{ "ticker": { "uuid": "6e3042d1-238b-40a1-83af-b061f6f9ed58", "symbol": "ESLA", "name": "Estrella Immunopharma Inc.", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -73.217, "architecture_energy": 83.614, "architecture_maturity": 40.0, "architecture_confidence": 90.513, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 0.69, "rotation_up": 12.2, "upward_expansion": 20.21, "deceleration": 37.09, "rotation_down": 78.21, "downward_expansion": 98.21 }, "activity_lines": [ 0.760963, 0.841525, 1.00085, 1.079746 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 0.72255, "trend_reference": 1.145248, "distance_from_trend": -0.369089, "trend_direction": "Weakening", "fair_value": 1.636039, "distance_from_fair_value": -0.558354, "fair_value_direction": "Weakening", "relative_strength": -52.926307, "relative_strength_direction": "Weakening", "price_momentum": -0.50169, "excess_performance": -0.689143, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.369089, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.212509, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.558354, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.076799, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.529263, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.328191, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.50169, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.465469, "read": "Supply-led" } ], "volume": { "latest": 170241, "relative_activity": 0.516205, "balance": 0.465469, "dry_up": 0.623918, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.230082, "annualized_volatility": 1.066174, "from_high_reference": -0.770619, "from_low_reference": 0.065551 }, "levels": { "trend_reference": 1.145248, "fair_value_reference": 1.636039, "structural_low": 0.6781, "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": 19, "median_return": 0.007919, "positive_rate": 0.526316, "directional_follow_through": 0.473684, "median_excess_return": -0.036837, "regime_survival": 0.736842, "best_return": 1.104762, "worst_return": -0.315217, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.077273, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.127862, "regime_survival": 0.571429, "best_return": 1.051102, "worst_return": -0.839924, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.223422, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.115383, "regime_survival": 0.25, "best_return": 0.391892, "worst_return": -0.859144, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 1.070006, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.80609, "regime_survival": 0.0, "best_return": 2.959459, "worst_return": -0.819448, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": -0.048387, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-03-28", "tenure": "Developing", "return": -0.184602, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": 0.318182, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-07-11", "tenure": "Developing", "return": -0.145728, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-09-05", "tenure": "Developing", "return": 0.230661, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": 0.057143, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-12-05", "tenure": "Developing", "return": 0.658333, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": -0.425434, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": 0.252475, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.09322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": 0.253968, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": -0.319018, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": -0.060345, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.366184, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7.8094, "volume": 197294, "typical_volume": 84771.1, "trend": 10.472313, "fair_value": 10.157815, "relative_strength": -35.276499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.284126, "energy": 81.257247, "activity_lines": [ 8.6938, 9.545709, 10.127467, 10.307187 ] }, { "date": "2023-08-25", "close": 7.71, "volume": 90829, "typical_volume": 89311.5, "trend": 10.384313, "fair_value": 10.133817, "relative_strength": -36.710023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.20019, "energy": 82.703061, "activity_lines": [ 8.18584, 9.118811, 9.869803, 10.128973 ] }, { "date": "2023-09-01", "close": 21.25, "volume": 4034564, "typical_volume": 289923.3, "trend": 10.737647, "fair_value": 10.241741, "relative_strength": 66.070135, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 69.20456, "energy": 36.876984, "activity_lines": [ 12.40388, 11.210822, 10.91533, 10.829985 ] }, { "date": "2023-09-08", "close": 8.9006, "volume": 2779160, "typical_volume": 428875.1, "trend": 10.688333, "fair_value": 10.228845, "relative_strength": -29.141785, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 26.386988, "energy": 18.038086, "activity_lines": [ 11.759453, 10.866942, 10.733913, 10.711466 ] }, { "date": "2023-09-15", "close": 8.72, "volume": 11186168, "typical_volume": 988126.2, "trend": 10.621333, "fair_value": 10.214475, "relative_strength": -29.78887, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.277165, "energy": 14.033849, "activity_lines": [ 11.078787, 10.525487, 10.543818, 10.584477 ] }, { "date": "2023-09-22", "close": 12.63, "volume": 8793379, "typical_volume": 1427242.1, "trend": 10.684667, "fair_value": 10.237263, "relative_strength": 5.294798, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.408912, "energy": 25.305029, "activity_lines": [ 11.662787, 10.934578, 10.735485, 10.714068 ] }, { "date": "2023-09-29", "close": 9.34, "volume": 1710111, "typical_volume": 1511915.05, "trend": 10.638333, "fair_value": 10.228878, "relative_strength": -21.680209, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.646933, "energy": 6.50227, "activity_lines": [ 10.828747, 10.71676, 10.60458, 10.627316 ] }, { "date": "2023-10-06", "close": 2.41, "volume": 2081952, "typical_volume": 1615785.05, "trend": 10.361, "fair_value": 10.156481, "relative_strength": -79.784597, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.222063, "energy": 38.971297, "activity_lines": [ 7.57604, 9.267305, 9.821104, 10.096455 ] }, { "date": "2023-10-13", "close": 1.49, "volume": 618485, "typical_volume": 1645436.85, "trend": 10.061, "fair_value": 10.076972, "relative_strength": -87.260678, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.552331, "energy": 56.751007, "activity_lines": [ 5.272667, 7.789669, 8.99058, 9.524133 ] }, { "date": "2023-10-20", "close": 1.3762, "volume": 259122, "typical_volume": 1658327.8, "trend": 9.757207, "fair_value": 9.997874, "relative_strength": -87.633879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.964865, "energy": 64.13621, "activity_lines": [ 3.4254, 6.432615, 8.19398, 8.963823 ] }, { "date": "2023-10-27", "close": 1.66, "volume": 539983, "typical_volume": 1685325.95, "trend": 9.459873, "fair_value": 9.922758, "relative_strength": -84.382403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.307403, "energy": 66.959843, "activity_lines": [ 2.16232, 5.250138, 7.469712, 8.441423 ] }, { "date": "2023-11-03", "close": 1.53, "volume": 309004, "typical_volume": 1700151.2, "trend": 9.158207, "fair_value": 9.847822, "relative_strength": -86.186697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.274732, "energy": 64.635169, "activity_lines": [ 1.58724, 4.155833, 6.777016, 7.929818 ] }, { "date": "2023-11-10", "close": 1.2916, "volume": 181803, "typical_volume": 1709001.7, "trend": 8.848593, "fair_value": 9.772104, "relative_strength": -88.432331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.025453, "energy": 57.592829, "activity_lines": [ 1.45336, 3.130545, 6.105996, 7.422295 ] }, { "date": "2023-11-17", "close": 1.2501, "volume": 86450, "typical_volume": 1711506.95, "trend": 8.53393, "fair_value": 9.697349, "relative_strength": -88.787617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.84388, "energy": 46.767266, "activity_lines": [ 1.380207, 2.460593, 5.476159, 6.93207 ] }, { "date": "2023-11-24", "close": 1.41, "volume": 204754, "typical_volume": 1721488.5, "trend": 8.224597, "fair_value": 9.625285, "relative_strength": -87.193559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.68445, "energy": 38.401084, "activity_lines": [ 1.376347, 1.958813, 4.907217, 6.472461 ] }, { "date": "2023-12-01", "close": 1.45, "volume": 549044, "typical_volume": 1741353.7, "trend": 7.916597, "fair_value": 9.554809, "relative_strength": -86.559684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.958855, "energy": 50.030127, "activity_lines": [ 1.383567, 1.597215, 4.387274, 6.035391 ] }, { "date": "2023-12-08", "close": 1.28, "volume": 143501, "typical_volume": 1743340.65, "trend": 7.59593, "fair_value": 9.484084, "relative_strength": -87.922083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.259688, "energy": 64.327823, "activity_lines": [ 1.34812, 1.40798, 3.896856, 5.607223 ] }, { "date": "2023-12-15", "close": 1.26, "volume": 318586, "typical_volume": 1753518.6, "trend": 7.273597, "fair_value": 9.414388, "relative_strength": -88.207713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.884163, "energy": 69.197262, "activity_lines": [ 1.322673, 1.361655, 3.450342, 5.198453 ] }, { "date": "2023-12-22", "close": 1.21, "volume": 159807, "typical_volume": 1722583.05, "trend": 6.95093, "fair_value": 9.345444, "relative_strength": -88.482272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.028807, "energy": 80.799868, "activity_lines": [ 1.282667, 1.327147, 3.040971, 4.807254 ] }, { "date": "2023-12-29", "close": 1.11, "volume": 163589, "typical_volume": 1720379.25, "trend": 6.62493, "fair_value": 9.276815, "relative_strength": -89.176339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.203694, "energy": 85.167294, "activity_lines": [ 1.212, 1.279549, 2.66041, 4.430419 ] }, { "date": "2024-01-05", "close": 1.1, "volume": 50975, "typical_volume": 1713063.3, "trend": 6.298597, "fair_value": 9.209238, "relative_strength": -88.616551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.961963, "energy": 89.904173, "activity_lines": [ 1.158, 1.234973, 2.312372, 4.073972 ] }, { "date": "2024-01-12", "close": 1.2299, "volume": 121943, "typical_volume": 1714619.0, "trend": 5.977927, "fair_value": 9.143834, "relative_strength": -87.32675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.548454, "energy": 88.746056, "activity_lines": [ 1.170633, 1.224196, 2.008655, 3.74696 ] }, { "date": "2024-01-19", "close": 1.26, "volume": 923214, "typical_volume": 1559051.5, "trend": 5.660927, "fair_value": 9.079737, "relative_strength": -87.015955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.120824, "energy": 88.052975, "activity_lines": [ 1.19664, 1.224349, 1.738663, 3.442577 ] }, { "date": "2024-01-26", "close": 1.2201, "volume": 97167, "typical_volume": 1424951.85, "trend": 5.340263, "fair_value": 9.016353, "relative_strength": -87.158981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.682309, "energy": 87.33382, "activity_lines": [ 1.209347, 1.217822, 1.560061, 3.156072 ] }, { "date": "2024-02-02", "close": 1.23, "volume": 77283, "typical_volume": 869507.6, "trend": 5.01793, "fair_value": 8.954062, "relative_strength": -86.848953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.058279, "energy": 63.04469, "activity_lines": [ 1.22468, 1.21364, 1.418976, 2.890894 ] }, { "date": "2024-02-09", "close": 1.16, "volume": 138648, "typical_volume": 436771.05, "trend": 4.688263, "fair_value": 8.892205, "relative_strength": -87.469416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.798196, "energy": 63.557753, "activity_lines": [ 1.20868, 1.200004, 1.30689, 2.641995 ] }, { "date": "2024-02-16", "close": 1.1, "volume": 99755, "typical_volume": 356253.25, "trend": 4.361597, "fair_value": 8.830849, "relative_strength": -87.562468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.152065, "energy": 66.227727, "activity_lines": [ 1.16868, 1.180731, 1.24371, 2.410494 ] }, { "date": "2024-02-23", "close": 1.01, "volume": 57733, "typical_volume": 255042.3, "trend": 4.05993, "fair_value": 8.769748, "relative_strength": -88.364367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.145448, "energy": 67.744858, "activity_lines": [ 1.10734, 1.148367, 1.211196, 2.194262 ] }, { "date": "2024-03-01", "close": 1.065, "volume": 91553, "typical_volume": 228695.7, "trend": 3.786763, "fair_value": 8.710022, "relative_strength": -87.56894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.845118, "energy": 66.924473, "activity_lines": [ 1.081, 1.130549, 1.190587, 2.001041 ] }, { "date": "2024-03-08", "close": 1.04, "volume": 333165, "typical_volume": 232397.85, "trend": 3.550097, "fair_value": 8.651022, "relative_strength": -87.230546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.074997, "energy": 67.027462, "activity_lines": [ 1.056667, 1.110822, 1.169621, 1.823831 ] }, { "date": "2024-03-15", "close": 1.11, "volume": 609454, "typical_volume": 235871.4, "trend": 3.326783, "fair_value": 8.593456, "relative_strength": -85.737287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.976306, "energy": 64.296376, "activity_lines": [ 1.068333, 1.105095, 1.156922, 1.666405 ] }, { "date": "2024-03-22", "close": 1.15, "volume": 106567, "typical_volume": 225749.55, "trend": 3.108117, "fair_value": 8.537067, "relative_strength": -85.155616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.003442, "energy": 55.390445, "activity_lines": [ 1.096667, 1.106458, 1.150652, 1.525967 ] }, { "date": "2024-03-29", "close": 1.24, "volume": 97791, "typical_volume": 221548.95, "trend": 2.441117, "fair_value": 8.482202, "relative_strength": -83.347622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.883731, "energy": 41.165076, "activity_lines": [ 1.151667, 1.125638, 1.154763, 1.405444 ] }, { "date": "2024-04-05", "close": 1.15, "volume": 82430, "typical_volume": 221347.95, "trend": 2.182763, "fair_value": 8.427484, "relative_strength": -83.86073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.833354, "energy": 31.705404, "activity_lines": [ 1.161333, 1.128818, 1.150549, 1.322146 ] }, { "date": "2024-04-12", "close": 1.1299, "volume": 94919, "typical_volume": 215856.2, "trend": 1.92976, "fair_value": 8.373427, "relative_strength": -83.456422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.659979, "energy": 26.380367, "activity_lines": [ 1.158633, 1.129618, 1.144896, 1.254219 ] }, { "date": "2024-04-19", "close": 1.07, "volume": 96976, "typical_volume": 193252.8, "trend": 1.544427, "fair_value": 8.319726, "relative_strength": -82.77334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.785395, "energy": 26.008512, "activity_lines": [ 1.129973, 1.121347, 1.134873, 1.198751 ] }, { "date": "2024-04-26", "close": 1.02, "volume": 30748, "typical_volume": 187615.15, "trend": 1.267093, "fair_value": 8.266443, "relative_strength": -83.54657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.579916, "energy": 33.115225, "activity_lines": [ 1.087313, 1.105622, 1.121897, 1.164917 ] }, { "date": "2024-05-03", "close": 1.0, "volume": 64209, "typical_volume": 174896.3, "trend": 1.220093, "fair_value": 8.213788, "relative_strength": -83.344092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.052195, "energy": 35.962992, "activity_lines": [ 1.046653, 1.087715, 1.108255, 1.147685 ] }, { "date": "2024-05-10", "close": 1.08, "volume": 35024, "typical_volume": 168657.15, "trend": 1.206427, "fair_value": 8.162465, "relative_strength": -81.469956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.861135, "energy": 32.188863, "activity_lines": [ 1.04866, 1.084535, 1.10347, 1.138647 ] }, { "date": "2024-05-17", "close": 1.015, "volume": 68510, "typical_volume": 163903.2, "trend": 1.194387, "fair_value": 8.111412, "relative_strength": -82.167082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.21147, "energy": 38.183587, "activity_lines": [ 1.033667, 1.069264, 1.093113, 1.126297 ] }, { "date": "2024-05-24", "close": 0.992, "volume": 58030, "typical_volume": 164255.95, "trend": 1.17212, "fair_value": 8.06092, "relative_strength": -82.00185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.353856, "energy": 37.826508, "activity_lines": [ 1.018667, 1.050265, 1.081018, 1.113239 ] }, { "date": "2024-05-31", "close": 0.9468, "volume": 63686, "typical_volume": 161343.1, "trend": 1.15268, "fair_value": 8.01082, "relative_strength": -81.703736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.486335, "energy": 35.833179, "activity_lines": [ 0.9938, 1.025195, 1.065133, 1.098703 ] }, { "date": "2024-06-07", "close": 0.899, "volume": 52191, "typical_volume": 117791.95, "trend": 1.139593, "fair_value": 7.961087, "relative_strength": -82.224223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.746645, "energy": 49.727823, "activity_lines": [ 0.95788, 0.995127, 1.046043, 1.082336 ] }, { "date": "2024-06-14", "close": 0.94, "volume": 44484, "typical_volume": 115157.8, "trend": 1.129257, "fair_value": 7.91233, "relative_strength": -81.12169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.130618, "energy": 53.10567, "activity_lines": [ 0.94236, 0.978715, 1.032578, 1.069459 ] }, { "date": "2024-06-21", "close": 0.9408, "volume": 45442, "typical_volume": 113565.75, "trend": 1.113617, "fair_value": 7.86425, "relative_strength": -80.117785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.589421, "energy": 51.43345, "activity_lines": [ 0.93644, 0.966265, 1.020522, 1.057301 ] }, { "date": "2024-06-28", "close": 1.05, "volume": 88440, "typical_volume": 111055.35, "trend": 1.100283, "fair_value": 7.817577, "relative_strength": -76.546148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.581776, "energy": 30.175606, "activity_lines": [ 0.971867, 0.977109, 1.020243, 1.053196 ] }, { "date": "2024-07-05", "close": 1.21, "volume": 102191, "typical_volume": 111177.15, "trend": 1.09795, "fair_value": 7.772628, "relative_strength": -72.33356, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.401811, "energy": 9.970223, "activity_lines": [ 1.05676, 1.017407, 1.035727, 1.060275 ] }, { "date": "2024-07-12", "close": 1.42, "volume": 233470, "typical_volume": 119964.0, "trend": 1.103283, "fair_value": 7.729705, "relative_strength": -65.447805, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.023309, "energy": 35.544131, "activity_lines": [ 1.194107, 1.092433, 1.070686, 1.081052 ] }, { "date": "2024-07-19", "close": 1.37, "volume": 166727, "typical_volume": 123722.7, "trend": 1.108617, "fair_value": 7.687022, "relative_strength": -63.037087, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.122536, "energy": 51.849496, "activity_lines": [ 1.280053, 1.150731, 1.098931, 1.09826 ] }, { "date": "2024-07-26", "close": 2.21, "volume": 4112433, "typical_volume": 312686.1, "trend": 1.145283, "fair_value": 7.650509, "relative_strength": -35.343226, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 90.763999, "energy": 85.056491, "activity_lines": [ 1.617333, 1.356484, 1.205724, 1.169317 ] }, { "date": "2024-08-02", "close": 1.45, "volume": 646664, "typical_volume": 314546.6, "trend": 1.15695, "fair_value": 7.609446, "relative_strength": -53.595139, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.027347, "energy": 68.88645, "activity_lines": [ 1.616667, 1.402327, 1.234565, 1.188976 ] }, { "date": "2024-08-09", "close": 1.4, "volume": 90236, "typical_volume": 313730.05, "trend": 1.16262, "fair_value": 7.568594, "relative_strength": -52.851026, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.934803, "energy": 52.426476, "activity_lines": [ 1.572667, 1.430753, 1.257024, 1.204657 ] }, { "date": "2024-08-16", "close": 1.41, "volume": 78074, "typical_volume": 312744.2, "trend": 1.16762, "fair_value": 7.528342, "relative_strength": -52.335182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.76886, "energy": 40.204814, "activity_lines": [ 1.519333, 1.452756, 1.279246, 1.220617 ] }, { "date": "2024-08-23", "close": 1.325, "volume": 58657, "typical_volume": 311555.55, "trend": 1.171117, "fair_value": 7.48806, "relative_strength": -52.976316, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.591708, "energy": 19.119386, "activity_lines": [ 1.438333, 1.450015, 1.292562, 1.23077 ] }, { "date": "2024-08-30", "close": 1.26, "volume": 34712, "typical_volume": 308545.2, "trend": 1.172117, "fair_value": 7.447879, "relative_strength": -45.242512, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.993303, "energy": 17.899114, "activity_lines": [ 1.338667, 1.428455, 1.298855, 1.236505 ] }, { "date": "2024-09-06", "close": 1.1, "volume": 18291, "typical_volume": 304610.95, "trend": 1.170117, "fair_value": 7.407188, "relative_strength": -44.48386, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.612144, "energy": 14.818737, "activity_lines": [ 1.249, 1.372, 1.28929, 1.231852 ] }, { "date": "2024-09-13", "close": 1.09, "volume": 299810, "typical_volume": 318064.05, "trend": 1.169783, "fair_value": 7.351354, "relative_strength": -42.740246, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.384101, "energy": 15.964363, "activity_lines": [ 1.179333, 1.312818, 1.27863, 1.226683 ] }, { "date": "2024-09-20", "close": 1.01, "volume": 75721, "typical_volume": 318639.65, "trend": 1.169783, "fair_value": 7.294816, "relative_strength": -37.742289, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.245877, "energy": 18.295275, "activity_lines": [ 1.103667, 1.241273, 1.260018, 1.216374 ] }, { "date": "2024-09-27", "close": 1.19, "volume": 5320901, "typical_volume": 582933.5, "trend": 1.17395, "fair_value": 7.238983, "relative_strength": -15.975988, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.509652, "energy": 14.002187, "activity_lines": [ 1.114667, 1.209909, 1.258501, 1.217679 ] }, { "date": "2024-10-04", "close": 1.15, "volume": 1432565, "typical_volume": 651136.25, "trend": 1.177617, "fair_value": 7.182893, "relative_strength": -16.526513, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.861572, "energy": 11.505699, "activity_lines": [ 1.121333, 1.174545, 1.25265, 1.216134 ] }, { "date": "2024-10-11", "close": 0.838, "volume": 441004, "typical_volume": 670284.95, "trend": 1.16855, "fair_value": 7.124931, "relative_strength": -38.917183, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.433352, "energy": 20.633938, "activity_lines": [ 1.031333, 1.101727, 1.216443, 1.194223 ] }, { "date": "2024-10-18", "close": 0.87, "volume": 223675, "typical_volume": 678284.4, "trend": 1.159217, "fair_value": 7.067175, "relative_strength": -35.772886, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.649845, "energy": 21.762875, "activity_lines": [ 0.969467, 1.045855, 1.184016, 1.174962 ] }, { "date": "2024-10-25", "close": 0.9, "volume": 43627, "typical_volume": 677856.2, "trend": 1.147883, "fair_value": 7.009354, "relative_strength": -32.234001, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.277916, "energy": 39.9739, "activity_lines": [ 0.932267, 1.005073, 1.154812, 1.158238 ] }, { "date": "2024-11-01", "close": 0.726, "volume": 121452, "typical_volume": 681704.6, "trend": 1.13375, "fair_value": 6.950354, "relative_strength": -43.353651, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.287554, "energy": 67.314775, "activity_lines": [ 0.8444, 0.941927, 1.109032, 1.13102 ] }, { "date": "2024-11-08", "close": 0.74, "volume": 83993, "typical_volume": 683632.15, "trend": 1.120753, "fair_value": 6.891701, "relative_strength": -44.449318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.66973, "energy": 66.415222, "activity_lines": [ 0.792133, 0.892218, 1.065605, 1.105616 ] }, { "date": "2024-11-15", "close": 0.89, "volume": 55224, "typical_volume": 681971.35, "trend": 1.114753, "fair_value": 6.833816, "relative_strength": -30.062993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.656414, "energy": 58.969271, "activity_lines": [ 0.8172, 0.879236, 1.037419, 1.090729 ] }, { "date": "2024-11-22", "close": 0.91, "volume": 77231, "typical_volume": 680723.35, "trend": 1.111087, "fair_value": 6.775675, "relative_strength": -28.808969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.270001, "energy": 45.167128, "activity_lines": [ 0.845467, 0.873709, 1.0119, 1.077519 ] }, { "date": "2024-11-29", "close": 1.135, "volume": 151272, "typical_volume": 676613.45, "trend": 1.115587, "fair_value": 6.719297, "relative_strength": -10.865694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.645897, "energy": 18.625696, "activity_lines": [ 0.946067, 0.912364, 1.009238, 1.079062 ] }, { "date": "2024-12-06", "close": 1.208, "volume": 386231, "typical_volume": 687588.65, "trend": 1.119853, "fair_value": 6.663451, "relative_strength": -7.442572, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.447808, "energy": 16.168975, "activity_lines": [ 1.055333, 0.962018, 1.014886, 1.085024 ] }, { "date": "2024-12-13", "close": 1.1937, "volume": 432298, "typical_volume": 503581.9, "trend": 1.12581, "fair_value": 6.60777, "relative_strength": -8.612748, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.935494, "energy": 15.709103, "activity_lines": [ 1.1277, 1.008745, 1.019943, 1.089788 ] }, { "date": "2024-12-20", "close": 1.16, "volume": 184693, "typical_volume": 480483.35, "trend": 1.13141, "fair_value": 6.552065, "relative_strength": -8.631659, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.837038, "energy": 20.702742, "activity_lines": [ 1.158587, 1.048551, 1.02663, 1.091994 ] }, { "date": "2024-12-27", "close": 1.27, "volume": 92150, "typical_volume": 480579.05, "trend": 1.142183, "fair_value": 6.49668, "relative_strength": -0.641373, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.510504, "energy": 27.244769, "activity_lines": [ 1.20814, 1.102502, 1.045174, 1.100935 ] }, { "date": "2025-01-03", "close": 1.24, "volume": 110337, "typical_volume": 482192.2, "trend": 1.15355, "fair_value": 6.440302, "relative_strength": -1.937176, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.230312, "energy": 31.951378, "activity_lines": [ 1.223693, 1.143725, 1.06148, 1.107246 ] }, { "date": "2025-01-10", "close": 1.19, "volume": 62263, "typical_volume": 482372.5, "trend": 1.161883, "fair_value": 6.384404, "relative_strength": -3.263303, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.915817, "energy": 27.341198, "activity_lines": [ 1.21558, 1.169676, 1.073834, 1.109598 ] }, { "date": "2025-01-17", "close": 1.18, "volume": 30217, "typical_volume": 482147.75, "trend": 1.169857, "fair_value": 6.328443, "relative_strength": -6.195197, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.333315, "energy": 18.281643, "activity_lines": [ 1.205333, 1.185373, 1.085879, 1.110767 ] }, { "date": "2025-01-24", "close": 1.13, "volume": 32712, "typical_volume": 482868.8, "trend": 1.172523, "fair_value": 6.271969, "relative_strength": -10.966789, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.92829, "energy": 6.960084, "activity_lines": [ 1.179333, 1.183978, 1.093542, 1.108195 ] }, { "date": "2025-01-31", "close": 1.05, "volume": 26592, "typical_volume": 469207.9, "trend": 1.16719, "fair_value": 6.214981, "relative_strength": -15.515032, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.122149, "energy": 13.582875, "activity_lines": [ 1.128667, 1.163675, 1.093443, 1.100291 ] }, { "date": "2025-02-07", "close": 1.12, "volume": 77641, "typical_volume": 469303.9, "trend": 1.15719, "fair_value": 6.158443, "relative_strength": -9.605495, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.869959, "energy": 11.055894, "activity_lines": [ 1.116, 1.153553, 1.100202, 1.097246 ] }, { "date": "2025-02-14", "close": 1.235, "volume": 26338, "typical_volume": 204575.75, "trend": 1.15269, "fair_value": 6.102642, "relative_strength": -2.928155, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.307852, "energy": 7.078969, "activity_lines": [ 1.149667, 1.164613, 1.117389, 1.102266 ] }, { "date": "2025-02-21", "close": 1.48, "volume": 1680939, "typical_volume": 216994.45, "trend": 1.128357, "fair_value": 6.048603, "relative_strength": 18.528268, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 35.743206, "energy": 28.24507, "activity_lines": [ 1.262, 1.219727, 1.157695, 1.123383 ] }, { "date": "2025-02-28", "close": 1.03, "volume": 804000, "typical_volume": 235144.25, "trend": 1.114357, "fair_value": 5.991296, "relative_strength": -14.341635, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.801171, "energy": 19.227571, "activity_lines": [ 1.204333, 1.187818, 1.153573, 1.117037 ] }, { "date": "2025-03-07", "close": 0.988, "volume": 275537, "typical_volume": 237737.35, "trend": 1.100623, "fair_value": 5.933654, "relative_strength": -14.838993, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.96448, "energy": 9.574468, "activity_lines": [ 1.139333, 1.150636, 1.144536, 1.108885 ] }, { "date": "2025-03-14", "close": 0.92, "volume": 376165, "typical_volume": 254364.25, "trend": 1.08429, "fair_value": 5.875578, "relative_strength": -18.258283, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.350741, "energy": 12.228583, "activity_lines": [ 1.0558, 1.106218, 1.128461, 1.097232 ] }, { "date": "2025-03-21", "close": 1.01, "volume": 84527, "typical_volume": 252518.0, "trend": 1.07379, "fair_value": 5.818013, "relative_strength": -10.122811, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.702653, "energy": 19.867222, "activity_lines": [ 1.0156, 1.083982, 1.120863, 1.092439 ] }, { "date": "2025-03-28", "close": 0.9214, "volume": 31852, "typical_volume": 249910.95, "trend": 1.062503, "fair_value": 5.759881, "relative_strength": -15.462019, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.019204, "energy": 35.423376, "activity_lines": [ 0.960867, 1.048909, 1.103474, 1.082608 ] }, { "date": "2025-04-04", "close": 0.88, "volume": 568411, "typical_volume": 275570.3, "trend": 1.05517, "fair_value": 5.70142, "relative_strength": -10.016277, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.492481, "energy": 41.516048, "activity_lines": [ 0.929573, 1.011011, 1.081278, 1.070833 ] }, { "date": "2025-04-11", "close": 0.869, "volume": 395212, "typical_volume": 291469.35, "trend": 1.047803, "fair_value": 5.643016, "relative_strength": -16.875209, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.268007, "energy": 40.877034, "activity_lines": [ 0.904613, 0.975658, 1.058082, 1.058822 ] }, { "date": "2025-04-18", "close": 0.793554, "volume": 173698, "typical_volume": 292590.65, "trend": 1.040588, "fair_value": 5.583808, "relative_strength": -21.802534, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.320927, "energy": 44.474016, "activity_lines": [ 0.862438, 0.929879, 1.027897, 1.042419 ] }, { "date": "2025-04-25", "close": 1.0, "volume": 909763, "typical_volume": 318767.25, "trend": 1.034255, "fair_value": 5.526052, "relative_strength": -7.186948, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.139828, "energy": 22.985563, "activity_lines": [ 0.897508, 0.927571, 1.018998, 1.0398 ] }, { "date": "2025-05-02", "close": 1.16, "volume": 78119, "typical_volume": 301058.3, "trend": 1.034588, "fair_value": 5.469321, "relative_strength": 4.024677, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.526691, "energy": 5.151635, "activity_lines": [ 0.986577, 0.958626, 1.026328, 1.047913 ] }, { "date": "2025-05-09", "close": 1.03, "volume": 220953, "typical_volume": 302871.3, "trend": 1.040988, "fair_value": 5.411757, "relative_strength": -7.198876, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.513255, "energy": 5.693885, "activity_lines": [ 1.016407, 0.971863, 1.021438, 1.047617 ] }, { "date": "2025-05-16", "close": 0.959, "volume": 179900, "typical_volume": 307258.8, "trend": 1.043955, "fair_value": 5.353738, "relative_strength": -18.86361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.806402, "energy": 18.056558, "activity_lines": [ 1.01257, 0.972191, 1.010405, 1.042327 ] }, { "date": "2025-05-23", "close": 1.04, "volume": 23770, "typical_volume": 302930.45, "trend": 1.048622, "fair_value": 5.296109, "relative_strength": -9.785576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.773245, "energy": 17.41894, "activity_lines": [ 1.029733, 0.987774, 1.008567, 1.042072 ] }, { "date": "2025-05-30", "close": 1.0096, "volume": 26249, "typical_volume": 301129.75, "trend": 1.058075, "fair_value": 5.238447, "relative_strength": -13.964537, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.554596, "energy": 13.237451, "activity_lines": [ 1.020333, 0.995648, 1.004786, 1.039555 ] }, { "date": "2025-06-06", "close": 1.0651, "volume": 10007543, "typical_volume": 799996.05, "trend": 1.068912, "fair_value": 5.180851, "relative_strength": -11.129061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.484584, "energy": 7.214785, "activity_lines": [ 1.028793, 1.013619, 1.00715, 1.040008 ] }, { "date": "2025-06-13", "close": 0.96, "volume": 161901, "typical_volume": 806455.5, "trend": 1.071245, "fair_value": 5.122646, "relative_strength": -19.344463, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.532699, "energy": 13.708385, "activity_lines": [ 1.008547, 1.009869, 1.000052, 1.032981 ] }, { "date": "2025-06-20", "close": 0.99, "volume": 195568, "typical_volume": 814904.3, "trend": 1.073912, "fair_value": 5.064633, "relative_strength": -16.738229, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.535112, "energy": 13.568837, "activity_lines": [ 1.002967, 1.010119, 0.99662, 1.02774 ] }, { "date": "2025-06-27", "close": 0.881, "volume": 62013, "typical_volume": 814122.9, "trend": 1.065445, "fair_value": 5.006178, "relative_strength": -28.495645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.403308, "energy": 24.66566, "activity_lines": [ 0.958987, 0.988351, 0.983094, 1.015294 ] }, { "date": "2025-07-04", "close": 0.88, "volume": 53485, "typical_volume": 815480.25, "trend": 1.054512, "fair_value": 4.94746, "relative_strength": -29.092894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.095515, "energy": 41.933185, "activity_lines": [ 0.925273, 0.964811, 0.970609, 1.00333 ] }, { "date": "2025-07-11", "close": 0.8799, "volume": 69236, "typical_volume": 734895.1, "trend": 1.044052, "fair_value": 4.888934, "relative_strength": -28.037436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.255991, "energy": 46.630295, "activity_lines": [ 0.900167, 0.943435, 0.959806, 0.992064 ] }, { "date": "2025-07-18", "close": 0.8532, "volume": 88215, "typical_volume": 699105.85, "trend": 1.033825, "fair_value": 4.829852, "relative_strength": -30.260763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.626735, "energy": 52.811602, "activity_lines": [ 0.878507, 0.922296, 0.949318, 0.979751 ] }, { "date": "2025-07-25", "close": 0.91, "volume": 141568, "typical_volume": 692407.4, "trend": 1.021825, "fair_value": 4.771262, "relative_strength": -24.152199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.920756, "energy": 44.645833, "activity_lines": [ 0.8829, 0.9147, 0.945081, 0.971763 ] }, { "date": "2025-08-01", "close": 0.8549, "volume": 63026, "typical_volume": 676750.45, "trend": 1.008988, "fair_value": 4.712319, "relative_strength": -25.991912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.257907, "energy": 41.272387, "activity_lines": [ 0.87426, 0.897976, 0.935968, 0.960993 ] }, { "date": "2025-08-08", "close": 0.823, "volume": 76828, "typical_volume": 676365.5, "trend": 0.996755, "fair_value": 4.653172, "relative_strength": -30.227281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.562875, "energy": 44.569744, "activity_lines": [ 0.856727, 0.878818, 0.924127, 0.948994 ] }, { "date": "2025-08-15", "close": 0.91, "volume": 38174, "typical_volume": 676681.6, "trend": 0.987755, "fair_value": 4.594582, "relative_strength": -22.197797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.267184, "energy": 28.826777, "activity_lines": [ 0.871993, 0.878871, 0.921462, 0.943397 ] }, { "date": "2025-08-22", "close": 0.9699, "volume": 29763, "typical_volume": 649749.2, "trend": 0.982418, "fair_value": 4.536376, "relative_strength": -15.430925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.537048, "energy": 16.662016, "activity_lines": [ 0.90522, 0.892635, 0.924556, 0.942245 ] }, { "date": "2025-08-29", "close": 1.05, "volume": 174715, "typical_volume": 638724.35, "trend": 0.982418, "fair_value": 4.478684, "relative_strength": -7.467442, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.351183, "energy": 10.695952, "activity_lines": [ 0.957367, 0.920782, 0.93485, 0.946605 ] }, { "date": "2025-09-05", "close": 1.05, "volume": 143529, "typical_volume": 637215.9, "trend": 0.980085, "fair_value": 4.421023, "relative_strength": -7.803958, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 21.236729, "energy": 24.783985, "activity_lines": [ 1.00018, 0.947838, 0.944283, 0.950965 ] }, { "date": "2025-09-12", "close": 1.05, "volume": 150374, "typical_volume": 599246.45, "trend": 0.973918, "fair_value": 4.363331, "relative_strength": -9.013021, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.29043, "energy": 34.790142, "activity_lines": [ 1.029987, 0.971822, 0.952494, 0.955476 ] }, { "date": "2025-09-19", "close": 1.11, "volume": 282536, "typical_volume": 609467.3, "trend": 0.961585, "fair_value": 4.305959, "relative_strength": -5.616679, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.145799, "energy": 62.972779, "activity_lines": [ 1.06466, 1.003624, 0.966182, 0.964255 ] }, { "date": "2025-09-26", "close": 1.2, "volume": 243037, "typical_volume": 610571.5, "trend": 0.967252, "fair_value": 4.249164, "relative_strength": 2.944335, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.008552, "energy": 73.581655, "activity_lines": [ 1.116, 1.047605, 0.988679, 0.979637 ] }, { "date": "2025-10-03", "close": 1.31, "volume": 1311080, "typical_volume": 667130.5, "trend": 0.977985, "fair_value": 4.193011, "relative_strength": 11.257007, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.24324, "energy": 77.692872, "activity_lines": [ 1.188667, 1.105282, 1.020843, 1.00175 ] }, { "date": "2025-10-10", "close": 1.29, "volume": 1033317, "typical_volume": 717607.85, "trend": 0.990318, "fair_value": 4.136729, "relative_strength": 11.572506, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.256537, "energy": 75.261173, "activity_lines": [ 1.237333, 1.152049, 1.04943, 1.02188 ] }, { "date": "2025-10-17", "close": 1.75, "volume": 1951781, "typical_volume": 813884.45, "trend": 1.014985, "fair_value": 4.083203, "relative_strength": 46.124219, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.785052, "energy": 90.077967, "activity_lines": [ 1.423333, 1.274542, 1.120637, 1.070891 ] }, { "date": "2025-10-24", "close": 2.38, "volume": 3002535, "typical_volume": 463634.05, "trend": 1.063605, "fair_value": 4.033716, "relative_strength": 90.732788, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.042853, "energy": 98.103559, "activity_lines": [ 1.772667, 1.494725, 1.248318, 1.158957 ] }, { "date": "2025-10-31", "close": 2.42, "volume": 1780793, "typical_volume": 544578.65, "trend": 1.114938, "fair_value": 3.984485, "relative_strength": 86.089852, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.813914, "energy": 96.769767, "activity_lines": [ 2.050667, 1.695455, 1.373547, 1.246466 ] }, { "date": "2025-11-07", "close": 2.93, "volume": 3500664, "typical_volume": 709833.45, "trend": 1.183638, "fair_value": 3.938459, "relative_strength": 125.407781, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.361129, "energy": 97.584953, "activity_lines": [ 2.417333, 1.962545, 1.540395, 1.363567 ] }, { "date": "2025-11-14", "close": 2.27, "volume": 1745662, "typical_volume": 794015.9, "trend": 1.232853, "fair_value": 3.888011, "relative_strength": 71.898507, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.856243, "energy": 85.074331, "activity_lines": [ 2.456, 2.075455, 1.635148, 1.433655 ] }, { "date": "2025-11-21", "close": 1.52, "volume": 1307928, "typical_volume": 856738.05, "trend": 1.250187, "fair_value": 3.832754, "relative_strength": 17.966695, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.313684, "energy": 54.98687, "activity_lines": [ 2.179333, 2.029818, 1.651858, 1.45218 ] }, { "date": "2025-11-28", "close": 2.11, "volume": 507077, "typical_volume": 878630.1, "trend": 1.281853, "fair_value": 3.78128, "relative_strength": 54.450068, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.266252, "energy": 44.391533, "activity_lines": [ 2.114667, 2.082909, 1.721711, 1.507652 ] }, { "date": "2025-12-05", "close": 1.99, "volume": 836068, "typical_volume": 916022.75, "trend": 1.313853, "fair_value": 3.728107, "relative_strength": 43.123824, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.876841, "energy": 25.061057, "activity_lines": [ 2.028, 2.096, 1.774278, 1.553339 ] }, { "date": "2025-12-12", "close": 1.73, "volume": 753813, "typical_volume": 946635.0, "trend": 1.339553, "fair_value": 3.673555, "relative_strength": 26.220522, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.123383, "energy": 22.635034, "activity_lines": [ 1.883333, 2.047455, 1.796669, 1.580187 ] }, { "date": "2025-12-19", "close": 1.69, "volume": 692650, "typical_volume": 978116.2, "trend": 1.36122, "fair_value": 3.618427, "relative_strength": 22.101217, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.594408, "energy": 17.85677, "activity_lines": [ 1.805333, 1.984, 1.811346, 1.602797 ] }, { "date": "2025-12-26", "close": 1.54, "volume": 169816, "typical_volume": 982765.6, "trend": 1.3789, "fair_value": 3.562338, "relative_strength": 9.878729, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.07341, "energy": 16.663744, "activity_lines": [ 1.716, 1.886, 1.807761, 1.614331 ] }, { "date": "2026-01-02", "close": 1.39, "volume": 152478, "typical_volume": 988480.8, "trend": 1.38973, "fair_value": 3.505414, "relative_strength": 1.036041, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.241163, "energy": 12.555846, "activity_lines": [ 1.575333, 1.764545, 1.786476, 1.615047 ] }, { "date": "2026-01-09", "close": 1.2, "volume": 604313, "typical_volume": 1017208.3, "trend": 1.39773, "fair_value": 3.446312, "relative_strength": -14.33261, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.388033, "energy": 16.076658, "activity_lines": [ 1.419333, 1.626545, 1.74481, 1.602806 ] }, { "date": "2026-01-16", "close": 0.994, "volume": 496606, "typical_volume": 1033302.85, "trend": 1.397863, "fair_value": 3.386017, "relative_strength": -28.006337, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.919807, "energy": 34.345429, "activity_lines": [ 1.247333, 1.473273, 1.682429, 1.576759 ] }, { "date": "2026-01-23", "close": 1.01, "volume": 241232, "typical_volume": 1038188.0, "trend": 1.402163, "fair_value": 3.326145, "relative_strength": -26.687624, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.646531, "energy": 48.569112, "activity_lines": [ 1.129733, 1.358109, 1.621838, 1.551736 ] }, { "date": "2026-01-30", "close": 1.12, "volume": 403172, "typical_volume": 1050827.9, "trend": 1.410163, "fair_value": 3.265055, "relative_strength": -18.436407, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.153366, "energy": 48.954045, "activity_lines": [ 1.094133, 1.285855, 1.571914, 1.533532 ] }, { "date": "2026-02-06", "close": 1.45, "volume": 6670951, "typical_volume": 1370248.65, "trend": 1.429167, "fair_value": 3.207812, "relative_strength": 7.50086, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.397224, "energy": 34.069864, "activity_lines": [ 1.196533, 1.280873, 1.553086, 1.536102 ] }, { "date": "2026-02-13", "close": 1.265, "volume": 692133, "typical_volume": 1392703.45, "trend": 1.442893, "fair_value": 3.147139, "relative_strength": -4.84096, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.068526, "energy": 22.59269, "activity_lines": [ 1.233267, 1.254255, 1.515019, 1.52551 ] }, { "date": "2026-02-20", "close": 1.18, "volume": 192018, "typical_volume": 1336750.35, "trend": 1.451893, "fair_value": 3.085921, "relative_strength": -11.554836, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.583326, "energy": 17.198069, "activity_lines": [ 1.237333, 1.225364, 1.468548, 1.508549 ] }, { "date": "2026-02-27", "close": 1.22, "volume": 207112, "typical_volume": 1295440.1, "trend": 1.464063, "fair_value": 3.024959, "relative_strength": -8.305192, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.373665, "energy": 13.895505, "activity_lines": [ 1.242333, 1.213745, 1.426505, 1.493589 ] }, { "date": "2026-03-06", "close": 1.07, "volume": 161625, "typical_volume": 1205932.3, "trend": 1.472297, "fair_value": 2.963036, "relative_strength": -18.39979, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -61.294639, "energy": 43.937065, "activity_lines": [ 1.183333, 1.1834, 1.37051, 1.468165 ] }, { "date": "2026-03-13", "close": 1.26, "volume": 236490, "typical_volume": 1067630.05, "trend": 1.483963, "fair_value": 2.90387, "relative_strength": -3.099948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.301017, "energy": 41.823915, "activity_lines": [ 1.191, 1.196145, 1.335848, 1.454469 ] }, { "date": "2026-03-20", "close": 1.04, "volume": 377375, "typical_volume": 997459.15, "trend": 1.4863, "fair_value": 2.843293, "relative_strength": -18.183846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.660033, "energy": 50.508935, "activity_lines": [ 1.138, 1.171255, 1.285567, 1.425826 ] }, { "date": "2026-03-27", "close": 1.05, "volume": 368756, "typical_volume": 840863.75, "trend": 1.4863, "fair_value": 2.782203, "relative_strength": -14.56224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.685233, "energy": 53.439484, "activity_lines": [ 1.103333, 1.151091, 1.24281, 1.397677 ] }, { "date": "2026-04-03", "close": 1.05, "volume": 124500, "typical_volume": 759805.65, "trend": 1.4863, "fair_value": 2.721113, "relative_strength": -17.618376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.041603, "energy": 49.301984, "activity_lines": [ 1.077333, 1.129909, 1.209005, 1.369529 ] }, { "date": "2026-04-10", "close": 1.84, "volume": 2745915, "typical_volume": 831705.0, "trend": 1.512633, "fair_value": 2.665088, "relative_strength": 36.883951, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.86474, "energy": 7.904175, "activity_lines": [ 1.326, 1.251636, 1.256248, 1.392348 ] }, { "date": "2026-04-17", "close": 1.88, "volume": 303486, "typical_volume": 821525.45, "trend": 1.5383, "fair_value": 2.608613, "relative_strength": 30.459398, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 12.840014, "energy": 23.819293, "activity_lines": [ 1.536667, 1.367545, 1.305776, 1.416049 ] }, { "date": "2026-04-24", "close": 1.58, "volume": 205817, "typical_volume": 790012.9, "trend": 1.550967, "fair_value": 2.550216, "relative_strength": 7.039769, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 13.288036, "energy": 28.119355, "activity_lines": [ 1.606, 1.421091, 1.327829, 1.41874 ] }, { "date": "2026-05-01", "close": 1.63, "volume": 246575, "typical_volume": 764651.0, "trend": 1.561633, "fair_value": 2.492139, "relative_strength": 8.710934, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.930643, "energy": 32.063348, "activity_lines": [ 1.656, 1.478, 1.356595, 1.423839 ] }, { "date": "2026-05-08", "close": 1.26, "volume": 150646, "typical_volume": 737550.8, "trend": 1.560633, "fair_value": 2.430344, "relative_strength": -20.107199, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -12.965055, "energy": 24.934809, "activity_lines": [ 1.544, 1.459455, 1.3506, 1.404378 ] }, { "date": "2026-05-15", "close": 1.11, "volume": 120615, "typical_volume": 735090.75, "trend": 1.5393, "fair_value": 2.367395, "relative_strength": -29.218059, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -41.390265, "energy": 19.771094, "activity_lines": [ 1.368, 1.412909, 1.332367, 1.375305 ] }, { "date": "2026-05-22", "close": 1.16, "volume": 104083, "typical_volume": 732671.0, "trend": 1.498633, "fair_value": 2.305023, "relative_strength": -26.641022, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.816677, "energy": 28.451104, "activity_lines": [ 1.257333, 1.374727, 1.320943, 1.350834 ] }, { "date": "2026-05-29", "close": 1.09, "volume": 140050, "typical_volume": 709457.85, "trend": 1.4543, "fair_value": 2.242203, "relative_strength": -32.727779, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.825032, "energy": 37.715409, "activity_lines": [ 1.171333, 1.325636, 1.303948, 1.324471 ] }, { "date": "2026-06-05", "close": 1.14, "volume": 298568, "typical_volume": 699555.95, "trend": 1.394633, "fair_value": 2.179703, "relative_strength": -26.064414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.49916, "energy": 38.692513, "activity_lines": [ 1.134667, 1.284727, 1.292238, 1.304194 ] }, { "date": "2026-06-12", "close": 1.06, "volume": 185971, "typical_volume": 696792.9, "trend": 1.3543, "fair_value": 2.116947, "relative_strength": -32.591625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.607289, "energy": 51.296902, "activity_lines": [ 1.104, 1.227636, 1.272214, 1.282604 ] }, { "date": "2026-06-19", "close": 0.95, "volume": 143716, "typical_volume": 683820.1, "trend": 1.3353, "fair_value": 2.053998, "relative_strength": -40.844645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.417735, "energy": 55.505554, "activity_lines": [ 1.05, 1.150364, 1.241476, 1.25652 ] }, { "date": "2026-06-26", "close": 0.9828, "volume": 205342, "typical_volume": 360539.65, "trend": 1.297727, "fair_value": 1.990811, "relative_strength": -35.792739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.329424, "energy": 49.63977, "activity_lines": [ 1.0176, 1.095236, 1.214671, 1.233778 ] }, { "date": "2026-07-03", "close": 0.9825, "volume": 242313, "typical_volume": 338048.65, "trend": 1.264143, "fair_value": 1.927237, "relative_strength": -36.241608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.756244, "energy": 46.877634, "activity_lines": [ 0.996913, 1.056367, 1.190063, 1.213441 ] }, { "date": "2026-07-10", "close": 0.9269, "volume": 186455, "typical_volume": 337770.5, "trend": 1.237373, "fair_value": 1.862345, "relative_strength": -40.75358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.575021, "energy": 59.77127, "activity_lines": [ 0.96486, 1.018253, 1.161504, 1.191684 ] }, { "date": "2026-07-17", "close": 0.84, "volume": 359138, "typical_volume": 345371.8, "trend": 1.20904, "fair_value": 1.797858, "relative_strength": -43.818524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.697752, "energy": 63.158623, "activity_lines": [ 0.918047, 0.977122, 1.125875, 1.166047 ] }, { "date": "2026-07-24", "close": 0.78, "volume": 203514, "typical_volume": 347466.25, "trend": 1.183707, "fair_value": 1.738371, "relative_strength": -46.760114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.047245, "energy": 71.665537, "activity_lines": [ 0.8659, 0.932718, 1.08634, 1.138367 ] }, { "date": "2026-07-31", "close": 0.7137, "volume": 90163, "typical_volume": 340149.9, "trend": 1.161163, "fair_value": 1.683587, "relative_strength": -51.328013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.44058, "energy": 80.362275, "activity_lines": [ 0.802987, 0.88226, 1.041873, 1.108044 ] }, { "date": "2026-08-07", "close": 0.72255, "volume": 170241, "typical_volume": 329793.2, "trend": 1.145248, "fair_value": 1.636039, "relative_strength": -52.926307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.217465, "energy": 83.614278, "activity_lines": [ 0.760963, 0.841525, 1.00085, 1.079746 ] } ], "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." } } }