{ "ticker": { "uuid": "706b53e3-f7e6-42bf-9049-cac85a99f405", "symbol": "AQN", "name": "Algonquin Power & Utilities Corp.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 86.361, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -48.569, "architecture_energy": 20.557, "architecture_maturity": 47.673, "architecture_confidence": 83.682, "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": 36.68, "rotation_up": 26.6, "upward_expansion": 19.47, "deceleration": 42.26, "rotation_down": 38.39, "downward_expansion": 60.47 }, "activity_lines": [ 8.192667, 8.190841, 8.226889, 8.329686 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 7.99, "trend_reference": 8.484484, "distance_from_trend": -0.058281, "trend_direction": "Weakening", "fair_value": 7.506588, "distance_from_fair_value": 0.064398, "fair_value_direction": "Weakening", "relative_strength": -14.186977, "relative_strength_direction": "Weakening", "price_momentum": -0.092741, "excess_performance": -0.213163, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.058281, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.004174, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.064398, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.021058, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.14187, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.0431, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.092741, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.059432, "read": "Demand-led" } ], "volume": { "latest": 10956100, "relative_activity": 1.182768, "balance": 1.059432, "dry_up": 1.303351, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.04445, "annualized_volatility": 0.2898, "from_high_reference": -0.166708, "from_low_reference": 0.123987 }, "levels": { "trend_reference": 8.484484, "fair_value_reference": 7.506588, "structural_low": 7.75, "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": 26, "median_return": -0.000968, "positive_rate": 0.423077, "directional_follow_through": 0.576923, "median_excess_return": -0.031481, "regime_survival": 0.769231, "best_return": 0.112164, "worst_return": -0.314592, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.03589, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.025779, "regime_survival": 0.5, "best_return": 0.200976, "worst_return": -0.33101, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.013182, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.076981, "regime_survival": 0.333333, "best_return": 0.139877, "worst_return": -0.433184, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.120376, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.231121, "regime_survival": 0.25, "best_return": 0.164959, "worst_return": -0.3539, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2024-06-21", "tenure": "Developing", "return": -0.063095, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-08-16", "tenure": "Developing", "return": -0.089552, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": 0.006887, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2025-02-14", "tenure": "Established", "return": -0.004878, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.018466, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": 0.03333, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-08-29", "tenure": "Established", "return": 0.077847, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-10-17", "tenure": "Developing", "return": 0.080715, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": 0.004963, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": -0.002438, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-04-03", "tenure": "Established", "return": -0.016694, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-15", "tenure": "Developing", "return": -0.112547, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": 0.014545, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.029143, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.366985, "volume": 12999700, "typical_volume": 14469775.0, "trend": 9.184684, "fair_value": 12.994056, "relative_strength": -14.071075, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.757207, "energy": 58.522815, "activity_lines": [ 8.725325, 8.927246, 9.193616, 9.25404 ] }, { "date": "2023-08-25", "close": 8.632739, "volume": 13164800, "typical_volume": 14230795.0, "trend": 9.201945, "fair_value": 12.964921, "relative_strength": -10.33967, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.22699, "energy": 58.439468, "activity_lines": [ 8.634454, 8.851895, 9.121161, 9.21843 ] }, { "date": "2023-09-01", "close": 8.898496, "volume": 11908600, "typical_volume": 14039280.0, "trend": 9.223335, "fair_value": 12.938053, "relative_strength": -9.649212, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.766515, "energy": 62.710626, "activity_lines": [ 8.683033, 8.838641, 9.079638, 9.198853 ] }, { "date": "2023-09-08", "close": 8.315548, "volume": 7209400, "typical_volume": 12843020.0, "trend": 9.224457, "fair_value": 12.905243, "relative_strength": -12.500971, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.063581, "energy": 62.867462, "activity_lines": [ 8.560729, 8.720805, 8.986712, 9.140286 ] }, { "date": "2023-09-15", "close": 8.341267, "volume": 15543100, "typical_volume": 12931125.0, "trend": 9.208905, "fair_value": 12.871614, "relative_strength": -13.441568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.050479, "energy": 52.991382, "activity_lines": [ 8.486432, 8.627129, 8.9022, 9.083306 ] }, { "date": "2023-09-22", "close": 7.946923, "volume": 11182300, "typical_volume": 12894370.0, "trend": 9.177425, "fair_value": 12.833392, "relative_strength": -12.830144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.488046, "energy": 65.104176, "activity_lines": [ 8.298404, 8.473287, 8.78682, 9.001888 ] }, { "date": "2023-09-29", "close": 7.007834, "volume": 17066200, "typical_volume": 13251770.0, "trend": 9.114921, "fair_value": 12.785241, "relative_strength": -21.186949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.550689, "energy": 90.0033, "activity_lines": [ 7.82535, 8.171771, 8.591697, 8.861914 ] }, { "date": "2023-10-06", "close": 6.885808, "volume": 27065200, "typical_volume": 14118150.0, "trend": 9.059759, "fair_value": 12.73185, "relative_strength": -20.408675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.720155, "energy": 93.995679, "activity_lines": [ 7.419948, 7.891484, 8.398554, 8.7181 ] }, { "date": "2023-10-13", "close": 6.824793, "volume": 7950600, "typical_volume": 14174635.0, "trend": 8.983361, "fair_value": 12.67731, "relative_strength": -21.046149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.965909, "energy": 93.29249, "activity_lines": [ 7.128387, 7.643089, 8.212897, 8.573909 ] }, { "date": "2023-10-20", "close": 5.996754, "volume": 25385300, "typical_volume": 14849340.0, "trend": 8.877135, "fair_value": 12.617793, "relative_strength": -28.422789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.898066, "energy": 97.15129, "activity_lines": [ 6.660197, 7.282, 7.961321, 8.381225 ] }, { "date": "2023-10-27", "close": 6.083915, "volume": 14184800, "typical_volume": 15076900.0, "trend": 8.760148, "fair_value": 12.561017, "relative_strength": -24.93426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.458323, "energy": 93.399501, "activity_lines": [ 6.377361, 6.984218, 7.735577, 8.201017 ] }, { "date": "2023-11-03", "close": 6.850943, "volume": 17419400, "typical_volume": 14945390.0, "trend": 8.661397, "fair_value": 12.506075, "relative_strength": -19.114732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.018005, "energy": 83.239896, "activity_lines": [ 6.474402, 6.867406, 7.600402, 8.077842 ] }, { "date": "2023-11-10", "close": 6.737632, "volume": 12078200, "typical_volume": 14780235.0, "trend": 8.560561, "fair_value": 12.450217, "relative_strength": -19.197772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.165787, "energy": 66.10823, "activity_lines": [ 6.544132, 6.762389, 7.466528, 7.953728 ] }, { "date": "2023-11-17", "close": 7.129861, "volume": 16138500, "typical_volume": 14718020.0, "trend": 8.479285, "fair_value": 12.400193, "relative_strength": -16.459562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.668594, "energy": 56.19164, "activity_lines": [ 6.754483, 6.767974, 7.380667, 7.861425 ] }, { "date": "2023-11-24", "close": 7.112429, "volume": 9208100, "typical_volume": 14491395.0, "trend": 8.391507, "fair_value": 12.348871, "relative_strength": -16.156309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.849781, "energy": 38.895678, "activity_lines": [ 6.938686, 6.791948, 7.303896, 7.773241 ] }, { "date": "2023-12-01", "close": 7.417496, "volume": 13265200, "typical_volume": 14512370.0, "trend": 8.306001, "fair_value": 12.299173, "relative_strength": -13.896972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.552542, "energy": 27.021738, "activity_lines": [ 7.150199, 6.893731, 7.265051, 7.710402 ] }, { "date": "2023-12-08", "close": 7.173441, "volume": 12351600, "typical_volume": 14154025.0, "trend": 8.216308, "fair_value": 12.248622, "relative_strength": -16.059328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.827737, "energy": 27.406474, "activity_lines": [ 7.191455, 6.960766, 7.211525, 7.637333 ] }, { "date": "2023-12-15", "close": 7.556956, "volume": 26923800, "typical_volume": 15003425.0, "trend": 8.145603, "fair_value": 12.200245, "relative_strength": -12.323538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.611598, "energy": 24.461526, "activity_lines": [ 7.33905, 7.094521, 7.205107, 7.594794 ] }, { "date": "2023-12-22", "close": 7.434928, "volume": 15960500, "typical_volume": 15015710.0, "trend": 8.075342, "fair_value": 12.149236, "relative_strength": -15.093799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.210814, "energy": 22.173945, "activity_lines": [ 7.391347, 7.193886, 7.195129, 7.548944 ] }, { "date": "2023-12-29", "close": 7.410993, "volume": 5584200, "typical_volume": 14629475.0, "trend": 7.999771, "fair_value": 12.096473, "relative_strength": -15.577245, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.257989, "energy": 17.07218, "activity_lines": [ 7.415328, 7.277805, 7.189882, 7.506083 ] }, { "date": "2024-01-05", "close": 7.712397, "volume": 7316200, "typical_volume": 14345300.0, "trend": 7.931427, "fair_value": 12.041478, "relative_strength": -11.900109, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.90562, "energy": 16.284549, "activity_lines": [ 7.519873, 7.390812, 7.219035, 7.487543 ] }, { "date": "2024-01-12", "close": 7.588291, "volume": 11131900, "typical_volume": 14243655.0, "trend": 7.871354, "fair_value": 11.987076, "relative_strength": -13.516478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.886085, "energy": 15.221529, "activity_lines": [ 7.563389, 7.451645, 7.239486, 7.465405 ] }, { "date": "2024-01-19", "close": 7.09186, "volume": 11521400, "typical_volume": 14224295.0, "trend": 7.808551, "fair_value": 11.927337, "relative_strength": -18.65577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.548101, "energy": 12.352817, "activity_lines": [ 7.413771, 7.408812, 7.217631, 7.415115 ] }, { "date": "2024-01-26", "close": 7.171643, "volume": 9892700, "typical_volume": 14358460.0, "trend": 7.734701, "fair_value": 11.871317, "relative_strength": -18.395941, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.826933, "energy": 14.616678, "activity_lines": [ 7.321754, 7.374044, 7.211978, 7.374024 ] }, { "date": "2024-02-02", "close": 7.12732, "volume": 9509200, "typical_volume": 14056765.0, "trend": 7.673091, "fair_value": 11.809939, "relative_strength": -18.520666, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.773635, "energy": 24.442998, "activity_lines": [ 7.232515, 7.330458, 7.20755, 7.334838 ] }, { "date": "2024-02-09", "close": 6.896834, "volume": 9674000, "typical_volume": 13981350.0, "trend": 7.595795, "fair_value": 11.746558, "relative_strength": -20.60163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.62858, "energy": 36.8897, "activity_lines": [ 7.085359, 7.244695, 7.186953, 7.284757 ] }, { "date": "2024-02-16", "close": 7.198236, "volume": 12130300, "typical_volume": 13734555.0, "trend": 7.522546, "fair_value": 11.688363, "relative_strength": -17.743927, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.868921, "energy": 29.469321, "activity_lines": [ 7.093041, 7.223199, 7.20006, 7.259108 ] }, { "date": "2024-02-23", "close": 7.145049, "volume": 8917000, "typical_volume": 12827145.0, "trend": 7.452382, "fair_value": 11.63983, "relative_strength": -18.549076, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.062892, "energy": 29.526693, "activity_lines": [ 7.108998, 7.191581, 7.207196, 7.234754 ] }, { "date": "2024-03-01", "close": 7.065265, "volume": 60118400, "typical_volume": 15435535.0, "trend": 7.390989, "fair_value": 11.593082, "relative_strength": -19.587032, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.848344, "energy": 28.575489, "activity_lines": [ 7.094814, 7.152946, 7.205498, 7.209778 ] }, { "date": "2024-03-08", "close": 7.659209, "volume": 12937100, "typical_volume": 14813125.0, "trend": 7.359395, "fair_value": 11.547462, "relative_strength": -13.243846, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.248637, "energy": 4.91998, "activity_lines": [ 7.285704, 7.229023, 7.259222, 7.227083 ] }, { "date": "2024-03-15", "close": 7.224832, "volume": 18597800, "typical_volume": 15033775.0, "trend": 7.321323, "fair_value": 11.500302, "relative_strength": -18.040797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.624203, "energy": 11.488937, "activity_lines": [ 7.296342, 7.221609, 7.26366, 7.218401 ] }, { "date": "2024-03-22", "close": 7.375534, "volume": 12938900, "typical_volume": 14809750.0, "trend": 7.279416, "fair_value": 11.451955, "relative_strength": -16.304394, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.1875, "energy": 11.029514, "activity_lines": [ 7.335347, 7.250459, 7.277017, 7.221899 ] }, { "date": "2024-03-29", "close": 7.727153, "volume": 9001000, "typical_volume": 14655890.0, "trend": 7.240371, "fair_value": 11.404679, "relative_strength": -12.497523, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.150271, "energy": 45.361518, "activity_lines": [ 7.479739, 7.347109, 7.321364, 7.250785 ] }, { "date": "2024-04-05", "close": 7.582719, "volume": 8420400, "typical_volume": 14269985.0, "trend": 7.215944, "fair_value": 11.35382, "relative_strength": -13.904784, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.688664, "energy": 47.217907, "activity_lines": [ 7.537179, 7.405948, 7.347243, 7.272872 ] }, { "date": "2024-04-12", "close": 7.384124, "volume": 8838900, "typical_volume": 14251525.0, "trend": 7.184039, "fair_value": 11.303718, "relative_strength": -14.192264, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.917463, "energy": 41.599791, "activity_lines": [ 7.493924, 7.421204, 7.352052, 7.283722 ] }, { "date": "2024-04-19", "close": 7.375098, "volume": 7720800, "typical_volume": 13974305.0, "trend": 7.164978, "fair_value": 11.253461, "relative_strength": -13.406937, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.735421, "energy": 34.07981, "activity_lines": [ 7.465999, 7.43015, 7.354708, 7.296049 ] }, { "date": "2024-04-26", "close": 7.555638, "volume": 7235000, "typical_volume": 13718475.0, "trend": 7.183238, "fair_value": 11.206053, "relative_strength": -11.380493, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.217616, "energy": 25.957632, "activity_lines": [ 7.488236, 7.463226, 7.37476, 7.321253 ] }, { "date": "2024-05-03", "close": 8.070179, "volume": 10910000, "typical_volume": 12917785.0, "trend": 7.222717, "fair_value": 11.164553, "relative_strength": -4.692963, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.898293, "energy": 40.647687, "activity_lines": [ 7.669981, 7.583356, 7.441995, 7.378475 ] }, { "date": "2024-05-10", "close": 8.106287, "volume": 13714300, "typical_volume": 12805475.0, "trend": 7.265434, "fair_value": 11.12662, "relative_strength": -5.252471, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.00264, "energy": 59.454991, "activity_lines": [ 7.840892, 7.693231, 7.510226, 7.435479 ] }, { "date": "2024-05-17", "close": 8.178504, "volume": 9710600, "typical_volume": 13011795.0, "trend": 7.338159, "fair_value": 11.089005, "relative_strength": -4.540543, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.015213, "energy": 70.6061, "activity_lines": [ 8.000972, 7.797308, 7.582138, 7.494387 ] }, { "date": "2024-05-24", "close": 8.061152, "volume": 5846200, "typical_volume": 12938295.0, "trend": 7.404067, "fair_value": 11.051507, "relative_strength": -4.734793, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.624134, "energy": 69.655301, "activity_lines": [ 8.068976, 7.870608, 7.639218, 7.541032 ] }, { "date": "2024-05-31", "close": 7.736179, "volume": 10185200, "typical_volume": 12890960.0, "trend": 7.433575, "fair_value": 11.010186, "relative_strength": -7.726398, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.2044, "energy": 53.910843, "activity_lines": [ 7.982918, 7.869615, 7.663688, 7.562458 ] }, { "date": "2024-06-07", "close": 7.375098, "volume": 12495600, "typical_volume": 12939670.0, "trend": 7.454823, "fair_value": 10.963409, "relative_strength": -10.272109, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.920461, "energy": 19.831915, "activity_lines": [ 7.764464, 7.796414, 7.653065, 7.558686 ] }, { "date": "2024-06-14", "close": 7.140393, "volume": 13831100, "typical_volume": 13136590.0, "trend": 7.455175, "fair_value": 10.918607, "relative_strength": -11.008563, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 5.766706, "energy": 14.136728, "activity_lines": [ 7.514113, 7.68694, 7.61874, 7.5384 ] }, { "date": "2024-06-21", "close": 7.104286, "volume": 14805400, "typical_volume": 13401400.0, "trend": 7.454903, "fair_value": 10.873043, "relative_strength": -10.496931, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -26.443088, "energy": 31.532396, "activity_lines": [ 7.31612, 7.578944, 7.581125, 7.515762 ] }, { "date": "2024-06-28", "close": 7.392232, "volume": 15503600, "typical_volume": 13692880.0, "trend": 7.454061, "fair_value": 10.829772, "relative_strength": -7.618741, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.051295, "energy": 30.054997, "activity_lines": [ 7.285724, 7.52839, 7.571044, 7.511718 ] }, { "date": "2024-07-05", "close": 7.520953, "volume": 7139700, "typical_volume": 13443350.0, "trend": 7.465645, "fair_value": 10.786251, "relative_strength": -6.240284, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.625951, "energy": 24.435134, "activity_lines": [ 7.342829, 7.500928, 7.570862, 7.516034 ] }, { "date": "2024-07-12", "close": 7.888725, "volume": 14484200, "typical_volume": 13721710.0, "trend": 7.476704, "fair_value": 10.743035, "relative_strength": -3.776848, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.711813, "energy": 13.524824, "activity_lines": [ 7.536873, 7.540964, 7.60417, 7.54333 ] }, { "date": "2024-07-19", "close": 7.465786, "volume": 13064000, "typical_volume": 11368990.0, "trend": 7.477732, "fair_value": 10.69613, "relative_strength": -8.378602, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.193501, "energy": 13.179754, "activity_lines": [ 7.555696, 7.507401, 7.593656, 7.542625 ] }, { "date": "2024-07-26", "close": 7.888725, "volume": 7438100, "typical_volume": 11094040.0, "trend": 7.493657, "fair_value": 10.649542, "relative_strength": -3.171556, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.138237, "energy": 26.884142, "activity_lines": [ 7.693805, 7.562382, 7.621515, 7.569141 ] }, { "date": "2024-08-02", "close": 7.851948, "volume": 8971500, "typical_volume": 10612725.0, "trend": 7.498308, "fair_value": 10.60218, "relative_strength": -0.611753, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.568843, "energy": 30.905175, "activity_lines": [ 7.76736, 7.615944, 7.644779, 7.592256 ] }, { "date": "2024-08-09", "close": 6.822184, "volume": 18578900, "typical_volume": 10894725.0, "trend": 7.472771, "fair_value": 10.550417, "relative_strength": -13.426958, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.26925, "energy": 16.320926, "activity_lines": [ 7.467012, 7.486081, 7.566984, 7.548635 ] }, { "date": "2024-08-16", "close": 6.730241, "volume": 24301400, "typical_volume": 11659745.0, "trend": 7.460718, "fair_value": 10.495473, "relative_strength": -16.7569, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.538582, "energy": 45.214667, "activity_lines": [ 7.182601, 7.356119, 7.483067, 7.50073 ] }, { "date": "2024-08-23", "close": 6.675076, "volume": 9627800, "typical_volume": 11720115.0, "trend": 7.444165, "fair_value": 10.442083, "relative_strength": -17.588646, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.276769, "energy": 60.10995, "activity_lines": [ 6.957034, 7.227851, 7.398643, 7.450044 ] }, { "date": "2024-08-30", "close": 6.721047, "volume": 12797700, "typical_volume": 11918055.0, "trend": 7.430623, "fair_value": 10.389329, "relative_strength": -16.564773, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.188413, "energy": 74.105563, "activity_lines": [ 6.799505, 7.116403, 7.32292, 7.403391 ] }, { "date": "2024-09-06", "close": 6.509577, "volume": 9894700, "typical_volume": 12026750.0, "trend": 7.417714, "fair_value": 10.335904, "relative_strength": -16.589184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.01409, "energy": 79.317148, "activity_lines": [ 6.649331, 6.973473, 7.230214, 7.343969 ] }, { "date": "2024-09-13", "close": 6.87735, "volume": 15058100, "typical_volume": 12417905.0, "trend": 7.407018, "fair_value": 10.284543, "relative_strength": -14.278192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.611055, "energy": 71.145794, "activity_lines": [ 6.711239, 6.913459, 7.176656, 7.309106 ] }, { "date": "2024-09-20", "close": 6.932516, "volume": 30961500, "typical_volume": 13420480.0, "trend": 7.399934, "fair_value": 10.235295, "relative_strength": -14.132051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.518177, "energy": 49.471229, "activity_lines": [ 6.787859, 6.875177, 7.131582, 7.278493 ] }, { "date": "2024-09-27", "close": 6.942192, "volume": 16647800, "typical_volume": 13567155.0, "trend": 7.395831, "fair_value": 10.188111, "relative_strength": -13.996511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.880903, "energy": 36.819634, "activity_lines": [ 6.854218, 6.85604, 7.092847, 7.248962 ] }, { "date": "2024-10-04", "close": 6.644404, "volume": 14229700, "typical_volume": 13793110.0, "trend": 7.362004, "fair_value": 10.141242, "relative_strength": -17.999957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.253018, "energy": 32.740263, "activity_lines": [ 6.803508, 6.79228, 7.031294, 7.200482 ] }, { "date": "2024-10-11", "close": 6.411756, "volume": 18980300, "typical_volume": 14449815.0, "trend": 7.334902, "fair_value": 10.090361, "relative_strength": -21.469137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.242133, "energy": 44.615541, "activity_lines": [ 6.680357, 6.708844, 6.954889, 7.139176 ] }, { "date": "2024-10-18", "close": 6.644404, "volume": 11446600, "typical_volume": 14512885.0, "trend": 7.310531, "fair_value": 10.040477, "relative_strength": -19.557975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.636906, "energy": 41.723824, "activity_lines": [ 6.641277, 6.693893, 6.908496, 7.094628 ] }, { "date": "2024-10-25", "close": 6.411756, "volume": 11823300, "typical_volume": 14479270.0, "trend": 7.266684, "fair_value": 9.993402, "relative_strength": -20.950086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.531528, "energy": 62.374824, "activity_lines": [ 6.540178, 6.639875, 6.845145, 7.036642 ] }, { "date": "2024-11-01", "close": 6.17911, "volume": 12088000, "typical_volume": 14392115.0, "trend": 7.219897, "fair_value": 9.945182, "relative_strength": -22.756599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.693266, "energy": 70.788713, "activity_lines": [ 6.396247, 6.549348, 6.764224, 6.966476 ] }, { "date": "2024-11-08", "close": 6.207027, "volume": 13747000, "typical_volume": 14339195.0, "trend": 7.180661, "fair_value": 9.896893, "relative_strength": -23.577255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.56611, "energy": 76.138511, "activity_lines": [ 6.312494, 6.472914, 6.69054, 6.90113 ] }, { "date": "2024-11-15", "close": 6.300086, "volume": 10697000, "typical_volume": 14098865.0, "trend": 7.144827, "fair_value": 9.848509, "relative_strength": -22.384387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.389888, "energy": 73.392152, "activity_lines": [ 6.288919, 6.422746, 6.629991, 6.844319 ] }, { "date": "2024-11-22", "close": 6.188416, "volume": 12191800, "typical_volume": 14351470.0, "trend": 7.099253, "fair_value": 9.801238, "relative_strength": -24.929367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.992577, "energy": 73.249986, "activity_lines": [ 6.235565, 6.356084, 6.564007, 6.782615 ] }, { "date": "2024-11-29", "close": 6.467592, "volume": 11455800, "typical_volume": 14200050.0, "trend": 7.045833, "fair_value": 9.756844, "relative_strength": -21.651983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.329723, "energy": 48.016505, "activity_lines": [ 6.30567, 6.352707, 6.530957, 6.741862 ] }, { "date": "2024-12-06", "close": 6.17911, "volume": 15743700, "typical_volume": 14334035.0, "trend": 6.981594, "fair_value": 9.709216, "relative_strength": -24.769394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.05718, "energy": 47.2364, "activity_lines": [ 6.275891, 6.305331, 6.4772, 6.685945 ] }, { "date": "2024-12-13", "close": 5.909239, "volume": 19238800, "typical_volume": 14924070.0, "trend": 6.905952, "fair_value": 9.658376, "relative_strength": -26.270988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.372726, "energy": 52.650873, "activity_lines": [ 6.156155, 6.222763, 6.403868, 6.61676 ] }, { "date": "2024-12-20", "close": 5.881321, "volume": 21508800, "typical_volume": 15550935.0, "trend": 6.833291, "fair_value": 9.605578, "relative_strength": -24.067731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.177518, "energy": 52.57615, "activity_lines": [ 6.046966, 6.148485, 6.337303, 6.550655 ] }, { "date": "2024-12-27", "close": 5.983686, "volume": 7434800, "typical_volume": 14993730.0, "trend": 6.774875, "fair_value": 9.552556, "relative_strength": -22.830308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.215321, "energy": 55.230679, "activity_lines": [ 5.999816, 6.102463, 6.289871, 6.495842 ] }, { "date": "2025-01-03", "close": 6.194537, "volume": 9987900, "typical_volume": 14278055.0, "trend": 6.735523, "fair_value": 9.502636, "relative_strength": -20.400145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.882085, "energy": 47.179028, "activity_lines": [ 6.036599, 6.106791, 6.266514, 6.458401 ] }, { "date": "2025-01-10", "close": 5.835706, "volume": 10590100, "typical_volume": 14326170.0, "trend": 6.692033, "fair_value": 9.453217, "relative_strength": -23.488412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.352613, "energy": 48.933086, "activity_lines": [ 5.971974, 6.049826, 6.211532, 6.400348 ] }, { "date": "2025-01-17", "close": 6.024565, "volume": 10523100, "typical_volume": 14212440.0, "trend": 6.656042, "fair_value": 9.403708, "relative_strength": -21.473283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.120989, "energy": 38.380613, "activity_lines": [ 5.993197, 6.033443, 6.178534, 6.357286 ] }, { "date": "2025-01-24", "close": 5.97735, "volume": 8842800, "typical_volume": 14159845.0, "trend": 6.60888, "fair_value": 9.352697, "relative_strength": -22.805921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.889438, "energy": 36.181927, "activity_lines": [ 5.990993, 6.011793, 6.144357, 6.313499 ] }, { "date": "2025-01-31", "close": 6.10955, "volume": 13339200, "typical_volume": 14073900.0, "trend": 6.561833, "fair_value": 9.302332, "relative_strength": -20.8036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.975606, "energy": 29.797918, "activity_lines": [ 6.026453, 6.020047, 6.125304, 6.281284 ] }, { "date": "2025-02-07", "close": 6.015122, "volume": 10604500, "typical_volume": 13056050.0, "trend": 6.499379, "fair_value": 9.251763, "relative_strength": -21.291048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.392807, "energy": 24.858102, "activity_lines": [ 6.022046, 6.012566, 6.100914, 6.246013 ] }, { "date": "2025-02-14", "close": 6.477823, "volume": 11874400, "typical_volume": 12817380.0, "trend": 6.466447, "fair_value": 9.204509, "relative_strength": -14.910494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.655552, "energy": 10.729072, "activity_lines": [ 6.183835, 6.09744, 6.124959, 6.244622 ] }, { "date": "2025-02-21", "close": 6.647795, "volume": 8396100, "typical_volume": 12525700.0, "trend": 6.425083, "fair_value": 9.156645, "relative_strength": -11.113763, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.772142, "energy": 17.098046, "activity_lines": [ 6.359472, 6.207786, 6.167404, 6.256322 ] }, { "date": "2025-02-28", "close": 6.525038, "volume": 12508100, "typical_volume": 12202090.0, "trend": 6.380853, "fair_value": 9.104942, "relative_strength": -13.204334, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.748287, "energy": 26.135755, "activity_lines": [ 6.452642, 6.282385, 6.198141, 6.262771 ] }, { "date": "2025-03-07", "close": 6.487266, "volume": 17150900, "typical_volume": 12487305.0, "trend": 6.369689, "fair_value": 9.050347, "relative_strength": -10.972228, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.092022, "energy": 27.455876, "activity_lines": [ 6.496709, 6.338412, 6.224741, 6.269636 ] }, { "date": "2025-03-14", "close": 6.883868, "volume": 17096600, "typical_volume": 12750970.0, "trend": 6.374809, "fair_value": 8.998294, "relative_strength": -4.425029, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.788466, "energy": 52.366319, "activity_lines": [ 6.647795, 6.457392, 6.289861, 6.302809 ] }, { "date": "2025-03-21", "close": 6.931082, "volume": 11522900, "typical_volume": 12722715.0, "trend": 6.383343, "fair_value": 8.946494, "relative_strength": -5.00877, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.138849, "energy": 58.963424, "activity_lines": [ 6.756703, 6.572424, 6.35723, 6.338697 ] }, { "date": "2025-03-28", "close": 7.006625, "volume": 10789700, "typical_volume": 12574850.0, "trend": 6.392862, "fair_value": 8.892746, "relative_strength": -2.741849, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.11857, "energy": 61.949726, "activity_lines": [ 6.860575, 6.681275, 6.428213, 6.378909 ] }, { "date": "2025-04-04", "close": 6.588732, "volume": 17638700, "typical_volume": 12921935.0, "trend": 6.395501, "fair_value": 8.834145, "relative_strength": -2.002715, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.022753, "energy": 49.753478, "activity_lines": [ 6.801227, 6.696289, 6.455588, 6.391546 ] }, { "date": "2025-04-11", "close": 6.703486, "volume": 16237300, "typical_volume": 13124210.0, "trend": 6.389705, "fair_value": 8.777342, "relative_strength": -1.616811, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.609992, "energy": 38.618419, "activity_lines": [ 6.775884, 6.721052, 6.492518, 6.411416 ] }, { "date": "2025-04-18", "close": 7.143372, "volume": 7000000, "typical_volume": 12901420.0, "trend": 6.396734, "fair_value": 8.725129, "relative_strength": 2.510318, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.743823, "energy": 44.541207, "activity_lines": [ 6.882755, 6.814995, 6.568889, 6.460039 ] }, { "date": "2025-04-25", "close": 6.990368, "volume": 7506000, "typical_volume": 12489535.0, "trend": 6.39834, "fair_value": 8.675879, "relative_strength": -1.385187, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.804983, "energy": 38.383891, "activity_lines": [ 6.921325, 6.860606, 6.627471, 6.498338 ] }, { "date": "2025-05-02", "close": 7.124247, "volume": 9492200, "typical_volume": 12002205.0, "trend": 6.414334, "fair_value": 8.631583, "relative_strength": -0.229598, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.230977, "energy": 46.75311, "activity_lines": [ 7.000568, 6.92124, 6.694939, 6.545171 ] }, { "date": "2025-05-09", "close": 7.984895, "volume": 12409000, "typical_volume": 11547215.0, "trend": 6.466772, "fair_value": 8.590731, "relative_strength": 10.746635, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.462993, "energy": 80.287763, "activity_lines": [ 7.358853, 7.129692, 6.838589, 6.646498 ] }, { "date": "2025-05-16", "close": 7.468505, "volume": 8232400, "typical_volume": 11587095.0, "trend": 6.494242, "fair_value": 8.545002, "relative_strength": 1.660831, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.804235, "energy": 71.385256, "activity_lines": [ 7.45193, 7.217712, 6.923041, 6.711126 ] }, { "date": "2025-05-23", "close": 7.296376, "volume": 5818900, "typical_volume": 11378645.0, "trend": 6.52373, "fair_value": 8.498371, "relative_strength": 0.2102, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.235094, "energy": 66.346377, "activity_lines": [ 7.43663, 7.256595, 6.984029, 6.762876 ] }, { "date": "2025-05-30", "close": 7.191186, "volume": 7218900, "typical_volume": 11210085.0, "trend": 6.557466, "fair_value": 8.451318, "relative_strength": -1.860563, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.131112, "energy": 50.578181, "activity_lines": [ 7.376066, 7.268853, 7.029753, 6.805938 ] }, { "date": "2025-06-06", "close": 7.669324, "volume": 21793700, "typical_volume": 11773615.0, "trend": 6.606209, "fair_value": 8.408848, "relative_strength": 3.979788, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.491268, "energy": 44.009711, "activity_lines": [ 7.461493, 7.363316, 7.114559, 6.877671 ] }, { "date": "2025-06-13", "close": 7.592821, "volume": 10765300, "typical_volume": 11869740.0, "trend": 6.6493, "fair_value": 8.372158, "relative_strength": 2.958739, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.26268, "energy": 41.782702, "activity_lines": [ 7.485081, 7.43182, 7.184247, 6.941323 ] }, { "date": "2025-06-20", "close": 7.497194, "volume": 6883600, "typical_volume": 11546960.0, "trend": 6.692926, "fair_value": 8.329899, "relative_strength": 2.017067, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.335067, "energy": 38.748292, "activity_lines": [ 7.502932, 7.464681, 7.237134, 6.996026 ] }, { "date": "2025-06-27", "close": 7.487631, "volume": 8508000, "typical_volume": 11442135.0, "trend": 6.726927, "fair_value": 8.289249, "relative_strength": 1.547926, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.882492, "energy": 38.562792, "activity_lines": [ 7.515682, 7.481372, 7.282503, 7.047297 ] }, { "date": "2025-07-04", "close": 7.6511, "volume": 5254500, "typical_volume": 11111140.0, "trend": 6.775994, "fair_value": 8.248725, "relative_strength": 2.805211, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.991623, "energy": 39.76053, "activity_lines": [ 7.570171, 7.521526, 7.336429, 7.106921 ] }, { "date": "2025-07-11", "close": 7.709136, "volume": 8073300, "typical_volume": 11095000.0, "trend": 6.83599, "fair_value": 8.209239, "relative_strength": 4.146889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.723772, "energy": 41.354027, "activity_lines": [ 7.613345, 7.560218, 7.390295, 7.167124 ] }, { "date": "2025-07-18", "close": 7.854227, "volume": 6315100, "typical_volume": 10785350.0, "trend": 6.901754, "fair_value": 8.171041, "relative_strength": 5.284288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.613871, "energy": 51.34336, "activity_lines": [ 7.702229, 7.614656, 7.452924, 7.232817 ] }, { "date": "2025-07-25", "close": 7.950953, "volume": 8108500, "typical_volume": 10333230.0, "trend": 6.967329, "fair_value": 8.130236, "relative_strength": 6.305129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.011092, "energy": 61.508361, "activity_lines": [ 7.805927, 7.689057, 7.518437, 7.300507 ] }, { "date": "2025-08-01", "close": 7.873572, "volume": 9514400, "typical_volume": 9954120.0, "trend": 7.023297, "fair_value": 8.087397, "relative_strength": 7.587701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.999231, "energy": 56.116463, "activity_lines": [ 7.853582, 7.740616, 7.56961, 7.358974 ] }, { "date": "2025-08-08", "close": 7.554373, "volume": 8360900, "typical_volume": 9796020.0, "trend": 7.080586, "fair_value": 8.04118, "relative_strength": 0.721024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.5995, "energy": 42.011548, "activity_lines": [ 7.769107, 7.723645, 7.58567, 7.393237 ] }, { "date": "2025-08-15", "close": 7.79619, "volume": 12665000, "typical_volume": 9889785.0, "trend": 7.13964, "fair_value": 7.996102, "relative_strength": 3.490731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.101763, "energy": 40.013928, "activity_lines": [ 7.771686, 7.744037, 7.621792, 7.439405 ] }, { "date": "2025-08-22", "close": 7.776845, "volume": 9970700, "typical_volume": 9506385.0, "trend": 7.199623, "fair_value": 7.951311, "relative_strength": 1.764209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.075091, "energy": 34.322852, "activity_lines": [ 7.762013, 7.758605, 7.652312, 7.480515 ] }, { "date": "2025-08-29", "close": 7.699463, "volume": 9367400, "typical_volume": 9162890.0, "trend": 7.252621, "fair_value": 7.908432, "relative_strength": 0.066283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.547129, "energy": 24.535147, "activity_lines": [ 7.731706, 7.755758, 7.669805, 7.512763 ] }, { "date": "2025-09-05", "close": 7.583391, "volume": 6322000, "typical_volume": 9128990.0, "trend": 7.304896, "fair_value": 7.865271, "relative_strength": -2.920213, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.66981, "energy": 24.855565, "activity_lines": [ 7.679473, 7.72813, 7.6715, 7.534103 ] }, { "date": "2025-09-12", "close": 7.486664, "volume": 9526700, "typical_volume": 9230025.0, "trend": 7.338524, "fair_value": 7.823436, "relative_strength": -4.675318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.751494, "energy": 15.602866, "activity_lines": [ 7.614344, 7.681173, 7.661888, 7.54583 ] }, { "date": "2025-09-19", "close": 7.283537, "volume": 22565800, "typical_volume": 9883705.0, "trend": 7.359716, "fair_value": 7.783169, "relative_strength": -8.470846, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.405589, "energy": 18.625532, "activity_lines": [ 7.486019, 7.600274, 7.630568, 7.542282 ] }, { "date": "2025-09-26", "close": 7.254519, "volume": 14499600, "typical_volume": 9988235.0, "trend": 7.384032, "fair_value": 7.751134, "relative_strength": -8.510847, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.89146, "energy": 39.549421, "activity_lines": [ 7.382199, 7.521837, 7.595725, 7.535495 ] }, { "date": "2025-10-03", "close": 7.911529, "volume": 13783900, "typical_volume": 10265810.0, "trend": 7.431507, "fair_value": 7.725134, "relative_strength": -2.443082, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.528805, "energy": 20.630561, "activity_lines": [ 7.532203, 7.573761, 7.626932, 7.569527 ] }, { "date": "2025-10-10", "close": 7.940904, "volume": 8178600, "typical_volume": 10383795.0, "trend": 7.466742, "fair_value": 7.701923, "relative_strength": -0.073399, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.319215, "energy": 20.155536, "activity_lines": [ 7.677862, 7.631742, 7.658828, 7.602392 ] }, { "date": "2025-10-17", "close": 8.195482, "volume": 9298400, "typical_volume": 10487770.0, "trend": 7.508888, "fair_value": 7.679772, "relative_strength": 2.214417, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.718005, "energy": 55.128368, "activity_lines": [ 7.884546, 7.734785, 7.7119, 7.649407 ] }, { "date": "2025-10-24", "close": 7.891946, "volume": 10632800, "typical_volume": 9929725.0, "trend": 7.538399, "fair_value": 7.652605, "relative_strength": -2.349758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.374628, "energy": 45.787603, "activity_lines": [ 7.942796, 7.770984, 7.731281, 7.674121 ] }, { "date": "2025-10-31", "close": 7.666741, "volume": 8031800, "typical_volume": 9793050.0, "trend": 7.574333, "fair_value": 7.624254, "relative_strength": -4.83704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.621132, "energy": 49.300486, "activity_lines": [ 7.885418, 7.764496, 7.728154, 7.682401 ] }, { "date": "2025-11-07", "close": 8.538185, "volume": 13694900, "typical_volume": 10133615.0, "trend": 7.635489, "fair_value": 7.614761, "relative_strength": 6.946024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.628324, "energy": 69.137447, "activity_lines": [ 8.09104, 7.918453, 7.80767, 7.744585 ] }, { "date": "2025-11-14", "close": 8.342355, "volume": 9455000, "typical_volume": 10180965.0, "trend": 7.675455, "fair_value": 7.614734, "relative_strength": 2.90269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.432912, "energy": 56.811194, "activity_lines": [ 8.189607, 8.021556, 7.863578, 7.790189 ] }, { "date": "2025-11-21", "close": 8.215065, "volume": 6045600, "typical_volume": 10220520.0, "trend": 7.716279, "fair_value": 7.6141, "relative_strength": 1.676318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.128178, "energy": 49.309674, "activity_lines": [ 8.218982, 8.087716, 7.903293, 7.825003 ] }, { "date": "2025-11-28", "close": 8.37173, "volume": 7975000, "typical_volume": 10215605.0, "trend": 7.757861, "fair_value": 7.614834, "relative_strength": -0.523851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.268301, "energy": 63.533983, "activity_lines": [ 8.299272, 8.169117, 7.955243, 7.86729 ] }, { "date": "2025-12-05", "close": 7.950695, "volume": 8243000, "typical_volume": 10312000.0, "trend": 7.756721, "fair_value": 7.614899, "relative_strength": -5.402322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.913262, "energy": 35.88887, "activity_lines": [ 8.207232, 8.15418, 7.963939, 7.879731 ] }, { "date": "2025-12-12", "close": 7.931112, "volume": 12191200, "typical_volume": 10516135.0, "trend": 7.772142, "fair_value": 7.616764, "relative_strength": -6.400913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.498831, "energy": 22.199913, "activity_lines": [ 8.089734, 8.123025, 7.970311, 7.890982 ] }, { "date": "2025-12-19", "close": 8.352146, "volume": 35123700, "typical_volume": 11796600.0, "trend": 7.807334, "fair_value": 7.622577, "relative_strength": -2.308279, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.992646, "energy": 25.534851, "activity_lines": [ 8.153053, 8.168066, 8.016876, 7.928401 ] }, { "date": "2025-12-26", "close": 8.322772, "volume": 6399100, "typical_volume": 11698510.0, "trend": 7.845053, "fair_value": 7.628726, "relative_strength": -3.523528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.751226, "energy": 25.544104, "activity_lines": [ 8.205927, 8.200289, 8.058365, 7.961655 ] }, { "date": "2026-01-02", "close": 8.331781, "volume": 6205200, "typical_volume": 11375520.0, "trend": 7.867135, "fair_value": 7.630438, "relative_strength": -3.165036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.423076, "energy": 31.702817, "activity_lines": [ 8.254623, 8.231836, 8.097052, 7.993057 ] }, { "date": "2026-01-09", "close": 8.796857, "volume": 11894100, "typical_volume": 11471690.0, "trend": 7.90727, "fair_value": 7.639037, "relative_strength": -0.289138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.278433, "energy": 60.240097, "activity_lines": [ 8.461009, 8.339945, 8.177482, 8.053039 ] }, { "date": "2026-01-16", "close": 8.905704, "volume": 11789000, "typical_volume": 11592770.0, "trend": 7.95422, "fair_value": 7.644695, "relative_strength": -0.568533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.24908, "energy": 70.504108, "activity_lines": [ 8.647265, 8.447296, 8.263421, 8.117454 ] }, { "date": "2026-01-23", "close": 8.648428, "volume": 9301800, "typical_volume": 11741760.0, "trend": 7.992913, "fair_value": 7.648115, "relative_strength": -3.923922, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.533122, "energy": 66.280867, "activity_lines": [ 8.682791, 8.501188, 8.319114, 8.162242 ] }, { "date": "2026-01-30", "close": 8.846333, "volume": 11869100, "typical_volume": 11858880.0, "trend": 8.032754, "fair_value": 7.651894, "relative_strength": 1.762337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.903508, "energy": 69.682247, "activity_lines": [ 8.764532, 8.585498, 8.388583, 8.217301 ] }, { "date": "2026-02-06", "close": 8.806751, "volume": 11759400, "typical_volume": 11318560.0, "trend": 8.069342, "fair_value": 7.655259, "relative_strength": -0.645336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.159248, "energy": 70.589077, "activity_lines": [ 8.798176, 8.651134, 8.447807, 8.267237 ] }, { "date": "2026-02-13", "close": 9.182771, "volume": 10248600, "typical_volume": 11106010.0, "trend": 8.113626, "fair_value": 7.657662, "relative_strength": 1.541237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.907697, "energy": 73.474437, "activity_lines": [ 8.925495, 8.777227, 8.53559, 8.339071 ] }, { "date": "2026-02-20", "close": 9.054132, "volume": 7615500, "typical_volume": 10797590.0, "trend": 8.150399, "fair_value": 7.658706, "relative_strength": -2.10655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.611157, "energy": 70.505873, "activity_lines": [ 8.984206, 8.85753, 8.601939, 8.399748 ] }, { "date": "2026-02-27", "close": 9.440046, "volume": 13421400, "typical_volume": 11059730.0, "trend": 8.202615, "fair_value": 7.662277, "relative_strength": 0.386327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.744195, "energy": 79.703568, "activity_lines": [ 9.16166, 8.987581, 8.699602, 8.482951 ] }, { "date": "2026-03-06", "close": 8.262515, "volume": 13077700, "typical_volume": 11248695.0, "trend": 8.22622, "fair_value": 7.660494, "relative_strength": -8.720467, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.505816, "energy": 35.485465, "activity_lines": [ 8.89383, 8.883755, 8.677979, 8.486816 ] }, { "date": "2026-03-13", "close": 8.608848, "volume": 13962200, "typical_volume": 11415165.0, "trend": 8.253308, "fair_value": 7.657238, "relative_strength": -3.203332, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.891642, "energy": 23.69739, "activity_lines": [ 8.780365, 8.843994, 8.689021, 8.511502 ] }, { "date": "2026-03-20", "close": 8.480209, "volume": 10318600, "typical_volume": 11529505.0, "trend": 8.276754, "fair_value": 7.65273, "relative_strength": -0.874064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.099592, "energy": 17.650826, "activity_lines": [ 8.637214, 8.775807, 8.684399, 8.52614 ] }, { "date": "2026-03-27", "close": 8.480209, "volume": 12631800, "typical_volume": 11476350.0, "trend": 8.302779, "fair_value": 7.645593, "relative_strength": -2.748356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.786837, "energy": 21.242386, "activity_lines": [ 8.5409, 8.713377, 8.675902, 8.539267 ] }, { "date": "2026-04-03", "close": 8.65, "volume": 9964900, "typical_volume": 11501845.0, "trend": 8.338332, "fair_value": 7.638135, "relative_strength": -4.085097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.83342, "energy": 16.540321, "activity_lines": [ 8.539445, 8.689554, 8.683852, 8.561668 ] }, { "date": "2026-04-10", "close": 8.85, "volume": 11555200, "typical_volume": 11777325.0, "trend": 8.383777, "fair_value": 7.632284, "relative_strength": -3.431775, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.073019, "energy": 12.332323, "activity_lines": [ 8.657326, 8.702067, 8.709385, 8.594679 ] }, { "date": "2026-04-17", "close": 8.75, "volume": 6840200, "typical_volume": 11720585.0, "trend": 8.432659, "fair_value": 7.62704, "relative_strength": -6.062151, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.346477, "energy": 14.335225, "activity_lines": [ 8.702708, 8.696331, 8.722371, 8.618306 ] }, { "date": "2026-04-24", "close": 8.66, "volume": 8582100, "typical_volume": 11737540.0, "trend": 8.479508, "fair_value": 7.62008, "relative_strength": -5.631992, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.548699, "energy": 16.325285, "activity_lines": [ 8.708681, 8.675263, 8.724983, 8.632973 ] }, { "date": "2026-05-01", "close": 8.487024, "volume": 9379200, "typical_volume": 11596940.0, "trend": 8.498691, "fair_value": 7.610492, "relative_strength": -7.256404, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.633916, "energy": 10.554464, "activity_lines": [ 8.645008, 8.63225, 8.707745, 8.633458 ] }, { "date": "2026-05-08", "close": 8.249625, "volume": 13960300, "typical_volume": 10538770.0, "trend": 8.508982, "fair_value": 7.600142, "relative_strength": -9.876927, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.563378, "energy": 17.306828, "activity_lines": [ 8.501748, 8.556384, 8.665249, 8.617389 ] }, { "date": "2026-05-15", "close": 7.85396, "volume": 13774900, "typical_volume": 10907560.0, "trend": 8.497598, "fair_value": 7.588449, "relative_strength": -13.23529, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.859294, "energy": 44.155574, "activity_lines": [ 8.253291, 8.430224, 8.58556, 8.57513 ] }, { "date": "2026-05-22", "close": 8.160601, "volume": 10372100, "typical_volume": 11115905.0, "trend": 8.506553, "fair_value": 7.579589, "relative_strength": -11.227912, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.865899, "energy": 47.463787, "activity_lines": [ 8.173451, 8.367244, 8.537307, 8.553388 ] }, { "date": "2026-05-29", "close": 8.071575, "volume": 12053900, "typical_volume": 11123895.0, "trend": 8.520048, "fair_value": 7.569291, "relative_strength": -12.679992, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.038534, "energy": 53.309323, "activity_lines": [ 8.103229, 8.296228, 8.48139, 8.525325 ] }, { "date": "2026-06-05", "close": 8.2793, "volume": 4987400, "typical_volume": 10783815.0, "trend": 8.511418, "fair_value": 7.559782, "relative_strength": -9.181412, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.991025, "energy": 61.695954, "activity_lines": [ 8.141477, 8.27041, 8.44871, 8.509793 ] }, { "date": "2026-06-12", "close": 8.229841, "volume": 2978600, "typical_volume": 10467655.0, "trend": 8.507668, "fair_value": 7.552342, "relative_strength": -10.749034, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.874908, "energy": 44.835772, "activity_lines": [ 8.177086, 8.239253, 8.414303, 8.491627 ] }, { "date": "2026-06-19", "close": 8.2793, "volume": 1522100, "typical_volume": 9950305.0, "trend": 8.509809, "fair_value": 7.547876, "relative_strength": -9.989404, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.612201, "energy": 29.951376, "activity_lines": [ 8.230501, 8.224727, 8.3866, 8.476893 ] }, { "date": "2026-06-26", "close": 8.45735, "volume": 1461500, "typical_volume": 9435410.0, "trend": 8.512663, "fair_value": 7.541916, "relative_strength": -7.821793, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.830923, "energy": 19.362959, "activity_lines": [ 8.31491, 8.25295, 8.378553, 8.473509 ] }, { "date": "2026-07-03", "close": 7.86, "volume": 1084700, "typical_volume": 8977215.0, "trend": 8.50964, "fair_value": 7.534764, "relative_strength": -14.607409, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.835947, "energy": 33.909759, "activity_lines": [ 8.180419, 8.177885, 8.31528, 8.431402 ] }, { "date": "2026-07-10", "close": 8.03, "volume": 15820900, "typical_volume": 9387485.0, "trend": 8.512936, "fair_value": 7.527164, "relative_strength": -12.531296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.036544, "energy": 36.06534, "activity_lines": [ 8.116699, 8.148274, 8.274497, 8.400457 ] }, { "date": "2026-07-17", "close": 8.17, "volume": 11933200, "typical_volume": 9313075.0, "trend": 8.506864, "fair_value": 7.519306, "relative_strength": -10.532143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.458291, "energy": 34.882216, "activity_lines": [ 8.116267, 8.152428, 8.251924, 8.378332 ] }, { "date": "2026-07-24", "close": 8.59, "volume": 11698100, "typical_volume": 9244095.0, "trend": 8.515772, "fair_value": 7.515076, "relative_strength": -5.888905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.880567, "energy": 17.11214, "activity_lines": [ 8.259823, 8.234393, 8.275398, 8.383696 ] }, { "date": "2026-07-31", "close": 8.2, "volume": 13704900, "typical_volume": 9231230.0, "trend": 8.511379, "fair_value": 7.510543, "relative_strength": -9.401296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.159883, "energy": 15.559281, "activity_lines": [ 8.252667, 8.232066, 8.26017, 8.363323 ] }, { "date": "2026-08-07", "close": 7.99, "volume": 10956100, "typical_volume": 9263105.0, "trend": 8.484484, "fair_value": 7.506588, "relative_strength": -14.186977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.569429, "energy": 20.556757, "activity_lines": [ 8.192667, 8.190841, 8.226889, 8.329686 ] } ], "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." } } }