{ "ticker": { "uuid": "707559fa-100e-4cb1-9fad-88a706a77f35", "symbol": "KMD", "name": "KMD Brands Limited", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 92.747, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -59.225, "architecture_energy": 49.143, "architecture_maturity": 100.0, "architecture_confidence": 86.721, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.11, "rotation_up": 28.79, "upward_expansion": 7.57, "deceleration": 60.78, "rotation_down": 48.74, "downward_expansion": 80.9 }, "activity_lines": [ 1.765667, 1.789727, 1.794567, 2.024446 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 1.8, "trend_reference": 2.473269, "distance_from_trend": -0.272218, "trend_direction": "Weakening", "fair_value": 6.149186, "distance_from_fair_value": -0.707278, "fair_value_direction": "Improving", "relative_strength": -44.989819, "relative_strength_direction": "Improving", "price_momentum": -0.529272, "excess_performance": -0.557546, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.272218, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.239974, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.707278, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.070819, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.449898, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.126559, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.529272, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.107742, "read": "Demand-led" } ], "volume": { "latest": 180475, "relative_activity": 0.598085, "balance": 1.107742, "dry_up": 0.486196, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.103632, "annualized_volatility": 0.742944, "from_high_reference": -0.641685, "from_low_reference": 0.2 }, "levels": { "trend_reference": 2.473269, "fair_value_reference": 6.149186, "structural_low": 1.5, "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": 39, "median_return": -0.018518, "positive_rate": 0.307692, "directional_follow_through": 0.615385, "median_excess_return": -0.031681, "regime_survival": 0.897436, "best_return": 0.375, "worst_return": -0.48921, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.122741, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.102748, "regime_survival": 0.75, "best_return": 0.153846, "worst_return": -0.418267, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.177134, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.149288, "regime_survival": 0.714286, "best_return": 0.068196, "worst_return": -0.390411, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.45706, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.494321, "regime_survival": 0.75, "best_return": -0.13645, "worst_return": -0.557561, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-23", "end": "2023-06-30", "tenure": "New", "return": -0.009901, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-07-07", "end": "2023-07-21", "tenure": "New", "return": -0.058253, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-07-28", "end": "2023-11-10", "tenure": "Established", "return": -0.041868, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-17", "end": "2023-11-24", "tenure": "New", "return": -0.012346, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-01", "end": "2024-08-16", "tenure": "Extended", "return": -0.383117, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-23", "end": "2024-09-27", "tenure": "Developing", "return": -0.107143, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.166667, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": 0.060241, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": -0.011364, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-10-17", "tenure": "Extended", "return": -0.282353, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-24", "end": "2025-11-14", "tenure": "New", "return": -0.066667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-02-13", "tenure": "Established", "return": -0.089286, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.020408, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.48921, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.435598, "volume": 212482, "typical_volume": 220942.55, "trend": 14.814802, "fair_value": 16.742861, "relative_strength": -15.029599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.773917, "energy": 91.993434, "activity_lines": [ 12.917597, 13.445168, 14.20052, 14.505381 ] }, { "date": "2023-08-25", "close": 12.146398, "volume": 507228, "typical_volume": 244052.45, "trend": 14.722955, "fair_value": 16.717675, "relative_strength": -15.695456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.464564, "energy": 91.732616, "activity_lines": [ 12.580198, 13.129677, 13.959234, 14.333226 ] }, { "date": "2023-09-01", "close": 12.146398, "volume": 576253, "typical_volume": 270678.7, "trend": 14.631107, "fair_value": 16.694138, "relative_strength": -15.881025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.87506, "energy": 89.857115, "activity_lines": [ 12.368118, 12.869398, 13.731737, 14.166996 ] }, { "date": "2023-09-08", "close": 11.423398, "volume": 489020, "typical_volume": 285910.85, "trend": 14.519845, "fair_value": 16.669264, "relative_strength": -19.352163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.747954, "energy": 93.347051, "activity_lines": [ 11.992158, 12.522358, 13.450513, 13.960047 ] }, { "date": "2023-09-15", "close": 11.278797, "volume": 1813429, "typical_volume": 374504.9, "trend": 14.352216, "fair_value": 16.639341, "relative_strength": -20.127309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.3705, "energy": 90.75365, "activity_lines": [ 11.683678, 12.204238, 13.175429, 13.750947 ] }, { "date": "2023-09-22", "close": 12.001798, "volume": 415300, "typical_volume": 390661.95, "trend": 14.232118, "fair_value": 16.614877, "relative_strength": -14.916774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.364733, "energy": 72.879713, "activity_lines": [ 11.722238, 12.083299, 12.989802, 13.599308 ] }, { "date": "2023-09-29", "close": 12.580197, "volume": 404203, "typical_volume": 407276.45, "trend": 14.1313, "fair_value": 16.593296, "relative_strength": -9.961024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.38859, "energy": 60.373088, "activity_lines": [ 11.982517, 12.101703, 12.875078, 13.492732 ] }, { "date": "2023-10-06", "close": 12.296353, "volume": 107074, "typical_volume": 408169.9, "trend": 14.053823, "fair_value": 16.566598, "relative_strength": -11.64228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.847913, "energy": 47.179639, "activity_lines": [ 12.119263, 12.094789, 12.745716, 13.374348 ] }, { "date": "2023-10-13", "close": 12.146398, "volume": 121903, "typical_volume": 410715.9, "trend": 13.990092, "fair_value": 16.53729, "relative_strength": -12.242212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.942771, "energy": 38.795062, "activity_lines": [ 12.196026, 12.078918, 12.619166, 13.251289 ] }, { "date": "2023-10-20", "close": 12.74622, "volume": 195673, "typical_volume": 414724.45, "trend": 13.92761, "fair_value": 16.512651, "relative_strength": -5.418697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.462125, "energy": 26.686743, "activity_lines": [ 12.42453, 12.190508, 12.567548, 13.171039 ] }, { "date": "2023-10-27", "close": 12.446309, "volume": 155892, "typical_volume": 417225.1, "trend": 13.827015, "fair_value": 16.495983, "relative_strength": -5.535382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.469262, "energy": 25.782765, "activity_lines": [ 12.455235, 12.249809, 12.501649, 13.075471 ] }, { "date": "2023-11-03", "close": 13.046131, "volume": 90808, "typical_volume": 394514.9, "trend": 13.760472, "fair_value": 16.480686, "relative_strength": -3.944409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.029521, "energy": 20.413073, "activity_lines": [ 12.656247, 12.417973, 12.505908, 13.025091 ] }, { "date": "2023-11-10", "close": 12.74622, "volume": 194871, "typical_volume": 397463.05, "trend": 13.67456, "fair_value": 16.457697, "relative_strength": -6.077385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.561519, "energy": 16.649279, "activity_lines": [ 12.726226, 12.515249, 12.49178, 12.959656 ] }, { "date": "2023-11-17", "close": 12.146398, "volume": 177944, "typical_volume": 383581.5, "trend": 13.559282, "fair_value": 16.425916, "relative_strength": -10.440362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.072639, "energy": 15.025829, "activity_lines": [ 12.566273, 12.492561, 12.429375, 12.861065 ] }, { "date": "2023-11-24", "close": 11.996442, "volume": 415216, "typical_volume": 376483.1, "trend": 13.439005, "fair_value": 16.395647, "relative_strength": -11.428566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.53378, "energy": 23.721117, "activity_lines": [ 12.356336, 12.429463, 12.363706, 12.760236 ] }, { "date": "2023-12-01", "close": 11.546576, "volume": 104881, "typical_volume": 356123.6, "trend": 13.313105, "fair_value": 16.364967, "relative_strength": -15.534287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.158671, "energy": 37.484958, "activity_lines": [ 12.046428, 12.271523, 12.268989, 12.638144 ] }, { "date": "2023-12-08", "close": 11.546576, "volume": 222275, "typical_volume": 354838.65, "trend": 13.191891, "fair_value": 16.330165, "relative_strength": -16.082848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.501106, "energy": 58.536407, "activity_lines": [ 11.796502, 12.12186, 12.185391, 12.524175 ] }, { "date": "2023-12-15", "close": 12.146398, "volume": 155837, "typical_volume": 341182.85, "trend": 13.067241, "fair_value": 16.30333, "relative_strength": -11.74194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.396556, "energy": 49.571335, "activity_lines": [ 11.846487, 12.100048, 12.170727, 12.456723 ] }, { "date": "2023-12-22", "close": 10.496887, "volume": 461591, "typical_volume": 355465.8, "trend": 12.887606, "fair_value": 16.264273, "relative_strength": -23.81015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.270797, "energy": 71.618036, "activity_lines": [ 11.386623, 11.781052, 12.004476, 12.290894 ] }, { "date": "2023-12-29", "close": 11.246665, "volume": 51636, "typical_volume": 343675.8, "trend": 12.737651, "fair_value": 16.230846, "relative_strength": -18.907901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.60067, "energy": 58.979381, "activity_lines": [ 11.286653, 11.62837, 11.922306, 12.185027 ] }, { "date": "2024-01-05", "close": 11.246665, "volume": 69943, "typical_volume": 336548.85, "trend": 12.60644, "fair_value": 16.19742, "relative_strength": -18.388201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.802259, "energy": 48.543563, "activity_lines": [ 11.236668, 11.502952, 11.847864, 12.088834 ] }, { "date": "2024-01-12", "close": 11.096709, "volume": 80338, "typical_volume": 315204.35, "trend": 12.47023, "fair_value": 16.160559, "relative_strength": -19.817174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.894486, "energy": 58.06048, "activity_lines": [ 11.156691, 11.372082, 11.764802, 11.991432 ] }, { "date": "2024-01-19", "close": 10.946754, "volume": 106372, "typical_volume": 291710.3, "trend": 12.348302, "fair_value": 16.120263, "relative_strength": -19.142914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.397967, "energy": 46.520562, "activity_lines": [ 11.056721, 11.249391, 11.672457, 11.893143 ] }, { "date": "2024-01-26", "close": 10.946754, "volume": 144728, "typical_volume": 274495.7, "trend": 12.231194, "fair_value": 16.08409, "relative_strength": -20.147216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.884894, "energy": 44.406176, "activity_lines": [ 11.036727, 11.159418, 11.585824, 11.802721 ] }, { "date": "2024-02-02", "close": 10.346931, "volume": 556727, "typical_volume": 211660.6, "trend": 12.079632, "fair_value": 16.039949, "relative_strength": -24.431937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.195358, "energy": 60.562069, "activity_lines": [ 10.786801, 10.982198, 11.444336, 11.681156 ] }, { "date": "2024-02-09", "close": 9.897065, "volume": 268941, "typical_volume": 204342.65, "trend": 11.946814, "fair_value": 15.997871, "relative_strength": -26.838319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.3674, "energy": 75.425822, "activity_lines": [ 10.446902, 10.753175, 11.26444, 11.540345 ] }, { "date": "2024-02-16", "close": 9.447198, "volume": 425337, "typical_volume": 205399.35, "trend": 11.794181, "fair_value": 15.951261, "relative_strength": -28.693284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.646031, "energy": 85.222374, "activity_lines": [ 10.04702, 10.472349, 11.051723, 11.379079 ] }, { "date": "2024-02-23", "close": 8.097598, "volume": 402787, "typical_volume": 220185.0, "trend": 11.620661, "fair_value": 15.897648, "relative_strength": -38.203877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.78623, "energy": 93.75607, "activity_lines": [ 9.30724, 9.984312, 10.725391, 11.14059 ] }, { "date": "2024-03-01", "close": 7.797687, "volume": 506220, "typical_volume": 239400.85, "trend": 11.441964, "fair_value": 15.847059, "relative_strength": -39.944856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.69164, "energy": 95.351341, "activity_lines": [ 8.657432, 9.51536, 10.39049, 10.893947 ] }, { "date": "2024-03-08", "close": 7.797687, "volume": 228242, "typical_volume": 241029.3, "trend": 11.272907, "fair_value": 15.789875, "relative_strength": -40.231792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.21659, "energy": 92.717208, "activity_lines": [ 8.217563, 9.095484, 10.076297, 10.658832 ] }, { "date": "2024-03-15", "close": 7.947643, "volume": 211671, "typical_volume": 243818.25, "trend": 11.123308, "fair_value": 15.738598, "relative_strength": -37.697701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.127956, "energy": 89.109983, "activity_lines": [ 7.997628, 8.765582, 9.799951, 10.444299 ] }, { "date": "2024-03-22", "close": 7.947643, "volume": 290266, "typical_volume": 253791.15, "trend": 10.98335, "fair_value": 15.676604, "relative_strength": -38.141171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.223145, "energy": 87.716955, "activity_lines": [ 7.907655, 8.495662, 9.545026, 10.239417 ] }, { "date": "2024-03-29", "close": 8.247554, "volume": 705373, "typical_volume": 279316.25, "trend": 10.853388, "fair_value": 15.617357, "relative_strength": -35.764669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.916695, "energy": 65.469299, "activity_lines": [ 8.017622, 8.337527, 9.342943, 10.062914 ] }, { "date": "2024-04-05", "close": 8.547465, "volume": 222341, "typical_volume": 281536.1, "trend": 10.757524, "fair_value": 15.555911, "relative_strength": -32.230368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.573961, "energy": 59.875375, "activity_lines": [ 8.217563, 8.282998, 9.190846, 9.914145 ] }, { "date": "2024-04-12", "close": 8.697421, "volume": 61163, "typical_volume": 263833.45, "trend": 10.671478, "fair_value": 15.496251, "relative_strength": -29.853177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.044969, "energy": 46.88487, "activity_lines": [ 8.417504, 8.299357, 9.070167, 9.781235 ] }, { "date": "2024-04-19", "close": 7.947643, "volume": 70686, "typical_volume": 262123.7, "trend": 10.53634, "fair_value": 15.431784, "relative_strength": -34.395763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.017123, "energy": 44.561256, "activity_lines": [ 8.307536, 8.209384, 8.893791, 9.605504 ] }, { "date": "2024-04-26", "close": 7.947643, "volume": 126135, "typical_volume": 257316.7, "trend": 10.381921, "fair_value": 15.363195, "relative_strength": -33.668796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.006388, "energy": 42.51222, "activity_lines": [ 8.197569, 8.154854, 8.734552, 9.438491 ] }, { "date": "2024-05-03", "close": 7.797687, "volume": 133121, "typical_volume": 256180.9, "trend": 10.231966, "fair_value": 15.284577, "relative_strength": -34.860723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.694424, "energy": 49.749338, "activity_lines": [ 8.037616, 8.100325, 8.57817, 9.271766 ] }, { "date": "2024-05-10", "close": 6.897954, "volume": 285915, "typical_volume": 247397.1, "trend": 10.057017, "fair_value": 15.202665, "relative_strength": -40.701245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.850133, "energy": 62.310567, "activity_lines": [ 7.607744, 7.887661, 8.356807, 9.056669 ] }, { "date": "2024-05-17", "close": 6.448088, "volume": 398069, "typical_volume": 264718.75, "trend": 9.84708, "fair_value": 15.116272, "relative_strength": -43.469281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.170937, "energy": 83.252147, "activity_lines": [ 7.137883, 7.609561, 8.109738, 8.823835 ] }, { "date": "2024-05-24", "close": 6.448088, "volume": 112839, "typical_volume": 266863.55, "trend": 9.647139, "fair_value": 15.025705, "relative_strength": -42.975396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.264905, "energy": 91.509928, "activity_lines": [ 6.817978, 7.356, 7.885519, 8.604545 ] }, { "date": "2024-05-31", "close": 6.37311, "volume": 103183, "typical_volume": 268005.8, "trend": 9.424705, "fair_value": 14.932153, "relative_strength": -43.138753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.121707, "energy": 90.228175, "activity_lines": [ 6.573051, 7.116071, 7.677009, 8.393317 ] }, { "date": "2024-06-07", "close": 6.523065, "volume": 347938, "typical_volume": 280084.1, "trend": 9.217266, "fair_value": 14.838727, "relative_strength": -40.846515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.571522, "energy": 85.965432, "activity_lines": [ 6.483077, 6.932035, 7.505274, 8.206115 ] }, { "date": "2024-06-14", "close": 6.37311, "volume": 153033, "typical_volume": 280499.35, "trend": 9.024824, "fair_value": 14.742671, "relative_strength": -41.33777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.026119, "energy": 78.12484, "activity_lines": [ 6.428094, 6.752088, 7.340323, 8.022621 ] }, { "date": "2024-06-21", "close": 5.998221, "volume": 212262, "typical_volume": 263276.1, "trend": 8.824883, "fair_value": 14.645881, "relative_strength": -43.051893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.693822, "energy": 68.437062, "activity_lines": [ 6.283137, 6.543514, 7.161448, 7.827356 ] }, { "date": "2024-06-28", "close": 5.248443, "volume": 231647, "typical_volume": 261411.4, "trend": 8.614945, "fair_value": 14.545954, "relative_strength": -49.494746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.544933, "energy": 76.250901, "activity_lines": [ 5.918245, 6.247692, 6.931873, 7.596618 ] }, { "date": "2024-07-05", "close": 5.623332, "volume": 106039, "typical_volume": 245446.5, "trend": 8.417504, "fair_value": 14.456779, "relative_strength": -45.333709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.595348, "energy": 71.709264, "activity_lines": [ 5.758292, 6.069109, 6.760138, 7.403611 ] }, { "date": "2024-07-12", "close": 5.69831, "volume": 123649, "typical_volume": 231489.6, "trend": 8.202567, "fair_value": 14.371424, "relative_strength": -45.33076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.052122, "energy": 72.505896, "activity_lines": [ 5.673317, 5.946418, 6.613753, 7.228179 ] }, { "date": "2024-07-19", "close": 5.923243, "volume": 143707, "typical_volume": 213363.95, "trend": 8.050113, "fair_value": 14.291684, "relative_strength": -43.168478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.550375, "energy": 66.049559, "activity_lines": [ 5.718304, 5.902795, 6.500215, 7.081126 ] }, { "date": "2024-07-26", "close": 6.673021, "volume": 376020, "typical_volume": 220752.85, "trend": 7.897658, "fair_value": 14.22009, "relative_strength": -35.254357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.882346, "energy": 44.565653, "activity_lines": [ 6.043208, 6.013216, 6.467011, 6.992281 ] }, { "date": "2024-08-02", "close": 6.448088, "volume": 209070, "typical_volume": 220622.8, "trend": 7.737705, "fair_value": 14.147055, "relative_strength": -37.110867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.663947, "energy": 31.072042, "activity_lines": [ 6.248147, 6.078652, 6.417739, 6.89876 ] }, { "date": "2024-08-09", "close": 5.998221, "volume": 162910, "typical_volume": 214255.0, "trend": 7.567756, "fair_value": 14.068631, "relative_strength": -39.655149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.980867, "energy": 26.874832, "activity_lines": [ 6.223154, 6.062293, 6.332765, 6.786536 ] }, { "date": "2024-08-16", "close": 7.122887, "volume": 215168, "typical_volume": 189744.75, "trend": 7.440293, "fair_value": 14.007434, "relative_strength": -30.221912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.207491, "energy": 20.442115, "activity_lines": [ 6.548058, 6.257235, 6.364184, 6.757834 ] }, { "date": "2024-08-23", "close": 8.39751, "volume": 307168, "typical_volume": 193986.1, "trend": 7.355319, "fair_value": 13.949399, "relative_strength": -15.650166, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 24.678212, "energy": 33.896848, "activity_lines": [ 7.202864, 6.673021, 6.522351, 6.81959 ] }, { "date": "2024-08-30", "close": 8.547465, "volume": 220408, "typical_volume": 201948.35, "trend": 7.295336, "fair_value": 13.888986, "relative_strength": -12.80184, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.349993, "energy": 57.915147, "activity_lines": [ 7.742704, 7.079264, 6.695514, 6.896503 ] }, { "date": "2024-09-06", "close": 8.247554, "volume": 121095, "typical_volume": 204468.8, "trend": 7.240353, "fair_value": 13.819972, "relative_strength": -16.258407, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.377445, "energy": 61.553973, "activity_lines": [ 8.05761, 7.384628, 6.840828, 6.957936 ] }, { "date": "2024-09-13", "close": 7.647732, "volume": 64517, "typical_volume": 201387.9, "trend": 7.18037, "fair_value": 13.745443, "relative_strength": -22.906289, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.833881, "energy": 61.423103, "activity_lines": [ 8.052612, 7.526404, 6.927588, 6.984219 ] }, { "date": "2024-09-20", "close": 7.497776, "volume": 158019, "typical_volume": 202632.8, "trend": 7.160376, "fair_value": 13.664109, "relative_strength": -21.384656, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.680823, "energy": 41.762484, "activity_lines": [ 7.887661, 7.604108, 7.001495, 7.004697 ] }, { "date": "2024-09-27", "close": 7.497776, "volume": 134399, "typical_volume": 195057.0, "trend": 7.150379, "fair_value": 13.579436, "relative_strength": -20.224304, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.600266, "energy": 27.440192, "activity_lines": [ 7.697717, 7.649095, 7.07683, 7.026464 ] }, { "date": "2024-10-04", "close": 7.647732, "volume": 110326, "typical_volume": 180669.85, "trend": 7.145381, "fair_value": 13.497394, "relative_strength": -18.674649, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 13.82282, "energy": 14.511603, "activity_lines": [ 7.617741, 7.692718, 7.16359, 7.058552 ] }, { "date": "2024-10-11", "close": 7.347821, "volume": 3444940, "typical_volume": 347274.9, "trend": 7.125387, "fair_value": 13.41176, "relative_strength": -22.220717, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 9.499047, "energy": 10.057847, "activity_lines": [ 7.497776, 7.664091, 7.216074, 7.071612 ] }, { "date": "2024-10-18", "close": 7.197865, "volume": 102420, "typical_volume": 347236.75, "trend": 7.100394, "fair_value": 13.323495, "relative_strength": -22.466244, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 5.740126, "energy": 9.254424, "activity_lines": [ 7.387809, 7.591839, 7.249993, 7.076288 ] }, { "date": "2024-10-25", "close": 6.747999, "volume": 223084, "typical_volume": 340994.05, "trend": 7.050409, "fair_value": 13.234015, "relative_strength": -25.77706, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.105987, "energy": 15.570938, "activity_lines": [ 7.157877, 7.415982, 7.237139, 7.053553 ] }, { "date": "2024-11-01", "close": 6.598043, "volume": 75740, "typical_volume": 337129.4, "trend": 6.985428, "fair_value": 13.141905, "relative_strength": -24.884619, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.207672, "energy": 16.704097, "activity_lines": [ 6.927945, 7.219677, 7.208933, 7.024368 ] }, { "date": "2024-11-08", "close": 6.598043, "volume": 30437, "typical_volume": 328038.15, "trend": 6.915449, "fair_value": 13.051465, "relative_strength": -24.829076, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.131447, "energy": 24.210749, "activity_lines": [ 6.757996, 7.056089, 7.179656, 6.999376 ] }, { "date": "2024-11-15", "close": 6.37311, "volume": 104103, "typical_volume": 321660.95, "trend": 6.862965, "fair_value": 12.959582, "relative_strength": -25.687696, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.828748, "energy": 37.104132, "activity_lines": [ 6.583048, 6.887048, 7.126101, 6.964386 ] }, { "date": "2024-11-22", "close": 6.223154, "volume": 269257, "typical_volume": 329821.85, "trend": 6.805482, "fair_value": 12.873417, "relative_strength": -28.212038, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.69403, "energy": 52.753149, "activity_lines": [ 6.423095, 6.724824, 7.052908, 6.923108 ] }, { "date": "2024-11-29", "close": 6.223154, "volume": 135168, "typical_volume": 330397.8, "trend": 6.752997, "fair_value": 12.787252, "relative_strength": -27.213379, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.770706, "energy": 54.828527, "activity_lines": [ 6.328123, 6.5885, 6.976859, 6.885538 ] }, { "date": "2024-12-06", "close": 5.998221, "volume": 58228, "typical_volume": 326123.85, "trend": 6.723006, "fair_value": 12.69709, "relative_strength": -27.289054, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.059527, "energy": 60.23544, "activity_lines": [ 6.193163, 6.434455, 6.876889, 6.836843 ] }, { "date": "2024-12-13", "close": 6.073199, "volume": 124127, "typical_volume": 313529.2, "trend": 6.71051, "fair_value": 12.607409, "relative_strength": -24.768031, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.574145, "energy": 60.735291, "activity_lines": [ 6.123184, 6.321307, 6.783702, 6.79492 ] }, { "date": "2024-12-20", "close": 6.298132, "volume": 109982, "typical_volume": 308574.8, "trend": 6.705511, "fair_value": 12.520021, "relative_strength": -21.904959, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.396113, "energy": 48.084141, "activity_lines": [ 6.163172, 6.277684, 6.714794, 6.768315 ] }, { "date": "2024-12-27", "close": 6.598043, "volume": 55385, "typical_volume": 303198.55, "trend": 6.713009, "fair_value": 12.432852, "relative_strength": -18.913613, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.812684, "energy": 26.865384, "activity_lines": [ 6.308129, 6.307675, 6.675163, 6.761382 ] }, { "date": "2025-01-03", "close": 6.598043, "volume": 33619, "typical_volume": 294121.1, "trend": 6.715508, "fair_value": 12.347386, "relative_strength": -16.888479, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.728501, "energy": 17.069154, "activity_lines": [ 6.428093, 6.348572, 6.632676, 6.753965 ] }, { "date": "2025-01-10", "close": 6.598043, "volume": 75448, "typical_volume": 282535.1, "trend": 6.723006, "fair_value": 12.270438, "relative_strength": -14.634815, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.658454, "energy": 14.460486, "activity_lines": [ 6.523065, 6.392195, 6.592688, 6.746386 ] }, { "date": "2025-01-17", "close": 6.523065, "volume": 41708, "typical_volume": 273600.1, "trend": 6.740501, "fair_value": 12.194713, "relative_strength": -15.920579, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -31.787218, "energy": 24.006196, "activity_lines": [ 6.553056, 6.422186, 6.554127, 6.733487 ] }, { "date": "2025-01-24", "close": 6.37311, "volume": 74740, "typical_volume": 271282.35, "trend": 6.77799, "fair_value": 12.120582, "relative_strength": -16.004163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.544722, "energy": 20.614981, "activity_lines": [ 6.503071, 6.426276, 6.510926, 6.709784 ] }, { "date": "2025-01-31", "close": 6.073199, "volume": 80708, "typical_volume": 272091.9, "trend": 6.792985, "fair_value": 12.041973, "relative_strength": -18.700853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.663461, "energy": 35.763281, "activity_lines": [ 6.348117, 6.375836, 6.448088, 6.664314 ] }, { "date": "2025-02-07", "close": 5.998221, "volume": 64966, "typical_volume": 267439.25, "trend": 6.802982, "fair_value": 11.960328, "relative_strength": -18.115029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.430926, "energy": 54.346244, "activity_lines": [ 6.20316, 6.314491, 6.385606, 6.613039 ] }, { "date": "2025-02-14", "close": 6.148176, "volume": 103948, "typical_volume": 265916.7, "trend": 6.81048, "fair_value": 11.8822, "relative_strength": -15.680546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.256875, "energy": 58.468052, "activity_lines": [ 6.148176, 6.2845, 6.344547, 6.570793 ] }, { "date": "2025-02-21", "close": 5.998221, "volume": 61311, "typical_volume": 263465.95, "trend": 6.787987, "fair_value": 11.810776, "relative_strength": -15.572905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.191827, "energy": 65.113893, "activity_lines": [ 6.073199, 6.224517, 6.295633, 6.518389 ] }, { "date": "2025-02-28", "close": 5.69831, "volume": 392184, "typical_volume": 110828.15, "trend": 6.762994, "fair_value": 11.731467, "relative_strength": -18.23449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.779256, "energy": 72.074783, "activity_lines": [ 5.93324, 6.111369, 6.226011, 6.448088 ] }, { "date": "2025-03-07", "close": 5.69831, "volume": 135130, "typical_volume": 112463.65, "trend": 6.752997, "fair_value": 11.657269, "relative_strength": -16.339279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.571044, "energy": 68.35443, "activity_lines": [ 5.838268, 6.009127, 6.164243, 6.379398 ] }, { "date": "2025-03-14", "close": 5.69831, "volume": 145924, "typical_volume": 108605.65, "trend": 6.705511, "fair_value": 11.580515, "relative_strength": -14.799569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.113673, "energy": 66.584347, "activity_lines": [ 5.768289, 5.923243, 6.109616, 6.311354 ] }, { "date": "2025-03-21", "close": 5.623332, "volume": 302910, "typical_volume": 119964.15, "trend": 6.613039, "fair_value": 11.500726, "relative_strength": -14.258075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.930053, "energy": 68.460114, "activity_lines": [ 5.693311, 5.840086, 6.052848, 6.241536 ] }, { "date": "2025-03-28", "close": 5.473377, "volume": 387520, "typical_volume": 137818.3, "trend": 6.510569, "fair_value": 11.41742, "relative_strength": -17.030641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.086642, "energy": 63.184611, "activity_lines": [ 5.603338, 5.747386, 5.986439, 6.168009 ] }, { "date": "2025-04-04", "close": 5.173465, "volume": 154657, "typical_volume": 140346.0, "trend": 6.408099, "fair_value": 11.333044, "relative_strength": -20.355331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.531965, "energy": 67.094884, "activity_lines": [ 5.448384, 5.619242, 5.896822, 6.081745 ] }, { "date": "2025-04-11", "close": 4.798577, "volume": 78151, "typical_volume": 130790.7, "trend": 6.313128, "fair_value": 11.249671, "relative_strength": -23.952094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.647898, "energy": 85.17875, "activity_lines": [ 5.203457, 5.444749, 5.777215, 5.977904 ] }, { "date": "2025-04-18", "close": 5.098488, "volume": 38400, "typical_volume": 125952.3, "trend": 6.233151, "fair_value": 11.169073, "relative_strength": -19.115168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.903819, "energy": 78.40782, "activity_lines": [ 5.118482, 5.347959, 5.692954, 5.899541 ] }, { "date": "2025-04-25", "close": 5.173465, "volume": 62035, "typical_volume": 126142.65, "trend": 6.155674, "fair_value": 11.084696, "relative_strength": -16.485315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.395514, "energy": 77.190758, "activity_lines": [ 5.098488, 5.281161, 5.62119, 5.831174 ] }, { "date": "2025-05-02", "close": 4.948532, "volume": 57654, "typical_volume": 122819.0, "trend": 6.065701, "fair_value": 11.003988, "relative_strength": -21.387066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.37484, "energy": 75.215757, "activity_lines": [ 5.033507, 5.191187, 5.531931, 5.753294 ] }, { "date": "2025-05-09", "close": 5.248443, "volume": 36087, "typical_volume": 119124.25, "trend": 5.995722, "fair_value": 10.937127, "relative_strength": -17.929305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.600786, "energy": 50.993436, "activity_lines": [ 5.103486, 5.174829, 5.47659, 5.700567 ] }, { "date": "2025-05-16", "close": 5.248443, "volume": 76416, "typical_volume": 120175.8, "trend": 5.930741, "fair_value": 10.872821, "relative_strength": -18.661948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.051845, "energy": 38.718185, "activity_lines": [ 5.168467, 5.166649, 5.426248, 5.652356 ] }, { "date": "2025-05-23", "close": 4.873554, "volume": 71164, "typical_volume": 122053.05, "trend": 5.868259, "fair_value": 10.806112, "relative_strength": -22.859543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.80268, "energy": 46.991813, "activity_lines": [ 5.078493, 5.098488, 5.346628, 5.58415 ] }, { "date": "2025-05-30", "close": 4.573643, "volume": 116748, "typical_volume": 124118.05, "trend": 5.800779, "fair_value": 10.734074, "relative_strength": -26.093101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.646128, "energy": 52.929186, "activity_lines": [ 4.903545, 4.990792, 5.246658, 5.500626 ] }, { "date": "2025-06-06", "close": 4.498666, "volume": 96731, "typical_volume": 126869.2, "trend": 5.7308, "fair_value": 10.66411, "relative_strength": -27.604631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.677812, "energy": 61.09789, "activity_lines": [ 4.743593, 4.88855, 5.149187, 5.416619 ] }, { "date": "2025-06-13", "close": 4.648621, "volume": 50108, "typical_volume": 125637.6, "trend": 5.673317, "fair_value": 10.598514, "relative_strength": -24.639444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.335034, "energy": 71.909931, "activity_lines": [ 4.663617, 4.831294, 5.075637, 5.346801 ] }, { "date": "2025-06-20", "close": 4.123777, "volume": 199388, "typical_volume": 131571.6, "trend": 5.603338, "fair_value": 10.525178, "relative_strength": -32.74611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.523254, "energy": 82.393585, "activity_lines": [ 4.44868, 4.688155, 4.960314, 5.246831 ] }, { "date": "2025-06-27", "close": 4.048799, "volume": 208962, "typical_volume": 138771.4, "trend": 5.53086, "fair_value": 10.455737, "relative_strength": -33.715544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.124633, "energy": 84.737194, "activity_lines": [ 4.283729, 4.543652, 4.847134, 5.146538 ] }, { "date": "2025-07-04", "close": 4.048799, "volume": 136215, "typical_volume": 140384.75, "trend": 5.465879, "fair_value": 10.385421, "relative_strength": -34.24994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.682814, "energy": 85.963602, "activity_lines": [ 4.173762, 4.418235, 4.743236, 5.050921 ] }, { "date": "2025-07-11", "close": 3.898843, "volume": 137887, "typical_volume": 144213.55, "trend": 5.3934, "fair_value": 10.313269, "relative_strength": -35.87142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.705758, "energy": 88.12489, "activity_lines": [ 4.048799, 4.286001, 4.635054, 4.949822 ] }, { "date": "2025-07-18", "close": 3.748888, "volume": 274926, "typical_volume": 138350.65, "trend": 5.308425, "fair_value": 10.240155, "relative_strength": -38.799869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.906325, "energy": 88.399794, "activity_lines": [ 3.913839, 4.145588, 4.522587, 4.843725 ] }, { "date": "2025-07-25", "close": 3.898843, "volume": 56208, "typical_volume": 134404.55, "trend": 5.218452, "fair_value": 10.169753, "relative_strength": -35.601254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.887471, "energy": 77.148547, "activity_lines": [ 3.888846, 4.059705, 4.433685, 4.752784 ] }, { "date": "2025-08-01", "close": 3.67391, "volume": 145131, "typical_volume": 134364.9, "trend": 5.120981, "fair_value": 10.097034, "relative_strength": -38.146395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.27977, "energy": 72.360821, "activity_lines": [ 3.803871, 3.957462, 4.331929, 4.653136 ] }, { "date": "2025-08-08", "close": 3.823866, "volume": 205600, "typical_volume": 129499.4, "trend": 5.028508, "fair_value": 10.026152, "relative_strength": -35.689842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.401253, "energy": 60.654048, "activity_lines": [ 3.793875, 3.904296, 4.254095, 4.569451 ] }, { "date": "2025-08-15", "close": 3.748888, "volume": 61894, "typical_volume": 113218.1, "trend": 4.936036, "fair_value": 9.953913, "relative_strength": -36.460242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.182412, "energy": 58.565476, "activity_lines": [ 3.773881, 3.85113, 4.177689, 4.486895 ] }, { "date": "2025-08-22", "close": 3.67391, "volume": 83618, "typical_volume": 109666.15, "trend": 4.846063, "fair_value": 9.882945, "relative_strength": -37.442238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.202171, "energy": 59.7959, "activity_lines": [ 3.738891, 3.797964, 4.102354, 4.405467 ] }, { "date": "2025-08-29", "close": 3.598932, "volume": 82766, "typical_volume": 109896.9, "trend": 4.763587, "fair_value": 9.812371, "relative_strength": -37.090864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.239732, "energy": 59.06012, "activity_lines": [ 3.683907, 3.748888, 4.02702, 4.325007 ] }, { "date": "2025-09-05", "close": 4.123777, "volume": 109697, "typical_volume": 113461.75, "trend": 4.701105, "fair_value": 9.747786, "relative_strength": -28.449319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.319199, "energy": 40.138233, "activity_lines": [ 3.823866, 3.80478, 4.007383, 4.283729 ] }, { "date": "2025-09-12", "close": 3.598932, "volume": 486987, "typical_volume": 134709.35, "trend": 4.616131, "fair_value": 9.680713, "relative_strength": -36.67138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.09875, "energy": 44.728346, "activity_lines": [ 3.758885, 3.763883, 3.942402, 4.212621 ] }, { "date": "2025-09-19", "close": 3.598932, "volume": 61486, "typical_volume": 134900.95, "trend": 4.536154, "fair_value": 9.611014, "relative_strength": -35.743476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.686451, "energy": 45.707011, "activity_lines": [ 3.7089, 3.731166, 3.884919, 4.146996 ] }, { "date": "2025-09-26", "close": 4.048799, "volume": 226723, "typical_volume": 144432.75, "trend": 4.481171, "fair_value": 9.545074, "relative_strength": -26.065761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.323082, "energy": 26.345087, "activity_lines": [ 3.818867, 3.785695, 3.876707, 4.115553 ] }, { "date": "2025-10-03", "close": 4.273732, "volume": 130244, "typical_volume": 147124.15, "trend": 4.433685, "fair_value": 9.480576, "relative_strength": -23.257988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.263135, "energy": 14.63956, "activity_lines": [ 3.97882, 3.875668, 3.89563, 4.10217 ] }, { "date": "2025-10-10", "close": 4.498666, "volume": 222429, "typical_volume": 154687.4, "trend": 4.393697, "fair_value": 9.418395, "relative_strength": -18.027711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.260556, "energy": 17.521188, "activity_lines": [ 4.168763, 3.999723, 3.940617, 4.106362 ] }, { "date": "2025-10-17", "close": 4.573643, "volume": 179115, "typical_volume": 157805.75, "trend": 4.358707, "fair_value": 9.357569, "relative_strength": -14.670637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.755274, "energy": 33.619083, "activity_lines": [ 4.358707, 4.122413, 3.994529, 4.117972 ] }, { "date": "2025-10-24", "close": 4.498666, "volume": 67908, "typical_volume": 156364.6, "trend": 4.326217, "fair_value": 9.296264, "relative_strength": -15.939884, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.534076, "energy": 37.432961, "activity_lines": [ 4.458678, 4.21784, 4.041301, 4.127002 ] }, { "date": "2025-10-31", "close": 4.273732, "volume": 55814, "typical_volume": 156649.9, "trend": 4.296226, "fair_value": 9.23089, "relative_strength": -20.261269, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.67138, "energy": 40.467381, "activity_lines": [ 4.423688, 4.258737, 4.066651, 4.123615 ] }, { "date": "2025-11-07", "close": 4.198755, "volume": 87959, "typical_volume": 151078.45, "trend": 4.276231, "fair_value": 9.162281, "relative_strength": -21.156431, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.581638, "energy": 25.336046, "activity_lines": [ 4.34871, 4.275096, 4.086645, 4.117327 ] }, { "date": "2025-11-14", "close": 4.198755, "volume": 47430, "typical_volume": 143001.85, "trend": 4.24624, "fair_value": 9.091869, "relative_strength": -19.615057, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.732058, "energy": 8.667564, "activity_lines": [ 4.278731, 4.280549, 4.106282, 4.112329 ] }, { "date": "2025-11-21", "close": 4.198755, "volume": 76083, "typical_volume": 139995.25, "trend": 4.21375, "fair_value": 9.020556, "relative_strength": -18.682917, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.673509, "energy": 8.346033, "activity_lines": [ 4.228746, 4.284638, 4.125205, 4.109265 ] }, { "date": "2025-11-28", "close": 4.048799, "volume": 157864, "typical_volume": 140994.1, "trend": 4.183759, "fair_value": 8.949183, "relative_strength": -21.299897, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.293255, "energy": 8.365191, "activity_lines": [ 4.153768, 4.250558, 4.129132, 4.098623 ] }, { "date": "2025-12-05", "close": 4.198755, "volume": 41805, "typical_volume": 129338.05, "trend": 4.148769, "fair_value": 8.879672, "relative_strength": -17.702867, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.464385, "energy": 7.555705, "activity_lines": [ 4.158767, 4.235562, 4.146627, 4.09959 ] }, { "date": "2025-12-12", "close": 4.048799, "volume": 60864, "typical_volume": 129570.85, "trend": 4.108781, "fair_value": 8.806497, "relative_strength": -19.472936, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.582012, "energy": 10.190624, "activity_lines": [ 4.118778, 4.190575, 4.147698, 4.093141 ] }, { "date": "2025-12-19", "close": 4.198755, "volume": 227458, "typical_volume": 133687.2, "trend": 4.086288, "fair_value": 8.738789, "relative_strength": -15.277717, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.88742, "energy": 15.385129, "activity_lines": [ 4.138773, 4.176943, 4.162337, 4.098946 ] }, { "date": "2025-12-26", "close": 4.048799, "volume": 23501, "typical_volume": 124582.25, "trend": 4.068793, "fair_value": 8.671921, "relative_strength": -18.641504, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.728989, "energy": 8.478079, "activity_lines": [ 4.108781, 4.141499, 4.160195, 4.096527 ] }, { "date": "2026-01-02", "close": 4.273732, "volume": 14865, "typical_volume": 122230.8, "trend": 4.061295, "fair_value": 8.607397, "relative_strength": -13.386368, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.184924, "energy": 14.939768, "activity_lines": [ 4.163765, 4.156494, 4.178404, 4.109749 ] }, { "date": "2026-01-09", "close": 4.273732, "volume": 68977, "typical_volume": 121498.75, "trend": 4.048799, "fair_value": 8.541071, "relative_strength": -13.408594, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.006797, "energy": 19.649431, "activity_lines": [ 4.203753, 4.17558, 4.194113, 4.123454 ] }, { "date": "2026-01-16", "close": 4.123777, "volume": 60821, "typical_volume": 120401.5, "trend": 4.048799, "fair_value": 8.469277, "relative_strength": -15.697356, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.266757, "energy": 16.337851, "activity_lines": [ 4.188757, 4.1674, 4.192685, 4.128292 ] }, { "date": "2026-01-23", "close": 4.123777, "volume": 135778, "typical_volume": 121705.55, "trend": 4.051298, "fair_value": 8.400187, "relative_strength": -13.150096, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.495543, "energy": 17.218571, "activity_lines": [ 4.168763, 4.160584, 4.188758, 4.133129 ] }, { "date": "2026-01-30", "close": 4.123777, "volume": 95259, "typical_volume": 102119.15, "trend": 4.053798, "fair_value": 8.331097, "relative_strength": -12.222341, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.753123, "energy": 7.265565, "activity_lines": [ 4.153768, 4.155131, 4.18483, 4.137805 ] }, { "date": "2026-02-06", "close": 3.823866, "volume": 110764, "typical_volume": 104583.05, "trend": 4.051298, "fair_value": 8.260986, "relative_strength": -17.918398, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.809315, "energy": 29.377864, "activity_lines": [ 4.033804, 4.096512, 4.149841, 4.122971 ] }, { "date": "2026-02-13", "close": 3.823866, "volume": 49204, "typical_volume": 95707.1, "trend": 4.053798, "fair_value": 8.180961, "relative_strength": -15.528765, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.617631, "energy": 42.802817, "activity_lines": [ 3.94383, 4.041983, 4.11378, 4.108298 ] }, { "date": "2026-02-20", "close": 3.67391, "volume": 118888, "typical_volume": 95139.3, "trend": 4.0463, "fair_value": 8.104482, "relative_strength": -18.627795, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.90725, "energy": 61.070453, "activity_lines": [ 3.833863, 3.967005, 4.064509, 4.083789 ] }, { "date": "2026-02-27", "close": 3.67391, "volume": 61817, "typical_volume": 87108.7, "trend": 4.0463, "fair_value": 8.028002, "relative_strength": -20.251389, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.244921, "energy": 65.936568, "activity_lines": [ 3.753886, 3.898844, 4.018094, 4.059764 ] }, { "date": "2026-03-06", "close": 3.598932, "volume": 83969, "typical_volume": 82351.4, "trend": 4.038802, "fair_value": 7.95735, "relative_strength": -19.814197, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.774467, "energy": 78.512615, "activity_lines": [ 3.678909, 3.826592, 3.968466, 4.030901 ] }, { "date": "2026-03-13", "close": 3.523955, "volume": 37639, "typical_volume": 80837.95, "trend": 4.031304, "fair_value": 7.889822, "relative_strength": -18.577277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.331676, "energy": 80.3671, "activity_lines": [ 3.613928, 3.748888, 3.916338, 3.997685 ] }, { "date": "2026-03-20", "close": 2.849155, "volume": 232993, "typical_volume": 89696.9, "trend": 4.003812, "fair_value": 7.814363, "relative_strength": -32.195789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.114898, "energy": 93.990193, "activity_lines": [ 3.344008, 3.562125, 3.804586, 3.921418 ] }, { "date": "2026-03-27", "close": 2.924132, "volume": 105346, "typical_volume": 90566.25, "trend": 3.981319, "fair_value": 7.733978, "relative_strength": -29.194274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.627785, "energy": 93.451501, "activity_lines": [ 3.164061, 3.414896, 3.706758, 3.851761 ] }, { "date": "2026-04-03", "close": 2.2, "volume": 111666, "typical_volume": 93778.05, "trend": 3.917193, "fair_value": 7.651655, "relative_strength": -45.765967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.807737, "energy": 96.527772, "activity_lines": [ 2.792722, 3.157818, 3.546034, 3.736837 ] }, { "date": "2026-04-10", "close": 1.8, "volume": 559104, "typical_volume": 117929.1, "trend": 3.857229, "fair_value": 7.564966, "relative_strength": -55.857626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.033831, "energy": 97.824941, "activity_lines": [ 2.386311, 2.862991, 3.356733, 3.600244 ] }, { "date": "2026-04-17", "close": 1.65, "volume": 392554, "typical_volume": 129663.6, "trend": 3.792264, "fair_value": 7.475512, "relative_strength": -57.905184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.8619, "energy": 96.565927, "activity_lines": [ 2.049828, 2.583141, 3.164569, 3.457842 ] }, { "date": "2026-04-24", "close": 1.55, "volume": 230792, "typical_volume": 139112.95, "trend": 3.708971, "fair_value": 7.385418, "relative_strength": -59.568155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.000441, "energy": 94.597339, "activity_lines": [ 1.804942, 2.324635, 2.974304, 3.31318 ] }, { "date": "2026-05-01", "close": 1.6, "volume": 544339, "typical_volume": 163286.7, "trend": 3.619847, "fair_value": 7.297446, "relative_strength": -58.03428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.087886, "energy": 90.737696, "activity_lines": [ 1.663333, 2.116562, 2.801414, 3.177117 ] }, { "date": "2026-05-08", "close": 1.6, "volume": 490444, "typical_volume": 176436.0, "trend": 3.523224, "fair_value": 7.210376, "relative_strength": -57.645674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.616814, "energy": 89.23566, "activity_lines": [ 1.61, 1.946197, 2.640186, 3.046804 ] }, { "date": "2026-05-15", "close": 1.6, "volume": 285103, "typical_volume": 189516.1, "trend": 3.424103, "fair_value": 7.118799, "relative_strength": -56.114344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.38286, "energy": 77.949436, "activity_lines": [ 1.596667, 1.813539, 2.491332, 2.922725 ] }, { "date": "2026-05-22", "close": 1.6, "volume": 244881, "typical_volume": 201016.9, "trend": 3.327481, "fair_value": 7.027223, "relative_strength": -55.39875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.761794, "energy": 67.20591, "activity_lines": [ 1.596667, 1.717226, 2.354139, 2.805041 ] }, { "date": "2026-05-29", "close": 2.075, "volume": 708851, "typical_volume": 233010.6, "trend": 3.25419, "fair_value": 6.939592, "relative_strength": -42.415069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.586976, "energy": 59.276944, "activity_lines": [ 1.758333, 1.742257, 2.274916, 2.724236 ] }, { "date": "2026-06-05", "close": 1.85, "volume": 308678, "typical_volume": 245403.45, "trend": 3.175898, "fair_value": 6.854125, "relative_strength": -47.530368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.795346, "energy": 53.279496, "activity_lines": [ 1.81, 1.740455, 2.184735, 2.633643 ] }, { "date": "2026-06-12", "close": 2.05, "volume": 480719, "typical_volume": 262650.5, "trend": 3.104273, "fair_value": 6.769939, "relative_strength": -41.959363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.613347, "energy": 43.057584, "activity_lines": [ 1.911667, 1.794545, 2.124429, 2.561005 ] }, { "date": "2026-06-19", "close": 2.0, "volume": 486343, "typical_volume": 282204.7, "trend": 3.030981, "fair_value": 6.68914, "relative_strength": -43.054896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.689812, "energy": 33.723829, "activity_lines": [ 1.966667, 1.842273, 2.069236, 2.489761 ] }, { "date": "2026-06-26", "close": 1.8, "volume": 227027, "typical_volume": 288017.85, "trend": 2.956021, "fair_value": 6.607986, "relative_strength": -48.024438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.408218, "energy": 38.901428, "activity_lines": [ 1.928333, 1.85, 2.005108, 2.410343 ] }, { "date": "2026-07-03", "close": 1.85, "volume": 17978, "typical_volume": 286456.55, "trend": 2.877729, "fair_value": 6.524372, "relative_strength": -46.334763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.002425, "energy": 46.446571, "activity_lines": [ 1.893333, 1.864091, 1.955381, 2.338987 ] }, { "date": "2026-07-10", "close": 1.68, "volume": 254424, "typical_volume": 293233.35, "trend": 2.798769, "fair_value": 6.446157, "relative_strength": -51.169442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.901024, "energy": 72.056403, "activity_lines": [ 1.816667, 1.841818, 1.898862, 2.261714 ] }, { "date": "2026-07-17", "close": 1.695, "volume": 80215, "typical_volume": 294153.25, "trend": 2.715311, "fair_value": 6.367111, "relative_strength": -49.758497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.997822, "energy": 79.314677, "activity_lines": [ 1.756333, 1.820818, 1.853266, 2.190503 ] }, { "date": "2026-07-24", "close": 1.725, "volume": 169323, "typical_volume": 298420.95, "trend": 2.637851, "fair_value": 6.292891, "relative_strength": -48.440663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.005405, "energy": 79.208345, "activity_lines": [ 1.729667, 1.803545, 1.819951, 2.126612 ] }, { "date": "2026-07-31", "close": 1.81, "volume": 156835, "typical_volume": 304380.75, "trend": 2.555726, "fair_value": 6.220144, "relative_strength": -44.9295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.691192, "energy": 57.858689, "activity_lines": [ 1.749667, 1.799455, 1.803654, 2.073202 ] }, { "date": "2026-08-07", "close": 1.8, "volume": 180475, "typical_volume": 301754.85, "trend": 2.473269, "fair_value": 6.149186, "relative_strength": -44.989819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.225439, "energy": 49.142996, "activity_lines": [ 1.765667, 1.789727, 1.794567, 2.024446 ] } ], "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." } } }