{ "ticker": { "uuid": "7196afed-0104-4302-b6c1-e630b0d7ac74", "symbol": "CMTG", "name": "Claros Mortgage Trust Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -67.538, "architecture_energy": 68.585, "architecture_maturity": 19.947, "architecture_confidence": 82.011, "architecture_tenure": "New", "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": 18.4, "rotation_up": 9.8, "upward_expansion": 14.89, "deceleration": 37.27, "rotation_down": 76.01, "downward_expansion": 92.89 }, "activity_lines": [ 2.008667, 2.167273, 2.284619, 2.333355 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 1.94, "trend_reference": 2.423, "distance_from_trend": -0.19934, "trend_direction": "Weakening", "fair_value": 5.660616, "distance_from_fair_value": -0.657281, "fair_value_direction": "Weakening", "relative_strength": -39.15287, "relative_strength_direction": "Weakening", "price_momentum": -0.302158, "excess_performance": -0.427783, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.19934, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.110608, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.657281, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.041242, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.391529, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.110768, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.302158, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.115066, "read": "Demand-led" } ], "volume": { "latest": 4788529, "relative_activity": 1.752012, "balance": 1.115066, "dry_up": 1.291241, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.166412, "annualized_volatility": 0.632778, "from_high_reference": -0.513784, "from_low_reference": 0.172205 }, "levels": { "trend_reference": 2.423, "fair_value_reference": 5.660616, "structural_low": 1.655, "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": 25, "median_return": -0.047244, "positive_rate": 0.32, "directional_follow_through": 0.64, "median_excess_return": -0.068937, "regime_survival": 0.84, "best_return": 0.60515, "worst_return": -0.350267, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.078767, "positive_rate": 0.222222, "directional_follow_through": 0.777778, "median_excess_return": -0.10833, "regime_survival": 0.666667, "best_return": 0.209677, "worst_return": -0.465596, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.122637, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.275568, "regime_survival": 0.4, "best_return": 0.026143, "worst_return": -0.47946, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.15446, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.438328, "regime_survival": 1.0, "best_return": -0.004115, "worst_return": -0.697714, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-21", "end": "2023-12-01", "tenure": "Established", "return": 0.054316, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-01-19", "tenure": "Developing", "return": -0.012203, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-26", "end": "2024-02-16", "tenure": "New", "return": -0.18949, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-02-23", "end": "2024-03-15", "tenure": "New", "return": 0.051557, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-22", "end": "2024-07-19", "tenure": "Established", "return": -0.016786, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-09-06", "tenure": "Developing", "return": -0.189386, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2025-06-27", "tenure": "Extended", "return": -0.633009, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-22", "tenure": "Developing", "return": 0.107256, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": -0.1, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-12-19", "tenure": "Developing", "return": 0.05414, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-09", "tenure": "New", "return": -0.097403, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-06-12", "tenure": "Established", "return": -0.130137, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": -0.201465, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.096045, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.486009, "volume": 736839, "typical_volume": 1325485.45, "trend": 10.545367, "fair_value": 12.54507, "relative_strength": -24.424466, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.334079, "energy": 20.392022, "activity_lines": [ 10.046152, 10.183047, 10.02273, 10.098821 ] }, { "date": "2023-08-25", "close": 9.503924, "volume": 671506, "typical_volume": 1313985.35, "trend": 10.400754, "fair_value": 12.513058, "relative_strength": -24.104785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.124998, "energy": 32.614616, "activity_lines": [ 9.775635, 10.063641, 9.977875, 10.031631 ] }, { "date": "2023-09-01", "close": 10.301143, "volume": 1050217, "typical_volume": 1311011.7, "trend": 10.269276, "fair_value": 12.490017, "relative_strength": -19.153567, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.347762, "energy": 23.036937, "activity_lines": [ 9.869988, 10.098866, 10.012844, 10.025205 ] }, { "date": "2023-09-08", "close": 10.292186, "volume": 751360, "typical_volume": 1295595.8, "trend": 10.159898, "fair_value": 12.467359, "relative_strength": -17.610337, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.95651, "energy": 14.584021, "activity_lines": [ 10.011517, 10.116292, 10.04574, 10.026683 ] }, { "date": "2023-09-15", "close": 10.641529, "volume": 1226695, "typical_volume": 1300122.75, "trend": 10.098842, "fair_value": 12.448728, "relative_strength": -14.266275, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.139297, "energy": 15.975956, "activity_lines": [ 10.251578, 10.194793, 10.111474, 10.057756 ] }, { "date": "2023-09-22", "close": 9.978673, "volume": 860257, "typical_volume": 1282536.4, "trend": 10.03585, "fair_value": 12.423778, "relative_strength": -16.766956, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.344714, "energy": 22.456325, "activity_lines": [ 10.229483, 10.140397, 10.112808, 10.050003 ] }, { "date": "2023-09-29", "close": 10.149677, "volume": 1135688, "typical_volume": 1270884.95, "trend": 9.993677, "fair_value": 12.401037, "relative_strength": -14.544918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.009439, "energy": 19.060879, "activity_lines": [ 10.231545, 10.125886, 10.129877, 10.057347 ] }, { "date": "2023-10-06", "close": 10.22296, "volume": 1293952, "typical_volume": 1248849.2, "trend": 10.000144, "fair_value": 12.379472, "relative_strength": -14.081791, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.619001, "energy": 19.765972, "activity_lines": [ 10.214985, 10.139995, 10.150866, 10.072139 ] }, { "date": "2023-10-13", "close": 10.250441, "volume": 784152, "typical_volume": 1177249.65, "trend": 10.020686, "fair_value": 12.358599, "relative_strength": -13.81122, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.926634, "energy": 16.805504, "activity_lines": [ 10.212797, 10.174202, 10.170403, 10.088287 ] }, { "date": "2023-10-20", "close": 9.829064, "volume": 1023327, "typical_volume": 1114200.05, "trend": 10.025783, "fair_value": 12.334041, "relative_strength": -14.877267, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 10.780113, "energy": 5.75752, "activity_lines": [ 10.072933, 10.127668, 10.145196, 10.075925 ] }, { "date": "2023-10-27", "close": 9.270282, "volume": 675742, "typical_volume": 1061789.4, "trend": 9.997933, "fair_value": 12.304581, "relative_strength": -16.970112, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.979524, "energy": 23.399496, "activity_lines": [ 9.800972, 9.983072, 10.064454, 10.027183 ] }, { "date": "2023-11-03", "close": 9.96647, "volume": 874668, "typical_volume": 985130.2, "trend": 9.98606, "fair_value": 12.282314, "relative_strength": -14.915203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.702418, "energy": 20.903675, "activity_lines": [ 9.808301, 9.968978, 10.051516, 10.025153 ] }, { "date": "2023-11-10", "close": 9.755781, "volume": 633656, "typical_volume": 937819.95, "trend": 9.976418, "fair_value": 12.258478, "relative_strength": -16.916383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.007517, "energy": 26.422992, "activity_lines": [ 9.757613, 9.908167, 10.018845, 10.010296 ] }, { "date": "2023-11-17", "close": 10.845864, "volume": 1075871, "typical_volume": 943896.35, "trend": 9.997907, "fair_value": 12.245276, "relative_strength": -8.833282, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.644084, "energy": 17.69604, "activity_lines": [ 10.101432, 10.055468, 10.088354, 10.066389 ] }, { "date": "2023-11-24", "close": 10.955788, "volume": 449066, "typical_volume": 936135.5, "trend": 10.017277, "fair_value": 12.233337, "relative_strength": -7.937374, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.621222, "energy": 38.458344, "activity_lines": [ 10.442197, 10.212689, 10.165055, 10.128188 ] }, { "date": "2023-12-01", "close": 11.587853, "volume": 1199609, "typical_volume": 946392.25, "trend": 10.074776, "fair_value": 12.227415, "relative_strength": -2.730486, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.636229, "energy": 68.476045, "activity_lines": [ 10.918536, 10.479116, 10.297214, 10.229516 ] }, { "date": "2023-12-08", "close": 11.835183, "volume": 1415518, "typical_volume": 969989.5, "trend": 10.152374, "fair_value": 12.223849, "relative_strength": -0.098944, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.035918, "energy": 79.601713, "activity_lines": [ 11.322813, 10.761256, 10.44757, 10.34309 ] }, { "date": "2023-12-15", "close": 13.319161, "volume": 6520939, "typical_volume": 1218221.95, "trend": 10.284065, "fair_value": 12.233717, "relative_strength": 10.24407, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.665056, "energy": 90.06127, "activity_lines": [ 12.097169, 11.282563, 10.735236, 10.547399 ] }, { "date": "2023-12-22", "close": 12.998548, "volume": 1470352, "typical_volume": 1228928.3, "trend": 10.40796, "fair_value": 12.240546, "relative_strength": 7.142708, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.243697, "energy": 90.575096, "activity_lines": [ 12.527095, 11.689283, 10.981579, 10.722527 ] }, { "date": "2023-12-29", "close": 12.706943, "volume": 1201353, "typical_volume": 1252538.35, "trend": 10.52011, "fair_value": 12.244673, "relative_strength": 4.851051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.369628, "energy": 85.55397, "activity_lines": [ 12.716307, 11.993018, 11.185983, 10.870849 ] }, { "date": "2024-01-05", "close": 12.017058, "volume": 1721277, "typical_volume": 1301760.25, "trend": 10.601169, "fair_value": 12.242676, "relative_strength": 1.322895, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.271272, "energy": 77.290357, "activity_lines": [ 12.558814, 12.118995, 11.311906, 10.967426 ] }, { "date": "2024-01-12", "close": 11.644147, "volume": 1542679, "typical_volume": 1345318.9, "trend": 10.654761, "fair_value": 12.237472, "relative_strength": -2.877242, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.080749, "energy": 49.022622, "activity_lines": [ 12.248404, 12.127228, 11.39026, 11.034715 ] }, { "date": "2024-01-19", "close": 11.690761, "volume": 928786, "typical_volume": 1339247.35, "trend": 10.730726, "fair_value": 12.232759, "relative_strength": -2.874653, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.06463, "energy": 32.045743, "activity_lines": [ 11.966267, 12.113433, 11.462862, 11.101553 ] }, { "date": "2024-01-26", "close": 11.709406, "volume": 1087911, "typical_volume": 1356074.9, "trend": 10.782445, "fair_value": 12.228286, "relative_strength": -2.919043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.437593, "energy": 24.306541, "activity_lines": [ 11.798905, 12.067847, 11.530623, 11.164694 ] }, { "date": "2024-02-02", "close": 10.599996, "volume": 1904425, "typical_volume": 1389961.4, "trend": 10.803753, "fair_value": 12.214487, "relative_strength": -12.42287, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.891073, "energy": 20.489119, "activity_lines": [ 11.347683, 11.804849, 11.485977, 11.152923 ] }, { "date": "2024-02-09", "close": 9.360067, "volume": 1926952, "typical_volume": 1443296.15, "trend": 10.767009, "fair_value": 12.1905, "relative_strength": -22.808627, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.50566, "energy": 36.547416, "activity_lines": [ 10.623614, 11.322878, 11.32344, 11.059782 ] }, { "date": "2024-02-16", "close": 9.490586, "volume": 1659539, "typical_volume": 1469488.7, "trend": 10.717, "fair_value": 12.168001, "relative_strength": -20.705032, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.425962, "energy": 44.214585, "activity_lines": [ 10.120184, 10.905143, 11.176279, 10.977432 ] }, { "date": "2024-02-23", "close": 8.679504, "volume": 1728913, "typical_volume": 1491236.75, "trend": 10.637864, "fair_value": 12.13917, "relative_strength": -27.902459, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.521798, "energy": 68.605389, "activity_lines": [ 9.489964, 10.382568, 10.955011, 10.845981 ] }, { "date": "2024-03-01", "close": 9.182934, "volume": 1250405, "typical_volume": 1514549.4, "trend": 10.609847, "fair_value": 12.114939, "relative_strength": -23.798662, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.782312, "energy": 68.192297, "activity_lines": [ 9.228305, 10.035883, 10.789039, 10.752114 ] }, { "date": "2024-03-08", "close": 9.238871, "volume": 1267745, "typical_volume": 1526770.3, "trend": 10.583694, "fair_value": 12.091556, "relative_strength": -22.637719, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.026556, "energy": 68.466091, "activity_lines": [ 9.153723, 9.768743, 10.633477, 10.663664 ] }, { "date": "2024-03-15", "close": 9.126997, "volume": 1960215, "typical_volume": 1590993.95, "trend": 10.571727, "fair_value": 12.067648, "relative_strength": -23.077891, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.403874, "energy": 76.860553, "activity_lines": [ 9.132591, 9.544319, 10.470071, 10.569684 ] }, { "date": "2024-03-22", "close": 9.043092, "volume": 1338417, "typical_volume": 1614181.4, "trend": 10.556366, "fair_value": 12.043452, "relative_strength": -24.986935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.218073, "energy": 60.778421, "activity_lines": [ 9.099029, 9.357185, 10.299356, 10.471062 ] }, { "date": "2024-03-29", "close": 9.340255, "volume": 882806, "typical_volume": 1626638.9, "trend": 10.524336, "fair_value": 12.021998, "relative_strength": -22.333293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.317893, "energy": 48.936894, "activity_lines": [ 9.194354, 9.271373, 10.16134, 10.392604 ] }, { "date": "2024-04-05", "close": 8.957457, "volume": 892801, "typical_volume": 1617485.4, "trend": 10.479845, "fair_value": 11.997868, "relative_strength": -24.323304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.055075, "energy": 50.468649, "activity_lines": [ 9.11803, 9.158698, 9.988845, 10.291515 ] }, { "date": "2024-04-12", "close": 8.306702, "volume": 1255097, "typical_volume": 1657786.95, "trend": 10.402017, "fair_value": 11.96903, "relative_strength": -28.269438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.153584, "energy": 56.201701, "activity_lines": [ 8.839819, 8.977739, 9.763367, 10.151312 ] }, { "date": "2024-04-19", "close": 8.56509, "volume": 1618525, "typical_volume": 1678732.75, "trend": 10.354898, "fair_value": 11.942643, "relative_strength": -23.185581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.43679, "energy": 53.744004, "activity_lines": [ 8.709882, 8.885456, 9.575111, 10.032801 ] }, { "date": "2024-04-26", "close": 8.335412, "volume": 1019783, "typical_volume": 1658946.0, "trend": 10.294422, "fair_value": 11.914895, "relative_strength": -26.613948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.080312, "energy": 65.002086, "activity_lines": [ 8.540846, 8.765867, 9.379375, 9.902511 ] }, { "date": "2024-05-03", "close": 8.890468, "volume": 1566897, "typical_volume": 1411243.9, "trend": 10.250006, "fair_value": 11.891808, "relative_strength": -21.728805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.043103, "energy": 56.284602, "activity_lines": [ 8.604008, 8.768201, 9.253167, 9.811933 ] }, { "date": "2024-05-10", "close": 8.038744, "volume": 2077836, "typical_volume": 1441618.1, "trend": 10.176283, "fair_value": 11.862618, "relative_strength": -30.040458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.811214, "energy": 61.700983, "activity_lines": [ 8.413247, 8.611841, 9.066932, 9.669271 ] }, { "date": "2024-05-17", "close": 8.153583, "volume": 1686299, "typical_volume": 1465865.4, "trend": 10.120433, "fair_value": 11.834731, "relative_strength": -29.747625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.547643, "energy": 56.362152, "activity_lines": [ 8.322014, 8.497163, 8.915252, 9.538775 ] }, { "date": "2024-05-24", "close": 6.957341, "volume": 2025237, "typical_volume": 1481063.4, "trend": 10.043335, "fair_value": 11.798332, "relative_strength": -39.561483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.904593, "energy": 77.825608, "activity_lines": [ 7.842241, 8.18472, 8.671326, 9.334704 ] }, { "date": "2024-05-31", "close": 7.550677, "volume": 2765473, "typical_volume": 1542203.1, "trend": 9.962809, "fair_value": 11.766868, "relative_strength": -33.69033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.978925, "energy": 72.811519, "activity_lines": [ 7.66743, 8.019604, 8.508003, 9.173887 ] }, { "date": "2024-06-07", "close": 7.847345, "volume": 1529590, "typical_volume": 1572243.3, "trend": 9.899194, "fair_value": 11.738048, "relative_strength": -31.458042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.443396, "energy": 60.719481, "activity_lines": [ 7.643824, 7.935562, 8.392427, 9.037406 ] }, { "date": "2024-06-14", "close": 7.742076, "volume": 1022290, "typical_volume": 1568962.25, "trend": 9.795735, "fair_value": 11.70888, "relative_strength": -32.939531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.92557, "energy": 55.405299, "activity_lines": [ 7.65467, 7.859525, 8.285127, 8.898237 ] }, { "date": "2024-06-21", "close": 7.971754, "volume": 2282617, "typical_volume": 1587871.85, "trend": 9.696267, "fair_value": 11.6818, "relative_strength": -30.931058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.6433, "energy": 44.583145, "activity_lines": [ 7.761854, 7.847345, 8.218593, 8.780561 ] }, { "date": "2024-06-28", "close": 7.914335, "volume": 1845805, "typical_volume": 1583814.5, "trend": 9.573816, "fair_value": 11.654696, "relative_strength": -30.846489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.986342, "energy": 33.178736, "activity_lines": [ 7.862019, 7.830815, 8.159106, 8.665597 ] }, { "date": "2024-07-05", "close": 7.924203, "volume": 1058239, "typical_volume": 1553749.5, "trend": 9.44345, "fair_value": 11.628049, "relative_strength": -31.513361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.481076, "energy": 28.639584, "activity_lines": [ 7.901674, 7.827912, 8.107443, 8.559171 ] }, { "date": "2024-07-12", "close": 8.644585, "volume": 1283473, "typical_volume": 1531477.5, "trend": 9.287631, "fair_value": 11.60689, "relative_strength": -25.439022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.855626, "energy": 16.467448, "activity_lines": [ 8.156555, 7.963463, 8.131847, 8.507631 ] }, { "date": "2024-07-19", "close": 8.891291, "volume": 1695783, "typical_volume": 1553746.4, "trend": 9.150723, "fair_value": 11.587766, "relative_strength": -21.155526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.725278, "energy": 13.681829, "activity_lines": [ 8.440522, 8.14834, 8.179914, 8.482061 ] }, { "date": "2024-07-26", "close": 9.483386, "volume": 1569956, "typical_volume": 1568856.95, "trend": 9.043271, "fair_value": 11.57305, "relative_strength": -14.633783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.161673, "energy": 25.074372, "activity_lines": [ 8.845239, 8.425371, 8.285759, 8.503523 ] }, { "date": "2024-08-02", "close": 8.989974, "volume": 2008011, "typical_volume": 1571246.75, "trend": 8.942368, "fair_value": 11.555112, "relative_strength": -16.86223, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.788632, "energy": 30.687107, "activity_lines": [ 8.984711, 8.588512, 8.343448, 8.500084 ] }, { "date": "2024-08-09", "close": 8.091963, "volume": 2202305, "typical_volume": 1614441.15, "trend": 8.823962, "fair_value": 11.531228, "relative_strength": -24.634838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.385678, "energy": 19.650466, "activity_lines": [ 8.753136, 8.551421, 8.316264, 8.44522 ] }, { "date": "2024-08-16", "close": 7.864993, "volume": 1424267, "typical_volume": 1641514.2, "trend": 8.696436, "fair_value": 11.506117, "relative_strength": -29.034426, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.055951, "energy": 16.269487, "activity_lines": [ 8.43472, 8.463221, 8.271994, 8.383351 ] }, { "date": "2024-08-23", "close": 7.983412, "volume": 1045058, "typical_volume": 1649127.05, "trend": 8.572236, "fair_value": 11.482153, "relative_strength": -28.437823, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.366874, "energy": 24.534206, "activity_lines": [ 8.20775, 8.396231, 8.246026, 8.337349 ] }, { "date": "2024-08-30", "close": 7.894598, "volume": 1142816, "typical_volume": 1643513.0, "trend": 8.482057, "fair_value": 11.457913, "relative_strength": -28.797446, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.166066, "energy": 35.219331, "activity_lines": [ 8.011701, 8.308706, 8.216239, 8.29363 ] }, { "date": "2024-09-06", "close": 7.687365, "volume": 2079311, "typical_volume": 1666552.3, "trend": 8.4263, "fair_value": 11.432607, "relative_strength": -27.017877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.733081, "energy": 40.332173, "activity_lines": [ 7.852493, 8.184904, 8.168677, 8.24236 ] }, { "date": "2024-09-13", "close": 7.874862, "volume": 2167186, "typical_volume": 1723922.45, "trend": 8.372442, "fair_value": 11.408889, "relative_strength": -27.384227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.995222, "energy": 47.640788, "activity_lines": [ 7.842625, 8.099319, 8.143152, 8.206783 ] }, { "date": "2024-09-20", "close": 7.934071, "volume": 3364209, "typical_volume": 1813788.05, "trend": 8.347595, "fair_value": 11.385877, "relative_strength": -27.173249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.473982, "energy": 40.23578, "activity_lines": [ 7.866967, 8.025397, 8.125459, 8.178501 ] }, { "date": "2024-09-27", "close": 7.549209, "volume": 1382087, "typical_volume": 1779000.6, "trend": 8.293137, "fair_value": 11.360636, "relative_strength": -30.337844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.153177, "energy": 39.427094, "activity_lines": [ 7.758416, 7.894419, 8.075667, 8.126993 ] }, { "date": "2024-10-04", "close": 6.89, "volume": 1645165, "typical_volume": 1776943.9, "trend": 8.214841, "fair_value": 11.331416, "relative_strength": -35.800788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.07274, "energy": 55.300177, "activity_lines": [ 7.459076, 7.667985, 7.965424, 8.036468 ] }, { "date": "2024-10-11", "close": 6.18, "volume": 2159652, "typical_volume": 1783664.65, "trend": 8.116608, "fair_value": 11.297965, "relative_strength": -42.277109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.389236, "energy": 78.67098, "activity_lines": [ 6.990042, 7.359614, 7.793579, 7.905188 ] }, { "date": "2024-10-18", "close": 6.42, "volume": 2254832, "typical_volume": 1758132.6, "trend": 8.029172, "fair_value": 11.266494, "relative_strength": -39.754658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.070828, "energy": 81.37202, "activity_lines": [ 6.701499, 7.145969, 7.648293, 7.795729 ] }, { "date": "2024-10-25", "close": 6.26, "volume": 1421326, "typical_volume": 1752719.4, "trend": 7.926497, "fair_value": 11.234401, "relative_strength": -39.928253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.180096, "energy": 85.559887, "activity_lines": [ 6.456614, 6.933632, 7.493153, 7.681589 ] }, { "date": "2024-11-01", "close": 6.33, "volume": 1509886, "typical_volume": 1777099.2, "trend": 7.838915, "fair_value": 11.193666, "relative_strength": -37.595088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.125881, "energy": 85.02988, "activity_lines": [ 6.346667, 6.763204, 7.352238, 7.578589 ] }, { "date": "2024-11-08", "close": 7.51, "volume": 2236343, "typical_volume": 1774785.5, "trend": 7.812358, "fair_value": 11.162594, "relative_strength": -28.557572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.234488, "energy": 55.082447, "activity_lines": [ 6.711333, 6.837384, 7.330429, 7.557369 ] }, { "date": "2024-11-15", "close": 6.7, "volume": 1536953, "typical_volume": 1759342.9, "trend": 7.750188, "fair_value": 11.121796, "relative_strength": -33.973924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.521782, "energy": 43.672903, "activity_lines": [ 6.764667, 6.771284, 7.233675, 7.485604 ] }, { "date": "2024-11-22", "close": 6.48, "volume": 1497107, "typical_volume": 1781286.3, "trend": 7.688341, "fair_value": 11.081927, "relative_strength": -36.232376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.658956, "energy": 37.692093, "activity_lines": [ 6.71, 6.683136, 7.121752, 7.403656 ] }, { "date": "2024-11-29", "close": 6.79, "volume": 1460830, "typical_volume": 1790154.15, "trend": 7.618326, "fair_value": 11.037888, "relative_strength": -32.879715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.021708, "energy": 27.144296, "activity_lines": [ 6.754667, 6.676713, 7.046229, 7.345699 ] }, { "date": "2024-12-06", "close": 6.17, "volume": 1571017, "typical_volume": 1783915.85, "trend": 7.556034, "fair_value": 10.995316, "relative_strength": -38.413636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.371857, "energy": 46.447644, "activity_lines": [ 6.557333, 6.578364, 6.920491, 7.252258 ] }, { "date": "2024-12-13", "close": 6.39, "volume": 1104723, "typical_volume": 1760654.2, "trend": 7.497248, "fair_value": 10.956253, "relative_strength": -34.455687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.635041, "energy": 44.72857, "activity_lines": [ 6.444, 6.545091, 6.828663, 7.17703 ] }, { "date": "2024-12-20", "close": 4.24, "volume": 3541247, "typical_volume": 1837316.0, "trend": 7.40667, "fair_value": 10.906224, "relative_strength": -54.582815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.760892, "energy": 82.241489, "activity_lines": [ 5.688667, 6.13, 6.546804, 6.966885 ] }, { "date": "2024-12-27", "close": 4.09, "volume": 1584521, "typical_volume": 1806426.8, "trend": 7.291314, "fair_value": 10.852392, "relative_strength": -55.375949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.257948, "energy": 94.278857, "activity_lines": [ 5.047333, 5.722909, 6.273277, 6.752906 ] }, { "date": "2025-01-03", "close": 4.48, "volume": 2720704, "typical_volume": 1871248.65, "trend": 7.179069, "fair_value": 10.798277, "relative_strength": -49.710265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.525626, "energy": 89.762817, "activity_lines": [ 4.695333, 5.429091, 6.055951, 6.571531 ] }, { "date": "2025-01-10", "close": 3.81, "volume": 2683325, "typical_volume": 1953162.0, "trend": 7.048, "fair_value": 10.73469, "relative_strength": -55.349803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.265573, "energy": 93.516411, "activity_lines": [ 4.274, 5.045818, 5.790934, 6.354172 ] }, { "date": "2025-01-17", "close": 3.86, "volume": 2008659, "typical_volume": 1996454.15, "trend": 6.910942, "fair_value": 10.672009, "relative_strength": -54.992723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.535847, "energy": 89.707956, "activity_lines": [ 4.026667, 4.717455, 5.550553, 6.148495 ] }, { "date": "2025-01-24", "close": 3.52, "volume": 1692593, "typical_volume": 1977118.25, "trend": 6.764464, "fair_value": 10.607393, "relative_strength": -58.630677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.426255, "energy": 85.345275, "activity_lines": [ 3.834667, 4.393636, 5.297003, 5.929724 ] }, { "date": "2025-01-31", "close": 3.3, "volume": 2285284, "typical_volume": 1983023.15, "trend": 6.610324, "fair_value": 10.542588, "relative_strength": -59.926014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.200856, "energy": 75.301973, "activity_lines": [ 3.617333, 4.087636, 5.042345, 5.70621 ] }, { "date": "2025-02-07", "close": 3.29, "volume": 3257875, "typical_volume": 1977706.45, "trend": 6.431837, "fair_value": 10.477035, "relative_strength": -59.207178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.05784, "energy": 69.237417, "activity_lines": [ 3.449333, 3.837636, 4.80852, 5.491996 ] }, { "date": "2025-02-14", "close": 3.11, "volume": 4297628, "typical_volume": 2123483.5, "trend": 6.239128, "fair_value": 10.415407, "relative_strength": -61.218109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.502188, "energy": 72.949487, "activity_lines": [ 3.300667, 3.618545, 4.579667, 5.277684 ] }, { "date": "2025-02-21", "close": 2.92, "volume": 4491418, "typical_volume": 2265796.15, "trend": 6.020348, "fair_value": 10.349729, "relative_strength": -62.309364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.11818, "energy": 73.364251, "activity_lines": [ 3.135333, 3.420545, 4.353857, 5.063547 ] }, { "date": "2025-02-28", "close": 2.33, "volume": 8808343, "typical_volume": 2598230.7, "trend": 5.798349, "fair_value": 10.282515, "relative_strength": -68.976709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.462879, "energy": 80.975968, "activity_lines": [ 2.836, 3.178364, 4.090762, 4.82546 ] }, { "date": "2025-03-07", "close": 3.07, "volume": 13800929, "typical_volume": 3175535.55, "trend": 5.63095, "fair_value": 10.218238, "relative_strength": -56.979863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.74117, "energy": 64.872607, "activity_lines": [ 2.862667, 3.105455, 3.916476, 4.649437 ] }, { "date": "2025-03-14", "close": 3.99, "volume": 9857649, "typical_volume": 3597351.7, "trend": 5.501784, "fair_value": 10.161519, "relative_strength": -41.793024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.174255, "energy": 53.441598, "activity_lines": [ 3.211333, 3.218364, 3.845762, 4.543569 ] }, { "date": "2025-03-21", "close": 4.13, "volume": 12832942, "typical_volume": 4163504.5, "trend": 5.373337, "fair_value": 10.100813, "relative_strength": -39.073037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.809176, "energy": 41.533731, "activity_lines": [ 3.56, 3.365636, 3.79919, 4.455067 ] }, { "date": "2025-03-28", "close": 3.74, "volume": 5502410, "typical_volume": 4326807.85, "trend": 5.23485, "fair_value": 10.035604, "relative_strength": -42.964308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.410418, "energy": 29.868447, "activity_lines": [ 3.710667, 3.436182, 3.725952, 4.349691 ] }, { "date": "2025-04-04", "close": 3.11, "volume": 5461988, "typical_volume": 4523059.6, "trend": 5.082271, "fair_value": 9.96491, "relative_strength": -46.86081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.961423, "energy": 31.294343, "activity_lines": [ 3.596667, 3.394364, 3.610667, 4.212604 ] }, { "date": "2025-04-11", "close": 2.31, "volume": 7758016, "typical_volume": 4836105.05, "trend": 4.896776, "fair_value": 9.890883, "relative_strength": -61.880285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.267749, "energy": 49.589933, "activity_lines": [ 3.164, 3.214545, 3.436286, 4.033747 ] }, { "date": "2025-04-18", "close": 2.36, "volume": 3414019, "typical_volume": 4933764.5, "trend": 4.710974, "fair_value": 9.810846, "relative_strength": -59.605983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.712828, "energy": 61.186945, "activity_lines": [ 2.798667, 3.061818, 3.286524, 3.870084 ] }, { "date": "2025-04-25", "close": 2.43, "volume": 3637497, "typical_volume": 5037088.5, "trend": 4.540333, "fair_value": 9.74033, "relative_strength": -59.379725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.695055, "energy": 77.036066, "activity_lines": [ 2.565333, 2.938727, 3.164524, 3.722925 ] }, { "date": "2025-05-02", "close": 2.69, "volume": 2792064, "typical_volume": 5121455.55, "trend": 4.400333, "fair_value": 9.663455, "relative_strength": -55.2946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.173313, "energy": 75.932201, "activity_lines": [ 2.532, 2.875273, 3.085095, 3.603548 ] }, { "date": "2025-05-09", "close": 2.43, "volume": 4335645, "typical_volume": 5161175.45, "trend": 4.275333, "fair_value": 9.581573, "relative_strength": -58.593047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.261455, "energy": 69.12252, "activity_lines": [ 2.482, 2.768727, 2.998524, 3.47643 ] }, { "date": "2025-05-16", "close": 2.56, "volume": 3753311, "typical_volume": 5269614.95, "trend": 4.146667, "fair_value": 9.497334, "relative_strength": -57.686758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.640365, "energy": 49.741391, "activity_lines": [ 2.520667, 2.684, 2.932952, 3.365763 ] }, { "date": "2025-05-23", "close": 2.34, "volume": 4920390, "typical_volume": 5379599.25, "trend": 4.016, "fair_value": 9.411884, "relative_strength": -59.608269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.690822, "energy": 48.132406, "activity_lines": [ 2.469333, 2.568545, 2.853714, 3.249204 ] }, { "date": "2025-05-30", "close": 2.57, "volume": 5313029, "typical_volume": 5511084.45, "trend": 3.890667, "fair_value": 9.325117, "relative_strength": -55.545444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.436025, "energy": 43.627589, "activity_lines": [ 2.496, 2.524909, 2.806571, 3.155914 ] }, { "date": "2025-06-06", "close": 2.91, "volume": 4168112, "typical_volume": 5619057.1, "trend": 3.737333, "fair_value": 9.250499, "relative_strength": -49.49071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.327625, "energy": 32.294183, "activity_lines": [ 2.626667, 2.571455, 2.797714, 3.092645 ] }, { "date": "2025-06-13", "close": 2.99, "volume": 3369742, "typical_volume": 5702914.55, "trend": 3.613667, "fair_value": 9.173952, "relative_strength": -46.914289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.807633, "energy": 24.704639, "activity_lines": [ 2.769333, 2.647636, 2.801, 3.04443 ] }, { "date": "2025-06-20", "close": 3.1, "volume": 5772745, "typical_volume": 5877287.6, "trend": 3.501, "fair_value": 9.103344, "relative_strength": -43.775142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.07609, "energy": 18.510435, "activity_lines": [ 2.911333, 2.746, 2.817286, 3.01129 ] }, { "date": "2025-06-27", "close": 2.89, "volume": 6545453, "typical_volume": 6041666.5, "trend": 3.371, "fair_value": 9.035823, "relative_strength": -48.26766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.846973, "energy": 20.240734, "activity_lines": [ 2.947333, 2.791818, 2.814524, 2.971871 ] }, { "date": "2025-07-04", "close": 3.17, "volume": 2546545, "typical_volume": 5954112.35, "trend": 3.271, "fair_value": 8.969537, "relative_strength": -43.06975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.606442, "energy": 14.769735, "activity_lines": [ 3.04, 2.878909, 2.840333, 2.958903 ] }, { "date": "2025-07-11", "close": 3.19, "volume": 2735519, "typical_volume": 5866317.4, "trend": 3.164333, "fair_value": 8.899304, "relative_strength": -41.217838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.868473, "energy": 18.140664, "activity_lines": [ 3.099333, 2.956182, 2.867762, 2.953677 ] }, { "date": "2025-07-18", "close": 3.06, "volume": 2665990, "typical_volume": 5559199.75, "trend": 3.125, "fair_value": 8.824365, "relative_strength": -42.505311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.523411, "energy": 16.590292, "activity_lines": [ 3.096667, 3.000727, 2.881524, 2.946946 ] }, { "date": "2025-07-25", "close": 3.18, "volume": 3844984, "typical_volume": 5061402.5, "trend": 3.094667, "fair_value": 8.747139, "relative_strength": -39.406143, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.070555, "energy": 32.598152, "activity_lines": [ 3.129333, 3.055636, 2.903238, 2.950495 ] }, { "date": "2025-08-01", "close": 2.79, "volume": 2735275, "typical_volume": 4705283.8, "trend": 3.038333, "fair_value": 8.66996, "relative_strength": -43.872372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.61154, "energy": 14.808954, "activity_lines": [ 3.026667, 3.028364, 2.887286, 2.930839 ] }, { "date": "2025-08-08", "close": 3.35, "volume": 3693976, "typical_volume": 4248335.5, "trend": 3.023, "fair_value": 8.596167, "relative_strength": -32.602326, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.328002, "energy": 17.563773, "activity_lines": [ 3.117333, 3.094727, 2.930381, 2.950946 ] }, { "date": "2025-08-15", "close": 3.48, "volume": 3002231, "typical_volume": 4123326.55, "trend": 3.010333, "fair_value": 8.523717, "relative_strength": -29.102615, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.359596, "energy": 30.598298, "activity_lines": [ 3.239333, 3.170545, 2.989571, 2.98043 ] }, { "date": "2025-08-22", "close": 3.51, "volume": 2825249, "typical_volume": 3991489.6, "trend": 3.01, "fair_value": 8.452019, "relative_strength": -27.05483, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.337893, "energy": 50.088629, "activity_lines": [ 3.352, 3.241455, 3.052857, 3.012667 ] }, { "date": "2025-08-29", "close": 3.7, "volume": 2717741, "typical_volume": 3739475.85, "trend": 3.023333, "fair_value": 8.39071, "relative_strength": -21.362844, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.534977, "energy": 71.278748, "activity_lines": [ 3.498, 3.337455, 3.132333, 3.057183 ] }, { "date": "2025-09-05", "close": 3.85, "volume": 2375557, "typical_volume": 3687552.75, "trend": 3.042, "fair_value": 8.329394, "relative_strength": -16.592524, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.299202, "energy": 77.605087, "activity_lines": [ 3.659333, 3.449818, 3.219476, 3.110516 ] }, { "date": "2025-09-12", "close": 3.78, "volume": 3090999, "typical_volume": 3660227.85, "trend": 3.064333, "fair_value": 8.277003, "relative_strength": -17.499085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.05714, "energy": 75.782773, "activity_lines": [ 3.726667, 3.532, 3.292857, 3.158129 ] }, { "date": "2025-09-19", "close": 3.75, "volume": 5305225, "typical_volume": 3785885.9, "trend": 3.092, "fair_value": 8.230126, "relative_strength": -17.220687, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.797246, "energy": 70.385501, "activity_lines": [ 3.755333, 3.597636, 3.356952, 3.202366 ] }, { "date": "2025-09-26", "close": 3.39, "volume": 2664318, "typical_volume": 3702319.55, "trend": 3.127333, "fair_value": 8.190193, "relative_strength": -23.169532, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.045689, "energy": 44.397002, "activity_lines": [ 3.646, 3.587636, 3.381714, 3.221591 ] }, { "date": "2025-10-03", "close": 3.33, "volume": 1927287, "typical_volume": 3611018.35, "trend": 3.136, "fair_value": 8.14709, "relative_strength": -23.781055, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.893239, "energy": 28.307484, "activity_lines": [ 3.524667, 3.560727, 3.39619, 3.234667 ] }, { "date": "2025-10-10", "close": 3.14, "volume": 2160899, "typical_volume": 3473043.8, "trend": 3.107667, "fair_value": 8.09736, "relative_strength": -25.026609, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.548228, "energy": 19.606374, "activity_lines": [ 3.364667, 3.496545, 3.388905, 3.234925 ] }, { "date": "2025-10-17", "close": 3.28, "volume": 1886277, "typical_volume": 3301706.2, "trend": 3.079333, "fair_value": 8.045218, "relative_strength": -21.571204, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.960083, "energy": 22.966553, "activity_lines": [ 3.298667, 3.451455, 3.391143, 3.246043 ] }, { "date": "2025-10-24", "close": 3.58, "volume": 1175640, "typical_volume": 3152082.6, "trend": 3.074, "fair_value": 7.983602, "relative_strength": -14.54676, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.333136, "energy": 22.120257, "activity_lines": [ 3.366, 3.462182, 3.418571, 3.278344 ] }, { "date": "2025-10-31", "close": 3.2, "volume": 1277666, "typical_volume": 3047478.8, "trend": 3.077, "fair_value": 7.920074, "relative_strength": -22.584904, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.178091, "energy": 11.731743, "activity_lines": [ 3.318, 3.402, 3.406619, 3.286473 ] }, { "date": "2025-11-07", "close": 3.26, "volume": 1926894, "typical_volume": 2855186.25, "trend": 3.108667, "fair_value": 7.846427, "relative_strength": -17.782385, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.632536, "energy": 8.779552, "activity_lines": [ 3.302667, 3.358364, 3.399381, 3.29828 ] }, { "date": "2025-11-14", "close": 3.09, "volume": 2264098, "typical_volume": 2641118.5, "trend": 3.133, "fair_value": 7.772477, "relative_strength": -20.372946, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.763171, "energy": 7.540428, "activity_lines": [ 3.235333, 3.291818, 3.37519, 3.297075 ] }, { "date": "2025-11-21", "close": 3.01, "volume": 2580723, "typical_volume": 2642827.4, "trend": 3.152333, "fair_value": 7.697227, "relative_strength": -19.181542, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.857248, "energy": 26.734745, "activity_lines": [ 3.144667, 3.224545, 3.342429, 3.28914 ] }, { "date": "2025-11-28", "close": 3.33, "volume": 1997914, "typical_volume": 2605947.15, "trend": 3.173667, "fair_value": 7.628597, "relative_strength": -11.816412, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.301586, "energy": 17.757756, "activity_lines": [ 3.178667, 3.229455, 3.340905, 3.300602 ] }, { "date": "2025-12-05", "close": 3.46, "volume": 1529861, "typical_volume": 2549140.7, "trend": 3.208, "fair_value": 7.560381, "relative_strength": -6.988809, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.338759, "energy": 13.904904, "activity_lines": [ 3.272667, 3.265636, 3.351095, 3.319075 ] }, { "date": "2025-12-12", "close": 3.47, "volume": 1869572, "typical_volume": 2450370.1, "trend": 3.238333, "fair_value": 7.500685, "relative_strength": -4.277358, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.116279, "energy": 16.018271, "activity_lines": [ 3.352667, 3.302364, 3.360333, 3.335978 ] }, { "date": "2025-12-19", "close": 3.31, "volume": 2306011, "typical_volume": 2428906.9, "trend": 3.270667, "fair_value": 7.439439, "relative_strength": -8.007369, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.041686, "energy": 19.341172, "activity_lines": [ 3.365333, 3.307455, 3.352952, 3.340602 ] }, { "date": "2025-12-26", "close": 3.08, "volume": 1089854, "typical_volume": 2298700.8, "trend": 3.287667, "fair_value": 7.37998, "relative_strength": -14.832723, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.810216, "energy": 9.216117, "activity_lines": [ 3.286667, 3.267636, 3.32119, 3.328301 ] }, { "date": "2026-01-02", "close": 3.09, "volume": 1259026, "typical_volume": 2211540.55, "trend": 3.293667, "fair_value": 7.317678, "relative_strength": -12.65847, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.535865, "energy": 17.320967, "activity_lines": [ 3.206667, 3.233273, 3.291667, 3.315548 ] }, { "date": "2026-01-09", "close": 2.78, "volume": 1798203, "typical_volume": 2160188.25, "trend": 3.286667, "fair_value": 7.248488, "relative_strength": -21.890645, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.470925, "energy": 57.852285, "activity_lines": [ 3.039333, 3.151455, 3.234476, 3.282409 ] }, { "date": "2026-01-16", "close": 2.92, "volume": 1360463, "typical_volume": 2092324.35, "trend": 3.280667, "fair_value": 7.18052, "relative_strength": -16.950728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.454028, "energy": 62.43931, "activity_lines": [ 2.964, 3.102727, 3.194095, 3.258753 ] }, { "date": "2026-01-23", "close": 2.82, "volume": 1149942, "typical_volume": 2031043.6, "trend": 3.278333, "fair_value": 7.109864, "relative_strength": -18.97075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.504069, "energy": 67.371219, "activity_lines": [ 2.892, 3.042, 3.147905, 3.229032 ] }, { "date": "2026-01-30", "close": 2.74, "volume": 2710719, "typical_volume": 2012029.6, "trend": 3.264, "fair_value": 7.036111, "relative_strength": -21.10409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.599662, "energy": 71.288735, "activity_lines": [ 2.826, 2.971636, 3.099, 3.194301 ] }, { "date": "2026-02-06", "close": 2.78, "volume": 2193859, "typical_volume": 1856461.3, "trend": 3.250333, "fair_value": 6.966921, "relative_strength": -19.327531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.272328, "energy": 65.827626, "activity_lines": [ 2.796, 2.913455, 3.058857, 3.163075 ] }, { "date": "2026-02-13", "close": 2.57, "volume": 2125624, "typical_volume": 1829526.6, "trend": 3.234, "fair_value": 6.903439, "relative_strength": -24.044017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.848214, "energy": 69.454019, "activity_lines": [ 2.716667, 2.827091, 3.003333, 3.119183 ] }, { "date": "2026-02-20", "close": 2.35, "volume": 2927751, "typical_volume": 1879549.8, "trend": 3.206333, "fair_value": 6.842424, "relative_strength": -30.914078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.455857, "energy": 77.542306, "activity_lines": [ 2.578, 2.716909, 2.930762, 3.062151 ] }, { "date": "2026-02-27", "close": 2.39, "volume": 3852744, "typical_volume": 1964142.05, "trend": 3.193, "fair_value": 6.784572, "relative_strength": -29.252546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.733931, "energy": 79.152666, "activity_lines": [ 2.490667, 2.634364, 2.866667, 3.009484 ] }, { "date": "2026-03-06", "close": 2.62, "volume": 5389115, "typical_volume": 2139283.95, "trend": 3.168667, "fair_value": 6.737079, "relative_strength": -20.409272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.63584, "energy": 60.939318, "activity_lines": [ 2.508667, 2.610364, 2.828048, 2.972516 ] }, { "date": "2026-03-13", "close": 2.3, "volume": 3168505, "typical_volume": 2238927.2, "trend": 3.129333, "fair_value": 6.690065, "relative_strength": -28.01978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.599553, "energy": 62.554332, "activity_lines": [ 2.428, 2.536545, 2.762095, 2.916473 ] }, { "date": "2026-03-20", "close": 2.08, "volume": 3741494, "typical_volume": 2362118.6, "trend": 3.081667, "fair_value": 6.641371, "relative_strength": -32.586045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.736627, "energy": 62.047344, "activity_lines": [ 2.306, 2.437091, 2.681286, 2.848774 ] }, { "date": "2026-03-27", "close": 2.27, "volume": 2456568, "typical_volume": 2388602.3, "trend": 3.034, "fair_value": 6.591142, "relative_strength": -23.753018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.166183, "energy": 53.184562, "activity_lines": [ 2.28, 2.384909, 2.623905, 2.796409 ] }, { "date": "2026-04-03", "close": 2.34, "volume": 1464243, "typical_volume": 2348609.55, "trend": 2.983667, "fair_value": 6.539971, "relative_strength": -23.170931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.804796, "energy": 51.248035, "activity_lines": [ 2.282667, 2.357273, 2.577905, 2.751634 ] }, { "date": "2026-04-10", "close": 2.54, "volume": 1289231, "typical_volume": 2284034.95, "trend": 2.942333, "fair_value": 6.491862, "relative_strength": -19.291524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.39092, "energy": 43.082601, "activity_lines": [ 2.355333, 2.374727, 2.554524, 2.723011 ] }, { "date": "2026-04-17", "close": 2.69, "volume": 1837964, "typical_volume": 2276037.45, "trend": 2.907, "fair_value": 6.443713, "relative_strength": -17.963709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.420614, "energy": 24.145297, "activity_lines": [ 2.483333, 2.423091, 2.547667, 2.706731 ] }, { "date": "2026-04-24", "close": 2.61, "volume": 1305319, "typical_volume": 2264810.35, "trend": 2.881, "fair_value": 6.39394, "relative_strength": -20.559813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.290884, "energy": 21.181139, "activity_lines": [ 2.558667, 2.458545, 2.536238, 2.68757 ] }, { "date": "2026-05-01", "close": 2.72, "volume": 1408013, "typical_volume": 2241732.4, "trend": 2.860667, "fair_value": 6.348152, "relative_strength": -17.629317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.588846, "energy": 20.520023, "activity_lines": [ 2.635333, 2.513273, 2.539333, 2.677183 ] }, { "date": "2026-05-08", "close": 2.42, "volume": 2837212, "typical_volume": 2268292.45, "trend": 2.836667, "fair_value": 6.302721, "relative_strength": -28.076022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.519683, "energy": 20.451221, "activity_lines": [ 2.582, 2.506727, 2.517429, 2.648753 ] }, { "date": "2026-05-15", "close": 2.11, "volume": 2695192, "typical_volume": 2348559.35, "trend": 2.797667, "fair_value": 6.256192, "relative_strength": -37.021818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.752133, "energy": 31.957278, "activity_lines": [ 2.42, 2.443273, 2.470238, 2.601871 ] }, { "date": "2026-05-22", "close": 2.15, "volume": 2649610, "typical_volume": 2418088.55, "trend": 2.75, "fair_value": 6.210476, "relative_strength": -36.058221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.293054, "energy": 45.26062, "activity_lines": [ 2.3, 2.396364, 2.431476, 2.560086 ] }, { "date": "2026-05-29", "close": 2.43, "volume": 1941181, "typical_volume": 2425237.45, "trend": 2.724333, "fair_value": 6.166166, "relative_strength": -28.400641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.749912, "energy": 46.522635, "activity_lines": [ 2.309333, 2.403091, 2.423857, 2.539441 ] }, { "date": "2026-06-05", "close": 2.42, "volume": 2174191, "typical_volume": 2465923.85, "trend": 2.696333, "fair_value": 6.120234, "relative_strength": -26.350107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.322999, "energy": 47.359353, "activity_lines": [ 2.327333, 2.401636, 2.416952, 2.519806 ] }, { "date": "2026-06-12", "close": 2.54, "volume": 2085555, "typical_volume": 2512704.5, "trend": 2.678, "fair_value": 6.072181, "relative_strength": -22.587227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.766422, "energy": 22.617923, "activity_lines": [ 2.405333, 2.419273, 2.423857, 2.50972 ] }, { "date": "2026-06-19", "close": 2.73, "volume": 6258024, "typical_volume": 2690069.75, "trend": 2.668667, "fair_value": 6.029349, "relative_strength": -16.980098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.447892, "energy": 10.372275, "activity_lines": [ 2.538667, 2.467818, 2.45019, 2.513075 ] }, { "date": "2026-06-26", "close": 2.37, "volume": 5008518, "typical_volume": 2830802.7, "trend": 2.636667, "fair_value": 5.979427, "relative_strength": -25.685867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.505617, "energy": 14.637787, "activity_lines": [ 2.510667, 2.447455, 2.442286, 2.493806 ] }, { "date": "2026-07-03", "close": 2.37, "volume": 2702620, "typical_volume": 2859652.5, "trend": 2.600333, "fair_value": 5.930768, "relative_strength": -26.634732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.582893, "energy": 15.654276, "activity_lines": [ 2.468, 2.432909, 2.436333, 2.476602 ] }, { "date": "2026-07-10", "close": 2.23, "volume": 2433099, "typical_volume": 2834919.9, "trend": 2.559, "fair_value": 5.877996, "relative_strength": -31.222117, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.826465, "energy": 23.188343, "activity_lines": [ 2.382667, 2.397273, 2.418, 2.45271 ] }, { "date": "2026-07-17", "close": 2.29, "volume": 3028830, "typical_volume": 2793724.2, "trend": 2.525, "fair_value": 5.822221, "relative_strength": -27.664797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.330476, "energy": 32.24892, "activity_lines": [ 2.33, 2.381455, 2.405952, 2.435355 ] }, { "date": "2026-07-24", "close": 2.18, "volume": 1999528, "typical_volume": 2624244.85, "trend": 2.495, "fair_value": 5.76534, "relative_strength": -30.07122, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.600675, "energy": 47.909993, "activity_lines": [ 2.257333, 2.348, 2.383905, 2.413097 ] }, { "date": "2026-07-31", "close": 1.77, "volume": 4299786, "typical_volume": 2680808.9, "trend": 2.451, "fair_value": 5.712433, "relative_strength": -43.278109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.558653, "energy": 70.545977, "activity_lines": [ 2.084667, 2.238727, 2.324905, 2.366323 ] }, { "date": "2026-08-07", "close": 1.94, "volume": 4788529, "typical_volume": 2733160.65, "trend": 2.423, "fair_value": 5.660616, "relative_strength": -39.15287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.538307, "energy": 68.585253, "activity_lines": [ 2.008667, 2.167273, 2.284619, 2.333355 ] } ], "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." } } }