{ "ticker": { "uuid": "729a569b-3f6e-481b-9c25-41ce7be809ad", "symbol": "SKR", "name": "Sikarin Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 60.917, "architecture_energy": 49.459, "architecture_maturity": 48.676, "architecture_confidence": 59.095, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 14.46, "rotation_up": 52.46, "upward_expansion": 81.19, "deceleration": 66.37, "rotation_down": 24.86, "downward_expansion": 7.86 }, "activity_lines": [ 7.966667, 7.917273, 7.716827, 7.517985 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 7.9, "trend_reference": 7.271535, "distance_from_trend": 0.086428, "trend_direction": "Improving", "fair_value": 8.293347, "distance_from_fair_value": -0.047429, "fair_value_direction": "Improving", "relative_strength": -7.151699, "relative_strength_direction": "Improving", "price_momentum": 0.137097, "excess_performance": -0.055228, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086428, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034396, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.047429, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.054837, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.071517, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.004084, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.137097, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.343842, "read": "Supply-led" } ], "volume": { "latest": 387300, "relative_activity": 0.221324, "balance": 0.343842, "dry_up": 1.270269, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.039435, "annualized_volatility": 0.184658, "from_high_reference": -0.048193, "from_low_reference": 0.291742 }, "levels": { "trend_reference": 7.271535, "fair_value_reference": 8.293347, "structural_low": 6.409329, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.014184, "positive_rate": 0.647059, "directional_follow_through": 0.647059, "median_excess_return": 0.005861, "regime_survival": 0.705882, "best_return": 0.079208, "worst_return": -0.095652, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.078509, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.052748, "regime_survival": 0.428571, "best_return": 0.346535, "worst_return": -0.15, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.093213, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.001548, "regime_survival": 0.2, "best_return": 0.287129, "worst_return": -0.11875, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.023798, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.086758, "regime_survival": 0.0, "best_return": 0.207681, "worst_return": -0.160086, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-07", "end": "2024-06-28", "tenure": "New", "return": -0.019417, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-07-26", "tenure": "New", "return": -0.039216, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": -0.040817, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-12-13", "tenure": "Established", "return": 0.031434, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-17", "tenure": "Developing", "return": -0.068783, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-08-22", "tenure": "Extended", "return": -0.088707, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": 0.038462, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": -0.0125, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": -0.101911, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": -0.021429, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-04-03", "tenure": "Developing", "return": -0.034483, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": 0.079931, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.013158, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.067568, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.916841, "volume": 2164400, "typical_volume": 1730180.0, "trend": 9.532745, "fair_value": 9.916622, "relative_strength": -4.614796, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.14099, "energy": 24.918606, "activity_lines": [ 9.916841, 9.846067, 9.689625, 9.483488 ] }, { "date": "2023-08-25", "close": 10.187095, "volume": 775300, "typical_volume": 1739365.0, "trend": 9.449731, "fair_value": 9.94743, "relative_strength": -4.38373, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.562672, "energy": 47.85942, "activity_lines": [ 9.994568, 9.912055, 9.766302, 9.525704 ] }, { "date": "2023-09-01", "close": 10.654393, "volume": 3920500, "typical_volume": 1904270.0, "trend": 9.385357, "fair_value": 9.981234, "relative_strength": 0.038395, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.638402, "energy": 67.066943, "activity_lines": [ 10.216223, 10.063148, 9.879, 9.603425 ] }, { "date": "2023-09-08", "close": 10.747852, "volume": 1101400, "typical_volume": 1880775.0, "trend": 9.339408, "fair_value": 10.016499, "relative_strength": 2.169217, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.910021, "energy": 79.017655, "activity_lines": [ 10.432219, 10.212768, 9.99011, 9.691327 ] }, { "date": "2023-09-15", "close": 10.747852, "volume": 1452000, "typical_volume": 1917720.0, "trend": 9.41901, "fair_value": 10.050615, "relative_strength": 2.908303, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.473889, "energy": 80.591889, "activity_lines": [ 10.598992, 10.342224, 10.090067, 9.782195 ] }, { "date": "2023-09-22", "close": 10.747852, "volume": 1503600, "typical_volume": 1978885.0, "trend": 9.471051, "fair_value": 10.085018, "relative_strength": 4.533364, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.983019, "energy": 82.192249, "activity_lines": [ 10.698007, 10.448144, 10.178785, 9.867927 ] }, { "date": "2023-09-29", "close": 10.747852, "volume": 830600, "typical_volume": 1793350.0, "trend": 9.523093, "fair_value": 10.119133, "relative_strength": 8.518237, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.320874, "energy": 76.592226, "activity_lines": [ 10.741621, 10.532215, 10.256705, 9.950301 ] }, { "date": "2023-10-06", "close": 10.467474, "volume": 1136900, "typical_volume": 1731680.0, "trend": 9.570382, "fair_value": 10.151451, "relative_strength": 8.432465, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.811879, "energy": 51.528879, "activity_lines": [ 10.654393, 10.551885, 10.296242, 10.011229 ] }, { "date": "2023-10-13", "close": 10.374014, "volume": 1945300, "typical_volume": 1605810.0, "trend": 9.63446, "fair_value": 10.182883, "relative_strength": 6.923062, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.988618, "energy": 41.795878, "activity_lines": [ 10.548472, 10.54792, 10.316974, 10.063076 ] }, { "date": "2023-10-20", "close": 9.906715, "volume": 812800, "typical_volume": 1485370.0, "trend": 9.689086, "fair_value": 10.20902, "relative_strength": 6.216332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.136524, "energy": 18.126013, "activity_lines": [ 10.311707, 10.452364, 10.290583, 10.080641 ] }, { "date": "2023-10-27", "close": 9.719795, "volume": 769200, "typical_volume": 1473485.0, "trend": 9.731357, "fair_value": 10.233383, "relative_strength": 5.405231, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.345188, "energy": 19.016386, "activity_lines": [ 10.068712, 10.319637, 10.248203, 10.082622 ] }, { "date": "2023-11-03", "close": 9.813256, "volume": 534100, "typical_volume": 1437700.0, "trend": 9.778275, "fair_value": 10.259208, "relative_strength": 4.407777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.425439, "energy": 21.659544, "activity_lines": [ 9.925407, 10.207485, 10.218311, 10.087906 ] }, { "date": "2023-11-10", "close": 9.813256, "volume": 414300, "typical_volume": 1331285.0, "trend": 9.823661, "fair_value": 10.28417, "relative_strength": 6.939973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.032916, "energy": 26.131346, "activity_lines": [ 9.844409, 10.102131, 10.190236, 10.090162 ] }, { "date": "2023-11-17", "close": 9.626338, "volume": 531700, "typical_volume": 1329965.0, "trend": 9.864347, "fair_value": 10.307647, "relative_strength": 3.324873, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.813432, "energy": 43.963831, "activity_lines": [ 9.744719, 9.978085, 10.143528, 10.077432 ] }, { "date": "2023-11-24", "close": 9.719795, "volume": 629800, "typical_volume": 1345375.0, "trend": 9.908754, "fair_value": 10.330574, "relative_strength": 6.001362, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.963274, "energy": 47.014122, "activity_lines": [ 9.726027, 9.891422, 10.105781, 10.068106 ] }, { "date": "2023-12-01", "close": 9.719795, "volume": 428000, "typical_volume": 1158850.0, "trend": 9.950071, "fair_value": 10.353787, "relative_strength": 7.548312, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.896977, "energy": 44.260144, "activity_lines": [ 9.719796, 9.823451, 10.066765, 10.055915 ] }, { "date": "2023-12-08", "close": 9.626338, "volume": 420500, "typical_volume": 1086640.0, "trend": 9.994451, "fair_value": 10.376402, "relative_strength": 6.707282, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.748719, "energy": 43.914658, "activity_lines": [ 9.682412, 9.75718, 10.018021, 10.035029 ] }, { "date": "2023-12-15", "close": 9.439419, "volume": 1650100, "typical_volume": 1137265.0, "trend": 10.029511, "fair_value": 10.397243, "relative_strength": 4.217934, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.381597, "energy": 53.844983, "activity_lines": [ 9.595184, 9.677315, 9.953301, 9.999221 ] }, { "date": "2023-12-22", "close": 9.34596, "volume": 1638600, "typical_volume": 1199015.0, "trend": 10.013571, "fair_value": 10.41921, "relative_strength": 2.323167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.85416, "energy": 64.073315, "activity_lines": [ 9.501725, 9.599149, 9.882835, 9.955121 ] }, { "date": "2023-12-29", "close": 9.532878, "volume": 1134100, "typical_volume": 1189660.0, "trend": 9.988415, "fair_value": 10.44295, "relative_strength": 3.842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.302683, "energy": 59.598316, "activity_lines": [ 9.489264, 9.57366, 9.833332, 9.924108 ] }, { "date": "2024-01-05", "close": 9.439419, "volume": 651300, "typical_volume": 1114005.0, "trend": 9.953965, "fair_value": 10.465517, "relative_strength": 2.244085, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.060454, "energy": 62.816323, "activity_lines": [ 9.458111, 9.537976, 9.775873, 9.888689 ] }, { "date": "2024-01-12", "close": 9.439419, "volume": 1342100, "typical_volume": 1142345.0, "trend": 9.928783, "fair_value": 10.487795, "relative_strength": 3.552872, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.426135, "energy": 57.041299, "activity_lines": [ 9.44565, 9.507389, 9.720687, 9.855492 ] }, { "date": "2024-01-19", "close": 9.439419, "volume": 1094700, "typical_volume": 1001055.0, "trend": 9.922137, "fair_value": 10.510936, "relative_strength": 6.107565, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.923284, "energy": 53.877586, "activity_lines": [ 9.44565, 9.4836, 9.669062, 9.823921 ] }, { "date": "2024-01-26", "close": 9.439419, "volume": 1714600, "typical_volume": 1031715.0, "trend": 9.915491, "fair_value": 10.53379, "relative_strength": 7.427024, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.574849, "energy": 51.16563, "activity_lines": [ 9.44565, 9.466607, 9.623222, 9.792778 ] }, { "date": "2024-02-02", "close": 9.439419, "volume": 1241400, "typical_volume": 1021185.0, "trend": 9.915024, "fair_value": 10.556644, "relative_strength": 6.392694, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.643101, "energy": 43.90962, "activity_lines": [ 9.439419, 9.453013, 9.583613, 9.762063 ] }, { "date": "2024-02-09", "close": 9.439419, "volume": 768700, "typical_volume": 984440.0, "trend": 9.911467, "fair_value": 10.57921, "relative_strength": 6.21882, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.233385, "energy": 40.88196, "activity_lines": [ 9.439419, 9.444517, 9.550235, 9.731379 ] }, { "date": "2024-02-16", "close": 9.439419, "volume": 804400, "typical_volume": 983130.0, "trend": 9.892464, "fair_value": 10.597177, "relative_strength": 5.824033, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.894786, "energy": 38.568952, "activity_lines": [ 9.439419, 9.441118, 9.523087, 9.700924 ] }, { "date": "2024-02-23", "close": 9.719795, "volume": 697700, "typical_volume": 961170.0, "trend": 9.879717, "fair_value": 10.618091, "relative_strength": 7.614454, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.01825, "energy": 20.789986, "activity_lines": [ 9.532878, 9.492096, 9.528873, 9.689784 ] }, { "date": "2024-03-01", "close": 9.439419, "volume": 977600, "typical_volume": 912785.0, "trend": 9.860713, "fair_value": 10.634333, "relative_strength": 6.482152, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.820781, "energy": 21.022452, "activity_lines": [ 9.514186, 9.486998, 9.511516, 9.661378 ] }, { "date": "2024-03-08", "close": 9.439419, "volume": 547600, "typical_volume": 899525.0, "trend": 9.850978, "fair_value": 10.650288, "relative_strength": 4.665288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.947406, "energy": 20.035222, "activity_lines": [ 9.495494, 9.480201, 9.49861, 9.634198 ] }, { "date": "2024-03-15", "close": 9.439419, "volume": 724500, "typical_volume": 897290.0, "trend": 9.835064, "fair_value": 10.665668, "relative_strength": 4.260824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.004081, "energy": 20.116753, "activity_lines": [ 9.476802, 9.475103, 9.487929, 9.607646 ] }, { "date": "2024-03-22", "close": 9.532878, "volume": 492500, "typical_volume": 895210.0, "trend": 9.813257, "fair_value": 10.681935, "relative_strength": 5.145356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.903498, "energy": 21.805758, "activity_lines": [ 9.489264, 9.486998, 9.487484, 9.58815 ] }, { "date": "2024-03-29", "close": 9.532878, "volume": 301900, "typical_volume": 889590.0, "trend": 9.775873, "fair_value": 10.697051, "relative_strength": 4.870112, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.72834, "energy": 18.269695, "activity_lines": [ 9.495494, 9.497194, 9.488374, 9.570061 ] }, { "date": "2024-04-05", "close": 9.439419, "volume": 825400, "typical_volume": 904275.0, "trend": 9.732258, "fair_value": 10.711282, "relative_strength": 3.557602, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.812443, "energy": 19.330492, "activity_lines": [ 9.483033, 9.488697, 9.481698, 9.548354 ] }, { "date": "2024-04-12", "close": 9.532878, "volume": 349500, "typical_volume": 890260.0, "trend": 9.691759, "fair_value": 10.726398, "relative_strength": 2.572535, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.132589, "energy": 10.62385, "activity_lines": [ 9.501725, 9.497194, 9.484813, 9.535491 ] }, { "date": "2024-04-19", "close": 9.532878, "volume": 0, "typical_volume": 868860.0, "trend": 9.65126, "fair_value": 10.741515, "relative_strength": 6.97898, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.72358, "energy": 8.452286, "activity_lines": [ 9.514186, 9.503991, 9.488819, 9.525241 ] }, { "date": "2024-04-26", "close": 9.626338, "volume": 608900, "typical_volume": 878280.0, "trend": 9.613876, "fair_value": 10.75562, "relative_strength": 5.332277, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.103028, "energy": 5.751313, "activity_lines": [ 9.55157, 9.526081, 9.502615, 9.523633 ] }, { "date": "2024-05-03", "close": 9.616909, "volume": 127100, "typical_volume": 802130.0, "trend": 9.585524, "fair_value": 10.769373, "relative_strength": 4.019174, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.37597, "energy": 9.366272, "activity_lines": [ 9.57958, 9.543059, 9.515514, 9.523828 ] }, { "date": "2024-05-10", "close": 9.616909, "volume": 452600, "typical_volume": 742830.0, "trend": 9.560287, "fair_value": 10.782837, "relative_strength": 3.369121, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.020059, "energy": 20.225029, "activity_lines": [ 9.601989, 9.561907, 9.527567, 9.525853 ] }, { "date": "2024-05-17", "close": 9.711193, "volume": 874600, "typical_volume": 729855.0, "trend": 9.55377, "fair_value": 10.796614, "relative_strength": 3.13393, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.995861, "energy": 33.267983, "activity_lines": [ 9.643992, 9.594671, 9.547309, 9.535589 ] }, { "date": "2024-05-24", "close": 9.711193, "volume": 371500, "typical_volume": 715865.0, "trend": 9.553483, "fair_value": 10.80836, "relative_strength": 4.303506, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.695554, "energy": 37.795037, "activity_lines": [ 9.674108, 9.622493, 9.566203, 9.545745 ] }, { "date": "2024-05-31", "close": 9.899759, "volume": 239600, "typical_volume": 660740.0, "trend": 9.556367, "fair_value": 10.8158, "relative_strength": 7.622318, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.828587, "energy": 63.547993, "activity_lines": [ 9.755192, 9.679659, 9.60176, 9.568086 ] }, { "date": "2024-06-07", "close": 9.711193, "volume": 409200, "typical_volume": 626465.0, "trend": 9.552964, "fair_value": 10.819999, "relative_strength": 6.430521, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.386335, "energy": 54.890532, "activity_lines": [ 9.755192, 9.695869, 9.617167, 9.578075 ] }, { "date": "2024-06-14", "close": 9.616909, "volume": 506100, "typical_volume": 566040.0, "trend": 9.55265, "fair_value": 10.823884, "relative_strength": 7.261203, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.95592, "energy": 39.679092, "activity_lines": [ 9.717478, 9.691695, 9.622301, 9.5822 ] }, { "date": "2024-06-21", "close": 9.522626, "volume": 306200, "typical_volume": 519280.0, "trend": 9.546078, "fair_value": 10.827455, "relative_strength": 5.958483, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.785241, "energy": 17.354048, "activity_lines": [ 9.648337, 9.667152, 9.61761, 9.580263 ] }, { "date": "2024-06-28", "close": 9.522626, "volume": 92300, "typical_volume": 485460.0, "trend": 9.539506, "fair_value": 10.830735, "relative_strength": 6.133248, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.461388, "energy": 15.79245, "activity_lines": [ 9.591767, 9.642794, 9.612523, 9.57875 ] }, { "date": "2024-07-05", "close": 9.616909, "volume": 336000, "typical_volume": 462040.0, "trend": 9.539191, "fair_value": 10.833749, "relative_strength": 5.99108, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.46314, "energy": 18.263106, "activity_lines": [ 9.579196, 9.635766, 9.616018, 9.583744 ] }, { "date": "2024-07-12", "close": 9.428343, "volume": 280400, "typical_volume": 441175.0, "trend": 9.538822, "fair_value": 10.835555, "relative_strength": 2.12461, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.822958, "energy": 21.424172, "activity_lines": [ 9.522626, 9.594624, 9.60071, 9.576592 ] }, { "date": "2024-07-19", "close": 9.428343, "volume": 1175100, "typical_volume": 451050.0, "trend": 9.541568, "fair_value": 10.83794, "relative_strength": 3.104572, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.836595, "energy": 24.642391, "activity_lines": [ 9.484913, 9.556911, 9.58679, 9.569465 ] }, { "date": "2024-07-26", "close": 9.239776, "volume": 567200, "typical_volume": 452030.0, "trend": 9.531798, "fair_value": 10.838537, "relative_strength": 1.662942, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.697275, "energy": 48.54715, "activity_lines": [ 9.396915, 9.488341, 9.554964, 9.549994 ] }, { "date": "2024-08-02", "close": 9.239776, "volume": 220600, "typical_volume": 426835.0, "trend": 9.525143, "fair_value": 10.834489, "relative_strength": 1.069666, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.642312, "energy": 60.620959, "activity_lines": [ 9.327774, 9.428343, 9.524088, 9.531154 ] }, { "date": "2024-08-09", "close": 8.86264, "volume": 894000, "typical_volume": 446910.0, "trend": 9.505917, "fair_value": 10.828024, "relative_strength": -1.992711, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.671552, "energy": 86.632133, "activity_lines": [ 9.151777, 9.308345, 9.458246, 9.488412 ] }, { "date": "2024-08-16", "close": 8.768357, "volume": 352900, "typical_volume": 449460.0, "trend": 9.483549, "fair_value": 10.817472, "relative_strength": -3.530208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.283211, "energy": 94.429759, "activity_lines": [ 8.994638, 9.190062, 9.386616, 9.440827 ] }, { "date": "2024-08-23", "close": 8.86264, "volume": 186100, "typical_volume": 417495.0, "trend": 9.464323, "fair_value": 10.806362, "relative_strength": -6.22897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.491304, "energy": 90.405595, "activity_lines": [ 8.912925, 9.106064, 9.327605, 9.400769 ] }, { "date": "2024-08-30", "close": 8.948779, "volume": 955500, "typical_volume": 447795.0, "trend": 9.447968, "fair_value": 10.795805, "relative_strength": -5.548036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.939241, "energy": 87.694672, "activity_lines": [ 8.897639, 9.051441, 9.279545, 9.367508 ] }, { "date": "2024-09-06", "close": 8.948779, "volume": 874000, "typical_volume": 491495.0, "trend": 9.431613, "fair_value": 10.785248, "relative_strength": -9.915976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.009813, "energy": 84.506771, "activity_lines": [ 8.901752, 9.007252, 9.234267, 9.335302 ] }, { "date": "2024-09-13", "close": 8.948779, "volume": 5678700, "typical_volume": 744985.0, "trend": 9.415259, "fair_value": 10.77411, "relative_strength": -9.538574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.445907, "energy": 57.74662, "activity_lines": [ 8.925266, 8.973497, 9.191769, 9.304151 ] }, { "date": "2024-09-20", "close": 8.758379, "volume": 5274600, "typical_volume": 1002360.0, "trend": 9.383211, "fair_value": 10.761752, "relative_strength": -12.880844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.506033, "energy": 60.752002, "activity_lines": [ 8.87957, 8.917271, 9.134365, 9.261772 ] }, { "date": "2024-09-27", "close": 8.710779, "volume": 375900, "typical_volume": 998525.0, "trend": 9.358923, "fair_value": 10.749669, "relative_strength": -12.94865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.15344, "energy": 61.239202, "activity_lines": [ 8.818672, 8.864572, 9.076516, 9.218389 ] }, { "date": "2024-10-04", "close": 8.85358, "volume": 257400, "typical_volume": 967665.0, "trend": 9.339395, "fair_value": 10.727472, "relative_strength": -10.875295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.279968, "energy": 54.582276, "activity_lines": [ 8.815499, 8.850883, 9.036582, 9.185787 ] }, { "date": "2024-10-11", "close": 8.85358, "volume": 245400, "typical_volume": 961360.0, "trend": 9.319867, "fair_value": 10.71166, "relative_strength": -12.165351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.075256, "energy": 53.661144, "activity_lines": [ 8.818673, 8.844216, 9.000732, 9.154444 ] }, { "date": "2024-10-18", "close": 8.80598, "volume": 104800, "typical_volume": 954620.0, "trend": 9.295638, "fair_value": 10.695544, "relative_strength": -13.510438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.338635, "energy": 49.56953, "activity_lines": [ 8.812326, 8.835916, 8.964432, 9.12129 ] }, { "date": "2024-10-25", "close": 8.80598, "volume": 158400, "typical_volume": 942080.0, "trend": 9.271408, "fair_value": 10.680588, "relative_strength": -11.705654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.014913, "energy": 45.064933, "activity_lines": [ 8.8155, 8.828646, 8.933341, 9.089699 ] }, { "date": "2024-11-01", "close": 8.758379, "volume": 361600, "typical_volume": 934855.0, "trend": 9.248706, "fair_value": 10.667649, "relative_strength": -11.996947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.106248, "energy": 44.797222, "activity_lines": [ 8.799633, 8.812038, 8.902026, 9.0566 ] }, { "date": "2024-11-08", "close": 8.758379, "volume": 322300, "typical_volume": 935660.0, "trend": 9.22289, "fair_value": 10.651228, "relative_strength": -11.757959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.203899, "energy": 47.021543, "activity_lines": [ 8.780593, 8.797325, 8.8748, 9.024966 ] }, { "date": "2024-11-15", "close": 8.710779, "volume": 440500, "typical_volume": 953070.0, "trend": 9.195486, "fair_value": 10.635081, "relative_strength": -10.702621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.554801, "energy": 49.539954, "activity_lines": [ 8.752033, 8.777419, 8.84668, 8.991927 ] }, { "date": "2024-11-22", "close": 8.948779, "volume": 580700, "typical_volume": 965305.0, "trend": 9.172901, "fair_value": 10.621621, "relative_strength": -8.295249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.54646, "energy": 33.415703, "activity_lines": [ 8.812326, 8.805114, 8.845093, 8.97601 ] }, { "date": "2024-11-29", "close": 8.901179, "volume": 481500, "typical_volume": 975360.0, "trend": 9.149043, "fair_value": 10.607276, "relative_strength": -7.371407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.677016, "energy": 23.559164, "activity_lines": [ 8.847232, 8.824154, 8.842154, 8.95848 ] }, { "date": "2024-12-06", "close": 8.80598, "volume": 309100, "typical_volume": 932060.0, "trend": 9.122012, "fair_value": 10.588257, "relative_strength": -9.669574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.537765, "energy": 20.307993, "activity_lines": [ 8.844059, 8.823288, 8.832658, 8.936347 ] }, { "date": "2024-12-13", "close": 9.043979, "volume": 1553800, "typical_volume": 981390.0, "trend": 9.099772, "fair_value": 10.570763, "relative_strength": -5.78692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.342251, "energy": 12.328879, "activity_lines": [ 8.917046, 8.863965, 8.848793, 8.931312 ] }, { "date": "2024-12-20", "close": 8.996379, "volume": 1075600, "typical_volume": 1024140.0, "trend": 9.075945, "fair_value": 10.552964, "relative_strength": -1.693207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.970781, "energy": 13.626903, "activity_lines": [ 8.955126, 8.892525, 8.861327, 8.924642 ] }, { "date": "2024-12-27", "close": 8.948779, "volume": 545800, "typical_volume": 1006730.0, "trend": 9.044245, "fair_value": 10.53486, "relative_strength": -4.657378, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.229207, "energy": 13.579733, "activity_lines": [ 8.958299, 8.909834, 8.870486, 8.916437 ] }, { "date": "2025-01-03", "close": 8.901179, "volume": 572100, "typical_volume": 1017690.0, "trend": 9.017245, "fair_value": 10.516451, "relative_strength": -3.970508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.221702, "energy": 13.20604, "activity_lines": [ 8.945606, 8.915892, 8.874702, 8.907207 ] }, { "date": "2025-01-10", "close": 8.56798, "volume": 875100, "typical_volume": 1052140.0, "trend": 8.982281, "fair_value": 10.494745, "relative_strength": -6.320431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.667335, "energy": 24.215852, "activity_lines": [ 8.821846, 8.859637, 8.846553, 8.878222 ] }, { "date": "2025-01-17", "close": 8.377581, "volume": 1062100, "typical_volume": 1057470.0, "trend": 8.944113, "fair_value": 10.472399, "relative_strength": -6.376982, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.386665, "energy": 53.417949, "activity_lines": [ 8.650487, 8.772227, 8.801673, 8.83921 ] }, { "date": "2025-01-24", "close": 8.28238, "volume": 671000, "typical_volume": 1047320.0, "trend": 8.902771, "fair_value": 10.450023, "relative_strength": -8.15246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.053989, "energy": 71.18408, "activity_lines": [ 8.49182, 8.674431, 8.750446, 8.796517 ] }, { "date": "2025-01-31", "close": 8.23478, "volume": 355100, "typical_volume": 781140.0, "trend": 8.8567, "fair_value": 10.426182, "relative_strength": -5.780237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.440038, "energy": 78.535316, "activity_lines": [ 8.364887, 8.575769, 8.69786, 8.753421 ] }, { "date": "2025-02-07", "close": 8.139581, "volume": 831900, "typical_volume": 559005.0, "trend": 8.813741, "fair_value": 10.401149, "relative_strength": -4.390715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.794783, "energy": 80.17247, "activity_lines": [ 8.25382, 8.47278, 8.639606, 8.707155 ] }, { "date": "2025-02-14", "close": 8.091981, "volume": 757100, "typical_volume": 578065.0, "trend": 8.769196, "fair_value": 10.37465, "relative_strength": -4.078911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.29078, "energy": 79.708114, "activity_lines": [ 8.177661, 8.374984, 8.579767, 8.66059 ] }, { "date": "2025-02-21", "close": 7.711183, "volume": 953500, "typical_volume": 612870.0, "trend": 8.718243, "fair_value": 10.342808, "relative_strength": -6.486604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.342895, "energy": 86.46244, "activity_lines": [ 8.006301, 8.220934, 8.486607, 8.592331 ] }, { "date": "2025-02-28", "close": 7.711183, "volume": 879300, "typical_volume": 644565.0, "trend": 8.66729, "fair_value": 10.312126, "relative_strength": -3.045652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.137937, "energy": 86.234519, "activity_lines": [ 7.879369, 8.091116, 8.398887, 8.527359 ] }, { "date": "2025-03-07", "close": 7.615983, "volume": 916500, "typical_volume": 685150.0, "trend": 8.625735, "fair_value": 10.279673, "relative_strength": -3.975928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.358089, "energy": 86.278504, "activity_lines": [ 7.758783, 7.967356, 8.307541, 8.459533 ] }, { "date": "2025-03-14", "close": 7.568383, "volume": 400700, "typical_volume": 697265.0, "trend": 8.585735, "fair_value": 10.246335, "relative_strength": -2.174477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.634312, "energy": 87.252753, "activity_lines": [ 7.663583, 7.859175, 8.217328, 8.391317 ] }, { "date": "2025-03-21", "close": 7.568383, "volume": 244700, "typical_volume": 691420.0, "trend": 8.542593, "fair_value": 10.213577, "relative_strength": -3.085531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.392808, "energy": 83.392461, "activity_lines": [ 7.606463, 7.775226, 8.133008, 8.325681 ] }, { "date": "2025-03-28", "close": 7.425583, "volume": 316500, "typical_volume": 691130.0, "trend": 8.49182, "fair_value": 10.181065, "relative_strength": -3.842476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.828206, "energy": 80.826784, "activity_lines": [ 7.53665, 7.683488, 8.040755, 8.253616 ] }, { "date": "2025-04-04", "close": 7.092383, "volume": 1349500, "typical_volume": 736580.0, "trend": 8.42994, "fair_value": 10.145256, "relative_strength": -3.899276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.589022, "energy": 84.299156, "activity_lines": [ 7.37481, 7.548477, 7.923115, 8.16333 ] }, { "date": "2025-04-11", "close": 6.806785, "volume": 471400, "typical_volume": 731115.0, "trend": 8.358541, "fair_value": 10.104133, "relative_strength": -7.835918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.17833, "energy": 91.065433, "activity_lines": [ 7.159024, 7.383176, 7.785982, 8.05861 ] }, { "date": "2025-04-18", "close": 6.854384, "volume": 868800, "typical_volume": 750480.0, "trend": 8.295074, "fair_value": 10.060291, "relative_strength": -8.666446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.881274, "energy": 90.064893, "activity_lines": [ 7.013051, 7.252493, 7.663582, 7.961568 ] }, { "date": "2025-04-25", "close": 6.521185, "volume": 2444700, "typical_volume": 857260.0, "trend": 8.222088, "fair_value": 10.017824, "relative_strength": -13.338707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.338886, "energy": 93.407907, "activity_lines": [ 6.803611, 7.084595, 7.519196, 7.847123 ] }, { "date": "2025-05-02", "close": 6.580027, "volume": 935500, "typical_volume": 826345.0, "trend": 8.146303, "fair_value": 9.97749, "relative_strength": -15.087221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.563009, "energy": 88.263732, "activity_lines": [ 6.683599, 6.955955, 7.391294, 7.741184 ] }, { "date": "2025-05-09", "close": 6.434879, "volume": 2152700, "typical_volume": 880200.0, "trend": 8.065679, "fair_value": 9.936225, "relative_strength": -17.363444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.698804, "energy": 83.07746, "activity_lines": [ 6.571574, 6.821492, 7.261301, 7.63077 ] }, { "date": "2025-05-16", "close": 6.531644, "volume": 2740100, "typical_volume": 989915.0, "trend": 7.989868, "fair_value": 9.894411, "relative_strength": -14.658233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.3698, "energy": 67.669999, "activity_lines": [ 6.535638, 6.727828, 7.152721, 7.5318 ] }, { "date": "2025-05-23", "close": 6.434879, "volume": 2385400, "typical_volume": 1080580.0, "trend": 7.910831, "fair_value": 9.851976, "relative_strength": -14.110246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.604465, "energy": 68.228328, "activity_lines": [ 6.48579, 6.636285, 7.046436, 7.431478 ] }, { "date": "2025-05-30", "close": 6.386496, "volume": 2541000, "typical_volume": 1163875.0, "trend": 7.831768, "fair_value": 9.809231, "relative_strength": -12.263191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.147281, "energy": 67.827033, "activity_lines": [ 6.447781, 6.556555, 6.947288, 7.333133 ] }, { "date": "2025-06-06", "close": 6.483261, "volume": 2069900, "typical_volume": 1214265.0, "trend": 7.755931, "fair_value": 9.769447, "relative_strength": -9.499996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.460172, "energy": 64.105118, "activity_lines": [ 6.451006, 6.515907, 6.867743, 7.246133 ] }, { "date": "2025-06-13", "close": 6.580027, "volume": 1854100, "typical_volume": 1273420.0, "trend": 7.684906, "fair_value": 9.73555, "relative_strength": -6.598658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.766263, "energy": 60.241509, "activity_lines": [ 6.492938, 6.509986, 6.806434, 7.170268 ] }, { "date": "2025-06-20", "close": 6.531644, "volume": 4903900, "typical_volume": 1500860.0, "trend": 7.604335, "fair_value": 9.701928, "relative_strength": -2.151853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.45147, "energy": 49.850279, "activity_lines": [ 6.509065, 6.504583, 6.748624, 7.095864 ] }, { "date": "2025-06-27", "close": 6.676792, "volume": 1292200, "typical_volume": 1523875.0, "trend": 7.530189, "fair_value": 9.669237, "relative_strength": -0.993549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.610645, "energy": 40.500541, "activity_lines": [ 6.573576, 6.530574, 6.712748, 7.036023 ] }, { "date": "2025-07-04", "close": 6.676792, "volume": 3874300, "typical_volume": 1679735.0, "trend": 7.459216, "fair_value": 9.641227, "relative_strength": -3.904585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.47747, "energy": 34.064264, "activity_lines": [ 6.621958, 6.559794, 6.683837, 6.980965 ] }, { "date": "2025-07-11", "close": 6.434879, "volume": 7409800, "typical_volume": 2002550.0, "trend": 7.372246, "fair_value": 9.612837, "relative_strength": -7.099172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.290375, "energy": 37.07027, "activity_lines": [ 6.57035, 6.5422, 6.638626, 6.914879 ] }, { "date": "2025-07-18", "close": 6.773557, "volume": 2116300, "typical_volume": 2064400.0, "trend": 7.298152, "fair_value": 9.585447, "relative_strength": -8.696262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.515737, "energy": 24.773907, "activity_lines": [ 6.63486, 6.588824, 6.631748, 6.876254 ] }, { "date": "2025-07-25", "close": 6.531644, "volume": 3589700, "typical_volume": 2198060.0, "trend": 7.217581, "fair_value": 9.556507, "relative_strength": -12.25461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.023277, "energy": 28.809578, "activity_lines": [ 6.605831, 6.585305, 6.606295, 6.826801 ] }, { "date": "2025-08-01", "close": 6.725174, "volume": 2414700, "typical_volume": 2298760.0, "trend": 7.145047, "fair_value": 9.528808, "relative_strength": -9.309723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.54264, "energy": 20.761634, "activity_lines": [ 6.641311, 6.616973, 6.604437, 6.795033 ] }, { "date": "2025-08-08", "close": 6.918705, "volume": 2356800, "typical_volume": 2404365.0, "trend": 7.090071, "fair_value": 9.502349, "relative_strength": -9.335654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.657712, "energy": 11.006892, "activity_lines": [ 6.738076, 6.678551, 6.625027, 6.780431 ] }, { "date": "2025-08-15", "close": 7.112235, "volume": 3213700, "typical_volume": 2549225.0, "trend": 7.047893, "fair_value": 9.471863, "relative_strength": -6.504481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.522763, "energy": 19.28093, "activity_lines": [ 6.883224, 6.76564, 6.667141, 6.78186 ] }, { "date": "2025-08-22", "close": 7.547678, "volume": 3284200, "typical_volume": 2645960.0, "trend": 7.023403, "fair_value": 9.443102, "relative_strength": -0.137746, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 45.724415, "energy": 57.354269, "activity_lines": [ 7.128362, 6.920464, 6.752218, 6.814105 ] }, { "date": "2025-08-29", "close": 7.632483, "volume": 3443200, "typical_volume": 2794550.0, "trend": 7.003326, "fair_value": 9.416651, "relative_strength": 2.48938, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.013875, "energy": 68.575277, "activity_lines": [ 7.350161, 7.073114, 6.843203, 6.8534 ] }, { "date": "2025-09-05", "close": 8.072819, "volume": 2226000, "typical_volume": 2862410.0, "trend": 7.001101, "fair_value": 9.383012, "relative_strength": 5.947427, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 62.058301, "energy": 82.067868, "activity_lines": [ 7.645349, 7.285809, 6.972194, 6.9224 ] }, { "date": "2025-09-12", "close": 7.877114, "volume": 3202500, "typical_volume": 2900300.0, "trend": 6.993939, "fair_value": 9.346351, "relative_strength": 1.138286, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.326133, "energy": 78.148255, "activity_lines": [ 7.785459, 7.43754, 7.076744, 6.978917 ] }, { "date": "2025-09-19", "close": 7.926041, "volume": 1519200, "typical_volume": 2929485.0, "trend": 7.001101, "fair_value": 9.31236, "relative_strength": 1.80545, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 71.827485, "energy": 87.521045, "activity_lines": [ 7.877984, 7.576342, 7.179497, 7.039052 ] }, { "date": "2025-09-26", "close": 7.828188, "volume": 4412500, "typical_volume": 3042475.0, "trend": 7.005001, "fair_value": 9.276563, "relative_strength": 1.610536, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.929128, "energy": 81.669563, "activity_lines": [ 7.883638, 7.670241, 7.266521, 7.092413 ] }, { "date": "2025-10-03", "close": 7.828188, "volume": 353600, "typical_volume": 2923150.0, "trend": 7.012074, "fair_value": 9.242533, "relative_strength": 0.467797, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.165428, "energy": 59.300971, "activity_lines": [ 7.870591, 7.744964, 7.34691, 7.145522 ] }, { "date": "2025-10-10", "close": 7.779262, "volume": 1148100, "typical_volume": 2861285.0, "trend": 7.019104, "fair_value": 9.208779, "relative_strength": 0.347113, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.619928, "energy": 55.051636, "activity_lines": [ 7.828188, 7.787219, 7.416465, 7.195018 ] }, { "date": "2025-10-17", "close": 7.730336, "volume": 1098300, "typical_volume": 2789150.0, "trend": 7.024502, "fair_value": 9.174122, "relative_strength": 0.63423, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.955667, "energy": 44.836447, "activity_lines": [ 7.789047, 7.801412, 7.474959, 7.240903 ] }, { "date": "2025-10-24", "close": 7.681409, "volume": 916600, "typical_volume": 2731485.0, "trend": 7.03303, "fair_value": 9.139151, "relative_strength": -2.940686, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.541126, "energy": 39.532445, "activity_lines": [ 7.743383, 7.791953, 7.522394, 7.283285 ] }, { "date": "2025-10-31", "close": 7.583557, "volume": 1308600, "typical_volume": 2704210.0, "trend": 7.049402, "fair_value": 9.103553, "relative_strength": -3.795852, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.453825, "energy": 30.462789, "activity_lines": [ 7.681409, 7.754354, 7.554805, 7.318802 ] }, { "date": "2025-11-07", "close": 7.632483, "volume": 380800, "typical_volume": 2478055.0, "trend": 7.076925, "fair_value": 9.069447, "relative_strength": -2.647619, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.5778, "energy": 24.94383, "activity_lines": [ 7.652054, 7.724998, 7.587096, 7.356421 ] }, { "date": "2025-11-14", "close": 7.436779, "volume": 1100800, "typical_volume": 2468485.0, "trend": 7.096339, "fair_value": 9.034086, "relative_strength": -2.573315, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.198227, "energy": 20.690225, "activity_lines": [ 7.57051, 7.66006, 7.595507, 7.379637 ] }, { "date": "2025-11-21", "close": 7.241074, "volume": 1420000, "typical_volume": 2345770.0, "trend": 7.120335, "fair_value": 8.998059, "relative_strength": -3.885913, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.252511, "energy": 13.966374, "activity_lines": [ 7.446564, 7.571103, 7.58166, 7.388975 ] }, { "date": "2025-11-28", "close": 7.143222, "volume": 1291700, "typical_volume": 2039865.0, "trend": 7.139108, "fair_value": 8.961994, "relative_strength": -5.190195, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.972379, "energy": 19.610079, "activity_lines": [ 7.322618, 7.47592, 7.555806, 7.390451 ] }, { "date": "2025-12-05", "close": 7.192148, "volume": 662100, "typical_volume": 1967155.0, "trend": 7.16435, "fair_value": 8.92742, "relative_strength": -5.694226, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.26478, "energy": 20.743303, "activity_lines": [ 7.250859, 7.403865, 7.53124, 7.393873 ] }, { "date": "2025-12-12", "close": 6.898591, "volume": 1670000, "typical_volume": 1871170.0, "trend": 7.176582, "fair_value": 8.889787, "relative_strength": -7.883158, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.825791, "energy": 40.793212, "activity_lines": [ 7.107343, 7.29, 7.476722, 7.376727 ] }, { "date": "2025-12-19", "close": 6.849665, "volume": 8174000, "typical_volume": 2159135.0, "trend": 7.190408, "fair_value": 8.858907, "relative_strength": -8.06528, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.65608, "energy": 48.43094, "activity_lines": [ 6.996443, 7.184142, 7.415797, 7.355636 ] }, { "date": "2025-12-26", "close": 6.65396, "volume": 1508900, "typical_volume": 2116740.0, "trend": 7.199324, "fair_value": 8.820294, "relative_strength": -10.875478, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.356649, "energy": 52.020661, "activity_lines": [ 6.85945, 7.059603, 7.335641, 7.321027 ] }, { "date": "2026-01-02", "close": 6.898591, "volume": 6292200, "typical_volume": 2270665.0, "trend": 7.213168, "fair_value": 8.78325, "relative_strength": -7.343703, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.171565, "energy": 46.264668, "activity_lines": [ 6.843141, 6.999112, 7.280044, 7.301624 ] }, { "date": "2026-01-09", "close": 6.849665, "volume": 1061700, "typical_volume": 2159540.0, "trend": 7.222156, "fair_value": 8.745892, "relative_strength": -7.349928, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.964247, "energy": 35.978415, "activity_lines": [ 6.826833, 6.943959, 7.220805, 7.278173 ] }, { "date": "2026-01-16", "close": 6.702886, "volume": 1388900, "typical_volume": 2056825.0, "trend": 7.227864, "fair_value": 8.707593, "relative_strength": -10.574086, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.947725, "energy": 37.361529, "activity_lines": [ 6.78443, 6.875462, 7.15091, 7.244671 ] }, { "date": "2026-01-23", "close": 6.702886, "volume": 1114500, "typical_volume": 2001250.0, "trend": 7.228734, "fair_value": 8.669294, "relative_strength": -12.923371, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.862206, "energy": 40.331203, "activity_lines": [ 6.755074, 6.823867, 7.085442, 7.210802 ] }, { "date": "2026-01-30", "close": 7.094296, "volume": 958300, "typical_volume": 1889040.0, "trend": 7.24265, "fair_value": 8.634093, "relative_strength": -8.344592, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.849052, "energy": 27.90034, "activity_lines": [ 6.865974, 6.856781, 7.063775, 7.202128 ] }, { "date": "2026-02-06", "close": 6.947517, "volume": 992500, "typical_volume": 1862705.0, "trend": 7.259738, "fair_value": 8.600896, "relative_strength": -11.769097, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.589706, "energy": 24.421676, "activity_lines": [ 6.898591, 6.865677, 7.031856, 7.183088 ] }, { "date": "2026-02-13", "close": 6.800738, "volume": 958700, "typical_volume": 1690015.0, "trend": 7.260644, "fair_value": 8.590902, "relative_strength": -17.809411, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.189791, "energy": 23.320087, "activity_lines": [ 6.87902, 6.851444, 6.990619, 7.153475 ] }, { "date": "2026-02-20", "close": 6.702886, "volume": 2231900, "typical_volume": 1783930.0, "trend": 7.266353, "fair_value": 8.574981, "relative_strength": -21.256984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.525202, "energy": 24.972595, "activity_lines": [ 6.830094, 6.826536, 6.944954, 7.11749 ] }, { "date": "2026-02-27", "close": 6.702886, "volume": 2892400, "typical_volume": 1871145.0, "trend": 7.26561, "fair_value": 8.55906, "relative_strength": -23.24013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.08989, "energy": 32.372224, "activity_lines": [ 6.781168, 6.805186, 6.904648, 7.081137 ] }, { "date": "2026-03-06", "close": 6.605033, "volume": 2662400, "typical_volume": 1949350.0, "trend": 7.255154, "fair_value": 8.543394, "relative_strength": -17.579719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.55767, "energy": 46.446939, "activity_lines": [ 6.699624, 6.768714, 6.860149, 7.03852 ] }, { "date": "2026-03-13", "close": 6.702886, "volume": 5163100, "typical_volume": 2161675.0, "trend": 7.241509, "fair_value": 8.532184, "relative_strength": -15.816063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.43814, "energy": 48.068971, "activity_lines": [ 6.683315, 6.750923, 6.830327, 7.002889 ] }, { "date": "2026-03-20", "close": 6.849665, "volume": 2823900, "typical_volume": 2237440.0, "trend": 7.218242, "fair_value": 8.523093, "relative_strength": -14.929011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.273201, "energy": 38.791782, "activity_lines": [ 6.732242, 6.763377, 6.819144, 6.977609 ] }, { "date": "2026-03-27", "close": 6.898591, "volume": 2671500, "typical_volume": 2351975.0, "trend": 7.193779, "fair_value": 8.513137, "relative_strength": -14.701376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.665945, "energy": 23.379944, "activity_lines": [ 6.794215, 6.784726, 6.816115, 6.956987 ] }, { "date": "2026-04-03", "close": 6.849665, "volume": 3604900, "typical_volume": 2477180.0, "trend": 7.153007, "fair_value": 8.503162, "relative_strength": -15.246821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.225627, "energy": 15.597639, "activity_lines": [ 6.826833, 6.793622, 6.811922, 6.934786 ] }, { "date": "2026-04-10", "close": 6.898591, "volume": 2013700, "typical_volume": 2506865.0, "trend": 7.120389, "fair_value": 8.493207, "relative_strength": -17.218638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.402709, "energy": 16.630145, "activity_lines": [ 6.865974, 6.808745, 6.815183, 6.918372 ] }, { "date": "2026-04-17", "close": 6.947517, "volume": 1811200, "typical_volume": 2532840.0, "trend": 7.087772, "fair_value": 8.483859, "relative_strength": -14.884363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.022031, "energy": 10.823158, "activity_lines": [ 6.901853, 6.836321, 6.824736, 6.907219 ] }, { "date": "2026-04-24", "close": 7.29, "volume": 2875900, "typical_volume": 2643530.0, "trend": 7.069832, "fair_value": 8.476823, "relative_strength": -8.874981, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.117491, "energy": 17.758993, "activity_lines": [ 7.035584, 6.926167, 6.867837, 6.920266 ] }, { "date": "2026-05-01", "close": 7.45, "volume": 1571700, "typical_volume": 2638615.0, "trend": 7.057226, "fair_value": 8.470219, "relative_strength": -9.059275, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.505849, "energy": 53.538975, "activity_lines": [ 7.193293, 7.036209, 6.925711, 6.944793 ] }, { "date": "2026-05-08", "close": 7.6, "volume": 1690500, "typical_volume": 2314440.0, "trend": 7.051251, "fair_value": 8.465764, "relative_strength": -7.560135, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.034648, "energy": 68.399501, "activity_lines": [ 7.364242, 7.159939, 6.995245, 6.97981 ] }, { "date": "2026-05-15", "close": 7.5, "volume": 1909900, "typical_volume": 2334490.0, "trend": 7.043573, "fair_value": 8.460074, "relative_strength": -9.668249, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.163866, "energy": 69.004443, "activity_lines": [ 7.451834, 7.249176, 7.051682, 7.008762 ] }, { "date": "2026-05-22", "close": 7.35, "volume": 1326100, "typical_volume": 2086185.0, "trend": 7.032526, "fair_value": 8.444214, "relative_strength": -12.453582, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.995519, "energy": 66.144785, "activity_lines": [ 7.449333, 7.294869, 7.089804, 7.028531 ] }, { "date": "2026-05-29", "close": 7.5, "volume": 1161700, "typical_volume": 2091185.0, "trend": 7.029741, "fair_value": 8.426345, "relative_strength": -12.118436, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.538234, "energy": 74.328903, "activity_lines": [ 7.47, 7.356068, 7.140062, 7.058691 ] }, { "date": "2026-06-05", "close": 7.4, "volume": 213900, "typical_volume": 2032435.0, "trend": 7.021991, "fair_value": 8.406647, "relative_strength": -13.756181, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.273019, "energy": 56.577623, "activity_lines": [ 7.443333, 7.387262, 7.1777, 7.082579 ] }, { "date": "2026-06-12", "close": 7.1, "volume": 886300, "typical_volume": 2021025.0, "trend": 7.010765, "fair_value": 8.386808, "relative_strength": -17.351241, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.251339, "energy": 29.883728, "activity_lines": [ 7.32, 7.354793, 7.183447, 7.087611 ] }, { "date": "2026-06-19", "close": 7.7, "volume": 364400, "typical_volume": 1991330.0, "trend": 7.026063, "fair_value": 8.37438, "relative_strength": -8.835083, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.226244, "energy": 45.106999, "activity_lines": [ 7.43, 7.426864, 7.244446, 7.132078 ] }, { "date": "2026-06-26", "close": 8.0, "volume": 1731500, "typical_volume": 2028280.0, "trend": 7.054622, "fair_value": 8.363875, "relative_strength": -3.090503, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.60322, "energy": 58.081896, "activity_lines": [ 7.626667, 7.538909, 7.331132, 7.194913 ] }, { "date": "2026-07-03", "close": 7.9, "volume": 1142700, "typical_volume": 2037480.0, "trend": 7.078217, "fair_value": 8.353917, "relative_strength": -8.046587, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.718688, "energy": 68.558886, "activity_lines": [ 7.746667, 7.613636, 7.403282, 7.249453 ] }, { "date": "2026-07-10", "close": 8.1, "volume": 1131100, "typical_volume": 1982440.0, "trend": 7.118264, "fair_value": 8.344647, "relative_strength": -6.063572, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.959665, "energy": 85.641669, "activity_lines": [ 7.906667, 7.713636, 7.489245, 7.315375 ] }, { "date": "2026-07-17", "close": 8.0, "volume": 6882400, "typical_volume": 2181940.0, "trend": 7.156609, "fair_value": 8.331765, "relative_strength": -7.969352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.714377, "energy": 78.663609, "activity_lines": [ 7.986667, 7.783636, 7.559032, 7.372261 ] }, { "date": "2026-07-24", "close": 7.9, "volume": 1210700, "typical_volume": 2109355.0, "trend": 7.198143, "fair_value": 8.317649, "relative_strength": -9.192956, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.763467, "energy": 63.481479, "activity_lines": [ 7.973333, 7.828182, 7.613118, 7.420222 ] }, { "date": "2026-07-31", "close": 8.05, "volume": 411100, "typical_volume": 1871755.0, "trend": 7.236524, "fair_value": 8.305088, "relative_strength": -6.230857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.303373, "energy": 56.957962, "activity_lines": [ 7.996667, 7.892727, 7.675323, 7.47518 ] }, { "date": "2026-08-07", "close": 7.9, "volume": 387300, "typical_volume": 1749925.0, "trend": 7.271535, "fair_value": 8.293347, "relative_strength": -7.151699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.916529, "energy": 49.458718, "activity_lines": [ 7.966667, 7.917273, 7.716827, 7.517985 ] } ], "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." } } }