{ "ticker": { "uuid": "72f2ad53-f645-4d8c-ad5d-dd066b3c0bb7", "symbol": "LTX", "name": "Litix S.p.A.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -36.449, "architecture_energy": 19.951, "architecture_maturity": 22.61, "architecture_confidence": 61.632, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 51.51, "rotation_up": 15.09, "upward_expansion": 13.92, "deceleration": 60.23, "rotation_down": 48.64, "downward_expansion": 61.59 }, "activity_lines": [ 0.705333, 0.720727, 0.713376, 0.719903 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 0.695, "trend_reference": 0.737767, "distance_from_trend": -0.057968, "trend_direction": "Weakening", "fair_value": 1.007338, "distance_from_fair_value": -0.310062, "fair_value_direction": "Weakening", "relative_strength": -26.926639, "relative_strength_direction": "Weakening", "price_momentum": -0.13125, "excess_performance": -0.302142, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.057968, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.057408, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.310062, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.00658, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.269266, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.004201, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.13125, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.793233, "read": "Supply-led" } ], "volume": { "latest": 11000, "relative_activity": 0.357143, "balance": 0.793233, "dry_up": 0.868506, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.111234, "annualized_volatility": 0.643233, "from_high_reference": -0.359447, "from_low_reference": 0.103175 }, "levels": { "trend_reference": 0.737767, "fair_value_reference": 1.007338, "structural_low": 0.63, "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": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-06-26", "tenure": "Established", "return": -0.182353, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": -0.228261, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.054422, "active": true } ], "chart_path": [ { "date": "2024-07-12", "close": 1.3998, "volume": 401000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 1.41, "volume": 163000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 1.37, "volume": 45000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 1.365, "volume": 46000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 1.3, "volume": 72000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 1.265, "volume": 8000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 1.21, "volume": 23000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 1.21, "volume": 115000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 1.31, "volume": 129000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 1.385, "volume": 62000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 1.44, "volume": 38000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 1.46, "volume": 10000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 1.335, "volume": 24000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 1.3, "volume": 148000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 1.36, "volume": 154000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 1.3, "volume": 139000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 1.445, "volume": 305000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 1.3, "volume": 120000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 1.325, "volume": 44000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 1.29, "volume": 21000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 1.32, "volume": 24000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 1.33, "volume": 26000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 1.41, "volume": 171000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 1.35, "volume": 301000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 1.34, "volume": 19000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 1.34, "volume": 21000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 1.31, "volume": 35000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 1.25, "volume": 20000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 1.28, "volume": 25000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 1.26, "volume": 15000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 1.28, "volume": 11000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 1.26, "volume": 50000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 1.25, "volume": 30000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 1.21, "volume": 11000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 1.15, "volume": 29000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 1.1, "volume": 38000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 0.94, "volume": 134000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 1.135, "volume": 772000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 0.98, "volume": 200000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 0.996, "volume": 79000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 0.992, "volume": 15000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 1.175, "volume": 183000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 1.08, "volume": 88000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 1.025, "volume": 72000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 1.065, "volume": 56000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 0.99, "volume": 69000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 1.005, "volume": 30000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 0.942, "volume": 44000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 0.95, "volume": 13000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 0.932, "volume": 17000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 0.9, "volume": 50000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 0.902, "volume": 34000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 0.892, "volume": 25000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 0.868, "volume": 30000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 0.936, "volume": 172000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 0.934, "volume": 452000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 0.944, "volume": 66000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 0.922, "volume": 27000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 0.936, "volume": 65000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 0.954, "volume": 32000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 0.924, "volume": 21000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 1.0, "volume": 114000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 1.02, "volume": 14000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 1.01, "volume": 64000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 0.94, "volume": 62000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 0.934, "volume": 59000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 0.936, "volume": 13000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 0.914, "volume": 12000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 0.886, "volume": 5000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 0.89, "volume": 6000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 0.794, "volume": 34000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 0.88, "volume": 93000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 0.902, "volume": 16000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 0.88, "volume": 13000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 0.862, "volume": 29000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 0.822, "volume": 18000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 0.84, "volume": 7000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 0.822, "volume": 6000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 0.796, "volume": 29000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 0.85, "volume": 205000, "typical_volume": 41000.0, "trend": 0.903, "fair_value": 1.10646, "relative_strength": -23.939689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.348821, "energy": 52.513243, "activity_lines": [ 0.8268, 0.838945, 0.865181, 0.885574 ] }, { "date": "2026-01-23", "close": 0.804, "volume": 31000, "typical_volume": 41500.0, "trend": 0.8998, "fair_value": 1.102726, "relative_strength": -25.47911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.063558, "energy": 46.983411, "activity_lines": [ 0.819467, 0.831527, 0.856505, 0.879187 ] }, { "date": "2026-01-30", "close": 0.796, "volume": 34000, "typical_volume": 37500.0, "trend": 0.896267, "fair_value": 1.098985, "relative_strength": -26.342572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.561231, "energy": 43.957875, "activity_lines": [ 0.810667, 0.822473, 0.847638, 0.87249 ] }, { "date": "2026-02-06", "close": 0.8, "volume": 19000, "typical_volume": 37750.0, "trend": 0.8932, "fair_value": 1.095383, "relative_strength": -25.504901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.193039, "energy": 40.298393, "activity_lines": [ 0.806133, 0.815673, 0.840124, 0.86628 ] }, { "date": "2026-02-13", "close": 0.82, "volume": 36000, "typical_volume": 36350.0, "trend": 0.8916, "fair_value": 1.092105, "relative_strength": -21.922564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.088857, "energy": 38.739042, "activity_lines": [ 0.809733, 0.814364, 0.835562, 0.861557 ] }, { "date": "2026-02-20", "close": 0.808, "volume": 24000, "typical_volume": 34450.0, "trend": 0.887333, "fair_value": 1.088762, "relative_strength": -23.830336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.720049, "energy": 38.1251, "activity_lines": [ 0.807733, 0.811964, 0.830762, 0.856163 ] }, { "date": "2026-02-27", "close": 0.78, "volume": 7000, "typical_volume": 31850.0, "trend": 0.8822, "fair_value": 1.085172, "relative_strength": -26.70505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.386058, "energy": 41.082056, "activity_lines": [ 0.7992, 0.805455, 0.823924, 0.849239 ] }, { "date": "2026-03-06", "close": 0.78, "volume": 21000, "typical_volume": 32250.0, "trend": 0.876733, "fair_value": 1.081664, "relative_strength": -20.808963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.220332, "energy": 39.873602, "activity_lines": [ 0.792267, 0.799709, 0.817819, 0.842645 ] }, { "date": "2026-03-13", "close": 0.698, "volume": 21000, "typical_volume": 32700.0, "trend": 0.869267, "fair_value": 1.077305, "relative_strength": -28.616102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.404617, "energy": 72.148791, "activity_lines": [ 0.759067, 0.780145, 0.804648, 0.831114 ] }, { "date": "2026-03-20", "close": 0.67, "volume": 13000, "typical_volume": 33100.0, "trend": 0.8604, "fair_value": 1.072728, "relative_strength": -28.593559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.496879, "energy": 85.700386, "activity_lines": [ 0.723333, 0.757745, 0.789838, 0.818258 ] }, { "date": "2026-03-27", "close": 0.76, "volume": 52000, "typical_volume": 35400.0, "trend": 0.853933, "fair_value": 1.069253, "relative_strength": -19.170257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.322378, "energy": 68.291974, "activity_lines": [ 0.7276, 0.754, 0.784629, 0.811781 ] }, { "date": "2026-04-03", "close": 0.742, "volume": 8000, "typical_volume": 34100.0, "trend": 0.847867, "fair_value": 1.065657, "relative_strength": -24.160615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.66228, "energy": 63.077973, "activity_lines": [ 0.729067, 0.748618, 0.778324, 0.804559 ] }, { "date": "2026-04-10", "close": 0.73, "volume": 11000, "typical_volume": 30000.0, "trend": 0.838867, "fair_value": 1.062009, "relative_strength": -27.591468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.356976, "energy": 45.868061, "activity_lines": [ 0.729067, 0.742182, 0.771124, 0.796955 ] }, { "date": "2026-04-17", "close": 0.73, "volume": 9000, "typical_volume": 29650.0, "trend": 0.8292, "fair_value": 1.058439, "relative_strength": -28.639711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.765572, "energy": 41.331846, "activity_lines": [ 0.7324, 0.736945, 0.764638, 0.789931 ] }, { "date": "2026-04-24", "close": 0.73, "volume": 24000, "typical_volume": 30200.0, "trend": 0.819867, "fair_value": 1.054945, "relative_strength": -25.721815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.226276, "energy": 38.40212, "activity_lines": [ 0.7336, 0.732982, 0.758971, 0.783531 ] }, { "date": "2026-05-01", "close": 0.72, "volume": 6000, "typical_volume": 29050.0, "trend": 0.812533, "fair_value": 1.051419, "relative_strength": -26.729624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.613374, "energy": 44.316507, "activity_lines": [ 0.727467, 0.728836, 0.753067, 0.777088 ] }, { "date": "2026-05-08", "close": 0.73, "volume": 4000, "typical_volume": 28350.0, "trend": 0.805733, "fair_value": 1.048071, "relative_strength": -26.506562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.200507, "energy": 40.407557, "activity_lines": [ 0.727333, 0.728109, 0.74879, 0.771763 ] }, { "date": "2026-05-15", "close": 0.72, "volume": 7000, "typical_volume": 28350.0, "trend": 0.798533, "fair_value": 1.044689, "relative_strength": -26.446786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.111049, "energy": 43.410249, "activity_lines": [ 0.724667, 0.726473, 0.744, 0.766232 ] }, { "date": "2026-05-22", "close": 0.675, "volume": 22000, "typical_volume": 29150.0, "trend": 0.790567, "fair_value": 1.040916, "relative_strength": -30.830066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.252296, "energy": 67.955712, "activity_lines": [ 0.707667, 0.717745, 0.735495, 0.758262 ] }, { "date": "2026-05-29", "close": 0.65, "volume": 20000, "typical_volume": 28700.0, "trend": 0.7827, "fair_value": 1.036968, "relative_strength": -33.306031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.431487, "energy": 80.633606, "activity_lines": [ 0.686, 0.704891, 0.72531, 0.749194 ] }, { "date": "2026-06-05", "close": 0.665, "volume": 1000, "typical_volume": 18500.0, "trend": 0.7752, "fair_value": 1.033248, "relative_strength": -30.896441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.430719, "energy": 82.220774, "activity_lines": [ 0.674667, 0.695127, 0.717248, 0.7416 ] }, { "date": "2026-06-12", "close": 0.675, "volume": 0, "typical_volume": 16950.0, "trend": 0.771233, "fair_value": 1.029701, "relative_strength": -31.289829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.730977, "energy": 84.666229, "activity_lines": [ 0.670333, 0.688909, 0.711019, 0.735135 ] }, { "date": "2026-06-19", "close": 0.63, "volume": 0, "typical_volume": 15250.0, "trend": 0.7629, "fair_value": 1.025782, "relative_strength": -36.75649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.497851, "energy": 91.862766, "activity_lines": [ 0.654667, 0.675727, 0.701119, 0.726024 ] }, { "date": "2026-06-26", "close": 0.695, "volume": 14000, "typical_volume": 15000.0, "trend": 0.756, "fair_value": 1.022571, "relative_strength": -27.402427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.257335, "energy": 69.473288, "activity_lines": [ 0.666667, 0.676182, 0.6982, 0.721643 ] }, { "date": "2026-07-03", "close": 0.92, "volume": 153000, "typical_volume": 20850.0, "trend": 0.757333, "fair_value": 1.021585, "relative_strength": -6.210553, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 18.255945, "energy": 24.225616, "activity_lines": [ 0.752333, 0.718182, 0.71721, 0.732224 ] }, { "date": "2026-07-10", "close": 0.71, "volume": 178000, "typical_volume": 28550.0, "trend": 0.752267, "fair_value": 1.018617, "relative_strength": -26.671672, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -14.298304, "energy": 20.504438, "activity_lines": [ 0.75, 0.718545, 0.715743, 0.72917 ] }, { "date": "2026-07-17", "close": 0.735, "volume": 32000, "typical_volume": 29800.0, "trend": 0.749367, "fair_value": 1.015942, "relative_strength": -22.421582, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.849023, "energy": 23.059201, "activity_lines": [ 0.753, 0.723636, 0.717124, 0.728056 ] }, { "date": "2026-07-24", "close": 0.735, "volume": 25000, "typical_volume": 30000.0, "trend": 0.745867, "fair_value": 1.013316, "relative_strength": -21.575474, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.371513, "energy": 23.129695, "activity_lines": [ 0.752, 0.728636, 0.718719, 0.727129 ] }, { "date": "2026-07-31", "close": 0.68, "volume": 39000, "typical_volume": 30900.0, "trend": 0.741133, "fair_value": 1.01023, "relative_strength": -27.15858, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.755762, "energy": 15.388968, "activity_lines": [ 0.725667, 0.723364, 0.71529, 0.72288 ] }, { "date": "2026-08-07", "close": 0.695, "volume": 11000, "typical_volume": 30800.0, "trend": 0.737767, "fair_value": 1.007338, "relative_strength": -26.926639, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.448986, "energy": 19.950806, "activity_lines": [ 0.705333, 0.720727, 0.713376, 0.719903 ] } ], "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." } } }