{ "ticker": { "uuid": "72f8e990-eb95-46a1-a4cb-2476907ee4c0", "symbol": "ALCLA", "name": "CLARANOVA", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -71.791, "architecture_energy": 71.421, "architecture_maturity": 34.852, "architecture_confidence": 93.44, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 14.77, "rotation_up": 17.49, "upward_expansion": 14.71, "deceleration": 40.62, "rotation_down": 68.93, "downward_expansion": 90.38 }, "activity_lines": [ 0.6342, 0.653382, 0.708105, 0.732867 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 0.618, "trend_reference": 0.808533, "distance_from_trend": -0.235653, "trend_direction": "Weakening", "fair_value": 1.669154, "distance_from_fair_value": -0.629753, "fair_value_direction": "Weakening", "relative_strength": -49.556876, "relative_strength_direction": "Weakening", "price_momentum": -0.457895, "excess_performance": -0.511206, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.235653, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.224379, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.629753, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.119091, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.495569, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.016792, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.457895, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.043531, "read": "Supply-led" } ], "volume": { "latest": 410875, "relative_activity": 1.171065, "balance": 0.043531, "dry_up": 0.899086, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.098457, "annualized_volatility": 0.626321, "from_high_reference": -0.716514, "from_low_reference": 0.019802 }, "levels": { "trend_reference": 0.808533, "fair_value_reference": 1.669154, "structural_low": 0.606, "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": 44, "median_return": -0.047042, "positive_rate": 0.409091, "directional_follow_through": 0.590909, "median_excess_return": -0.049216, "regime_survival": 0.863636, "best_return": 0.364062, "worst_return": -0.395866, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.136256, "positive_rate": 0.266667, "directional_follow_through": 0.733333, "median_excess_return": -0.142076, "regime_survival": 0.8, "best_return": 0.592954, "worst_return": -0.471538, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.300357, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.270206, "regime_survival": 0.75, "best_return": 0.776406, "worst_return": -0.596357, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.204621, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.208675, "regime_survival": 1.0, "best_return": 0.097394, "worst_return": -0.538593, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-01", "end": "2023-09-22", "tenure": "New", "return": -0.15411, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-29", "end": "2023-12-15", "tenure": "Developing", "return": 0.311385, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-22", "end": "2024-01-05", "tenure": "New", "return": 0.164614, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-12", "end": "2024-03-22", "tenure": "Developing", "return": 0.206311, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-29", "end": "2024-06-07", "tenure": "Developing", "return": -0.179537, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-14", "end": "2024-07-05", "tenure": "New", "return": 0.022129, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2025-02-07", "tenure": "Extended", "return": -0.164398, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.257534, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-07-04", "tenure": "Established", "return": -0.02439, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": -0.095982, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": -0.130152, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-12", "end": "2026-05-22", "tenure": "Extended", "return": -0.515276, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.115854, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.117143, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.766, "volume": 154622, "typical_volume": 435666.45, "trend": 1.951133, "fair_value": 4.598308, "relative_strength": -26.59552, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.849901, "energy": 26.076446, "activity_lines": [ 1.743067, 1.728364, 1.777886, 1.837032 ] }, { "date": "2023-08-25", "close": 1.756, "volume": 154764, "typical_volume": 427467.55, "trend": 1.921867, "fair_value": 4.566263, "relative_strength": -26.469691, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.281038, "energy": 17.45768, "activity_lines": [ 1.754267, 1.734764, 1.770205, 1.824443 ] }, { "date": "2023-09-01", "close": 1.752, "volume": 155343, "typical_volume": 424966.1, "trend": 1.8926, "fair_value": 4.535346, "relative_strength": -26.156033, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.032803, "energy": 16.477653, "activity_lines": [ 1.762, 1.740036, 1.7634, 1.813484 ] }, { "date": "2023-09-08", "close": 1.684, "volume": 239932, "typical_volume": 422158.65, "trend": 1.871933, "fair_value": 4.504923, "relative_strength": -27.201268, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.559384, "energy": 21.503846, "activity_lines": [ 1.735733, 1.732, 1.751119, 1.800026 ] }, { "date": "2023-09-15", "close": 1.632, "volume": 517301, "typical_volume": 408692.25, "trend": 1.853, "fair_value": 4.473045, "relative_strength": -29.542363, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.068069, "energy": 31.999164, "activity_lines": [ 1.695333, 1.714582, 1.734848, 1.784546 ] }, { "date": "2023-09-22", "close": 1.482, "volume": 327321, "typical_volume": 412825.55, "trend": 1.832067, "fair_value": 4.441519, "relative_strength": -33.224657, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.951602, "energy": 57.388109, "activity_lines": [ 1.616667, 1.671382, 1.706067, 1.760611 ] }, { "date": "2023-09-29", "close": 1.458, "volume": 239253, "typical_volume": 366048.65, "trend": 1.812333, "fair_value": 4.410353, "relative_strength": -32.748941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.123635, "energy": 70.203555, "activity_lines": [ 1.548933, 1.628873, 1.677848, 1.736477 ] }, { "date": "2023-10-06", "close": 1.478, "volume": 265724, "typical_volume": 369920.85, "trend": 1.795933, "fair_value": 4.379763, "relative_strength": -29.945485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.811367, "energy": 71.969073, "activity_lines": [ 1.507733, 1.594836, 1.654067, 1.714908 ] }, { "date": "2023-10-13", "close": 1.544, "volume": 756485, "typical_volume": 397810.35, "trend": 1.7831, "fair_value": 4.349628, "relative_strength": -25.209512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.890286, "energy": 63.233655, "activity_lines": [ 1.5068, 1.574691, 1.638867, 1.698654 ] }, { "date": "2023-10-20", "close": 1.436, "volume": 366567, "typical_volume": 403337.15, "trend": 1.768167, "fair_value": 4.319635, "relative_strength": -27.631047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.635814, "energy": 54.450902, "activity_lines": [ 1.4792, 1.538327, 1.615162, 1.67626 ] }, { "date": "2023-10-27", "close": 1.378, "volume": 463665, "typical_volume": 416498.9, "trend": 1.744433, "fair_value": 4.293981, "relative_strength": -29.539747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.061579, "energy": 47.126987, "activity_lines": [ 1.445333, 1.498182, 1.587905, 1.651088 ] }, { "date": "2023-11-03", "close": 1.39, "volume": 229748, "typical_volume": 399062.3, "trend": 1.723433, "fair_value": 4.263532, "relative_strength": -30.731223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.039186, "energy": 53.831228, "activity_lines": [ 1.4224, 1.467273, 1.564057, 1.628222 ] }, { "date": "2023-11-10", "close": 1.402, "volume": 357922, "typical_volume": 390361.5, "trend": 1.704767, "fair_value": 4.232391, "relative_strength": -29.224775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.293979, "energy": 64.896198, "activity_lines": [ 1.408, 1.4452, 1.54299, 1.607484 ] }, { "date": "2023-11-17", "close": 1.41, "volume": 256552, "typical_volume": 394097.85, "trend": 1.6889, "fair_value": 4.197263, "relative_strength": -29.931493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.928007, "energy": 58.93806, "activity_lines": [ 1.401333, 1.430945, 1.524105, 1.588467 ] }, { "date": "2023-11-24", "close": 1.396, "volume": 224408, "typical_volume": 391940.9, "trend": 1.6686, "fair_value": 4.159417, "relative_strength": -30.172622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.801344, "energy": 48.759558, "activity_lines": [ 1.398933, 1.419127, 1.50521, 1.56957 ] }, { "date": "2023-12-01", "close": 1.516, "volume": 543243, "typical_volume": 409026.25, "trend": 1.6498, "fair_value": 4.124808, "relative_strength": -23.72207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.214138, "energy": 28.850038, "activity_lines": [ 1.4392, 1.433418, 1.499257, 1.559725 ] }, { "date": "2023-12-08", "close": 1.812, "volume": 932550, "typical_volume": 449034.95, "trend": 1.643867, "fair_value": 4.091968, "relative_strength": -9.856413, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.205478, "energy": 11.142057, "activity_lines": [ 1.568933, 1.500909, 1.522657, 1.570189 ] }, { "date": "2023-12-15", "close": 1.912, "volume": 737317, "typical_volume": 467508.8, "trend": 1.642267, "fair_value": 4.059994, "relative_strength": -4.638821, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.685952, "energy": 36.963518, "activity_lines": [ 1.703867, 1.580145, 1.555162, 1.587488 ] }, { "date": "2023-12-22", "close": 1.786, "volume": 498421, "typical_volume": 413321.65, "trend": 1.637867, "fair_value": 4.027885, "relative_strength": -9.562175, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.72817, "energy": 38.138911, "activity_lines": [ 1.7628, 1.628582, 1.574095, 1.596761 ] }, { "date": "2023-12-29", "close": 2.125, "volume": 953547, "typical_volume": 418734.25, "trend": 1.647033, "fair_value": 3.998462, "relative_strength": 9.117779, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.463735, "energy": 67.113623, "activity_lines": [ 1.909667, 1.734255, 1.625057, 1.628189 ] }, { "date": "2024-01-05", "close": 2.08, "volume": 623036, "typical_volume": 442154.95, "trend": 1.654567, "fair_value": 3.966122, "relative_strength": 9.697793, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.100692, "energy": 81.614083, "activity_lines": [ 1.992933, 1.819218, 1.670224, 1.656123 ] }, { "date": "2024-01-12", "close": 2.06, "volume": 775817, "typical_volume": 473207.6, "trend": 1.665433, "fair_value": 3.93516, "relative_strength": 9.087758, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.651103, "energy": 80.345304, "activity_lines": [ 2.031933, 1.887782, 1.71199, 1.68228 ] }, { "date": "2024-01-19", "close": 2.105, "volume": 654831, "typical_volume": 498182.0, "trend": 1.678933, "fair_value": 3.904423, "relative_strength": 13.730272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.684083, "energy": 79.870345, "activity_lines": [ 2.0694, 1.952345, 1.756595, 1.710639 ] }, { "date": "2024-01-26", "close": 2.215, "volume": 999683, "typical_volume": 536169.55, "trend": 1.6965, "fair_value": 3.877821, "relative_strength": 16.279736, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.35327, "energy": 78.274329, "activity_lines": [ 2.130667, 2.024127, 1.809995, 1.745224 ] }, { "date": "2024-02-02", "close": 2.275, "volume": 1176567, "typical_volume": 569132.85, "trend": 1.7152, "fair_value": 3.849231, "relative_strength": 20.682815, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.84326, "energy": 69.116768, "activity_lines": [ 2.183333, 2.092182, 1.866581, 1.782546 ] }, { "date": "2024-02-09", "close": 2.55, "volume": 2690936, "typical_volume": 687313.6, "trend": 1.741533, "fair_value": 3.822212, "relative_strength": 34.186475, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.981954, "energy": 74.948131, "activity_lines": [ 2.317667, 2.194255, 1.946295, 1.836404 ] }, { "date": "2024-02-16", "close": 2.715, "volume": 2015920, "typical_volume": 776146.95, "trend": 1.774567, "fair_value": 3.796282, "relative_strength": 40.106877, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.155801, "energy": 79.347821, "activity_lines": [ 2.475667, 2.307527, 2.036638, 1.899209 ] }, { "date": "2024-02-23", "close": 2.65, "volume": 918556, "typical_volume": 808788.55, "trend": 1.810167, "fair_value": 3.771795, "relative_strength": 32.944873, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.039668, "energy": 72.733588, "activity_lines": [ 2.568333, 2.392564, 2.114805, 1.955688 ] }, { "date": "2024-03-01", "close": 2.46, "volume": 717836, "typical_volume": 806856.1, "trend": 1.834433, "fair_value": 3.746795, "relative_strength": 23.623459, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.77239, "energy": 62.579128, "activity_lines": [ 2.561333, 2.429636, 2.169295, 1.997613 ] }, { "date": "2024-03-08", "close": 2.39, "volume": 472221, "typical_volume": 812138.8, "trend": 1.853833, "fair_value": 3.720224, "relative_strength": 18.47578, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.920447, "energy": 54.691004, "activity_lines": [ 2.514667, 2.441727, 2.212757, 2.033456 ] }, { "date": "2024-03-15", "close": 2.285, "volume": 485620, "typical_volume": 813236.55, "trend": 1.871133, "fair_value": 3.692276, "relative_strength": 11.367833, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.870227, "energy": 38.515527, "activity_lines": [ 2.425333, 2.429909, 2.241676, 2.061273 ] }, { "date": "2024-03-22", "close": 2.485, "volume": 933414, "typical_volume": 848419.85, "trend": 1.895433, "fair_value": 3.665288, "relative_strength": 20.964483, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.849392, "energy": 31.561071, "activity_lines": [ 2.420333, 2.450727, 2.285324, 2.100877 ] }, { "date": "2024-03-29", "close": 2.59, "volume": 259970, "typical_volume": 843522.25, "trend": 1.923367, "fair_value": 3.630641, "relative_strength": 24.959666, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.838495, "energy": 35.891586, "activity_lines": [ 2.465667, 2.482909, 2.333757, 2.145688 ] }, { "date": "2024-04-05", "close": 2.33, "volume": 804958, "typical_volume": 870942.55, "trend": 1.9449, "fair_value": 3.591667, "relative_strength": 14.31512, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.018614, "energy": 27.512611, "activity_lines": [ 2.428333, 2.459, 2.351771, 2.171923 ] }, { "date": "2024-04-12", "close": 2.38, "volume": 254341, "typical_volume": 872439.2, "trend": 1.969833, "fair_value": 3.556667, "relative_strength": 17.181584, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.245047, "energy": 27.353252, "activity_lines": [ 2.416333, 2.442091, 2.370167, 2.199994 ] }, { "date": "2024-04-19", "close": 2.53, "volume": 681951, "typical_volume": 879374.6, "trend": 2.004767, "fair_value": 3.524455, "relative_strength": 23.763322, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.704406, "energy": 32.032015, "activity_lines": [ 2.455, 2.450545, 2.398162, 2.236133 ] }, { "date": "2024-04-26", "close": 2.44, "volume": 689049, "typical_volume": 867199.55, "trend": 2.0375, "fair_value": 3.491731, "relative_strength": 18.085874, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.094838, "energy": 24.599079, "activity_lines": [ 2.447333, 2.443, 2.412757, 2.264213 ] }, { "date": "2024-05-03", "close": 2.405, "volume": 260082, "typical_volume": 843337.8, "trend": 2.0684, "fair_value": 3.459391, "relative_strength": 18.104204, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.890054, "energy": 20.565177, "activity_lines": [ 2.431, 2.434091, 2.421029, 2.287923 ] }, { "date": "2024-05-10", "close": 2.46, "volume": 466718, "typical_volume": 841752.65, "trend": 2.098933, "fair_value": 3.428686, "relative_strength": 16.689419, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.534158, "energy": 25.412062, "activity_lines": [ 2.445333, 2.439636, 2.43219, 2.313187 ] }, { "date": "2024-05-17", "close": 2.285, "volume": 507050, "typical_volume": 819427.8, "trend": 2.127233, "fair_value": 3.397244, "relative_strength": 8.925381, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.848938, "energy": 9.88266, "activity_lines": [ 2.392667, 2.413364, 2.423476, 2.325191 ] }, { "date": "2024-05-24", "close": 2.22, "volume": 363027, "typical_volume": 806427.35, "trend": 2.1553, "fair_value": 3.365256, "relative_strength": 6.67765, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.157907, "energy": 8.483511, "activity_lines": [ 2.324667, 2.377182, 2.40781, 2.331176 ] }, { "date": "2024-05-31", "close": 2.175, "volume": 419144, "typical_volume": 788593.7, "trend": 2.181467, "fair_value": 3.333686, "relative_strength": 5.710593, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.61714, "energy": 15.611316, "activity_lines": [ 2.262333, 2.334, 2.38719, 2.332447 ] }, { "date": "2024-06-07", "close": 2.125, "volume": 266970, "typical_volume": 769200.65, "trend": 2.205567, "fair_value": 3.301154, "relative_strength": 3.099474, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.28604, "energy": 37.750339, "activity_lines": [ 2.201, 2.287364, 2.361262, 2.328804 ] }, { "date": "2024-06-14", "close": 1.898, "volume": 500670, "typical_volume": 744250.0, "trend": 2.221833, "fair_value": 3.267551, "relative_strength": -1.929412, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.735409, "energy": 56.056112, "activity_lines": [ 2.082667, 2.207909, 2.313619, 2.308961 ] }, { "date": "2024-06-21", "close": 1.856, "volume": 342044, "typical_volume": 702523.85, "trend": 2.237167, "fair_value": 3.235571, "relative_strength": -5.716774, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.250237, "energy": 69.849369, "activity_lines": [ 1.9878, 2.128673, 2.263486, 2.285359 ] }, { "date": "2024-06-28", "close": 1.712, "volume": 312647, "typical_volume": 583609.4, "trend": 2.2437, "fair_value": 3.202955, "relative_strength": -11.302566, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.859051, "energy": 77.193167, "activity_lines": [ 1.873533, 2.032782, 2.201633, 2.251477 ] }, { "date": "2024-07-05", "close": 1.94, "volume": 406790, "typical_volume": 503152.9, "trend": 2.247967, "fair_value": 3.171353, "relative_strength": -2.145134, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.455111, "energy": 81.181237, "activity_lines": [ 1.869133, 1.993218, 2.165486, 2.231884 ] }, { "date": "2024-07-12", "close": 1.91, "volume": 217278, "typical_volume": 468089.0, "trend": 2.2479, "fair_value": 3.137891, "relative_strength": -4.327107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.356496, "energy": 77.472083, "activity_lines": [ 1.8704, 1.957291, 2.130171, 2.21008 ] }, { "date": "2024-07-19", "close": 1.788, "volume": 280103, "typical_volume": 446202.35, "trend": 2.247967, "fair_value": 3.103103, "relative_strength": -8.218643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.676896, "energy": 76.720846, "activity_lines": [ 1.845333, 1.908182, 2.086762, 2.180409 ] }, { "date": "2024-07-26", "close": 1.734, "volume": 302963, "typical_volume": 437739.45, "trend": 2.234933, "fair_value": 3.064538, "relative_strength": -10.917459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.856489, "energy": 76.578679, "activity_lines": [ 1.8096, 1.861473, 2.04141, 2.147249 ] }, { "date": "2024-08-02", "close": 1.582, "volume": 501655, "typical_volume": 438541.2, "trend": 2.218333, "fair_value": 3.029808, "relative_strength": -15.629815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.553513, "energy": 84.375328, "activity_lines": [ 1.731333, 1.797145, 1.984705, 2.105125 ] }, { "date": "2024-08-09", "close": 1.494, "volume": 572931, "typical_volume": 420517.05, "trend": 2.199467, "fair_value": 2.993936, "relative_strength": -20.277324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.901044, "energy": 91.125056, "activity_lines": [ 1.6324, 1.728418, 1.922967, 2.058394 ] }, { "date": "2024-08-16", "close": 1.482, "volume": 351555, "typical_volume": 425096.3, "trend": 2.1787, "fair_value": 2.958051, "relative_strength": -22.553501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.184951, "energy": 90.834235, "activity_lines": [ 1.5592, 1.669891, 1.864805, 2.012105 ] }, { "date": "2024-08-23", "close": 1.484, "volume": 448038, "typical_volume": 407250.3, "trend": 2.154333, "fair_value": 2.921699, "relative_strength": -23.482861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.009505, "energy": 88.071586, "activity_lines": [ 1.5152, 1.623418, 1.81211, 1.967286 ] }, { "date": "2024-08-30", "close": 1.46, "volume": 185884, "typical_volume": 403827.45, "trend": 2.127167, "fair_value": 2.884615, "relative_strength": -24.977209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.915223, "energy": 86.822688, "activity_lines": [ 1.483467, 1.580109, 1.761157, 1.92249 ] }, { "date": "2024-09-06", "close": 1.43, "volume": 226178, "typical_volume": 381038.8, "trend": 2.089833, "fair_value": 2.848814, "relative_strength": -23.51425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.696689, "energy": 77.546848, "activity_lines": [ 1.46, 1.538545, 1.711729, 1.877512 ] }, { "date": "2024-09-13", "close": 1.36, "volume": 276631, "typical_volume": 360417.9, "trend": 2.044667, "fair_value": 2.813846, "relative_strength": -28.146999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.65864, "energy": 75.282052, "activity_lines": [ 1.423333, 1.489382, 1.660871, 1.830426 ] }, { "date": "2024-09-20", "close": 1.268, "volume": 404950, "typical_volume": 367661.3, "trend": 1.9986, "fair_value": 2.780051, "relative_strength": -33.13164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.825311, "energy": 81.780124, "activity_lines": [ 1.364933, 1.434036, 1.606395, 1.780318 ] }, { "date": "2024-09-27", "close": 1.6, "volume": 778910, "typical_volume": 383270.9, "trend": 1.969933, "fair_value": 2.752936, "relative_strength": -18.786656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.421813, "energy": 60.93635, "activity_lines": [ 1.431467, 1.450727, 1.588952, 1.754602 ] }, { "date": "2024-10-04", "close": 1.516, "volume": 423257, "typical_volume": 379081.25, "trend": 1.9408, "fair_value": 2.726436, "relative_strength": -20.444709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.092296, "energy": 50.853448, "activity_lines": [ 1.462267, 1.455564, 1.567605, 1.725316 ] }, { "date": "2024-10-11", "close": 1.476, "volume": 201067, "typical_volume": 370983.25, "trend": 1.913833, "fair_value": 2.699038, "relative_strength": -22.766219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.639621, "energy": 42.580346, "activity_lines": [ 1.476, 1.457091, 1.54611, 1.695329 ] }, { "date": "2024-10-18", "close": 1.474, "volume": 188862, "typical_volume": 359469.15, "trend": 1.880133, "fair_value": 2.672013, "relative_strength": -23.127082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.397958, "energy": 30.590005, "activity_lines": [ 1.486, 1.460182, 1.527967, 1.666953 ] }, { "date": "2024-10-25", "close": 1.384, "volume": 545014, "typical_volume": 373371.35, "trend": 1.839933, "fair_value": 2.646333, "relative_strength": -26.606857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.861399, "energy": 39.419496, "activity_lines": [ 1.4584, 1.447273, 1.50459, 1.634944 ] }, { "date": "2024-11-01", "close": 1.412, "volume": 1533878, "typical_volume": 425031.75, "trend": 1.809333, "fair_value": 2.62125, "relative_strength": -24.189745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.938626, "energy": 40.379267, "activity_lines": [ 1.4324, 1.441236, 1.48741, 1.607335 ] }, { "date": "2024-11-08", "close": 1.354, "volume": 469702, "typical_volume": 431414.65, "trend": 1.775133, "fair_value": 2.595538, "relative_strength": -26.524473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.440148, "energy": 45.572727, "activity_lines": [ 1.3996, 1.425964, 1.467019, 1.577959 ] }, { "date": "2024-11-15", "close": 1.318, "volume": 368444, "typical_volume": 434204.5, "trend": 1.734733, "fair_value": 2.571135, "relative_strength": -27.723432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.02968, "energy": 48.77714, "activity_lines": [ 1.3656, 1.406073, 1.44559, 1.548467 ] }, { "date": "2024-11-22", "close": 1.316, "volume": 502529, "typical_volume": 438991.45, "trend": 1.697267, "fair_value": 2.549224, "relative_strength": -27.632034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.227662, "energy": 48.292631, "activity_lines": [ 1.341467, 1.387855, 1.425848, 1.521452 ] }, { "date": "2024-11-29", "close": 1.47, "volume": 424493, "typical_volume": 449352.2, "trend": 1.6661, "fair_value": 2.530212, "relative_strength": -18.921256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.863121, "energy": 38.032446, "activity_lines": [ 1.3792, 1.398436, 1.423743, 1.506789 ] }, { "date": "2024-12-06", "close": 1.37, "volume": 424661, "typical_volume": 456580.1, "trend": 1.629767, "fair_value": 2.507968, "relative_strength": -26.068613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.771775, "energy": 33.712022, "activity_lines": [ 1.377867, 1.387164, 1.41421, 1.487686 ] }, { "date": "2024-12-13", "close": 1.29, "volume": 394463, "typical_volume": 461155.1, "trend": 1.5966, "fair_value": 2.484468, "relative_strength": -29.803395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.562197, "energy": 35.894039, "activity_lines": [ 1.352667, 1.365527, 1.399048, 1.465766 ] }, { "date": "2024-12-20", "close": 1.188, "volume": 504955, "typical_volume": 461320.1, "trend": 1.5622, "fair_value": 2.458301, "relative_strength": -33.780256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.36403, "energy": 41.819868, "activity_lines": [ 1.297733, 1.329455, 1.376286, 1.439404 ] }, { "date": "2024-12-27", "close": 1.23, "volume": 186196, "typical_volume": 441983.35, "trend": 1.5307, "fair_value": 2.430481, "relative_strength": -31.582356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.215514, "energy": 58.025527, "activity_lines": [ 1.265467, 1.306255, 1.3594, 1.417972 ] }, { "date": "2025-01-03", "close": 1.238, "volume": 186061, "typical_volume": 433708.65, "trend": 1.501133, "fair_value": 2.401782, "relative_strength": -29.836765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.372314, "energy": 65.152781, "activity_lines": [ 1.2416, 1.288945, 1.344533, 1.399088 ] }, { "date": "2025-01-10", "close": 1.334, "volume": 470000, "typical_volume": 434806.75, "trend": 1.482333, "fair_value": 2.37091, "relative_strength": -25.338667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.677989, "energy": 50.496551, "activity_lines": [ 1.2652, 1.291745, 1.339971, 1.388305 ] }, { "date": "2025-01-17", "close": 1.3, "volume": 359437, "typical_volume": 443484.4, "trend": 1.4638, "fair_value": 2.341744, "relative_strength": -29.209743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.054301, "energy": 32.712423, "activity_lines": [ 1.279867, 1.289782, 1.332886, 1.376542 ] }, { "date": "2025-01-24", "close": 1.28, "volume": 231684, "typical_volume": 443759.7, "trend": 1.4494, "fair_value": 2.316006, "relative_strength": -31.502738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.687091, "energy": 24.963331, "activity_lines": [ 1.2872, 1.285164, 1.324657, 1.364684 ] }, { "date": "2025-01-31", "close": 1.416, "volume": 450055, "typical_volume": 452430.9, "trend": 1.431933, "fair_value": 2.291974, "relative_strength": -23.683112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.498165, "energy": 15.271134, "activity_lines": [ 1.333733, 1.305964, 1.330095, 1.362529 ] }, { "date": "2025-02-07", "close": 1.596, "volume": 676611, "typical_volume": 466013.95, "trend": 1.421467, "fair_value": 2.268199, "relative_strength": -13.276103, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.851667, "energy": 28.396036, "activity_lines": [ 1.427867, 1.357673, 1.35241, 1.373114 ] }, { "date": "2025-02-14", "close": 1.46, "volume": 937455, "typical_volume": 473941.2, "trend": 1.410533, "fair_value": 2.24716, "relative_strength": -21.541908, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.624506, "energy": 25.621219, "activity_lines": [ 1.4528, 1.382364, 1.36021, 1.3756 ] }, { "date": "2025-02-21", "close": 1.746, "volume": 893192, "typical_volume": 497437.95, "trend": 1.410933, "fair_value": 2.231263, "relative_strength": -4.944016, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.840234, "energy": 61.021299, "activity_lines": [ 1.564667, 1.457418, 1.395914, 1.397243 ] }, { "date": "2025-02-28", "close": 1.836, "volume": 1245457, "typical_volume": 549657.45, "trend": 1.4194, "fair_value": 2.219878, "relative_strength": 1.207464, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 83.604655, "energy": 84.081306, "activity_lines": [ 1.6768, 1.540545, 1.439095, 1.424667 ] }, { "date": "2025-03-07", "close": 2.46, "volume": 3786919, "typical_volume": 729560.3, "trend": 1.4516, "fair_value": 2.211224, "relative_strength": 35.390898, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.283081, "energy": 96.494033, "activity_lines": [ 1.959867, 1.725345, 1.53999, 1.491802 ] }, { "date": "2025-03-14", "close": 2.535, "volume": 1470860, "typical_volume": 775852.6, "trend": 1.4867, "fair_value": 2.200962, "relative_strength": 40.692593, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.42391, "energy": 97.530889, "activity_lines": [ 2.198333, 1.901418, 1.643333, 1.561699 ] }, { "date": "2025-03-21", "close": 2.58, "volume": 1009974, "typical_volume": 749657.4, "trend": 1.523233, "fair_value": 2.1915, "relative_strength": 42.733942, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.890354, "energy": 95.113108, "activity_lines": [ 2.3892, 2.062091, 1.745481, 1.632234 ] }, { "date": "2025-03-28", "close": 2.38, "volume": 1192481, "typical_volume": 785796.35, "trend": 1.5539, "fair_value": 2.180564, "relative_strength": 33.951204, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.331866, "energy": 88.367412, "activity_lines": [ 2.438733, 2.163745, 1.823019, 1.68751 ] }, { "date": "2025-04-04", "close": 2.1, "volume": 1102574, "typical_volume": 822502.85, "trend": 1.576233, "fair_value": 2.169923, "relative_strength": 28.612446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.775047, "energy": 64.864248, "activity_lines": [ 2.352667, 2.194855, 1.869005, 1.722742 ] }, { "date": "2025-04-11", "close": 2.125, "volume": 848717, "typical_volume": 839812.25, "trend": 1.601733, "fair_value": 2.160212, "relative_strength": 33.237525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.075473, "energy": 52.238308, "activity_lines": [ 2.257333, 2.2156, 1.913648, 1.758146 ] }, { "date": "2025-04-18", "close": 2.27, "volume": 281392, "typical_volume": 832657.2, "trend": 1.635133, "fair_value": 2.151686, "relative_strength": 38.837271, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.567118, "energy": 39.133461, "activity_lines": [ 2.232667, 2.249818, 1.968248, 1.80126 ] }, { "date": "2025-04-25", "close": 2.35, "volume": 299073, "typical_volume": 826377.8, "trend": 1.660133, "fair_value": 2.145083, "relative_strength": 38.833835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.988656, "energy": 36.365662, "activity_lines": [ 2.252333, 2.286327, 2.026657, 1.847381 ] }, { "date": "2025-05-02", "close": 2.61, "volume": 724113, "typical_volume": 842860.3, "trend": 1.6966, "fair_value": 2.141301, "relative_strength": 49.116668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.578611, "energy": 50.257674, "activity_lines": [ 2.374, 2.353927, 2.105162, 1.908662 ] }, { "date": "2025-05-09", "close": 2.585, "volume": 461244, "typical_volume": 840674.75, "trend": 1.733567, "fair_value": 2.138692, "relative_strength": 47.762711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.891399, "energy": 54.570459, "activity_lines": [ 2.472, 2.401273, 2.175, 1.965978 ] }, { "date": "2025-05-16", "close": 2.84, "volume": 1380414, "typical_volume": 900385.65, "trend": 1.7791, "fair_value": 2.136487, "relative_strength": 58.314059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.882516, "energy": 74.024076, "activity_lines": [ 2.622667, 2.481364, 2.262471, 2.037361 ] }, { "date": "2025-05-23", "close": 2.82, "volume": 771317, "typical_volume": 929648.45, "trend": 1.826967, "fair_value": 2.134244, "relative_strength": 59.079114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.854395, "energy": 78.046183, "activity_lines": [ 2.719, 2.550909, 2.340371, 2.104516 ] }, { "date": "2025-05-30", "close": 2.855, "volume": 385297, "typical_volume": 925413.3, "trend": 1.875067, "fair_value": 2.130596, "relative_strength": 59.403742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.505119, "energy": 77.968259, "activity_lines": [ 2.790333, 2.621636, 2.414071, 2.170841 ] }, { "date": "2025-06-06", "close": 3.115, "volume": 831670, "typical_volume": 949024.95, "trend": 1.933767, "fair_value": 2.129244, "relative_strength": 70.840833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.041859, "energy": 89.208689, "activity_lines": [ 2.914667, 2.734636, 2.50529, 2.250837 ] }, { "date": "2025-06-13", "close": 2.975, "volume": 701649, "typical_volume": 972523.2, "trend": 1.989, "fair_value": 2.128506, "relative_strength": 63.904127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.738276, "energy": 76.727318, "activity_lines": [ 2.958667, 2.808818, 2.574533, 2.318013 ] }, { "date": "2025-06-20", "close": 2.985, "volume": 335200, "typical_volume": 966780.45, "trend": 2.044633, "fair_value": 2.124846, "relative_strength": 64.504885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.533671, "energy": 69.172846, "activity_lines": [ 2.98, 2.868909, 2.636657, 2.382271 ] }, { "date": "2025-06-27", "close": 2.59, "volume": 1439090, "typical_volume": 1004904.4, "trend": 2.081967, "fair_value": 2.118744, "relative_strength": 39.634209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.212988, "energy": 49.772437, "activity_lines": [ 2.86, 2.841545, 2.65369, 2.417456 ] }, { "date": "2025-07-04", "close": 2.4, "volume": 531452, "typical_volume": 984604.25, "trend": 2.1163, "fair_value": 2.111192, "relative_strength": 28.704932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.04673, "energy": 26.941621, "activity_lines": [ 2.692, 2.773818, 2.647895, 2.437974 ] }, { "date": "2025-07-11", "close": 2.24, "volume": 854999, "typical_volume": 982694.6, "trend": 2.147967, "fair_value": 2.101769, "relative_strength": 17.720829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.121153, "energy": 21.203851, "activity_lines": [ 2.501, 2.676091, 2.622386, 2.445955 ] }, { "date": "2025-07-18", "close": 2.375, "volume": 454655, "typical_volume": 943154.5, "trend": 2.187533, "fair_value": 2.091865, "relative_strength": 24.269338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.955979, "energy": 27.389404, "activity_lines": [ 2.413333, 2.609636, 2.607381, 2.460602 ] }, { "date": "2025-07-25", "close": 2.525, "volume": 465422, "typical_volume": 777079.65, "trend": 2.2307, "fair_value": 2.083526, "relative_strength": 30.972405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.068788, "energy": 22.710612, "activity_lines": [ 2.415667, 2.574273, 2.604095, 2.482374 ] }, { "date": "2025-08-01", "close": 2.135, "volume": 1286665, "typical_volume": 767869.9, "trend": 2.2606, "fair_value": 2.073878, "relative_strength": 14.396609, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.372546, "energy": 26.963958, "activity_lines": [ 2.318667, 2.473727, 2.563357, 2.4762 ] }, { "date": "2025-08-08", "close": 2.025, "volume": 710168, "typical_volume": 752879.6, "trend": 2.283633, "fair_value": 2.061667, "relative_strength": 5.285735, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.445695, "energy": 41.505528, "activity_lines": [ 2.215333, 2.365636, 2.514048, 2.461 ] }, { "date": "2025-08-15", "close": 1.844, "volume": 665868, "typical_volume": 726548.95, "trend": 2.301767, "fair_value": 2.050321, "relative_strength": -6.552944, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.403175, "energy": 60.354182, "activity_lines": [ 2.076667, 2.239727, 2.450143, 2.432637 ] }, { "date": "2025-08-22", "close": 1.874, "volume": 313173, "typical_volume": 687078.9, "trend": 2.321567, "fair_value": 2.041077, "relative_strength": -5.869203, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.454038, "energy": 69.002156, "activity_lines": [ 1.9744, 2.142382, 2.391648, 2.405039 ] }, { "date": "2025-08-29", "close": 1.7, "volume": 572229, "typical_volume": 673254.5, "trend": 2.331033, "fair_value": 2.031846, "relative_strength": -11.862246, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.822729, "energy": 74.400839, "activity_lines": [ 1.847533, 2.033418, 2.317657, 2.364938 ] }, { "date": "2025-09-05", "close": 1.604, "volume": 297549, "typical_volume": 674062.35, "trend": 2.3313, "fair_value": 2.021103, "relative_strength": -16.616767, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.104619, "energy": 88.799, "activity_lines": [ 1.743667, 1.930364, 2.236548, 2.318032 ] }, { "date": "2025-09-12", "close": 1.702, "volume": 401508, "typical_volume": 679184.1, "trend": 2.339367, "fair_value": 2.012128, "relative_strength": -13.458042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.875613, "energy": 85.483305, "activity_lines": [ 1.707867, 1.863055, 2.167943, 2.277432 ] }, { "date": "2025-09-19", "close": 1.676, "volume": 271294, "typical_volume": 656543.15, "trend": 2.337033, "fair_value": 2.005564, "relative_strength": -15.374839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.847573, "energy": 82.983585, "activity_lines": [ 1.684933, 1.803709, 2.099948, 2.234634 ] }, { "date": "2025-09-26", "close": 1.678, "volume": 403991, "typical_volume": 653680.5, "trend": 2.331767, "fair_value": 1.999077, "relative_strength": -15.508421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.65306, "energy": 82.039853, "activity_lines": [ 1.673867, 1.754982, 2.03659, 2.192116 ] }, { "date": "2025-10-03", "close": 1.838, "volume": 630406, "typical_volume": 616180.1, "trend": 2.311033, "fair_value": 1.993167, "relative_strength": -10.047768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.069585, "energy": 56.772247, "activity_lines": [ 1.7292, 1.748018, 1.99279, 2.16026 ] }, { "date": "2025-10-10", "close": 1.846, "volume": 580795, "typical_volume": 606654.0, "trend": 2.288067, "fair_value": 1.98859, "relative_strength": -8.058539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.186676, "energy": 45.856393, "activity_lines": [ 1.778, 1.755, 1.954524, 2.130258 ] }, { "date": "2025-10-17", "close": 1.892, "volume": 1473265, "typical_volume": 661052.4, "trend": 2.265133, "fair_value": 1.985205, "relative_strength": -8.982193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.458234, "energy": 34.676497, "activity_lines": [ 1.826, 1.7756, 1.925276, 2.104705 ] }, { "date": "2025-10-24", "close": 1.828, "volume": 453434, "typical_volume": 642140.6, "trend": 2.246733, "fair_value": 1.981846, "relative_strength": -12.858874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.051763, "energy": 27.685603, "activity_lines": [ 1.84, 1.786982, 1.894519, 2.076503 ] }, { "date": "2025-10-31", "close": 1.69, "volume": 1007617, "typical_volume": 657439.0, "trend": 2.233067, "fair_value": 1.978013, "relative_strength": -18.507795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.489063, "energy": 35.344297, "activity_lines": [ 1.797867, 1.773564, 1.856748, 2.040585 ] }, { "date": "2025-11-07", "close": 1.55, "volume": 458433, "typical_volume": 663600.65, "trend": 2.2139, "fair_value": 1.971718, "relative_strength": -23.712163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.630502, "energy": 50.133336, "activity_lines": [ 1.708267, 1.738036, 1.811762, 1.996516 ] }, { "date": "2025-11-14", "close": 1.434, "volume": 677085, "typical_volume": 625500.4, "trend": 2.186033, "fair_value": 1.965962, "relative_strength": -31.291264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.104286, "energy": 69.637638, "activity_lines": [ 1.5992, 1.684145, 1.762562, 1.9462 ] }, { "date": "2025-11-21", "close": 1.376, "volume": 470313, "typical_volume": 622443.45, "trend": 2.153567, "fair_value": 1.9575, "relative_strength": -32.476347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.762694, "energy": 82.881605, "activity_lines": [ 1.498267, 1.6228, 1.713343, 1.89394 ] }, { "date": "2025-11-28", "close": 1.37, "volume": 357447, "typical_volume": 597565.85, "trend": 2.112233, "fair_value": 1.949295, "relative_strength": -33.757791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.604707, "energy": 85.102044, "activity_lines": [ 1.429733, 1.566291, 1.668429, 1.843387 ] }, { "date": "2025-12-05", "close": 1.444, "volume": 383848, "typical_volume": 594025.5, "trend": 2.0742, "fair_value": 1.940513, "relative_strength": -30.076753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.942178, "energy": 77.646859, "activity_lines": [ 1.4164, 1.5288, 1.634705, 1.800275 ] }, { "date": "2025-12-12", "close": 1.3, "volume": 472062, "typical_volume": 594357.5, "trend": 2.022867, "fair_value": 1.931667, "relative_strength": -36.627721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.437899, "energy": 74.064944, "activity_lines": [ 1.371467, 1.469382, 1.5917, 1.750327 ] }, { "date": "2025-12-19", "close": 1.226, "volume": 389433, "typical_volume": 549495.9, "trend": 1.969733, "fair_value": 1.923167, "relative_strength": -40.784041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.914009, "energy": 67.264791, "activity_lines": [ 1.318533, 1.406291, 1.547481, 1.698916 ] }, { "date": "2025-12-26", "close": 1.262, "volume": 477865, "typical_volume": 537880.75, "trend": 1.916633, "fair_value": 1.913641, "relative_strength": -38.632296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.078195, "energy": 60.737605, "activity_lines": [ 1.291467, 1.361018, 1.511019, 1.653256 ] }, { "date": "2026-01-02", "close": 1.37, "volume": 368694, "typical_volume": 523022.05, "trend": 1.858467, "fair_value": 1.904026, "relative_strength": -34.111267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.622741, "energy": 56.906095, "activity_lines": [ 1.308, 1.346836, 1.488476, 1.617989 ] }, { "date": "2026-01-09", "close": 1.426, "volume": 805767, "typical_volume": 547651.75, "trend": 1.806833, "fair_value": 1.894756, "relative_strength": -32.740868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.146151, "energy": 47.274694, "activity_lines": [ 1.3432, 1.351164, 1.473524, 1.590088 ] }, { "date": "2026-01-16", "close": 1.426, "volume": 506707, "typical_volume": 544375.65, "trend": 1.754867, "fair_value": 1.886705, "relative_strength": -31.92172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.431245, "energy": 35.804081, "activity_lines": [ 1.3796, 1.360291, 1.460705, 1.565518 ] }, { "date": "2026-01-23", "close": 1.33, "volume": 673254, "typical_volume": 563160.9, "trend": 1.712867, "fair_value": 1.878346, "relative_strength": -35.6103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.21835, "energy": 31.046364, "activity_lines": [ 1.3756, 1.354218, 1.440048, 1.538108 ] }, { "date": "2026-01-30", "close": 1.258, "volume": 600697, "typical_volume": 573120.35, "trend": 1.6748, "fair_value": 1.869551, "relative_strength": -38.864219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.486759, "energy": 37.81292, "activity_lines": [ 1.340667, 1.336945, 1.413838, 1.508761 ] }, { "date": "2026-02-06", "close": 1.14, "volume": 579560, "typical_volume": 588533.65, "trend": 1.638133, "fair_value": 1.86209, "relative_strength": -45.326046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.12977, "energy": 58.178172, "activity_lines": [ 1.266667, 1.300364, 1.378505, 1.474258 ] }, { "date": "2026-02-13", "close": 0.812, "volume": 2535323, "typical_volume": 695100.25, "trend": 1.586033, "fair_value": 1.853192, "relative_strength": -60.9938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.771831, "energy": 90.328772, "activity_lines": [ 1.098667, 1.208327, 1.314486, 1.420959 ] }, { "date": "2026-02-20", "close": 0.733, "volume": 1600878, "typical_volume": 743623.85, "trend": 1.5263, "fair_value": 1.844365, "relative_strength": -65.290002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.231742, "energy": 95.802708, "activity_lines": [ 0.945267, 1.113418, 1.247067, 1.365925 ] }, { "date": "2026-02-27", "close": 0.76, "volume": 1913754, "typical_volume": 810271.8, "trend": 1.480467, "fair_value": 1.836096, "relative_strength": -63.899487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.376856, "energy": 92.841552, "activity_lines": [ 0.847067, 1.033727, 1.187481, 1.316486 ] }, { "date": "2026-03-06", "close": 0.7, "volume": 864284, "typical_volume": 779822.75, "trend": 1.4363, "fair_value": 1.827955, "relative_strength": -63.693854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.24269, "energy": 92.311321, "activity_lines": [ 0.766867, 0.9516, 1.127352, 1.266133 ] }, { "date": "2026-03-13", "close": 0.687, "volume": 512774, "typical_volume": 782789.75, "trend": 1.397733, "fair_value": 1.819994, "relative_strength": -63.329679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.691949, "energy": 90.389714, "activity_lines": [ 0.719533, 0.877327, 1.071662, 1.217791 ] }, { "date": "2026-03-20", "close": 0.666, "volume": 686758, "typical_volume": 766746.8, "trend": 1.357467, "fair_value": 1.812186, "relative_strength": -62.599781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.979373, "energy": 85.844785, "activity_lines": [ 0.6954, 0.811655, 1.019405, 1.170583 ] }, { "date": "2026-03-27", "close": 0.7, "volume": 722860, "typical_volume": 779968.15, "trend": 1.324133, "fair_value": 1.803276, "relative_strength": -60.184474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.701653, "energy": 70.520142, "activity_lines": [ 0.692333, 0.765982, 0.975262, 1.128166 ] }, { "date": "2026-04-03", "close": 0.683, "volume": 266776, "typical_volume": 759452.7, "trend": 1.293433, "fair_value": 1.794705, "relative_strength": -61.768653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.614155, "energy": 65.786469, "activity_lines": [ 0.6858, 0.730418, 0.933548, 1.086802 ] }, { "date": "2026-04-10", "close": 0.72, "volume": 444254, "typical_volume": 758149.75, "trend": 1.2607, "fair_value": 1.786744, "relative_strength": -60.429004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.108813, "energy": 63.490045, "activity_lines": [ 0.696733, 0.713345, 0.898933, 1.049806 ] }, { "date": "2026-04-17", "close": 0.86, "volume": 823845, "typical_volume": 781469.65, "trend": 1.2335, "fair_value": 1.780167, "relative_strength": -52.800103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.542627, "energy": 51.491677, "activity_lines": [ 0.753, 0.731509, 0.880776, 1.023955 ] }, { "date": "2026-04-24", "close": 0.885, "volume": 1038182, "typical_volume": 814186.35, "trend": 1.207067, "fair_value": 1.772987, "relative_strength": -48.91269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.439735, "energy": 38.313546, "activity_lines": [ 0.806067, 0.759309, 0.867429, 1.001471 ] }, { "date": "2026-05-01", "close": 0.79, "volume": 542546, "typical_volume": 817710.55, "trend": 1.172133, "fair_value": 1.764718, "relative_strength": -53.142902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.71732, "energy": 29.634696, "activity_lines": [ 0.812867, 0.768509, 0.847695, 0.974563 ] }, { "date": "2026-05-08", "close": 0.86, "volume": 436301, "typical_volume": 820053.95, "trend": 1.139267, "fair_value": 1.757474, "relative_strength": -47.877678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.040922, "energy": 26.888909, "activity_lines": [ 0.837, 0.7894, 0.837057, 0.954426 ] }, { "date": "2026-05-15", "close": 0.86, "volume": 249055, "typical_volume": 808613.45, "trend": 1.104867, "fair_value": 1.750423, "relative_strength": -45.531229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.831826, "energy": 24.715897, "activity_lines": [ 0.849333, 0.808473, 0.828162, 0.936409 ] }, { "date": "2026-05-22", "close": 0.825, "volume": 556676, "typical_volume": 818012.55, "trend": 1.071433, "fair_value": 1.743417, "relative_strength": -47.460549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.361159, "energy": 19.813343, "activity_lines": [ 0.840667, 0.818273, 0.817848, 0.918353 ] }, { "date": "2026-05-29", "close": 0.82, "volume": 357559, "typical_volume": 795602.15, "trend": 1.042433, "fair_value": 1.736814, "relative_strength": -46.792482, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.963724, "energy": 19.103195, "activity_lines": [ 0.832667, 0.824655, 0.809652, 0.902131 ] }, { "date": "2026-06-05", "close": 0.758, "volume": 53230, "typical_volume": 772928.3, "trend": 1.016033, "fair_value": 1.729788, "relative_strength": -49.439992, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.88025, "energy": 32.240102, "activity_lines": [ 0.808333, 0.816964, 0.798438, 0.883781 ] }, { "date": "2026-06-12", "close": 0.725, "volume": 52446, "typical_volume": 741887.9, "trend": 0.9924, "fair_value": 1.723321, "relative_strength": -50.853276, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.300515, "energy": 40.513814, "activity_lines": [ 0.775133, 0.802218, 0.787262, 0.865004 ] }, { "date": "2026-06-19", "close": 0.7, "volume": 26729, "typical_volume": 713189.5, "trend": 0.969867, "fair_value": 1.71691, "relative_strength": -51.299488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.805892, "energy": 53.879277, "activity_lines": [ 0.7426, 0.782164, 0.776586, 0.84614 ] }, { "date": "2026-06-26", "close": 0.675, "volume": 46792, "typical_volume": 686551.1, "trend": 0.9467, "fair_value": 1.710417, "relative_strength": -51.433583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.164088, "energy": 67.771462, "activity_lines": [ 0.7124, 0.757927, 0.766186, 0.827116 ] }, { "date": "2026-07-03", "close": 0.658, "volume": 34060, "typical_volume": 561487.95, "trend": 0.9205, "fair_value": 1.703647, "relative_strength": -52.0374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.713262, "energy": 72.490023, "activity_lines": [ 0.686533, 0.733964, 0.756381, 0.80849 ] }, { "date": "2026-07-10", "close": 0.679, "volume": 104008, "typical_volume": 486644.45, "trend": 0.8998, "fair_value": 1.696718, "relative_strength": -48.239525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.346214, "energy": 68.46067, "activity_lines": [ 0.678467, 0.717945, 0.74931, 0.79291 ] }, { "date": "2026-07-17", "close": 0.66, "volume": 116605, "typical_volume": 396787.0, "trend": 0.880933, "fair_value": 1.689897, "relative_strength": -48.267441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.026398, "energy": 68.013158, "activity_lines": [ 0.669333, 0.700491, 0.740686, 0.777439 ] }, { "date": "2026-07-24", "close": 0.648, "volume": 208170, "typical_volume": 363981.3, "trend": 0.860467, "fair_value": 1.68391, "relative_strength": -47.804418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.862136, "energy": 66.433895, "activity_lines": [ 0.660533, 0.684491, 0.731395, 0.762411 ] }, { "date": "2026-07-31", "close": 0.62, "volume": 526149, "typical_volume": 364650.05, "trend": 0.835467, "fair_value": 1.676782, "relative_strength": -49.489845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.00996, "energy": 67.605014, "activity_lines": [ 0.645867, 0.667255, 0.719686, 0.746897 ] }, { "date": "2026-08-07", "close": 0.618, "volume": 410875, "typical_volume": 350855.9, "trend": 0.808533, "fair_value": 1.669154, "relative_strength": -49.556876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.79056, "energy": 71.421342, "activity_lines": [ 0.6342, 0.653382, 0.708105, 0.732867 ] } ], "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." } } }