{ "ticker": { "uuid": "7373fda0-ae5d-48c0-b094-a16e8661a4fd", "symbol": "VYX", "name": "NCR Voyix Corporation", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 78.697, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 25.694, "architecture_energy": 17.407, "architecture_maturity": 24.178, "architecture_confidence": 42.857, "architecture_tenure": "Developing", "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": 44.15, "rotation_up": 43.39, "upward_expansion": 47.68, "deceleration": 42.84, "rotation_down": 27.04, "downward_expansion": 8.35 }, "activity_lines": [ 8.121333, 8.081091, 7.735571, 7.634258 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 8.25, "trend_reference": 7.882, "distance_from_trend": 0.046689, "trend_direction": "Weakening", "fair_value": 12.092624, "distance_from_fair_value": -0.317766, "fair_value_direction": "Improving", "relative_strength": -22.593559, "relative_strength_direction": "Improving", "price_momentum": -0.162437, "excess_performance": -0.288061, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046689, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.09298, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.317766, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.028337, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.225936, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.077046, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.162437, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.834666, "read": "Supply-led" } ], "volume": { "latest": 12956054, "relative_activity": 1.164692, "balance": 0.834666, "dry_up": 0.865767, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.137146, "annualized_volatility": 0.675742, "from_high_reference": -0.402823, "from_low_reference": 0.370432 }, "levels": { "trend_reference": 7.882, "fair_value_reference": 12.092624, "structural_low": 6.02, "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": 22, "median_return": -0.016661, "positive_rate": 0.454545, "directional_follow_through": 0.454545, "median_excess_return": -0.020166, "regime_survival": 0.681818, "best_return": 0.156343, "worst_return": -0.221053, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.007689, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.066942, "regime_survival": 0.333333, "best_return": 0.235245, "worst_return": -0.365311, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.026543, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.07535, "regime_survival": 0.166667, "best_return": 0.17079, "worst_return": -0.520208, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.164771, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.378463, "regime_survival": 0.25, "best_return": 0.177416, "worst_return": -0.555989, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-08-16", "tenure": "New", "return": 0.158559, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-11-22", "tenure": "Established", "return": 0.096823, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-03", "tenure": "Developing", "return": -0.063405, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": -0.031466, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.035801, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-06-06", "tenure": "Established", "return": -0.076485, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.243945, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": 0.060278, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": -0.028832, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.041096, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": -0.1065, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.073327, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-06-26", "tenure": "Extended", "return": -0.199597, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.051724, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18.306748, "volume": 4896240, "typical_volume": 6137726.85, "trend": 15.337423, "fair_value": 20.044203, "relative_strength": 13.248735, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.990728, "energy": 92.953083, "activity_lines": [ 17.656442, 16.902956, 16.05019, 15.586041 ] }, { "date": "2023-08-25", "close": 18.233129, "volume": 4618322, "typical_volume": 6191714.6, "trend": 15.391616, "fair_value": 20.078103, "relative_strength": 12.334995, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.340345, "energy": 90.417104, "activity_lines": [ 17.972188, 17.245064, 16.324481, 15.772861 ] }, { "date": "2023-09-01", "close": 18.834356, "volume": 4752554, "typical_volume": 6190034.7, "trend": 15.438855, "fair_value": 20.11916, "relative_strength": 13.556719, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.903814, "energy": 92.323944, "activity_lines": [ 18.36319, 17.645176, 16.635203, 15.994973 ] }, { "date": "2023-09-08", "close": 16.791411, "volume": 5313207, "typical_volume": 6177007.2, "trend": 15.457464, "fair_value": 20.146453, "relative_strength": 3.153969, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.770554, "energy": 60.496459, "activity_lines": [ 17.905521, 17.603235, 16.727929, 16.082235 ] }, { "date": "2023-09-15", "close": 16.466258, "volume": 6423355, "typical_volume": 6059121.85, "trend": 15.458078, "fair_value": 20.17347, "relative_strength": 1.304656, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.268212, "energy": 42.079928, "activity_lines": [ 17.384867, 17.47797, 16.774613, 16.147318 ] }, { "date": "2023-09-22", "close": 16.576687, "volume": 3836860, "typical_volume": 5525630.05, "trend": 15.485276, "fair_value": 20.20328, "relative_strength": 4.876602, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.268953, "energy": 25.530975, "activity_lines": [ 17.001636, 17.35237, 16.818522, 16.219487 ] }, { "date": "2023-09-29", "close": 16.546012, "volume": 6010301, "typical_volume": 5297068.75, "trend": 15.509611, "fair_value": 20.221842, "relative_strength": 5.097855, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.023735, "energy": 30.623574, "activity_lines": [ 16.723517, 17.209258, 16.847122, 16.287921 ] }, { "date": "2023-10-06", "close": 16.122699, "volume": 4983067, "typical_volume": 5196586.15, "trend": 15.584867, "fair_value": 20.231556, "relative_strength": 1.687233, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.213383, "energy": 24.923417, "activity_lines": [ 16.416769, 16.985722, 16.824744, 16.327475 ] }, { "date": "2023-10-13", "close": 16.092025, "volume": 14829691, "typical_volume": 5644482.1, "trend": 15.686912, "fair_value": 20.246067, "relative_strength": 0.780271, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.908251, "energy": 16.727785, "activity_lines": [ 16.280573, 16.760178, 16.793222, 16.360195 ] }, { "date": "2023-10-20", "close": 15.56, "volume": 15911753, "typical_volume": 6220602.75, "trend": 15.758544, "fair_value": 20.25827, "relative_strength": -0.410693, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.443727, "energy": 18.840545, "activity_lines": [ 16.013661, 16.463001, 16.704692, 16.352007 ] }, { "date": "2023-10-27", "close": 14.85, "volume": 12028680, "typical_volume": 6611686.95, "trend": 15.771131, "fair_value": 20.27355, "relative_strength": -2.634971, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.260437, "energy": 33.968667, "activity_lines": [ 15.570499, 16.080649, 16.546781, 16.293392 ] }, { "date": "2023-11-03", "close": 16.74, "volume": 9063420, "typical_volume": 6779077.55, "trend": 15.867168, "fair_value": 20.29776, "relative_strength": 3.416584, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.884765, "energy": 17.425407, "activity_lines": [ 15.87245, 16.104784, 16.571601, 16.355899 ] }, { "date": "2023-11-10", "close": 15.92, "volume": 6451395, "typical_volume": 6913379.45, "trend": 15.934031, "fair_value": 20.307748, "relative_strength": -2.973221, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.322987, "energy": 17.536393, "activity_lines": [ 15.888135, 16.006976, 16.511996, 16.359308 ] }, { "date": "2023-11-17", "close": 15.76, "volume": 8231945, "typical_volume": 7120564.95, "trend": 16.005172, "fair_value": 20.306563, "relative_strength": -6.138432, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.858232, "energy": 14.48162, "activity_lines": [ 15.864, 15.933065, 16.43254, 16.34808 ] }, { "date": "2023-11-24", "close": 16.19, "volume": 5581306, "typical_volume": 7140501.35, "trend": 16.08901, "fair_value": 20.297753, "relative_strength": -4.493991, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.736187, "energy": 4.842759, "activity_lines": [ 16.005333, 15.956089, 16.392607, 16.360004 ] }, { "date": "2023-12-01", "close": 16.14, "volume": 9863995, "typical_volume": 7336372.0, "trend": 16.161161, "fair_value": 20.263925, "relative_strength": -5.524881, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.965282, "energy": 5.441668, "activity_lines": [ 16.088, 15.975045, 16.343882, 16.363294 ] }, { "date": "2023-12-08", "close": 15.37, "volume": 7984480, "typical_volume": 7453038.95, "trend": 16.196603, "fair_value": 20.230667, "relative_strength": -10.093571, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.315855, "energy": 15.915761, "activity_lines": [ 15.828, 15.861941, 16.220777, 16.312251 ] }, { "date": "2023-12-15", "close": 15.5, "volume": 10582384, "typical_volume": 7725998.6, "trend": 16.219405, "fair_value": 20.195685, "relative_strength": -11.224498, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.48415, "energy": 16.430231, "activity_lines": [ 15.702667, 15.793855, 16.114748, 16.267309 ] }, { "date": "2023-12-22", "close": 16.62, "volume": 11419750, "typical_volume": 7923677.6, "trend": 16.28138, "fair_value": 20.158445, "relative_strength": -5.546932, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.12415, "energy": 4.891321, "activity_lines": [ 15.978667, 15.940727, 16.119285, 16.293154 ] }, { "date": "2023-12-29", "close": 16.91, "volume": 31217103, "typical_volume": 9199990.4, "trend": 16.338708, "fair_value": 20.119092, "relative_strength": -4.107753, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.783893, "energy": 8.077127, "activity_lines": [ 16.294, 16.130727, 16.1555, 16.33371 ] }, { "date": "2024-01-05", "close": 16.58, "volume": 9081538, "typical_volume": 9409255.3, "trend": 16.377264, "fair_value": 20.079236, "relative_strength": -4.308396, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.381644, "energy": 9.847274, "activity_lines": [ 16.451333, 16.236182, 16.165361, 16.349278 ] }, { "date": "2024-01-12", "close": 15.08, "volume": 7287273, "typical_volume": 9542702.85, "trend": 16.366229, "fair_value": 20.042546, "relative_strength": -14.190973, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.571962, "energy": 19.515597, "activity_lines": [ 16.079333, 16.037455, 16.040586, 16.265583 ] }, { "date": "2024-01-19", "close": 14.75, "volume": 7524605, "typical_volume": 9681305.4, "trend": 16.359532, "fair_value": 20.005628, "relative_strength": -16.598293, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.014147, "energy": 36.135467, "activity_lines": [ 15.616667, 15.808909, 15.899398, 16.16131 ] }, { "date": "2024-01-26", "close": 15.55, "volume": 6692423, "typical_volume": 9750266.2, "trend": 16.362528, "fair_value": 19.974114, "relative_strength": -12.529892, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.508194, "energy": 42.699828, "activity_lines": [ 15.470667, 15.747091, 15.85385, 16.109082 ] }, { "date": "2024-02-02", "close": 15.1, "volume": 5502099, "typical_volume": 9704203.4, "trend": 16.354409, "fair_value": 19.9254, "relative_strength": -15.705143, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.052761, "energy": 54.4644, "activity_lines": [ 15.246, 15.607273, 15.771357, 16.027629 ] }, { "date": "2024-02-09", "close": 15.47, "volume": 6564661, "typical_volume": 9840593.45, "trend": 16.339401, "fair_value": 19.887198, "relative_strength": -14.387112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.15988, "energy": 51.047995, "activity_lines": [ 15.265333, 15.554545, 15.730607, 15.97057 ] }, { "date": "2024-02-16", "close": 15.24, "volume": 12703881, "typical_volume": 10175272.45, "trend": 16.302207, "fair_value": 19.848663, "relative_strength": -14.898205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.426805, "energy": 37.113344, "activity_lines": [ 15.282, 15.472182, 15.673223, 15.899641 ] }, { "date": "2024-02-23", "close": 15.04, "volume": 8159878, "typical_volume": 10334113.0, "trend": 16.259573, "fair_value": 19.808373, "relative_strength": -16.914903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.493212, "energy": 33.566937, "activity_lines": [ 15.221333, 15.355818, 15.60301, 15.818209 ] }, { "date": "2024-03-01", "close": 11.47, "volume": 23865314, "typical_volume": 10785894.15, "trend": 16.059493, "fair_value": 19.742014, "relative_strength": -36.660954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.684953, "energy": 74.006557, "activity_lines": [ 13.951333, 14.598727, 15.197952, 15.509204 ] }, { "date": "2024-03-08", "close": 12.2, "volume": 20265778, "typical_volume": 11003595.4, "trend": 15.866977, "fair_value": 19.674906, "relative_strength": -32.013103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.107415, "energy": 81.770758, "activity_lines": [ 13.196667, 14.068, 14.884429, 15.260204 ] }, { "date": "2024-03-15", "close": 12.34, "volume": 19776309, "typical_volume": 11390976.85, "trend": 15.668086, "fair_value": 19.608815, "relative_strength": -30.826607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.860757, "energy": 83.986284, "activity_lines": [ 12.682, 13.648364, 14.600238, 15.032657 ] }, { "date": "2024-03-22", "close": 13.08, "volume": 14384826, "typical_volume": 11657047.15, "trend": 15.496315, "fair_value": 19.543849, "relative_strength": -27.911431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.377782, "energy": 80.530739, "activity_lines": [ 12.622667, 13.440364, 14.398476, 14.865684 ] }, { "date": "2024-03-29", "close": 12.63, "volume": 9245573, "typical_volume": 11796756.05, "trend": 15.289503, "fair_value": 19.475604, "relative_strength": -30.187065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.372377, "energy": 69.148371, "activity_lines": [ 12.557333, 13.186909, 14.171286, 14.680761 ] }, { "date": "2024-04-05", "close": 12.26, "volume": 11534917, "typical_volume": 11961904.65, "trend": 15.138456, "fair_value": 19.398303, "relative_strength": -31.215966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.271626, "energy": 54.129373, "activity_lines": [ 12.529333, 12.904727, 13.924524, 14.485309 ] }, { "date": "2024-04-12", "close": 12.02, "volume": 9831416, "typical_volume": 12174410.15, "trend": 14.990247, "fair_value": 19.3173, "relative_strength": -31.149898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.347926, "energy": 53.244667, "activity_lines": [ 12.368667, 12.638727, 13.671571, 14.284118 ] }, { "date": "2024-04-19", "close": 11.94, "volume": 10032592, "typical_volume": 12182840.0, "trend": 14.835691, "fair_value": 19.229178, "relative_strength": -29.064836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.327747, "energy": 54.318105, "activity_lines": [ 12.193333, 12.414182, 13.430857, 14.087328 ] }, { "date": "2024-04-26", "close": 12.13, "volume": 11712216, "typical_volume": 12369226.8, "trend": 14.688491, "fair_value": 19.127014, "relative_strength": -29.414455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.780694, "energy": 51.780169, "activity_lines": [ 12.108, 12.288364, 13.228238, 13.912767 ] }, { "date": "2024-05-03", "close": 12.31, "volume": 12978848, "typical_volume": 12489050.0, "trend": 14.561401, "fair_value": 19.017825, "relative_strength": -28.372471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.769812, "energy": 49.022831, "activity_lines": [ 12.146, 12.251818, 13.05819, 13.759316 ] }, { "date": "2024-05-10", "close": 12.47, "volume": 15920041, "typical_volume": 12714064.55, "trend": 14.440667, "fair_value": 18.907773, "relative_strength": -28.307432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.927613, "energy": 42.105754, "activity_lines": [ 12.258667, 12.294, 12.918571, 13.624387 ] }, { "date": "2024-05-17", "close": 13.47, "volume": 15242925, "typical_volume": 11915355.65, "trend": 14.371, "fair_value": 18.800671, "relative_strength": -23.355657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.794237, "energy": 25.296633, "activity_lines": [ 12.690667, 12.499818, 12.893952, 13.561763 ] }, { "date": "2024-05-24", "close": 13.45, "volume": 7983953, "typical_volume": 11860476.4, "trend": 14.324333, "fair_value": 18.697334, "relative_strength": -23.010801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.840117, "energy": 21.251699, "activity_lines": [ 13.019333, 12.678909, 12.88381, 13.502344 ] }, { "date": "2024-05-31", "close": 13.18, "volume": 7569013, "typical_volume": 11874563.4, "trend": 14.205667, "fair_value": 18.596003, "relative_strength": -23.770472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.438646, "energy": 23.472852, "activity_lines": [ 13.157333, 12.788727, 12.862857, 13.428516 ] }, { "date": "2024-06-07", "close": 12.78, "volume": 5661901, "typical_volume": 11781428.2, "trend": 14.101, "fair_value": 18.490691, "relative_strength": -26.46531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.74543, "energy": 20.04706, "activity_lines": [ 13.092, 12.824, 12.812857, 13.336538 ] }, { "date": "2024-06-14", "close": 12.53, "volume": 8484676, "typical_volume": 11871040.85, "trend": 13.993333, "fair_value": 18.399941, "relative_strength": -28.546744, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.952142, "energy": 15.497135, "activity_lines": [ 12.912, 12.811091, 12.748429, 13.235183 ] }, { "date": "2024-06-21", "close": 12.38, "volume": 9766371, "typical_volume": 12084254.45, "trend": 13.866333, "fair_value": 18.296037, "relative_strength": -29.338988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.587388, "energy": 29.302999, "activity_lines": [ 12.678, 12.766, 12.684095, 13.131097 ] }, { "date": "2024-06-28", "close": 12.35, "volume": 29948884, "typical_volume": 13253465.6, "trend": 13.74, "fair_value": 18.188048, "relative_strength": -28.934337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.616817, "energy": 34.35234, "activity_lines": [ 12.506667, 12.708909, 12.629857, 13.033269 ] }, { "date": "2024-07-05", "close": 13.26, "volume": 9087865, "typical_volume": 13072664.8, "trend": 13.669667, "fair_value": 18.088999, "relative_strength": -24.605995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.992502, "energy": 21.291275, "activity_lines": [ 12.712, 12.809818, 12.677143, 13.002301 ] }, { "date": "2024-07-12", "close": 14.25, "volume": 11274048, "typical_volume": 13228373.3, "trend": 13.628, "fair_value": 18.00829, "relative_strength": -19.237484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.464757, "energy": 11.550103, "activity_lines": [ 13.242, 13.070182, 12.828143, 13.039742 ] }, { "date": "2024-07-19", "close": 14.64, "volume": 8121404, "typical_volume": 12441177.8, "trend": 13.562, "fair_value": 17.926779, "relative_strength": -14.844235, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.37696, "energy": 46.823176, "activity_lines": [ 13.804, 13.366182, 13.020048, 13.105032 ] }, { "date": "2024-07-26", "close": 14.7, "volume": 6120093, "typical_volume": 11733893.55, "trend": 13.488333, "fair_value": 17.846399, "relative_strength": -13.289849, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.195976, "energy": 62.626441, "activity_lines": [ 14.245333, 13.633636, 13.202571, 13.178452 ] }, { "date": "2024-08-02", "close": 13.47, "volume": 7268962, "typical_volume": 11108526.2, "trend": 13.384667, "fair_value": 17.770011, "relative_strength": -18.097319, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.573714, "energy": 54.301095, "activity_lines": [ 14.122, 13.655091, 13.256048, 13.177269 ] }, { "date": "2024-08-09", "close": 11.1, "volume": 25019312, "typical_volume": 11640250.5, "trend": 13.252, "fair_value": 17.67029, "relative_strength": -31.664313, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -37.388679, "energy": 16.885678, "activity_lines": [ 13.134, 13.245273, 13.078429, 13.029871 ] }, { "date": "2024-08-16", "close": 12.86, "volume": 10304380, "typical_volume": 11693190.85, "trend": 13.189, "fair_value": 17.591958, "relative_strength": -22.934196, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.531321, "energy": 10.39043, "activity_lines": [ 12.876667, 13.193273, 13.077857, 13.004581 ] }, { "date": "2024-08-23", "close": 13.22, "volume": 4958306, "typical_volume": 11364360.3, "trend": 13.111333, "fair_value": 17.502878, "relative_strength": -20.944311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.95459, "energy": 17.002047, "activity_lines": [ 12.832, 13.205273, 13.110476, 13.006581 ] }, { "date": "2024-08-30", "close": 13.49, "volume": 6377918, "typical_volume": 11191685.4, "trend": 13.057667, "fair_value": 17.425045, "relative_strength": -18.583171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.234128, "energy": 13.567804, "activity_lines": [ 12.972, 13.253818, 13.164238, 13.031011 ] }, { "date": "2024-09-06", "close": 12.42, "volume": 4286946, "typical_volume": 10904403.1, "trend": 12.956, "fair_value": 17.349241, "relative_strength": -21.018815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.476239, "energy": 11.071234, "activity_lines": [ 12.836, 13.087636, 13.109095, 12.989871 ] }, { "date": "2024-09-13", "close": 13.15, "volume": 9740369, "typical_volume": 10805810.75, "trend": 12.886333, "fair_value": 17.281656, "relative_strength": -18.840215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 18.256995, "energy": 7.473317, "activity_lines": [ 13.013333, 13.052909, 13.12119, 13.002387 ] }, { "date": "2024-09-20", "close": 13.73, "volume": 7536640, "typical_volume": 10533700.35, "trend": 12.842667, "fair_value": 17.213228, "relative_strength": -15.613083, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.89434, "energy": 18.378953, "activity_lines": [ 13.247333, 13.125636, 13.183667, 13.056817 ] }, { "date": "2024-09-27", "close": 13.72, "volume": 7302264, "typical_volume": 10102811.5, "trend": 12.917667, "fair_value": 17.139504, "relative_strength": -15.28353, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.449604, "energy": 19.896746, "activity_lines": [ 13.42, 13.206, 13.238429, 13.113419 ] }, { "date": "2024-10-04", "close": 13.7, "volume": 4940805, "typical_volume": 9587705.5, "trend": 12.967667, "fair_value": 17.065141, "relative_strength": -14.812934, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.454108, "energy": 30.729849, "activity_lines": [ 13.552667, 13.299455, 13.285333, 13.163892 ] }, { "date": "2024-10-11", "close": 13.35, "volume": 5253272, "typical_volume": 9451171.45, "trend": 13.001333, "fair_value": 16.98004, "relative_strength": -17.095851, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.375995, "energy": 33.928081, "activity_lines": [ 13.554667, 13.347455, 13.29781, 13.188559 ] }, { "date": "2024-10-18", "close": 13.11, "volume": 4531055, "typical_volume": 9299273.55, "trend": 13.002333, "fair_value": 16.892693, "relative_strength": -18.43615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.337154, "energy": 21.865965, "activity_lines": [ 13.414667, 13.354, 13.287905, 13.19557 ] }, { "date": "2024-10-25", "close": 12.84, "volume": 4228392, "typical_volume": 9227598.1, "trend": 13.009333, "fair_value": 16.819503, "relative_strength": -18.5254, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 21.355062, "energy": 8.639284, "activity_lines": [ 13.187333, 13.274909, 13.252619, 13.185097 ] }, { "date": "2024-11-01", "close": 12.78, "volume": 4110225, "typical_volume": 9008875.55, "trend": 13.026667, "fair_value": 16.728388, "relative_strength": -16.790987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.971259, "energy": 10.05772, "activity_lines": [ 12.999333, 13.185273, 13.211333, 13.170301 ] }, { "date": "2024-11-08", "close": 14.39, "volume": 9705610, "typical_volume": 9005837.5, "trend": 13.105667, "fair_value": 16.648459, "relative_strength": -9.749997, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.934344, "energy": 20.881628, "activity_lines": [ 13.410667, 13.396364, 13.32219, 13.258258 ] }, { "date": "2024-11-15", "close": 13.96, "volume": 6994423, "typical_volume": 7858114.45, "trend": 13.173, "fair_value": 16.577533, "relative_strength": -9.832638, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.179679, "energy": 31.148659, "activity_lines": [ 13.632667, 13.512909, 13.382524, 13.313376 ] }, { "date": "2024-11-22", "close": 14.5, "volume": 6107140, "typical_volume": 7709078.2, "trend": 13.252, "fair_value": 16.511247, "relative_strength": -7.089351, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.715984, "energy": 53.724251, "activity_lines": [ 13.994, 13.699636, 13.486619, 13.398989 ] }, { "date": "2024-11-29", "close": 14.51, "volume": 4937960, "typical_volume": 7392273.8, "trend": 13.325333, "fair_value": 16.445616, "relative_strength": -7.326004, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.594435, "energy": 61.523784, "activity_lines": [ 14.266, 13.863636, 13.585762, 13.480151 ] }, { "date": "2024-12-06", "close": 14.14, "volume": 6684011, "typical_volume": 7320404.15, "trend": 13.381, "fair_value": 16.372933, "relative_strength": -9.763649, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.221658, "energy": 57.864367, "activity_lines": [ 14.303333, 13.946182, 13.648429, 13.53271 ] }, { "date": "2024-12-13", "close": 14.67, "volume": 9443463, "typical_volume": 7486572.65, "trend": 13.421, "fair_value": 16.31462, "relative_strength": -5.182898, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.256986, "energy": 61.474702, "activity_lines": [ 14.426667, 14.117455, 13.763952, 13.615871 ] }, { "date": "2024-12-20", "close": 13.93, "volume": 9545785, "typical_volume": 7600413.8, "trend": 13.437, "fair_value": 16.249361, "relative_strength": -7.452114, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.848231, "energy": 37.013958, "activity_lines": [ 14.284667, 14.136545, 13.809143, 13.64871 ] }, { "date": "2024-12-27", "close": 13.92, "volume": 3658145, "typical_volume": 6532355.45, "trend": 13.461667, "fair_value": 16.180498, "relative_strength": -7.233006, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.032252, "energy": 23.28481, "activity_lines": [ 14.141333, 14.143273, 13.85119, 13.679871 ] }, { "date": "2025-01-03", "close": 13.59, "volume": 4399635, "typical_volume": 6237118.2, "trend": 13.488667, "fair_value": 16.10429, "relative_strength": -8.057534, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.594306, "energy": 15.288613, "activity_lines": [ 13.926667, 14.075273, 13.848381, 13.688151 ] }, { "date": "2025-01-10", "close": 13.03, "volume": 4911276, "typical_volume": 6234766.7, "trend": 13.505333, "fair_value": 16.019694, "relative_strength": -9.436671, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.264281, "energy": 13.618752, "activity_lines": [ 13.586667, 13.891818, 13.788762, 13.658559 ] }, { "date": "2025-01-17", "close": 13.11, "volume": 5793803, "typical_volume": 6205560.95, "trend": 13.529667, "fair_value": 15.949532, "relative_strength": -10.862165, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.071666, "energy": 19.408233, "activity_lines": [ 13.347333, 13.718364, 13.737667, 13.633054 ] }, { "date": "2025-01-24", "close": 12.62, "volume": 5137344, "typical_volume": 6248080.85, "trend": 13.538667, "fair_value": 15.884291, "relative_strength": -14.891799, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.242106, "energy": 31.663094, "activity_lines": [ 13.048667, 13.479091, 13.641714, 13.574366 ] }, { "date": "2025-01-31", "close": 12.29, "volume": 6570329, "typical_volume": 6089578.85, "trend": 13.506333, "fair_value": 15.816188, "relative_strength": -15.570299, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.390365, "energy": 49.636976, "activity_lines": [ 12.727333, 13.204182, 13.513381, 13.493806 ] }, { "date": "2025-02-07", "close": 12.73, "volume": 8895757, "typical_volume": 6157534.7, "trend": 13.455667, "fair_value": 15.732618, "relative_strength": -11.68754, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.762601, "energy": 57.603509, "activity_lines": [ 12.661333, 13.049455, 13.431048, 13.44372 ] }, { "date": "2025-02-14", "close": 12.29, "volume": 5765592, "typical_volume": 6080701.1, "trend": 13.377333, "fair_value": 15.645678, "relative_strength": -15.259051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.557673, "energy": 60.079888, "activity_lines": [ 12.506, 12.847091, 13.311571, 13.368516 ] }, { "date": "2025-02-21", "close": 11.86, "volume": 5443763, "typical_volume": 6105849.0, "trend": 13.282667, "fair_value": 15.559638, "relative_strength": -16.200809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.856498, "energy": 65.395852, "activity_lines": [ 12.256667, 12.600182, 13.157952, 13.270624 ] }, { "date": "2025-02-28", "close": 11.28, "volume": 12307062, "typical_volume": 6458538.5, "trend": 13.209667, "fair_value": 15.488324, "relative_strength": -19.28496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.375965, "energy": 67.78759, "activity_lines": [ 11.897333, 12.298909, 12.957857, 13.141419 ] }, { "date": "2025-03-07", "close": 10.89, "volume": 15900447, "typical_volume": 7027008.1, "trend": 13.202667, "fair_value": 15.410775, "relative_strength": -19.259201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.013746, "energy": 73.646161, "activity_lines": [ 11.497333, 11.974909, 12.730476, 12.991763 ] }, { "date": "2025-03-14", "close": 9.68, "volume": 11208678, "typical_volume": 7376022.4, "trend": 13.096667, "fair_value": 15.314103, "relative_strength": -26.119472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.735127, "energy": 85.967824, "activity_lines": [ 10.787333, 11.486, 12.398429, 12.764495 ] }, { "date": "2025-03-21", "close": 10.02, "volume": 11784788, "typical_volume": 7759750.55, "trend": 12.99, "fair_value": 15.214932, "relative_strength": -23.429631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.529647, "energy": 86.804493, "activity_lines": [ 10.394, 11.13, 12.11381, 12.566 ] }, { "date": "2025-03-28", "close": 10.01, "volume": 9886352, "typical_volume": 7768787.65, "trend": 12.874, "fair_value": 15.120847, "relative_strength": -21.94421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.375233, "energy": 85.028876, "activity_lines": [ 10.148667, 10.826909, 11.841381, 12.373742 ] }, { "date": "2025-04-04", "close": 8.57, "volume": 11361949, "typical_volume": 7987163.95, "trend": 12.745667, "fair_value": 15.023943, "relative_strength": -26.079492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.604467, "energy": 92.157002, "activity_lines": [ 9.546667, 10.318364, 11.452667, 12.096065 ] }, { "date": "2025-04-11", "close": 8.27, "volume": 15388775, "typical_volume": 8451245.7, "trend": 12.583, "fair_value": 14.917958, "relative_strength": -32.020891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.435559, "energy": 90.089832, "activity_lines": [ 9.025333, 9.828909, 11.061048, 11.807312 ] }, { "date": "2025-04-18", "close": 7.8, "volume": 7048475, "typical_volume": 8556771.45, "trend": 12.385333, "fair_value": 14.809353, "relative_strength": -34.435767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.298168, "energy": 89.596757, "activity_lines": [ 8.522, 9.327091, 10.654333, 11.498731 ] }, { "date": "2025-04-25", "close": 8.57, "volume": 10496790, "typical_volume": 8747410.4, "trend": 12.213667, "fair_value": 14.726527, "relative_strength": -30.625275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.55799, "energy": 81.388657, "activity_lines": [ 8.400667, 9.054909, 10.352905, 11.252581 ] }, { "date": "2025-05-02", "close": 8.9, "volume": 7950295, "typical_volume": 8672752.0, "trend": 12.053667, "fair_value": 14.646486, "relative_strength": -29.478426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.385483, "energy": 66.254253, "activity_lines": [ 8.486, 8.910364, 10.109429, 11.038796 ] }, { "date": "2025-05-09", "close": 10.57, "volume": 11832089, "typical_volume": 8787067.2, "trend": 11.961, "fair_value": 14.58179, "relative_strength": -15.483944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.291619, "energy": 45.269344, "activity_lines": [ 9.202, 9.123273, 10.052476, 10.943075 ] }, { "date": "2025-05-16", "close": 10.89, "volume": 9916553, "typical_volume": 9099987.6, "trend": 11.887, "fair_value": 14.525083, "relative_strength": -16.763802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.497227, "energy": 25.971066, "activity_lines": [ 9.891333, 9.407273, 10.042, 10.873978 ] }, { "date": "2025-05-23", "close": 10.82, "volume": 8359249, "typical_volume": 9297968.3, "trend": 11.819667, "fair_value": 14.456877, "relative_strength": -14.618676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.737576, "energy": 29.268016, "activity_lines": [ 10.382667, 9.678545, 10.039286, 10.80514 ] }, { "date": "2025-05-30", "close": 11.09, "volume": 7330095, "typical_volume": 9418909.25, "trend": 11.763333, "fair_value": 14.393037, "relative_strength": -13.520985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.906552, "energy": 27.014631, "activity_lines": [ 10.762667, 9.978182, 10.075476, 10.758065 ] }, { "date": "2025-06-06", "close": 11.35, "volume": 7267207, "typical_volume": 9492579.45, "trend": 11.662, "fair_value": 14.34042, "relative_strength": -12.524659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.931667, "energy": 28.136915, "activity_lines": [ 11.061333, 10.305636, 10.145667, 10.731398 ] }, { "date": "2025-06-13", "close": 11.56, "volume": 6748555, "typical_volume": 9573140.0, "trend": 11.582, "fair_value": 14.29257, "relative_strength": -10.266927, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 11.719867, "energy": 30.306318, "activity_lines": [ 11.266667, 10.646909, 10.244238, 10.724817 ] }, { "date": "2025-06-20", "close": 11.61, "volume": 7618353, "typical_volume": 9625541.2, "trend": 11.485667, "fair_value": 14.236822, "relative_strength": -9.453661, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 12.315491, "energy": 35.069891, "activity_lines": [ 11.422667, 10.942909, 10.352619, 10.726624 ] }, { "date": "2025-06-27", "close": 11.78, "volume": 10259928, "typical_volume": 9693749.75, "trend": 11.394667, "fair_value": 14.19286, "relative_strength": -10.906949, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.619916, "energy": 51.53785, "activity_lines": [ 11.587333, 11.209091, 10.480429, 10.745613 ] }, { "date": "2025-07-04", "close": 13.28, "volume": 6494719, "typical_volume": 9730206.1, "trend": 11.366, "fair_value": 14.157373, "relative_strength": -0.974672, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.79728, "energy": 67.695754, "activity_lines": [ 12.188, 11.675636, 10.755619, 10.867247 ] }, { "date": "2025-07-11", "close": 13.31, "volume": 9653073, "typical_volume": 9940671.6, "trend": 11.320667, "fair_value": 14.129944, "relative_strength": -0.081208, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 56.301246, "energy": 75.588338, "activity_lines": [ 12.652667, 12.062, 11.028952, 10.992667 ] }, { "date": "2025-07-18", "close": 14.11, "volume": 9394418, "typical_volume": 9795039.4, "trend": 11.326667, "fair_value": 14.095727, "relative_strength": 5.685672, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.292447, "energy": 82.894209, "activity_lines": [ 13.253333, 12.513636, 11.371571, 11.172624 ] }, { "date": "2025-07-25", "close": 14.38, "volume": 9017760, "typical_volume": 9450905.05, "trend": 11.342, "fair_value": 14.060291, "relative_strength": 6.557511, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.773755, "energy": 93.121631, "activity_lines": [ 13.774, 12.95, 11.726429, 11.369613 ] }, { "date": "2025-08-01", "close": 12.94, "volume": 7411333, "typical_volume": 9261037.8, "trend": 11.320333, "fair_value": 14.008349, "relative_strength": -1.312971, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.81529, "energy": 81.682563, "activity_lines": [ 13.63, 13.061091, 11.927524, 11.47271 ] }, { "date": "2025-08-08", "close": 12.35, "volume": 12936759, "typical_volume": 9318636.35, "trend": 11.297667, "fair_value": 13.950384, "relative_strength": -7.955016, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.492411, "energy": 56.084427, "activity_lines": [ 13.212, 13.026364, 12.056905, 11.53914 ] }, { "date": "2025-08-15", "close": 12.5, "volume": 9529410, "typical_volume": 9300789.25, "trend": 11.277333, "fair_value": 13.901638, "relative_strength": -7.399975, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.344702, "energy": 39.801767, "activity_lines": [ 12.906, 12.996, 12.189476, 11.61671 ] }, { "date": "2025-08-22", "close": 13.72, "volume": 7617944, "typical_volume": 9113589.0, "trend": 11.314, "fair_value": 13.864764, "relative_strength": 1.580586, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.319004, "energy": 36.373844, "activity_lines": [ 13.060667, 13.166545, 12.426381, 11.774301 ] }, { "date": "2025-08-29", "close": 13.18, "volume": 7015607, "typical_volume": 8694930.6, "trend": 11.343667, "fair_value": 13.829147, "relative_strength": -2.036402, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.160194, "energy": 30.870171, "activity_lines": [ 13.061333, 13.199636, 12.587333, 11.894688 ] }, { "date": "2025-09-05", "close": 13.31, "volume": 6281319, "typical_volume": 8656572.8, "trend": 11.363, "fair_value": 13.788072, "relative_strength": -1.158277, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.903732, "energy": 35.991164, "activity_lines": [ 13.185333, 13.227818, 12.737286, 12.021548 ] }, { "date": "2025-09-12", "close": 12.8, "volume": 6154914, "typical_volume": 8439479.0, "trend": 11.38, "fair_value": 13.778885, "relative_strength": -6.049735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.124491, "energy": 34.430233, "activity_lines": [ 13.114667, 13.135455, 12.812429, 12.114258 ] }, { "date": "2025-09-19", "close": 13.14, "volume": 7051208, "typical_volume": 8394524.65, "trend": 11.422667, "fair_value": 13.78112, "relative_strength": -4.318772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.873121, "energy": 32.434546, "activity_lines": [ 13.127333, 13.113636, 12.89981, 12.227806 ] }, { "date": "2025-09-26", "close": 12.6, "volume": 4082570, "typical_volume": 8007048.7, "trend": 11.466667, "fair_value": 13.787129, "relative_strength": -7.538193, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.936787, "energy": 21.82291, "activity_lines": [ 12.917333, 12.996727, 12.915571, 12.303763 ] }, { "date": "2025-10-03", "close": 12.77, "volume": 5260668, "typical_volume": 7774254.45, "trend": 11.529333, "fair_value": 13.793008, "relative_strength": -6.880453, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.462953, "energy": 17.208772, "activity_lines": [ 12.838667, 12.938182, 12.937857, 12.387849 ] }, { "date": "2025-10-10", "close": 11.19, "volume": 5172920, "typical_volume": 7614938.0, "trend": 11.579667, "fair_value": 13.791434, "relative_strength": -15.891316, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.420304, "energy": 15.139086, "activity_lines": [ 12.260667, 12.621636, 12.800714, 12.365957 ] }, { "date": "2025-10-17", "close": 11.29, "volume": 5544628, "typical_volume": 7525664.65, "trend": 11.622, "fair_value": 13.787709, "relative_strength": -16.14038, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.367902, "energy": 24.403394, "activity_lines": [ 11.857333, 12.355091, 12.671333, 12.347269 ] }, { "date": "2025-10-24", "close": 11.8, "volume": 5378392, "typical_volume": 7431223.9, "trend": 11.681667, "fair_value": 13.780056, "relative_strength": -13.604944, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.639574, "energy": 30.633605, "activity_lines": [ 11.724667, 12.200545, 12.589571, 12.358753 ] }, { "date": "2025-10-31", "close": 11.41, "volume": 6375433, "typical_volume": 7412567.8, "trend": 11.776333, "fair_value": 13.774071, "relative_strength": -16.578386, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.076701, "energy": 49.930417, "activity_lines": [ 11.551333, 11.987818, 12.468524, 12.341226 ] }, { "date": "2025-11-07", "close": 10.91, "volume": 10315375, "typical_volume": 7547418.9, "trend": 11.864333, "fair_value": 13.753281, "relative_strength": -18.281865, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.582352, "energy": 53.899435, "activity_lines": [ 11.290667, 11.726182, 12.300571, 12.285333 ] }, { "date": "2025-11-14", "close": 10.78, "volume": 9220121, "typical_volume": 7495428.55, "trend": 11.963667, "fair_value": 13.7361, "relative_strength": -18.736515, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.523078, "energy": 52.475287, "activity_lines": [ 11.110667, 11.482182, 12.123571, 12.215376 ] }, { "date": "2025-11-21", "close": 9.96, "volume": 11917388, "typical_volume": 7766562.0, "trend": 12.01, "fair_value": 13.707686, "relative_strength": -22.73096, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.825702, "energy": 68.353319, "activity_lines": [ 10.684667, 11.135091, 11.873238, 12.086108 ] }, { "date": "2025-11-28", "close": 10.11, "volume": 13604328, "typical_volume": 7964124.75, "trend": 12.050333, "fair_value": 13.679486, "relative_strength": -23.643957, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.602418, "energy": 78.413685, "activity_lines": [ 10.397333, 10.866909, 11.653, 11.963527 ] }, { "date": "2025-12-05", "close": 9.92, "volume": 20450399, "typical_volume": 8516923.8, "trend": 12.028667, "fair_value": 13.651995, "relative_strength": -24.651289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.284586, "energy": 80.728471, "activity_lines": [ 10.159333, 10.619273, 11.429905, 11.826086 ] }, { "date": "2025-12-12", "close": 10.1, "volume": 9349451, "typical_volume": 8533508.35, "trend": 12.002333, "fair_value": 13.624557, "relative_strength": -22.080219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.550947, "energy": 76.528915, "activity_lines": [ 10.080667, 10.453091, 11.243905, 11.701656 ] }, { "date": "2025-12-19", "close": 10.37, "volume": 12075235, "typical_volume": 8766703.45, "trend": 11.987333, "fair_value": 13.599714, "relative_strength": -19.39433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.18871, "energy": 55.873393, "activity_lines": [ 10.146, 10.384545, 11.104, 11.596344 ] }, { "date": "2025-12-26", "close": 10.54, "volume": 4291612, "typical_volume": 8334446.1, "trend": 11.969, "fair_value": 13.575215, "relative_strength": -18.530295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.381414, "energy": 45.262299, "activity_lines": [ 10.295333, 10.361818, 10.992524, 11.502968 ] }, { "date": "2026-01-02", "close": 9.86, "volume": 5406569, "typical_volume": 8128304.05, "trend": 11.919333, "fair_value": 13.542423, "relative_strength": -22.288626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.404472, "energy": 45.315794, "activity_lines": [ 10.179333, 10.229091, 10.824905, 11.366903 ] }, { "date": "2026-01-09", "close": 11.04, "volume": 8462081, "typical_volume": 8170510.9, "trend": 11.902, "fair_value": 13.512477, "relative_strength": -13.74735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.188931, "energy": 29.152685, "activity_lines": [ 10.473333, 10.346182, 10.782238, 11.310172 ] }, { "date": "2026-01-16", "close": 10.67, "volume": 11023709, "typical_volume": 8370916.0, "trend": 11.870667, "fair_value": 13.477406, "relative_strength": -15.752947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.054707, "energy": 24.038298, "activity_lines": [ 10.569333, 10.402727, 10.717095, 11.230688 ] }, { "date": "2026-01-23", "close": 10.45, "volume": 6396360, "typical_volume": 8376668.05, "trend": 11.826333, "fair_value": 13.437935, "relative_strength": -16.688228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.127366, "energy": 23.182162, "activity_lines": [ 10.554, 10.423636, 10.642952, 11.139032 ] }, { "date": "2026-01-30", "close": 9.92, "volume": 6559979, "typical_volume": 8396921.3, "trend": 11.714333, "fair_value": 13.389877, "relative_strength": -20.696768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.417321, "energy": 26.484834, "activity_lines": [ 10.356667, 10.354182, 10.531952, 11.016043 ] }, { "date": "2026-02-06", "close": 9.85, "volume": 10134472, "typical_volume": 8551084.5, "trend": 11.599, "fair_value": 13.348959, "relative_strength": -20.495597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.983495, "energy": 37.718588, "activity_lines": [ 10.177333, 10.272727, 10.428, 10.895763 ] }, { "date": "2026-02-13", "close": 9.49, "volume": 9343975, "typical_volume": 8814154.75, "trend": 11.445, "fair_value": 13.304357, "relative_strength": -21.862515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.026768, "energy": 49.170445, "activity_lines": [ 9.878667, 10.130545, 10.305429, 10.759699 ] }, { "date": "2026-02-20", "close": 9.6, "volume": 7206293, "typical_volume": 8911436.0, "trend": 11.285667, "fair_value": 13.264866, "relative_strength": -21.321314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.103244, "energy": 58.524456, "activity_lines": [ 9.72, 10.016182, 10.208143, 10.640667 ] }, { "date": "2026-02-27", "close": 7.64, "volume": 14775046, "typical_volume": 9391542.3, "trend": 11.109, "fair_value": 13.212456, "relative_strength": -36.514237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.649352, "energy": 81.238585, "activity_lines": [ 8.979333, 9.554545, 9.939286, 10.405462 ] }, { "date": "2026-03-06", "close": 7.85, "volume": 13058590, "typical_volume": 9767240.4, "trend": 10.959, "fair_value": 13.173898, "relative_strength": -32.900455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.90436, "energy": 83.464938, "activity_lines": [ 8.496, 9.180727, 9.707333, 10.195204 ] }, { "date": "2026-03-13", "close": 6.5, "volume": 14338972, "typical_volume": 10215269.4, "trend": 10.759, "fair_value": 13.132034, "relative_strength": -43.116448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.057273, "energy": 92.550089, "activity_lines": [ 7.700667, 8.610364, 9.36319, 9.907527 ] }, { "date": "2026-03-20", "close": 6.5, "volume": 14056442, "typical_volume": 10599319.85, "trend": 10.518333, "fair_value": 13.087733, "relative_strength": -41.557293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.863019, "energy": 92.917746, "activity_lines": [ 7.128667, 8.101091, 9.044286, 9.632753 ] }, { "date": "2026-03-27", "close": 6.19, "volume": 11208001, "typical_volume": 10643951.15, "trend": 10.285333, "fair_value": 13.034641, "relative_strength": -42.528421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.448283, "energy": 91.363879, "activity_lines": [ 6.652667, 7.618, 8.719238, 9.353505 ] }, { "date": "2026-04-03", "close": 6.15, "volume": 7744118, "typical_volume": 10570151.0, "trend": 10.046667, "fair_value": 12.985225, "relative_strength": -44.302133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.931672, "energy": 89.536002, "activity_lines": [ 6.390667, 7.209091, 8.412857, 9.08671 ] }, { "date": "2026-04-10", "close": 6.4, "volume": 11798082, "typical_volume": 10564185.7, "trend": 9.833333, "fair_value": 12.937057, "relative_strength": -43.651697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.650905, "energy": 83.1124, "activity_lines": [ 6.311333, 6.923818, 8.152333, 8.851441 ] }, { "date": "2026-04-17", "close": 6.86, "volume": 11869452, "typical_volume": 10477441.9, "trend": 9.624, "fair_value": 12.893687, "relative_strength": -41.854685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.309649, "energy": 64.263358, "activity_lines": [ 6.482, 6.786182, 7.952571, 8.659613 ] }, { "date": "2026-04-24", "close": 7.06, "volume": 9244864, "typical_volume": 9917165.15, "trend": 9.439333, "fair_value": 12.851284, "relative_strength": -40.071948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.695504, "energy": 55.582977, "activity_lines": [ 6.695333, 6.739273, 7.787333, 8.494194 ] }, { "date": "2026-05-01", "close": 7.19, "volume": 9369946, "typical_volume": 9918189.9, "trend": 9.253333, "fair_value": 12.807787, "relative_strength": -39.117648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.837289, "energy": 42.743899, "activity_lines": [ 6.914667, 6.760182, 7.648095, 8.349075 ] }, { "date": "2026-05-08", "close": 8.35, "volume": 15989789, "typical_volume": 10113917.6, "trend": 9.158667, "fair_value": 12.769603, "relative_strength": -30.2982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.365483, "energy": 25.505136, "activity_lines": [ 7.454, 7.035818, 7.63319, 8.290796 ] }, { "date": "2026-05-15", "close": 6.66, "volume": 11340796, "typical_volume": 10466376.8, "trend": 9.004333, "fair_value": 12.717321, "relative_strength": -43.88909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.572322, "energy": 25.69462, "activity_lines": [ 7.283333, 6.991273, 7.466952, 8.129591 ] }, { "date": "2026-05-22", "close": 6.59, "volume": 9460573, "typical_volume": 10669077.0, "trend": 8.830667, "fair_value": 12.664945, "relative_strength": -44.289402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.944286, "energy": 28.892711, "activity_lines": [ 7.072, 6.955636, 7.312524, 7.973828 ] }, { "date": "2026-05-29", "close": 7.19, "volume": 10574963, "typical_volume": 10774721.1, "trend": 8.69, "fair_value": 12.613662, "relative_strength": -39.38809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.822025, "energy": 25.781418, "activity_lines": [ 7.078667, 7.027455, 7.23081, 7.867978 ] }, { "date": "2026-06-05", "close": 6.91, "volume": 11192919, "typical_volume": 10783181.6, "trend": 8.556667, "fair_value": 12.559089, "relative_strength": -39.527195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.566926, "energy": 39.029994, "activity_lines": [ 6.983333, 7.035818, 7.140762, 7.75314 ] }, { "date": "2026-06-12", "close": 7.85, "volume": 12554153, "typical_volume": 11091071.25, "trend": 8.459, "fair_value": 12.510621, "relative_strength": -30.917817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.289248, "energy": 18.546821, "activity_lines": [ 7.22, 7.202, 7.158143, 7.707548 ] }, { "date": "2026-06-19", "close": 7.49, "volume": 13827186, "typical_volume": 11454431.6, "trend": 8.376667, "fair_value": 12.462795, "relative_strength": -33.888076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.769845, "energy": 13.74059, "activity_lines": [ 7.37, 7.271818, 7.153619, 7.645032 ] }, { "date": "2026-06-26", "close": 7.94, "volume": 14756481, "typical_volume": 11685532.05, "trend": 8.304333, "fair_value": 12.414589, "relative_strength": -27.429819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.912651, "energy": 11.111815, "activity_lines": [ 7.614667, 7.403636, 7.203524, 7.61686 ] }, { "date": "2026-07-03", "close": 8.7, "volume": 11173820, "typical_volume": 11777024.3, "trend": 8.263667, "fair_value": 12.372002, "relative_strength": -21.180672, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.675429, "energy": 23.545693, "activity_lines": [ 8.022667, 7.654, 7.334905, 7.642387 ] }, { "date": "2026-07-10", "close": 8.06, "volume": 11851959, "typical_volume": 12009307.6, "trend": 8.195667, "fair_value": 12.321616, "relative_strength": -26.92878, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.167968, "energy": 20.610139, "activity_lines": [ 8.116667, 7.758182, 7.409095, 7.629247 ] }, { "date": "2026-07-17", "close": 8.21, "volume": 8483587, "typical_volume": 11694734.65, "trend": 8.123667, "fair_value": 12.269399, "relative_strength": -23.220301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.181648, "energy": 29.143902, "activity_lines": [ 8.184, 7.873818, 7.504905, 7.630172 ] }, { "date": "2026-07-24", "close": 7.67, "volume": 8543524, "typical_volume": 11468981.35, "trend": 8.028, "fair_value": 12.213956, "relative_strength": -26.626914, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.765197, "energy": 19.548484, "activity_lines": [ 8.047333, 7.893818, 7.546571, 7.600903 ] }, { "date": "2026-07-31", "close": 8.27, "volume": 8540048, "typical_volume": 11179035.15, "trend": 7.975, "fair_value": 12.154967, "relative_strength": -20.669515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.189935, "energy": 18.503272, "activity_lines": [ 8.098667, 8.004545, 7.646238, 7.616516 ] }, { "date": "2026-08-07", "close": 8.25, "volume": 12956054, "typical_volume": 11124015.75, "trend": 7.882, "fair_value": 12.092624, "relative_strength": -22.593559, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.693757, "energy": 17.407439, "activity_lines": [ 8.121333, 8.081091, 7.735571, 7.634258 ] } ], "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." } } }