{ "ticker": { "uuid": "768332f5-fecf-449b-b736-347fea3ed25b", "symbol": "BOTX", "name": "Botnia Gold AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 54.35, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -52.024, "architecture_energy": 41.771, "architecture_maturity": 11.595, "architecture_confidence": 91.546, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 34.44, "rotation_up": 16.31, "upward_expansion": 7.24, "deceleration": 43.01, "rotation_down": 52.29, "downward_expansion": 78.24 }, "activity_lines": [ 11.88, 11.974909, 12.151857, 12.289871 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 11.98, "trend_reference": 12.543667, "distance_from_trend": -0.044936, "trend_direction": "Improving", "fair_value": 11.542244, "distance_from_fair_value": 0.037926, "fair_value_direction": "Weakening", "relative_strength": -16.041754, "relative_strength_direction": "Weakening", "price_momentum": -0.095849, "excess_performance": -0.157343, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044936, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.015764, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.037926, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.121286, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.160418, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.100158, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.095849, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.190566, "read": "Demand-led" } ], "volume": { "latest": 119840, "relative_activity": 0.796582, "balance": 1.190566, "dry_up": 0.790054, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.057917, "annualized_volatility": 0.332099, "from_high_reference": -0.307514, "from_low_reference": 0.17451 }, "levels": { "trend_reference": 12.543667, "fair_value_reference": 11.542244, "structural_low": 11.05, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.015361, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.004015, "regime_survival": 0.666667, "best_return": 0.355353, "worst_return": -0.158228, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.168966, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.056601, "regime_survival": 0.2, "best_return": 0.486146, "worst_return": -0.082278, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.050154, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.077928, "regime_survival": 0.0, "best_return": 0.404282, "worst_return": -0.081081, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.35443, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.188094, "regime_survival": 0.0, "best_return": 0.542821, "worst_return": 0.111927, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-12", "end": "2024-05-31", "tenure": "Developing", "return": -0.07563, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-07", "end": "2024-07-26", "tenure": "Developing", "return": 0.146341, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-10-25", "tenure": "Established", "return": 0.165217, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2025-01-31", "tenure": "Established", "return": -0.037313, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-05-30", "tenure": "Established", "return": -0.150943, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-06", "end": "2025-08-08", "tenure": "Developing", "return": 0.178899, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": 0.188462, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.00361, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-14", "tenure": "Developing", "return": -0.193431, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2026-01-02", "tenure": "Developing", "return": 0.080717, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": 0.061776, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": -0.196078, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-07-10", "tenure": "Established", "return": -0.131387, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.032759, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.48, "volume": 56479, "typical_volume": 120496.75, "trend": 6.719, "fair_value": 7.086667, "relative_strength": 39.13238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.689921, "energy": 67.548067, "activity_lines": [ 9.885333, 9.201273, 8.087095, 7.473011 ] }, { "date": "2023-08-25", "close": 10.3, "volume": 210437, "typical_volume": 123858.4, "trend": 6.883, "fair_value": 7.106159, "relative_strength": 49.985481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.152483, "energy": 57.502385, "activity_lines": [ 10.023333, 9.520364, 8.368286, 7.704043 ] }, { "date": "2023-09-01", "close": 9.48, "volume": 54818, "typical_volume": 117625.25, "trend": 7.019667, "fair_value": 7.120395, "relative_strength": 35.202003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.149321, "energy": 47.125232, "activity_lines": [ 9.790667, 9.626364, 8.55281, 7.871591 ] }, { "date": "2023-09-08", "close": 9.54, "volume": 54662, "typical_volume": 112802.25, "trend": 7.161667, "fair_value": 7.135016, "relative_strength": 36.160281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.821185, "energy": 38.248627, "activity_lines": [ 9.676, 9.698909, 8.72819, 8.034194 ] }, { "date": "2023-09-15", "close": 8.7, "volume": 74561, "typical_volume": 114290.9, "trend": 7.280333, "fair_value": 7.144251, "relative_strength": 23.027353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.681204, "energy": 30.314233, "activity_lines": [ 9.345333, 9.571455, 8.806238, 8.133441 ] }, { "date": "2023-09-22", "close": 9.04, "volume": 65231, "typical_volume": 115147.25, "trend": 7.405, "fair_value": 7.155667, "relative_strength": 29.422695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.246868, "energy": 21.793791, "activity_lines": [ 9.192, 9.481091, 8.905238, 8.246968 ] }, { "date": "2023-09-29", "close": 9.1, "volume": 66094, "typical_volume": 116203.0, "trend": 7.539667, "fair_value": 7.167466, "relative_strength": 30.716271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.794091, "energy": 18.58783, "activity_lines": [ 9.088, 9.381273, 8.995476, 8.356323 ] }, { "date": "2023-10-06", "close": 9.4, "volume": 62400, "typical_volume": 117573.4, "trend": 7.682333, "fair_value": 7.181189, "relative_strength": 34.778687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.88364, "energy": 17.877687, "activity_lines": [ 9.164, 9.331273, 9.098952, 8.476344 ] }, { "date": "2023-10-13", "close": 9.08, "volume": 50522, "typical_volume": 117112.5, "trend": 7.791667, "fair_value": 7.192861, "relative_strength": 27.861593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.998635, "energy": 17.020604, "activity_lines": [ 9.138667, 9.251273, 9.156048, 8.566516 ] }, { "date": "2023-10-20", "close": 8.46, "volume": 47116, "typical_volume": 110020.85, "trend": 7.871, "fair_value": 7.200558, "relative_strength": 25.374204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.020509, "energy": 9.609581, "activity_lines": [ 8.937333, 9.084364, 9.139619, 8.609634 ] }, { "date": "2023-10-27", "close": 8.24, "volume": 36300, "typical_volume": 106513.25, "trend": 7.943, "fair_value": 7.206845, "relative_strength": 23.531551, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.834853, "energy": 8.618758, "activity_lines": [ 8.678667, 8.899273, 9.090143, 8.633441 ] }, { "date": "2023-11-03", "close": 9.04, "volume": 50369, "typical_volume": 101120.7, "trend": 8.031, "fair_value": 7.21826, "relative_strength": 30.135019, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.588424, "energy": 11.1496, "activity_lines": [ 8.74, 8.882182, 9.109238, 8.704215 ] }, { "date": "2023-11-10", "close": 9.0, "volume": 47452, "typical_volume": 94064.3, "trend": 8.119, "fair_value": 7.229419, "relative_strength": 29.636435, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.698718, "energy": 10.334404, "activity_lines": [ 8.792, 8.880727, 9.113762, 8.766731 ] }, { "date": "2023-11-17", "close": 8.38, "volume": 76551, "typical_volume": 93543.55, "trend": 8.201667, "fair_value": 7.236604, "relative_strength": 16.407475, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.529069, "energy": 7.171488, "activity_lines": [ 8.664, 8.775273, 9.049905, 8.78357 ] }, { "date": "2023-11-24", "close": 8.3, "volume": 59682, "typical_volume": 93702.55, "trend": 8.268333, "fair_value": 7.243275, "relative_strength": 13.408127, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.774165, "energy": 7.08879, "activity_lines": [ 8.556, 8.676364, 8.971571, 8.789914 ] }, { "date": "2023-12-01", "close": 8.44, "volume": 38021, "typical_volume": 92352.45, "trend": 8.349667, "fair_value": 7.250844, "relative_strength": 13.943601, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.299655, "energy": 11.809975, "activity_lines": [ 8.505333, 8.610182, 8.902, 8.800989 ] }, { "date": "2023-12-08", "close": 8.62, "volume": 74570, "typical_volume": 88096.75, "trend": 8.441, "fair_value": 7.259567, "relative_strength": 12.732502, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.832653, "energy": 12.717734, "activity_lines": [ 8.501333, 8.587636, 8.847095, 8.81843 ] }, { "date": "2023-12-15", "close": 8.56, "volume": 59046, "typical_volume": 80281.15, "trend": 8.524333, "fair_value": 7.267906, "relative_strength": 8.190174, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.483151, "energy": 13.679065, "activity_lines": [ 8.505333, 8.562909, 8.787524, 8.826108 ] }, { "date": "2023-12-22", "close": 8.38, "volume": 64849, "typical_volume": 67638.15, "trend": 8.602333, "fair_value": 7.27509, "relative_strength": 5.776895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.758084, "energy": 14.144218, "activity_lines": [ 8.478667, 8.520727, 8.72219, 8.816796 ] }, { "date": "2023-12-29", "close": 8.44, "volume": 26883, "typical_volume": 63802.15, "trend": 8.686333, "fair_value": 7.282659, "relative_strength": 5.005552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.594199, "energy": 12.682275, "activity_lines": [ 8.472, 8.502182, 8.672667, 8.806323 ] }, { "date": "2024-01-05", "close": 8.56, "volume": 25278, "typical_volume": 62242.1, "trend": 8.750333, "fair_value": 7.290997, "relative_strength": 8.498453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.918011, "energy": 11.232456, "activity_lines": [ 8.496, 8.505818, 8.640381, 8.798172 ] }, { "date": "2024-01-12", "close": 8.2, "volume": 45342, "typical_volume": 53987.35, "trend": 8.797667, "fair_value": 7.297028, "relative_strength": 2.505441, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -50.733532, "energy": 27.405365, "activity_lines": [ 8.392, 8.438182, 8.57819, 8.762667 ] }, { "date": "2024-01-19", "close": 7.94, "volume": 24376, "typical_volume": 52465.25, "trend": 8.827667, "fair_value": 7.301392, "relative_strength": 1.173047, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.886175, "energy": 37.024226, "activity_lines": [ 8.229333, 8.338545, 8.501238, 8.707333 ] }, { "date": "2024-01-26", "close": 8.4, "volume": 51507, "typical_volume": 52307.5, "trend": 8.876333, "fair_value": 7.308705, "relative_strength": 3.138728, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.824973, "energy": 30.897305, "activity_lines": [ 8.261333, 8.341818, 8.475429, 8.679742 ] }, { "date": "2024-02-02", "close": 8.38, "volume": 84501, "typical_volume": 52804.5, "trend": 8.911, "fair_value": 7.315889, "relative_strength": 2.306272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.230433, "energy": 33.729204, "activity_lines": [ 8.285333, 8.341091, 8.453143, 8.64772 ] }, { "date": "2024-02-09", "close": 8.18, "volume": 77211, "typical_volume": 53403.5, "trend": 8.919667, "fair_value": 7.321792, "relative_strength": -0.07714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.419635, "energy": 32.550801, "activity_lines": [ 8.246667, 8.302545, 8.413333, 8.600559 ] }, { "date": "2024-02-16", "close": 8.0, "volume": 87631, "typical_volume": 54480.35, "trend": 8.891667, "fair_value": 7.32654, "relative_strength": -5.111204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.268595, "energy": 27.653784, "activity_lines": [ 8.173333, 8.236, 8.360476, 8.541226 ] }, { "date": "2024-02-23", "close": 7.92, "volume": 51088, "typical_volume": 53914.75, "trend": 8.790667, "fair_value": 7.330776, "relative_strength": -7.515302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.898803, "energy": 31.98565, "activity_lines": [ 8.086667, 8.166182, 8.305238, 8.478538 ] }, { "date": "2024-03-01", "close": 7.76, "volume": 66747, "typical_volume": 54726.0, "trend": 8.699333, "fair_value": 7.333986, "relative_strength": -10.784584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.567649, "energy": 39.032, "activity_lines": [ 7.948, 8.078909, 8.24181, 8.412043 ] }, { "date": "2024-03-08", "close": 8.0, "volume": 92402, "typical_volume": 56990.3, "trend": 8.644, "fair_value": 7.338734, "relative_strength": -9.42819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.177743, "energy": 35.909456, "activity_lines": [ 7.932, 8.046545, 8.207524, 8.366925 ] }, { "date": "2024-03-15", "close": 8.78, "volume": 173529, "typical_volume": 63851.75, "trend": 8.620667, "fair_value": 7.348483, "relative_strength": -2.761205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.378089, "energy": 13.341387, "activity_lines": [ 8.201333, 8.164, 8.249714, 8.375699 ] }, { "date": "2024-03-22", "close": 9.88, "volume": 142245, "typical_volume": 68445.55, "trend": 8.606667, "fair_value": 7.365283, "relative_strength": 8.811126, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.309654, "energy": 22.873733, "activity_lines": [ 8.797333, 8.477455, 8.394095, 8.456946 ] }, { "date": "2024-03-29", "close": 10.5, "volume": 141220, "typical_volume": 73133.95, "trend": 8.640667, "fair_value": 7.386057, "relative_strength": 15.487502, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.706884, "energy": 55.779385, "activity_lines": [ 9.474667, 8.873091, 8.593524, 8.579097 ] }, { "date": "2024-04-05", "close": 10.0, "volume": 77904, "typical_volume": 73201.6, "trend": 8.656, "fair_value": 7.403626, "relative_strength": 9.95704, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.639365, "energy": 69.602551, "activity_lines": [ 9.813333, 9.131273, 8.73819, 8.666796 ] }, { "date": "2024-04-12", "close": 11.9, "volume": 128181, "typical_volume": 76626.55, "trend": 8.762667, "fair_value": 7.433375, "relative_strength": 29.418883, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.554844, "energy": 86.827388, "activity_lines": [ 10.636, 9.705818, 9.056095, 8.876086 ] }, { "date": "2024-04-19", "close": 11.8, "volume": 208459, "typical_volume": 85148.45, "trend": 8.854667, "fair_value": 7.462482, "relative_strength": 27.190088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.882227, "energy": 84.074326, "activity_lines": [ 11.165333, 10.198182, 9.347333, 9.072043 ] }, { "date": "2024-04-26", "close": 11.1, "volume": 182536, "typical_volume": 90546.75, "trend": 8.921333, "fair_value": 7.487103, "relative_strength": 16.100156, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.13204, "energy": 74.749947, "activity_lines": [ 11.26, 10.497455, 9.555905, 9.216903 ] }, { "date": "2024-05-03", "close": 11.7, "volume": 260188, "typical_volume": 100603.85, "trend": 8.998, "fair_value": 7.515569, "relative_strength": 22.014384, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.229063, "energy": 67.509815, "activity_lines": [ 11.473333, 10.849455, 9.80981, 9.396172 ] }, { "date": "2024-05-10", "close": 11.25, "volume": 151687, "typical_volume": 104945.75, "trend": 9.070333, "fair_value": 7.541151, "relative_strength": 12.456114, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.886823, "energy": 48.339096, "activity_lines": [ 11.456667, 11.050909, 10.005905, 9.541462 ] }, { "date": "2024-05-17", "close": 11.35, "volume": 124625, "typical_volume": 109832.85, "trend": 9.166667, "fair_value": 7.567374, "relative_strength": 13.591684, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.538549, "energy": 42.648077, "activity_lines": [ 11.39, 11.207091, 10.197857, 9.688538 ] }, { "date": "2024-05-24", "close": 11.8, "volume": 44326, "typical_volume": 110785.25, "trend": 9.285333, "fair_value": 7.596481, "relative_strength": 16.023925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.141498, "energy": 44.049555, "activity_lines": [ 11.51, 11.384182, 10.41881, 9.85843 ] }, { "date": "2024-05-31", "close": 11.0, "volume": 113123, "typical_volume": 114174.3, "trend": 9.350667, "fair_value": 7.620461, "relative_strength": 8.124241, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.971682, "energy": 34.967711, "activity_lines": [ 11.363333, 11.360909, 10.548143, 9.969054 ] }, { "date": "2024-06-07", "close": 10.25, "volume": 131319, "typical_volume": 119521.45, "trend": 9.392333, "fair_value": 7.639632, "relative_strength": -0.497095, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.40996, "energy": 24.053682, "activity_lines": [ 10.973333, 11.180909, 10.592714, 10.027075 ] }, { "date": "2024-06-14", "close": 9.8, "volume": 97120, "typical_volume": 121802.1, "trend": 9.439667, "fair_value": 7.655919, "relative_strength": -2.994051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.703486, "energy": 16.563262, "activity_lines": [ 10.53, 10.923636, 10.583429, 10.053376 ] }, { "date": "2024-06-21", "close": 10.05, "volume": 37642, "typical_volume": 119459.15, "trend": 9.498, "fair_value": 7.673809, "relative_strength": -1.353193, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.144263, "energy": 19.511924, "activity_lines": [ 10.266667, 10.715455, 10.591286, 10.092753 ] }, { "date": "2024-06-28", "close": 10.3, "volume": 96277, "typical_volume": 120412.45, "trend": 9.56, "fair_value": 7.693301, "relative_strength": 0.77903, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.606964, "energy": 15.672585, "activity_lines": [ 10.173333, 10.586364, 10.615, 10.144495 ] }, { "date": "2024-07-05", "close": 10.5, "volume": 57242, "typical_volume": 118893.0, "trend": 9.622667, "fair_value": 7.714075, "relative_strength": 2.837772, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.008098, "energy": 12.691255, "activity_lines": [ 10.246667, 10.520909, 10.647667, 10.20514 ] }, { "date": "2024-07-12", "close": 11.7, "volume": 72221, "typical_volume": 119949.65, "trend": 9.727333, "fair_value": 7.742542, "relative_strength": 10.870074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.088843, "energy": 20.277608, "activity_lines": [ 10.753333, 10.684545, 10.782714, 10.339161 ] }, { "date": "2024-07-19", "close": 11.15, "volume": 141064, "typical_volume": 123665.5, "trend": 9.819667, "fair_value": 7.767483, "relative_strength": 7.932727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.327328, "energy": 23.386102, "activity_lines": [ 10.98, 10.748182, 10.847381, 10.430946 ] }, { "date": "2024-07-26", "close": 11.75, "volume": 74222, "typical_volume": 122756.5, "trend": 9.93, "fair_value": 7.79627, "relative_strength": 13.546644, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.284414, "energy": 42.280885, "activity_lines": [ 11.316667, 10.922727, 10.953048, 10.555484 ] }, { "date": "2024-08-02", "close": 11.5, "volume": 89516, "typical_volume": 118555.85, "trend": 10.028, "fair_value": 7.823454, "relative_strength": 16.215084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.222167, "energy": 50.21585, "activity_lines": [ 11.456667, 11.044545, 11.017048, 10.656774 ] }, { "date": "2024-08-09", "close": 12.55, "volume": 182604, "typical_volume": 120573.8, "trend": 10.173, "fair_value": 7.857369, "relative_strength": 26.821815, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.317096, "energy": 59.593404, "activity_lines": [ 11.866667, 11.362727, 11.168095, 10.819484 ] }, { "date": "2024-08-16", "close": 11.0, "volume": 123292, "typical_volume": 119677.4, "trend": 10.275, "fair_value": 7.881349, "relative_strength": 7.928345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.644571, "energy": 40.286754, "activity_lines": [ 11.623333, 11.370909, 11.15881, 10.872839 ] }, { "date": "2024-08-23", "close": 11.5, "volume": 99455, "typical_volume": 120754.95, "trend": 10.378333, "fair_value": 7.908533, "relative_strength": 11.840655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.471264, "energy": 29.258385, "activity_lines": [ 11.593333, 11.456364, 11.194762, 10.951871 ] }, { "date": "2024-08-30", "close": 11.85, "volume": 88497, "typical_volume": 118770.75, "trend": 10.494, "fair_value": 7.937961, "relative_strength": 13.491562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.904062, "energy": 29.996271, "activity_lines": [ 11.656667, 11.574545, 11.256905, 11.046817 ] }, { "date": "2024-09-06", "close": 12.8, "volume": 373695, "typical_volume": 127032.55, "trend": 10.648, "fair_value": 7.973479, "relative_strength": 27.796919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.747564, "energy": 32.909003, "activity_lines": [ 12.03, 11.832727, 11.409762, 11.195591 ] }, { "date": "2024-09-13", "close": 12.75, "volume": 402236, "typical_volume": 138017.55, "trend": 10.806333, "fair_value": 8.008676, "relative_strength": 24.42638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.964393, "energy": 38.22493, "activity_lines": [ 12.3, 12.036364, 11.553095, 11.331204 ] }, { "date": "2024-09-20", "close": 13.8, "volume": 223124, "typical_volume": 136164.35, "trend": 11.002333, "fair_value": 8.050604, "relative_strength": 31.123831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.176499, "energy": 58.51464, "activity_lines": [ 12.906667, 12.39, 11.788571, 11.524344 ] }, { "date": "2024-09-27", "close": 14.7, "volume": 246663, "typical_volume": 140913.15, "trend": 11.233667, "fair_value": 8.098302, "relative_strength": 35.623096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.036016, "energy": 73.403373, "activity_lines": [ 13.626667, 12.869091, 12.099762, 11.762903 ] }, { "date": "2024-10-04", "close": 13.8, "volume": 129982, "typical_volume": 141181.0, "trend": 11.427, "fair_value": 8.14023, "relative_strength": 28.499575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.172826, "energy": 66.958829, "activity_lines": [ 13.833333, 13.12, 12.30881, 11.928473 ] }, { "date": "2024-10-11", "close": 13.95, "volume": 193348, "typical_volume": 148632.1, "trend": 11.599333, "fair_value": 8.183119, "relative_strength": 29.900543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.491831, "energy": 64.176364, "activity_lines": [ 13.96, 13.360909, 12.520476, 12.091247 ] }, { "date": "2024-10-18", "close": 12.8, "volume": 256482, "typical_volume": 155800.05, "trend": 11.696667, "fair_value": 8.218637, "relative_strength": 18.462148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.486184, "energy": 40.1643, "activity_lines": [ 13.626667, 13.348182, 12.612381, 12.16871 ] }, { "date": "2024-10-25", "close": 13.4, "volume": 247842, "typical_volume": 161626.2, "trend": 11.793333, "fair_value": 8.258001, "relative_strength": 23.456732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.411898, "energy": 30.545724, "activity_lines": [ 13.49, 13.44, 12.752857, 12.278602 ] }, { "date": "2024-11-01", "close": 13.4, "volume": 153160, "typical_volume": 164428.2, "trend": 11.906667, "fair_value": 8.297365, "relative_strength": 24.583178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.879701, "energy": 23.04568, "activity_lines": [ 13.38, 13.488182, 12.878333, 12.382258 ] }, { "date": "2024-11-08", "close": 13.45, "volume": 135964, "typical_volume": 169344.3, "trend": 11.958333, "fair_value": 8.337049, "relative_strength": 24.403861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.585366, "energy": 19.127966, "activity_lines": [ 13.373333, 13.510909, 12.991429, 12.481828 ] }, { "date": "2024-11-15", "close": 13.3, "volume": 148797, "typical_volume": 171970.3, "trend": 12.008333, "fair_value": 8.375772, "relative_strength": 24.562321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.291971, "energy": 19.747348, "activity_lines": [ 13.34, 13.477273, 13.074048, 12.568387 ] }, { "date": "2024-11-22", "close": 13.0, "volume": 96849, "typical_volume": 173950.65, "trend": 12.071667, "fair_value": 8.412572, "relative_strength": 20.763194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.408056, "energy": 17.049612, "activity_lines": [ 13.25, 13.38, 13.11381, 12.632366 ] }, { "date": "2024-11-29", "close": 12.8, "volume": 68338, "typical_volume": 173756.5, "trend": 12.108333, "fair_value": 8.44809, "relative_strength": 18.20518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.737868, "energy": 13.365377, "activity_lines": [ 13.08, 13.241818, 13.122619, 12.679355 ] }, { "date": "2024-12-06", "close": 12.55, "volume": 88772, "typical_volume": 171141.9, "trend": 12.151667, "fair_value": 8.482005, "relative_strength": 10.912927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.517438, "energy": 9.997673, "activity_lines": [ 12.866667, 13.076364, 13.102381, 12.707849 ] }, { "date": "2024-12-13", "close": 12.95, "volume": 104404, "typical_volume": 172651.0, "trend": 12.205, "fair_value": 8.518484, "relative_strength": 16.277498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.768432, "energy": 11.257995, "activity_lines": [ 12.843333, 13.022727, 13.113571, 12.759355 ] }, { "date": "2024-12-20", "close": 12.65, "volume": 98762, "typical_volume": 173113.3, "trend": 12.233333, "fair_value": 8.553041, "relative_strength": 16.517361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.092273, "energy": 10.144627, "activity_lines": [ 12.753333, 12.93, 13.090476, 12.788065 ] }, { "date": "2024-12-27", "close": 12.25, "volume": 27890, "typical_volume": 165377.6, "trend": 12.275, "fair_value": 8.585033, "relative_strength": 11.444995, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.582858, "energy": 9.502672, "activity_lines": [ 12.573333, 12.788182, 13.02381, 12.78914 ] }, { "date": "2025-01-03", "close": 12.35, "volume": 263296, "typical_volume": 172377.8, "trend": 12.345, "fair_value": 8.617666, "relative_strength": 10.798653, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.223798, "energy": 13.684544, "activity_lines": [ 12.476667, 12.674545, 12.968095, 12.793978 ] }, { "date": "2025-01-10", "close": 12.1, "volume": 71653, "typical_volume": 170987.7, "trend": 12.421667, "fair_value": 8.648697, "relative_strength": 7.414716, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.846378, "energy": 25.633438, "activity_lines": [ 12.326667, 12.534545, 12.882143, 12.778172 ] }, { "date": "2025-01-17", "close": 12.25, "volume": 111482, "typical_volume": 172136.95, "trend": 12.495, "fair_value": 8.680689, "relative_strength": 4.303678, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.240177, "energy": 24.754932, "activity_lines": [ 12.256667, 12.445455, 12.807619, 12.767097 ] }, { "date": "2025-01-24", "close": 12.15, "volume": 50383, "typical_volume": 155971.35, "trend": 12.556667, "fair_value": 8.71204, "relative_strength": 0.989002, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.787528, "energy": 25.785007, "activity_lines": [ 12.2, 12.36, 12.721667, 12.744839 ] }, { "date": "2025-01-31", "close": 12.9, "volume": 166076, "typical_volume": 144163.35, "trend": 12.636667, "fair_value": 8.748199, "relative_strength": 6.602852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.8307, "energy": 12.245792, "activity_lines": [ 12.426667, 12.431818, 12.710238, 12.766989 ] }, { "date": "2025-02-07", "close": 13.25, "volume": 249486, "typical_volume": 145481.45, "trend": 12.688333, "fair_value": 8.786601, "relative_strength": 10.051646, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.684018, "energy": 5.11131, "activity_lines": [ 12.726667, 12.569091, 12.731429, 12.806559 ] }, { "date": "2025-02-14", "close": 12.75, "volume": 87804, "typical_volume": 137538.5, "trend": 12.741667, "fair_value": 8.821798, "relative_strength": 2.29695, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.302349, "energy": 5.24352, "activity_lines": [ 12.8, 12.607273, 12.707619, 12.810538 ] }, { "date": "2025-02-21", "close": 12.55, "volume": 215530, "typical_volume": 141815.9, "trend": 12.768333, "fair_value": 8.855714, "relative_strength": -0.143551, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.840782, "energy": 6.217383, "activity_lines": [ 12.763333, 12.605455, 12.674048, 12.798172 ] }, { "date": "2025-02-28", "close": 12.5, "volume": 168078, "typical_volume": 140552.4, "trend": 12.801667, "fair_value": 8.889308, "relative_strength": -1.14879, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.01238, "energy": 13.783816, "activity_lines": [ 12.69, 12.601818, 12.641667, 12.78086 ] }, { "date": "2025-03-07", "close": 12.45, "volume": 111734, "typical_volume": 133315.0, "trend": 12.798333, "fair_value": 8.922583, "relative_strength": -2.252048, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.682755, "energy": 17.392004, "activity_lines": [ 12.576667, 12.591818, 12.611429, 12.758172 ] }, { "date": "2025-03-14", "close": 12.2, "volume": 183758, "typical_volume": 130110.8, "trend": 12.838333, "fair_value": 8.954254, "relative_strength": -2.975517, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.325055, "energy": 24.529385, "activity_lines": [ 12.41, 12.532727, 12.559048, 12.71957 ] }, { "date": "2025-03-21", "close": 12.4, "volume": 164061, "typical_volume": 130655.85, "trend": 12.868333, "fair_value": 8.987208, "relative_strength": 0.267295, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.114897, "energy": 24.100028, "activity_lines": [ 12.38, 12.512727, 12.531429, 12.69129 ] }, { "date": "2025-03-28", "close": 12.05, "volume": 108029, "typical_volume": 129259.1, "trend": 12.875, "fair_value": 9.017918, "relative_strength": 0.525099, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.847614, "energy": 29.92369, "activity_lines": [ 12.256667, 12.423636, 12.475238, 12.638495 ] }, { "date": "2025-04-04", "close": 11.7, "volume": 207290, "typical_volume": 132183.75, "trend": 12.838333, "fair_value": 9.046384, "relative_strength": 8.010666, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.421724, "energy": 37.904409, "activity_lines": [ 12.05, 12.274545, 12.392381, 12.562688 ] }, { "date": "2025-04-11", "close": 11.95, "volume": 216656, "typical_volume": 138174.1, "trend": 12.811667, "fair_value": 9.076454, "relative_strength": 10.561025, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.056458, "energy": 32.315626, "activity_lines": [ 11.98, 12.179091, 12.340952, 12.505376 ] }, { "date": "2025-04-18", "close": 12.5, "volume": 132243, "typical_volume": 141369.35, "trend": 12.768333, "fair_value": 9.110048, "relative_strength": 11.554182, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.429902, "energy": 25.322352, "activity_lines": [ 12.126667, 12.200909, 12.346905, 12.485269 ] }, { "date": "2025-04-25", "close": 12.95, "volume": 141546, "typical_volume": 144008.05, "trend": 12.71, "fair_value": 9.146528, "relative_strength": 11.720749, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.249251, "energy": 9.874493, "activity_lines": [ 12.403333, 12.318182, 12.397143, 12.496989 ] }, { "date": "2025-05-02", "close": 12.55, "volume": 118129, "typical_volume": 144694.3, "trend": 12.668333, "fair_value": 9.180443, "relative_strength": 6.49581, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.151974, "energy": 12.491076, "activity_lines": [ 12.51, 12.359091, 12.407381, 12.486667 ] }, { "date": "2025-05-09", "close": 12.4, "volume": 129723, "typical_volume": 146242.35, "trend": 12.616667, "fair_value": 9.213396, "relative_strength": 5.474417, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.031722, "energy": 14.257442, "activity_lines": [ 12.533333, 12.372727, 12.405238, 12.469355 ] }, { "date": "2025-05-16", "close": 11.95, "volume": 76937, "typical_volume": 148694.7, "trend": 12.588333, "fair_value": 9.243466, "relative_strength": -2.283147, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.035718, "energy": 14.411602, "activity_lines": [ 12.36, 12.306364, 12.361429, 12.426344 ] }, { "date": "2025-05-23", "close": 11.95, "volume": 95314, "typical_volume": 140295.6, "trend": 12.54, "fair_value": 9.273535, "relative_strength": 0.128433, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.078321, "energy": 21.475534, "activity_lines": [ 12.186667, 12.249091, 12.319048, 12.385161 ] }, { "date": "2025-05-30", "close": 11.25, "volume": 154993, "typical_volume": 144462.6, "trend": 12.468333, "fair_value": 9.299117, "relative_strength": -6.46497, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.588242, "energy": 44.196083, "activity_lines": [ 11.816667, 12.069091, 12.211905, 12.301935 ] }, { "date": "2025-06-06", "close": 10.9, "volume": 155759, "typical_volume": 146676.45, "trend": 12.383333, "fair_value": 9.322455, "relative_strength": -10.439031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.779643, "energy": 56.78112, "activity_lines": [ 11.443333, 11.846364, 12.075476, 12.200753 ] }, { "date": "2025-06-13", "close": 10.5, "volume": 176726, "typical_volume": 152993.6, "trend": 12.29, "fair_value": 9.343229, "relative_strength": -11.710362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.671016, "energy": 69.079044, "activity_lines": [ 11.046667, 11.571818, 11.907381, 12.079247 ] }, { "date": "2025-06-20", "close": 11.0, "volume": 127319, "typical_volume": 151055.75, "trend": 12.223333, "fair_value": 9.367208, "relative_strength": -7.252497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.996681, "energy": 66.622108, "activity_lines": [ 10.943333, 11.41, 11.794762, 11.996022 ] }, { "date": "2025-06-27", "close": 11.05, "volume": 99949, "typical_volume": 143578.9, "trend": 12.165, "fair_value": 9.391508, "relative_strength": -9.169747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.772284, "energy": 61.054709, "activity_lines": [ 10.92, 11.274545, 11.695952, 11.920323 ] }, { "date": "2025-07-04", "close": 10.95, "volume": 112838, "typical_volume": 144830.6, "trend": 12.111667, "fair_value": 9.415167, "relative_strength": -10.308779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.400965, "energy": 51.649535, "activity_lines": [ 10.923333, 11.147273, 11.598095, 11.841935 ] }, { "date": "2025-07-11", "close": 11.1, "volume": 136543, "typical_volume": 140881.25, "trend": 12.05, "fair_value": 9.439787, "relative_strength": -10.211242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.057617, "energy": 35.727652, "activity_lines": [ 10.996667, 11.083636, 11.523095, 11.776667 ] }, { "date": "2025-07-18", "close": 11.5, "volume": 124606, "typical_volume": 138707.65, "trend": 12.011667, "fair_value": 9.466972, "relative_strength": -7.101414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.569455, "energy": 24.200891, "activity_lines": [ 11.19, 11.119091, 11.493095, 11.741183 ] }, { "date": "2025-07-25", "close": 11.95, "volume": 150390, "typical_volume": 140640.45, "trend": 12.001667, "fair_value": 9.497041, "relative_strength": -5.68513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.468411, "energy": 14.534218, "activity_lines": [ 11.466667, 11.252727, 11.510714, 11.737204 ] }, { "date": "2025-08-01", "close": 11.7, "volume": 152652, "typical_volume": 139085.15, "trend": 11.98, "fair_value": 9.525507, "relative_strength": -4.991076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.919189, "energy": 18.062879, "activity_lines": [ 11.596667, 11.340909, 11.506905, 11.717742 ] }, { "date": "2025-08-08", "close": 12.85, "volume": 590666, "typical_volume": 160415.4, "trend": 12.005, "fair_value": 9.561346, "relative_strength": 1.633244, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 25.424799, "energy": 23.062478, "activity_lines": [ 12.066667, 11.642727, 11.615, 11.773871 ] }, { "date": "2025-08-15", "close": 13.0, "volume": 486110, "typical_volume": 179319.45, "trend": 12.03, "fair_value": 9.598146, "relative_strength": 1.118576, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.934745, "energy": 28.467777, "activity_lines": [ 12.46, 11.942727, 11.735238, 11.838065 ] }, { "date": "2025-08-22", "close": 14.5, "volume": 696523, "typical_volume": 203781.1, "trend": 12.108333, "fair_value": 9.644561, "relative_strength": 10.354295, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.609591, "energy": 56.108625, "activity_lines": [ 13.226667, 12.477273, 11.99381, 11.997419 ] }, { "date": "2025-08-29", "close": 14.4, "volume": 316056, "typical_volume": 208751.1, "trend": 12.158333, "fair_value": 9.690335, "relative_strength": 11.845124, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.367397, "energy": 67.340433, "activity_lines": [ 13.76, 12.920909, 12.229524, 12.145269 ] }, { "date": "2025-09-05", "close": 15.45, "volume": 659171, "typical_volume": 235097.5, "trend": 12.231667, "fair_value": 9.74284, "relative_strength": 19.618018, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.053622, "energy": 81.738715, "activity_lines": [ 14.48, 13.493636, 12.553571, 12.357634 ] }, { "date": "2025-09-12", "close": 13.85, "volume": 582057, "typical_volume": 257123.05, "trend": 12.268333, "fair_value": 9.785088, "relative_strength": 6.791014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.712945, "energy": 70.415191, "activity_lines": [ 14.416667, 13.695455, 12.71119, 12.462043 ] }, { "date": "2025-09-19", "close": 13.5, "volume": 444306, "typical_volume": 273431.9, "trend": 12.3, "fair_value": 9.825093, "relative_strength": 3.758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.595052, "energy": 48.252579, "activity_lines": [ 14.17, 13.780909, 12.83119, 12.541505 ] }, { "date": "2025-09-26", "close": 14.45, "volume": 744227, "typical_volume": 304157.1, "trend": 12.365, "fair_value": 9.871188, "relative_strength": 11.180074, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.325987, "energy": 41.859642, "activity_lines": [ 14.206667, 13.995455, 13.037143, 12.680215 ] }, { "date": "2025-10-03", "close": 13.8, "volume": 454019, "typical_volume": 323011.2, "trend": 12.41, "fair_value": 9.913116, "relative_strength": 2.99498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.657951, "energy": 26.346515, "activity_lines": [ 14.03, 14.038182, 13.171429, 12.772796 ] }, { "date": "2025-10-10", "close": 13.7, "volume": 545362, "typical_volume": 345513.6, "trend": 12.46, "fair_value": 9.954403, "relative_strength": 3.192325, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.31767, "energy": 23.06898, "activity_lines": [ 13.86, 14.029091, 13.287381, 12.856022 ] }, { "date": "2025-10-17", "close": 13.95, "volume": 475698, "typical_volume": 361548.85, "trend": 12.511667, "fair_value": 9.997293, "relative_strength": 5.217722, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.511312, "energy": 22.643104, "activity_lines": [ 13.89, 14.029091, 13.41881, 12.952151 ] }, { "date": "2025-10-24", "close": 13.4, "volume": 391240, "typical_volume": 373322.9, "trend": 12.556667, "fair_value": 10.036657, "relative_strength": -1.892265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.126311, "energy": 17.160199, "activity_lines": [ 13.73, 13.909091, 13.485, 13.009462 ] }, { "date": "2025-10-31", "close": 12.55, "volume": 216684, "typical_volume": 375320.8, "trend": 12.585, "fair_value": 10.070572, "relative_strength": -7.200811, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.116453, "energy": 13.14832, "activity_lines": [ 13.293333, 13.627273, 13.458333, 13.009032 ] }, { "date": "2025-11-07", "close": 11.0, "volume": 432586, "typical_volume": 390584.15, "trend": 12.553333, "fair_value": 10.094551, "relative_strength": -17.250344, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.363955, "energy": 23.627702, "activity_lines": [ 12.466667, 13.099091, 13.274286, 12.906774 ] }, { "date": "2025-11-14", "close": 11.05, "volume": 410130, "typical_volume": 406093.2, "trend": 12.505, "fair_value": 10.108846, "relative_strength": -17.175314, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.144104, "energy": 37.465771, "activity_lines": [ 11.843333, 12.641818, 13.095, 12.809785 ] }, { "date": "2025-11-21", "close": 11.15, "volume": 229358, "typical_volume": 411919.2, "trend": 12.445, "fair_value": 10.13609, "relative_strength": -14.282803, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.91618, "energy": 52.201191, "activity_lines": [ 11.43, 12.282727, 12.925238, 12.722366 ] }, { "date": "2025-11-28", "close": 11.4, "volume": 235402, "typical_volume": 416862.15, "trend": 12.406667, "fair_value": 10.164295, "relative_strength": -14.79969, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.886646, "energy": 52.314286, "activity_lines": [ 11.286667, 12.018182, 12.778333, 12.654946 ] }, { "date": "2025-12-05", "close": 11.2, "volume": 168750, "typical_volume": 419069.35, "trend": 12.366667, "fair_value": 10.195449, "relative_strength": -17.166706, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.634085, "energy": 50.888958, "activity_lines": [ 11.21, 11.755455, 12.610952, 12.577097 ] }, { "date": "2025-12-12", "close": 10.7, "volume": 184317, "typical_volume": 420765.7, "trend": 12.325, "fair_value": 10.223526, "relative_strength": -20.2994, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.672658, "energy": 53.759754, "activity_lines": [ 11.056667, 11.460909, 12.397381, 12.46957 ] }, { "date": "2025-12-19", "close": 10.9, "volume": 203100, "typical_volume": 423288.1, "trend": 12.29, "fair_value": 10.25891, "relative_strength": -18.970961, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.996931, "energy": 43.635118, "activity_lines": [ 10.99, 11.259091, 12.20881, 12.377634 ] }, { "date": "2025-12-26", "close": 12.1, "volume": 148860, "typical_volume": 401197.8, "trend": 12.318333, "fair_value": 10.303141, "relative_strength": -10.051581, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.546485, "energy": 24.360917, "activity_lines": [ 11.333333, 11.326364, 12.138333, 12.365376 ] }, { "date": "2026-01-02", "close": 12.05, "volume": 226646, "typical_volume": 388224.6, "trend": 12.356667, "fair_value": 10.346667, "relative_strength": -11.155205, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -42.301358, "energy": 26.434183, "activity_lines": [ 11.596667, 11.418182, 12.066667, 12.348065 ] }, { "date": "2026-01-09", "close": 12.95, "volume": 247630, "typical_volume": 365779.95, "trend": 12.438333, "fair_value": 10.395577, "relative_strength": -7.350929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.796512, "energy": 18.021724, "activity_lines": [ 12.116667, 11.698182, 12.085238, 12.386344 ] }, { "date": "2026-01-16", "close": 12.55, "volume": 408873, "typical_volume": 370420.8, "trend": 12.49, "fair_value": 10.441795, "relative_strength": -11.919473, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.709963, "energy": 22.011322, "activity_lines": [ 12.386667, 11.898182, 12.073095, 12.393548 ] }, { "date": "2026-01-23", "close": 13.75, "volume": 1501827, "typical_volume": 412553.6, "trend": 12.58, "fair_value": 10.495449, "relative_strength": -2.686766, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 28.662764, "energy": 30.206436, "activity_lines": [ 12.933333, 12.288182, 12.184048, 12.474839 ] }, { "date": "2026-01-30", "close": 15.3, "volume": 1758085, "typical_volume": 471355.0, "trend": 12.725, "fair_value": 10.559038, "relative_strength": 7.720823, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.413616, "energy": 50.71368, "activity_lines": [ 13.806667, 12.910909, 12.450714, 12.650323 ] }, { "date": "2026-02-06", "close": 13.25, "volume": 1439268, "typical_volume": 521103.1, "trend": 12.796667, "fair_value": 10.610128, "relative_strength": -9.231351, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.896002, "energy": 42.400202, "activity_lines": [ 13.783333, 13.085455, 12.515238, 12.684194 ] }, { "date": "2026-02-13", "close": 12.5, "volume": 375821, "typical_volume": 502682.8, "trend": 12.83, "fair_value": 10.657308, "relative_strength": -14.10805, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.923888, "energy": 34.177509, "activity_lines": [ 13.43, 13.09, 12.509524, 12.665054 ] }, { "date": "2026-02-20", "close": 12.3, "volume": 328119, "typical_volume": 496387.8, "trend": 12.841667, "fair_value": 10.702179, "relative_strength": -16.841887, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 6.729633, "energy": 12.007025, "activity_lines": [ 13.04, 13.034545, 12.494048, 12.63086 ] }, { "date": "2026-02-27", "close": 13.7, "volume": 403626, "typical_volume": 489301.0, "trend": 12.908333, "fair_value": 10.757564, "relative_strength": -8.464753, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.231095, "energy": 6.034133, "activity_lines": [ 13.133333, 13.204545, 12.619048, 12.686237 ] }, { "date": "2026-03-06", "close": 12.85, "volume": 433161, "typical_volume": 487174.15, "trend": 12.908333, "fair_value": 10.807115, "relative_strength": -8.813616, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.211414, "energy": 7.694688, "activity_lines": [ 12.946667, 13.169091, 12.663095, 12.682473 ] }, { "date": "2026-03-13", "close": 12.15, "volume": 211996, "typical_volume": 478211.95, "trend": 12.88, "fair_value": 10.847821, "relative_strength": -13.025861, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.043037, "energy": 8.420473, "activity_lines": [ 12.69, 12.992727, 12.645714, 12.633548 ] }, { "date": "2026-03-20", "close": 11.8, "volume": 253715, "typical_volume": 480063.5, "trend": 12.79, "fair_value": 10.884487, "relative_strength": -10.768213, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.305109, "energy": 17.176192, "activity_lines": [ 12.39, 12.750909, 12.600952, 12.563871 ] }, { "date": "2026-03-27", "close": 11.95, "volume": 233653, "typical_volume": 470116.85, "trend": 12.708333, "fair_value": 10.922115, "relative_strength": -9.395785, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.779177, "energy": 23.606198, "activity_lines": [ 12.186667, 12.557273, 12.574048, 12.509677 ] }, { "date": "2026-04-03", "close": 12.35, "volume": 104174, "typical_volume": 454819.05, "trend": 12.605, "fair_value": 10.960256, "relative_strength": -9.215699, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.86342, "energy": 22.514218, "activity_lines": [ 12.14, 12.447273, 12.580714, 12.486559 ] }, { "date": "2026-04-10", "close": 13.48, "volume": 512294, "typical_volume": 468965.85, "trend": 12.592667, "fair_value": 11.005897, "relative_strength": -5.141314, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.147581, "energy": 4.350218, "activity_lines": [ 12.56, 12.568182, 12.68881, 12.543011 ] }, { "date": "2026-04-17", "close": 13.34, "volume": 174399, "typical_volume": 465915.7, "trend": 12.587333, "fair_value": 11.05359, "relative_strength": -7.824998, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.435595, "energy": 16.423571, "activity_lines": [ 12.891333, 12.696727, 12.772476, 12.591226 ] }, { "date": "2026-04-24", "close": 12.74, "volume": 235411, "typical_volume": 469248.75, "trend": 12.530333, "fair_value": 11.094872, "relative_strength": -9.198735, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.15582, "energy": 18.33585, "activity_lines": [ 12.943333, 12.714545, 12.789762, 12.601075 ] }, { "date": "2026-05-01", "close": 12.2, "volume": 135888, "typical_volume": 466827.3, "trend": 12.477, "fair_value": 11.134615, "relative_strength": -11.476558, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.642953, "energy": 14.847363, "activity_lines": [ 12.752667, 12.629818, 12.748286, 12.579763 ] }, { "date": "2026-05-08", "close": 12.96, "volume": 284827, "typical_volume": 470913.65, "trend": 12.452333, "fair_value": 11.18, "relative_strength": -6.025939, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.941886, "energy": 19.482158, "activity_lines": [ 12.798667, 12.685091, 12.772048, 12.610925 ] }, { "date": "2026-05-15", "close": 11.9, "volume": 179184, "typical_volume": 472429.85, "trend": 12.384, "fair_value": 11.217436, "relative_strength": -12.36123, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.35099, "energy": 8.151483, "activity_lines": [ 12.450667, 12.561091, 12.685048, 12.57529 ] }, { "date": "2026-05-22", "close": 12.4, "volume": 178289, "typical_volume": 470012.0, "trend": 12.350667, "fair_value": 11.258205, "relative_strength": -11.528775, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.137558, "energy": 12.575032, "activity_lines": [ 12.374667, 12.545273, 12.646619, 12.576323 ] }, { "date": "2026-05-29", "close": 12.5, "volume": 160384, "typical_volume": 465649.7, "trend": 12.349, "fair_value": 11.300385, "relative_strength": -10.384166, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.776777, "energy": 13.080127, "activity_lines": [ 12.394667, 12.543091, 12.616048, 12.585957 ] }, { "date": "2026-06-05", "close": 12.12, "volume": 20465, "typical_volume": 446229.3, "trend": 12.386333, "fair_value": 11.335513, "relative_strength": -12.339233, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.473564, "energy": 21.894468, "activity_lines": [ 12.304, 12.459091, 12.551429, 12.571183 ] }, { "date": "2026-06-12", "close": 11.92, "volume": 20301, "typical_volume": 372153.0, "trend": 12.415333, "fair_value": 11.368462, "relative_strength": -13.542315, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.687424, "energy": 26.267091, "activity_lines": [ 12.152, 12.335636, 12.46981, 12.541097 ] }, { "date": "2026-06-19", "close": 12.3, "volume": 161368, "typical_volume": 292317.15, "trend": 12.453667, "fair_value": 11.402179, "relative_strength": -12.374386, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.944496, "energy": 20.833851, "activity_lines": [ 12.196, 12.289091, 12.433095, 12.533656 ] }, { "date": "2026-06-26", "close": 12.44, "volume": 21170, "typical_volume": 221412.25, "trend": 12.488333, "fair_value": 11.437436, "relative_strength": -10.49093, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.44217, "energy": 19.863551, "activity_lines": [ 12.26, 12.289455, 12.424, 12.532774 ] }, { "date": "2026-07-03", "close": 12.38, "volume": 24162, "typical_volume": 203829.3, "trend": 12.527667, "fair_value": 11.469744, "relative_strength": -13.280728, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.951889, "energy": 19.01775, "activity_lines": [ 12.301333, 12.295273, 12.413048, 12.525785 ] }, { "date": "2026-07-10", "close": 11.9, "volume": 87455, "typical_volume": 191796.1, "trend": 12.567667, "fair_value": 11.495256, "relative_strength": -14.596161, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.933442, "energy": 26.566715, "activity_lines": [ 12.190667, 12.220364, 12.356952, 12.48529 ] }, { "date": "2026-07-17", "close": 11.6, "volume": 111491, "typical_volume": 177189.35, "trend": 12.591, "fair_value": 11.512949, "relative_strength": -15.626375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.079804, "energy": 42.443455, "activity_lines": [ 11.994667, 12.096364, 12.27419, 12.42286 ] }, { "date": "2026-07-24", "close": 11.6, "volume": 95145, "typical_volume": 160288.55, "trend": 12.574333, "fair_value": 11.517115, "relative_strength": -16.66354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.682874, "energy": 53.429748, "activity_lines": [ 11.82, 11.997091, 12.201429, 12.358925 ] }, { "date": "2026-07-31", "close": 12.1, "volume": 148956, "typical_volume": 157136.55, "trend": 12.576, "fair_value": 11.527372, "relative_strength": -13.99893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.053072, "energy": 49.380938, "activity_lines": [ 11.858667, 11.994182, 12.182238, 12.328323 ] }, { "date": "2026-08-07", "close": 11.98, "volume": 119840, "typical_volume": 150442.8, "trend": 12.543667, "fair_value": 11.542244, "relative_strength": -16.041754, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.023862, "energy": 41.770958, "activity_lines": [ 11.88, 11.974909, 12.151857, 12.289871 ] } ], "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." } } }