{ "ticker": { "uuid": "7b334e11-79b3-4d70-adcc-95f4a42c41b7", "symbol": "RGNX", "name": "Regenxbio Inc", "exchange": "NASDAQ", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 83.684, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 13.385, "architecture_energy": 9.762, "architecture_maturity": 42.151, "architecture_confidence": 43.55, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 62.92, "rotation_up": 30.62, "upward_expansion": 35.25, "deceleration": 64.26, "rotation_down": 30.99, "downward_expansion": 19.25 }, "activity_lines": [ 10.352, 10.478182, 9.493619, 9.231742 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 10.72, "trend_reference": 9.325333, "distance_from_trend": 0.149557, "trend_direction": "Weakening", "fair_value": 11.878077, "distance_from_fair_value": -0.097497, "fair_value_direction": "Improving", "relative_strength": -9.262621, "relative_strength_direction": "Improving", "price_momentum": 0.037754, "excess_performance": -0.1497, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.149557, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.107139, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.097497, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.072741, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.092626, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045594, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.037754, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.588713, "read": "Demand-led" } ], "volume": { "latest": 6458878, "relative_activity": 0.791648, "balance": 1.588713, "dry_up": 1.066164, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.230795, "annualized_volatility": 1.305875, "from_high_reference": -0.337863, "from_low_reference": 0.96517 }, "levels": { "trend_reference": 9.325333, "fair_value_reference": 11.878077, "structural_low": 5.455, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.058122, "positive_rate": 0.266667, "directional_follow_through": 0.266667, "median_excess_return": -0.101026, "regime_survival": 0.466667, "best_return": 0.067938, "worst_return": -0.298738, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.167183, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.15643, "regime_survival": 0.125, "best_return": 0.559219, "worst_return": -0.222253, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.217591, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.249182, "regime_survival": 0.333333, "best_return": 0.227885, "worst_return": -0.294637, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.336135, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.60791, "regime_survival": 0.25, "best_return": -0.123077, "worst_return": -0.462436, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2023-12-29", "tenure": "Developing", "return": -0.087443, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-05", "end": "2024-01-19", "tenure": "New", "return": -0.166565, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-26", "end": "2024-03-01", "tenure": "Developing", "return": 0.665881, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-05-10", "tenure": "Developing", "return": -0.321319, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-17", "end": "2024-05-24", "tenure": "New", "return": -0.066917, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-31", "end": "2025-04-25", "tenure": "Extended", "return": -0.362369, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": -0.145192, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": -0.131823, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-09-05", "tenure": "Developing", "return": 0.15733, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-02-13", "tenure": "Established", "return": -0.131522, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.004914, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-06-26", "tenure": "Established", "return": 0.350515, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.270331, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.65, "volume": 1566161, "typical_volume": 1851009.35, "trend": 19.893, "fair_value": 29.450673, "relative_strength": -30.804075, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.443083, "energy": 47.361222, "activity_lines": [ 17.922667, 18.369455, 18.811429, 19.139634 ] }, { "date": "2023-08-25", "close": 18.15, "volume": 1518984, "typical_volume": 1833788.3, "trend": 19.727, "fair_value": 29.375545, "relative_strength": -28.99216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.252876, "energy": 46.238778, "activity_lines": [ 17.950667, 18.261636, 18.732571, 19.027183 ] }, { "date": "2023-09-01", "close": 18.13, "volume": 1440123, "typical_volume": 1795864.7, "trend": 19.539667, "fair_value": 29.309647, "relative_strength": -30.611333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.532164, "energy": 35.923741, "activity_lines": [ 17.98, 18.181636, 18.653333, 18.924151 ] }, { "date": "2023-09-08", "close": 17.23, "volume": 1174496, "typical_volume": 1786170.0, "trend": 19.346667, "fair_value": 29.246955, "relative_strength": -32.257227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.826812, "energy": 39.752499, "activity_lines": [ 17.754667, 17.952, 18.492333, 18.77514 ] }, { "date": "2023-09-15", "close": 17.78, "volume": 2353237, "typical_volume": 1824690.75, "trend": 19.2, "fair_value": 29.168942, "relative_strength": -28.910217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.827025, "energy": 30.098499, "activity_lines": [ 17.744, 17.872545, 18.392476, 18.674065 ] }, { "date": "2023-09-22", "close": 17.11, "volume": 1426593, "typical_volume": 1774257.0, "trend": 19.06, "fair_value": 29.100096, "relative_strength": -28.498842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.958724, "energy": 38.445137, "activity_lines": [ 17.518, 17.702, 18.236333, 18.539226 ] }, { "date": "2023-09-29", "close": 16.46, "volume": 2129385, "typical_volume": 1794811.85, "trend": 18.795667, "fair_value": 29.035609, "relative_strength": -30.207793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.964071, "energy": 54.816307, "activity_lines": [ 17.111333, 17.445091, 18.026714, 18.371484 ] }, { "date": "2023-10-06", "close": 15.89, "volume": 2627348, "typical_volume": 1785999.7, "trend": 18.638667, "fair_value": 28.949776, "relative_strength": -33.028227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.044629, "energy": 62.549258, "activity_lines": [ 16.627333, 17.117455, 17.776476, 18.184022 ] }, { "date": "2023-10-13", "close": 16.09, "volume": 1620230, "typical_volume": 1776149.4, "trend": 18.504, "fair_value": 28.868686, "relative_strength": -31.435019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.666444, "energy": 65.574176, "activity_lines": [ 16.359333, 16.879273, 17.565048, 18.019591 ] }, { "date": "2023-10-20", "close": 16.16, "volume": 1952505, "typical_volume": 1766767.25, "trend": 18.382333, "fair_value": 28.787276, "relative_strength": -28.215617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.31547, "energy": 64.839232, "activity_lines": [ 16.190667, 16.683091, 17.370333, 17.868366 ] }, { "date": "2023-10-27", "close": 14.38, "volume": 1735841, "typical_volume": 1776392.55, "trend": 18.231333, "fair_value": 28.695096, "relative_strength": -33.520989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.574594, "energy": 75.805733, "activity_lines": [ 15.536667, 16.194909, 17.023048, 17.610151 ] }, { "date": "2023-11-03", "close": 15.33, "volume": 3122684, "typical_volume": 1786022.15, "trend": 18.126667, "fair_value": 28.600994, "relative_strength": -32.678309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.013051, "energy": 64.291758, "activity_lines": [ 15.381333, 15.938909, 16.793476, 17.422968 ] }, { "date": "2023-11-10", "close": 17.84, "volume": 3592483, "typical_volume": 1884375.85, "trend": 18.089333, "fair_value": 28.494006, "relative_strength": -23.112613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.632055, "energy": 33.74192, "activity_lines": [ 16.138, 16.190545, 16.824619, 17.404473 ] }, { "date": "2023-11-17", "close": 19.49, "volume": 3535565, "typical_volume": 1959274.2, "trend": 18.103333, "fair_value": 28.385288, "relative_strength": -16.982362, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.888961, "energy": 9.040521, "activity_lines": [ 17.314667, 16.747455, 17.017952, 17.494839 ] }, { "date": "2023-11-24", "close": 19.5, "volume": 1343199, "typical_volume": 1973694.55, "trend": 18.108, "fair_value": 28.272788, "relative_strength": -16.910489, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.339508, "energy": 29.463362, "activity_lines": [ 18.268, 17.265091, 17.214619, 17.584946 ] }, { "date": "2023-12-01", "close": 19.67, "volume": 2027729, "typical_volume": 1965428.9, "trend": 18.134333, "fair_value": 28.156186, "relative_strength": -15.38604, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.429763, "energy": 38.19818, "activity_lines": [ 19.055333, 17.782364, 17.427333, 17.68572 ] }, { "date": "2023-12-08", "close": 19.58, "volume": 1605123, "typical_volume": 1989687.6, "trend": 18.142667, "fair_value": 28.025545, "relative_strength": -15.495669, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.322547, "energy": 49.089276, "activity_lines": [ 19.46, 18.236727, 17.627619, 17.778989 ] }, { "date": "2023-12-15", "close": 19.96, "volume": 2895622, "typical_volume": 2074111.0, "trend": 18.14, "fair_value": 27.865481, "relative_strength": -15.666341, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.887355, "energy": 53.400239, "activity_lines": [ 19.708, 18.703455, 17.857857, 17.896237 ] }, { "date": "2023-12-22", "close": 18.62, "volume": 2946816, "typical_volume": 2105876.9, "trend": 18.154, "fair_value": 27.672532, "relative_strength": -21.078564, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.986308, "energy": 35.79659, "activity_lines": [ 19.368, 18.852545, 17.955, 17.927204 ] }, { "date": "2023-12-29", "close": 17.95, "volume": 1956676, "typical_volume": 2128540.0, "trend": 18.095, "fair_value": 27.496827, "relative_strength": -23.09717, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.820524, "energy": 19.232956, "activity_lines": [ 18.862667, 18.833818, 17.983952, 17.914043 ] }, { "date": "2024-01-05", "close": 16.45, "volume": 2701984, "typical_volume": 2185331.15, "trend": 17.973333, "fair_value": 27.30125, "relative_strength": -26.155636, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.753726, "energy": 10.588773, "activity_lines": [ 17.960667, 18.509818, 17.86981, 17.807914 ] }, { "date": "2024-01-12", "close": 15.13, "volume": 4253394, "typical_volume": 2322051.65, "trend": 17.815, "fair_value": 27.088365, "relative_strength": -33.034906, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.872128, "energy": 26.967235, "activity_lines": [ 16.833333, 17.908182, 17.635667, 17.624473 ] }, { "date": "2024-01-19", "close": 13.71, "volume": 2114337, "typical_volume": 2355762.35, "trend": 17.642, "fair_value": 26.898814, "relative_strength": -39.960537, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.437758, "energy": 55.008778, "activity_lines": [ 15.529333, 17.052, 17.280667, 17.359634 ] }, { "date": "2024-01-26", "close": 12.72, "volume": 1768155, "typical_volume": 2385445.3, "trend": 17.399667, "fair_value": 26.715417, "relative_strength": -43.670664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.651091, "energy": 77.362171, "activity_lines": [ 14.312, 16.090909, 16.852429, 17.042086 ] }, { "date": "2024-02-02", "close": 12.24, "volume": 3299785, "typical_volume": 2432772.7, "trend": 17.158667, "fair_value": 26.496891, "relative_strength": -45.477781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.459983, "energy": 83.300387, "activity_lines": [ 13.328, 15.165636, 16.399952, 16.709204 ] }, { "date": "2024-02-09", "close": 16.21, "volume": 5524039, "typical_volume": 2637645.0, "trend": 17.070333, "fair_value": 26.299776, "relative_strength": -28.057838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.765534, "energy": 67.703917, "activity_lines": [ 14.048, 15.094182, 16.351952, 16.648 ] }, { "date": "2024-02-16", "close": 18.83, "volume": 3887065, "typical_volume": 2725529.0, "trend": 17.089, "fair_value": 26.143429, "relative_strength": -14.19848, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.26204, "energy": 20.348536, "activity_lines": [ 15.657333, 15.562, 16.557762, 16.761527 ] }, { "date": "2024-02-23", "close": 17.41, "volume": 2072959, "typical_volume": 2697809.55, "trend": 17.042333, "fair_value": 25.992788, "relative_strength": -20.790842, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.200316, "energy": 15.98351, "activity_lines": [ 16.546667, 15.785273, 16.617048, 16.782237 ] }, { "date": "2024-03-01", "close": 21.19, "volume": 5408492, "typical_volume": 2887222.65, "trend": 17.158667, "fair_value": 25.87266, "relative_strength": -4.244936, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.540875, "energy": 30.441242, "activity_lines": [ 18.449333, 16.742182, 17.029095, 17.049828 ] }, { "date": "2024-03-08", "close": 22.75, "volume": 8669521, "typical_volume": 3223073.45, "trend": 17.320333, "fair_value": 25.757147, "relative_strength": 5.164776, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.54186, "energy": 51.841473, "activity_lines": [ 20.307333, 17.936, 17.565429, 17.410559 ] }, { "date": "2024-03-15", "close": 22.19, "volume": 4436449, "typical_volume": 3358103.85, "trend": 17.471667, "fair_value": 25.643045, "relative_strength": 4.402618, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.469174, "energy": 70.198871, "activity_lines": [ 21.278, 18.940727, 18.017048, 17.724731 ] }, { "date": "2024-03-22", "close": 21.78, "volume": 2904206, "typical_volume": 3347179.95, "trend": 17.592667, "fair_value": 25.561538, "relative_strength": 0.085277, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.83339, "energy": 71.259244, "activity_lines": [ 21.713333, 19.766545, 18.392429, 18.002688 ] }, { "date": "2024-03-29", "close": 21.07, "volume": 1696738, "typical_volume": 3252392.7, "trend": 17.690667, "fair_value": 25.476346, "relative_strength": -2.202975, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.95731, "energy": 63.940732, "activity_lines": [ 21.715333, 20.342364, 18.669476, 18.227032 ] }, { "date": "2024-04-05", "close": 19.17, "volume": 2691521, "typical_volume": 3210190.5, "trend": 17.755333, "fair_value": 25.373782, "relative_strength": -9.772603, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.941413, "energy": 37.069955, "activity_lines": [ 20.84, 20.438909, 18.75019, 18.322473 ] }, { "date": "2024-04-12", "close": 18.09, "volume": 2065754, "typical_volume": 3246318.25, "trend": 17.765667, "fair_value": 25.268526, "relative_strength": -13.787864, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.265907, "energy": 20.332084, "activity_lines": [ 19.739333, 20.221818, 18.729571, 18.344065 ] }, { "date": "2024-04-19", "close": 15.69, "volume": 2191020, "typical_volume": 3254482.8, "trend": 17.718333, "fair_value": 25.149872, "relative_strength": -20.235905, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.489892, "energy": 14.76323, "activity_lines": [ 18.149333, 19.462, 18.487095, 18.210151 ] }, { "date": "2024-04-26", "close": 16.19, "volume": 2132690, "typical_volume": 3280861.15, "trend": 17.709333, "fair_value": 25.031282, "relative_strength": -20.075778, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -8.712355, "energy": 21.293343, "activity_lines": [ 17.159333, 18.802545, 18.31119, 18.111548 ] }, { "date": "2024-05-03", "close": 16.83, "volume": 1770409, "typical_volume": 3224600.5, "trend": 17.740667, "fair_value": 24.906667, "relative_strength": -17.085241, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -5.073346, "energy": 20.147815, "activity_lines": [ 16.755333, 18.307455, 18.212381, 18.054817 ] }, { "date": "2024-05-10", "close": 15.44, "volume": 1872057, "typical_volume": 3170862.55, "trend": 17.719, "fair_value": 24.773974, "relative_strength": -24.286369, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -24.755871, "energy": 30.775538, "activity_lines": [ 16.170667, 17.570182, 17.996095, 17.906387 ] }, { "date": "2024-05-17", "close": 15.99, "volume": 1947693, "typical_volume": 3170413.4, "trend": 17.713333, "fair_value": 24.651346, "relative_strength": -22.479406, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.973866, "energy": 36.865624, "activity_lines": [ 16.018, 17.037455, 17.847333, 17.794839 ] }, { "date": "2024-05-24", "close": 14.92, "volume": 2011407, "typical_volume": 3135884.55, "trend": 17.731333, "fair_value": 24.520897, "relative_strength": -28.03815, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.1986, "energy": 50.532591, "activity_lines": [ 15.648667, 16.433091, 17.606, 17.614624 ] }, { "date": "2024-05-31", "close": 14.35, "volume": 1606585, "typical_volume": 3003544.1, "trend": 17.698667, "fair_value": 24.385192, "relative_strength": -28.947118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.023557, "energy": 61.812281, "activity_lines": [ 15.140667, 15.857273, 17.317667, 17.396473 ] }, { "date": "2024-06-07", "close": 14.08, "volume": 1644522, "typical_volume": 2980053.35, "trend": 17.573333, "fair_value": 24.23391, "relative_strength": -31.343026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.796446, "energy": 72.05972, "activity_lines": [ 14.665333, 15.367455, 17.007333, 17.163011 ] }, { "date": "2024-06-14", "close": 12.41, "volume": 3255517, "typical_volume": 3054421.45, "trend": 17.337333, "fair_value": 24.071538, "relative_strength": -40.803591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.856391, "energy": 82.473331, "activity_lines": [ 13.816667, 14.701091, 16.53619, 16.829892 ] }, { "date": "2024-06-21", "close": 12.02, "volume": 5428171, "typical_volume": 3160840.75, "trend": 17.088, "fair_value": 23.889103, "relative_strength": -42.085213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.208943, "energy": 85.59635, "activity_lines": [ 13.04, 14.086727, 16.029381, 16.486839 ] }, { "date": "2024-06-28", "close": 11.7, "volume": 4035918, "typical_volume": 3086434.7, "trend": 16.822333, "fair_value": 23.709359, "relative_strength": -42.828232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.021192, "energy": 85.956997, "activity_lines": [ 12.421333, 13.524545, 15.493143, 16.139226 ] }, { "date": "2024-07-05", "close": 10.9, "volume": 1783011, "typical_volume": 2981232.0, "trend": 16.533, "fair_value": 23.536538, "relative_strength": -47.826388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.970382, "energy": 90.319101, "activity_lines": [ 11.750667, 12.889455, 14.90219, 15.75714 ] }, { "date": "2024-07-12", "close": 12.77, "volume": 3407002, "typical_volume": 3047934.15, "trend": 16.293333, "fair_value": 23.385962, "relative_strength": -38.022444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.189811, "energy": 75.557924, "activity_lines": [ 11.933333, 12.690545, 14.527095, 15.514366 ] }, { "date": "2024-07-19", "close": 12.58, "volume": 2396545, "typical_volume": 2897336.8, "trend": 16.092, "fair_value": 23.242115, "relative_strength": -35.761475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.897602, "energy": 59.359009, "activity_lines": [ 12.14, 12.530909, 14.156, 15.274796 ] }, { "date": "2024-07-26", "close": 14.33, "volume": 2259819, "typical_volume": 2576851.7, "trend": 15.971333, "fair_value": 23.126795, "relative_strength": -24.23403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.412342, "energy": 40.357045, "activity_lines": [ 12.918667, 12.741455, 13.992571, 15.161118 ] }, { "date": "2024-08-02", "close": 13.04, "volume": 3764379, "typical_volume": 2543248.2, "trend": 15.857667, "fair_value": 23.009679, "relative_strength": -28.233153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.688479, "energy": 28.05051, "activity_lines": [ 13.113333, 12.747636, 13.746381, 14.972 ] }, { "date": "2024-08-09", "close": 11.68, "volume": 2636493, "typical_volume": 2529862.55, "trend": 15.742667, "fair_value": 22.883077, "relative_strength": -35.238889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.990656, "energy": 34.710707, "activity_lines": [ 12.765333, 12.540727, 13.414238, 14.702473 ] }, { "date": "2024-08-16", "close": 12.25, "volume": 1561012, "typical_volume": 2523076.25, "trend": 15.694, "fair_value": 22.771667, "relative_strength": -34.852949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.037215, "energy": 31.812794, "activity_lines": [ 12.555333, 12.486, 13.184476, 14.47714 ] }, { "date": "2024-08-23", "close": 12.13, "volume": 1670440, "typical_volume": 2472022.2, "trend": 15.674333, "fair_value": 22.644359, "relative_strength": -35.376271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.315148, "energy": 41.201064, "activity_lines": [ 12.34, 12.442727, 12.985286, 14.247204 ] }, { "date": "2024-08-30", "close": 12.22, "volume": 1537175, "typical_volume": 2445593.25, "trend": 15.673667, "fair_value": 22.498462, "relative_strength": -33.646564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.466687, "energy": 41.048328, "activity_lines": [ 12.184667, 12.420909, 12.82819, 14.024344 ] }, { "date": "2024-09-06", "close": 11.48, "volume": 2110543, "typical_volume": 2441569.4, "trend": 15.516, "fair_value": 22.36, "relative_strength": -33.135465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.068614, "energy": 42.1593, "activity_lines": [ 11.923333, 12.260909, 12.628571, 13.753785 ] }, { "date": "2024-09-13", "close": 12.84, "volume": 1751194, "typical_volume": 2422494.6, "trend": 15.316333, "fair_value": 22.15359, "relative_strength": -28.644421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.53847, "energy": 33.279027, "activity_lines": [ 12.219333, 12.352182, 12.578524, 13.58114 ] }, { "date": "2024-09-20", "close": 11.69, "volume": 4004394, "typical_volume": 2534193.85, "trend": 15.125667, "fair_value": 21.957244, "relative_strength": -35.206874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.93842, "energy": 34.181213, "activity_lines": [ 12.054667, 12.199091, 12.434905, 13.347183 ] }, { "date": "2024-09-27", "close": 10.8, "volume": 2792043, "typical_volume": 2580193.15, "trend": 14.779333, "fair_value": 21.768269, "relative_strength": -40.011406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.911927, "energy": 40.179387, "activity_lines": [ 11.630667, 11.903818, 12.231, 13.068108 ] }, { "date": "2024-10-04", "close": 9.72, "volume": 3546771, "typical_volume": 2660147.05, "trend": 14.345, "fair_value": 21.627564, "relative_strength": -45.394222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.857502, "energy": 47.011681, "activity_lines": [ 10.935333, 11.444545, 11.946333, 12.741699 ] }, { "date": "2024-10-11", "close": 9.89, "volume": 2140429, "typical_volume": 2666598.15, "trend": 13.935, "fair_value": 21.460513, "relative_strength": -44.408064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.105407, "energy": 67.471091, "activity_lines": [ 10.463333, 11.1, 11.707714, 12.45428 ] }, { "date": "2024-10-18", "close": 11.1, "volume": 2095551, "typical_volume": 2691046.45, "trend": 13.579, "fair_value": 21.3, "relative_strength": -36.958755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.679931, "energy": 60.236625, "activity_lines": [ 10.500667, 11.032727, 11.608286, 12.271376 ] }, { "date": "2024-10-25", "close": 9.35, "volume": 2507042, "typical_volume": 2734172.45, "trend": 13.188333, "fair_value": 21.132756, "relative_strength": -46.320536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.64743, "energy": 67.798994, "activity_lines": [ 10.070667, 10.657818, 11.357667, 11.998538 ] }, { "date": "2024-11-01", "close": 8.79, "volume": 2239882, "typical_volume": 2683390.7, "trend": 12.842333, "fair_value": 20.938718, "relative_strength": -48.038348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.931041, "energy": 74.4291, "activity_lines": [ 9.61, 10.233818, 11.076238, 11.714774 ] }, { "date": "2024-11-08", "close": 11.16, "volume": 4225503, "typical_volume": 2623257.3, "trend": 12.611333, "fair_value": 20.768013, "relative_strength": -36.54967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.629197, "energy": 41.258447, "activity_lines": [ 10.073333, 10.301455, 11.037762, 11.606237 ] }, { "date": "2024-11-15", "close": 9.63, "volume": 4504880, "typical_volume": 2646705.4, "trend": 12.409333, "fair_value": 20.614936, "relative_strength": -42.291328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.926785, "energy": 42.686987, "activity_lines": [ 9.930667, 10.110182, 10.857667, 11.413892 ] }, { "date": "2024-11-22", "close": 9.59, "volume": 7293696, "typical_volume": 2922239.65, "trend": 12.189333, "fair_value": 20.477949, "relative_strength": -42.544733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.368301, "energy": 37.796011, "activity_lines": [ 9.792, 9.945273, 10.683619, 11.232 ] }, { "date": "2024-11-29", "close": 9.92, "volume": 2286053, "typical_volume": 2866192.2, "trend": 11.959, "fair_value": 20.345449, "relative_strength": -39.931565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.470943, "energy": 30.095671, "activity_lines": [ 9.864, 9.899455, 10.547238, 11.085591 ] }, { "date": "2024-12-06", "close": 9.58, "volume": 6090150, "typical_volume": 3050872.45, "trend": 11.763667, "fair_value": 20.201603, "relative_strength": -42.744827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.273506, "energy": 34.251241, "activity_lines": [ 9.784667, 9.824, 10.392048, 10.932108 ] }, { "date": "2024-12-13", "close": 8.28, "volume": 8674041, "typical_volume": 3371583.55, "trend": 11.506667, "fair_value": 20.04609, "relative_strength": -49.86139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.616354, "energy": 41.922027, "activity_lines": [ 9.219333, 9.534364, 10.127333, 10.707355 ] }, { "date": "2024-12-20", "close": 7.62, "volume": 16488119, "typical_volume": 4007770.55, "trend": 11.263333, "fair_value": 19.871987, "relative_strength": -51.876597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.572835, "energy": 57.222124, "activity_lines": [ 8.626, 9.150909, 9.828571, 10.456602 ] }, { "date": "2024-12-27", "close": 7.41, "volume": 4110124, "typical_volume": 4081452.1, "trend": 11.032, "fair_value": 19.709872, "relative_strength": -52.737026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.613813, "energy": 69.569288, "activity_lines": [ 8.096667, 8.770545, 9.535619, 10.208 ] }, { "date": "2025-01-03", "close": 7.77, "volume": 6162373, "typical_volume": 4311520.15, "trend": 10.821667, "fair_value": 19.572692, "relative_strength": -49.190146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.03952, "energy": 70.448782, "activity_lines": [ 7.832667, 8.522727, 9.297286, 9.997548 ] }, { "date": "2025-01-10", "close": 7.51, "volume": 4308254, "typical_volume": 4443410.85, "trend": 10.658333, "fair_value": 19.441603, "relative_strength": -49.044667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.521884, "energy": 66.794996, "activity_lines": [ 7.625333, 8.256364, 9.055524, 9.783892 ] }, { "date": "2025-01-17", "close": 7.37, "volume": 8551784, "typical_volume": 4794141.3, "trend": 10.503333, "fair_value": 19.329167, "relative_strength": -50.78266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.036816, "energy": 57.428032, "activity_lines": [ 7.509333, 7.987818, 8.822429, 9.571742 ] }, { "date": "2025-01-24", "close": 7.88, "volume": 3344480, "typical_volume": 4855838.15, "trend": 10.376, "fair_value": 19.214808, "relative_strength": -47.62338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.901225, "energy": 44.025981, "activity_lines": [ 7.624, 7.880909, 8.661, 9.402495 ] }, { "date": "2025-01-31", "close": 8.07, "volume": 3870578, "typical_volume": 4961807.35, "trend": 10.281667, "fair_value": 19.099231, "relative_strength": -45.114387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.023417, "energy": 37.769495, "activity_lines": [ 7.784667, 7.840364, 8.53481, 9.25372 ] }, { "date": "2025-02-07", "close": 8.21, "volume": 3450136, "typical_volume": 4934094.45, "trend": 10.129667, "fair_value": 18.990962, "relative_strength": -43.3939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.49514, "energy": 29.817878, "activity_lines": [ 7.948, 7.852909, 8.444667, 9.120065 ] }, { "date": "2025-02-14", "close": 7.3, "volume": 3700342, "typical_volume": 4979509.4, "trend": 9.953667, "fair_value": 18.879936, "relative_strength": -50.038557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.920519, "energy": 31.929883, "activity_lines": [ 7.778667, 7.731091, 8.284429, 8.937505 ] }, { "date": "2025-02-21", "close": 7.27, "volume": 2404129, "typical_volume": 4922377.3, "trend": 9.718333, "fair_value": 18.760962, "relative_strength": -48.137048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.591923, "energy": 37.950264, "activity_lines": [ 7.613333, 7.645273, 8.138, 8.764366 ] }, { "date": "2025-02-28", "close": 6.57, "volume": 4420321, "typical_volume": 5036371.9, "trend": 9.502667, "fair_value": 18.626154, "relative_strength": -50.224907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.60968, "energy": 53.253611, "activity_lines": [ 7.221333, 7.450545, 7.936571, 8.561247 ] }, { "date": "2025-03-07", "close": 6.34, "volume": 4804703, "typical_volume": 5171829.5, "trend": 9.324667, "fair_value": 18.486603, "relative_strength": -48.88269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.950483, "energy": 68.245929, "activity_lines": [ 6.84, 7.233091, 7.729048, 8.357204 ] }, { "date": "2025-03-14", "close": 6.72, "volume": 4614536, "typical_volume": 5277204.2, "trend": 9.140333, "fair_value": 18.341731, "relative_strength": -42.816535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.739351, "energy": 63.848438, "activity_lines": [ 6.700667, 7.104182, 7.580381, 8.189161 ] }, { "date": "2025-03-21", "close": 8.24, "volume": 8082676, "typical_volume": 5569343.9, "trend": 9.010667, "fair_value": 18.18859, "relative_strength": -28.258987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.564862, "energy": 36.378524, "activity_lines": [ 7.167333, 7.270727, 7.589, 8.131075 ] }, { "date": "2025-03-28", "close": 7.83, "volume": 3162786, "typical_volume": 5516208.05, "trend": 8.864333, "fair_value": 18.014231, "relative_strength": -28.413906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.544599, "energy": 22.709202, "activity_lines": [ 7.434667, 7.349455, 7.56119, 8.054903 ] }, { "date": "2025-04-04", "close": 6.29, "volume": 4704410, "typical_volume": 5526184.55, "trend": 8.691333, "fair_value": 17.851346, "relative_strength": -34.640531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.277697, "energy": 26.737118, "activity_lines": [ 7.151333, 7.139818, 7.402571, 7.888817 ] }, { "date": "2025-04-11", "close": 5.89, "volume": 7080006, "typical_volume": 5515500.05, "trend": 8.459667, "fair_value": 17.693462, "relative_strength": -41.663215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.240792, "energy": 34.810906, "activity_lines": [ 6.753333, 6.886364, 7.221762, 7.708086 ] }, { "date": "2025-04-18", "close": 5.94, "volume": 3572774, "typical_volume": 5579836.1, "trend": 8.268, "fair_value": 17.542244, "relative_strength": -38.488881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.538181, "energy": 47.538229, "activity_lines": [ 6.402, 6.681636, 7.063333, 7.545527 ] }, { "date": "2025-04-25", "close": 9.15, "volume": 5988360, "typical_volume": 5574746.6, "trend": 8.213, "fair_value": 17.422949, "relative_strength": -9.47909, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.134114, "energy": 14.395334, "activity_lines": [ 7.172667, 7.101818, 7.229571, 7.60243 ] }, { "date": "2025-05-02", "close": 10.4, "volume": 3417558, "typical_volume": 5311922.45, "trend": 8.235667, "fair_value": 17.347115, "relative_strength": 1.062431, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.33255, "energy": 23.776137, "activity_lines": [ 8.299333, 7.715636, 7.516905, 7.743527 ] }, { "date": "2025-05-09", "close": 7.52, "volume": 7991104, "typical_volume": 4887071.7, "trend": 8.156667, "fair_value": 17.261731, "relative_strength": -25.451761, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.410333, "energy": 18.319929, "activity_lines": [ 8.294667, 7.748909, 7.519857, 7.697355 ] }, { "date": "2025-05-16", "close": 8.89, "volume": 6938442, "typical_volume": 5028487.6, "trend": 8.083, "fair_value": 17.19, "relative_strength": -16.089347, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.848845, "energy": 28.352444, "activity_lines": [ 8.664667, 8.014, 7.653762, 7.744667 ] }, { "date": "2025-05-23", "close": 9.71, "volume": 5433251, "typical_volume": 4992031.5, "trend": 8.095, "fair_value": 17.112628, "relative_strength": -4.907107, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.282821, "energy": 47.355301, "activity_lines": [ 9.108, 8.381818, 7.858714, 7.849634 ] }, { "date": "2025-05-30", "close": 8.85, "volume": 4621369, "typical_volume": 5007687.25, "trend": 8.097, "fair_value": 17.022949, "relative_strength": -13.737615, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.932337, "energy": 26.926231, "activity_lines": [ 9.013333, 8.538909, 7.972524, 7.898344 ] }, { "date": "2025-06-06", "close": 9.61, "volume": 8586687, "typical_volume": 5009432.4, "trend": 8.045333, "fair_value": 16.951667, "relative_strength": -7.114145, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.074539, "energy": 33.022489, "activity_lines": [ 9.192, 8.823091, 8.152333, 7.995957 ] }, { "date": "2025-06-13", "close": 9.27, "volume": 4195943, "typical_volume": 5052005.55, "trend": 8.033333, "fair_value": 16.875897, "relative_strength": -9.139656, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 52.751585, "energy": 35.610717, "activity_lines": [ 9.31, 9.013091, 8.289095, 8.074968 ] }, { "date": "2025-06-20", "close": 8.43, "volume": 5242049, "typical_volume": 5120579.1, "trend": 7.994667, "fair_value": 16.760064, "relative_strength": -16.591779, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 49.662021, "energy": 27.107926, "activity_lines": [ 9.031333, 8.996182, 8.339238, 8.100559 ] }, { "date": "2025-06-27", "close": 8.39, "volume": 4189445, "typical_volume": 5157544.55, "trend": 7.943667, "fair_value": 16.649487, "relative_strength": -19.551128, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.792728, "energy": 19.990145, "activity_lines": [ 8.77, 8.925818, 8.383857, 8.126065 ] }, { "date": "2025-07-04", "close": 8.74, "volume": 2690164, "typical_volume": 5107035.65, "trend": 7.915667, "fair_value": 16.527949, "relative_strength": -16.88426, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.109131, "energy": 15.310175, "activity_lines": [ 8.713333, 8.874545, 8.460952, 8.177441 ] }, { "date": "2025-07-11", "close": 8.68, "volume": 2733079, "typical_volume": 5123483.15, "trend": 7.929, "fair_value": 16.38109, "relative_strength": -16.277716, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.952668, "energy": 15.852672, "activity_lines": [ 8.644, 8.819818, 8.525476, 8.226753 ] }, { "date": "2025-07-18", "close": 8.16, "volume": 2584132, "typical_volume": 5031673.7, "trend": 7.947, "fair_value": 16.23359, "relative_strength": -21.30617, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.444085, "energy": 13.539776, "activity_lines": [ 8.463333, 8.701818, 8.533762, 8.241656 ] }, { "date": "2025-07-25", "close": 8.96, "volume": 2868726, "typical_volume": 4934874.85, "trend": 7.998667, "fair_value": 16.089936, "relative_strength": -12.984454, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.315133, "energy": 14.243539, "activity_lines": [ 8.623333, 8.717636, 8.610667, 8.307011 ] }, { "date": "2025-08-01", "close": 8.19, "volume": 3552278, "typical_volume": 4881761.95, "trend": 8.012667, "fair_value": 15.917821, "relative_strength": -17.407784, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.049372, "energy": 7.997245, "activity_lines": [ 8.491333, 8.592182, 8.601762, 8.319355 ] }, { "date": "2025-08-08", "close": 7.85, "volume": 3183549, "typical_volume": 4636805.6, "trend": 8.024, "fair_value": 15.754231, "relative_strength": -22.653138, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.038672, "energy": 7.471952, "activity_lines": [ 8.259333, 8.432545, 8.553476, 8.30886 ] }, { "date": "2025-08-15", "close": 8.82, "volume": 4245115, "typical_volume": 4690922.05, "trend": 8.072333, "fair_value": 15.610192, "relative_strength": -12.500639, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.774066, "energy": 9.062645, "activity_lines": [ 8.41, 8.467455, 8.599429, 8.360215 ] }, { "date": "2025-08-22", "close": 9.01, "volume": 3521374, "typical_volume": 4631770.25, "trend": 8.11, "fair_value": 15.468013, "relative_strength": -8.806312, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.943512, "energy": 13.55453, "activity_lines": [ 8.614667, 8.551273, 8.658762, 8.42071 ] }, { "date": "2025-08-29", "close": 8.93, "volume": 2860356, "typical_volume": 4420787.75, "trend": 8.138667, "fair_value": 15.335385, "relative_strength": -8.331891, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.378891, "energy": 18.986695, "activity_lines": [ 8.736, 8.625273, 8.697524, 8.473613 ] }, { "date": "2025-09-05", "close": 9.71, "volume": 2204872, "typical_volume": 4352392.65, "trend": 8.188667, "fair_value": 15.212564, "relative_strength": -0.30842, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.938556, "energy": 47.553622, "activity_lines": [ 9.119333, 8.832, 8.796095, 8.574989 ] }, { "date": "2025-09-12", "close": 9.2, "volume": 1866814, "typical_volume": 4146315.35, "trend": 8.252, "fair_value": 15.105, "relative_strength": -6.024042, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.161374, "energy": 48.046856, "activity_lines": [ 9.231333, 8.922, 8.828143, 8.640237 ] }, { "date": "2025-09-19", "close": 8.89, "volume": 2081642, "typical_volume": 4079519.55, "trend": 8.306, "fair_value": 15.015449, "relative_strength": -10.125916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.881909, "energy": 42.099756, "activity_lines": [ 9.15, 8.947273, 8.830429, 8.681398 ] }, { "date": "2025-09-26", "close": 9.65, "volume": 2457584, "typical_volume": 3802843.55, "trend": 8.408667, "fair_value": 14.907885, "relative_strength": -1.299916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.53533, "energy": 49.111958, "activity_lines": [ 9.317333, 9.106909, 8.912286, 8.768108 ] }, { "date": "2025-10-03", "close": 10.43, "volume": 3590120, "typical_volume": 3635427.45, "trend": 8.545, "fair_value": 14.83141, "relative_strength": 5.744936, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.566959, "energy": 53.546533, "activity_lines": [ 9.702, 9.381273, 9.058286, 8.898516 ] }, { "date": "2025-10-10", "close": 10.92, "volume": 4178121, "typical_volume": 3572670.95, "trend": 8.685, "fair_value": 14.758013, "relative_strength": 13.499454, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.579553, "energy": 61.46896, "activity_lines": [ 10.15, 9.718, 9.243619, 9.051742 ] }, { "date": "2025-10-17", "close": 11.73, "volume": 2614833, "typical_volume": 3472344.15, "trend": 8.801333, "fair_value": 14.684167, "relative_strength": 19.447973, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.694674, "energy": 75.099793, "activity_lines": [ 10.787333, 10.152364, 9.500333, 9.248194 ] }, { "date": "2025-10-24", "close": 13.03, "volume": 2870569, "typical_volume": 3186538.25, "trend": 8.974667, "fair_value": 14.614615, "relative_strength": 29.526819, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.056976, "energy": 85.987136, "activity_lines": [ 11.689333, 10.752545, 9.867143, 9.521011 ] }, { "date": "2025-10-31", "close": 12.77, "volume": 2364966, "typical_volume": 3094989.4, "trend": 9.190667, "fair_value": 14.56359, "relative_strength": 24.208764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.529694, "energy": 85.756516, "activity_lines": [ 12.228667, 11.228909, 10.192905, 9.765871 ] }, { "date": "2025-11-07", "close": 11.21, "volume": 3234710, "typical_volume": 2994622.45, "trend": 9.368, "fair_value": 14.49109, "relative_strength": 12.948683, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.160847, "energy": 74.186065, "activity_lines": [ 12.04, 11.353273, 10.353429, 9.896151 ] }, { "date": "2025-11-14", "close": 11.51, "volume": 2606071, "typical_volume": 2915453.75, "trend": 9.553667, "fair_value": 14.425705, "relative_strength": 16.220328, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.51819, "energy": 59.846216, "activity_lines": [ 11.899333, 11.490727, 10.529286, 10.034344 ] }, { "date": "2025-11-21", "close": 11.8, "volume": 2553228, "typical_volume": 2908606.95, "trend": 9.642, "fair_value": 14.35641, "relative_strength": 22.806764, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.986955, "energy": 43.88796, "activity_lines": [ 11.816, 11.648182, 10.717905, 10.179269 ] }, { "date": "2025-11-28", "close": 13.39, "volume": 3695459, "typical_volume": 2956725.95, "trend": 9.741667, "fair_value": 14.286731, "relative_strength": 32.465862, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.135264, "energy": 48.477107, "activity_lines": [ 12.258, 12.047455, 11.043381, 10.421075 ] }, { "date": "2025-12-05", "close": 13.16, "volume": 3020799, "typical_volume": 2978559.3, "trend": 9.929667, "fair_value": 14.231603, "relative_strength": 28.478034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.804717, "energy": 49.789743, "activity_lines": [ 12.599333, 12.323091, 11.324524, 10.641613 ] }, { "date": "2025-12-12", "close": 13.87, "volume": 2935453, "typical_volume": 2981895.65, "trend": 10.095667, "fair_value": 14.171667, "relative_strength": 36.91525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.546699, "energy": 59.019315, "activity_lines": [ 13.151333, 12.664, 11.649476, 10.895828 ] }, { "date": "2025-12-19", "close": 14.59, "volume": 4364421, "typical_volume": 3022502.8, "trend": 10.258333, "fair_value": 14.122564, "relative_strength": 41.756573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.551386, "energy": 71.774883, "activity_lines": [ 13.766, 13.073273, 12.019619, 11.185785 ] }, { "date": "2025-12-26", "close": 14.16, "volume": 1533129, "typical_volume": 2939981.8, "trend": 10.435333, "fair_value": 14.067949, "relative_strength": 34.587337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.754466, "energy": 65.517861, "activity_lines": [ 14.032, 13.337636, 12.318333, 11.437505 ] }, { "date": "2026-01-02", "close": 13.57, "volume": 4340672, "typical_volume": 2944759.65, "trend": 10.567333, "fair_value": 14.008462, "relative_strength": 30.194843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.54543, "energy": 51.948261, "activity_lines": [ 13.944, 13.450545, 12.53081, 11.639742 ] }, { "date": "2026-01-09", "close": 14.59, "volume": 3051810, "typical_volume": 2921281.45, "trend": 10.744667, "fair_value": 13.944615, "relative_strength": 35.669337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.483694, "energy": 51.01076, "activity_lines": [ 14.184, 13.739091, 12.81781, 11.899269 ] }, { "date": "2026-01-16", "close": 13.62, "volume": 3817800, "typical_volume": 2969153.65, "trend": 10.917667, "fair_value": 13.884487, "relative_strength": 26.651721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.557802, "energy": 41.207359, "activity_lines": [ 14.005333, 13.818182, 12.985857, 12.084774 ] }, { "date": "2026-01-23", "close": 13.79, "volume": 3956672, "typical_volume": 3056743.65, "trend": 11.097667, "fair_value": 13.824615, "relative_strength": 26.917825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.502388, "energy": 34.787746, "activity_lines": [ 13.9, 13.884364, 13.147762, 12.270086 ] }, { "date": "2026-01-30", "close": 11.16, "volume": 9183913, "typical_volume": 3422598.6, "trend": 11.178333, "fair_value": 13.74391, "relative_strength": 2.579425, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.957778, "energy": 12.763799, "activity_lines": [ 12.971333, 13.430909, 13.039762, 12.274108 ] }, { "date": "2026-02-06", "close": 10.33, "volume": 4245209, "typical_volume": 3530776.95, "trend": 11.233333, "fair_value": 13.662564, "relative_strength": -3.270364, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -6.364843, "energy": 15.836609, "activity_lines": [ 11.966, 12.838182, 12.843381, 12.219376 ] }, { "date": "2026-02-13", "close": 7.99, "volume": 6612922, "typical_volume": 3738543.85, "trend": 11.227667, "fair_value": 13.571603, "relative_strength": -24.191321, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -40.747023, "energy": 40.20279, "activity_lines": [ 10.396667, 11.875636, 12.417286, 12.010129 ] }, { "date": "2026-02-20", "close": 8.14, "volume": 3184099, "typical_volume": 3718242.8, "trend": 11.200333, "fair_value": 13.487179, "relative_strength": -23.598697, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.094957, "energy": 59.571613, "activity_lines": [ 9.317333, 11.034364, 12.013381, 11.810925 ] }, { "date": "2026-02-27", "close": 9.04, "volume": 3657285, "typical_volume": 3692201.0, "trend": 11.228667, "fair_value": 13.388782, "relative_strength": -15.115514, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.502581, "energy": 61.645892, "activity_lines": [ 8.903333, 10.460909, 11.706095, 11.671548 ] }, { "date": "2026-03-06", "close": 8.65, "volume": 5941683, "typical_volume": 3858543.5, "trend": 11.255333, "fair_value": 13.312179, "relative_strength": -17.888482, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.19355, "energy": 65.553756, "activity_lines": [ 8.676, 9.917455, 11.370619, 11.505183 ] }, { "date": "2026-03-13", "close": 8.57, "volume": 5539358, "typical_volume": 3991982.95, "trend": 11.247, "fair_value": 13.238077, "relative_strength": -17.853517, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.432921, "energy": 53.864832, "activity_lines": [ 8.589333, 9.459636, 11.04219, 11.331935 ] }, { "date": "2026-03-20", "close": 8.1, "volume": 5257174, "typical_volume": 4136593.35, "trend": 11.216667, "fair_value": 13.163013, "relative_strength": -20.515665, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.612056, "energy": 51.635072, "activity_lines": [ 8.463333, 9.007273, 10.690238, 11.128903 ] }, { "date": "2026-03-27", "close": 7.76, "volume": 3652542, "typical_volume": 4157484.95, "trend": 11.177667, "fair_value": 13.091538, "relative_strength": -21.054984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.755147, "energy": 50.553176, "activity_lines": [ 8.216667, 8.611091, 10.328143, 10.905892 ] }, { "date": "2026-04-03", "close": 8.53, "volume": 2134407, "typical_volume": 4133901.75, "trend": 11.138333, "fair_value": 13.027821, "relative_strength": -16.510312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.952178, "energy": 45.456613, "activity_lines": [ 8.252, 8.461455, 10.05581, 10.735075 ] }, { "date": "2026-04-10", "close": 8.8, "volume": 2593469, "typical_volume": 4135913.8, "trend": 11.125, "fair_value": 12.962692, "relative_strength": -17.669879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.891829, "energy": 42.913156, "activity_lines": [ 8.411333, 8.456545, 9.823381, 10.584215 ] }, { "date": "2026-04-17", "close": 9.49, "volume": 2855662, "typical_volume": 4093923.95, "trend": 11.145, "fair_value": 12.901282, "relative_strength": -16.492997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.273177, "energy": 32.572163, "activity_lines": [ 8.790667, 8.62, 9.670952, 10.478731 ] }, { "date": "2026-04-24", "close": 8.76, "volume": 2937266, "typical_volume": 4089747.3, "trend": 11.115333, "fair_value": 12.833333, "relative_strength": -24.057897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.392737, "energy": 27.001792, "activity_lines": [ 8.865333, 8.666, 9.467571, 10.32486 ] }, { "date": "2026-05-01", "close": 9.12, "volume": 2962990, "typical_volume": 4091124.15, "trend": 11.071667, "fair_value": 12.770769, "relative_strength": -21.461174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.366676, "energy": 23.854357, "activity_lines": [ 9.016, 8.763455, 9.319429, 10.196129 ] }, { "date": "2026-05-08", "close": 10.55, "volume": 5419419, "typical_volume": 4143874.05, "trend": 11.059333, "fair_value": 12.714487, "relative_strength": -13.822052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.033551, "energy": 18.898695, "activity_lines": [ 9.552667, 9.103091, 9.330095, 10.162473 ] }, { "date": "2026-05-15", "close": 5.72, "volume": 19084792, "typical_volume": 5021457.2, "trend": 10.859, "fair_value": 12.622692, "relative_strength": -52.646112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.627229, "energy": 42.71272, "activity_lines": [ 8.344667, 8.537091, 8.9, 9.818 ] }, { "date": "2026-05-22", "close": 6.35, "volume": 11174673, "typical_volume": 5363157.25, "trend": 10.636333, "fair_value": 12.546731, "relative_strength": -47.451162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.283072, "energy": 56.147427, "activity_lines": [ 7.552, 8.138909, 8.570095, 9.527097 ] }, { "date": "2026-05-29", "close": 7.01, "volume": 5602990, "typical_volume": 5490716.25, "trend": 10.444333, "fair_value": 12.465256, "relative_strength": -43.126672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.361614, "energy": 59.50586, "activity_lines": [ 7.188667, 7.901091, 8.337429, 9.29314 ] }, { "date": "2026-06-05", "close": 6.08, "volume": 6900022, "typical_volume": 5644827.35, "trend": 10.273333, "fair_value": 12.375385, "relative_strength": -47.769356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.099777, "energy": 77.668847, "activity_lines": [ 6.632, 7.514, 8.052286, 9.01157 ] }, { "date": "2026-06-12", "close": 6.66, "volume": 6305250, "typical_volume": 5762256.25, "trend": 10.111667, "fair_value": 12.290641, "relative_strength": -43.523951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.469607, "energy": 72.996663, "activity_lines": [ 6.471333, 7.262909, 7.858286, 8.778452 ] }, { "date": "2026-06-19", "close": 7.8, "volume": 10780461, "typical_volume": 5842083.65, "trend": 9.978333, "fair_value": 12.219487, "relative_strength": -35.157019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.07611, "energy": 43.450946, "activity_lines": [ 6.95, 7.253091, 7.80681, 8.629312 ] }, { "date": "2026-06-26", "close": 10.48, "volume": 20354340, "typical_volume": 6647540.2, "trend": 9.881333, "fair_value": 12.158526, "relative_strength": -8.71595, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.939251, "energy": 9.656573, "activity_lines": [ 8.183333, 7.748727, 8.026571, 8.661677 ] }, { "date": "2026-07-03", "close": 13.28, "volume": 11998275, "typical_volume": 6916807.85, "trend": 9.885333, "fair_value": 12.118846, "relative_strength": 14.298458, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.525687, "energy": 37.980188, "activity_lines": [ 10.074667, 8.735455, 8.512286, 8.880946 ] }, { "date": "2026-07-10", "close": 13.95, "volume": 13624491, "typical_volume": 7438827.45, "trend": 9.888, "fair_value": 12.087372, "relative_strength": 17.442625, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.365551, "energy": 49.899382, "activity_lines": [ 11.771333, 9.761818, 9.036619, 9.143183 ] }, { "date": "2026-07-17", "close": 9.89, "volume": 14480965, "typical_volume": 7980011.45, "trend": 9.731333, "fair_value": 12.033654, "relative_strength": -13.086255, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.874029, "energy": 41.264523, "activity_lines": [ 11.59, 9.962182, 9.146619, 9.143312 ] }, { "date": "2026-07-24", "close": 9.73, "volume": 7753690, "typical_volume": 8070611.8, "trend": 9.583667, "fair_value": 11.975449, "relative_strength": -12.935554, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.788703, "energy": 47.641844, "activity_lines": [ 11.14, 10.145455, 9.237333, 9.143226 ] }, { "date": "2026-07-31", "close": 9.69, "volume": 6100830, "typical_volume": 8098685.4, "trend": 9.454333, "fair_value": 11.924103, "relative_strength": -13.690459, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.293863, "energy": 23.319298, "activity_lines": [ 10.548, 10.248545, 9.319095, 9.150086 ] }, { "date": "2026-08-07", "close": 10.72, "volume": 6458878, "typical_volume": 8158770.6, "trend": 9.325333, "fair_value": 11.878077, "relative_strength": -9.262621, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.385277, "energy": 9.761749, "activity_lines": [ 10.352, 10.478182, 9.493619, 9.231742 ] } ], "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." } } }