{ "ticker": { "uuid": "7be9b663-4338-4ef5-8b36-f5e9989f712c", "symbol": "SUMMAS", "name": "Summa Defence Oyj", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -72.955, "architecture_energy": 59.494, "architecture_maturity": 100.0, "architecture_confidence": 94.31, "architecture_tenure": "Extended", "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": 7.1, "rotation_up": 22.87, "upward_expansion": 9.66, "deceleration": 47.18, "rotation_down": 64.61, "downward_expansion": 87.66 }, "activity_lines": [ 5.449333, 5.905818, 7.265619, 8.432215 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -1.0 }, "latest_close": 4.83, "trend_reference": 10.267667, "distance_from_trend": -0.529591, "trend_direction": "Weakening", "fair_value": 45.215801, "distance_from_fair_value": -0.893179, "fair_value_direction": "Weakening", "relative_strength": -79.905283, "relative_strength_direction": "Weakening", "price_momentum": -0.678, "excess_performance": -0.739494, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.529591, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.370828, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.893179, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.204653, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.799053, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.16317, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.678, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.575823, "read": "Supply-led" } ], "volume": { "latest": 85361, "relative_activity": 0.467538, "balance": 0.575823, "dry_up": 0.260573, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.397436, "annualized_volatility": 1.255639, "from_high_reference": -0.912816, "from_low_reference": 0.026567 }, "levels": { "trend_reference": 10.267667, "fair_value_reference": 45.215801, "structural_low": 4.705, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 39, "median_return": -0.059501, "positive_rate": 0.384615, "directional_follow_through": 0.615385, "median_excess_return": -0.036997, "regime_survival": 0.871795, "best_return": 0.252336, "worst_return": -0.465, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.160075, "positive_rate": 0.230769, "directional_follow_through": 0.769231, "median_excess_return": -0.201982, "regime_survival": 0.769231, "best_return": 0.2624, "worst_return": -0.5625, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.189499, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.175203, "regime_survival": 0.5, "best_return": 0.024952, "worst_return": -0.631579, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.1456, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.272052, "regime_survival": 0.0, "best_return": 0.175, "worst_return": -0.593576, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-02", "end": "2023-09-22", "tenure": "Established", "return": -0.2218, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-29", "end": "2024-01-05", "tenure": "Established", "return": 0.089286, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-03-15", "tenure": "Developing", "return": -0.215971, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-22", "end": "2024-04-19", "tenure": "Developing", "return": 0.03854, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-06-21", "tenure": "Developing", "return": -0.220974, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-11-22", "tenure": "Established", "return": -0.2125, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": -0.109312, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": 0.01, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.122549, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-04-25", "tenure": "Established", "return": 0.258333, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-02", "end": "2025-05-30", "tenure": "Developing", "return": 0.454023, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": -0.543939, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": -0.240942, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2026-08-07", "tenure": "Extended", "return": -0.872895, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 79.0, "volume": 3324, "typical_volume": 5295.05, "trend": 75.463334, "fair_value": 85.560468, "relative_strength": 3.485205, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.789604, "energy": 6.199973, "activity_lines": [ 78.106666, 78.172727, 76.539523, 75.251828 ] }, { "date": "2023-08-25", "close": 71.800003, "volume": 2236, "typical_volume": 5309.0, "trend": 74.876667, "fair_value": 84.790237, "relative_strength": -6.75404, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 23.724367, "energy": 10.596375, "activity_lines": [ 76.153334, 77.072727, 76.323333, 75.015484 ] }, { "date": "2023-09-01", "close": 65.0, "volume": 3525, "typical_volume": 5111.7, "trend": 74.033333, "fair_value": 83.97028, "relative_strength": -16.390647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.532218, "energy": 13.197347, "activity_lines": [ 72.160001, 74.794546, 75.447143, 74.37828 ] }, { "date": "2023-09-08", "close": 63.900002, "volume": 2095, "typical_volume": 4798.9, "trend": 73.46, "fair_value": 83.2028, "relative_strength": -17.035812, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.669239, "energy": 29.175016, "activity_lines": [ 68.726668, 72.429091, 74.472857, 73.724516 ] }, { "date": "2023-09-15", "close": 63.099998, "volume": 2443, "typical_volume": 4726.3, "trend": 72.95, "fair_value": 82.464561, "relative_strength": -18.526178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.317352, "energy": 39.641029, "activity_lines": [ 65.913334, 70.283636, 73.427619, 73.056129 ] }, { "date": "2023-09-22", "close": 61.400002, "volume": 1962, "typical_volume": 4327.7, "trend": 72.526667, "fair_value": 81.861486, "relative_strength": -19.336649, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.80284, "energy": 57.210471, "activity_lines": [ 63.526667, 68.19091, 72.217619, 72.310968 ] }, { "date": "2023-09-29", "close": 56.0, "volume": 6381, "typical_volume": 4314.9, "trend": 71.533333, "fair_value": 81.330582, "relative_strength": -25.788115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.741184, "energy": 63.43414, "activity_lines": [ 60.513334, 65.4, 70.54381, 71.244731 ] }, { "date": "2023-10-06", "close": 51.900002, "volume": 4118, "typical_volume": 4313.65, "trend": 70.566667, "fair_value": 80.602784, "relative_strength": -30.810863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.874723, "energy": 62.660807, "activity_lines": [ 57.186668, 62.212728, 68.541429, 69.978065 ] }, { "date": "2023-10-13", "close": 59.0, "volume": 2627, "typical_volume": 4274.8, "trend": 70.32, "fair_value": 79.754798, "relative_strength": -22.342154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.805423, "energy": 52.143738, "activity_lines": [ 57.100001, 60.807273, 67.291429, 69.231828 ] }, { "date": "2023-10-20", "close": 59.599998, "volume": 1336, "typical_volume": 3525.35, "trend": 70.11, "fair_value": 78.918022, "relative_strength": -17.06404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.829374, "energy": 45.952646, "activity_lines": [ 57.54, 59.841818, 66.145238, 68.540215 ] }, { "date": "2023-10-27", "close": 52.099998, "volume": 973, "typical_volume": 3148.15, "trend": 69.506667, "fair_value": 78.265152, "relative_strength": -26.214459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.333398, "energy": 46.852966, "activity_lines": [ 55.713332, 57.847272, 64.376667, 67.37828 ] }, { "date": "2023-11-03", "close": 57.0, "volume": 1768, "typical_volume": 2974.55, "trend": 69.1, "fair_value": 77.636327, "relative_strength": -21.291313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.826625, "energy": 33.006303, "activity_lines": [ 56.139999, 57.232727, 63.222857, 66.571398 ] }, { "date": "2023-11-10", "close": 54.099998, "volume": 3488, "typical_volume": 2972.05, "trend": 68.69, "fair_value": 77.042919, "relative_strength": -24.202229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.173437, "energy": 33.841136, "activity_lines": [ 55.533332, 56.359999, 61.878571, 65.603656 ] }, { "date": "2023-11-17", "close": 50.299999, "volume": 3220, "typical_volume": 2720.25, "trend": 68.2, "fair_value": 76.407968, "relative_strength": -31.481551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.041092, "energy": 39.133824, "activity_lines": [ 53.513332, 54.994545, 60.253809, 64.417204 ] }, { "date": "2023-11-24", "close": 49.0, "volume": 2071, "typical_volume": 2611.4, "trend": 67.75, "fair_value": 75.776958, "relative_strength": -33.213084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.472245, "energy": 41.225826, "activity_lines": [ 51.639999, 53.639999, 58.665714, 63.178494 ] }, { "date": "2023-12-01", "close": 48.849998, "volume": 2042, "typical_volume": 2622.8, "trend": 66.978333, "fair_value": 75.174445, "relative_strength": -33.269275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.87901, "energy": 51.863057, "activity_lines": [ 50.423332, 52.514544, 57.225238, 61.959139 ] }, { "date": "2023-12-08", "close": 50.700001, "volume": 1521, "typical_volume": 2598.2, "trend": 66.368333, "fair_value": 74.652526, "relative_strength": -31.909185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.603352, "energy": 47.691936, "activity_lines": [ 50.04, 51.953636, 56.095, 60.908924 ] }, { "date": "2023-12-15", "close": 50.799999, "volume": 5044, "typical_volume": 2740.9, "trend": 65.798333, "fair_value": 74.051466, "relative_strength": -33.182401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.537511, "energy": 35.889909, "activity_lines": [ 50.109999, 51.507272, 55.090952, 59.904516 ] }, { "date": "2023-12-22", "close": 52.700001, "volume": 5512, "typical_volume": 2887.1, "trend": 65.261666, "fair_value": 73.478541, "relative_strength": -29.748102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.686571, "energy": 30.436267, "activity_lines": [ 51.033333, 51.426363, 54.401666, 59.059462 ] }, { "date": "2023-12-29", "close": 53.099998, "volume": 12952, "typical_volume": 3431.9, "trend": 64.401666, "fair_value": 72.916773, "relative_strength": -29.197332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.383524, "energy": 21.686582, "activity_lines": [ 51.929999, 51.532727, 53.867142, 58.274838 ] }, { "date": "2024-01-05", "close": 61.0, "volume": 4165, "typical_volume": 3473.95, "trend": 63.661666, "fair_value": 72.404418, "relative_strength": -15.76247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.462033, "energy": 12.889559, "activity_lines": [ 55.186666, 53.193636, 54.203571, 58.055376 ] }, { "date": "2024-01-12", "close": 55.099998, "volume": 1257, "typical_volume": 3425.0, "trend": 62.998333, "fair_value": 71.875109, "relative_strength": -23.63615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.120096, "energy": 14.954046, "activity_lines": [ 55.666666, 53.619999, 54.063809, 57.50301 ] }, { "date": "2024-01-19", "close": 53.900002, "volume": 1922, "typical_volume": 3344.85, "trend": 62.421666, "fair_value": 71.34179, "relative_strength": -22.518044, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.508155, "energy": 14.195098, "activity_lines": [ 55.453333, 53.862727, 53.889285, 56.916021 ] }, { "date": "2024-01-26", "close": 58.200001, "volume": 3352, "typical_volume": 3407.7, "trend": 61.561666, "fair_value": 70.834808, "relative_strength": -18.044805, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.889804, "energy": 9.312982, "activity_lines": [ 56.466667, 54.890909, 54.177143, 56.643656 ] }, { "date": "2024-02-02", "close": 56.700001, "volume": 3904, "typical_volume": 3480.75, "trend": 60.685, "fair_value": 70.331712, "relative_strength": -19.283555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.000584, "energy": 7.366291, "activity_lines": [ 56.613334, 55.502727, 54.349286, 56.33 ] }, { "date": "2024-02-09", "close": 50.700001, "volume": 3969, "typical_volume": 3581.1, "trend": 59.808333, "fair_value": 69.781562, "relative_strength": -26.622336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.859832, "energy": 13.619008, "activity_lines": [ 54.520001, 54.883637, 53.980476, 55.685806 ] }, { "date": "2024-02-16", "close": 50.099998, "volume": 4100, "typical_volume": 3467.05, "trend": 58.971667, "fair_value": 69.196881, "relative_strength": -28.533663, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.291863, "energy": 16.770559, "activity_lines": [ 52.913333, 54.121818, 53.605476, 55.059462 ] }, { "date": "2024-02-23", "close": 50.5, "volume": 733, "typical_volume": 3297.8, "trend": 58.025, "fair_value": 68.655268, "relative_strength": -28.137649, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.603725, "energy": 21.32969, "activity_lines": [ 51.773333, 53.443636, 53.296666, 54.512903 ] }, { "date": "2024-03-01", "close": 50.700001, "volume": 1909, "typical_volume": 3261.9, "trend": 57.141667, "fair_value": 68.165262, "relative_strength": -27.774405, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.228103, "energy": 28.432909, "activity_lines": [ 50.926667, 52.807273, 53.013571, 54.040322 ] }, { "date": "2024-03-08", "close": 46.549999, "volume": 6249, "typical_volume": 3507.55, "trend": 56.093333, "fair_value": 67.721071, "relative_strength": -33.570016, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.673064, "energy": 36.914481, "activity_lines": [ 49.196666, 51.452727, 52.374762, 53.356989 ] }, { "date": "2024-03-15", "close": 43.200001, "volume": 2101, "typical_volume": 3563.95, "trend": 54.9, "fair_value": 67.203854, "relative_strength": -38.852291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.245492, "energy": 45.310546, "activity_lines": [ 47.026667, 49.608182, 51.479048, 52.525161 ] }, { "date": "2024-03-22", "close": 49.299999, "volume": 5954, "typical_volume": 3773.25, "trend": 54.15, "fair_value": 66.745379, "relative_strength": -29.650223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.543662, "energy": 36.960433, "activity_lines": [ 47.39, 49.196364, 51.206667, 52.163871 ] }, { "date": "2024-03-29", "close": 44.599998, "volume": 2231, "typical_volume": 3710.4, "trend": 53.47, "fair_value": 66.307099, "relative_strength": -35.32758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.586959, "energy": 41.817733, "activity_lines": [ 46.239999, 48.035454, 50.523333, 51.547742 ] }, { "date": "2024-04-05", "close": 46.0, "volume": 4067, "typical_volume": 3752.75, "trend": 52.873333, "fair_value": 65.894978, "relative_strength": -32.306095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.378017, "energy": 36.143188, "activity_lines": [ 45.949999, 47.298181, 50.018571, 51.065806 ] }, { "date": "2024-04-12", "close": 48.5, "volume": 1259, "typical_volume": 3712.15, "trend": 52.386666, "fair_value": 65.567617, "relative_strength": -28.171495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.03885, "energy": 23.716891, "activity_lines": [ 46.806666, 47.237272, 49.772381, 50.783656 ] }, { "date": "2024-04-19", "close": 51.200001, "volume": 4979, "typical_volume": 3859.0, "trend": 52.046666, "fair_value": 65.257565, "relative_strength": -23.561306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.677209, "energy": 15.541425, "activity_lines": [ 48.433333, 47.816363, 49.785714, 50.707097 ] }, { "date": "2024-04-26", "close": 53.400002, "volume": 1024, "typical_volume": 3834.15, "trend": 51.96, "fair_value": 64.932156, "relative_strength": -21.636579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.745035, "energy": 11.319967, "activity_lines": [ 50.260001, 48.786364, 49.997381, 50.794409 ] }, { "date": "2024-05-03", "close": 50.599998, "volume": 514, "typical_volume": 3607.65, "trend": 51.916666, "fair_value": 64.605983, "relative_strength": -24.565332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.823626, "energy": 14.846072, "activity_lines": [ 50.88, 49.187273, 49.929524, 50.706667 ] }, { "date": "2024-05-10", "close": 56.599998, "volume": 2101, "typical_volume": 3437.1, "trend": 51.836666, "fair_value": 64.336683, "relative_strength": -17.882068, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.535086, "energy": 16.931305, "activity_lines": [ 53.099999, 50.677272, 50.434047, 51.008817 ] }, { "date": "2024-05-17", "close": 50.799999, "volume": 1829, "typical_volume": 2880.95, "trend": 51.543333, "fair_value": 64.024066, "relative_strength": -25.011863, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.559971, "energy": 12.291706, "activity_lines": [ 52.679999, 51.005454, 50.367619, 50.941935 ] }, { "date": "2024-05-24", "close": 49.200001, "volume": 756, "typical_volume": 2710.5, "trend": 51.446666, "fair_value": 63.695056, "relative_strength": -27.372063, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.136737, "energy": 5.452803, "activity_lines": [ 51.573333, 50.965454, 50.159762, 50.790752 ] }, { "date": "2024-05-31", "close": 47.5, "volume": 365, "typical_volume": 2665.9, "trend": 51.13, "fair_value": 63.342874, "relative_strength": -28.470205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.939728, "energy": 12.383447, "activity_lines": [ 50.033333, 50.507272, 49.84619, 50.536129 ] }, { "date": "2024-06-07", "close": 49.0, "volume": 930, "typical_volume": 2616.3, "trend": 50.96, "fair_value": 63.011354, "relative_strength": -25.781944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.550273, "energy": 17.701511, "activity_lines": [ 49.386667, 50.354545, 49.711666, 50.39871 ] }, { "date": "2024-06-14", "close": 45.0, "volume": 2793, "typical_volume": 2588.35, "trend": 50.783333, "fair_value": 62.649284, "relative_strength": -29.396706, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.844925, "energy": 28.874963, "activity_lines": [ 47.513333, 49.394545, 49.219524, 50.014193 ] }, { "date": "2024-06-21", "close": 41.599998, "volume": 1248, "typical_volume": 2455.55, "trend": 50.536666, "fair_value": 62.265419, "relative_strength": -34.242483, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.190174, "energy": 51.739566, "activity_lines": [ 45.279999, 47.834545, 48.466428, 49.42172 ] }, { "date": "2024-06-28", "close": 48.0, "volume": 3951, "typical_volume": 2454.65, "trend": 50.508333, "fair_value": 61.928716, "relative_strength": -22.932076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.603781, "energy": 43.661599, "activity_lines": [ 45.793333, 47.563636, 48.394762, 49.258064 ] }, { "date": "2024-07-05", "close": 44.0, "volume": 3233, "typical_volume": 2411.3, "trend": 50.285, "fair_value": 61.579874, "relative_strength": -27.867689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.058172, "energy": 46.413426, "activity_lines": [ 45.053333, 46.623636, 47.955, 48.838172 ] }, { "date": "2024-07-12", "close": 38.0, "volume": 1713, "typical_volume": 2460.3, "trend": 49.858333, "fair_value": 61.187661, "relative_strength": -38.476092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.359136, "energy": 56.196762, "activity_lines": [ 42.546666, 44.763636, 46.972857, 48.045591 ] }, { "date": "2024-07-19", "close": 37.200001, "volume": 2400, "typical_volume": 2484.85, "trend": 49.341666, "fair_value": 60.771908, "relative_strength": -37.376629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.280054, "energy": 57.069638, "activity_lines": [ 40.506667, 42.987273, 45.974047, 47.228925 ] }, { "date": "2024-07-26", "close": 38.799999, "volume": 2290, "typical_volume": 2286.9, "trend": 48.865, "fair_value": 60.367639, "relative_strength": -33.78897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.336192, "energy": 61.339711, "activity_lines": [ 39.52, 41.854545, 45.191905, 46.548817 ] }, { "date": "2024-08-02", "close": 39.599998, "volume": 362, "typical_volume": 2199.95, "trend": 48.151666, "fair_value": 59.978318, "relative_strength": -28.215442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.008458, "energy": 60.243174, "activity_lines": [ 38.986666, 41.085454, 44.522857, 45.951075 ] }, { "date": "2024-08-09", "close": 39.400002, "volume": 4145, "typical_volume": 2109.5, "trend": 47.628333, "fair_value": 59.588942, "relative_strength": -27.11933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.812273, "energy": 45.755026, "activity_lines": [ 38.946667, 40.454545, 43.851905, 45.386451 ] }, { "date": "2024-08-16", "close": 39.799999, "volume": 845, "typical_volume": 2040.2, "trend": 47.158333, "fair_value": 59.214404, "relative_strength": -27.200844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.185638, "energy": 33.978387, "activity_lines": [ 39.346666, 40.043636, 43.26619, 44.881398 ] }, { "date": "2024-08-23", "close": 41.200001, "volume": 4957, "typical_volume": 2084.7, "trend": 46.591666, "fair_value": 58.856205, "relative_strength": -24.241759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.871363, "energy": 24.537876, "activity_lines": [ 40.093333, 40.054545, 42.836667, 44.496989 ] }, { "date": "2024-08-30", "close": 41.0, "volume": 2781, "typical_volume": 2160.8, "trend": 46.068333, "fair_value": 58.520659, "relative_strength": -24.725549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.237909, "energy": 20.462929, "activity_lines": [ 40.506667, 40.098182, 42.410952, 44.136236 ] }, { "date": "2024-09-06", "close": 34.0, "volume": 1535, "typical_volume": 1988.6, "trend": 45.511666, "fair_value": 58.20959, "relative_strength": -33.733637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.139656, "energy": 32.457009, "activity_lines": [ 38.44, 38.88, 41.354286, 43.357634 ] }, { "date": "2024-09-13", "close": 36.599998, "volume": 1033, "typical_volume": 1989.05, "trend": 45.061666, "fair_value": 57.923167, "relative_strength": -28.973321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.818086, "energy": 31.649129, "activity_lines": [ 37.613333, 38.389091, 40.627143, 42.782688 ] }, { "date": "2024-09-20", "close": 38.0, "volume": 3202, "typical_volume": 2123.45, "trend": 44.645, "fair_value": 57.686222, "relative_strength": -26.861194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.508212, "energy": 31.908475, "activity_lines": [ 37.44, 38.287272, 40.113333, 42.327097 ] }, { "date": "2024-09-27", "close": 33.799999, "volume": 3218, "typical_volume": 2179.3, "trend": 44.081666, "fair_value": 57.420513, "relative_strength": -35.621509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.800726, "energy": 46.981091, "activity_lines": [ 35.986666, 37.421818, 39.259524, 41.627419 ] }, { "date": "2024-10-04", "close": 36.799999, "volume": 3836, "typical_volume": 2279.65, "trend": 43.756666, "fair_value": 57.228205, "relative_strength": -28.256846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.175812, "energy": 34.497661, "activity_lines": [ 36.026666, 37.163636, 38.8, 41.157634 ] }, { "date": "2024-10-11", "close": 37.599998, "volume": 1854, "typical_volume": 2334.55, "trend": 43.57, "fair_value": 57.041667, "relative_strength": -25.365449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.435421, "energy": 28.759332, "activity_lines": [ 36.613332, 37.087272, 38.483333, 40.76043 ] }, { "date": "2024-10-18", "close": 41.799999, "volume": 2614, "typical_volume": 2447.0, "trend": 43.32, "fair_value": 56.899359, "relative_strength": -16.165411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.580334, "energy": 16.368065, "activity_lines": [ 38.359999, 37.810908, 38.621904, 40.646236 ] }, { "date": "2024-10-25", "close": 41.0, "volume": 4291, "typical_volume": 2615.05, "trend": 43.2, "fair_value": 56.780769, "relative_strength": -16.907417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.390784, "energy": 13.697313, "activity_lines": [ 39.493332, 38.345454, 38.711428, 40.496559 ] }, { "date": "2024-11-01", "close": 38.0, "volume": 1555, "typical_volume": 2553.15, "trend": 42.933333, "fair_value": 56.595513, "relative_strength": -20.978132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.582301, "energy": 15.06818, "activity_lines": [ 39.426666, 38.312727, 38.553333, 40.161075 ] }, { "date": "2024-11-08", "close": 36.400002, "volume": 1547, "typical_volume": 2568.1, "trend": 42.53, "fair_value": 56.335897, "relative_strength": -23.462036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.716172, "energy": 15.800999, "activity_lines": [ 38.546667, 38.047273, 38.27619, 39.73957 ] }, { "date": "2024-11-15", "close": 35.400002, "volume": 1662, "typical_volume": 2453.65, "trend": 42.003333, "fair_value": 56.197436, "relative_strength": -23.423996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.82431, "energy": 23.154542, "activity_lines": [ 37.360001, 37.683637, 37.928571, 39.27957 ] }, { "date": "2024-11-22", "close": 37.799999, "volume": 4526, "typical_volume": 2518.3, "trend": 41.483333, "fair_value": 56.087179, "relative_strength": -17.769867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.239286, "energy": 25.027242, "activity_lines": [ 37.120001, 37.730909, 37.869524, 39.008387 ] }, { "date": "2024-11-29", "close": 49.400002, "volume": 6002, "typical_volume": 2732.75, "trend": 41.443333, "fair_value": 56.060256, "relative_strength": 7.708605, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.656287, "energy": 12.078122, "activity_lines": [ 41.013334, 39.865455, 38.944762, 39.51914 ] }, { "date": "2024-12-06", "close": 44.200001, "volume": 1860, "typical_volume": 2705.75, "trend": 41.03, "fair_value": 56.00641, "relative_strength": -6.838776, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.390259, "energy": 25.230164, "activity_lines": [ 42.613334, 40.847273, 39.470476, 39.696989 ] }, { "date": "2024-12-13", "close": 44.0, "volume": 1170, "typical_volume": 2649.75, "trend": 40.803333, "fair_value": 55.967949, "relative_strength": -4.747426, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.647735, "energy": 35.373194, "activity_lines": [ 43.733334, 41.603637, 39.94381, 39.888602 ] }, { "date": "2024-12-20", "close": 40.0, "volume": 792, "typical_volume": 2671.25, "trend": 40.496667, "fair_value": 55.904487, "relative_strength": -9.972758, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.16838, "energy": 30.385156, "activity_lines": [ 43.013334, 41.501819, 40.011429, 39.836774 ] }, { "date": "2024-12-27", "close": 40.400002, "volume": 3064, "typical_volume": 2617.2, "trend": 40.26, "fair_value": 55.858974, "relative_strength": -9.063475, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.839601, "energy": 13.019534, "activity_lines": [ 42.120001, 41.429092, 40.115238, 39.830538 ] }, { "date": "2025-01-03", "close": 40.799999, "volume": 453, "typical_volume": 2597.6, "trend": 39.986667, "fair_value": 55.794872, "relative_strength": -7.962597, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.968294, "energy": 4.376331, "activity_lines": [ 41.186667, 41.454546, 40.252381, 39.865376 ] }, { "date": "2025-01-10", "close": 40.0, "volume": 577, "typical_volume": 2378.6, "trend": 39.82, "fair_value": 55.74359, "relative_strength": -9.463857, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.220202, "energy": 15.267861, "activity_lines": [ 40.56, 41.338182, 40.308572, 39.866237 ] }, { "date": "2025-01-17", "close": 45.200001, "volume": 4775, "typical_volume": 2478.3, "trend": 39.94, "fair_value": 55.735897, "relative_strength": -0.680818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.317663, "energy": 17.663225, "activity_lines": [ 41.946667, 42.13091, 40.865715, 40.213334 ] }, { "date": "2025-01-24", "close": 45.799999, "volume": 2292, "typical_volume": 2516.15, "trend": 39.866667, "fair_value": 55.725641, "relative_strength": -0.520442, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.025209, "energy": 28.180358, "activity_lines": [ 43.453333, 42.872727, 41.46, 40.591398 ] }, { "date": "2025-01-31", "close": 72.0, "volume": 26237, "typical_volume": 3776.35, "trend": 40.8, "fair_value": 55.885897, "relative_strength": 55.815667, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.936543, "energy": 72.492149, "activity_lines": [ 53.306667, 48.189091, 44.493334, 42.664516 ] }, { "date": "2025-02-07", "close": 60.0, "volume": 7350, "typical_volume": 3983.75, "trend": 41.533333, "fair_value": 55.973397, "relative_strength": 31.188798, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.449903, "energy": 70.458966, "activity_lines": [ 57.053333, 50.701818, 46.215238, 43.903226 ] }, { "date": "2025-02-14", "close": 69.0, "volume": 7043, "typical_volume": 4175.0, "trend": 42.593333, "fair_value": 56.159936, "relative_strength": 45.834459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.975492, "energy": 77.019233, "activity_lines": [ 62.52, 54.658182, 48.689524, 45.675269 ] }, { "date": "2025-02-21", "close": 66.5, "volume": 14281, "typical_volume": 4697.25, "trend": 43.516667, "fair_value": 56.360577, "relative_strength": 39.608952, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.515477, "energy": 74.788471, "activity_lines": [ 65.22, 57.709091, 50.758095, 47.217635 ] }, { "date": "2025-02-28", "close": 69.5, "volume": 7362, "typical_volume": 4972.65, "trend": 44.513333, "fair_value": 56.57532, "relative_strength": 45.099939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.362439, "energy": 68.131043, "activity_lines": [ 67.5, 60.896364, 52.970953, 48.893979 ] }, { "date": "2025-03-07", "close": 75.5, "volume": 8836, "typical_volume": 5283.75, "trend": 45.716667, "fair_value": 56.750962, "relative_strength": 55.839992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.714831, "energy": 70.205302, "activity_lines": [ 70.2, 64.638182, 55.603334, 50.893118 ] }, { "date": "2025-03-14", "close": 76.0, "volume": 6584, "typical_volume": 5398.4, "trend": 46.923333, "fair_value": 56.943269, "relative_strength": 57.683472, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.518133, "energy": 62.518288, "activity_lines": [ 72.833333, 67.832727, 58.122857, 52.846882 ] }, { "date": "2025-03-21", "close": 122.0, "volume": 83157, "typical_volume": 9478.5, "trend": 49.616667, "fair_value": 57.416026, "relative_strength": 150.989157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.933061, "energy": 81.505418, "activity_lines": [ 89.733333, 78.750909, 64.856667, 57.690538 ] }, { "date": "2025-03-28", "close": 153.0, "volume": 62702, "typical_volume": 12536.25, "trend": 53.35, "fair_value": 58.091026, "relative_strength": 211.72715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.026123, "energy": 96.222021, "activity_lines": [ 113.433333, 93.814545, 74.142857, 64.36043 ] }, { "date": "2025-04-04", "close": 117.0, "volume": 197003, "typical_volume": 22303.3, "trend": 56.116667, "fair_value": 58.533654, "relative_strength": 156.618243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.818278, "energy": 70.176227, "activity_lines": [ 119.366667, 100.372727, 79.445238, 68.466882 ] }, { "date": "2025-04-11", "close": 116.5, "volume": 36230, "typical_volume": 23888.5, "trend": 58.78, "fair_value": 59.055128, "relative_strength": 148.964112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.068687, "energy": 61.510894, "activity_lines": [ 121.966667, 105.545455, 84.311429, 72.362581 ] }, { "date": "2025-04-18", "close": 86.800003, "volume": 43317, "typical_volume": 25754.25, "trend": 60.406667, "fair_value": 59.371154, "relative_strength": 76.644386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.523501, "energy": 45.881499, "activity_lines": [ 111.933334, 104.509091, 85.974286, 74.170323 ] }, { "date": "2025-04-25", "close": 90.599998, "volume": 21810, "typical_volume": 26751.75, "trend": 62.3, "fair_value": 59.71891, "relative_strength": 76.280477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.265092, "energy": 26.539525, "activity_lines": [ 102.446667, 103.676364, 87.820952, 76.11828 ] }, { "date": "2025-05-02", "close": 87.0, "volume": 11997, "typical_volume": 27293.1, "trend": 63.973333, "fair_value": 60.066026, "relative_strength": 64.528643, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.891145, "energy": 19.787558, "activity_lines": [ 93.853333, 101.796364, 89.10381, 77.711828 ] }, { "date": "2025-05-09", "close": 98.0, "volume": 19698, "typical_volume": 28238.4, "trend": 65.986667, "fair_value": 60.477564, "relative_strength": 83.324251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.053776, "energy": 20.669529, "activity_lines": [ 93.326667, 101.543636, 91.229524, 79.907097 ] }, { "date": "2025-05-16", "close": 108.5, "volume": 37669, "typical_volume": 29968.65, "trend": 68.21, "fair_value": 60.903846, "relative_strength": 91.480022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.176189, "energy": 18.531465, "activity_lines": [ 97.566667, 102.681818, 94.079048, 82.649893 ] }, { "date": "2025-05-23", "close": 102.5, "volume": 28399, "typical_volume": 31365.95, "trend": 70.26, "fair_value": 61.307372, "relative_strength": 82.044378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.546698, "energy": 19.946382, "activity_lines": [ 100.34, 102.129091, 96.032857, 84.862151 ] }, { "date": "2025-05-30", "close": 126.5, "volume": 39971, "typical_volume": 33335.65, "trend": 73.21, "fair_value": 61.855449, "relative_strength": 117.218435, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.440042, "energy": 34.495316, "activity_lines": [ 110.066667, 105.458182, 99.978571, 88.490538 ] }, { "date": "2025-06-06", "close": 132.0, "volume": 45950, "typical_volume": 35394.4, "trend": 76.396667, "fair_value": 62.43718, "relative_strength": 118.313964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.619277, "energy": 41.430349, "activity_lines": [ 119.233333, 109.705455, 104.036191, 92.283441 ] }, { "date": "2025-06-13", "close": 79.400002, "volume": 269865, "typical_volume": 48773.05, "trend": 77.863334, "fair_value": 62.685577, "relative_strength": 33.053883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.959642, "energy": 21.94232, "activity_lines": [ 107.866667, 104.770909, 102.670953, 92.477204 ] }, { "date": "2025-06-20", "close": 70.800003, "volume": 374882, "typical_volume": 66205.3, "trend": 78.963334, "fair_value": 62.890064, "relative_strength": 18.052303, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.260527, "energy": 5.57412, "activity_lines": [ 94.873335, 98.956364, 100.326667, 92.021506 ] }, { "date": "2025-06-27", "close": 56.400002, "volume": 283921, "typical_volume": 80033.85, "trend": 79.196667, "fair_value": 62.996154, "relative_strength": -8.448055, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -3.337869, "energy": 13.662057, "activity_lines": [ 79.593335, 91.354547, 96.616667, 90.565807 ] }, { "date": "2025-07-04", "close": 60.200001, "volume": 146075, "typical_volume": 86985.45, "trend": 79.73, "fair_value": 63.125641, "relative_strength": -3.03899, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -25.474395, "energy": 38.047285, "activity_lines": [ 68.653335, 84.996365, 93.285715, 89.340216 ] }, { "date": "2025-07-11", "close": 55.200001, "volume": 84106, "typical_volume": 90476.7, "trend": 80.103334, "fair_value": 63.242628, "relative_strength": -12.7203, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.706504, "energy": 55.818121, "activity_lines": [ 60.466668, 78.281819, 89.520477, 87.757635 ] }, { "date": "2025-07-18", "close": 53.799999, "volume": 88013, "typical_volume": 94509.25, "trend": 80.563334, "fair_value": 63.355449, "relative_strength": -15.42455, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.693938, "energy": 63.463249, "activity_lines": [ 56.933334, 71.89091, 85.675715, 86.060646 ] }, { "date": "2025-07-25", "close": 47.200001, "volume": 225924, "typical_volume": 105363.65, "trend": 80.79, "fair_value": 63.425321, "relative_strength": -27.667933, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.188193, "energy": 63.393532, "activity_lines": [ 52.906667, 65.103637, 81.277144, 83.908173 ] }, { "date": "2025-08-01", "close": 44.900002, "volume": 102653, "typical_volume": 110167.1, "trend": 80.926667, "fair_value": 63.47468, "relative_strength": -29.308059, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.270417, "energy": 59.777662, "activity_lines": [ 49.686668, 59.012728, 76.794287, 81.592689 ] }, { "date": "2025-08-08", "close": 41.900002, "volume": 96825, "typical_volume": 110850.5, "trend": 80.99, "fair_value": 63.482051, "relative_strength": -35.793456, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.488719, "energy": 68.61938, "activity_lines": [ 46.233335, 53.423638, 72.17381, 79.074839 ] }, { "date": "2025-08-15", "close": 38.0, "volume": 127913, "typical_volume": 114111.05, "trend": 80.75, "fair_value": 63.475, "relative_strength": -42.543229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.443568, "energy": 73.286428, "activity_lines": [ 42.700001, 48.663637, 67.563334, 76.301291 ] }, { "date": "2025-08-22", "close": 47.900002, "volume": 245281, "typical_volume": 116524.95, "trend": 80.820001, "fair_value": 63.533333, "relative_strength": -28.9778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.547802, "energy": 63.306583, "activity_lines": [ 43.613335, 47.412728, 64.443334, 74.181936 ] }, { "date": "2025-08-29", "close": 49.799999, "volume": 141080, "typical_volume": 121767.45, "trend": 80.080001, "fair_value": 63.30641, "relative_strength": -24.554234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.071077, "energy": 55.989626, "activity_lines": [ 45.553334, 47.080001, 61.833334, 72.180646 ] }, { "date": "2025-09-05", "close": 47.799999, "volume": 143445, "typical_volume": 126773.85, "trend": 79.673334, "fair_value": 63.139103, "relative_strength": -27.858376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.957814, "energy": 44.265168, "activity_lines": [ 46.653333, 46.765455, 59.350477, 70.098065 ] }, { "date": "2025-09-12", "close": 47.400002, "volume": 82080, "typical_volume": 129787.35, "trend": 78.953334, "fair_value": 63.027564, "relative_strength": -28.887028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.472167, "energy": 61.713483, "activity_lines": [ 47.426667, 46.534546, 57.015239, 68.015915 ] }, { "date": "2025-09-19", "close": 44.400002, "volume": 83573, "typical_volume": 133366.15, "trend": 78.216667, "fair_value": 62.898718, "relative_strength": -33.769415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.363309, "energy": 71.465717, "activity_lines": [ 46.833334, 45.99091, 54.600001, 65.786667 ] }, { "date": "2025-09-26", "close": 49.494999, "volume": 139463, "typical_volume": 139354.4, "trend": 77.549834, "fair_value": 62.828814, "relative_strength": -26.449594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.652288, "energy": 70.354443, "activity_lines": [ 47.511667, 46.570001, 52.872858, 63.933657 ] }, { "date": "2025-10-03", "close": 44.395, "volume": 49781, "typical_volume": 139960.0, "trend": 76.513001, "fair_value": 62.715962, "relative_strength": -36.170387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.696334, "energy": 72.815062, "activity_lines": [ 46.383667, 46.300091, 50.890977, 61.794635 ] }, { "date": "2025-10-10", "close": 37.0, "volume": 99524, "typical_volume": 143516.25, "trend": 75.213001, "fair_value": 62.549295, "relative_strength": -46.346052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.586717, "energy": 68.669003, "activity_lines": [ 43.151, 44.736637, 48.510072, 59.245409 ] }, { "date": "2025-10-17", "close": 36.634998, "volume": 30036, "typical_volume": 143019.5, "trend": 72.367501, "fair_value": 62.367468, "relative_strength": -46.65264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.217588, "energy": 66.281577, "activity_lines": [ 40.516666, 43.250454, 46.40631, 56.756506 ] }, { "date": "2025-10-24", "close": 33.459999, "volume": 62779, "typical_volume": 143860.95, "trend": 68.382834, "fair_value": 62.169135, "relative_strength": -52.634155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.433491, "energy": 75.505902, "activity_lines": [ 37.541666, 41.282727, 44.428095, 54.246344 ] }, { "date": "2025-10-31", "close": 32.849998, "volume": 81778, "typical_volume": 134456.6, "trend": 65.577834, "fair_value": 61.770737, "relative_strength": -53.058168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.529552, "energy": 84.673601, "activity_lines": [ 35.092665, 39.286636, 42.861024, 51.953903 ] }, { "date": "2025-11-07", "close": 40.0, "volume": 239811, "typical_volume": 127703.05, "trend": 63.027834, "fair_value": 61.463045, "relative_strength": -42.148787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.290395, "energy": 60.379666, "activity_lines": [ 36.136666, 38.864181, 42.196571, 50.303721 ] }, { "date": "2025-11-14", "close": 32.0, "volume": 67065, "typical_volume": 116860.25, "trend": 61.201167, "fair_value": 61.115609, "relative_strength": -54.034802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.742947, "energy": 61.576626, "activity_lines": [ 34.806999, 37.165363, 40.916881, 48.301925 ] }, { "date": "2025-11-21", "close": 30.0, "volume": 40853, "typical_volume": 111599.15, "trend": 59.181167, "fair_value": 60.673301, "relative_strength": -55.853541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.539831, "energy": 64.530892, "activity_lines": [ 33.144, 35.390181, 39.562905, 46.288946 ] }, { "date": "2025-11-28", "close": 23.799999, "volume": 112089, "typical_volume": 112998.3, "trend": 57.0745, "fair_value": 60.261763, "relative_strength": -65.797597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.516084, "energy": 68.583359, "activity_lines": [ 29.856666, 32.80409, 37.762262, 44.00629 ] }, { "date": "2025-12-05", "close": 21.4, "volume": 166575, "typical_volume": 116926.4, "trend": 54.521167, "fair_value": 59.861122, "relative_strength": -69.449514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.177059, "energy": 87.828509, "activity_lines": [ 26.413333, 30.156181, 35.882571, 41.70471 ] }, { "date": "2025-12-12", "close": 18.6, "volume": 57514, "typical_volume": 108505.9, "trend": 51.5245, "fair_value": 59.473942, "relative_strength": -73.172906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.413198, "energy": 91.148911, "activity_lines": [ 22.8, 27.51, 33.8905, 39.387215 ] }, { "date": "2025-12-19", "close": 16.299999, "volume": 211312, "typical_volume": 113938.85, "trend": 48.651167, "fair_value": 59.080994, "relative_strength": -76.465867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.106238, "energy": 90.96105, "activity_lines": [ 19.846666, 24.914636, 31.815571, 37.114667 ] }, { "date": "2025-12-26", "close": 15.8, "volume": 135920, "typical_volume": 115893.6, "trend": 44.961167, "fair_value": 58.69766, "relative_strength": -77.057118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.695, "energy": 90.589025, "activity_lines": [ 17.773333, 22.604727, 29.829214, 34.995236 ] }, { "date": "2026-01-02", "close": 26.799999, "volume": 270582, "typical_volume": 123027.05, "trend": 41.4545, "fair_value": 58.299583, "relative_strength": -61.30401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.796173, "energy": 64.561895, "activity_lines": [ 20.313333, 22.673636, 29.014761, 33.823548 ] }, { "date": "2026-01-09", "close": 19.799999, "volume": 135276, "typical_volume": 117526.8, "trend": 39.467833, "fair_value": 57.836763, "relative_strength": -72.103766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.448717, "energy": 60.324068, "activity_lines": [ 20.319999, 21.590909, 27.586976, 32.426484 ] }, { "date": "2026-01-16", "close": 17.5, "volume": 165374, "typical_volume": 118741.5, "trend": 37.691167, "fair_value": 57.359199, "relative_strength": -75.641462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.964077, "energy": 57.682929, "activity_lines": [ 19.666666, 20.327272, 26.073952, 31.009204 ] }, { "date": "2026-01-23", "close": 16.1, "volume": 147363, "typical_volume": 118937.4, "trend": 36.347833, "fair_value": 56.889327, "relative_strength": -77.181541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.238829, "energy": 55.327403, "activity_lines": [ 18.62, 19.218181, 24.581404, 29.616226 ] }, { "date": "2026-01-30", "close": 16.799999, "volume": 114018, "typical_volume": 120534.3, "trend": 34.901167, "fair_value": 56.418173, "relative_strength": -75.866835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.2592, "energy": 57.059224, "activity_lines": [ 17.819999, 18.525454, 23.306476, 28.355075 ] }, { "date": "2026-02-06", "close": 15.0, "volume": 78342, "typical_volume": 120272.75, "trend": 33.561167, "fair_value": 55.994455, "relative_strength": -78.782862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.06791, "energy": 70.555338, "activity_lines": [ 16.353333, 17.745454, 22.005833, 27.071129 ] }, { "date": "2026-02-13", "close": 14.0, "volume": 141861, "typical_volume": 120392.65, "trend": 32.2345, "fair_value": 55.581635, "relative_strength": -79.83509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.144983, "energy": 80.604013, "activity_lines": [ 15.34, 16.943636, 20.749952, 25.809118 ] }, { "date": "2026-02-20", "close": 13.2, "volume": 90590, "typical_volume": 122433.1, "trend": 31.101167, "fair_value": 55.19125, "relative_strength": -81.017903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.671035, "energy": 80.0224, "activity_lines": [ 14.446667, 16.130909, 19.586904, 24.581086 ] }, { "date": "2026-02-27", "close": 12.1, "volume": 77445, "typical_volume": 121329.15, "trend": 30.007833, "fair_value": 54.718814, "relative_strength": -82.493125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.873112, "energy": 86.071155, "activity_lines": [ 13.473333, 15.216363, 18.467643, 23.355204 ] }, { "date": "2026-03-06", "close": 10.6, "volume": 318386, "typical_volume": 135746.65, "trend": 28.9645, "fair_value": 54.268173, "relative_strength": -83.373247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.892651, "energy": 82.596174, "activity_lines": [ 12.266667, 14.105454, 17.324095, 22.103086 ] }, { "date": "2026-03-13", "close": 10.9, "volume": 123129, "typical_volume": 138764.15, "trend": 28.061166, "fair_value": 53.912404, "relative_strength": -82.39136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.551775, "energy": 78.510377, "activity_lines": [ 11.573333, 13.143636, 16.333095, 20.937634 ] }, { "date": "2026-03-20", "close": 11.7, "volume": 987668, "typical_volume": 184058.65, "trend": 26.8545, "fair_value": 53.564968, "relative_strength": -79.25965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.402713, "energy": 68.856748, "activity_lines": [ 11.42, 12.616364, 15.525714, 19.882075 ] }, { "date": "2026-03-27", "close": 11.0, "volume": 281721, "typical_volume": 186154.15, "trend": 25.561166, "fair_value": 53.185481, "relative_strength": -79.359818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.158098, "energy": 63.090223, "activity_lines": [ 11.186667, 12.109091, 14.752381, 18.859204 ] }, { "date": "2026-04-03", "close": 11.1, "volume": 179934, "typical_volume": 191797.6, "trend": 24.337833, "fair_value": 52.813045, "relative_strength": -78.850689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.702402, "energy": 65.526902, "activity_lines": [ 11.133333, 11.738182, 14.126667, 17.926226 ] }, { "date": "2026-04-10", "close": 10.44, "volume": 78435, "typical_volume": 193676.7, "trend": 23.105833, "fair_value": 52.454327, "relative_strength": -79.991473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.418403, "energy": 80.465259, "activity_lines": [ 10.926667, 11.338182, 13.537619, 17.029591 ] }, { "date": "2026-04-17", "close": 10.6, "volume": 81607, "typical_volume": 192152.6, "trend": 21.979166, "fair_value": 52.105609, "relative_strength": -79.352737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.200068, "energy": 82.243641, "activity_lines": [ 10.784, 11.082909, 13.056952, 16.222763 ] }, { "date": "2026-04-24", "close": 10.3, "volume": 134998, "typical_volume": 190573.75, "trend": 20.672666, "fair_value": 51.770994, "relative_strength": -78.542894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.804634, "energy": 80.707832, "activity_lines": [ 10.561333, 10.853091, 12.610571, 15.469269 ] }, { "date": "2026-05-01", "close": 12.24, "volume": 179800, "typical_volume": 196688.05, "trend": 19.600833, "fair_value": 51.387917, "relative_strength": -73.116917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.614758, "energy": 56.169799, "activity_lines": [ 11.078667, 11.043273, 12.401809, 14.925226 ] }, { "date": "2026-05-08", "close": 15.9, "volume": 559019, "typical_volume": 214073.4, "trend": 18.8975, "fair_value": 51.047532, "relative_strength": -63.588284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.555624, "energy": 26.108521, "activity_lines": [ 12.733333, 11.916364, 12.571905, 14.686462 ] }, { "date": "2026-05-15", "close": 8.66, "volume": 505897, "typical_volume": 232572.25, "trend": 17.965, "fair_value": 50.667788, "relative_strength": -78.7819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.179216, "energy": 39.692959, "activity_lines": [ 11.654667, 11.404, 12.054381, 14.025978 ] }, { "date": "2026-05-22", "close": 10.38, "volume": 525602, "typical_volume": 245323.25, "trend": 17.195666, "fair_value": 50.293301, "relative_strength": -74.041673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.598542, "energy": 31.271816, "activity_lines": [ 11.268, 11.239636, 11.734667, 13.536624 ] }, { "date": "2026-05-29", "close": 6.56, "volume": 585572, "typical_volume": 267838.05, "trend": 16.319333, "fair_value": 49.829583, "relative_strength": -82.247571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.332159, "energy": 51.336224, "activity_lines": [ 9.622667, 10.390182, 11.129333, 12.850452 ] }, { "date": "2026-06-05", "close": 7.74, "volume": 137973, "typical_volume": 266468.0, "trend": 15.244, "fair_value": 49.345865, "relative_strength": -77.038617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.897024, "energy": 56.924326, "activity_lines": [ 8.62, 9.848727, 10.699429, 12.296946 ] }, { "date": "2026-06-12", "close": 7.02, "volume": 14567, "typical_volume": 259828.2, "trend": 14.411333, "fair_value": 48.910096, "relative_strength": -77.980105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.178661, "energy": 73.036284, "activity_lines": [ 7.677333, 9.235636, 10.247429, 11.766366 ] }, { "date": "2026-06-19", "close": 6.6, "volume": 79483, "typical_volume": 258101.45, "trend": 13.631333, "fair_value": 48.495994, "relative_strength": -78.644172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.676631, "energy": 80.494138, "activity_lines": [ 7.186667, 8.620364, 9.798667, 11.262409 ] }, { "date": "2026-06-26", "close": 6.45, "volume": 14639, "typical_volume": 254916.3, "trend": 13.053, "fair_value": 47.998878, "relative_strength": -78.076305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.005275, "energy": 76.916306, "activity_lines": [ 6.783333, 8.047636, 9.38419, 10.799097 ] }, { "date": "2026-07-03", "close": 6.5, "volume": 66840, "typical_volume": 251165.25, "trend": 12.556333, "fair_value": 47.508494, "relative_strength": -77.525133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.806533, "energy": 68.982091, "activity_lines": [ 6.658667, 7.559455, 9.01519, 10.376323 ] }, { "date": "2026-07-10", "close": 6.53, "volume": 35126, "typical_volume": 248392.05, "trend": 12.154, "fair_value": 47.056763, "relative_strength": -75.908072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.292752, "energy": 54.33187, "activity_lines": [ 6.548, 7.145818, 8.684762, 9.987527 ] }, { "date": "2026-07-17", "close": 6.29, "volume": 42092, "typical_volume": 246624.4, "trend": 11.820333, "fair_value": 46.615032, "relative_strength": -75.510008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.627805, "energy": 51.555037, "activity_lines": [ 6.438, 6.792364, 8.363238, 9.609204 ] }, { "date": "2026-07-24", "close": 5.48, "volume": 40560, "typical_volume": 232733.1, "trend": 11.476333, "fair_value": 46.144391, "relative_strength": -78.171662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.286873, "energy": 52.198737, "activity_lines": [ 6.106667, 6.466364, 7.992238, 9.200151 ] }, { "date": "2026-07-31", "close": 5.51, "volume": 22284, "typical_volume": 227690.85, "trend": 10.766667, "fair_value": 45.68484, "relative_strength": -77.487691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.893575, "energy": 52.009891, "activity_lines": [ 5.86, 6.203636, 7.648476, 8.815226 ] }, { "date": "2026-08-07", "close": 4.83, "volume": 85361, "typical_volume": 182575.5, "trend": 10.267667, "fair_value": 45.215801, "relative_strength": -79.905283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.955097, "energy": 59.494053, "activity_lines": [ 5.449333, 5.905818, 7.265619, 8.432215 ] } ], "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." } } }