{ "ticker": { "uuid": "7d0bac9f-4833-4210-9381-f5d367d50310", "symbol": "VICO", "name": "Vicore Pharma Holding AB (publ)", "exchange": "STO", "country": "SE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 66.924, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 27.643, "architecture_energy": 18.937, "architecture_maturity": 61.326, "architecture_confidence": 73.301, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 48.46, "rotation_up": 25.78, "upward_expansion": 55.43, "deceleration": 87.65, "rotation_down": 33.91, "downward_expansion": 19.09 }, "activity_lines": [ 11.394667, 11.702182, 11.501095, 11.201935 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 11.46, "trend_reference": 10.99, "distance_from_trend": 0.042766, "trend_direction": "Improving", "fair_value": 12.003247, "distance_from_fair_value": -0.045258, "fair_value_direction": "Improving", "relative_strength": -7.76527, "relative_strength_direction": "Weakening", "price_momentum": 0.108317, "excess_performance": 0.046823, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.042766, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036141, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.045258, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.095791, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.077653, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.028759, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.108317, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.622167, "read": "Supply-led" } ], "volume": { "latest": 2345249, "relative_activity": 0.915464, "balance": 0.622167, "dry_up": 0.860032, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.13532, "annualized_volatility": 0.369867, "from_high_reference": -0.371711, "from_low_reference": 0.329466 }, "levels": { "trend_reference": 10.99, "fair_value_reference": 12.003247, "structural_low": 9.01, "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": 17, "median_return": -0.083333, "positive_rate": 0.470588, "directional_follow_through": 0.470588, "median_excess_return": -0.048313, "regime_survival": 0.705882, "best_return": 0.836143, "worst_return": -0.275573, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.112069, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.162062, "regime_survival": 0.0, "best_return": 0.119318, "worst_return": -0.188498, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.019959, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.130298, "regime_survival": 0.5, "best_return": 0.108317, "worst_return": -0.526136, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.240458, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.315289, "regime_survival": 0.333333, "best_return": -0.012069, "worst_return": -0.636364, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-12", "end": "2024-08-16", "tenure": "Developing", "return": -0.141117, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-23", "end": "2024-09-20", "tenure": "Developing", "return": -0.571951, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2025-01-31", "tenure": "Established", "return": 0.269553, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.151724, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-16", "tenure": "Developing", "return": 0.160326, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": -0.052761, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-08-01", "tenure": "Developing", "return": 0.127065, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-10-31", "tenure": "Established", "return": -0.022414, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2026-01-16", "tenure": "Developing", "return": 0.159223, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.174121, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-06", "tenure": "New", "return": -0.080827, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-05-01", "tenure": "Developing", "return": 0.017329, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": 0.089385, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.04562, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.34, "volume": 451992, "typical_volume": 1302758.1, "trend": 17.472, "fair_value": 22.14359, "relative_strength": -28.046072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.68553, "energy": 13.008722, "activity_lines": [ 16.445334, 16.354909, 17.436381, 17.620731 ] }, { "date": "2023-08-25", "close": 14.64, "volume": 593967, "typical_volume": 1228073.85, "trend": 17.364667, "fair_value": 22.109872, "relative_strength": -30.416181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -38.092324, "energy": 32.142923, "activity_lines": [ 15.846667, 16.022182, 17.077429, 17.438021 ] }, { "date": "2023-09-01", "close": 15.58, "volume": 464854, "typical_volume": 1168939.7, "trend": 17.326, "fair_value": 22.084103, "relative_strength": -25.673774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.003863, "energy": 55.559139, "activity_lines": [ 15.593333, 15.913455, 16.832952, 17.322882 ] }, { "date": "2023-09-08", "close": 14.86, "volume": 405245, "typical_volume": 1152884.0, "trend": 17.305333, "fair_value": 22.057564, "relative_strength": -27.352361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.796168, "energy": 67.610582, "activity_lines": [ 15.189333, 15.696, 16.540476, 17.163785 ] }, { "date": "2023-09-15", "close": 14.64, "volume": 292289, "typical_volume": 1144791.4, "trend": 17.292667, "fair_value": 22.023526, "relative_strength": -27.965528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.358461, "energy": 69.490532, "activity_lines": [ 14.933333, 15.479636, 16.249714, 16.991828 ] }, { "date": "2023-09-22", "close": 16.440001, "volume": 437854, "typical_volume": 1124189.9, "trend": 17.360667, "fair_value": 21.999423, "relative_strength": -17.197575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.889177, "energy": 43.996307, "activity_lines": [ 15.409334, 15.611273, 16.151905, 16.936817 ] }, { "date": "2023-09-29", "close": 15.3, "volume": 402877, "typical_volume": 1058311.6, "trend": 17.390667, "fair_value": 21.925705, "relative_strength": -21.121062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.796112, "energy": 36.768984, "activity_lines": [ 15.432, 15.514182, 15.964381, 16.803871 ] }, { "date": "2023-10-06", "close": 14.74, "volume": 278360, "typical_volume": 986248.95, "trend": 17.408, "fair_value": 21.852244, "relative_strength": -22.177688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.025286, "energy": 37.966825, "activity_lines": [ 15.224, 15.312, 15.764952, 16.63286 ] }, { "date": "2023-10-13", "close": 14.84, "volume": 381086, "typical_volume": 880567.35, "trend": 17.412667, "fair_value": 21.794167, "relative_strength": -21.523209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.713493, "energy": 34.480313, "activity_lines": [ 15.105333, 15.167637, 15.622, 16.467183 ] }, { "date": "2023-10-20", "close": 14.24, "volume": 341352, "typical_volume": 801023.45, "trend": 17.394, "fair_value": 21.749551, "relative_strength": -19.204462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.841015, "energy": 46.699567, "activity_lines": [ 14.788, 14.974909, 15.446476, 16.262495 ] }, { "date": "2023-10-27", "close": 13.26, "volume": 419791, "typical_volume": 728257.4, "trend": 17.224, "fair_value": 21.70859, "relative_strength": -22.215841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.903818, "energy": 66.027343, "activity_lines": [ 14.170667, 14.647273, 15.192952, 15.995785 ] }, { "date": "2023-11-03", "close": 13.7, "volume": 330856, "typical_volume": 696757.15, "trend": 17.018, "fair_value": 21.663077, "relative_strength": -20.84818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.581168, "energy": 64.311963, "activity_lines": [ 13.912, 14.437455, 15.006095, 15.76843 ] }, { "date": "2023-11-10", "close": 13.2, "volume": 203539, "typical_volume": 687802.15, "trend": 16.794667, "fair_value": 21.62141, "relative_strength": -22.162935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.299587, "energy": 71.806905, "activity_lines": [ 13.593333, 14.153818, 14.79, 15.522108 ] }, { "date": "2023-11-17", "close": 13.9, "volume": 217111, "typical_volume": 668508.4, "trend": 16.604, "fair_value": 21.580385, "relative_strength": -19.874814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.387494, "energy": 61.85916, "activity_lines": [ 13.610667, 14.040727, 14.657714, 15.335355 ] }, { "date": "2023-11-24", "close": 15.4, "volume": 367928, "typical_volume": 653043.9, "trend": 16.478667, "fair_value": 21.559231, "relative_strength": -11.126347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.933904, "energy": 32.289743, "activity_lines": [ 14.190667, 14.217818, 14.683619, 15.257677 ] }, { "date": "2023-12-01", "close": 15.38, "volume": 188760, "typical_volume": 629579.35, "trend": 16.311333, "fair_value": 21.525128, "relative_strength": -11.088045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.56036, "energy": 16.693004, "activity_lines": [ 14.686667, 14.377455, 14.709429, 15.186796 ] }, { "date": "2023-12-08", "close": 14.44, "volume": 718594, "typical_volume": 616096.65, "trend": 15.992667, "fair_value": 21.456795, "relative_strength": -18.190399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.741744, "energy": 18.162271, "activity_lines": [ 14.728, 14.385455, 14.645143, 15.066065 ] }, { "date": "2023-12-15", "close": 14.9, "volume": 1177359, "typical_volume": 499384.5, "trend": 15.669333, "fair_value": 21.404231, "relative_strength": -17.598321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.059253, "energy": 17.829994, "activity_lines": [ 14.873333, 14.492727, 14.627905, 14.99557 ] }, { "date": "2023-12-22", "close": 14.78, "volume": 494387, "typical_volume": 442671.3, "trend": 15.495333, "fair_value": 21.257949, "relative_strength": -17.387602, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.380071, "energy": 13.864756, "activity_lines": [ 14.865333, 14.575273, 14.608857, 14.938194 ] }, { "date": "2023-12-29", "close": 14.18, "volume": 377532, "typical_volume": 427286.65, "trend": 15.386, "fair_value": 21.146923, "relative_strength": -20.863612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.694676, "energy": 13.140938, "activity_lines": [ 14.598667, 14.549818, 14.548857, 14.853333 ] }, { "date": "2024-01-05", "close": 14.32, "volume": 526779, "typical_volume": 431026.0, "trend": 15.248, "fair_value": 21.043846, "relative_strength": -17.385207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.746523, "energy": 16.471367, "activity_lines": [ 14.46, 14.550909, 14.51381, 14.784559 ] }, { "date": "2024-01-12", "close": 14.2, "volume": 408969, "typical_volume": 421776.1, "trend": 15.136, "fair_value": 20.945769, "relative_strength": -17.935361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.948775, "energy": 20.408857, "activity_lines": [ 14.352, 14.510909, 14.47219, 14.716946 ] }, { "date": "2024-01-19", "close": 14.6, "volume": 483376, "typical_volume": 422702.2, "trend": 15.062667, "fair_value": 20.853462, "relative_strength": -12.94856, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.640604, "energy": 18.54917, "activity_lines": [ 14.393333, 14.534545, 14.470762, 14.682366 ] }, { "date": "2024-01-26", "close": 13.48, "volume": 561329, "typical_volume": 430506.4, "trend": 14.941333, "fair_value": 20.759103, "relative_strength": -21.569725, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.954228, "energy": 35.773479, "activity_lines": [ 14.081333, 14.329091, 14.367333, 14.580258 ] }, { "date": "2024-02-02", "close": 13.16, "volume": 659784, "typical_volume": 448881.15, "trend": 14.854, "fair_value": 20.641538, "relative_strength": -23.004591, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.478609, "energy": 48.721538, "activity_lines": [ 13.749333, 14.073091, 14.24, 14.465333 ] }, { "date": "2024-02-09", "close": 15.1, "volume": 1170624, "typical_volume": 485519.65, "trend": 14.848667, "fair_value": 20.519103, "relative_strength": -10.926909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.182242, "energy": 19.020838, "activity_lines": [ 14.132, 14.210545, 14.304476, 14.481204 ] }, { "date": "2024-02-16", "close": 14.44, "volume": 817518, "typical_volume": 506251.7, "trend": 14.826, "fair_value": 20.403974, "relative_strength": -16.66613, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.336976, "energy": 17.028971, "activity_lines": [ 14.242667, 14.233091, 14.312476, 14.454839 ] }, { "date": "2024-02-23", "close": 13.9, "volume": 365486, "typical_volume": 510608.0, "trend": 14.725333, "fair_value": 20.294359, "relative_strength": -20.482212, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.370907, "energy": 19.772136, "activity_lines": [ 14.157333, 14.157455, 14.273143, 14.395097 ] }, { "date": "2024-03-01", "close": 14.38, "volume": 728003, "typical_volume": 527953.85, "trend": 14.598667, "fair_value": 20.203205, "relative_strength": -18.486382, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.90998, "energy": 14.043366, "activity_lines": [ 14.278667, 14.187273, 14.283524, 14.372817 ] }, { "date": "2024-03-08", "close": 15.46, "volume": 907260, "typical_volume": 556249.25, "trend": 14.56, "fair_value": 20.126026, "relative_strength": -13.224228, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.693253, "energy": 12.474924, "activity_lines": [ 14.7, 14.420727, 14.398952, 14.428387 ] }, { "date": "2024-03-15", "close": 15.5, "volume": 464182, "typical_volume": 558468.8, "trend": 14.565333, "fair_value": 20.059359, "relative_strength": -14.364417, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.683344, "energy": 29.994108, "activity_lines": [ 14.981333, 14.638182, 14.512381, 14.489032 ] }, { "date": "2024-03-22", "close": 15.4, "volume": 1100263, "typical_volume": 596939.15, "trend": 14.590667, "fair_value": 19.985641, "relative_strength": -14.70867, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.75413, "energy": 35.336051, "activity_lines": [ 15.202667, 14.816, 14.605619, 14.542882 ] }, { "date": "2024-03-29", "close": 14.68, "volume": 513539, "typical_volume": 612439.15, "trend": 14.560667, "fair_value": 19.913077, "relative_strength": -17.637939, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.755133, "energy": 32.390932, "activity_lines": [ 15.12, 14.841091, 14.62219, 14.548645 ] }, { "date": "2024-04-05", "close": 17.76, "volume": 3342300, "typical_volume": 768698.6, "trend": 14.657333, "fair_value": 19.871154, "relative_strength": 0.728098, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.275619, "energy": 65.375085, "activity_lines": [ 16.012, 15.424727, 14.925048, 14.755054 ] }, { "date": "2024-04-12", "close": 17.6, "volume": 1505624, "typical_volume": 825583.4, "trend": 14.756, "fair_value": 19.830769, "relative_strength": 0.233508, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.721399, "energy": 68.157475, "activity_lines": [ 16.625333, 15.901455, 15.194286, 14.944903 ] }, { "date": "2024-04-19", "close": 16.32, "volume": 830554, "typical_volume": 857673.1, "trend": 14.752, "fair_value": 19.781218, "relative_strength": -6.30456, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.456939, "energy": 59.30406, "activity_lines": [ 16.669333, 16.064727, 15.331143, 15.045806 ] }, { "date": "2024-04-26", "close": 17.299999, "volume": 606953, "typical_volume": 852091.05, "trend": 14.818667, "fair_value": 19.72641, "relative_strength": -2.386964, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.862302, "energy": 67.172092, "activity_lines": [ 16.985333, 16.384, 15.556857, 15.210193 ] }, { "date": "2024-05-03", "close": 19.24, "volume": 810735, "typical_volume": 833759.85, "trend": 14.968667, "fair_value": 19.693974, "relative_strength": 9.778623, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.526102, "energy": 70.227791, "activity_lines": [ 17.821333, 17.004, 15.953714, 15.495441 ] }, { "date": "2024-05-10", "close": 20.450001, "volume": 855297, "typical_volume": 851805.35, "trend": 15.155667, "fair_value": 19.67859, "relative_strength": 13.719969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.22529, "energy": 80.919345, "activity_lines": [ 18.756667, 17.746909, 16.445143, 15.849075 ] }, { "date": "2024-05-17", "close": 19.700001, "volume": 1494000, "typical_volume": 907628.75, "trend": 15.337667, "fair_value": 19.660641, "relative_strength": 11.627399, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.350132, "energy": 79.514247, "activity_lines": [ 19.262667, 18.243091, 16.838143, 16.142258 ] }, { "date": "2024-05-24", "close": 17.700001, "volume": 2410787, "typical_volume": 1001829.15, "trend": 15.485667, "fair_value": 19.627949, "relative_strength": 0.026164, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.520656, "energy": 58.201739, "activity_lines": [ 18.962001, 18.298546, 17.014381, 16.294667 ] }, { "date": "2024-05-31", "close": 22.0, "volume": 3379455, "typical_volume": 1150353.45, "trend": 15.762333, "fair_value": 19.616731, "relative_strength": 25.003574, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.948362, "energy": 59.919709, "activity_lines": [ 20.002667, 19.095819, 17.584048, 16.714946 ] }, { "date": "2024-06-07", "close": 23.1, "volume": 1880779, "typical_volume": 1220223.6, "trend": 16.092333, "fair_value": 19.60968, "relative_strength": 29.988146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.777587, "energy": 59.95754, "activity_lines": [ 21.096667, 19.973091, 18.221334, 17.188344 ] }, { "date": "2024-06-14", "close": 21.1, "volume": 1055546, "typical_volume": 1244934.45, "trend": 16.332333, "fair_value": 19.604231, "relative_strength": 21.373904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.83058, "energy": 51.518237, "activity_lines": [ 21.266667, 20.333637, 18.627667, 17.511419 ] }, { "date": "2024-06-21", "close": 19.620001, "volume": 800251, "typical_volume": 1251957.8, "trend": 16.473, "fair_value": 19.592821, "relative_strength": 12.292568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.827743, "energy": 49.02591, "activity_lines": [ 20.9, 20.364364, 18.856762, 17.723527 ] }, { "date": "2024-06-28", "close": 21.4, "volume": 703065, "typical_volume": 1228579.85, "trend": 16.673667, "fair_value": 19.598269, "relative_strength": 22.3682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.152021, "energy": 44.974197, "activity_lines": [ 21.132, 20.682, 19.224619, 18.041398 ] }, { "date": "2024-07-05", "close": 19.200001, "volume": 763369, "typical_volume": 1225872.4, "trend": 16.832333, "fair_value": 19.589295, "relative_strength": 10.192146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.148734, "energy": 28.434614, "activity_lines": [ 20.384001, 20.507273, 19.352953, 18.204387 ] }, { "date": "2024-07-12", "close": 19.700001, "volume": 584529, "typical_volume": 1236824.55, "trend": 16.992334, "fair_value": 19.587372, "relative_strength": 9.661001, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.170257, "energy": 21.777977, "activity_lines": [ 19.989334, 20.38891, 19.506238, 18.389398 ] }, { "date": "2024-07-19", "close": 18.74, "volume": 423149, "typical_volume": 1221581.85, "trend": 17.124333, "fair_value": 19.578654, "relative_strength": 6.600429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.336549, "energy": 17.897576, "activity_lines": [ 19.501334, 20.087637, 19.540477, 18.502151 ] }, { "date": "2024-07-26", "close": 18.6, "volume": 452148, "typical_volume": 1198826.25, "trend": 17.271667, "fair_value": 19.566474, "relative_strength": 5.558269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.221596, "energy": 20.373865, "activity_lines": [ 19.124, 19.792, 19.540619, 18.597355 ] }, { "date": "2024-08-02", "close": 17.6, "volume": 908161, "typical_volume": 1221025.2, "trend": 17.381, "fair_value": 19.549808, "relative_strength": 4.729876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.574134, "energy": 13.065656, "activity_lines": [ 18.481334, 19.334546, 19.430572, 18.618538 ] }, { "date": "2024-08-09", "close": 17.1, "volume": 963933, "typical_volume": 1214208.7, "trend": 17.477667, "fair_value": 19.521282, "relative_strength": 2.272338, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.38074, "energy": 16.774326, "activity_lines": [ 17.925333, 18.788, 19.262905, 18.600409 ] }, { "date": "2024-08-16", "close": 16.92, "volume": 655044, "typical_volume": 1221283.95, "trend": 17.555, "fair_value": 19.500256, "relative_strength": -1.649817, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.502552, "energy": 30.089082, "activity_lines": [ 17.449333, 18.297818, 19.07, 18.56443 ] }, { "date": "2024-08-23", "close": 16.4, "volume": 634963, "typical_volume": 1085917.1, "trend": 17.652334, "fair_value": 19.466282, "relative_strength": -5.538936, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.512479, "energy": 49.263323, "activity_lines": [ 16.985333, 17.825455, 18.816905, 18.489914 ] }, { "date": "2024-08-30", "close": 16.459999, "volume": 533752, "typical_volume": 1037323.5, "trend": 17.762333, "fair_value": 19.423718, "relative_strength": -6.324613, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.515934, "energy": 58.028248, "activity_lines": [ 16.697333, 17.449454, 18.576, 18.412989 ] }, { "date": "2024-09-06", "close": 15.22, "volume": 400768, "typical_volume": 1015834.2, "trend": 17.766333, "fair_value": 19.382821, "relative_strength": -9.18875, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.209292, "energy": 68.363218, "activity_lines": [ 16.138666, 16.905454, 18.222429, 18.248968 ] }, { "date": "2024-09-13", "close": 6.966486, "volume": 12530896, "typical_volume": 1612031.35, "trend": 17.517216, "fair_value": 19.294465, "relative_strength": -58.701628, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -71.22841, "energy": 87.918808, "activity_lines": [ 12.987495, 14.973179, 17.088046, 17.552204 ] }, { "date": "2024-09-20", "close": 7.02, "volume": 4253534, "typical_volume": 1784171.3, "trend": 17.287883, "fair_value": 19.208695, "relative_strength": -58.676058, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -96.792801, "energy": 98.497504, "activity_lines": [ 10.529729, 13.273061, 16.007968, 16.874964 ] }, { "date": "2024-09-27", "close": 7.16, "volume": 4806824, "typical_volume": 1981747.65, "trend": 17.047216, "fair_value": 19.127285, "relative_strength": -58.280651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.117188, "energy": 96.133062, "activity_lines": [ 8.77863, 11.828943, 14.999413, 16.221552 ] }, { "date": "2024-10-04", "close": 7.75, "volume": 13994822, "typical_volume": 2606788.75, "trend": 16.790216, "fair_value": 19.059401, "relative_strength": -53.695085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.343511, "energy": 89.953177, "activity_lines": [ 7.840198, 10.702644, 14.110335, 15.621732 ] }, { "date": "2024-10-11", "close": 8.34, "volume": 11172560, "typical_volume": 3044877.4, "trend": 16.55155, "fair_value": 18.990939, "relative_strength": -49.340849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.618644, "energy": 88.923983, "activity_lines": [ 7.679099, 9.880889, 13.334351, 15.076556 ] }, { "date": "2024-10-18", "close": 8.62, "volume": 4405910, "typical_volume": 3096200.15, "trend": 16.32555, "fair_value": 18.92658, "relative_strength": -47.188758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.069892, "energy": 86.094144, "activity_lines": [ 8.07, 9.278408, 12.629606, 14.564843 ] }, { "date": "2024-10-25", "close": 8.27, "volume": 3200872, "typical_volume": 3162204.8, "trend": 16.111883, "fair_value": 18.866003, "relative_strength": -48.780207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.127456, "energy": 66.021043, "activity_lines": [ 8.234, 8.766472, 11.955242, 14.045131 ] }, { "date": "2024-11-01", "close": 8.0, "volume": 1784745, "typical_volume": 3198664.75, "trend": 15.78655, "fair_value": 18.800619, "relative_strength": -49.253999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.116665, "energy": 65.82239, "activity_lines": [ 8.224667, 8.362717, 11.325782, 13.521783 ] }, { "date": "2024-11-08", "close": 8.12, "volume": 2629727, "typical_volume": 3290138.55, "trend": 15.47055, "fair_value": 18.743567, "relative_strength": -48.026225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.408585, "energy": 60.653983, "activity_lines": [ 8.199333, 8.133509, 10.770133, 13.027167 ] }, { "date": "2024-11-15", "close": 7.61, "volume": 2804350, "typical_volume": 3395202.8, "trend": 15.180216, "fair_value": 18.679913, "relative_strength": -49.824668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.461393, "energy": 63.043415, "activity_lines": [ 7.979333, 7.963209, 10.220673, 12.520035 ] }, { "date": "2024-11-22", "close": 7.91, "volume": 2010084, "typical_volume": 3457538.55, "trend": 14.867216, "fair_value": 18.619721, "relative_strength": -47.301056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.931229, "energy": 63.250586, "activity_lines": [ 7.908, 7.985818, 9.765452, 12.050989 ] }, { "date": "2024-11-29", "close": 7.84, "volume": 3518438, "typical_volume": 3604234.0, "trend": 14.487216, "fair_value": 18.573439, "relative_strength": -47.129349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.886299, "energy": 62.24955, "activity_lines": [ 7.860667, 7.978545, 9.357326, 11.59762 ] }, { "date": "2024-12-06", "close": 7.73, "volume": 2056761, "typical_volume": 3685914.6, "trend": 14.063216, "fair_value": 18.526452, "relative_strength": -49.330716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.074079, "energy": 62.739867, "activity_lines": [ 7.805333, 7.936364, 8.995199, 11.16167 ] }, { "date": "2024-12-13", "close": 7.78, "volume": 943600, "typical_volume": 3710487.2, "trend": 13.665883, "fair_value": 18.490298, "relative_strength": -47.291444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.082574, "energy": 87.164597, "activity_lines": [ 7.784667, 7.892909, 8.690264, 10.756302 ] }, { "date": "2024-12-20", "close": 7.86, "volume": 2072008, "typical_volume": 3768679.55, "trend": 13.337883, "fair_value": 18.455298, "relative_strength": -44.428663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.254945, "energy": 85.458168, "activity_lines": [ 7.813333, 7.863455, 8.444471, 10.381729 ] }, { "date": "2024-12-27", "close": 8.26, "volume": 1816392, "typical_volume": 3811302.5, "trend": 12.879883, "fair_value": 18.419016, "relative_strength": -41.453702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.708648, "energy": 74.629685, "activity_lines": [ 7.958667, 7.915455, 8.283154, 10.054123 ] }, { "date": "2025-01-03", "close": 9.4, "volume": 4041157, "typical_volume": 3980608.15, "trend": 12.423216, "fair_value": 18.375426, "relative_strength": -33.398112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.799079, "energy": 48.654001, "activity_lines": [ 8.460667, 8.181273, 8.272504, 9.829615 ] }, { "date": "2025-01-10", "close": 9.53, "volume": 4271501, "typical_volume": 4162435.05, "trend": 12.03755, "fair_value": 18.334849, "relative_strength": -32.284756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.716808, "energy": 27.825282, "activity_lines": [ 8.902, 8.450182, 8.310045, 9.642956 ] }, { "date": "2025-01-17", "close": 8.69, "volume": 2388645, "typical_volume": 4255179.7, "trend": 11.673216, "fair_value": 18.294785, "relative_strength": -39.833961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.904292, "energy": 27.614215, "activity_lines": [ 8.943333, 8.538545, 8.3003, 9.426985 ] }, { "date": "2025-01-24", "close": 8.61, "volume": 1207400, "typical_volume": 4295511.3, "trend": 11.246883, "fair_value": 18.261516, "relative_strength": -41.050225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.552113, "energy": 24.773466, "activity_lines": [ 8.897333, 8.602, 8.319936, 9.229358 ] }, { "date": "2025-01-31", "close": 9.09, "volume": 2929392, "typical_volume": 3815436.1, "trend": 10.909883, "fair_value": 18.231708, "relative_strength": -37.308056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.636818, "energy": 16.998582, "activity_lines": [ 8.961333, 8.734545, 8.416762, 9.090204 ] }, { "date": "2025-02-07", "close": 8.7, "volume": 1009075, "typical_volume": 3653213.15, "trend": 10.543216, "fair_value": 18.184529, "relative_strength": -38.619171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.975181, "energy": 14.061321, "activity_lines": [ 8.84, 8.774727, 8.466333, 8.947631 ] }, { "date": "2025-02-14", "close": 8.31, "volume": 1569544, "typical_volume": 3491349.15, "trend": 10.19555, "fair_value": 18.143183, "relative_strength": -42.431924, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.854704, "energy": 21.398364, "activity_lines": [ 8.635333, 8.728364, 8.470762, 8.803552 ] }, { "date": "2025-02-21", "close": 8.2, "volume": 3040623, "typical_volume": 2943639.2, "trend": 9.848883, "fair_value": 18.088311, "relative_strength": -42.786949, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.044268, "energy": 24.104552, "activity_lines": [ 8.475333, 8.651455, 8.459238, 8.674807 ] }, { "date": "2025-02-28", "close": 7.92, "volume": 2485900, "typical_volume": 2509306.2, "trend": 9.526216, "fair_value": 18.029336, "relative_strength": -44.15026, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.37378, "energy": 33.406428, "activity_lines": [ 8.254667, 8.516, 8.418905, 8.550363 ] }, { "date": "2025-03-07", "close": 7.38, "volume": 1690189, "typical_volume": 2373520.15, "trend": 9.202216, "fair_value": 17.962157, "relative_strength": -47.36141, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.163642, "energy": 46.390678, "activity_lines": [ 7.9, 8.281273, 8.329143, 8.411898 ] }, { "date": "2025-03-14", "close": 7.36, "volume": 1435238, "typical_volume": 2285238.45, "trend": 8.883549, "fair_value": 17.870554, "relative_strength": -45.904323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.665579, "energy": 61.301728, "activity_lines": [ 7.652667, 8.058909, 8.243381, 8.293045 ] }, { "date": "2025-03-21", "close": 7.65, "volume": 1433928, "typical_volume": 2267697.6, "trend": 8.591883, "fair_value": 17.783054, "relative_strength": -41.941897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.156574, "energy": 59.571332, "activity_lines": [ 7.591333, 7.926364, 8.189571, 8.213461 ] }, { "date": "2025-03-28", "close": 7.23, "volume": 931867, "typical_volume": 2182804.6, "trend": 8.284216, "fair_value": 17.683567, "relative_strength": -42.600926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.078377, "energy": 62.597659, "activity_lines": [ 7.434, 7.751636, 8.097429, 8.125598 ] }, { "date": "2025-04-04", "close": 6.8, "volume": 1888850, "typical_volume": 2137029.6, "trend": 8.00355, "fair_value": 17.570747, "relative_strength": -39.011017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -46.373874, "energy": 57.164574, "activity_lines": [ 7.198, 7.525273, 7.968571, 8.029842 ] }, { "date": "2025-04-11", "close": 6.4, "volume": 2126832, "typical_volume": 2142867.0, "trend": 7.984667, "fair_value": 17.443824, "relative_strength": -41.382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.258659, "energy": 74.19916, "activity_lines": [ 6.903333, 7.259091, 7.805476, 7.926387 ] }, { "date": "2025-04-18", "close": 6.32, "volume": 699798, "typical_volume": 2001935.0, "trend": 7.961333, "fair_value": 17.334016, "relative_strength": -43.155389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.789914, "energy": 82.266802, "activity_lines": [ 6.647333, 7.027273, 7.641952, 7.818989 ] }, { "date": "2025-04-25", "close": 7.43, "volume": 3003252, "typical_volume": 2049259.55, "trend": 7.970333, "fair_value": 17.22876, "relative_strength": -34.143911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.629903, "energy": 64.323558, "activity_lines": [ 6.830667, 7.040545, 7.591381, 7.78471 ] }, { "date": "2025-05-02", "close": 8.44, "volume": 1586702, "typical_volume": 2081414.65, "trend": 7.993333, "fair_value": 17.155811, "relative_strength": -24.985327, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.231202, "energy": 21.421959, "activity_lines": [ 7.365333, 7.253455, 7.638429, 7.815011 ] }, { "date": "2025-05-09", "close": 7.94, "volume": 1923422, "typical_volume": 2073985.35, "trend": 7.98, "fair_value": 17.085042, "relative_strength": -27.655919, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.513163, "energy": 19.384891, "activity_lines": [ 7.652667, 7.371091, 7.634714, 7.81157 ] }, { "date": "2025-05-16", "close": 8.54, "volume": 1747301, "typical_volume": 2070530.8, "trend": 7.977333, "fair_value": 16.990747, "relative_strength": -23.717625, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 14.487897, "energy": 26.085181, "activity_lines": [ 8.064, 7.597455, 7.687762, 7.847699 ] }, { "date": "2025-05-23", "close": 8.15, "volume": 1537347, "typical_volume": 1945340.3, "trend": 7.973333, "fair_value": 16.842029, "relative_strength": -24.162354, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.689823, "energy": 27.266069, "activity_lines": [ 8.202667, 7.731818, 7.702333, 7.858839 ] }, { "date": "2025-05-30", "close": 8.23, "volume": 1500604, "typical_volume": 1806795.45, "trend": 7.981, "fair_value": 16.693824, "relative_strength": -22.144135, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.694529, "energy": 24.393062, "activity_lines": [ 8.246, 7.866364, 7.730476, 7.875398 ] }, { "date": "2025-06-06", "close": 9.35, "volume": 1714575, "typical_volume": 1773091.95, "trend": 8.022, "fair_value": 16.530362, "relative_strength": -10.368008, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.962464, "energy": 47.589065, "activity_lines": [ 8.609333, 8.194, 7.871476, 7.96372 ] }, { "date": "2025-06-13", "close": 8.52, "volume": 1103855, "typical_volume": 1767914.7, "trend": 8.052333, "fair_value": 16.388824, "relative_strength": -14.36923, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.330814, "energy": 31.977815, "activity_lines": [ 8.635333, 8.332182, 7.930286, 7.995849 ] }, { "date": "2025-06-20", "close": 7.72, "volume": 1617428, "typical_volume": 1702316.5, "trend": 8.046, "fair_value": 16.251131, "relative_strength": -20.321744, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.892274, "energy": 14.351829, "activity_lines": [ 8.356, 8.293636, 7.913333, 7.974409 ] }, { "date": "2025-06-27", "close": 7.87, "volume": 1415131, "typical_volume": 1722619.3, "trend": 8.047, "fair_value": 16.133952, "relative_strength": -18.636382, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.150291, "energy": 9.393063, "activity_lines": [ 8.181333, 8.258364, 7.91719, 7.963054 ] }, { "date": "2025-07-04", "close": 7.73, "volume": 1160582, "typical_volume": 1702171.2, "trend": 8.047, "fair_value": 16.012349, "relative_strength": -18.485304, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.046096, "energy": 13.257576, "activity_lines": [ 7.978667, 8.169455, 7.911667, 7.942602 ] }, { "date": "2025-07-11", "close": 7.6, "volume": 1091958, "typical_volume": 1604737.95, "trend": 8.041, "fair_value": 15.896003, "relative_strength": -19.022485, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.415146, "energy": 20.999253, "activity_lines": [ 7.766, 8.051455, 7.896524, 7.913763 ] }, { "date": "2025-07-18", "close": 7.79, "volume": 1323230, "typical_volume": 1546604.45, "trend": 8.038667, "fair_value": 15.765811, "relative_strength": -15.180267, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.100895, "energy": 20.46677, "activity_lines": [ 7.733333, 7.983273, 7.902333, 7.89757 ] }, { "date": "2025-07-25", "close": 8.83, "volume": 1332918, "typical_volume": 1528740.9, "trend": 8.057667, "fair_value": 15.637798, "relative_strength": -4.099744, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.07052, "energy": 8.201198, "activity_lines": [ 8.096, 8.106909, 8.00781, 7.948624 ] }, { "date": "2025-08-01", "close": 8.87, "volume": 2202240, "typical_volume": 1567091.0, "trend": 8.04, "fair_value": 15.499785, "relative_strength": 1.099606, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.010837, "energy": 27.06626, "activity_lines": [ 8.398, 8.232545, 8.11019, 8.001032 ] }, { "date": "2025-08-08", "close": 11.6, "volume": 6433322, "typical_volume": 1817060.7, "trend": 8.109, "fair_value": 15.387285, "relative_strength": 30.50229, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.117153, "energy": 79.368622, "activity_lines": [ 9.543333, 8.841455, 8.465381, 8.23071 ] }, { "date": "2025-08-15", "close": 11.58, "volume": 6056651, "typical_volume": 2073299.9, "trend": 8.205333, "fair_value": 15.25799, "relative_strength": 30.097377, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.767695, "energy": 88.657022, "activity_lines": [ 10.424, 9.385455, 8.799857, 8.454645 ] }, { "date": "2025-08-22", "close": 11.08, "volume": 5106842, "typical_volume": 2234199.5, "trend": 8.287667, "fair_value": 15.15017, "relative_strength": 23.844925, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.741211, "energy": 84.082709, "activity_lines": [ 10.872667, 9.798, 9.066, 8.640108 ] }, { "date": "2025-08-29", "close": 11.66, "volume": 2164549, "typical_volume": 2236085.35, "trend": 8.373333, "fair_value": 15.005683, "relative_strength": 34.969429, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.489142, "energy": 87.276123, "activity_lines": [ 11.295333, 10.269455, 9.367, 8.857677 ] }, { "date": "2025-09-05", "close": 12.1, "volume": 3167135, "typical_volume": 2359452.2, "trend": 8.486667, "fair_value": 14.876516, "relative_strength": 41.273697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.569891, "energy": 87.221832, "activity_lines": [ 11.676, 10.749273, 9.684857, 9.098108 ] }, { "date": "2025-09-12", "close": 11.08, "volume": 2133082, "typical_volume": 2315943.7, "trend": 8.579, "fair_value": 14.778952, "relative_strength": 27.848597, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.3656, "energy": 58.525084, "activity_lines": [ 11.501333, 10.966727, 9.878048, 9.265419 ] }, { "date": "2025-09-19", "close": 10.26, "volume": 2750172, "typical_volume": 2374117.2, "trend": 8.647667, "fair_value": 14.700811, "relative_strength": 17.10066, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.650573, "energy": 47.563373, "activity_lines": [ 11.088, 10.974182, 9.975762, 9.373871 ] }, { "date": "2025-09-26", "close": 12.42, "volume": 4657426, "typical_volume": 2510817.4, "trend": 8.797667, "fair_value": 14.594849, "relative_strength": 40.233065, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.612777, "energy": 49.978662, "activity_lines": [ 11.482667, 11.326, 10.270524, 9.617247 ] }, { "date": "2025-10-03", "close": 12.78, "volume": 6751481, "typical_volume": 2761026.4, "trend": 8.977667, "fair_value": 14.469721, "relative_strength": 38.48054, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.489259, "energy": 48.388038, "activity_lines": [ 11.908, 11.659091, 10.578238, 9.874172 ] }, { "date": "2025-10-10", "close": 11.62, "volume": 4190572, "typical_volume": 2893687.65, "trend": 9.119667, "fair_value": 14.364721, "relative_strength": 26.14194, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.373842, "energy": 40.452462, "activity_lines": [ 11.872, 11.709455, 10.755286, 10.044645 ] }, { "date": "2025-10-17", "close": 11.44, "volume": 3209126, "typical_volume": 2979113.75, "trend": 9.246, "fair_value": 14.257926, "relative_strength": 23.829925, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.735446, "energy": 40.037674, "activity_lines": [ 11.808, 11.677091, 10.898667, 10.194344 ] }, { "date": "2025-10-24", "close": 11.18, "volume": 1850637, "typical_volume": 2985916.85, "trend": 9.377667, "fair_value": 14.138567, "relative_strength": 16.764039, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.280526, "energy": 32.868244, "activity_lines": [ 11.633333, 11.600364, 11.002, 10.319118 ] }, { "date": "2025-10-31", "close": 11.34, "volume": 1959201, "typical_volume": 3028684.15, "trend": 9.529, "fair_value": 14.009657, "relative_strength": 18.639388, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.957283, "energy": 21.603033, "activity_lines": [ 11.450667, 11.56, 11.111857, 10.44572 ] }, { "date": "2025-11-07", "close": 10.3, "volume": 1752166, "typical_volume": 3035421.05, "trend": 9.659, "fair_value": 13.905811, "relative_strength": 8.737539, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.93302, "energy": 16.439931, "activity_lines": [ 10.993333, 11.325818, 11.109238, 10.495462 ] }, { "date": "2025-11-14", "close": 9.96, "volume": 3531014, "typical_volume": 3141215.2, "trend": 9.780333, "fair_value": 13.79658, "relative_strength": 3.897769, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.441209, "energy": 10.905918, "activity_lines": [ 10.588, 11.054545, 11.061952, 10.514882 ] }, { "date": "2025-11-21", "close": 10.24, "volume": 3604204, "typical_volume": 3263396.3, "trend": 9.874, "fair_value": 13.685939, "relative_strength": 8.715472, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.020585, "energy": 13.825234, "activity_lines": [ 10.386667, 10.873091, 11.031381, 10.544538 ] }, { "date": "2025-11-28", "close": 10.1, "volume": 2433985, "typical_volume": 3330497.65, "trend": 9.929333, "fair_value": 13.596836, "relative_strength": 3.540394, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.323776, "energy": 15.165072, "activity_lines": [ 10.218667, 10.681455, 10.975524, 10.559118 ] }, { "date": "2025-12-05", "close": 10.28, "volume": 2339510, "typical_volume": 3381311.65, "trend": 10.007333, "fair_value": 13.538375, "relative_strength": 3.550215, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.952253, "energy": 14.188543, "activity_lines": [ 10.182667, 10.525455, 10.924905, 10.581742 ] }, { "date": "2025-12-12", "close": 10.0, "volume": 1552888, "typical_volume": 3392310.15, "trend": 10.056, "fair_value": 13.48376, "relative_strength": 0.653757, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.018285, "energy": 18.659475, "activity_lines": [ 10.124, 10.357455, 10.835762, 10.581269 ] }, { "date": "2025-12-19", "close": 9.82, "volume": 2011979, "typical_volume": 3382797.1, "trend": 10.111667, "fair_value": 13.43017, "relative_strength": -2.012628, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.677391, "energy": 24.296733, "activity_lines": [ 10.025333, 10.207273, 10.723905, 10.566043 ] }, { "date": "2025-12-26", "close": 11.08, "volume": 1654970, "typical_volume": 3143879.5, "trend": 10.206667, "fair_value": 13.386452, "relative_strength": 9.913881, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.823803, "energy": 13.726212, "activity_lines": [ 10.356, 10.318909, 10.727524, 10.628516 ] }, { "date": "2026-01-02", "close": 10.98, "volume": 2075124, "typical_volume": 2944803.15, "trend": 10.261, "fair_value": 13.331965, "relative_strength": 7.668553, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.622331, "energy": 13.658901, "activity_lines": [ 10.597333, 10.418909, 10.724095, 10.678409 ] }, { "date": "2026-01-09", "close": 12.46, "volume": 6759459, "typical_volume": 3027434.0, "trend": 10.392333, "fair_value": 13.274657, "relative_strength": 18.079716, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.17006, "energy": 34.019885, "activity_lines": [ 11.273333, 10.791636, 10.864476, 10.82028 ] }, { "date": "2026-01-16", "close": 11.94, "volume": 3711019, "typical_volume": 3104757.5, "trend": 10.533, "fair_value": 13.22799, "relative_strength": 10.386459, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.883126, "energy": 43.045626, "activity_lines": [ 11.630667, 11.049455, 10.948762, 10.920129 ] }, { "date": "2026-01-23", "close": 12.52, "volume": 4198172, "typical_volume": 3156309.35, "trend": 10.688, "fair_value": 13.19376, "relative_strength": 16.143251, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.722108, "energy": 61.209333, "activity_lines": [ 12.052, 11.382909, 11.086952, 11.048323 ] }, { "date": "2026-01-30", "close": 11.16, "volume": 2963021, "typical_volume": 3197806.3, "trend": 10.802333, "fair_value": 13.15799, "relative_strength": 2.927521, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.241931, "energy": 50.199802, "activity_lines": [ 11.84, 11.422545, 11.093619, 11.078774 ] }, { "date": "2026-02-06", "close": 10.34, "volume": 2736999, "typical_volume": 3197147.65, "trend": 10.893667, "fair_value": 13.125042, "relative_strength": -7.51321, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.768047, "energy": 16.414344, "activity_lines": [ 11.349333, 11.296364, 11.02181, 11.048946 ] }, { "date": "2026-02-13", "close": 10.64, "volume": 1919819, "typical_volume": 3060267.3, "trend": 10.988667, "fair_value": 13.096965, "relative_strength": -4.988299, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.479869, "energy": 5.164365, "activity_lines": [ 11.001333, 11.220364, 10.97819, 11.032581 ] }, { "date": "2026-02-20", "close": 10.7, "volume": 1965789, "typical_volume": 2820982.7, "trend": 11.051, "fair_value": 13.073247, "relative_strength": -6.453632, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.342186, "energy": 18.940012, "activity_lines": [ 10.794667, 11.148727, 10.948762, 11.013957 ] }, { "date": "2026-02-27", "close": 10.06, "volume": 2408295, "typical_volume": 2731868.85, "trend": 11.090667, "fair_value": 13.045426, "relative_strength": -13.302639, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.168155, "energy": 33.312744, "activity_lines": [ 10.457333, 10.948, 10.868286, 10.950022 ] }, { "date": "2026-03-06", "close": 9.78, "volume": 3137258, "typical_volume": 2728275.45, "trend": 11.03, "fair_value": 13.016965, "relative_strength": -10.851297, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.32923, "energy": 51.656744, "activity_lines": [ 10.190667, 10.692, 10.768571, 10.865462 ] }, { "date": "2026-03-13", "close": 9.81, "volume": 1851647, "typical_volume": 2728325.95, "trend": 10.971, "fair_value": 12.985619, "relative_strength": -10.232306, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.945, "energy": 54.010347, "activity_lines": [ 10.026, 10.465091, 10.679619, 10.786753 ] }, { "date": "2026-03-20", "close": 9.48, "volume": 1716622, "typical_volume": 2716197.0, "trend": 10.917667, "fair_value": 12.951516, "relative_strength": -8.78144, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.957841, "energy": 58.053129, "activity_lines": [ 9.786667, 10.199455, 10.565762, 10.690559 ] }, { "date": "2026-03-27", "close": 9.84, "volume": 6237066, "typical_volume": 2940442.0, "trend": 10.857, "fair_value": 12.896901, "relative_strength": -5.588453, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.525801, "energy": 47.814578, "activity_lines": [ 9.744667, 10.053455, 10.495048, 10.621032 ] }, { "date": "2026-04-03", "close": 10.18, "volume": 1895119, "typical_volume": 2858647.25, "trend": 10.793, "fair_value": 12.834721, "relative_strength": -5.906527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.668145, "energy": 31.850375, "activity_lines": [ 9.873333, 10.007455, 10.458905, 10.577355 ] }, { "date": "2026-04-10", "close": 9.97, "volume": 2341263, "typical_volume": 2795500.2, "trend": 10.756, "fair_value": 12.771067, "relative_strength": -12.303804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.537199, "energy": 29.207104, "activity_lines": [ 9.924, 9.965818, 10.401714, 10.524258 ] }, { "date": "2026-04-17", "close": 10.58, "volume": 1997959, "typical_volume": 2773698.9, "trend": 10.766667, "fair_value": 12.713119, "relative_strength": -9.356657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.403511, "energy": 15.463325, "activity_lines": [ 10.165333, 10.056727, 10.403905, 10.512903 ] }, { "date": "2026-04-24", "close": 10.16, "volume": 3164860, "typical_volume": 2814966.4, "trend": 10.691333, "fair_value": 12.655426, "relative_strength": -10.780464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.795327, "energy": 15.536293, "activity_lines": [ 10.215333, 10.066909, 10.36381, 10.473763 ] }, { "date": "2026-05-01", "close": 9.98, "volume": 1243352, "typical_volume": 2799489.6, "trend": 10.598, "fair_value": 12.588631, "relative_strength": -11.121335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.378439, "energy": 15.323769, "activity_lines": [ 10.16, 10.053091, 10.307143, 10.427871 ] }, { "date": "2026-05-08", "close": 10.74, "volume": 2204331, "typical_volume": 2809107.2, "trend": 10.568667, "fair_value": 12.503631, "relative_strength": -4.889399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.686453, "energy": 12.364951, "activity_lines": [ 10.348667, 10.190545, 10.322952, 10.437032 ] }, { "date": "2026-05-15", "close": 11.48, "volume": 3129439, "typical_volume": 2882830.65, "trend": 10.57, "fair_value": 12.419529, "relative_strength": 2.683187, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.877414, "energy": 18.029756, "activity_lines": [ 10.746667, 10.450182, 10.404857, 10.495828 ] }, { "date": "2026-05-22", "close": 11.92, "volume": 2873750, "typical_volume": 2922761.95, "trend": 10.594667, "fair_value": 12.367734, "relative_strength": 2.632464, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.043664, "energy": 37.617001, "activity_lines": [ 11.190667, 10.758909, 10.526762, 10.582925 ] }, { "date": "2026-05-29", "close": 11.7, "volume": 3669640, "typical_volume": 2768271.0, "trend": 10.606667, "fair_value": 12.330811, "relative_strength": 0.769998, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.309714, "energy": 55.22764, "activity_lines": [ 11.472, 10.989273, 10.623238, 10.654237 ] }, { "date": "2026-06-05", "close": 10.96, "volume": 817438, "typical_volume": 2623591.95, "trend": 10.628667, "fair_value": 12.282734, "relative_strength": -4.851922, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.955899, "energy": 50.990622, "activity_lines": [ 11.404, 11.044727, 10.652857, 10.677032 ] }, { "date": "2026-06-12", "close": 10.58, "volume": 993408, "typical_volume": 2463353.75, "trend": 10.649333, "fair_value": 12.23799, "relative_strength": -8.035825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.035051, "energy": 31.761573, "activity_lines": [ 11.144, 11.010727, 10.650952, 10.673892 ] }, { "date": "2026-06-19", "close": 11.5, "volume": 2335068, "typical_volume": 2431956.1, "trend": 10.691333, "fair_value": 12.204016, "relative_strength": -2.32072, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.720389, "energy": 27.586235, "activity_lines": [ 11.201333, 11.136727, 10.745905, 10.728774 ] }, { "date": "2026-06-26", "close": 12.32, "volume": 389376, "typical_volume": 2314574.95, "trend": 10.765333, "fair_value": 12.173247, "relative_strength": 5.058709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.306945, "energy": 36.453734, "activity_lines": [ 11.530667, 11.384, 10.917333, 10.833849 ] }, { "date": "2026-07-03", "close": 13.44, "volume": 1258848, "typical_volume": 2281526.4, "trend": 10.870667, "fair_value": 12.158247, "relative_strength": 10.701639, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.009514, "energy": 67.329065, "activity_lines": [ 12.206667, 11.803273, 11.186, 11.006409 ] }, { "date": "2026-07-10", "close": 12.76, "volume": 7872397, "typical_volume": 2576856.8, "trend": 10.962667, "fair_value": 12.142221, "relative_strength": 6.825541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.452619, "energy": 62.227695, "activity_lines": [ 12.54, 12.039273, 11.376571, 11.128301 ] }, { "date": "2026-07-17", "close": 11.36, "volume": 2658173, "typical_volume": 2589350.7, "trend": 11.014, "fair_value": 12.118119, "relative_strength": -4.233066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.094043, "energy": 51.919948, "activity_lines": [ 12.286667, 11.970182, 11.424, 11.153935 ] }, { "date": "2026-07-24", "close": 11.22, "volume": 1620808, "typical_volume": 2513528.2, "trend": 11.018667, "fair_value": 12.08158, "relative_strength": -7.026941, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.016868, "energy": 31.269182, "activity_lines": [ 11.934667, 11.864364, 11.451905, 11.167226 ] }, { "date": "2026-07-31", "close": 11.12, "volume": 2188742, "typical_volume": 2530382.95, "trend": 11.023333, "fair_value": 12.036324, "relative_strength": -9.162619, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.12824, "energy": 15.822036, "activity_lines": [ 11.568, 11.745091, 11.463429, 11.173763 ] }, { "date": "2026-08-07", "close": 11.46, "volume": 2345249, "typical_volume": 2561814.3, "trend": 10.99, "fair_value": 12.003247, "relative_strength": -7.76527, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.643114, "energy": 18.936861, "activity_lines": [ 11.394667, 11.702182, 11.501095, 11.201935 ] } ], "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." } } }