{ "ticker": { "uuid": "7e7c1ac8-9128-444f-8178-d6cc8a581b67", "symbol": "NRDS", "name": "Nerdwallet Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 75.458, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -4.028, "architecture_energy": 6.192, "architecture_maturity": 22.677, "architecture_confidence": 59.487, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 61.87, "rotation_up": 28.3, "upward_expansion": 25.11, "deceleration": 49.37, "rotation_down": 22.12, "downward_expansion": 49.45 }, "activity_lines": [ 9.345333, 9.210182, 9.140405, 9.404871 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 9.91, "trend_reference": 9.9055, "distance_from_trend": 0.000454, "trend_direction": "Weakening", "fair_value": 11.85484, "distance_from_fair_value": -0.164054, "fair_value_direction": "Improving", "relative_strength": -21.415644, "relative_strength_direction": "Improving", "price_momentum": -0.059772, "excess_performance": -0.247226, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.000454, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.148048, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.164054, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.071139, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.214156, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.119841, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.059772, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.139991, "read": "Demand-led" } ], "volume": { "latest": 4887738, "relative_activity": 1.279591, "balance": 1.139991, "dry_up": 0.84212, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.081789, "annualized_volatility": 0.525857, "from_high_reference": -0.389778, "from_low_reference": 0.351978 }, "levels": { "trend_reference": 9.9055, "fair_value_reference": 11.85484, "structural_low": 7.33, "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": 10, "median_return": 0.012797, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.008393, "regime_survival": 0.7, "best_return": 0.177665, "worst_return": -0.285714, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.101773, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.137692, "regime_survival": 0.25, "best_return": 0.444757, "worst_return": -0.305248, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.117495, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.165818, "regime_survival": 0.666667, "best_return": 0.142226, "worst_return": -0.171909, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.216317, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.422904, "regime_survival": 0.5, "best_return": -0.163428, "worst_return": -0.269206, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-07-19", "tenure": "New", "return": -0.029697, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-26", "end": "2024-07-26", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": 0.00266, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-11-08", "tenure": "Established", "return": 0.329642, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-11-29", "tenure": "New", "return": 0.008646, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-02-14", "tenure": "Developing", "return": 0.028825, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.090029, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-30", "tenure": "Developing", "return": 0.169811, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-10-31", "tenure": "Established", "return": 0.046637, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2026-01-02", "tenure": "Developing", "return": -0.052053, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-09", "end": "2026-02-13", "tenure": "Developing", "return": -0.323022, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.016765, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-07-31", "tenure": "Established", "return": -0.1, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.02, "volume": 1252596, "typical_volume": 2709489.6, "trend": 12.6575, "fair_value": 12.293777, "relative_strength": -35.298816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.877324, "energy": 42.385271, "activity_lines": [ 9.644667, 9.738727, 9.97019, 11.154677 ] }, { "date": "2023-08-25", "close": 8.77, "volume": 1331797, "typical_volume": 2645749.55, "trend": 12.554167, "fair_value": 12.256684, "relative_strength": -37.796312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.623817, "energy": 56.689872, "activity_lines": [ 9.267333, 9.543818, 9.792667, 10.903871 ] }, { "date": "2023-09-01", "close": 9.14, "volume": 977887, "typical_volume": 2564509.95, "trend": 12.4355, "fair_value": 12.224219, "relative_strength": -37.218261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.229083, "energy": 55.136665, "activity_lines": [ 9.098, 9.450727, 9.67819, 10.683602 ] }, { "date": "2023-09-08", "close": 8.43, "volume": 1217697, "typical_volume": 2514809.55, "trend": 12.2575, "fair_value": 12.185103, "relative_strength": -40.894897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.50024, "energy": 63.315235, "activity_lines": [ 8.830667, 9.25, 9.51981, 10.425183 ] }, { "date": "2023-09-15", "close": 9.3, "volume": 2648699, "typical_volume": 2534668.85, "trend": 11.983167, "fair_value": 12.155663, "relative_strength": -34.048424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.297279, "energy": 45.241952, "activity_lines": [ 8.946667, 9.225273, 9.475667, 10.234376 ] }, { "date": "2023-09-22", "close": 8.79, "volume": 1235329, "typical_volume": 2188321.9, "trend": 11.618833, "fair_value": 12.121667, "relative_strength": -35.171277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.88666, "energy": 41.619193, "activity_lines": [ 8.899333, 9.096545, 9.403286, 10.028366 ] }, { "date": "2023-09-29", "close": 8.89, "volume": 1425555, "typical_volume": 2047966.0, "trend": 11.198167, "fair_value": 12.08935, "relative_strength": -34.212386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.925955, "energy": 38.532479, "activity_lines": [ 8.900667, 9.004909, 9.341524, 9.852312 ] }, { "date": "2023-10-06", "close": 8.7, "volume": 1876197, "typical_volume": 1991645.0, "trend": 10.851, "fair_value": 12.055792, "relative_strength": -36.286325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.667674, "energy": 35.115704, "activity_lines": [ 8.830667, 8.899636, 9.260952, 9.69114 ] }, { "date": "2023-10-13", "close": 8.25, "volume": 1847221, "typical_volume": 1964385.35, "trend": 10.545, "fair_value": 12.01848, "relative_strength": -39.142987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.665297, "energy": 41.843866, "activity_lines": [ 8.64, 8.758364, 9.141381, 9.523333 ] }, { "date": "2023-10-20", "close": 7.23, "volume": 1795506, "typical_volume": 1915035.25, "trend": 10.212, "fair_value": 11.97199, "relative_strength": -44.511905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.438846, "energy": 55.469564, "activity_lines": [ 8.121333, 8.460364, 8.930571, 9.309462 ] }, { "date": "2023-10-27", "close": 9.34, "volume": 10160535, "typical_volume": 2323560.5, "trend": 9.984, "fair_value": 11.946683, "relative_strength": -25.87662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.102182, "energy": 34.307101, "activity_lines": [ 8.444, 8.585455, 8.934429, 9.253204 ] }, { "date": "2023-11-03", "close": 11.46, "volume": 6728192, "typical_volume": 2516674.4, "trend": 9.879, "fair_value": 11.942048, "relative_strength": -13.714198, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -1.981505, "energy": 5.400759, "activity_lines": [ 9.436667, 9.090182, 9.143667, 9.34843 ] }, { "date": "2023-11-10", "close": 10.81, "volume": 2333608, "typical_volume": 2510655.6, "trend": 9.768667, "fair_value": 11.931368, "relative_strength": -20.194025, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.795995, "energy": 25.772848, "activity_lines": [ 10.041333, 9.427818, 9.287238, 9.408495 ] }, { "date": "2023-11-17", "close": 11.08, "volume": 1610029, "typical_volume": 2493500.0, "trend": 9.637333, "fair_value": 11.923411, "relative_strength": -18.863249, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.493186, "energy": 37.700727, "activity_lines": [ 10.595333, 9.784182, 9.45419, 9.493097 ] }, { "date": "2023-11-24", "close": 11.11, "volume": 1131651, "typical_volume": 2467980.25, "trend": 9.555333, "fair_value": 11.91588, "relative_strength": -18.541397, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.845729, "energy": 66.311691, "activity_lines": [ 10.970667, 10.097818, 9.616048, 9.588108 ] }, { "date": "2023-12-01", "close": 12.5, "volume": 1910302, "typical_volume": 2475267.5, "trend": 9.671333, "fair_value": 11.921239, "relative_strength": -7.842102, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.009319, "energy": 78.302058, "activity_lines": [ 11.550667, 10.631273, 9.898714, 9.778086 ] }, { "date": "2023-12-08", "close": 12.92, "volume": 1847336, "typical_volume": 2481622.8, "trend": 9.810667, "fair_value": 11.930318, "relative_strength": -5.146628, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.649327, "energy": 79.967121, "activity_lines": [ 12.06, 11.173636, 10.208667, 9.987677 ] }, { "date": "2023-12-15", "close": 14.17, "volume": 2220676, "typical_volume": 2499230.45, "trend": 9.966, "fair_value": 11.950495, "relative_strength": 0.621162, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.37045, "energy": 87.736858, "activity_lines": [ 12.888667, 11.87, 10.623952, 10.268925 ] }, { "date": "2023-12-22", "close": 14.45, "volume": 1471232, "typical_volume": 2348875.2, "trend": 10.131333, "fair_value": 11.972812, "relative_strength": 1.557152, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.253445, "energy": 90.249128, "activity_lines": [ 13.586667, 12.517818, 11.051857, 10.558215 ] }, { "date": "2023-12-29", "close": 14.72, "volume": 1466806, "typical_volume": 2324442.55, "trend": 10.285, "fair_value": 11.997124, "relative_strength": 3.132966, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.877591, "energy": 89.646566, "activity_lines": [ 14.15, 13.102, 11.483476, 10.854258 ] }, { "date": "2024-01-05", "close": 13.33, "volume": 1148840, "typical_volume": 2319254.75, "trend": 10.393667, "fair_value": 12.008816, "relative_strength": -3.485925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.665711, "energy": 79.345706, "activity_lines": [ 14.009333, 13.297273, 11.757381, 11.05071 ] }, { "date": "2024-01-12", "close": 14.29, "volume": 1687939, "typical_volume": 2337061.85, "trend": 10.514333, "fair_value": 12.028652, "relative_strength": 0.340707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.118979, "energy": 61.76424, "activity_lines": [ 14.133333, 13.594545, 12.10219, 11.302086 ] }, { "date": "2024-01-19", "close": 15.02, "volume": 1024724, "typical_volume": 2339403.7, "trend": 10.671, "fair_value": 12.05444, "relative_strength": 2.64748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.708935, "energy": 61.731034, "activity_lines": [ 14.409333, 13.973091, 12.490238, 11.592774 ] }, { "date": "2024-01-26", "close": 16.09, "volume": 1431490, "typical_volume": 2350093.35, "trend": 10.893667, "fair_value": 12.088932, "relative_strength": 9.421547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.647679, "energy": 71.549853, "activity_lines": [ 14.985333, 14.469636, 12.95219, 11.942387 ] }, { "date": "2024-02-02", "close": 15.49, "volume": 1016540, "typical_volume": 2268485.4, "trend": 11.120667, "fair_value": 12.117754, "relative_strength": 4.391769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.707911, "energy": 82.819624, "activity_lines": [ 15.252, 14.766, 13.320524, 12.238925 ] }, { "date": "2024-02-09", "close": 15.52, "volume": 882858, "typical_volume": 2250861.85, "trend": 11.310333, "fair_value": 12.146345, "relative_strength": 3.287307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.013094, "energy": 83.835833, "activity_lines": [ 15.477333, 14.988182, 13.662238, 12.522753 ] }, { "date": "2024-02-16", "close": 16.93, "volume": 2605898, "typical_volume": 2309879.0, "trend": 11.54, "fair_value": 12.186208, "relative_strength": 15.614141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.324198, "energy": 89.341378, "activity_lines": [ 16.026667, 15.411818, 14.10619, 12.885312 ] }, { "date": "2024-02-23", "close": 16.61, "volume": 1357831, "typical_volume": 2283960.7, "trend": 11.719667, "fair_value": 12.222769, "relative_strength": 13.746153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.79273, "energy": 71.228032, "activity_lines": [ 16.293333, 15.704364, 14.481381, 13.212409 ] }, { "date": "2024-03-01", "close": 16.91, "volume": 2137257, "typical_volume": 2298462.5, "trend": 11.955667, "fair_value": 12.261189, "relative_strength": 15.792045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.848046, "energy": 67.820767, "activity_lines": [ 16.554, 16.007091, 14.847476, 13.547269 ] }, { "date": "2024-03-08", "close": 15.94, "volume": 1957410, "typical_volume": 2306557.7, "trend": 12.173667, "fair_value": 12.291098, "relative_strength": 12.800131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.885074, "energy": 62.19604, "activity_lines": [ 16.436667, 16.088727, 15.079952, 13.804323 ] }, { "date": "2024-03-15", "close": 15.3, "volume": 2002413, "typical_volume": 1898651.6, "trend": 12.383, "fair_value": 12.315363, "relative_strength": 11.017082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.548036, "energy": 52.104739, "activity_lines": [ 16.076, 16.031818, 15.21, 14.006022 ] }, { "date": "2024-03-22", "close": 15.16, "volume": 2036040, "typical_volume": 1664044.0, "trend": 12.596, "fair_value": 12.33812, "relative_strength": 8.217067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.880626, "energy": 35.966707, "activity_lines": [ 15.683333, 15.913636, 15.298333, 14.185183 ] }, { "date": "2024-03-29", "close": 14.7, "volume": 1897107, "typical_volume": 1642218.95, "trend": 12.781333, "fair_value": 12.356865, "relative_strength": 6.646617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.864842, "energy": 24.772033, "activity_lines": [ 15.255333, 15.696, 15.325238, 14.320925 ] }, { "date": "2024-04-05", "close": 13.81, "volume": 1171556, "typical_volume": 1620295.3, "trend": 12.960667, "fair_value": 12.368307, "relative_strength": 1.935199, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.517448, "energy": 22.004575, "activity_lines": [ 14.658, 15.322364, 15.248857, 14.38729 ] }, { "date": "2024-04-12", "close": 13.85, "volume": 1346879, "typical_volume": 1631056.7, "trend": 13.112333, "fair_value": 12.379883, "relative_strength": 3.586677, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.382599, "energy": 21.254926, "activity_lines": [ 14.280667, 14.997455, 15.163286, 14.444667 ] }, { "date": "2024-04-19", "close": 13.31, "volume": 1822296, "typical_volume": 1626656.4, "trend": 13.263, "fair_value": 12.387093, "relative_strength": 6.26735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.057132, "energy": 29.697305, "activity_lines": [ 13.862667, 14.604182, 15.013238, 14.457419 ] }, { "date": "2024-04-26", "close": 12.89, "volume": 2262754, "typical_volume": 1647427.3, "trend": 13.396333, "fair_value": 12.390962, "relative_strength": -0.199391, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -16.620497, "energy": 36.410424, "activity_lines": [ 13.437333, 14.174727, 14.819333, 14.433355 ] }, { "date": "2024-05-03", "close": 13.81, "volume": 2748469, "typical_volume": 1673816.95, "trend": 13.566667, "fair_value": 12.401794, "relative_strength": 5.580429, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.933906, "energy": 42.315993, "activity_lines": [ 13.47, 13.986, 14.71319, 14.460043 ] }, { "date": "2024-05-10", "close": 13.77, "volume": 1255231, "typical_volume": 1663016.9, "trend": 13.750667, "fair_value": 12.412159, "relative_strength": 3.437381, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.738586, "energy": 33.570905, "activity_lines": [ 13.548667, 13.840909, 14.604952, 14.473161 ] }, { "date": "2024-05-17", "close": 13.91, "volume": 901748, "typical_volume": 1634764.0, "trend": 13.973333, "fair_value": 12.423421, "relative_strength": 2.092823, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.908345, "energy": 23.297425, "activity_lines": [ 13.676667, 13.778364, 14.513286, 14.483441 ] }, { "date": "2024-05-24", "close": 13.73, "volume": 1031735, "typical_volume": 1628908.75, "trend": 14.119667, "fair_value": 12.433172, "relative_strength": -0.752474, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.448752, "energy": 15.289777, "activity_lines": [ 13.740667, 13.72, 14.408333, 14.467742 ] }, { "date": "2024-05-31", "close": 13.95, "volume": 930568, "typical_volume": 1591040.2, "trend": 14.202667, "fair_value": 12.444407, "relative_strength": 2.310796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.299251, "energy": 12.270407, "activity_lines": [ 13.85, 13.730182, 14.322429, 14.456796 ] }, { "date": "2024-06-07", "close": 13.15, "volume": 1433383, "typical_volume": 1611473.15, "trend": 14.280667, "fair_value": 12.449596, "relative_strength": -6.096978, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.232403, "energy": 20.34893, "activity_lines": [ 13.622, 13.616909, 14.161952, 14.388882 ] }, { "date": "2024-06-14", "close": 13.07, "volume": 966388, "typical_volume": 1588218.05, "trend": 14.347, "fair_value": 12.454124, "relative_strength": -9.719268, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -61.122445, "energy": 43.882235, "activity_lines": [ 13.411333, 13.517273, 14.002762, 14.310774 ] }, { "date": "2024-06-21", "close": 13.86, "volume": 991177, "typical_volume": 1586949.9, "trend": 14.438667, "fair_value": 12.464312, "relative_strength": -4.474821, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.663105, "energy": 37.437808, "activity_lines": [ 13.510667, 13.574727, 13.93319, 14.279355 ] }, { "date": "2024-06-28", "close": 14.6, "volume": 2232256, "typical_volume": 1654419.8, "trend": 14.508667, "fair_value": 12.479676, "relative_strength": 0.380565, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.973281, "energy": 18.383496, "activity_lines": [ 13.86, 13.766545, 13.941857, 14.289763 ] }, { "date": "2024-07-05", "close": 15.49, "volume": 1257582, "typical_volume": 1587004.0, "trend": 14.594333, "fair_value": 12.501179, "relative_strength": 2.362919, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.996332, "energy": 14.762421, "activity_lines": [ 14.448, 14.096727, 14.039667, 14.353075 ] }, { "date": "2024-07-12", "close": 14.54, "volume": 982835, "typical_volume": 1568254.2, "trend": 14.606667, "fair_value": 12.515638, "relative_strength": -3.853244, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.572383, "energy": 20.686915, "activity_lines": [ 14.616667, 14.206909, 14.053857, 14.34957 ] }, { "date": "2024-07-19", "close": 15.03, "volume": 1224116, "typical_volume": 1522597.15, "trend": 14.626, "fair_value": 12.533345, "relative_strength": 3.175684, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.217095, "energy": 27.172766, "activity_lines": [ 14.856, 14.392909, 14.124571, 14.376882 ] }, { "date": "2024-07-26", "close": 16.05, "volume": 1908205, "typical_volume": 1520136.9, "trend": 14.670333, "fair_value": 12.557937, "relative_strength": 12.729367, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.803894, "energy": 52.393945, "activity_lines": [ 15.304667, 14.741455, 14.301381, 14.468753 ] }, { "date": "2024-08-02", "close": 11.28, "volume": 4513344, "typical_volume": 1645683.45, "trend": 14.602, "fair_value": 12.549062, "relative_strength": -18.187757, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.404431, "energy": 22.384133, "activity_lines": [ 14.017333, 14.183818, 14.023381, 14.250022 ] }, { "date": "2024-08-09", "close": 11.31, "volume": 3030248, "typical_volume": 1695393.85, "trend": 14.502667, "fair_value": 12.540517, "relative_strength": -18.234989, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.347365, "energy": 54.674197, "activity_lines": [ 12.961333, 13.676182, 13.767381, 14.037634 ] }, { "date": "2024-08-16", "close": 11.74, "volume": 3294685, "typical_volume": 1765272.75, "trend": 14.393333, "fair_value": 12.535034, "relative_strength": -19.492623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.645647, "energy": 65.944461, "activity_lines": [ 12.327333, 13.294727, 13.570667, 13.859398 ] }, { "date": "2024-08-23", "close": 12.19, "volume": 2229514, "typical_volume": 1818170.65, "trend": 14.263333, "fair_value": 12.532687, "relative_strength": -17.331183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.363792, "energy": 63.026876, "activity_lines": [ 12.03, 13.020727, 13.430905, 13.717247 ] }, { "date": "2024-08-30", "close": 12.93, "volume": 2214975, "typical_volume": 1861575.45, "trend": 14.178, "fair_value": 12.535372, "relative_strength": -11.779262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.278216, "energy": 66.324947, "activity_lines": [ 12.168667, 12.897273, 13.369333, 13.631226 ] }, { "date": "2024-09-06", "close": 12.18, "volume": 2206764, "typical_volume": 1880798.85, "trend": 14.066667, "fair_value": 12.532987, "relative_strength": -12.028168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.820408, "energy": 46.297267, "activity_lines": [ 12.265333, 12.654364, 13.240714, 13.502323 ] }, { "date": "2024-09-13", "close": 12.88, "volume": 4370432, "typical_volume": 1986182.75, "trend": 13.931667, "fair_value": 12.5353, "relative_strength": -12.288676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.551733, "energy": 30.420236, "activity_lines": [ 12.535333, 12.582727, 13.184143, 13.425763 ] }, { "date": "2024-09-20", "close": 12.87, "volume": 3637470, "typical_volume": 2030632.8, "trend": 13.807, "fair_value": 12.537517, "relative_strength": -13.753131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.085188, "energy": 20.890394, "activity_lines": [ 12.697333, 12.556727, 13.126667, 13.357269 ] }, { "date": "2024-09-27", "close": 12.44, "volume": 2579127, "typical_volume": 2096827.6, "trend": 13.658, "fair_value": 12.536875, "relative_strength": -17.517896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.232055, "energy": 22.359547, "activity_lines": [ 12.640667, 12.482909, 13.032714, 13.269075 ] }, { "date": "2024-10-04", "close": 12.99, "volume": 2260154, "typical_volume": 2164747.9, "trend": 13.559667, "fair_value": 12.539837, "relative_strength": -14.112511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.947707, "energy": 17.835803, "activity_lines": [ 12.750667, 12.556182, 12.997476, 13.225978 ] }, { "date": "2024-10-11", "close": 11.98, "volume": 2610635, "typical_volume": 2243692.9, "trend": 13.449, "fair_value": 12.536201, "relative_strength": -21.834879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.463225, "energy": 25.194191, "activity_lines": [ 12.52, 12.501455, 12.870429, 13.124065 ] }, { "date": "2024-10-18", "close": 12.29, "volume": 1766772, "typical_volume": 2285503.1, "trend": 13.353333, "fair_value": 12.534613, "relative_strength": -20.205941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.351669, "energy": 28.458381, "activity_lines": [ 12.406, 12.490364, 12.781238, 13.04929 ] }, { "date": "2024-10-25", "close": 11.33, "volume": 3702354, "typical_volume": 2398951.65, "trend": 13.241, "fair_value": 12.526891, "relative_strength": -26.366902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.552618, "energy": 43.755492, "activity_lines": [ 12.011333, 12.286909, 12.608524, 12.918753 ] }, { "date": "2024-11-01", "close": 14.51, "volume": 9985813, "typical_volume": 2849922.9, "trend": 13.264333, "fair_value": 12.453942, "relative_strength": -4.078163, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.363098, "energy": 8.436182, "activity_lines": [ 12.779333, 12.669091, 12.747333, 13.000624 ] }, { "date": "2024-11-08", "close": 15.61, "volume": 4105971, "typical_volume": 3005662.6, "trend": 13.323, "fair_value": 12.394071, "relative_strength": -2.264088, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.474997, "energy": 35.135105, "activity_lines": [ 13.776, 13.209091, 12.984048, 13.151957 ] }, { "date": "2024-11-15", "close": 13.88, "volume": 3229496, "typical_volume": 3055524.6, "trend": 13.342, "fair_value": 12.307468, "relative_strength": -9.968149, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 12.500469, "energy": 32.848119, "activity_lines": [ 14.021333, 13.385818, 13.047667, 13.187892 ] }, { "date": "2024-11-22", "close": 13.75, "volume": 3532069, "typical_volume": 3169248.95, "trend": 13.370667, "fair_value": 12.250609, "relative_strength": -12.353966, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.766394, "energy": 29.189027, "activity_lines": [ 14.096667, 13.508, 13.102333, 13.214215 ] }, { "date": "2024-11-29", "close": 14.0, "volume": 1414234, "typical_volume": 3190818.9, "trend": 13.377, "fair_value": 12.247147, "relative_strength": -11.187023, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.02146, "energy": 40.238039, "activity_lines": [ 14.158, 13.659818, 13.189095, 13.254817 ] }, { "date": "2024-12-06", "close": 13.53, "volume": 1722264, "typical_volume": 3215726.3, "trend": 13.369, "fair_value": 12.23016, "relative_strength": -16.509789, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.524156, "energy": 13.1379, "activity_lines": [ 13.884667, 13.705636, 13.233667, 13.264688 ] }, { "date": "2024-12-13", "close": 13.34, "volume": 2421430, "typical_volume": 3241387.55, "trend": 13.35, "fair_value": 12.219071, "relative_strength": -17.794321, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.545996, "energy": 5.989957, "activity_lines": [ 13.613333, 13.697091, 13.267286, 13.262817 ] }, { "date": "2024-12-20", "close": 13.0, "volume": 3711742, "typical_volume": 3201307.45, "trend": 13.325667, "fair_value": 12.205417, "relative_strength": -17.512052, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.322156, "energy": 5.429816, "activity_lines": [ 13.38, 13.620364, 13.281429, 13.240237 ] }, { "date": "2024-12-27", "close": 13.17, "volume": 1227052, "typical_volume": 3111147.65, "trend": 13.299667, "fair_value": 12.19016, "relative_strength": -16.612016, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.121284, "energy": 7.933927, "activity_lines": [ 13.262, 13.556, 13.303571, 13.230194 ] }, { "date": "2025-01-03", "close": 13.67, "volume": 2512075, "typical_volume": 3072017.15, "trend": 13.317, "fair_value": 12.182083, "relative_strength": -12.367236, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.793717, "energy": 4.924717, "activity_lines": [ 13.349333, 13.566545, 13.364476, 13.254086 ] }, { "date": "2025-01-10", "close": 14.2, "volume": 2689858, "typical_volume": 3095034.35, "trend": 13.354667, "fair_value": 12.187596, "relative_strength": -6.500915, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.76483, "energy": 10.67984, "activity_lines": [ 13.635333, 13.630909, 13.466667, 13.311054 ] }, { "date": "2025-01-17", "close": 14.22, "volume": 1343543, "typical_volume": 3051462.75, "trend": 13.366667, "fair_value": 12.194647, "relative_strength": -8.473771, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.381974, "energy": 29.895557, "activity_lines": [ 13.883333, 13.704545, 13.56119, 13.366882 ] }, { "date": "2025-01-24", "close": 13.75, "volume": 838843, "typical_volume": 2983066.7, "trend": 13.338333, "fair_value": 12.192276, "relative_strength": -12.123334, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.630464, "energy": 32.342937, "activity_lines": [ 13.916, 13.718, 13.60481, 13.391613 ] }, { "date": "2025-01-31", "close": 14.28, "volume": 1494866, "typical_volume": 2839288.4, "trend": 13.298, "fair_value": 12.183622, "relative_strength": -6.909399, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.444868, "energy": 45.510335, "activity_lines": [ 14.075333, 13.830182, 13.691429, 13.452366 ] }, { "date": "2025-02-07", "close": 13.99, "volume": 1405502, "typical_volume": 2727690.0, "trend": 13.279667, "fair_value": 12.186506, "relative_strength": -8.371752, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.733824, "energy": 41.865428, "activity_lines": [ 14.064, 13.88, 13.743762, 13.497011 ] }, { "date": "2025-02-14", "close": 13.92, "volume": 1071938, "typical_volume": 2652330.55, "trend": 13.242667, "fair_value": 12.20016, "relative_strength": -10.60453, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.996863, "energy": 31.87979, "activity_lines": [ 14.008, 13.917273, 13.784095, 13.538323 ] }, { "date": "2025-02-21", "close": 10.33, "volume": 9068587, "typical_volume": 2992752.2, "trend": 13.052, "fair_value": 12.192083, "relative_strength": -31.287522, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -37.180737, "energy": 37.522897, "activity_lines": [ 12.774, 13.294727, 13.475476, 13.350409 ] }, { "date": "2025-02-28", "close": 10.2, "volume": 5093241, "typical_volume": 3116882.5, "trend": 13.016, "fair_value": 12.195801, "relative_strength": -28.894881, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.325516, "energy": 64.073702, "activity_lines": [ 11.756, 12.703273, 13.167143, 13.166409 ] }, { "date": "2025-03-07", "close": 9.4, "volume": 2656615, "typical_volume": 3161374.65, "trend": 12.952333, "fair_value": 12.190353, "relative_strength": -31.476505, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.653624, "energy": 88.42981, "activity_lines": [ 10.708, 12.017273, 12.791095, 12.933118 ] }, { "date": "2025-03-14", "close": 9.01, "volume": 3108820, "typical_volume": 3131697.95, "trend": 12.861333, "fair_value": 12.169391, "relative_strength": -31.874882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.530827, "energy": 93.411792, "activity_lines": [ 9.855333, 11.328909, 12.391667, 12.678774 ] }, { "date": "2025-03-21", "close": 9.11, "volume": 2729233, "typical_volume": 2768868.95, "trend": 12.758667, "fair_value": 12.151058, "relative_strength": -30.552912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.78347, "energy": 90.290263, "activity_lines": [ 9.368, 10.743455, 12.01281, 12.436753 ] }, { "date": "2025-03-28", "close": 9.02, "volume": 2130227, "typical_volume": 2670081.75, "trend": 12.628333, "fair_value": 12.132596, "relative_strength": -28.89238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.716148, "energy": 89.571526, "activity_lines": [ 9.171333, 10.234182, 11.651095, 12.195548 ] }, { "date": "2025-04-04", "close": 8.27, "volume": 3544629, "typical_volume": 2685838.4, "trend": 12.498, "fair_value": 12.119583, "relative_strength": -27.046723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.616841, "energy": 89.981814, "activity_lines": [ 8.812, 9.683091, 11.249333, 11.914366 ] }, { "date": "2025-04-11", "close": 8.27, "volume": 2942947, "typical_volume": 2656382.3, "trend": 12.344333, "fair_value": 12.109519, "relative_strength": -31.472989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.732264, "energy": 72.716619, "activity_lines": [ 8.581333, 9.231636, 10.874286, 11.641591 ] }, { "date": "2025-04-18", "close": 8.54, "volume": 1468456, "typical_volume": 2659093.4, "trend": 12.2, "fair_value": 12.104391, "relative_strength": -26.902989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.791515, "energy": 64.930034, "activity_lines": [ 8.516, 8.938545, 10.551048, 11.396151 ] }, { "date": "2025-04-25", "close": 9.13, "volume": 1524118, "typical_volume": 2649186.1, "trend": 12.089667, "fair_value": 12.099455, "relative_strength": -25.976675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.352906, "energy": 60.506219, "activity_lines": [ 8.678667, 8.851818, 10.31, 11.198086 ] }, { "date": "2025-05-02", "close": 9.08, "volume": 1712113, "typical_volume": 2613720.25, "trend": 11.959333, "fair_value": 12.105096, "relative_strength": -28.126421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.214473, "energy": 54.503211, "activity_lines": [ 8.823333, 8.843091, 10.085143, 11.003914 ] }, { "date": "2025-05-09", "close": 11.09, "volume": 4729475, "typical_volume": 2664606.9, "trend": 11.929667, "fair_value": 12.11766, "relative_strength": -11.494192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.019152, "energy": 27.587674, "activity_lines": [ 9.634, 9.222545, 10.072, 10.947828 ] }, { "date": "2025-05-16", "close": 11.32, "volume": 2217595, "typical_volume": 2714134.05, "trend": 11.897333, "fair_value": 12.123878, "relative_strength": -14.877726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.635076, "energy": 24.572064, "activity_lines": [ 10.333333, 9.627636, 10.089857, 10.908495 ] }, { "date": "2025-05-23", "close": 10.52, "volume": 1480857, "typical_volume": 2662573.15, "trend": 11.870333, "fair_value": 12.118686, "relative_strength": -18.402454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.255674, "energy": 29.736774, "activity_lines": [ 10.562667, 9.852364, 10.040333, 10.819634 ] }, { "date": "2025-05-30", "close": 10.54, "volume": 1272421, "typical_volume": 2591701.3, "trend": 11.738, "fair_value": 12.111122, "relative_strength": -19.136175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.583099, "energy": 25.406741, "activity_lines": [ 10.666667, 10.053273, 10.007714, 10.733806 ] }, { "date": "2025-06-06", "close": 11.15, "volume": 2049167, "typical_volume": 2626982.5, "trend": 11.589333, "fair_value": 12.112853, "relative_strength": -15.714766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.530652, "energy": 22.806927, "activity_lines": [ 10.88, 10.339091, 10.050619, 10.695871 ] }, { "date": "2025-06-13", "close": 10.96, "volume": 2318878, "typical_volume": 2700984.25, "trend": 11.492, "fair_value": 12.114712, "relative_strength": -16.257138, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.86419, "energy": 16.218341, "activity_lines": [ 10.892, 10.551636, 10.090048, 10.655269 ] }, { "date": "2025-06-20", "close": 10.7, "volume": 1358661, "typical_volume": 2694174.0, "trend": 11.390333, "fair_value": 12.119712, "relative_strength": -17.667058, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.182472, "energy": 14.687723, "activity_lines": [ 10.826, 10.668, 10.118, 10.604172 ] }, { "date": "2025-06-27", "close": 10.93, "volume": 2900331, "typical_volume": 2768915.45, "trend": 11.288, "fair_value": 12.136314, "relative_strength": -18.570788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.963211, "energy": 13.916468, "activity_lines": [ 10.878, 10.782, 10.184905, 10.574473 ] }, { "date": "2025-07-04", "close": 11.32, "volume": 1369897, "typical_volume": 2783813.4, "trend": 11.214333, "fair_value": 12.150032, "relative_strength": -16.171064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.114484, "energy": 16.51606, "activity_lines": [ 11.032667, 10.923455, 10.303524, 10.576538 ] }, { "date": "2025-07-11", "close": 10.59, "volume": 1687320, "typical_volume": 2414750.05, "trend": 11.122667, "fair_value": 12.165032, "relative_strength": -20.634837, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.664173, "energy": 13.574737, "activity_lines": [ 10.892, 10.892364, 10.365, 10.536258 ] }, { "date": "2025-07-18", "close": 10.28, "volume": 2287865, "typical_volume": 2274481.25, "trend": 11.032, "fair_value": 12.174135, "relative_strength": -23.098794, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.318186, "energy": 12.363981, "activity_lines": [ 10.685333, 10.777455, 10.395714, 10.481892 ] }, { "date": "2025-07-25", "close": 10.96, "volume": 2096272, "typical_volume": 2246464.1, "trend": 10.958333, "fair_value": 12.18875, "relative_strength": -17.721311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.755194, "energy": 5.834189, "activity_lines": [ 10.750667, 10.800909, 10.49081, 10.477247 ] }, { "date": "2025-08-01", "close": 10.54, "volume": 2121830, "typical_volume": 2197114.6, "trend": 10.854, "fair_value": 12.195801, "relative_strength": -18.674614, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.890706, "energy": 11.253426, "activity_lines": [ 10.658667, 10.754545, 10.538476, 10.450258 ] }, { "date": "2025-08-08", "close": 9.18, "volume": 4074115, "typical_volume": 2264358.7, "trend": 10.686667, "fair_value": 12.184583, "relative_strength": -31.192072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.435052, "energy": 30.087029, "activity_lines": [ 10.139333, 10.460545, 10.449333, 10.342258 ] }, { "date": "2025-08-15", "close": 10.08, "volume": 3900860, "typical_volume": 2352890.35, "trend": 10.548667, "fair_value": 12.180673, "relative_strength": -24.348135, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.055202, "energy": 25.670539, "activity_lines": [ 10.062667, 10.354909, 10.445571, 10.303118 ] }, { "date": "2025-08-22", "close": 10.42, "volume": 2131927, "typical_volume": 2282255.25, "trend": 10.437667, "fair_value": 12.180353, "relative_strength": -20.577736, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.341696, "energy": 20.409219, "activity_lines": [ 10.133333, 10.330545, 10.469143, 10.294817 ] }, { "date": "2025-08-29", "close": 10.34, "volume": 1509779, "typical_volume": 2210596.85, "trend": 10.306333, "fair_value": 12.184071, "relative_strength": -20.358134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.637442, "energy": 18.899927, "activity_lines": [ 10.168, 10.301455, 10.474857, 10.288516 ] }, { "date": "2025-09-05", "close": 10.68, "volume": 1995262, "typical_volume": 2236937.15, "trend": 10.196, "fair_value": 12.180353, "relative_strength": -17.940431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.182793, "energy": 13.913641, "activity_lines": [ 10.357333, 10.340727, 10.503095, 10.312624 ] }, { "date": "2025-09-12", "close": 10.55, "volume": 3318274, "typical_volume": 2326644.95, "trend": 10.083667, "fair_value": 12.177596, "relative_strength": -19.771259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.795188, "energy": 17.472123, "activity_lines": [ 10.494, 10.360909, 10.508762, 10.335462 ] }, { "date": "2025-09-19", "close": 11.08, "volume": 2906678, "typical_volume": 2386373.2, "trend": 10.108667, "fair_value": 12.187276, "relative_strength": -16.930508, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.532437, "energy": 26.962365, "activity_lines": [ 10.716, 10.491455, 10.558143, 10.399742 ] }, { "date": "2025-09-26", "close": 11.01, "volume": 2314455, "typical_volume": 2265622.2, "trend": 10.135667, "fair_value": 12.200994, "relative_strength": -16.562796, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.232109, "energy": 35.892808, "activity_lines": [ 10.848, 10.600364, 10.591333, 10.457892 ] }, { "date": "2025-10-03", "close": 11.03, "volume": 2365686, "typical_volume": 2273026.75, "trend": 10.19, "fair_value": 12.206186, "relative_strength": -16.795279, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.486432, "energy": 43.273452, "activity_lines": [ 10.947333, 10.699636, 10.62681, 10.515591 ] }, { "date": "2025-10-10", "close": 10.29, "volume": 2094247, "typical_volume": 2303696.25, "trend": 10.232667, "fair_value": 12.20625, "relative_strength": -20.089735, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.441297, "energy": 25.937397, "activity_lines": [ 10.754, 10.663091, 10.59319, 10.522043 ] }, { "date": "2025-10-17", "close": 10.8, "volume": 2790053, "typical_volume": 2379577.85, "trend": 10.289, "fair_value": 12.20625, "relative_strength": -17.617866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.31152, "energy": 22.319908, "activity_lines": [ 10.756667, 10.723818, 10.609238, 10.558645 ] }, { "date": "2025-10-24", "close": 11.82, "volume": 2082180, "typical_volume": 2381228.5, "trend": 10.382333, "fair_value": 12.209904, "relative_strength": -11.460207, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.94812, "energy": 34.958054, "activity_lines": [ 11.082667, 10.940545, 10.72119, 10.657419 ] }, { "date": "2025-10-31", "close": 11.67, "volume": 2769244, "typical_volume": 2403746.8, "trend": 10.495667, "fair_value": 12.199647, "relative_strength": -13.371141, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.818409, "energy": 41.006275, "activity_lines": [ 11.309333, 11.098364, 10.815667, 10.740495 ] }, { "date": "2025-11-07", "close": 13.64, "volume": 4474504, "typical_volume": 2559538.95, "trend": 10.674667, "fair_value": 12.204006, "relative_strength": 5.232968, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.343428, "energy": 81.726329, "activity_lines": [ 12.148667, 11.591636, 11.094381, 10.943355 ] }, { "date": "2025-11-14", "close": 13.98, "volume": 4836182, "typical_volume": 2656331.5, "trend": 10.856, "fair_value": 12.201699, "relative_strength": 8.516532, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.97202, "energy": 89.947499, "activity_lines": [ 12.927333, 12.086727, 11.391476, 11.156602 ] }, { "date": "2025-11-21", "close": 13.92, "volume": 4121549, "typical_volume": 2793914.1, "trend": 11.015667, "fair_value": 12.204712, "relative_strength": 11.871769, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.130452, "energy": 90.491638, "activity_lines": [ 13.44, 12.510909, 11.668333, 11.35428 ] }, { "date": "2025-11-28", "close": 15.01, "volume": 2288707, "typical_volume": 2823983.45, "trend": 11.213333, "fair_value": 12.218814, "relative_strength": 15.302099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.317547, "energy": 94.632842, "activity_lines": [ 14.108, 13.072, 12.036619, 11.611978 ] }, { "date": "2025-12-05", "close": 15.43, "volume": 5999771, "typical_volume": 3009578.75, "trend": 11.358, "fair_value": 12.25375, "relative_strength": 17.47322, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.069739, "energy": 93.212421, "activity_lines": [ 14.703333, 13.638, 12.423857, 11.884022 ] }, { "date": "2025-12-12", "close": 14.44, "volume": 3861775, "typical_volume": 3097853.9, "trend": 11.462, "fair_value": 12.286186, "relative_strength": 12.240373, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.403257, "energy": 82.069207, "activity_lines": [ 14.718, 13.943636, 12.692286, 12.08286 ] }, { "date": "2025-12-19", "close": 14.37, "volume": 4779955, "typical_volume": 3230760.15, "trend": 11.590333, "fair_value": 12.320673, "relative_strength": 11.270315, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.220128, "energy": 62.472327, "activity_lines": [ 14.656, 14.174545, 12.937476, 12.270473 ] }, { "date": "2025-12-26", "close": 13.94, "volume": 1711425, "typical_volume": 3112625.65, "trend": 11.703667, "fair_value": 12.348494, "relative_strength": 6.913501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.636687, "energy": 54.365072, "activity_lines": [ 14.424667, 14.253091, 13.123476, 12.422065 ] }, { "date": "2026-01-02", "close": 12.93, "volume": 3454428, "typical_volume": 3090304.05, "trend": 11.763, "fair_value": 12.370224, "relative_strength": 1.413494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.307266, "energy": 33.240919, "activity_lines": [ 13.855333, 14.090909, 13.190619, 12.501183 ] }, { "date": "2026-01-09", "close": 13.9, "volume": 3415495, "typical_volume": 3154482.45, "trend": 11.861, "fair_value": 12.393301, "relative_strength": 7.258398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.002244, "energy": 26.742799, "activity_lines": [ 13.748, 14.084909, 13.336571, 12.639054 ] }, { "date": "2026-01-16", "close": 12.84, "volume": 3753016, "typical_volume": 3266644.3, "trend": 11.932333, "fair_value": 12.408558, "relative_strength": 0.567393, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.434215, "energy": 23.818768, "activity_lines": [ 13.389333, 13.845636, 13.365, 12.702215 ] }, { "date": "2026-01-23", "close": 12.78, "volume": 2545134, "typical_volume": 3294137.9, "trend": 11.994, "fair_value": 12.414391, "relative_strength": 0.385886, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.353115, "energy": 23.790149, "activity_lines": [ 13.117333, 13.61, 13.37581, 12.756903 ] }, { "date": "2026-01-30", "close": 12.06, "volume": 4063034, "typical_volume": 3331375.9, "trend": 12.018667, "fair_value": 12.410288, "relative_strength": -4.413207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.232984, "energy": 13.389029, "activity_lines": [ 12.711333, 13.265273, 13.308048, 12.761161 ] }, { "date": "2026-02-06", "close": 10.54, "volume": 5894783, "typical_volume": 3480781.15, "trend": 12.017, "fair_value": 12.389583, "relative_strength": -14.003687, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.689275, "energy": 39.147234, "activity_lines": [ 11.924, 12.678, 13.088333, 12.665763 ] }, { "date": "2026-02-13", "close": 9.41, "volume": 5644916, "typical_volume": 3647304.2, "trend": 11.988, "fair_value": 12.337532, "relative_strength": -21.458864, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -48.428723, "energy": 67.754752, "activity_lines": [ 10.919333, 11.966545, 12.763571, 12.49757 ] }, { "date": "2026-02-20", "close": 10.14, "volume": 3867016, "typical_volume": 3722370.7, "trend": 11.960667, "fair_value": 12.276122, "relative_strength": -16.074048, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.745121, "energy": 68.165988, "activity_lines": [ 10.457333, 11.497273, 12.515952, 12.378344 ] }, { "date": "2026-02-27", "close": 10.85, "volume": 9112130, "typical_volume": 4073264.85, "trend": 11.971, "fair_value": 12.207788, "relative_strength": -9.771147, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.396478, "energy": 64.144011, "activity_lines": [ 10.412, 11.235273, 12.34019, 12.306688 ] }, { "date": "2026-03-06", "close": 11.16, "volume": 5494322, "typical_volume": 4208478.3, "trend": 12.037, "fair_value": 12.156795, "relative_strength": -5.971451, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.706369, "energy": 55.32946, "activity_lines": [ 10.598667, 11.093636, 12.191286, 12.254366 ] }, { "date": "2026-03-13", "close": 9.93, "volume": 5485524, "typical_volume": 4378645.5, "trend": 12.032, "fair_value": 12.108718, "relative_strength": -15.307866, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.46938, "energy": 40.405947, "activity_lines": [ 10.435333, 10.778909, 11.923524, 12.11843 ] }, { "date": "2026-03-20", "close": 9.97, "volume": 6253447, "typical_volume": 4552855.65, "trend": 12.017, "fair_value": 12.062244, "relative_strength": -13.101483, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.577343, "energy": 47.505672, "activity_lines": [ 10.326, 10.526, 11.668571, 11.985398 ] }, { "date": "2026-03-27", "close": 10.0, "volume": 4215518, "typical_volume": 4539906.35, "trend": 12.005667, "fair_value": 12.022628, "relative_strength": -9.797824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.713342, "energy": 47.1896, "activity_lines": [ 10.189333, 10.35, 11.424571, 11.855269 ] }, { "date": "2026-04-03", "close": 10.4, "volume": 2685322, "typical_volume": 4432363.35, "trend": 11.996333, "fair_value": 11.995641, "relative_strength": -9.615941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.068984, "energy": 46.352875, "activity_lines": [ 10.195333, 10.298364, 11.236, 11.751677 ] }, { "date": "2026-04-10", "close": 10.47, "volume": 2353956, "typical_volume": 4343983.7, "trend": 11.993667, "fair_value": 11.972244, "relative_strength": -12.79423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.119311, "energy": 41.910447, "activity_lines": [ 10.254667, 10.302727, 11.071143, 11.653204 ] }, { "date": "2026-04-17", "close": 10.95, "volume": 2588827, "typical_volume": 4358989.7, "trend": 11.989333, "fair_value": 11.946154, "relative_strength": -13.900546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.090967, "energy": 30.684198, "activity_lines": [ 10.52, 10.423273, 10.968429, 11.585871 ] }, { "date": "2026-04-24", "close": 10.88, "volume": 2020872, "typical_volume": 4160044.75, "trend": 11.985, "fair_value": 11.92891, "relative_strength": -16.047942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.31711, "energy": 22.233542, "activity_lines": [ 10.694, 10.523636, 10.878381, 11.514301 ] }, { "date": "2026-05-01", "close": 11.01, "volume": 2095660, "typical_volume": 4071739.0, "trend": 11.984333, "fair_value": 11.941667, "relative_strength": -16.148071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.521024, "energy": 20.028262, "activity_lines": [ 10.850667, 10.620909, 10.822381, 11.451398 ] }, { "date": "2026-05-08", "close": 9.135, "volume": 6695829, "typical_volume": 4167532.7, "trend": 11.945833, "fair_value": 11.944199, "relative_strength": -33.39976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.053759, "energy": 36.702768, "activity_lines": [ 10.315, 10.361455, 10.604143, 11.26757 ] }, { "date": "2026-05-15", "close": 7.77, "volume": 10256423, "typical_volume": 4594782.6, "trend": 11.844833, "fair_value": 11.933045, "relative_strength": -42.547493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.804765, "energy": 72.19668, "activity_lines": [ 9.408667, 9.885, 10.280833, 10.998161 ] }, { "date": "2026-05-22", "close": 8.35, "volume": 4678166, "typical_volume": 4655969.5, "trend": 11.729167, "fair_value": 11.925737, "relative_strength": -38.435133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.461582, "energy": 80.948516, "activity_lines": [ 8.875667, 9.575636, 10.042143, 10.772688 ] }, { "date": "2026-05-29", "close": 8.6, "volume": 3676796, "typical_volume": 4669034.55, "trend": 11.626833, "fair_value": 11.916058, "relative_strength": -37.823366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.079771, "energy": 82.986626, "activity_lines": [ 8.599333, 9.340455, 9.849071, 10.570806 ] }, { "date": "2026-06-05", "close": 7.97, "volume": 5048236, "typical_volume": 4733795.55, "trend": 11.437833, "fair_value": 11.902596, "relative_strength": -39.046675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.952731, "energy": 87.43279, "activity_lines": [ 8.265, 9.015636, 9.621238, 10.334882 ] }, { "date": "2026-06-12", "close": 8.5, "volume": 4010626, "typical_volume": 4807070.15, "trend": 11.255167, "fair_value": 11.888686, "relative_strength": -35.855721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.939245, "energy": 80.14999, "activity_lines": [ 8.31, 8.824091, 9.467071, 10.145344 ] }, { "date": "2026-06-19", "close": 8.38, "volume": 2991691, "typical_volume": 4753503.0, "trend": 11.0705, "fair_value": 11.87625, "relative_strength": -37.817099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.457143, "energy": 62.80997, "activity_lines": [ 8.357333, 8.645273, 9.321857, 9.959849 ] }, { "date": "2026-06-26", "close": 9.08, "volume": 4029345, "typical_volume": 4660231.1, "trend": 10.872833, "fair_value": 11.874135, "relative_strength": -28.911025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.255985, "energy": 47.951455, "activity_lines": [ 8.597333, 8.631727, 9.260833, 9.83143 ] }, { "date": "2026-07-03", "close": 9.47, "volume": 3108565, "typical_volume": 4533413.55, "trend": 10.674167, "fair_value": 11.879199, "relative_strength": -25.927861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.380067, "energy": 29.817463, "activity_lines": [ 8.918667, 8.723091, 9.243905, 9.740925 ] }, { "date": "2026-07-10", "close": 9.47, "volume": 3072655, "typical_volume": 4493695.5, "trend": 10.5085, "fair_value": 11.876891, "relative_strength": -26.765029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.588491, "energy": 22.220828, "activity_lines": [ 9.182, 8.840091, 9.22669, 9.663237 ] }, { "date": "2026-07-17", "close": 9.26, "volume": 2722401, "typical_volume": 4174209.05, "trend": 10.338167, "fair_value": 11.871891, "relative_strength": -24.870179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.572629, "energy": 23.138487, "activity_lines": [ 9.275333, 8.946909, 9.192667, 9.582688 ] }, { "date": "2026-07-24", "close": 8.88, "volume": 2657353, "typical_volume": 4032360.6, "trend": 10.1695, "fair_value": 11.856891, "relative_strength": -26.268971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.938669, "energy": 21.517081, "activity_lines": [ 9.191333, 8.982364, 9.130024, 9.488613 ] }, { "date": "2026-07-31", "close": 9.0, "volume": 2599311, "typical_volume": 3888049.95, "trend": 10.0385, "fair_value": 11.851571, "relative_strength": -25.189137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.997543, "energy": 16.053558, "activity_lines": [ 9.114, 9.019455, 9.089667, 9.413161 ] }, { "date": "2026-08-07", "close": 9.91, "volume": 4887738, "typical_volume": 3819764.5, "trend": 9.9055, "fair_value": 11.85484, "relative_strength": -21.415644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.027882, "energy": 6.192339, "activity_lines": [ 9.345333, 9.210182, 9.140405, 9.404871 ] } ], "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." } } }