{ "ticker": { "uuid": "8064ed01-d34a-4ba7-ab2e-c02ce919a126", "symbol": "RLJ", "name": "RLJ Lodging Trust", "exchange": "NYSE", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 64.778, "architecture_energy": 62.919, "architecture_maturity": 91.296, "architecture_confidence": 85.204, "architecture_tenure": "Established", "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": 8.57, "rotation_up": 54.22, "upward_expansion": 85.33, "deceleration": 68.65, "rotation_down": 28.19, "downward_expansion": 12.0 }, "activity_lines": [ 11.797333, 11.726761, 10.855733, 10.08395 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 11.13, "trend_reference": 9.178154, "distance_from_trend": 0.212662, "trend_direction": "Improving", "fair_value": 8.423906, "distance_from_fair_value": 0.32124, "fair_value_direction": "Improving", "relative_strength": 20.52414, "relative_strength_direction": "Improving", "price_momentum": 0.424718, "excess_performance": 0.299093, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.212662, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.182267, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.32124, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.246617, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.205241, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.122488, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.424718, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.833721, "read": "Demand-led" } ], "volume": { "latest": 11101135, "relative_activity": 1.027538, "balance": 1.833721, "dry_up": 0.823035, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.067029, "annualized_volatility": 0.293971, "from_high_reference": -0.13654, "from_low_reference": 0.771196 }, "levels": { "trend_reference": 9.178154, "fair_value_reference": 8.423906, "structural_low": 7.145, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.001824, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": -0.013207, "regime_survival": 0.769231, "best_return": 0.184358, "worst_return": -0.103739, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.019102, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.078554, "regime_survival": 0.6, "best_return": 0.535374, "worst_return": -0.180206, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.181615, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.290706, "regime_survival": 0.333333, "best_return": 0.506045, "worst_return": -0.296373, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.141305, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.35573, "regime_survival": 1.0, "best_return": -0.099202, "worst_return": -0.183409, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-12", "end": "2024-05-03", "tenure": "New", "return": -0.069384, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-10", "end": "2024-05-31", "tenure": "New", "return": -0.033882, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-10-04", "tenure": "Established", "return": -0.004801, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-12-06", "tenure": "Developing", "return": 0.139891, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-10", "tenure": "Developing", "return": -0.042116, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-03-14", "tenure": "Developing", "return": -0.118063, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.174855, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-11", "tenure": "Established", "return": 0.143551, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-10-24", "tenure": "Established", "return": -0.057588, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": 0.066177, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-12-12", "tenure": "Developing", "return": 0.030956, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-27", "tenure": "Established", "return": -0.021718, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": 0.115136, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.259317, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.184169, "volume": 13444021, "typical_volume": 9400833.45, "trend": 8.875326, "fair_value": 10.457813, "relative_strength": -17.40907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.681372, "energy": 44.860331, "activity_lines": [ 8.314935, 8.414591, 8.562136, 8.645118 ] }, { "date": "2023-08-25", "close": 8.091167, "volume": 12480844, "typical_volume": 9666605.5, "trend": 8.801836, "fair_value": 10.457849, "relative_strength": -18.488639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.297646, "energy": 56.038288, "activity_lines": [ 8.220806, 8.348408, 8.509851, 8.594527 ] }, { "date": "2023-09-01", "close": 8.43781, "volume": 14407603, "typical_volume": 9897482.35, "trend": 8.731022, "fair_value": 10.459162, "relative_strength": -16.640621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.604752, "energy": 40.264397, "activity_lines": [ 8.265898, 8.352495, 8.493395, 8.571041 ] }, { "date": "2023-09-08", "close": 8.539267, "volume": 10317227, "typical_volume": 10066177.1, "trend": 8.683844, "fair_value": 10.466271, "relative_strength": -14.082299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.91325, "energy": 27.324707, "activity_lines": [ 8.359463, 8.370326, 8.487608, 8.55867 ] }, { "date": "2023-09-15", "close": 8.522358, "volume": 9292531, "typical_volume": 10023751.15, "trend": 8.653581, "fair_value": 10.471224, "relative_strength": -13.624419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.713737, "energy": 17.02206, "activity_lines": [ 8.429919, 8.387697, 8.480692, 8.548252 ] }, { "date": "2023-09-22", "close": 8.167259, "volume": 9454063, "typical_volume": 9882378.2, "trend": 8.607875, "fair_value": 10.478889, "relative_strength": -14.348509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.71022, "energy": 18.975406, "activity_lines": [ 8.367354, 8.345885, 8.439722, 8.516876 ] }, { "date": "2023-09-29", "close": 8.360948, "volume": 8002077, "typical_volume": 9411558.35, "trend": 8.567237, "fair_value": 10.48501, "relative_strength": -11.384611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.089566, "energy": 15.757068, "activity_lines": [ 8.37048, 8.345591, 8.42121, 8.500945 ] }, { "date": "2023-10-06", "close": 8.335327, "volume": 6930948, "typical_volume": 9496874.55, "trend": 8.550438, "fair_value": 10.49123, "relative_strength": -11.706091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.593488, "energy": 18.641442, "activity_lines": [ 8.347079, 8.34219, 8.403228, 8.485983 ] }, { "date": "2023-10-13", "close": 8.181602, "volume": 5927487, "typical_volume": 9290049.85, "trend": 8.544884, "fair_value": 10.498463, "relative_strength": -13.256201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.232599, "energy": 34.407678, "activity_lines": [ 8.279269, 8.316699, 8.373137, 8.462187 ] }, { "date": "2023-10-20", "close": 8.113279, "volume": 6296490, "typical_volume": 9217321.5, "trend": 8.54815, "fair_value": 10.503154, "relative_strength": -11.325494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.560965, "energy": 39.17334, "activity_lines": [ 8.212529, 8.280524, 8.338965, 8.434342 ] }, { "date": "2023-10-27", "close": 7.797288, "volume": 6632339, "typical_volume": 9097776.6, "trend": 8.511651, "fair_value": 10.510131, "relative_strength": -12.033291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.49149, "energy": 57.370404, "activity_lines": [ 8.067731, 8.190336, 8.279686, 8.385899 ] }, { "date": "2023-11-03", "close": 8.839204, "volume": 9424962, "typical_volume": 8909193.05, "trend": 8.516873, "fair_value": 10.523103, "relative_strength": -5.353805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.367928, "energy": 15.280252, "activity_lines": [ 8.294903, 8.296622, 8.32581, 8.407032 ] }, { "date": "2023-11-10", "close": 8.454891, "volume": 5907987, "typical_volume": 8548416.1, "trend": 8.510404, "fair_value": 10.515737, "relative_strength": -10.175336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.14544, "energy": 11.647678, "activity_lines": [ 8.362086, 8.319433, 8.333668, 8.403033 ] }, { "date": "2023-11-17", "close": 8.881906, "volume": 7206005, "typical_volume": 8453334.95, "trend": 8.518447, "fair_value": 10.509741, "relative_strength": -7.328638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 21.39897, "energy": 18.623073, "activity_lines": [ 8.563637, 8.419572, 8.380881, 8.427001 ] }, { "date": "2023-11-24", "close": 8.941688, "volume": 4121058, "typical_volume": 8298766.25, "trend": 8.534076, "fair_value": 10.500869, "relative_strength": -7.175786, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.977559, "energy": 31.372965, "activity_lines": [ 8.738429, 8.52435, 8.432841, 8.454306 ] }, { "date": "2023-12-01", "close": 9.343082, "volume": 10371152, "typical_volume": 8473179.85, "trend": 8.545189, "fair_value": 10.486788, "relative_strength": -3.412276, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.964025, "energy": 62.581038, "activity_lines": [ 8.991791, 8.694485, 8.52244, 8.5065 ] }, { "date": "2023-12-08", "close": 9.214977, "volume": 8446323, "typical_volume": 8443603.85, "trend": 8.55287, "fair_value": 10.475725, "relative_strength": -4.563151, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.589336, "energy": 63.24126, "activity_lines": [ 9.099399, 8.81995, 8.595891, 8.549713 ] }, { "date": "2023-12-15", "close": 9.87258, "volume": 10326832, "typical_volume": 8640973.05, "trend": 8.586387, "fair_value": 10.466721, "relative_strength": 0.146597, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 84.151556, "energy": 81.947199, "activity_lines": [ 9.401156, 9.049451, 8.728311, 8.634855 ] }, { "date": "2023-12-22", "close": 10.188571, "volume": 8376887, "typical_volume": 8738788.0, "trend": 8.636308, "fair_value": 10.456693, "relative_strength": 2.56336, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.772326, "energy": 87.523135, "activity_lines": [ 9.713731, 9.308455, 8.885039, 8.738222 ] }, { "date": "2023-12-29", "close": 10.093548, "volume": 4524963, "typical_volume": 8594589.95, "trend": 8.667403, "fair_value": 10.446951, "relative_strength": 1.453385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.46675, "energy": 86.587545, "activity_lines": [ 9.90752, 9.513691, 9.023615, 8.832237 ] }, { "date": "2024-01-05", "close": 10.007426, "volume": 4381802, "typical_volume": 8141479.0, "trend": 8.697864, "fair_value": 10.438287, "relative_strength": 2.341885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.926946, "energy": 84.232858, "activity_lines": [ 9.995811, 9.667265, 9.145461, 8.91869 ] }, { "date": "2024-01-12", "close": 9.94714, "volume": 5440848, "typical_volume": 7789479.2, "trend": 8.746449, "fair_value": 10.425554, "relative_strength": 0.135328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.325426, "energy": 77.79283, "activity_lines": [ 10.019718, 9.769692, 9.252883, 8.999289 ] }, { "date": "2024-01-19", "close": 10.093548, "volume": 5194086, "typical_volume": 7328803.35, "trend": 8.81026, "fair_value": 10.415127, "relative_strength": 0.731231, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.401196, "energy": 60.694395, "activity_lines": [ 10.043616, 9.878595, 9.365411, 9.086198 ] }, { "date": "2024-01-26", "close": 10.171058, "volume": 9426100, "typical_volume": 7284247.0, "trend": 8.859862, "fair_value": 10.412405, "relative_strength": 0.925563, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.477462, "energy": 56.751324, "activity_lines": [ 10.07862, 9.971797, 9.477436, 9.173992 ] }, { "date": "2024-02-02", "close": 10.041875, "volume": 6877709, "typical_volume": 7163505.9, "trend": 8.900649, "fair_value": 10.403436, "relative_strength": -1.232132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.519935, "energy": 54.36294, "activity_lines": [ 10.07173, 10.018073, 9.569387, 9.250251 ] }, { "date": "2024-02-09", "close": 10.059099, "volume": 5868318, "typical_volume": 6984218.65, "trend": 8.952156, "fair_value": 10.393104, "relative_strength": -1.984201, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.679083, "energy": 52.28709, "activity_lines": [ 10.074027, 10.047476, 9.655743, 9.324989 ] }, { "date": "2024-02-16", "close": 10.076324, "volume": 6615080, "typical_volume": 6914868.8, "trend": 9.006491, "fair_value": 10.376674, "relative_strength": -1.174413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.234004, "energy": 48.648079, "activity_lines": [ 10.07862, 10.066993, 9.734731, 9.397516 ] }, { "date": "2024-02-23", "close": 10.21412, "volume": 6081128, "typical_volume": 6872377.8, "trend": 9.058374, "fair_value": 10.359549, "relative_strength": -1.06543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.044344, "energy": 47.018683, "activity_lines": [ 10.120533, 10.095902, 9.818674, 9.475428 ] }, { "date": "2024-03-01", "close": 10.489711, "volume": 7907762, "typical_volume": 6971391.55, "trend": 9.132125, "fair_value": 10.345138, "relative_strength": 0.958244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.954991, "energy": 50.575936, "activity_lines": [ 10.246272, 10.16871, 9.919917, 9.567772 ] }, { "date": "2024-03-08", "close": 10.506936, "volume": 3952439, "typical_volume": 6854189.0, "trend": 9.205605, "fair_value": 10.323788, "relative_strength": 1.60998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.08932, "energy": 52.349652, "activity_lines": [ 10.356509, 10.239173, 10.011809, 9.65647 ] }, { "date": "2024-03-15", "close": 10.127997, "volume": 6050492, "typical_volume": 6825096.65, "trend": 9.2704, "fair_value": 10.29964, "relative_strength": -1.825583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.944112, "energy": 48.330102, "activity_lines": [ 10.309428, 10.233223, 10.056214, 9.715979 ] }, { "date": "2024-03-22", "close": 10.171058, "volume": 6543288, "typical_volume": 6681012.95, "trend": 9.339729, "fair_value": 10.283449, "relative_strength": -3.465935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.135085, "energy": 44.179777, "activity_lines": [ 10.272109, 10.23291, 10.093621, 9.774086 ] }, { "date": "2024-03-29", "close": 10.26638, "volume": 4792652, "typical_volume": 6625246.2, "trend": 9.400682, "fair_value": 10.266607, "relative_strength": -2.684601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.597695, "energy": 37.692305, "activity_lines": [ 10.260247, 10.245857, 10.133764, 9.83387 ] }, { "date": "2024-04-05", "close": 10.136096, "volume": 6515816, "typical_volume": 6590736.75, "trend": 9.453909, "fair_value": 10.250141, "relative_strength": -2.876609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.179121, "energy": 24.741948, "activity_lines": [ 10.201474, 10.231973, 10.152873, 9.881316 ] }, { "date": "2024-04-12", "close": 10.014497, "volume": 5229971, "typical_volume": 6646182.4, "trend": 9.503647, "fair_value": 10.231421, "relative_strength": -2.46222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.219531, "energy": 19.239932, "activity_lines": [ 10.125741, 10.196616, 10.154429, 9.917483 ] }, { "date": "2024-04-19", "close": 9.588903, "volume": 5972422, "typical_volume": 6426245.9, "trend": 9.551035, "fair_value": 10.210078, "relative_strength": -3.472363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.273996, "energy": 8.696424, "activity_lines": [ 9.940974, 10.084376, 10.110343, 9.922983 ] }, { "date": "2024-04-26", "close": 9.649702, "volume": 5030065, "typical_volume": 6255433.0, "trend": 9.593994, "fair_value": 10.186967, "relative_strength": -5.211214, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.352691, "energy": 15.379161, "activity_lines": [ 9.812412, 9.99174, 10.070878, 9.929349 ] }, { "date": "2024-05-03", "close": 9.319649, "volume": 7263593, "typical_volume": 6102271.05, "trend": 9.626804, "fair_value": 10.161424, "relative_strength": -8.651579, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.987871, "energy": 32.98229, "activity_lines": [ 9.60859, 9.846851, 9.997908, 9.911649 ] }, { "date": "2024-05-10", "close": 8.972225, "volume": 7018230, "typical_volume": 6034338.2, "trend": 9.653159, "fair_value": 10.138444, "relative_strength": -13.258096, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.333366, "energy": 57.96169, "activity_lines": [ 9.352075, 9.655057, 9.894484, 9.869418 ] }, { "date": "2024-05-17", "close": 9.006968, "volume": 4372043, "typical_volume": 6026692.2, "trend": 9.682948, "fair_value": 10.11832, "relative_strength": -13.965183, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.103626, "energy": 67.480947, "activity_lines": [ 9.184733, 9.49717, 9.80016, 9.827729 ] }, { "date": "2024-05-24", "close": 8.7464, "volume": 6231323, "typical_volume": 6119168.25, "trend": 9.714585, "fair_value": 10.093471, "relative_strength": -16.087514, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.51794, "energy": 74.200012, "activity_lines": [ 8.997703, 9.31918, 9.686195, 9.767306 ] }, { "date": "2024-05-31", "close": 8.668229, "volume": 6059998, "typical_volume": 6150125.75, "trend": 9.708886, "fair_value": 10.067596, "relative_strength": -16.078008, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.927093, "energy": 87.736558, "activity_lines": [ 8.840783, 9.152096, 9.57079, 9.699799 ] }, { "date": "2024-06-07", "close": 8.442404, "volume": 5247170, "typical_volume": 6152779.95, "trend": 9.70847, "fair_value": 10.036692, "relative_strength": -18.830248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.739561, "energy": 89.853538, "activity_lines": [ 8.67402, 8.971278, 9.439967, 9.618091 ] }, { "date": "2024-06-14", "close": 8.31212, "volume": 7981904, "typical_volume": 6080570.15, "trend": 9.689477, "fair_value": 10.009323, "relative_strength": -21.045714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.084212, "energy": 90.353232, "activity_lines": [ 8.522311, 8.799935, 9.3046, 9.528004 ] }, { "date": "2024-06-21", "close": 8.338177, "volume": 6507163, "typical_volume": 6062042.85, "trend": 9.66936, "fair_value": 9.981385, "relative_strength": -21.004841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.473804, "energy": 86.963528, "activity_lines": [ 8.423296, 8.666492, 9.180565, 9.440823 ] }, { "date": "2024-06-28", "close": 8.451089, "volume": 7213304, "typical_volume": 6129292.15, "trend": 9.639627, "fair_value": 9.956117, "relative_strength": -19.546487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.810701, "energy": 75.278672, "activity_lines": [ 8.406503, 8.584058, 9.075398, 9.362225 ] }, { "date": "2024-07-05", "close": 8.161488, "volume": 3426141, "typical_volume": 5969845.2, "trend": 9.604511, "fair_value": 9.932628, "relative_strength": -23.329582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.043987, "energy": 70.91135, "activity_lines": [ 8.312865, 8.469657, 8.950306, 9.266861 ] }, { "date": "2024-07-12", "close": 8.442314, "volume": 6972338, "typical_volume": 6014405.7, "trend": 9.556835, "fair_value": 9.912889, "relative_strength": -21.121878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.762622, "energy": 58.900191, "activity_lines": [ 8.346618, 8.433373, 8.861078, 9.191881 ] }, { "date": "2024-07-19", "close": 8.389659, "volume": 9175878, "typical_volume": 6077811.5, "trend": 9.496871, "fair_value": 9.890863, "relative_strength": -19.747724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.028091, "energy": 53.824326, "activity_lines": [ 8.362825, 8.403467, 8.775273, 9.116579 ] }, { "date": "2024-07-26", "close": 8.354556, "volume": 7297207, "typical_volume": 6245049.9, "trend": 9.438905, "fair_value": 9.868822, "relative_strength": -19.099522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.567497, "energy": 50.978278, "activity_lines": [ 8.362162, 8.377771, 8.696124, 9.042881 ] }, { "date": "2024-08-02", "close": 8.091282, "volume": 8292417, "typical_volume": 6357146.15, "trend": 9.375033, "fair_value": 9.843935, "relative_strength": -19.658804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.554338, "energy": 52.747564, "activity_lines": [ 8.272648, 8.316069, 8.602152, 8.955938 ] }, { "date": "2024-08-09", "close": 7.942093, "volume": 8928060, "typical_volume": 6476384.75, "trend": 9.308199, "fair_value": 9.81825, "relative_strength": -20.831946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.328298, "energy": 58.101203, "activity_lines": [ 8.157393, 8.239152, 8.503669, 8.86349 ] }, { "date": "2024-08-16", "close": 8.117609, "volume": 5443055, "typical_volume": 6508904.9, "trend": 9.242334, "fair_value": 9.797693, "relative_strength": -21.8458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.365647, "energy": 51.968776, "activity_lines": [ 8.115269, 8.207351, 8.432516, 8.786678 ] }, { "date": "2024-08-23", "close": 8.363331, "volume": 5139303, "typical_volume": 6440079.25, "trend": 9.182076, "fair_value": 9.774076, "relative_strength": -20.291713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.543165, "energy": 47.270699, "activity_lines": [ 8.176699, 8.226131, 8.394998, 8.729968 ] }, { "date": "2024-08-30", "close": 8.337004, "volume": 8397019, "typical_volume": 6598431.65, "trend": 9.125247, "fair_value": 9.75166, "relative_strength": -20.418892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.24279, "energy": 39.812516, "activity_lines": [ 8.231109, 8.239194, 8.363414, 8.675447 ] }, { "date": "2024-09-06", "close": 7.968421, "volume": 7186670, "typical_volume": 6659144.05, "trend": 9.055558, "fair_value": 9.730252, "relative_strength": -20.267678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.838877, "energy": 40.761455, "activity_lines": [ 8.163828, 8.185263, 8.304715, 8.600813 ] }, { "date": "2024-09-13", "close": 8.021075, "volume": 9320258, "typical_volume": 6873653.7, "trend": 8.98705, "fair_value": 9.706548, "relative_strength": -22.417102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.519082, "energy": 38.245282, "activity_lines": [ 8.122289, 8.149681, 8.258748, 8.534072 ] }, { "date": "2024-09-20", "close": 8.67926, "volume": 9504555, "typical_volume": 6985701.8, "trend": 8.935888, "fair_value": 9.683007, "relative_strength": -16.884086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.408801, "energy": 17.985397, "activity_lines": [ 8.29488, 8.236322, 8.283219, 8.514215 ] }, { "date": "2024-09-27", "close": 8.266798, "volume": 7262009, "typical_volume": 6997890.75, "trend": 8.861791, "fair_value": 9.654977, "relative_strength": -20.836162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.999178, "energy": 19.890747, "activity_lines": [ 8.29254, 8.243661, 8.271459, 8.471048 ] }, { "date": "2024-10-04", "close": 8.401876, "volume": 7592984, "typical_volume": 7158937.8, "trend": 8.791622, "fair_value": 9.630712, "relative_strength": -19.32977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.568273, "energy": 11.614078, "activity_lines": [ 8.341662, 8.277795, 8.275922, 8.441376 ] }, { "date": "2024-10-11", "close": 8.161058, "volume": 7062612, "typical_volume": 7200502.25, "trend": 8.726057, "fair_value": 9.604535, "relative_strength": -22.110972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.134453, "energy": 14.530556, "activity_lines": [ 8.306186, 8.267283, 8.260331, 8.400694 ] }, { "date": "2024-10-18", "close": 8.116462, "volume": 7275302, "typical_volume": 7261267.45, "trend": 8.657571, "fair_value": 9.580444, "relative_strength": -22.736927, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.793639, "energy": 20.657622, "activity_lines": [ 8.243002, 8.247393, 8.243281, 8.361366 ] }, { "date": "2024-10-25", "close": 8.062947, "volume": 6228761, "typical_volume": 7310347.0, "trend": 8.584123, "fair_value": 9.556115, "relative_strength": -22.067064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.507569, "energy": 27.382983, "activity_lines": [ 8.15562, 8.214604, 8.223761, 8.323003 ] }, { "date": "2024-11-01", "close": 7.822129, "volume": 8049283, "typical_volume": 7313715.95, "trend": 8.506991, "fair_value": 9.524444, "relative_strength": -22.760885, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.909323, "energy": 50.119336, "activity_lines": [ 8.029054, 8.139023, 8.183113, 8.273842 ] }, { "date": "2024-11-08", "close": 8.669452, "volume": 11848458, "typical_volume": 7580780.7, "trend": 8.462156, "fair_value": 9.504688, "relative_strength": -17.837849, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.884296, "energy": 11.837438, "activity_lines": [ 8.214573, 8.227341, 8.225496, 8.284323 ] }, { "date": "2024-11-15", "close": 8.571341, "volume": 9940755, "typical_volume": 7717153.25, "trend": 8.428237, "fair_value": 9.487467, "relative_strength": -16.556957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.065178, "energy": 5.778143, "activity_lines": [ 8.34955, 8.291776, 8.256958, 8.291367 ] }, { "date": "2024-11-22", "close": 8.838916, "volume": 5576710, "typical_volume": 7824681.7, "trend": 8.401211, "fair_value": 9.476915, "relative_strength": -14.889824, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.305687, "energy": 27.250531, "activity_lines": [ 8.546367, 8.393899, 8.31333, 8.317863 ] }, { "date": "2024-11-29", "close": 9.106492, "volume": 7463904, "typical_volume": 7849260.0, "trend": 8.394106, "fair_value": 9.469608, "relative_strength": -12.807704, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.141316, "energy": 51.908591, "activity_lines": [ 8.784212, 8.529802, 8.39196, 8.363365 ] }, { "date": "2024-12-06", "close": 9.302714, "volume": 11051427, "typical_volume": 7943037.45, "trend": 8.405122, "fair_value": 9.458603, "relative_strength": -11.208169, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.354316, "energy": 75.272557, "activity_lines": [ 9.017895, 8.693615, 8.486115, 8.421985 ] }, { "date": "2024-12-13", "close": 9.24028, "volume": 6549851, "typical_volume": 7905669.65, "trend": 8.412899, "fair_value": 9.450256, "relative_strength": -10.686588, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.242752, "energy": 75.612806, "activity_lines": [ 9.13206, 8.82724, 8.569975, 8.475866 ] }, { "date": "2024-12-20", "close": 9.177846, "volume": 12492076, "typical_volume": 8115652.6, "trend": 8.427281, "fair_value": 9.435077, "relative_strength": -8.992883, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.084444, "energy": 73.243711, "activity_lines": [ 9.187359, 8.934271, 8.643672, 8.525217 ] }, { "date": "2024-12-27", "close": 9.052977, "volume": 3051813, "typical_volume": 7821840.25, "trend": 8.440106, "fair_value": 9.419625, "relative_strength": -10.176226, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.703345, "energy": 64.627353, "activity_lines": [ 9.160602, 9.000111, 8.700303, 8.565585 ] }, { "date": "2025-01-03", "close": 9.032125, "volume": 6332053, "typical_volume": 7866290.15, "trend": 8.459763, "fair_value": 9.401138, "relative_strength": -9.260236, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.545127, "energy": 42.809468, "activity_lines": [ 9.112623, 9.045132, 8.749658, 8.60378 ] }, { "date": "2025-01-10", "close": 8.85112, "volume": 8371384, "typical_volume": 8027894.2, "trend": 8.47773, "fair_value": 9.380172, "relative_strength": -8.70853, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.83175, "energy": 29.539914, "activity_lines": [ 9.009267, 9.039621, 8.777419, 8.629028 ] }, { "date": "2025-01-17", "close": 8.968773, "volume": 8692552, "typical_volume": 8042670.85, "trend": 8.49875, "fair_value": 9.364285, "relative_strength": -9.49637, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.288241, "energy": 23.143982, "activity_lines": [ 8.975235, 9.036793, 8.814063, 8.660709 ] }, { "date": "2025-01-24", "close": 8.85112, "volume": 4966860, "typical_volume": 7931680.35, "trend": 8.512084, "fair_value": 9.35023, "relative_strength": -11.535318, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.009078, "energy": 18.026541, "activity_lines": [ 8.920085, 9.007132, 8.836493, 8.683442 ] }, { "date": "2025-01-31", "close": 8.82397, "volume": 7904676, "typical_volume": 7860901.25, "trend": 8.534167, "fair_value": 9.332782, "relative_strength": -10.285687, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.246842, "energy": 17.328021, "activity_lines": [ 8.877668, 8.967447, 8.852134, 8.703564 ] }, { "date": "2025-02-07", "close": 8.84207, "volume": 6282600, "typical_volume": 7699803.5, "trend": 8.547492, "fair_value": 9.312496, "relative_strength": -9.346184, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.326113, "energy": 16.121624, "activity_lines": [ 8.85655, 8.931325, 8.865676, 8.723429 ] }, { "date": "2025-02-14", "close": 8.652015, "volume": 5034224, "typical_volume": 7588414.25, "trend": 8.556237, "fair_value": 9.289568, "relative_strength": -11.943066, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.557175, "energy": 14.161062, "activity_lines": [ 8.784752, 8.865455, 8.860342, 8.730172 ] }, { "date": "2025-02-21", "close": 8.45291, "volume": 6413910, "typical_volume": 7529460.55, "trend": 8.559516, "fair_value": 9.267948, "relative_strength": -11.909686, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.713981, "energy": 11.691488, "activity_lines": [ 8.659859, 8.775215, 8.834211, 8.723506 ] }, { "date": "2025-02-28", "close": 8.380508, "volume": 15233931, "typical_volume": 7938026.5, "trend": 8.569156, "fair_value": 9.251825, "relative_strength": -11.110963, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.17688, "energy": 25.434429, "activity_lines": [ 8.545222, 8.686127, 8.800942, 8.711957 ] }, { "date": "2025-03-07", "close": 8.642965, "volume": 10314547, "typical_volume": 8089988.75, "trend": 8.592519, "fair_value": 9.237121, "relative_strength": -4.752405, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.340703, "energy": 25.917231, "activity_lines": [ 8.549446, 8.659255, 8.791623, 8.716719 ] }, { "date": "2025-03-14", "close": 7.909897, "volume": 11381244, "typical_volume": 8347612.9, "trend": 8.585595, "fair_value": 9.21144, "relative_strength": -10.142116, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.801496, "energy": 52.127124, "activity_lines": [ 8.32138, 8.506553, 8.709982, 8.672679 ] }, { "date": "2025-03-21", "close": 7.611239, "volume": 16769806, "typical_volume": 8783639.05, "trend": 8.560525, "fair_value": 9.187168, "relative_strength": -13.306974, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.93841, "energy": 66.142473, "activity_lines": [ 8.055907, 8.319954, 8.600625, 8.609817 ] }, { "date": "2025-03-28", "close": 7.258281, "volume": 11767733, "typical_volume": 8779602.8, "trend": 8.524568, "fair_value": 9.157573, "relative_strength": -15.377027, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.928306, "energy": 74.281646, "activity_lines": [ 7.742166, 8.091724, 8.458658, 8.525801 ] }, { "date": "2025-04-04", "close": 6.280374, "volume": 25890074, "typical_volume": 9577068.75, "trend": 8.4683, "fair_value": 9.131845, "relative_strength": -18.731326, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.815961, "energy": 94.050266, "activity_lines": [ 7.182098, 7.716792, 8.230277, 8.381014 ] }, { "date": "2025-04-11", "close": 6.354153, "volume": 19566481, "typical_volume": 10276557.3, "trend": 8.412736, "fair_value": 9.098039, "relative_strength": -21.404229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.841108, "energy": 92.638912, "activity_lines": [ 6.786632, 7.402016, 8.019831, 8.244618 ] }, { "date": "2025-04-18", "close": 6.418709, "volume": 11892299, "typical_volume": 10497977.05, "trend": 8.337384, "fair_value": 9.06454, "relative_strength": -18.704138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.878243, "energy": 90.019057, "activity_lines": [ 6.565272, 7.143883, 7.827366, 8.115971 ] }, { "date": "2025-04-25", "close": 6.474042, "volume": 8338067, "typical_volume": 10362309.05, "trend": 8.277625, "fair_value": 9.03203, "relative_strength": -20.853461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.701235, "energy": 86.141872, "activity_lines": [ 6.461769, 6.939872, 7.65297, 7.995755 ] }, { "date": "2025-05-02", "close": 6.695377, "volume": 12114245, "typical_volume": 10640528.75, "trend": 8.220742, "fair_value": 9.003788, "relative_strength": -19.785571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.250132, "energy": 66.093247, "activity_lines": [ 6.507857, 6.815702, 7.513123, 7.893675 ] }, { "date": "2025-05-09", "close": 6.796822, "volume": 18154455, "typical_volume": 10923647.7, "trend": 8.175268, "fair_value": 8.977254, "relative_strength": -17.640137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.651768, "energy": 54.819405, "activity_lines": [ 6.625288, 6.741933, 7.395057, 7.801809 ] }, { "date": "2025-05-16", "close": 6.999713, "volume": 10312634, "typical_volume": 11286688.75, "trend": 8.138043, "fair_value": 8.956295, "relative_strength": -18.862668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.814634, "energy": 41.35321, "activity_lines": [ 6.775918, 6.733847, 7.307651, 7.725967 ] }, { "date": "2025-05-23", "close": 6.566265, "volume": 10433116, "typical_volume": 11491741.9, "trend": 8.088153, "fair_value": 8.926487, "relative_strength": -21.341999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.975523, "energy": 38.571793, "activity_lines": [ 6.739029, 6.676829, 7.188742, 7.624562 ] }, { "date": "2025-05-30", "close": 6.732266, "volume": 7860572, "typical_volume": 11466201.3, "trend": 8.051824, "fair_value": 8.897005, "relative_strength": -20.204071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.491543, "energy": 34.116532, "activity_lines": [ 6.747637, 6.674424, 7.097385, 7.537085 ] }, { "date": "2025-06-06", "close": 6.852156, "volume": 5739373, "typical_volume": 11318542.35, "trend": 7.991248, "fair_value": 8.874045, "relative_strength": -19.610786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.098513, "energy": 31.471108, "activity_lines": [ 6.778992, 6.709797, 7.027535, 7.459687 ] }, { "date": "2025-06-13", "close": 6.501709, "volume": 8504970, "typical_volume": 11495447.85, "trend": 7.92226, "fair_value": 8.85739, "relative_strength": -22.967957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.95253, "energy": 41.117005, "activity_lines": [ 6.683081, 6.688838, 6.934389, 7.363588 ] }, { "date": "2025-06-20", "close": 6.630821, "volume": 7615490, "typical_volume": 11480988.55, "trend": 7.848657, "fair_value": 8.840718, "relative_strength": -20.845342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.186301, "energy": 38.022982, "activity_lines": [ 6.64988, 6.687329, 6.864727, 7.280269 ] }, { "date": "2025-06-27", "close": 6.916712, "volume": 9663114, "typical_volume": 11650014.25, "trend": 7.775664, "fair_value": 8.826618, "relative_strength": -19.712674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.279838, "energy": 29.019331, "activity_lines": [ 6.73657, 6.732769, 6.832737, 7.220144 ] }, { "date": "2025-07-04", "close": 7.125113, "volume": 5083909, "typical_volume": 11652498.5, "trend": 7.703078, "fair_value": 8.813009, "relative_strength": -18.280042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.463305, "energy": 24.088396, "activity_lines": [ 6.869363, 6.807046, 6.829762, 7.178173 ] }, { "date": "2025-07-11", "close": 7.266297, "volume": 6378040, "typical_volume": 11650705.0, "trend": 7.637278, "fair_value": 8.799723, "relative_strength": -16.012564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.752337, "energy": 14.528793, "activity_lines": [ 7.023028, 6.895156, 6.847504, 7.149993 ] }, { "date": "2025-07-18", "close": 7.106288, "volume": 7403332, "typical_volume": 11259175.05, "trend": 7.568226, "fair_value": 8.782981, "relative_strength": -17.908237, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.840808, "energy": 18.547006, "activity_lines": [ 7.095747, 6.943792, 6.855658, 7.115736 ] }, { "date": "2025-07-25", "close": 7.379245, "volume": 5679396, "typical_volume": 11027417.5, "trend": 7.512435, "fair_value": 8.76429, "relative_strength": -15.563443, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.59557, "energy": 19.089951, "activity_lines": [ 7.219147, 7.036431, 6.895876, 7.103544 ] }, { "date": "2025-08-01", "close": 6.795682, "volume": 8859624, "typical_volume": 10901336.5, "trend": 7.437887, "fair_value": 8.74207, "relative_strength": -19.817951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.209312, "energy": 15.565758, "activity_lines": [ 7.098131, 7.016066, 6.886534, 7.057302 ] }, { "date": "2025-08-08", "close": 6.54155, "volume": 9925405, "typical_volume": 10559116.45, "trend": 7.360901, "fair_value": 8.713095, "relative_strength": -24.173604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.40407, "energy": 21.865575, "activity_lines": [ 6.900472, 6.945324, 6.858295, 6.999473 ] }, { "date": "2025-08-15", "close": 6.729796, "volume": 12887689, "typical_volume": 10615114.25, "trend": 7.286269, "fair_value": 8.687811, "relative_strength": -22.268301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.168516, "energy": 24.415499, "activity_lines": [ 6.804467, 6.912277, 6.853077, 6.958757 ] }, { "date": "2025-08-22", "close": 7.266297, "volume": 13645108, "typical_volume": 10002865.95, "trend": 7.233441, "fair_value": 8.668766, "relative_strength": -15.857424, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.845285, "energy": 15.667466, "activity_lines": [ 6.923062, 6.979, 6.901472, 6.957468 ] }, { "date": "2025-08-29", "close": 7.247473, "volume": 11578710, "typical_volume": 9603477.4, "trend": 7.180892, "fair_value": 8.652612, "relative_strength": -15.588079, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.286497, "energy": 8.139007, "activity_lines": [ 7.024715, 7.028399, 6.943379, 6.958374 ] }, { "date": "2025-09-05", "close": 7.416894, "volume": 9136381, "typical_volume": 9465681.5, "trend": 7.133386, "fair_value": 8.634215, "relative_strength": -13.473257, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.759768, "energy": 30.947172, "activity_lines": [ 7.191626, 7.097389, 6.997167, 6.9736 ] }, { "date": "2025-09-12", "close": 7.200411, "volume": 7874768, "typical_volume": 9442516.55, "trend": 7.084999, "fair_value": 8.616597, "relative_strength": -16.876201, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.453932, "energy": 36.996595, "activity_lines": [ 7.244963, 7.117925, 7.025585, 6.977924 ] }, { "date": "2025-09-19", "close": 7.219236, "volume": 13480673, "typical_volume": 9510837.95, "trend": 7.043876, "fair_value": 8.606761, "relative_strength": -17.123221, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.533265, "energy": 39.035743, "activity_lines": [ 7.26065, 7.140515, 7.052336, 6.986584 ] }, { "date": "2025-09-26", "close": 7.002753, "volume": 11418529, "typical_volume": 9174041.65, "trend": 6.997951, "fair_value": 8.597913, "relative_strength": -18.897617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.998809, "energy": 26.407285, "activity_lines": [ 7.171547, 7.124599, 7.055976, 6.983931 ] }, { "date": "2025-10-03", "close": 6.773916, "volume": 8660153, "typical_volume": 9091417.6, "trend": 6.93565, "fair_value": 8.585792, "relative_strength": -21.8708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 18.379521, "energy": 11.21601, "activity_lines": [ 7.023734, 7.06896, 7.036841, 6.969477 ] }, { "date": "2025-10-10", "close": 6.341539, "volume": 11747687, "typical_volume": 9157146.15, "trend": 6.883371, "fair_value": 8.569625, "relative_strength": -24.535795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.885796, "energy": 27.205143, "activity_lines": [ 6.763367, 6.945712, 6.977602, 6.931148 ] }, { "date": "2025-10-17", "close": 6.658616, "volume": 9050509, "typical_volume": 9216643.0, "trend": 6.851617, "fair_value": 8.55018, "relative_strength": -21.646731, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.179859, "energy": 26.877139, "activity_lines": [ 6.680382, 6.888372, 6.949632, 6.916647 ] }, { "date": "2025-10-24", "close": 6.697049, "volume": 17305042, "typical_volume": 9794926.45, "trend": 6.832909, "fair_value": 8.528699, "relative_strength": -22.199059, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.902437, "energy": 35.669681, "activity_lines": [ 6.646327, 6.835891, 6.925672, 6.906675 ] }, { "date": "2025-10-31", "close": 6.533706, "volume": 7187343, "typical_volume": 9729045.1, "trend": 6.841354, "fair_value": 8.510099, "relative_strength": -24.14016, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.225424, "energy": 48.689483, "activity_lines": [ 6.592638, 6.754307, 6.886894, 6.887372 ] }, { "date": "2025-11-07", "close": 6.966084, "volume": 8183421, "typical_volume": 9757441.65, "trend": 6.861751, "fair_value": 8.490555, "relative_strength": -17.243019, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.073979, "energy": 16.351257, "activity_lines": [ 6.714344, 6.764657, 6.889143, 6.895419 ] }, { "date": "2025-11-14", "close": 7.139035, "volume": 9622532, "typical_volume": 9755412.55, "trend": 6.885762, "fair_value": 8.473871, "relative_strength": -14.76264, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.86018, "energy": 6.610128, "activity_lines": [ 6.88089, 6.811569, 6.906267, 6.913308 ] }, { "date": "2025-11-21", "close": 7.225511, "volume": 10358856, "typical_volume": 10019159.9, "trend": 6.910811, "fair_value": 8.456627, "relative_strength": -11.487269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.556886, "energy": 17.439238, "activity_lines": [ 7.023094, 6.879256, 6.930569, 6.935227 ] }, { "date": "2025-11-28", "close": 7.244727, "volume": 8281978, "typical_volume": 10114356.8, "trend": 6.929123, "fair_value": 8.439134, "relative_strength": -13.786944, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.901707, "energy": 31.745929, "activity_lines": [ 7.133911, 6.94998, 6.956222, 6.95677 ] }, { "date": "2025-12-05", "close": 7.033343, "volume": 11453789, "typical_volume": 10316879.65, "trend": 6.937007, "fair_value": 8.4231, "relative_strength": -15.894825, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.555307, "energy": 31.853509, "activity_lines": [ 7.137754, 6.981807, 6.961846, 6.963494 ] }, { "date": "2025-12-12", "close": 7.360028, "volume": 13834060, "typical_volume": 10724612.85, "trend": 6.949017, "fair_value": 8.411604, "relative_strength": -10.822489, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.654882, "energy": 50.349655, "activity_lines": [ 7.217183, 7.072475, 6.99893, 6.990786 ] }, { "date": "2025-12-19", "close": 7.494546, "volume": 15717949, "typical_volume": 11067529.1, "trend": 6.97996, "fair_value": 8.403677, "relative_strength": -8.622562, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.297862, "energy": 55.806962, "activity_lines": [ 7.315189, 7.176945, 7.048917, 7.025981 ] }, { "date": "2025-12-26", "close": 7.369637, "volume": 4907071, "typical_volume": 10816612.4, "trend": 7.001206, "fair_value": 8.394416, "relative_strength": -10.738806, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.9751, "energy": 51.797005, "activity_lines": [ 7.347858, 7.23774, 7.08368, 7.051122 ] }, { "date": "2026-01-02", "close": 7.498415, "volume": 6318087, "typical_volume": 10488132.3, "trend": 7.022748, "fair_value": 8.385768, "relative_strength": -7.566844, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.306485, "energy": 58.203652, "activity_lines": [ 7.413844, 7.309021, 7.126764, 7.0832 ] }, { "date": "2026-01-09", "close": 7.616037, "volume": 8283109, "typical_volume": 10220032.35, "trend": 7.059892, "fair_value": 8.374458, "relative_strength": -6.920007, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.30468, "energy": 61.84647, "activity_lines": [ 7.502125, 7.387118, 7.177391, 7.121477 ] }, { "date": "2026-01-16", "close": 7.508217, "volume": 6602197, "typical_volume": 9971206.7, "trend": 7.089138, "fair_value": 8.361337, "relative_strength": -7.263136, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.459992, "energy": 52.083529, "activity_lines": [ 7.51562, 7.425933, 7.216083, 7.150401 ] }, { "date": "2026-01-23", "close": 7.449406, "volume": 6578234, "typical_volume": 9843299.35, "trend": 7.106895, "fair_value": 8.343091, "relative_strength": -7.066538, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.512107, "energy": 41.207751, "activity_lines": [ 7.499632, 7.444198, 7.247933, 7.173644 ] }, { "date": "2026-01-30", "close": 7.282774, "volume": 8124715, "typical_volume": 9855796.7, "trend": 7.11215, "fair_value": 8.322069, "relative_strength": -8.855652, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.466734, "energy": 30.398804, "activity_lines": [ 7.431109, 7.426523, 7.263758, 7.184991 ] }, { "date": "2026-02-06", "close": 7.812074, "volume": 8234770, "typical_volume": 9593501.55, "trend": 7.130343, "fair_value": 8.308334, "relative_strength": -1.453009, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.63159, "energy": 38.261734, "activity_lines": [ 7.54481, 7.504043, 7.3296, 7.230147 ] }, { "date": "2026-02-13", "close": 8.125733, "volume": 8303656, "typical_volume": 9437757.9, "trend": 7.164324, "fair_value": 8.299972, "relative_strength": 4.263186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.840457, "energy": 54.002648, "activity_lines": [ 7.742154, 7.628277, 7.422492, 7.294366 ] }, { "date": "2026-02-20", "close": 8.05712, "volume": 6831957, "typical_volume": 9346348.1, "trend": 7.18692, "fair_value": 8.290476, "relative_strength": 2.674692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.920085, "energy": 66.174243, "activity_lines": [ 7.882647, 7.720173, 7.503501, 7.351966 ] }, { "date": "2026-02-27", "close": 7.861083, "volume": 11999503, "typical_volume": 9358938.9, "trend": 7.222434, "fair_value": 8.279457, "relative_strength": 1.15914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.547419, "energy": 65.68815, "activity_lines": [ 7.921201, 7.763753, 7.55973, 7.39546 ] }, { "date": "2026-03-06", "close": 7.68465, "volume": 10240130, "typical_volume": 9418419.95, "trend": 7.260537, "fair_value": 8.272056, "relative_strength": 1.537464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.19583, "energy": 51.975786, "activity_lines": [ 7.873499, 7.768589, 7.59192, 7.42528 ] }, { "date": "2026-03-13", "close": 7.282774, "volume": 8614866, "typical_volume": 8983911.15, "trend": 7.278969, "fair_value": 8.265226, "relative_strength": -1.765665, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.844311, "energy": 20.601457, "activity_lines": [ 7.665046, 7.69463, 7.58095, 7.426715 ] }, { "date": "2026-03-20", "close": 7.351387, "volume": 12751761, "typical_volume": 9262132.05, "trend": 7.281806, "fair_value": 8.26097, "relative_strength": 1.379887, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.32817, "energy": 16.953023, "activity_lines": [ 7.514751, 7.637066, 7.573725, 7.431387 ] }, { "date": "2026-03-27", "close": 7.331783, "volume": 7831792, "typical_volume": 9244550.6, "trend": 7.284616, "fair_value": 8.250967, "relative_strength": 3.712732, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.668362, "energy": 18.364531, "activity_lines": [ 7.409545, 7.58075, 7.56074, 7.434612 ] }, { "date": "2026-04-03", "close": 7.35, "volume": 9464519, "typical_volume": 9236649.95, "trend": 7.282386, "fair_value": 8.242425, "relative_strength": 0.761152, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.086618, "energy": 16.366455, "activity_lines": [ 7.358766, 7.530954, 7.547748, 7.43883 ] }, { "date": "2026-04-10", "close": 7.85, "volume": 11786954, "typical_volume": 9308054.85, "trend": 7.304039, "fair_value": 8.237303, "relative_strength": 3.959982, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.490211, "energy": 13.55257, "activity_lines": [ 7.508726, 7.573875, 7.581371, 7.47545 ] }, { "date": "2026-04-17", "close": 8.09, "volume": 12438361, "typical_volume": 9515874.0, "trend": 7.333065, "fair_value": 8.233774, "relative_strength": 2.676918, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.105862, "energy": 27.43249, "activity_lines": [ 7.727664, 7.650118, 7.634877, 7.526157 ] }, { "date": "2026-04-24", "close": 7.97, "volume": 9106563, "typical_volume": 9398512.7, "trend": 7.365306, "fair_value": 8.230551, "relative_strength": 0.742752, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.370672, "energy": 40.5597, "activity_lines": [ 7.852786, 7.69949, 7.672929, 7.56725 ] }, { "date": "2026-05-01", "close": 8.19625, "volume": 14566039, "typical_volume": 9435111.65, "trend": 7.412717, "fair_value": 8.225336, "relative_strength": 2.740577, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.226826, "energy": 55.989589, "activity_lines": [ 8.012083, 7.79283, 7.728069, 7.620859 ] }, { "date": "2026-05-08", "close": 8.838125, "volume": 25135679, "typical_volume": 9905998.15, "trend": 7.495937, "fair_value": 8.224398, "relative_strength": 8.275352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.662362, "energy": 75.831947, "activity_lines": [ 8.327708, 8.000345, 7.840358, 7.712821 ] }, { "date": "2026-05-15", "close": 8.838125, "volume": 14460772, "typical_volume": 10383683.2, "trend": 7.568587, "fair_value": 8.224212, "relative_strength": 8.040488, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.891587, "energy": 79.213023, "activity_lines": [ 8.544125, 8.190096, 7.946248, 7.799414 ] }, { "date": "2026-05-22", "close": 9.46025, "volume": 8535962, "typical_volume": 10494576.95, "trend": 7.660694, "fair_value": 8.229144, "relative_strength": 14.399816, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.706086, "energy": 88.39655, "activity_lines": [ 8.902042, 8.471988, 8.104396, 7.921456 ] }, { "date": "2026-05-29", "close": 9.608375, "volume": 8308269, "typical_volume": 10495834.95, "trend": 7.763183, "fair_value": 8.232013, "relative_strength": 14.298562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.613435, "energy": 92.299932, "activity_lines": [ 9.217983, 8.741221, 8.267309, 8.047113 ] }, { "date": "2026-06-05", "close": 10.4675, "volume": 8929230, "typical_volume": 10612186.6, "trend": 7.879897, "fair_value": 8.24082, "relative_strength": 27.136956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.744325, "energy": 96.331864, "activity_lines": [ 9.711075, 9.125623, 8.502556, 8.221585 ] }, { "date": "2026-06-12", "close": 10.88225, "volume": 10731305, "typical_volume": 10819840.15, "trend": 8.004671, "fair_value": 8.256158, "relative_strength": 30.603584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.807658, "energy": 96.568513, "activity_lines": [ 10.191, 9.52842, 8.763211, 8.415285 ] }, { "date": "2026-06-19", "close": 11.287125, "volume": 7269768, "typical_volume": 10777092.8, "trend": 8.140058, "fair_value": 8.27608, "relative_strength": 33.342347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.216613, "energy": 96.182541, "activity_lines": [ 10.669608, 9.940609, 9.046079, 8.627057 ] }, { "date": "2026-06-26", "close": 11.879625, "volume": 12131211, "typical_volume": 10971914.85, "trend": 8.294554, "fair_value": 8.296572, "relative_strength": 42.56831, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.279457, "energy": 96.646581, "activity_lines": [ 11.18245, 10.398032, 9.366307, 8.868319 ] }, { "date": "2026-07-03", "close": 11.78, "volume": 9395346, "typical_volume": 11026499.35, "trend": 8.452776, "fair_value": 8.315557, "relative_strength": 37.38232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.285865, "energy": 92.708787, "activity_lines": [ 11.500792, 10.768439, 9.657678, 9.093187 ] }, { "date": "2026-07-10", "close": 11.47, "volume": 10413652, "typical_volume": 11205584.1, "trend": 8.589775, "fair_value": 8.334506, "relative_strength": 31.217064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.446333, "energy": 86.584189, "activity_lines": [ 11.571025, 11.013209, 9.902123, 9.287846 ] }, { "date": "2026-07-17", "close": 11.91, "volume": 8245497, "typical_volume": 11017883.8, "trend": 8.736957, "fair_value": 8.35671, "relative_strength": 37.344444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.472385, "energy": 76.587257, "activity_lines": [ 11.721092, 11.278457, 10.172222, 9.502054 ] }, { "date": "2026-07-24", "close": 12.34, "volume": 7859980, "typical_volume": 10898876.3, "trend": 8.902636, "fair_value": 8.380315, "relative_strength": 41.975172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.935079, "energy": 72.483599, "activity_lines": [ 11.945975, 11.566034, 10.463992, 9.734509 ] }, { "date": "2026-07-31", "close": 12.25, "volume": 8360421, "typical_volume": 10886154.05, "trend": 9.061022, "fair_value": 8.405782, "relative_strength": 38.203332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.397653, "energy": 69.248953, "activity_lines": [ 12.070667, 11.773577, 10.725023, 9.950468 ] }, { "date": "2026-08-07", "close": 11.13, "volume": 11101135, "typical_volume": 10803622.75, "trend": 9.178154, "fair_value": 8.423906, "relative_strength": 20.52414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.778114, "energy": 62.91872, "activity_lines": [ 11.797333, 11.726761, 10.855733, 10.08395 ] } ], "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." } } }