{ "ticker": { "uuid": "80c050cc-907e-4c23-a2c3-55dd5e326c31", "symbol": "NEGG", "name": "Newegg Commerce 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -64.55, "architecture_energy": 62.374, "architecture_maturity": 99.894, "architecture_confidence": 95.991, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 8.05, "rotation_up": 29.72, "upward_expansion": 12.0, "deceleration": 51.78, "rotation_down": 52.26, "downward_expansion": 85.33 }, "activity_lines": [ 14.747333, 15.040909, 18.594786, 23.769946 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 17.12, "trend_reference": 31.295167, "distance_from_trend": -0.452951, "trend_direction": "Weakening", "fair_value": 25.724942, "distance_from_fair_value": -0.334498, "fair_value_direction": "Weakening", "relative_strength": -67.331092, "relative_strength_direction": "Weakening", "price_momentum": -0.673282, "excess_performance": -0.860736, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.452951, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.346695, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.334498, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.301908, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.673311, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.13439, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.673282, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.521044, "read": "Supply-led" } ], "volume": { "latest": 640603, "relative_activity": 1.556227, "balance": 0.521044, "dry_up": 1.059125, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.212842, "annualized_volatility": 0.873736, "from_high_reference": -0.875797, "from_low_reference": 0.369589 }, "levels": { "trend_reference": 31.295167, "fair_value_reference": 25.724942, "structural_low": 12.5001, "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": 40, "median_return": -0.099603, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.123346, "regime_survival": 0.925, "best_return": 1.048605, "worst_return": -0.392532, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.266389, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.336309, "regime_survival": 0.833333, "best_return": 0.670832, "worst_return": -0.567017, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.391932, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.444188, "regime_survival": 0.666667, "best_return": 6.850768, "worst_return": -0.679612, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.113636, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.558316, "regime_survival": 0.333333, "best_return": 1.836321, "worst_return": -0.879781, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-21", "end": "2023-09-08", "tenure": "Developing", "return": -0.25, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-15", "end": "2023-11-24", "tenure": "Developing", "return": -0.05835, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2023-12-29", "tenure": "Developing", "return": -0.3, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-05", "end": "2024-04-19", "tenure": "Established", "return": -0.350086, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.239471, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-09-06", "tenure": "Established", "return": -0.264706, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2025-05-30", "tenure": "Extended", "return": -0.687863, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 3.734615, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-12", "tenure": "Developing", "return": 0.488325, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-10-31", "tenure": "Developing", "return": 0.541636, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.317932, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-09", "tenure": "New", "return": -0.08942, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": -0.043272, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-13", "end": "2026-08-07", "tenure": "Established", "return": -0.632854, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.6, "volume": 1593387, "typical_volume": 2331779.05, "trend": 25.956667, "fair_value": 131.724652, "relative_strength": -42.508529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.859967, "energy": 18.46074, "activity_lines": [ 24.613333, 25.227273, 24.321429, 24.494409 ] }, { "date": "2023-08-25", "close": 21.2, "volume": 1222484, "typical_volume": 2260601.85, "trend": 25.316667, "fair_value": 131.429164, "relative_strength": -45.088739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.518925, "energy": 32.499646, "activity_lines": [ 23.173333, 24.530909, 24.088571, 24.187527 ] }, { "date": "2023-09-01", "close": 22.4, "volume": 1243267, "typical_volume": 2223076.75, "trend": 24.756667, "fair_value": 131.1666, "relative_strength": -41.953545, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.317967, "energy": 32.641372, "activity_lines": [ 22.586667, 24.103636, 23.981429, 23.999355 ] }, { "date": "2023-09-08", "close": 21.0, "volume": 902957, "typical_volume": 2183886.6, "trend": 24.396667, "fair_value": 130.92101, "relative_strength": -43.259479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.612977, "energy": 46.564323, "activity_lines": [ 21.853333, 23.418182, 23.745714, 23.756989 ] }, { "date": "2023-09-15", "close": 20.6, "volume": 1516416, "typical_volume": 2170014.1, "trend": 24.01, "fair_value": 130.655318, "relative_strength": -42.611052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.261004, "energy": 57.094815, "activity_lines": [ 21.28, 22.703636, 23.474762, 23.512043 ] }, { "date": "2023-09-22", "close": 19.8, "volume": 1624336, "typical_volume": 2171703.75, "trend": 23.736667, "fair_value": 130.401728, "relative_strength": -41.723757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.89073, "energy": 57.154424, "activity_lines": [ 20.693333, 21.901818, 23.135238, 23.24043 ] }, { "date": "2023-09-29", "close": 16.91, "volume": 2678221, "typical_volume": 2240267.4, "trend": 23.367, "fair_value": 130.10469, "relative_strength": -48.94443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.449943, "energy": 68.789289, "activity_lines": [ 19.33, 20.747273, 22.530952, 22.8 ] }, { "date": "2023-10-06", "close": 15.326, "volume": 1293127, "typical_volume": 2207145.1, "trend": 22.9912, "fair_value": 129.792051, "relative_strength": -53.330758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.683522, "energy": 76.158275, "activity_lines": [ 17.724667, 19.506364, 21.79719, 22.281226 ] }, { "date": "2023-10-13", "close": 13.572, "volume": 1551001, "typical_volume": 2131879.05, "trend": 22.5436, "fair_value": 129.429821, "relative_strength": -57.634239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.522068, "energy": 89.056459, "activity_lines": [ 16.006267, 18.162436, 20.92721, 21.673535 ] }, { "date": "2023-10-20", "close": 12.184, "volume": 1650661, "typical_volume": 2149149.4, "trend": 22.089733, "fair_value": 129.091615, "relative_strength": -59.743662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.958223, "energy": 94.510813, "activity_lines": [ 14.3204, 16.7812, 19.96041, 21.005174 ] }, { "date": "2023-10-27", "close": 11.034, "volume": 1542438, "typical_volume": 2160400.8, "trend": 21.5642, "fair_value": 128.596962, "relative_strength": -61.498001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.738861, "energy": 94.47132, "activity_lines": [ 12.812267, 15.412982, 18.930829, 20.291901 ] }, { "date": "2023-11-03", "close": 13.916, "volume": 1776498, "typical_volume": 2156687.15, "trend": 21.2414, "fair_value": 128.22591, "relative_strength": -53.107961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.213037, "energy": 88.07228, "activity_lines": [ 12.8492, 14.779055, 18.235562, 19.798469 ] }, { "date": "2023-11-10", "close": 11.104, "volume": 1015712, "typical_volume": 2165581.75, "trend": 20.831533, "fair_value": 127.816321, "relative_strength": -62.649754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.195841, "energy": 90.645307, "activity_lines": [ 12.1484, 13.766291, 17.320505, 19.144443 ] }, { "date": "2023-11-17", "close": 19.996, "volume": 12970422, "typical_volume": 2767475.85, "trend": 20.778067, "fair_value": 127.447064, "relative_strength": -32.855915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.404569, "energy": 42.53201, "activity_lines": [ 14.693067, 14.575636, 17.305143, 19.090538 ] }, { "date": "2023-11-24", "close": 19.398, "volume": 2931487, "typical_volume": 2884865.95, "trend": 20.684667, "fair_value": 126.962436, "relative_strength": -34.305924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.42214, "energy": 23.978866, "activity_lines": [ 16.610133, 15.294509, 17.249038, 19.001501 ] }, { "date": "2023-12-01", "close": 36.0, "volume": 18139871, "typical_volume": 3409020.1, "trend": 21.151333, "fair_value": 126.617564, "relative_strength": 22.876095, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.300481, "energy": 45.840924, "activity_lines": [ 23.580267, 19.053782, 18.795038, 19.989587 ] }, { "date": "2023-12-08", "close": 22.6, "volume": 20890105, "typical_volume": 4188062.25, "trend": 21.191333, "fair_value": 126.123974, "relative_strength": -22.085496, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.75644, "energy": 35.067297, "activity_lines": [ 24.419333, 20.082145, 19.032943, 20.083049 ] }, { "date": "2023-12-15", "close": 23.3, "volume": 7483155, "typical_volume": 4391732.15, "trend": 21.241333, "fair_value": 125.629744, "relative_strength": -21.233942, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.981562, "energy": 33.784907, "activity_lines": [ 24.9128, 21.134327, 19.363229, 20.219092 ] }, { "date": "2023-12-22", "close": 23.4, "volume": 4100136, "typical_volume": 4418870.55, "trend": 21.321333, "fair_value": 125.175897, "relative_strength": -20.763602, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.935055, "energy": 32.203974, "activity_lines": [ 24.626533, 22.059709, 19.72161, 20.358361 ] }, { "date": "2023-12-29", "close": 25.2, "volume": 4315567, "typical_volume": 4522062.4, "trend": 21.428, "fair_value": 124.805385, "relative_strength": -14.093576, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.446308, "energy": 21.031994, "activity_lines": [ 24.713333, 23.133673, 20.260943, 20.608598 ] }, { "date": "2024-01-05", "close": 23.2, "volume": 2558688, "typical_volume": 4570327.45, "trend": 21.414667, "fair_value": 124.398974, "relative_strength": -17.436883, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.946776, "energy": 14.57221, "activity_lines": [ 23.746667, 23.607345, 20.60599, 20.72292 ] }, { "date": "2024-01-12", "close": 20.2, "volume": 2547922, "typical_volume": 4636599.35, "trend": 21.288, "fair_value": 123.915641, "relative_strength": -28.437081, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.180579, "energy": 7.191944, "activity_lines": [ 22.633333, 23.314364, 20.662467, 20.644555 ] }, { "date": "2024-01-19", "close": 16.998, "volume": 2655908, "typical_volume": 4707231.4, "trend": 21.1146, "fair_value": 123.263064, "relative_strength": -40.007057, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.466104, "energy": 9.873712, "activity_lines": [ 20.612667, 22.324945, 20.418752, 20.367781 ] }, { "date": "2024-01-26", "close": 16.16, "volume": 1578570, "typical_volume": 4741012.05, "trend": 20.873267, "fair_value": 122.311526, "relative_strength": -41.664741, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.36463, "energy": 17.92284, "activity_lines": [ 18.7328, 21.076, 20.120952, 20.048129 ] }, { "date": "2024-02-02", "close": 13.806, "volume": 3024290, "typical_volume": 4816405.75, "trend": 20.540133, "fair_value": 121.448744, "relative_strength": -49.324217, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.778671, "energy": 34.971667, "activity_lines": [ 16.550933, 19.4688, 19.62201, 19.592176 ] }, { "date": "2024-02-09", "close": 16.662, "volume": 2063093, "typical_volume": 4838343.6, "trend": 20.118867, "fair_value": 120.196577, "relative_strength": -38.690404, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.102257, "energy": 36.855264, "activity_lines": [ 16.080667, 18.482545, 19.427419, 19.341974 ] }, { "date": "2024-02-16", "close": 19.326, "volume": 2985447, "typical_volume": 4853704.9, "trend": 19.829733, "fair_value": 118.983282, "relative_strength": -26.388665, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.205214, "energy": 33.722083, "activity_lines": [ 16.934267, 18.332255, 19.501486, 19.290822 ] }, { "date": "2024-02-23", "close": 16.54, "volume": 1402248, "typical_volume": 4859160.95, "trend": 19.4744, "fair_value": 118.048282, "relative_strength": -36.723935, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.614317, "energy": 27.489834, "activity_lines": [ 16.917467, 17.734945, 19.298714, 19.078581 ] }, { "date": "2024-03-01", "close": 20.6, "volume": 1856614, "typical_volume": 4874441.6, "trend": 19.3144, "fair_value": 117.135462, "relative_strength": -21.547202, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.707072, "energy": 3.493825, "activity_lines": [ 18.284533, 17.998727, 19.476829, 19.1512 ] }, { "date": "2024-03-08", "close": 20.4, "volume": 2318489, "typical_volume": 4907833.0, "trend": 19.181067, "fair_value": 116.059821, "relative_strength": -19.931409, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.76997, "energy": 13.527775, "activity_lines": [ 19.288933, 18.277055, 19.602429, 19.221239 ] }, { "date": "2024-03-15", "close": 21.8, "volume": 2180607, "typical_volume": 4939741.45, "trend": 19.1544, "fair_value": 114.962385, "relative_strength": -12.303599, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.07745, "energy": 20.670033, "activity_lines": [ 20.3204, 18.8972, 19.822238, 19.390202 ] }, { "date": "2024-03-22", "close": 22.0, "volume": 2016416, "typical_volume": 4951737.35, "trend": 19.181067, "fair_value": 114.021359, "relative_strength": -13.083893, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.641109, "energy": 33.582921, "activity_lines": [ 21.076, 19.579164, 20.009829, 19.573789 ] }, { "date": "2024-03-29", "close": 18.484, "volume": 1701888, "typical_volume": 4986046.15, "trend": 19.050533, "fair_value": 113.037282, "relative_strength": -25.512925, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.936743, "energy": 21.118618, "activity_lines": [ 20.481333, 19.589127, 19.824067, 19.528817 ] }, { "date": "2024-04-05", "close": 17.05, "volume": 1378187, "typical_volume": 4406434.4, "trend": 18.918867, "fair_value": 112.050423, "relative_strength": -29.871057, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.203059, "energy": 5.213631, "activity_lines": [ 19.279067, 19.311345, 19.46659, 19.399751 ] }, { "date": "2024-04-12", "close": 16.04, "volume": 1099597, "typical_volume": 4314839.9, "trend": 18.766867, "fair_value": 111.059654, "relative_strength": -32.820068, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.904812, "energy": 20.504708, "activity_lines": [ 17.9768, 18.833745, 19.026952, 19.214017 ] }, { "date": "2024-04-19", "close": 15.078, "volume": 1087712, "typical_volume": 3462231.95, "trend": 18.609467, "fair_value": 109.861436, "relative_strength": -32.48171, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.44633, "energy": 47.516286, "activity_lines": [ 16.644533, 18.140618, 18.511686, 18.976026 ] }, { "date": "2024-04-26", "close": 16.62, "volume": 924841, "typical_volume": 2463968.75, "trend": 18.5998, "fair_value": 108.559, "relative_strength": -27.605831, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.503126, "energy": 49.871844, "activity_lines": [ 16.2744, 17.756655, 18.242905, 18.847673 ] }, { "date": "2024-05-03", "close": 17.476, "volume": 1865215, "typical_volume": 2183071.75, "trend": 18.671467, "fair_value": 107.294103, "relative_strength": -23.878234, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.272381, "energy": 48.09347, "activity_lines": [ 16.548267, 17.577527, 18.084124, 18.77517 ] }, { "date": "2024-05-10", "close": 16.598, "volume": 1732307, "typical_volume": 2064680.3, "trend": 18.772333, "fair_value": 106.491526, "relative_strength": -28.024386, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.914338, "energy": 48.516104, "activity_lines": [ 16.596667, 17.221745, 17.869457, 18.641398 ] }, { "date": "2024-05-17", "close": 20.6, "volume": 9673906, "typical_volume": 2332597.25, "trend": 19.052867, "fair_value": 104.887679, "relative_strength": -11.951481, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -17.990865, "energy": 9.963227, "activity_lines": [ 18.0092, 17.666364, 18.068324, 18.759312 ] }, { "date": "2024-05-24", "close": 20.4, "volume": 3775533, "typical_volume": 2393439.5, "trend": 19.365067, "fair_value": 103.729987, "relative_strength": -13.466571, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.251563, "energy": 14.247466, "activity_lines": [ 19.051067, 18.070982, 18.270048, 18.846224 ] }, { "date": "2024-05-31", "close": 17.622, "volume": 1885074, "typical_volume": 2360297.1, "trend": 19.4886, "fair_value": 102.505769, "relative_strength": -23.381369, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.829633, "energy": 18.019513, "activity_lines": [ 18.812133, 17.995964, 18.220533, 18.733768 ] }, { "date": "2024-06-07", "close": 18.19, "volume": 3006772, "typical_volume": 2377840.3, "trend": 19.7248, "fair_value": 101.294167, "relative_strength": -22.191466, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.21283, "energy": 17.124926, "activity_lines": [ 18.695733, 18.103818, 18.23739, 18.649987 ] }, { "date": "2024-06-14", "close": 17.05, "volume": 1810152, "typical_volume": 2389419.4, "trend": 19.6266, "fair_value": 100.088077, "relative_strength": -28.721424, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.235395, "energy": 14.305812, "activity_lines": [ 18.151733, 18.009745, 18.14, 18.477419 ] }, { "date": "2024-06-21", "close": 16.656, "volume": 851744, "typical_volume": 2280792.1, "trend": 19.5352, "fair_value": 98.864077, "relative_strength": -29.78526, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.719233, "energy": 26.420195, "activity_lines": [ 17.446267, 17.844036, 18.000848, 18.285768 ] }, { "date": "2024-06-28", "close": 18.156, "volume": 1519551, "typical_volume": 2253615.0, "trend": 18.9404, "fair_value": 96.518923, "relative_strength": -22.635718, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.837693, "energy": 23.298005, "activity_lines": [ 17.503733, 17.939855, 17.990981, 18.196787 ] }, { "date": "2024-07-05", "close": 21.2, "volume": 19709246, "typical_volume": 3089804.95, "trend": 18.893733, "fair_value": 90.668923, "relative_strength": -11.984668, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.446833, "energy": 2.499104, "activity_lines": [ 18.725467, 18.533164, 18.263905, 18.342568 ] }, { "date": "2024-07-12", "close": 21.1, "volume": 11732791, "typical_volume": 3606332.1, "trend": 18.8204, "fair_value": 86.887513, "relative_strength": -10.920997, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.454009, "energy": 25.515313, "activity_lines": [ 19.675333, 19.025018, 18.518381, 18.484908 ] }, { "date": "2024-07-19", "close": 19.16, "volume": 3828339, "typical_volume": 3704918.35, "trend": 18.679067, "fair_value": 83.884692, "relative_strength": -14.586541, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.373837, "energy": 20.418043, "activity_lines": [ 19.784533, 19.098255, 18.566381, 18.506817 ] }, { "date": "2024-07-26", "close": 17.85, "volume": 2107890, "typical_volume": 3694388.4, "trend": 18.434067, "fair_value": 81.793987, "relative_strength": -17.208973, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.411579, "energy": 22.346055, "activity_lines": [ 19.3164, 18.886727, 18.496476, 18.453329 ] }, { "date": "2024-08-02", "close": 16.652, "volume": 1779360, "typical_volume": 3674326.05, "trend": 18.2158, "fair_value": 79.334064, "relative_strength": -19.263336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 7.897708, "energy": 3.843469, "activity_lines": [ 18.369333, 18.507382, 18.324619, 18.338357 ] }, { "date": "2024-08-09", "close": 16.326, "volume": 2301674, "typical_volume": 3688588.95, "trend": 18.086667, "fair_value": 77.084872, "relative_strength": -20.104856, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.345432, "energy": 16.832003, "activity_lines": [ 17.413867, 18.136909, 18.146229, 18.216434 ] }, { "date": "2024-08-16", "close": 16.868, "volume": 1606425, "typical_volume": 3683815.8, "trend": 18.082333, "fair_value": 75.021205, "relative_strength": -20.789562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.966835, "energy": 20.842128, "activity_lines": [ 16.964, 17.888545, 18.046476, 18.137811 ] }, { "date": "2024-08-23", "close": 17.28, "volume": 1678446, "typical_volume": 3698828.75, "trend": 18.119667, "fair_value": 72.689667, "relative_strength": -18.90745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.764706, "energy": 35.384884, "activity_lines": [ 16.9336, 17.739127, 17.993657, 18.086047 ] }, { "date": "2024-08-30", "close": 16.338, "volume": 1777052, "typical_volume": 3732701.5, "trend": 18.204067, "fair_value": 70.457218, "relative_strength": -21.86698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.006578, "energy": 43.073211, "activity_lines": [ 16.714533, 17.414255, 17.850029, 17.971101 ] }, { "date": "2024-09-06", "close": 15.0, "volume": 1272750, "typical_volume": 3741953.4, "trend": 18.148667, "fair_value": 68.326449, "relative_strength": -23.070471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.065433, "energy": 46.950721, "activity_lines": [ 16.150267, 16.851891, 17.577552, 17.764387 ] }, { "date": "2024-09-13", "close": 15.506, "volume": 1435298, "typical_volume": 3767476.25, "trend": 18.021333, "fair_value": 66.250205, "relative_strength": -24.15131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.099621, "energy": 43.466021, "activity_lines": [ 15.8648, 16.438909, 17.353638, 17.593892 ] }, { "date": "2024-09-20", "close": 15.36, "volume": 6522341, "typical_volume": 4000332.55, "trend": 17.982, "fair_value": 64.455077, "relative_strength": -25.175476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.55827, "energy": 44.00307, "activity_lines": [ 15.585333, 16.102909, 17.121124, 17.422194 ] }, { "date": "2024-09-27", "close": 15.136, "volume": 1721349, "typical_volume": 3999784.65, "trend": 17.799867, "fair_value": 62.807231, "relative_strength": -26.476749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.027253, "energy": 45.111965, "activity_lines": [ 15.331733, 15.830545, 16.877352, 17.238581 ] }, { "date": "2024-10-04", "close": 14.062, "volume": 2098691, "typical_volume": 3621023.9, "trend": 17.5886, "fair_value": 61.149936, "relative_strength": -31.353623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.982406, "energy": 55.099869, "activity_lines": [ 14.863067, 15.436073, 16.538257, 16.997428 ] }, { "date": "2024-10-11", "close": 14.14, "volume": 1353659, "typical_volume": 3499930.2, "trend": 17.333267, "fair_value": 59.444423, "relative_strength": -31.543925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.022445, "energy": 60.661831, "activity_lines": [ 14.572133, 15.124655, 16.237724, 16.774938 ] }, { "date": "2024-10-18", "close": 12.712, "volume": 1787252, "typical_volume": 3495039.1, "trend": 17.023667, "fair_value": 57.811808, "relative_strength": -38.343787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.718601, "energy": 73.263065, "activity_lines": [ 13.862533, 14.599273, 15.831, 16.476791 ] }, { "date": "2024-10-25", "close": 12.69, "volume": 2245652, "typical_volume": 3456983.1, "trend": 16.830533, "fair_value": 56.380333, "relative_strength": -38.369852, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.457253, "energy": 76.949691, "activity_lines": [ 13.331867, 14.1356, 15.445562, 16.1972 ] }, { "date": "2024-11-01", "close": 12.382, "volume": 1942022, "typical_volume": 3463576.6, "trend": 16.674933, "fair_value": 54.941756, "relative_strength": -38.53111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.481753, "energy": 78.019816, "activity_lines": [ 12.876533, 13.691891, 15.056981, 15.910198 ] }, { "date": "2024-11-08", "close": 12.912, "volume": 2957924, "typical_volume": 3568885.6, "trend": 16.570667, "fair_value": 52.993756, "relative_strength": -39.104434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.968726, "energy": 75.002957, "activity_lines": [ 12.781467, 13.4336, 14.741105, 15.667428 ] }, { "date": "2024-11-15", "close": 12.552, "volume": 4026149, "typical_volume": 3694215.5, "trend": 16.486467, "fair_value": 50.846013, "relative_strength": -37.929829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.815831, "energy": 63.685958, "activity_lines": [ 12.643067, 13.172145, 14.408771, 15.408159 ] }, { "date": "2024-11-22", "close": 11.7, "volume": 3099819, "typical_volume": 2863744.15, "trend": 16.322467, "fair_value": 48.377423, "relative_strength": -42.463819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.740995, "energy": 58.514302, "activity_lines": [ 12.326533, 12.800291, 14.021981, 15.099355 ] }, { "date": "2024-11-29", "close": 11.8, "volume": 2062035, "typical_volume": 2380206.35, "trend": 16.133267, "fair_value": 46.663321, "relative_strength": -40.432806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.567562, "energy": 54.088142, "activity_lines": [ 12.1108, 12.515818, 13.689952, 14.807583 ] }, { "date": "2024-12-06", "close": 12.38, "volume": 3909167, "typical_volume": 2384247.75, "trend": 15.992667, "fair_value": 45.097808, "relative_strength": -38.440832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.911721, "energy": 49.36296, "activity_lines": [ 12.147733, 12.401527, 13.457448, 14.565437 ] }, { "date": "2024-12-13", "close": 10.37, "volume": 4453240, "typical_volume": 2501515.25, "trend": 15.651667, "fair_value": 43.692487, "relative_strength": -47.822267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.940243, "energy": 56.684455, "activity_lines": [ 11.5148, 11.971891, 13.0658, 14.202684 ] }, { "date": "2024-12-20", "close": 9.23, "volume": 4968082, "typical_volume": 2660951.35, "trend": 15.279333, "fair_value": 42.343962, "relative_strength": -51.505076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.137627, "energy": 76.414072, "activity_lines": [ 10.671333, 11.402109, 12.6012, 13.788383 ] }, { "date": "2024-12-27", "close": 8.888, "volume": 2500602, "typical_volume": 2670897.75, "trend": 14.9882, "fair_value": 41.071449, "relative_strength": -52.611284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.35423, "energy": 83.545932, "activity_lines": [ 9.935333, 10.859418, 12.139371, 13.376039 ] }, { "date": "2025-01-03", "close": 9.55, "volume": 4091585, "typical_volume": 2795155.75, "trend": 14.7002, "fair_value": 39.987795, "relative_strength": -47.555463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.490271, "energy": 81.937324, "activity_lines": [ 9.607467, 10.506618, 11.77601, 13.025187 ] }, { "date": "2025-01-10", "close": 9.046, "volume": 5928026, "typical_volume": 3007634.75, "trend": 14.4334, "fair_value": 38.958603, "relative_strength": -48.307999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.03738, "energy": 77.5932, "activity_lines": [ 9.2616, 10.119273, 11.399495, 12.6604 ] }, { "date": "2025-01-17", "close": 8.616, "volume": 3449991, "typical_volume": 3091281.7, "trend": 14.1654, "fair_value": 38.158705, "relative_strength": -51.487012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.232836, "energy": 65.040603, "activity_lines": [ 8.994667, 9.7144, 11.021238, 12.285084 ] }, { "date": "2025-01-24", "close": 9.25, "volume": 6062239, "typical_volume": 3330756.15, "trend": 13.868533, "fair_value": 37.432103, "relative_strength": -48.080343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.774686, "energy": 54.334784, "activity_lines": [ 9.056, 9.502909, 10.740133, 11.967961 ] }, { "date": "2025-01-31", "close": 9.08, "volume": 4686634, "typical_volume": 3493322.95, "trend": 13.464533, "fair_value": 36.65441, "relative_strength": -47.871674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.345986, "energy": 50.511458, "activity_lines": [ 9.059333, 9.320545, 10.470219, 11.659024 ] }, { "date": "2025-02-07", "close": 8.858, "volume": 2706777, "typical_volume": 3302544.75, "trend": 13.056467, "fair_value": 35.900936, "relative_strength": -48.572531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.94674, "energy": 48.291491, "activity_lines": [ 8.975867, 9.145455, 10.209762, 11.361828 ] }, { "date": "2025-02-14", "close": 9.4, "volume": 1989421, "typical_volume": 3315948.35, "trend": 12.731133, "fair_value": 35.211192, "relative_strength": -46.099111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.94983, "energy": 42.182222, "activity_lines": [ 9.1192, 9.1224, 10.031886, 11.125927 ] }, { "date": "2025-02-21", "close": 9.046, "volume": 7701239, "typical_volume": 3596075.75, "trend": 12.437667, "fair_value": 34.53841, "relative_strength": -46.272625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.977309, "energy": 35.965991, "activity_lines": [ 9.120933, 9.089164, 9.84761, 10.888176 ] }, { "date": "2025-02-28", "close": 8.092, "volume": 2923595, "typical_volume": 3674572.55, "trend": 12.152333, "fair_value": 33.986436, "relative_strength": -49.313563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.750723, "energy": 44.087004, "activity_lines": [ 8.776, 8.906545, 9.596362, 10.607811 ] }, { "date": "2025-03-07", "close": 7.944, "volume": 3132946, "typical_volume": 3741857.25, "trend": 11.872933, "fair_value": 33.457872, "relative_strength": -47.602142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.148711, "energy": 44.855368, "activity_lines": [ 8.458933, 8.717709, 9.359819, 10.336305 ] }, { "date": "2025-03-14", "close": 5.602, "volume": 5914110, "typical_volume": 3925280.15, "trend": 11.4974, "fair_value": 32.787372, "relative_strength": -61.174179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.834065, "energy": 71.649294, "activity_lines": [ 7.436933, 8.120218, 8.922933, 9.931729 ] }, { "date": "2025-03-21", "close": 6.078, "volume": 3114653, "typical_volume": 3983911.7, "trend": 11.124, "fair_value": 32.164795, "relative_strength": -56.96407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.937754, "energy": 81.244383, "activity_lines": [ 6.790667, 7.681055, 8.565133, 9.58209 ] }, { "date": "2025-03-28", "close": 5.564, "volume": 3002361, "typical_volume": 3986133.55, "trend": 10.764867, "fair_value": 31.367128, "relative_strength": -58.85513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.702535, "energy": 84.081096, "activity_lines": [ 6.194533, 7.2024, 8.1884, 9.223381 ] }, { "date": "2025-04-04", "close": 4.854, "volume": 3271730, "typical_volume": 3948412.6, "trend": 10.426667, "fair_value": 30.394397, "relative_strength": -59.433198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.144171, "energy": 88.086548, "activity_lines": [ 5.593867, 6.650145, 7.779038, 8.842034 ] }, { "date": "2025-04-11", "close": 3.9, "volume": 455502, "typical_volume": 3816196.75, "trend": 10.0398, "fair_value": 29.623244, "relative_strength": -69.089182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.94004, "energy": 90.631714, "activity_lines": [ 4.891067, 6.004364, 7.315476, 8.420959 ] }, { "date": "2025-04-18", "close": 3.98, "volume": 81532, "typical_volume": 3717171.6, "trend": 9.660467, "fair_value": 28.850038, "relative_strength": -67.093967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.935093, "energy": 87.834008, "activity_lines": [ 4.484533, 5.467309, 6.896676, 8.030004 ] }, { "date": "2025-04-25", "close": 3.76, "volume": 104932, "typical_volume": 3526959.85, "trend": 9.281267, "fair_value": 28.051064, "relative_strength": -70.134783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.268975, "energy": 88.067656, "activity_lines": [ 4.1128, 4.978945, 6.494162, 7.649329 ] }, { "date": "2025-05-02", "close": 3.57, "volume": 132447, "typical_volume": 3310920.2, "trend": 8.931533, "fair_value": 27.391897, "relative_strength": -71.917344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.926638, "energy": 86.590879, "activity_lines": [ 3.832267, 4.558582, 6.1146, 7.28086 ] }, { "date": "2025-05-09", "close": 4.005, "volume": 274535, "typical_volume": 3076242.85, "trend": 8.5937, "fair_value": 26.79834, "relative_strength": -67.734513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.003283, "energy": 73.064174, "activity_lines": [ 3.829667, 4.316873, 5.808848, 6.963019 ] }, { "date": "2025-05-16", "close": 6.2, "volume": 3607507, "typical_volume": 3131588.1, "trend": 8.376633, "fair_value": 26.256032, "relative_strength": -52.030742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.509702, "energy": 45.00987, "activity_lines": [ 4.615333, 4.548564, 5.737024, 6.808587 ] }, { "date": "2025-05-23", "close": 5.555, "volume": 1075372, "typical_volume": 2980777.45, "trend": 8.1388, "fair_value": 25.70959, "relative_strength": -54.796159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.988889, "energy": 33.069903, "activity_lines": [ 5.032667, 4.694691, 5.616571, 6.626546 ] }, { "date": "2025-05-30", "close": 4.84, "volume": 1050372, "typical_volume": 2736894.75, "trend": 7.8874, "fair_value": 25.203436, "relative_strength": -60.416603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.624703, "energy": 24.101367, "activity_lines": [ 5.106667, 4.711673, 5.447048, 6.41372 ] }, { "date": "2025-06-06", "close": 10.4, "volume": 12815087, "typical_volume": 3205149.55, "trend": 7.803667, "fair_value": 24.648308, "relative_strength": -15.303497, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 7.188687, "energy": 21.37837, "activity_lines": [ 6.962, 5.762073, 5.827076, 6.575824 ] }, { "date": "2025-06-13", "close": 9.36, "volume": 6755080, "typical_volume": 3239791.6, "trend": 7.697267, "fair_value": 24.242923, "relative_strength": -22.180198, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.65582, "energy": 32.084934, "activity_lines": [ 8.015333, 6.535455, 6.099562, 6.676232 ] }, { "date": "2025-06-20", "close": 11.38, "volume": 1610995, "typical_volume": 3086009.65, "trend": 7.6866, "fair_value": 23.787667, "relative_strength": -4.29016, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.011819, "energy": 41.786585, "activity_lines": [ 9.385, 7.594182, 6.563905, 6.913828 ] }, { "date": "2025-06-27", "close": 12.08, "volume": 3056832, "typical_volume": 3103512.4, "trend": 7.695933, "fair_value": 23.393308, "relative_strength": -1.099804, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.339068, "energy": 51.222122, "activity_lines": [ 10.642667, 8.644182, 7.083962, 7.197273 ] }, { "date": "2025-07-04", "close": 16.59, "volume": 2213292, "typical_volume": 3114705.95, "trend": 7.836267, "fair_value": 23.011192, "relative_strength": 35.373782, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.459362, "energy": 76.672302, "activity_lines": [ 12.968667, 10.366909, 8.0182, 7.771084 ] }, { "date": "2025-07-11", "close": 49.24, "volume": 5309491, "typical_volume": 2995118.55, "trend": 9.131933, "fair_value": 22.883244, "relative_strength": 287.705038, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 99.026055, "energy": 98.540552, "activity_lines": [ 25.394667, 17.792727, 12.027724, 10.442292 ] }, { "date": "2025-07-18", "close": 29.55, "volume": 8259907, "typical_volume": 3261934.15, "trend": 9.809267, "fair_value": 22.61241, "relative_strength": 127.432698, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.460816, "energy": 87.213128, "activity_lines": [ 28.668, 20.808182, 13.97061, 11.759587 ] }, { "date": "2025-07-25", "close": 34.31, "volume": 3004588, "typical_volume": 3255516.25, "trend": 10.656667, "fair_value": 22.393885, "relative_strength": 157.029202, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.728475, "energy": 88.245771, "activity_lines": [ 32.182, 24.224636, 16.264648, 13.34028 ] }, { "date": "2025-08-01", "close": 53.53, "volume": 9575368, "typical_volume": 3438579.15, "trend": 12.122667, "fair_value": 22.258821, "relative_strength": 291.121945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.704552, "energy": 90.934133, "activity_lines": [ 40.574, 30.624545, 20.26361, 16.106301 ] }, { "date": "2025-08-08", "close": 79.79, "volume": 5572491, "typical_volume": 3561471.05, "trend": 14.4808, "fair_value": 22.271577, "relative_strength": 420.526359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.817699, "energy": 78.906493, "activity_lines": [ 54.956, 40.926727, 26.535295, 20.471935 ] }, { "date": "2025-08-15", "close": 101.02, "volume": 8454401, "typical_volume": 3834073.05, "trend": 17.560933, "fair_value": 22.394782, "relative_strength": 496.009518, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.730301, "energy": 89.698437, "activity_lines": [ 72.201333, 53.726182, 34.477876, 26.05511 ] }, { "date": "2025-08-22", "close": 100.75, "volume": 7225665, "typical_volume": 4031769.8, "trend": 20.610933, "fair_value": 22.54959, "relative_strength": 449.613784, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.049537, "energy": 84.860854, "activity_lines": [ 85.904667, 64.828909, 41.94019, 31.422146 ] }, { "date": "2025-08-29", "close": 41.93, "volume": 6765785, "typical_volume": 4347283.95, "trend": 21.705933, "fair_value": 22.32991, "relative_strength": 124.120395, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.517094, "energy": 58.110595, "activity_lines": [ 75.254667, 63.575455, 43.343952, 32.79757 ] }, { "date": "2025-09-05", "close": 44.12, "volume": 13444007, "typical_volume": 5015407.7, "trend": 22.881333, "fair_value": 22.211449, "relative_strength": 127.77037, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.979855, "energy": 46.000361, "activity_lines": [ 64.826667, 62.164727, 44.77519, 34.243639 ] }, { "date": "2025-09-12", "close": 43.98, "volume": 11478076, "typical_volume": 5584064.9, "trend": 24.034, "fair_value": 22.1485, "relative_strength": 117.695748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.480764, "energy": 25.100774, "activity_lines": [ 54.979333, 60.146, 46.001952, 35.604843 ] }, { "date": "2025-09-19", "close": 55.0, "volume": 12845382, "typical_volume": 6219711.65, "trend": 25.5658, "fair_value": 22.220295, "relative_strength": 157.874721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.432806, "energy": 25.495339, "activity_lines": [ 51.192667, 59.632909, 48.086714, 37.602649 ] }, { "date": "2025-09-26", "close": 43.18, "volume": 9352620, "typical_volume": 6673615.9, "trend": 26.7354, "fair_value": 22.19709, "relative_strength": 98.945464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.089339, "energy": 21.855858, "activity_lines": [ 46.534, 56.866, 48.800857, 38.739049 ] }, { "date": "2025-10-03", "close": 46.7, "volume": 6478748, "typical_volume": 6817177.95, "trend": 28.027267, "fair_value": 22.210551, "relative_strength": 107.292099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.65451, "energy": 18.018135, "activity_lines": [ 46.886667, 54.491273, 49.66369, 40.027088 ] }, { "date": "2025-10-10", "close": 46.19, "volume": 2818192, "typical_volume": 6904318.95, "trend": 29.3802, "fair_value": 22.242538, "relative_strength": 104.568103, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.408398, "energy": 15.13806, "activity_lines": [ 46.751333, 51.798545, 50.285095, 41.198877 ] }, { "date": "2025-10-17", "close": 47.22, "volume": 4739981, "typical_volume": 7088799.4, "trend": 30.7516, "fair_value": 22.270872, "relative_strength": 98.905727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.079092, "energy": 11.155474, "activity_lines": [ 46.821333, 49.426545, 50.811095, 42.349832 ] }, { "date": "2025-10-24", "close": 66.72, "volume": 8722125, "typical_volume": 6884151.3, "trend": 32.790133, "fair_value": 22.421641, "relative_strength": 164.39461, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.234726, "energy": 20.859803, "activity_lines": [ 53.175333, 51.192182, 52.992429, 44.670374 ] }, { "date": "2025-10-31", "close": 84.79, "volume": 6474794, "typical_volume": 6870137.0, "trend": 35.454667, "fair_value": 22.701064, "relative_strength": 213.501454, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.343673, "energy": 42.603607, "activity_lines": [ 64.771333, 56.866909, 56.626524, 48.025204 ] }, { "date": "2025-11-07", "close": 90.9, "volume": 4274625, "typical_volume": 7003318.5, "trend": 38.354667, "fair_value": 23.026064, "relative_strength": 228.549251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.35666, "energy": 63.086808, "activity_lines": [ 75.63, 63.942727, 60.483333, 51.602323 ] }, { "date": "2025-11-14", "close": 72.09, "volume": 1773913, "typical_volume": 6939172.55, "trend": 40.625, "fair_value": 23.259974, "relative_strength": 151.045114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.625455, "energy": 64.766562, "activity_lines": [ 77.272, 66.708182, 62.170048, 53.778796 ] }, { "date": "2025-11-21", "close": 70.73, "volume": 1073706, "typical_volume": 6882193.25, "trend": 42.857333, "fair_value": 23.495423, "relative_strength": 144.520045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.913372, "energy": 64.951776, "activity_lines": [ 76.734, 68.717818, 63.441476, 55.721054 ] }, { "date": "2025-11-28", "close": 75.88, "volume": 645983, "typical_volume": 6649017.85, "trend": 45.267667, "fair_value": 23.744654, "relative_strength": 140.594175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.781996, "energy": 60.328715, "activity_lines": [ 76.345333, 71.177455, 64.945571, 57.851548 ] }, { "date": "2025-12-05", "close": 74.06, "volume": 814751, "typical_volume": 6276760.05, "trend": 47.602833, "fair_value": 24.006577, "relative_strength": 124.453085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.497985, "energy": 35.22161, "activity_lines": [ 74.739333, 72.926545, 66.149476, 59.709118 ] }, { "date": "2025-12-12", "close": 62.0, "volume": 701132, "typical_volume": 6161587.25, "trend": 49.462833, "fair_value": 24.214269, "relative_strength": 86.015618, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.334126, "energy": 22.582467, "activity_lines": [ 69.828667, 71.921455, 65.992857, 60.637968 ] }, { "date": "2025-12-19", "close": 54.35, "volume": 643486, "typical_volume": 5714993.15, "trend": 51.089333, "fair_value": 24.393436, "relative_strength": 58.225361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.269604, "energy": 13.469667, "activity_lines": [ 64.294667, 69.247273, 64.97581, 60.953269 ] }, { "date": "2025-12-26", "close": 52.98, "volume": 354030, "typical_volume": 5454070.1, "trend": 52.694, "fair_value": 24.565103, "relative_strength": 48.867053, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.810343, "energy": 16.548628, "activity_lines": [ 59.486667, 66.175636, 63.824381, 61.075247 ] }, { "date": "2026-01-02", "close": 52.29, "volume": 292260, "typical_volume": 5045963.05, "trend": 54.090333, "fair_value": 24.7285, "relative_strength": 46.217484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.250754, "energy": 20.628207, "activity_lines": [ 55.632, 62.873818, 62.734905, 61.049183 ] }, { "date": "2026-01-09", "close": 49.49, "volume": 500562, "typical_volume": 4709707.9, "trend": 55.428, "fair_value": 24.780359, "relative_strength": 32.728338, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.872006, "energy": 28.024356, "activity_lines": [ 52.416667, 59.325273, 61.61081, 60.752387 ] }, { "date": "2026-01-16", "close": 54.77, "volume": 395351, "typical_volume": 4391186.2, "trend": 56.874333, "fair_value": 24.904526, "relative_strength": 44.813898, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.748047, "energy": 26.139268, "activity_lines": [ 52.599333, 57.378545, 61.233667, 60.709935 ] }, { "date": "2026-01-23", "close": 48.96, "volume": 614092, "typical_volume": 3749690.45, "trend": 58.103667, "fair_value": 24.959397, "relative_strength": 26.704217, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.760038, "energy": 32.672748, "activity_lines": [ 51.327333, 55.032364, 60.242048, 60.199333 ] }, { "date": "2026-01-30", "close": 49.5, "volume": 361413, "typical_volume": 3193857.3, "trend": 59.200667, "fair_value": 25.025423, "relative_strength": 25.853628, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.709586, "energy": 36.951771, "activity_lines": [ 50.594667, 53.204909, 59.27881, 59.644258 ] }, { "date": "2026-02-06", "close": 52.4, "volume": 396377, "typical_volume": 2571407.05, "trend": 59.306, "fair_value": 25.157474, "relative_strength": 33.107681, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.301987, "energy": 36.544269, "activity_lines": [ 51.060667, 52.290727, 58.565476, 59.205505 ] }, { "date": "2026-02-13", "close": 46.63, "volume": 313386, "typical_volume": 2119445.35, "trend": 59.875333, "fair_value": 25.249974, "relative_strength": 17.868593, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.868851, "energy": 49.132269, "activity_lines": [ 49.596, 50.754364, 57.315, 58.387699 ] }, { "date": "2026-02-20", "close": 50.83, "volume": 157238, "typical_volume": 1803369.85, "trend": 60.426, "fair_value": 25.396321, "relative_strength": 24.616868, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.16615, "energy": 42.202158, "activity_lines": [ 49.722, 50.480364, 56.448095, 57.804129 ] }, { "date": "2026-02-27", "close": 44.46, "volume": 186631, "typical_volume": 1671791.8, "trend": 60.123667, "fair_value": 25.501833, "relative_strength": 7.507427, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.178925, "energy": 49.338253, "activity_lines": [ 47.987333, 49.251273, 54.954857, 56.774065 ] }, { "date": "2026-03-06", "close": 42.53, "volume": 252207, "typical_volume": 1447403.1, "trend": 58.881667, "fair_value": 25.603949, "relative_strength": 2.549963, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.771493, "energy": 60.558612, "activity_lines": [ 45.909333, 47.851091, 53.286048, 55.638989 ] }, { "date": "2026-03-13", "close": 40.01, "volume": 175766, "typical_volume": 1020085.15, "trend": 56.848, "fair_value": 25.687346, "relative_strength": -4.031818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.979972, "energy": 66.753168, "activity_lines": [ 43.456, 46.182727, 51.399571, 54.421462 ] }, { "date": "2026-03-20", "close": 34.88, "volume": 316569, "typical_volume": 712173.9, "trend": 54.652333, "fair_value": 25.745551, "relative_strength": -15.750234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.133209, "energy": 78.342697, "activity_lines": [ 40.118667, 43.804909, 49.151714, 53.004172 ] }, { "date": "2026-03-27", "close": 40.58, "volume": 405135, "typical_volume": 518699.4, "trend": 54.607333, "fair_value": 25.833885, "relative_strength": -0.335024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.993716, "energy": 68.313738, "activity_lines": [ 39.464667, 42.729091, 47.684381, 52.09628 ] }, { "date": "2026-04-03", "close": 38.03, "volume": 166089, "typical_volume": 438308.2, "trend": 54.404333, "fair_value": 25.926385, "relative_strength": -11.432767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.358389, "energy": 63.068207, "activity_lines": [ 38.644, 41.447636, 46.21381, 51.026774 ] }, { "date": "2026-04-10", "close": 36.46, "volume": 385456, "typical_volume": 403895.7, "trend": 54.153667, "fair_value": 26.010103, "relative_strength": -19.78707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.799515, "energy": 55.428006, "activity_lines": [ 37.728667, 40.079455, 44.755905, 49.869075 ] }, { "date": "2026-04-17", "close": 44.77, "volume": 379779, "typical_volume": 390585.5, "trend": 53.812667, "fair_value": 26.158628, "relative_strength": -8.656619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.168994, "energy": 38.256693, "activity_lines": [ 39.988, 40.459273, 44.252619, 49.263677 ] }, { "date": "2026-04-24", "close": 38.855, "volume": 409017, "typical_volume": 370298.8, "trend": 53.6685, "fair_value": 26.265391, "relative_strength": -23.420658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.771394, "energy": 35.289378, "activity_lines": [ 39.958333, 39.902364, 43.334143, 48.298667 ] }, { "date": "2026-05-01", "close": 34.11, "volume": 426408, "typical_volume": 356562.6, "trend": 53.248833, "fair_value": 26.343019, "relative_strength": -34.509714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.245836, "energy": 43.855521, "activity_lines": [ 38.082, 38.624091, 42.131405, 47.036828 ] }, { "date": "2026-05-08", "close": 25.51, "volume": 572511, "typical_volume": 353013.85, "trend": 52.5595, "fair_value": 26.369365, "relative_strength": -53.892082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.809474, "energy": 57.861257, "activity_lines": [ 33.770333, 36.086182, 40.242429, 45.247226 ] }, { "date": "2026-05-15", "close": 20.19, "volume": 507927, "typical_volume": 360708.7, "trend": 51.6585, "fair_value": 26.359045, "relative_strength": -63.538447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.080253, "energy": 87.72172, "activity_lines": [ 28.52, 32.925545, 37.984119, 43.158871 ] }, { "date": "2026-05-22", "close": 20.27, "volume": 509956, "typical_volume": 371593.5, "trend": 50.110167, "fair_value": 26.354365, "relative_strength": -63.986621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.08474, "energy": 91.119401, "activity_lines": [ 24.381, 30.185636, 35.889571, 41.133806 ] }, { "date": "2026-05-29", "close": 18.57, "volume": 405488, "typical_volume": 366839.8, "trend": 47.902833, "fair_value": 26.332378, "relative_strength": -68.058815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.990729, "energy": 90.991034, "activity_lines": [ 21.308667, 27.495545, 33.785595, 39.098957 ] }, { "date": "2026-06-05", "close": 17.34, "volume": 956814, "typical_volume": 394912.95, "trend": 45.450833, "fair_value": 26.29225, "relative_strength": -68.805217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.168913, "energy": 89.581397, "activity_lines": [ 19.178667, 24.878364, 31.711714, 37.127161 ] }, { "date": "2026-06-12", "close": 18.53, "volume": 279539, "typical_volume": 378185.3, "trend": 43.6655, "fair_value": 26.257186, "relative_strength": -67.479107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.820357, "energy": 83.308132, "activity_lines": [ 18.563333, 22.900091, 29.929405, 35.390333 ] }, { "date": "2026-06-19", "close": 17.61, "volume": 220840, "typical_volume": 371156.65, "trend": 41.894833, "fair_value": 26.227763, "relative_strength": -69.913661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.371044, "energy": 73.687648, "activity_lines": [ 18.106667, 21.109091, 28.204381, 33.709333 ] }, { "date": "2026-06-26", "close": 16.49, "volume": 307424, "typical_volume": 366709.0, "trend": 39.915167, "fair_value": 26.183468, "relative_strength": -70.508657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.71882, "energy": 75.102716, "activity_lines": [ 17.448667, 19.457182, 26.524548, 32.070312 ] }, { "date": "2026-07-03", "close": 14.91, "volume": 303293, "typical_volume": 366204.35, "trend": 37.9435, "fair_value": 26.126481, "relative_strength": -73.503876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.345125, "energy": 72.625979, "activity_lines": [ 16.516, 18.032182, 24.865238, 30.457075 ] }, { "date": "2026-07-10", "close": 14.15, "volume": 253189, "typical_volume": 371001.9, "trend": 36.3485, "fair_value": 26.029365, "relative_strength": -74.875608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.942242, "energy": 75.831055, "activity_lines": [ 15.574, 16.904364, 23.284595, 28.922011 ] }, { "date": "2026-07-17", "close": 12.99, "volume": 344788, "typical_volume": 378909.75, "trend": 34.969833, "fair_value": 25.933147, "relative_strength": -75.728774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.875874, "energy": 86.310602, "activity_lines": [ 14.458, 15.928545, 21.768143, 27.415011 ] }, { "date": "2026-07-24", "close": 14.12, "volume": 449984, "typical_volume": 388798.6, "trend": 33.6745, "fair_value": 25.849301, "relative_strength": -72.917649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.352518, "energy": 78.695652, "activity_lines": [ 14.088, 15.385818, 20.509167, 26.06986 ] }, { "date": "2026-07-31", "close": 13.28, "volume": 308532, "typical_volume": 395436.9, "trend": 32.374167, "fair_value": 25.771609, "relative_strength": -74.161302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.642063, "energy": 78.512111, "activity_lines": [ 13.670667, 14.800727, 19.305476, 24.754086 ] }, { "date": "2026-08-07", "close": 17.12, "volume": 640603, "typical_volume": 411638.6, "trend": 31.295167, "fair_value": 25.724942, "relative_strength": -67.331092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.550143, "energy": 62.373674, "activity_lines": [ 14.747333, 15.040909, 18.594786, 23.769946 ] } ], "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." } } }