{ "ticker": { "uuid": "825804d9-a2d9-41ab-b69b-c646c8cf87d6", "symbol": "FSMART", "name": "Forth Smart Service Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 61.413, "architecture_energy": 66.797, "architecture_maturity": 17.407, "architecture_confidence": 82.045, "architecture_tenure": "New", "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": 17.57, "rotation_up": 66.74, "upward_expansion": 88.11, "deceleration": 46.0, "rotation_down": 13.06, "downward_expansion": 14.78 }, "activity_lines": [ 7.9, 7.682727, 7.395952, 7.159897 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 7.85, "trend_reference": 6.870385, "distance_from_trend": 0.142585, "trend_direction": "Improving", "fair_value": 6.458949, "distance_from_fair_value": 0.215368, "fair_value_direction": "Improving", "relative_strength": -1.114972, "relative_strength_direction": "Improving", "price_momentum": 0.316944, "excess_performance": 0.124619, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.142585, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.064313, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.215368, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.105893, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01115, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.040414, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.316944, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.242195, "read": "Demand-led" } ], "volume": { "latest": 10161100, "relative_activity": 0.765507, "balance": 4.242195, "dry_up": 1.445306, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.075943, "annualized_volatility": 0.428559, "from_high_reference": -0.177746, "from_low_reference": 0.489175 }, "levels": { "trend_reference": 6.870385, "fair_value_reference": 6.458949, "structural_low": 5.863846, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": -0.047619, "positive_rate": 0.315789, "directional_follow_through": 0.315789, "median_excess_return": -0.031022, "regime_survival": 0.736842, "best_return": 0.44375, "worst_return": -0.167421, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.039588, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.032937, "regime_survival": 0.166667, "best_return": 0.2, "worst_return": -0.269663, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.170588, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": 0.016054, "regime_survival": 0.2, "best_return": 0.369678, "worst_return": -0.51834, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.224731, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.092048, "regime_survival": 0.0, "best_return": 0.808967, "worst_return": -0.542855, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.122951, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": -0.047297, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": -0.028986, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": -0.08871, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.067797, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-09-12", "tenure": "Developing", "return": 0.157363, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-31", "tenure": "Developing", "return": -0.168539, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.06383, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": -0.023077, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-03-06", "tenure": "Developing", "return": 0.056452, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-05-22", "tenure": "Developing", "return": 0.099237, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-07-03", "tenure": "Developing", "return": -0.027211, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": 0.032895, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.024845, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7.698731, "volume": 6470000, "typical_volume": 9267455.0, "trend": 8.854732, "fair_value": 10.044058, "relative_strength": -28.59618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.578426, "energy": 21.717768, "activity_lines": [ 7.724683, 7.583133, 7.762785, 8.071233 ] }, { "date": "2023-08-25", "close": 8.688675, "volume": 21379200, "typical_volume": 9755170.0, "trend": 8.666986, "fair_value": 10.06882, "relative_strength": -20.321969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.514347, "energy": 13.901397, "activity_lines": [ 8.071964, 7.790646, 7.833586, 8.06052 ] }, { "date": "2023-09-01", "close": 9.173828, "volume": 65352400, "typical_volume": 12731870.0, "trend": 8.506777, "fair_value": 10.093199, "relative_strength": -14.607572, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 19.003584, "energy": 28.776252, "activity_lines": [ 8.489016, 8.073088, 7.950821, 8.093219 ] }, { "date": "2023-09-08", "close": 9.350248, "volume": 24570500, "typical_volume": 13256010.0, "trend": 8.403596, "fair_value": 10.120206, "relative_strength": -10.81411, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.201875, "energy": 49.204812, "activity_lines": [ 8.852118, 8.356855, 8.082365, 8.147637 ] }, { "date": "2023-09-15", "close": 9.085619, "volume": 25881200, "typical_volume": 14038615.0, "trend": 8.35979, "fair_value": 10.141525, "relative_strength": -11.522413, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.478656, "energy": 57.241152, "activity_lines": [ 9.028443, 8.556189, 8.183519, 8.191638 ] }, { "date": "2023-09-22", "close": 8.997409, "volume": 8405800, "typical_volume": 14160525.0, "trend": 8.318726, "fair_value": 10.15704, "relative_strength": -9.849799, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.443221, "energy": 64.481727, "activity_lines": [ 9.09444, 8.704831, 8.270904, 8.232775 ] }, { "date": "2023-09-29", "close": 8.159415, "volume": 9198400, "typical_volume": 14179265.0, "trend": 8.275302, "fair_value": 10.169179, "relative_strength": -14.070582, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.553351, "energy": 32.484729, "activity_lines": [ 8.794526, 8.669635, 8.273943, 8.222497 ] }, { "date": "2023-10-06", "close": 7.894785, "volume": 6491700, "typical_volume": 13924140.0, "trend": 8.232819, "fair_value": 10.181368, "relative_strength": -13.514612, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.117363, "energy": 5.919237, "activity_lines": [ 8.441687, 8.570871, 8.251645, 8.197947 ] }, { "date": "2023-10-13", "close": 7.806576, "volume": 3481500, "typical_volume": 13298540.0, "trend": 8.196046, "fair_value": 10.195486, "relative_strength": -13.743025, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.232964, "energy": 19.692779, "activity_lines": [ 8.144713, 8.448573, 8.222073, 8.170448 ] }, { "date": "2023-10-20", "close": 7.233211, "volume": 4457200, "typical_volume": 12701800.0, "trend": 8.140161, "fair_value": 10.207674, "relative_strength": -15.645121, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.237582, "energy": 34.999935, "activity_lines": [ 7.75953, 8.223211, 8.140676, 8.108329 ] }, { "date": "2023-10-27", "close": 7.100896, "volume": 5359500, "typical_volume": 12284615.0, "trend": 8.079865, "fair_value": 10.219265, "relative_strength": -15.101808, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.613205, "energy": 48.168089, "activity_lines": [ 7.453736, 7.985401, 8.053219, 8.04128 ] }, { "date": "2023-11-03", "close": 7.100896, "volume": 8426700, "typical_volume": 12218650.0, "trend": 8.025336, "fair_value": 10.230855, "relative_strength": -15.724183, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.661187, "energy": 66.640061, "activity_lines": [ 7.274376, 7.758461, 7.972522, 7.978121 ] }, { "date": "2023-11-10", "close": 6.703951, "volume": 4546000, "typical_volume": 11959130.0, "trend": 7.960459, "fair_value": 10.239152, "relative_strength": -17.688213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.404339, "energy": 75.408955, "activity_lines": [ 7.033268, 7.488218, 7.858104, 7.89287 ] }, { "date": "2023-11-17", "close": 6.262902, "volume": 9371300, "typical_volume": 11957200.0, "trend": 7.893856, "fair_value": 10.244872, "relative_strength": -23.748156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.929178, "energy": 79.380284, "activity_lines": [ 6.724534, 7.182691, 7.705389, 7.78335 ] }, { "date": "2023-11-24", "close": 6.395217, "volume": 14793600, "typical_volume": 12486160.0, "trend": 7.841755, "fair_value": 10.248945, "relative_strength": -20.40731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.48441, "energy": 78.588825, "activity_lines": [ 6.562816, 6.957354, 7.570464, 7.686664 ] }, { "date": "2023-12-01", "close": 6.218797, "volume": 4826000, "typical_volume": 12559600.0, "trend": 7.78089, "fair_value": 10.253134, "relative_strength": -20.856295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.333081, "energy": 85.564745, "activity_lines": [ 6.398157, 6.748858, 7.422473, 7.581957 ] }, { "date": "2023-12-08", "close": 6.218797, "volume": 4670800, "typical_volume": 12526385.0, "trend": 7.717142, "fair_value": 10.257324, "relative_strength": -20.126402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.40311, "energy": 84.942282, "activity_lines": [ 6.292305, 6.590882, 7.27947, 7.481177 ] }, { "date": "2023-12-15", "close": 6.218797, "volume": 4338900, "typical_volume": 12606330.0, "trend": 7.653394, "fair_value": 10.261513, "relative_strength": -20.142253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.8304, "energy": 81.463794, "activity_lines": [ 6.24526, 6.46819, 7.141661, 7.384509 ] }, { "date": "2023-12-22", "close": 6.615741, "volume": 10197900, "typical_volume": 12427985.0, "trend": 7.594227, "fair_value": 10.269744, "relative_strength": -15.302348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.551366, "energy": 62.938283, "activity_lines": [ 6.362873, 6.448143, 7.047673, 7.317564 ] }, { "date": "2023-12-29", "close": 6.483427, "volume": 5452600, "typical_volume": 12383560.0, "trend": 7.523441, "fair_value": 10.277126, "relative_strength": -17.050073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.6019, "energy": 51.012317, "activity_lines": [ 6.412859, 6.425689, 6.947065, 7.245899 ] }, { "date": "2024-01-05", "close": 6.571636, "volume": 5651000, "typical_volume": 12342610.0, "trend": 7.458478, "fair_value": 10.284576, "relative_strength": -16.119178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.448461, "energy": 40.536942, "activity_lines": [ 6.486367, 6.432906, 6.861469, 7.184493 ] }, { "date": "2024-01-12", "close": 6.439322, "volume": 3840500, "typical_volume": 11465675.0, "trend": 7.407848, "fair_value": 10.289929, "relative_strength": -16.207839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.903255, "energy": 34.989522, "activity_lines": [ 6.492248, 6.425689, 6.768639, 7.118741 ] }, { "date": "2024-01-19", "close": 6.218797, "volume": 2689400, "typical_volume": 8332525.0, "trend": 7.365725, "fair_value": 10.294368, "relative_strength": -16.443147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.487961, "energy": 42.38376, "activity_lines": [ 6.409918, 6.390405, 6.665517, 7.042028 ] }, { "date": "2024-01-26", "close": 6.130587, "volume": 2792100, "typical_volume": 7243605.0, "trend": 7.324987, "fair_value": 10.299239, "relative_strength": -15.545889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.407741, "energy": 50.275094, "activity_lines": [ 6.298186, 6.347904, 6.568066, 6.962341 ] }, { "date": "2024-02-02", "close": 6.174692, "volume": 2439800, "typical_volume": 6071535.0, "trend": 7.291486, "fair_value": 10.303396, "relative_strength": -14.73709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.144682, "energy": 53.559842, "activity_lines": [ 6.233499, 6.315828, 6.490147, 6.888129 ] }, { "date": "2024-02-09", "close": 6.130587, "volume": 2753700, "typical_volume": 5788930.0, "trend": 7.253632, "fair_value": 10.306521, "relative_strength": -14.6474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.458976, "energy": 62.44096, "activity_lines": [ 6.174692, 6.279742, 6.42189, 6.813232 ] }, { "date": "2024-02-16", "close": 5.910063, "volume": 2518700, "typical_volume": 5454945.0, "trend": 7.206985, "fair_value": 10.308481, "relative_strength": -16.965403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.156189, "energy": 72.947283, "activity_lines": [ 6.071781, 6.205165, 6.346281, 6.72655 ] }, { "date": "2024-02-23", "close": 5.910063, "volume": 2997100, "typical_volume": 5280215.0, "trend": 7.154571, "fair_value": 10.310941, "relative_strength": -17.038593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.244014, "energy": 72.732361, "activity_lines": [ 6.004153, 6.136201, 6.281384, 6.642878 ] }, { "date": "2024-03-01", "close": 5.777748, "volume": 2772500, "typical_volume": 5244765.0, "trend": 7.084772, "fair_value": 10.30931, "relative_strength": -16.550036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.597812, "energy": 74.634717, "activity_lines": [ 5.913003, 6.048793, 6.213336, 6.55405 ] }, { "date": "2024-03-08", "close": 5.942304, "volume": 2749600, "typical_volume": 5159385.0, "trend": 7.020457, "fair_value": 10.306688, "relative_strength": -14.882034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.255206, "energy": 59.514184, "activity_lines": [ 5.900228, 6.00654, 6.170622, 6.480343 ] }, { "date": "2024-03-15", "close": 5.806221, "volume": 1285000, "typical_volume": 4955660.0, "trend": 6.957374, "fair_value": 10.29723, "relative_strength": -16.326312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.084607, "energy": 57.608949, "activity_lines": [ 5.857584, 5.949384, 6.121094, 6.402005 ] }, { "date": "2024-03-22", "close": 5.851582, "volume": 3178400, "typical_volume": 4693245.0, "trend": 6.862804, "fair_value": 10.287544, "relative_strength": -14.922852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.31402, "energy": 53.3036, "activity_lines": [ 5.851684, 5.914392, 6.082052, 6.330664 ] }, { "date": "2024-03-29", "close": 5.806221, "volume": 3021400, "typical_volume": 4617015.0, "trend": 6.75055, "fair_value": 10.281456, "relative_strength": -14.957936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.680275, "energy": 51.324668, "activity_lines": [ 5.834563, 5.881839, 6.044639, 6.262497 ] }, { "date": "2024-04-05", "close": 5.261888, "volume": 6213000, "typical_volume": 4459100.0, "trend": 6.614272, "fair_value": 10.272658, "relative_strength": -22.28119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.526283, "energy": 63.381399, "activity_lines": [ 5.642921, 5.757817, 5.959659, 6.166454 ] }, { "date": "2024-04-12", "close": 5.624776, "volume": 4636000, "typical_volume": 3951220.0, "trend": 6.49891, "fair_value": 10.267482, "relative_strength": -17.707629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.287322, "energy": 53.152282, "activity_lines": [ 5.606632, 5.71557, 5.914007, 6.102616 ] }, { "date": "2024-04-19", "close": 5.171165, "volume": 2283000, "typical_volume": 3824070.0, "trend": 6.371369, "fair_value": 10.256287, "relative_strength": -20.247539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.596582, "energy": 72.297218, "activity_lines": [ 5.440308, 5.600846, 5.828822, 6.016955 ] }, { "date": "2024-04-26", "close": 5.171165, "volume": 2095200, "typical_volume": 3695290.0, "trend": 6.27176, "fair_value": 10.246647, "relative_strength": -21.446266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.903267, "energy": 81.0681, "activity_lines": [ 5.316321, 5.503566, 5.748626, 5.939522 ] }, { "date": "2024-05-03", "close": 5.488693, "volume": 5135100, "typical_volume": 3735100.0, "trend": 6.191557, "fair_value": 10.239821, "relative_strength": -16.820405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.984015, "energy": 55.047357, "activity_lines": [ 5.343537, 5.477454, 5.70366, 5.889002 ] }, { "date": "2024-05-10", "close": 5.534054, "volume": 2481100, "typical_volume": 3349260.0, "trend": 6.115807, "fair_value": 10.236398, "relative_strength": -15.859644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.960642, "energy": 49.520306, "activity_lines": [ 5.407043, 5.46725, 5.666491, 5.846582 ] }, { "date": "2024-05-17", "close": 5.579415, "volume": 6446500, "typical_volume": 3398955.0, "trend": 6.06068, "fair_value": 10.231969, "relative_strength": -15.379105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.223007, "energy": 38.390807, "activity_lines": [ 5.467524, 5.469724, 5.638792, 5.811976 ] }, { "date": "2024-05-24", "close": 5.896943, "volume": 5629900, "typical_volume": 3397900.0, "trend": 6.020548, "fair_value": 10.228538, "relative_strength": -8.944589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.203623, "energy": 18.539299, "activity_lines": [ 5.636873, 5.536528, 5.645639, 5.801413 ] }, { "date": "2024-05-31", "close": 5.670137, "volume": 979400, "typical_volume": 3254845.0, "trend": 5.972856, "fair_value": 10.218466, "relative_strength": -10.713071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.798648, "energy": 20.832514, "activity_lines": [ 5.682234, 5.560446, 5.634098, 5.778806 ] }, { "date": "2024-06-07", "close": 5.39797, "volume": 3247000, "typical_volume": 3282725.0, "trend": 5.929324, "fair_value": 10.198611, "relative_strength": -13.672204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.157109, "energy": 21.157094, "activity_lines": [ 5.603607, 5.538178, 5.6003, 5.741716 ] }, { "date": "2024-06-14", "close": 5.035082, "volume": 3284700, "typical_volume": 3307355.0, "trend": 5.888396, "fair_value": 10.178505, "relative_strength": -17.439337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.00934, "energy": 36.293537, "activity_lines": [ 5.410067, 5.457352, 5.535849, 5.684023 ] }, { "date": "2024-06-21", "close": 4.808277, "volume": 2425600, "typical_volume": 3306645.0, "trend": 5.835498, "fair_value": 10.156944, "relative_strength": -20.728077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.539464, "energy": 67.811359, "activity_lines": [ 5.174189, 5.339414, 5.455015, 5.614338 ] }, { "date": "2024-06-28", "close": 4.717554, "volume": 1007500, "typical_volume": 3219335.0, "trend": 5.785457, "fair_value": 10.129616, "relative_strength": -21.486421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.559563, "energy": 79.44266, "activity_lines": [ 4.95948, 5.219825, 5.372047, 5.542213 ] }, { "date": "2024-07-05", "close": 4.808277, "volume": 2878100, "typical_volume": 3237305.0, "trend": 5.738439, "fair_value": 10.103906, "relative_strength": -20.266816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.122295, "energy": 81.957988, "activity_lines": [ 4.853638, 5.124979, 5.304448, 5.479169 ] }, { "date": "2024-07-12", "close": 4.808277, "volume": 1532900, "typical_volume": 3164095.0, "trend": 5.691422, "fair_value": 10.077159, "relative_strength": -21.078246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.306828, "energy": 81.584426, "activity_lines": [ 4.805253, 5.036732, 5.242095, 5.419158 ] }, { "date": "2024-07-19", "close": 4.626832, "volume": 2440100, "typical_volume": 3147475.0, "trend": 5.625125, "fair_value": 10.050286, "relative_strength": -22.786001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.363217, "energy": 83.497239, "activity_lines": [ 4.735699, 4.927865, 5.167709, 5.350475 ] }, { "date": "2024-07-26", "close": 4.37281, "volume": 2676500, "typical_volume": 3143820.0, "trend": 5.554771, "fair_value": 10.02386, "relative_strength": -26.000618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.679152, "energy": 83.242837, "activity_lines": [ 4.608688, 4.789307, 5.074611, 5.26968 ] }, { "date": "2024-08-02", "close": 4.581471, "volume": 5795300, "typical_volume": 3369335.0, "trend": 5.488432, "fair_value": 10.000846, "relative_strength": -22.26909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.248843, "energy": 62.924665, "activity_lines": [ 4.580261, 4.710627, 5.008859, 5.206887 ] }, { "date": "2024-08-09", "close": 4.300232, "volume": 1781000, "typical_volume": 3299465.0, "trend": 5.417129, "fair_value": 9.974472, "relative_strength": -25.562181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.746164, "energy": 66.730609, "activity_lines": [ 4.467161, 4.604729, 4.922154, 5.130229 ] }, { "date": "2024-08-16", "close": 5.624776, "volume": 24550400, "typical_volume": 4375915.0, "trend": 5.397329, "fair_value": 9.952441, "relative_strength": -2.761844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.093188, "energy": 23.380958, "activity_lines": [ 4.829445, 4.764565, 4.968984, 5.143625 ] }, { "date": "2024-08-23", "close": 5.624776, "volume": 10551200, "typical_volume": 4592825.0, "trend": 5.380468, "fair_value": 9.930622, "relative_strength": -5.906783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.616213, "energy": 15.182982, "activity_lines": [ 5.137295, 4.920277, 5.016678, 5.158299 ] }, { "date": "2024-08-30", "close": 5.647902, "volume": 7107900, "typical_volume": 4716420.0, "trend": 5.362909, "fair_value": 9.908951, "relative_strength": -5.100761, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.613132, "energy": 32.199288, "activity_lines": [ 5.386325, 5.069472, 5.064847, 5.175553 ] }, { "date": "2024-09-06", "close": 6.353889, "volume": 23868000, "typical_volume": 5795670.0, "trend": 5.370352, "fair_value": 9.89446, "relative_strength": 2.34976, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.00464, "energy": 49.920468, "activity_lines": [ 5.785678, 5.331763, 5.180142, 5.239487 ] }, { "date": "2024-09-13", "close": 6.353889, "volume": 7348200, "typical_volume": 6058320.0, "trend": 5.385146, "fair_value": 9.876784, "relative_strength": 3.23672, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.642916, "energy": 69.178325, "activity_lines": [ 6.066869, 5.564302, 5.289805, 5.302941 ] }, { "date": "2024-09-20", "close": 5.930297, "volume": 12889600, "typical_volume": 6446045.0, "trend": 5.385821, "fair_value": 9.856923, "relative_strength": -4.683875, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.429598, "energy": 67.21603, "activity_lines": [ 6.069953, 5.691722, 5.353494, 5.338112 ] }, { "date": "2024-09-27", "close": 5.742033, "volume": 6171200, "typical_volume": 6630550.0, "trend": 5.38463, "fair_value": 9.837448, "relative_strength": -6.949763, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.878912, "energy": 59.827931, "activity_lines": [ 5.989913, 5.764512, 5.39715, 5.361094 ] }, { "date": "2024-10-04", "close": 5.459638, "volume": 6105600, "typical_volume": 6613505.0, "trend": 5.368541, "fair_value": 9.815633, "relative_strength": -10.473478, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.770843, "energy": 28.413716, "activity_lines": [ 5.807925, 5.765682, 5.412921, 5.365933 ] }, { "date": "2024-10-11", "close": 5.506704, "volume": 1669500, "typical_volume": 6415485.0, "trend": 5.358557, "fair_value": 9.794649, "relative_strength": -10.623851, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.375316, "energy": 19.838484, "activity_lines": [ 5.654177, 5.755648, 5.433745, 5.374847 ] }, { "date": "2024-10-18", "close": 5.742033, "volume": 7877000, "typical_volume": 6760365.0, "trend": 5.354906, "fair_value": 9.77252, "relative_strength": -7.479769, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.964883, "energy": 20.525152, "activity_lines": [ 5.635351, 5.771579, 5.478839, 5.399587 ] }, { "date": "2024-10-25", "close": 5.600835, "volume": 5826900, "typical_volume": 6889360.0, "trend": 5.34806, "fair_value": 9.748954, "relative_strength": -7.577383, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.818536, "energy": 19.572583, "activity_lines": [ 5.610249, 5.735622, 5.510144, 5.415453 ] }, { "date": "2024-11-01", "close": 5.55377, "volume": 2249200, "typical_volume": 6837585.0, "trend": 5.357789, "fair_value": 9.726149, "relative_strength": -7.884056, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.481773, "energy": 16.919438, "activity_lines": [ 5.591422, 5.691544, 5.536, 5.428725 ] }, { "date": "2024-11-08", "close": 6.259758, "volume": 15173900, "typical_volume": 7475000.0, "trend": 5.378955, "fair_value": 9.707338, "relative_strength": 4.05637, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.943552, "energy": 33.915135, "activity_lines": [ 5.820476, 5.777119, 5.626624, 5.486917 ] }, { "date": "2024-11-15", "close": 8.189457, "volume": 62972800, "typical_volume": 10573265.0, "trend": 5.479565, "fair_value": 9.688685, "relative_strength": 37.409339, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 88.576957, "energy": 82.177697, "activity_lines": [ 6.639422, 6.202423, 5.894116, 5.668239 ] }, { "date": "2024-11-22", "close": 8.001194, "volume": 48086800, "typical_volume": 12833700.0, "trend": 5.573899, "fair_value": 9.67148, "relative_strength": 33.316714, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.113647, "energy": 90.937431, "activity_lines": [ 7.216763, 6.560123, 6.127146, 5.830925 ] }, { "date": "2024-11-29", "close": 7.812931, "volume": 61708200, "typical_volume": 15842465.0, "trend": 5.651374, "fair_value": 9.65413, "relative_strength": 31.301811, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.242576, "energy": 87.913966, "activity_lines": [ 7.580739, 6.853643, 6.327041, 5.975379 ] }, { "date": "2024-12-06", "close": 8.001194, "volume": 20188100, "typical_volume": 16729865.0, "trend": 5.733612, "fair_value": 9.641704, "relative_strength": 31.592526, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.4992, "energy": 89.550662, "activity_lines": [ 7.859997, 7.147163, 6.530558, 6.12698 ] }, { "date": "2024-12-13", "close": 7.907061, "volume": 19187700, "typical_volume": 17555425.0, "trend": 5.8112, "fair_value": 9.627081, "relative_strength": 31.253085, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.194739, "energy": 84.465588, "activity_lines": [ 7.944715, 7.382492, 6.709042, 6.267203 ] }, { "date": "2024-12-20", "close": 7.436404, "volume": 15575700, "typical_volume": 18044445.0, "trend": 5.862515, "fair_value": 9.611565, "relative_strength": 29.027028, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.014651, "energy": 58.320762, "activity_lines": [ 7.762727, 7.487748, 6.825872, 6.372054 ] }, { "date": "2024-12-27", "close": 7.530535, "volume": 9647900, "typical_volume": 18437790.0, "trend": 5.924529, "fair_value": 9.596122, "relative_strength": 26.808867, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.452177, "energy": 50.800411, "activity_lines": [ 7.66232, 7.575034, 6.938072, 6.479669 ] }, { "date": "2025-01-03", "close": 7.577601, "volume": 8586000, "typical_volume": 17639570.0, "trend": 5.997183, "fair_value": 9.58098, "relative_strength": 28.632368, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.473037, "energy": 40.262947, "activity_lines": [ 7.608978, 7.638359, 7.039372, 6.586318 ] }, { "date": "2025-01-10", "close": 6.589219, "volume": 31914000, "typical_volume": 18707710.0, "trend": 6.048988, "fair_value": 9.562688, "relative_strength": 13.091905, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.745922, "energy": 22.218655, "activity_lines": [ 7.241865, 7.486037, 7.03724, 6.624514 ] }, { "date": "2025-01-17", "close": 6.495087, "volume": 10354500, "typical_volume": 18870040.0, "trend": 6.105215, "fair_value": 9.546979, "relative_strength": 13.5736, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.195929, "energy": 19.641563, "activity_lines": [ 6.937506, 7.297773, 7.021552, 6.653295 ] }, { "date": "2025-01-24", "close": 6.824548, "volume": 7958900, "typical_volume": 18074585.0, "trend": 6.175448, "fair_value": 9.533382, "relative_strength": 17.853069, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.35756, "energy": 20.975926, "activity_lines": [ 6.837099, 7.165133, 7.033206, 6.699704 ] }, { "date": "2025-01-31", "close": 6.212692, "volume": 6688100, "typical_volume": 18041580.0, "trend": 6.222262, "fair_value": 9.5148, "relative_strength": 10.384987, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.560525, "energy": 18.357876, "activity_lines": [ 6.57353, 6.946063, 6.984347, 6.702106 ] }, { "date": "2025-02-07", "close": 5.977363, "volume": 7038900, "typical_volume": 17749045.0, "trend": 6.261231, "fair_value": 9.496834, "relative_strength": 8.768036, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.851608, "energy": 22.929122, "activity_lines": [ 6.319375, 6.716724, 6.913749, 6.686307 ] }, { "date": "2025-02-14", "close": 5.883231, "volume": 2884000, "typical_volume": 17584685.0, "trend": 6.303111, "fair_value": 9.476672, "relative_strength": 7.721143, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.092429, "energy": 44.676707, "activity_lines": [ 6.140524, 6.503644, 6.833961, 6.661919 ] }, { "date": "2025-02-21", "close": 6.777482, "volume": 6041700, "typical_volume": 17581490.0, "trend": 6.383267, "fair_value": 9.463835, "relative_strength": 25.989197, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.897502, "energy": 34.910396, "activity_lines": [ 6.306824, 6.491664, 6.838668, 6.692524 ] }, { "date": "2025-02-28", "close": 6.212692, "volume": 12937100, "typical_volume": 18144870.0, "trend": 6.437641, "fair_value": 9.444191, "relative_strength": 19.070284, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.235409, "energy": 35.414953, "activity_lines": [ 6.266033, 6.397532, 6.783309, 6.681519 ] }, { "date": "2025-03-07", "close": 5.742033, "volume": 8975700, "typical_volume": 18199805.0, "trend": 6.485701, "fair_value": 9.422021, "relative_strength": 9.96504, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.936967, "energy": 32.755732, "activity_lines": [ 6.109147, 6.240076, 6.679764, 6.636641 ] }, { "date": "2025-03-14", "close": 5.459638, "volume": 4863400, "typical_volume": 18151630.0, "trend": 6.480196, "fair_value": 9.395877, "relative_strength": 6.856473, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.864359, "energy": 35.54452, "activity_lines": [ 5.889506, 6.063793, 6.549325, 6.570444 ] }, { "date": "2025-03-21", "close": 5.506704, "volume": 3437700, "typical_volume": 18211055.0, "trend": 6.47626, "fair_value": 9.344603, "relative_strength": 6.42075, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.901885, "energy": 56.343759, "activity_lines": [ 5.720069, 5.934575, 6.42404, 6.507638 ] }, { "date": "2025-03-28", "close": 5.506704, "volume": 1099700, "typical_volume": 17507345.0, "trend": 6.471554, "fair_value": 9.298199, "relative_strength": 7.208421, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.039579, "energy": 69.892441, "activity_lines": [ 5.575734, 5.82504, 6.298979, 6.445086 ] }, { "date": "2025-04-04", "close": 5.742033, "volume": 1785000, "typical_volume": 14447955.0, "trend": 6.451159, "fair_value": 9.255468, "relative_strength": 16.128262, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.172073, "energy": 63.183051, "activity_lines": [ 5.59456, 5.776263, 6.199917, 6.39802 ] }, { "date": "2025-04-11", "close": 5.224309, "volume": 3174000, "typical_volume": 12202315.0, "trend": 6.413506, "fair_value": 9.194809, "relative_strength": 5.058553, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.804738, "energy": 69.882408, "activity_lines": [ 5.472189, 5.653036, 6.063202, 6.318868 ] }, { "date": "2025-04-18", "close": 5.883231, "volume": 1678800, "typical_volume": 9200845.0, "trend": 6.411937, "fair_value": 9.107533, "relative_strength": 15.398605, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.811392, "energy": 41.356078, "activity_lines": [ 5.603973, 5.667584, 6.002464, 6.284657 ] }, { "date": "2025-04-25", "close": 6.306823, "volume": 3764800, "typical_volume": 8379680.0, "trend": 6.430763, "fair_value": 9.031087, "relative_strength": 21.980029, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.168784, "energy": 23.519581, "activity_lines": [ 5.848716, 5.76086, 5.991258, 6.277875 ] }, { "date": "2025-05-02", "close": 6.071494, "volume": 1129700, "typical_volume": 7476780.0, "trend": 6.451159, "fair_value": 8.967743, "relative_strength": 12.997861, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.407698, "energy": 18.648289, "activity_lines": [ 5.961674, 5.803647, 5.965708, 6.254697 ] }, { "date": "2025-05-09", "close": 6.448021, "volume": 2247500, "typical_volume": 6810370.0, "trend": 6.482536, "fair_value": 8.903566, "relative_strength": 18.16563, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.90763, "energy": 19.647856, "activity_lines": [ 6.162488, 5.927729, 5.984759, 6.254494 ] }, { "date": "2025-05-16", "close": 6.965745, "volume": 10315100, "typical_volume": 6843730.0, "trend": 6.523326, "fair_value": 8.828639, "relative_strength": 28.29274, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.342987, "energy": 23.06019, "activity_lines": [ 6.488811, 6.141665, 6.057823, 6.285669 ] }, { "date": "2025-05-23", "close": 6.636284, "volume": 2344900, "typical_volume": 6531675.0, "trend": 6.557841, "fair_value": 8.760257, "relative_strength": 23.551042, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.84535, "energy": 27.54943, "activity_lines": [ 6.589218, 6.273449, 6.102199, 6.292957 ] }, { "date": "2025-05-30", "close": 6.495087, "volume": 2311800, "typical_volume": 5051565.0, "trend": 6.589219, "fair_value": 8.695841, "relative_strength": 23.036997, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.957313, "energy": 31.064094, "activity_lines": [ 6.592356, 6.358168, 6.13761, 6.288908 ] }, { "date": "2025-06-06", "close": 6.306823, "volume": 953500, "typical_volume": 4581515.0, "trend": 6.590787, "fair_value": 8.62643, "relative_strength": 20.057477, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -0.827873, "energy": 24.245652, "activity_lines": [ 6.520188, 6.390686, 6.15554, 6.270689 ] }, { "date": "2025-06-13", "close": 5.836164, "volume": 2117600, "typical_volume": 4289450.0, "trend": 6.512344, "fair_value": 8.564282, "relative_strength": 11.831046, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.440349, "energy": 14.651891, "activity_lines": [ 6.275446, 6.323082, 6.129542, 6.222004 ] }, { "date": "2025-06-20", "close": 5.412572, "volume": 2830500, "typical_volume": 4096570.0, "trend": 6.426057, "fair_value": 8.49509, "relative_strength": 8.440797, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.476676, "energy": 33.260935, "activity_lines": [ 5.930296, 6.17675, 6.067908, 6.151051 ] }, { "date": "2025-06-27", "close": 5.31844, "volume": 4664300, "typical_volume": 3977840.0, "trend": 6.342907, "fair_value": 8.42746, "relative_strength": 4.545336, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.700774, "energy": 42.009056, "activity_lines": [ 5.657314, 6.00988, 6.001119, 6.079591 ] }, { "date": "2025-07-04", "close": 5.55377, "volume": 3655300, "typical_volume": 4016405.0, "trend": 6.261326, "fair_value": 8.360797, "relative_strength": 4.95805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.840845, "energy": 49.017819, "activity_lines": [ 5.550632, 5.896067, 5.959881, 6.028679 ] }, { "date": "2025-07-11", "close": 5.600835, "volume": 1523200, "typical_volume": 3790480.0, "trend": 6.184452, "fair_value": 8.294435, "relative_strength": 5.142013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.116163, "energy": 58.380967, "activity_lines": [ 5.522392, 5.804502, 5.924693, 5.986067 ] }, { "date": "2025-07-18", "close": 6.306823, "volume": 3984800, "typical_volume": 3342865.0, "trend": 6.146799, "fair_value": 8.226106, "relative_strength": 9.252454, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.779653, "energy": 24.812856, "activity_lines": [ 5.776548, 5.849856, 5.962346, 5.993962 ] }, { "date": "2025-07-25", "close": 5.930297, "volume": 4819300, "typical_volume": 3135045.0, "trend": 6.093458, "fair_value": 8.158069, "relative_strength": 1.216497, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.563978, "energy": 14.946652, "activity_lines": [ 5.873817, 5.829319, 5.963691, 5.979994 ] }, { "date": "2025-08-01", "close": 6.071494, "volume": 2764600, "typical_volume": 3030105.0, "trend": 6.043255, "fair_value": 8.086608, "relative_strength": 2.911668, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.733826, "energy": 14.06236, "activity_lines": [ 5.983638, 5.85328, 5.977586, 5.978577 ] }, { "date": "2025-08-08", "close": 6.636284, "volume": 4853500, "typical_volume": 3100895.0, "trend": 6.044823, "fair_value": 8.022555, "relative_strength": 8.006414, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.450364, "energy": 24.405366, "activity_lines": [ 6.231518, 5.990198, 6.042358, 6.016837 ] }, { "date": "2025-08-15", "close": 5.742033, "volume": 26746300, "typical_volume": 4383225.0, "trend": 6.019722, "fair_value": 7.948442, "relative_strength": -6.662806, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.784973, "energy": 8.376259, "activity_lines": [ 6.109147, 5.961959, 6.016584, 5.997302 ] }, { "date": "2025-08-22", "close": 5.789099, "volume": 5672500, "typical_volume": 4577600.0, "trend": 5.985207, "fair_value": 7.867521, "relative_strength": -5.618629, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.742814, "energy": 5.194177, "activity_lines": [ 5.993051, 5.952546, 5.994171, 5.982423 ] }, { "date": "2025-08-29", "close": 5.815385, "volume": 3812400, "typical_volume": 4609520.0, "trend": 5.971963, "fair_value": 7.784582, "relative_strength": -4.109679, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.557642, "energy": 6.505073, "activity_lines": [ 5.920232, 5.948768, 5.974038, 5.971467 ] }, { "date": "2025-09-05", "close": 6.736154, "volume": 15223800, "typical_volume": 5286770.0, "trend": 5.997256, "fair_value": 7.706454, "relative_strength": 8.225903, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.266084, "energy": 22.457018, "activity_lines": [ 6.161997, 6.105078, 6.038783, 6.02077 ] }, { "date": "2025-09-12", "close": 7.026923, "volume": 19997400, "typical_volume": 6098400.0, "trend": 6.035379, "fair_value": 7.626364, "relative_strength": 9.964978, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.716218, "energy": 50.199438, "activity_lines": [ 6.456374, 6.288479, 6.127159, 6.0872 ] }, { "date": "2025-09-19", "close": 8.626154, "volume": 46145800, "typical_volume": 8349205.0, "trend": 6.097002, "fair_value": 7.563082, "relative_strength": 33.738148, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.459846, "energy": 81.448505, "activity_lines": [ 7.257786, 6.735865, 6.364413, 6.254346 ] }, { "date": "2025-09-26", "close": 9.15923, "volume": 45199300, "typical_volume": 10496795.0, "trend": 6.19522, "fair_value": 7.511415, "relative_strength": 41.804668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.539488, "energy": 91.81224, "activity_lines": [ 8.044615, 7.225168, 6.640271, 6.45191 ] }, { "date": "2025-10-03", "close": 8.480769, "volume": 29359900, "typical_volume": 11449035.0, "trend": 6.286511, "fair_value": 7.453759, "relative_strength": 28.434101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.94659, "energy": 86.370771, "activity_lines": [ 8.380615, 7.539252, 6.838603, 6.599364 ] }, { "date": "2025-10-10", "close": 8.383845, "volume": 14127000, "typical_volume": 12038140.0, "trend": 6.383984, "fair_value": 7.397667, "relative_strength": 26.302967, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.397708, "energy": 85.22696, "activity_lines": [ 8.506615, 7.789342, 7.02049, 6.734676 ] }, { "date": "2025-10-17", "close": 7.269231, "volume": 17153300, "typical_volume": 12780215.0, "trend": 6.442735, "fair_value": 7.332791, "relative_strength": 9.817006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.50632, "energy": 61.81238, "activity_lines": [ 8.15123, 7.794731, 7.087902, 6.791789 ] }, { "date": "2025-10-24", "close": 7.414616, "volume": 9603200, "typical_volume": 13212700.0, "trend": 6.506332, "fair_value": 7.272673, "relative_strength": 7.937127, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.66114, "energy": 40.050637, "activity_lines": [ 7.828154, 7.815046, 7.165473, 6.854491 ] }, { "date": "2025-10-31", "close": 7.172308, "volume": 6688200, "typical_volume": 13441230.0, "trend": 6.554008, "fair_value": 7.217558, "relative_strength": 4.116463, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.310216, "energy": 22.447017, "activity_lines": [ 7.505077, 7.760895, 7.214692, 6.897457 ] }, { "date": "2025-11-07", "close": 6.833077, "volume": 6604000, "typical_volume": 13629905.0, "trend": 6.607634, "fair_value": 7.170651, "relative_strength": -0.658779, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.890421, "energy": 25.717037, "activity_lines": [ 7.201385, 7.619916, 7.225241, 6.915462 ] }, { "date": "2025-11-14", "close": 6.251538, "volume": 14807500, "typical_volume": 14137065.0, "trend": 6.619911, "fair_value": 7.132584, "relative_strength": -6.447746, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.01204, "energy": 20.432822, "activity_lines": [ 6.813692, 7.354699, 7.173641, 6.892488 ] }, { "date": "2025-11-21", "close": 6.203077, "volume": 9859500, "typical_volume": 14447275.0, "trend": 6.616452, "fair_value": 7.096939, "relative_strength": -5.871425, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.89469, "energy": 30.385769, "activity_lines": [ 6.552, 7.089482, 7.112983, 6.865595 ] }, { "date": "2025-11-28", "close": 6.493846, "volume": 4625300, "typical_volume": 14602380.0, "trend": 6.630531, "fair_value": 7.059879, "relative_strength": -1.528561, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.264877, "energy": 27.994845, "activity_lines": [ 6.458308, 6.892112, 7.076924, 6.857685 ] }, { "date": "2025-12-05", "close": 6.493846, "volume": 2822300, "typical_volume": 14544255.0, "trend": 6.632058, "fair_value": 7.025005, "relative_strength": -2.701894, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.900075, "energy": 28.967322, "activity_lines": [ 6.426, 6.73351, 7.036613, 6.848867 ] }, { "date": "2025-12-12", "close": 6.396923, "volume": 2049700, "typical_volume": 14405775.0, "trend": 6.613098, "fair_value": 6.998253, "relative_strength": -2.499733, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.924682, "energy": 30.109157, "activity_lines": [ 6.406615, 6.605748, 6.986181, 6.833697 ] }, { "date": "2025-12-19", "close": 6.3, "volume": 7137900, "typical_volume": 14624440.0, "trend": 6.601888, "fair_value": 6.968693, "relative_strength": -3.683095, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.040406, "energy": 31.764231, "activity_lines": [ 6.384, 6.498252, 6.924296, 6.813497 ] }, { "date": "2025-12-26", "close": 6.154615, "volume": 8078300, "typical_volume": 14785680.0, "trend": 6.590539, "fair_value": 6.937655, "relative_strength": -6.265692, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.428892, "energy": 35.95773, "activity_lines": [ 6.309692, 6.40221, 6.847477, 6.78464 ] }, { "date": "2026-01-02", "close": 6.3, "volume": 668900, "typical_volume": 13481810.0, "trend": 6.590312, "fair_value": 6.909735, "relative_strength": -3.916637, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.810777, "energy": 34.695919, "activity_lines": [ 6.287077, 6.352867, 6.786798, 6.765896 ] }, { "date": "2026-01-09", "close": 5.718462, "volume": 9103100, "typical_volume": 13653340.0, "trend": 6.586388, "fair_value": 6.869344, "relative_strength": -12.31459, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.482185, "energy": 56.262163, "activity_lines": [ 6.083539, 6.218056, 6.668077, 6.709648 ] }, { "date": "2026-01-16", "close": 5.960769, "volume": 5261300, "typical_volume": 13725785.0, "trend": 6.604661, "fair_value": 6.829413, "relative_strength": -10.083224, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.337303, "energy": 57.553024, "activity_lines": [ 6.012462, 6.153734, 6.572769, 6.669285 ] }, { "date": "2026-01-23", "close": 6.154615, "volume": 9089700, "typical_volume": 13419080.0, "trend": 6.632534, "fair_value": 6.777064, "relative_strength": -9.779642, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.157368, "energy": 49.679356, "activity_lines": [ 6.035077, 6.140517, 6.495231, 6.64025 ] }, { "date": "2026-01-30", "close": 6.009231, "volume": 3932200, "typical_volume": 12615820.0, "trend": 6.647716, "fair_value": 6.725969, "relative_strength": -12.594521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.894337, "energy": 58.906958, "activity_lines": [ 6.018923, 6.102629, 6.406615, 6.600037 ] }, { "date": "2026-02-06", "close": 5.960769, "volume": 4295100, "typical_volume": 10523285.0, "trend": 6.659714, "fair_value": 6.684399, "relative_strength": -15.035415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.63922, "energy": 48.092528, "activity_lines": [ 5.996308, 6.059454, 6.318231, 6.555718 ] }, { "date": "2026-02-13", "close": 7.220769, "volume": 54753600, "typical_volume": 11001000.0, "trend": 6.690179, "fair_value": 6.664021, "relative_strength": -2.725553, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.122497, "energy": 13.265912, "activity_lines": [ 6.416308, 6.255063, 6.362538, 6.591915 ] }, { "date": "2026-02-20", "close": 6.978461, "volume": 20076800, "typical_volume": 10536845.0, "trend": 6.725117, "fair_value": 6.643182, "relative_strength": -8.87804, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.712352, "energy": 15.240161, "activity_lines": [ 6.655384, 6.393398, 6.393, 6.610514 ] }, { "date": "2026-02-27", "close": 6.978461, "volume": 24023300, "typical_volume": 11031660.0, "trend": 6.75535, "fair_value": 6.627261, "relative_strength": -11.577344, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.806285, "energy": 29.893687, "activity_lines": [ 6.826615, 6.521161, 6.430615, 6.626858 ] }, { "date": "2026-03-06", "close": 6.348462, "volume": 8317600, "typical_volume": 10589875.0, "trend": 6.745756, "fair_value": 6.609179, "relative_strength": -12.746536, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.921914, "energy": 23.270283, "activity_lines": [ 6.732923, 6.522042, 6.414923, 6.600608 ] }, { "date": "2026-03-13", "close": 6.55, "volume": 6327200, "typical_volume": 10426075.0, "trend": 6.772688, "fair_value": 6.594052, "relative_strength": -9.910135, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.741305, "energy": 14.67243, "activity_lines": [ 6.683795, 6.556042, 6.422809, 6.587978 ] }, { "date": "2026-03-20", "close": 6.25, "volume": 4052600, "typical_volume": 10294295.0, "trend": 6.788051, "fair_value": 6.577002, "relative_strength": -15.366444, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.117219, "energy": 13.795293, "activity_lines": [ 6.495385, 6.530951, 6.406242, 6.554256 ] }, { "date": "2026-03-27", "close": 6.2, "volume": 2869600, "typical_volume": 10107575.0, "trend": 6.800872, "fair_value": 6.559632, "relative_strength": -16.73492, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.19852, "energy": 23.996294, "activity_lines": [ 6.355026, 6.487105, 6.389304, 6.516318 ] }, { "date": "2026-04-03", "close": 6.15, "volume": 5352100, "typical_volume": 9634805.0, "trend": 6.781333, "fair_value": 6.54305, "relative_strength": -17.532027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.316917, "energy": 26.21886, "activity_lines": [ 6.249897, 6.429818, 6.370619, 6.474326 ] }, { "date": "2026-04-10", "close": 6.25, "volume": 4127600, "typical_volume": 9348210.0, "trend": 6.755436, "fair_value": 6.527664, "relative_strength": -18.983871, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.455062, "energy": 26.249708, "activity_lines": [ 6.233333, 6.390797, 6.361941, 6.440046 ] }, { "date": "2026-04-17", "close": 6.3, "volume": 729900, "typical_volume": 9153440.0, "trend": 6.677897, "fair_value": 6.515093, "relative_strength": -16.722546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.3405, "energy": 28.75594, "activity_lines": [ 6.24, 6.356489, 6.357802, 6.410663 ] }, { "date": "2026-04-24", "close": 6.25, "volume": 2072900, "typical_volume": 9115970.0, "trend": 6.580923, "fair_value": 6.504143, "relative_strength": -15.522542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.658695, "energy": 24.051009, "activity_lines": [ 6.246667, 6.306923, 6.349824, 6.383057 ] }, { "date": "2026-05-01", "close": 6.7, "volume": 14975500, "typical_volume": 9762260.0, "trend": 6.521564, "fair_value": 6.495523, "relative_strength": -11.525513, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.492139, "energy": 6.927773, "activity_lines": [ 6.403333, 6.356825, 6.385864, 6.390739 ] }, { "date": "2026-05-08", "close": 7.2, "volume": 44101600, "typical_volume": 11610445.0, "trend": 6.482103, "fair_value": 6.489553, "relative_strength": -5.156399, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.01792, "energy": 24.947466, "activity_lines": [ 6.693333, 6.502699, 6.468081, 6.434509 ] }, { "date": "2026-05-15", "close": 6.5, "volume": 14120700, "typical_volume": 11912565.0, "trend": 6.456462, "fair_value": 6.479097, "relative_strength": -14.870177, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.824101, "energy": 23.383743, "activity_lines": [ 6.68, 6.517273, 6.479344, 6.435664 ] }, { "date": "2026-05-22", "close": 7.2, "volume": 13196400, "typical_volume": 12538940.0, "trend": 6.449308, "fair_value": 6.471464, "relative_strength": -6.628774, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.707209, "energy": 55.782076, "activity_lines": [ 6.883333, 6.656364, 6.55563, 6.483634 ] }, { "date": "2026-05-29", "close": 7.35, "volume": 58614200, "typical_volume": 15014495.0, "trend": 6.455231, "fair_value": 6.463406, "relative_strength": -6.14078, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.536017, "energy": 63.850046, "activity_lines": [ 7.076667, 6.810909, 6.641916, 6.541744 ] }, { "date": "2026-06-05", "close": 7.7, "volume": 4935900, "typical_volume": 14998225.0, "trend": 6.484128, "fair_value": 6.458146, "relative_strength": -2.297926, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.112634, "energy": 70.88467, "activity_lines": [ 7.313333, 7.009091, 6.753766, 6.622051 ] }, { "date": "2026-06-12", "close": 7.25, "volume": 558100, "typical_volume": 14571645.0, "trend": 6.51741, "fair_value": 6.453606, "relative_strength": -8.346043, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.486516, "energy": 66.428123, "activity_lines": [ 7.333333, 7.098182, 6.814476, 6.671462 ] }, { "date": "2026-06-19", "close": 7.2, "volume": 1037000, "typical_volume": 14426885.0, "trend": 6.550641, "fair_value": 6.451796, "relative_strength": -7.650129, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.334977, "energy": 59.842613, "activity_lines": [ 7.333333, 7.158182, 6.865209, 6.7155 ] }, { "date": "2026-06-26", "close": 7.0, "volume": 1447600, "typical_volume": 14284510.0, "trend": 6.567513, "fair_value": 6.449535, "relative_strength": -8.326379, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.96347, "energy": 38.066832, "activity_lines": [ 7.22, 7.164545, 6.891223, 6.744491 ] }, { "date": "2026-07-03", "close": 7.15, "volume": 1317400, "typical_volume": 11612700.0, "trend": 6.589385, "fair_value": 6.449344, "relative_strength": -10.186388, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.7716, "energy": 25.370539, "activity_lines": [ 7.17, 7.185455, 6.926575, 6.782071 ] }, { "date": "2026-07-10", "close": 7.6, "volume": 19279200, "typical_volume": 11572820.0, "trend": 6.629487, "fair_value": 6.451484, "relative_strength": -5.024248, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.73894, "energy": 35.492984, "activity_lines": [ 7.283333, 7.271818, 7.005121, 6.847272 ] }, { "date": "2026-07-17", "close": 7.85, "volume": 24838700, "typical_volume": 11613590.0, "trend": 6.681154, "fair_value": 6.454949, "relative_strength": -2.781056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.708792, "energy": 41.189385, "activity_lines": [ 7.486667, 7.387273, 7.104516, 6.926015 ] }, { "date": "2026-07-24", "close": 8.05, "volume": 32581100, "typical_volume": 12826765.0, "trend": 6.744333, "fair_value": 6.458587, "relative_strength": -0.596561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.837367, "energy": 59.88833, "activity_lines": [ 7.716667, 7.527273, 7.21881, 7.014328 ] }, { "date": "2026-07-31", "close": 7.95, "volume": 9157300, "typical_volume": 12968270.0, "trend": 6.799333, "fair_value": 6.459088, "relative_strength": -0.687335, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.89377, "energy": 67.847181, "activity_lines": [ 7.856667, 7.620909, 7.315476, 7.092112 ] }, { "date": "2026-08-07", "close": 7.85, "volume": 10161100, "typical_volume": 13273695.0, "trend": 6.870385, "fair_value": 6.458949, "relative_strength": -1.114972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.412724, "energy": 66.79652, "activity_lines": [ 7.9, 7.682727, 7.395952, 7.159897 ] } ], "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." } } }