{ "ticker": { "uuid": "8291b1b6-6f0c-4ecb-909a-fac234fc482a", "symbol": "LOIHDE", "name": "Loihde Oyj", "exchange": "HEL", "country": "FI", "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": "2026-09-18", "benchmark": "^OMXH25", "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": 52.749, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -43.776, "architecture_energy": 25.244, "architecture_maturity": 8.981, "architecture_confidence": 74.577, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 51.7, "rotation_up": 22.6, "upward_expansion": 10.07, "deceleration": 43.78, "rotation_down": 39.11, "downward_expansion": 67.4 }, "activity_lines": [ 12.273333, 12.294545, 12.301905, 12.391599 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 12.25, "trend_reference": 12.402111, "distance_from_trend": -0.012265, "trend_direction": "Improving", "fair_value": 11.213066, "distance_from_fair_value": 0.092475, "fair_value_direction": "Weakening", "relative_strength": -5.819989, "relative_strength_direction": "Weakening", "price_momentum": 0.045817, "excess_performance": -0.077759, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.012265, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.032668, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.092475, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.026587, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.0582, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.030174, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.045817, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.697766, "read": "Demand-led" } ], "volume": { "latest": 6326, "relative_activity": 0.947361, "balance": 1.697766, "dry_up": 0.8003, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.031397, "annualized_volatility": 0.205738, "from_high_reference": -0.169304, "from_low_reference": 0.19863 }, "levels": { "trend_reference": 12.402111, "fair_value_reference": 11.213066, "structural_low": 11.293333, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.008811, "positive_rate": 0.454545, "directional_follow_through": 0.454545, "median_excess_return": -0.017554, "regime_survival": 0.454545, "best_return": 0.140351, "worst_return": -0.114504, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.045326, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.00635, "regime_survival": 0.166667, "best_return": 0.311404, "worst_return": -0.015903, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.101322, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.053108, "regime_survival": 0.0, "best_return": 0.207379, "worst_return": -0.059072, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.007588, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.197346, "regime_survival": 0.0, "best_return": 0.023615, "worst_return": -0.008439, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-06-21", "tenure": "Developing", "return": -0.098113, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": -0.04918, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-12-27", "tenure": "Established", "return": -0.004348, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": 0.042194, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-05-16", "tenure": "Developing", "return": -0.025105, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": -0.026087, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": -0.008696, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-09-19", "tenure": "Developing", "return": 0.008889, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-28", "tenure": "Developing", "return": 0.057269, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": -0.016949, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-20", "tenure": "Developing", "return": 0.140351, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-05-22", "tenure": "Established", "return": 0.025748, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-29", "end": "2026-08-21", "tenure": "Established", "return": -0.038911, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-28", "end": "2026-09-18", "tenure": "New", "return": -0.008097, "active": true } ], "chart_path": [ { "date": "2023-09-29", "close": 10.205564, "volume": 5785, "typical_volume": 6160.35, "trend": 10.917484, "fair_value": 10.843201, "relative_strength": 6.816402, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.389361, "energy": 22.386392, "activity_lines": [ 10.122853, 10.116061, 10.179836, 10.489812 ] }, { "date": "2023-10-06", "close": 10.285608, "volume": 5095, "typical_volume": 6286.8, "trend": 10.88097, "fair_value": 10.83789, "relative_strength": 9.244147, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.563166, "energy": 16.314085, "activity_lines": [ 10.19756, 10.142257, 10.174119, 10.449046 ] }, { "date": "2023-10-13", "close": 10.485718, "volume": 4142, "typical_volume": 6122.0, "trend": 10.846052, "fair_value": 10.834568, "relative_strength": 9.407908, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.275731, "energy": 10.604743, "activity_lines": [ 10.309621, 10.199743, 10.19413, 10.423546 ] }, { "date": "2023-10-20", "close": 9.605236, "volume": 3438, "typical_volume": 5992.4, "trend": 10.785591, "fair_value": 10.823079, "relative_strength": 5.613871, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.443046, "energy": 24.878155, "activity_lines": [ 10.093503, 10.096414, 10.134097, 10.343493 ] }, { "date": "2023-10-27", "close": 8.924867, "volume": 10045, "typical_volume": 6075.85, "trend": 10.660581, "fair_value": 10.805503, "relative_strength": -3.138866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.895532, "energy": 44.058993, "activity_lines": [ 9.685281, 9.886118, 10.015937, 10.223447 ] }, { "date": "2023-11-03", "close": 9.44515, "volume": 8121, "typical_volume": 6167.95, "trend": 10.565602, "fair_value": 10.793023, "relative_strength": -2.091672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.184103, "energy": 50.918928, "activity_lines": [ 9.533198, 9.792248, 9.953808, 10.145032 ] }, { "date": "2023-11-10", "close": 9.285063, "volume": 6605, "typical_volume": 6156.55, "trend": 10.457673, "fair_value": 10.779314, "relative_strength": -4.463888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.362, "energy": 61.147657, "activity_lines": [ 9.378447, 9.67946, 9.879673, 10.062416 ] }, { "date": "2023-11-17", "close": 10.405673, "volume": 18878, "typical_volume": 6984.6, "trend": 10.393443, "fair_value": 10.775948, "relative_strength": 4.137807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.493976, "energy": 32.304626, "activity_lines": [ 9.663936, 9.780606, 9.917979, 10.059062 ] }, { "date": "2023-11-24", "close": 10.795886, "volume": 40985, "typical_volume": 8691.85, "trend": 10.359982, "fair_value": 10.776126, "relative_strength": 7.741199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.296466, "energy": 8.09212, "activity_lines": [ 10.084832, 9.944695, 9.992305, 10.085026 ] }, { "date": "2023-12-01", "close": 10.752529, "volume": 7683, "typical_volume": 8786.7, "trend": 10.304841, "fair_value": 10.775917, "relative_strength": 5.322247, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.897241, "energy": 19.259523, "activity_lines": [ 10.411899, 10.088713, 10.05931, 10.110351 ] }, { "date": "2023-12-08", "close": 10.622458, "volume": 3505, "typical_volume": 8639.7, "trend": 10.2507, "fair_value": 10.774571, "relative_strength": 3.013724, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.966231, "energy": 26.35752, "activity_lines": [ 10.573765, 10.198409, 10.111323, 10.130843 ] }, { "date": "2023-12-15", "close": 10.492388, "volume": 7630, "typical_volume": 8834.75, "trend": 10.210901, "fair_value": 10.772117, "relative_strength": 1.775372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.096473, "energy": 33.987937, "activity_lines": [ 10.613787, 10.276876, 10.148581, 10.146435 ] }, { "date": "2023-12-22", "close": 10.449031, "volume": 9959, "typical_volume": 8874.3, "trend": 10.182997, "fair_value": 10.769332, "relative_strength": -0.782154, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.907498, "energy": 38.220952, "activity_lines": [ 10.558868, 10.3437, 10.179391, 10.161799 ] }, { "date": "2023-12-29", "close": 10.405673, "volume": 4813, "typical_volume": 8929.2, "trend": 10.162986, "fair_value": 10.766224, "relative_strength": -1.262684, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.040562, "energy": 29.205639, "activity_lines": [ 10.486607, 10.403309, 10.206057, 10.176165 ] }, { "date": "2024-01-05", "close": 10.535744, "volume": 3911, "typical_volume": 8775.2, "trend": 10.171324, "fair_value": 10.76427, "relative_strength": -1.635836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.300212, "energy": 25.635197, "activity_lines": [ 10.483716, 10.472013, 10.245681, 10.200214 ] }, { "date": "2024-01-12", "close": 10.318959, "volume": 5233, "typical_volume": 8563.45, "trend": 10.177772, "fair_value": 10.760528, "relative_strength": -3.713431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.128887, "energy": 18.209148, "activity_lines": [ 10.423016, 10.472013, 10.262707, 10.209739 ] }, { "date": "2024-01-19", "close": 11.359528, "volume": 12168, "typical_volume": 8979.65, "trend": 10.206898, "fair_value": 10.76552, "relative_strength": 9.671302, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.106458, "energy": 43.809069, "activity_lines": [ 10.729406, 10.645319, 10.377341, 10.285981 ] }, { "date": "2024-01-26", "close": 11.056028, "volume": 7130, "typical_volume": 8838.2, "trend": 10.236581, "fair_value": 10.767921, "relative_strength": 1.995998, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.893544, "energy": 57.490619, "activity_lines": [ 10.876819, 10.725727, 10.45586, 10.340764 ] }, { "date": "2024-02-02", "close": 11.099385, "volume": 5115, "typical_volume": 8814.1, "trend": 10.269043, "fair_value": 10.770638, "relative_strength": 4.382491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.077295, "energy": 63.312545, "activity_lines": [ 10.998219, 10.802193, 10.533315, 10.396428 ] }, { "date": "2024-02-09", "close": 10.839243, "volume": 6300, "typical_volume": 8827.05, "trend": 10.290166, "fair_value": 10.771196, "relative_strength": 3.671319, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.081058, "energy": 62.073289, "activity_lines": [ 10.986657, 10.825842, 10.581357, 10.433215 ] }, { "date": "2024-02-16", "close": 11.272813, "volume": 63539, "typical_volume": 11714.75, "trend": 10.328409, "fair_value": 10.775241, "relative_strength": 5.527353, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.844689, "energy": 63.147689, "activity_lines": [ 11.099385, 10.926745, 10.667483, 10.496612 ] }, { "date": "2024-02-23", "close": 11.359528, "volume": 8808, "typical_volume": 11900.4, "trend": 10.373545, "fair_value": 10.779915, "relative_strength": 6.451345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.189069, "energy": 60.649131, "activity_lines": [ 11.177428, 11.031591, 10.756786, 10.563136 ] }, { "date": "2024-03-01", "close": 11.706383, "volume": 14293, "typical_volume": 12407.95, "trend": 10.415568, "fair_value": 10.787268, "relative_strength": 9.796482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.656936, "energy": 64.784661, "activity_lines": [ 11.371089, 11.183734, 10.874008, 10.649125 ] }, { "date": "2024-03-08", "close": 11.44624, "volume": 16269, "typical_volume": 13049.5, "trend": 10.446251, "fair_value": 10.792457, "relative_strength": 7.500149, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.425548, "energy": 59.372498, "activity_lines": [ 11.434679, 11.265718, 10.960643, 10.71562 ] }, { "date": "2024-03-15", "close": 12.139952, "volume": 8486, "typical_volume": 12971.55, "trend": 10.513399, "fair_value": 10.802984, "relative_strength": 14.353824, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.946936, "energy": 66.713198, "activity_lines": [ 11.706383, 11.454912, 11.104578, 10.824891 ] }, { "date": "2024-03-22", "close": 12.790307, "volume": 11824, "typical_volume": 13156.7, "trend": 10.606227, "fair_value": 10.81839, "relative_strength": 19.654764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.602454, "energy": 71.974077, "activity_lines": [ 12.108157, 11.733185, 11.295143, 10.971789 ] }, { "date": "2024-03-29", "close": 12.226667, "volume": 2890, "typical_volume": 12970.95, "trend": 10.685604, "fair_value": 10.829223, "relative_strength": 14.696231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.22006, "energy": 52.0193, "activity_lines": [ 12.220885, 11.864044, 11.416097, 11.076333 ] }, { "date": "2024-04-05", "close": 12.270022, "volume": 4325, "typical_volume": 12243.3, "trend": 10.762424, "fair_value": 10.840221, "relative_strength": 13.205689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.643221, "energy": 52.201183, "activity_lines": [ 12.290256, 11.98702, 11.527174, 11.178554 ] }, { "date": "2024-04-12", "close": 12.660236, "volume": 6418, "typical_volume": 10514.95, "trend": 10.846914, "fair_value": 10.854009, "relative_strength": 16.722103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.684594, "energy": 51.625245, "activity_lines": [ 12.452122, 12.158872, 11.666535, 11.300993 ] }, { "date": "2024-04-19", "close": 12.443452, "volume": 11611, "typical_volume": 10711.35, "trend": 10.922844, "fair_value": 10.86596, "relative_strength": 14.871554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.270879, "energy": 45.011181, "activity_lines": [ 12.460794, 12.262929, 11.776373, 11.403996 ] }, { "date": "2024-04-26", "close": 11.836453, "volume": 9045, "typical_volume": 10988.35, "trend": 10.977207, "fair_value": 10.873202, "relative_strength": 8.95739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.37041, "energy": 36.344888, "activity_lines": [ 12.246899, 12.227455, 11.82035, 11.462938 ] }, { "date": "2024-05-03", "close": 11.966525, "volume": 11841, "typical_volume": 11198.9, "trend": 11.033238, "fair_value": 10.881301, "relative_strength": 8.773123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.904019, "energy": 27.147439, "activity_lines": [ 12.139952, 12.205382, 11.870933, 11.526765 ] }, { "date": "2024-05-10", "close": 12.366667, "volume": 24637, "typical_volume": 11932.8, "trend": 11.095936, "fair_value": 10.892223, "relative_strength": 8.819859, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.53281, "energy": 23.524561, "activity_lines": [ 12.183729, 12.245026, 11.952605, 11.612793 ] }, { "date": "2024-05-17", "close": 12.273333, "volume": 7658, "typical_volume": 12075.05, "trend": 11.184873, "fair_value": 10.902304, "relative_strength": 6.538993, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.934427, "energy": 20.880377, "activity_lines": [ 12.189951, 12.255695, 12.016257, 11.688754 ] }, { "date": "2024-05-24", "close": 11.9, "volume": 9786, "typical_volume": 12368.8, "trend": 11.284044, "fair_value": 10.909534, "relative_strength": 3.865528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.581519, "energy": 19.089811, "activity_lines": [ 12.097522, 12.183448, 12.035459, 11.734891 ] }, { "date": "2024-05-31", "close": 11.573333, "volume": 8077, "typical_volume": 12511.0, "trend": 11.354983, "fair_value": 10.914309, "relative_strength": 2.061821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.781274, "energy": 12.098377, "activity_lines": [ 11.932435, 12.056169, 12.017054, 11.753555 ] }, { "date": "2024-06-07", "close": 11.433333, "volume": 6540, "typical_volume": 12229.6, "trend": 11.426592, "fair_value": 10.918016, "relative_strength": 1.122108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.606609, "energy": 9.778573, "activity_lines": [ 11.738222, 11.925563, 11.979343, 11.75861 ] }, { "date": "2024-06-14", "close": 11.246667, "volume": 8414, "typical_volume": 12293.8, "trend": 11.454625, "fair_value": 10.920347, "relative_strength": 1.445326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.256463, "energy": 14.420185, "activity_lines": [ 11.517333, 11.775441, 11.923502, 11.747002 ] }, { "date": "2024-06-21", "close": 11.153334, "volume": 2750, "typical_volume": 12175.55, "trend": 11.46654, "fair_value": 10.921988, "relative_strength": -0.559899, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.206069, "energy": 35.981067, "activity_lines": [ 11.34, 11.626956, 11.857864, 11.727563 ] }, { "date": "2024-06-28", "close": 11.386666, "volume": 13438, "typical_volume": 12532.45, "trend": 11.487678, "fair_value": 10.925237, "relative_strength": 2.745511, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.541033, "energy": 40.212473, "activity_lines": [ 11.315111, 11.548294, 11.814192, 11.72241 ] }, { "date": "2024-07-05", "close": 11.2, "volume": 9870, "typical_volume": 9849.0, "trend": 11.50693, "fair_value": 10.927146, "relative_strength": 0.201578, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.503045, "energy": 42.24122, "activity_lines": [ 11.262222, 11.454906, 11.750135, 11.70385 ] }, { "date": "2024-07-12", "close": 11.246667, "volume": 4523, "typical_volume": 9634.75, "trend": 11.532072, "fair_value": 10.929349, "relative_strength": 0.092428, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.544171, "energy": 31.306938, "activity_lines": [ 11.249778, 11.381576, 11.69087, 11.687059 ] }, { "date": "2024-07-19", "close": 11.06, "volume": 5719, "typical_volume": 9206.05, "trend": 11.552438, "fair_value": 10.930244, "relative_strength": 0.739577, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.057037, "energy": 29.124752, "activity_lines": [ 11.187556, 11.287394, 11.614364, 11.656603 ] }, { "date": "2024-07-26", "close": 10.780001, "volume": 5165, "typical_volume": 8650.85, "trend": 11.564916, "fair_value": 10.929222, "relative_strength": -2.600169, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.375197, "energy": 41.167779, "activity_lines": [ 11.044445, 11.166061, 11.51427, 11.606768 ] }, { "date": "2024-08-02", "close": 10.826667, "volume": 4063, "typical_volume": 8429.7, "trend": 11.574613, "fair_value": 10.928529, "relative_strength": -0.267136, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.574206, "energy": 56.645349, "activity_lines": [ 10.941778, 11.080364, 11.421792, 11.559139 ] }, { "date": "2024-08-09", "close": 10.733334, "volume": 9238, "typical_volume": 8300.4, "trend": 11.588425, "fair_value": 10.927219, "relative_strength": -2.057834, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.014686, "energy": 66.524782, "activity_lines": [ 10.845334, 10.997212, 11.326679, 11.504863 ] }, { "date": "2024-08-16", "close": 10.546667, "volume": 5352, "typical_volume": 8423.5, "trend": 11.56133, "fair_value": 10.924682, "relative_strength": -5.930695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.253711, "energy": 72.727812, "activity_lines": [ 10.717778, 10.895394, 11.223584, 11.437653 ] }, { "date": "2024-08-23", "close": 10.966667, "volume": 7528, "typical_volume": 8583.65, "trend": 11.558351, "fair_value": 10.92496, "relative_strength": -4.087031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.531389, "energy": 56.080637, "activity_lines": [ 10.776889, 10.886061, 11.168489, 11.399288 ] }, { "date": "2024-08-30", "close": 11.06, "volume": 8204, "typical_volume": 8672.95, "trend": 11.557039, "fair_value": 10.925848, "relative_strength": -4.763898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.957395, "energy": 37.647754, "activity_lines": [ 10.873334, 10.898788, 11.128489, 11.367136 ] }, { "date": "2024-09-06", "close": 10.966667, "volume": 5594, "typical_volume": 8372.1, "trend": 11.561286, "fair_value": 10.926115, "relative_strength": -2.048399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.602506, "energy": 28.142131, "activity_lines": [ 10.92, 10.896243, 11.08722, 11.329048 ] }, { "date": "2024-09-13", "close": 10.826667, "volume": 6296, "typical_volume": 8234.65, "trend": 11.546414, "fair_value": 10.925469, "relative_strength": -3.406123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.302961, "energy": 23.825733, "activity_lines": [ 10.910667, 10.875879, 11.03965, 11.281653 ] }, { "date": "2024-09-20", "close": 10.593334, "volume": 6963, "typical_volume": 7990.75, "trend": 11.520875, "fair_value": 10.923327, "relative_strength": -6.36491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.598298, "energy": 34.38023, "activity_lines": [ 10.817334, 10.819879, 10.974667, 11.220164 ] }, { "date": "2024-09-27", "close": 10.780001, "volume": 6142, "typical_volume": 7066.0, "trend": 11.489995, "fair_value": 10.922408, "relative_strength": -8.503715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.378712, "energy": 33.652151, "activity_lines": [ 10.783112, 10.809697, 10.934, 11.172365 ] }, { "date": "2024-10-04", "close": 10.593334, "volume": 4417, "typical_volume": 6903.95, "trend": 11.461565, "fair_value": 10.884869, "relative_strength": -9.215392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.205872, "energy": 41.212226, "activity_lines": [ 10.699112, 10.770667, 10.883112, 11.114516 ] }, { "date": "2024-10-11", "close": 10.733334, "volume": 4697, "typical_volume": 6649.5, "trend": 11.414678, "fair_value": 10.859526, "relative_strength": -7.0375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.251003, "energy": 37.298834, "activity_lines": [ 10.69289, 10.760485, 10.853556, 11.067534 ] }, { "date": "2024-10-18", "close": 10.826667, "volume": 5352, "typical_volume": 6513.25, "trend": 11.349223, "fair_value": 10.833133, "relative_strength": -6.276054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.116125, "energy": 30.409535, "activity_lines": [ 10.733334, 10.76897, 10.838445, 11.029597 ] }, { "date": "2024-10-25", "close": 10.173333, "volume": 9147, "typical_volume": 6643.6, "trend": 11.280779, "fair_value": 10.8042, "relative_strength": -10.593909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.35538, "energy": 43.775876, "activity_lines": [ 10.556, 10.65697, 10.764667, 10.953734 ] }, { "date": "2024-11-01", "close": 9.986667, "volume": 7713, "typical_volume": 6608.55, "trend": 11.204667, "fair_value": 10.77793, "relative_strength": -10.481714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.664615, "energy": 54.620343, "activity_lines": [ 10.344445, 10.517819, 10.679111, 10.870242 ] }, { "date": "2024-11-08", "close": 9.893333, "volume": 6782, "typical_volume": 6810.15, "trend": 11.112437, "fair_value": 10.756617, "relative_strength": -10.195064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.478515, "energy": 66.378523, "activity_lines": [ 10.154667, 10.379515, 10.590667, 10.78564 ] }, { "date": "2024-11-15", "close": 9.893333, "volume": 9374, "typical_volume": 6606.95, "trend": 11.027433, "fair_value": 10.735304, "relative_strength": -9.200852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.951179, "energy": 71.469271, "activity_lines": [ 10.011555, 10.262424, 10.508222, 10.706988 ] }, { "date": "2024-11-22", "close": 9.893333, "volume": 3718, "typical_volume": 6299.35, "trend": 10.962662, "fair_value": 10.717286, "relative_strength": -7.840437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.03624, "energy": 70.455121, "activity_lines": [ 9.924444, 10.164848, 10.432889, 10.633821 ] }, { "date": "2024-11-29", "close": 9.94, "volume": 8409, "typical_volume": 6493.65, "trend": 10.895111, "fair_value": 10.701214, "relative_strength": -7.026139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.486958, "energy": 60.227917, "activity_lines": [ 9.915111, 10.092727, 10.368222, 10.567842 ] }, { "date": "2024-12-06", "close": 10.826667, "volume": 14865, "typical_volume": 6950.95, "trend": 10.843778, "fair_value": 10.693415, "relative_strength": -1.014698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.377452, "energy": 23.847258, "activity_lines": [ 10.216889, 10.193697, 10.394222, 10.563427 ] }, { "date": "2024-12-13", "close": 10.639999, "volume": 35350, "typical_volume": 8460.2, "trend": 10.789333, "fair_value": 10.685597, "relative_strength": -0.955574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.238036, "energy": 16.023585, "activity_lines": [ 10.400444, 10.259879, 10.403556, 10.55028 ] }, { "date": "2024-12-20", "close": 10.686666, "volume": 9083, "typical_volume": 8711.2, "trend": 10.748889, "fair_value": 10.677607, "relative_strength": 1.706187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.565325, "energy": 17.402582, "activity_lines": [ 10.549777, 10.333697, 10.418, 10.543656 ] }, { "date": "2024-12-27", "close": 10.686666, "volume": 3247, "typical_volume": 8411.65, "trend": 10.719333, "fair_value": 10.669852, "relative_strength": -0.126526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.114136, "energy": 19.54353, "activity_lines": [ 10.646222, 10.408363, 10.433111, 10.539642 ] }, { "date": "2025-01-03", "close": 11.06, "volume": 4673, "typical_volume": 8377.7, "trend": 10.706889, "fair_value": 10.655076, "relative_strength": 1.973554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.258591, "energy": 23.387218, "activity_lines": [ 10.814222, 10.553454, 10.484, 10.56162 ] }, { "date": "2025-01-10", "close": 10.593334, "volume": 6067, "typical_volume": 8304.65, "trend": 10.685111, "fair_value": 10.639897, "relative_strength": -2.019046, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.153797, "energy": 15.979267, "activity_lines": [ 10.752, 10.597576, 10.488, 10.554294 ] }, { "date": "2025-01-17", "close": 10.313334, "volume": 5208, "typical_volume": 8154.85, "trend": 10.657111, "fair_value": 10.627161, "relative_strength": -6.412483, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.946639, "energy": 10.398229, "activity_lines": [ 10.612, 10.579758, 10.467111, 10.530308 ] }, { "date": "2025-01-24", "close": 10.173333, "volume": 6190, "typical_volume": 8184.65, "trend": 10.616667, "fair_value": 10.615174, "relative_strength": -8.934376, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.967831, "energy": 14.128043, "activity_lines": [ 10.447111, 10.528848, 10.436444, 10.499097 ] }, { "date": "2025-01-31", "close": 10.593334, "volume": 10139, "typical_volume": 8376.8, "trend": 10.596445, "fair_value": 10.603996, "relative_strength": -6.270161, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.742603, "energy": 14.637581, "activity_lines": [ 10.456445, 10.549212, 10.449556, 10.497591 ] }, { "date": "2025-02-07", "close": 10.5, "volume": 5449, "typical_volume": 8301.1, "trend": 10.571556, "fair_value": 10.59175, "relative_strength": -7.330681, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.782845, "energy": 15.786262, "activity_lines": [ 10.440889, 10.539879, 10.454889, 10.491369 ] }, { "date": "2025-02-14", "close": 11.526667, "volume": 8671, "typical_volume": 8427.55, "trend": 10.587111, "fair_value": 10.587026, "relative_strength": -0.827917, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.335136, "energy": 22.95741, "activity_lines": [ 10.804889, 10.70703, 10.558444, 10.552989 ] }, { "date": "2025-02-21", "close": 11.526667, "volume": 18480, "typical_volume": 9130.7, "trend": 10.612, "fair_value": 10.583715, "relative_strength": -1.530054, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.562216, "energy": 52.165156, "activity_lines": [ 11.106667, 10.861455, 10.658444, 10.613606 ] }, { "date": "2025-02-28", "close": 11.153334, "volume": 16345, "typical_volume": 9713.1, "trend": 10.622889, "fair_value": 10.583188, "relative_strength": -3.931687, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.841055, "energy": 52.147037, "activity_lines": [ 11.203112, 10.931879, 10.718445, 10.648531 ] }, { "date": "2025-03-07", "close": 11.2, "volume": 13201, "typical_volume": 10105.55, "trend": 10.638445, "fair_value": 10.583431, "relative_strength": -4.96653, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.692662, "energy": 56.450509, "activity_lines": [ 11.249778, 11.002303, 10.780889, 10.685764 ] }, { "date": "2025-03-14", "close": 11.946667, "volume": 11085, "typical_volume": 10202.45, "trend": 10.685111, "fair_value": 10.586578, "relative_strength": 2.128561, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.087815, "energy": 62.609018, "activity_lines": [ 11.504889, 11.199152, 10.912667, 10.770165 ] }, { "date": "2025-03-21", "close": 11.526667, "volume": 6758, "typical_volume": 10154.7, "trend": 10.703778, "fair_value": 10.587268, "relative_strength": -0.433062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.672414, "energy": 51.096376, "activity_lines": [ 11.523556, 11.303515, 10.996, 10.824459 ] }, { "date": "2025-03-28", "close": 11.806666, "volume": 5880, "typical_volume": 10109.6, "trend": 10.728667, "fair_value": 10.58834, "relative_strength": 5.681659, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.743548, "energy": 57.587657, "activity_lines": [ 11.635556, 11.441818, 11.098667, 10.895613 ] }, { "date": "2025-04-04", "close": 11.526667, "volume": 5833, "typical_volume": 9932.55, "trend": 10.747333, "fair_value": 10.588089, "relative_strength": 11.50253, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.976244, "energy": 48.152165, "activity_lines": [ 11.635556, 11.502061, 11.165556, 10.947097 ] }, { "date": "2025-04-11", "close": 11.526667, "volume": 12058, "typical_volume": 10349.55, "trend": 10.770667, "fair_value": 10.588778, "relative_strength": 14.03603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.058767, "energy": 34.094193, "activity_lines": [ 11.610667, 11.537697, 11.224667, 10.997376 ] }, { "date": "2025-04-18", "close": 11.9, "volume": 3678, "typical_volume": 10113.0, "trend": 10.814222, "fair_value": 10.592332, "relative_strength": 13.519343, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.999012, "energy": 37.50897, "activity_lines": [ 11.688445, 11.624243, 11.311556, 11.070237 ] }, { "date": "2025-04-25", "close": 11.48, "volume": 8095, "typical_volume": 9774.5, "trend": 10.837556, "fair_value": 10.592958, "relative_strength": 7.777492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.62186, "energy": 29.291565, "activity_lines": [ 11.629333, 11.60897, 11.349111, 11.11319 ] }, { "date": "2025-05-02", "close": 11.9, "volume": 6921, "typical_volume": 8353.05, "trend": 10.881111, "fair_value": 10.596773, "relative_strength": 7.526218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.985662, "energy": 32.89014, "activity_lines": [ 11.713333, 11.670909, 11.423556, 11.181735 ] }, { "date": "2025-05-09", "close": 11.246667, "volume": 14079, "typical_volume": 8602.85, "trend": 10.898222, "fair_value": 10.598596, "relative_strength": 0.964809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.002419, "energy": 20.996, "activity_lines": [ 11.573333, 11.607273, 11.429778, 11.205319 ] }, { "date": "2025-05-16", "close": 10.873333, "volume": 7985, "typical_volume": 8839.75, "trend": 10.899778, "fair_value": 10.601685, "relative_strength": -5.377886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.644291, "energy": 12.573484, "activity_lines": [ 11.327556, 11.474061, 11.397778, 11.203713 ] }, { "date": "2025-05-23", "close": 10.733334, "volume": 7671, "typical_volume": 8989.65, "trend": 10.918444, "fair_value": 10.602169, "relative_strength": -5.79462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.27479, "energy": 11.247038, "activity_lines": [ 11.078667, 11.321333, 11.351556, 11.192975 ] }, { "date": "2025-05-30", "close": 10.733334, "volume": 3035, "typical_volume": 8838.05, "trend": 10.943333, "fair_value": 10.605093, "relative_strength": -5.956161, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.375237, "energy": 24.769114, "activity_lines": [ 10.907556, 11.190667, 11.306889, 11.181032 ] }, { "date": "2025-06-06", "close": 10.453333, "volume": 7186, "typical_volume": 8936.95, "trend": 10.962, "fair_value": 10.608907, "relative_strength": -9.11194, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.794196, "energy": 42.324695, "activity_lines": [ 10.692889, 11.023515, 11.234889, 11.149419 ] }, { "date": "2025-06-13", "close": 10.733334, "volume": 7073, "typical_volume": 8981.1, "trend": 10.99, "fair_value": 10.621103, "relative_strength": -5.39634, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.353152, "energy": 42.116529, "activity_lines": [ 10.668, 10.931879, 11.188889, 11.134667 ] }, { "date": "2025-06-20", "close": 10.546667, "volume": 3375, "typical_volume": 8642.9, "trend": 11.011778, "fair_value": 10.63015, "relative_strength": -7.148485, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.449726, "energy": 42.293779, "activity_lines": [ 10.615111, 10.820728, 11.122445, 11.106065 ] }, { "date": "2025-06-27", "close": 10.639999, "volume": 8353, "typical_volume": 8788.1, "trend": 11.035111, "fair_value": 10.6437, "relative_strength": -7.300252, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.058901, "energy": 35.055125, "activity_lines": [ 10.615111, 10.744364, 11.065111, 11.082079 ] }, { "date": "2025-07-04", "close": 10.406667, "volume": 1874, "typical_volume": 8448.25, "trend": 11.021111, "fair_value": 10.65185, "relative_strength": -9.217378, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.969474, "energy": 33.741954, "activity_lines": [ 10.543556, 10.648485, 10.984889, 11.041534 ] }, { "date": "2025-07-11", "close": 10.639999, "volume": 7626, "typical_volume": 7905.55, "trend": 11.021111, "fair_value": 10.660764, "relative_strength": -7.763854, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.980136, "energy": 39.564856, "activity_lines": [ 10.571555, 10.614545, 10.932222, 11.016946 ] }, { "date": "2025-07-18", "close": 10.5, "volume": 2087, "typical_volume": 7192.65, "trend": 11.014889, "fair_value": 10.667072, "relative_strength": -8.578729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.389625, "energy": 39.864225, "activity_lines": [ 10.540444, 10.57806, 10.870444, 10.983326 ] }, { "date": "2025-07-25", "close": 10.686666, "volume": 3823, "typical_volume": 6723.75, "trend": 11.014889, "fair_value": 10.674821, "relative_strength": -8.795184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.691154, "energy": 32.681743, "activity_lines": [ 10.587111, 10.589091, 10.829555, 10.962151 ] }, { "date": "2025-08-01", "close": 10.686666, "volume": 3842, "typical_volume": 6361.6, "trend": 11.002445, "fair_value": 10.684034, "relative_strength": -5.748766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.814359, "energy": 24.094404, "activity_lines": [ 10.624444, 10.603515, 10.791111, 10.940975 ] }, { "date": "2025-08-08", "close": 10.5, "volume": 3623, "typical_volume": 6204.85, "trend": 10.999333, "fair_value": 10.690831, "relative_strength": -9.37298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.373333, "energy": 31.604088, "activity_lines": [ 10.596444, 10.584848, 10.740889, 10.908559 ] }, { "date": "2025-08-15", "close": 10.5, "volume": 5610, "typical_volume": 6191.35, "trend": 11.005556, "fair_value": 10.699091, "relative_strength": -9.365815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.210047, "energy": 35.134789, "activity_lines": [ 10.562222, 10.570424, 10.695555, 10.876344 ] }, { "date": "2025-08-22", "close": 10.780001, "volume": 5764, "typical_volume": 6187.9, "trend": 11.025778, "fair_value": 10.71061, "relative_strength": -8.52886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.722677, "energy": 23.80764, "activity_lines": [ 10.630667, 10.606061, 10.683111, 10.861792 ] }, { "date": "2025-08-29", "close": 10.360001, "volume": 7100, "typical_volume": 5940.0, "trend": 11.018, "fair_value": 10.714313, "relative_strength": -10.313484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.310796, "energy": 35.263035, "activity_lines": [ 10.540445, 10.564485, 10.634222, 10.818839 ] }, { "date": "2025-09-05", "close": 10.360001, "volume": 10556, "typical_volume": 6283.9, "trend": 11.013333, "fair_value": 10.721188, "relative_strength": -11.121321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.539029, "energy": 35.998035, "activity_lines": [ 10.472001, 10.526303, 10.590889, 10.776387 ] }, { "date": "2025-09-12", "close": 10.780001, "volume": 7290, "typical_volume": 6243.65, "trend": 10.988445, "fair_value": 10.732219, "relative_strength": -8.660455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.731042, "energy": 24.546978, "activity_lines": [ 10.565334, 10.569576, 10.594889, 10.761334 ] }, { "date": "2025-09-19", "close": 10.593334, "volume": 6578, "typical_volume": 6226.5, "trend": 10.957334, "fair_value": 10.743518, "relative_strength": -9.124565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.257156, "energy": 22.163033, "activity_lines": [ 10.577779, 10.572122, 10.584445, 10.735843 ] }, { "date": "2025-09-26", "close": 10.593334, "volume": 7691, "typical_volume": 5907.1, "trend": 10.938667, "fair_value": 10.756037, "relative_strength": -8.840286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.429922, "energy": 16.59112, "activity_lines": [ 10.584001, 10.575516, 10.580223, 10.712359 ] }, { "date": "2025-10-03", "close": 10.733334, "volume": 5534, "typical_volume": 5784.55, "trend": 10.923111, "fair_value": 10.769453, "relative_strength": -8.560284, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.216866, "energy": 11.022783, "activity_lines": [ 10.649334, 10.602667, 10.592445, 10.699111 ] }, { "date": "2025-10-10", "close": 10.639999, "volume": 13704, "typical_volume": 6086.2, "trend": 10.879556, "fair_value": 10.780562, "relative_strength": -9.496216, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.303692, "energy": 8.614384, "activity_lines": [ 10.658667, 10.612, 10.596445, 10.680846 ] }, { "date": "2025-10-17", "close": 10.406667, "volume": 5866, "typical_volume": 6227.75, "trend": 10.842222, "fair_value": 10.790665, "relative_strength": -12.180471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.96224, "energy": 16.749874, "activity_lines": [ 10.571556, 10.579758, 10.578667, 10.650337 ] }, { "date": "2025-10-24", "close": 10.5, "volume": 11881, "typical_volume": 6462.5, "trend": 10.798667, "fair_value": 10.801121, "relative_strength": -15.805001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.28572, "energy": 19.915827, "activity_lines": [ 10.540444, 10.566182, 10.571334, 10.628258 ] }, { "date": "2025-10-31", "close": 10.546667, "volume": 13360, "typical_volume": 6776.85, "trend": 10.766, "fair_value": 10.807728, "relative_strength": -16.519764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.629253, "energy": 21.241247, "activity_lines": [ 10.531111, 10.561091, 10.568222, 10.612 ] }, { "date": "2025-11-07", "close": 11.62, "volume": 33707, "typical_volume": 8293.45, "trend": 10.769111, "fair_value": 10.82268, "relative_strength": -6.426227, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.521398, "energy": 34.353385, "activity_lines": [ 10.882667, 10.755394, 10.668222, 10.667097 ] }, { "date": "2025-11-14", "close": 10.966667, "volume": 9347, "typical_volume": 8343.15, "trend": 10.738, "fair_value": 10.832956, "relative_strength": -12.653351, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.577631, "energy": 34.438683, "activity_lines": [ 10.957334, 10.808, 10.700889, 10.679843 ] }, { "date": "2025-11-21", "close": 10.826667, "volume": 6365, "typical_volume": 8567.7, "trend": 10.716222, "fair_value": 10.842578, "relative_strength": -10.818136, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.408735, "energy": 33.957798, "activity_lines": [ 10.963556, 10.824121, 10.718667, 10.685563 ] }, { "date": "2025-11-28", "close": 11.2, "volume": 4490, "typical_volume": 8410.9, "trend": 10.692889, "fair_value": 10.855814, "relative_strength": -9.948112, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.515255, "energy": 55.013067, "activity_lines": [ 11.066222, 10.907273, 10.77, 10.716774 ] }, { "date": "2025-12-05", "close": 11.013333, "volume": 8350, "typical_volume": 8724.05, "trend": 10.685111, "fair_value": 10.866145, "relative_strength": -12.581295, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.707705, "energy": 36.891309, "activity_lines": [ 11.06, 10.945455, 10.800889, 10.737448 ] }, { "date": "2025-12-12", "close": 11.06, "volume": 11200, "typical_volume": 9092.9, "trend": 10.691334, "fair_value": 10.870919, "relative_strength": -11.616232, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.082856, "energy": 29.294518, "activity_lines": [ 11.038222, 10.984485, 10.833778, 10.761635 ] }, { "date": "2025-12-19", "close": 11.246667, "volume": 9602, "typical_volume": 9380.9, "trend": 10.708445, "fair_value": 10.877134, "relative_strength": -11.09501, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.423902, "energy": 37.227991, "activity_lines": [ 11.116, 11.051515, 10.882667, 10.797463 ] }, { "date": "2025-12-26", "close": 11.106667, "volume": 5246, "typical_volume": 9462.05, "trend": 10.720889, "fair_value": 10.884159, "relative_strength": -12.417572, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.047042, "energy": 28.77815, "activity_lines": [ 11.128445, 11.082061, 10.915556, 10.823154 ] }, { "date": "2026-01-02", "close": 10.966667, "volume": 10753, "typical_volume": 9719.2, "trend": 10.738, "fair_value": 10.891263, "relative_strength": -14.740712, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.407473, "energy": 25.971502, "activity_lines": [ 11.075556, 11.074424, 10.932222, 10.839011 ] }, { "date": "2026-01-09", "close": 10.92, "volume": 8316, "typical_volume": 9846.8, "trend": 10.744222, "fair_value": 10.897824, "relative_strength": -15.630435, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.843806, "energy": 19.248483, "activity_lines": [ 11.022667, 11.049818, 10.942222, 10.850753 ] }, { "date": "2026-01-16", "close": 10.826667, "volume": 6315, "typical_volume": 9807.55, "trend": 10.753556, "fair_value": 10.903054, "relative_strength": -17.639555, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.767982, "energy": 13.834062, "activity_lines": [ 10.944889, 11.001455, 10.942667, 10.856072 ] }, { "date": "2026-01-23", "close": 10.639999, "volume": 9683, "typical_volume": 9763.9, "trend": 10.753556, "fair_value": 10.90782, "relative_strength": -17.874752, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.718747, "energy": 12.786597, "activity_lines": [ 10.820444, 10.933576, 10.923111, 10.848746 ] }, { "date": "2026-01-30", "close": 10.639999, "volume": 3112, "typical_volume": 9555.0, "trend": 10.761333, "fair_value": 10.910634, "relative_strength": -16.81772, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.334502, "energy": 15.524376, "activity_lines": [ 10.736444, 10.871636, 10.902222, 10.841419 ] }, { "date": "2026-02-06", "close": 10.733334, "volume": 2587, "typical_volume": 9355.45, "trend": 10.764445, "fair_value": 10.915022, "relative_strength": -17.42025, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.026716, "energy": 17.48603, "activity_lines": [ 10.714666, 10.830061, 10.890889, 10.839613 ] }, { "date": "2026-02-13", "close": 11.666667, "volume": 14180, "typical_volume": 9679.9, "trend": 10.803334, "fair_value": 10.923929, "relative_strength": -10.100094, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.813642, "energy": 20.989373, "activity_lines": [ 11.019556, 10.966667, 10.967778, 10.897821 ] }, { "date": "2026-02-20", "close": 12.133333, "volume": 21020, "typical_volume": 10454.2, "trend": 10.851556, "fair_value": 10.935584, "relative_strength": -8.86334, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.551451, "energy": 65.352419, "activity_lines": [ 11.430222, 11.176242, 11.084, 10.983627 ] }, { "date": "2026-02-27", "close": 12.04, "volume": 17922, "typical_volume": 10665.1, "trend": 10.896667, "fair_value": 10.93932, "relative_strength": -9.736267, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.124427, "energy": 75.329948, "activity_lines": [ 11.722667, 11.349333, 11.184667, 11.060301 ] }, { "date": "2026-03-06", "close": 11.946667, "volume": 13004, "typical_volume": 11022.0, "trend": 10.944889, "fair_value": 10.942946, "relative_strength": -7.11886, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.584664, "energy": 76.473378, "activity_lines": [ 11.890667, 11.49103, 11.269778, 11.128043 ] }, { "date": "2026-03-13", "close": 11.853333, "volume": 9241, "typical_volume": 10890.0, "trend": 10.99, "fair_value": 10.944998, "relative_strength": -7.936687, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.113779, "energy": 75.017131, "activity_lines": [ 11.940444, 11.600485, 11.338667, 11.186652 ] }, { "date": "2026-03-20", "close": 11.713333, "volume": 4391, "typical_volume": 10441.55, "trend": 11.021111, "fair_value": 10.946884, "relative_strength": -6.470015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.000508, "energy": 62.353773, "activity_lines": [ 11.868889, 11.668364, 11.387778, 11.233319 ] }, { "date": "2026-03-27", "close": 11.666667, "volume": 9457, "typical_volume": 9229.05, "trend": 11.064667, "fair_value": 10.940419, "relative_strength": -5.180749, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.879724, "energy": 39.309056, "activity_lines": [ 11.778667, 11.713333, 11.426889, 11.274968 ] }, { "date": "2026-04-03", "close": 11.853333, "volume": 9897, "typical_volume": 9256.55, "trend": 11.114445, "fair_value": 10.937591, "relative_strength": -6.541924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.962089, "energy": 35.266996, "activity_lines": [ 11.781778, 11.77697, 11.483556, 11.325849 ] }, { "date": "2026-04-10", "close": 12.88, "volume": 27608, "typical_volume": 10318.7, "trend": 11.184445, "fair_value": 10.93988, "relative_strength": -1.350913, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.885848, "energy": 51.981232, "activity_lines": [ 12.139555, 12.005212, 11.633778, 11.439756 ] }, { "date": "2026-04-17", "close": 13.206666, "volume": 16227, "typical_volume": 10905.55, "trend": 11.271556, "fair_value": 10.945483, "relative_strength": 0.21637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.143049, "energy": 73.110436, "activity_lines": [ 12.544, 12.252121, 11.805333, 11.570222 ] }, { "date": "2026-04-24", "close": 13.953333, "volume": 50542, "typical_volume": 13015.15, "trend": 11.383556, "fair_value": 10.959289, "relative_strength": 7.346648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.349998, "energy": 90.713194, "activity_lines": [ 13.107111, 12.589818, 12.038444, 11.74324 ] }, { "date": "2026-05-01", "close": 13.6, "volume": 51553, "typical_volume": 15032.8, "trend": 11.479111, "fair_value": 10.966938, "relative_strength": 3.42388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.10116, "energy": 85.79941, "activity_lines": [ 13.403111, 12.821697, 12.223905, 11.886236 ] }, { "date": "2026-05-08", "close": 13.1, "volume": 21208, "typical_volume": 15613.1, "trend": 11.561111, "fair_value": 10.972408, "relative_strength": 1.332346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.828104, "energy": 76.298959, "activity_lines": [ 13.403555, 12.936, 12.349651, 11.99081 ] }, { "date": "2026-05-15", "close": 12.4, "volume": 9276, "typical_volume": 15814.6, "trend": 11.627556, "fair_value": 10.976982, "relative_strength": -4.288719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.28056, "energy": 52.344381, "activity_lines": [ 13.087555, 12.903757, 12.399905, 12.044932 ] }, { "date": "2026-05-22", "close": 12.35, "volume": 7642, "typical_volume": 15659.05, "trend": 11.689222, "fair_value": 10.983802, "relative_strength": -7.554384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.754228, "energy": 31.583974, "activity_lines": [ 12.786889, 12.854182, 12.439238, 12.091541 ] }, { "date": "2026-05-29", "close": 12.85, "volume": 9257, "typical_volume": 15706.1, "trend": 11.766, "fair_value": 10.995622, "relative_strength": -3.225717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.344967, "energy": 22.056999, "activity_lines": [ 12.71, 12.886485, 12.519603, 12.16643 ] }, { "date": "2026-06-05", "close": 12.6, "volume": 1429, "typical_volume": 15461.8, "trend": 11.798667, "fair_value": 11.010458, "relative_strength": -4.934971, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.688496, "energy": 23.113482, "activity_lines": [ 12.623333, 12.852667, 12.566968, 12.220236 ] }, { "date": "2026-06-12", "close": 12.25, "volume": 469, "typical_volume": 15001.1, "trend": 11.841444, "fair_value": 11.024076, "relative_strength": -5.341467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.737895, "energy": 19.799631, "activity_lines": [ 12.486667, 12.738242, 12.572555, 12.249355 ] }, { "date": "2026-06-19", "close": 12.35, "volume": 9286, "typical_volume": 15309.8, "trend": 11.892222, "fair_value": 11.036027, "relative_strength": -2.802586, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.29624, "energy": 15.908237, "activity_lines": [ 12.44, 12.634788, 12.58, 12.282165 ] }, { "date": "2026-06-26", "close": 12.1, "volume": 709, "typical_volume": 15215.9, "trend": 11.922222, "fair_value": 11.048427, "relative_strength": -3.078652, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.492193, "energy": 11.340172, "activity_lines": [ 12.313333, 12.495515, 12.555492, 12.29557 ] }, { "date": "2026-07-03", "close": 12.4, "volume": 34912, "typical_volume": 16252.5, "trend": 11.968444, "fair_value": 11.063007, "relative_strength": -2.477923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.072806, "energy": 13.13197, "activity_lines": [ 12.303333, 12.430909, 12.553048, 12.326394 ] }, { "date": "2026-07-10", "close": 12.3, "volume": 1491, "typical_volume": 15276.05, "trend": 12.009778, "fair_value": 11.076433, "relative_strength": -1.619077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.508494, "energy": 12.155171, "activity_lines": [ 12.29, 12.376364, 12.537587, 12.347785 ] }, { "date": "2026-07-17", "close": 12.05, "volume": 2552, "typical_volume": 14507.55, "trend": 12.036555, "fair_value": 11.08877, "relative_strength": -3.402187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.856503, "energy": 10.500329, "activity_lines": [ 12.213333, 12.3, 12.497524, 12.35038 ] }, { "date": "2026-07-24", "close": 12.0, "volume": 4394, "typical_volume": 14077.05, "trend": 12.066333, "fair_value": 11.101555, "relative_strength": -3.992446, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.722025, "energy": 16.898207, "activity_lines": [ 12.133333, 12.233636, 12.452651, 12.348021 ] }, { "date": "2026-07-31", "close": 12.25, "volume": 1351, "typical_volume": 13682.55, "trend": 12.109111, "fair_value": 11.113121, "relative_strength": -2.060261, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.038068, "energy": 18.681588, "activity_lines": [ 12.16, 12.22, 12.431333, 12.359871 ] }, { "date": "2026-08-07", "close": 12.45, "volume": 2190, "typical_volume": 13572.5, "trend": 12.160111, "fair_value": 11.125456, "relative_strength": -0.623195, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 10.634182, "energy": 11.080326, "activity_lines": [ 12.243333, 12.244545, 12.427175, 12.381864 ] }, { "date": "2026-08-14", "close": 12.45, "volume": 660, "typical_volume": 13132.65, "trend": 12.214222, "fair_value": 11.140357, "relative_strength": -2.183675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.990468, "energy": 12.210203, "activity_lines": [ 12.323333, 12.276364, 12.419508, 12.400566 ] }, { "date": "2026-08-21", "close": 12.35, "volume": 5348, "typical_volume": 12905.2, "trend": 12.271222, "fair_value": 11.155386, "relative_strength": -3.668508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.306931, "energy": 12.807289, "activity_lines": [ 12.36, 12.292727, 12.398587, 12.409326 ] }, { "date": "2026-08-28", "close": 12.35, "volume": 4637, "typical_volume": 11756.65, "trend": 12.328222, "fair_value": 11.171441, "relative_strength": -5.042898, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.655835, "energy": 8.306827, "activity_lines": [ 12.376667, 12.307273, 12.375302, 12.414409 ] }, { "date": "2026-09-04", "close": 12.2, "volume": 5011, "typical_volume": 11195.85, "trend": 12.377111, "fair_value": 11.185765, "relative_strength": -5.155442, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.287713, "energy": 5.68482, "activity_lines": [ 12.32, 12.294545, 12.340254, 12.406136 ] }, { "date": "2026-09-11", "close": 12.3, "volume": 5402, "typical_volume": 8938.85, "trend": 12.398222, "fair_value": 11.199704, "relative_strength": -5.400857, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.228815, "energy": 4.852713, "activity_lines": [ 12.3, 12.298182, 12.319524, 12.401161 ] }, { "date": "2026-09-18", "close": 12.25, "volume": 6326, "typical_volume": 6677.5, "trend": 12.402111, "fair_value": 11.213066, "relative_strength": -5.819989, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.775887, "energy": 25.243736, "activity_lines": [ 12.273333, 12.294545, 12.301905, 12.391599 ] } ], "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." } } }