{ "ticker": { "uuid": "8446940b-535f-4289-a98a-a6fb5d9dd6a9", "symbol": "AU", "name": "After You 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 8.817, "architecture_energy": 7.506, "architecture_maturity": 22.146, "architecture_confidence": 43.943, "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": 65.77, "rotation_up": 26.13, "upward_expansion": 32.6, "deceleration": 66.41, "rotation_down": 31.61, "downward_expansion": 18.94 }, "activity_lines": [ 4.673333, 4.697091, 4.642256, 4.638695 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 4.64, "trend_reference": 4.66417, "distance_from_trend": -0.005182, "trend_direction": "Improving", "fair_value": 7.096882, "distance_from_fair_value": -0.346192, "fair_value_direction": "Improving", "relative_strength": -17.439258, "relative_strength_direction": "Improving", "price_momentum": -0.019865, "excess_performance": -0.21219, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005182, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.021241, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.346192, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.055619, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.174393, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.108051, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.019865, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.964156, "read": "Supply-led" } ], "volume": { "latest": 786400, "relative_activity": 0.484835, "balance": 0.964156, "dry_up": 1.258712, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.028183, "annualized_volatility": 0.260199, "from_high_reference": -0.284573, "from_low_reference": 0.150393 }, "levels": { "trend_reference": 4.66417, "fair_value_reference": 7.096882, "structural_low": 4.3, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.016129, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.020346, "regime_survival": 0.428571, "best_return": 0.079096, "worst_return": -0.20258, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.091346, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.026848, "regime_survival": 0.222222, "best_return": 0.242938, "worst_return": -0.306739, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.082524, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.067992, "regime_survival": 0.0, "best_return": 0.056506, "worst_return": -0.371228, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.173335, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.072351, "regime_survival": 0.0, "best_return": -0.068627, "worst_return": -0.261651, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-08-16", "tenure": "Developing", "return": 0.12, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": 0.039548, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-10-04", "tenure": "Developing", "return": 0.064865, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-01-31", "tenure": "Established", "return": -0.074257, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": 0.068182, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": 0.026178, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": -0.161638, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-23", "end": "2026-02-06", "tenure": "Extended", "return": -0.285714, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-04-24", "tenure": "Developing", "return": -0.113208, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.002247, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": 0.077626, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.025862, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": -0.021097, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.275722, "volume": 2600000, "typical_volume": 6766870.0, "trend": 9.456587, "fair_value": 9.13362, "relative_strength": 1.919779, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.29972, "energy": 19.518237, "activity_lines": [ 9.269775, 9.093288, 9.060539, 9.189427 ] }, { "date": "2023-08-25", "close": 9.275722, "volume": 7118300, "typical_volume": 6855310.0, "trend": 9.411089, "fair_value": 9.13647, "relative_strength": -1.004963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.677551, "energy": 19.730671, "activity_lines": [ 9.299506, 9.146802, 9.073316, 9.177758 ] }, { "date": "2023-09-01", "close": 9.632481, "volume": 8515600, "typical_volume": 7184755.0, "trend": 9.374552, "fair_value": 9.143289, "relative_strength": 2.524272, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.72902, "energy": 30.873697, "activity_lines": [ 9.424371, 9.258695, 9.121545, 9.192041 ] }, { "date": "2023-09-08", "close": 9.54329, "volume": 6003800, "typical_volume": 6593140.0, "trend": 9.340905, "fair_value": 9.151497, "relative_strength": 2.272178, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.09508, "energy": 36.963731, "activity_lines": [ 9.477885, 9.340587, 9.161055, 9.202927 ] }, { "date": "2023-09-15", "close": 9.54329, "volume": 5313200, "typical_volume": 6336450.0, "trend": 9.31312, "fair_value": 9.158584, "relative_strength": 2.494265, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.460875, "energy": 33.567021, "activity_lines": [ 9.507615, 9.405452, 9.201184, 9.215985 ] }, { "date": "2023-09-22", "close": 9.186531, "volume": 10824100, "typical_volume": 6668215.0, "trend": 9.279305, "fair_value": 9.164226, "relative_strength": -0.12819, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.057151, "energy": 17.44275, "activity_lines": [ 9.418425, 9.385992, 9.206281, 9.207818 ] }, { "date": "2023-09-29", "close": 9.186531, "volume": 5801500, "typical_volume": 6378480.0, "trend": 9.260148, "fair_value": 9.172109, "relative_strength": 3.165319, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 7.025053, "energy": 7.738884, "activity_lines": [ 9.335181, 9.363289, 9.212439, 9.201832 ] }, { "date": "2023-10-06", "close": 8.918962, "volume": 7210100, "typical_volume": 6207385.0, "trend": 9.223277, "fair_value": 9.176035, "relative_strength": 2.395742, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.471191, "energy": 13.65194, "activity_lines": [ 9.168693, 9.287072, 9.194813, 9.17982 ] }, { "date": "2023-10-13", "close": 8.829773, "volume": 1898400, "typical_volume": 5625440.0, "trend": 9.19809, "fair_value": 9.178829, "relative_strength": 0.422064, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.534883, "energy": 31.505374, "activity_lines": [ 9.020044, 9.196261, 9.169118, 9.154433 ] }, { "date": "2023-10-20", "close": 8.428419, "volume": 2650000, "typical_volume": 5301825.0, "trend": 9.159525, "fair_value": 9.182693, "relative_strength": -0.673719, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.4651, "energy": 57.347007, "activity_lines": [ 8.785178, 9.038963, 9.106048, 9.104777 ] }, { "date": "2023-10-27", "close": 8.294635, "volume": 2952300, "typical_volume": 5081195.0, "trend": 9.122362, "fair_value": 9.186821, "relative_strength": -1.383817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.312992, "energy": 71.831602, "activity_lines": [ 8.580042, 8.877611, 9.032361, 9.048977 ] }, { "date": "2023-11-03", "close": 8.428419, "volume": 2084100, "typical_volume": 5073075.0, "trend": 9.083797, "fair_value": 9.190965, "relative_strength": -1.964583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.462943, "energy": 71.044381, "activity_lines": [ 8.47896, 8.758421, 8.974812, 9.004207 ] }, { "date": "2023-11-10", "close": 8.473015, "volume": 1455200, "typical_volume": 4912795.0, "trend": 9.046718, "fair_value": 9.194275, "relative_strength": 0.651954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.895304, "energy": 68.730547, "activity_lines": [ 8.443284, 8.662745, 8.923847, 8.964801 ] }, { "date": "2023-11-17", "close": 8.428419, "volume": 3084600, "typical_volume": 4483505.0, "trend": 9.005221, "fair_value": 9.194496, "relative_strength": -1.79053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.780119, "energy": 60.777216, "activity_lines": [ 8.422473, 8.580042, 8.870545, 8.924911 ] }, { "date": "2023-11-24", "close": 8.294635, "volume": 3715900, "typical_volume": 4335685.0, "trend": 8.97099, "fair_value": 9.193019, "relative_strength": -2.087036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.548808, "energy": 51.704461, "activity_lines": [ 8.383825, 8.493285, 8.805352, 8.879067 ] }, { "date": "2023-12-01", "close": 8.116256, "volume": 4116500, "typical_volume": 4241060.0, "trend": 8.927882, "fair_value": 9.190678, "relative_strength": -2.967567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.701975, "energy": 57.96313, "activity_lines": [ 8.294635, 8.396798, 8.724019, 8.823923 ] }, { "date": "2023-12-08", "close": 8.205446, "volume": 531000, "typical_volume": 4164825.0, "trend": 8.883287, "fair_value": 9.184986, "relative_strength": -1.943983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.74842, "energy": 58.503967, "activity_lines": [ 8.247067, 8.335987, 8.655428, 8.777314 ] }, { "date": "2023-12-15", "close": 8.027067, "volume": 2082200, "typical_volume": 4190600.0, "trend": 8.850584, "fair_value": 9.176469, "relative_strength": -4.72265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.532501, "energy": 65.71912, "activity_lines": [ 8.154905, 8.260581, 8.573247, 8.722074 ] }, { "date": "2023-12-22", "close": 8.294635, "volume": 2514900, "typical_volume": 4191565.0, "trend": 8.8268, "fair_value": 9.168546, "relative_strength": -2.524924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.00535, "energy": 57.859813, "activity_lines": [ 8.181662, 8.25004, 8.521219, 8.686206 ] }, { "date": "2023-12-29", "close": 8.205446, "volume": 1171200, "typical_volume": 4082145.0, "trend": 8.804503, "fair_value": 9.161172, "relative_strength": -4.241252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.412685, "energy": 45.017694, "activity_lines": [ 8.187608, 8.233013, 8.464945, 8.646119 ] }, { "date": "2024-01-05", "close": 8.428419, "volume": 1687900, "typical_volume": 4036540.0, "trend": 8.785178, "fair_value": 9.156909, "relative_strength": -2.283216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.511114, "energy": 33.514926, "activity_lines": [ 8.273824, 8.260581, 8.436277, 8.621856 ] }, { "date": "2024-01-12", "close": 8.606798, "volume": 6712200, "typical_volume": 4016235.0, "trend": 8.774773, "fair_value": 9.154911, "relative_strength": 0.930505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.280924, "energy": 20.457839, "activity_lines": [ 8.398689, 8.318149, 8.428632, 8.610347 ] }, { "date": "2024-01-19", "close": 8.25004, "volume": 2377600, "typical_volume": 3709335.0, "trend": 8.753962, "fair_value": 9.151186, "relative_strength": -0.897133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.765152, "energy": 20.665914, "activity_lines": [ 8.377878, 8.307608, 8.390195, 8.576494 ] }, { "date": "2024-01-26", "close": 8.339231, "volume": 1601300, "typical_volume": 3489210.0, "trend": 8.745043, "fair_value": 9.148593, "relative_strength": 1.301251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.378581, "energy": 19.606889, "activity_lines": [ 8.371933, 8.317338, 8.366836, 8.549737 ] }, { "date": "2024-02-02", "close": 7.759498, "volume": 10109600, "typical_volume": 3729030.0, "trend": 8.721259, "fair_value": 9.142285, "relative_strength": -6.602608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.990266, "energy": 41.801519, "activity_lines": [ 8.16977, 8.223284, 8.293998, 8.486153 ] }, { "date": "2024-02-09", "close": 7.848688, "volume": 5210000, "typical_volume": 3448325.0, "trend": 8.68261, "fair_value": 9.135426, "relative_strength": -5.613411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.998567, "energy": 62.710552, "activity_lines": [ 8.027067, 8.155175, 8.238149, 8.429858 ] }, { "date": "2024-02-16", "close": 7.625713, "volume": 3269200, "typical_volume": 3321710.0, "trend": 8.639502, "fair_value": 9.1277, "relative_strength": -7.924827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.891202, "energy": 76.5925, "activity_lines": [ 7.848688, 8.051391, 8.167434, 8.361671 ] }, { "date": "2024-02-23", "close": 7.848688, "volume": 3020800, "typical_volume": 3112245.0, "trend": 8.600853, "fair_value": 9.11972, "relative_strength": -5.84643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.579952, "energy": 72.957362, "activity_lines": [ 7.810039, 7.998688, 8.125387, 8.310651 ] }, { "date": "2024-03-01", "close": 7.670308, "volume": 10754400, "typical_volume": 3555045.0, "trend": 8.550312, "fair_value": 9.103312, "relative_strength": -5.777725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.492956, "energy": 70.673232, "activity_lines": [ 7.738687, 7.916796, 8.071449, 8.250616 ] }, { "date": "2024-03-08", "close": 8.071662, "volume": 4827500, "typical_volume": 3663920.0, "trend": 8.501258, "fair_value": 9.086673, "relative_strength": -2.065493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.249487, "energy": 41.59855, "activity_lines": [ 7.845715, 7.919228, 8.061256, 8.219735 ] }, { "date": "2024-03-15", "close": 8.294635, "volume": 10596900, "typical_volume": 4046150.0, "trend": 8.468555, "fair_value": 9.072024, "relative_strength": 0.71491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.30497, "energy": 19.335782, "activity_lines": [ 8.006256, 7.964634, 8.073997, 8.206405 ] }, { "date": "2024-03-22", "close": 8.562204, "volume": 6258400, "typical_volume": 4254865.0, "trend": 8.444771, "fair_value": 9.062453, "relative_strength": 4.280005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.738056, "energy": 12.305482, "activity_lines": [ 8.226257, 8.061121, 8.112221, 8.212447 ] }, { "date": "2024-03-29", "close": 8.294635, "volume": 1869300, "typical_volume": 4275570.0, "trend": 8.400176, "fair_value": 9.048926, "relative_strength": 1.19218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.75727, "energy": 21.337641, "activity_lines": [ 8.294635, 8.10977, 8.124326, 8.20276 ] }, { "date": "2024-04-05", "close": 8.428419, "volume": 2221400, "typical_volume": 4232410.0, "trend": 8.363014, "fair_value": 9.04186, "relative_strength": 2.984333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.396809, "energy": 22.602142, "activity_lines": [ 8.377879, 8.181932, 8.150021, 8.204583 ] }, { "date": "2024-04-12", "close": 8.339231, "volume": 2375500, "typical_volume": 4165390.0, "trend": 8.322879, "fair_value": 9.037026, "relative_strength": 0.391838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.35759, "energy": 20.811266, "activity_lines": [ 8.380852, 8.236257, 8.167222, 8.203048 ] }, { "date": "2024-04-19", "close": 8.25004, "volume": 419400, "typical_volume": 3980535.0, "trend": 8.291662, "fair_value": 9.03274, "relative_strength": 4.116958, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.763683, "energy": 14.669036, "activity_lines": [ 8.336257, 8.263824, 8.175716, 8.198349 ] }, { "date": "2024-04-26", "close": 8.160851, "volume": 3200900, "typical_volume": 4114030.0, "trend": 8.257473, "fair_value": 9.026202, "relative_strength": 0.912516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.540569, "energy": 6.143461, "activity_lines": [ 8.264905, 8.267878, 8.175079, 8.189909 ] }, { "date": "2024-05-03", "close": 8.160851, "volume": 1291100, "typical_volume": 4074475.0, "trend": 8.232203, "fair_value": 9.019889, "relative_strength": 0.235566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.977539, "energy": 6.707924, "activity_lines": [ 8.220311, 8.262203, 8.174654, 8.183676 ] }, { "date": "2024-05-10", "close": 8.489476, "volume": 1564700, "typical_volume": 4026965.0, "trend": 8.220859, "fair_value": 9.017937, "relative_strength": 4.095841, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.187858, "energy": 8.780405, "activity_lines": [ 8.294177, 8.310601, 8.20489, 8.200274 ] }, { "date": "2024-05-17", "close": 8.124337, "volume": 15003300, "typical_volume": 4718570.0, "trend": 8.210723, "fair_value": 9.013645, "relative_strength": -1.135491, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.505327, "energy": 4.436253, "activity_lines": [ 8.242259, 8.277717, 8.199423, 8.194047 ] }, { "date": "2024-05-24", "close": 7.530987, "volume": 4109500, "typical_volume": 4839650.0, "trend": 8.185268, "fair_value": 9.003294, "relative_strength": -7.023685, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.19344, "energy": 37.964264, "activity_lines": [ 8.006884, 8.135993, 8.137832, 8.150193 ] }, { "date": "2024-05-31", "close": 7.165848, "volume": 6385200, "typical_volume": 4823300.0, "trend": 8.143183, "fair_value": 8.987221, "relative_strength": -10.157391, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -78.748907, "energy": 67.17529, "activity_lines": [ 7.697733, 7.941765, 8.04574, 8.084424 ] }, { "date": "2024-06-07", "close": 6.846352, "volume": 5121600, "typical_volume": 4960500.0, "trend": 8.088961, "fair_value": 8.969099, "relative_strength": -13.146239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.124822, "energy": 84.093326, "activity_lines": [ 7.348418, 7.714835, 7.930082, 8.000757 ] }, { "date": "2024-06-14", "close": 6.983279, "volume": 5892800, "typical_volume": 5175075.0, "trend": 8.040789, "fair_value": 8.946782, "relative_strength": -9.523805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.516167, "energy": 85.098618, "activity_lines": [ 7.132377, 7.539133, 7.834148, 7.929423 ] }, { "date": "2024-06-21", "close": 6.298644, "volume": 5615500, "typical_volume": 4950370.0, "trend": 7.974256, "fair_value": 8.927968, "relative_strength": -18.098505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.859211, "energy": 95.005306, "activity_lines": [ 6.788538, 7.265227, 7.679468, 7.817027 ] }, { "date": "2024-06-28", "close": 7.120206, "volume": 6881200, "typical_volume": 5033930.0, "trend": 7.941054, "fair_value": 8.91442, "relative_strength": -6.950942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.671919, "energy": 81.854136, "activity_lines": [ 6.840266, 7.177798, 7.609988, 7.761927 ] }, { "date": "2024-07-05", "close": 7.39406, "volume": 7719200, "typical_volume": 5256430.0, "trend": 7.914008, "fair_value": 8.904319, "relative_strength": -4.169178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.947062, "energy": 50.854426, "activity_lines": [ 7.010664, 7.160703, 7.570059, 7.726637 ] }, { "date": "2024-07-12", "close": 7.439702, "volume": 2769000, "typical_volume": 5243840.0, "trend": 7.894429, "fair_value": 8.893947, "relative_strength": -4.920382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.405145, "energy": 36.503938, "activity_lines": [ 7.181062, 7.165848, 7.53558, 7.696036 ] }, { "date": "2024-07-19", "close": 7.21149, "volume": 5671900, "typical_volume": 4989715.0, "trend": 7.858325, "fair_value": 8.882676, "relative_strength": -6.685252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.651966, "energy": 22.294001, "activity_lines": [ 7.235833, 7.142612, 7.481313, 7.651976 ] }, { "date": "2024-07-26", "close": 7.21149, "volume": 2655100, "typical_volume": 4881095.0, "trend": 7.825193, "fair_value": 8.873377, "relative_strength": -5.877571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.38409, "energy": 20.831352, "activity_lines": [ 7.275389, 7.142612, 7.429232, 7.610244 ] }, { "date": "2024-08-02", "close": 7.257133, "volume": 1036600, "typical_volume": 4403080.0, "trend": 7.78615, "fair_value": 8.865781, "relative_strength": -5.557887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.835182, "energy": 19.354011, "activity_lines": [ 7.269304, 7.167508, 7.385593, 7.573595 ] }, { "date": "2024-08-09", "close": 6.846352, "volume": 3293700, "typical_volume": 4254845.0, "trend": 7.727468, "fair_value": 8.854706, "relative_strength": -9.525002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.787567, "energy": 32.869358, "activity_lines": [ 7.117163, 7.122695, 7.307773, 7.512963 ] }, { "date": "2024-08-16", "close": 7.667913, "volume": 14849900, "typical_volume": 4903875.0, "trend": 7.708064, "fair_value": 8.845797, "relative_strength": 0.944405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.400594, "energy": 15.204983, "activity_lines": [ 7.275389, 7.233067, 7.316368, 7.509121 ] }, { "date": "2024-08-23", "close": 8.078694, "volume": 6878000, "typical_volume": 5136705.0, "trend": 7.69938, "fair_value": 8.838393, "relative_strength": 2.27464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.304931, "energy": 9.027579, "activity_lines": [ 7.555329, 7.403188, 7.367069, 7.533033 ] }, { "date": "2024-08-30", "close": 8.39819, "volume": 10622800, "typical_volume": 5549070.0, "trend": 7.720669, "fair_value": 8.831347, "relative_strength": 5.987105, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.841863, "energy": 30.538261, "activity_lines": [ 7.883953, 7.611483, 7.449864, 7.578117 ] }, { "date": "2024-09-06", "close": 8.443833, "volume": 10160000, "typical_volume": 6036100.0, "trend": 7.740507, "fair_value": 8.826848, "relative_strength": 1.52982, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.869687, "energy": 52.382881, "activity_lines": [ 8.148679, 7.789903, 7.536724, 7.624773 ] }, { "date": "2024-09-13", "close": 8.535119, "volume": 7165900, "typical_volume": 6234350.0, "trend": 7.770821, "fair_value": 8.823498, "relative_strength": 2.928441, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.889721, "energy": 61.094324, "activity_lines": [ 8.36472, 7.960854, 7.631356, 7.676038 ] }, { "date": "2024-09-20", "close": 8.717688, "volume": 9043900, "typical_volume": 6621990.0, "trend": 7.799788, "fair_value": 8.821881, "relative_strength": 3.162718, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.107447, "energy": 69.271549, "activity_lines": [ 8.529033, 8.144254, 7.741593, 7.737126 ] }, { "date": "2024-09-27", "close": 8.76333, "volume": 9506300, "typical_volume": 7019070.0, "trend": 7.836222, "fair_value": 8.820558, "relative_strength": 3.881667, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.188844, "energy": 69.014264, "activity_lines": [ 8.638574, 8.312715, 7.853526, 7.79929 ] }, { "date": "2024-10-04", "close": 8.991542, "volume": 29125300, "typical_volume": 7725170.0, "trend": 7.866884, "fair_value": 8.819006, "relative_strength": 7.01338, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.273904, "energy": 80.122436, "activity_lines": [ 8.778544, 8.494455, 7.985889, 7.873827 ] }, { "date": "2024-10-11", "close": 9.219753, "volume": 16922500, "typical_volume": 8365820.0, "trend": 7.897722, "fair_value": 8.818353, "relative_strength": 7.734043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.29745, "energy": 81.249167, "activity_lines": [ 8.955028, 8.685323, 8.135856, 7.961109 ] }, { "date": "2024-10-18", "close": 9.219753, "volume": 8388800, "typical_volume": 8466000.0, "trend": 7.91964, "fair_value": 8.818828, "relative_strength": 6.249967, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.38967, "energy": 79.010113, "activity_lines": [ 9.079783, 8.840507, 8.277782, 8.046401 ] }, { "date": "2024-10-25", "close": 9.402323, "volume": 10505900, "typical_volume": 8735215.0, "trend": 7.956563, "fair_value": 8.821037, "relative_strength": 10.145001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.398773, "energy": 79.268008, "activity_lines": [ 9.219753, 8.985733, 8.427315, 8.142058 ] }, { "date": "2024-11-01", "close": 9.584892, "volume": 14365200, "typical_volume": 9158835.0, "trend": 7.995112, "fair_value": 8.823852, "relative_strength": 12.001056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.735556, "energy": 74.198869, "activity_lines": [ 9.374937, 9.132618, 8.582065, 8.247112 ] }, { "date": "2024-11-08", "close": 9.858747, "volume": 13137500, "typical_volume": 9534935.0, "trend": 8.045763, "fair_value": 8.826732, "relative_strength": 14.920724, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.672127, "energy": 74.917977, "activity_lines": [ 9.566635, 9.30191, 8.750507, 8.367346 ] }, { "date": "2024-11-15", "close": 9.584892, "volume": 24371700, "typical_volume": 10409460.0, "trend": 8.090258, "fair_value": 8.827293, "relative_strength": 13.180238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.81689, "energy": 67.011251, "activity_lines": [ 9.609235, 9.394854, 8.875914, 8.466645 ] }, { "date": "2024-11-22", "close": 10.041316, "volume": 10326800, "typical_volume": 10539840.0, "trend": 8.15294, "fair_value": 8.834161, "relative_strength": 17.879986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.335219, "energy": 68.278962, "activity_lines": [ 9.779633, 9.550038, 9.033054, 8.59252 ] }, { "date": "2024-11-29", "close": 10.041316, "volume": 7906700, "typical_volume": 10796725.0, "trend": 8.215622, "fair_value": 8.841594, "relative_strength": 18.980795, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.652224, "energy": 66.447015, "activity_lines": [ 9.89526, 9.677837, 9.177589, 8.71435 ] }, { "date": "2024-12-06", "close": 9.95003, "volume": 8233500, "typical_volume": 10924805.0, "trend": 8.264307, "fair_value": 8.849004, "relative_strength": 15.573705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.330821, "energy": 58.462977, "activity_lines": [ 9.93786, 9.764972, 9.30104, 8.826248 ] }, { "date": "2024-12-13", "close": 9.95003, "volume": 11603100, "typical_volume": 11372205.0, "trend": 8.325163, "fair_value": 8.856415, "relative_strength": 16.765014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.750736, "energy": 54.934645, "activity_lines": [ 9.956116, 9.830531, 9.411451, 8.935004 ] }, { "date": "2024-12-20", "close": 9.858747, "volume": 10250600, "typical_volume": 11832905.0, "trend": 8.402755, "fair_value": 8.863241, "relative_strength": 20.823501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.245187, "energy": 48.422318, "activity_lines": [ 9.93786, 9.862066, 9.500128, 9.033945 ] }, { "date": "2024-12-27", "close": 10.041316, "volume": 4951800, "typical_volume": 11915810.0, "trend": 8.498604, "fair_value": 8.871519, "relative_strength": 19.339792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.232366, "energy": 46.311616, "activity_lines": [ 9.962202, 9.915177, 9.593803, 9.139658 ] }, { "date": "2025-01-03", "close": 9.767461, "volume": 4552700, "typical_volume": 11400950.0, "trend": 8.595975, "fair_value": 8.876632, "relative_strength": 17.053428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.715165, "energy": 36.809749, "activity_lines": [ 9.89526, 9.903559, 9.646183, 9.22152 ] }, { "date": "2025-01-10", "close": 9.311038, "volume": 27054700, "typical_volume": 12409785.0, "trend": 8.673567, "fair_value": 8.877692, "relative_strength": 12.693494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.527039, "energy": 23.935021, "activity_lines": [ 9.694434, 9.802316, 9.645097, 9.267653 ] }, { "date": "2025-01-17", "close": 8.672046, "volume": 13399600, "typical_volume": 12548625.0, "trend": 8.75268, "fair_value": 8.87522, "relative_strength": 6.93104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.32597, "energy": 12.867068, "activity_lines": [ 9.32321, 9.589871, 9.577285, 9.267555 ] }, { "date": "2025-01-24", "close": 8.808971, "volume": 6304400, "typical_volume": 12355845.0, "trend": 8.808972, "fair_value": 8.874189, "relative_strength": 7.401204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -3.392537, "energy": 20.582571, "activity_lines": [ 9.082826, 9.423899, 9.52121, 9.271187 ] }, { "date": "2025-01-31", "close": 8.535119, "volume": 10535800, "typical_volume": 12524340.0, "trend": 8.847008, "fair_value": 8.870838, "relative_strength": 6.893928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -29.885643, "energy": 37.136005, "activity_lines": [ 8.821144, 9.222243, 9.437315, 9.253519 ] }, { "date": "2025-02-07", "close": 8.033052, "volume": 15953600, "typical_volume": 12869825.0, "trend": 8.866786, "fair_value": 8.864834, "relative_strength": 2.949654, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.434728, "energy": 60.215761, "activity_lines": [ 8.492519, 8.956687, 9.305604, 9.201006 ] }, { "date": "2025-02-14", "close": 7.713556, "volume": 13737100, "typical_volume": 13081365.0, "trend": 8.883521, "fair_value": 8.856781, "relative_strength": -0.545455, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.279693, "energy": 70.288579, "activity_lines": [ 8.173022, 8.669556, 9.146726, 9.126604 ] }, { "date": "2025-02-21", "close": 8.261264, "volume": 5797400, "typical_volume": 11914970.0, "trend": 8.918514, "fair_value": 8.853648, "relative_strength": 8.382145, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.413358, "energy": 66.602531, "activity_lines": [ 8.142594, 8.52267, 9.045008, 9.086458 ] }, { "date": "2025-02-28", "close": 8.39819, "volume": 9303900, "typical_volume": 11534040.0, "trend": 8.956549, "fair_value": 8.851111, "relative_strength": 13.579344, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.97865, "energy": 57.785832, "activity_lines": [ 8.185193, 8.431385, 8.959809, 9.052889 ] }, { "date": "2025-03-07", "close": 8.900257, "volume": 8768600, "typical_volume": 11553030.0, "trend": 9.025013, "fair_value": 8.853766, "relative_strength": 19.944456, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.597342, "energy": 30.272749, "activity_lines": [ 8.422533, 8.457941, 8.926338, 9.049257 ] }, { "date": "2025-03-14", "close": 8.58076, "volume": 7204500, "typical_volume": 11387960.0, "trend": 9.055441, "fair_value": 8.851836, "relative_strength": 17.93671, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -41.057314, "energy": 24.99183, "activity_lines": [ 8.529032, 8.447153, 8.86396, 9.020596 ] }, { "date": "2025-03-21", "close": 8.717688, "volume": 6076300, "typical_volume": 10973515.0, "trend": 9.076741, "fair_value": 8.85022, "relative_strength": 18.100939, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.840361, "energy": 21.261604, "activity_lines": [ 8.64466, 8.482837, 8.818535, 8.998805 ] }, { "date": "2025-03-28", "close": 8.9459, "volume": 6447900, "typical_volume": 10639035.0, "trend": 9.094998, "fair_value": 8.85063, "relative_strength": 21.744423, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.991631, "energy": 21.351416, "activity_lines": [ 8.769416, 8.570802, 8.798974, 8.990364 ] }, { "date": "2025-04-04", "close": 8.808971, "volume": 6627500, "typical_volume": 9751825.0, "trend": 9.107169, "fair_value": 8.849599, "relative_strength": 24.58146, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.275042, "energy": 18.012425, "activity_lines": [ 8.802886, 8.628892, 8.770719, 8.97191 ] }, { "date": "2025-04-11", "close": 8.58076, "volume": 4861000, "typical_volume": 9478535.0, "trend": 9.10869, "fair_value": 8.847669, "relative_strength": 20.382312, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.509476, "energy": 17.691935, "activity_lines": [ 8.732901, 8.645489, 8.724425, 8.937949 ] }, { "date": "2025-04-18", "close": 8.991542, "volume": 2035100, "typical_volume": 9184955.0, "trend": 9.117819, "fair_value": 8.846117, "relative_strength": 23.095482, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.592948, "energy": 11.345572, "activity_lines": [ 8.821143, 8.735944, 8.724208, 8.930391 ] }, { "date": "2025-04-25", "close": 8.443833, "volume": 6769900, "typical_volume": 9111775.0, "trend": 9.107169, "fair_value": 8.841618, "relative_strength": 14.349276, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.99736, "energy": 17.982997, "activity_lines": [ 8.69943, 8.709389, 8.676827, 8.886908 ] }, { "date": "2025-05-02", "close": 8.489476, "volume": 6091000, "typical_volume": 8836170.0, "trend": 9.090433, "fair_value": 8.839666, "relative_strength": 10.758235, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.425923, "energy": 20.664175, "activity_lines": [ 8.611189, 8.677854, 8.640965, 8.847056 ] }, { "date": "2025-05-09", "close": 8.521276, "volume": 4181300, "typical_volume": 8532705.0, "trend": 9.067151, "fair_value": 8.838482, "relative_strength": 9.794761, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.72112, "energy": 21.155768, "activity_lines": [ 8.563975, 8.647952, 8.615087, 8.810337 ] }, { "date": "2025-05-16", "close": 7.385107, "volume": 8698100, "typical_volume": 8720020.0, "trend": 9.005996, "fair_value": 8.829733, "relative_strength": -3.724085, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.993549, "energy": 63.373558, "activity_lines": [ 8.157218, 8.409236, 8.487371, 8.701818 ] }, { "date": "2025-05-23", "close": 6.62766, "volume": 7648700, "typical_volume": 8874820.0, "trend": 8.913507, "fair_value": 8.816129, "relative_strength": -12.203105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.677299, "energy": 81.165418, "activity_lines": [ 7.577689, 8.06035, 8.300166, 8.548377 ] }, { "date": "2025-05-30", "close": 6.769681, "volume": 3402800, "typical_volume": 7692225.0, "trend": 8.819667, "fair_value": 8.802589, "relative_strength": -8.356083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.324179, "energy": 86.044683, "activity_lines": [ 7.203093, 7.772797, 8.141438, 8.410065 ] }, { "date": "2025-06-06", "close": 6.769681, "volume": 1062200, "typical_volume": 7075355.0, "trend": 8.716698, "fair_value": 8.789613, "relative_strength": -7.554664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.071394, "energy": 88.458765, "activity_lines": [ 6.940107, 7.520663, 7.994812, 8.277808 ] }, { "date": "2025-06-13", "close": 6.532979, "volume": 2977500, "typical_volume": 6909010.0, "trend": 8.614967, "fair_value": 8.77822, "relative_strength": -9.823602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.895741, "energy": 90.314842, "activity_lines": [ 6.712873, 7.265059, 7.834701, 8.136923 ] }, { "date": "2025-06-20", "close": 6.248936, "volume": 2559100, "typical_volume": 6510175.0, "trend": 8.488555, "fair_value": 8.764443, "relative_strength": -9.57317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.332392, "energy": 90.560419, "activity_lines": [ 6.523511, 6.999193, 7.658377, 7.984276 ] }, { "date": "2025-06-27", "close": 5.680851, "volume": 7074400, "typical_volume": 6066215.0, "trend": 8.343206, "fair_value": 8.747306, "relative_strength": -18.862865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.096753, "energy": 93.734126, "activity_lines": [ 6.220532, 6.672436, 7.438837, 7.803134 ] }, { "date": "2025-07-04", "close": 6.106915, "volume": 4636100, "typical_volume": 5611165.0, "trend": 8.215102, "fair_value": 8.7329, "relative_strength": -15.653821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.577642, "energy": 83.251871, "activity_lines": [ 6.122695, 6.483339, 7.271074, 7.658857 ] }, { "date": "2025-07-11", "close": 6.012234, "volume": 2715400, "typical_volume": 5457065.0, "trend": 8.083842, "fair_value": 8.718169, "relative_strength": -16.994713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.976869, "energy": 79.591461, "activity_lines": [ 6.037482, 6.319517, 7.101946, 7.516736 ] }, { "date": "2025-07-18", "close": 6.675, "volume": 6213600, "typical_volume": 5302550.0, "trend": 7.977717, "fair_value": 8.707686, "relative_strength": -14.38551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.035285, "energy": 61.742182, "activity_lines": [ 6.223688, 6.321238, 7.006647, 7.425843 ] }, { "date": "2025-07-25", "close": 6.390957, "volume": 6160500, "typical_volume": 5172145.0, "trend": 7.856039, "fair_value": 8.695665, "relative_strength": -18.67618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.89736, "energy": 49.514513, "activity_lines": [ 6.305745, 6.304884, 6.892502, 7.323472 ] }, { "date": "2025-08-01", "close": 6.201596, "volume": 7251100, "typical_volume": 5174475.0, "trend": 7.737177, "fair_value": 8.681302, "relative_strength": -21.059549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.908709, "energy": 45.363423, "activity_lines": [ 6.315213, 6.272176, 6.772273, 7.216733 ] }, { "date": "2025-08-08", "close": 6.485638, "volume": 6916200, "typical_volume": 5216470.0, "trend": 7.642997, "fair_value": 8.666506, "relative_strength": -20.084933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.479981, "energy": 33.775321, "activity_lines": [ 6.384645, 6.298859, 6.690424, 7.135989 ] }, { "date": "2025-08-15", "close": 5.870213, "volume": 6459800, "typical_volume": 5217065.0, "trend": 7.549602, "fair_value": 8.648609, "relative_strength": -27.423231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.824258, "energy": 46.566104, "activity_lines": [ 6.223688, 6.21881, 6.560592, 7.021616 ] }, { "date": "2025-08-22", "close": 5.964894, "volume": 5792100, "typical_volume": 5175295.0, "trend": 7.4548, "fair_value": 8.632166, "relative_strength": -25.629782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.830488, "energy": 51.792085, "activity_lines": [ 6.103759, 6.172331, 6.454423, 6.919377 ] }, { "date": "2025-08-29", "close": 5.822873, "volume": 2398200, "typical_volume": 5052155.0, "trend": 7.364391, "fair_value": 8.611429, "relative_strength": -26.08871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.633889, "energy": 54.302088, "activity_lines": [ 5.98383, 6.110358, 6.348272, 6.814091 ] }, { "date": "2025-09-05", "close": 5.870213, "volume": 8359200, "typical_volume": 5368360.0, "trend": 7.292297, "fair_value": 8.59156, "relative_strength": -26.867457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.247544, "energy": 60.580722, "activity_lines": [ 5.917554, 6.064739, 6.259762, 6.717692 ] }, { "date": "2025-09-12", "close": 5.964894, "volume": 13935800, "typical_volume": 5726655.0, "trend": 7.234008, "fair_value": 8.568915, "relative_strength": -27.03811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.09443, "energy": 49.040027, "activity_lines": [ 5.904929, 6.032892, 6.195132, 6.632054 ] }, { "date": "2025-09-19", "close": 5.917553, "volume": 7523800, "typical_volume": 5798295.0, "trend": 7.155884, "fair_value": 8.545404, "relative_strength": -27.250752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.486743, "energy": 45.160944, "activity_lines": [ 5.911241, 5.99502, 6.137799, 6.547121 ] }, { "date": "2025-09-26", "close": 5.680851, "volume": 7847500, "typical_volume": 5981605.0, "trend": 7.065306, "fair_value": 8.523757, "relative_strength": -29.050139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.551886, "energy": 46.95166, "activity_lines": [ 5.835497, 5.915832, 6.07017, 6.451958 ] }, { "date": "2025-10-03", "close": 5.53883, "volume": 7392800, "typical_volume": 5916340.0, "trend": 6.953259, "fair_value": 8.498381, "relative_strength": -31.208321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.857088, "energy": 50.118369, "activity_lines": [ 5.731348, 5.828898, 6.002541, 6.353475 ] }, { "date": "2025-10-10", "close": 5.491489, "volume": 4522200, "typical_volume": 5760015.0, "trend": 6.850283, "fair_value": 8.475521, "relative_strength": -31.017691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.44674, "energy": 51.52658, "activity_lines": [ 5.630355, 5.748849, 5.939195, 6.259168 ] }, { "date": "2025-10-17", "close": 5.065425, "volume": 7887100, "typical_volume": 5984230.0, "trend": 6.728541, "fair_value": 8.448238, "relative_strength": -35.306863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.168192, "energy": 73.803821, "activity_lines": [ 5.412588, 5.604246, 5.840681, 6.144015 ] }, { "date": "2025-10-24", "close": 4.970745, "volume": 2696100, "typical_volume": 6065925.0, "trend": 6.596036, "fair_value": 8.415838, "relative_strength": -37.901368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.257684, "energy": 83.71346, "activity_lines": [ 5.223227, 5.46825, 5.741267, 6.030609 ] }, { "date": "2025-10-31", "close": 4.715106, "volume": 6594300, "typical_volume": 6246765.0, "trend": 6.459574, "fair_value": 8.382363, "relative_strength": -40.341934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.613535, "energy": 89.474802, "activity_lines": [ 5.011773, 5.302128, 5.626071, 5.909259 ] }, { "date": "2025-11-07", "close": 4.582553, "volume": 3688100, "typical_volume": 6303215.0, "trend": 6.3263, "fair_value": 8.349167, "relative_strength": -41.12291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.315521, "energy": 92.823222, "activity_lines": [ 4.820518, 5.134628, 5.506909, 5.788161 ] }, { "date": "2025-11-14", "close": 4.355319, "volume": 3565500, "typical_volume": 6127770.0, "trend": 6.171759, "fair_value": 8.317332, "relative_strength": -41.958637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.708544, "energy": 94.128603, "activity_lines": [ 4.617269, 4.948365, 5.37404, 5.661001 ] }, { "date": "2025-11-21", "close": 4.374255, "volume": 3136900, "typical_volume": 6052810.0, "trend": 6.036107, "fair_value": 8.283927, "relative_strength": -40.345161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.407744, "energy": 91.706954, "activity_lines": [ 4.496078, 4.793089, 5.249287, 5.545033 ] }, { "date": "2025-11-28", "close": 4.45, "volume": 1980100, "typical_volume": 6016045.0, "trend": 5.901457, "fair_value": 8.249317, "relative_strength": -38.718557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.228667, "energy": 87.703003, "activity_lines": [ 4.446213, 4.680505, 5.139998, 5.442703 ] }, { "date": "2025-12-05", "close": 4.336383, "volume": 1067700, "typical_volume": 5758750.0, "trend": 5.761961, "fair_value": 8.215106, "relative_strength": -40.399921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.565033, "energy": 85.770362, "activity_lines": [ 4.393191, 4.573946, 5.027328, 5.341731 ] }, { "date": "2025-12-12", "close": 4.109149, "volume": 4559800, "typical_volume": 5678715.0, "trend": 5.652762, "fair_value": 8.180002, "relative_strength": -41.91895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.308525, "energy": 78.098076, "activity_lines": [ 4.289674, 4.450516, 4.904152, 5.235098 ] }, { "date": "2025-12-19", "close": 4.128085, "volume": 1956900, "typical_volume": 5414005.0, "trend": 5.569443, "fair_value": 8.145019, "relative_strength": -40.76971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.662368, "energy": 69.729973, "activity_lines": [ 4.224028, 4.356524, 4.793646, 5.136731 ] }, { "date": "2025-12-26", "close": 4.45, "volume": 2136500, "typical_volume": 5175020.0, "trend": 5.492121, "fair_value": 8.109281, "relative_strength": -35.702147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.867258, "energy": 65.25875, "activity_lines": [ 4.280837, 4.345851, 4.723673, 5.064509 ] }, { "date": "2026-01-02", "close": 4.582553, "volume": 1228100, "typical_volume": 4913435.0, "trend": 5.419216, "fair_value": 8.068756, "relative_strength": -33.008332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.86871, "energy": 58.007856, "activity_lines": [ 4.37678, 4.370468, 4.676017, 5.005827 ] }, { "date": "2026-01-09", "close": 4.781383, "volume": 5459000, "typical_volume": 4896780.0, "trend": 5.36083, "fair_value": 8.029505, "relative_strength": -29.038331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.107797, "energy": 39.944335, "activity_lines": [ 4.530163, 4.438294, 4.653428, 4.964677 ] }, { "date": "2026-01-16", "close": 4.734043, "volume": 3178800, "typical_volume": 4935810.0, "trend": 5.310333, "fair_value": 7.989388, "relative_strength": -30.237144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.075266, "energy": 32.690202, "activity_lines": [ 4.638099, 4.496308, 4.631968, 4.924239 ] }, { "date": "2026-01-23", "close": 4.734043, "volume": 3337400, "typical_volume": 4684720.0, "trend": 5.278773, "fair_value": 7.951525, "relative_strength": -31.577725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.421041, "energy": 31.894508, "activity_lines": [ 4.704376, 4.551567, 4.615691, 4.887059 ] }, { "date": "2026-01-30", "close": 4.677234, "volume": 1668600, "typical_volume": 4071360.0, "trend": 5.231117, "fair_value": 7.912734, "relative_strength": -32.237545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.665693, "energy": 28.692341, "activity_lines": [ 4.711319, 4.589611, 4.599415, 4.84825 ] }, { "date": "2026-02-06", "close": 4.734043, "volume": 1573000, "typical_volume": 3773820.0, "trend": 5.188511, "fair_value": 7.875435, "relative_strength": -32.158702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.430687, "energy": 20.147205, "activity_lines": [ 4.72205, 4.632476, 4.594681, 4.816181 ] }, { "date": "2026-02-13", "close": 5.018085, "volume": 5793200, "typical_volume": 3671105.0, "trend": 5.13328, "fair_value": 7.841084, "relative_strength": -31.273774, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.968522, "energy": 18.583449, "activity_lines": [ 4.817362, 4.72182, 4.622635, 4.805186 ] }, { "date": "2026-02-20", "close": 5.444149, "volume": 10003700, "typical_volume": 3801650.0, "trend": 5.10172, "fair_value": 7.810591, "relative_strength": -27.11268, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 28.242109, "energy": 38.021232, "activity_lines": [ 5.038915, 4.876236, 4.694322, 4.825242 ] }, { "date": "2026-02-27", "close": 4.970745, "volume": 6551700, "typical_volume": 3903125.0, "trend": 5.060692, "fair_value": 7.779883, "relative_strength": -34.637448, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.594537, "energy": 27.630375, "activity_lines": [ 5.055326, 4.920306, 4.721373, 4.816792 ] }, { "date": "2026-03-06", "close": 4.525745, "volume": 4305600, "typical_volume": 3724050.0, "trend": 4.995362, "fair_value": 7.744631, "relative_strength": -34.451768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.99053, "energy": 21.69094, "activity_lines": [ 4.907624, 4.868145, 4.708524, 4.782279 ] }, { "date": "2026-03-13", "close": 4.677234, "volume": 1695200, "typical_volume": 3674005.0, "trend": 4.955596, "fair_value": 7.713168, "relative_strength": -31.12871, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.866203, "energy": 15.201843, "activity_lines": [ 4.820518, 4.842151, 4.712672, 4.761755 ] }, { "date": "2026-03-20", "close": 4.506809, "volume": 1336100, "typical_volume": 3411095.0, "trend": 4.906993, "fair_value": 7.680613, "relative_strength": -33.619874, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.420092, "energy": 29.165405, "activity_lines": [ 4.68039, 4.783449, 4.701986, 4.732801 ] }, { "date": "2026-03-27", "close": 4.544681, "volume": 1307300, "typical_volume": 3292055.0, "trend": 4.864387, "fair_value": 7.649429, "relative_strength": -32.487568, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.709784, "energy": 34.706253, "activity_lines": [ 4.586972, 4.736625, 4.6959, 4.709426 ] }, { "date": "2026-04-03", "close": 4.563617, "volume": 1479500, "typical_volume": 3187755.0, "trend": 4.820833, "fair_value": 7.617238, "relative_strength": -31.196327, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.969676, "energy": 28.243721, "activity_lines": [ 4.55983, 4.696687, 4.691797, 4.690021 ] }, { "date": "2026-04-10", "close": 4.506809, "volume": 1193800, "typical_volume": 3090600.0, "trend": 4.772231, "fair_value": 7.584683, "relative_strength": -33.135552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.642619, "energy": 38.096618, "activity_lines": [ 4.540894, 4.649519, 4.681292, 4.669762 ] }, { "date": "2026-04-17", "close": 4.487872, "volume": 668400, "typical_volume": 3025015.0, "trend": 4.724575, "fair_value": 7.551443, "relative_strength": -30.89954, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.809017, "energy": 42.702472, "activity_lines": [ 4.516908, 4.602006, 4.668352, 4.651416 ] }, { "date": "2026-04-24", "close": 4.45, "volume": 2149600, "typical_volume": 3079110.0, "trend": 4.683546, "fair_value": 7.520215, "relative_strength": -28.923229, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.854726, "energy": 38.912575, "activity_lines": [ 4.492922, 4.552083, 4.651625, 4.633701 ] }, { "date": "2026-05-01", "close": 4.45, "volume": 1055400, "typical_volume": 2903890.0, "trend": 4.647252, "fair_value": 7.488423, "relative_strength": -29.417189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.022763, "energy": 41.465115, "activity_lines": [ 4.472723, 4.512489, 4.634357, 4.618634 ] }, { "date": "2026-05-08", "close": 4.46, "volume": 3321300, "typical_volume": 2972110.0, "trend": 4.612869, "fair_value": 7.455838, "relative_strength": -28.244335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -28.697759, "energy": 29.919617, "activity_lines": [ 4.46217, 4.492789, 4.616419, 4.606553 ] }, { "date": "2026-05-15", "close": 4.38, "volume": 1808000, "typical_volume": 2955685.0, "trend": 4.590021, "fair_value": 7.42617, "relative_strength": -29.267579, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.201112, "energy": 34.22844, "activity_lines": [ 4.431858, 4.46783, 4.58928, 4.591529 ] }, { "date": "2026-05-22", "close": 4.42, "volume": 1862700, "typical_volume": 2987415.0, "trend": 4.571663, "fair_value": 7.396759, "relative_strength": -28.654062, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.757763, "energy": 34.003798, "activity_lines": [ 4.423333, 4.452793, 4.566285, 4.58056 ] }, { "date": "2026-05-29", "close": 4.58, "volume": 3280500, "typical_volume": 2878490.0, "trend": 4.56716, "fair_value": 7.369231, "relative_strength": -26.427483, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.185232, "energy": 18.031069, "activity_lines": [ 4.472667, 4.471524, 4.559301, 4.581098 ] }, { "date": "2026-06-05", "close": 4.72, "volume": 584800, "typical_volume": 2748790.0, "trend": 4.571741, "fair_value": 7.341743, "relative_strength": -23.761568, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 10.57951, "energy": 10.957008, "activity_lines": [ 4.56, 4.514379, 4.56661, 4.590959 ] }, { "date": "2026-06-12", "close": 4.64, "volume": 239500, "typical_volume": 2593895.0, "trend": 4.581231, "fair_value": 7.314314, "relative_strength": -24.436296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.368593, "energy": 18.779693, "activity_lines": [ 4.602667, 4.539501, 4.566367, 4.595362 ] }, { "date": "2026-06-19", "close": 4.76, "volume": 157600, "typical_volume": 2518345.0, "trend": 4.594089, "fair_value": 7.287939, "relative_strength": -20.378405, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.931643, "energy": 38.838087, "activity_lines": [ 4.673333, 4.585052, 4.578001, 4.606896 ] }, { "date": "2026-06-26", "close": 4.74, "volume": 220200, "typical_volume": 2450705.0, "trend": 4.603755, "fair_value": 7.263152, "relative_strength": -18.263233, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.577699, "energy": 56.222675, "activity_lines": [ 4.712, 4.622364, 4.587335, 4.61631 ] }, { "date": "2026-07-03", "close": 4.74, "volume": 745700, "typical_volume": 2198330.0, "trend": 4.617209, "fair_value": 7.239223, "relative_strength": -20.742464, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.385624, "energy": 60.430876, "activity_lines": [ 4.729333, 4.655091, 4.596641, 4.6251 ] }, { "date": "2026-07-10", "close": 4.72, "volume": 4199100, "typical_volume": 1908100.0, "trend": 4.637571, "fair_value": 7.211735, "relative_strength": -20.567667, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.308259, "energy": 52.547173, "activity_lines": [ 4.729333, 4.678909, 4.605366, 4.631731 ] }, { "date": "2026-07-17", "close": 4.76, "volume": 3800600, "typical_volume": 1770545.0, "trend": 4.658635, "fair_value": 7.185075, "relative_strength": -19.641035, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.422009, "energy": 42.371353, "activity_lines": [ 4.742667, 4.705091, 4.62135, 4.63963 ] }, { "date": "2026-07-24", "close": 4.7, "volume": 2476200, "typical_volume": 1679075.0, "trend": 4.666968, "fair_value": 7.157458, "relative_strength": -19.859118, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.764607, "energy": 23.451647, "activity_lines": [ 4.728, 4.714909, 4.632622, 4.642299 ] }, { "date": "2026-07-31", "close": 4.64, "volume": 1103300, "typical_volume": 1649480.0, "trend": 4.668883, "fair_value": 7.128314, "relative_strength": -19.013168, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.773658, "energy": 10.675136, "activity_lines": [ 4.697333, 4.708, 4.637351, 4.640559 ] }, { "date": "2026-08-07", "close": 4.64, "volume": 786400, "typical_volume": 1621995.0, "trend": 4.66417, "fair_value": 7.096882, "relative_strength": -17.439258, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.816747, "energy": 7.506027, "activity_lines": [ 4.673333, 4.697091, 4.642256, 4.638695 ] } ], "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." } } }