{ "ticker": { "uuid": "84b23456-18eb-433f-9f46-ef1aa59c0611", "symbol": "SSYS", "name": "Stratasys Ltd", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 65.042, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -41.725, "architecture_energy": 24.664, "architecture_maturity": 14.333, "architecture_confidence": 90.607, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.66, "rotation_up": 19.92, "upward_expansion": 4.28, "deceleration": 49.35, "rotation_down": 48.87, "downward_expansion": 75.28 }, "activity_lines": [ 8.318333, 8.342818, 8.563833, 8.654591 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 8.915, "trend_reference": 9.028333, "distance_from_trend": -0.012553, "trend_direction": "Weakening", "fair_value": 10.078782, "distance_from_fair_value": -0.115469, "fair_value_direction": "Improving", "relative_strength": -17.933541, "relative_strength_direction": "Improving", "price_momentum": -0.207556, "excess_performance": -0.395009, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.012553, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.025158, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.115469, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.09463, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.179335, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.114731, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.207556, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.466965, "read": "Demand-led" } ], "volume": { "latest": 2524239, "relative_activity": 0.648558, "balance": 1.466965, "dry_up": 0.528597, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.105451, "annualized_volatility": 0.505286, "from_high_reference": -0.304059, "from_low_reference": 0.214578 }, "levels": { "trend_reference": 9.028333, "fair_value_reference": 10.078782, "structural_low": 7.34, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": 0.007372, "positive_rate": 0.53125, "directional_follow_through": 0.46875, "median_excess_return": -0.003667, "regime_survival": 0.75, "best_return": 0.25163, "worst_return": -0.188194, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.031991, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.071851, "regime_survival": 0.5, "best_return": 0.406138, "worst_return": -0.304517, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.002793, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.14877, "regime_survival": 0.285714, "best_return": 0.357602, "worst_return": -0.300898, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.122745, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.158517, "regime_survival": 0.5, "best_return": 0.494223, "worst_return": -0.369231, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": 0.019438, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": 0.047817, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.033862, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.357461, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": -0.176814, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-07-04", "tenure": "Established", "return": 0.148184, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": -0.0125, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-11-21", "tenure": "Established", "return": -0.091489, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-01-23", "tenure": "Developing", "return": 0.258248, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-27", "tenure": "Developing", "return": -0.1, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.101598, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-05-22", "tenure": "Developing", "return": 0.186842, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-07-03", "tenure": "Developing", "return": -0.228178, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.04269, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 14.85, "volume": 2689031, "typical_volume": 4326510.65, "trend": 15.713667, "fair_value": 20.262179, "relative_strength": -14.388358, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.157295, "energy": 20.352736, "activity_lines": [ 16.046667, 17.105455, 16.819381, 16.358538 ] }, { "date": "2023-08-25", "close": 14.06, "volume": 4124792, "typical_volume": 4358939.6, "trend": 15.704667, "fair_value": 20.259487, "relative_strength": -19.619741, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.572798, "energy": 38.067618, "activity_lines": [ 15.061333, 16.492545, 16.605286, 16.251849 ] }, { "date": "2023-09-01", "close": 14.77, "volume": 6389619, "typical_volume": 4545806.05, "trend": 15.703667, "fair_value": 20.264167, "relative_strength": -17.996694, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.179226, "energy": 36.780895, "activity_lines": [ 14.726667, 16.069273, 16.466857, 16.191548 ] }, { "date": "2023-09-08", "close": 13.57, "volume": 3790190, "typical_volume": 4590110.15, "trend": 15.694667, "fair_value": 20.259423, "relative_strength": -23.034977, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.729233, "energy": 56.410661, "activity_lines": [ 14.248, 15.456182, 16.215143, 16.053892 ] }, { "date": "2023-09-15", "close": 12.39, "volume": 6411202, "typical_volume": 4764725.9, "trend": 15.648, "fair_value": 20.248846, "relative_strength": -28.780457, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.767574, "energy": 62.941291, "activity_lines": [ 13.567333, 14.704727, 15.857238, 15.840688 ] }, { "date": "2023-09-22", "close": 12.41, "volume": 4837111, "typical_volume": 4871441.95, "trend": 15.627, "fair_value": 20.250962, "relative_strength": -25.674545, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.257525, "energy": 65.910806, "activity_lines": [ 13.061333, 14.047636, 15.510619, 15.631785 ] }, { "date": "2023-09-29", "close": 13.61, "volume": 9169376, "typical_volume": 5196335.3, "trend": 15.605333, "fair_value": 20.258974, "relative_strength": -18.018706, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.050815, "energy": 67.203583, "activity_lines": [ 13.118, 13.753455, 15.287095, 15.501656 ] }, { "date": "2023-10-06", "close": 12.35, "volume": 4543028, "typical_volume": 5203170.05, "trend": 15.507667, "fair_value": 20.242885, "relative_strength": -26.366776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.706243, "energy": 67.228278, "activity_lines": [ 12.784667, 13.351273, 14.946238, 15.291634 ] }, { "date": "2023-10-13", "close": 11.39, "volume": 3942186, "typical_volume": 5207672.75, "trend": 15.387333, "fair_value": 20.223141, "relative_strength": -31.64595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.523508, "energy": 79.038215, "activity_lines": [ 12.292667, 12.888364, 14.528381, 15.025978 ] }, { "date": "2023-10-20", "close": 11.58, "volume": 2721542, "typical_volume": 5058434.8, "trend": 15.294, "fair_value": 20.202115, "relative_strength": -27.87619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.897974, "energy": 74.573167, "activity_lines": [ 12.009333, 12.551818, 14.141429, 14.780344 ] }, { "date": "2023-10-27", "close": 10.25, "volume": 4823142, "typical_volume": 5044281.7, "trend": 15.084667, "fair_value": 20.185897, "relative_strength": -33.835764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.449963, "energy": 87.218243, "activity_lines": [ 11.336667, 12.034, 13.649857, 14.454925 ] }, { "date": "2023-11-03", "close": 11.26, "volume": 3796274, "typical_volume": 4967855.65, "trend": 14.935, "fair_value": 20.168462, "relative_strength": -31.111507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.467162, "energy": 83.836644, "activity_lines": [ 11.144667, 11.783455, 13.290381, 14.208172 ] }, { "date": "2023-11-10", "close": 10.55, "volume": 2231077, "typical_volume": 4882421.75, "trend": 14.787333, "fair_value": 20.146987, "relative_strength": -36.705889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.908203, "energy": 84.782598, "activity_lines": [ 10.872667, 11.454727, 12.892476, 13.925269 ] }, { "date": "2023-11-17", "close": 10.83, "volume": 3068098, "typical_volume": 4741832.4, "trend": 14.652667, "fair_value": 20.127404, "relative_strength": -35.717029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.020257, "energy": 76.635977, "activity_lines": [ 10.814, 11.253636, 12.548762, 13.669957 ] }, { "date": "2023-11-24", "close": 11.16, "volume": 1974466, "typical_volume": 4710338.55, "trend": 14.546, "fair_value": 20.095224, "relative_strength": -33.73618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.925785, "energy": 57.389617, "activity_lines": [ 10.902667, 11.162364, 12.269476, 13.444624 ] }, { "date": "2023-12-01", "close": 11.95, "volume": 2504560, "typical_volume": 4442896.85, "trend": 14.469, "fair_value": 20.056314, "relative_strength": -28.584213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.935635, "energy": 45.458213, "activity_lines": [ 11.282667, 11.237091, 12.095048, 13.27714 ] }, { "date": "2023-12-08", "close": 12.16, "volume": 3085433, "typical_volume": 4308303.1, "trend": 14.402, "fair_value": 20.017212, "relative_strength": -27.291822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.223007, "energy": 35.405065, "activity_lines": [ 11.619333, 11.358364, 11.980714, 13.128172 ] }, { "date": "2023-12-15", "close": 12.63, "volume": 4753629, "typical_volume": 4347915.3, "trend": 14.310333, "fair_value": 19.962788, "relative_strength": -26.504223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.214735, "energy": 25.871512, "activity_lines": [ 12.052667, 11.591455, 11.949762, 13.013849 ] }, { "date": "2023-12-22", "close": 13.11, "volume": 2875415, "typical_volume": 4175960.25, "trend": 14.278, "fair_value": 19.908301, "relative_strength": -24.050892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.276236, "energy": 25.143245, "activity_lines": [ 12.507333, 11.906727, 11.993, 12.936409 ] }, { "date": "2023-12-29", "close": 14.28, "volume": 4801346, "typical_volume": 4126575.85, "trend": 14.213667, "fair_value": 19.867019, "relative_strength": -17.17059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.921636, "energy": 28.592504, "activity_lines": [ 13.2, 12.403455, 12.163524, 12.936538 ] }, { "date": "2024-01-05", "close": 13.94, "volume": 2005375, "typical_volume": 4092393.05, "trend": 14.085333, "fair_value": 19.776058, "relative_strength": -15.962085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.191776, "energy": 32.864854, "activity_lines": [ 13.571333, 12.789273, 12.304667, 12.918882 ] }, { "date": "2024-01-12", "close": 13.62, "volume": 2140561, "typical_volume": 3993181.5, "trend": 13.959667, "fair_value": 19.659199, "relative_strength": -19.892859, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 4.759837, "energy": 30.848878, "activity_lines": [ 13.703333, 13.049818, 12.419667, 12.88886 ] }, { "date": "2024-01-19", "close": 13.43, "volume": 2169023, "typical_volume": 3782151.7, "trend": 13.863, "fair_value": 19.500737, "relative_strength": -22.55733, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 4.23094, "energy": 34.703349, "activity_lines": [ 13.674667, 13.232909, 12.518667, 12.854688 ] }, { "date": "2024-01-26", "close": 13.33, "volume": 1832958, "typical_volume": 3684290.1, "trend": 13.715333, "fair_value": 19.320096, "relative_strength": -22.990505, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 1.229074, "energy": 19.348945, "activity_lines": [ 13.559333, 13.345455, 12.614524, 12.820301 ] }, { "date": "2024-02-02", "close": 13.36, "volume": 1657864, "typical_volume": 3446623.2, "trend": 13.581333, "fair_value": 19.074199, "relative_strength": -23.11815, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -3.160721, "energy": 12.741374, "activity_lines": [ 13.439333, 13.418, 12.714381, 12.797376 ] }, { "date": "2024-02-09", "close": 12.97, "volume": 1623111, "typical_volume": 3285923.2, "trend": 13.334667, "fair_value": 18.836186, "relative_strength": -26.145656, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.028075, "energy": 9.531779, "activity_lines": [ 13.250667, 13.379636, 12.772476, 12.757935 ] }, { "date": "2024-02-16", "close": 13.31, "volume": 2152589, "typical_volume": 2935083.85, "trend": 13.102667, "fair_value": 18.639968, "relative_strength": -22.505501, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 7.433197, "energy": 8.022334, "activity_lines": [ 13.24, 13.384545, 12.860286, 12.756344 ] }, { "date": "2024-02-23", "close": 12.64, "volume": 1586623, "typical_volume": 2787263.6, "trend": 12.903667, "fair_value": 18.499904, "relative_strength": -26.887046, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.449183, "energy": 7.422771, "activity_lines": [ 13.026667, 13.246727, 12.885714, 12.726495 ] }, { "date": "2024-03-01", "close": 12.335, "volume": 1440340, "typical_volume": 2662171.3, "trend": 12.766833, "fair_value": 18.427115, "relative_strength": -29.370812, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.527179, "energy": 13.616445, "activity_lines": [ 12.764333, 13.053273, 12.880714, 12.689806 ] }, { "date": "2024-03-08", "close": 12.43, "volume": 2194134, "typical_volume": 2635800.9, "trend": 12.684167, "fair_value": 18.325128, "relative_strength": -26.861058, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.750069, "energy": 13.881404, "activity_lines": [ 12.6, 12.891182, 12.880262, 12.668075 ] }, { "date": "2024-03-15", "close": 11.9, "volume": 2027281, "typical_volume": 2496007.85, "trend": 12.585833, "fair_value": 18.223141, "relative_strength": -28.372512, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.59856, "energy": 23.896281, "activity_lines": [ 12.321, 12.666364, 12.825286, 12.617484 ] }, { "date": "2024-03-22", "close": 11.55, "volume": 1513251, "typical_volume": 2381856.7, "trend": 12.502167, "fair_value": 18.139038, "relative_strength": -31.800509, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.634214, "energy": 38.475031, "activity_lines": [ 11.996667, 12.415, 12.729119, 12.550656 ] }, { "date": "2024-03-29", "close": 11.62, "volume": 794648, "typical_volume": 2310035.25, "trend": 12.397167, "fair_value": 18.051603, "relative_strength": -30.111259, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.565247, "energy": 48.243616, "activity_lines": [ 11.813, 12.214, 12.638238, 12.493742 ] }, { "date": "2024-04-05", "close": 10.81, "volume": 1691143, "typical_volume": 2241187.5, "trend": 12.305167, "fair_value": 17.968397, "relative_strength": -33.597423, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.84417, "energy": 59.572596, "activity_lines": [ 11.427333, 11.898636, 12.465119, 12.391344 ] }, { "date": "2024-04-12", "close": 10.09, "volume": 2290993, "typical_volume": 2257013.85, "trend": 12.2285, "fair_value": 17.887949, "relative_strength": -36.910906, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.240931, "energy": 69.22287, "activity_lines": [ 10.903333, 11.498182, 12.223524, 12.24843 ] }, { "date": "2024-04-19", "close": 10.025, "volume": 3719956, "typical_volume": 2317783.65, "trend": 12.149, "fair_value": 17.801571, "relative_strength": -32.930137, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.582938, "energy": 80.427511, "activity_lines": [ 10.513667, 11.145364, 11.980833, 12.106269 ] }, { "date": "2024-04-26", "close": 10.02, "volume": 1918165, "typical_volume": 2259420.25, "trend": 12.029333, "fair_value": 17.722147, "relative_strength": -34.75593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.371624, "energy": 82.691085, "activity_lines": [ 10.247333, 10.845182, 11.746833, 11.968914 ] }, { "date": "2024-05-03", "close": 9.72, "volume": 1432555, "typical_volume": 2093366.55, "trend": 11.941667, "fair_value": 17.655929, "relative_strength": -36.603004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.850235, "energy": 85.18955, "activity_lines": [ 9.983, 10.550273, 11.494452, 11.819925 ] }, { "date": "2024-05-10", "close": 9.47, "volume": 1878342, "typical_volume": 2043512.9, "trend": 11.877667, "fair_value": 17.589744, "relative_strength": -38.39708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.418427, "energy": 84.792464, "activity_lines": [ 9.762, 10.263, 11.232119, 11.660462 ] }, { "date": "2024-05-17", "close": 9.78, "volume": 2784640, "typical_volume": 1942677.6, "trend": 11.817667, "fair_value": 17.509295, "relative_strength": -36.896427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.365682, "energy": 80.344559, "activity_lines": [ 9.733667, 10.084182, 11.016643, 11.525129 ] }, { "date": "2024-05-24", "close": 9.06, "volume": 1956594, "typical_volume": 1940238.55, "trend": 11.778, "fair_value": 17.419359, "relative_strength": -41.648665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.129587, "energy": 82.924352, "activity_lines": [ 9.486, 9.822636, 10.754024, 11.347215 ] }, { "date": "2024-05-31", "close": 8.66, "volume": 2939853, "typical_volume": 1980203.15, "trend": 11.691333, "fair_value": 17.327885, "relative_strength": -42.454263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.103501, "energy": 82.251081, "activity_lines": [ 9.169333, 9.54, 10.476548, 11.146054 ] }, { "date": "2024-06-07", "close": 9.05, "volume": 4627516, "typical_volume": 2103127.8, "trend": 11.641333, "fair_value": 17.239679, "relative_strength": -40.390692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.711911, "energy": 69.97309, "activity_lines": [ 9.073333, 9.380818, 10.259833, 10.975645 ] }, { "date": "2024-06-14", "close": 8.42, "volume": 2792865, "typical_volume": 2151123.15, "trend": 11.561, "fair_value": 17.155, "relative_strength": -45.458919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.197111, "energy": 74.450421, "activity_lines": [ 8.812, 9.153818, 10.003976, 10.767817 ] }, { "date": "2024-06-21", "close": 8.29, "volume": 4531947, "typical_volume": 2294827.3, "trend": 11.465333, "fair_value": 17.038333, "relative_strength": -45.500267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.865063, "energy": 74.454817, "activity_lines": [ 8.577333, 8.946636, 9.759119, 10.556785 ] }, { "date": "2024-06-28", "close": 8.39, "volume": 2638718, "typical_volume": 2345607.65, "trend": 11.346667, "fair_value": 16.942628, "relative_strength": -43.755121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.919806, "energy": 65.006192, "activity_lines": [ 8.475333, 8.790364, 9.547929, 10.358376 ] }, { "date": "2024-07-05", "close": 8.86, "volume": 1521918, "typical_volume": 2314074.1, "trend": 11.236667, "fair_value": 16.852885, "relative_strength": -41.565299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.163348, "energy": 59.528305, "activity_lines": [ 8.574667, 8.749273, 9.40331, 10.197946 ] }, { "date": "2024-07-12", "close": 9.135, "volume": 2276740, "typical_volume": 2348579.95, "trend": 11.120167, "fair_value": 16.783622, "relative_strength": -38.202171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.428256, "energy": 51.662192, "activity_lines": [ 8.752333, 8.779273, 9.306071, 10.062355 ] }, { "date": "2024-07-19", "close": 9.2, "volume": 2222171, "typical_volume": 2387671.5, "trend": 10.989833, "fair_value": 16.714327, "relative_strength": -33.70559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.478584, "energy": 37.13431, "activity_lines": [ 8.946, 8.831727, 9.231714, 9.938473 ] }, { "date": "2024-07-26", "close": 8.91, "volume": 1273282, "typical_volume": 2341628.9, "trend": 10.810833, "fair_value": 16.644904, "relative_strength": -32.782564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.62413, "energy": 29.138471, "activity_lines": [ 8.991, 8.836364, 9.144667, 9.80429 ] }, { "date": "2024-08-02", "close": 7.87, "volume": 2894428, "typical_volume": 2384986.25, "trend": 10.6085, "fair_value": 16.558686, "relative_strength": -37.617535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.782265, "energy": 44.669701, "activity_lines": [ 8.648, 8.667727, 8.975333, 9.614559 ] }, { "date": "2024-08-09", "close": 7.2, "volume": 2783953, "typical_volume": 2448521.35, "trend": 10.3945, "fair_value": 16.463301, "relative_strength": -42.149127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.05956, "energy": 58.364015, "activity_lines": [ 8.116333, 8.398909, 8.761381, 9.394656 ] }, { "date": "2024-08-16", "close": 7.52, "volume": 1808381, "typical_volume": 2499208.0, "trend": 10.1975, "fair_value": 16.38125, "relative_strength": -41.657051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.944422, "energy": 69.258273, "activity_lines": [ 7.802, 8.214818, 8.598619, 9.209204 ] }, { "date": "2024-08-23", "close": 7.9, "volume": 1507781, "typical_volume": 2490039.9, "trend": 10.0165, "fair_value": 16.29875, "relative_strength": -38.363543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.523096, "energy": 72.516987, "activity_lines": [ 7.722, 8.127636, 8.491571, 9.060978 ] }, { "date": "2024-08-30", "close": 6.87, "volume": 5228330, "typical_volume": 2636906.75, "trend": 9.800167, "fair_value": 16.195545, "relative_strength": -44.990995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.230407, "energy": 79.224643, "activity_lines": [ 7.385333, 7.862636, 8.300286, 8.857978 ] }, { "date": "2024-09-06", "close": 6.16, "volume": 3382079, "typical_volume": 2620012.9, "trend": 9.573167, "fair_value": 16.08484, "relative_strength": -46.748171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.291269, "energy": 83.966974, "activity_lines": [ 6.948, 7.494364, 8.056714, 8.623129 ] }, { "date": "2024-09-13", "close": 7.05, "volume": 2698812, "typical_volume": 2659045.25, "trend": 9.3645, "fair_value": 15.978429, "relative_strength": -41.652475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.01755, "energy": 64.232088, "activity_lines": [ 6.921333, 7.328455, 7.91631, 8.460344 ] }, { "date": "2024-09-20", "close": 7.58, "volume": 3003230, "typical_volume": 2737579.0, "trend": 9.195833, "fair_value": 15.884071, "relative_strength": -37.280631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.247772, "energy": 53.013463, "activity_lines": [ 7.081333, 7.291818, 7.840524, 8.345215 ] }, { "date": "2024-09-27", "close": 8.14, "volume": 2756270, "typical_volume": 2781475.4, "trend": 9.056, "fair_value": 15.793814, "relative_strength": -32.218349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.47943, "energy": 36.269978, "activity_lines": [ 7.424, 7.385273, 7.828262, 8.277097 ] }, { "date": "2024-10-04", "close": 7.79, "volume": 2011123, "typical_volume": 2742799.55, "trend": 8.901333, "fair_value": 15.67484, "relative_strength": -34.280987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.935507, "energy": 21.204121, "activity_lines": [ 7.634, 7.434364, 7.789, 8.195419 ] }, { "date": "2024-10-11", "close": 7.27, "volume": 1679926, "typical_volume": 2728966.15, "trend": 8.747, "fair_value": 15.54516, "relative_strength": -38.610169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.700228, "energy": 22.133622, "activity_lines": [ 7.609333, 7.409273, 7.70969, 8.090172 ] }, { "date": "2024-10-18", "close": 7.7, "volume": 1802689, "typical_volume": 2672107.95, "trend": 8.618667, "fair_value": 15.415032, "relative_strength": -34.212857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.773878, "energy": 19.237297, "activity_lines": [ 7.654, 7.473273, 7.679857, 8.022624 ] }, { "date": "2024-10-25", "close": 7.005, "volume": 1660955, "typical_volume": 2523779.9, "trend": 8.464833, "fair_value": 15.257756, "relative_strength": -39.479361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.721098, "energy": 27.021109, "activity_lines": [ 7.423667, 7.401818, 7.588405, 7.918516 ] }, { "date": "2024-11-01", "close": 7.33, "volume": 3289410, "typical_volume": 2548607.15, "trend": 8.348833, "fair_value": 15.0825, "relative_strength": -34.798937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.117764, "energy": 30.287892, "activity_lines": [ 7.34, 7.398818, 7.537643, 7.845301 ] }, { "date": "2024-11-08", "close": 7.67, "volume": 2731665, "typical_volume": 2458593.05, "trend": 8.268167, "fair_value": 14.91859, "relative_strength": -34.601694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.64911, "energy": 25.049222, "activity_lines": [ 7.423667, 7.468, 7.524452, 7.801505 ] }, { "date": "2024-11-15", "close": 9.26, "volume": 7466805, "typical_volume": 2699997.4, "trend": 8.242667, "fair_value": 14.787564, "relative_strength": -17.584003, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.747695, "energy": 9.089535, "activity_lines": [ 8.045333, 7.811727, 7.665643, 7.865495 ] }, { "date": "2024-11-22", "close": 9.44, "volume": 2789591, "typical_volume": 2763381.05, "trend": 8.223333, "fair_value": 14.675, "relative_strength": -16.793342, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.391953, "energy": 35.95602, "activity_lines": [ 8.594333, 8.131818, 7.819833, 7.942742 ] }, { "date": "2024-11-29", "close": 9.62, "volume": 3222911, "typical_volume": 2810689.6, "trend": 8.22, "fair_value": 14.58141, "relative_strength": -14.990481, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.438486, "energy": 57.257216, "activity_lines": [ 9.087333, 8.441182, 7.988405, 8.032849 ] }, { "date": "2024-12-06", "close": 9.6, "volume": 3002760, "typical_volume": 2849719.05, "trend": 8.224333, "fair_value": 14.483269, "relative_strength": -16.93019, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.664186, "energy": 65.4809, "activity_lines": [ 9.399333, 8.709818, 8.152762, 8.121882 ] }, { "date": "2024-12-13", "close": 10.08, "volume": 4046142, "typical_volume": 2988362.05, "trend": 8.234333, "fair_value": 14.391154, "relative_strength": -12.494033, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 73.582055, "energy": 79.387574, "activity_lines": [ 9.72, 9.039182, 8.360929, 8.241602 ] }, { "date": "2024-12-20", "close": 9.45, "volume": 3784338, "typical_volume": 3032857.55, "trend": 8.247333, "fair_value": 14.298205, "relative_strength": -15.029182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.515322, "energy": 69.252862, "activity_lines": [ 9.67, 9.212364, 8.503524, 8.320032 ] }, { "date": "2024-12-27", "close": 9.15, "volume": 1710164, "typical_volume": 2979168.1, "trend": 8.263667, "fair_value": 14.199872, "relative_strength": -17.167922, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.737486, "energy": 45.271922, "activity_lines": [ 9.507333, 9.291364, 8.610024, 8.378269 ] }, { "date": "2025-01-03", "close": 9.08, "volume": 1564345, "typical_volume": 2966966.3, "trend": 8.264667, "fair_value": 14.105385, "relative_strength": -15.804735, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.546574, "energy": 37.66988, "activity_lines": [ 9.340667, 9.331273, 8.700571, 8.430935 ] }, { "date": "2025-01-10", "close": 9.13, "volume": 1557658, "typical_volume": 2969460.15, "trend": 8.288333, "fair_value": 14.009808, "relative_strength": -12.185202, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.89802, "energy": 25.368277, "activity_lines": [ 9.226667, 9.342545, 8.788452, 8.486763 ] }, { "date": "2025-01-17", "close": 8.98, "volume": 2269532, "typical_volume": 2821520.25, "trend": 8.311333, "fair_value": 13.927564, "relative_strength": -14.849263, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.375271, "energy": 19.773606, "activity_lines": [ 9.094, 9.293818, 8.85619, 8.531387 ] }, { "date": "2025-01-24", "close": 9.85, "volume": 2361759, "typical_volume": 2770504.25, "trend": 8.36, "fair_value": 13.850256, "relative_strength": -6.83515, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.665883, "energy": 27.173314, "activity_lines": [ 9.324667, 9.379455, 8.996738, 8.630656 ] }, { "date": "2025-01-31", "close": 9.31, "volume": 1980592, "typical_volume": 2734593.25, "trend": 8.375, "fair_value": 13.758782, "relative_strength": -9.528483, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.076685, "energy": 23.803879, "activity_lines": [ 9.348667, 9.356182, 9.068286, 8.691946 ] }, { "date": "2025-02-07", "close": 12.19, "volume": 10468915, "typical_volume": 3107877.5, "trend": 8.476833, "fair_value": 13.674487, "relative_strength": 19.075885, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.430909, "energy": 63.901353, "activity_lines": [ 10.322, 9.858909, 9.403357, 8.938075 ] }, { "date": "2025-02-14", "close": 11.99, "volume": 2644373, "typical_volume": 3102282.65, "trend": 8.569833, "fair_value": 13.585641, "relative_strength": 14.80175, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.316436, "energy": 84.158679, "activity_lines": [ 11.021333, 10.278545, 9.697429, 9.164731 ] }, { "date": "2025-02-21", "close": 11.19, "volume": 1826852, "typical_volume": 3093069.1, "trend": 8.645833, "fair_value": 13.502372, "relative_strength": 10.458223, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.983837, "energy": 78.621274, "activity_lines": [ 11.263333, 10.509273, 9.896976, 9.333774 ] }, { "date": "2025-02-28", "close": 10.57, "volume": 1921699, "typical_volume": 3105157.75, "trend": 8.735833, "fair_value": 13.429744, "relative_strength": 8.780756, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.455677, "energy": 75.819634, "activity_lines": [ 11.151333, 10.607091, 10.021286, 9.457914 ] }, { "date": "2025-03-07", "close": 9.83, "volume": 4289441, "typical_volume": 3229495.35, "trend": 8.8235, "fair_value": 13.344167, "relative_strength": 5.435131, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.598227, "energy": 42.388456, "activity_lines": [ 10.744667, 10.55, 10.059405, 9.528505 ] }, { "date": "2025-03-14", "close": 9.87, "volume": 2620555, "typical_volume": 3277475.35, "trend": 8.901833, "fair_value": 13.244423, "relative_strength": 9.318684, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.665021, "energy": 22.744824, "activity_lines": [ 10.316667, 10.487818, 10.09119, 9.596022 ] }, { "date": "2025-03-21", "close": 10.19, "volume": 2263211, "typical_volume": 3226165.4, "trend": 8.978167, "fair_value": 13.151859, "relative_strength": 13.141067, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.656684, "energy": 21.728205, "activity_lines": [ 10.15, 10.469455, 10.13981, 9.679129 ] }, { "date": "2025-03-28", "close": 10.115, "volume": 1570469, "typical_volume": 3168105.6, "trend": 9.086333, "fair_value": 13.053045, "relative_strength": 15.554442, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.928383, "energy": 21.201937, "activity_lines": [ 10.078333, 10.418182, 10.167667, 9.752473 ] }, { "date": "2025-04-04", "close": 9.02, "volume": 2468755, "typical_volume": 2918203.1, "trend": 9.181667, "fair_value": 12.971506, "relative_strength": 14.721514, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.732785, "energy": 13.982413, "activity_lines": [ 9.713333, 10.147182, 10.079595, 9.748194 ] }, { "date": "2025-04-11", "close": 9.09, "volume": 3512468, "typical_volume": 2954346.95, "trend": 9.249667, "fair_value": 12.891891, "relative_strength": 7.89105, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.522056, "energy": 12.789989, "activity_lines": [ 9.475, 9.904, 9.999333, 9.74228 ] }, { "date": "2025-04-18", "close": 9.08, "volume": 2109067, "typical_volume": 2898654.75, "trend": 9.299667, "fair_value": 12.821955, "relative_strength": 10.717257, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.990294, "energy": 22.859455, "activity_lines": [ 9.282667, 9.663, 9.919786, 9.731333 ] }, { "date": "2025-04-25", "close": 9.51, "volume": 1857705, "typical_volume": 2841402.0, "trend": 9.345333, "fair_value": 12.758622, "relative_strength": 9.348544, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.662345, "energy": 22.13778, "activity_lines": [ 9.286333, 9.556727, 9.883762, 9.744903 ] }, { "date": "2025-05-02", "close": 9.65, "volume": 1722828, "typical_volume": 2725236.3, "trend": 9.407333, "fair_value": 12.695032, "relative_strength": 7.570369, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.227093, "energy": 18.40397, "activity_lines": [ 9.382, 9.521, 9.8615, 9.764559 ] }, { "date": "2025-05-09", "close": 11.0, "volume": 3675442, "typical_volume": 2719791.5, "trend": 9.531667, "fair_value": 12.651186, "relative_strength": 22.707909, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.234709, "energy": 20.947616, "activity_lines": [ 9.958667, 9.758727, 9.969857, 9.867312 ] }, { "date": "2025-05-16", "close": 11.165, "volume": 2448930, "typical_volume": 2756729.8, "trend": 9.647167, "fair_value": 12.603077, "relative_strength": 16.583713, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.875193, "energy": 36.247428, "activity_lines": [ 10.458333, 10.018636, 10.086548, 9.972688 ] }, { "date": "2025-05-23", "close": 10.32, "volume": 1601633, "typical_volume": 2758594.2, "trend": 9.757667, "fair_value": 12.539551, "relative_strength": 10.315014, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 40.194652, "energy": 34.154505, "activity_lines": [ 10.538, 10.100636, 10.113167, 10.016097 ] }, { "date": "2025-05-30", "close": 10.33, "volume": 1318197, "typical_volume": 2746621.15, "trend": 9.857667, "fair_value": 12.479295, "relative_strength": 8.25799, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.110896, "energy": 41.625147, "activity_lines": [ 10.538333, 10.176273, 10.134833, 10.053022 ] }, { "date": "2025-06-06", "close": 10.45, "volume": 1869658, "typical_volume": 2726627.45, "trend": 9.950333, "fair_value": 12.430833, "relative_strength": 7.27559, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.551938, "energy": 44.062324, "activity_lines": [ 10.524, 10.271182, 10.162214, 10.091237 ] }, { "date": "2025-06-13", "close": 10.2, "volume": 2150346, "typical_volume": 2716056.8, "trend": 9.981667, "fair_value": 12.381218, "relative_strength": 5.112811, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.471514, "energy": 21.675908, "activity_lines": [ 10.373, 10.314545, 10.158786, 10.107344 ] }, { "date": "2025-06-20", "close": 10.37, "volume": 2243750, "typical_volume": 2729214.7, "trend": 10.012667, "fair_value": 12.321538, "relative_strength": 6.633322, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.629543, "energy": 16.440766, "activity_lines": [ 10.332, 10.367364, 10.169881, 10.132398 ] }, { "date": "2025-06-27", "close": 11.2, "volume": 2100867, "typical_volume": 2310812.3, "trend": 10.065333, "fair_value": 12.27359, "relative_strength": 10.253719, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.500245, "energy": 31.137024, "activity_lines": [ 10.620667, 10.547818, 10.254976, 10.209 ] }, { "date": "2025-07-04", "close": 11.7, "volume": 1377712, "typical_volume": 2247479.25, "trend": 10.135333, "fair_value": 12.234167, "relative_strength": 13.130979, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.552883, "energy": 55.398502, "activity_lines": [ 11.017333, 10.780636, 10.392405, 10.314462 ] }, { "date": "2025-07-11", "close": 11.2, "volume": 1909236, "typical_volume": 2251598.45, "trend": 10.172667, "fair_value": 12.184487, "relative_strength": 8.506433, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.634603, "energy": 60.949555, "activity_lines": [ 11.156, 10.882727, 10.483595, 10.383151 ] }, { "date": "2025-07-18", "close": 10.84, "volume": 1677750, "typical_volume": 2239401.0, "trend": 10.219, "fair_value": 12.127436, "relative_strength": 3.714093, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.884681, "energy": 59.316649, "activity_lines": [ 11.124667, 10.891182, 10.540452, 10.426204 ] }, { "date": "2025-07-25", "close": 10.87, "volume": 3875890, "typical_volume": 2218723.45, "trend": 10.276333, "fair_value": 12.065128, "relative_strength": 3.079851, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.58525, "energy": 44.756063, "activity_lines": [ 11.060667, 10.908, 10.598881, 10.468204 ] }, { "date": "2025-08-01", "close": 10.59, "volume": 1820583, "typical_volume": 2178724.85, "trend": 10.326667, "fair_value": 12.012885, "relative_strength": 2.532017, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.343637, "energy": 20.174412, "activity_lines": [ 10.87, 10.879273, 10.62569, 10.488441 ] }, { "date": "2025-08-08", "close": 11.06, "volume": 1343156, "typical_volume": 2132722.1, "trend": 10.391, "fair_value": 11.958397, "relative_strength": 2.893214, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.613808, "energy": 20.184627, "activity_lines": [ 10.876667, 10.931091, 10.693833, 10.535753 ] }, { "date": "2025-08-15", "close": 9.4, "volume": 6905862, "typical_volume": 2399491.75, "trend": 10.405, "fair_value": 11.900641, "relative_strength": -13.005104, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.883341, "energy": 14.531938, "activity_lines": [ 10.372667, 10.667818, 10.599738, 10.471817 ] }, { "date": "2025-08-22", "close": 11.08, "volume": 11708626, "typical_volume": 2861485.3, "trend": 10.446, "fair_value": 11.857179, "relative_strength": 3.206444, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.398732, "energy": 18.57628, "activity_lines": [ 10.548667, 10.729091, 10.669048, 10.515366 ] }, { "date": "2025-08-29", "close": 10.65, "volume": 5279394, "typical_volume": 2949831.6, "trend": 10.490667, "fair_value": 11.817692, "relative_strength": -0.9486, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.372302, "energy": 13.856899, "activity_lines": [ 10.565333, 10.696182, 10.687595, 10.528527 ] }, { "date": "2025-09-05", "close": 10.24, "volume": 2500675, "typical_volume": 2969412.0, "trend": 10.425667, "fair_value": 11.773654, "relative_strength": -6.078044, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.866932, "energy": 10.769643, "activity_lines": [ 10.46, 10.583636, 10.659667, 10.512355 ] }, { "date": "2025-09-12", "close": 9.81, "volume": 3951528, "typical_volume": 3074103.15, "trend": 10.353, "fair_value": 11.73609, "relative_strength": -11.809761, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.145795, "energy": 12.960619, "activity_lines": [ 10.234667, 10.410364, 10.585262, 10.472634 ] }, { "date": "2025-09-19", "close": 10.53, "volume": 6413442, "typical_volume": 3308633.85, "trend": 10.331, "fair_value": 11.712372, "relative_strength": -7.507376, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.261981, "energy": 11.298872, "activity_lines": [ 10.332667, 10.402364, 10.578, 10.484054 ] }, { "date": "2025-09-26", "close": 11.62, "volume": 8174486, "typical_volume": 3533586.05, "trend": 10.366, "fair_value": 11.694487, "relative_strength": 2.249939, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.32831, "energy": 17.646621, "activity_lines": [ 10.718667, 10.604727, 10.670357, 10.567215 ] }, { "date": "2025-10-03", "close": 11.64, "volume": 3160038, "typical_volume": 3569141.45, "trend": 10.426333, "fair_value": 11.680064, "relative_strength": 0.873299, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.57568, "energy": 37.04823, "activity_lines": [ 11.075333, 10.796545, 10.761667, 10.649409 ] }, { "date": "2025-10-10", "close": 10.42, "volume": 3525605, "typical_volume": 3665340.05, "trend": 10.444667, "fair_value": 11.663013, "relative_strength": -7.868843, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.574823, "energy": 23.484501, "activity_lines": [ 10.959333, 10.752545, 10.734524, 10.649 ] }, { "date": "2025-10-17", "close": 10.92, "volume": 3788398, "typical_volume": 3788850.1, "trend": 10.469, "fair_value": 11.644808, "relative_strength": -5.98358, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.398568, "energy": 25.524786, "activity_lines": [ 10.998, 10.802545, 10.754524, 10.679667 ] }, { "date": "2025-10-24", "close": 11.99, "volume": 10072341, "typical_volume": 4198984.25, "trend": 10.5315, "fair_value": 11.629872, "relative_strength": 0.501814, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.885726, "energy": 42.807696, "activity_lines": [ 11.319333, 11.049636, 10.873619, 10.777796 ] }, { "date": "2025-10-31", "close": 10.62, "volume": 3492977, "typical_volume": 4266115.8, "trend": 10.584833, "fair_value": 11.610256, "relative_strength": -12.828509, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.514073, "energy": 17.764755, "activity_lines": [ 11.086667, 11.000545, 10.854905, 10.783505 ] }, { "date": "2025-11-07", "close": 9.5, "volume": 3496108, "typical_volume": 4328733.7, "trend": 10.5985, "fair_value": 11.581795, "relative_strength": -19.596196, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.596976, "energy": 6.408864, "activity_lines": [ 10.547333, 10.756182, 10.727524, 10.713516 ] }, { "date": "2025-11-14", "close": 8.95, "volume": 4412657, "typical_volume": 4444323.2, "trend": 10.594167, "fair_value": 11.549744, "relative_strength": -23.835718, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.224273, "energy": 35.328167, "activity_lines": [ 9.967333, 10.432727, 10.551905, 10.607161 ] }, { "date": "2025-11-21", "close": 8.54, "volume": 3533230, "typical_volume": 4552099.1, "trend": 10.561833, "fair_value": 11.513846, "relative_strength": -24.688597, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.005587, "energy": 65.420853, "activity_lines": [ 9.348667, 10.058182, 10.347952, 10.474634 ] }, { "date": "2025-11-28", "close": 8.79, "volume": 1922099, "typical_volume": 4552742.25, "trend": 10.533167, "fair_value": 11.481474, "relative_strength": -25.781716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.663844, "energy": 71.427559, "activity_lines": [ 8.972, 9.752182, 10.182857, 10.360323 ] }, { "date": "2025-12-05", "close": 9.05, "volume": 2697137, "typical_volume": 4603711.6, "trend": 10.468167, "fair_value": 11.458974, "relative_strength": -24.052545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.161568, "energy": 69.395082, "activity_lines": [ 8.895333, 9.525091, 10.054, 10.264634 ] }, { "date": "2025-12-12", "close": 9.38, "volume": 3555749, "typical_volume": 4587704.55, "trend": 10.408667, "fair_value": 11.441987, "relative_strength": -19.451585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.506525, "energy": 58.671151, "activity_lines": [ 9.033333, 9.404727, 9.965095, 10.19443 ] }, { "date": "2025-12-19", "close": 8.95, "volume": 6347757, "typical_volume": 4814063.25, "trend": 10.363, "fair_value": 11.425962, "relative_strength": -23.274898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.272662, "energy": 39.34904, "activity_lines": [ 9.036, 9.247273, 9.842333, 10.100323 ] }, { "date": "2025-12-26", "close": 8.95, "volume": 2281754, "typical_volume": 4860993.15, "trend": 10.317, "fair_value": 11.407308, "relative_strength": -23.962019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.531572, "energy": 36.535904, "activity_lines": [ 9.038667, 9.116545, 9.727381, 10.009161 ] }, { "date": "2026-01-02", "close": 9.01, "volume": 2497724, "typical_volume": 4640586.25, "trend": 10.269, "fair_value": 11.379167, "relative_strength": -21.876556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.304263, "energy": 30.890554, "activity_lines": [ 9.034, 9.032545, 9.62819, 9.924839 ] }, { "date": "2026-01-09", "close": 10.32, "volume": 5471117, "typical_volume": 4328710.8, "trend": 10.273, "fair_value": 11.358333, "relative_strength": -12.304383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.029782, "energy": 18.01023, "activity_lines": [ 9.451333, 9.240909, 9.655619, 9.928129 ] }, { "date": "2026-01-16", "close": 11.19, "volume": 10850620, "typical_volume": 4607272.1, "trend": 10.300333, "fair_value": 11.340962, "relative_strength": -4.15652, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.97868, "energy": 13.387059, "activity_lines": [ 10.074, 9.612909, 9.769524, 9.98729 ] }, { "date": "2026-01-23", "close": 11.06, "volume": 5420529, "typical_volume": 4753264.8, "trend": 10.295667, "fair_value": 11.32, "relative_strength": -5.402022, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.661536, "energy": 29.296146, "activity_lines": [ 10.532667, 9.930545, 9.868476, 10.036301 ] }, { "date": "2026-01-30", "close": 10.7, "volume": 4224874, "typical_volume": 4766932.1, "trend": 10.262333, "fair_value": 11.293718, "relative_strength": -8.289508, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.992628, "energy": 33.480377, "activity_lines": [ 10.730667, 10.144364, 9.929238, 10.062387 ] }, { "date": "2026-02-06", "close": 11.25, "volume": 4642577, "typical_volume": 4678388.85, "trend": 10.264, "fair_value": 11.277115, "relative_strength": -1.138505, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.579047, "energy": 52.369365, "activity_lines": [ 10.995333, 10.418909, 10.038143, 10.126108 ] }, { "date": "2026-02-13", "close": 10.97, "volume": 3368393, "typical_volume": 4438084.2, "trend": 10.268333, "fair_value": 11.259038, "relative_strength": -1.940094, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.48685, "energy": 50.008485, "activity_lines": [ 11.017333, 10.597818, 10.116952, 10.171656 ] }, { "date": "2026-02-20", "close": 10.45, "volume": 2467020, "typical_volume": 4403433.3, "trend": 10.254333, "fair_value": 11.242436, "relative_strength": -7.241169, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.780384, "energy": 28.981964, "activity_lines": [ 10.822667, 10.647273, 10.149333, 10.183376 ] }, { "date": "2026-02-27", "close": 9.63, "volume": 3917441, "typical_volume": 4423025.1, "trend": 10.222333, "fair_value": 11.212756, "relative_strength": -13.854052, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -11.961917, "energy": 10.541082, "activity_lines": [ 10.404, 10.528182, 10.109286, 10.143097 ] }, { "date": "2026-03-06", "close": 8.76, "volume": 8225465, "typical_volume": 4644878.45, "trend": 10.145667, "fair_value": 11.170962, "relative_strength": -20.194442, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.442851, "energy": 26.635304, "activity_lines": [ 9.790667, 10.238545, 9.990143, 10.048753 ] }, { "date": "2026-03-13", "close": 7.87, "volume": 6760176, "typical_volume": 4479270.2, "trend": 10.094667, "fair_value": 11.125256, "relative_strength": -27.004881, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.30606, "energy": 53.350721, "activity_lines": [ 9.01, 9.790545, 9.796524, 9.901935 ] }, { "date": "2026-03-20", "close": 7.6, "volume": 3898442, "typical_volume": 4499543.45, "trend": 9.978667, "fair_value": 11.081795, "relative_strength": -27.464006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.703478, "energy": 78.141267, "activity_lines": [ 8.364667, 9.314182, 9.59681, 9.740989 ] }, { "date": "2026-03-27", "close": 7.64, "volume": 3473181, "typical_volume": 4498397.1, "trend": 9.878333, "fair_value": 11.024808, "relative_strength": -23.994944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.969102, "energy": 81.753653, "activity_lines": [ 7.957333, 8.894545, 9.415286, 9.590108 ] }, { "date": "2026-04-03", "close": 7.97, "volume": 2551703, "typical_volume": 4405349.4, "trend": 9.802667, "fair_value": 10.974936, "relative_strength": -23.10098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.629496, "energy": 78.070751, "activity_lines": [ 7.847333, 8.599455, 9.274048, 9.466989 ] }, { "date": "2026-04-10", "close": 8.35, "volume": 2759085, "typical_volume": 4366642.15, "trend": 9.754, "fair_value": 10.932436, "relative_strength": -22.331752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.193623, "energy": 70.671436, "activity_lines": [ 7.974667, 8.429636, 9.173667, 9.373269 ] }, { "date": "2026-04-17", "close": 8.79, "volume": 2952484, "typical_volume": 4418161.4, "trend": 9.696, "fair_value": 10.893462, "relative_strength": -22.406228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.988375, "energy": 45.443012, "activity_lines": [ 8.276, 8.382545, 9.116095, 9.311075 ] }, { "date": "2026-04-24", "close": 8.62, "volume": 2710396, "typical_volume": 4418824.35, "trend": 9.596, "fair_value": 10.856667, "relative_strength": -24.950589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.134901, "energy": 31.279218, "activity_lines": [ 8.459333, 8.349273, 9.042333, 9.241656 ] }, { "date": "2026-05-01", "close": 8.91, "volume": 3880643, "typical_volume": 4435069.05, "trend": 9.505, "fair_value": 10.822372, "relative_strength": -23.043151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.44241, "energy": 21.833661, "activity_lines": [ 8.671333, 8.411455, 8.998238, 9.197398 ] }, { "date": "2026-05-08", "close": 8.52, "volume": 5818104, "typical_volume": 4408586.4, "trend": 9.441667, "fair_value": 10.786154, "relative_strength": -29.406594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.653409, "energy": 20.929895, "activity_lines": [ 8.668667, 8.430727, 8.919238, 9.133849 ] }, { "date": "2026-05-15", "close": 8.56, "volume": 6003830, "typical_volume": 4594690.2, "trend": 9.363, "fair_value": 10.742436, "relative_strength": -28.077797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.866738, "energy": 18.864489, "activity_lines": [ 8.642667, 8.477455, 8.846095, 9.076968 ] }, { "date": "2026-05-22", "close": 9.02, "volume": 3069604, "typical_volume": 4623284.2, "trend": 9.264, "fair_value": 10.71, "relative_strength": -24.449816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.362046, "energy": 16.690376, "activity_lines": [ 8.756, 8.611455, 8.818619, 9.054839 ] }, { "date": "2026-05-29", "close": 10.54, "volume": 6989355, "typical_volume": 4699196.1, "trend": 9.261333, "fair_value": 10.673654, "relative_strength": -13.633352, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.718544, "energy": 24.216276, "activity_lines": [ 9.360667, 9.000909, 8.935857, 9.137161 ] }, { "date": "2026-06-05", "close": 8.85, "volume": 6644083, "typical_volume": 4488869.25, "trend": 9.239667, "fair_value": 10.616346, "relative_strength": -23.416464, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.061371, "energy": 14.576823, "activity_lines": [ 9.274, 9.029636, 8.891095, 9.110624 ] }, { "date": "2026-06-12", "close": 8.92, "volume": 4621771, "typical_volume": 4448931.35, "trend": 9.238667, "fair_value": 10.562051, "relative_strength": -23.92244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.699648, "energy": 16.113287, "activity_lines": [ 9.214667, 9.049091, 8.864143, 9.09 ] }, { "date": "2026-06-19", "close": 8.92, "volume": 8911428, "typical_volume": 4683259.05, "trend": 9.251333, "fair_value": 10.514551, "relative_strength": -25.220558, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.204615, "energy": 13.735466, "activity_lines": [ 9.128667, 9.051273, 8.847381, 9.069441 ] }, { "date": "2026-06-26", "close": 8.17, "volume": 3542179, "typical_volume": 4628239.15, "trend": 9.230667, "fair_value": 10.453077, "relative_strength": -27.507883, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.791394, "energy": 26.098371, "activity_lines": [ 8.768667, 8.906727, 8.767667, 8.999677 ] }, { "date": "2026-07-03", "close": 8.135, "volume": 2262323, "typical_volume": 4572935.65, "trend": 9.200167, "fair_value": 10.393814, "relative_strength": -27.587827, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.5038, "energy": 35.314015, "activity_lines": [ 8.453667, 8.767091, 8.699286, 8.928989 ] }, { "date": "2026-07-10", "close": 8.55, "volume": 3422081, "typical_volume": 4620688.7, "trend": 9.1725, "fair_value": 10.318045, "relative_strength": -24.464955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.133165, "energy": 33.086944, "activity_lines": [ 8.437333, 8.711727, 8.683929, 8.887043 ] }, { "date": "2026-07-17", "close": 8.14, "volume": 1966587, "typical_volume": 4523146.0, "trend": 9.1455, "fair_value": 10.240288, "relative_strength": -24.248887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.450705, "energy": 46.551941, "activity_lines": [ 8.304333, 8.588364, 8.638571, 8.82043 ] }, { "date": "2026-07-24", "close": 8.03, "volume": 1744701, "typical_volume": 4199107.8, "trend": 9.114833, "fair_value": 10.172468, "relative_strength": -23.342236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.872232, "energy": 49.032638, "activity_lines": [ 8.186667, 8.451909, 8.589833, 8.748462 ] }, { "date": "2026-07-31", "close": 7.82, "volume": 1993850, "typical_volume": 3960791.5, "trend": 9.075167, "fair_value": 10.117212, "relative_strength": -25.018079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.263631, "energy": 44.311892, "activity_lines": [ 8.058333, 8.286909, 8.524571, 8.664925 ] }, { "date": "2026-08-07", "close": 8.915, "volume": 2524239, "typical_volume": 3892081.35, "trend": 9.028333, "fair_value": 10.078782, "relative_strength": -17.933541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.724889, "energy": 24.663671, "activity_lines": [ 8.318333, 8.342818, 8.563833, 8.654591 ] } ], "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." } } }