{ "ticker": { "uuid": "8555b5b3-924a-4704-b569-29d6f6645bac", "symbol": "HAV-B", "name": "Havsfrun Investment AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -58.839, "architecture_energy": 39.286, "architecture_maturity": 13.351, "architecture_confidence": 94.47, "architecture_tenure": "New", "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": 23.0, "rotation_up": 19.35, "upward_expansion": 5.26, "deceleration": 46.85, "rotation_down": 55.68, "downward_expansion": 80.92 }, "activity_lines": [ 13.174667, 13.268, 13.553857, 13.793972 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.833333 }, "latest_close": 13.06, "trend_reference": 13.915237, "distance_from_trend": -0.06146, "trend_direction": "Weakening", "fair_value": 12.713703, "distance_from_fair_value": 0.027238, "fair_value_direction": "Weakening", "relative_strength": -19.650789, "relative_strength_direction": "Weakening", "price_momentum": -0.007535, "excess_performance": -0.06903, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.06146, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.01177, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.027238, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.034492, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.196508, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.040232, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.007535, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.741381, "read": "Supply-led" } ], "volume": { "latest": 42092, "relative_activity": 1.719877, "balance": 0.741381, "dry_up": 1.02393, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.067028, "annualized_volatility": 0.291633, "from_high_reference": -0.44422, "from_low_reference": 0.029223 }, "levels": { "trend_reference": 13.915237, "fair_value_reference": 12.713703, "structural_low": 12.736186, "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": 26, "median_return": -0.02364, "positive_rate": 0.384615, "directional_follow_through": 0.615385, "median_excess_return": -0.012471, "regime_survival": 0.807692, "best_return": 0.233103, "worst_return": -0.235714, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.069565, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.080034, "regime_survival": 0.444444, "best_return": 0.516252, "worst_return": -0.288435, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.001398, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.015797, "regime_survival": 0.166667, "best_return": 0.175115, "worst_return": -0.147253, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.092255, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.168569, "regime_survival": 0.75, "best_return": 0.555072, "worst_return": -0.337327, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": -0.1875, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.17742, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": 0.050336, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": 0.159794, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": -0.286058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-28", "tenure": "Developing", "return": -0.047297, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": 0.024911, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-02-27", "tenure": "Developing", "return": 0.047138, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": 0.03537, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.067692, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": -0.037584, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-19", "tenure": "Developing", "return": -0.046809, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": -0.014663, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.02099, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.707771, "volume": 14059, "typical_volume": 22932.15, "trend": 13.199137, "fair_value": 16.017306, "relative_strength": -8.360664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.934433, "energy": 42.463936, "activity_lines": [ 11.836392, 11.96891, 12.281156, 12.696559 ] }, { "date": "2023-08-25", "close": 11.77373, "volume": 8883, "typical_volume": 22509.45, "trend": 13.072758, "fair_value": 16.009718, "relative_strength": -7.763074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.68574, "energy": 41.403558, "activity_lines": [ 11.811107, 11.916143, 12.184693, 12.604597 ] }, { "date": "2023-09-01", "close": 11.674791, "volume": 7794, "typical_volume": 20192.5, "trend": 12.980625, "fair_value": 16.00078, "relative_strength": -9.956373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.916835, "energy": 43.14324, "activity_lines": [ 11.739651, 11.847185, 12.089785, 12.514406 ] }, { "date": "2023-09-08", "close": 11.542873, "volume": 10096, "typical_volume": 17480.05, "trend": 12.910688, "fair_value": 15.989802, "relative_strength": -10.529556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.702637, "energy": 39.887463, "activity_lines": [ 11.664897, 11.766535, 12.001211, 12.421647 ] }, { "date": "2023-09-15", "close": 11.427444, "volume": 18595, "typical_volume": 15993.9, "trend": 12.884877, "fair_value": 15.97713, "relative_strength": -11.606174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.757839, "energy": 48.306136, "activity_lines": [ 11.572554, 11.688883, 11.914208, 12.325954 ] }, { "date": "2023-09-22", "close": 10.99871, "volume": 26210, "typical_volume": 16575.95, "trend": 12.782723, "fair_value": 15.957891, "relative_strength": -13.02817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.017482, "energy": 57.538052, "activity_lines": [ 11.363684, 11.54707, 11.801449, 12.204266 ] }, { "date": "2023-09-29", "close": 10.042299, "volume": 33405, "typical_volume": 16290.8, "trend": 12.643473, "fair_value": 15.927748, "relative_strength": -19.570906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.308338, "energy": 77.749801, "activity_lines": [ 10.88328, 11.251753, 11.614329, 12.027465 ] }, { "date": "2023-10-06", "close": 8.822054, "volume": 16483, "typical_volume": 16169.1, "trend": 12.472935, "fair_value": 15.891453, "relative_strength": -28.820383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.882759, "energy": 91.509752, "activity_lines": [ 10.111557, 10.762455, 11.322459, 11.780921 ] }, { "date": "2023-10-13", "close": 8.624176, "volume": 17967, "typical_volume": 16226.35, "trend": 12.303101, "fair_value": 15.852457, "relative_strength": -30.984705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.269318, "energy": 95.050314, "activity_lines": [ 9.464057, 10.300141, 11.029412, 11.532614 ] }, { "date": "2023-10-20", "close": 8.426297, "volume": 50957, "typical_volume": 17285.7, "trend": 12.112593, "fair_value": 15.813387, "relative_strength": -28.457237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.174587, "energy": 91.009884, "activity_lines": [ 8.945177, 9.860612, 10.737306, 11.282498 ] }, { "date": "2023-10-27", "close": 8.640664, "volume": 32808, "typical_volume": 17702.45, "trend": 11.923494, "fair_value": 15.77569, "relative_strength": -25.236802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.192292, "energy": 87.029695, "activity_lines": [ 8.69783, 9.521821, 10.484384, 11.058503 ] }, { "date": "2023-11-03", "close": 8.591195, "volume": 27949, "typical_volume": 18426.15, "trend": 11.740567, "fair_value": 15.737677, "relative_strength": -27.842358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.137764, "energy": 69.845489, "activity_lines": [ 8.591195, 9.229801, 10.242533, 10.843516 ] }, { "date": "2023-11-10", "close": 8.541726, "volume": 26974, "typical_volume": 19128.0, "trend": 11.503847, "fair_value": 15.700778, "relative_strength": -27.443477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.597606, "energy": 60.754995, "activity_lines": [ 8.564811, 8.986651, 10.011597, 10.637139 ] }, { "date": "2023-11-17", "close": 8.871523, "volume": 17509, "typical_volume": 19169.65, "trend": 11.326857, "fair_value": 15.662175, "relative_strength": -27.08354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.131362, "energy": 54.94103, "activity_lines": [ 8.667049, 8.860429, 9.830209, 10.467311 ] }, { "date": "2023-11-24", "close": 10.866791, "volume": 36804, "typical_volume": 20154.5, "trend": 11.202633, "fair_value": 15.634452, "relative_strength": -11.695731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.516716, "energy": 27.851874, "activity_lines": [ 9.417885, 9.145553, 9.857849, 10.43763 ] }, { "date": "2023-12-01", "close": 10.487525, "volume": 11932, "typical_volume": 20248.3, "trend": 11.068516, "fair_value": 15.602389, "relative_strength": -15.316495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.421444, "energy": 21.879689, "activity_lines": [ 9.8796, 9.371914, 9.855651, 10.391494 ] }, { "date": "2023-12-08", "close": 10.701892, "volume": 13167, "typical_volume": 20264.25, "trend": 11.010252, "fair_value": 15.572655, "relative_strength": -15.716232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.932064, "energy": 22.249525, "activity_lines": [ 10.289647, 9.646544, 9.881642, 10.367841 ] }, { "date": "2023-12-15", "close": 11.526383, "volume": 18824, "typical_volume": 20354.35, "trend": 10.976723, "fair_value": 15.545342, "relative_strength": -11.871096, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.594181, "energy": 26.974035, "activity_lines": [ 10.833811, 10.059089, 9.990317, 10.401139 ] }, { "date": "2023-12-22", "close": 12.021077, "volume": 30589, "typical_volume": 21542.85, "trend": 10.951438, "fair_value": 15.526928, "relative_strength": -7.575714, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.747703, "energy": 37.641369, "activity_lines": [ 11.343896, 10.512409, 10.149719, 10.468517 ] }, { "date": "2023-12-29", "close": 12.317894, "volume": 19639, "typical_volume": 22032.2, "trend": 10.949789, "fair_value": 15.50803, "relative_strength": -5.952914, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.011213, "energy": 53.517045, "activity_lines": [ 11.742949, 10.957934, 10.336603, 10.556675 ] }, { "date": "2024-01-05", "close": 12.169487, "volume": 14933, "typical_volume": 22075.9, "trend": 10.956935, "fair_value": 15.485794, "relative_strength": -4.566731, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.521764, "energy": 59.848113, "activity_lines": [ 11.995793, 11.305719, 10.506998, 10.635366 ] }, { "date": "2024-01-12", "close": 13.076426, "volume": 15039, "typical_volume": 22383.7, "trend": 10.99706, "fair_value": 15.455528, "relative_strength": 1.862404, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.615717, "energy": 64.133657, "activity_lines": [ 12.43882, 11.754242, 10.76157, 10.772107 ] }, { "date": "2024-01-19", "close": 12.054057, "volume": 23990, "typical_volume": 23193.5, "trend": 10.987166, "fair_value": 15.427778, "relative_strength": -3.350017, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.64032, "energy": 60.903362, "activity_lines": [ 12.382754, 11.935331, 10.912569, 10.8403 ] }, { "date": "2024-01-26", "close": 14.445082, "volume": 57335, "typical_volume": 25555.45, "trend": 11.039934, "fair_value": 15.414401, "relative_strength": 12.689075, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 86.260964, "energy": 79.866637, "activity_lines": [ 13.088519, 12.48729, 11.28948, 11.063392 ] }, { "date": "2024-02-02", "close": 12.614711, "volume": 49098, "typical_volume": 27080.6, "trend": 11.054225, "fair_value": 15.386426, "relative_strength": -1.158074, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.211065, "energy": 57.283359, "activity_lines": [ 13.02256, 12.605117, 11.478249, 11.16499 ] }, { "date": "2024-02-09", "close": 11.707771, "volume": 36197, "typical_volume": 27579.95, "trend": 11.040483, "fair_value": 15.352638, "relative_strength": -7.256534, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.445905, "energy": 39.702592, "activity_lines": [ 12.634499, 12.526266, 11.574989, 11.207155 ] }, { "date": "2024-02-16", "close": 11.872669, "volume": 27638, "typical_volume": 27291.6, "trend": 11.050377, "fair_value": 15.318952, "relative_strength": -7.992676, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.556388, "energy": 29.648088, "activity_lines": [ 12.332186, 12.45521, 11.684057, 11.260844 ] }, { "date": "2024-02-23", "close": 11.312016, "volume": 26594, "typical_volume": 27797.15, "trend": 11.017947, "fair_value": 15.280717, "relative_strength": -12.750808, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.26957, "energy": 21.52643, "activity_lines": [ 11.923238, 12.26093, 11.731014, 11.277724 ] }, { "date": "2024-03-01", "close": 12.235445, "volume": 25121, "typical_volume": 28154.85, "trend": 11.030589, "fair_value": 15.242674, "relative_strength": -6.172122, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.338343, "energy": 21.33672, "activity_lines": [ 11.87157, 12.238444, 11.854059, 11.356272 ] }, { "date": "2024-03-08", "close": 12.185976, "volume": 16710, "typical_volume": 26442.5, "trend": 11.042682, "fair_value": 15.210041, "relative_strength": -7.043381, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.640866, "energy": 17.595245, "activity_lines": [ 11.950721, 12.203065, 11.955197, 11.430813 ] }, { "date": "2024-03-15", "close": 12.185976, "volume": 18264, "typical_volume": 25715.3, "trend": 11.058622, "fair_value": 15.169294, "relative_strength": -8.137899, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.909715, "energy": 15.831163, "activity_lines": [ 12.058455, 12.170086, 12.038431, 11.504574 ] }, { "date": "2024-03-22", "close": 11.988098, "volume": 19201, "typical_volume": 25277.9, "trend": 11.065768, "fair_value": 15.117731, "relative_strength": -8.972145, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.217703, "energy": 18.339917, "activity_lines": [ 12.068349, 12.100828, 12.085938, 11.56454 ] }, { "date": "2024-03-29", "close": 12.77961, "volume": 21559, "typical_volume": 25007.15, "trend": 11.102595, "fair_value": 15.06599, "relative_strength": -1.848105, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.688367, "energy": 28.021913, "activity_lines": [ 12.334384, 12.19527, 12.19265, 11.675111 ] }, { "date": "2024-04-05", "close": 12.985732, "volume": 30515, "typical_volume": 25657.45, "trend": 11.15069, "fair_value": 14.974996, "relative_strength": 0.743436, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 55.234082, "energy": 31.611297, "activity_lines": [ 12.571288, 12.313997, 12.298813, 11.796603 ] }, { "date": "2024-04-12", "close": 13.315528, "volume": 57053, "typical_volume": 26669.9, "trend": 11.213626, "fair_value": 14.92693, "relative_strength": 3.849325, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.999106, "energy": 45.133968, "activity_lines": [ 12.868105, 12.51922, 12.416794, 11.93627 ] }, { "date": "2024-04-19", "close": 11.645595, "volume": 54775, "typical_volume": 28812.05, "trend": 11.235189, "fair_value": 14.848156, "relative_strength": -8.425025, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.972297, "energy": 25.69317, "activity_lines": [ 12.532973, 12.408077, 12.364073, 11.964139 ] }, { "date": "2024-04-26", "close": 11.469811, "volume": 25446, "typical_volume": 29426.0, "trend": 11.282773, "fair_value": 14.788813, "relative_strength": -11.115615, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.198089, "energy": 8.195338, "activity_lines": [ 12.175273, 12.266104, 12.289096, 11.979276 ] }, { "date": "2024-05-03", "close": 11.601648, "volume": 10334, "typical_volume": 29001.5, "trend": 11.375426, "fair_value": 14.732821, "relative_strength": -8.806621, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.448196, "energy": 9.974056, "activity_lines": [ 11.89607, 12.155425, 12.223018, 11.999849 ] }, { "date": "2024-05-10", "close": 11.601648, "volume": 17524, "typical_volume": 28348.25, "trend": 11.474675, "fair_value": 14.690367, "relative_strength": -11.461187, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.730898, "energy": 17.235851, "activity_lines": [ 11.695399, 12.039481, 12.156581, 12.014444 ] }, { "date": "2024-05-17", "close": 10.898519, "volume": 43745, "typical_volume": 29553.55, "trend": 11.557082, "fair_value": 14.654687, "relative_strength": -15.587271, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.853091, "energy": 39.701807, "activity_lines": [ 11.352623, 11.807219, 12.025177, 11.977272 ] }, { "date": "2024-05-24", "close": 10.98641, "volume": 39885, "typical_volume": 30801.15, "trend": 11.635274, "fair_value": 14.602774, "relative_strength": -15.156592, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.801546, "energy": 48.826431, "activity_lines": [ 11.200278, 11.614345, 11.908903, 11.940455 ] }, { "date": "2024-05-31", "close": 11.162192, "volume": 24334, "typical_volume": 31265.9, "trend": 11.720974, "fair_value": 14.554996, "relative_strength": -12.746904, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.836822, "energy": 46.946263, "activity_lines": [ 11.150473, 11.475241, 11.815004, 11.909933 ] }, { "date": "2024-06-07", "close": 11.645595, "volume": 13936, "typical_volume": 30763.2, "trend": 11.824436, "fair_value": 14.503548, "relative_strength": -9.376773, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.383974, "energy": 34.092907, "activity_lines": [ 11.282311, 11.439046, 11.776258, 11.90507 ] }, { "date": "2024-06-14", "close": 11.425867, "volume": 18405, "typical_volume": 28816.7, "trend": 11.909581, "fair_value": 14.451444, "relative_strength": -8.701514, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.301031, "energy": 28.778257, "activity_lines": [ 11.337975, 11.383519, 11.718531, 11.879356 ] }, { "date": "2024-06-21", "close": 11.206139, "volume": 14240, "typical_volume": 27073.8, "trend": 11.920893, "fair_value": 14.398934, "relative_strength": -10.467921, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.304259, "energy": 24.351376, "activity_lines": [ 11.332116, 11.316402, 11.654255, 11.833973 ] }, { "date": "2024-06-28", "close": 10.459062, "volume": 60723, "typical_volume": 28300.1, "trend": 11.919944, "fair_value": 14.344643, "relative_strength": -15.797544, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.003097, "energy": 37.240393, "activity_lines": [ 11.056723, 11.151805, 11.525535, 11.739661 ] }, { "date": "2024-07-05", "close": 10.546953, "volume": 28555, "typical_volume": 28345.95, "trend": 11.914779, "fair_value": 14.28891, "relative_strength": -14.217341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.83595, "energy": 50.866779, "activity_lines": [ 10.845784, 11.024763, 11.411133, 11.651081 ] }, { "date": "2024-07-12", "close": 10.854573, "volume": 17342, "typical_volume": 27883.35, "trend": 11.892386, "fair_value": 14.2354, "relative_strength": -13.765296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.802993, "energy": 53.215746, "activity_lines": [ 10.778401, 10.97043, 11.332341, 11.582681 ] }, { "date": "2024-07-19", "close": 10.634845, "volume": 15077, "typical_volume": 27381.15, "trend": 11.846178, "fair_value": 14.178476, "relative_strength": -13.169701, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.391518, "energy": 63.162912, "activity_lines": [ 10.690509, 10.88973, 11.234801, 11.501549 ] }, { "date": "2024-07-26", "close": 11.337976, "volume": 16302, "typical_volume": 27360.75, "trend": 11.813514, "fair_value": 14.123802, "relative_strength": -7.326112, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.447209, "energy": 36.136584, "activity_lines": [ 10.88973, 10.95445, 11.211847, 11.468762 ] }, { "date": "2024-08-02", "close": 10.766682, "volume": 19513, "typical_volume": 27423.2, "trend": 11.766754, "fair_value": 14.067472, "relative_strength": -7.634402, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.911173, "energy": 31.375698, "activity_lines": [ 10.88973, 10.907308, 11.138523, 11.401224 ] }, { "date": "2024-08-09", "close": 10.415117, "volume": 21470, "typical_volume": 27536.65, "trend": 11.678043, "fair_value": 14.009641, "relative_strength": -9.930671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.350186, "energy": 34.910227, "activity_lines": [ 10.752034, 10.800241, 11.038474, 11.314022 ] }, { "date": "2024-08-16", "close": 10.503008, "volume": 9673, "typical_volume": 26942.35, "trend": 11.626342, "fair_value": 13.959141, "relative_strength": -11.367146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.187049, "energy": 35.962915, "activity_lines": [ 10.652423, 10.722736, 10.954287, 11.238213 ] }, { "date": "2024-08-23", "close": 10.151443, "volume": 21119, "typical_volume": 26472.55, "trend": 11.48322, "fair_value": 13.898868, "relative_strength": -14.679405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.041574, "energy": 56.993599, "activity_lines": [ 10.459063, 10.602086, 10.847458, 11.143058 ] }, { "date": "2024-08-30", "close": 9.66804, "volume": 39823, "typical_volume": 25611.05, "trend": 11.384998, "fair_value": 13.834994, "relative_strength": -19.351667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.990768, "energy": 74.674434, "activity_lines": [ 10.136794, 10.416715, 10.708088, 11.02595 ] }, { "date": "2024-09-06", "close": 9.66804, "volume": 20847, "typical_volume": 23914.65, "trend": 11.317007, "fair_value": 13.775382, "relative_strength": -15.117057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.91503, "energy": 76.214156, "activity_lines": [ 9.925855, 10.259309, 10.586086, 10.915178 ] }, { "date": "2024-09-13", "close": 9.66804, "volume": 18881, "typical_volume": 23586.4, "trend": 11.243519, "fair_value": 13.719029, "relative_strength": -16.118644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.760412, "energy": 77.978624, "activity_lines": [ 9.788158, 10.116286, 10.473501, 10.808794 ] }, { "date": "2024-09-20", "close": 10.107497, "volume": 32442, "typical_volume": 24691.8, "trend": 11.203369, "fair_value": 13.662484, "relative_strength": -13.719535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.154461, "energy": 65.173509, "activity_lines": [ 9.846753, 10.069144, 10.41135, 10.735502 ] }, { "date": "2024-09-27", "close": 9.58015, "volume": 55900, "typical_volume": 26610.6, "trend": 11.114859, "fair_value": 13.606069, "relative_strength": -19.739628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.15657, "energy": 51.155295, "activity_lines": [ 9.755932, 9.939705, 10.30609, 10.630778 ] }, { "date": "2024-10-04", "close": 9.096748, "volume": 33424, "typical_volume": 26094.55, "trend": 11.011885, "fair_value": 13.555581, "relative_strength": -22.547758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.220165, "energy": 54.396065, "activity_lines": [ 9.542063, 9.74155, 10.164417, 10.500577 ] }, { "date": "2024-10-11", "close": 9.272531, "volume": 27102, "typical_volume": 25455.4, "trend": 10.91477, "fair_value": 13.496692, "relative_strength": -20.470359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.217261, "energy": 51.015385, "activity_lines": [ 9.424875, 9.616105, 10.048066, 10.388361 ] }, { "date": "2024-10-18", "close": 10.283279, "volume": 17237, "typical_volume": 25100.55, "trend": 10.857943, "fair_value": 13.439018, "relative_strength": -11.956437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.815426, "energy": 39.682251, "activity_lines": [ 9.670971, 9.701599, 10.036138, 10.34762 ] }, { "date": "2024-10-25", "close": 10.415117, "volume": 25093, "typical_volume": 25658.4, "trend": 10.779126, "fair_value": 13.392719, "relative_strength": -10.682661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.020973, "energy": 23.852206, "activity_lines": [ 9.919996, 9.813461, 10.040951, 10.31905 ] }, { "date": "2024-11-01", "close": 10.854573, "volume": 23600, "typical_volume": 25918.15, "trend": 10.708088, "fair_value": 13.340963, "relative_strength": -5.72044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.806169, "energy": 14.901827, "activity_lines": [ 10.294999, 10.006822, 10.093476, 10.323918 ] }, { "date": "2024-11-08", "close": 10.898519, "volume": 19873, "typical_volume": 26199.8, "trend": 10.627521, "fair_value": 13.284476, "relative_strength": -5.48436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.291263, "energy": 22.828155, "activity_lines": [ 10.599688, 10.195389, 10.152908, 10.336204 ] }, { "date": "2024-11-15", "close": 10.98641, "volume": 22079, "typical_volume": 24267.6, "trend": 10.605548, "fair_value": 13.232312, "relative_strength": -3.013335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.759261, "energy": 32.887778, "activity_lines": [ 10.813557, 10.377563, 10.222174, 10.359358 ] }, { "date": "2024-11-22", "close": 12.041105, "volume": 35549, "typical_volume": 24617.3, "trend": 10.624591, "fair_value": 13.183149, "relative_strength": 6.162033, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.281836, "energy": 60.424477, "activity_lines": [ 11.264732, 10.72753, 10.389377, 10.451974 ] }, { "date": "2024-11-29", "close": 10.722736, "volume": 46540, "typical_volume": 26077.2, "trend": 10.595294, "fair_value": 13.112498, "relative_strength": -5.29259, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.084863, "energy": 41.027375, "activity_lines": [ 11.159263, 10.794647, 10.423906, 10.458306 ] }, { "date": "2024-12-06", "close": 10.239333, "volume": 37234, "typical_volume": 27185.05, "trend": 10.549883, "fair_value": 13.04627, "relative_strength": -12.771626, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.323682, "energy": 15.837014, "activity_lines": [ 10.872151, 10.762687, 10.413024, 10.435341 ] }, { "date": "2024-12-13", "close": 10.283279, "volume": 23149, "typical_volume": 27527.4, "trend": 10.529375, "fair_value": 12.982078, "relative_strength": -10.101228, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.681807, "energy": 7.153445, "activity_lines": [ 10.640704, 10.726731, 10.408211, 10.418141 ] }, { "date": "2024-12-20", "close": 10.810628, "volume": 34566, "typical_volume": 28280.05, "trend": 10.523516, "fair_value": 12.921768, "relative_strength": -2.081428, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.472018, "energy": 7.860465, "activity_lines": [ 10.626055, 10.765084, 10.458644, 10.436286 ] }, { "date": "2024-12-27", "close": 10.942464, "volume": 8311, "typical_volume": 27622.1, "trend": 10.516192, "fair_value": 12.844002, "relative_strength": -1.189728, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.7204, "energy": 7.353513, "activity_lines": [ 10.667071, 10.799441, 10.521423, 10.463315 ] }, { "date": "2025-01-03", "close": 11.074302, "volume": 22621, "typical_volume": 28269.5, "trend": 10.497149, "fair_value": 12.751288, "relative_strength": -0.50217, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.638848, "energy": 18.146061, "activity_lines": [ 10.825276, 10.845784, 10.594247, 10.499322 ] }, { "date": "2025-01-10", "close": 11.821377, "volume": 39246, "typical_volume": 29175.85, "trend": 10.510332, "fair_value": 12.691441, "relative_strength": 6.090704, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.819705, "energy": 43.403305, "activity_lines": [ 11.209068, 11.015973, 10.735501, 10.584756 ] }, { "date": "2025-01-17", "close": 12.304779, "volume": 35355, "typical_volume": 28952.45, "trend": 10.546954, "fair_value": 12.634692, "relative_strength": 6.729698, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.161874, "energy": 59.120992, "activity_lines": [ 11.648524, 11.256476, 10.914841, 10.700527 ] }, { "date": "2025-01-24", "close": 14.941518, "volume": 83730, "typical_volume": 32096.6, "trend": 10.696369, "fair_value": 12.580806, "relative_strength": 27.33737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.94563, "energy": 80.505522, "activity_lines": [ 12.832127, 11.950817, 11.332743, 10.984047 ] }, { "date": "2025-01-31", "close": 13.623148, "volume": 82955, "typical_volume": 35300.3, "trend": 10.798909, "fair_value": 12.518219, "relative_strength": 16.18144, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.251529, "energy": 76.319803, "activity_lines": [ 13.30088, 12.333544, 11.599975, 11.172872 ] }, { "date": "2025-02-07", "close": 12.260833, "volume": 57527, "typical_volume": 36554.55, "trend": 10.845784, "fair_value": 12.445144, "relative_strength": 5.936667, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.968293, "energy": 66.628959, "activity_lines": [ 13.136816, 12.439812, 11.718628, 11.267189 ] }, { "date": "2025-02-14", "close": 14.326278, "volume": 79061, "typical_volume": 37712.6, "trend": 10.968832, "fair_value": 12.394836, "relative_strength": 20.082826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.048541, "energy": 64.132324, "activity_lines": [ 13.582132, 12.893651, 12.023736, 11.491737 ] }, { "date": "2025-02-21", "close": 14.150496, "volume": 87480, "typical_volume": 40415.4, "trend": 11.062582, "fair_value": 12.367718, "relative_strength": 18.00889, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.166472, "energy": 45.483315, "activity_lines": [ 13.80186, 13.241221, 12.289503, 11.697006 ] }, { "date": "2025-02-28", "close": 13.403419, "volume": 75761, "typical_volume": 42848.35, "trend": 11.150474, "fair_value": 12.343833, "relative_strength": 11.785712, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.881451, "energy": 39.351348, "activity_lines": [ 13.649515, 13.382645, 12.460054, 11.848028 ] }, { "date": "2025-03-07", "close": 14.238388, "volume": 43063, "typical_volume": 44139.65, "trend": 11.277916, "fair_value": 12.318532, "relative_strength": 18.388391, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.717126, "energy": 43.863196, "activity_lines": [ 13.878033, 13.628741, 12.690454, 12.047248 ] }, { "date": "2025-03-14", "close": 16.743288, "volume": 139801, "typical_volume": 49875.05, "trend": 11.485925, "fair_value": 12.299511, "relative_strength": 40.766625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.465681, "energy": 54.463414, "activity_lines": [ 14.900501, 14.270347, 13.140583, 12.399853 ] }, { "date": "2025-03-21", "close": 19.687645, "volume": 206983, "typical_volume": 59044.2, "trend": 11.803799, "fair_value": 12.304378, "relative_strength": 66.863108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.202909, "energy": 77.52953, "activity_lines": [ 16.605592, 15.344219, 13.840993, 12.928996 ] }, { "date": "2025-03-28", "close": 17.358528, "volume": 313478, "typical_volume": 73724.45, "trend": 12.060148, "fair_value": 12.285289, "relative_strength": 51.004753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.48201, "energy": 69.609825, "activity_lines": [ 17.176885, 15.851591, 14.27752, 13.287366 ] }, { "date": "2025-04-04", "close": 14.985463, "volume": 133016, "typical_volume": 79271.3, "trend": 12.237396, "fair_value": 12.253496, "relative_strength": 44.081208, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.424997, "energy": 53.964456, "activity_lines": [ 16.743288, 15.835611, 14.457278, 13.476096 ] }, { "date": "2025-04-11", "close": 15.978978, "volume": 189680, "typical_volume": 86977.85, "trend": 12.44776, "fair_value": 12.228071, "relative_strength": 53.179748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.343187, "energy": 41.300574, "activity_lines": [ 16.535394, 15.999471, 14.712614, 13.717488 ] }, { "date": "2025-04-18", "close": 15.980859, "volume": 58112, "typical_volume": 87556.45, "trend": 12.643539, "fair_value": 12.197645, "relative_strength": 46.813322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.141968, "energy": 29.88138, "activity_lines": [ 16.212086, 16.12084, 14.949377, 13.94543 ] }, { "date": "2025-04-25", "close": 14.287086, "volume": 42551, "typical_volume": 87822.3, "trend": 12.800437, "fair_value": 12.188951, "relative_strength": 26.652932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.268921, "energy": 18.204047, "activity_lines": [ 15.375017, 15.866613, 14.99979, 14.051465 ] }, { "date": "2025-05-02", "close": 12.877176, "volume": 56250, "typical_volume": 89477.35, "trend": 12.926451, "fair_value": 12.175732, "relative_strength": 12.198176, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.511787, "energy": 14.362119, "activity_lines": [ 14.428015, 15.356751, 14.896651, 14.056416 ] }, { "date": "2025-05-09", "close": 13.30015, "volume": 30928, "typical_volume": 89295.45, "trend": 13.060705, "fair_value": 12.169736, "relative_strength": 16.039164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.717427, "energy": 16.073068, "activity_lines": [ 13.920761, 14.946945, 14.821443, 14.080526 ] }, { "date": "2025-05-16", "close": 11.796247, "volume": 87634, "typical_volume": 93261.6, "trend": 13.111137, "fair_value": 12.152998, "relative_strength": -1.110175, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.466014, "energy": 25.269507, "activity_lines": [ 13.02456, 14.26558, 14.591152, 13.998948 ] }, { "date": "2025-05-23", "close": 11.608258, "volume": 46696, "typical_volume": 94465.35, "trend": 13.150909, "fair_value": 12.136458, "relative_strength": -0.357996, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.980181, "energy": 33.911738, "activity_lines": [ 12.344544, 13.594437, 14.338891, 13.901988 ] }, { "date": "2025-05-30", "close": 11.655254, "volume": 21047, "typical_volume": 93555.4, "trend": 13.177598, "fair_value": 12.12433, "relative_strength": -0.77074, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.615495, "energy": 42.66602, "activity_lines": [ 11.971701, 13.025204, 14.088563, 13.805494 ] }, { "date": "2025-06-06", "close": 11.702251, "volume": 22843, "typical_volume": 92929.8, "trend": 13.204389, "fair_value": 12.114309, "relative_strength": -1.4584, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.779749, "energy": 44.699973, "activity_lines": [ 11.789979, 12.610558, 13.843502, 13.71031 ] }, { "date": "2025-06-13", "close": 12.172222, "volume": 74191, "typical_volume": 92452.85, "trend": 13.243916, "fair_value": 12.112315, "relative_strength": 4.869514, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.87539, "energy": 34.671808, "activity_lines": [ 11.843243, 12.384204, 13.64607, 13.643719 ] }, { "date": "2025-06-20", "close": 12.407207, "volume": 25869, "typical_volume": 89598.55, "trend": 13.25612, "fair_value": 12.106612, "relative_strength": 7.126117, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.202879, "energy": 25.606548, "activity_lines": [ 12.050029, 12.251724, 13.484204, 13.589738 ] }, { "date": "2025-06-27", "close": 13.723124, "volume": 38489, "typical_volume": 88646.65, "trend": 13.356133, "fair_value": 12.103128, "relative_strength": 15.040292, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.271595, "energy": 12.762852, "activity_lines": [ 12.654725, 12.423442, 13.453454, 13.619867 ] }, { "date": "2025-07-04", "close": 14.005104, "volume": 36194, "typical_volume": 86503.3, "trend": 13.481658, "fair_value": 12.106264, "relative_strength": 16.425524, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.043719, "energy": 9.865183, "activity_lines": [ 13.212422, 12.68748, 13.442595, 13.661736 ] }, { "date": "2025-07-11", "close": 13.535134, "volume": 33813, "typical_volume": 83819.95, "trend": 13.590053, "fair_value": 12.108995, "relative_strength": 10.551597, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.409065, "energy": 14.357158, "activity_lines": [ 13.456806, 12.871195, 13.388507, 13.665186 ] }, { "date": "2025-07-18", "close": 14.240089, "volume": 30042, "typical_volume": 81534.0, "trend": 13.704369, "fair_value": 12.11454, "relative_strength": 15.562197, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.880616, "energy": 23.334316, "activity_lines": [ 13.813983, 13.171121, 13.404488, 13.707124 ] }, { "date": "2025-07-25", "close": 13.676126, "volume": 29737, "typical_volume": 80867.7, "trend": 13.795491, "fair_value": 12.11627, "relative_strength": 8.081281, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.406144, "energy": 15.333618, "activity_lines": [ 13.845315, 13.351419, 13.362774, 13.705302 ] }, { "date": "2025-08-01", "close": 14.710059, "volume": 60117, "typical_volume": 76883.5, "trend": 13.916683, "fair_value": 12.128337, "relative_strength": 18.910469, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.589618, "energy": 23.936831, "activity_lines": [ 14.136696, 13.685525, 13.422208, 13.764306 ] }, { "date": "2025-08-08", "close": 18.234835, "volume": 191712, "typical_volume": 76119.95, "trend": 14.130465, "fair_value": 12.162699, "relative_strength": 41.926027, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.769553, "energy": 62.028048, "activity_lines": [ 15.537207, 14.604103, 13.827016, 14.042897 ] }, { "date": "2025-08-15", "close": 18.892792, "volume": 352169, "typical_volume": 78054.5, "trend": 14.350065, "fair_value": 12.202581, "relative_strength": 43.26754, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.473728, "energy": 73.5938, "activity_lines": [ 16.875055, 15.52268, 14.301405, 14.350143 ] }, { "date": "2025-08-22", "close": 21.148647, "volume": 248701, "typical_volume": 83838.75, "trend": 14.556969, "fair_value": 12.260936, "relative_strength": 55.14449, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.711262, "energy": 90.714481, "activity_lines": [ 18.607677, 16.720676, 14.983331, 14.788762 ] }, { "date": "2025-08-29", "close": 19.550749, "volume": 147195, "typical_volume": 81714.5, "trend": 14.754556, "fair_value": 12.31356, "relative_strength": 44.853862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.010448, "energy": 83.134354, "activity_lines": [ 19.347096, 17.464938, 15.483728, 15.110941 ] }, { "date": "2025-09-05", "close": 15.462012, "volume": 149212, "typical_volume": 86269.5, "trend": 14.861262, "fair_value": 12.345188, "relative_strength": 13.672309, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.199455, "energy": 55.046415, "activity_lines": [ 18.331961, 17.33591, 15.577713, 15.156583 ] }, { "date": "2025-09-12", "close": 13.441141, "volume": 209226, "typical_volume": 94603.25, "trend": 14.831758, "fair_value": 12.344208, "relative_strength": -1.972971, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.585916, "energy": 23.672977, "activity_lines": [ 16.593072, 16.807834, 15.481705, 15.064963 ] }, { "date": "2025-09-19", "close": 13.958108, "volume": 237143, "typical_volume": 103647.9, "trend": 14.825345, "fair_value": 12.343935, "relative_strength": 0.866159, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.049035, "energy": 18.730494, "activity_lines": [ 15.346086, 16.384007, 15.438961, 15.008598 ] }, { "date": "2025-09-26", "close": 13.911111, "volume": 63996, "typical_volume": 105301.3, "trend": 14.842268, "fair_value": 12.350379, "relative_strength": -0.005434, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.908851, "energy": 21.511158, "activity_lines": [ 14.412412, 15.943944, 15.386592, 14.949615 ] }, { "date": "2025-10-03", "close": 14.146096, "volume": 41995, "typical_volume": 103019.35, "trend": 14.839191, "fair_value": 12.36896, "relative_strength": -2.064358, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.131029, "energy": 21.125761, "activity_lines": [ 14.039569, 15.552588, 15.353695, 14.904701 ] }, { "date": "2025-10-10", "close": 14.428078, "volume": 94444, "typical_volume": 105406.75, "trend": 14.762018, "fair_value": 12.384635, "relative_strength": 0.044908, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.032919, "energy": 18.899084, "activity_lines": [ 14.121031, 15.203955, 15.336462, 14.878178 ] }, { "date": "2025-10-17", "close": 15.696998, "volume": 131688, "typical_volume": 110938.8, "trend": 14.628996, "fair_value": 12.412054, "relative_strength": 8.36685, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.336265, "energy": 11.923932, "activity_lines": [ 14.694395, 15.091163, 15.426652, 14.938499 ] }, { "date": "2025-10-24", "close": 15.978978, "volume": 127934, "typical_volume": 116193.35, "trend": 14.583011, "fair_value": 12.44128, "relative_strength": 6.275581, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.026429, "energy": 12.333433, "activity_lines": [ 15.211361, 15.075782, 15.524451, 15.025594 ] }, { "date": "2025-10-31", "close": 14.757056, "volume": 71489, "typical_volume": 116058.25, "trend": 14.575398, "fair_value": 12.457159, "relative_strength": -1.530395, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.440025, "energy": 12.647011, "activity_lines": [ 15.186296, 14.891212, 15.48551, 15.036823 ] }, { "date": "2025-11-07", "close": 14.569069, "volume": 42217, "typical_volume": 116875.65, "trend": 14.528401, "fair_value": 12.472735, "relative_strength": -1.949799, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.924983, "energy": 12.555604, "activity_lines": [ 15.042172, 14.788673, 15.416357, 15.036415 ] }, { "date": "2025-11-14", "close": 14.616066, "volume": 32773, "typical_volume": 116589.85, "trend": 14.482907, "fair_value": 12.490217, "relative_strength": -2.807833, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.160794, "energy": 9.752226, "activity_lines": [ 14.885515, 14.785255, 15.341386, 15.042071 ] }, { "date": "2025-11-21", "close": 13.441141, "volume": 47078, "typical_volume": 117134.05, "trend": 14.454709, "fair_value": 12.500869, "relative_strength": -8.768968, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.686929, "energy": 24.593042, "activity_lines": [ 14.324684, 14.583595, 15.150265, 14.97486 ] }, { "date": "2025-11-28", "close": 13.253153, "volume": 81394, "typical_volume": 119513.1, "trend": 14.467242, "fair_value": 12.510617, "relative_strength": -13.047721, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.700079, "energy": 34.920916, "activity_lines": [ 13.851581, 14.347756, 14.943926, 14.89734 ] }, { "date": "2025-12-05", "close": 13.206156, "volume": 53519, "typical_volume": 120686.95, "trend": 14.464109, "fair_value": 12.52257, "relative_strength": -14.773363, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.457774, "energy": 47.97953, "activity_lines": [ 13.544534, 14.116189, 14.734453, 14.81598 ] }, { "date": "2025-12-12", "close": 13.911111, "volume": 21202, "typical_volume": 120260.2, "trend": 14.534604, "fair_value": 12.542251, "relative_strength": -10.33117, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.888078, "energy": 47.511628, "activity_lines": [ 13.575866, 14.025613, 14.597043, 14.780303 ] }, { "date": "2025-12-19", "close": 13.535134, "volume": 41677, "typical_volume": 119338.2, "trend": 14.598833, "fair_value": 12.556314, "relative_strength": -13.496321, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.45718, "energy": 45.235162, "activity_lines": [ 13.525735, 13.87095, 14.422707, 14.715821 ] }, { "date": "2025-12-26", "close": 13.958108, "volume": 9710, "typical_volume": 110238.1, "trend": 14.675595, "fair_value": 12.571583, "relative_strength": -11.194507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.342885, "energy": 39.821324, "activity_lines": [ 13.688658, 13.809426, 14.294248, 14.674483 ] }, { "date": "2026-01-02", "close": 14.005104, "volume": 42299, "typical_volume": 94744.6, "trend": 14.752357, "fair_value": 12.585048, "relative_strength": -12.026632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.884331, "energy": 23.263509, "activity_lines": [ 13.832782, 13.788064, 14.190631, 14.631226 ] }, { "date": "2026-01-09", "close": 13.817117, "volume": 40690, "typical_volume": 84344.05, "trend": 14.807187, "fair_value": 12.59059, "relative_strength": -15.921558, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.933208, "energy": 22.438485, "activity_lines": [ 13.864114, 13.768411, 14.092385, 14.570888 ] }, { "date": "2026-01-16", "close": 13.441141, "volume": 38722, "typical_volume": 78920.4, "trend": 14.841651, "fair_value": 12.587103, "relative_strength": -19.867368, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.199561, "energy": 25.361236, "activity_lines": [ 13.729389, 13.697488, 13.993244, 14.482756 ] }, { "date": "2026-01-23", "close": 13.629128, "volume": 57265, "typical_volume": 74323.05, "trend": 14.838518, "fair_value": 12.574693, "relative_strength": -17.752359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.59773, "energy": 25.203254, "activity_lines": [ 13.688658, 13.681253, 13.941099, 14.404529 ] }, { "date": "2026-01-30", "close": 13.112162, "volume": 48240, "typical_volume": 66273.75, "trend": 14.808753, "fair_value": 12.566189, "relative_strength": -20.997953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.960641, "energy": 42.486786, "activity_lines": [ 13.469339, 13.588968, 13.848448, 14.293151 ] }, { "date": "2026-02-06", "close": 13.159159, "volume": 60908, "typical_volume": 57462.0, "trend": 14.796221, "fair_value": 12.5631, "relative_strength": -22.984629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.127837, "energy": 41.560809, "activity_lines": [ 13.322082, 13.511209, 13.761839, 14.186725 ] }, { "date": "2026-02-13", "close": 12.736186, "volume": 36761, "typical_volume": 56100.25, "trend": 14.746091, "fair_value": 12.566526, "relative_strength": -25.130621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.96983, "energy": 47.732271, "activity_lines": [ 13.09023, 13.358255, 13.638752, 14.05382 ] }, { "date": "2026-02-20", "close": 13.535134, "volume": 56505, "typical_volume": 56825.75, "trend": 14.741391, "fair_value": 12.56314, "relative_strength": -21.693363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.780731, "energy": 40.998952, "activity_lines": [ 13.196756, 13.35911, 13.59735, 13.975694 ] }, { "date": "2026-02-27", "close": 14.616066, "volume": 36318, "typical_volume": 53919.45, "trend": 14.738258, "fair_value": 12.56568, "relative_strength": -16.435799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.730784, "energy": 13.585525, "activity_lines": [ 13.657327, 13.563333, 13.661803, 13.967608 ] }, { "date": "2026-03-06", "close": 14.616066, "volume": 74607, "typical_volume": 51065.4, "trend": 14.617632, "fair_value": 12.570025, "relative_strength": -11.242107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.804559, "energy": 8.832022, "activity_lines": [ 14.052102, 13.747903, 13.725361, 13.959725 ] }, { "date": "2026-03-13", "close": 15.039039, "volume": 27599, "typical_volume": 46048.65, "trend": 14.489174, "fair_value": 12.578486, "relative_strength": -7.660761, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.785665, "energy": 18.940038, "activity_lines": [ 14.487607, 13.997414, 13.834349, 13.986912 ] }, { "date": "2026-03-20", "close": 15.133033, "volume": 22025, "typical_volume": 43575.45, "trend": 14.288653, "fair_value": 12.584841, "relative_strength": -1.312028, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.135688, "energy": 29.708729, "activity_lines": [ 14.829119, 14.245217, 13.956765, 14.028452 ] }, { "date": "2026-03-27", "close": 16.25, "volume": 63115, "typical_volume": 44620.35, "trend": 14.178628, "fair_value": 12.597254, "relative_strength": 6.441464, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.583455, "energy": 55.90271, "activity_lines": [ 15.383163, 14.672178, 14.183768, 14.15499 ] }, { "date": "2026-04-03", "close": 15.15, "volume": 53871, "typical_volume": 45675.25, "trend": 14.168228, "fair_value": 12.604119, "relative_strength": -3.667574, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.362025, "energy": 57.338402, "activity_lines": [ 15.38955, 14.84807, 14.298006, 14.217659 ] }, { "date": "2026-04-10", "close": 14.9, "volume": 25409, "typical_volume": 44591.8, "trend": 14.216857, "fair_value": 12.599355, "relative_strength": -8.915759, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.131181, "energy": 41.81832, "activity_lines": [ 15.277007, 14.950854, 14.385891, 14.26487 ] }, { "date": "2026-04-17", "close": 14.34, "volume": 39916, "typical_volume": 42517.9, "trend": 14.229586, "fair_value": 12.600372, "relative_strength": -13.609411, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.827857, "energy": 28.440758, "activity_lines": [ 14.958869, 14.919315, 14.413495, 14.272815 ] }, { "date": "2026-04-24", "close": 14.34, "volume": 21081, "typical_volume": 40896.0, "trend": 14.243883, "fair_value": 12.598747, "relative_strength": -10.936938, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.187004, "energy": 16.017334, "activity_lines": [ 14.687333, 14.866305, 14.435925, 14.279939 ] }, { "date": "2026-05-01", "close": 14.1, "volume": 9209, "typical_volume": 40296.35, "trend": 14.242346, "fair_value": 12.596112, "relative_strength": -11.061155, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.46168, "energy": 16.329623, "activity_lines": [ 14.388667, 14.740499, 14.430098, 14.270656 ] }, { "date": "2026-05-08", "close": 13.38, "volume": 35599, "typical_volume": 39992.45, "trend": 14.20741, "fair_value": 12.602075, "relative_strength": -15.627547, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.467748, "energy": 16.128231, "activity_lines": [ 13.993333, 14.473514, 14.3548, 14.215021 ] }, { "date": "2026-05-15", "close": 13.52, "volume": 14377, "typical_volume": 40225.8, "trend": 14.134844, "fair_value": 12.608407, "relative_strength": -13.639539, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.475008, "energy": 20.095215, "activity_lines": [ 13.762667, 14.254456, 14.293574, 14.170672 ] }, { "date": "2026-05-22", "close": 14.76, "volume": 24836, "typical_volume": 39352.65, "trend": 14.094211, "fair_value": 12.621102, "relative_strength": -9.009379, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.853475, "energy": 9.402756, "activity_lines": [ 14.037333, 14.280782, 14.352529, 14.211004 ] }, { "date": "2026-05-29", "close": 14.36, "volume": 22830, "typical_volume": 38459.65, "trend": 14.080976, "fair_value": 12.633875, "relative_strength": -11.217498, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.797209, "energy": 10.071567, "activity_lines": [ 14.150667, 14.239455, 14.369795, 14.228152 ] }, { "date": "2026-06-05", "close": 13.78, "volume": 10622, "typical_volume": 37054.65, "trend": 14.054673, "fair_value": 12.645573, "relative_strength": -14.140231, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.162801, "energy": 5.490854, "activity_lines": [ 14.069333, 14.106727, 14.329237, 14.208734 ] }, { "date": "2026-06-12", "close": 12.98, "volume": 14356, "typical_volume": 34909.2, "trend": 14.000138, "fair_value": 12.652671, "relative_strength": -18.814867, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.735157, "energy": 15.234061, "activity_lines": [ 13.742667, 13.873455, 14.210875, 14.1394 ] }, { "date": "2026-06-19", "close": 13.44, "volume": 16177, "typical_volume": 33306.05, "trend": 14.0001, "fair_value": 12.659653, "relative_strength": -17.398144, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.634067, "energy": 28.41894, "activity_lines": [ 13.596, 13.763273, 14.139414, 14.103262 ] }, { "date": "2026-06-26", "close": 13.64, "volume": 8841, "typical_volume": 30702.7, "trend": 14.012995, "fair_value": 12.66464, "relative_strength": -15.135189, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.315585, "energy": 34.99333, "activity_lines": [ 13.521333, 13.716, 14.08544, 14.08003 ] }, { "date": "2026-07-03", "close": 13.32, "volume": 10992, "typical_volume": 29414.25, "trend": 14.01679, "fair_value": 12.671909, "relative_strength": -19.062532, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.269676, "energy": 47.106229, "activity_lines": [ 13.414667, 13.623273, 13.998699, 14.035321 ] }, { "date": "2026-07-10", "close": 13.44, "volume": 18008, "typical_volume": 27489.4, "trend": 14.001086, "fair_value": 12.68037, "relative_strength": -16.207511, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.906471, "energy": 44.295195, "activity_lines": [ 13.417333, 13.570909, 13.920607, 13.998109 ] }, { "date": "2026-07-17", "close": 13.34, "volume": 16606, "typical_volume": 26503.8, "trend": 13.994581, "fair_value": 12.691679, "relative_strength": -15.580879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.188076, "energy": 39.95528, "activity_lines": [ 13.409333, 13.512364, 13.833444, 13.955458 ] }, { "date": "2026-07-24", "close": 13.16, "volume": 21057, "typical_volume": 23826.3, "trend": 13.967978, "fair_value": 12.697289, "relative_strength": -17.733759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.319426, "energy": 40.965132, "activity_lines": [ 13.317333, 13.421818, 13.735215, 13.901614 ] }, { "date": "2026-07-31", "close": 13.18, "volume": 20483, "typical_volume": 23470.5, "trend": 13.940474, "fair_value": 12.705775, "relative_strength": -18.259771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.447979, "energy": 33.710131, "activity_lines": [ 13.250667, 13.341455, 13.645824, 13.850777 ] }, { "date": "2026-08-07", "close": 13.06, "volume": 42092, "typical_volume": 24473.85, "trend": 13.915237, "fair_value": 12.713703, "relative_strength": -19.650789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.83893, "energy": 39.286327, "activity_lines": [ 13.174667, 13.268, 13.553857, 13.793972 ] } ], "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." } } }