{ "ticker": { "uuid": "86050c1e-1b81-4af9-9a36-d37ba30491de", "symbol": "002075", "name": "Jiangsu Shagang Co., Ltd.", "exchange": "SHZ", "country": "CN", "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": "399001.SZ", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -47.976, "architecture_energy": 38.932, "architecture_maturity": 100.0, "architecture_confidence": 92.51, "architecture_tenure": "Established", "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": 17.28, "rotation_up": 27.85, "upward_expansion": 19.17, "deceleration": 47.0, "rotation_down": 40.49, "downward_expansion": 71.5 }, "activity_lines": [ 3.681333, 3.594511, 3.779186, 4.089149 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 3.96, "trend_reference": 4.555918, "distance_from_trend": -0.130801, "trend_direction": "Weakening", "fair_value": 4.966055, "distance_from_fair_value": -0.202586, "fair_value_direction": "Weakening", "relative_strength": -26.115396, "relative_strength_direction": "Improving", "price_momentum": -0.3125, "excess_performance": -0.3199, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.130801, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.137984, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.202586, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.146254, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.261154, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.072999, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.3125, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.065836, "read": "Demand-led" } ], "volume": { "latest": 294605858, "relative_activity": 2.291652, "balance": 1.065836, "dry_up": 1.533677, "accumulation_observations": 4, "distribution_observations": 5 }, "risk": { "range_context": 0.078611, "annualized_volatility": 0.387297, "from_high_reference": -0.450599, "from_low_reference": 0.226006 }, "levels": { "trend_reference": 4.555918, "fair_value_reference": 4.966055, "structural_low": 3.23, "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": 29, "median_return": 0.003425, "positive_rate": 0.517241, "directional_follow_through": 0.482759, "median_excess_return": 0.004124, "regime_survival": 0.724138, "best_return": 0.27907, "worst_return": -0.179148, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.050435, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.020498, "regime_survival": 0.545455, "best_return": 0.141361, "worst_return": -0.304348, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.048851, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.112723, "regime_survival": 0.428571, "best_return": 0.11402, "worst_return": -0.293425, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.145714, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.065503, "regime_survival": 0.5, "best_return": 0.571415, "worst_return": -0.363733, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": -0.023897, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.034783, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.018487, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.16129, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.005137, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-20", "tenure": "Developing", "return": -0.098639, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.060606, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": 0.0199, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": -0.075117, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.063333, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-11-07", "tenure": "Developing", "return": 0.025423, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": 0.045217, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-03-20", "tenure": "Established", "return": -0.16443, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": -0.180124, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 4.140164, "volume": 94523652, "typical_volume": 64452845.95, "trend": 3.957404, "fair_value": 6.730288, "relative_strength": 6.898988, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.302726, "energy": 51.429703, "activity_lines": [ 4.00703, 3.954465, 3.900875, 3.931446 ] }, { "date": "2023-08-04", "close": 4.179131, "volume": 133615358, "typical_volume": 62873289.25, "trend": 3.970669, "fair_value": 6.687633, "relative_strength": 6.505686, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.638186, "energy": 63.331597, "activity_lines": [ 4.074571, 4.003116, 3.926978, 3.945751 ] }, { "date": "2023-08-11", "close": 3.99404, "volume": 69218046, "typical_volume": 61247265.65, "trend": 3.975199, "fair_value": 6.649018, "relative_strength": 5.747567, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.461906, "energy": 52.072754, "activity_lines": [ 4.062232, 4.010528, 3.935345, 3.947259 ] }, { "date": "2023-08-18", "close": 3.99404, "volume": 57063598, "typical_volume": 59886998.15, "trend": 3.981654, "fair_value": 6.609741, "relative_strength": 9.092391, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.650644, "energy": 41.477479, "activity_lines": [ 4.047294, 4.015295, 3.943936, 3.948474 ] }, { "date": "2023-08-25", "close": 3.867401, "volume": 63086262, "typical_volume": 60255536.25, "trend": 3.977793, "fair_value": 6.561483, "relative_strength": 8.837272, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -10.574988, "energy": 10.767154, "activity_lines": [ 3.986247, 3.994041, 3.940459, 3.941103 ] }, { "date": "2023-09-01", "close": 3.955074, "volume": 100447721, "typical_volume": 61466947.45, "trend": 3.971082, "fair_value": 6.515469, "relative_strength": 7.527695, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.377497, "energy": 9.666906, "activity_lines": [ 3.95962, 3.989967, 3.945793, 3.939637 ] }, { "date": "2023-09-08", "close": 3.906367, "volume": 71160268, "typical_volume": 60977404.55, "trend": 3.962427, "fair_value": 6.46626, "relative_strength": 7.845587, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.385174, "energy": 13.149212, "activity_lines": [ 3.929097, 3.975266, 3.946667, 3.935462 ] }, { "date": "2023-09-15", "close": 3.99404, "volume": 55268160, "typical_volume": 59504971.9, "trend": 3.956694, "fair_value": 6.417492, "relative_strength": 11.463791, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.081642, "energy": 8.876765, "activity_lines": [ 3.945982, 3.976506, 3.955433, 3.937502 ] }, { "date": "2023-09-22", "close": 3.935592, "volume": 48145965, "typical_volume": 60756146.6, "trend": 3.944523, "fair_value": 6.370392, "relative_strength": 9.250573, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.18314, "energy": 5.724567, "activity_lines": [ 3.943385, 3.96641, 3.957573, 3.93614 ] }, { "date": "2023-09-29", "close": 3.857659, "volume": 63116738, "typical_volume": 60517027.5, "trend": 3.928472, "fair_value": 6.320689, "relative_strength": 7.647203, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.573575, "energy": 12.101185, "activity_lines": [ 3.918706, 3.942145, 3.951555, 3.930536 ] }, { "date": "2023-10-13", "close": 3.828434, "volume": 66267508, "typical_volume": 61540122.3, "trend": 3.920426, "fair_value": 6.273143, "relative_strength": 7.111966, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.228469, "energy": 18.969737, "activity_lines": [ 3.884935, 3.91416, 3.942343, 3.924082 ] }, { "date": "2023-10-20", "close": 3.731019, "volume": 43571006, "typical_volume": 61354772.25, "trend": 3.906247, "fair_value": 6.225092, "relative_strength": 9.511649, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.193357, "energy": 40.543652, "activity_lines": [ 3.827135, 3.874131, 3.923263, 3.911862 ] }, { "date": "2023-10-27", "close": 3.867401, "volume": 76987045, "typical_volume": 62823301.45, "trend": 3.900462, "fair_value": 6.177074, "relative_strength": 10.851256, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.540912, "energy": 32.543197, "activity_lines": [ 3.826486, 3.867046, 3.917318, 3.909356 ] }, { "date": "2023-11-03", "close": 3.828434, "volume": 54261898, "typical_volume": 63341644.4, "trend": 3.894982, "fair_value": 6.127785, "relative_strength": 8.62946, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.031268, "energy": 32.195675, "activity_lines": [ 3.821291, 3.855179, 3.907573, 3.904709 ] }, { "date": "2023-11-10", "close": 3.760243, "volume": 54918294, "typical_volume": 63604055.6, "trend": 3.888191, "fair_value": 6.072472, "relative_strength": 5.244502, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.728316, "energy": 35.473205, "activity_lines": [ 3.800508, 3.833925, 3.891337, 3.896016 ] }, { "date": "2023-11-17", "close": 4.003782, "volume": 292343231, "typical_volume": 76466844.1, "trend": 3.888555, "fair_value": 6.019262, "relative_strength": 11.699683, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.977266, "energy": 4.547779, "activity_lines": [ 3.8674, 3.858899, 3.89913, 3.903474 ] }, { "date": "2023-11-24", "close": 3.906367, "volume": 110486968, "typical_volume": 79290925.2, "trend": 3.891767, "fair_value": 5.966508, "relative_strength": 10.265925, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.291675, "energy": 3.838947, "activity_lines": [ 3.890131, 3.865275, 3.89695, 3.904623 ] }, { "date": "2023-12-01", "close": 3.886884, "volume": 63178048, "typical_volume": 79660143.1, "trend": 3.895611, "fair_value": 5.904377, "relative_strength": 10.775156, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.035321, "energy": 5.251617, "activity_lines": [ 3.894677, 3.868109, 3.892914, 3.904308 ] }, { "date": "2023-12-08", "close": 3.818693, "volume": 43514774, "typical_volume": 79927902.45, "trend": 3.896862, "fair_value": 5.8337, "relative_strength": 10.532667, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.399386, "energy": 8.595307, "activity_lines": [ 3.875194, 3.860493, 3.882709, 3.899346 ] }, { "date": "2023-12-15", "close": 3.731019, "volume": 51281349, "typical_volume": 80622794.45, "trend": 3.895511, "fair_value": 5.757295, "relative_strength": 9.681835, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.053195, "energy": 34.729605, "activity_lines": [ 3.827136, 3.839062, 3.86471, 3.888646 ] }, { "date": "2023-12-22", "close": 3.662828, "volume": 43992458, "typical_volume": 78096234.75, "trend": 3.894132, "fair_value": 5.699135, "relative_strength": 9.350573, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.892665, "energy": 56.46218, "activity_lines": [ 3.758295, 3.807534, 3.841238, 3.873634 ] }, { "date": "2023-12-29", "close": 3.721277, "volume": 35016743, "typical_volume": 73166304.0, "trend": 3.892777, "fair_value": 5.650781, "relative_strength": 7.335863, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.605587, "energy": 58.519673, "activity_lines": [ 3.731668, 3.789645, 3.825605, 3.862482 ] }, { "date": "2024-01-05", "close": 3.692053, "volume": 31115002, "typical_volume": 71261151.8, "trend": 3.887561, "fair_value": 5.604042, "relative_strength": 10.925661, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.615968, "energy": 63.204007, "activity_lines": [ 3.707639, 3.76662, 3.809369, 3.849532 ] }, { "date": "2024-01-12", "close": 3.662828, "volume": 29134280, "typical_volume": 69864685.9, "trend": 3.882013, "fair_value": 5.562042, "relative_strength": 11.143611, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.617894, "energy": 63.250896, "activity_lines": [ 3.686857, 3.741469, 3.791788, 3.835033 ] }, { "date": "2024-01-19", "close": 3.438772, "volume": 53732038, "typical_volume": 69396974.7, "trend": 3.865452, "fair_value": 5.517104, "relative_strength": 6.539072, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.767704, "energy": 74.261343, "activity_lines": [ 3.601781, 3.678592, 3.754445, 3.806437 ] }, { "date": "2024-01-26", "close": 3.438772, "volume": 76181750, "typical_volume": 68183676.15, "trend": 3.851489, "fair_value": 5.473247, "relative_strength": 6.477525, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.384258, "energy": 78.924453, "activity_lines": [ 3.536188, 3.621559, 3.719143, 3.77891 ] }, { "date": "2024-02-02", "close": 3.039368, "volume": 65830706, "typical_volume": 67917198.05, "trend": 3.822589, "fair_value": 5.428511, "relative_strength": 2.125924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.115389, "energy": 92.404184, "activity_lines": [ 3.352397, 3.502181, 3.648262, 3.726515 ] }, { "date": "2024-02-09", "close": 3.166008, "volume": 93385847, "typical_volume": 69823082.4, "trend": 3.796287, "fair_value": 5.383086, "relative_strength": -2.914489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.427439, "energy": 88.119678, "activity_lines": [ 3.25628, 3.421591, 3.59357, 3.684155 ] }, { "date": "2024-02-23", "close": 3.30239, "volume": 63068623, "typical_volume": 70569215.3, "trend": 3.77518, "fair_value": 5.339496, "relative_strength": -1.593981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.281788, "energy": 85.093944, "activity_lines": [ 3.240693, 3.378906, 3.55581, 3.65229 ] }, { "date": "2024-03-01", "close": 3.351098, "volume": 69546925, "typical_volume": 70890724.65, "trend": 3.755373, "fair_value": 5.302466, "relative_strength": -4.007198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.096631, "energy": 73.244496, "activity_lines": [ 3.265372, 3.354463, 3.525704, 3.62493 ] }, { "date": "2024-03-08", "close": 3.92585, "volume": 323690512, "typical_volume": 83761874.85, "trend": 3.748229, "fair_value": 5.273566, "relative_strength": 12.927356, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.246598, "energy": 16.726729, "activity_lines": [ 3.48748, 3.441429, 3.552748, 3.635929 ] }, { "date": "2024-03-15", "close": 4.247322, "volume": 682687907, "typical_volume": 115717719.9, "trend": 3.750502, "fair_value": 5.245105, "relative_strength": 18.611681, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.128885, "energy": 31.283816, "activity_lines": [ 3.784273, 3.582062, 3.609945, 3.668128 ] }, { "date": "2024-03-22", "close": 4.42267, "volume": 460965903, "typical_volume": 134916662.8, "trend": 3.76479, "fair_value": 5.213202, "relative_strength": 23.437991, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.090302, "energy": 47.200937, "activity_lines": [ 4.058985, 3.745011, 3.681383, 3.711494 ] }, { "date": "2024-03-29", "close": 4.286288, "volume": 223164653, "typical_volume": 143361800.55, "trend": 3.774531, "fair_value": 5.181926, "relative_strength": 21.18373, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.441394, "energy": 46.7885, "activity_lines": [ 4.204459, 3.86988, 3.737189, 3.745139 ] }, { "date": "2024-04-05", "close": 4.247322, "volume": 127082256, "typical_volume": 146969998.65, "trend": 3.787195, "fair_value": 5.14944, "relative_strength": 17.684004, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.995842, "energy": 64.886081, "activity_lines": [ 4.271351, 3.976329, 3.787103, 3.775642 ] }, { "date": "2024-04-12", "close": 4.013524, "volume": 221643712, "typical_volume": 143435022.7, "trend": 3.789143, "fair_value": 5.117798, "relative_strength": 14.470781, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.286392, "energy": 63.172381, "activity_lines": [ 4.200562, 4.025568, 3.812431, 3.790243 ] }, { "date": "2024-04-19", "close": 3.99404, "volume": 200780251, "typical_volume": 147949686.85, "trend": 3.792066, "fair_value": 5.086811, "relative_strength": 12.720227, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.135339, "energy": 37.250473, "activity_lines": [ 4.117434, 4.060815, 3.835857, 3.803463 ] }, { "date": "2024-04-26", "close": 3.92585, "volume": 127538198, "typical_volume": 151167694.35, "trend": 3.789793, "fair_value": 5.055809, "relative_strength": 8.219699, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.024155, "energy": 23.546246, "activity_lines": [ 4.028461, 4.066306, 3.852371, 3.812094 ] }, { "date": "2024-05-03", "close": 3.906367, "volume": 60993032, "typical_volume": 152041607.25, "trend": 3.788819, "fair_value": 5.025762, "relative_strength": 5.901755, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.525215, "energy": 19.559136, "activity_lines": [ 3.966115, 4.054439, 3.866844, 3.819615 ] }, { "date": "2024-05-10", "close": 4.11094, "volume": 223288017, "typical_volume": 160641940.65, "trend": 3.797261, "fair_value": 4.989098, "relative_strength": 9.306468, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.023891, "energy": 19.166916, "activity_lines": [ 3.997288, 4.068785, 3.900383, 3.840397 ] }, { "date": "2024-05-17", "close": 4.598018, "volume": 351561586, "typical_volume": 176020397.05, "trend": 3.822914, "fair_value": 4.956276, "relative_strength": 21.71232, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.481258, "energy": 40.972638, "activity_lines": [ 4.199913, 4.157876, 3.978501, 3.892058 ] }, { "date": "2024-05-24", "close": 4.266805, "volume": 216079818, "typical_volume": 185073550.8, "trend": 3.840774, "fair_value": 4.921992, "relative_strength": 15.729031, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.11888, "energy": 44.754603, "activity_lines": [ 4.253167, 4.174526, 4.020622, 3.920697 ] }, { "date": "2024-05-31", "close": 4.159647, "volume": 143306446, "typical_volume": 190683123.0, "trend": 3.850515, "fair_value": 4.889545, "relative_strength": 12.935913, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.167079, "energy": 44.089905, "activity_lines": [ 4.252517, 4.171337, 4.049939, 3.941269 ] }, { "date": "2024-06-07", "close": 4.013524, "volume": 125775212, "typical_volume": 195515169.6, "trend": 3.856685, "fair_value": 4.854178, "relative_strength": 9.771751, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.912906, "energy": 34.497371, "activity_lines": [ 4.187573, 4.146364, 4.063113, 3.951786 ] }, { "date": "2024-06-14", "close": 4.071973, "volume": 110733742, "typical_volume": 198365254.8, "trend": 3.867076, "fair_value": 4.817444, "relative_strength": 10.924668, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.613744, "energy": 19.580264, "activity_lines": [ 4.134969, 4.136976, 4.080184, 3.965675 ] }, { "date": "2024-06-21", "close": 3.935592, "volume": 93737290, "typical_volume": 199243031.8, "trend": 3.864803, "fair_value": 4.781518, "relative_strength": 9.006506, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.397926, "energy": 17.100678, "activity_lines": [ 4.039502, 4.10598, 4.081251, 3.970096 ] }, { "date": "2024-06-28", "close": 3.721148, "volume": 105958317, "typical_volume": 201249412.35, "trend": 3.858629, "fair_value": 4.746767, "relative_strength": 5.216389, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.330568, "energy": 15.804571, "activity_lines": [ 3.916715, 4.037412, 4.059529, 3.960828 ] }, { "date": "2024-07-05", "close": 4.145576, "volume": 175832235, "typical_volume": 205371731.75, "trend": 3.867252, "fair_value": 4.715645, "relative_strength": 18.552067, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.989235, "energy": 15.078002, "activity_lines": [ 3.971781, 4.050973, 4.074982, 3.97934 ] }, { "date": "2024-07-12", "close": 4.283762, "volume": 441105138, "typical_volume": 224273557.5, "trend": 3.882754, "fair_value": 4.685228, "relative_strength": 19.569646, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.025828, "energy": 14.373699, "activity_lines": [ 4.073848, 4.085665, 4.098931, 4.006212 ] }, { "date": "2024-07-19", "close": 3.98765, "volume": 283470358, "typical_volume": 234969729.15, "trend": 3.891309, "fair_value": 4.650547, "relative_strength": 10.246458, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.603045, "energy": 7.898885, "activity_lines": [ 4.059194, 4.059656, 4.090006, 4.012979 ] }, { "date": "2024-07-26", "close": 3.859334, "volume": 137628077, "typical_volume": 225666607.4, "trend": 3.897859, "fair_value": 4.60121, "relative_strength": 10.009368, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.562162, "energy": 5.923004, "activity_lines": [ 4.00739, 4.012559, 4.065829, 4.010916 ] }, { "date": "2024-08-02", "close": 4.333114, "volume": 367316381, "typical_volume": 209898031.1, "trend": 3.918254, "fair_value": 4.556792, "relative_strength": 23.321159, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.479999, "energy": 20.91728, "activity_lines": [ 4.118597, 4.065034, 4.08709, 4.038997 ] }, { "date": "2024-08-09", "close": 4.342985, "volume": 203461446, "typical_volume": 197022808.25, "trend": 3.939951, "fair_value": 4.527785, "relative_strength": 25.110012, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.466275, "energy": 27.234216, "activity_lines": [ 4.192296, 4.118098, 4.108883, 4.066399 ] }, { "date": "2024-08-16", "close": 4.974692, "volume": 663124618, "typical_volume": 219020806.5, "trend": 3.98368, "fair_value": 4.511989, "relative_strength": 42.575626, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 74.734635, "energy": 62.288427, "activity_lines": [ 4.463404, 4.282685, 4.191219, 4.133157 ] }, { "date": "2024-08-23", "close": 4.412077, "volume": 421445276, "typical_volume": 233738957.5, "trend": 4.016124, "fair_value": 4.493921, "relative_strength": 28.04643, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.602303, "energy": 57.310382, "activity_lines": [ 4.500911, 4.327502, 4.216693, 4.160795 ] }, { "date": "2024-08-30", "close": 4.550263, "volume": 274824754, "typical_volume": 236398009.6, "trend": 4.053173, "fair_value": 4.479955, "relative_strength": 28.465107, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.246726, "energy": 57.731495, "activity_lines": [ 4.556186, 4.39126, 4.254544, 4.195256 ] }, { "date": "2024-09-06", "close": 4.875988, "volume": 376325516, "typical_volume": 245175272.85, "trend": 4.114394, "fair_value": 4.469108, "relative_strength": 39.964541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.164549, "energy": 64.552443, "activity_lines": [ 4.673973, 4.503065, 4.32086, 4.248341 ] }, { "date": "2024-09-13", "close": 4.648968, "volume": 239729475, "typical_volume": 250784836.7, "trend": 4.163826, "fair_value": 4.455228, "relative_strength": 34.673658, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.431099, "energy": 39.310376, "activity_lines": [ 4.679895, 4.552597, 4.361356, 4.28283 ] }, { "date": "2024-09-20", "close": 4.550263, "volume": 132987568, "typical_volume": 254384563.5, "trend": 4.205422, "fair_value": 4.442596, "relative_strength": 29.263936, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.586468, "energy": 33.805118, "activity_lines": [ 4.632517, 4.575029, 4.389007, 4.307761 ] }, { "date": "2024-09-27", "close": 5.369509, "volume": 569891606, "typical_volume": 271714742.95, "trend": 4.272702, "fair_value": 4.433395, "relative_strength": 28.48916, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.202089, "energy": 52.943646, "activity_lines": [ 4.886516, 4.74157, 4.491616, 4.382863 ] }, { "date": "2024-10-04", "close": 5.902511, "volume": 193907929, "typical_volume": 263832060.1, "trend": 4.338591, "fair_value": 4.42652, "relative_strength": 26.665464, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.799745, "energy": 75.182111, "activity_lines": [ 5.254354, 4.979896, 4.638994, 4.488012 ] }, { "date": "2024-10-11", "close": 5.971605, "volume": 750956530, "typical_volume": 290575895.7, "trend": 4.396067, "fair_value": 4.413899, "relative_strength": 32.898177, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.587039, "energy": 82.060079, "activity_lines": [ 5.555073, 5.193636, 4.78674, 4.593368 ] }, { "date": "2024-10-18", "close": 6.571198, "volume": 691090131, "typical_volume": 317965079.95, "trend": 4.467684, "fair_value": 4.411006, "relative_strength": 40.511749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.283675, "energy": 90.857792, "activity_lines": [ 5.982615, 5.486601, 4.983472, 4.733699 ] }, { "date": "2024-10-25", "close": 5.808027, "volume": 674587588, "typical_volume": 345405698.75, "trend": 4.518409, "fair_value": 4.403767, "relative_strength": 20.322112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.959305, "energy": 80.052185, "activity_lines": [ 6.027618, 5.600296, 5.096038, 4.820173 ] }, { "date": "2024-11-01", "close": 6.224302, "volume": 756757076, "typical_volume": 377706865.45, "trend": 4.584308, "fair_value": 4.402048, "relative_strength": 29.87652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.275865, "energy": 74.774259, "activity_lines": [ 6.127529, 5.774525, 5.239704, 4.93023 ] }, { "date": "2024-11-08", "close": 7.681264, "volume": 909358314, "typical_volume": 418487916.65, "trend": 4.706566, "fair_value": 4.409366, "relative_strength": 48.27268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.83768, "energy": 81.557911, "activity_lines": [ 6.656107, 6.180707, 5.511879, 5.130034 ] }, { "date": "2024-11-15", "close": 7.730821, "volume": 551396572, "typical_volume": 440759829.4, "trend": 4.831126, "fair_value": 4.416273, "relative_strength": 52.79174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.353934, "energy": 79.846197, "activity_lines": [ 7.082621, 6.538972, 5.770937, 5.325147 ] }, { "date": "2024-11-22", "close": 6.293681, "volume": 632811265, "typical_volume": 463608780.9, "trend": 4.910053, "fair_value": 4.415302, "relative_strength": 27.038135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.327235, "energy": 58.836229, "activity_lines": [ 6.912807, 6.584033, 5.874031, 5.419506 ] }, { "date": "2024-11-29", "close": 6.670311, "volume": 391087020, "typical_volume": 461107875.0, "trend": 5.002185, "fair_value": 4.420385, "relative_strength": 31.214184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.075244, "energy": 55.044637, "activity_lines": [ 6.887038, 6.667668, 6.002765, 5.533071 ] }, { "date": "2024-12-06", "close": 7.185699, "volume": 504883116, "typical_volume": 472178512.9, "trend": 5.104677, "fair_value": 4.432716, "relative_strength": 37.531115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.517502, "energy": 51.171636, "activity_lines": [ 6.975579, 6.806464, 6.169219, 5.673942 ] }, { "date": "2024-12-13", "close": 7.691175, "volume": 499050152, "typical_volume": 490249616.65, "trend": 5.207782, "fair_value": 4.448287, "relative_strength": 46.430342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.764991, "energy": 49.464604, "activity_lines": [ 7.168519, 7.004142, 6.368585, 5.840813 ] }, { "date": "2024-12-20", "close": 7.046941, "volume": 454292529, "typical_volume": 494598424.05, "trend": 5.300453, "fair_value": 4.459546, "relative_strength": 33.616831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.373389, "energy": 43.074202, "activity_lines": [ 7.146054, 7.052167, 6.488349, 5.959469 ] }, { "date": "2024-12-27", "close": 6.650488, "volume": 417703865, "typical_volume": 505310545.0, "trend": 5.383481, "fair_value": 4.467657, "relative_strength": 24.843129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.165189, "energy": 38.651486, "activity_lines": [ 7.037029, 7.008557, 6.557432, 6.046568 ] }, { "date": "2025-01-03", "close": 5.847672, "volume": 384592899, "typical_volume": 491383959.05, "trend": 5.44462, "fair_value": 4.47038, "relative_strength": 17.330115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.291333, "energy": 20.404931, "activity_lines": [ 6.636612, 6.817539, 6.539069, 6.076516 ] }, { "date": "2025-01-10", "close": 5.391752, "volume": 398859132, "typical_volume": 490254651.85, "trend": 5.488612, "fair_value": 4.469573, "relative_strength": 8.696112, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.591539, "energy": 15.559873, "activity_lines": [ 6.139065, 6.542905, 6.473127, 6.073105 ] }, { "date": "2025-01-17", "close": 5.589978, "volume": 242600170, "typical_volume": 488643422.65, "trend": 5.543758, "fair_value": 4.470219, "relative_strength": 8.053404, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.062069, "energy": 18.721624, "activity_lines": [ 5.827189, 6.31945, 6.421399, 6.079644 ] }, { "date": "2025-01-24", "close": 5.362018, "volume": 290956540, "typical_volume": 484374973.85, "trend": 5.598454, "fair_value": 4.469828, "relative_strength": 1.825197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.917319, "energy": 32.109548, "activity_lines": [ 5.579406, 6.092572, 6.34301, 6.067919 ] }, { "date": "2025-01-31", "close": 5.262905, "volume": 38102945, "typical_volume": 474293647.35, "trend": 5.635698, "fair_value": 4.468195, "relative_strength": 0.811344, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.89115, "energy": 42.006586, "activity_lines": [ 5.410914, 5.890741, 6.252867, 6.046271 ] }, { "date": "2025-02-07", "close": 5.699002, "volume": 197093373, "typical_volume": 477498937.6, "trend": 5.682873, "fair_value": 4.46778, "relative_strength": 4.200474, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.331087, "energy": 43.492382, "activity_lines": [ 5.480293, 5.786943, 6.201333, 6.050355 ] }, { "date": "2025-02-14", "close": 5.897228, "volume": 383801474, "typical_volume": 468194431.0, "trend": 5.746526, "fair_value": 4.46991, "relative_strength": 5.341894, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.294888, "energy": 25.025818, "activity_lines": [ 5.625658, 5.736845, 6.163208, 6.064184 ] }, { "date": "2025-02-21", "close": 5.897228, "volume": 243073978, "typical_volume": 470652733.45, "trend": 5.814455, "fair_value": 4.4721, "relative_strength": 2.371671, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.420614, "energy": 11.531437, "activity_lines": [ 5.737326, 5.710175, 6.122569, 6.073907 ] }, { "date": "2025-02-28", "close": 5.788205, "volume": 386475106, "typical_volume": 452428662.25, "trend": 5.862959, "fair_value": 4.47523, "relative_strength": 3.356932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.072581, "energy": 8.599063, "activity_lines": [ 5.792169, 5.696299, 6.071573, 6.072214 ] }, { "date": "2025-03-07", "close": 6.145011, "volume": 341266712, "typical_volume": 434937491.3, "trend": 5.923026, "fair_value": 4.477857, "relative_strength": 6.80099, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.819824, "energy": 8.642756, "activity_lines": [ 5.937534, 5.770184, 6.055432, 6.09041 ] }, { "date": "2025-03-14", "close": 6.412616, "volume": 422549197, "typical_volume": 422335571.75, "trend": 5.970957, "fair_value": 4.479104, "relative_strength": 9.521097, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.214959, "energy": 15.119334, "activity_lines": [ 6.113295, 5.901914, 6.066806, 6.121997 ] }, { "date": "2025-03-21", "close": 6.273858, "volume": 240813339, "typical_volume": 396538384.9, "trend": 6.033016, "fair_value": 4.480676, "relative_strength": 9.573681, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.537612, "energy": 16.28317, "activity_lines": [ 6.195228, 5.998143, 6.062087, 6.141539 ] }, { "date": "2025-03-28", "close": 5.758471, "volume": 217960125, "typical_volume": 361968475.45, "trend": 6.07329, "fair_value": 4.479853, "relative_strength": 1.017762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.362688, "energy": 11.192429, "activity_lines": [ 6.080257, 5.984628, 6.008046, 6.123826 ] }, { "date": "2025-04-04", "close": 5.926963, "volume": 162856910, "typical_volume": 342541492.35, "trend": 6.108322, "fair_value": 4.48181, "relative_strength": 5.916322, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.595752, "energy": 9.412836, "activity_lines": [ 6.030701, 5.998684, 5.979209, 6.114386 ] }, { "date": "2025-04-11", "close": 5.15388, "volume": 297065248, "typical_volume": 325754191.5, "trend": 6.125153, "fair_value": 4.480995, "relative_strength": -3.230553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.248167, "energy": 48.125002, "activity_lines": [ 5.7142, 5.861908, 5.885335, 6.052809 ] }, { "date": "2025-04-18", "close": 5.788205, "volume": 286682755, "typical_volume": 320533978.25, "trend": 6.166417, "fair_value": 4.48461, "relative_strength": 8.643707, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.845394, "energy": 46.234163, "activity_lines": [ 5.675216, 5.842446, 5.8573, 6.03107 ] }, { "date": "2025-04-25", "close": 6.065721, "volume": 247826234, "typical_volume": 307681134.15, "trend": 6.189625, "fair_value": 4.488548, "relative_strength": 11.523066, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.628094, "energy": 33.492005, "activity_lines": [ 5.770364, 5.87182, 5.859896, 6.024574 ] }, { "date": "2025-05-02", "close": 5.817938, "volume": 163908075, "typical_volume": 290924030.3, "trend": 6.186805, "fair_value": 4.489866, "relative_strength": 6.480767, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.595074, "energy": 27.838087, "activity_lines": [ 5.796794, 5.853078, 5.844227, 6.000594 ] }, { "date": "2025-05-09", "close": 5.98643, "volume": 199534378, "typical_volume": 278186122.75, "trend": 6.1873, "fair_value": 4.493114, "relative_strength": 6.482549, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.468574, "energy": 10.16003, "activity_lines": [ 5.875424, 5.866413, 5.853524, 5.987667 ] }, { "date": "2025-05-16", "close": 5.808027, "volume": 176681072, "typical_volume": 266134983.1, "trend": 6.161861, "fair_value": 4.498676, "relative_strength": 2.429549, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.305235, "energy": 14.542136, "activity_lines": [ 5.890621, 5.843708, 5.850881, 5.963197 ] }, { "date": "2025-05-23", "close": 5.917051, "volume": 320854556, "typical_volume": 262948065.95, "trend": 6.165495, "fair_value": 4.508031, "relative_strength": 4.365399, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.861987, "energy": 11.743347, "activity_lines": [ 5.89855, 5.846951, 5.862633, 5.947403 ] }, { "date": "2025-05-30", "close": 5.798115, "volume": 146747109, "typical_volume": 250342464.8, "trend": 6.151288, "fair_value": 4.516928, "relative_strength": 2.731884, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.738454, "energy": 12.70731, "activity_lines": [ 5.858244, 5.83758, 5.862728, 5.923701 ] }, { "date": "2025-06-06", "close": 5.718825, "volume": 123254003, "typical_volume": 244375156.45, "trend": 6.085874, "fair_value": 4.524223, "relative_strength": -0.531898, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.966846, "energy": 21.381873, "activity_lines": [ 5.809348, 5.822443, 5.853336, 5.8958 ] }, { "date": "2025-06-13", "close": 5.629623, "volume": 176490272, "typical_volume": 238651843.05, "trend": 6.015834, "fair_value": 4.530887, "relative_strength": -1.875539, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.29998, "energy": 27.72752, "activity_lines": [ 5.737326, 5.791808, 5.834834, 5.866365 ] }, { "date": "2025-06-20", "close": 5.395933, "volume": 122502981, "typical_volume": 242871844.85, "trend": 5.985909, "fair_value": 4.536113, "relative_strength": -5.186456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.530012, "energy": 45.269037, "activity_lines": [ 5.611194, 5.72409, 5.792803, 5.826371 ] }, { "date": "2025-06-27", "close": 5.585089, "volume": 157959956, "typical_volume": 240915174.0, "trend": 5.949735, "fair_value": 4.542066, "relative_strength": -5.769324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.779236, "energy": 44.436884, "activity_lines": [ 5.575587, 5.686363, 5.768153, 5.800512 ] }, { "date": "2025-07-04", "close": 5.883757, "volume": 320095092, "typical_volume": 237729854.9, "trend": 5.906337, "fair_value": 4.54987, "relative_strength": -2.233986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.609751, "energy": 28.99335, "activity_lines": [ 5.661667, 5.706633, 5.772489, 5.796255 ] }, { "date": "2025-07-11", "close": 5.923579, "volume": 177708741, "typical_volume": 234461593.05, "trend": 5.847417, "fair_value": 4.557929, "relative_strength": -3.522978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.997657, "energy": 12.960613, "activity_lines": [ 5.755312, 5.737451, 5.780683, 5.797368 ] }, { "date": "2025-07-18", "close": 6.003224, "volume": 242221573, "typical_volume": 227248916.4, "trend": 5.812626, "fair_value": 4.566437, "relative_strength": -4.503344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.991774, "energy": 10.468081, "activity_lines": [ 5.861855, 5.780829, 5.796336, 5.80742 ] }, { "date": "2025-07-25", "close": 6.122691, "volume": 278753998, "typical_volume": 224123280.7, "trend": 5.795033, "fair_value": 4.57602, "relative_strength": -5.135232, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.944336, "energy": 35.912347, "activity_lines": [ 5.983313, 5.845624, 5.822343, 5.827424 ] }, { "date": "2025-08-01", "close": 6.361625, "volume": 319141343, "typical_volume": 218952888.0, "trend": 5.812165, "fair_value": 4.587134, "relative_strength": -0.087581, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.138266, "energy": 64.845072, "activity_lines": [ 6.135965, 5.948139, 5.871212, 5.863978 ] }, { "date": "2025-08-08", "close": 6.978872, "volume": 622300108, "typical_volume": 238027226.45, "trend": 5.865069, "fair_value": 4.604425, "relative_strength": 7.861035, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.065823, "energy": 83.758856, "activity_lines": [ 6.442597, 6.154799, 5.97911, 5.93925 ] }, { "date": "2025-08-15", "close": 6.610515, "volume": 552680628, "typical_volume": 254763251.6, "trend": 5.899087, "fair_value": 4.618306, "relative_strength": -2.186096, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.558154, "energy": 77.673219, "activity_lines": [ 6.553436, 6.273016, 6.048568, 5.987343 ] }, { "date": "2025-08-22", "close": 6.44127, "volume": 319095722, "typical_volume": 262575192.2, "trend": 5.935062, "fair_value": 4.631657, "relative_strength": -8.823719, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.722234, "energy": 74.798706, "activity_lines": [ 6.562064, 6.344248, 6.097851, 6.022323 ] }, { "date": "2025-08-29", "close": 6.301892, "volume": 454298122, "typical_volume": 270436835.9, "trend": 5.969695, "fair_value": 4.644609, "relative_strength": -14.383021, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.928945, "energy": 59.414982, "activity_lines": [ 6.49503, 6.375382, 6.13141, 6.045989 ] }, { "date": "2025-09-05", "close": 5.883757, "volume": 272547771, "typical_volume": 269730086.7, "trend": 5.975853, "fair_value": 4.654818, "relative_strength": -19.037862, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.026362, "energy": 20.092544, "activity_lines": [ 6.276671, 6.314019, 6.11968, 6.040445 ] }, { "date": "2025-09-12", "close": 5.973357, "volume": 227474436, "typical_volume": 268712496.8, "trend": 5.978391, "fair_value": 4.66628, "relative_strength": -19.604606, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.252553, "energy": 18.596741, "activity_lines": [ 6.120036, 6.263517, 6.116029, 6.040284 ] }, { "date": "2025-09-19", "close": 5.804112, "volume": 322877490, "typical_volume": 276660967.55, "trend": 5.975287, "fair_value": 4.677212, "relative_strength": -22.449557, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.170908, "energy": 17.754058, "activity_lines": [ 5.974021, 6.180614, 6.096699, 6.02904 ] }, { "date": "2025-09-26", "close": 5.525355, "volume": 182792190, "typical_volume": 275823858.15, "trend": 5.966525, "fair_value": 4.686728, "relative_strength": -26.586135, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.874915, "energy": 31.384494, "activity_lines": [ 5.788847, 6.049201, 6.050886, 6.000012 ] }, { "date": "2025-10-03", "close": 5.595044, "volume": 56412020, "typical_volume": 269810405.55, "trend": 5.948193, "fair_value": 4.695888, "relative_strength": -27.043418, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.363327, "energy": 37.674045, "activity_lines": [ 5.687963, 5.939146, 6.013906, 5.976045 ] }, { "date": "2025-10-10", "close": 5.724467, "volume": 82836168, "typical_volume": 257909486.15, "trend": 5.925255, "fair_value": 4.707174, "relative_strength": -23.974268, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.613426, "energy": 37.697386, "activity_lines": [ 5.677344, 5.862216, 5.990267, 5.961611 ] }, { "date": "2025-10-17", "close": 5.505445, "volume": 169889000, "typical_volume": 259066580.7, "trend": 5.899641, "fair_value": 4.717548, "relative_strength": -22.512567, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.185775, "energy": 43.797527, "activity_lines": [ 5.604336, 5.757049, 5.946685, 5.934527 ] }, { "date": "2025-10-24", "close": 5.59, "volume": 122985564, "typical_volume": 259053158.75, "trend": 5.894025, "fair_value": 4.730007, "relative_strength": -24.548966, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.905791, "energy": 36.865524, "activity_lines": [ 5.590708, 5.694045, 5.912549, 5.91455 ] }, { "date": "2025-10-31", "close": 5.78, "volume": 219013824, "typical_volume": 261179336.35, "trend": 5.889127, "fair_value": 4.74282, "relative_strength": -22.064706, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.905816, "energy": 22.967751, "activity_lines": [ 5.654688, 5.684142, 5.897123, 5.907194 ] }, { "date": "2025-11-07", "close": 5.87, "volume": 187987255, "typical_volume": 264453550.05, "trend": 5.912997, "fair_value": 4.755408, "relative_strength": -20.31203, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -41.381013, "energy": 24.63357, "activity_lines": [ 5.73169, 5.702625, 5.889551, 5.90596 ] }, { "date": "2025-11-14", "close": 5.75, "volume": 157683140, "typical_volume": 264439709.25, "trend": 5.911724, "fair_value": 4.768522, "relative_strength": -20.035427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.399419, "energy": 18.592148, "activity_lines": [ 5.750363, 5.707142, 5.868294, 5.895444 ] }, { "date": "2025-11-21", "close": 5.4, "volume": 158119012, "typical_volume": 256340905.25, "trend": 5.889533, "fair_value": 4.778529, "relative_strength": -20.357356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.831255, "energy": 29.082247, "activity_lines": [ 5.650667, 5.650455, 5.812918, 5.862429 ] }, { "date": "2025-11-28", "close": 6.01, "volume": 292155835, "typical_volume": 262063259.95, "trend": 5.895935, "fair_value": 4.791953, "relative_strength": -13.898119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.793981, "energy": 12.871356, "activity_lines": [ 5.761333, 5.715102, 5.817941, 5.870201 ] }, { "date": "2025-12-05", "close": 5.96, "volume": 205886271, "typical_volume": 260246494.85, "trend": 5.895054, "fair_value": 4.804933, "relative_strength": -15.030815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.314052, "energy": 11.811038, "activity_lines": [ 5.827333, 5.766915, 5.81779, 5.874334 ] }, { "date": "2025-12-12", "close": 5.66, "volume": 162580617, "typical_volume": 254437825.8, "trend": 5.89012, "fair_value": 4.81562, "relative_strength": -19.132902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.547494, "energy": 16.777013, "activity_lines": [ 5.781333, 5.756279, 5.789274, 5.85917 ] }, { "date": "2025-12-19", "close": 5.66, "volume": 117083674, "typical_volume": 244334942.35, "trend": 5.881552, "fair_value": 4.82643, "relative_strength": -17.713061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.702043, "energy": 18.766921, "activity_lines": [ 5.749333, 5.744463, 5.762961, 5.844323 ] }, { "date": "2025-12-26", "close": 5.77, "volume": 126237880, "typical_volume": 219531830.95, "trend": 5.880614, "fair_value": 4.837206, "relative_strength": -18.374105, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.305436, "energy": 11.946977, "activity_lines": [ 5.76, 5.753818, 5.750465, 5.837126 ] }, { "date": "2026-01-02", "close": 5.75, "volume": 98824794, "typical_volume": 196839039.25, "trend": 5.881654, "fair_value": 4.848593, "relative_strength": -17.677831, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.941952, "energy": 19.33388, "activity_lines": [ 5.739333, 5.754727, 5.741821, 5.8287 ] }, { "date": "2026-01-09", "close": 5.77, "volume": 192872424, "typical_volume": 190527874.35, "trend": 5.886333, "fair_value": 4.861403, "relative_strength": -20.4533, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.712809, "energy": 16.703989, "activity_lines": [ 5.742667, 5.756364, 5.73918, 5.821496 ] }, { "date": "2026-01-16", "close": 5.64, "volume": 386866550, "typical_volume": 187156295.75, "trend": 5.894468, "fair_value": 4.873319, "relative_strength": -22.672451, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.425095, "energy": 19.492341, "activity_lines": [ 5.715333, 5.734545, 5.727354, 5.805604 ] }, { "date": "2026-01-23", "close": 6.25, "volume": 400529934, "typical_volume": 193555403.9, "trend": 5.916632, "fair_value": 4.888651, "relative_strength": -14.96796, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.627472, "energy": 10.79057, "activity_lines": [ 5.892667, 5.827818, 5.776775, 5.828541 ] }, { "date": "2026-01-30", "close": 5.76, "volume": 414301553, "typical_volume": 202896759.75, "trend": 5.912507, "fair_value": 4.901213, "relative_strength": -20.004183, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.316489, "energy": 11.816537, "activity_lines": [ 5.867333, 5.822909, 5.777786, 5.818436 ] }, { "date": "2026-02-06", "close": 5.51, "volume": 312463516, "typical_volume": 202376061.05, "trend": 5.898721, "fair_value": 4.911, "relative_strength": -21.404674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.504914, "energy": 16.266796, "activity_lines": [ 5.759333, 5.766, 5.756003, 5.792468 ] }, { "date": "2026-02-13", "close": 5.46, "volume": 186944375, "typical_volume": 202583670.3, "trend": 5.880613, "fair_value": 4.919356, "relative_strength": -22.710645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.638503, "energy": 23.851342, "activity_lines": [ 5.650667, 5.709091, 5.730859, 5.764163 ] }, { "date": "2026-02-27", "close": 5.87, "volume": 240857306, "typical_volume": 211805934.6, "trend": 5.87219, "fair_value": 4.930279, "relative_strength": -18.760361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.411339, "energy": 21.122787, "activity_lines": [ 5.699333, 5.735818, 5.745073, 5.763479 ] }, { "date": "2026-03-06", "close": 5.59, "volume": 252810369, "typical_volume": 220304644.65, "trend": 5.84647, "fair_value": 4.939407, "relative_strength": -20.411478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.66949, "energy": 29.812767, "activity_lines": [ 5.639333, 5.707818, 5.731312, 5.745273 ] }, { "date": "2026-03-13", "close": 5.41, "volume": 218512032, "typical_volume": 222735796.25, "trend": 5.794174, "fair_value": 4.946518, "relative_strength": -22.996245, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.338769, "energy": 44.346851, "activity_lines": [ 5.563333, 5.648364, 5.701048, 5.717113 ] }, { "date": "2026-03-20", "close": 4.98, "volume": 183158986, "typical_volume": 225744467.35, "trend": 5.739823, "fair_value": 4.950626, "relative_strength": -26.349694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.347634, "energy": 60.78854, "activity_lines": [ 5.367333, 5.517273, 5.630286, 5.664586 ] }, { "date": "2026-03-27", "close": 4.83, "volume": 151127951, "typical_volume": 222350173.7, "trend": 5.686114, "fair_value": 4.955499, "relative_strength": -27.342424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.448381, "energy": 75.446909, "activity_lines": [ 5.156667, 5.372909, 5.548143, 5.605888 ] }, { "date": "2026-04-03", "close": 4.58, "volume": 118738960, "typical_volume": 218887758.95, "trend": 5.628718, "fair_value": 4.958214, "relative_strength": -28.431304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.367114, "energy": 83.789099, "activity_lines": [ 4.904667, 5.200182, 5.446714, 5.534526 ] }, { "date": "2026-04-10", "close": 4.77, "volume": 91341374, "typical_volume": 215570670.65, "trend": 5.591593, "fair_value": 4.962888, "relative_strength": -29.773136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.309162, "energy": 80.941682, "activity_lines": [ 4.802, 5.081273, 5.369524, 5.479124 ] }, { "date": "2026-04-17", "close": 4.678683, "volume": 103388008, "typical_volume": 212834120.45, "trend": 5.548437, "fair_value": 4.967284, "relative_strength": -33.215249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.110226, "energy": 80.98551, "activity_lines": [ 4.723561, 4.97267, 5.288303, 5.420227 ] }, { "date": "2026-04-24", "close": 4.489947, "volume": 118340884, "typical_volume": 204143372.9, "trend": 5.504631, "fair_value": 4.970656, "relative_strength": -35.375749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.228854, "energy": 83.217673, "activity_lines": [ 4.630964, 4.849411, 5.192542, 5.351937 ] }, { "date": "2026-05-01", "close": 4.410479, "volume": 105912780, "typical_volume": 199144698.35, "trend": 5.467469, "fair_value": 4.973333, "relative_strength": -36.381209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.294356, "energy": 85.401201, "activity_lines": [ 4.544549, 4.73025, 5.096452, 5.281347 ] }, { "date": "2026-05-08", "close": 4.69855, "volume": 129716926, "typical_volume": 197501513.8, "trend": 5.437586, "fair_value": 4.979028, "relative_strength": -33.415254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.327827, "energy": 78.915233, "activity_lines": [ 4.582125, 4.682549, 5.035175, 5.231739 ] }, { "date": "2026-05-15", "close": 4.311144, "volume": 170850524, "typical_volume": 200189856.3, "trend": 5.390475, "fair_value": 4.982487, "relative_strength": -38.070703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.254621, "energy": 84.197227, "activity_lines": [ 4.482662, 4.585708, 4.941581, 5.159065 ] }, { "date": "2026-05-22", "close": 4.062806, "volume": 145869000, "typical_volume": 201171412.3, "trend": 5.342387, "fair_value": 4.984293, "relative_strength": -40.985875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.493132, "energy": 86.41872, "activity_lines": [ 4.331011, 4.466967, 4.830759, 5.073409 ] }, { "date": "2026-05-29", "close": 3.874069, "volume": 129439595, "typical_volume": 202702152.35, "trend": 5.285189, "fair_value": 4.98495, "relative_strength": -42.811982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.591467, "energy": 89.242655, "activity_lines": [ 4.157505, 4.338405, 4.710091, 4.978679 ] }, { "date": "2026-06-05", "close": 3.645598, "volume": 29218280, "typical_volume": 194519445.15, "trend": 5.214043, "fair_value": 4.984574, "relative_strength": -44.435598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.959478, "energy": 94.896114, "activity_lines": [ 3.948901, 4.188411, 4.576597, 4.872899 ] }, { "date": "2026-06-12", "close": 3.546263, "volume": 36562398, "typical_volume": 177004237.55, "trend": 5.136585, "fair_value": 4.983192, "relative_strength": -43.862807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.491145, "energy": 93.922798, "activity_lines": [ 3.758178, 4.04189, 4.443759, 4.7653 ] }, { "date": "2026-06-19", "close": 3.8, "volume": 258587590, "typical_volume": 169907120.35, "trend": 5.071585, "fair_value": 4.982881, "relative_strength": -43.02281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.231574, "energy": 87.429344, "activity_lines": [ 3.728853, 3.960298, 4.345056, 4.679069 ] }, { "date": "2026-06-26", "close": 3.36, "volume": 36410583, "typical_volume": 151012571.85, "trend": 5.003585, "fair_value": 4.979873, "relative_strength": -48.043014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.90144, "energy": 91.37046, "activity_lines": [ 3.586937, 3.816343, 4.216115, 4.568644 ] }, { "date": "2026-07-03", "close": 3.45, "volume": 24973480, "typical_volume": 136638070.05, "trend": 4.918251, "fair_value": 4.97676, "relative_strength": -45.204453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.179902, "energy": 75.867847, "activity_lines": [ 3.521875, 3.712727, 4.107175, 4.468413 ] }, { "date": "2026-07-10", "close": 3.4, "volume": 131990052, "typical_volume": 133890353.9, "trend": 4.832918, "fair_value": 4.973826, "relative_strength": -43.116739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.584499, "energy": 69.033645, "activity_lines": [ 3.468418, 3.618929, 4.003282, 4.370461 ] }, { "date": "2026-07-17", "close": 3.43, "volume": 162191244, "typical_volume": 129957050.8, "trend": 4.758585, "fair_value": 4.970772, "relative_strength": -36.066096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.526194, "energy": 67.003955, "activity_lines": [ 3.441333, 3.548958, 3.912055, 4.279951 ] }, { "date": "2026-07-24", "close": 3.4, "volume": 168011296, "typical_volume": 125717097.15, "trend": 4.683251, "fair_value": 4.967214, "relative_strength": -35.983475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.032459, "energy": 65.686095, "activity_lines": [ 3.412, 3.496596, 3.829591, 4.1923 ] }, { "date": "2026-07-31", "close": 3.74, "volume": 163845734, "typical_volume": 122983782.25, "trend": 4.615585, "fair_value": 4.965961, "relative_strength": -27.581348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.435224, "energy": 54.941422, "activity_lines": [ 3.522667, 3.522619, 3.789936, 4.131445 ] }, { "date": "2026-08-07", "close": 3.96, "volume": 294605858, "typical_volume": 128556125.85, "trend": 4.555918, "fair_value": 4.966055, "relative_strength": -26.115396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.975935, "energy": 38.931918, "activity_lines": [ 3.681333, 3.594511, 3.779186, 4.089149 ] } ], "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." } } }