{ "ticker": { "uuid": "87708c1d-8bd5-4528-8b90-32a40e2a15e0", "symbol": "KRKR", "name": "36Kr Holdings Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "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": -39.345, "architecture_energy": 24.433, "architecture_maturity": 100.0, "architecture_confidence": 85.997, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.62, "rotation_up": 24.56, "upward_expansion": 14.08, "deceleration": 45.27, "rotation_down": 33.96, "downward_expansion": 61.75 }, "activity_lines": [ 2.9228, 2.863567, 3.053652, 3.238568 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 3.17, "trend_reference": 3.545033, "distance_from_trend": -0.105791, "trend_direction": "Weakening", "fair_value": 6.49305, "distance_from_fair_value": -0.511786, "fair_value_direction": "Improving", "relative_strength": -37.160908, "relative_strength_direction": "Improving", "price_momentum": -0.254118, "excess_performance": -0.441571, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.105791, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.149472, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.511786, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.027427, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.371609, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.032334, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.254118, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.312006, "read": "Supply-led" } ], "volume": { "latest": 36216, "relative_activity": 0.366355, "balance": 0.312006, "dry_up": 0.523145, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.179993, "annualized_volatility": 0.592514, "from_high_reference": -0.851592, "from_low_reference": 0.268 }, "levels": { "trend_reference": 3.545033, "fair_value_reference": 6.49305, "structural_low": 2.5, "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": 42, "median_return": -0.076245, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.05836, "regime_survival": 0.904762, "best_return": 0.3225, "worst_return": -0.297255, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.2, "positive_rate": 0.230769, "directional_follow_through": 0.692308, "median_excess_return": -0.2795, "regime_survival": 0.846154, "best_return": 0.514205, "worst_return": -0.416667, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.294118, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.476971, "regime_survival": 0.714286, "best_return": 0.653409, "worst_return": -0.580952, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.531818, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.468554, "regime_survival": 0.333333, "best_return": -0.307143, "worst_return": -0.588235, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-12-16", "end": "2023-03-10", "tenure": "Established", "return": -0.115021, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-03-17", "end": "2023-04-07", "tenure": "New", "return": 0.009709, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-04-14", "end": "2023-04-21", "tenure": "New", "return": -0.01495, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-04-28", "end": "2023-05-12", "tenure": "New", "return": 0.050807, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-05-19", "end": "2024-06-07", "tenure": "Extended", "return": -0.607353, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-05", "tenure": "New", "return": -0.21623, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2025-01-24", "tenure": "Extended", "return": -0.410786, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.306154, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-05-09", "tenure": "Developing", "return": 0.205128, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-07-25", "tenure": "Developing", "return": -0.183849, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-09-26", "tenure": "Developing", "return": 0.432271, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.230769, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-12-12", "tenure": "Developing", "return": -0.185824, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-08-07", "tenure": "Extended", "return": -0.2075, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18.0, "volume": 503005, "typical_volume": 177264.05, "trend": 20.412933, "fair_value": 34.909373, "relative_strength": -26.206466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.129881, "energy": 34.113468, "activity_lines": [ 18.248533, 18.294982, 18.761457, 19.355083 ] }, { "date": "2023-08-25", "close": 16.6, "volume": 586868, "typical_volume": 203372.75, "trend": 20.119599, "fair_value": 34.559373, "relative_strength": -32.442253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.654288, "energy": 42.652042, "activity_lines": [ 17.688, 17.985127, 18.512552, 19.109088 ] }, { "date": "2023-09-01", "close": 15.92, "volume": 169984, "typical_volume": 202137.1, "trend": 19.883199, "fair_value": 34.247321, "relative_strength": -36.990351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.154406, "energy": 56.716761, "activity_lines": [ 17.013333, 17.595345, 18.218886, 18.838146 ] }, { "date": "2023-09-08", "close": 15.296, "volume": 34826, "typical_volume": 199270.05, "trend": 19.566399, "fair_value": 33.98768, "relative_strength": -38.200979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.444276, "energy": 71.696506, "activity_lines": [ 16.290667, 17.128727, 17.886171, 18.542197 ] }, { "date": "2023-09-15", "close": 15.0, "volume": 88534, "typical_volume": 190775.65, "trend": 19.263533, "fair_value": 33.738962, "relative_strength": -38.426344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.789059, "energy": 75.890719, "activity_lines": [ 15.676267, 16.646509, 17.547181, 18.247591 ] }, { "date": "2023-09-22", "close": 17.718, "volume": 467881, "typical_volume": 206268.7, "trend": 19.067466, "fair_value": 33.542283, "relative_strength": -24.381303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.415163, "energy": 48.301476, "activity_lines": [ 16.194533, 16.714836, 17.488971, 18.147879 ] }, { "date": "2023-09-29", "close": 18.786, "volume": 31798, "typical_volume": 205942.95, "trend": 18.940333, "fair_value": 33.32168, "relative_strength": -19.490975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.058489, "energy": 22.537215, "activity_lines": [ 17.0876, 17.004255, 17.543343, 18.12972 ] }, { "date": "2023-10-06", "close": 16.56, "volume": 8749, "typical_volume": 204520.45, "trend": 18.804999, "fair_value": 33.048347, "relative_strength": -29.759123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.633618, "energy": 20.245839, "activity_lines": [ 17.092933, 16.879891, 17.394352, 17.97615 ] }, { "date": "2023-10-13", "close": 16.4, "volume": 50778, "typical_volume": 204004.15, "trend": 18.664999, "fair_value": 32.782962, "relative_strength": -30.050636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.164426, "energy": 20.664192, "activity_lines": [ 17.002267, 16.758436, 17.24841, 17.820989 ] }, { "date": "2023-10-20", "close": 14.8, "volume": 311129, "typical_volume": 214946.5, "trend": 18.444999, "fair_value": 32.51886, "relative_strength": -34.411501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.024239, "energy": 31.916038, "activity_lines": [ 16.304667, 16.382436, 16.965581, 17.571634 ] }, { "date": "2023-10-27", "close": 14.594, "volume": 83384, "typical_volume": 212029.2, "trend": 18.198133, "fair_value": 32.252155, "relative_strength": -32.946358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.03329, "energy": 51.73766, "activity_lines": [ 15.551733, 16.034436, 16.6898, 17.323183 ] }, { "date": "2023-11-03", "close": 14.656, "volume": 61169, "typical_volume": 210608.35, "trend": 17.993333, "fair_value": 31.96277, "relative_strength": -36.036225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.396773, "energy": 58.357166, "activity_lines": [ 15.027733, 15.759636, 16.444105, 17.094658 ] }, { "date": "2023-11-10", "close": 14.6, "volume": 44924, "typical_volume": 172493.9, "trend": 17.806666, "fair_value": 31.678155, "relative_strength": -37.433382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.200743, "energy": 59.268081, "activity_lines": [ 14.7604, 15.51, 16.213781, 16.875733 ] }, { "date": "2023-11-17", "close": 14.4, "volume": 43349, "typical_volume": 169703.2, "trend": 17.623399, "fair_value": 31.35636, "relative_strength": -38.808616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.178395, "energy": 58.088323, "activity_lines": [ 14.557067, 15.248, 15.980286, 16.655948 ] }, { "date": "2023-11-24", "close": 13.81, "volume": 48081, "typical_volume": 165006.85, "trend": 17.430267, "fair_value": 31.002578, "relative_strength": -41.168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.445132, "energy": 56.379789, "activity_lines": [ 14.2904, 14.895018, 15.704876, 16.409923 ] }, { "date": "2023-12-01", "close": 13.4, "volume": 244085, "typical_volume": 160516.0, "trend": 17.210267, "fair_value": 30.702578, "relative_strength": -42.063352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.127914, "energy": 55.466903, "activity_lines": [ 13.953067, 14.489127, 15.410848, 16.149905 ] }, { "date": "2023-12-08", "close": 12.202, "volume": 215424, "typical_volume": 163431.1, "trend": 16.930333, "fair_value": 30.388488, "relative_strength": -46.585683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.417549, "energy": 62.622345, "activity_lines": [ 13.296, 13.943927, 15.030333, 15.826791 ] }, { "date": "2023-12-15", "close": 12.3, "volume": 64653, "typical_volume": 160699.8, "trend": 16.660333, "fair_value": 30.086565, "relative_strength": -46.939278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.571375, "energy": 63.74831, "activity_lines": [ 12.8352, 13.536255, 14.688133, 15.52806 ] }, { "date": "2023-12-22", "close": 11.298, "volume": 263759, "typical_volume": 169981.05, "trend": 16.3818, "fair_value": 29.789757, "relative_strength": -50.873343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.302282, "energy": 78.134127, "activity_lines": [ 12.193733, 13.023855, 14.279171, 15.182103 ] }, { "date": "2023-12-29", "close": 11.2, "volume": 86844, "typical_volume": 170461.2, "trend": 16.075133, "fair_value": 29.50386, "relative_strength": -50.605927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.061307, "energy": 80.339756, "activity_lines": [ 11.7264, 12.5864, 13.894695, 14.847794 ] }, { "date": "2024-01-05", "close": 11.8, "volume": 32708, "typical_volume": 146946.35, "trend": 15.812733, "fair_value": 29.133347, "relative_strength": -45.153083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.999456, "energy": 74.115216, "activity_lines": [ 11.633067, 12.323491, 13.601648, 14.571978 ] }, { "date": "2024-01-12", "close": 11.79598, "volume": 188647, "typical_volume": 127035.3, "trend": 15.572466, "fair_value": 28.799988, "relative_strength": -45.758668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.433353, "energy": 63.784039, "activity_lines": [ 11.64506, 12.110651, 13.337741, 14.312833 ] }, { "date": "2024-01-19", "close": 10.6, "volume": 23866, "typical_volume": 119729.4, "trend": 15.327999, "fair_value": 28.188449, "relative_strength": -51.569863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.661098, "energy": 56.200697, "activity_lines": [ 11.285461, 11.73236, 12.982808, 13.992029 ] }, { "date": "2024-01-26", "close": 10.2, "volume": 57397, "typical_volume": 120857.95, "trend": 15.088066, "fair_value": 27.779475, "relative_strength": -52.594392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.807748, "energy": 54.392829, "activity_lines": [ 10.905863, 11.35407, 12.615113, 13.66119 ] }, { "date": "2024-02-02", "close": 9.748, "volume": 49495, "typical_volume": 118906.0, "trend": 14.809666, "fair_value": 27.256065, "relative_strength": -54.328129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.088114, "energy": 55.859722, "activity_lines": [ 10.448797, 10.969961, 12.228636, 13.31667 ] }, { "date": "2024-02-09", "close": 9.796, "volume": 52720, "typical_volume": 98147.95, "trend": 14.496266, "fair_value": 26.68809, "relative_strength": -53.861318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.949987, "energy": 58.984002, "activity_lines": [ 10.104532, 10.668434, 11.871741, 12.993207 ] }, { "date": "2024-02-16", "close": 8.4, "volume": 694214, "typical_volume": 131268.75, "trend": 14.166666, "fair_value": 26.100911, "relative_strength": -58.846908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.972395, "energy": 59.33285, "activity_lines": [ 9.428533, 10.178616, 11.419618, 12.5999 ] }, { "date": "2024-02-23", "close": 7.168, "volume": 342919, "typical_volume": 147977.25, "trend": 13.794933, "fair_value": 25.640449, "relative_strength": -64.4443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.635086, "energy": 73.208117, "activity_lines": [ 8.568267, 9.533926, 10.899618, 12.148373 ] }, { "date": "2024-03-01", "close": 7.222, "volume": 266600, "typical_volume": 158768.35, "trend": 13.422333, "fair_value": 25.23418, "relative_strength": -63.990192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.017026, "energy": 72.499919, "activity_lines": [ 7.9548, 8.992363, 10.429484, 11.724313 ] }, { "date": "2024-03-08", "close": 7.2, "volume": 126806, "typical_volume": 149552.2, "trend": 13.048999, "fair_value": 24.759821, "relative_strength": -62.675015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.484939, "energy": 75.751439, "activity_lines": [ 7.532533, 8.520908, 10.000961, 11.322872 ] }, { "date": "2024-03-15", "close": 7.738, "volume": 166050, "typical_volume": 153685.5, "trend": 12.706933, "fair_value": 24.303013, "relative_strength": -58.504766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.471749, "energy": 68.394089, "activity_lines": [ 7.459467, 8.22, 9.659866, 10.980227 ] }, { "date": "2024-03-22", "close": 7.74402, "volume": 65744, "typical_volume": 153914.25, "trend": 12.411733, "fair_value": 23.921885, "relative_strength": -58.726378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.793011, "energy": 54.79757, "activity_lines": [ 7.525607, 7.99404, 9.351991, 10.660039 ] }, { "date": "2024-03-29", "close": 7.504, "volume": 53364, "typical_volume": 154336.25, "trend": 12.1312, "fair_value": 23.537937, "relative_strength": -58.810182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.183007, "energy": 51.319382, "activity_lines": [ 7.555472, 7.798112, 9.054172, 10.343411 ] }, { "date": "2024-04-05", "close": 7.302, "volume": 90177, "typical_volume": 156677.65, "trend": 11.864733, "fair_value": 23.150129, "relative_strength": -58.642048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.991745, "energy": 48.762055, "activity_lines": [ 7.495604, 7.621748, 8.770906, 10.03185 ] }, { "date": "2024-04-12", "close": 7.412, "volume": 161720, "typical_volume": 162359.6, "trend": 11.6118, "fair_value": 22.79636, "relative_strength": -56.836668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.535947, "energy": 46.643656, "activity_lines": [ 7.467069, 7.518075, 8.531915, 9.744577 ] }, { "date": "2024-04-19", "close": 7.40302, "volume": 55026, "typical_volume": 152906.65, "trend": 11.267967, "fair_value": 22.464328, "relative_strength": -53.394404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.955515, "energy": 46.436482, "activity_lines": [ 7.421408, 7.455242, 8.322536, 9.473043 ] }, { "date": "2024-04-26", "close": 7.422, "volume": 98504, "typical_volume": 147060.65, "trend": 10.889167, "fair_value": 22.122161, "relative_strength": -54.033008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.581237, "energy": 46.42371, "activity_lines": [ 7.404405, 7.439369, 8.143522, 9.224916 ] }, { "date": "2024-05-03", "close": 7.082, "volume": 192465, "typical_volume": 153451.25, "trend": 10.573234, "fair_value": 21.800892, "relative_strength": -55.537997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.452199, "energy": 47.198623, "activity_lines": [ 7.295537, 7.379459, 7.954888, 8.979292 ] }, { "date": "2024-05-10", "close": 7.46, "volume": 67746, "typical_volume": 143650.6, "trend": 10.275234, "fair_value": 21.546148, "relative_strength": -52.69486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.433995, "energy": 41.876289, "activity_lines": [ 7.340803, 7.38984, 7.827103, 8.778438 ] }, { "date": "2024-05-17", "close": 8.4, "volume": 339340, "typical_volume": 156275.4, "trend": 10.061901, "fair_value": 21.29102, "relative_strength": -46.657701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.398028, "energy": 29.616074, "activity_lines": [ 7.688868, 7.566803, 7.807117, 8.657455 ] }, { "date": "2024-05-24", "close": 9.2, "volume": 239664, "typical_volume": 166623.2, "trend": 9.882101, "fair_value": 21.019225, "relative_strength": -41.176197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.831706, "energy": 14.591282, "activity_lines": [ 8.237733, 7.867402, 7.876655, 8.601849 ] }, { "date": "2024-05-31", "close": 7.7, "volume": 77421, "typical_volume": 161061.9, "trend": 9.650234, "fair_value": 20.749353, "relative_strength": -48.799286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.573441, "energy": 17.591216, "activity_lines": [ 8.1668, 7.868692, 7.815717, 8.461068 ] }, { "date": "2024-06-07", "close": 8.01, "volume": 1589328, "typical_volume": 239335.0, "trend": 9.430567, "fair_value": 20.493007, "relative_strength": -46.968718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.772274, "energy": 16.442019, "activity_lines": [ 8.180667, 7.927147, 7.803807, 8.355247 ] }, { "date": "2024-06-14", "close": 7.64, "volume": 370107, "typical_volume": 254970.5, "trend": 9.205234, "fair_value": 20.213777, "relative_strength": -50.070514, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.119139, "energy": 12.744507, "activity_lines": [ 8.009333, 7.909128, 7.768992, 8.239726 ] }, { "date": "2024-06-21", "close": 8.0, "volume": 71961560, "typical_volume": 3850573.75, "trend": 9.011567, "fair_value": 19.941982, "relative_strength": -46.765431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.397628, "energy": 16.595122, "activity_lines": [ 7.946, 7.950419, 7.780654, 8.161969 ] }, { "date": "2024-06-28", "close": 6.622, "volume": 4456270, "typical_volume": 4070751.25, "trend": 8.785634, "fair_value": 19.676738, "relative_strength": -54.979529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.658794, "energy": 26.548979, "activity_lines": [ 7.45, 7.730473, 7.669402, 8.007803 ] }, { "date": "2024-07-05", "close": 5.988, "volume": 619818, "typical_volume": 4067031.45, "trend": 8.578501, "fair_value": 19.433071, "relative_strength": -59.738184, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.300022, "energy": 42.401311, "activity_lines": [ 6.914533, 7.409455, 7.512882, 7.827311 ] }, { "date": "2024-07-12", "close": 6.008, "volume": 516558, "typical_volume": 4075713.4, "trend": 8.368767, "fair_value": 19.199789, "relative_strength": -58.458864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.412231, "energy": 53.677768, "activity_lines": [ 6.499867, 7.118145, 7.369754, 7.661472 ] }, { "date": "2024-07-19", "close": 5.882, "volume": 7930899, "typical_volume": 4458928.35, "trend": 8.188234, "fair_value": 18.990059, "relative_strength": -56.60825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.811427, "energy": 61.508819, "activity_lines": [ 6.176667, 6.823455, 7.220149, 7.501036 ] }, { "date": "2024-07-26", "close": 5.244, "volume": 574110, "typical_volume": 4481293.55, "trend": 7.989701, "fair_value": 18.787777, "relative_strength": -59.279905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.390958, "energy": 65.23441, "activity_lines": [ 5.758, 6.441455, 7.016163, 7.311085 ] }, { "date": "2024-08-02", "close": 4.826, "volume": 780707, "typical_volume": 4512026.4, "trend": 7.757234, "fair_value": 18.575123, "relative_strength": -60.265679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.417765, "energy": 65.884581, "activity_lines": [ 5.383733, 6.040836, 6.781682, 7.106975 ] }, { "date": "2024-08-09", "close": 5.076, "volume": 305513, "typical_volume": 4524014.85, "trend": 7.533235, "fair_value": 18.366636, "relative_strength": -57.164721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.412532, "energy": 59.992442, "activity_lines": [ 5.212533, 5.7652, 6.584877, 6.933992 ] }, { "date": "2024-08-16", "close": 5.122, "volume": 94525, "typical_volume": 4526072.9, "trend": 7.350635, "fair_value": 18.186648, "relative_strength": -57.787935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.694159, "energy": 59.492383, "activity_lines": [ 5.117467, 5.545636, 6.405157, 6.778429 ] }, { "date": "2024-08-23", "close": 5.184, "volume": 241519, "typical_volume": 4533640.0, "trend": 7.183435, "fair_value": 18.004494, "relative_strength": -56.571169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.677733, "energy": 52.212655, "activity_lines": [ 5.102133, 5.389855, 6.242686, 6.638646 ] }, { "date": "2024-08-30", "close": 5.378, "volume": 375872, "typical_volume": 4544347.6, "trend": 7.037768, "fair_value": 17.790251, "relative_strength": -53.471899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.479146, "energy": 40.258686, "activity_lines": [ 5.198, 5.314, 6.108776, 6.522166 ] }, { "date": "2024-09-06", "close": 4.796, "volume": 310527, "typical_volume": 4557122.65, "trend": 6.871101, "fair_value": 17.578687, "relative_strength": -54.86037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.592976, "energy": 41.218674, "activity_lines": [ 5.090933, 5.18, 5.929124, 6.377536 ] }, { "date": "2024-09-13", "close": 4.9, "volume": 214174, "typical_volume": 4562906.15, "trend": 6.754435, "fair_value": 17.38061, "relative_strength": -55.364356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.111681, "energy": 39.52469, "activity_lines": [ 5.020533, 5.098109, 5.77179, 6.250368 ] }, { "date": "2024-09-20", "close": 3.96, "volume": 801756, "typical_volume": 4593370.7, "trend": 6.647501, "fair_value": 17.193174, "relative_strength": -63.183743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.859246, "energy": 72.369716, "activity_lines": [ 4.648533, 4.865091, 5.536943, 6.070082 ] }, { "date": "2024-09-27", "close": 4.744, "volume": 1144352, "typical_volume": 4647201.0, "trend": 6.564901, "fair_value": 17.019738, "relative_strength": -54.665613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.372247, "energy": 66.581868, "activity_lines": [ 4.615333, 4.811855, 5.391629, 5.947276 ] }, { "date": "2024-10-04", "close": 5.6067, "volume": 2299757, "typical_volume": 4745221.85, "trend": 6.511791, "fair_value": 16.856961, "relative_strength": -44.794695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.692292, "energy": 40.708073, "activity_lines": [ 4.899033, 4.936164, 5.34141, 5.885456 ] }, { "date": "2024-10-11", "close": 4.37, "volume": 99634, "typical_volume": 4738220.35, "trend": 6.399525, "fair_value": 16.688819, "relative_strength": -56.023473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.409373, "energy": 42.763263, "activity_lines": [ 4.755253, 4.829024, 5.186711, 5.747276 ] }, { "date": "2024-10-18", "close": 4.7601, "volume": 95418, "typical_volume": 4739120.2, "trend": 6.300061, "fair_value": 16.500102, "relative_strength": -50.679793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.363726, "energy": 32.388844, "activity_lines": [ 4.769907, 4.801102, 5.092165, 5.641507 ] }, { "date": "2024-10-25", "close": 4.21, "volume": 34337, "typical_volume": 4661370.65, "trend": 6.190261, "fair_value": 16.314269, "relative_strength": -54.942611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.181968, "energy": 37.375549, "activity_lines": [ 4.61052, 4.678905, 4.959228, 5.506664 ] }, { "date": "2024-11-01", "close": 4.07, "volume": 32128, "typical_volume": 4644471.7, "trend": 6.082527, "fair_value": 16.132666, "relative_strength": -54.253753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.220897, "energy": 45.250273, "activity_lines": [ 4.3878, 4.547836, 4.831052, 5.369873 ] }, { "date": "2024-11-08", "close": 3.98, "volume": 45231, "typical_volume": 1048655.25, "trend": 5.968127, "fair_value": 15.945359, "relative_strength": -56.152252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.727988, "energy": 52.647615, "activity_lines": [ 4.180013, 4.420658, 4.711306, 5.234226 ] }, { "date": "2024-11-15", "close": 3.52, "volume": 13366, "typical_volume": 826510.05, "trend": 5.838693, "fair_value": 15.771769, "relative_strength": -58.469588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.758044, "energy": 65.450008, "activity_lines": [ 3.92734, 4.235262, 4.566892, 5.076283 ] }, { "date": "2024-11-22", "close": 3.1, "volume": 39972, "typical_volume": 797517.75, "trend": 5.694627, "fair_value": 15.608307, "relative_strength": -62.854158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.899077, "energy": 72.06487, "activity_lines": [ 3.591333, 3.996702, 4.39725, 4.899593 ] }, { "date": "2024-11-29", "close": 3.05, "volume": 12050, "typical_volume": 772292.35, "trend": 5.560227, "fair_value": 15.488115, "relative_strength": -62.485285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.457257, "energy": 75.179611, "activity_lines": [ 3.349333, 3.781778, 4.236599, 4.728972 ] }, { "date": "2024-12-06", "close": 3.37, "volume": 149193, "typical_volume": 383207.05, "trend": 5.423893, "fair_value": 15.340487, "relative_strength": -58.623765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.808443, "energy": 66.637012, "activity_lines": [ 3.291333, 3.641582, 4.12051, 4.587667 ] }, { "date": "2024-12-13", "close": 3.3899, "volume": 213481, "typical_volume": 365175.6, "trend": 5.25689, "fair_value": 15.207089, "relative_strength": -57.418149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.255546, "energy": 53.850584, "activity_lines": [ 3.286633, 3.529985, 4.018277, 4.456441 ] }, { "date": "2024-12-20", "close": 3.57, "volume": 68152, "typical_volume": 329547.85, "trend": 5.069223, "fair_value": 15.078614, "relative_strength": -52.866067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.982279, "energy": 44.627079, "activity_lines": [ 3.381307, 3.49144, 3.942026, 4.34761 ] }, { "date": "2024-12-27", "close": 3.03, "volume": 128668, "typical_volume": 320705.6, "trend": 4.913557, "fair_value": 14.962781, "relative_strength": -59.19246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.85118, "energy": 46.500397, "activity_lines": [ 3.292647, 3.369258, 3.820328, 4.216047 ] }, { "date": "2025-01-03", "close": 3.37, "volume": 146905, "typical_volume": 323324.6, "trend": 4.75889, "fair_value": 14.850909, "relative_strength": -52.767987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.636815, "energy": 41.409129, "activity_lines": [ 3.321987, 3.340351, 3.740753, 4.116463 ] }, { "date": "2025-01-10", "close": 3.3675, "volume": 49537, "typical_volume": 313725.5, "trend": 4.616473, "fair_value": 14.741329, "relative_strength": -50.18825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.995282, "energy": 37.18144, "activity_lines": [ 3.32916, 3.326262, 3.669283, 4.026695 ] }, { "date": "2025-01-17", "close": 3.3864, "volume": 57832, "typical_volume": 297823.5, "trend": 4.462687, "fair_value": 14.627139, "relative_strength": -49.946076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.585954, "energy": 36.773922, "activity_lines": [ 3.3428, 3.328382, 3.608263, 3.947336 ] }, { "date": "2025-01-24", "close": 3.54, "volume": 51740, "typical_volume": 284884.15, "trend": 4.359953, "fair_value": 14.547268, "relative_strength": -47.079723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.644672, "energy": 28.785021, "activity_lines": [ 3.407873, 3.369222, 3.571355, 3.887808 ] }, { "date": "2025-01-31", "close": 6.5, "volume": 24518524, "typical_volume": 1500101.65, "trend": 4.37702, "fair_value": 14.467652, "relative_strength": 0.122801, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.988591, "energy": 26.9115, "activity_lines": [ 4.461613, 3.94788, 3.822333, 4.025875 ] }, { "date": "2025-02-07", "close": 5.8, "volume": 655696, "typical_volume": 1492798.65, "trend": 4.370087, "fair_value": 14.375344, "relative_strength": -9.157305, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.334814, "energy": 32.821404, "activity_lines": [ 5.050687, 4.337447, 3.999026, 4.11768 ] }, { "date": "2025-02-14", "close": 5.33, "volume": 614071, "typical_volume": 1466284.6, "trend": 4.351687, "fair_value": 14.296691, "relative_strength": -17.62003, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.984188, "energy": 31.732734, "activity_lines": [ 5.321093, 4.59156, 4.122194, 4.17961 ] }, { "date": "2025-02-21", "close": 4.145, "volume": 530987, "typical_volume": 1377846.1, "trend": 4.315053, "fair_value": 14.213696, "relative_strength": -33.548199, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.681551, "energy": 27.426058, "activity_lines": [ 5.065667, 4.594582, 4.129715, 4.166276 ] }, { "date": "2025-02-28", "close": 4.51, "volume": 226648, "typical_volume": 1384196.8, "trend": 4.30452, "fair_value": 14.143401, "relative_strength": -24.235528, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.754111, "energy": 19.294123, "activity_lines": [ 4.881333, 4.650238, 4.178959, 4.178853 ] }, { "date": "2025-03-07", "close": 4.68, "volume": 159778, "typical_volume": 1387414.8, "trend": 4.29132, "fair_value": 14.091376, "relative_strength": -17.819191, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.994626, "energy": 8.015724, "activity_lines": [ 4.689, 4.719713, 4.243726, 4.203077 ] }, { "date": "2025-03-14", "close": 3.8532, "volume": 70605, "typical_volume": 1389228.2, "trend": 4.249027, "fair_value": 13.977614, "relative_strength": -29.466424, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.390696, "energy": 7.258203, "activity_lines": [ 4.3424, 4.60886, 4.230131, 4.174812 ] }, { "date": "2025-03-21", "close": 3.96, "volume": 22349, "typical_volume": 1388739.25, "trend": 4.208227, "fair_value": 13.868383, "relative_strength": -26.54919, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.764439, "energy": 7.920814, "activity_lines": [ 4.161187, 4.50864, 4.228408, 4.156165 ] }, { "date": "2025-03-28", "close": 4.26, "volume": 168843, "typical_volume": 1394919.85, "trend": 4.17096, "fair_value": 13.750819, "relative_strength": -17.985322, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.40781, "energy": 6.794652, "activity_lines": [ 4.171307, 4.452193, 4.255779, 4.159505 ] }, { "date": "2025-04-04", "close": 3.89, "volume": 83912, "typical_volume": 1398447.15, "trend": 4.14076, "fair_value": 13.634729, "relative_strength": -15.817724, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.039823, "energy": 6.61193, "activity_lines": [ 4.050427, 4.312589, 4.246579, 4.141378 ] }, { "date": "2025-04-11", "close": 3.98, "volume": 46226, "typical_volume": 1398759.85, "trend": 4.110093, "fair_value": 13.532037, "relative_strength": -18.703768, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.549482, "energy": 8.113189, "activity_lines": [ 4.00088, 4.182985, 4.244189, 4.131007 ] }, { "date": "2025-04-18", "close": 4.03, "volume": 44905, "typical_volume": 1400402.6, "trend": 4.112427, "fair_value": 13.448922, "relative_strength": -14.415574, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.036784, "energy": 6.7912, "activity_lines": [ 4.014667, 4.108291, 4.24237, 4.12584 ] }, { "date": "2025-04-25", "close": 4.13, "volume": 73407, "typical_volume": 1396613.3, "trend": 4.09196, "fair_value": 13.360012, "relative_strength": -16.270333, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.560366, "energy": 5.899187, "activity_lines": [ 4.05, 4.08396, 4.245408, 4.126973 ] }, { "date": "2025-05-02", "close": 5.34, "volume": 123650, "typical_volume": 1392121.75, "trend": 4.08307, "fair_value": 13.292947, "relative_strength": 5.716366, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.629556, "energy": 27.843933, "activity_lines": [ 4.477333, 4.301447, 4.360065, 4.207492 ] }, { "date": "2025-05-09", "close": 5.64, "volume": 39568, "typical_volume": 1390692.55, "trend": 4.125403, "fair_value": 13.231665, "relative_strength": 12.992, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.221608, "energy": 58.195973, "activity_lines": [ 4.932667, 4.551753, 4.494007, 4.307939 ] }, { "date": "2025-05-16", "close": 5.82, "volume": 32565, "typical_volume": 1385887.4, "trend": 4.160733, "fair_value": 13.172819, "relative_strength": 10.669552, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.468713, "energy": 73.763846, "activity_lines": [ 5.331333, 4.81424, 4.635235, 4.417268 ] }, { "date": "2025-05-23", "close": 5.8, "volume": 12017, "typical_volume": 1379143.0, "trend": 4.213733, "fair_value": 13.097178, "relative_strength": 14.879393, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.46157, "energy": 81.897087, "activity_lines": [ 5.600667, 5.052364, 4.761273, 4.523027 ] }, { "date": "2025-05-30", "close": 5.8, "volume": 7128, "typical_volume": 1377022.55, "trend": 4.2714, "fair_value": 13.015768, "relative_strength": 14.025522, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.44871, "energy": 83.057909, "activity_lines": [ 5.752, 5.255091, 4.875739, 4.625367 ] }, { "date": "2025-06-06", "close": 5.9, "volume": 9661, "typical_volume": 1374614.0, "trend": 4.3354, "fair_value": 12.931794, "relative_strength": 15.041671, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.059667, "energy": 83.907079, "activity_lines": [ 5.825333, 5.442545, 4.988146, 4.730438 ] }, { "date": "2025-06-13", "close": 5.58, "volume": 13700, "typical_volume": 1372712.0, "trend": 4.404067, "fair_value": 12.847345, "relative_strength": 10.611451, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.293815, "energy": 74.98975, "activity_lines": [ 5.754667, 5.542, 5.058107, 4.810735 ] }, { "date": "2025-06-20", "close": 5.8189, "volume": 13626, "typical_volume": 147467.1, "trend": 4.494697, "fair_value": 12.757569, "relative_strength": 16.715895, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.789206, "energy": 53.344785, "activity_lines": [ 5.767633, 5.654164, 5.141106, 4.902014 ] }, { "date": "2025-06-27", "close": 5.71, "volume": 14746, "typical_volume": 115419.6, "trend": 4.583363, "fair_value": 12.660838, "relative_strength": 10.74918, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.043723, "energy": 48.571696, "activity_lines": [ 5.744373, 5.713093, 5.216977, 4.980421 ] }, { "date": "2025-07-04", "close": 5.31, "volume": 4324, "typical_volume": 84932.25, "trend": 4.64803, "fair_value": 12.562825, "relative_strength": 2.025643, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.596004, "energy": 35.202449, "activity_lines": [ 5.59378, 5.668749, 5.255181, 5.027301 ] }, { "date": "2025-07-11", "close": 6.15, "volume": 18871, "typical_volume": 59326.45, "trend": 4.740033, "fair_value": 12.456094, "relative_strength": 18.867766, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.826048, "energy": 45.526331, "activity_lines": [ 5.755853, 5.755678, 5.37348, 5.124202 ] }, { "date": "2025-07-18", "close": 5.57, "volume": 36862, "typical_volume": 49837.15, "trend": 4.8067, "fair_value": 12.358466, "relative_strength": 6.85838, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.777018, "energy": 29.656278, "activity_lines": [ 5.707927, 5.722425, 5.426994, 5.177748 ] }, { "date": "2025-07-25", "close": 4.75, "volume": 33704, "typical_volume": 43533.45, "trend": 4.864033, "fair_value": 12.237633, "relative_strength": -9.130082, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.134713, "energy": 12.825786, "activity_lines": [ 5.387333, 5.541355, 5.397365, 5.17409 ] }, { "date": "2025-08-01", "close": 5.02, "volume": 301024, "typical_volume": 55054.4, "trend": 4.919033, "fair_value": 12.096735, "relative_strength": -1.43966, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.474569, "energy": 13.237461, "activity_lines": [ 5.228, 5.428829, 5.393117, 5.184152 ] }, { "date": "2025-08-08", "close": 5.12, "volume": 37198, "typical_volume": 55796.85, "trend": 4.97745, "fair_value": 11.99494, "relative_strength": -2.59955, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.88521, "energy": 15.16369, "activity_lines": [ 5.148, 5.348667, 5.392837, 5.197118 ] }, { "date": "2025-08-15", "close": 4.7, "volume": 16073, "typical_volume": 48158.35, "trend": 5.021237, "fair_value": 11.890453, "relative_strength": -10.513306, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.147619, "energy": 25.136068, "activity_lines": [ 4.940667, 5.204505, 5.347032, 5.179218 ] }, { "date": "2025-08-22", "close": 5.05, "volume": 21930, "typical_volume": 45059.25, "trend": 5.07157, "fair_value": 11.771543, "relative_strength": -2.528174, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.859969, "energy": 17.294351, "activity_lines": [ 4.946667, 5.145798, 5.332466, 5.181074 ] }, { "date": "2025-08-29", "close": 4.9, "volume": 19678, "typical_volume": 43731.85, "trend": 5.018237, "fair_value": 11.666415, "relative_strength": -4.603171, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.773331, "energy": 19.578835, "activity_lines": [ 4.937333, 5.069455, 5.29809, 5.170005 ] }, { "date": "2025-09-05", "close": 5.24, "volume": 8938, "typical_volume": 41933.5, "trend": 4.99957, "fair_value": 11.570787, "relative_strength": 1.371546, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.655302, "energy": 9.498204, "activity_lines": [ 5.031333, 5.071636, 5.291715, 5.184312 ] }, { "date": "2025-09-12", "close": 7.37, "volume": 8989786, "typical_volume": 487752.45, "trend": 5.06757, "fair_value": 11.473158, "relative_strength": 39.345746, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.592621, "energy": 23.416077, "activity_lines": [ 5.820667, 5.469636, 5.482434, 5.337243 ] }, { "date": "2025-09-19", "close": 7.65, "volume": 284451, "typical_volume": 495792.5, "trend": 5.184403, "fair_value": 11.40553, "relative_strength": 40.228345, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.312872, "energy": 36.31485, "activity_lines": [ 6.553333, 5.881091, 5.684392, 5.503851 ] }, { "date": "2025-09-26", "close": 7.19, "volume": 260413, "typical_volume": 506834.75, "trend": 5.273737, "fair_value": 11.332697, "relative_strength": 31.7611, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.986032, "energy": 43.765059, "activity_lines": [ 6.936, 6.181636, 5.83154, 5.633245 ] }, { "date": "2025-10-03", "close": 7.28, "volume": 81208, "typical_volume": 509266.9, "trend": 5.360403, "fair_value": 11.258376, "relative_strength": 31.676634, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.986875, "energy": 52.311588, "activity_lines": [ 7.206, 6.469091, 5.979879, 5.762681 ] }, { "date": "2025-10-10", "close": 6.0, "volume": 68748, "typical_volume": 512103.45, "trend": 5.431963, "fair_value": 11.182607, "relative_strength": 10.74728, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.009011, "energy": 42.083986, "activity_lines": [ 6.890667, 6.477818, 5.99936, 5.803945 ] }, { "date": "2025-10-17", "close": 5.52, "volume": 47972, "typical_volume": 514145.65, "trend": 5.483963, "fair_value": 11.094633, "relative_strength": -0.434897, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.150479, "energy": 16.933546, "activity_lines": [ 6.364667, 6.381455, 5.972175, 5.809625 ] }, { "date": "2025-10-24", "close": 5.6, "volume": 31617, "typical_volume": 515243.45, "trend": 5.52863, "fair_value": 10.998479, "relative_strength": -1.257214, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.134449, "energy": 13.28311, "activity_lines": [ 5.988667, 6.292364, 5.953942, 5.817111 ] }, { "date": "2025-10-31", "close": 5.22, "volume": 48930, "typical_volume": 517004.95, "trend": 5.572963, "fair_value": 10.901966, "relative_strength": -9.690781, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.84159, "energy": 15.34287, "activity_lines": [ 5.622667, 6.117818, 5.900947, 5.7972 ] }, { "date": "2025-11-07", "close": 5.36, "volume": 37366, "typical_volume": 518191.95, "trend": 5.618963, "fair_value": 10.804274, "relative_strength": -4.530392, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.533594, "energy": 9.927926, "activity_lines": [ 5.434667, 5.965636, 5.863, 5.78346 ] }, { "date": "2025-11-14", "close": 5.57, "volume": 13419, "typical_volume": 518125.6, "trend": 5.670297, "fair_value": 10.705363, "relative_strength": -1.064361, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.550821, "energy": 10.77573, "activity_lines": [ 5.444667, 5.843273, 5.847238, 5.780301 ] }, { "date": "2025-11-21", "close": 5.05, "volume": 7342, "typical_volume": 518276.5, "trend": 5.700963, "fair_value": 10.606966, "relative_strength": -7.90341, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.033059, "energy": 13.429212, "activity_lines": [ 5.31, 5.620364, 5.782619, 5.740282 ] }, { "date": "2025-11-28", "close": 4.8201, "volume": 6140, "typical_volume": 517639.95, "trend": 5.683633, "fair_value": 10.481749, "relative_strength": -16.543673, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.625173, "energy": 18.578818, "activity_lines": [ 5.130033, 5.397836, 5.697343, 5.683452 ] }, { "date": "2025-12-05", "close": 4.91, "volume": 10907, "typical_volume": 516342.2, "trend": 5.6593, "fair_value": 10.358082, "relative_strength": -16.078703, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.830229, "energy": 27.18737, "activity_lines": [ 5.032027, 5.243107, 5.626961, 5.63354 ] }, { "date": "2025-12-12", "close": 4.25, "volume": 17714, "typical_volume": 515542.7, "trend": 5.606967, "fair_value": 10.235967, "relative_strength": -26.031776, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.485931, "energy": 65.219318, "activity_lines": [ 4.734687, 5.009833, 5.496866, 5.542618 ] }, { "date": "2025-12-19", "close": 4.0, "volume": 50958, "typical_volume": 503039.4, "trend": 5.546967, "fair_value": 10.126992, "relative_strength": -30.707589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.048823, "energy": 71.487482, "activity_lines": [ 4.428013, 4.786195, 5.345341, 5.438943 ] }, { "date": "2025-12-26", "close": 4.5, "volume": 27187, "typical_volume": 502538.85, "trend": 5.503633, "fair_value": 10.023544, "relative_strength": -23.217808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.362725, "energy": 68.191531, "activity_lines": [ 4.392673, 4.689829, 5.246293, 5.371396 ] }, { "date": "2026-01-02", "close": 4.68, "volume": 21480, "typical_volume": 502809.2, "trend": 5.462967, "fair_value": 9.900979, "relative_strength": -18.926719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.037909, "energy": 64.613055, "activity_lines": [ 4.454, 4.644736, 5.16734, 5.318259 ] }, { "date": "2026-01-09", "close": 4.4, "volume": 37202, "typical_volume": 503572.8, "trend": 5.423633, "fair_value": 9.772774, "relative_strength": -25.476053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.869124, "energy": 52.037492, "activity_lines": [ 4.431333, 4.565462, 5.061816, 5.24968 ] }, { "date": "2026-01-16", "close": 5.29, "volume": 44302, "typical_volume": 504804.0, "trend": 5.406003, "fair_value": 9.655403, "relative_strength": -9.990479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.987504, "energy": 22.323261, "activity_lines": [ 4.739333, 4.662915, 5.044149, 5.241059 ] }, { "date": "2026-01-23", "close": 4.5, "volume": 12574, "typical_volume": 504985.8, "trend": 5.36567, "fair_value": 9.521428, "relative_strength": -23.69082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.99019, "energy": 22.932453, "activity_lines": [ 4.714667, 4.618004, 4.949387, 5.182607 ] }, { "date": "2026-01-30", "close": 4.9, "volume": 66159, "typical_volume": 58804.45, "trend": 5.352003, "fair_value": 9.405326, "relative_strength": -16.004775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.567195, "energy": 17.833808, "activity_lines": [ 4.79, 4.665275, 4.896243, 5.152564 ] }, { "date": "2026-02-06", "close": 4.25, "volume": 40867, "typical_volume": 46625.25, "trend": 5.28867, "fair_value": 9.273595, "relative_strength": -25.045041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.120926, "energy": 23.667484, "activity_lines": [ 4.622, 4.597091, 4.792957, 5.081467 ] }, { "date": "2026-02-13", "close": 4.0, "volume": 21830, "typical_volume": 34696.1, "trend": 5.236337, "fair_value": 9.144838, "relative_strength": -28.05601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.765092, "energy": 40.064936, "activity_lines": [ 4.399333, 4.493818, 4.682052, 4.998327 ] }, { "date": "2026-02-20", "close": 3.76, "volume": 47547, "typical_volume": 33013.05, "trend": 5.203337, "fair_value": 9.017659, "relative_strength": -32.894547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.6959, "energy": 52.105399, "activity_lines": [ 4.123333, 4.363455, 4.56348, 4.903079 ] }, { "date": "2026-02-27", "close": 3.561, "volume": 15267, "typical_volume": 30339.0, "trend": 5.154703, "fair_value": 8.895614, "relative_strength": -35.877644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.824746, "energy": 64.974471, "activity_lines": [ 3.883, 4.205818, 4.442718, 4.797122 ] }, { "date": "2026-03-06", "close": 3.24, "volume": 30540, "typical_volume": 29467.4, "trend": 5.092037, "fair_value": 8.784204, "relative_strength": -40.402777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.50041, "energy": 71.110091, "activity_lines": [ 3.598267, 3.9978, 4.302998, 4.673593 ] }, { "date": "2026-03-13", "close": 3.23, "volume": 13534, "typical_volume": 28563.25, "trend": 5.043037, "fair_value": 8.672858, "relative_strength": -39.646139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.747092, "energy": 72.07612, "activity_lines": [ 3.420867, 3.810873, 4.173183, 4.553461 ] }, { "date": "2026-03-20", "close": 4.3, "volume": 494271, "typical_volume": 50830.3, "trend": 5.018037, "fair_value": 8.563242, "relative_strength": -17.887419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.296074, "energy": 41.521042, "activity_lines": [ 3.668133, 3.844855, 4.156559, 4.505523 ] }, { "date": "2026-03-27", "close": 3.92, "volume": 53405, "typical_volume": 51632.25, "trend": 4.98537, "fair_value": 8.447345, "relative_strength": -22.289954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.117991, "energy": 34.769427, "activity_lines": [ 3.768733, 3.811564, 4.108125, 4.434682 ] }, { "date": "2026-04-03", "close": 4.1399, "volume": 21664, "typical_volume": 52044.5, "trend": 4.9487, "fair_value": 8.340549, "relative_strength": -20.704102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.608576, "energy": 21.350783, "activity_lines": [ 3.931967, 3.843164, 4.087491, 4.380136 ] }, { "date": "2026-04-10", "close": 3.93, "volume": 56222, "typical_volume": 54488.5, "trend": 4.834033, "fair_value": 8.236254, "relative_strength": -27.568655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.699572, "energy": 18.139246, "activity_lines": [ 3.98664, 3.843147, 4.053677, 4.314413 ] }, { "date": "2026-04-17", "close": 3.55, "volume": 70135, "typical_volume": 57688.25, "trend": 4.697367, "fair_value": 8.13146, "relative_strength": -37.891235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.212428, "energy": 22.236817, "activity_lines": [ 3.868647, 3.791676, 3.989006, 4.231572 ] }, { "date": "2026-04-24", "close": 3.49, "volume": 47347, "typical_volume": 59510.25, "trend": 4.574033, "fair_value": 8.028165, "relative_strength": -39.795047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.855238, "energy": 28.886302, "activity_lines": [ 3.70932, 3.742024, 3.924668, 4.153678 ] }, { "date": "2026-05-01", "close": 3.39, "volume": 67116, "typical_volume": 61980.35, "trend": 4.444367, "fair_value": 7.921691, "relative_strength": -41.648164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.497642, "energy": 38.781295, "activity_lines": [ 3.57066, 3.683462, 3.857569, 4.077289 ] }, { "date": "2026-05-08", "close": 3.6, "volume": 151592, "typical_volume": 67012.05, "trend": 4.364367, "fair_value": 7.812716, "relative_strength": -40.394282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.559837, "energy": 38.368042, "activity_lines": [ 3.537333, 3.669809, 3.814564, 4.022813 ] }, { "date": "2026-05-15", "close": 3.39, "volume": 178179, "typical_volume": 74561.65, "trend": 4.293367, "fair_value": 7.703678, "relative_strength": -42.858509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.828955, "energy": 38.139671, "activity_lines": [ 3.47, 3.617265, 3.753465, 3.959951 ] }, { "date": "2026-05-22", "close": 3.6301, "volume": 145427, "typical_volume": 80759.0, "trend": 4.227703, "fair_value": 7.60096, "relative_strength": -38.647173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.330677, "energy": 29.224471, "activity_lines": [ 3.5187, 3.605649, 3.720518, 3.91716 ] }, { "date": "2026-05-29", "close": 3.43, "volume": 37709, "typical_volume": 80784.35, "trend": 4.168037, "fair_value": 7.492178, "relative_strength": -42.783427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.808129, "energy": 28.339525, "activity_lines": [ 3.49536, 3.550376, 3.673513, 3.865695 ] }, { "date": "2026-06-05", "close": 3.3177, "volume": 220977, "typical_volume": 89618.1, "trend": 4.09996, "fair_value": 7.387343, "relative_strength": -41.144997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.547468, "energy": 30.554937, "activity_lines": [ 3.438587, 3.490504, 3.620432, 3.810834 ] }, { "date": "2026-06-12", "close": 2.93, "volume": 399203, "typical_volume": 108949.55, "trend": 4.01196, "fair_value": 7.284305, "relative_strength": -48.380488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.084541, "energy": 35.912373, "activity_lines": [ 3.2574, 3.371091, 3.539819, 3.735353 ] }, { "date": "2026-06-19", "close": 2.9, "volume": 187265, "typical_volume": 115004.85, "trend": 3.940293, "fair_value": 7.187933, "relative_strength": -49.351492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.581376, "energy": 53.850321, "activity_lines": [ 3.11088, 3.268222, 3.463825, 3.663614 ] }, { "date": "2026-06-26", "close": 2.735, "volume": 89606, "typical_volume": 117441.8, "trend": 3.87079, "fair_value": 7.093939, "relative_strength": -49.150868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.203053, "energy": 63.141252, "activity_lines": [ 2.942027, 3.15408, 3.381641, 3.585853 ] }, { "date": "2026-07-03", "close": 2.69, "volume": 12768, "typical_volume": 116988.7, "trend": 3.79679, "fair_value": 6.995157, "relative_strength": -49.676039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.233414, "energy": 66.617775, "activity_lines": [ 2.817847, 3.046575, 3.302385, 3.509673 ] }, { "date": "2026-07-10", "close": 2.78, "volume": 31623, "typical_volume": 116192.5, "trend": 3.74779, "fair_value": 6.889914, "relative_strength": -47.942708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.201397, "energy": 63.714836, "activity_lines": [ 2.773, 2.969978, 3.237939, 3.444074 ] }, { "date": "2026-07-17", "close": 2.6499, "volume": 24912, "typical_volume": 116674.75, "trend": 3.702787, "fair_value": 6.789669, "relative_strength": -47.379729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.884118, "energy": 59.458564, "activity_lines": [ 2.720633, 2.880818, 3.165769, 3.373242 ] }, { "date": "2026-07-24", "close": 2.7974, "volume": 106762, "typical_volume": 120485.85, "trend": 3.646033, "fair_value": 6.690166, "relative_strength": -42.893133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.380951, "energy": 40.837822, "activity_lines": [ 2.736107, 2.835751, 3.111985, 3.31483 ] }, { "date": "2026-07-31", "close": 2.88, "volume": 38972, "typical_volume": 121757.75, "trend": 3.586033, "fair_value": 6.590678, "relative_strength": -40.746633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.754769, "energy": 35.194059, "activity_lines": [ 2.785953, 2.816476, 3.068176, 3.265408 ] }, { "date": "2026-08-07", "close": 3.17, "volume": 36216, "typical_volume": 98855.0, "trend": 3.545033, "fair_value": 6.49305, "relative_strength": -37.160908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.34543, "energy": 24.43268, "activity_lines": [ 2.9228, 2.863567, 3.053652, 3.238568 ] } ], "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." } } }