{ "ticker": { "uuid": "8783d73d-ae6e-459d-93ce-5b3386447fb0", "symbol": "000488", "name": "Shandong Chenming Paper Holdings Limited", "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": "Early contraction", "architecture_gate": "down", "architecture_direction": -70.776, "architecture_energy": 74.682, "architecture_maturity": 28.163, "architecture_confidence": 96, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 17.6, "rotation_up": 23.35, "upward_expansion": 16.8, "deceleration": 41.36, "rotation_down": 60.43, "downward_expansion": 90.13 }, "activity_lines": [ 1.926, 1.962182, 2.114333, 2.230022 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 1.89, "trend_reference": 2.309, "distance_from_trend": -0.181464, "trend_direction": "Weakening", "fair_value": 2.959231, "distance_from_fair_value": -0.361321, "fair_value_direction": "Weakening", "relative_strength": -18.618487, "relative_strength_direction": "Weakening", "price_momentum": -0.125, "excess_performance": -0.1324, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.181464, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.01661, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.361321, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.147033, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.186185, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.111692, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.125, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.239152, "read": "Supply-led" } ], "volume": { "latest": 50887711, "relative_activity": 0.679088, "balance": 0.239152, "dry_up": 0.627126, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.076109, "annualized_volatility": 0.38486, "from_high_reference": -0.407524, "from_low_reference": 0.027174 }, "levels": { "trend_reference": 2.309, "fair_value_reference": 2.959231, "structural_low": 1.84, "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": 39, "median_return": -0.03, "positive_rate": 0.282051, "directional_follow_through": 0.717949, "median_excess_return": -0.009849, "regime_survival": 0.820513, "best_return": 0.125, "worst_return": -0.206226, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.044272, "positive_rate": 0.214286, "directional_follow_through": 0.785714, "median_excess_return": -0.01812, "regime_survival": 0.714286, "best_return": 0.199422, "worst_return": -0.41194, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.136967, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.122647, "regime_survival": 0.625, "best_return": 0.139896, "worst_return": -0.350168, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.280232, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.100333, "regime_survival": 0.5, "best_return": -0.136961, "worst_return": -0.350453, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-09-27", "tenure": "New", "return": 0.154079, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-01", "tenure": "Developing", "return": -0.120482, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-12-06", "tenure": "Developing", "return": -0.135897, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-07-04", "tenure": "Extended", "return": -0.423881, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.015464, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-01", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.067511, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": -0.040179, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2026-02-06", "tenure": "Established", "return": 0.004785, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": 0.04386, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-05-01", "tenure": "Developing", "return": 0.03629, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-08", "end": "2026-06-05", "tenure": "Developing", "return": -0.143426, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": -0.078341, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 5.09, "volume": 50000879, "typical_volume": 44743788.75, "trend": 5.067333, "fair_value": 6.5104, "relative_strength": 3.0368, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.122873, "energy": 15.768445, "activity_lines": [ 4.956, 4.907455, 4.934381, 5.001183 ] }, { "date": "2023-08-04", "close": 5.11, "volume": 45137489, "typical_volume": 43105773.4, "trend": 5.071667, "fair_value": 6.511178, "relative_strength": 2.140512, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.776894, "energy": 19.104699, "activity_lines": [ 5.018667, 4.948909, 4.944667, 5.003935 ] }, { "date": "2023-08-11", "close": 4.96, "volume": 34086708, "typical_volume": 41895383.65, "trend": 5.066333, "fair_value": 6.509959, "relative_strength": 3.024831, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.937426, "energy": 19.926657, "activity_lines": [ 5.014, 4.958364, 4.941429, 4.996731 ] }, { "date": "2023-08-18", "close": 4.84, "volume": 38922627, "typical_volume": 40725288.4, "trend": 5.058667, "fair_value": 6.507787, "relative_strength": 3.754829, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.951107, "energy": 21.658594, "activity_lines": [ 4.964, 4.944182, 4.92819, 4.982129 ] }, { "date": "2023-08-25", "close": 4.6, "volume": 51621280, "typical_volume": 41154821.25, "trend": 5.041, "fair_value": 6.50426, "relative_strength": 1.693892, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.564431, "energy": 52.91952, "activity_lines": [ 4.836667, 4.886545, 4.894333, 4.952538 ] }, { "date": "2023-09-01", "close": 4.59, "volume": 72987947, "typical_volume": 41838110.05, "trend": 5.022, "fair_value": 6.501278, "relative_strength": -1.821083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.065722, "energy": 76.615474, "activity_lines": [ 4.726667, 4.831636, 4.862667, 4.923441 ] }, { "date": "2023-09-08", "close": 4.5, "volume": 68502348, "typical_volume": 42396941.7, "trend": 4.996, "fair_value": 6.496442, "relative_strength": -2.049998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.662794, "energy": 84.06315, "activity_lines": [ 4.62, 4.764182, 4.825238, 4.889763 ] }, { "date": "2023-09-15", "close": 4.59, "volume": 46107837, "typical_volume": 42298057.25, "trend": 4.974, "fair_value": 6.491683, "relative_strength": 1.240685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.585633, "energy": 79.807287, "activity_lines": [ 4.584, 4.719455, 4.798762, 4.86357 ] }, { "date": "2023-09-22", "close": 4.57, "volume": 45697274, "typical_volume": 43223179.95, "trend": 4.947667, "fair_value": 6.485919, "relative_strength": 0.463968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.847679, "energy": 75.713003, "activity_lines": [ 4.566, 4.676364, 4.772476, 4.837505 ] }, { "date": "2023-09-29", "close": 4.58, "volume": 39535621, "typical_volume": 42441910.3, "trend": 4.919333, "fair_value": 6.481471, "relative_strength": 1.372354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.268988, "energy": 58.241191, "activity_lines": [ 4.569333, 4.640727, 4.748714, 4.813785 ] }, { "date": "2023-10-13", "close": 4.44, "volume": 53514187, "typical_volume": 42968109.7, "trend": 4.894, "fair_value": 6.474185, "relative_strength": -1.321306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.42996, "energy": 54.18425, "activity_lines": [ 4.527333, 4.585636, 4.713905, 4.78286 ] }, { "date": "2023-10-20", "close": 4.32, "volume": 41730769, "typical_volume": 42853706.45, "trend": 4.862333, "fair_value": 6.467883, "relative_strength": 0.932224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.405055, "energy": 57.722381, "activity_lines": [ 4.455333, 4.520545, 4.670095, 4.745828 ] }, { "date": "2023-10-27", "close": 4.44, "volume": 44135411, "typical_volume": 43609835.95, "trend": 4.835, "fair_value": 6.46379, "relative_strength": 1.507799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.327477, "energy": 50.471434, "activity_lines": [ 4.435333, 4.491636, 4.640238, 4.718581 ] }, { "date": "2023-11-03", "close": 4.4, "volume": 42065199, "typical_volume": 43962866.55, "trend": 4.804667, "fair_value": 6.458751, "relative_strength": -0.291994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.527358, "energy": 52.552366, "activity_lines": [ 4.412, 4.464909, 4.608571, 4.690516 ] }, { "date": "2023-11-10", "close": 4.25, "volume": 80647711, "typical_volume": 46355455.7, "trend": 4.771, "fair_value": 6.452376, "relative_strength": -4.768514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.376951, "energy": 58.832168, "activity_lines": [ 4.35, 4.418909, 4.564762, 4.654731 ] }, { "date": "2023-11-17", "close": 4.11, "volume": 102123835, "typical_volume": 50135687.45, "trend": 4.735333, "fair_value": 6.445666, "relative_strength": -7.833768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.239097, "energy": 68.244714, "activity_lines": [ 4.263333, 4.353818, 4.510476, 4.612086 ] }, { "date": "2023-11-24", "close": 4.11, "volume": 101067393, "typical_volume": 53358248.4, "trend": 4.705667, "fair_value": 6.43902, "relative_strength": -6.413454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.954306, "energy": 74.506996, "activity_lines": [ 4.198667, 4.297455, 4.459476, 4.571742 ] }, { "date": "2023-12-01", "close": 4.0, "volume": 66148623, "typical_volume": 54970484.35, "trend": 4.671333, "fair_value": 6.429915, "relative_strength": -7.650875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.47144, "energy": 86.424689, "activity_lines": [ 4.111333, 4.228182, 4.401524, 4.526215 ] }, { "date": "2023-12-08", "close": 3.93, "volume": 53221267, "typical_volume": 55928747.85, "trend": 4.639, "fair_value": 6.419234, "relative_strength": -7.484927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.569996, "energy": 91.375811, "activity_lines": [ 4.03, 4.156909, 4.341095, 4.478387 ] }, { "date": "2023-12-15", "close": 3.93, "volume": 47400900, "typical_volume": 56232765.25, "trend": 4.601333, "fair_value": 6.405173, "relative_strength": -5.669671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.073231, "energy": 89.519992, "activity_lines": [ 3.98, 4.097273, 4.28519, 4.432645 ] }, { "date": "2023-12-22", "close": 3.85, "volume": 41245172, "typical_volume": 55794979.9, "trend": 4.564667, "fair_value": 6.387281, "relative_strength": -5.826292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.425037, "energy": 90.685032, "activity_lines": [ 3.924667, 4.034909, 4.226333, 4.384172 ] }, { "date": "2023-12-29", "close": 3.88, "volume": 41550487, "typical_volume": 55615629.8, "trend": 4.532333, "fair_value": 6.370833, "relative_strength": -7.889493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.091492, "energy": 83.664976, "activity_lines": [ 3.896667, 3.988727, 4.176238, 4.34 ] }, { "date": "2024-01-05", "close": 3.9, "volume": 33744527, "typical_volume": 55598520.75, "trend": 4.500333, "fair_value": 6.357018, "relative_strength": -3.16046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.802546, "energy": 65.093891, "activity_lines": [ 3.890667, 3.954182, 4.133905, 4.299204 ] }, { "date": "2024-01-12", "close": 3.9, "volume": 38612139, "typical_volume": 55582996.35, "trend": 4.468667, "fair_value": 6.342201, "relative_strength": -1.787447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.730478, "energy": 62.978082, "activity_lines": [ 3.891333, 3.929455, 4.096619, 4.260473 ] }, { "date": "2024-01-19", "close": 3.67, "volume": 53071930, "typical_volume": 55655528.85, "trend": 4.429333, "fair_value": 6.326223, "relative_strength": -5.243568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.779377, "energy": 69.182393, "activity_lines": [ 3.817333, 3.872, 4.041905, 4.208946 ] }, { "date": "2024-01-26", "close": 3.73, "volume": 66507507, "typical_volume": 55331506.85, "trend": 4.393667, "fair_value": 6.309941, "relative_strength": -3.375436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.117502, "energy": 63.727536, "activity_lines": [ 3.780667, 3.836, 3.997333, 4.163828 ] }, { "date": "2024-02-02", "close": 3.2, "volume": 75807151, "typical_volume": 55696747.0, "trend": 4.338667, "fair_value": 6.282248, "relative_strength": -9.712303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.226227, "energy": 74.461279, "activity_lines": [ 3.575333, 3.710545, 3.906381, 4.086817 ] }, { "date": "2024-02-09", "close": 3.52, "volume": 101513404, "typical_volume": 58467025.35, "trend": 4.293333, "fair_value": 6.254414, "relative_strength": -9.180101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.388767, "energy": 63.169093, "activity_lines": [ 3.522, 3.659818, 3.852095, 4.034 ] }, { "date": "2024-02-23", "close": 3.52, "volume": 82275094, "typical_volume": 60295916.35, "trend": 4.248, "fair_value": 6.228898, "relative_strength": -11.467428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.894456, "energy": 61.928662, "activity_lines": [ 3.494, 3.617818, 3.802905, 3.984108 ] }, { "date": "2024-03-01", "close": 3.53, "volume": 85515305, "typical_volume": 62594900.55, "trend": 4.202, "fair_value": 6.206262, "relative_strength": -14.375973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.491181, "energy": 59.821438, "activity_lines": [ 3.494667, 3.585091, 3.759667, 3.937785 ] }, { "date": "2024-03-08", "close": 3.45, "volume": 68006177, "typical_volume": 63319500.05, "trend": 4.147333, "fair_value": 6.17748, "relative_strength": -15.407651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.842157, "energy": 54.155541, "activity_lines": [ 3.478, 3.545091, 3.71381, 3.889269 ] }, { "date": "2024-03-15", "close": 3.57, "volume": 71815674, "typical_volume": 64823745.3, "trend": 4.096, "fair_value": 6.136444, "relative_strength": -14.356162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.128341, "energy": 45.110066, "activity_lines": [ 3.52, 3.534182, 3.684095, 3.852022 ] }, { "date": "2024-03-22", "close": 3.6, "volume": 63618943, "typical_volume": 65797921.9, "trend": 4.050667, "fair_value": 6.083769, "relative_strength": -12.908778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.037421, "energy": 35.284865, "activity_lines": [ 3.547333, 3.534364, 3.66081, 3.820022 ] }, { "date": "2024-03-29", "close": 3.52, "volume": 49647884, "typical_volume": 66177056.15, "trend": 4.006667, "fair_value": 6.037029, "relative_strength": -12.992648, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.090618, "energy": 32.650057, "activity_lines": [ 3.542667, 3.525455, 3.633905, 3.785785 ] }, { "date": "2024-04-05", "close": 3.58, "volume": 42268813, "typical_volume": 64258111.25, "trend": 3.972667, "fair_value": 5.994618, "relative_strength": -12.542778, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -40.633559, "energy": 26.797061, "activity_lines": [ 3.558, 3.534364, 3.616905, 3.758258 ] }, { "date": "2024-04-12", "close": 3.5, "volume": 187062701, "typical_volume": 68505054.55, "trend": 3.936333, "fair_value": 5.955889, "relative_strength": -11.271637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.123104, "energy": 27.592933, "activity_lines": [ 3.543333, 3.530364, 3.595476, 3.727763 ] }, { "date": "2024-04-19", "close": 3.71, "volume": 346098831, "typical_volume": 80756626.45, "trend": 3.91, "fair_value": 5.915813, "relative_strength": -6.299786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.09296, "energy": 18.869443, "activity_lines": [ 3.595333, 3.568727, 3.596952, 3.713161 ] }, { "date": "2024-04-26", "close": 3.77, "volume": 263743999, "typical_volume": 90636395.25, "trend": 3.882667, "fair_value": 5.880067, "relative_strength": -6.468907, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.205894, "energy": 10.190976, "activity_lines": [ 3.658, 3.608727, 3.606048, 3.704129 ] }, { "date": "2024-05-03", "close": 3.84, "volume": 74640001, "typical_volume": 91707331.95, "trend": 3.858333, "fair_value": 5.836129, "relative_strength": -5.802941, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.650827, "energy": 11.332434, "activity_lines": [ 3.732667, 3.656909, 3.622905, 3.701376 ] }, { "date": "2024-05-10", "close": 3.84, "volume": 142472774, "typical_volume": 96460925.65, "trend": 3.833667, "fair_value": 5.791816, "relative_strength": -6.991851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.088438, "energy": 17.977841, "activity_lines": [ 3.786, 3.699273, 3.64019, 3.700194 ] }, { "date": "2024-05-17", "close": 3.97, "volume": 211470337, "typical_volume": 104972183.9, "trend": 3.818, "fair_value": 5.75034, "relative_strength": -3.498586, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.569204, "energy": 49.092419, "activity_lines": [ 3.865333, 3.759636, 3.670286, 3.708989 ] }, { "date": "2024-05-24", "close": 3.93, "volume": 150123061, "typical_volume": 110400812.6, "trend": 3.805, "fair_value": 5.708545, "relative_strength": -1.392292, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.132261, "energy": 50.351904, "activity_lines": [ 3.9, 3.803273, 3.696, 3.716215 ] }, { "date": "2024-05-31", "close": 3.76, "volume": 86355131, "typical_volume": 113031342.8, "trend": 3.782333, "fair_value": 5.665472, "relative_strength": -4.857562, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.004222, "energy": 36.803283, "activity_lines": [ 3.863333, 3.809455, 3.705286, 3.713312 ] }, { "date": "2024-06-07", "close": 3.63, "volume": 76277060, "typical_volume": 114914588.85, "trend": 3.756667, "fair_value": 5.617371, "relative_strength": -6.846027, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -3.992623, "energy": 9.788977, "activity_lines": [ 3.784, 3.789091, 3.702857, 3.703484 ] }, { "date": "2024-06-14", "close": 3.51, "volume": 45982527, "typical_volume": 114560118.7, "trend": 3.732, "fair_value": 5.57376, "relative_strength": -9.63401, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.978067, "energy": 14.666739, "activity_lines": [ 3.678667, 3.744909, 3.690286, 3.68757 ] }, { "date": "2024-06-21", "close": 3.41, "volume": 47022162, "typical_volume": 113585851.45, "trend": 3.708667, "fair_value": 5.532012, "relative_strength": -10.092244, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.419547, "energy": 35.143896, "activity_lines": [ 3.562, 3.683818, 3.668952, 3.666796 ] }, { "date": "2024-06-28", "close": 3.46, "volume": 51429989, "typical_volume": 112366993.35, "trend": 3.687, "fair_value": 5.489896, "relative_strength": -6.382407, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.405515, "energy": 40.227368, "activity_lines": [ 3.499333, 3.633455, 3.653905, 3.650753 ] }, { "date": "2024-07-05", "close": 3.46, "volume": 48938881, "typical_volume": 109738267.2, "trend": 3.669, "fair_value": 5.449784, "relative_strength": -4.574758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.077285, "energy": 53.123768, "activity_lines": [ 3.468, 3.587636, 3.637619, 3.636108 ] }, { "date": "2024-07-12", "close": 3.54, "volume": 55579310, "typical_volume": 108403478.0, "trend": 3.656, "fair_value": 5.415192, "relative_strength": -3.939122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.403057, "energy": 47.31194, "activity_lines": [ 3.483333, 3.562, 3.629238, 3.627785 ] }, { "date": "2024-07-19", "close": 3.42, "volume": 51596793, "typical_volume": 106707552.4, "trend": 3.639, "fair_value": 5.384715, "relative_strength": -7.433825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.283376, "energy": 47.465397, "activity_lines": [ 3.464667, 3.52, 3.609333, 3.612559 ] }, { "date": "2024-07-26", "close": 3.41, "volume": 49455347, "typical_volume": 105780010.9, "trend": 3.624333, "fair_value": 5.352232, "relative_strength": -4.224447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.221751, "energy": 43.570217, "activity_lines": [ 3.448667, 3.483818, 3.589, 3.597785 ] }, { "date": "2024-08-02", "close": 3.55, "volume": 49651692, "typical_volume": 104671811.8, "trend": 3.613333, "fair_value": 5.323715, "relative_strength": 0.398771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.796921, "energy": 30.214173, "activity_lines": [ 3.479333, 3.483273, 3.58219, 3.592989 ] }, { "date": "2024-08-09", "close": 3.68, "volume": 90292739, "typical_volume": 106005501.6, "trend": 3.606, "fair_value": 5.293527, "relative_strength": 6.156708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.476168, "energy": 14.921861, "activity_lines": [ 3.547333, 3.513273, 3.587857, 3.59729 ] }, { "date": "2024-08-16", "close": 3.57, "volume": 67606456, "typical_volume": 106903430.2, "trend": 3.595, "fair_value": 5.260818, "relative_strength": 3.655184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.196013, "energy": 16.336673, "activity_lines": [ 3.564, 3.524727, 3.582667, 3.594968 ] }, { "date": "2024-08-23", "close": 3.47, "volume": 45381483, "typical_volume": 107059063.7, "trend": 3.588333, "fair_value": 5.232038, "relative_strength": 2.986787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.949773, "energy": 20.230872, "activity_lines": [ 3.545333, 3.519091, 3.567714, 3.586903 ] }, { "date": "2024-08-30", "close": 3.54, "volume": 49274680, "typical_volume": 100169662.65, "trend": 3.582, "fair_value": 5.208716, "relative_strength": 3.154867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.117311, "energy": 6.946106, "activity_lines": [ 3.546667, 3.526909, 3.559952, 3.583785 ] }, { "date": "2024-09-06", "close": 3.37, "volume": 42686400, "typical_volume": 84999041.1, "trend": 3.587667, "fair_value": 5.181987, "relative_strength": 1.017697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.473974, "energy": 33.811581, "activity_lines": [ 3.482667, 3.501455, 3.53581, 3.570108 ] }, { "date": "2024-09-13", "close": 3.27, "volume": 52028004, "typical_volume": 74413241.35, "trend": 3.579333, "fair_value": 5.151538, "relative_strength": -0.036145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.997598, "energy": 58.833537, "activity_lines": [ 3.397333, 3.459455, 3.503762, 3.549613 ] }, { "date": "2024-09-20", "close": 3.31, "volume": 29160097, "typical_volume": 72139246.15, "trend": 3.572333, "fair_value": 5.123654, "relative_strength": 0.169494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.292661, "energy": 63.023554, "activity_lines": [ 3.352667, 3.428182, 3.477905, 3.532237 ] }, { "date": "2024-09-27", "close": 3.82, "volume": 112795146, "typical_volume": 70655364.75, "trend": 3.582, "fair_value": 5.097244, "relative_strength": -1.653196, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.398243, "energy": 13.030386, "activity_lines": [ 3.495333, 3.493818, 3.503143, 3.548215 ] }, { "date": "2024-10-04", "close": 4.15, "volume": 70736329, "typical_volume": 63618664.35, "trend": 3.605333, "fair_value": 5.070769, "relative_strength": -3.205064, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.345749, "energy": 41.27173, "activity_lines": [ 3.724667, 3.612182, 3.559905, 3.58486 ] }, { "date": "2024-10-11", "close": 3.85, "volume": 208159943, "typical_volume": 66520508.45, "trend": 3.614667, "fair_value": 5.039167, "relative_strength": -5.702656, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.117871, "energy": 33.711599, "activity_lines": [ 3.813333, 3.662545, 3.587238, 3.600645 ] }, { "date": "2024-10-18", "close": 3.72, "volume": 125738338, "typical_volume": 68489668.8, "trend": 3.618667, "fair_value": 5.010769, "relative_strength": -11.154265, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.191183, "energy": 33.317984, "activity_lines": [ 3.826667, 3.683818, 3.602571, 3.607441 ] }, { "date": "2024-10-25", "close": 3.86, "volume": 124579074, "typical_volume": 70904769.5, "trend": 3.63, "fair_value": 4.979167, "relative_strength": -9.708806, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.914775, "energy": 53.128318, "activity_lines": [ 3.856667, 3.729818, 3.631429, 3.623011 ] }, { "date": "2024-11-01", "close": 3.65, "volume": 183881052, "typical_volume": 77799695.75, "trend": 3.632333, "fair_value": 4.95109, "relative_strength": -12.840444, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.98663, "energy": 20.955064, "activity_lines": [ 3.78, 3.732364, 3.63919, 3.624301 ] }, { "date": "2024-11-08", "close": 3.9, "volume": 233525913, "typical_volume": 87124883.3, "trend": 3.645667, "fair_value": 4.924487, "relative_strength": -12.354226, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.033082, "energy": 21.228353, "activity_lines": [ 3.798, 3.777091, 3.670095, 3.64157 ] }, { "date": "2024-11-15", "close": 3.67, "volume": 195439650, "typical_volume": 94325366.35, "trend": 3.644333, "fair_value": 4.901667, "relative_strength": -14.005728, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.129055, "energy": 10.598469, "activity_lines": [ 3.756, 3.773455, 3.676762, 3.64314 ] }, { "date": "2024-11-22", "close": 3.17, "volume": 524338824, "typical_volume": 118095363.5, "trend": 3.624333, "fair_value": 4.874872, "relative_strength": -23.111129, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.97524, "energy": 18.729902, "activity_lines": [ 3.559333, 3.673455, 3.63481, 3.612538 ] }, { "date": "2024-11-29", "close": 3.16, "volume": 420760659, "typical_volume": 136354430.95, "trend": 3.601667, "fair_value": 4.849808, "relative_strength": -24.160399, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.289693, "energy": 35.604403, "activity_lines": [ 3.396, 3.573455, 3.593286, 3.582581 ] }, { "date": "2024-12-06", "close": 3.37, "volume": 358249697, "typical_volume": 151687076.15, "trend": 3.586, "fair_value": 4.824808, "relative_strength": -20.078309, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.142664, "energy": 39.753566, "activity_lines": [ 3.349333, 3.514364, 3.573571, 3.567634 ] }, { "date": "2024-12-13", "close": 3.35, "volume": 319833712, "typical_volume": 165205994.4, "trend": 3.565333, "fair_value": 4.800769, "relative_strength": -19.581747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.803923, "energy": 50.732132, "activity_lines": [ 3.314667, 3.459818, 3.55219, 3.552409 ] }, { "date": "2024-12-20", "close": 3.21, "volume": 232294660, "typical_volume": 174338142.8, "trend": 3.541333, "fair_value": 4.77609, "relative_strength": -22.009374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.874485, "energy": 54.389864, "activity_lines": [ 3.27, 3.394364, 3.517762, 3.529484 ] }, { "date": "2024-12-27", "close": 3.12, "volume": 180073949, "typical_volume": 178827203.3, "trend": 3.52, "fair_value": 4.75, "relative_strength": -23.817981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.382569, "energy": 53.11236, "activity_lines": [ 3.226, 3.324182, 3.476381, 3.502301 ] }, { "date": "2025-01-03", "close": 2.97, "volume": 154991281, "typical_volume": 183196444.55, "trend": 3.498, "fair_value": 4.721538, "relative_strength": -21.469165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.115873, "energy": 63.161932, "activity_lines": [ 3.135333, 3.237636, 3.423381, 3.466817 ] }, { "date": "2025-01-10", "close": 2.77, "volume": 170891881, "typical_volume": 189471964.45, "trend": 3.473333, "fair_value": 4.6925, "relative_strength": -25.45687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.200666, "energy": 80.16202, "activity_lines": [ 2.990667, 3.130909, 3.35419, 3.419849 ] }, { "date": "2025-01-17", "close": 2.9, "volume": 165854491, "typical_volume": 195300955.0, "trend": 3.456333, "fair_value": 4.663974, "relative_strength": -24.195457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.764261, "energy": 77.373392, "activity_lines": [ 2.929333, 3.063818, 3.300714, 3.38286 ] }, { "date": "2025-01-24", "close": 2.53, "volume": 151130606, "typical_volume": 200723165.3, "trend": 3.425333, "fair_value": 4.634295, "relative_strength": -34.133209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.964372, "energy": 86.981499, "activity_lines": [ 2.774667, 2.947636, 3.215048, 3.323097 ] }, { "date": "2025-01-31", "close": 2.45, "volume": 69135177, "typical_volume": 201578523.95, "trend": 3.391667, "fair_value": 4.60359, "relative_strength": -34.737351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.529461, "energy": 91.529465, "activity_lines": [ 2.638667, 2.837636, 3.125762, 3.260172 ] }, { "date": "2025-02-07", "close": 2.57, "volume": 145599902, "typical_volume": 207400514.2, "trend": 3.359333, "fair_value": 4.572692, "relative_strength": -33.727284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.041293, "energy": 85.823186, "activity_lines": [ 2.587333, 2.762545, 3.05181, 3.207161 ] }, { "date": "2025-02-14", "close": 2.55, "volume": 184417783, "typical_volume": 210981646.05, "trend": 3.330333, "fair_value": 4.542885, "relative_strength": -34.750265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.293504, "energy": 85.82292, "activity_lines": [ 2.556, 2.694545, 2.979476, 3.154946 ] }, { "date": "2025-02-21", "close": 2.36, "volume": 113448203, "typical_volume": 213117239.75, "trend": 3.295333, "fair_value": 4.511795, "relative_strength": -40.394372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.29211, "energy": 91.215881, "activity_lines": [ 2.476, 2.606909, 2.895095, 3.092344 ] }, { "date": "2025-02-28", "close": 1.98, "volume": 307918962, "typical_volume": 218105190.7, "trend": 3.243, "fair_value": 4.481538, "relative_strength": -47.676534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.580525, "energy": 94.95932, "activity_lines": [ 2.305333, 2.468182, 2.783048, 3.007484 ] }, { "date": "2025-03-07", "close": 2.04, "volume": 505386646, "typical_volume": 237087606.1, "trend": 3.188333, "fair_value": 4.449359, "relative_strength": -46.729405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.350312, "energy": 92.874644, "activity_lines": [ 2.191333, 2.362727, 2.685619, 2.929871 ] }, { "date": "2025-03-14", "close": 1.97, "volume": 331948940, "typical_volume": 247456099.4, "trend": 3.135, "fair_value": 4.417244, "relative_strength": -48.651202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.168795, "energy": 92.378518, "activity_lines": [ 2.081333, 2.264182, 2.589524, 2.851269 ] }, { "date": "2025-03-21", "close": 1.97, "volume": 377700860, "typical_volume": 257147089.8, "trend": 3.085, "fair_value": 4.384936, "relative_strength": -46.690966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.386093, "energy": 88.983169, "activity_lines": [ 2.011333, 2.183818, 2.502429, 2.776108 ] }, { "date": "2025-03-28", "close": 1.9, "volume": 196647250, "typical_volume": 255303156.65, "trend": 3.030333, "fair_value": 4.35109, "relative_strength": -47.627452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.098701, "energy": 87.366581, "activity_lines": [ 1.956667, 2.105273, 2.416667, 2.699656 ] }, { "date": "2025-04-04", "close": 1.9, "volume": 276827357, "typical_volume": 259372542.0, "trend": 2.981333, "fair_value": 4.3175, "relative_strength": -45.822565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.181133, "energy": 73.83685, "activity_lines": [ 1.932667, 2.044909, 2.340429, 2.626731 ] }, { "date": "2025-04-11", "close": 1.8, "volume": 183207003, "typical_volume": 242315950.95, "trend": 2.932333, "fair_value": 4.287179, "relative_strength": -45.290951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.168954, "energy": 70.504368, "activity_lines": [ 1.880667, 1.977818, 2.263095, 2.550516 ] }, { "date": "2025-04-18", "close": 1.79, "volume": 178759493, "typical_volume": 230215892.65, "trend": 2.881667, "fair_value": 4.257179, "relative_strength": -44.610971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.154453, "energy": 69.321756, "activity_lines": [ 1.841333, 1.920727, 2.191333, 2.476817 ] }, { "date": "2025-04-25", "close": 1.79, "volume": 113129475, "typical_volume": 217959881.55, "trend": 2.814, "fair_value": 4.228077, "relative_strength": -44.665566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.50226, "energy": 68.689826, "activity_lines": [ 1.814, 1.877818, 2.126095, 2.406387 ] }, { "date": "2025-05-02", "close": 1.76, "volume": 56146775, "typical_volume": 204775534.7, "trend": 2.734333, "fair_value": 4.199679, "relative_strength": -44.772938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.205301, "energy": 68.837691, "activity_lines": [ 1.788667, 1.843273, 2.065524, 2.338387 ] }, { "date": "2025-05-09", "close": 1.91, "volume": 178592259, "typical_volume": 202090414.65, "trend": 2.669667, "fair_value": 4.174103, "relative_strength": -40.679594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.706857, "energy": 64.648712, "activity_lines": [ 1.822667, 1.846909, 2.02681, 2.285204 ] }, { "date": "2025-05-16", "close": 1.9, "volume": 155363386, "typical_volume": 200854886.5, "trend": 2.609, "fair_value": 4.151154, "relative_strength": -40.496246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.707957, "energy": 57.453978, "activity_lines": [ 1.852667, 1.85, 1.993333, 2.235548 ] }, { "date": "2025-05-23", "close": 1.98, "volume": 312888256, "typical_volume": 208749735.25, "trend": 2.546333, "fair_value": 4.13, "relative_strength": -36.84407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.761753, "energy": 47.501546, "activity_lines": [ 1.902667, 1.870182, 1.973286, 2.194968 ] }, { "date": "2025-05-30", "close": 1.98, "volume": 141030191, "typical_volume": 207256650.75, "trend": 2.490667, "fair_value": 4.110385, "relative_strength": -35.447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.269069, "energy": 37.709072, "activity_lines": [ 1.94, 1.890182, 1.957952, 2.15843 ] }, { "date": "2025-06-06", "close": 1.97, "volume": 80662188, "typical_volume": 202997035.6, "trend": 2.426333, "fair_value": 4.087756, "relative_strength": -35.873029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.284903, "energy": 31.548276, "activity_lines": [ 1.961333, 1.908182, 1.945429, 2.124839 ] }, { "date": "2025-06-13", "close": 1.92, "volume": 142126357, "typical_volume": 202546823.15, "trend": 2.368, "fair_value": 4.064936, "relative_strength": -36.350667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.454873, "energy": 27.777761, "activity_lines": [ 1.952, 1.915818, 1.932571, 2.092172 ] }, { "date": "2025-06-20", "close": 1.89, "volume": 74764767, "typical_volume": 202828302.65, "trend": 2.325333, "fair_value": 4.042756, "relative_strength": -35.836595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.454578, "energy": 33.036357, "activity_lines": [ 1.932, 1.917636, 1.919762, 2.061333 ] }, { "date": "2025-06-27", "close": 1.92, "volume": 90980248, "typical_volume": 200097319.95, "trend": 2.284, "fair_value": 4.019808, "relative_strength": -36.30687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.550291, "energy": 31.729262, "activity_lines": [ 1.922667, 1.923273, 1.912476, 2.035183 ] }, { "date": "2025-07-04", "close": 1.93, "volume": 112092088, "typical_volume": 196481035.2, "trend": 2.236, "fair_value": 3.997179, "relative_strength": -35.858569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.658474, "energy": 31.693964, "activity_lines": [ 1.920667, 1.928364, 1.909238, 2.012344 ] }, { "date": "2025-07-11", "close": 1.94, "volume": 81414732, "typical_volume": 194879361.65, "trend": 2.189, "fair_value": 3.973782, "relative_strength": -35.7123, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -36.7297, "energy": 29.432484, "activity_lines": [ 1.925333, 1.932727, 1.909905, 1.993247 ] }, { "date": "2025-07-18", "close": 1.91, "volume": 188788657, "typical_volume": 188922846.4, "trend": 2.145667, "fair_value": 3.950513, "relative_strength": -37.072198, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -34.569385, "energy": 24.466883, "activity_lines": [ 1.922, 1.928364, 1.909714, 1.975247 ] }, { "date": "2025-07-25", "close": 1.97, "volume": 144680824, "typical_volume": 170887555.3, "trend": 2.107333, "fair_value": 3.927179, "relative_strength": -35.592378, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -18.421699, "energy": 13.358832, "activity_lines": [ 1.939333, 1.934909, 1.915571, 1.963914 ] }, { "date": "2025-08-01", "close": 1.99, "volume": 279831244, "typical_volume": 168281670.5, "trend": 2.074667, "fair_value": 3.905, "relative_strength": -32.787561, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -6.224824, "energy": 5.713642, "activity_lines": [ 1.958, 1.943818, 1.923667, 1.956344 ] }, { "date": "2025-08-08", "close": 2.37, "volume": 384420933, "typical_volume": 168617674.15, "trend": 2.061333, "fair_value": 3.885641, "relative_strength": -19.647623, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.604368, "energy": 46.780177, "activity_lines": [ 2.098667, 2.021636, 1.967857, 1.975398 ] }, { "date": "2025-08-15", "close": 2.22, "volume": 343667853, "typical_volume": 175968704.3, "trend": 2.038667, "fair_value": 3.864359, "relative_strength": -26.748322, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.653907, "energy": 62.772203, "activity_lines": [ 2.16, 2.065091, 1.995857, 1.985634 ] }, { "date": "2025-08-22", "close": 2.37, "volume": 190610744, "typical_volume": 171657873.65, "trend": 2.033333, "fair_value": 3.844423, "relative_strength": -23.926738, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.150015, "energy": 77.968761, "activity_lines": [ 2.252667, 2.131273, 2.036619, 2.007011 ] }, { "date": "2025-08-29", "close": 2.26, "volume": 168671526, "typical_volume": 170931099.8, "trend": 2.027, "fair_value": 3.825064, "relative_strength": -29.177861, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.608559, "energy": 72.348336, "activity_lines": [ 2.278, 2.169273, 2.064667, 2.021634 ] }, { "date": "2025-09-05", "close": 2.21, "volume": 122273114, "typical_volume": 168106780.85, "trend": 2.015, "fair_value": 3.805064, "relative_strength": -28.863374, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.510024, "energy": 73.71065, "activity_lines": [ 2.267333, 2.191455, 2.085762, 2.033441 ] }, { "date": "2025-09-12", "close": 2.24, "volume": 148382484, "typical_volume": 169869431.3, "trend": 2.004667, "fair_value": 3.785833, "relative_strength": -28.440955, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.66111, "energy": 57.779095, "activity_lines": [ 2.252, 2.213818, 2.107714, 2.047957 ] }, { "date": "2025-09-19", "close": 2.15, "volume": 114385837, "typical_volume": 172781384.4, "trend": 1.997667, "fair_value": 3.765897, "relative_strength": -30.737515, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.977512, "energy": 36.817501, "activity_lines": [ 2.215333, 2.214182, 2.118952, 2.057333 ] }, { "date": "2025-09-26", "close": 2.09, "volume": 106225460, "typical_volume": 169163044.45, "trend": 2.001333, "fair_value": 3.745705, "relative_strength": -32.035813, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.555618, "energy": 21.740354, "activity_lines": [ 2.163333, 2.199818, 2.122619, 2.06329 ] }, { "date": "2025-10-03", "close": 2.09, "volume": 26434050, "typical_volume": 162716577.65, "trend": 2.003, "fair_value": 3.724872, "relative_strength": -32.291003, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.777858, "energy": 21.207943, "activity_lines": [ 2.13, 2.182182, 2.125429, 2.069011 ] }, { "date": "2025-10-10", "close": 2.07, "volume": 27067950, "typical_volume": 148425562.35, "trend": 2.006333, "fair_value": 3.705449, "relative_strength": -30.751157, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.944539, "energy": 21.504247, "activity_lines": [ 2.101333, 2.158727, 2.125429, 2.073333 ] }, { "date": "2025-10-17", "close": 2.06, "volume": 85995564, "typical_volume": 145673831.0, "trend": 2.009333, "fair_value": 3.6875, "relative_strength": -26.218374, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.640383, "energy": 18.938769, "activity_lines": [ 2.078667, 2.132, 2.124048, 2.076796 ] }, { "date": "2025-10-24", "close": 2.12, "volume": 92967817, "typical_volume": 146289112.45, "trend": 2.016667, "fair_value": 3.67109, "relative_strength": -26.183269, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.199189, "energy": 13.112269, "activity_lines": [ 2.088, 2.121818, 2.128, 2.083935 ] }, { "date": "2025-10-31", "close": 2.06, "volume": 65502811, "typical_volume": 142457935.15, "trend": 2.022, "fair_value": 3.653526, "relative_strength": -27.49083, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.188942, "energy": 10.676723, "activity_lines": [ 2.079333, 2.102545, 2.125524, 2.086731 ] }, { "date": "2025-11-07", "close": 2.11, "volume": 101459637, "typical_volume": 143792678.65, "trend": 2.032333, "fair_value": 3.63641, "relative_strength": -24.562544, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.828537, "energy": 9.786482, "activity_lines": [ 2.089333, 2.098, 2.127143, 2.092409 ] }, { "date": "2025-11-14", "close": 2.23, "volume": 184655774, "typical_volume": 148476454.95, "trend": 2.047, "fair_value": 3.620256, "relative_strength": -17.830192, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.496766, "energy": 24.556087, "activity_lines": [ 2.138, 2.118, 2.139143, 2.105161 ] }, { "date": "2025-11-21", "close": 2.06, "volume": 132045709, "typical_volume": 149474136.0, "trend": 2.056, "fair_value": 3.602436, "relative_strength": -18.931721, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.051166, "energy": 10.383365, "activity_lines": [ 2.119333, 2.106727, 2.133476, 2.106 ] }, { "date": "2025-11-28", "close": 2.08, "volume": 85813430, "typical_volume": 149694070.9, "trend": 2.066667, "fair_value": 3.584038, "relative_strength": -19.910825, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.56207, "energy": 12.642336, "activity_lines": [ 2.107333, 2.102364, 2.129095, 2.107548 ] }, { "date": "2025-12-05", "close": 2.05, "volume": 61858296, "typical_volume": 143347552.85, "trend": 2.071333, "fair_value": 3.564936, "relative_strength": -20.858372, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.213583, "energy": 3.525689, "activity_lines": [ 2.088, 2.093818, 2.12119, 2.106473 ] }, { "date": "2025-12-12", "close": 2.06, "volume": 44532600, "typical_volume": 138340141.65, "trend": 2.076667, "fair_value": 3.545897, "relative_strength": -19.906037, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.975063, "energy": 24.236619, "activity_lines": [ 2.072667, 2.087818, 2.113571, 2.105742 ] }, { "date": "2025-12-19", "close": 2.15, "volume": 134515325, "typical_volume": 131074345.7, "trend": 2.082333, "fair_value": 3.526859, "relative_strength": -14.486476, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 18.985278, "energy": 12.987696, "activity_lines": [ 2.090667, 2.098727, 2.114095, 2.110473 ] }, { "date": "2025-12-26", "close": 2.21, "volume": 141694280, "typical_volume": 118938013.05, "trend": 2.09, "fair_value": 3.508077, "relative_strength": -13.970019, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.575757, "energy": 20.600861, "activity_lines": [ 2.134, 2.119091, 2.119571, 2.11871 ] }, { "date": "2026-01-02", "close": 2.2, "volume": 64415516, "typical_volume": 104975396.2, "trend": 2.097667, "fair_value": 3.48859, "relative_strength": -12.63721, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 45.294795, "energy": 33.333434, "activity_lines": [ 2.164, 2.134909, 2.124857, 2.125806 ] }, { "date": "2026-01-09", "close": 2.18, "volume": 105833510, "typical_volume": 100736534.5, "trend": 2.106333, "fair_value": 3.471026, "relative_strength": -15.965796, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.361298, "energy": 37.578462, "activity_lines": [ 2.179333, 2.145636, 2.128333, 2.131118 ] }, { "date": "2026-01-16", "close": 2.17, "volume": 101867185, "typical_volume": 97396317.45, "trend": 2.115667, "fair_value": 3.453013, "relative_strength": -16.12226, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.366401, "energy": 43.970235, "activity_lines": [ 2.182667, 2.152364, 2.131762, 2.135226 ] }, { "date": "2026-01-23", "close": 2.19, "volume": 65674125, "typical_volume": 94566368.0, "trend": 2.124667, "fair_value": 3.434231, "relative_strength": -15.433745, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.392105, "energy": 44.602379, "activity_lines": [ 2.185333, 2.161636, 2.137524, 2.140022 ] }, { "date": "2026-01-30", "close": 2.16, "volume": 73087646, "typical_volume": 90801626.1, "trend": 2.132333, "fair_value": 3.415577, "relative_strength": -14.401042, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.975923, "energy": 24.044675, "activity_lines": [ 2.175333, 2.166182, 2.140524, 2.142301 ] }, { "date": "2026-02-06", "close": 2.1, "volume": 74905152, "typical_volume": 88827591.85, "trend": 2.137667, "fair_value": 3.396154, "relative_strength": -14.13333, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.612842, "energy": 6.753942, "activity_lines": [ 2.148667, 2.158, 2.13819, 2.140215 ] }, { "date": "2026-02-13", "close": 2.28, "volume": 146555141, "typical_volume": 90844075.9, "trend": 2.15, "fair_value": 3.377692, "relative_strength": -7.286772, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.697317, "energy": 23.810975, "activity_lines": [ 2.188667, 2.182182, 2.153238, 2.149398 ] }, { "date": "2026-02-27", "close": 2.38, "volume": 254015974, "typical_volume": 102223172.1, "trend": 2.163667, "fair_value": 3.359103, "relative_strength": -5.329671, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.633267, "energy": 63.706536, "activity_lines": [ 2.255333, 2.220364, 2.176905, 2.164237 ] }, { "date": "2026-03-06", "close": 2.48, "volume": 222729351, "typical_volume": 112006242.15, "trend": 2.18, "fair_value": 3.341346, "relative_strength": 1.022586, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.999084, "energy": 81.998965, "activity_lines": [ 2.341333, 2.270909, 2.208714, 2.184645 ] }, { "date": "2026-03-13", "close": 2.76, "volume": 469419259, "typical_volume": 131177426.9, "trend": 2.193, "fair_value": 3.324679, "relative_strength": 11.513295, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.744239, "energy": 93.416644, "activity_lines": [ 2.501333, 2.366364, 2.265238, 2.222065 ] }, { "date": "2026-03-20", "close": 2.94, "volume": 414444850, "typical_volume": 147251278.55, "trend": 2.217, "fair_value": 3.308718, "relative_strength": 21.896749, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.9889, "energy": 96.275844, "activity_lines": [ 2.681333, 2.484545, 2.335571, 2.270258 ] }, { "date": "2026-03-27", "close": 2.87, "volume": 261915352, "typical_volume": 157071905.6, "trend": 2.233667, "fair_value": 3.293782, "relative_strength": 19.589083, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.67716, "energy": 92.476699, "activity_lines": [ 2.782, 2.576545, 2.395333, 2.312387 ] }, { "date": "2026-04-03", "close": 2.69, "volume": 168548852, "typical_volume": 160426366.35, "trend": 2.248, "fair_value": 3.277244, "relative_strength": 15.225413, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.7069, "energy": 86.491004, "activity_lines": [ 2.783333, 2.623273, 2.434095, 2.341828 ] }, { "date": "2026-04-10", "close": 2.64, "volume": 78290352, "typical_volume": 155108095.25, "trend": 2.262333, "fair_value": 3.260449, "relative_strength": 5.51029, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.271052, "energy": 62.186438, "activity_lines": [ 2.747333, 2.651455, 2.465333, 2.367118 ] }, { "date": "2026-04-17", "close": 2.63, "volume": 80309777, "typical_volume": 152521298.65, "trend": 2.275333, "fair_value": 3.243269, "relative_strength": 1.114249, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.30619, "energy": 50.249855, "activity_lines": [ 2.697333, 2.669636, 2.493667, 2.390839 ] }, { "date": "2026-04-24", "close": 2.76, "volume": 136559909, "typical_volume": 155058622.6, "trend": 2.295667, "fair_value": 3.227244, "relative_strength": 5.702276, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.177969, "energy": 40.099766, "activity_lines": [ 2.699333, 2.702909, 2.531667, 2.422108 ] }, { "date": "2026-05-01", "close": 2.57, "volume": 113827031, "typical_volume": 157657059.35, "trend": 2.311667, "fair_value": 3.210513, "relative_strength": -2.552626, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.482724, "energy": 29.095205, "activity_lines": [ 2.65, 2.689636, 2.548333, 2.439806 ] }, { "date": "2026-05-08", "close": 2.51, "volume": 60768022, "typical_volume": 158468830.45, "trend": 2.325667, "fair_value": 3.194551, "relative_strength": -7.449302, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.32449, "energy": 22.108599, "activity_lines": [ 2.600667, 2.660182, 2.55681, 2.452602 ] }, { "date": "2026-05-15", "close": 2.35, "volume": 89276469, "typical_volume": 156206887.65, "trend": 2.335, "fair_value": 3.177372, "relative_strength": -12.974365, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.703403, "energy": 16.275919, "activity_lines": [ 2.51, 2.599273, 2.547905, 2.454172 ] }, { "date": "2026-05-22", "close": 2.29, "volume": 97424037, "typical_volume": 153993375.5, "trend": 2.342667, "fair_value": 3.160641, "relative_strength": -15.016553, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.021185, "energy": 17.681827, "activity_lines": [ 2.418667, 2.529818, 2.532333, 2.451269 ] }, { "date": "2026-05-29", "close": 2.28, "volume": 71228381, "typical_volume": 154334018.75, "trend": 2.348, "fair_value": 3.142821, "relative_strength": -14.802285, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.631807, "energy": 29.98848, "activity_lines": [ 2.346667, 2.467091, 2.515429, 2.447226 ] }, { "date": "2026-06-05", "close": 2.15, "volume": 10672800, "typical_volume": 149575983.25, "trend": 2.351, "fair_value": 3.124872, "relative_strength": -17.771002, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.790713, "energy": 43.992474, "activity_lines": [ 2.263333, 2.392727, 2.485762, 2.434452 ] }, { "date": "2026-06-12", "close": 2.17, "volume": 10778150, "typical_volume": 145021531.5, "trend": 2.353, "fair_value": 3.107692, "relative_strength": -14.59179, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.978715, "energy": 60.242567, "activity_lines": [ 2.214667, 2.335091, 2.458143, 2.422774 ] }, { "date": "2026-06-19", "close": 2.08, "volume": 37638067, "typical_volume": 143619728.6, "trend": 2.348, "fair_value": 3.089872, "relative_strength": -23.062286, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.129, "energy": 68.073391, "activity_lines": [ 2.158667, 2.270545, 2.421952, 2.405161 ] }, { "date": "2026-06-26", "close": 1.9, "volume": 20468068, "typical_volume": 140988749.7, "trend": 2.342667, "fair_value": 3.070962, "relative_strength": -28.051718, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.4005, "energy": 79.440033, "activity_lines": [ 2.060667, 2.183455, 2.369143, 2.376258 ] }, { "date": "2026-07-03", "close": 2.07, "volume": 16562950, "typical_volume": 138071639.6, "trend": 2.342333, "fair_value": 3.053141, "relative_strength": -20.206503, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.60079, "energy": 72.116922, "activity_lines": [ 2.045333, 2.140545, 2.333762, 2.358667 ] }, { "date": "2026-07-10", "close": 2.0, "volume": 56462575, "typical_volume": 133567011.3, "trend": 2.340667, "fair_value": 3.035192, "relative_strength": -19.610883, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.356406, "energy": 79.952957, "activity_lines": [ 2.020667, 2.097455, 2.291857, 2.336581 ] }, { "date": "2026-07-17", "close": 1.89, "volume": 48923209, "typical_volume": 123312373.05, "trend": 2.335, "fair_value": 3.016218, "relative_strength": -16.18282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.769306, "energy": 83.493379, "activity_lines": [ 1.969333, 2.044727, 2.24081, 2.307505 ] }, { "date": "2026-07-24", "close": 1.9, "volume": 47740294, "typical_volume": 114562920.2, "trend": 2.326667, "fair_value": 2.997115, "relative_strength": -15.789131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.579299, "energy": 79.802822, "activity_lines": [ 1.94, 2.005091, 2.193048, 2.279441 ] }, { "date": "2026-07-31", "close": 1.99, "volume": 40424401, "typical_volume": 93113177.3, "trend": 2.319333, "fair_value": 2.97859, "relative_strength": -10.214132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.759514, "energy": 72.071411, "activity_lines": [ 1.952667, 1.99, 2.156619, 2.25772 ] }, { "date": "2026-08-07", "close": 1.89, "volume": 50887711, "typical_volume": 74935320.35, "trend": 2.309, "fair_value": 2.959231, "relative_strength": -18.618487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.775563, "energy": 74.681776, "activity_lines": [ 1.926, 1.962182, 2.114333, 2.230022 ] } ], "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." } } }