{ "ticker": { "uuid": "8ab55ef2-e3ca-40c8-8d9b-dc8dc40a1ac4", "symbol": "8933", "name": "Ideal Bike Corporation", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "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": -59.062, "architecture_energy": 45.212, "architecture_maturity": 73.009, "architecture_confidence": 91.709, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 16.01, "rotation_up": 27.68, "upward_expansion": 7.21, "deceleration": 59.86, "rotation_down": 47.18, "downward_expansion": 80.55 }, "activity_lines": [ 4.452667, 4.498182, 4.741714, 5.165849 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 4.45, "trend_reference": 5.763, "distance_from_trend": -0.227833, "trend_direction": "Weakening", "fair_value": 7.979326, "distance_from_fair_value": -0.442309, "fair_value_direction": "Weakening", "relative_strength": -47.664521, "relative_strength_direction": "Weakening", "price_momentum": -0.383657, "excess_performance": -0.825029, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.227833, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.074465, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.442309, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.092116, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.476645, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.058059, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.383657, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.417981, "read": "Supply-led" } ], "volume": { "latest": 681113, "relative_activity": 0.403229, "balance": 0.417981, "dry_up": 0.292721, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.121175, "annualized_volatility": 0.443866, "from_high_reference": -0.531085, "from_low_reference": 0.062053 }, "levels": { "trend_reference": 5.763, "fair_value_reference": 7.979326, "structural_low": 4.19, "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": 38, "median_return": 0.008922, "positive_rate": 0.526316, "directional_follow_through": 0.473684, "median_excess_return": -0.025085, "regime_survival": 0.842105, "best_return": 0.621399, "worst_return": -0.153355, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.017391, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": -0.099902, "regime_survival": 0.692308, "best_return": 0.928251, "worst_return": -0.28115, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.017849, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.206873, "regime_survival": 0.5, "best_return": 0.484305, "worst_return": -0.361022, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.063675, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.459047, "regime_survival": 0.25, "best_return": 1.077982, "worst_return": -0.365495, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-05-31", "tenure": "Established", "return": -0.110638, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-06-21", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": -0.024, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2025-02-21", "tenure": "Extended", "return": -0.027322, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": 0.007955, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-14", "end": "2025-03-21", "tenure": "New", "return": -0.014908, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.034772, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-08-29", "tenure": "Established", "return": -0.021084, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-09-19", "tenure": "New", "return": -0.046875, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2026-01-16", "tenure": "Established", "return": 0.08347, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-06", "tenure": "Developing", "return": -0.183133, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-05-01", "tenure": "Developing", "return": -0.106984, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.166667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-14", "tenure": "Developing", "return": -0.067086, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 9.97, "volume": 2301000, "typical_volume": 4723000.0, "trend": 12.767333, "fair_value": 13.084152, "relative_strength": -40.307855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.309324, "energy": 71.797205, "activity_lines": [ 10.223333, 10.596364, 11.027381, 11.666774 ] }, { "date": "2023-08-18", "close": 10.25, "volume": 3027000, "typical_volume": 4664000.0, "trend": 12.557333, "fair_value": 13.065019, "relative_strength": -37.605967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.017685, "energy": 74.554681, "activity_lines": [ 10.182, 10.480545, 10.913714, 11.504366 ] }, { "date": "2023-08-25", "close": 10.0, "volume": 1236000, "typical_volume": 4631200.0, "trend": 12.357333, "fair_value": 13.036513, "relative_strength": -39.233353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.126196, "energy": 66.222659, "activity_lines": [ 10.084, 10.343818, 10.788381, 11.339376 ] }, { "date": "2023-09-01", "close": 10.35, "volume": 2728000, "typical_volume": 4280150.0, "trend": 12.152333, "fair_value": 13.011805, "relative_strength": -37.249176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.28837, "energy": 56.677284, "activity_lines": [ 10.172667, 10.298909, 10.709, 11.209871 ] }, { "date": "2023-09-08", "close": 10.05, "volume": 1133000, "typical_volume": 3835450.0, "trend": 11.960667, "fair_value": 12.989214, "relative_strength": -37.927722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.699142, "energy": 53.694592, "activity_lines": [ 10.141333, 10.215818, 10.61319, 11.074237 ] }, { "date": "2023-09-15", "close": 10.0, "volume": 1044000, "typical_volume": 3631000.0, "trend": 11.764, "fair_value": 12.961641, "relative_strength": -38.576546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.683008, "energy": 52.187397, "activity_lines": [ 10.1, 10.147273, 10.521905, 10.947742 ] }, { "date": "2023-09-22", "close": 9.95, "volume": 2037000, "typical_volume": 3600950.0, "trend": 11.574, "fair_value": 12.934058, "relative_strength": -35.507915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.963277, "energy": 48.709242, "activity_lines": [ 10.04, 10.092364, 10.435619, 10.83071 ] }, { "date": "2023-09-29", "close": 9.98, "volume": 672000, "typical_volume": 3316850.0, "trend": 11.38, "fair_value": 12.910086, "relative_strength": -34.260687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.878133, "energy": 48.508154, "activity_lines": [ 10.01, 10.055636, 10.361476, 10.727871 ] }, { "date": "2023-10-06", "close": 10.3, "volume": 2158000, "typical_volume": 3227700.0, "trend": 11.208333, "fair_value": 12.890962, "relative_strength": -31.717853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.068858, "energy": 40.428981, "activity_lines": [ 10.088, 10.096545, 10.326238, 10.658194 ] }, { "date": "2023-10-13", "close": 10.15, "volume": 839000, "typical_volume": 3084350.0, "trend": 11.105, "fair_value": 12.87616, "relative_strength": -32.516634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.878682, "energy": 33.026744, "activity_lines": [ 10.119333, 10.105636, 10.281714, 10.589914 ] }, { "date": "2023-10-20", "close": 9.85, "volume": 1439000, "typical_volume": 3006300.0, "trend": 10.991667, "fair_value": 12.858502, "relative_strength": -31.625745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.922032, "energy": 42.785177, "activity_lines": [ 10.044, 10.060182, 10.213857, 10.508946 ] }, { "date": "2023-10-27", "close": 9.91, "volume": 590000, "typical_volume": 2831950.0, "trend": 10.895333, "fair_value": 12.84185, "relative_strength": -28.292672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.256434, "energy": 43.637868, "activity_lines": [ 9.998667, 10.027818, 10.158857, 10.439161 ] }, { "date": "2023-11-03", "close": 9.74, "volume": 1058000, "typical_volume": 2681500.0, "trend": 10.798333, "fair_value": 12.82877, "relative_strength": -29.638714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.228912, "energy": 65.31654, "activity_lines": [ 9.899333, 9.970727, 10.095714, 10.364624 ] }, { "date": "2023-11-10", "close": 9.8, "volume": 660000, "typical_volume": 2603200.0, "trend": 10.695, "fair_value": 12.812035, "relative_strength": -28.145731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.001838, "energy": 68.13491, "activity_lines": [ 9.836, 9.929273, 10.046905, 10.300215 ] }, { "date": "2023-11-17", "close": 9.79, "volume": 1154000, "typical_volume": 2498600.0, "trend": 10.621333, "fair_value": 12.794614, "relative_strength": -29.137227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.877937, "energy": 66.552254, "activity_lines": [ 9.802667, 9.896, 10.004048, 10.241828 ] }, { "date": "2023-11-24", "close": 9.78, "volume": 1254000, "typical_volume": 2367150.0, "trend": 10.545667, "fair_value": 12.777129, "relative_strength": -28.372392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.699956, "energy": 59.551028, "activity_lines": [ 9.79, 9.865636, 9.967667, 10.187548 ] }, { "date": "2023-12-01", "close": 9.86, "volume": 1298000, "typical_volume": 2159300.0, "trend": 10.477667, "fair_value": 12.763264, "relative_strength": -27.29827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.486709, "energy": 49.311221, "activity_lines": [ 9.808667, 9.853818, 9.945905, 10.143312 ] }, { "date": "2023-12-08", "close": 9.77, "volume": 1134000, "typical_volume": 1564600.0, "trend": 10.411667, "fair_value": 12.749133, "relative_strength": -26.549362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.655397, "energy": 47.393671, "activity_lines": [ 9.800667, 9.827273, 9.919333, 10.097656 ] }, { "date": "2023-12-15", "close": 9.96, "volume": 4383000, "typical_volume": 1595400.0, "trend": 10.365333, "fair_value": 12.735599, "relative_strength": -25.125333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.406059, "energy": 30.48105, "activity_lines": [ 9.854, 9.839091, 9.916952, 10.068516 ] }, { "date": "2023-12-22", "close": 10.05, "volume": 1619000, "typical_volume": 1588200.0, "trend": 10.325333, "fair_value": 12.722331, "relative_strength": -23.081988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.960207, "energy": 20.019608, "activity_lines": [ 9.926667, 9.873455, 9.923571, 10.048172 ] }, { "date": "2023-12-29", "close": 9.99, "volume": 1107000, "typical_volume": 1528500.0, "trend": 10.28, "fair_value": 12.711164, "relative_strength": -23.896014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.656071, "energy": 16.995185, "activity_lines": [ 9.962, 9.898727, 9.924952, 10.026538 ] }, { "date": "2024-01-05", "close": 9.94, "volume": 724000, "typical_volume": 1413350.0, "trend": 10.224667, "fair_value": 12.70092, "relative_strength": -21.257059, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.365321, "energy": 17.675272, "activity_lines": [ 9.966667, 9.912364, 9.921476, 10.004602 ] }, { "date": "2024-01-12", "close": 9.77, "volume": 886000, "typical_volume": 1395850.0, "trend": 10.165333, "fair_value": 12.690207, "relative_strength": -21.396351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.666648, "energy": 18.540203, "activity_lines": [ 9.909333, 9.894545, 9.903286, 9.975269 ] }, { "date": "2024-01-19", "close": 9.7, "volume": 1035831, "typical_volume": 1311241.55, "trend": 10.113667, "fair_value": 12.679046, "relative_strength": -21.496233, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.569159, "energy": 32.84735, "activity_lines": [ 9.828667, 9.863455, 9.879524, 9.945247 ] }, { "date": "2024-01-26", "close": 9.79, "volume": 844000, "typical_volume": 1296791.55, "trend": 10.061667, "fair_value": 12.673435, "relative_strength": -21.001641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.33561, "energy": 32.923972, "activity_lines": [ 9.795333, 9.850545, 9.867429, 9.924366 ] }, { "date": "2024-02-02", "close": 9.73, "volume": 620000, "typical_volume": 1275591.55, "trend": 10.011, "fair_value": 12.672721, "relative_strength": -20.618036, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.500164, "energy": 46.617136, "activity_lines": [ 9.759333, 9.826727, 9.850857, 9.902968 ] }, { "date": "2024-02-09", "close": 9.7, "volume": 183000, "typical_volume": 1182891.55, "trend": 9.979333, "fair_value": 12.66964, "relative_strength": -19.937234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.926935, "energy": 51.211865, "activity_lines": [ 9.730667, 9.798364, 9.832714, 9.882903 ] }, { "date": "2024-02-16", "close": 9.96, "volume": 721000, "typical_volume": 1185341.55, "trend": 9.943, "fair_value": 12.670711, "relative_strength": -18.903902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.708963, "energy": 22.075689, "activity_lines": [ 9.804667, 9.820182, 9.840524, 9.881656 ] }, { "date": "2024-02-23", "close": 9.93, "volume": 1371000, "typical_volume": 1145991.55, "trend": 9.939, "fair_value": 12.66724, "relative_strength": -19.216419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.474347, "energy": 11.725151, "activity_lines": [ 9.856, 9.833091, 9.845571, 9.880817 ] }, { "date": "2024-03-01", "close": 9.86, "volume": 969000, "typical_volume": 1152491.55, "trend": 9.929333, "fair_value": 12.664563, "relative_strength": -18.804373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.782628, "energy": 13.876806, "activity_lines": [ 9.868667, 9.833818, 9.845714, 9.87572 ] }, { "date": "2024-03-08", "close": 11.75, "volume": 16903000, "typical_volume": 1925691.55, "trend": 9.988667, "fair_value": 12.664989, "relative_strength": -6.266673, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.990246, "energy": 80.460144, "activity_lines": [ 10.506667, 10.181636, 10.027238, 9.993183 ] }, { "date": "2024-03-15", "close": 10.15, "volume": 11989000, "typical_volume": 2495641.55, "trend": 9.985333, "fair_value": 12.654848, "relative_strength": -17.754233, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.065877, "energy": 64.731378, "activity_lines": [ 10.476667, 10.206545, 10.047333, 10.003591 ] }, { "date": "2024-03-22", "close": 10.3, "volume": 1136000, "typical_volume": 2499541.55, "trend": 9.995333, "fair_value": 12.642561, "relative_strength": -17.977729, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.782719, "energy": 63.798041, "activity_lines": [ 10.466667, 10.254909, 10.080571, 10.023892 ] }, { "date": "2024-03-29", "close": 10.75, "volume": 2595000, "typical_volume": 2596291.55, "trend": 10.008667, "fair_value": 12.635023, "relative_strength": -13.934326, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.950121, "energy": 70.24078, "activity_lines": [ 10.584, 10.375455, 10.154, 10.072581 ] }, { "date": "2024-04-05", "close": 10.4, "volume": 1632000, "typical_volume": 2620191.55, "trend": 10.020333, "fair_value": 12.625863, "relative_strength": -16.160182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.249769, "energy": 32.092417, "activity_lines": [ 10.53, 10.413273, 10.189571, 10.097828 ] }, { "date": "2024-04-12", "close": 10.6, "volume": 3322000, "typical_volume": 2723591.55, "trend": 10.040333, "fair_value": 12.613013, "relative_strength": -15.395324, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.886413, "energy": 33.071787, "activity_lines": [ 10.506667, 10.476364, 10.241286, 10.135226 ] }, { "date": "2024-04-19", "close": 10.25, "volume": 2329000, "typical_volume": 2775141.55, "trend": 10.050333, "fair_value": 12.585128, "relative_strength": -12.441255, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.623994, "energy": 24.675217, "activity_lines": [ 10.443333, 10.46, 10.255762, 10.148753 ] }, { "date": "2024-04-26", "close": 10.4, "volume": 1810000, "typical_volume": 2808941.55, "trend": 10.064333, "fair_value": 12.551795, "relative_strength": -13.064422, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.769426, "energy": 19.162067, "activity_lines": [ 10.423333, 10.460909, 10.282667, 10.171312 ] }, { "date": "2024-05-03", "close": 10.6, "volume": 2650000, "typical_volume": 2722291.55, "trend": 10.074333, "fair_value": 12.52391, "relative_strength": -11.620504, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.555836, "energy": 22.038936, "activity_lines": [ 10.463333, 10.490182, 10.325619, 10.205871 ] }, { "date": "2024-05-10", "close": 10.5, "volume": 1524000, "typical_volume": 2717541.55, "trend": 10.086, "fair_value": 12.495705, "relative_strength": -13.345669, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.583026, "energy": 18.950019, "activity_lines": [ 10.48, 10.489091, 10.356, 10.233333 ] }, { "date": "2024-05-17", "close": 10.55, "volume": 1809000, "typical_volume": 2752641.55, "trend": 10.109333, "fair_value": 12.478077, "relative_strength": -14.607565, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.334826, "energy": 24.421345, "activity_lines": [ 10.506667, 10.485455, 10.389, 10.263269 ] }, { "date": "2024-05-24", "close": 10.344822, "volume": 2400850, "typical_volume": 2836484.05, "trend": 10.123827, "fair_value": 12.467787, "relative_strength": -16.904587, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.891391, "energy": 21.315976, "activity_lines": [ 10.468274, 10.466331, 10.399793, 10.278462 ] }, { "date": "2024-05-31", "close": 10.45, "volume": 2685405, "typical_volume": 2926454.3, "trend": 10.147494, "fair_value": 12.455287, "relative_strength": -13.9767, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.549128, "energy": 15.986629, "activity_lines": [ 10.458619, 10.462789, 10.418674, 10.299505 ] }, { "date": "2024-06-07", "close": 10.0, "volume": 5480000, "typical_volume": 3148662.75, "trend": 10.154161, "fair_value": 12.436057, "relative_strength": -19.639535, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.44487, "energy": 6.928313, "activity_lines": [ 10.295631, 10.374701, 10.391461, 10.289989 ] }, { "date": "2024-06-14", "close": 9.91, "volume": 2183000, "typical_volume": 3215612.75, "trend": 10.158161, "fair_value": 12.422018, "relative_strength": -22.050397, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.097842, "energy": 24.357717, "activity_lines": [ 10.142643, 10.283886, 10.354247, 10.274237 ] }, { "date": "2024-06-21", "close": 10.0, "volume": 2222000, "typical_volume": 3295712.75, "trend": 10.165494, "fair_value": 12.410159, "relative_strength": -23.290185, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.466204, "energy": 34.962527, "activity_lines": [ 10.058988, 10.218344, 10.325034, 10.264033 ] }, { "date": "2024-06-28", "close": 10.0, "volume": 1336000, "typical_volume": 3353362.75, "trend": 10.170161, "fair_value": 12.399903, "relative_strength": -21.919402, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.367728, "energy": 42.476924, "activity_lines": [ 10.012, 10.163711, 10.294535, 10.253356 ] }, { "date": "2024-07-05", "close": 9.82, "volume": 5408000, "typical_volume": 3587712.75, "trend": 10.171827, "fair_value": 12.383364, "relative_strength": -24.355992, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.290079, "energy": 47.654019, "activity_lines": [ 9.928, 10.080896, 10.245464, 10.230765 ] }, { "date": "2024-07-12", "close": 10.1, "volume": 3428000, "typical_volume": 3690562.75, "trend": 10.176494, "fair_value": 12.365416, "relative_strength": -22.849306, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.879983, "energy": 32.829016, "activity_lines": [ 9.979333, 10.059536, 10.223727, 10.226131 ] }, { "date": "2024-07-19", "close": 9.99, "volume": 1686000, "typical_volume": 3726412.75, "trend": 10.174494, "fair_value": 12.351249, "relative_strength": -19.594809, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.858671, "energy": 24.230043, "activity_lines": [ 9.987333, 10.027266, 10.190704, 10.214099 ] }, { "date": "2024-07-26", "close": 9.69, "volume": 1197000, "typical_volume": 2941112.75, "trend": 10.164494, "fair_value": 12.337082, "relative_strength": -18.954296, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.837766, "energy": 38.215814, "activity_lines": [ 9.89, 9.949724, 10.128491, 10.182841 ] }, { "date": "2024-08-02", "close": 9.76, "volume": 1556000, "typical_volume": 2419462.75, "trend": 10.158494, "fair_value": 12.322082, "relative_strength": -16.101425, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.415455, "energy": 44.971797, "activity_lines": [ 9.836667, 9.900545, 10.082753, 10.156745 ] }, { "date": "2024-08-09", "close": 9.15, "volume": 2854000, "typical_volume": 2505362.75, "trend": 10.137827, "fair_value": 12.303172, "relative_strength": -20.228068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.775233, "energy": 72.603614, "activity_lines": [ 9.596, 9.751091, 9.980778, 10.091681 ] }, { "date": "2024-08-16", "close": 9.2, "volume": 1177000, "typical_volume": 2434462.75, "trend": 10.121161, "fair_value": 12.285544, "relative_strength": -22.353217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.772381, "energy": 79.430795, "activity_lines": [ 9.416667, 9.634364, 9.889041, 10.031176 ] }, { "date": "2024-08-23", "close": 9.06, "volume": 937000, "typical_volume": 2399712.75, "trend": 10.096827, "fair_value": 12.268621, "relative_strength": -22.317176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.148751, "energy": 83.886136, "activity_lines": [ 9.250667, 9.506727, 9.791351, 9.962714 ] }, { "date": "2024-08-30", "close": 9.13, "volume": 893000, "typical_volume": 2278262.75, "trend": 10.076827, "fair_value": 12.258236, "relative_strength": -21.496305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.260406, "energy": 82.824244, "activity_lines": [ 9.17, 9.407273, 9.706709, 9.900338 ] }, { "date": "2024-09-06", "close": 8.99, "volume": 1544000, "typical_volume": 2239012.75, "trend": 10.053161, "fair_value": 12.245672, "relative_strength": -19.140016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.21916, "energy": 86.297287, "activity_lines": [ 9.08, 9.298182, 9.615734, 9.83022 ] }, { "date": "2024-09-13", "close": 8.94, "volume": 1020000, "typical_volume": 2199512.75, "trend": 10.019161, "fair_value": 12.230544, "relative_strength": -20.256163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.641488, "energy": 82.930539, "activity_lines": [ 9.024667, 9.198364, 9.525997, 9.758403 ] }, { "date": "2024-09-20", "close": 9.21, "volume": 1676000, "typical_volume": 2150812.75, "trend": 9.995161, "fair_value": 12.21971, "relative_strength": -18.744076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.623786, "energy": 56.803612, "activity_lines": [ 9.073333, 9.163636, 9.468926, 9.706199 ] }, { "date": "2024-09-27", "close": 9.25, "volume": 916000, "typical_volume": 2120412.75, "trend": 9.974827, "fair_value": 12.208172, "relative_strength": -20.147892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.088707, "energy": 49.441895, "activity_lines": [ 9.134667, 9.152364, 9.422284, 9.658124 ] }, { "date": "2024-10-04", "close": 9.19, "volume": 394000, "typical_volume": 2049662.75, "trend": 9.889494, "fair_value": 12.19721, "relative_strength": -18.160321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.550652, "energy": 40.613667, "activity_lines": [ 9.163333, 9.143636, 9.37588, 9.60749 ] }, { "date": "2024-10-11", "close": 9.0, "volume": 1150000, "typical_volume": 1987120.25, "trend": 9.851161, "fair_value": 12.187595, "relative_strength": -21.311784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.549196, "energy": 40.828279, "activity_lines": [ 9.124667, 9.109455, 9.317857, 9.550104 ] }, { "date": "2024-10-18", "close": 8.85, "volume": 1074000, "typical_volume": 1906550.0, "trend": 9.802827, "fair_value": 12.176057, "relative_strength": -23.901091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.462589, "energy": 50.24296, "activity_lines": [ 9.035333, 9.061818, 9.251952, 9.485513 ] }, { "date": "2024-10-25", "close": 8.86, "volume": 1987000, "typical_volume": 1731900.0, "trend": 9.739827, "fair_value": 12.164582, "relative_strength": -22.657007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.940571, "energy": 53.273128, "activity_lines": [ 8.955333, 9.021455, 9.194619, 9.424685 ] }, { "date": "2024-11-01", "close": 8.65, "volume": 953000, "typical_volume": 1670400.0, "trend": 9.681494, "fair_value": 12.149839, "relative_strength": -21.962913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.875706, "energy": 71.030935, "activity_lines": [ 8.828667, 8.949091, 9.122714, 9.354374 ] }, { "date": "2024-11-08", "close": 8.82, "volume": 1161000, "typical_volume": 1617350.0, "trend": 9.622161, "fair_value": 12.135864, "relative_strength": -22.3901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.553663, "energy": 78.714555, "activity_lines": [ 8.798667, 8.915091, 9.073, 9.298793 ] }, { "date": "2024-11-15", "close": 8.62, "volume": 850000, "typical_volume": 1593050.0, "trend": 9.567827, "fair_value": 12.119646, "relative_strength": -20.845758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.055304, "energy": 79.79922, "activity_lines": [ 8.726667, 8.850364, 9.009857, 9.234138 ] }, { "date": "2024-11-22", "close": 8.58, "volume": 767385, "typical_volume": 1361019.25, "trend": 9.507161, "fair_value": 12.102851, "relative_strength": -21.163629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.893989, "energy": 79.928233, "activity_lines": [ 8.666667, 8.785091, 8.949476, 9.170407 ] }, { "date": "2024-11-29", "close": 8.5, "volume": 838000, "typical_volume": 1231519.25, "trend": 9.437161, "fair_value": 12.082018, "relative_strength": -19.045482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.436746, "energy": 74.955402, "activity_lines": [ 8.598, 8.711818, 8.887381, 9.105429 ] }, { "date": "2024-12-06", "close": 8.54, "volume": 599000, "typical_volume": 1177169.25, "trend": 9.371827, "fair_value": 12.064967, "relative_strength": -21.306744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.293421, "energy": 61.580738, "activity_lines": [ 8.566667, 8.658727, 8.836714, 9.047548 ] }, { "date": "2024-12-13", "close": 8.4, "volume": 746000, "typical_volume": 1154619.25, "trend": 9.300161, "fair_value": 12.046377, "relative_strength": -21.373874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.443849, "energy": 63.385445, "activity_lines": [ 8.496, 8.593091, 8.779619, 8.984849 ] }, { "date": "2024-12-20", "close": 7.8, "volume": 1238000, "typical_volume": 1138719.25, "trend": 9.215333, "fair_value": 12.017851, "relative_strength": -24.633634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.602928, "energy": 88.585313, "activity_lines": [ 8.253333, 8.432727, 8.671524, 8.888065 ] }, { "date": "2024-12-27", "close": 8.6, "volume": 1152000, "typical_volume": 1053619.25, "trend": 9.153667, "fair_value": 11.995416, "relative_strength": -19.000623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.070387, "energy": 54.894018, "activity_lines": [ 8.332, 8.439636, 8.648952, 8.848366 ] }, { "date": "2025-01-03", "close": 8.19, "volume": 687000, "typical_volume": 1029119.25, "trend": 9.093333, "fair_value": 11.963941, "relative_strength": -20.925546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.911138, "energy": 54.73629, "activity_lines": [ 8.272667, 8.376545, 8.589952, 8.786194 ] }, { "date": "2025-01-10", "close": 7.98, "volume": 793000, "typical_volume": 1021919.25, "trend": 9.029, "fair_value": 11.929839, "relative_strength": -22.604894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.516733, "energy": 58.392098, "activity_lines": [ 8.164, 8.287455, 8.515762, 8.714366 ] }, { "date": "2025-01-17", "close": 8.17, "volume": 484000, "typical_volume": 1001469.25, "trend": 8.968, "fair_value": 11.898236, "relative_strength": -20.561379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.520763, "energy": 45.84426, "activity_lines": [ 8.156, 8.245091, 8.46481, 8.658946 ] }, { "date": "2025-01-24", "close": 8.08, "volume": 254000, "typical_volume": 936969.25, "trend": 8.904, "fair_value": 11.870223, "relative_strength": -22.019557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.198719, "energy": 49.767138, "activity_lines": [ 8.133333, 8.198182, 8.409857, 8.601656 ] }, { "date": "2025-02-07", "close": 8.38, "volume": 487195, "typical_volume": 910329.0, "trend": 8.856, "fair_value": 11.847018, "relative_strength": -18.313314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.63083, "energy": 41.658266, "activity_lines": [ 8.192, 8.215636, 8.38781, 8.567849 ] }, { "date": "2025-02-14", "close": 8.89, "volume": 1655046, "typical_volume": 909281.3, "trend": 8.815667, "fair_value": 11.828685, "relative_strength": -11.530962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.753245, "energy": 12.510565, "activity_lines": [ 8.435333, 8.329455, 8.417, 8.570043 ] }, { "date": "2025-02-21", "close": 8.9, "volume": 614195, "typical_volume": 894191.05, "trend": 8.779333, "fair_value": 11.805928, "relative_strength": -12.969515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.667333, "energy": 17.041273, "activity_lines": [ 8.635333, 8.438, 8.448667, 8.575484 ] }, { "date": "2025-02-28", "close": 8.8, "volume": 446156, "typical_volume": 896798.85, "trend": 8.749667, "fair_value": 11.780287, "relative_strength": -10.847242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.497611, "energy": 21.856986, "activity_lines": [ 8.740667, 8.521818, 8.472476, 8.576817 ] }, { "date": "2025-03-07", "close": 8.87, "volume": 726320, "typical_volume": 875614.85, "trend": 8.72, "fair_value": 11.756698, "relative_strength": -7.709197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.829254, "energy": 31.913624, "activity_lines": [ 8.827333, 8.611091, 8.50481, 8.584581 ] }, { "date": "2025-03-14", "close": 8.72, "volume": 777775, "typical_volume": 860803.6, "trend": 8.705667, "fair_value": 11.730544, "relative_strength": -5.921811, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.302121, "energy": 27.545695, "activity_lines": [ 8.811333, 8.653636, 8.523476, 8.584581 ] }, { "date": "2025-03-21", "close": 8.59, "volume": 649791, "typical_volume": 793943.15, "trend": 8.685333, "fair_value": 11.707403, "relative_strength": -7.788433, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.269401, "energy": 15.815422, "activity_lines": [ 8.729333, 8.670364, 8.530381, 8.577118 ] }, { "date": "2025-03-28", "close": 8.34, "volume": 536875, "typical_volume": 773136.9, "trend": 8.661333, "fair_value": 11.68298, "relative_strength": -7.43732, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.247378, "energy": 13.940777, "activity_lines": [ 8.584, 8.634364, 8.514762, 8.554839 ] }, { "date": "2025-04-04", "close": 8.05, "volume": 695900, "typical_volume": 749881.9, "trend": 8.625333, "fair_value": 11.656698, "relative_strength": -8.739381, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.704722, "energy": 33.892417, "activity_lines": [ 8.379333, 8.539091, 8.473, 8.515398 ] }, { "date": "2025-04-11", "close": 6.64, "volume": 2165589, "typical_volume": 815661.35, "trend": 8.547, "fair_value": 11.617531, "relative_strength": -17.245162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.737436, "energy": 80.459266, "activity_lines": [ 7.754667, 8.189636, 8.300619, 8.387312 ] }, { "date": "2025-04-18", "close": 7.0, "volume": 662155, "typical_volume": 810399.85, "trend": 8.482333, "fair_value": 11.580992, "relative_strength": -11.534708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.937293, "energy": 87.272895, "activity_lines": [ 7.398667, 7.931818, 8.171952, 8.287505 ] }, { "date": "2025-04-25", "close": 6.88, "volume": 549285, "typical_volume": 795964.1, "trend": 8.404667, "fair_value": 11.544646, "relative_strength": -14.42043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.291734, "energy": 88.012805, "activity_lines": [ 7.117333, 7.677273, 8.039381, 8.184129 ] }, { "date": "2025-05-02", "close": 6.91, "volume": 377026, "typical_volume": 784865.4, "trend": 8.326667, "fair_value": 11.510416, "relative_strength": -17.103268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.13368, "energy": 87.252295, "activity_lines": [ 6.96, 7.464727, 7.917381, 8.087699 ] }, { "date": "2025-05-09", "close": 6.94, "volume": 470551, "typical_volume": 771092.95, "trend": 8.251667, "fair_value": 11.478941, "relative_strength": -16.491293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.954934, "energy": 82.601868, "activity_lines": [ 6.908, 7.293818, 7.806, 7.998237 ] }, { "date": "2025-05-16", "close": 6.9, "volume": 507970, "typical_volume": 734591.45, "trend": 8.181667, "fair_value": 11.44721, "relative_strength": -19.760072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.252422, "energy": 71.485529, "activity_lines": [ 6.916667, 7.149455, 7.697762, 7.911032 ] }, { "date": "2025-05-23", "close": 6.76, "volume": 300678, "typical_volume": 692025.35, "trend": 8.112, "fair_value": 11.416185, "relative_strength": -19.973479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.309106, "energy": 60.868074, "activity_lines": [ 6.861333, 7.015455, 7.580476, 7.819312 ] }, { "date": "2025-05-30", "close": 6.59, "volume": 325546, "typical_volume": 673952.65, "trend": 8.036333, "fair_value": 11.381505, "relative_strength": -20.198951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.320261, "energy": 61.086358, "activity_lines": [ 6.765333, 6.886182, 7.455762, 7.721118 ] }, { "date": "2025-06-06", "close": 6.75, "volume": 299952, "typical_volume": 649300.25, "trend": 7.973, "fair_value": 11.349133, "relative_strength": -18.708849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.170642, "energy": 55.725341, "activity_lines": [ 6.742, 6.822364, 7.353905, 7.638129 ] }, { "date": "2025-06-13", "close": 6.53, "volume": 448412, "typical_volume": 647520.85, "trend": 7.896667, "fair_value": 11.315351, "relative_strength": -22.196299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.227024, "energy": 57.896461, "activity_lines": [ 6.656, 6.747455, 7.236952, 7.545032 ] }, { "date": "2025-06-20", "close": 6.22, "volume": 520824, "typical_volume": 660862.05, "trend": 7.816667, "fair_value": 11.274454, "relative_strength": -25.199895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.470046, "energy": 62.570557, "activity_lines": [ 6.494, 6.643818, 7.098286, 7.43686 ] }, { "date": "2025-06-27", "close": 6.1, "volume": 623000, "typical_volume": 667652.3, "trend": 7.734, "fair_value": 11.235351, "relative_strength": -27.79026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.137423, "energy": 66.307127, "activity_lines": [ 6.337333, 6.526, 6.957048, 7.326108 ] }, { "date": "2025-07-04", "close": 6.02, "volume": 465604, "typical_volume": 608180.2, "trend": 7.651333, "fair_value": 11.195736, "relative_strength": -28.015694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.8314, "energy": 77.556453, "activity_lines": [ 6.198, 6.41, 6.819048, 7.215527 ] }, { "date": "2025-07-11", "close": 5.97, "volume": 394546, "typical_volume": 597197.75, "trend": 7.565667, "fair_value": 11.163172, "relative_strength": -28.681019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.965301, "energy": 90.297628, "activity_lines": [ 6.08, 6.300545, 6.689952, 7.107054 ] }, { "date": "2025-07-18", "close": 6.08, "volume": 398955, "typical_volume": 594837.7, "trend": 7.488333, "fair_value": 11.12939, "relative_strength": -28.725843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.869925, "energy": 87.119321, "activity_lines": [ 6.050667, 6.228182, 6.585286, 7.011204 ] }, { "date": "2025-07-25", "close": 6.46, "volume": 1476750, "typical_volume": 632359.2, "trend": 7.443667, "fair_value": 11.099326, "relative_strength": -23.56438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.999887, "energy": 78.86459, "activity_lines": [ 6.178, 6.240545, 6.529762, 6.94486 ] }, { "date": "2025-08-01", "close": 6.41, "volume": 560305, "typical_volume": 621485.7, "trend": 7.370667, "fair_value": 11.067659, "relative_strength": -23.715189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.865918, "energy": 48.524297, "activity_lines": [ 6.272667, 6.251818, 6.480952, 6.878172 ] }, { "date": "2025-08-08", "close": 6.74, "volume": 1122028, "typical_volume": 645097.55, "trend": 7.322333, "fair_value": 11.03939, "relative_strength": -21.025551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.302176, "energy": 27.250735, "activity_lines": [ 6.456667, 6.329455, 6.474571, 6.837484 ] }, { "date": "2025-08-15", "close": 6.78, "volume": 847063, "typical_volume": 660606.95, "trend": 7.282333, "fair_value": 11.011057, "relative_strength": -20.947935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.32234, "energy": 27.6737, "activity_lines": [ 6.606, 6.411636, 6.48081, 6.802495 ] }, { "date": "2025-08-22", "close": 6.77, "volume": 1212602, "typical_volume": 686442.05, "trend": 7.235667, "fair_value": 10.976569, "relative_strength": -18.608228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.486747, "energy": 24.004346, "activity_lines": [ 6.698, 6.491455, 6.493524, 6.769441 ] }, { "date": "2025-08-29", "close": 6.5, "volume": 785347, "typical_volume": 617429.95, "trend": 7.183, "fair_value": 10.935864, "relative_strength": -22.768653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.204849, "energy": 18.704453, "activity_lines": [ 6.654, 6.517818, 6.486619, 6.721978 ] }, { "date": "2025-09-05", "close": 6.4, "volume": 432375, "typical_volume": 605940.95, "trend": 7.117, "fair_value": 10.877531, "relative_strength": -24.143922, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.100983, "energy": 14.823098, "activity_lines": [ 6.574, 6.520909, 6.470857, 6.671462 ] }, { "date": "2025-09-12", "close": 6.09, "volume": 724631, "typical_volume": 614708.25, "trend": 7.023667, "fair_value": 10.790287, "relative_strength": -29.889252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.742531, "energy": 31.06249, "activity_lines": [ 6.391333, 6.462182, 6.428429, 6.605204 ] }, { "date": "2025-09-19", "close": 6.1, "volume": 703294, "typical_volume": 631021.65, "trend": 6.930333, "fair_value": 10.703108, "relative_strength": -29.372311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.596752, "energy": 43.158585, "activity_lines": [ 6.255333, 6.404, 6.390714, 6.545613 ] }, { "date": "2025-09-26", "close": 6.11, "volume": 704200, "typical_volume": 642704.1, "trend": 6.840667, "fair_value": 10.597082, "relative_strength": -28.542527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.343796, "energy": 56.652444, "activity_lines": [ 6.168, 6.345273, 6.35781, 6.492688 ] }, { "date": "2025-10-03", "close": 6.05, "volume": 378178, "typical_volume": 636214.5, "trend": 6.746667, "fair_value": 10.507018, "relative_strength": -31.661455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.043536, "energy": 62.103035, "activity_lines": [ 6.104667, 6.275091, 6.323143, 6.441677 ] }, { "date": "2025-10-10", "close": 6.03, "volume": 401078, "typical_volume": 641234.5, "trend": 6.657, "fair_value": 10.423877, "relative_strength": -32.486329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.660866, "energy": 58.652856, "activity_lines": [ 6.064667, 6.208727, 6.290619, 6.395441 ] }, { "date": "2025-10-17", "close": 6.24, "volume": 844453, "typical_volume": 667179.85, "trend": 6.578667, "fair_value": 10.333749, "relative_strength": -29.45435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.379795, "energy": 36.491698, "activity_lines": [ 6.119333, 6.187455, 6.281571, 6.368538 ] }, { "date": "2025-10-24", "close": 6.17, "volume": 329692, "typical_volume": 668666.85, "trend": 6.506333, "fair_value": 10.23548, "relative_strength": -30.195459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.252592, "energy": 33.395323, "activity_lines": [ 6.140667, 6.162545, 6.267524, 6.342172 ] }, { "date": "2025-10-31", "close": 6.03, "volume": 607025, "typical_volume": 676597.5, "trend": 6.439, "fair_value": 10.139518, "relative_strength": -32.80569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.350634, "energy": 34.524545, "activity_lines": [ 6.110667, 6.123273, 6.242905, 6.311441 ] }, { "date": "2025-11-07", "close": 6.04, "volume": 607777, "typical_volume": 680945.15, "trend": 6.419, "fair_value": 10.053236, "relative_strength": -30.600562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.179493, "energy": 33.958855, "activity_lines": [ 6.089333, 6.099273, 6.221619, 6.285699 ] }, { "date": "2025-11-14", "close": 6.0, "volume": 1049320, "typical_volume": 702261.15, "trend": 6.385667, "fair_value": 9.951313, "relative_strength": -29.754015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.953012, "energy": 45.238123, "activity_lines": [ 6.055333, 6.076364, 6.197381, 6.258667 ] }, { "date": "2025-11-21", "close": 5.73, "volume": 1005101, "typical_volume": 729236.0, "trend": 6.347333, "fair_value": 9.868172, "relative_strength": -29.769411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.135549, "energy": 70.711866, "activity_lines": [ 5.933333, 6.011636, 6.147905, 6.216366 ] }, { "date": "2025-11-28", "close": 5.81, "volume": 841147, "typical_volume": 751566.05, "trend": 6.310667, "fair_value": 9.790031, "relative_strength": -31.155478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.517161, "energy": 69.736258, "activity_lines": [ 5.872, 5.968, 6.107429, 6.181699 ] }, { "date": "2025-12-05", "close": 5.68, "volume": 2307373, "typical_volume": 846986.95, "trend": 6.268667, "fair_value": 9.7133, "relative_strength": -32.791828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.737695, "energy": 76.124928, "activity_lines": [ 5.791333, 5.906, 6.055333, 6.141011 ] }, { "date": "2025-12-12", "close": 5.89, "volume": 1558275, "typical_volume": 851063.2, "trend": 6.235, "fair_value": 9.63439, "relative_strength": -30.134919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.166397, "energy": 67.709493, "activity_lines": [ 5.804, 5.89, 6.025143, 6.116581 ] }, { "date": "2025-12-19", "close": 6.04, "volume": 1077861, "typical_volume": 876941.0, "trend": 6.211, "fair_value": 9.558685, "relative_strength": -26.362581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.232045, "energy": 38.537408, "activity_lines": [ 5.876667, 5.904182, 6.011952, 6.104 ] }, { "date": "2025-12-26", "close": 6.01, "volume": 496365, "typical_volume": 845657.85, "trend": 6.191667, "fair_value": 9.494967, "relative_strength": -28.300749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.160218, "energy": 26.011685, "activity_lines": [ 5.936667, 5.912727, 5.997667, 6.091032 ] }, { "date": "2026-01-02", "close": 6.02, "volume": 873538, "typical_volume": 846981.6, "trend": 6.167333, "fair_value": 9.432916, "relative_strength": -29.363177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.637124, "energy": 19.051047, "activity_lines": [ 5.981333, 5.927273, 5.98781, 6.079957 ] }, { "date": "2026-01-09", "close": 6.0, "volume": 1297534, "typical_volume": 851228.2, "trend": 6.149667, "fair_value": 9.365608, "relative_strength": -31.052823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.474961, "energy": 18.155314, "activity_lines": [ 6.005333, 5.940909, 5.979667, 6.069161 ] }, { "date": "2026-01-16", "close": 6.62, "volume": 2782291, "typical_volume": 951075.4, "trend": 6.163, "fair_value": 9.304839, "relative_strength": -25.966312, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.024669, "energy": 29.336087, "activity_lines": [ 6.214667, 6.067818, 6.034238, 6.099505 ] }, { "date": "2026-01-23", "close": 8.3, "volume": 30593229, "typical_volume": 2459118.1, "trend": 6.236333, "fair_value": 9.251954, "relative_strength": -8.205509, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.57807, "energy": 82.411935, "activity_lines": [ 6.935333, 6.489636, 6.248238, 6.237376 ] }, { "date": "2026-01-30", "close": 7.25, "volume": 5225886, "typical_volume": 2684180.85, "trend": 6.277333, "fair_value": 9.195864, "relative_strength": -19.43105, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.725556, "energy": 77.77466, "activity_lines": [ 7.155333, 6.678727, 6.35319, 6.302774 ] }, { "date": "2026-02-06", "close": 7.22, "volume": 2568112, "typical_volume": 2777421.75, "trend": 6.319, "fair_value": 9.136377, "relative_strength": -18.329302, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.162077, "energy": 77.598218, "activity_lines": [ 7.282667, 6.834727, 6.449762, 6.363591 ] }, { "date": "2026-02-13", "close": 6.88, "volume": 1997234, "typical_volume": 2842073.45, "trend": 6.345667, "fair_value": 9.079198, "relative_strength": -25.47294, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.807815, "energy": 71.692031, "activity_lines": [ 7.216667, 6.903273, 6.508619, 6.399785 ] }, { "date": "2026-02-27", "close": 6.86, "volume": 1845114, "typical_volume": 2915420.25, "trend": 6.359, "fair_value": 9.021249, "relative_strength": -28.578252, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.593406, "energy": 40.633483, "activity_lines": [ 7.085333, 6.946364, 6.561905, 6.432968 ] }, { "date": "2026-03-06", "close": 6.78, "volume": 1865332, "typical_volume": 2988632.95, "trend": 6.371333, "fair_value": 8.96439, "relative_strength": -24.636617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.322144, "energy": 26.175533, "activity_lines": [ 6.911333, 6.957273, 6.603714, 6.460129 ] }, { "date": "2026-03-13", "close": 6.73, "volume": 1848615, "typical_volume": 3038841.05, "trend": 6.371, "fair_value": 8.906249, "relative_strength": -23.697284, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.702955, "energy": 18.885496, "activity_lines": [ 6.822, 6.945636, 6.63719, 6.483269 ] }, { "date": "2026-03-20", "close": 6.85, "volume": 2340279, "typical_volume": 3139370.4, "trend": 6.373333, "fair_value": 8.851121, "relative_strength": -21.568326, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.210339, "energy": 17.969842, "activity_lines": [ 6.807333, 6.942727, 6.679762, 6.514172 ] }, { "date": "2026-03-27", "close": 6.53, "volume": 1424229, "typical_volume": 3180230.6, "trend": 6.365333, "fair_value": 8.808044, "relative_strength": -23.18286, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.298503, "energy": 17.424645, "activity_lines": [ 6.710667, 6.866545, 6.688619, 6.52428 ] }, { "date": "2026-04-03", "close": 6.78, "volume": 3869188, "typical_volume": 3343301.15, "trend": 6.374667, "fair_value": 8.766569, "relative_strength": -17.82412, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.702376, "energy": 14.768989, "activity_lines": [ 6.720667, 6.826182, 6.718905, 6.551032 ] }, { "date": "2026-04-10", "close": 6.6, "volume": 1548135, "typical_volume": 3368241.9, "trend": 6.381333, "fair_value": 8.726826, "relative_strength": -25.346304, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.761582, "energy": 13.512919, "activity_lines": [ 6.676, 6.750182, 6.728524, 6.56557 ] }, { "date": "2026-04-17", "close": 6.55, "volume": 1485429, "typical_volume": 3392258.3, "trend": 6.396667, "fair_value": 8.687723, "relative_strength": -27.801618, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.47123, "energy": 10.066149, "activity_lines": [ 6.626667, 6.696, 6.730524, 6.576452 ] }, { "date": "2026-04-24", "close": 6.13, "volume": 2325153, "typical_volume": 3466458.6, "trend": 6.397667, "fair_value": 8.644326, "relative_strength": -35.094192, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.010178, "energy": 8.119725, "activity_lines": [ 6.449333, 6.578182, 6.688619, 6.559247 ] }, { "date": "2026-05-01", "close": 6.01, "volume": 1010093, "typical_volume": 3401594.6, "trend": 6.394333, "fair_value": 8.605928, "relative_strength": -35.372653, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.91821, "energy": 38.663016, "activity_lines": [ 6.28, 6.458364, 6.633762, 6.534237 ] }, { "date": "2026-05-08", "close": 5.88, "volume": 1874972, "typical_volume": 3417429.45, "trend": 6.388667, "fair_value": 8.566377, "relative_strength": -39.915368, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.836974, "energy": 55.226801, "activity_lines": [ 6.102, 6.330727, 6.564952, 6.501054 ] }, { "date": "2026-05-15", "close": 5.54, "volume": 2393207, "typical_volume": 3483196.75, "trend": 6.372333, "fair_value": 8.525608, "relative_strength": -41.858577, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.574826, "energy": 67.474867, "activity_lines": [ 5.870667, 6.159091, 6.46381, 6.446301 ] }, { "date": "2026-05-22", "close": 4.4, "volume": 6936462, "typical_volume": 3805201.6, "trend": 6.311, "fair_value": 8.478492, "relative_strength": -54.213883, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -68.7785, "energy": 84.866799, "activity_lines": [ 5.33, 5.802727, 6.256476, 6.319054 ] }, { "date": "2026-05-29", "close": 4.9, "volume": 2339577, "typical_volume": 3878503.55, "trend": 6.268667, "fair_value": 8.437146, "relative_strength": -50.980303, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.744281, "energy": 89.59824, "activity_lines": [ 5.099333, 5.579636, 6.104429, 6.228022 ] }, { "date": "2026-06-05", "close": 4.77, "volume": 1334497, "typical_volume": 3880351.7, "trend": 6.226667, "fair_value": 8.395608, "relative_strength": -51.797113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.162552, "energy": 89.816175, "activity_lines": [ 4.907333, 5.368364, 5.945333, 6.131333 ] }, { "date": "2026-06-12", "close": 4.46, "volume": 972435, "typical_volume": 3789858.9, "trend": 6.174, "fair_value": 8.351441, "relative_strength": -53.144995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.71032, "energy": 91.641551, "activity_lines": [ 4.694667, 5.132727, 5.762571, 6.017355 ] }, { "date": "2026-06-19", "close": 4.8, "volume": 1728940, "typical_volume": 2346644.45, "trend": 6.134, "fair_value": 8.307851, "relative_strength": -51.227065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.961016, "energy": 76.576696, "activity_lines": [ 4.69, 5.001091, 5.622476, 5.92871 ] }, { "date": "2026-06-26", "close": 4.51, "volume": 981812, "typical_volume": 2134440.75, "trend": 6.093333, "fair_value": 8.262723, "relative_strength": -51.429021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.442991, "energy": 70.222314, "activity_lines": [ 4.638, 4.849455, 5.471429, 5.823935 ] }, { "date": "2026-07-03", "close": 4.68, "volume": 688476, "typical_volume": 2040458.95, "trend": 6.055667, "fair_value": 8.220608, "relative_strength": -51.21191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.85879, "energy": 63.020075, "activity_lines": [ 4.635333, 4.765818, 5.349619, 5.732753 ] }, { "date": "2026-07-10", "close": 4.55, "volume": 411614, "typical_volume": 1961177.95, "trend": 6.018, "fair_value": 8.177018, "relative_strength": -50.298893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.277357, "energy": 60.022247, "activity_lines": [ 4.604, 4.684909, 5.227524, 5.635613 ] }, { "date": "2026-07-17", "close": 4.45, "volume": 1905128, "typical_volume": 1964178.65, "trend": 5.97, "fair_value": 8.133428, "relative_strength": -47.544283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.775526, "energy": 57.719901, "activity_lines": [ 4.554, 4.612364, 5.107, 5.534452 ] }, { "date": "2026-07-24", "close": 4.63, "volume": 552894, "typical_volume": 1898556.75, "trend": 5.923, "fair_value": 8.094839, "relative_strength": -45.845655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.162465, "energy": 51.25719, "activity_lines": [ 4.564667, 4.598545, 5.015095, 5.448 ] }, { "date": "2026-07-31", "close": 4.29, "volume": 371430, "typical_volume": 1824697.5, "trend": 5.865667, "fair_value": 8.051505, "relative_strength": -48.301229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.675341, "energy": 54.32639, "activity_lines": [ 4.473333, 4.539455, 4.901048, 5.342645 ] }, { "date": "2026-08-07", "close": 4.49, "volume": 372356, "typical_volume": 1726301.35, "trend": 5.814667, "fair_value": 8.015864, "relative_strength": -46.321732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.908424, "energy": 47.838376, "activity_lines": [ 4.463333, 4.518727, 4.817667, 5.253892 ] }, { "date": "2026-08-14", "close": 4.45, "volume": 681113, "typical_volume": 1689145.55, "trend": 5.763, "fair_value": 7.979326, "relative_strength": -47.664521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.061788, "energy": 45.212078, "activity_lines": [ 4.452667, 4.498182, 4.741714, 5.165849 ] } ], "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." } } }