{ "ticker": { "uuid": "8ec9b6bd-1e5e-4a84-a6de-897e60ffba7b", "symbol": "COSMO", "name": "Farmacosmo S.p.A.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 93.674, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -17.932, "architecture_energy": 9.811, "architecture_maturity": 17.371, "architecture_confidence": 57.331, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 60.7, "rotation_up": 20.34, "upward_expansion": 21.55, "deceleration": 58.82, "rotation_down": 29.61, "downward_expansion": 50.88 }, "activity_lines": [ 0.478067, 0.482236, 0.463852, 0.467759 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 0.486, "trend_reference": 0.487467, "distance_from_trend": -0.003009, "trend_direction": "Improving", "fair_value": 0.652282, "distance_from_fair_value": -0.254924, "fair_value_direction": "Improving", "relative_strength": -13.19819, "relative_strength_direction": "Improving", "price_momentum": -0.164948, "excess_performance": -0.33584, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.003009, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.019734, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.254924, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.115539, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.131982, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.115745, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.164948, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.90106, "read": "Demand-led" } ], "volume": { "latest": 76022, "relative_activity": 0.748802, "balance": 1.90106, "dry_up": 0.77432, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.109528, "annualized_volatility": 0.6118, "from_high_reference": -0.339674, "from_low_reference": 0.296 }, "levels": { "trend_reference": 0.487467, "fair_value_reference": 0.652282, "structural_low": 0.375, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.071809, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.087815, "regime_survival": 0.666667, "best_return": -0.051576, "worst_return": -0.108761, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.24734, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.274773, "regime_survival": 0.0, "best_return": -0.24734, "worst_return": -0.24734, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.308511, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.435759, "regime_survival": 0.0, "best_return": -0.308511, "worst_return": -0.308511, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.303191, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.512764, "regime_survival": 0.0, "best_return": -0.303191, "worst_return": -0.303191, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-29", "end": "2024-06-14", "tenure": "Developing", "return": -0.175365, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-21", "end": "2024-07-05", "tenure": "New", "return": -0.020513, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2025-01-10", "tenure": "Extended", "return": 0.038043, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": -0.106329, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-05-02", "tenure": "Developing", "return": -0.162234, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-09", "end": "2025-06-13", "tenure": "Developing", "return": -0.071661, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2026-01-02", "tenure": "Extended", "return": -0.125899, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-02-06", "tenure": "Developing", "return": -0.04902, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": -0.047273, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-04-17", "tenure": "Developing", "return": -0.130769, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-24", "end": "2026-05-22", "tenure": "Developing", "return": -0.119469, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.061576, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": -0.159498, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.031847, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.82, "volume": 110867, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 0.85, "volume": 146392, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 0.896, "volume": 190703, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 0.864, "volume": 61915, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 0.824, "volume": 64846, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 0.848, "volume": 73859, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 0.772, "volume": 169873, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 0.78, "volume": 211250, "typical_volume": 354435.45, "trend": 1.010967, "fair_value": 1.645049, "relative_strength": -46.254763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.578122, "energy": 39.616153, "activity_lines": [ 0.802933, 0.826036, 0.85881, 0.894716 ] }, { "date": "2023-10-13", "close": 0.76, "volume": 126278, "typical_volume": 351524.6, "trend": 0.979967, "fair_value": 1.634123, "relative_strength": -47.26353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.680647, "energy": 48.622402, "activity_lines": [ 0.783733, 0.810618, 0.849629, 0.878525 ] }, { "date": "2023-10-20", "close": 0.676, "volume": 102656, "typical_volume": 317602.55, "trend": 0.949367, "fair_value": 1.622438, "relative_strength": -50.602132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.343278, "energy": 74.767547, "activity_lines": [ 0.743467, 0.783927, 0.832381, 0.858914 ] }, { "date": "2023-10-27", "close": 0.716, "volume": 184468, "typical_volume": 300737.95, "trend": 0.918567, "fair_value": 1.611517, "relative_strength": -46.583459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.709846, "energy": 71.478128, "activity_lines": [ 0.7264, 0.767018, 0.819381, 0.843858 ] }, { "date": "2023-11-03", "close": 0.74, "volume": 103820, "typical_volume": 265580.65, "trend": 0.893233, "fair_value": 1.601142, "relative_strength": -46.516288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.414688, "energy": 64.365897, "activity_lines": [ 0.726133, 0.756364, 0.809229, 0.832338 ] }, { "date": "2023-11-10", "close": 0.634, "volume": 612427, "typical_volume": 278698.4, "trend": 0.867533, "fair_value": 1.589764, "relative_strength": -53.071992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.498378, "energy": 76.255678, "activity_lines": [ 0.692667, 0.728436, 0.789267, 0.815613 ] }, { "date": "2023-11-17", "close": 0.666, "volume": 215853, "typical_volume": 272369.0, "trend": 0.847067, "fair_value": 1.579023, "relative_strength": -51.239734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.387762, "energy": 61.578138, "activity_lines": [ 0.6796, 0.711091, 0.773048, 0.802611 ] }, { "date": "2023-11-24", "close": 0.668, "volume": 65673, "typical_volume": 272480.55, "trend": 0.826, "fair_value": 1.568551, "relative_strength": -49.798598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.792887, "energy": 55.004364, "activity_lines": [ 0.673467, 0.697709, 0.757705, 0.791058 ] }, { "date": "2023-12-01", "close": 0.642, "volume": 167201, "typical_volume": 261628.55, "trend": 0.811067, "fair_value": 1.558022, "relative_strength": -51.537599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.090413, "energy": 66.925842, "activity_lines": [ 0.6592, 0.682436, 0.740562, 0.779187 ] }, { "date": "2023-12-08", "close": 0.654, "volume": 149133, "typical_volume": 216276.1, "trend": 0.801867, "fair_value": 1.547865, "relative_strength": -50.340183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.492613, "energy": 51.560479, "activity_lines": [ 0.653867, 0.673091, 0.726981, 0.769054 ] }, { "date": "2023-12-15", "close": 0.68, "volume": 339113, "typical_volume": 187120.95, "trend": 0.7988, "fair_value": 1.538222, "relative_strength": -47.117959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.042182, "energy": 44.320743, "activity_lines": [ 0.662933, 0.670618, 0.717505, 0.761191 ] }, { "date": "2023-12-22", "close": 0.674, "volume": 133010, "typical_volume": 188441.35, "trend": 0.7964, "fair_value": 1.528725, "relative_strength": -46.308519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.123889, "energy": 40.238906, "activity_lines": [ 0.666933, 0.668873, 0.708914, 0.75314 ] }, { "date": "2023-12-29", "close": 0.686, "volume": 193646, "typical_volume": 171149.15, "trend": 0.793667, "fair_value": 1.519565, "relative_strength": -43.791686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.843359, "energy": 30.472922, "activity_lines": [ 0.6744, 0.670873, 0.702924, 0.746017 ] }, { "date": "2024-01-05", "close": 0.874, "volume": 1856867, "typical_volume": 258449.15, "trend": 0.795, "fair_value": 1.512623, "relative_strength": -26.75076, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.106239, "energy": 12.95569, "activity_lines": [ 0.743333, 0.706873, 0.715448, 0.7512 ] }, { "date": "2024-01-12", "close": 0.978, "volume": 1693487, "typical_volume": 335803.9, "trend": 0.800933, "fair_value": 1.506936, "relative_strength": -16.285807, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.170087, "energy": 43.144732, "activity_lines": [ 0.831467, 0.758909, 0.737619, 0.763006 ] }, { "date": "2024-01-19", "close": 1.015, "volume": 1190076, "typical_volume": 385772.55, "trend": 0.808767, "fair_value": 1.501757, "relative_strength": -10.534728, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.95073, "energy": 70.510835, "activity_lines": [ 0.910333, 0.813345, 0.762705, 0.776817 ] }, { "date": "2024-01-26", "close": 1.0, "volume": 637294, "typical_volume": 414541.5, "trend": 0.8151, "fair_value": 1.496531, "relative_strength": -10.161616, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.999002, "energy": 74.728503, "activity_lines": [ 0.961867, 0.858127, 0.785795, 0.789155 ] }, { "date": "2024-02-02", "close": 1.01, "volume": 319588, "typical_volume": 427278.6, "trend": 0.821767, "fair_value": 1.491515, "relative_strength": -8.366153, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.793965, "energy": 78.739253, "activity_lines": [ 0.995, 0.898655, 0.80919, 0.801729 ] }, { "date": "2024-02-09", "close": 0.996, "volume": 351774, "typical_volume": 441174.35, "trend": 0.816633, "fair_value": 1.486459, "relative_strength": -9.196385, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.603036, "energy": 77.120366, "activity_lines": [ 1.001867, 0.930418, 0.830367, 0.81297 ] }, { "date": "2024-02-16", "close": 1.01, "volume": 288961, "typical_volume": 447128.75, "trend": 0.8171, "fair_value": 1.481646, "relative_strength": -7.85996, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.817133, "energy": 76.890177, "activity_lines": [ 1.005267, 0.958291, 0.852171, 0.825445 ] }, { "date": "2024-02-23", "close": 1.03, "volume": 366438, "typical_volume": 454888.15, "trend": 0.818567, "fair_value": 1.477129, "relative_strength": -6.918769, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.905721, "energy": 60.655025, "activity_lines": [ 1.0132, 0.983327, 0.874748, 0.839181 ] }, { "date": "2024-03-01", "close": 1.06, "volume": 485729, "typical_volume": 472860.7, "trend": 0.821233, "fair_value": 1.473, "relative_strength": -3.115462, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.978722, "energy": 59.079048, "activity_lines": [ 1.030133, 1.007455, 0.89899, 0.854757 ] }, { "date": "2024-03-08", "close": 1.0, "volume": 310214, "typical_volume": 483238.6, "trend": 0.827433, "fair_value": 1.468362, "relative_strength": -8.283358, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.889627, "energy": 51.263998, "activity_lines": [ 1.023067, 1.013655, 0.91609, 0.86629 ] }, { "date": "2024-03-15", "close": 0.97, "volume": 211698, "typical_volume": 484600.1, "trend": 0.832433, "fair_value": 1.463524, "relative_strength": -10.450379, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.316096, "energy": 41.601426, "activity_lines": [ 1.006667, 1.008691, 0.92879, 0.875488 ] }, { "date": "2024-03-22", "close": 0.96, "volume": 91761, "typical_volume": 483997.15, "trend": 0.8361, "fair_value": 1.458682, "relative_strength": -10.605644, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.648653, "energy": 33.713479, "activity_lines": [ 0.988667, 1.000164, 0.939329, 0.883718 ] }, { "date": "2024-03-29", "close": 0.958, "volume": 110795, "typical_volume": 458915.55, "trend": 0.838167, "fair_value": 1.453914, "relative_strength": -10.012388, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.562724, "energy": 23.780761, "activity_lines": [ 0.973333, 0.9916, 0.948629, 0.891583 ] }, { "date": "2024-04-05", "close": 0.926, "volume": 49706, "typical_volume": 450608.2, "trend": 0.840233, "fair_value": 1.448933, "relative_strength": -9.544526, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.142695, "energy": 23.316165, "activity_lines": [ 0.952133, 0.978255, 0.953338, 0.897249 ] }, { "date": "2024-04-12", "close": 0.878, "volume": 80063, "typical_volume": 451327.7, "trend": 0.842033, "fair_value": 1.443598, "relative_strength": -12.237492, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.733431, "energy": 20.717091, "activity_lines": [ 0.923867, 0.957527, 0.952238, 0.899686 ] }, { "date": "2024-04-19", "close": 0.918, "volume": 68899, "typical_volume": 446412.6, "trend": 0.844367, "fair_value": 1.438731, "relative_strength": -7.521956, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.305369, "energy": 18.268428, "activity_lines": [ 0.917067, 0.946473, 0.953948, 0.904587 ] }, { "date": "2024-04-26", "close": 0.92, "volume": 66873, "typical_volume": 442299.6, "trend": 0.8493, "fair_value": 1.433972, "relative_strength": -6.914241, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.171025, "energy": 17.485376, "activity_lines": [ 0.9144, 0.9372, 0.954533, 0.909467 ] }, { "date": "2024-05-03", "close": 0.83, "volume": 97040, "typical_volume": 430195.95, "trend": 0.850967, "fair_value": 1.428481, "relative_strength": -13.595916, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.07693, "energy": 21.987176, "activity_lines": [ 0.8844, 0.9132, 0.945281, 0.908222 ] }, { "date": "2024-05-10", "close": 0.85, "volume": 158749, "typical_volume": 431482.9, "trend": 0.853967, "fair_value": 1.42327, "relative_strength": -13.586987, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.590295, "energy": 24.080031, "activity_lines": [ 0.8696, 0.896473, 0.937219, 0.908159 ] }, { "date": "2024-05-17", "close": 0.89, "volume": 345277, "typical_volume": 439064.45, "trend": 0.8611, "fair_value": 1.418508, "relative_strength": -11.242011, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.208452, "energy": 22.256834, "activity_lines": [ 0.8732, 0.890836, 0.932129, 0.910484 ] }, { "date": "2024-05-24", "close": 0.89, "volume": 105810, "typical_volume": 351511.6, "trend": 0.8669, "fair_value": 1.413831, "relative_strength": -8.773932, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.444502, "energy": 20.027702, "activity_lines": [ 0.876, 0.8872, 0.926067, 0.912348 ] }, { "date": "2024-05-31", "close": 0.86, "volume": 130663, "typical_volume": 273370.4, "trend": 0.8709, "fair_value": 1.408973, "relative_strength": -11.6449, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.84517, "energy": 20.185146, "activity_lines": [ 0.870667, 0.879564, 0.917071, 0.911903 ] }, { "date": "2024-06-07", "close": 0.83, "volume": 86960, "typical_volume": 218214.6, "trend": 0.877433, "fair_value": 1.403939, "relative_strength": -14.747775, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.75304, "energy": 27.30696, "activity_lines": [ 0.859333, 0.868291, 0.905781, 0.909265 ] }, { "date": "2024-06-14", "close": 0.79, "volume": 89768, "typical_volume": 190838.3, "trend": 0.881567, "fair_value": 1.398646, "relative_strength": -13.632763, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.781145, "energy": 50.754102, "activity_lines": [ 0.834667, 0.852073, 0.891562, 0.903624 ] }, { "date": "2024-06-21", "close": 0.78, "volume": 138064, "typical_volume": 181762.1, "trend": 0.8853, "fair_value": 1.393359, "relative_strength": -16.072185, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.720191, "energy": 63.334294, "activity_lines": [ 0.810667, 0.836509, 0.87739, 0.897071 ] }, { "date": "2024-06-28", "close": 0.8, "volume": 57750, "typical_volume": 167060.9, "trend": 0.890567, "fair_value": 1.38833, "relative_strength": -13.244967, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.887373, "energy": 62.526309, "activity_lines": [ 0.800667, 0.826364, 0.866219, 0.891568 ] }, { "date": "2024-07-05", "close": 0.764, "volume": 116245, "typical_volume": 158425.1, "trend": 0.894233, "fair_value": 1.383084, "relative_strength": -18.806877, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.661493, "energy": 78.028549, "activity_lines": [ 0.784667, 0.811818, 0.852552, 0.883402 ] }, { "date": "2024-07-12", "close": 0.736, "volume": 140436, "typical_volume": 147125.0, "trend": 0.8961, "fair_value": 1.377691, "relative_strength": -22.104539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.985809, "energy": 79.072102, "activity_lines": [ 0.765733, 0.795018, 0.83739, 0.873194 ] }, { "date": "2024-07-19", "close": 0.74, "volume": 149044, "typical_volume": 130290.75, "trend": 0.8983, "fair_value": 1.372421, "relative_strength": -20.121028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.467916, "energy": 73.357836, "activity_lines": [ 0.7544, 0.780655, 0.82401, 0.863123 ] }, { "date": "2024-07-26", "close": 0.746, "volume": 78855, "typical_volume": 118722.8, "trend": 0.9003, "fair_value": 1.367286, "relative_strength": -17.848302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.668767, "energy": 66.245448, "activity_lines": [ 0.7484, 0.769382, 0.812724, 0.853297 ] }, { "date": "2024-08-02", "close": 0.708, "volume": 57947, "typical_volume": 111035.25, "trend": 0.894767, "fair_value": 1.361926, "relative_strength": -16.943149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.052254, "energy": 72.764397, "activity_lines": [ 0.732, 0.753818, 0.799029, 0.84089 ] }, { "date": "2024-08-09", "close": 0.72, "volume": 51517, "typical_volume": 109023.05, "trend": 0.886167, "fair_value": 1.35675, "relative_strength": -14.526806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.586905, "energy": 64.00871, "activity_lines": [ 0.725733, 0.743745, 0.787724, 0.829615 ] }, { "date": "2024-08-16", "close": 0.702, "volume": 22670, "typical_volume": 104616.8, "trend": 0.875733, "fair_value": 1.351512, "relative_strength": -19.353994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.147877, "energy": 69.722352, "activity_lines": [ 0.7164, 0.732945, 0.775848, 0.817733 ] }, { "date": "2024-08-23", "close": 0.708, "volume": 39151, "typical_volume": 104089.05, "trend": 0.866, "fair_value": 1.346404, "relative_strength": -19.60308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.693529, "energy": 64.370591, "activity_lines": [ 0.711333, 0.725564, 0.765762, 0.806912 ] }, { "date": "2024-08-30", "close": 0.708, "volume": 125550, "typical_volume": 106363.4, "trend": 0.855933, "fair_value": 1.341378, "relative_strength": -20.671785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.883734, "energy": 53.856161, "activity_lines": [ 0.7084, 0.719673, 0.756714, 0.796718 ] }, { "date": "2024-09-06", "close": 0.708, "volume": 25677, "typical_volume": 104202.3, "trend": 0.846333, "fair_value": 1.336429, "relative_strength": -17.523252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.423833, "energy": 50.510443, "activity_lines": [ 0.708, 0.715091, 0.748476, 0.787174 ] }, { "date": "2024-09-13", "close": 0.702, "volume": 22155, "typical_volume": 101966.4, "trend": 0.836067, "fair_value": 1.331511, "relative_strength": -18.434451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.214897, "energy": 48.79671, "activity_lines": [ 0.7056, 0.711091, 0.740667, 0.777862 ] }, { "date": "2024-09-20", "close": 0.702, "volume": 22895, "typical_volume": 98259.15, "trend": 0.825133, "fair_value": 1.326669, "relative_strength": -18.359207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.344884, "energy": 45.382959, "activity_lines": [ 0.7044, 0.708218, 0.733895, 0.769213 ] }, { "date": "2024-09-27", "close": 0.69, "volume": 23861, "typical_volume": 91514.75, "trend": 0.8128, "fair_value": 1.321809, "relative_strength": -21.542407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.067692, "energy": 45.51962, "activity_lines": [ 0.6992, 0.703782, 0.72659, 0.760495 ] }, { "date": "2024-10-04", "close": 0.608, "volume": 296161, "typical_volume": 89058.95, "trend": 0.799733, "fair_value": 1.316401, "relative_strength": -27.990765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.577262, "energy": 58.493534, "activity_lines": [ 0.667867, 0.685345, 0.712238, 0.747282 ] }, { "date": "2024-10-11", "close": 0.644, "volume": 62764, "typical_volume": 86906.65, "trend": 0.788867, "fair_value": 1.311345, "relative_strength": -24.846109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.76443, "energy": 61.739226, "activity_lines": [ 0.6552, 0.675964, 0.702657, 0.737234 ] }, { "date": "2024-10-18", "close": 0.694, "volume": 127039, "typical_volume": 86725.45, "trend": 0.78, "fair_value": 1.306738, "relative_strength": -20.767663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.153207, "energy": 51.066734, "activity_lines": [ 0.663467, 0.676836, 0.69901, 0.731114 ] }, { "date": "2024-10-25", "close": 0.62, "volume": 123817, "typical_volume": 88568.3, "trend": 0.768733, "fair_value": 1.301651, "relative_strength": -27.876017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.168721, "energy": 64.253368, "activity_lines": [ 0.6476, 0.664727, 0.689105, 0.720791 ] }, { "date": "2024-11-01", "close": 0.632, "volume": 61916, "typical_volume": 87175.7, "trend": 0.758933, "fair_value": 1.296728, "relative_strength": -25.830636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.000967, "energy": 50.544156, "activity_lines": [ 0.6412, 0.656291, 0.681343, 0.71197 ] }, { "date": "2024-11-08", "close": 0.6, "volume": 150616, "typical_volume": 87803.3, "trend": 0.749667, "fair_value": 1.291642, "relative_strength": -27.542265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.91183, "energy": 53.50156, "activity_lines": [ 0.628, 0.643418, 0.671286, 0.701716 ] }, { "date": "2024-11-15", "close": 0.47, "volume": 476320, "typical_volume": 108731.8, "trend": 0.734733, "fair_value": 1.285688, "relative_strength": -43.471851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.498193, "energy": 84.164569, "activity_lines": [ 0.572, 0.608873, 0.649705, 0.683673 ] }, { "date": "2024-11-22", "close": 0.43, "volume": 500480, "typical_volume": 127943.55, "trend": 0.7184, "fair_value": 1.279532, "relative_strength": -46.791725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.996796, "energy": 90.303831, "activity_lines": [ 0.514267, 0.571382, 0.625886, 0.664013 ] }, { "date": "2024-11-29", "close": 0.49, "volume": 316393, "typical_volume": 136741.4, "trend": 0.707067, "fair_value": 1.273893, "relative_strength": -38.89156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.879816, "energy": 85.00399, "activity_lines": [ 0.494133, 0.549745, 0.609371, 0.649277 ] }, { "date": "2024-12-06", "close": 0.622, "volume": 482960, "typical_volume": 153437.2, "trend": 0.699467, "fair_value": 1.269269, "relative_strength": -25.193254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.445988, "energy": 55.880696, "activity_lines": [ 0.526667, 0.555964, 0.6066, 0.643789 ] }, { "date": "2024-12-13", "close": 0.668, "volume": 423029, "typical_volume": 170645.9, "trend": 0.692067, "fair_value": 1.265035, "relative_strength": -19.772009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.525112, "energy": 29.936601, "activity_lines": [ 0.5752, 0.571782, 0.608771, 0.641759 ] }, { "date": "2024-12-20", "close": 0.6, "volume": 390089, "typical_volume": 187253.0, "trend": 0.6824, "fair_value": 1.260384, "relative_strength": -25.275188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.579338, "energy": 20.821625, "activity_lines": [ 0.596533, 0.574145, 0.604838, 0.635819 ] }, { "date": "2024-12-27", "close": 0.846, "volume": 333834, "typical_volume": 201368.85, "trend": 0.681933, "fair_value": 1.257507, "relative_strength": 3.961791, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.734486, "energy": 31.280036, "activity_lines": [ 0.6912, 0.622036, 0.624848, 0.646374 ] }, { "date": "2025-01-03", "close": 0.662, "volume": 823190, "typical_volume": 241394.85, "trend": 0.676333, "fair_value": 1.2534, "relative_strength": -17.953726, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 12.236032, "energy": 23.383282, "activity_lines": [ 0.6968, 0.633709, 0.626733, 0.645088 ] }, { "date": "2025-01-10", "close": 0.764, "volume": 522292, "typical_volume": 265551.9, "trend": 0.675467, "fair_value": 1.250048, "relative_strength": -7.128177, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.885188, "energy": 28.058195, "activity_lines": [ 0.724933, 0.663164, 0.638524, 0.650744 ] }, { "date": "2025-01-17", "close": 0.79, "volume": 981639, "typical_volume": 308356.35, "trend": 0.6758, "fair_value": 1.246918, "relative_strength": -6.183794, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.763653, "energy": 35.598542, "activity_lines": [ 0.752267, 0.694945, 0.652524, 0.658133 ] }, { "date": "2025-01-24", "close": 0.776, "volume": 205503, "typical_volume": 317347.65, "trend": 0.675, "fair_value": 1.243736, "relative_strength": -6.789385, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.60684, "energy": 34.300146, "activity_lines": [ 0.7668, 0.720727, 0.6648, 0.664598 ] }, { "date": "2025-01-31", "close": 0.78, "volume": 162230, "typical_volume": 324351.4, "trend": 0.675533, "fair_value": 1.240624, "relative_strength": -6.102621, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.550754, "energy": 37.782297, "activity_lines": [ 0.770933, 0.741673, 0.677133, 0.671372 ] }, { "date": "2025-02-07", "close": 0.76, "volume": 145532, "typical_volume": 330483.25, "trend": 0.676333, "fair_value": 1.23742, "relative_strength": -9.072398, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.687762, "energy": 39.461493, "activity_lines": [ 0.7728, 0.752618, 0.68719, 0.676822 ] }, { "date": "2025-02-14", "close": 0.706, "volume": 87495, "typical_volume": 333664.95, "trend": 0.6752, "fair_value": 1.2339, "relative_strength": -16.642757, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 52.396678, "energy": 29.682997, "activity_lines": [ 0.750133, 0.748836, 0.691829, 0.678735 ] }, { "date": "2025-02-21", "close": 0.752, "volume": 77964, "typical_volume": 322755.1, "trend": 0.6754, "fair_value": 1.23073, "relative_strength": -11.323428, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.967479, "energy": 23.792369, "activity_lines": [ 0.746667, 0.751891, 0.700771, 0.68369 ] }, { "date": "2025-02-28", "close": 0.73, "volume": 39219, "typical_volume": 321577.85, "trend": 0.676133, "fair_value": 1.227457, "relative_strength": -13.435643, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.351181, "energy": 19.499505, "activity_lines": [ 0.7384, 0.749418, 0.706933, 0.687213 ] }, { "date": "2025-03-07", "close": 0.734, "volume": 185034, "typical_volume": 324477.6, "trend": 0.6766, "fair_value": 1.224253, "relative_strength": -11.974355, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.374962, "energy": 17.156408, "activity_lines": [ 0.734533, 0.745309, 0.713067, 0.690946 ] }, { "date": "2025-03-14", "close": 0.706, "volume": 98267, "typical_volume": 323200.1, "trend": 0.676733, "fair_value": 1.220909, "relative_strength": -14.684753, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.715454, "energy": 15.286113, "activity_lines": [ 0.7244, 0.738145, 0.716343, 0.692843 ] }, { "date": "2025-03-21", "close": 0.698, "volume": 40948, "typical_volume": 322151.7, "trend": 0.6764, "fair_value": 1.217557, "relative_strength": -15.712178, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.133238, "energy": 15.493512, "activity_lines": [ 0.7152, 0.728727, 0.718448, 0.694215 ] }, { "date": "2025-03-28", "close": 0.73, "volume": 57890, "typical_volume": 317515.4, "trend": 0.677133, "fair_value": 1.207874, "relative_strength": -10.464039, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.309086, "energy": 15.771253, "activity_lines": [ 0.7172, 0.726327, 0.723286, 0.697673 ] }, { "date": "2025-04-04", "close": 0.714, "volume": 207694, "typical_volume": 304084.1, "trend": 0.677333, "fair_value": 1.196238, "relative_strength": -1.493367, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.760813, "energy": 12.564453, "activity_lines": [ 0.715333, 0.722109, 0.725981, 0.700052 ] }, { "date": "2025-04-11", "close": 0.666, "volume": 120729, "typical_volume": 285096.55, "trend": 0.676133, "fair_value": 1.185187, "relative_strength": -5.882301, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.189846, "energy": 8.862566, "activity_lines": [ 0.698533, 0.710291, 0.722943, 0.69932 ] }, { "date": "2025-04-18", "close": 0.662, "volume": 21251, "typical_volume": 270339.45, "trend": 0.6748, "fair_value": 1.172834, "relative_strength": -10.808483, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.109365, "energy": 20.313276, "activity_lines": [ 0.684933, 0.699818, 0.7184, 0.698409 ] }, { "date": "2025-04-25", "close": 0.674, "volume": 79823, "typical_volume": 250182.6, "trend": 0.674267, "fair_value": 1.16209, "relative_strength": -11.793049, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.81417, "energy": 27.344773, "activity_lines": [ 0.678267, 0.693309, 0.714181, 0.698357 ] }, { "date": "2025-05-02", "close": 0.63, "volume": 120767, "typical_volume": 235069.5, "trend": 0.675, "fair_value": 1.150936, "relative_strength": -19.032057, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.348821, "energy": 46.042477, "activity_lines": [ 0.658533, 0.679382, 0.705524, 0.695501 ] }, { "date": "2025-05-09", "close": 0.614, "volume": 82446, "typical_volume": 219687.35, "trend": 0.674, "fair_value": 1.140513, "relative_strength": -22.521478, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.763319, "energy": 53.073451, "activity_lines": [ 0.640133, 0.664764, 0.695524, 0.691566 ] }, { "date": "2025-05-16", "close": 0.59, "volume": 183298, "typical_volume": 212160.55, "trend": 0.670533, "fair_value": 1.130513, "relative_strength": -27.16522, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.599542, "energy": 61.216469, "activity_lines": [ 0.6204, 0.647891, 0.683171, 0.686146 ] }, { "date": "2025-05-23", "close": 0.566, "volume": 144229, "typical_volume": 178212.5, "trend": 0.668733, "fair_value": 1.120359, "relative_strength": -27.232306, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.220255, "energy": 68.845678, "activity_lines": [ 0.597733, 0.629273, 0.669752, 0.679402 ] }, { "date": "2025-05-30", "close": 0.59, "volume": 158421, "typical_volume": 160018.95, "trend": 0.667333, "fair_value": 1.109718, "relative_strength": -24.552579, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.419924, "energy": 58.899615, "activity_lines": [ 0.589467, 0.617564, 0.659076, 0.674323 ] }, { "date": "2025-06-06", "close": 0.606, "volume": 83341, "typical_volume": 115104.05, "trend": 0.667533, "fair_value": 1.099051, "relative_strength": -22.802929, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.140823, "energy": 50.870415, "activity_lines": [ 0.592133, 0.610727, 0.650752, 0.670366 ] }, { "date": "2025-06-13", "close": 0.57, "volume": 57396, "typical_volume": 107698.7, "trend": 0.670867, "fair_value": 1.088859, "relative_strength": -24.517006, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.136752, "energy": 55.929428, "activity_lines": [ 0.5844, 0.5996, 0.639876, 0.664073 ] }, { "date": "2025-06-20", "close": 0.556, "volume": 21561, "typical_volume": 100665.25, "trend": 0.675067, "fair_value": 1.079282, "relative_strength": -25.28688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.203067, "energy": 48.9961, "activity_lines": [ 0.574933, 0.588545, 0.628648, 0.656662 ] }, { "date": "2025-06-27", "close": 0.5, "volume": 99973, "typical_volume": 98387.3, "trend": 0.6754, "fair_value": 1.069603, "relative_strength": -32.890124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.831203, "energy": 63.385145, "activity_lines": [ 0.549067, 0.569309, 0.613152, 0.645368 ] }, { "date": "2025-07-04", "close": 0.588, "volume": 404104, "typical_volume": 114217.75, "trend": 0.674267, "fair_value": 1.060135, "relative_strength": -20.214617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.444954, "energy": 45.759007, "activity_lines": [ 0.556933, 0.569018, 0.607276, 0.639729 ] }, { "date": "2025-07-11", "close": 0.554, "volume": 233164, "typical_volume": 121977.75, "trend": 0.670467, "fair_value": 1.049519, "relative_strength": -25.105673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.010561, "energy": 44.877251, "activity_lines": [ 0.5536, 0.564109, 0.598724, 0.63197 ] }, { "date": "2025-07-18", "close": 0.542, "volume": 83304, "typical_volume": 124182.0, "trend": 0.668533, "fair_value": 1.039756, "relative_strength": -26.526874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.455896, "energy": 44.715043, "activity_lines": [ 0.549733, 0.5584, 0.589971, 0.623682 ] }, { "date": "2025-07-25", "close": 0.526, "volume": 236286, "typical_volume": 126744.6, "trend": 0.657867, "fair_value": 1.030051, "relative_strength": -28.735588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.328243, "energy": 40.832078, "activity_lines": [ 0.5424, 0.551091, 0.58059, 0.614486 ] }, { "date": "2025-08-01", "close": 0.52, "volume": 134114, "typical_volume": 128536.95, "trend": 0.653133, "fair_value": 1.020115, "relative_strength": -27.467575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.214179, "energy": 43.907259, "activity_lines": [ 0.535067, 0.543855, 0.571629, 0.605591 ] }, { "date": "2025-08-08", "close": 0.48, "volume": 150257, "typical_volume": 134002.4, "trend": 0.643667, "fair_value": 1.008705, "relative_strength": -34.976018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.460977, "energy": 49.985377, "activity_lines": [ 0.513067, 0.530182, 0.559743, 0.594422 ] }, { "date": "2025-08-15", "close": 0.518, "volume": 73428, "typical_volume": 134779.3, "trend": 0.6346, "fair_value": 0.997122, "relative_strength": -30.840175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.809749, "energy": 44.854803, "activity_lines": [ 0.510933, 0.525418, 0.552514, 0.586314 ] }, { "date": "2025-08-22", "close": 0.52, "volume": 80264, "typical_volume": 128407.8, "trend": 0.626067, "fair_value": 0.986064, "relative_strength": -30.94151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.408775, "energy": 41.872837, "activity_lines": [ 0.511867, 0.522618, 0.546486, 0.57892 ] }, { "date": "2025-08-29", "close": 0.51, "volume": 29683, "typical_volume": 123855.5, "trend": 0.617067, "fair_value": 0.974878, "relative_strength": -29.82075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.573183, "energy": 41.558634, "activity_lines": [ 0.510933, 0.518909, 0.540429, 0.571432 ] }, { "date": "2025-09-05", "close": 0.508, "volume": 168975, "typical_volume": 131241.7, "trend": 0.608667, "fair_value": 0.964192, "relative_strength": -28.383747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.510641, "energy": 35.809099, "activity_lines": [ 0.5104, 0.515673, 0.534924, 0.564396 ] }, { "date": "2025-09-12", "close": 0.496, "volume": 36954, "typical_volume": 129098.25, "trend": 0.601667, "fair_value": 0.954103, "relative_strength": -30.927685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.993193, "energy": 37.14143, "activity_lines": [ 0.506667, 0.510109, 0.52901, 0.557127 ] }, { "date": "2025-09-19", "close": 0.49, "volume": 98675, "typical_volume": 127993.65, "trend": 0.592933, "fair_value": 0.945064, "relative_strength": -30.625098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.179911, "energy": 38.304759, "activity_lines": [ 0.499867, 0.505127, 0.523371, 0.549923 ] }, { "date": "2025-09-26", "close": 0.49, "volume": 112032, "typical_volume": 129472.95, "trend": 0.584933, "fair_value": 0.936154, "relative_strength": -30.497509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.301267, "energy": 39.60458, "activity_lines": [ 0.494933, 0.501309, 0.5184, 0.543282 ] }, { "date": "2025-10-03", "close": 0.459, "volume": 184457, "typical_volume": 129530.9, "trend": 0.575767, "fair_value": 0.927686, "relative_strength": -35.251724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.380286, "energy": 58.923975, "activity_lines": [ 0.481667, 0.4928, 0.511067, 0.535157 ] }, { "date": "2025-10-10", "close": 0.45, "volume": 295268, "typical_volume": 137082.85, "trend": 0.567233, "fair_value": 0.918955, "relative_strength": -34.070308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.653996, "energy": 67.174841, "activity_lines": [ 0.4688, 0.483873, 0.5035, 0.527043 ] }, { "date": "2025-10-17", "close": 0.448, "volume": 156316, "typical_volume": 136977.6, "trend": 0.5589, "fair_value": 0.911122, "relative_strength": -33.196386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.525522, "energy": 68.360089, "activity_lines": [ 0.459133, 0.475855, 0.496295, 0.519351 ] }, { "date": "2025-10-24", "close": 0.468, "volume": 114395, "typical_volume": 138530.3, "trend": 0.550167, "fair_value": 0.903571, "relative_strength": -30.847296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.826805, "energy": 61.107003, "activity_lines": [ 0.459333, 0.472055, 0.491671, 0.513486 ] }, { "date": "2025-10-31", "close": 0.45, "volume": 136940, "typical_volume": 142507.5, "trend": 0.541367, "fair_value": 0.89584, "relative_strength": -33.944295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.018583, "energy": 51.759916, "activity_lines": [ 0.455, 0.465891, 0.48599, 0.507024 ] }, { "date": "2025-11-07", "close": 0.448, "volume": 375194, "typical_volume": 160189.15, "trend": 0.5341, "fair_value": 0.888263, "relative_strength": -33.249868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.185754, "energy": 46.513361, "activity_lines": [ 0.452667, 0.460636, 0.48069, 0.501 ] }, { "date": "2025-11-14", "close": 0.433, "volume": 80959, "typical_volume": 159238.45, "trend": 0.526467, "fair_value": 0.878474, "relative_strength": -36.760546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.218274, "energy": 48.212931, "activity_lines": [ 0.446067, 0.453782, 0.474476, 0.494477 ] }, { "date": "2025-11-21", "close": 0.412, "volume": 93957, "typical_volume": 143731.1, "trend": 0.517733, "fair_value": 0.868513, "relative_strength": -37.702638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.661781, "energy": 63.571982, "activity_lines": [ 0.4336, 0.444473, 0.466581, 0.487092 ] }, { "date": "2025-11-28", "close": 0.415, "volume": 90889, "typical_volume": 136617.35, "trend": 0.510567, "fair_value": 0.860019, "relative_strength": -37.862355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.022185, "energy": 64.080538, "activity_lines": [ 0.424533, 0.437236, 0.45981, 0.480465 ] }, { "date": "2025-12-05", "close": 0.415, "volume": 65304, "typical_volume": 135717.35, "trend": 0.503933, "fair_value": 0.851654, "relative_strength": -37.31811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.803004, "energy": 67.909275, "activity_lines": [ 0.419, 0.431364, 0.4537, 0.474299 ] }, { "date": "2025-12-12", "close": 0.41, "volume": 66804, "typical_volume": 127243.25, "trend": 0.497933, "fair_value": 0.843141, "relative_strength": -37.420886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.688232, "energy": 65.451046, "activity_lines": [ 0.414133, 0.425945, 0.447719, 0.468239 ] }, { "date": "2025-12-19", "close": 0.409, "volume": 95029, "typical_volume": 125289.0, "trend": 0.4927, "fair_value": 0.834583, "relative_strength": -38.632059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.066531, "energy": 50.682656, "activity_lines": [ 0.411467, 0.421236, 0.442195, 0.462501 ] }, { "date": "2025-12-26", "close": 0.418, "volume": 37933, "typical_volume": 119672.8, "trend": 0.486967, "fair_value": 0.824763, "relative_strength": -35.792826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.177411, "energy": 44.683894, "activity_lines": [ 0.4134, 0.418909, 0.438057, 0.457682 ] }, { "date": "2026-01-02", "close": 0.486, "volume": 408656, "typical_volume": 136434.2, "trend": 0.482967, "fair_value": 0.814737, "relative_strength": -25.759803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.200825, "energy": 16.70649, "activity_lines": [ 0.4376, 0.429491, 0.44069, 0.457619 ] }, { "date": "2026-01-09", "close": 0.612, "volume": 2421003, "typical_volume": 253471.15, "trend": 0.484367, "fair_value": 0.805994, "relative_strength": -6.168915, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.891753, "energy": 35.949075, "activity_lines": [ 0.499067, 0.462655, 0.455476, 0.465944 ] }, { "date": "2026-01-16", "close": 0.654, "volume": 1258769, "typical_volume": 314925.45, "trend": 0.487633, "fair_value": 0.797109, "relative_strength": 1.1158, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.219996, "energy": 57.561389, "activity_lines": [ 0.5614, 0.500509, 0.473824, 0.476888 ] }, { "date": "2026-01-23", "close": 0.584, "volume": 222971, "typical_volume": 317625.25, "trend": 0.490433, "fair_value": 0.788032, "relative_strength": -6.688836, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.40645, "energy": 65.374827, "activity_lines": [ 0.584133, 0.521891, 0.484819, 0.483105 ] }, { "date": "2026-01-30", "close": 0.606, "volume": 394897, "typical_volume": 335522.4, "trend": 0.491033, "fair_value": 0.779417, "relative_strength": -3.579189, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.609698, "energy": 71.576024, "activity_lines": [ 0.602533, 0.544527, 0.497548, 0.490561 ] }, { "date": "2026-02-06", "close": 0.582, "volume": 139400, "typical_volume": 337558.65, "trend": 0.491967, "fair_value": 0.771417, "relative_strength": -7.091762, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.290367, "energy": 76.231172, "activity_lines": [ 0.6004, 0.559273, 0.507467, 0.49643 ] }, { "date": "2026-02-13", "close": 0.55, "volume": 98178, "typical_volume": 336865.95, "trend": 0.492233, "fair_value": 0.76316, "relative_strength": -10.52113, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.033116, "energy": 46.025283, "activity_lines": [ 0.5812, 0.565164, 0.5139, 0.500174 ] }, { "date": "2026-02-20", "close": 0.524, "volume": 95689, "typical_volume": 332427.55, "trend": 0.492167, "fair_value": 0.754724, "relative_strength": -15.667891, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.454083, "energy": 30.223794, "activity_lines": [ 0.557467, 0.563873, 0.517571, 0.502224 ] }, { "date": "2026-02-27", "close": 0.52, "volume": 105854, "typical_volume": 322956.85, "trend": 0.492167, "fair_value": 0.746583, "relative_strength": -16.674855, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.491204, "energy": 21.082941, "activity_lines": [ 0.541067, 0.559782, 0.520552, 0.504019 ] }, { "date": "2026-03-06", "close": 0.484, "volume": 98837, "typical_volume": 320082.9, "trend": 0.4923, "fair_value": 0.739173, "relative_strength": -16.088361, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.608375, "energy": 20.946448, "activity_lines": [ 0.516933, 0.547127, 0.519771, 0.503492 ] }, { "date": "2026-03-13", "close": 0.475, "volume": 130849, "typical_volume": 320905.6, "trend": 0.490867, "fair_value": 0.731385, "relative_strength": -17.033723, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.883842, "energy": 19.288944, "activity_lines": [ 0.497933, 0.531636, 0.517962, 0.502376 ] }, { "date": "2026-03-20", "close": 0.492, "volume": 106223, "typical_volume": 319369.75, "trend": 0.489933, "fair_value": 0.724321, "relative_strength": -10.249065, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.245811, "energy": 20.062465, "activity_lines": [ 0.491733, 0.519436, 0.517738, 0.502449 ] }, { "date": "2026-03-27", "close": 0.48, "volume": 51595, "typical_volume": 303189.8, "trend": 0.488933, "fair_value": 0.716885, "relative_strength": -12.501155, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.724774, "energy": 18.927021, "activity_lines": [ 0.4854, 0.507236, 0.516171, 0.501809 ] }, { "date": "2026-04-03", "close": 0.46, "volume": 77596, "typical_volume": 303021.65, "trend": 0.487333, "fair_value": 0.710218, "relative_strength": -18.978107, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.070798, "energy": 21.505376, "activity_lines": [ 0.475333, 0.494564, 0.512548, 0.499942 ] }, { "date": "2026-04-10", "close": 0.488, "volume": 110388, "typical_volume": 303843.2, "trend": 0.487067, "fair_value": 0.70434, "relative_strength": -16.424256, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.821388, "energy": 23.579044, "activity_lines": [ 0.4786, 0.489236, 0.511462, 0.499985 ] }, { "date": "2026-04-17", "close": 0.452, "volume": 107817, "typical_volume": 304689.6, "trend": 0.4858, "fair_value": 0.699032, "relative_strength": -23.487844, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.048265, "energy": 37.168848, "activity_lines": [ 0.4696, 0.479509, 0.506586, 0.497723 ] }, { "date": "2026-04-24", "close": 0.452, "volume": 144997, "typical_volume": 308674.25, "trend": 0.484533, "fair_value": 0.693596, "relative_strength": -20.456954, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.300532, "energy": 38.825778, "activity_lines": [ 0.462133, 0.472145, 0.501533, 0.495542 ] }, { "date": "2026-05-01", "close": 0.437, "volume": 109336, "typical_volume": 310800.85, "trend": 0.4838, "fair_value": 0.68941, "relative_strength": -23.122161, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.391228, "energy": 44.044295, "activity_lines": [ 0.452333, 0.463836, 0.494876, 0.492475 ] }, { "date": "2026-05-08", "close": 0.432, "volume": 48963, "typical_volume": 308497.55, "trend": 0.4832, "fair_value": 0.686218, "relative_strength": -24.77269, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.734334, "energy": 51.318817, "activity_lines": [ 0.443733, 0.4562, 0.487614, 0.489133 ] }, { "date": "2026-05-15", "close": 0.407, "volume": 79260, "typical_volume": 310563.9, "trend": 0.481833, "fair_value": 0.683878, "relative_strength": -28.136578, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.301563, "energy": 57.217706, "activity_lines": [ 0.428667, 0.445618, 0.477862, 0.484217 ] }, { "date": "2026-05-22", "close": 0.398, "volume": 74854, "typical_volume": 293873.8, "trend": 0.4795, "fair_value": 0.681647, "relative_strength": -29.546146, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.974993, "energy": 73.128801, "activity_lines": [ 0.416, 0.4348, 0.467305, 0.478809 ] }, { "date": "2026-05-29", "close": 0.406, "volume": 293685, "typical_volume": 187507.9, "trend": 0.478033, "fair_value": 0.679327, "relative_strength": -28.08503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.319397, "energy": 67.981687, "activity_lines": [ 0.4096, 0.426836, 0.457929, 0.474067 ] }, { "date": "2026-06-05", "close": 0.396, "volume": 13250, "typical_volume": 125231.95, "trend": 0.4763, "fair_value": 0.676519, "relative_strength": -28.805875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.864365, "energy": 71.145265, "activity_lines": [ 0.402933, 0.418618, 0.448581, 0.468774 ] }, { "date": "2026-06-12", "close": 0.381, "volume": 14229, "typical_volume": 114794.85, "trend": 0.474567, "fair_value": 0.673833, "relative_strength": -32.818651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.019496, "energy": 74.171849, "activity_lines": [ 0.394, 0.4092, 0.439033, 0.462626 ] }, { "date": "2026-06-19", "close": 0.558, "volume": 465428, "typical_volume": 118321.4, "trend": 0.479433, "fair_value": 0.67241, "relative_strength": -3.516592, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -11.983947, "energy": 9.588297, "activity_lines": [ 0.447467, 0.4334, 0.44731, 0.468009 ] }, { "date": "2026-06-26", "close": 0.51, "volume": 40340, "typical_volume": 113368.4, "trend": 0.4826, "fair_value": 0.670487, "relative_strength": -8.668948, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -11.418648, "energy": 17.454309, "activity_lines": [ 0.474867, 0.4476, 0.451243, 0.469981 ] }, { "date": "2026-07-03", "close": 0.5, "volume": 15961, "typical_volume": 109257.55, "trend": 0.485433, "fair_value": 0.6685, "relative_strength": -12.261705, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.229656, "energy": 27.031621, "activity_lines": [ 0.491467, 0.458927, 0.454567, 0.471103 ] }, { "date": "2026-07-10", "close": 0.49, "volume": 68347, "typical_volume": 107890.45, "trend": 0.4881, "fair_value": 0.664269, "relative_strength": -12.981957, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.384113, "energy": 31.678992, "activity_lines": [ 0.498467, 0.467564, 0.457176, 0.471398 ] }, { "date": "2026-07-17", "close": 0.48, "volume": 94156, "typical_volume": 107305.55, "trend": 0.490467, "fair_value": 0.660962, "relative_strength": -12.898866, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.918659, "energy": 27.076833, "activity_lines": [ 0.495867, 0.473418, 0.458995, 0.470875 ] }, { "date": "2026-07-24", "close": 0.469, "volume": 75224, "typical_volume": 106124.9, "trend": 0.492167, "fair_value": 0.657647, "relative_strength": -14.163342, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -5.969681, "energy": 12.371308, "activity_lines": [ 0.483, 0.4764, 0.459957, 0.46949 ] }, { "date": "2026-07-31", "close": 0.471, "volume": 69049, "typical_volume": 103034.9, "trend": 0.491667, "fair_value": 0.654385, "relative_strength": -13.78294, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.370994, "energy": 10.969569, "activity_lines": [ 0.476733, 0.478618, 0.461181, 0.468125 ] }, { "date": "2026-08-07", "close": 0.486, "volume": 76022, "typical_volume": 101524.85, "trend": 0.487467, "fair_value": 0.652282, "relative_strength": -13.19819, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.932454, "energy": 9.810769, "activity_lines": [ 0.478067, 0.482236, 0.463852, 0.467759 ] } ], "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." } } }