{ "ticker": { "uuid": "9075b699-43c0-4e7c-83d5-c3142362cdf6", "symbol": "WHF", "name": "WhiteHorse Finance", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 54.159, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -5.918, "architecture_energy": 8.311, "architecture_maturity": 17.045, "architecture_confidence": 50.973, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 57.91, "rotation_up": 31.09, "upward_expansion": 20.87, "deceleration": 66.07, "rotation_down": 33.26, "downward_expansion": 34.54 }, "activity_lines": [ 6.567333, 6.556091, 6.683979, 6.714865 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 6.78, "trend_reference": 6.667029, "distance_from_trend": 0.016945, "trend_direction": "Improving", "fair_value": 7.714753, "distance_from_fair_value": -0.121164, "fair_value_direction": "Weakening", "relative_strength": -11.238592, "relative_strength_direction": "Weakening", "price_momentum": 0.129287, "excess_performance": -0.058166, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.016945, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.001805, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.121164, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.065906, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.112386, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.001954, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.129287, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.536366, "read": "Supply-led" } ], "volume": { "latest": 218967, "relative_activity": 0.559535, "balance": 0.536366, "dry_up": 0.651187, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.062599, "annualized_volatility": 0.296811, "from_high_reference": -0.112763, "from_low_reference": 0.201824 }, "levels": { "trend_reference": 6.667029, "fair_value_reference": 7.714753, "structural_low": 5.641423, "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": 5, "median_return": -0.014948, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": 0.00232, "regime_survival": 0.2, "best_return": 0.006938, "worst_return": -0.061081, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.032915, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.067124, "regime_survival": 0.0, "best_return": 0.067666, "worst_return": -0.097835, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.011849, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.182725, "regime_survival": 0.0, "best_return": 0.02314, "worst_return": 0.0021, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.004606, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.312272, "regime_survival": 0.0, "best_return": 0.079669, "worst_return": -0.070456, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-09-06", "tenure": "Developing", "return": 0.04363, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-10-04", "tenure": "New", "return": 0.0076, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.061347, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-02-21", "tenure": "Established", "return": 0.083121, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.122232, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.00625, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-12-19", "tenure": "Extended", "return": -0.122097, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": -0.038682, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": 0.131465, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": 0.036415, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-10", "end": "2026-05-22", "tenure": "Developing", "return": -0.096711, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.035874, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": -0.016692, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.033537, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.137743, "volume": 296958, "typical_volume": 252324.65, "trend": 7.855481, "fair_value": 7.469094, "relative_strength": -9.248939, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.019449, "energy": 33.4293, "activity_lines": [ 8.304313, 8.326977, 8.0711, 7.952306 ] }, { "date": "2023-08-25", "close": 8.105955, "volume": 249510, "typical_volume": 252863.6, "trend": 7.861194, "fair_value": 7.491615, "relative_strength": -10.699592, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.017767, "energy": 22.046708, "activity_lines": [ 8.214458, 8.292175, 8.093298, 7.968466 ] }, { "date": "2023-09-01", "close": 8.347545, "volume": 149471, "typical_volume": 251293.0, "trend": 7.883916, "fair_value": 7.516409, "relative_strength": -10.975993, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.658028, "energy": 23.735054, "activity_lines": [ 8.226326, 8.304428, 8.136501, 7.999843 ] }, { "date": "2023-09-08", "close": 8.20132, "volume": 180911, "typical_volume": 249411.55, "trend": 7.894598, "fair_value": 7.539987, "relative_strength": -11.114003, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.967848, "energy": 20.448872, "activity_lines": [ 8.205134, 8.282697, 8.163417, 8.020321 ] }, { "date": "2023-09-15", "close": 8.544631, "volume": 274550, "typical_volume": 245694.4, "trend": 7.912148, "fair_value": 7.565222, "relative_strength": -6.656518, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.127885, "energy": 34.392232, "activity_lines": [ 8.328048, 8.322577, 8.220276, 8.062259 ] }, { "date": "2023-09-22", "close": 8.157828, "volume": 218554, "typical_volume": 246974.9, "trend": 7.919988, "fair_value": 7.590083, "relative_strength": -7.621213, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.985994, "energy": 28.576816, "activity_lines": [ 8.291511, 8.285886, 8.234968, 8.078109 ] }, { "date": "2023-09-29", "close": 8.354087, "volume": 186889, "typical_volume": 243043.8, "trend": 7.929792, "fair_value": 7.613664, "relative_strength": -5.431752, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.852171, "energy": 29.115669, "activity_lines": [ 8.319055, 8.29145, 8.263187, 8.106115 ] }, { "date": "2023-10-06", "close": 8.308293, "volume": 254670, "typical_volume": 245274.7, "trend": 7.950011, "fair_value": 7.636057, "relative_strength": -7.5036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.754253, "energy": 27.869668, "activity_lines": [ 8.314792, 8.289956, 8.282034, 8.130535 ] }, { "date": "2023-10-13", "close": 8.210163, "volume": 96456, "typical_volume": 234565.3, "trend": 7.973924, "fair_value": 7.657446, "relative_strength": -8.483659, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.246186, "energy": 16.199702, "activity_lines": [ 8.280436, 8.27561, 8.286273, 8.147319 ] }, { "date": "2023-10-20", "close": 8.040072, "volume": 103702, "typical_volume": 230788.35, "trend": 7.982054, "fair_value": 7.678062, "relative_strength": -7.476117, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.846131, "energy": 7.849637, "activity_lines": [ 8.188793, 8.23827, 8.269253, 8.151586 ] }, { "date": "2023-10-27", "close": 7.843813, "volume": 143471, "typical_volume": 223539.7, "trend": 7.985702, "fair_value": 7.698097, "relative_strength": -7.052902, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.166196, "energy": 13.07243, "activity_lines": [ 8.065368, 8.166097, 8.229791, 8.142667 ] }, { "date": "2023-11-03", "close": 7.889607, "volume": 220273, "typical_volume": 221140.3, "trend": 7.992523, "fair_value": 7.717187, "relative_strength": -11.750934, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.92646, "energy": 25.634937, "activity_lines": [ 7.978141, 8.107594, 8.195052, 8.136468 ] }, { "date": "2023-11-10", "close": 7.915775, "volume": 186200, "typical_volume": 217943.8, "trend": 7.994656, "fair_value": 7.732546, "relative_strength": -13.654607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.1792, "energy": 37.772781, "activity_lines": [ 7.930603, 8.057783, 8.164655, 8.131516 ] }, { "date": "2023-11-17", "close": 8.249415, "volume": 233604, "typical_volume": 219407.85, "trend": 8.01553, "fair_value": 7.744787, "relative_strength": -11.410802, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.120904, "energy": 19.489825, "activity_lines": [ 8.020446, 8.076484, 8.166151, 8.147952 ] }, { "date": "2023-11-24", "close": 8.013905, "volume": 164751, "typical_volume": 212344.95, "trend": 8.035143, "fair_value": 7.755458, "relative_strength": -14.224663, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.718369, "energy": 15.623228, "activity_lines": [ 8.029169, 8.051491, 8.144778, 8.147848 ] }, { "date": "2023-12-01", "close": 8.072782, "volume": 276842, "typical_volume": 215102.9, "trend": 8.068456, "fair_value": 7.765086, "relative_strength": -13.277574, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.593076, "energy": 6.222405, "activity_lines": [ 8.059262, 8.046852, 8.129904, 8.150276 ] }, { "date": "2023-12-08", "close": 8.138202, "volume": 195809, "typical_volume": 211293.45, "trend": 8.096331, "fair_value": 7.775708, "relative_strength": -12.627616, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.403048, "energy": 7.235898, "activity_lines": [ 8.095897, 8.055654, 8.123386, 8.154776 ] }, { "date": "2023-12-15", "close": 8.43259, "volume": 311620, "typical_volume": 216205.9, "trend": 8.137313, "fair_value": 7.787658, "relative_strength": -11.914828, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.815403, "energy": 13.472077, "activity_lines": [ 8.214089, 8.121906, 8.146265, 8.17647 ] }, { "date": "2023-12-22", "close": 8.223526, "volume": 477268, "typical_volume": 232295.55, "trend": 8.17318, "fair_value": 7.799259, "relative_strength": -14.340867, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.863218, "energy": 11.142352, "activity_lines": [ 8.228138, 8.147887, 8.149949, 8.182032 ] }, { "date": "2023-12-29", "close": 8.290932, "volume": 313330, "typical_volume": 226741.95, "trend": 8.207793, "fair_value": 7.810208, "relative_strength": -13.270774, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.392178, "energy": 17.113895, "activity_lines": [ 8.266381, 8.18588, 8.162065, 8.189629 ] }, { "date": "2024-01-05", "close": 8.594259, "volume": 282598, "typical_volume": 226023.95, "trend": 8.230277, "fair_value": 7.823876, "relative_strength": -6.59938, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.035094, "energy": 40.288803, "activity_lines": [ 8.387266, 8.274463, 8.202099, 8.214562 ] }, { "date": "2024-01-12", "close": 8.60774, "volume": 226356, "typical_volume": 224866.25, "trend": 8.241267, "fair_value": 7.836855, "relative_strength": -8.749542, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.385995, "energy": 48.496027, "activity_lines": [ 8.477878, 8.351852, 8.241242, 8.238915 ] }, { "date": "2024-01-19", "close": 8.452706, "volume": 106235, "typical_volume": 222704.45, "trend": 8.258336, "fair_value": 7.84881, "relative_strength": -12.24305, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.624622, "energy": 46.330175, "activity_lines": [ 8.48551, 8.387996, 8.263231, 8.252556 ] }, { "date": "2024-01-26", "close": 8.641443, "volume": 182055, "typical_volume": 222761.65, "trend": 8.27449, "fair_value": 7.862192, "relative_strength": -10.344426, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.379846, "energy": 61.222775, "activity_lines": [ 8.554714, 8.448694, 8.302694, 8.277272 ] }, { "date": "2024-02-02", "close": 8.486409, "volume": 178218, "typical_volume": 217945.05, "trend": 8.283993, "fair_value": 7.872719, "relative_strength": -12.619017, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.863176, "energy": 49.213771, "activity_lines": [ 8.544378, 8.474076, 8.325296, 8.290945 ] }, { "date": "2024-02-09", "close": 8.49989, "volume": 245019, "typical_volume": 219268.3, "trend": 8.283349, "fair_value": 7.883116, "relative_strength": -13.574187, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.030911, "energy": 33.307014, "activity_lines": [ 8.525504, 8.493318, 8.349459, 8.304873 ] }, { "date": "2024-02-16", "close": 8.547074, "volume": 162844, "typical_volume": 218066.05, "trend": 8.287457, "fair_value": 7.893288, "relative_strength": -11.258889, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.969572, "energy": 34.913312, "activity_lines": [ 8.52865, 8.513373, 8.376487, 8.321888 ] }, { "date": "2024-02-23", "close": 8.553815, "volume": 110025, "typical_volume": 210833.8, "trend": 8.286492, "fair_value": 7.902604, "relative_strength": -11.86439, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.337718, "energy": 31.192287, "activity_lines": [ 8.538087, 8.52722, 8.403238, 8.339072 ] }, { "date": "2024-03-01", "close": 8.365078, "volume": 303448, "typical_volume": 221183.4, "trend": 8.277116, "fair_value": 7.909842, "relative_strength": -14.905093, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.923557, "energy": 21.276455, "activity_lines": [ 8.477871, 8.504547, 8.410844, 8.344142 ] }, { "date": "2024-03-08", "close": 8.472928, "volume": 212989, "typical_volume": 226647.75, "trend": 8.289984, "fair_value": 7.915291, "relative_strength": -11.932578, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.138444, "energy": 19.056039, "activity_lines": [ 8.472029, 8.49891, 8.427985, 8.356775 ] }, { "date": "2024-03-15", "close": 8.553815, "volume": 194433, "typical_volume": 229195.85, "trend": 8.303853, "fair_value": 7.921104, "relative_strength": -9.650938, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.851227, "energy": 21.135633, "activity_lines": [ 8.494048, 8.50467, 8.450768, 8.373797 ] }, { "date": "2024-03-22", "close": 8.489992, "volume": 557345, "typical_volume": 246049.45, "trend": 8.316655, "fair_value": 7.927428, "relative_strength": -12.462698, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.072303, "energy": 17.342698, "activity_lines": [ 8.491198, 8.499561, 8.464092, 8.385806 ] }, { "date": "2024-03-29", "close": 8.622105, "volume": 261670, "typical_volume": 249822.95, "trend": 8.325807, "fair_value": 7.934473, "relative_strength": -10.241348, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.822565, "energy": 29.803528, "activity_lines": [ 8.536191, 8.520614, 8.487138, 8.405512 ] }, { "date": "2024-04-05", "close": 8.531712, "volume": 865891, "typical_volume": 281437.3, "trend": 8.33682, "fair_value": 7.937829, "relative_strength": -10.072522, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.036662, "energy": 28.373983, "activity_lines": [ 8.546501, 8.522152, 8.498213, 8.418796 ] }, { "date": "2024-04-12", "close": 8.545619, "volume": 672345, "typical_volume": 306817.0, "trend": 8.336852, "fair_value": 7.941591, "relative_strength": -9.042347, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.894938, "energy": 25.606001, "activity_lines": [ 8.550337, 8.528213, 8.509267, 8.432267 ] }, { "date": "2024-04-19", "close": 8.823751, "volume": 596611, "typical_volume": 322805.45, "trend": 8.35905, "fair_value": 7.947771, "relative_strength": -0.467932, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.907994, "energy": 49.443293, "activity_lines": [ 8.642038, 8.583767, 8.544279, 8.46368 ] }, { "date": "2024-04-26", "close": 8.969771, "volume": 522240, "typical_volume": 339127.0, "trend": 8.379573, "fair_value": 7.956441, "relative_strength": -2.451771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.988463, "energy": 64.423013, "activity_lines": [ 8.764416, 8.659982, 8.589621, 8.503082 ] }, { "date": "2024-05-03", "close": 8.893284, "volume": 519360, "typical_volume": 349514.0, "trend": 8.399072, "fair_value": 7.964082, "relative_strength": -4.137645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.534461, "energy": 66.88927, "activity_lines": [ 8.829314, 8.714605, 8.623719, 8.536224 ] }, { "date": "2024-05-10", "close": 8.865471, "volume": 505332, "typical_volume": 350917.2, "trend": 8.420916, "fair_value": 7.972528, "relative_strength": -5.641795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.921857, "energy": 65.63657, "activity_lines": [ 8.866862, 8.757999, 8.652974, 8.566314 ] }, { "date": "2024-05-17", "close": 9.09493, "volume": 333572, "typical_volume": 351929.3, "trend": 8.456078, "fair_value": 7.982191, "relative_strength": -5.156544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.114887, "energy": 68.276834, "activity_lines": [ 8.958645, 8.834014, 8.701025, 8.609799 ] }, { "date": "2024-05-24", "close": 9.213136, "volume": 270512, "typical_volume": 351325.0, "trend": 8.501722, "fair_value": 7.99166, "relative_strength": -5.176653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.613788, "energy": 66.355263, "activity_lines": [ 9.05321, 8.920212, 8.756506, 8.658642 ] }, { "date": "2024-05-31", "close": 8.935004, "volume": 714002, "typical_volume": 375707.3, "trend": 8.536569, "fair_value": 7.998997, "relative_strength": -6.497455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.598699, "energy": 45.862307, "activity_lines": [ 9.029105, 8.943854, 8.782551, 8.686595 ] }, { "date": "2024-06-07", "close": 9.046257, "volume": 553779, "typical_volume": 398084.5, "trend": 8.574251, "fair_value": 8.006762, "relative_strength": -7.590905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.329059, "energy": 44.841202, "activity_lines": [ 9.044403, 8.979632, 8.817633, 8.719478 ] }, { "date": "2024-06-14", "close": 9.143603, "volume": 855169, "typical_volume": 431740.2, "trend": 8.604058, "fair_value": 8.01727, "relative_strength": -9.466304, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.092393, "energy": 44.455331, "activity_lines": [ 9.08195, 9.025397, 8.859159, 8.756211 ] }, { "date": "2024-06-21", "close": 8.824217, "volume": 745562, "typical_volume": 460107.4, "trend": 8.631068, "fair_value": 8.025115, "relative_strength": -12.518099, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.605644, "energy": 27.174961, "activity_lines": [ 8.994494, 9.001967, 8.867877, 8.770415 ] }, { "date": "2024-06-28", "close": 8.795544, "volume": 601373, "typical_volume": 477925.1, "trend": 8.65516, "fair_value": 8.032321, "relative_strength": -12.437737, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.089258, "energy": 20.647021, "activity_lines": [ 8.915528, 8.968258, 8.872255, 8.781026 ] }, { "date": "2024-07-05", "close": 8.831386, "volume": 314356, "typical_volume": 485500.7, "trend": 8.678266, "fair_value": 8.039335, "relative_strength": -14.730782, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.801437, "energy": 17.135876, "activity_lines": [ 8.876348, 8.941579, 8.878639, 8.792395 ] }, { "date": "2024-07-12", "close": 8.867227, "volume": 182911, "typical_volume": 489145.0, "trend": 8.692754, "fair_value": 8.047163, "relative_strength": -13.778839, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.328537, "energy": 19.652678, "activity_lines": [ 8.856023, 8.923932, 8.887082, 8.804586 ] }, { "date": "2024-07-19", "close": 8.637841, "volume": 343685, "typical_volume": 491156.85, "trend": 8.706565, "fair_value": 8.053034, "relative_strength": -12.190971, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.959907, "energy": 11.778478, "activity_lines": [ 8.771172, 8.865053, 8.872187, 8.801044 ] }, { "date": "2024-07-26", "close": 8.738197, "volume": 189798, "typical_volume": 489997.3, "trend": 8.721473, "fair_value": 8.059742, "relative_strength": -8.505325, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.03792, "energy": 13.286604, "activity_lines": [ 8.75349, 8.828559, 8.865551, 8.803084 ] }, { "date": "2024-08-02", "close": 8.444296, "volume": 433154, "typical_volume": 501933.35, "trend": 8.716475, "fair_value": 8.062425, "relative_strength": -8.389463, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.841013, "energy": 33.028698, "activity_lines": [ 8.643575, 8.745114, 8.82966, 8.785202 ] }, { "date": "2024-08-09", "close": 8.214909, "volume": 731311, "typical_volume": 510631.65, "trend": 8.70338, "fair_value": 8.064286, "relative_strength": -10.87319, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.932966, "energy": 55.870753, "activity_lines": [ 8.480615, 8.633942, 8.772445, 8.752843 ] }, { "date": "2024-08-16", "close": 8.315266, "volume": 527984, "typical_volume": 523947.35, "trend": 8.698799, "fair_value": 8.06757, "relative_strength": -14.025838, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.911123, "energy": 59.769173, "activity_lines": [ 8.392206, 8.554109, 8.726098, 8.727803 ] }, { "date": "2024-08-23", "close": 8.487306, "volume": 223549, "typical_volume": 491830.25, "trend": 8.693661, "fair_value": 8.07069, "relative_strength": -12.76515, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.037474, "energy": 56.589845, "activity_lines": [ 8.397941, 8.518846, 8.697597, 8.714159 ] }, { "date": "2024-08-30", "close": 8.523147, "volume": 342420, "typical_volume": 475334.0, "trend": 8.694886, "fair_value": 8.074138, "relative_strength": -11.343582, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.260647, "energy": 47.351778, "activity_lines": [ 8.425658, 8.502033, 8.67272, 8.703158 ] }, { "date": "2024-09-06", "close": 8.573326, "volume": 251673, "typical_volume": 458087.1, "trend": 8.697334, "fair_value": 8.078102, "relative_strength": -5.063563, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.16968, "energy": 32.871344, "activity_lines": [ 8.484438, 8.499818, 8.652729, 8.695315 ] }, { "date": "2024-09-13", "close": 8.623504, "volume": 346958, "typical_volume": 449323.0, "trend": 8.699881, "fair_value": 8.081852, "relative_strength": -9.423745, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.004009, "energy": 18.418142, "activity_lines": [ 8.551343, 8.510766, 8.63871, 8.690552 ] }, { "date": "2024-09-20", "close": 8.481807, "volume": 892400, "typical_volume": 467975.0, "trend": 8.697481, "fair_value": 8.085756, "relative_strength": -11.771135, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.820762, "energy": 18.514374, "activity_lines": [ 8.543775, 8.49973, 8.612845, 8.676483 ] }, { "date": "2024-09-27", "close": 8.504011, "volume": 261991, "typical_volume": 455807.95, "trend": 8.702112, "fair_value": 8.08967, "relative_strength": -11.936364, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.814191, "energy": 17.455289, "activity_lines": [ 8.532506, 8.49974, 8.591054, 8.664001 ] }, { "date": "2024-10-04", "close": 8.689041, "volume": 469702, "typical_volume": 462614.45, "trend": 8.709316, "fair_value": 8.093043, "relative_strength": -9.678404, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.402192, "energy": 14.626535, "activity_lines": [ 8.5818, 8.535824, 8.588606, 8.663157 ] }, { "date": "2024-10-11", "close": 8.548418, "volume": 223734, "typical_volume": 460275.55, "trend": 8.709136, "fair_value": 8.09515, "relative_strength": -11.772229, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.619161, "energy": 14.820005, "activity_lines": [ 8.57316, 8.547234, 8.574698, 8.652777 ] }, { "date": "2024-10-18", "close": 8.814862, "volume": 246660, "typical_volume": 436908.45, "trend": 8.719965, "fair_value": 8.10099, "relative_strength": -8.779702, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.844173, "energy": 7.223779, "activity_lines": [ 8.654996, 8.605196, 8.589331, 8.659598 ] }, { "date": "2024-10-25", "close": 8.911078, "volume": 266351, "typical_volume": 422537.05, "trend": 8.729597, "fair_value": 8.107105, "relative_strength": -7.498034, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.435054, "energy": 21.419749, "activity_lines": [ 8.756146, 8.669743, 8.613699, 8.671928 ] }, { "date": "2024-11-01", "close": 8.779551, "volume": 343014, "typical_volume": 396929.3, "trend": 8.737859, "fair_value": 8.111438, "relative_strength": -7.058118, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.76628, "energy": 22.811183, "activity_lines": [ 8.784835, 8.699543, 8.626185, 8.675151 ] }, { "date": "2024-11-08", "close": 8.363995, "volume": 438112, "typical_volume": 381556.8, "trend": 8.731805, "fair_value": 8.113643, "relative_strength": -15.655822, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.644166, "energy": 16.160253, "activity_lines": [ 8.656637, 8.648474, 8.600828, 8.65103 ] }, { "date": "2024-11-15", "close": 8.023995, "volume": 616621, "typical_volume": 382319.2, "trend": 8.705146, "fair_value": 8.113837, "relative_strength": -15.77157, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.735546, "energy": 49.418143, "activity_lines": [ 8.436775, 8.538481, 8.545281, 8.605365 ] }, { "date": "2024-11-22", "close": 7.963551, "volume": 469787, "typical_volume": 390090.75, "trend": 8.671605, "fair_value": 8.113643, "relative_strength": -17.518928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.642072, "energy": 70.878675, "activity_lines": [ 8.231727, 8.427485, 8.487652, 8.55752 ] }, { "date": "2024-11-29", "close": 8.023995, "volume": 432149, "typical_volume": 402552.65, "trend": 8.642629, "fair_value": 8.113702, "relative_strength": -17.110763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.536533, "energy": 75.831467, "activity_lines": [ 8.10358, 8.339479, 8.439912, 8.515739 ] }, { "date": "2024-12-06", "close": 7.986218, "volume": 479003, "typical_volume": 409318.55, "trend": 8.613321, "fair_value": 8.112749, "relative_strength": -19.658406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.520441, "energy": 77.750735, "activity_lines": [ 8.021981, 8.252927, 8.392589, 8.47339 ] }, { "date": "2024-12-13", "close": 8.054218, "volume": 336343, "typical_volume": 416645.8, "trend": 8.57863, "fair_value": 8.111478, "relative_strength": -19.117957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.360511, "energy": 74.268517, "activity_lines": [ 8.015936, 8.188154, 8.354846, 8.437319 ] }, { "date": "2024-12-20", "close": 7.793551, "volume": 659274, "typical_volume": 427951.8, "trend": 8.531311, "fair_value": 8.108468, "relative_strength": -19.51499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.826508, "energy": 73.548451, "activity_lines": [ 7.943655, 8.087529, 8.295534, 8.386669 ] }, { "date": "2024-12-27", "close": 7.652278, "volume": 998000, "typical_volume": 441286.25, "trend": 8.488553, "fair_value": 8.104415, "relative_strength": -21.225206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.146337, "energy": 70.502524, "activity_lines": [ 7.839645, 7.974943, 8.225866, 8.329957 ] }, { "date": "2025-01-03", "close": 7.848491, "volume": 650759, "typical_volume": 447425.0, "trend": 8.448628, "fair_value": 8.101449, "relative_strength": -18.020815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.44558, "energy": 54.553284, "activity_lines": [ 7.821792, 7.91917, 8.177565, 8.288663 ] }, { "date": "2025-01-10", "close": 7.620884, "volume": 351638, "typical_volume": 453829.45, "trend": 8.39787, "fair_value": 8.097538, "relative_strength": -18.088759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.811682, "energy": 62.861818, "activity_lines": [ 7.739769, 7.841334, 8.109809, 8.23526 ] }, { "date": "2025-01-17", "close": 7.840642, "volume": 241919, "typical_volume": 448804.4, "trend": 8.365085, "fair_value": 8.095857, "relative_strength": -17.63132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.317452, "energy": 49.883265, "activity_lines": [ 7.755355, 7.82452, 8.067109, 8.199309 ] }, { "date": "2025-01-24", "close": 7.950521, "volume": 241867, "typical_volume": 448314.1, "trend": 8.336917, "fair_value": 8.095018, "relative_strength": -17.241547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.497567, "energy": 40.323207, "activity_lines": [ 7.821806, 7.8372, 8.038123, 8.172563 ] }, { "date": "2025-01-31", "close": 8.288006, "volume": 443962, "typical_volume": 453164.3, "trend": 8.318804, "fair_value": 8.095383, "relative_strength": -12.140797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.469236, "energy": 18.828409, "activity_lines": [ 7.990287, 7.912576, 8.044245, 8.169408 ] }, { "date": "2025-02-07", "close": 8.233067, "volume": 309931, "typical_volume": 424040.85, "trend": 8.297666, "fair_value": 8.095944, "relative_strength": -12.472412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.408758, "energy": 20.657456, "activity_lines": [ 8.098073, 7.972065, 8.046732, 8.163876 ] }, { "date": "2025-02-14", "close": 8.390036, "volume": 240662, "typical_volume": 422974.4, "trend": 8.289406, "fair_value": 8.096963, "relative_strength": -12.920402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.744658, "energy": 21.194033, "activity_lines": [ 8.232543, 8.056292, 8.065352, 8.169836 ] }, { "date": "2025-02-21", "close": 8.625491, "volume": 226708, "typical_volume": 410824.7, "trend": 8.285649, "fair_value": 8.099971, "relative_strength": -8.096504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.399339, "energy": 39.806154, "activity_lines": [ 8.394222, 8.175987, 8.10694, 8.191519 ] }, { "date": "2025-02-28", "close": 8.860946, "volume": 453793, "typical_volume": 422327.65, "trend": 8.299537, "fair_value": 8.105037, "relative_strength": -2.107647, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.664957, "energy": 63.9738, "activity_lines": [ 8.582063, 8.328105, 8.171255, 8.228635 ] }, { "date": "2025-03-07", "close": 7.87596, "volume": 531755, "typical_volume": 436582.4, "trend": 8.288239, "fair_value": 8.104576, "relative_strength": -9.760178, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.264432, "energy": 20.78711, "activity_lines": [ 8.38088, 8.281727, 8.140273, 8.201307 ] }, { "date": "2025-03-14", "close": 7.777854, "volume": 514201, "typical_volume": 448974.9, "trend": 8.270325, "fair_value": 8.102322, "relative_strength": -8.271351, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -37.720285, "energy": 18.108444, "activity_lines": [ 8.174464, 8.213445, 8.104419, 8.168379 ] }, { "date": "2025-03-21", "close": 7.836718, "volume": 521490, "typical_volume": 457898.7, "trend": 8.248639, "fair_value": 8.100109, "relative_strength": -7.521308, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.289953, "energy": 26.18719, "activity_lines": [ 8.018018, 8.15715, 8.079567, 8.140404 ] }, { "date": "2025-03-28", "close": 7.787738, "volume": 396731, "typical_volume": 455829.65, "trend": 8.224125, "fair_value": 8.096635, "relative_strength": -5.603125, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.353867, "energy": 39.988203, "activity_lines": [ 7.882133, 8.088026, 8.05454, 8.110669 ] }, { "date": "2025-04-04", "close": 7.346923, "volume": 819964, "typical_volume": 465996.8, "trend": 8.183245, "fair_value": 8.090124, "relative_strength": -0.969693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.570624, "energy": 67.143262, "activity_lines": [ 7.655159, 7.939714, 7.990275, 8.054075 ] }, { "date": "2025-04-11", "close": 7.363249, "volume": 822344, "typical_volume": 483624.65, "trend": 8.141236, "fair_value": 8.083753, "relative_strength": -7.333641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.40074, "energy": 72.661316, "activity_lines": [ 7.534563, 7.805346, 7.930788, 8.001172 ] }, { "date": "2025-04-18", "close": 7.94284, "volume": 416270, "typical_volume": 482830.7, "trend": 8.123271, "fair_value": 8.081449, "relative_strength": 2.676809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.296843, "energy": 56.832331, "activity_lines": [ 7.641344, 7.793172, 7.92936, 7.988373 ] }, { "date": "2025-04-25", "close": 7.999983, "volume": 300388, "typical_volume": 473899.95, "trend": 8.10647, "fair_value": 8.080914, "relative_strength": -2.380661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.492312, "energy": 32.318335, "activity_lines": [ 7.756174, 7.796664, 7.93376, 7.980418 ] }, { "date": "2025-05-02", "close": 7.828555, "volume": 247079, "typical_volume": 469436.75, "trend": 8.077787, "fair_value": 8.079631, "relative_strength": -7.185648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.771989, "energy": 19.386224, "activity_lines": [ 7.802977, 7.77608, 7.921768, 7.962488 ] }, { "date": "2025-05-09", "close": 7.559167, "volume": 268140, "typical_volume": 449880.05, "trend": 8.044812, "fair_value": 8.080234, "relative_strength": -9.750216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.19861, "energy": 19.871993, "activity_lines": [ 7.757262, 7.721005, 7.885195, 7.929029 ] }, { "date": "2025-05-16", "close": 7.477535, "volume": 368234, "typical_volume": 418391.75, "trend": 8.000235, "fair_value": 8.081367, "relative_strength": -15.909011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.314376, "energy": 28.639828, "activity_lines": [ 7.670188, 7.674757, 7.841963, 7.892431 ] }, { "date": "2025-05-23", "close": 7.355086, "volume": 290446, "typical_volume": 400376.1, "trend": 7.948368, "fair_value": 8.078943, "relative_strength": -14.73559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.892444, "energy": 45.265089, "activity_lines": [ 7.534678, 7.61349, 7.787902, 7.850808 ] }, { "date": "2025-05-30", "close": 7.33876, "volume": 378584, "typical_volume": 401723.4, "trend": 7.900342, "fair_value": 8.076485, "relative_strength": -15.988511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.360452, "energy": 55.709379, "activity_lines": [ 7.432909, 7.556941, 7.734635, 7.811479 ] }, { "date": "2025-06-06", "close": 7.355086, "volume": 269107, "typical_volume": 403082.8, "trend": 7.866711, "fair_value": 8.074272, "relative_strength": -16.970843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.745973, "energy": 62.032693, "activity_lines": [ 7.380664, 7.512414, 7.684267, 7.776301 ] }, { "date": "2025-06-13", "close": 7.542841, "volume": 314717, "typical_volume": 406725.3, "trend": 7.850673, "fair_value": 8.07725, "relative_strength": -13.889284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.377473, "energy": 55.249662, "activity_lines": [ 7.422569, 7.509891, 7.654092, 7.755406 ] }, { "date": "2025-06-20", "close": 7.403164, "volume": 865199, "typical_volume": 427787.15, "trend": 7.831993, "fair_value": 8.078792, "relative_strength": -15.026901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.328494, "energy": 42.302829, "activity_lines": [ 7.419003, 7.47841, 7.612556, 7.726534 ] }, { "date": "2025-06-27", "close": 7.44576, "volume": 581695, "typical_volume": 441375.35, "trend": 7.812719, "fair_value": 8.078659, "relative_strength": -17.476866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.620396, "energy": 31.321047, "activity_lines": [ 7.434594, 7.453948, 7.57929, 7.701616 ] }, { "date": "2025-07-04", "close": 7.778008, "volume": 430505, "typical_volume": 450867.5, "trend": 7.805779, "fair_value": 8.079177, "relative_strength": -14.664215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.03047, "energy": 15.611919, "activity_lines": [ 7.554889, 7.498932, 7.581416, 7.699377 ] }, { "date": "2025-07-11", "close": 7.599105, "volume": 420098, "typical_volume": 460537.0, "trend": 7.790608, "fair_value": 8.078801, "relative_strength": -15.897929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.994793, "energy": 15.754239, "activity_lines": [ 7.586267, 7.515425, 7.569418, 7.686043 ] }, { "date": "2025-07-18", "close": 7.556509, "volume": 264314, "typical_volume": 451063.05, "trend": 7.782707, "fair_value": 8.07725, "relative_strength": -16.949783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.96043, "energy": 16.70996, "activity_lines": [ 7.587178, 7.528344, 7.558251, 7.67094 ] }, { "date": "2025-07-25", "close": 7.684297, "volume": 333349, "typical_volume": 441142.75, "trend": 7.783774, "fair_value": 8.075689, "relative_strength": -15.766531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.182601, "energy": 16.859583, "activity_lines": [ 7.629774, 7.564546, 7.565466, 7.664591 ] }, { "date": "2025-08-01", "close": 7.411683, "volume": 359125, "typical_volume": 433388.95, "trend": 7.769214, "fair_value": 8.07238, "relative_strength": -16.369524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.651417, "energy": 17.093888, "activity_lines": [ 7.562757, 7.547423, 7.54763, 7.640585 ] }, { "date": "2025-08-08", "close": 7.215742, "volume": 464088, "typical_volume": 430518.85, "trend": 7.755709, "fair_value": 8.065254, "relative_strength": -20.960368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.115875, "energy": 36.37551, "activity_lines": [ 7.432697, 7.493645, 7.512877, 7.604877 ] }, { "date": "2025-08-15", "close": 7.224262, "volume": 342277, "typical_volume": 427796.15, "trend": 7.735163, "fair_value": 8.058075, "relative_strength": -20.761374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.430096, "energy": 52.698738, "activity_lines": [ 7.342962, 7.443653, 7.481892, 7.57059 ] }, { "date": "2025-08-22", "close": 7.266857, "volume": 244933, "typical_volume": 399044.6, "trend": 7.712374, "fair_value": 8.050628, "relative_strength": -19.04547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.855655, "energy": 62.234785, "activity_lines": [ 7.292415, 7.403784, 7.457648, 7.540377 ] }, { "date": "2025-08-29", "close": 7.283896, "volume": 229582, "typical_volume": 369406.5, "trend": 7.678904, "fair_value": 8.045742, "relative_strength": -18.107923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.324626, "energy": 63.323882, "activity_lines": [ 7.266857, 7.37203, 7.435407, 7.512733 ] }, { "date": "2025-09-05", "close": 7.462799, "volume": 342592, "typical_volume": 365722.6, "trend": 7.653228, "fair_value": 8.043591, "relative_strength": -16.274626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.703197, "energy": 39.688351, "activity_lines": [ 7.327628, 7.374974, 7.430582, 7.498791 ] }, { "date": "2025-09-12", "close": 7.428722, "volume": 347575, "typical_volume": 368081.95, "trend": 7.621185, "fair_value": 8.041293, "relative_strength": -17.591272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.088943, "energy": 22.97253, "activity_lines": [ 7.373631, 7.371411, 7.424798, 7.484306 ] }, { "date": "2025-09-19", "close": 7.177406, "volume": 1371276, "typical_volume": 424291.8, "trend": 7.572915, "fair_value": 8.042857, "relative_strength": -21.504649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.377839, "energy": 32.153667, "activity_lines": [ 7.321664, 7.328505, 7.397799, 7.455676 ] }, { "date": "2025-09-26", "close": 6.347184, "volume": 1039818, "typical_volume": 462875.7, "trend": 7.489123, "fair_value": 8.042433, "relative_strength": -29.658662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.691005, "energy": 70.540458, "activity_lines": [ 6.99608, 7.142317, 7.294833, 7.376596 ] }, { "date": "2025-10-03", "close": 6.231131, "volume": 1271523, "typical_volume": 508040.15, "trend": 7.434295, "fair_value": 8.040857, "relative_strength": -31.105647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.987356, "energy": 90.590121, "activity_lines": [ 6.693123, 6.957017, 7.186585, 7.295435 ] }, { "date": "2025-10-10", "close": 5.829411, "volume": 650655, "typical_volume": 526050.6, "trend": 7.369347, "fair_value": 8.034929, "relative_strength": -33.408416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.152329, "energy": 96.655351, "activity_lines": [ 6.326444, 6.725097, 7.046013, 7.191894 ] }, { "date": "2025-10-17", "close": 6.213277, "volume": 624734, "typical_volume": 538358.1, "trend": 7.315233, "fair_value": 8.030054, "relative_strength": -30.027506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.752726, "energy": 87.759111, "activity_lines": [ 6.196613, 6.59174, 6.949265, 7.117309 ] }, { "date": "2025-10-24", "close": 6.284694, "volume": 513531, "typical_volume": 550579.3, "trend": 7.265131, "fair_value": 8.023451, "relative_strength": -30.010337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.411167, "energy": 86.693506, "activity_lines": [ 6.171617, 6.489595, 6.864678, 7.050823 ] }, { "date": "2025-10-31", "close": 6.440919, "volume": 618593, "typical_volume": 565773.1, "trend": 7.234931, "fair_value": 8.017553, "relative_strength": -28.895934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.035885, "energy": 66.737643, "activity_lines": [ 6.25821, 6.432937, 6.800067, 6.997648 ] }, { "date": "2025-11-07", "close": 6.378124, "volume": 641993, "typical_volume": 554612.8, "trend": 7.202093, "fair_value": 8.011958, "relative_strength": -26.780625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.565738, "energy": 52.131839, "activity_lines": [ 6.317623, 6.379879, 6.734722, 6.94237 ] }, { "date": "2025-11-14", "close": 6.31533, "volume": 1217344, "typical_volume": 586395.25, "trend": 7.147843, "fair_value": 8.003693, "relative_strength": -26.818197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.450133, "energy": 40.291867, "activity_lines": [ 6.346305, 6.331872, 6.668278, 6.885159 ] }, { "date": "2025-11-21", "close": 6.476801, "volume": 741569, "typical_volume": 601948.45, "trend": 7.09707, "fair_value": 7.994752, "relative_strength": -22.043871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.114837, "energy": 32.881816, "activity_lines": [ 6.396415, 6.334087, 6.622596, 6.841866 ] }, { "date": "2025-11-28", "close": 6.521654, "volume": 577186, "typical_volume": 609802.85, "trend": 7.053507, "fair_value": 7.986954, "relative_strength": -24.658125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.819368, "energy": 28.685289, "activity_lines": [ 6.443909, 6.361764, 6.587381, 6.804743 ] }, { "date": "2025-12-05", "close": 6.88945, "volume": 1349754, "typical_volume": 664074.85, "trend": 7.031183, "fair_value": 7.982518, "relative_strength": -20.740065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.294736, "energy": 17.403062, "activity_lines": [ 6.598204, 6.468236, 6.592326, 6.794159 ] }, { "date": "2025-12-12", "close": 6.790773, "volume": 797345, "typical_volume": 687274.65, "trend": 7.008291, "fair_value": 7.977635, "relative_strength": -19.900251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.692095, "energy": 19.368595, "activity_lines": [ 6.689704, 6.546908, 6.591049, 6.778648 ] }, { "date": "2025-12-19", "close": 6.449889, "volume": 1399362, "typical_volume": 739286.5, "trend": 6.978118, "fair_value": 7.970835, "relative_strength": -23.85076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.374908, "energy": 20.172653, "activity_lines": [ 6.640066, 6.553425, 6.561561, 6.742622 ] }, { "date": "2025-12-26", "close": 6.487064, "volume": 1179969, "typical_volume": 775080.55, "trend": 6.949728, "fair_value": 7.962474, "relative_strength": -23.888551, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.610423, "energy": 15.022401, "activity_lines": [ 6.59385, 6.555421, 6.540194, 6.710941 ] }, { "date": "2026-01-02", "close": 6.496358, "volume": 751841, "typical_volume": 795558.75, "trend": 6.921104, "fair_value": 7.9536, "relative_strength": -21.933479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.810427, "energy": 18.392791, "activity_lines": [ 6.550047, 6.554127, 6.523183, 6.681692 ] }, { "date": "2026-01-09", "close": 6.459183, "volume": 673956, "typical_volume": 817009.9, "trend": 6.884982, "fair_value": 7.942535, "relative_strength": -23.536762, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.01284, "energy": 25.714717, "activity_lines": [ 6.495539, 6.542227, 6.506096, 6.65189 ] }, { "date": "2026-01-16", "close": 6.431302, "volume": 449210, "typical_volume": 827991.3, "trend": 6.852586, "fair_value": 7.932362, "relative_strength": -22.682232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.998462, "energy": 30.233917, "activity_lines": [ 6.460422, 6.524925, 6.490201, 6.622621 ] }, { "date": "2026-01-23", "close": 6.431302, "volume": 637077, "typical_volume": 842715.55, "trend": 6.818771, "fair_value": 7.922726, "relative_strength": -22.332619, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.331532, "energy": 27.85883, "activity_lines": [ 6.44927, 6.506656, 6.478366, 6.595441 ] }, { "date": "2026-01-30", "close": 6.236132, "volume": 497567, "typical_volume": 850215.15, "trend": 6.767375, "fair_value": 7.913561, "relative_strength": -23.935401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.540354, "energy": 43.072429, "activity_lines": [ 6.3743, 6.450793, 6.452855, 6.557851 ] }, { "date": "2026-02-06", "close": 6.003787, "volume": 538292, "typical_volume": 808565.95, "trend": 6.714198, "fair_value": 7.901529, "relative_strength": -24.64473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.029149, "energy": 60.554789, "activity_lines": [ 6.23861, 6.357062, 6.410894, 6.508588 ] }, { "date": "2026-02-13", "close": 6.087431, "volume": 470873, "typical_volume": 780118.7, "trend": 6.665229, "fair_value": 7.889152, "relative_strength": -21.975847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.503469, "energy": 64.896469, "activity_lines": [ 6.16364, 6.287954, 6.382489, 6.468151 ] }, { "date": "2026-02-20", "close": 5.929437, "volume": 393144, "typical_volume": 736199.75, "trend": 6.606733, "fair_value": 7.876375, "relative_strength": -24.102186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.937964, "energy": 73.476806, "activity_lines": [ 6.060789, 6.204702, 6.340273, 6.420681 ] }, { "date": "2026-02-27", "close": 5.855087, "volume": 597689, "typical_volume": 733551.45, "trend": 6.554847, "fair_value": 7.862242, "relative_strength": -23.968067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.454387, "energy": 75.179264, "activity_lines": [ 5.966612, 6.123593, 6.292413, 6.372187 ] }, { "date": "2026-03-06", "close": 6.895991, "volume": 969488, "typical_volume": 750789.15, "trend": 6.544188, "fair_value": 7.857077, "relative_strength": -8.688893, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.397105, "energy": 15.231961, "activity_lines": [ 6.257818, 6.242553, 6.343565, 6.394197 ] }, { "date": "2026-03-13", "close": 6.812347, "volume": 912187, "typical_volume": 770721.95, "trend": 6.530458, "fair_value": 7.852715, "relative_strength": -8.204217, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.916122, "energy": 12.203917, "activity_lines": [ 6.477151, 6.338871, 6.383499, 6.411497 ] }, { "date": "2026-03-20", "close": 6.793076, "volume": 522041, "typical_volume": 765894.35, "trend": 6.514665, "fair_value": 7.846285, "relative_strength": -5.948828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.022581, "energy": 29.285409, "activity_lines": [ 6.636157, 6.425939, 6.419086, 6.42844 ] }, { "date": "2026-03-27", "close": 6.879796, "volume": 458632, "typical_volume": 756726.3, "trend": 6.501195, "fair_value": 7.840807, "relative_strength": -0.888776, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.303132, "energy": 41.040952, "activity_lines": [ 6.777026, 6.522704, 6.461255, 6.451997 ] }, { "date": "2026-04-03", "close": 7.130321, "volume": 555047, "typical_volume": 723611.45, "trend": 6.490113, "fair_value": 7.837251, "relative_strength": -0.393873, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.697137, "energy": 73.68781, "activity_lines": [ 6.938047, 6.656864, 6.524894, 6.492586 ] }, { "date": "2026-04-10", "close": 7.28449, "volume": 619832, "typical_volume": 717524.6, "trend": 6.485305, "fair_value": 7.833615, "relative_strength": -1.912659, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.422566, "energy": 77.436462, "activity_lines": [ 7.065441, 6.806346, 6.599335, 6.543836 ] }, { "date": "2026-04-17", "close": 7.294125, "volume": 428040, "typical_volume": 710067.3, "trend": 6.489196, "fair_value": 7.831505, "relative_strength": -6.506158, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.144192, "energy": 77.011085, "activity_lines": [ 7.170148, 6.938519, 6.670847, 6.596018 ] }, { "date": "2026-04-24", "close": 7.245948, "volume": 255586, "typical_volume": 655358.9, "trend": 6.519154, "fair_value": 7.830354, "relative_strength": -8.233389, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.180161, "energy": 73.194589, "activity_lines": [ 7.226677, 7.038471, 6.734093, 6.644841 ] }, { "date": "2026-05-01", "close": 7.380845, "volume": 258989, "typical_volume": 628441.1, "trend": 6.557478, "fair_value": 7.832325, "relative_strength": -7.179723, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.149535, "energy": 71.138817, "activity_lines": [ 7.29798, 7.141886, 6.808489, 6.700434 ] }, { "date": "2026-05-08", "close": 7.400117, "volume": 312368, "typical_volume": 574091.4, "trend": 6.609835, "fair_value": 7.832954, "relative_strength": -11.043188, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.846115, "energy": 62.531665, "activity_lines": [ 7.342303, 7.222416, 6.88191, 6.754797 ] }, { "date": "2026-05-15", "close": 7.024329, "volume": 402891, "typical_volume": 535237.5, "trend": 6.63687, "fair_value": 7.831808, "relative_strength": -14.657561, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.505067, "energy": 44.061487, "activity_lines": [ 7.243378, 7.206529, 6.915017, 6.781539 ] }, { "date": "2026-05-22", "close": 6.58, "volume": 1007202, "typical_volume": 548005.55, "trend": 6.646714, "fair_value": 7.82817, "relative_strength": -20.312183, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.87039, "energy": 19.588971, "activity_lines": [ 7.013687, 7.107522, 6.903248, 6.77787 ] }, { "date": "2026-05-29", "close": 6.69, "volume": 421479, "typical_volume": 535381.7, "trend": 6.655016, "fair_value": 7.824564, "relative_strength": -20.578625, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.927395, "energy": 19.482434, "activity_lines": [ 6.868271, 7.032739, 6.901557, 6.780663 ] }, { "date": "2026-06-05", "close": 6.66, "volume": 441849, "typical_volume": 535013.65, "trend": 6.664412, "fair_value": 7.816489, "relative_strength": -16.575472, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.279145, "energy": 23.29283, "activity_lines": [ 6.749918, 6.954376, 6.89591, 6.780984 ] }, { "date": "2026-06-12", "close": 6.64, "volume": 364949, "typical_volume": 521407.25, "trend": 6.675235, "fair_value": 7.805989, "relative_strength": -17.984156, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.767882, "energy": 25.204279, "activity_lines": [ 6.672955, 6.876373, 6.88727, 6.779409 ] }, { "date": "2026-06-19", "close": 6.45, "volume": 368386, "typical_volume": 514948.2, "trend": 6.674341, "fair_value": 7.796433, "relative_strength": -21.680942, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.522524, "energy": 28.824424, "activity_lines": [ 6.583333, 6.772739, 6.85954, 6.764878 ] }, { "date": "2026-06-26", "close": 6.59, "volume": 262223, "typical_volume": 501144.75, "trend": 6.676619, "fair_value": 7.78639, "relative_strength": -15.583082, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.322598, "energy": 30.773559, "activity_lines": [ 6.578667, 6.709733, 6.844125, 6.759437 ] }, { "date": "2026-07-03", "close": 6.65, "volume": 230519, "typical_volume": 489127.05, "trend": 6.668638, "fair_value": 7.776445, "relative_strength": -14.844241, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.016047, "energy": 25.791169, "activity_lines": [ 6.593333, 6.670438, 6.831633, 6.757719 ] }, { "date": "2026-07-10", "close": 6.43, "volume": 419418, "typical_volume": 490440.75, "trend": 6.656612, "fair_value": 7.763053, "relative_strength": -18.425203, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.984406, "energy": 30.659006, "activity_lines": [ 6.537333, 6.601978, 6.795509, 6.742323 ] }, { "date": "2026-07-17", "close": 6.48, "volume": 321621, "typical_volume": 476637.35, "trend": 6.657616, "fair_value": 7.750592, "relative_strength": -13.581178, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.405741, "energy": 20.026224, "activity_lines": [ 6.513333, 6.559897, 6.761764, 6.730929 ] }, { "date": "2026-07-24", "close": 6.56, "volume": 269200, "typical_volume": 441622.95, "trend": 6.660047, "fair_value": 7.737626, "relative_strength": -10.451444, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.812314, "energy": 16.292928, "activity_lines": [ 6.526667, 6.549091, 6.732662, 6.724631 ] }, { "date": "2026-07-31", "close": 6.385, "volume": 209547, "typical_volume": 406490.95, "trend": 6.656335, "fair_value": 7.72313, "relative_strength": -12.665644, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.977264, "energy": 23.68286, "activity_lines": [ 6.474333, 6.514909, 6.688494, 6.706886 ] }, { "date": "2026-08-07", "close": 6.78, "volume": 218967, "typical_volume": 391337.25, "trend": 6.667029, "fair_value": 7.714753, "relative_strength": -11.238592, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.918355, "energy": 8.310839, "activity_lines": [ 6.567333, 6.556091, 6.683979, 6.714865 ] } ], "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." } } }