{ "ticker": { "uuid": "90e18461-595a-4a4a-adad-3f8dab57ac0f", "symbol": "IOVA", "name": "Iovance Biotherapeutics Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 84.689, "architecture_energy": 68.874, "architecture_maturity": 40.0, "architecture_confidence": 77.027, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 11.4, "rotation_up": 75.87, "upward_expansion": 87.9, "deceleration": 44.63, "rotation_down": 11.11, "downward_expansion": 12.23 }, "activity_lines": [ 5.145333, 4.781818, 4.393048, 4.16972 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 6.34, "trend_reference": 3.806333, "distance_from_trend": 0.665645, "trend_direction": "Improving", "fair_value": 5.891635, "distance_from_fair_value": 0.076102, "fair_value_direction": "Improving", "relative_strength": 76.431673, "relative_strength_direction": "Improving", "price_momentum": 1.505929, "excess_performance": 1.318475, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.665645, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.228378, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.076102, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.488479, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.764317, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.60225, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 1.505929, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.263781, "read": "Demand-led" } ], "volume": { "latest": 143700799, "relative_activity": 1.936585, "balance": 1.263781, "dry_up": 1.37264, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.14828, "annualized_volatility": 1.05747, "from_high_reference": -0.083815, "from_low_reference": 2.602273 }, "levels": { "trend_reference": 3.806333, "fair_value_reference": 5.891635, "structural_low": 2.46, "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": 9, "median_return": -0.044335, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.05636, "regime_survival": 0.666667, "best_return": 1.077734, "worst_return": -0.247004, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.432056, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.253292, "regime_survival": 0.0, "best_return": 0.533597, "worst_return": -0.350985, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.088418, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.011773, "regime_survival": 0.0, "best_return": 0.218709, "worst_return": -0.041872, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.004926, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.306149, "regime_survival": 0.0, "best_return": 0.004926, "worst_return": 0.004926, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-09-01", "end": "2023-09-22", "tenure": "New", "return": -0.20813, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-29", "end": "2023-12-08", "tenure": "Developing", "return": 0.406593, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-15", "end": "2024-01-19", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-26", "end": "2024-04-05", "tenure": "Developing", "return": 0.782609, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-12", "end": "2024-05-31", "tenure": "Developing", "return": -0.281553, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-07", "end": "2024-07-12", "tenure": "Developing", "return": 0.122108, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-19", "end": "2024-09-06", "tenure": "Developing", "return": 0.257538, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-13", "end": "2024-12-13", "tenure": "Established", "return": -0.242747, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": 0.036585, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-08-15", "tenure": "Extended", "return": -0.601562, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2026-02-13", "tenure": "Established", "return": -0.04461, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-04-03", "tenure": "Developing", "return": 0.195122, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-05-29", "tenure": "Developing", "return": 0.108108, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.498818, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.07, "volume": 32182633, "typical_volume": 25625487.75, "trend": 7.060667, "fair_value": 19.422628, "relative_strength": -31.835629, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.603609, "energy": 21.44094, "activity_lines": [ 6.825333, 7.122182, 7.29719, 7.131677 ] }, { "date": "2023-08-25", "close": 6.15, "volume": 15222020, "typical_volume": 25664477.8, "trend": 6.993667, "fair_value": 19.258974, "relative_strength": -31.033793, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.408481, "energy": 40.521186, "activity_lines": [ 6.526, 6.904545, 7.205238, 7.072925 ] }, { "date": "2023-09-01", "close": 6.15, "volume": 12887034, "typical_volume": 25464955.65, "trend": 6.932667, "fair_value": 19.101923, "relative_strength": -32.388311, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.378755, "energy": 51.146273, "activity_lines": [ 6.328, 6.722727, 7.112238, 7.018495 ] }, { "date": "2023-09-08", "close": 5.95, "volume": 13469272, "typical_volume": 25466273.35, "trend": 6.885667, "fair_value": 18.936859, "relative_strength": -32.590189, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.538195, "energy": 57.806178, "activity_lines": [ 6.133333, 6.539455, 6.997762, 6.955097 ] }, { "date": "2023-09-15", "close": 5.27, "volume": 85999460, "typical_volume": 29126992.05, "trend": 6.816333, "fair_value": 18.73891, "relative_strength": -38.841369, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.242571, "energy": 64.08204, "activity_lines": [ 5.798, 6.252364, 6.817381, 6.85086 ] }, { "date": "2023-09-22", "close": 4.87, "volume": 51636563, "typical_volume": 30502268.55, "trend": 6.745333, "fair_value": 18.566218, "relative_strength": -40.44026, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.428359, "energy": 75.045007, "activity_lines": [ 5.448667, 5.928364, 6.600667, 6.72529 ] }, { "date": "2023-09-29", "close": 4.55, "volume": 29128766, "typical_volume": 30654738.3, "trend": 6.652, "fair_value": 18.393462, "relative_strength": -43.293265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.762006, "energy": 81.644885, "activity_lines": [ 5.072667, 5.598727, 6.362905, 6.583656 ] }, { "date": "2023-10-06", "close": 4.04, "volume": 23235603, "typical_volume": 30694656.4, "trend": 6.579667, "fair_value": 18.219423, "relative_strength": -49.430893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.181405, "energy": 86.91285, "activity_lines": [ 4.633333, 5.233091, 6.090476, 6.41514 ] }, { "date": "2023-10-13", "close": 3.63, "volume": 29386681, "typical_volume": 29893699.5, "trend": 6.485333, "fair_value": 18.00141, "relative_strength": -53.648883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.519014, "energy": 92.210074, "activity_lines": [ 4.198, 4.850364, 5.79481, 6.224839 ] }, { "date": "2023-10-20", "close": 3.33, "volume": 30708880, "typical_volume": 29194708.7, "trend": 6.412, "fair_value": 17.78141, "relative_strength": -55.220875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.338233, "energy": 92.295823, "activity_lines": [ 3.817333, 4.478727, 5.489238, 6.021269 ] }, { "date": "2023-10-27", "close": 3.5, "volume": 27324562, "typical_volume": 29117050.7, "trend": 6.325, "fair_value": 17.575128, "relative_strength": -50.54529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.589272, "energy": 88.280005, "activity_lines": [ 3.622667, 4.205818, 5.225905, 5.833398 ] }, { "date": "2023-11-03", "close": 4.21, "volume": 27182494, "typical_volume": 28717680.4, "trend": 6.267667, "fair_value": 17.342885, "relative_strength": -42.937203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.713012, "energy": 77.181964, "activity_lines": [ 3.756, 4.108727, 5.051095, 5.696946 ] }, { "date": "2023-11-10", "close": 3.97, "volume": 35122925, "typical_volume": 29252186.4, "trend": 6.212, "fair_value": 17.126538, "relative_strength": -46.658014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.976331, "energy": 59.378864, "activity_lines": [ 3.832, 4.003273, 4.872048, 5.54871 ] }, { "date": "2023-11-17", "close": 5.05, "volume": 33998556, "typical_volume": 29959017.7, "trend": 6.19, "fair_value": 16.925256, "relative_strength": -32.813569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.361173, "energy": 41.234752, "activity_lines": [ 4.272667, 4.133818, 4.815381, 5.473742 ] }, { "date": "2023-11-24", "close": 5.79, "volume": 38295537, "typical_volume": 31225284.4, "trend": 6.195, "fair_value": 16.709936, "relative_strength": -23.136838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.008962, "energy": 25.602681, "activity_lines": [ 4.865333, 4.415273, 4.838667, 5.447935 ] }, { "date": "2023-12-01", "close": 6.26, "volume": 33857134, "typical_volume": 30196395.4, "trend": 6.175333, "fair_value": 16.473718, "relative_strength": -16.366567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.577809, "energy": 21.679781, "activity_lines": [ 5.450667, 4.772727, 4.913619, 5.452129 ] }, { "date": "2023-12-08", "close": 6.4, "volume": 31409297, "typical_volume": 30642639.25, "trend": 6.139667, "fair_value": 16.194551, "relative_strength": -14.262278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.186052, "energy": 32.975738, "activity_lines": [ 5.898667, 5.130364, 5.009048, 5.466624 ] }, { "date": "2023-12-15", "close": 7.78, "volume": 47631092, "typical_volume": 32075727.75, "trend": 6.153667, "fair_value": 15.941154, "relative_strength": 1.30511, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.281916, "energy": 52.752734, "activity_lines": [ 6.660667, 5.705273, 5.241952, 5.572452 ] }, { "date": "2023-12-22", "close": 8.34, "volume": 37441115, "typical_volume": 33102222.05, "trend": 6.18, "fair_value": 15.676987, "relative_strength": 7.860632, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.475847, "energy": 74.165858, "activity_lines": [ 7.355333, 6.314, 5.525429, 5.713505 ] }, { "date": "2023-12-29", "close": 8.13, "volume": 66748452, "typical_volume": 35143403.8, "trend": 6.157667, "fair_value": 15.431667, "relative_strength": 5.257622, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.61271, "energy": 71.279135, "activity_lines": [ 7.760667, 6.798909, 5.783667, 5.839312 ] }, { "date": "2024-01-05", "close": 8.47, "volume": 25551706, "typical_volume": 34811857.45, "trend": 6.177, "fair_value": 15.162115, "relative_strength": 13.475516, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.475019, "energy": 75.287783, "activity_lines": [ 8.123333, 7.258364, 6.06919, 5.988495 ] }, { "date": "2024-01-12", "close": 9.01, "volume": 41181298, "typical_volume": 36109821.35, "trend": 6.206667, "fair_value": 14.892564, "relative_strength": 17.025128, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.953525, "energy": 68.60658, "activity_lines": [ 8.518667, 7.725636, 6.394714, 6.171269 ] }, { "date": "2024-01-19", "close": 7.78, "volume": 26163989, "typical_volume": 36773669.1, "trend": 6.197, "fair_value": 14.637628, "relative_strength": -1.348709, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.459391, "energy": 54.561921, "activity_lines": [ 8.33, 7.882, 6.589476, 6.272774 ] }, { "date": "2024-01-26", "close": 7.59, "volume": 28740414, "typical_volume": 37537226.2, "trend": 6.215333, "fair_value": 14.405256, "relative_strength": -3.38027, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.610819, "energy": 46.844959, "activity_lines": [ 8.078, 7.934545, 6.758381, 6.362645 ] }, { "date": "2024-02-02", "close": 7.9, "volume": 25688379, "typical_volume": 34521672.15, "trend": 6.237333, "fair_value": 14.137628, "relative_strength": 0.160547, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.602598, "energy": 36.697466, "activity_lines": [ 7.979333, 7.997273, 6.949, 6.471333 ] }, { "date": "2024-02-09", "close": 9.18, "volume": 26686725, "typical_volume": 33274180.25, "trend": 6.284667, "fair_value": 13.891538, "relative_strength": 14.694625, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.321457, "energy": 43.066954, "activity_lines": [ 8.322667, 8.254364, 7.249, 6.661183 ] }, { "date": "2024-02-16", "close": 9.15, "volume": 43025942, "typical_volume": 33969039.05, "trend": 6.334, "fair_value": 13.647692, "relative_strength": 16.446648, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.95519, "energy": 45.24063, "activity_lines": [ 8.608667, 8.452909, 7.525619, 6.846043 ] }, { "date": "2024-02-23", "close": 15.77, "volume": 170637844, "typical_volume": 41339151.1, "trend": 6.619667, "fair_value": 13.509679, "relative_strength": 95.380734, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.701632, "energy": 86.182359, "activity_lines": [ 11.092, 9.805091, 8.41081, 7.454817 ] }, { "date": "2024-03-01", "close": 16.79, "volume": 67599639, "typical_volume": 43249799.0, "trend": 6.938, "fair_value": 13.409872, "relative_strength": 101.177769, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.414197, "energy": 96.014643, "activity_lines": [ 13.382667, 11.197455, 9.337286, 8.110968 ] }, { "date": "2024-03-08", "close": 15.7, "volume": 47029709, "typical_volume": 44065840.45, "trend": 7.226, "fair_value": 13.288141, "relative_strength": 88.217826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.267495, "energy": 91.480249, "activity_lines": [ 14.696667, 12.238, 10.097286, 8.676258 ] }, { "date": "2024-03-15", "close": 13.91, "volume": 46566987, "typical_volume": 45027961.7, "trend": 7.487333, "fair_value": 13.176282, "relative_strength": 66.901689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.057054, "energy": 88.029184, "activity_lines": [ 14.894, 12.815455, 10.627905, 9.107484 ] }, { "date": "2024-03-22", "close": 15.02, "volume": 28778048, "typical_volume": 45107739.4, "trend": 7.783, "fair_value": 13.088782, "relative_strength": 72.248917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.218484, "energy": 83.549833, "activity_lines": [ 15.146, 13.495818, 11.214667, 9.593462 ] }, { "date": "2024-03-29", "close": 14.82, "volume": 19974969, "typical_volume": 44350341.6, "trend": 8.072, "fair_value": 12.977244, "relative_strength": 68.504923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.514308, "energy": 62.25992, "activity_lines": [ 14.94, 14.030545, 11.730905, 10.047462 ] }, { "date": "2024-04-05", "close": 13.53, "volume": 21457058, "typical_volume": 43723266.7, "trend": 8.324667, "fair_value": 12.870449, "relative_strength": 53.295662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.100249, "energy": 51.174577, "activity_lines": [ 14.367333, 14.202727, 12.072619, 10.399591 ] }, { "date": "2024-04-12", "close": 12.36, "volume": 22780306, "typical_volume": 42947505.15, "trend": 8.561, "fair_value": 12.756474, "relative_strength": 39.354267, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.475956, "energy": 39.349261, "activity_lines": [ 13.622, 14.054182, 12.262524, 10.659935 ] }, { "date": "2024-04-19", "close": 11.31, "volume": 23886893, "typical_volume": 42448993.1, "trend": 8.775667, "fair_value": 12.628462, "relative_strength": 33.621563, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.385031, "energy": 24.406835, "activity_lines": [ 12.749333, 13.633636, 12.321143, 10.83729 ] }, { "date": "2024-04-26", "close": 11.64, "volume": 15120632, "typical_volume": 41634559.85, "trend": 9.012, "fair_value": 12.501538, "relative_strength": 31.141499, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.151626, "energy": 26.009114, "activity_lines": [ 12.16, 13.234364, 12.387143, 11.022086 ] }, { "date": "2024-05-03", "close": 13.63, "volume": 23201911, "typical_volume": 40413100.8, "trend": 9.331667, "fair_value": 12.40609, "relative_strength": 50.583849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.01323, "energy": 24.651746, "activity_lines": [ 12.459333, 13.151636, 12.617714, 11.320022 ] }, { "date": "2024-05-10", "close": 10.965, "volume": 37044578, "typical_volume": 40393273.95, "trend": 9.576167, "fair_value": 12.310865, "relative_strength": 19.15388, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.694557, "energy": 17.978708, "activity_lines": [ 11.949667, 12.623273, 12.566619, 11.425398 ] }, { "date": "2024-05-17", "close": 10.24, "volume": 32778245, "typical_volume": 38694763.6, "trend": 9.8065, "fair_value": 12.260801, "relative_strength": 8.820929, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.091021, "energy": 10.852908, "activity_lines": [ 11.369333, 12.069, 12.433976, 11.468226 ] }, { "date": "2024-05-24", "close": 10.01, "volume": 26121466, "typical_volume": 38723251.6, "trend": 10.0235, "fair_value": 12.205929, "relative_strength": 4.934641, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.203399, "energy": 17.919942, "activity_lines": [ 10.853667, 11.572182, 12.269381, 11.481355 ] }, { "date": "2024-05-31", "close": 8.88, "volume": 27188646, "typical_volume": 38023619.0, "trend": 10.179167, "fair_value": 12.147981, "relative_strength": -4.952801, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.10638, "energy": 49.731186, "activity_lines": [ 10.048, 10.940818, 11.989833, 11.407581 ] }, { "date": "2024-06-07", "close": 7.78, "volume": 40242075, "typical_volume": 38727523.3, "trend": 10.306167, "fair_value": 12.047532, "relative_strength": -18.506702, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.424658, "energy": 67.994969, "activity_lines": [ 9.059667, 10.221091, 11.606143, 11.252796 ] }, { "date": "2024-06-14", "close": 8.16, "volume": 41349979, "typical_volume": 39358001.55, "trend": 10.409833, "fair_value": 11.940994, "relative_strength": -17.019818, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.021198, "energy": 67.694837, "activity_lines": [ 8.588, 9.698455, 11.258643, 11.114333 ] }, { "date": "2024-06-21", "close": 8.01, "volume": 31610852, "typical_volume": 39654125.2, "trend": 10.483833, "fair_value": 11.819071, "relative_strength": -18.276908, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.632768, "energy": 72.615334, "activity_lines": [ 8.253333, 9.246182, 10.894143, 10.959505 ] }, { "date": "2024-06-28", "close": 8.02, "volume": 45749314, "typical_volume": 40607254.65, "trend": 10.5425, "fair_value": 11.700865, "relative_strength": -17.934644, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.495488, "energy": 71.079696, "activity_lines": [ 8.070667, 8.874818, 10.530071, 10.800548 ] }, { "date": "2024-07-05", "close": 7.28, "volume": 25087845, "typical_volume": 39710349.8, "trend": 10.571833, "fair_value": 11.576827, "relative_strength": -27.710042, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.442386, "energy": 70.50687, "activity_lines": [ 7.774, 8.428727, 10.101048, 10.590065 ] }, { "date": "2024-07-12", "close": 8.73, "volume": 33814982, "typical_volume": 32869206.7, "trend": 10.6035, "fair_value": 11.488622, "relative_strength": -12.831615, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.974657, "energy": 56.359445, "activity_lines": [ 8.067333, 8.325545, 9.819024, 10.471237 ] }, { "date": "2024-07-19", "close": 7.96, "volume": 29820715, "typical_volume": 30980260.5, "trend": 10.590833, "fair_value": 11.391891, "relative_strength": -16.94471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.058959, "energy": 51.007112, "activity_lines": [ 8.040667, 8.171455, 9.49719, 10.300688 ] }, { "date": "2024-07-26", "close": 9.25, "volume": 27077555, "typical_volume": 29982652.8, "trend": 10.628167, "fair_value": 11.308429, "relative_strength": -1.028252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.253408, "energy": 36.920945, "activity_lines": [ 8.457333, 8.306545, 9.340262, 10.214183 ] }, { "date": "2024-08-02", "close": 7.79, "volume": 35825662, "typical_volume": 29445586.55, "trend": 10.6055, "fair_value": 11.207468, "relative_strength": -13.825041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.100076, "energy": 35.696215, "activity_lines": [ 8.304667, 8.194182, 9.075, 10.031075 ] }, { "date": "2024-08-09", "close": 9.92, "volume": 54749915, "typical_volume": 30744179.9, "trend": 10.635833, "fair_value": 11.131506, "relative_strength": 9.06092, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.321016, "energy": 24.358252, "activity_lines": [ 8.877333, 8.509455, 9.041738, 9.986849 ] }, { "date": "2024-08-16", "close": 10.5, "volume": 36510156, "typical_volume": 31570939.25, "trend": 10.7265, "fair_value": 11.063109, "relative_strength": 8.931954, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.636462, "energy": 20.76554, "activity_lines": [ 9.467333, 8.911273, 9.088, 9.978086 ] }, { "date": "2024-08-23", "close": 11.87, "volume": 34637972, "typical_volume": 32229984.95, "trend": 10.869167, "fair_value": 10.988494, "relative_strength": 20.984973, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 10.88971, "energy": 23.077319, "activity_lines": [ 10.396, 9.512727, 9.28531, 10.05186 ] }, { "date": "2024-08-30", "close": 11.66, "volume": 23738979, "typical_volume": 32277918.6, "trend": 10.9945, "fair_value": 10.90234, "relative_strength": 18.871411, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 11.555807, "energy": 31.825098, "activity_lines": [ 10.994, 10.008545, 9.470524, 10.102882 ] }, { "date": "2024-09-06", "close": 10.01, "volume": 20812001, "typical_volume": 32124174.0, "trend": 11.022167, "fair_value": 10.820545, "relative_strength": 7.696333, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.28038, "energy": 24.513319, "activity_lines": [ 10.881333, 10.138, 9.501929, 10.039366 ] }, { "date": "2024-09-13", "close": 10.34, "volume": 39461776, "typical_volume": 33341231.2, "trend": 11.061833, "fair_value": 10.723558, "relative_strength": 4.289125, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.011907, "energy": 20.703937, "activity_lines": [ 10.730667, 10.291273, 9.570952, 9.995355 ] }, { "date": "2024-09-20", "close": 10.15, "volume": 26705748, "typical_volume": 33516423.05, "trend": 10.8745, "fair_value": 10.628622, "relative_strength": 0.186516, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.901201, "energy": 11.686508, "activity_lines": [ 10.488667, 10.354364, 9.628071, 9.936527 ] }, { "date": "2024-09-27", "close": 9.61, "volume": 19875750, "typical_volume": 32657981.65, "trend": 10.635167, "fair_value": 10.521314, "relative_strength": -6.708548, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.127766, "energy": 14.676794, "activity_lines": [ 10.09, 10.293455, 9.650333, 9.854946 ] }, { "date": "2024-10-04", "close": 10.46, "volume": 19951023, "typical_volume": 32016620.55, "trend": 10.4605, "fair_value": 10.419006, "relative_strength": 0.482791, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.654837, "energy": 12.487121, "activity_lines": [ 10.125333, 10.357091, 9.76, 9.843645 ] }, { "date": "2024-10-11", "close": 9.74, "volume": 19442743, "typical_volume": 31682684.4, "trend": 10.3215, "fair_value": 10.310865, "relative_strength": -8.382371, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.147196, "energy": 12.216995, "activity_lines": [ 10.000667, 10.267818, 9.800048, 9.797161 ] }, { "date": "2024-10-18", "close": 10.24, "volume": 28575245, "typical_volume": 31752014.35, "trend": 10.162167, "fair_value": 10.21234, "relative_strength": -4.851055, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.434866, "energy": 5.182113, "activity_lines": [ 10.060667, 10.234, 9.889, 9.791903 ] }, { "date": "2024-10-25", "close": 10.67, "volume": 24249291, "typical_volume": 30952375.15, "trend": 10.023833, "fair_value": 10.124904, "relative_strength": -2.007226, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.222575, "energy": 9.040911, "activity_lines": [ 10.270667, 10.272545, 10.012429, 9.824667 ] }, { "date": "2024-11-01", "close": 11.19, "volume": 22701998, "typical_volume": 30019976.1, "trend": 9.945833, "fair_value": 10.036378, "relative_strength": 3.398098, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.913484, "energy": 23.291473, "activity_lines": [ 10.619333, 10.402545, 10.171619, 9.899903 ] }, { "date": "2024-11-08", "close": 10.585, "volume": 57235293, "typical_volume": 31301198.15, "trend": 9.886667, "fair_value": 9.969167, "relative_strength": -8.071587, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.201808, "energy": 34.786579, "activity_lines": [ 10.661, 10.434909, 10.258762, 9.94114 ] }, { "date": "2024-11-15", "close": 8.18, "volume": 51726802, "typical_volume": 31600072.55, "trend": 9.782333, "fair_value": 9.900897, "relative_strength": -26.652806, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": -0.772851, "energy": 2.161519, "activity_lines": [ 9.892667, 10.049545, 10.104595, 9.831032 ] }, { "date": "2024-11-22", "close": 8.55, "volume": 44639021, "typical_volume": 32577631.35, "trend": 9.679333, "fair_value": 9.837115, "relative_strength": -24.857334, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.306927, "energy": 22.006079, "activity_lines": [ 9.351667, 9.764727, 9.984905, 9.751527 ] }, { "date": "2024-11-29", "close": 9.32, "volume": 23955903, "typical_volume": 32084677.4, "trend": 9.535667, "fair_value": 9.790769, "relative_strength": -18.871861, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.098795, "energy": 19.804192, "activity_lines": [ 9.18, 9.652455, 9.9325, 9.728344 ] }, { "date": "2024-12-06", "close": 9.03, "volume": 20412041, "typical_volume": 31614243.7, "trend": 9.471167, "fair_value": 9.730256, "relative_strength": -23.942283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.181067, "energy": 28.974807, "activity_lines": [ 9.001667, 9.502545, 9.849667, 9.69572 ] }, { "date": "2024-12-13", "close": 7.83, "volume": 25229010, "typical_volume": 31521816.45, "trend": 9.390833, "fair_value": 9.655577, "relative_strength": -34.297227, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.011712, "energy": 47.084854, "activity_lines": [ 8.567333, 9.145, 9.647452, 9.589839 ] }, { "date": "2024-12-20", "close": 7.38, "volume": 37382023, "typical_volume": 31599634.5, "trend": 9.303167, "fair_value": 9.573654, "relative_strength": -36.312926, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.931145, "energy": 52.130208, "activity_lines": [ 8.166667, 8.753455, 9.409143, 9.460108 ] }, { "date": "2024-12-27", "close": 7.37, "volume": 24412721, "typical_volume": 30082774.8, "trend": 9.252833, "fair_value": 9.498526, "relative_strength": -36.655143, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.617631, "energy": 57.316481, "activity_lines": [ 7.816, 8.403, 9.171833, 9.335387 ] }, { "date": "2025-01-03", "close": 7.65, "volume": 32405604, "typical_volume": 29877547.2, "trend": 9.2485, "fair_value": 9.443205, "relative_strength": -33.356928, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.771374, "energy": 65.557517, "activity_lines": [ 7.637333, 8.155636, 8.973333, 9.231978 ] }, { "date": "2025-01-10", "close": 6.4, "volume": 40285243, "typical_volume": 30159910.75, "trend": 9.189833, "fair_value": 9.384936, "relative_strength": -42.519293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.317821, "energy": 73.429065, "activity_lines": [ 7.153333, 7.735909, 8.669357, 9.048204 ] }, { "date": "2025-01-17", "close": 5.91, "volume": 57553428, "typical_volume": 31850633.2, "trend": 9.119833, "fair_value": 9.333333, "relative_strength": -48.070434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.922557, "energy": 79.49087, "activity_lines": [ 6.681333, 7.314182, 8.344762, 8.836602 ] }, { "date": "2025-01-24", "close": 6.25, "volume": 33742527, "typical_volume": 32497159.5, "trend": 9.060833, "fair_value": 9.276987, "relative_strength": -45.603029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.907788, "energy": 76.801601, "activity_lines": [ 6.450667, 7.039273, 8.079929, 8.651452 ] }, { "date": "2025-01-31", "close": 5.85, "volume": 38617191, "typical_volume": 32454930.25, "trend": 9.013167, "fair_value": 9.212756, "relative_strength": -48.031535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.636585, "energy": 79.599181, "activity_lines": [ 6.162, 6.726727, 7.794905, 8.444301 ] }, { "date": "2025-02-07", "close": 5.69, "volume": 32436344, "typical_volume": 32741460.05, "trend": 8.911833, "fair_value": 9.141218, "relative_strength": -49.047902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.688937, "energy": 84.440904, "activity_lines": [ 5.921333, 6.434182, 7.516024, 8.229903 ] }, { "date": "2025-02-14", "close": 5.57, "volume": 42180502, "typical_volume": 33856697.65, "trend": 8.832167, "fair_value": 9.074359, "relative_strength": -51.047965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.370422, "energy": 86.178963, "activity_lines": [ 5.771333, 6.185818, 7.246952, 8.014301 ] }, { "date": "2025-02-21", "close": 5.78, "volume": 30181900, "typical_volume": 34368241.5, "trend": 8.7165, "fair_value": 9.011731, "relative_strength": -46.811429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.300959, "energy": 80.631043, "activity_lines": [ 5.746667, 6.038545, 7.017119, 7.817387 ] }, { "date": "2025-02-28", "close": 4.235, "volume": 87089935, "typical_volume": 37750601.1, "trend": 8.598, "fair_value": 8.955737, "relative_strength": -58.513264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.348823, "energy": 87.456497, "activity_lines": [ 5.215667, 5.647636, 6.662429, 7.528258 ] }, { "date": "2025-03-07", "close": 3.75, "volume": 68513456, "typical_volume": 39747511.65, "trend": 8.392333, "fair_value": 8.895288, "relative_strength": -60.981957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.92356, "energy": 86.435714, "activity_lines": [ 4.657333, 5.225727, 6.287762, 7.215484 ] }, { "date": "2025-03-14", "close": 3.59, "volume": 42568702, "typical_volume": 40663482.2, "trend": 8.162, "fair_value": 8.815224, "relative_strength": -60.745603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.32759, "energy": 88.634964, "activity_lines": [ 4.185667, 4.840545, 5.928762, 6.905656 ] }, { "date": "2025-03-21", "close": 3.54, "volume": 39386619, "typical_volume": 41497713.25, "trend": 7.884333, "fair_value": 8.728942, "relative_strength": -60.329326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.347382, "energy": 90.274121, "activity_lines": [ 3.837333, 4.520091, 5.598714, 6.607462 ] }, { "date": "2025-03-28", "close": 3.56, "volume": 39225153, "typical_volume": 40597206.25, "trend": 7.614333, "fair_value": 8.642083, "relative_strength": -58.02358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.088364, "energy": 87.340837, "activity_lines": [ 3.631, 4.255273, 5.307, 6.328473 ] }, { "date": "2025-04-04", "close": 3.0, "volume": 52038059, "typical_volume": 40612769.1, "trend": 7.380667, "fair_value": 8.543814, "relative_strength": -59.735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.193174, "energy": 89.526444, "activity_lines": [ 3.386, 3.931364, 4.995405, 6.030774 ] }, { "date": "2025-04-11", "close": 3.3, "volume": 62498005, "typical_volume": 41505718.3, "trend": 7.146, "fair_value": 8.452019, "relative_strength": -57.830093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.928071, "energy": 77.861125, "activity_lines": [ 3.323333, 3.721091, 4.737048, 5.767505 ] }, { "date": "2025-04-18", "close": 3.06, "volume": 34249750, "typical_volume": 42020410.65, "trend": 6.909667, "fair_value": 8.36734, "relative_strength": -59.050322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.814245, "energy": 68.790952, "activity_lines": [ 3.210667, 3.513545, 4.480833, 5.503892 ] }, { "date": "2025-04-25", "close": 3.51, "volume": 46173227, "typical_volume": 43308469.95, "trend": 6.706333, "fair_value": 8.292724, "relative_strength": -54.838124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.95044, "energy": 65.218486, "activity_lines": [ 3.283333, 3.435636, 4.297286, 5.284559 ] }, { "date": "2025-05-02", "close": 3.5, "volume": 40463364, "typical_volume": 44070187.65, "trend": 6.474333, "fair_value": 8.222468, "relative_strength": -55.190952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.303861, "energy": 61.810039, "activity_lines": [ 3.354667, 3.393364, 4.139071, 5.077699 ] }, { "date": "2025-05-09", "close": 1.75, "volume": 168623796, "typical_volume": 50632276.3, "trend": 6.208, "fair_value": 8.143494, "relative_strength": -76.963546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.631566, "energy": 71.292917, "activity_lines": [ 2.846667, 3.074364, 3.83481, 4.772903 ] }, { "date": "2025-05-16", "close": 1.66, "volume": 112838350, "typical_volume": 55053557.75, "trend": 5.922, "fair_value": 8.055224, "relative_strength": -79.045739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.685586, "energy": 71.504131, "activity_lines": [ 2.392, 2.784182, 3.548786, 4.479484 ] }, { "date": "2025-05-23", "close": 1.78, "volume": 57093181, "typical_volume": 56287936.6, "trend": 5.625667, "fair_value": 8.021635, "relative_strength": -76.43788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.698594, "energy": 71.668771, "activity_lines": [ 2.086667, 2.553818, 3.301381, 4.212258 ] }, { "date": "2025-05-30", "close": 1.75, "volume": 45670753, "typical_volume": 56557212.1, "trend": 5.311, "fair_value": 7.982532, "relative_strength": -76.780264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.291396, "energy": 89.025005, "activity_lines": [ 1.856667, 2.350909, 3.079071, 3.962215 ] }, { "date": "2025-06-06", "close": 2.05, "volume": 52118656, "typical_volume": 56285473.5, "trend": 5.0265, "fair_value": 7.942468, "relative_strength": -72.886339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.877572, "energy": 87.160328, "activity_lines": [ 1.844, 2.235091, 2.907476, 3.751828 ] }, { "date": "2025-06-13", "close": 2.24, "volume": 78820663, "typical_volume": 58539380.3, "trend": 4.8285, "fair_value": 7.900673, "relative_strength": -69.680536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.983965, "energy": 74.333941, "activity_lines": [ 1.991333, 2.181273, 2.772357, 3.572054 ] }, { "date": "2025-06-20", "close": 1.98, "volume": 40096170, "typical_volume": 58613329.25, "trend": 4.6095, "fair_value": 7.847019, "relative_strength": -72.705532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.553675, "energy": 63.599278, "activity_lines": [ 2.019333, 2.094, 2.631571, 3.38828 ] }, { "date": "2025-06-27", "close": 1.69, "volume": 59684652, "typical_volume": 59975744.65, "trend": 4.355167, "fair_value": 7.784327, "relative_strength": -77.194301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.104247, "energy": 64.273815, "activity_lines": [ 1.929333, 1.978, 2.481595, 3.199925 ] }, { "date": "2025-07-04", "close": 1.75, "volume": 28009395, "typical_volume": 59267189.3, "trend": 4.1125, "fair_value": 7.715288, "relative_strength": -76.339141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.317023, "energy": 62.824693, "activity_lines": [ 1.865333, 1.897818, 2.356381, 3.031849 ] }, { "date": "2025-07-11", "close": 1.87, "volume": 60767855, "typical_volume": 60796487.05, "trend": 3.913833, "fair_value": 7.645224, "relative_strength": -74.08609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.805442, "energy": 60.769648, "activity_lines": [ 1.841333, 1.871455, 2.260786, 2.887172 ] }, { "date": "2025-07-18", "close": 2.23, "volume": 121014714, "typical_volume": 62492726.0, "trend": 3.742167, "fair_value": 7.584006, "relative_strength": -68.894808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.242562, "energy": 48.934708, "activity_lines": [ 1.949333, 1.940182, 2.218095, 2.778538 ] }, { "date": "2025-07-25", "close": 3.13, "volume": 250534527, "typical_volume": 71593779.55, "trend": 3.600833, "fair_value": 7.529391, "relative_strength": -55.765082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.309575, "energy": 16.94052, "activity_lines": [ 2.358, 2.163818, 2.270667, 2.739043 ] }, { "date": "2025-08-01", "close": 2.68, "volume": 87222110, "typical_volume": 73826449.95, "trend": 3.435167, "fair_value": 7.468494, "relative_strength": -60.503546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.547692, "energy": 21.537855, "activity_lines": [ 2.54, 2.278909, 2.283333, 2.679634 ] }, { "date": "2025-08-08", "close": 2.11, "volume": 104154412, "typical_volume": 77064839.6, "trend": 3.292167, "fair_value": 7.400865, "relative_strength": -69.127277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.92119, "energy": 21.82745, "activity_lines": [ 2.466, 2.274, 2.246048, 2.59414 ] }, { "date": "2025-08-15", "close": 2.55, "volume": 67731623, "typical_volume": 78490163.1, "trend": 3.180167, "fair_value": 7.340288, "relative_strength": -61.76887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.848618, "energy": 17.14883, "activity_lines": [ 2.514667, 2.342545, 2.257476, 2.546258 ] }, { "date": "2025-08-22", "close": 2.69, "volume": 77680090, "typical_volume": 79772264.65, "trend": 3.0615, "fair_value": 7.287019, "relative_strength": -57.877427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.560348, "energy": 8.975224, "activity_lines": [ 2.564667, 2.427455, 2.287048, 2.514634 ] }, { "date": "2025-08-29", "close": 2.23, "volume": 48002712, "typical_volume": 79047500.0, "trend": 2.940833, "fair_value": 7.230929, "relative_strength": -63.689261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.512308, "energy": 10.776266, "activity_lines": [ 2.430667, 2.420545, 2.274286, 2.460989 ] }, { "date": "2025-09-05", "close": 2.49, "volume": 38720090, "typical_volume": 79271017.0, "trend": 2.834167, "fair_value": 7.175096, "relative_strength": -58.511996, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.273587, "energy": 9.927501, "activity_lines": [ 2.443333, 2.456364, 2.291381, 2.431903 ] }, { "date": "2025-09-12", "close": 2.27, "volume": 48764607, "typical_volume": 79400586.0, "trend": 2.724167, "fair_value": 7.12016, "relative_strength": -61.584301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.486253, "energy": 13.143816, "activity_lines": [ 2.395333, 2.437636, 2.290238, 2.395505 ] }, { "date": "2025-09-19", "close": 2.05, "volume": 58936237, "typical_volume": 80324229.65, "trend": 2.599833, "fair_value": 7.070545, "relative_strength": -64.851743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.168887, "energy": 21.307351, "activity_lines": [ 2.263333, 2.369455, 2.274048, 2.352011 ] }, { "date": "2025-09-26", "close": 2.11, "volume": 43648314, "typical_volume": 74075455.55, "trend": 2.529, "fair_value": 7.02266, "relative_strength": -62.450997, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.028505, "energy": 21.066577, "activity_lines": [ 2.184667, 2.308909, 2.270476, 2.320409 ] }, { "date": "2025-10-03", "close": 2.34, "volume": 40818382, "typical_volume": 70474457.15, "trend": 2.482, "fair_value": 6.975032, "relative_strength": -57.314854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.583095, "energy": 18.835488, "activity_lines": [ 2.221333, 2.292364, 2.287095, 2.308215 ] }, { "date": "2025-10-10", "close": 2.1, "volume": 68040446, "typical_volume": 71021820.4, "trend": 2.432333, "fair_value": 6.931763, "relative_strength": -59.405024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.653963, "energy": 24.435608, "activity_lines": [ 2.170667, 2.246545, 2.277619, 2.28357 ] }, { "date": "2025-10-17", "close": 2.18, "volume": 53699481, "typical_volume": 71423256.8, "trend": 2.387, "fair_value": 6.886571, "relative_strength": -57.253288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.245279, "energy": 18.293883, "activity_lines": [ 2.172667, 2.225818, 2.274238, 2.26729 ] }, { "date": "2025-10-24", "close": 2.25, "volume": 66616408, "typical_volume": 72148144.4, "trend": 2.343333, "fair_value": 6.838494, "relative_strength": -54.975555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.05384, "energy": 15.238351, "activity_lines": [ 2.204, 2.216545, 2.275476, 2.258452 ] }, { "date": "2025-10-31", "close": 1.97, "volume": 67729255, "typical_volume": 71593574.0, "trend": 2.309, "fair_value": 6.794071, "relative_strength": -59.405708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.214735, "energy": 31.726054, "activity_lines": [ 2.128667, 2.161818, 2.249095, 2.234366 ] }, { "date": "2025-11-07", "close": 2.3, "volume": 197906094, "typical_volume": 79484070.2, "trend": 2.275667, "fair_value": 6.751891, "relative_strength": -48.9492, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.659717, "energy": 16.183771, "activity_lines": [ 2.172667, 2.180182, 2.255429, 2.233785 ] }, { "date": "2025-11-14", "close": 2.47, "volume": 93128496, "typical_volume": 81156262.4, "trend": 2.256, "fair_value": 6.725288, "relative_strength": -43.249781, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.708396, "energy": 7.462244, "activity_lines": [ 2.276, 2.228182, 2.276429, 2.246323 ] }, { "date": "2025-11-21", "close": 2.24, "volume": 55384534, "typical_volume": 82525019.35, "trend": 2.213667, "fair_value": 6.700032, "relative_strength": -44.940422, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.969897, "energy": 12.727163, "activity_lines": [ 2.278, 2.234727, 2.27181, 2.24529 ] }, { "date": "2025-11-28", "close": 2.47, "volume": 35712580, "typical_volume": 81272255.6, "trend": 2.179333, "fair_value": 6.672019, "relative_strength": -39.728309, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.853032, "energy": 26.103705, "activity_lines": [ 2.352667, 2.283636, 2.286762, 2.261828 ] }, { "date": "2025-12-05", "close": 2.2, "volume": 42786751, "typical_volume": 77360857.45, "trend": 2.194333, "fair_value": 6.641763, "relative_strength": -44.643492, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.568558, "energy": 20.878935, "activity_lines": [ 2.322667, 2.275818, 2.273143, 2.263161 ] }, { "date": "2025-12-12", "close": 2.2, "volume": 52122284, "typical_volume": 67440245.3, "trend": 2.212333, "fair_value": 6.614391, "relative_strength": -41.584155, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 25.133062, "energy": 10.122226, "activity_lines": [ 2.277333, 2.266364, 2.259667, 2.263527 ] }, { "date": "2025-12-19", "close": 2.48, "volume": 87121428, "typical_volume": 67435211.2, "trend": 2.235667, "fair_value": 6.591058, "relative_strength": -32.334718, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.766315, "energy": 21.002987, "activity_lines": [ 2.332, 2.310364, 2.277286, 2.280796 ] }, { "date": "2025-12-26", "close": 2.85, "volume": 42040901, "typical_volume": 64329535.65, "trend": 2.272333, "fair_value": 6.568365, "relative_strength": -20.728182, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.389989, "energy": 44.027582, "activity_lines": [ 2.509333, 2.414727, 2.331095, 2.32043 ] }, { "date": "2026-01-02", "close": 2.52, "volume": 44207104, "typical_volume": 63153309.7, "trend": 2.288, "fair_value": 6.54375, "relative_strength": -26.030631, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.367071, "energy": 43.626818, "activity_lines": [ 2.536, 2.446909, 2.349952, 2.336409 ] }, { "date": "2026-01-09", "close": 2.45, "volume": 57306228, "typical_volume": 62134616.6, "trend": 2.295, "fair_value": 6.51875, "relative_strength": -27.434984, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.5862, "energy": 46.71616, "activity_lines": [ 2.536, 2.461455, 2.362286, 2.34686 ] }, { "date": "2026-01-16", "close": 2.36, "volume": 67474617, "typical_volume": 63108211.85, "trend": 2.307667, "fair_value": 6.493686, "relative_strength": -27.532121, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.159692, "energy": 35.450967, "activity_lines": [ 2.489333, 2.450909, 2.36719, 2.351054 ] }, { "date": "2026-01-23", "close": 2.64, "volume": 51845837, "typical_volume": 63764499.2, "trend": 2.339333, "fair_value": 6.458301, "relative_strength": -16.798278, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.59322, "energy": 25.860607, "activity_lines": [ 2.525333, 2.490182, 2.398143, 2.372495 ] }, { "date": "2026-01-30", "close": 2.55, "volume": 64724455, "typical_volume": 64562491.6, "trend": 2.366, "fair_value": 6.423494, "relative_strength": -17.290975, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.819161, "energy": 22.585719, "activity_lines": [ 2.520667, 2.51, 2.41981, 2.386086 ] }, { "date": "2026-02-06", "close": 2.53, "volume": 56020477, "typical_volume": 64416703.6, "trend": 2.388, "fair_value": 6.392532, "relative_strength": -14.032013, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.308471, "energy": 22.465788, "activity_lines": [ 2.529333, 2.520545, 2.438238, 2.396667 ] }, { "date": "2026-02-13", "close": 2.57, "volume": 34627126, "typical_volume": 63965644.2, "trend": 2.399333, "fair_value": 6.361891, "relative_strength": -9.336406, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.202428, "energy": 27.361859, "activity_lines": [ 2.550667, 2.537273, 2.45819, 2.408409 ] }, { "date": "2026-02-20", "close": 2.87, "volume": 31582804, "typical_volume": 63503865.3, "trend": 2.390667, "fair_value": 6.335417, "relative_strength": 2.756304, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.899547, "energy": 45.284543, "activity_lines": [ 2.664, 2.601818, 2.504524, 2.438774 ] }, { "date": "2026-02-27", "close": 3.86, "volume": 169351283, "typical_volume": 68569407.15, "trend": 2.43, "fair_value": 6.313045, "relative_strength": 39.730652, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.820013, "energy": 76.622819, "activity_lines": [ 3.073333, 2.834182, 2.642619, 2.53357 ] }, { "date": "2026-03-06", "close": 5.13, "volume": 119930508, "typical_volume": 71880958.5, "trend": 2.530667, "fair_value": 6.306122, "relative_strength": 87.333908, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.293568, "energy": 93.12795, "activity_lines": [ 3.824667, 3.272364, 2.893286, 2.707763 ] }, { "date": "2026-03-13", "close": 3.96, "volume": 113960463, "typical_volume": 74248161.25, "trend": 2.577667, "fair_value": 6.290096, "relative_strength": 46.603515, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.107371, "energy": 80.587697, "activity_lines": [ 4.014, 3.456364, 3.018476, 2.799978 ] }, { "date": "2026-03-20", "close": 3.69, "volume": 72895490, "typical_volume": 74506473.0, "trend": 2.611, "fair_value": 6.278301, "relative_strength": 39.971234, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.666356, "energy": 78.904025, "activity_lines": [ 4.018, 3.565091, 3.10981, 2.871742 ] }, { "date": "2026-03-27", "close": 3.51, "volume": 47405600, "typical_volume": 66981448.3, "trend": 2.653667, "fair_value": 6.261635, "relative_strength": 38.397309, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.550497, "energy": 62.079448, "activity_lines": [ 3.887333, 3.618545, 3.17581, 2.929742 ] }, { "date": "2026-04-03", "close": 3.43, "volume": 37981073, "typical_volume": 64224077.15, "trend": 2.685, "fair_value": 6.245609, "relative_strength": 30.771799, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.58095, "energy": 36.184173, "activity_lines": [ 3.687333, 3.636545, 3.228429, 2.979828 ] }, { "date": "2026-04-10", "close": 3.7, "volume": 106470384, "typical_volume": 66778369.65, "trend": 2.732667, "fair_value": 6.233173, "relative_strength": 35.766263, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.0292, "energy": 25.325768, "activity_lines": [ 3.606, 3.689273, 3.30219, 3.045312 ] }, { "date": "2026-04-17", "close": 3.86, "volume": 65803081, "typical_volume": 68282894.7, "trend": 2.793, "fair_value": 6.221314, "relative_strength": 33.953093, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.72014, "energy": 25.910815, "activity_lines": [ 3.673333, 3.750182, 3.384238, 3.118043 ] }, { "date": "2026-04-24", "close": 3.44, "volume": 69949997, "typical_volume": 69641057.0, "trend": 2.837333, "fair_value": 6.207212, "relative_strength": 17.96641, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.579146, "energy": 22.428696, "activity_lines": [ 3.607333, 3.710545, 3.419667, 3.159785 ] }, { "date": "2026-05-01", "close": 3.4, "volume": 56807008, "typical_volume": 69875293.2, "trend": 2.872667, "fair_value": 6.185096, "relative_strength": 15.905978, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.120661, "energy": 21.100502, "activity_lines": [ 3.544667, 3.647818, 3.445381, 3.196086 ] }, { "date": "2026-05-08", "close": 3.62, "volume": 119673390, "typical_volume": 71502891.3, "trend": 2.923333, "fair_value": 6.160417, "relative_strength": 16.206651, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.265236, "energy": 19.722397, "activity_lines": [ 3.562667, 3.615455, 3.486333, 3.244301 ] }, { "date": "2026-05-15", "close": 3.45, "volume": 68387807, "typical_volume": 72820236.6, "trend": 2.965667, "fair_value": 6.135353, "relative_strength": 10.299178, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.764497, "energy": 15.506071, "activity_lines": [ 3.511333, 3.556545, 3.505667, 3.27828 ] }, { "date": "2026-05-22", "close": 4.11, "volume": 61387643, "typical_volume": 73679263.55, "trend": 3.027667, "fair_value": 6.113301, "relative_strength": 28.579251, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.988598, "energy": 26.894786, "activity_lines": [ 3.696667, 3.648182, 3.585, 3.352108 ] }, { "date": "2026-05-29", "close": 4.1, "volume": 53945921, "typical_volume": 73511248.2, "trend": 3.098667, "fair_value": 6.083173, "relative_strength": 23.501326, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.597125, "energy": 32.574473, "activity_lines": [ 3.862, 3.735273, 3.65581, 3.42129 ] }, { "date": "2026-06-05", "close": 4.23, "volume": 79137567, "typical_volume": 74094395.7, "trend": 3.163, "fair_value": 6.059712, "relative_strength": 32.22907, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.992277, "energy": 50.183267, "activity_lines": [ 4.026667, 3.838545, 3.731143, 3.49428 ] }, { "date": "2026-06-12", "close": 4.08, "volume": 53919501, "typical_volume": 74198078.9, "trend": 3.216667, "fair_value": 6.033814, "relative_strength": 23.93168, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.886669, "energy": 58.714597, "activity_lines": [ 4.086, 3.901455, 3.783286, 3.553441 ] }, { "date": "2026-06-19", "close": 3.91, "volume": 56586011, "typical_volume": 73791156.7, "trend": 3.272333, "fair_value": 6.007147, "relative_strength": 14.946091, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.517964, "energy": 50.518512, "activity_lines": [ 4.058, 3.921636, 3.812381, 3.598172 ] }, { "date": "2026-06-26", "close": 4.25, "volume": 77940810, "typical_volume": 74887173.35, "trend": 3.331667, "fair_value": 5.989263, "relative_strength": 29.24864, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.148494, "energy": 43.981158, "activity_lines": [ 4.112667, 3.999818, 3.867381, 3.661247 ] }, { "date": "2026-07-03", "close": 4.31, "volume": 62850323, "typical_volume": 76298333.2, "trend": 3.402, "fair_value": 5.970481, "relative_strength": 28.421226, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.153611, "energy": 35.515169, "activity_lines": [ 4.178, 4.081818, 3.919905, 3.724366 ] }, { "date": "2026-07-10", "close": 4.23, "volume": 58400814, "typical_volume": 77639233.7, "trend": 3.469667, "fair_value": 5.947853, "relative_strength": 22.571732, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.693955, "energy": 34.318611, "activity_lines": [ 4.202667, 4.133455, 3.956524, 3.777785 ] }, { "date": "2026-07-17", "close": 5.0, "volume": 122064045, "typical_volume": 75274871.8, "trend": 3.553667, "fair_value": 5.930737, "relative_strength": 49.239817, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.141026, "energy": 54.438598, "activity_lines": [ 4.484, 4.31, 4.06, 3.876516 ] }, { "date": "2026-07-24", "close": 4.99, "volume": 70039863, "typical_volume": 72780339.55, "trend": 3.625, "fair_value": 5.916571, "relative_strength": 50.310055, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.454639, "energy": 62.442581, "activity_lines": [ 4.700667, 4.459636, 4.157095, 3.969183 ] }, { "date": "2026-07-31", "close": 4.07, "volume": 71612325, "typical_volume": 70662932.65, "trend": 3.676667, "fair_value": 5.89625, "relative_strength": 21.417747, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.416867, "energy": 38.658852, "activity_lines": [ 4.538667, 4.414, 4.167238, 3.997892 ] }, { "date": "2026-08-07", "close": 6.34, "volume": 143700799, "typical_volume": 74203198.1, "trend": 3.806333, "fair_value": 5.891635, "relative_strength": 76.431673, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.688865, "energy": 68.873602, "activity_lines": [ 5.145333, 4.781818, 4.393048, 4.16972 ] } ], "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." } } }