{
  "ticker": {
    "uuid": "9685915f-6829-407a-9ddd-41ae19c63595",
    "symbol": "BEYOND",
    "name": "Beyond Frames Entertainment AB",
    "exchange": "STO",
    "country": "SE",
    "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": "^OMX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -73.077,
    "architecture_energy": 88.635,
    "architecture_maturity": 100.0,
    "architecture_confidence": 96,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 0.0,
        "rotation_up": 26.26,
        "upward_expansion": 21.76,
        "deceleration": 37.08,
        "rotation_down": 66.11,
        "downward_expansion": 99.76
      },
      "activity_lines": [
        1.713333,
        1.999545,
        2.635167,
        3.433925
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -1.0
    },
    "latest_close": 1.63,
    "trend_reference": 4.552833,
    "distance_from_trend": -0.641981,
    "trend_direction": "Weakening",
    "fair_value": 12.812276,
    "distance_from_fair_value": -0.872778,
    "fair_value_direction": "Weakening",
    "relative_strength": -77.388051,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.794192,
    "excess_performance": -0.855686,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.641981,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.283056,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.872778,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.080675,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.773881,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.086905,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.794192,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.263187,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 120473,
      "relative_activity": 1.786373,
      "balance": 0.263187,
      "dry_up": 1.331313,
      "accumulation_observations": 1,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.329637,
      "annualized_volatility": 1.022091,
      "from_high_reference": -0.850459,
      "from_low_reference": 0.090301
    },
    "levels": {
      "trend_reference": 4.552833,
      "fair_value_reference": 12.812276,
      "structural_low": 1.495,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 38,
        "median_return": -0.063645,
        "positive_rate": 0.263158,
        "directional_follow_through": 0.736842,
        "median_excess_return": -0.067985,
        "regime_survival": 0.921053,
        "best_return": 0.402954,
        "worst_return": -0.438182,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.199863,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.214959,
        "regime_survival": 0.75,
        "best_return": 0.847619,
        "worst_return": -0.535985,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.34354,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.282723,
        "regime_survival": 0.666667,
        "best_return": 1.180685,
        "worst_return": -0.590213,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.293785,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.269158,
        "regime_survival": 0.333333,
        "best_return": 1.440291,
        "worst_return": -0.701858,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-04-28",
        "end": "2023-05-19",
        "tenure": "New",
        "return": 0.214789,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-05-26",
        "end": "2023-07-28",
        "tenure": "Developing",
        "return": 0.113402,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-08-04",
        "end": "2023-11-10",
        "tenure": "Established",
        "return": -0.038095,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-17",
        "end": "2023-12-08",
        "tenure": "New",
        "return": 0.150485,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-15",
        "end": "2024-01-05",
        "tenure": "New",
        "return": 0.146018,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-12",
        "end": "2024-03-01",
        "tenure": "Developing",
        "return": -0.087302,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-08",
        "end": "2024-06-21",
        "tenure": "Established",
        "return": -0.232759,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-28",
        "end": "2025-05-09",
        "tenure": "Extended",
        "return": -0.470057,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.303922,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-06-20",
        "tenure": "New",
        "return": -0.114943,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-27",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": -0.16,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-01",
        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.052,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-22",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.076617,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-03",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": -0.81929,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 22.4,
        "volume": 36259,
        "typical_volume": 73340.95,
        "trend": 16.057333,
        "fair_value": 24.131795,
        "relative_strength": 42.069981,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.987775,
        "energy": 30.089227,
        "activity_lines": [
          22.033333,
          22.105454,
          21.226428,
          19.007462
        ]
      },
      {
        "date": "2023-08-25",
        "close": 20.5,
        "volume": 62893,
        "typical_volume": 74337.25,
        "trend": 16.425667,
        "fair_value": 24.225385,
        "relative_strength": 30.413742,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.447241,
        "energy": 24.244136,
        "activity_lines": [
          21.546667,
          21.794545,
          21.341667,
          19.294086
        ]
      },
      {
        "date": "2023-09-01",
        "close": 20.6,
        "volume": 54119,
        "typical_volume": 75623.45,
        "trend": 16.791333,
        "fair_value": 24.318654,
        "relative_strength": 29.523483,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.359928,
        "energy": 22.011954,
        "activity_lines": [
          21.213333,
          21.532727,
          21.423571,
          19.563398
        ]
      },
      {
        "date": "2023-09-08",
        "close": 19.950001,
        "volume": 23099,
        "typical_volume": 68813.6,
        "trend": 17.123,
        "fair_value": 24.400705,
        "relative_strength": 26.571304,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.545453,
        "energy": 13.255802,
        "activity_lines": [
          20.73,
          21.174546,
          21.397857,
          19.767183
        ]
      },
      {
        "date": "2023-09-15",
        "close": 19.85,
        "volume": 17971,
        "typical_volume": 64363.85,
        "trend": 17.435333,
        "fair_value": 24.470577,
        "relative_strength": 25.383344,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.752748,
        "energy": 14.744947,
        "activity_lines": [
          20.283334,
          20.862727,
          21.328095,
          19.943118
        ]
      },
      {
        "date": "2023-09-22",
        "close": 20.799999,
        "volume": 31423,
        "typical_volume": 60795.4,
        "trend": 17.778667,
        "fair_value": 24.528269,
        "relative_strength": 33.460744,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.190373,
        "energy": 12.415069,
        "activity_lines": [
          20.33,
          20.799091,
          21.321905,
          20.160193
        ]
      },
      {
        "date": "2023-09-29",
        "close": 19.9,
        "volume": 31075,
        "typical_volume": 58390.95,
        "trend": 18.138667,
        "fair_value": 24.573141,
        "relative_strength": 28.884047,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.756379,
        "energy": 10.070895,
        "activity_lines": [
          20.183333,
          20.571818,
          21.202857,
          20.297054
        ]
      },
      {
        "date": "2023-10-06",
        "close": 19.35,
        "volume": 17025,
        "typical_volume": 54780.2,
        "trend": 18.475333,
        "fair_value": 24.611282,
        "relative_strength": 25.780555,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.742179,
        "energy": 8.75532,
        "activity_lines": [
          19.893333,
          20.288182,
          21.009762,
          20.375204
        ]
      },
      {
        "date": "2023-10-13",
        "close": 19.1,
        "volume": 31653,
        "typical_volume": 51586.8,
        "trend": 18.847667,
        "fair_value": 24.638846,
        "relative_strength": 22.388793,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.273308,
        "energy": 8.526307,
        "activity_lines": [
          19.603333,
          20.0,
          20.782857,
          20.415505
        ]
      },
      {
        "date": "2023-10-20",
        "close": 19.4,
        "volume": 33576,
        "typical_volume": 45518.4,
        "trend": 19.201,
        "fair_value": 24.662564,
        "relative_strength": 31.016579,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 1.96111,
        "energy": 11.52589,
        "activity_lines": [
          19.47,
          19.800909,
          20.585952,
          20.45114
        ]
      },
      {
        "date": "2023-10-27",
        "close": 19.5,
        "volume": 22403,
        "typical_volume": 43060.7,
        "trend": 19.491667,
        "fair_value": 24.692692,
        "relative_strength": 32.823008,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -23.112734,
        "energy": 19.782447,
        "activity_lines": [
          19.4,
          19.676364,
          20.416667,
          20.47043
        ]
      },
      {
        "date": "2023-11-03",
        "close": 18.200001,
        "volume": 30222,
        "typical_volume": 39937.75,
        "trend": 19.715,
        "fair_value": 24.708718,
        "relative_strength": 19.35692,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -32.45277,
        "energy": 27.868938,
        "activity_lines": [
          18.983334,
          19.368182,
          20.145,
          20.387097
        ]
      },
      {
        "date": "2023-11-10",
        "close": 20.200001,
        "volume": 40389,
        "typical_volume": 38562.9,
        "trend": 20.021667,
        "fair_value": 24.748462,
        "relative_strength": 32.368136,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -21.635284,
        "energy": 15.146284,
        "activity_lines": [
          19.346667,
          19.465455,
          20.082857,
          20.418387
        ]
      },
      {
        "date": "2023-11-17",
        "close": 20.6,
        "volume": 38837,
        "typical_volume": 38555.5,
        "trend": 20.285,
        "fair_value": 24.786282,
        "relative_strength": 29.180562,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.400927,
        "energy": 5.499178,
        "activity_lines": [
          19.786667,
          19.642728,
          20.066429,
          20.455699
        ]
      },
      {
        "date": "2023-11-24",
        "close": 22.299999,
        "volume": 59069,
        "typical_volume": 38702.95,
        "trend": 20.555,
        "fair_value": 24.840769,
        "relative_strength": 36.358435,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 14.940284,
        "energy": 11.399623,
        "activity_lines": [
          20.693333,
          20.117273,
          20.225714,
          20.585699
        ]
      },
      {
        "date": "2023-12-01",
        "close": 22.200001,
        "volume": 44575,
        "typical_volume": 37787.55,
        "trend": 20.791667,
        "fair_value": 24.892051,
        "relative_strength": 32.707578,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 17.432836,
        "energy": 19.717459,
        "activity_lines": [
          21.373334,
          20.529091,
          20.383572,
          20.691828
        ]
      },
      {
        "date": "2023-12-08",
        "close": 23.700001,
        "volume": 60160,
        "typical_volume": 38628.4,
        "trend": 21.07,
        "fair_value": 24.948462,
        "relative_strength": 35.845941,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 27.022277,
        "energy": 36.030399,
        "activity_lines": [
          22.373334,
          21.188182,
          20.677619,
          20.879463
        ]
      },
      {
        "date": "2023-12-15",
        "close": 22.6,
        "volume": 39192,
        "typical_volume": 39361.25,
        "trend": 21.248333,
        "fair_value": 24.962564,
        "relative_strength": 24.02744,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 19.031093,
        "energy": 38.424193,
        "activity_lines": [
          22.64,
          21.578182,
          20.860238,
          20.978172
        ]
      },
      {
        "date": "2023-12-22",
        "close": 23.0,
        "volume": 46285,
        "typical_volume": 40164.15,
        "trend": 21.368333,
        "fair_value": 24.976667,
        "relative_strength": 25.081798,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.934471,
        "energy": 41.735274,
        "activity_lines": [
          22.88,
          21.981818,
          21.076191,
          21.091183
        ]
      },
      {
        "date": "2023-12-29",
        "close": 24.4,
        "volume": 32441,
        "typical_volume": 37633.3,
        "trend": 21.408333,
        "fair_value": 24.999744,
        "relative_strength": 29.744705,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 39.533273,
        "energy": 48.582509,
        "activity_lines": [
          23.426667,
          22.569091,
          21.415953,
          21.286774
        ]
      },
      {
        "date": "2024-01-05",
        "close": 25.9,
        "volume": 35354,
        "typical_volume": 37588.05,
        "trend": 21.471667,
        "fair_value": 25.036282,
        "relative_strength": 39.150322,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 72.579871,
        "energy": 62.023055,
        "activity_lines": [
          24.333333,
          23.338182,
          21.889524,
          21.576559
        ]
      },
      {
        "date": "2024-01-12",
        "close": 25.200001,
        "volume": 46856,
        "typical_volume": 36786.2,
        "trend": 21.571667,
        "fair_value": 25.070256,
        "relative_strength": 32.286259,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.604846,
        "energy": 61.379034,
        "activity_lines": [
          24.76,
          23.863637,
          22.279762,
          21.817097
        ]
      },
      {
        "date": "2024-01-19",
        "close": 24.200001,
        "volume": 22738,
        "typical_volume": 35217.15,
        "trend": 21.651667,
        "fair_value": 25.097179,
        "relative_strength": 28.301662,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.149992,
        "energy": 56.88538,
        "activity_lines": [
          24.753334,
          24.08,
          22.552381,
          21.986667
        ]
      },
      {
        "date": "2024-01-26",
        "close": 24.9,
        "volume": 17783,
        "typical_volume": 34951.35,
        "trend": 21.698333,
        "fair_value": 25.115769,
        "relative_strength": 26.158817,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.044768,
        "energy": 51.842741,
        "activity_lines": [
          24.873334,
          24.350909,
          22.874524,
          22.196237
        ]
      },
      {
        "date": "2024-02-02",
        "close": 23.5,
        "volume": 27639,
        "typical_volume": 35434.75,
        "trend": 21.681667,
        "fair_value": 25.106154,
        "relative_strength": 17.621942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.452943,
        "energy": 33.822335,
        "activity_lines": [
          24.4,
          24.289091,
          23.039762,
          22.312473
        ]
      },
      {
        "date": "2024-02-09",
        "close": 24.5,
        "volume": 35953,
        "typical_volume": 35661.25,
        "trend": 21.805,
        "fair_value": 25.088846,
        "relative_strength": 21.804211,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 44.112009,
        "energy": 26.444297,
        "activity_lines": [
          24.32,
          24.387273,
          23.282857,
          22.494301
        ]
      },
      {
        "date": "2024-02-16",
        "close": 23.4,
        "volume": 26120,
        "typical_volume": 35413.5,
        "trend": 21.841667,
        "fair_value": 25.064487,
        "relative_strength": 12.329806,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.80871,
        "energy": 21.188905,
        "activity_lines": [
          23.966667,
          24.243637,
          23.403572,
          22.597205
        ]
      },
      {
        "date": "2024-02-23",
        "close": 21.299999,
        "volume": 57167,
        "typical_volume": 37420.6,
        "trend": 21.831667,
        "fair_value": 25.027949,
        "relative_strength": 0.246278,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 17.852264,
        "energy": 15.000198,
        "activity_lines": [
          23.033333,
          23.723636,
          23.307619,
          22.562258
        ]
      },
      {
        "date": "2024-03-01",
        "close": 23.0,
        "volume": 69814,
        "typical_volume": 39328.65,
        "trend": 21.898333,
        "fair_value": 25.00359,
        "relative_strength": 5.864207,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 27.49981,
        "energy": 16.794719,
        "activity_lines": [
          22.86,
          23.536364,
          23.364286,
          22.637635
        ]
      },
      {
        "date": "2024-03-08",
        "close": 23.200001,
        "volume": 124534,
        "typical_volume": 43876.55,
        "trend": 21.921667,
        "fair_value": 24.979231,
        "relative_strength": 4.497158,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.790028,
        "energy": 13.093874,
        "activity_lines": [
          22.88,
          23.385455,
          23.421429,
          22.721613
        ]
      },
      {
        "date": "2024-03-15",
        "close": 21.700001,
        "volume": 49599,
        "typical_volume": 45236.35,
        "trend": 21.898334,
        "fair_value": 24.940128,
        "relative_strength": -5.006381,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 5.454693,
        "energy": 11.666976,
        "activity_lines": [
          22.42,
          22.983637,
          23.317619,
          22.707312
        ]
      },
      {
        "date": "2024-03-22",
        "close": 21.200001,
        "volume": 34939,
        "typical_volume": 45472.2,
        "trend": 21.921667,
        "fair_value": 24.906795,
        "relative_strength": -8.0356,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 0.859103,
        "energy": 9.729165,
        "activity_lines": [
          21.980001,
          22.567273,
          23.155715,
          22.662258
        ]
      },
      {
        "date": "2024-03-29",
        "close": 21.5,
        "volume": 83727,
        "typical_volume": 47639.1,
        "trend": 21.951667,
        "fair_value": 24.87218,
        "relative_strength": -6.865621,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.751029,
        "energy": 20.455845,
        "activity_lines": [
          21.786667,
          22.278182,
          23.008096,
          22.635054
        ]
      },
      {
        "date": "2024-04-05",
        "close": 21.200001,
        "volume": 56502,
        "typical_volume": 48522.35,
        "trend": 21.993334,
        "fair_value": 24.794615,
        "relative_strength": -8.286973,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.385941,
        "energy": 27.191118,
        "activity_lines": [
          21.480001,
          21.983637,
          22.825715,
          22.586559
        ]
      },
      {
        "date": "2024-04-12",
        "close": 22.700001,
        "volume": 198414,
        "typical_volume": 55489.6,
        "trend": 22.088334,
        "fair_value": 24.729872,
        "relative_strength": -2.7278,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.258552,
        "energy": 12.557255,
        "activity_lines": [
          21.793334,
          22.029092,
          22.783334,
          22.632151
        ]
      },
      {
        "date": "2024-04-19",
        "close": 22.6,
        "volume": 98796,
        "typical_volume": 58200.65,
        "trend": 22.148334,
        "fair_value": 24.674103,
        "relative_strength": -3.638572,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -0.550238,
        "energy": 3.829981,
        "activity_lines": [
          22.106667,
          22.07091,
          22.729524,
          22.665162
        ]
      },
      {
        "date": "2024-04-26",
        "close": 20.700001,
        "volume": 81086,
        "typical_volume": 59246.95,
        "trend": 22.175,
        "fair_value": 24.594615,
        "relative_strength": -13.983988,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.530697,
        "energy": 13.895566,
        "activity_lines": [
          21.726667,
          21.801819,
          22.492858,
          22.571721
        ]
      },
      {
        "date": "2024-05-03",
        "close": 20.299999,
        "volume": 50056,
        "typical_volume": 59790.15,
        "trend": 22.206667,
        "fair_value": 24.508718,
        "relative_strength": -15.277842,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -27.101337,
        "energy": 15.635082,
        "activity_lines": [
          21.246667,
          21.509091,
          22.232381,
          22.450753
        ]
      },
      {
        "date": "2024-05-10",
        "close": 19.85,
        "volume": 61001,
        "typical_volume": 60525.95,
        "trend": 22.231667,
        "fair_value": 24.405833,
        "relative_strength": -20.0358,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.384983,
        "energy": 27.476918,
        "activity_lines": [
          20.696667,
          21.152728,
          21.94,
          22.29871
        ]
      },
      {
        "date": "2024-05-17",
        "close": 20.799999,
        "volume": 77029,
        "typical_volume": 62755.35,
        "trend": 22.278334,
        "fair_value": 24.31609,
        "relative_strength": -15.460548,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.157702,
        "energy": 41.602348,
        "activity_lines": [
          20.553333,
          21.026364,
          21.753095,
          22.206344
        ]
      },
      {
        "date": "2024-05-24",
        "close": 23.799999,
        "volume": 163196,
        "typical_volume": 69147.45,
        "trend": 22.421667,
        "fair_value": 24.240449,
        "relative_strength": -4.192641,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -24.203618,
        "energy": 13.38887,
        "activity_lines": [
          21.536666,
          21.489091,
          21.869048,
          22.304516
        ]
      },
      {
        "date": "2024-05-31",
        "close": 21.200001,
        "volume": 71291,
        "typical_volume": 70369.2,
        "trend": 22.521667,
        "fair_value": 24.162885,
        "relative_strength": -13.643229,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -35.553392,
        "energy": 15.373656,
        "activity_lines": [
          21.573333,
          21.440909,
          21.747381,
          22.225699
        ]
      },
      {
        "date": "2024-06-07",
        "close": 20.1,
        "volume": 47454,
        "typical_volume": 71605.0,
        "trend": 22.518334,
        "fair_value": 24.068013,
        "relative_strength": -18.271338,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.674881,
        "energy": 16.985436,
        "activity_lines": [
          21.21,
          21.192727,
          21.54,
          22.069463
        ]
      },
      {
        "date": "2024-06-14",
        "close": 19.0,
        "volume": 52030,
        "typical_volume": 73317.35,
        "trend": 22.465,
        "fair_value": 23.95391,
        "relative_strength": -20.52543,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -56.1223,
        "energy": 25.75763,
        "activity_lines": [
          20.493333,
          20.77,
          21.247381,
          21.842473
        ]
      },
      {
        "date": "2024-06-21",
        "close": 17.799999,
        "volume": 12700,
        "typical_volume": 72570.4,
        "trend": 22.315,
        "fair_value": 23.842372,
        "relative_strength": -25.461324,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -63.352116,
        "energy": 52.575767,
        "activity_lines": [
          19.433333,
          20.169091,
          20.868571,
          21.541505
        ]
      },
      {
        "date": "2024-06-28",
        "close": 17.700001,
        "volume": 45266,
        "typical_volume": 73036.05,
        "trend": 22.165,
        "fair_value": 23.7225,
        "relative_strength": -25.246485,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.124237,
        "energy": 59.43098,
        "activity_lines": [
          18.54,
          19.639091,
          20.507381,
          21.243764
        ]
      },
      {
        "date": "2024-07-05",
        "close": 15.8,
        "volume": 66131,
        "typical_volume": 75036.6,
        "trend": 21.901667,
        "fair_value": 23.5725,
        "relative_strength": -32.297221,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.133004,
        "energy": 69.93056,
        "activity_lines": [
          17.42,
          18.852727,
          19.997619,
          20.833118
        ]
      },
      {
        "date": "2024-07-12",
        "close": 15.0,
        "volume": 55426,
        "typical_volume": 74949.55,
        "trend": 21.648333,
        "fair_value": 23.419295,
        "relative_strength": -37.064533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.418198,
        "energy": 74.86288,
        "activity_lines": [
          16.393333,
          18.01,
          19.447857,
          20.38785
        ]
      },
      {
        "date": "2024-07-19",
        "close": 14.0,
        "volume": 128275,
        "typical_volume": 77872.6,
        "trend": 21.348334,
        "fair_value": 23.261603,
        "relative_strength": -39.301488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.890645,
        "energy": 78.077575,
        "activity_lines": [
          15.373333,
          17.081818,
          18.832857,
          19.894409
        ]
      },
      {
        "date": "2024-07-26",
        "close": 16.85,
        "volume": 277472,
        "typical_volume": 85519.5,
        "trend": 21.096667,
        "fair_value": 23.09718,
        "relative_strength": -26.695938,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.103482,
        "energy": 67.56167,
        "activity_lines": [
          15.636667,
          16.778182,
          18.532143,
          19.604194
        ]
      },
      {
        "date": "2024-08-02",
        "close": 15.3,
        "volume": 89708,
        "typical_volume": 87524.95,
        "trend": 20.743334,
        "fair_value": 22.922821,
        "relative_strength": -29.924775,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.269132,
        "energy": 57.461658,
        "activity_lines": [
          15.446667,
          16.264545,
          18.114048,
          19.230215
        ]
      },
      {
        "date": "2024-08-09",
        "close": 14.1,
        "volume": 84819,
        "typical_volume": 90018.95,
        "trend": 20.373333,
        "fair_value": 22.742692,
        "relative_strength": -34.563471,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.373749,
        "energy": 49.511687,
        "activity_lines": [
          15.016667,
          15.687273,
          17.612143,
          18.801613
        ]
      },
      {
        "date": "2024-08-16",
        "close": 13.75,
        "volume": 74973,
        "typical_volume": 89581.25,
        "trend": 20.025,
        "fair_value": 22.569936,
        "relative_strength": -37.3759,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.930092,
        "energy": 47.184324,
        "activity_lines": [
          14.583333,
          15.175455,
          17.110714,
          18.374301
        ]
      },
      {
        "date": "2024-08-23",
        "close": 13.0,
        "volume": 134960,
        "typical_volume": 93504.15,
        "trend": 19.628333,
        "fair_value": 22.394936,
        "relative_strength": -40.811475,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.78406,
        "energy": 56.696186,
        "activity_lines": [
          13.983333,
          14.642727,
          16.574762,
          17.921075
        ]
      },
      {
        "date": "2024-08-30",
        "close": 14.5,
        "volume": 162070,
        "typical_volume": 91686.95,
        "trend": 19.328333,
        "fair_value": 22.239167,
        "relative_strength": -34.350624,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.047374,
        "energy": 54.5169,
        "activity_lines": [
          13.95,
          14.491818,
          16.220714,
          17.590215
        ]
      },
      {
        "date": "2024-09-06",
        "close": 12.9,
        "volume": 41506,
        "typical_volume": 88822.45,
        "trend": 18.941667,
        "fair_value": 22.069295,
        "relative_strength": -38.335225,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.085045,
        "energy": 58.602618,
        "activity_lines": [
          13.54,
          14.11,
          15.753333,
          17.175484
        ]
      },
      {
        "date": "2024-09-13",
        "close": 14.2,
        "volume": 48182,
        "typical_volume": 87177.25,
        "trend": 18.635,
        "fair_value": 21.901987,
        "relative_strength": -32.784669,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.896312,
        "energy": 44.220532,
        "activity_lines": [
          13.723333,
          14.051818,
          15.455952,
          16.86957
        ]
      },
      {
        "date": "2024-09-20",
        "close": 14.15,
        "volume": 18737,
        "typical_volume": 85611.3,
        "trend": 18.396667,
        "fair_value": 21.761282,
        "relative_strength": -33.796401,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.809939,
        "energy": 37.524332,
        "activity_lines": [
          13.883333,
          14.013636,
          15.184762,
          16.580215
        ]
      },
      {
        "date": "2024-09-27",
        "close": 14.0,
        "volume": 29159,
        "typical_volume": 84019.2,
        "trend": 18.096667,
        "fair_value": 21.613846,
        "relative_strength": -35.40583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.500857,
        "energy": 32.162214,
        "activity_lines": [
          13.966667,
          13.963636,
          14.928571,
          16.296559
        ]
      },
      {
        "date": "2024-10-04",
        "close": 14.5,
        "volume": 51686,
        "typical_volume": 82752.05,
        "trend": 17.806667,
        "fair_value": 21.482436,
        "relative_strength": -31.636259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.961922,
        "energy": 25.676013,
        "activity_lines": [
          14.15,
          14.004545,
          14.747857,
          16.064516
        ]
      },
      {
        "date": "2024-10-11",
        "close": 13.95,
        "volume": 51757,
        "typical_volume": 77180.1,
        "trend": 17.548333,
        "fair_value": 21.357756,
        "relative_strength": -33.321514,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.918087,
        "energy": 25.628259,
        "activity_lines": [
          14.15,
          13.988182,
          14.544762,
          15.815699
        ]
      },
      {
        "date": "2024-10-18",
        "close": 13.75,
        "volume": 26682,
        "typical_volume": 74949.65,
        "trend": 17.3,
        "fair_value": 21.236282,
        "relative_strength": -33.782688,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.43774,
        "energy": 26.126047,
        "activity_lines": [
          14.013333,
          13.96,
          14.369524,
          15.570645
        ]
      },
      {
        "date": "2024-10-25",
        "close": 13.85,
        "volume": 11586,
        "typical_volume": 73156.25,
        "trend": 17.045,
        "fair_value": 21.121859,
        "relative_strength": -32.573423,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.328449,
        "energy": 29.14208,
        "activity_lines": [
          13.94,
          13.956364,
          14.239286,
          15.348065
        ]
      },
      {
        "date": "2024-11-01",
        "close": 13.75,
        "volume": 36765,
        "typical_volume": 72393.0,
        "trend": 16.796667,
        "fair_value": 20.998462,
        "relative_strength": -31.614608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.546666,
        "energy": 29.940085,
        "activity_lines": [
          13.853333,
          13.932727,
          14.129286,
          15.135484
        ]
      },
      {
        "date": "2024-11-08",
        "close": 12.0,
        "volume": 30612,
        "typical_volume": 73288.6,
        "trend": 16.44,
        "fair_value": 20.842051,
        "relative_strength": -39.636233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.058764,
        "energy": 41.75374,
        "activity_lines": [
          13.2,
          13.577273,
          13.877619,
          14.826021
        ]
      },
      {
        "date": "2024-11-15",
        "close": 11.3,
        "volume": 58324,
        "typical_volume": 73941.5,
        "trend": 16.063333,
        "fair_value": 20.67859,
        "relative_strength": -41.346897,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.428342,
        "energy": 58.341857,
        "activity_lines": [
          12.48,
          13.14,
          13.586905,
          14.494409
        ]
      },
      {
        "date": "2024-11-22",
        "close": 10.75,
        "volume": 127106,
        "typical_volume": 76990.25,
        "trend": 15.731667,
        "fair_value": 20.513526,
        "relative_strength": -43.48197,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.362906,
        "energy": 68.197503,
        "activity_lines": [
          11.753333,
          12.631818,
          13.274286,
          14.151613
        ]
      },
      {
        "date": "2024-11-29",
        "close": 10.75,
        "volume": 27174,
        "typical_volume": 75577.65,
        "trend": 15.413333,
        "fair_value": 20.345256,
        "relative_strength": -42.661701,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.285718,
        "energy": 73.747329,
        "activity_lines": [
          11.226667,
          12.186364,
          12.985714,
          13.830215
        ]
      },
      {
        "date": "2024-12-06",
        "close": 13.0,
        "volume": 199587,
        "typical_volume": 79143.25,
        "trend": 15.185,
        "fair_value": 20.19718,
        "relative_strength": -32.404958,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.901258,
        "energy": 53.338587,
        "activity_lines": [
          11.656667,
          12.211818,
          12.931667,
          13.674516
        ]
      },
      {
        "date": "2024-12-13",
        "close": 10.75,
        "volume": 66153,
        "typical_volume": 68577.3,
        "trend": 14.85,
        "fair_value": 20.041731,
        "relative_strength": -42.039716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.562977,
        "energy": 44.501013,
        "activity_lines": [
          11.386667,
          11.846364,
          12.668095,
          13.388387
        ]
      },
      {
        "date": "2024-12-20",
        "close": 10.65,
        "volume": 10154,
        "typical_volume": 64599.6,
        "trend": 14.411667,
        "fair_value": 19.897179,
        "relative_strength": -39.826531,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.529889,
        "energy": 41.660316,
        "activity_lines": [
          11.166667,
          11.530909,
          12.424048,
          13.117419
        ]
      },
      {
        "date": "2024-12-27",
        "close": 9.96,
        "volume": 34413,
        "typical_volume": 62079.3,
        "trend": 14.037,
        "fair_value": 19.732179,
        "relative_strength": -43.132106,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.997871,
        "energy": 43.070701,
        "activity_lines": [
          10.76,
          11.15,
          12.136429,
          12.830215
        ]
      },
      {
        "date": "2025-01-03",
        "close": 10.15,
        "volume": 24881,
        "typical_volume": 59574.7,
        "trend": 13.705333,
        "fair_value": 19.574808,
        "relative_strength": -41.409853,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.824272,
        "energy": 47.127941,
        "activity_lines": [
          10.469333,
          10.872545,
          11.886619,
          12.579441
        ]
      },
      {
        "date": "2025-01-10",
        "close": 11.55,
        "volume": 48969,
        "typical_volume": 55275.15,
        "trend": 13.457,
        "fair_value": 19.435385,
        "relative_strength": -32.502072,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.163154,
        "energy": 38.454693,
        "activity_lines": [
          10.685333,
          10.916909,
          11.787286,
          12.440387
        ]
      },
      {
        "date": "2025-01-17",
        "close": 12.15,
        "volume": 51006,
        "typical_volume": 49721.95,
        "trend": 13.268667,
        "fair_value": 19.303013,
        "relative_strength": -30.374041,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.306829,
        "energy": 26.255179,
        "activity_lines": [
          11.198,
          11.110364,
          11.752,
          12.356065
        ]
      },
      {
        "date": "2025-01-24",
        "close": 11.2,
        "volume": 29962,
        "typical_volume": 49144.75,
        "trend": 13.052,
        "fair_value": 19.170321,
        "relative_strength": -35.909238,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.82801,
        "energy": 19.965306,
        "activity_lines": [
          11.300667,
          11.128364,
          11.637429,
          12.222602
        ]
      },
      {
        "date": "2025-01-31",
        "close": 10.25,
        "volume": 61083,
        "typical_volume": 49789.8,
        "trend": 12.867,
        "fair_value": 19.028974,
        "relative_strength": -40.295733,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.335799,
        "energy": 22.094048,
        "activity_lines": [
          11.05,
          10.975455,
          11.440476,
          12.041828
        ]
      },
      {
        "date": "2025-02-07",
        "close": 10.55,
        "volume": 18850,
        "typical_volume": 49795.45,
        "trend": 12.718667,
        "fair_value": 18.881859,
        "relative_strength": -36.614782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.094542,
        "energy": 26.39298,
        "activity_lines": [
          10.88,
          10.886182,
          11.290905,
          11.892344
        ]
      },
      {
        "date": "2025-02-14",
        "close": 9.94,
        "volume": 41523,
        "typical_volume": 50413.65,
        "trend": 12.583333,
        "fair_value": 18.753269,
        "relative_strength": -40.885465,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.217552,
        "energy": 37.954656,
        "activity_lines": [
          10.48,
          10.689636,
          11.100381,
          11.713075
        ]
      },
      {
        "date": "2025-02-21",
        "close": 9.14,
        "volume": 34296,
        "typical_volume": 49544.15,
        "trend": 12.326333,
        "fair_value": 18.636218,
        "relative_strength": -44.864653,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.470167,
        "energy": 59.239844,
        "activity_lines": [
          9.920667,
          10.403273,
          10.853,
          11.490925
        ]
      },
      {
        "date": "2025-02-28",
        "close": 11.35,
        "volume": 35515,
        "typical_volume": 48732.05,
        "trend": 12.194667,
        "fair_value": 18.520513,
        "relative_strength": -30.405369,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.93637,
        "energy": 34.742618,
        "activity_lines": [
          10.298667,
          10.548,
          10.841619,
          11.427935
        ]
      },
      {
        "date": "2025-03-07",
        "close": 9.6,
        "volume": 31109,
        "typical_volume": 48953.4,
        "trend": 12.044667,
        "fair_value": 18.392308,
        "relative_strength": -40.115548,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.619887,
        "energy": 38.935797,
        "activity_lines": [
          10.083333,
          10.361818,
          10.675952,
          11.260538
        ]
      },
      {
        "date": "2025-03-14",
        "close": 9.4,
        "volume": 58998,
        "typical_volume": 51324.0,
        "trend": 11.899667,
        "fair_value": 18.239744,
        "relative_strength": -39.334332,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.441438,
        "energy": 41.897825,
        "activity_lines": [
          9.844667,
          10.145818,
          10.511,
          11.089914
        ]
      },
      {
        "date": "2025-03-21",
        "close": 9.66,
        "volume": 17707,
        "typical_volume": 50371.1,
        "trend": 11.788333,
        "fair_value": 18.090128,
        "relative_strength": -35.390162,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.331107,
        "energy": 32.660417,
        "activity_lines": [
          9.769333,
          9.990727,
          10.392,
          10.945419
        ]
      },
      {
        "date": "2025-03-28",
        "close": 8.68,
        "volume": 19895,
        "typical_volume": 49835.25,
        "trend": 11.594333,
        "fair_value": 17.935192,
        "relative_strength": -38.906772,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.066636,
        "energy": 54.352941,
        "activity_lines": [
          9.386,
          9.691818,
          10.199143,
          10.744882
        ]
      },
      {
        "date": "2025-04-04",
        "close": 8.8,
        "volume": 26489,
        "typical_volume": 48243.5,
        "trend": 11.457667,
        "fair_value": 17.789038,
        "relative_strength": -30.0336,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.834498,
        "energy": 55.962131,
        "activity_lines": [
          9.073333,
          9.477818,
          10.033524,
          10.564602
        ]
      },
      {
        "date": "2025-04-11",
        "close": 8.8,
        "volume": 13285,
        "typical_volume": 42552.45,
        "trend": 11.277667,
        "fair_value": 17.6275,
        "relative_strength": -28.438366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.220695,
        "energy": 52.185865,
        "activity_lines": [
          8.930667,
          9.307455,
          9.87981,
          10.39314
        ]
      },
      {
        "date": "2025-04-18",
        "close": 9.88,
        "volume": 34289,
        "typical_volume": 42908.2,
        "trend": 11.135333,
        "fair_value": 17.47609,
        "relative_strength": -20.953344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.117981,
        "energy": 35.202878,
        "activity_lines": [
          9.201333,
          9.359818,
          9.838238,
          10.302968
        ]
      },
      {
        "date": "2025-04-25",
        "close": 9.5,
        "volume": 19475,
        "typical_volume": 33902.6,
        "trend": 10.985333,
        "fair_value": 17.331859,
        "relative_strength": -25.094882,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.522092,
        "energy": 28.207709,
        "activity_lines": [
          9.313333,
          9.355273,
          9.764619,
          10.197462
        ]
      },
      {
        "date": "2025-05-02",
        "close": 9.48,
        "volume": 40091,
        "typical_volume": 32599.5,
        "trend": 10.818,
        "fair_value": 17.19968,
        "relative_strength": -25.191942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.472027,
        "energy": 19.569019,
        "activity_lines": [
          9.429333,
          9.355091,
          9.705762,
          10.100344
        ]
      },
      {
        "date": "2025-05-09",
        "close": 9.38,
        "volume": 143058,
        "typical_volume": 39244.7,
        "trend": 10.665667,
        "fair_value": 17.07391,
        "relative_strength": -24.520651,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.211598,
        "energy": 15.767375,
        "activity_lines": [
          9.458667,
          9.330545,
          9.643429,
          10.00757
        ]
      },
      {
        "date": "2025-05-16",
        "close": 10.2,
        "volume": 85321,
        "typical_volume": 41790.1,
        "trend": 10.547333,
        "fair_value": 16.955,
        "relative_strength": -19.778305,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.802979,
        "energy": 12.167602,
        "activity_lines": [
          9.722667,
          9.490909,
          9.665238,
          9.977527
        ]
      },
      {
        "date": "2025-05-23",
        "close": 12.15,
        "volume": 604649,
        "typical_volume": 70778.5,
        "trend": 10.490667,
        "fair_value": 16.846346,
        "relative_strength": -0.358715,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.289512,
        "energy": 19.318936,
        "activity_lines": [
          10.543333,
          9.994909,
          9.871619,
          10.080925
        ]
      },
      {
        "date": "2025-05-30",
        "close": 13.3,
        "volume": 133131,
        "typical_volume": 74986.6,
        "trend": 10.475667,
        "fair_value": 16.743141,
        "relative_strength": 9.557184,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.834716,
        "energy": 44.689349,
        "activity_lines": [
          11.596,
          10.658,
          10.178,
          10.262172
        ]
      },
      {
        "date": "2025-06-06",
        "close": 13.05,
        "volume": 73891,
        "typical_volume": 76130.85,
        "trend": 10.510667,
        "fair_value": 16.664295,
        "relative_strength": 7.468281,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 41.839755,
        "energy": 58.242802,
        "activity_lines": [
          12.312,
          11.209455,
          10.452238,
          10.428258
        ]
      },
      {
        "date": "2025-06-13",
        "close": 12.0,
        "volume": 63951,
        "typical_volume": 77830.3,
        "trend": 10.534,
        "fair_value": 16.5925,
        "relative_strength": 2.345835,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.720209,
        "energy": 55.106618,
        "activity_lines": [
          12.44,
          11.490545,
          10.62219,
          10.524344
        ]
      },
      {
        "date": "2025-06-20",
        "close": 11.55,
        "volume": 30719,
        "typical_volume": 76312.1,
        "trend": 10.560667,
        "fair_value": 16.519103,
        "relative_strength": -0.105135,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 57.193772,
        "energy": 55.40757,
        "activity_lines": [
          12.243333,
          11.631636,
          10.745476,
          10.589892
        ]
      },
      {
        "date": "2025-06-27",
        "close": 12.5,
        "volume": 61381,
        "typical_volume": 78438.65,
        "trend": 10.619,
        "fair_value": 16.446346,
        "relative_strength": 6.388034,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.059691,
        "energy": 35.917365,
        "activity_lines": [
          12.273333,
          11.895455,
          10.953048,
          10.715011
        ]
      },
      {
        "date": "2025-07-04",
        "close": 12.2,
        "volume": 65246,
        "typical_volume": 79624.8,
        "trend": 10.592333,
        "fair_value": 16.368141,
        "relative_strength": 4.1377,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.32296,
        "energy": 29.350822,
        "activity_lines": [
          12.18,
          12.057091,
          11.122762,
          10.817011
        ]
      },
      {
        "date": "2025-07-11",
        "close": 10.65,
        "volume": 50052,
        "typical_volume": 80412.6,
        "trend": 10.589,
        "fair_value": 16.294103,
        "relative_strength": -9.689267,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 34.161514,
        "energy": 17.148672,
        "activity_lines": [
          11.643333,
          11.887818,
          11.134095,
          10.820731
        ]
      },
      {
        "date": "2025-07-18",
        "close": 10.5,
        "volume": 31865,
        "typical_volume": 80230.1,
        "trend": 10.584,
        "fair_value": 16.202436,
        "relative_strength": -10.527594,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.727289,
        "energy": 13.919137,
        "activity_lines": [
          11.216667,
          11.67,
          11.123952,
          10.814989
        ]
      },
      {
        "date": "2025-07-25",
        "close": 10.5,
        "volume": 38636,
        "typical_volume": 80606.45,
        "trend": 10.602,
        "fair_value": 16.114615,
        "relative_strength": -11.650504,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 21.466146,
        "energy": 15.092012,
        "activity_lines": [
          10.89,
          11.431818,
          11.117857,
          10.80957
        ]
      },
      {
        "date": "2025-08-01",
        "close": 10.0,
        "volume": 39406,
        "typical_volume": 79626.85,
        "trend": 10.597,
        "fair_value": 16.028077,
        "relative_strength": -12.611167,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.721359,
        "energy": 12.408347,
        "activity_lines": [
          10.466667,
          11.097273,
          11.059857,
          10.770731
        ]
      },
      {
        "date": "2025-08-08",
        "close": 9.62,
        "volume": 28595,
        "typical_volume": 80171.25,
        "trend": 10.532667,
        "fair_value": 15.929487,
        "relative_strength": -17.456315,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.031736,
        "energy": 19.125361,
        "activity_lines": [
          10.083333,
          10.732727,
          10.96281,
          10.707699
        ]
      },
      {
        "date": "2025-08-15",
        "close": 9.48,
        "volume": 13492,
        "typical_volume": 79851.1,
        "trend": 10.443667,
        "fair_value": 15.847308,
        "relative_strength": -19.18139,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -21.30421,
        "energy": 24.936439,
        "activity_lines": [
          9.825333,
          10.409636,
          10.852619,
          10.639785
        ]
      },
      {
        "date": "2025-08-22",
        "close": 10.05,
        "volume": 36963,
        "typical_volume": 80374.8,
        "trend": 10.405333,
        "fair_value": 15.771346,
        "relative_strength": -15.380091,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -16.4861,
        "energy": 26.456541,
        "activity_lines": [
          9.835333,
          10.255091,
          10.792905,
          10.614387
        ]
      },
      {
        "date": "2025-08-29",
        "close": 9.64,
        "volume": 11721,
        "typical_volume": 80296.6,
        "trend": 10.385,
        "fair_value": 15.690192,
        "relative_strength": -16.165832,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.096237,
        "energy": 27.303703,
        "activity_lines": [
          9.738667,
          10.061455,
          10.68819,
          10.565011
        ]
      },
      {
        "date": "2025-09-05",
        "close": 9.22,
        "volume": 36358,
        "typical_volume": 80400.05,
        "trend": 10.340667,
        "fair_value": 15.61468,
        "relative_strength": -19.248311,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.736498,
        "energy": 28.008128,
        "activity_lines": [
          9.559333,
          9.826182,
          10.539476,
          10.489849
        ]
      },
      {
        "date": "2025-09-12",
        "close": 9.2,
        "volume": 15326,
        "typical_volume": 80192.6,
        "trend": 10.316,
        "fair_value": 15.545449,
        "relative_strength": -18.924043,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.144304,
        "energy": 30.285839,
        "activity_lines": [
          9.425333,
          9.646909,
          10.392,
          10.416258
        ]
      },
      {
        "date": "2025-09-19",
        "close": 9.0,
        "volume": 25558,
        "typical_volume": 79465.95,
        "trend": 10.311333,
        "fair_value": 15.481346,
        "relative_strength": -20.275777,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.76972,
        "energy": 35.656509,
        "activity_lines": [
          9.252667,
          9.485818,
          10.226905,
          10.331355
        ]
      },
      {
        "date": "2025-09-26",
        "close": 9.28,
        "volume": 12532,
        "typical_volume": 72939.65,
        "trend": 10.242333,
        "fair_value": 15.412885,
        "relative_strength": -17.069008,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.611879,
        "energy": 33.524598,
        "activity_lines": [
          9.205333,
          9.405636,
          10.090762,
          10.264817
        ]
      },
      {
        "date": "2025-10-03",
        "close": 9.02,
        "volume": 16307,
        "typical_volume": 69488.95,
        "trend": 10.223,
        "fair_value": 15.351603,
        "relative_strength": -21.072033,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.783389,
        "energy": 39.714535,
        "activity_lines": [
          9.122667,
          9.300364,
          9.930333,
          10.185957
        ]
      },
      {
        "date": "2025-10-10",
        "close": 10.15,
        "volume": 31651,
        "typical_volume": 40839.05,
        "trend": 10.248,
        "fair_value": 15.302564,
        "relative_strength": -9.800593,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.11759,
        "energy": 23.462096,
        "activity_lines": [
          9.458,
          9.427455,
          9.883143,
          10.181247
        ]
      },
      {
        "date": "2025-10-17",
        "close": 8.84,
        "volume": 36004,
        "typical_volume": 35982.7,
        "trend": 10.220667,
        "fair_value": 15.245641,
        "relative_strength": -20.518988,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.247652,
        "energy": 29.058046,
        "activity_lines": [
          9.294667,
          9.313636,
          9.720714,
          10.090409
        ]
      },
      {
        "date": "2025-10-24",
        "close": 9.22,
        "volume": 5745,
        "typical_volume": 32575.4,
        "trend": 10.238667,
        "fair_value": 15.207949,
        "relative_strength": -18.87443,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.421185,
        "energy": 26.020982,
        "activity_lines": [
          9.282,
          9.283091,
          9.615714,
          10.025849
        ]
      },
      {
        "date": "2025-10-31",
        "close": 8.82,
        "volume": 23643,
        "typical_volume": 30560.0,
        "trend": 10.239333,
        "fair_value": 15.159487,
        "relative_strength": -21.022688,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.932092,
        "energy": 28.455173,
        "activity_lines": [
          9.121333,
          9.184545,
          9.490857,
          9.934323
        ]
      },
      {
        "date": "2025-11-07",
        "close": 8.2,
        "volume": 39933,
        "typical_volume": 31020.7,
        "trend": 10.219333,
        "fair_value": 15.114103,
        "relative_strength": -25.058721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.429577,
        "energy": 46.87038,
        "activity_lines": [
          8.784667,
          8.995636,
          9.322095,
          9.802753
        ]
      },
      {
        "date": "2025-11-14",
        "close": 7.86,
        "volume": 36771,
        "typical_volume": 29790.2,
        "trend": 10.152,
        "fair_value": 15.065769,
        "relative_strength": -28.222284,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.730095,
        "energy": 55.250917,
        "activity_lines": [
          8.389333,
          8.771091,
          9.136905,
          9.650538
        ]
      },
      {
        "date": "2025-11-21",
        "close": 8.28,
        "volume": 81114,
        "typical_volume": 30583.6,
        "trend": 10.111333,
        "fair_value": 15.041923,
        "relative_strength": -22.314031,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.523109,
        "energy": 52.285188,
        "activity_lines": [
          8.286667,
          8.647636,
          9.01381,
          9.529763
        ]
      },
      {
        "date": "2025-11-28",
        "close": 7.46,
        "volume": 19101,
        "typical_volume": 29036.05,
        "trend": 10.044,
        "fair_value": 15.025,
        "relative_strength": -31.695133,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.412215,
        "energy": 58.542894,
        "activity_lines": [
          7.948,
          8.391818,
          8.831286,
          9.35871
        ]
      },
      {
        "date": "2025-12-05",
        "close": 7.66,
        "volume": 40432,
        "typical_volume": 29464.4,
        "trend": 9.986667,
        "fair_value": 15.011603,
        "relative_strength": -30.050942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.243647,
        "energy": 49.580852,
        "activity_lines": [
          7.793333,
          8.200364,
          8.683,
          9.204903
        ]
      },
      {
        "date": "2025-12-12",
        "close": 7.26,
        "volume": 20923,
        "typical_volume": 28578.75,
        "trend": 9.888667,
        "fair_value": 14.997308,
        "relative_strength": -33.029369,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.078777,
        "energy": 43.964969,
        "activity_lines": [
          7.582667,
          7.965636,
          8.510143,
          9.028989
        ]
      },
      {
        "date": "2025-12-19",
        "close": 7.3,
        "volume": 120655,
        "typical_volume": 32641.2,
        "trend": 9.727,
        "fair_value": 14.985192,
        "relative_strength": -32.555177,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.039363,
        "energy": 45.718919,
        "activity_lines": [
          7.448,
          7.770182,
          8.356524,
          8.861978
        ]
      },
      {
        "date": "2025-12-26",
        "close": 7.8,
        "volume": 10555,
        "typical_volume": 31739.2,
        "trend": 9.543667,
        "fair_value": 14.974295,
        "relative_strength": -27.672693,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.427425,
        "energy": 37.10547,
        "activity_lines": [
          7.517333,
          7.717455,
          8.263381,
          8.737656
        ]
      },
      {
        "date": "2026-01-02",
        "close": 7.3,
        "volume": 32909,
        "typical_volume": 32710.05,
        "trend": 9.352,
        "fair_value": 14.954551,
        "relative_strength": -32.54647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.326789,
        "energy": 36.834487,
        "activity_lines": [
          7.452,
          7.592727,
          8.131286,
          8.592903
        ]
      },
      {
        "date": "2026-01-09",
        "close": 7.1,
        "volume": 19307,
        "typical_volume": 31827.25,
        "trend": 9.188667,
        "fair_value": 14.939808,
        "relative_strength": -35.734231,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.385886,
        "energy": 36.497092,
        "activity_lines": [
          7.330667,
          7.466545,
          7.990524,
          8.447613
        ]
      },
      {
        "date": "2026-01-16",
        "close": 7.1,
        "volume": 62440,
        "typical_volume": 34363.2,
        "trend": 9.040333,
        "fair_value": 14.926603,
        "relative_strength": -36.33791,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.135529,
        "energy": 35.83205,
        "activity_lines": [
          7.246667,
          7.371636,
          7.86381,
          8.31286
        ]
      },
      {
        "date": "2026-01-23",
        "close": 7.14,
        "volume": 43011,
        "typical_volume": 34695.85,
        "trend": 8.861667,
        "fair_value": 14.911795,
        "relative_strength": -34.814645,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.493532,
        "energy": 35.868785,
        "activity_lines": [
          7.186667,
          7.304,
          7.753,
          8.190258
        ]
      },
      {
        "date": "2026-01-30",
        "close": 7.1,
        "volume": 69297,
        "typical_volume": 37394.4,
        "trend": 8.691667,
        "fair_value": 14.895577,
        "relative_strength": -34.943302,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.377064,
        "energy": 34.531944,
        "activity_lines": [
          7.124,
          7.242182,
          7.648286,
          8.076602
        ]
      },
      {
        "date": "2026-02-06",
        "close": 7.92,
        "volume": 31020,
        "typical_volume": 37667.5,
        "trend": 8.600667,
        "fair_value": 14.882244,
        "relative_strength": -29.061236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.861179,
        "energy": 23.889199,
        "activity_lines": [
          7.381333,
          7.350909,
          7.631667,
          8.026817
        ]
      },
      {
        "date": "2026-02-13",
        "close": 7.6,
        "volume": 97226,
        "typical_volume": 41902.2,
        "trend": 8.504,
        "fair_value": 14.863782,
        "relative_strength": -31.462088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.587404,
        "energy": 18.83321,
        "activity_lines": [
          7.490667,
          7.393091,
          7.589714,
          7.962258
        ]
      },
      {
        "date": "2026-02-20",
        "close": 6.9,
        "volume": 31209,
        "typical_volume": 42647.3,
        "trend": 8.384,
        "fair_value": 14.840705,
        "relative_strength": -38.568332,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.001579,
        "energy": 22.52469,
        "activity_lines": [
          7.333333,
          7.309091,
          7.489095,
          7.858774
        ]
      },
      {
        "date": "2026-02-27",
        "close": 6.6,
        "volume": 12555,
        "typical_volume": 41692.5,
        "trend": 8.270667,
        "fair_value": 14.82468,
        "relative_strength": -41.333845,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.698101,
        "energy": 29.628589,
        "activity_lines": [
          7.089333,
          7.177091,
          7.37,
          7.743677
        ]
      },
      {
        "date": "2026-03-06",
        "close": 6.54,
        "volume": 20841,
        "typical_volume": 40934.35,
        "trend": 8.168,
        "fair_value": 14.807308,
        "relative_strength": -37.875895,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.684847,
        "energy": 43.120619,
        "activity_lines": [
          6.861333,
          7.046909,
          7.262095,
          7.632022
        ]
      },
      {
        "date": "2026-03-13",
        "close": 5.74,
        "volume": 49622,
        "typical_volume": 43128.2,
        "trend": 8.043333,
        "fair_value": 14.793269,
        "relative_strength": -44.624317,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.848187,
        "energy": 62.594899,
        "activity_lines": [
          6.404,
          6.794182,
          7.088952,
          7.475376
        ]
      },
      {
        "date": "2026-03-20",
        "close": 5.74,
        "volume": 85785,
        "typical_volume": 46235.3,
        "trend": 7.899667,
        "fair_value": 14.773654,
        "relative_strength": -41.095867,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.890629,
        "energy": 65.365861,
        "activity_lines": [
          6.092,
          6.569818,
          6.932381,
          7.326774
        ]
      },
      {
        "date": "2026-03-27",
        "close": 5.8,
        "volume": 48120,
        "typical_volume": 46644.65,
        "trend": 7.771667,
        "fair_value": 14.741731,
        "relative_strength": -39.993092,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.407256,
        "energy": 64.345618,
        "activity_lines": [
          5.924,
          6.381091,
          6.79619,
          7.191312
        ]
      },
      {
        "date": "2026-04-03",
        "close": 5.28,
        "volume": 19392,
        "typical_volume": 45775.7,
        "trend": 7.640333,
        "fair_value": 14.701859,
        "relative_strength": -46.618845,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.043585,
        "energy": 66.471293,
        "activity_lines": [
          5.656,
          6.121455,
          6.621905,
          7.030559
        ]
      },
      {
        "date": "2026-04-10",
        "close": 5.74,
        "volume": 39651,
        "typical_volume": 43702.55,
        "trend": 7.525,
        "fair_value": 14.668141,
        "relative_strength": -44.007705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.273017,
        "energy": 52.02945,
        "activity_lines": [
          5.629333,
          5.979273,
          6.503714,
          6.907957
        ]
      },
      {
        "date": "2026-04-17",
        "close": 5.5,
        "volume": 73214,
        "typical_volume": 46408.2,
        "trend": 7.408333,
        "fair_value": 14.621987,
        "relative_strength": -46.801349,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.675096,
        "energy": 43.015532,
        "activity_lines": [
          5.576,
          5.818182,
          6.374762,
          6.777312
        ]
      },
      {
        "date": "2026-04-24",
        "close": 5.88,
        "volume": 40002,
        "typical_volume": 46386.7,
        "trend": 7.295,
        "fair_value": 14.568654,
        "relative_strength": -40.933735,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.040997,
        "energy": 37.964456,
        "activity_lines": [
          5.665333,
          5.770182,
          6.291333,
          6.67871
        ]
      },
      {
        "date": "2026-05-01",
        "close": 5.86,
        "volume": 66522,
        "typical_volume": 48666.65,
        "trend": 7.189667,
        "fair_value": 14.509423,
        "relative_strength": -39.654431,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.98513,
        "energy": 31.565028,
        "activity_lines": [
          5.738667,
          5.749818,
          6.214476,
          6.586129
        ]
      },
      {
        "date": "2026-05-08",
        "close": 3.0,
        "volume": 329890,
        "typical_volume": 59128.4,
        "trend": 6.951333,
        "fair_value": 14.430256,
        "relative_strength": -68.697545,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.117998,
        "energy": 55.131528,
        "activity_lines": [
          4.854667,
          5.228364,
          5.871905,
          6.315828
        ]
      },
      {
        "date": "2026-05-15",
        "close": 3.09,
        "volume": 31837,
        "typical_volume": 60192.5,
        "trend": 6.759667,
        "fair_value": 14.339487,
        "relative_strength": -66.749413,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.179471,
        "energy": 76.473981,
        "activity_lines": [
          4.152667,
          4.788727,
          5.558381,
          6.06671
        ]
      },
      {
        "date": "2026-05-22",
        "close": 3.0,
        "volume": 77559,
        "typical_volume": 62425.0,
        "trend": 6.552333,
        "fair_value": 14.234359,
        "relative_strength": -68.051129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.413913,
        "energy": 84.632641,
        "activity_lines": [
          3.597333,
          4.395455,
          5.258714,
          5.824151
        ]
      },
      {
        "date": "2026-05-29",
        "close": 2.76,
        "volume": 83939,
        "typical_volume": 65656.6,
        "trend": 6.350333,
        "fair_value": 14.103333,
        "relative_strength": -69.662076,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.582296,
        "energy": 87.883123,
        "activity_lines": [
          3.128667,
          4.008364,
          4.956667,
          5.579484
        ]
      },
      {
        "date": "2026-06-05",
        "close": 2.61,
        "volume": 14828,
        "typical_volume": 63276.0,
        "trend": 6.164,
        "fair_value": 13.966218,
        "relative_strength": -70.255276,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.900768,
        "energy": 88.008216,
        "activity_lines": [
          2.818,
          3.648182,
          4.661,
          5.338172
        ]
      },
      {
        "date": "2026-06-12",
        "close": 2.94,
        "volume": 205,
        "typical_volume": 61135.7,
        "trend": 6.0,
        "fair_value": 13.842756,
        "relative_strength": -65.537896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.828753,
        "energy": 82.973017,
        "activity_lines": [
          2.834,
          3.406,
          4.418143,
          5.130172
        ]
      },
      {
        "date": "2026-06-19",
        "close": 2.65,
        "volume": 27153,
        "typical_volume": 59028.5,
        "trend": 5.812333,
        "fair_value": 13.72,
        "relative_strength": -68.719941,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.029846,
        "energy": 76.267843,
        "activity_lines": [
          2.757333,
          3.153636,
          4.167667,
          4.914043
        ]
      },
      {
        "date": "2026-06-26",
        "close": 2.64,
        "volume": 0,
        "typical_volume": 57477.5,
        "trend": 5.651667,
        "fair_value": 13.586282,
        "relative_strength": -67.620355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.747964,
        "energy": 66.784568,
        "activity_lines": [
          2.706667,
          2.955636,
          3.937429,
          4.709376
        ]
      },
      {
        "date": "2026-07-03",
        "close": 2.45,
        "volume": 8855,
        "typical_volume": 53058.95,
        "trend": 5.478,
        "fair_value": 13.448141,
        "relative_strength": -69.89754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.720404,
        "energy": 64.924048,
        "activity_lines": [
          2.616667,
          2.775091,
          3.714238,
          4.502817
        ]
      },
      {
        "date": "2026-07-10",
        "close": 2.11,
        "volume": 128498,
        "typical_volume": 57923.4,
        "trend": 5.306333,
        "fair_value": 13.328333,
        "relative_strength": -72.774693,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.354534,
        "energy": 69.577184,
        "activity_lines": [
          2.434,
          2.595091,
          3.48319,
          4.285527
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1.885,
        "volume": 68033,
        "typical_volume": 60697.3,
        "trend": 5.125833,
        "fair_value": 13.197468,
        "relative_strength": -74.737534,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.962984,
        "energy": 75.304144,
        "activity_lines": [
          2.209667,
          2.442364,
          3.253524,
          4.064796
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.85,
        "volume": 33016,
        "typical_volume": 61306.05,
        "trend": 4.9275,
        "fair_value": 13.070865,
        "relative_strength": -74.912737,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.113844,
        "energy": 76.545753,
        "activity_lines": [
          2.044,
          2.303545,
          3.042976,
          3.853452
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.53,
        "volume": 137613,
        "typical_volume": 65705.6,
        "trend": 4.735167,
        "fair_value": 12.946058,
        "relative_strength": -78.943731,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.703958,
        "energy": 76.631476,
        "activity_lines": [
          1.825,
          2.129091,
          2.824286,
          3.634258
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.63,
        "volume": 120473,
        "typical_volume": 67440.0,
        "trend": 4.552833,
        "fair_value": 12.812276,
        "relative_strength": -77.388051,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.077239,
        "energy": 88.635393,
        "activity_lines": [
          1.713333,
          1.999545,
          2.635167,
          3.433925
        ]
      }
    ],
    "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."
    }
  }
}