{ "ticker": { "uuid": "98e7d5a9-f413-4e6f-a562-83382deed096", "symbol": "EFF0", "name": "Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG", "exchange": "GER", "country": "DE", "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": "^GDAXI", "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": "Early contraction", "architecture_gate": "down", "architecture_direction": -79.269, "architecture_energy": 92.259, "architecture_maturity": 34.0, "architecture_confidence": 81.876, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 0.0, "rotation_up": 8.14, "upward_expansion": 21.99, "deceleration": 37.0, "rotation_down": 86.52, "downward_expansion": 99.99 }, "activity_lines": [ 2.054, 2.262545, 2.547238, 2.679527 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 1.97, "trend_reference": 2.816333, "distance_from_trend": -0.300509, "trend_direction": "Weakening", "fair_value": 4.812179, "distance_from_fair_value": -0.590622, "fair_value_direction": "Weakening", "relative_strength": -45.732606, "relative_strength_direction": "Weakening", "price_momentum": -0.298932, "excess_performance": -0.363572, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.300509, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.113989, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.590622, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.147924, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.457326, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.298068, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.298932, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.195575, "read": "Supply-led" } ], "volume": { "latest": 4349, "relative_activity": 3.0193, "balance": 0.195575, "dry_up": 1.185608, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.10738, "annualized_volatility": 0.455665, "from_high_reference": -0.703759, "from_low_reference": 0.010256 }, "levels": { "trend_reference": 2.816333, "fair_value_reference": 4.812179, "structural_low": 1.95, "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": 35, "median_return": -0.035714, "positive_rate": 0.342857, "directional_follow_through": 0.628571, "median_excess_return": -0.050835, "regime_survival": 0.857143, "best_return": 0.367647, "worst_return": -0.310924, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.085561, "positive_rate": 0.384615, "directional_follow_through": 0.615385, "median_excess_return": -0.112256, "regime_survival": 0.692308, "best_return": 0.351351, "worst_return": -0.408046, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.232733, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.326201, "regime_survival": 0.75, "best_return": 0.022222, "worst_return": -0.4, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.34574, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.514108, "regime_survival": 0.5, "best_return": -0.05, "worst_return": -0.507692, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-05-26", "end": "2023-06-09", "tenure": "New", "return": -0.02139, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-16", "end": "2023-10-13", "tenure": "Established", "return": -0.214286, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-20", "end": "2024-06-07", "tenure": "Extended", "return": -0.246988, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-08-02", "tenure": "Developing", "return": -0.112903, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2025-07-04", "tenure": "Extended", "return": -0.416822, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.045714, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.540541, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-09-19", "tenure": "Developing", "return": -0.171171, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-11-14", "tenure": "Developing", "return": -0.240385, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-12-19", "tenure": "Developing", "return": 0.165644, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": -0.242021, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-05-01", "tenure": "Established", "return": 0.052632, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": -0.113333, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.264925, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.2, "volume": 507, "typical_volume": 2005.8, "trend": 9.51, "fair_value": 13.406731, "relative_strength": -10.407776, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.756331, "energy": 17.406606, "activity_lines": [ 9.336667, 9.345455, 9.393333, 9.424839 ] }, { "date": "2023-08-25", "close": 8.55, "volume": 1360, "typical_volume": 1956.95, "trend": 9.455, "fair_value": 13.398718, "relative_strength": -16.53659, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.153135, "energy": 36.828791, "activity_lines": [ 9.066667, 9.180909, 9.309524, 9.362903 ] }, { "date": "2023-09-01", "close": 9.55, "volume": 5560, "typical_volume": 2100.95, "trend": 9.446667, "fair_value": 13.396795, "relative_strength": -7.517004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.703105, "energy": 19.241406, "activity_lines": [ 9.186667, 9.233636, 9.324286, 9.369032 ] }, { "date": "2023-09-08", "close": 9.25, "volume": 4946, "typical_volume": 2293.5, "trend": 9.431667, "fair_value": 13.389423, "relative_strength": -9.360854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.487024, "energy": 22.77843, "activity_lines": [ 9.196667, 9.23, 9.313095, 9.356344 ] }, { "date": "2023-09-15", "close": 9.45, "volume": 2813, "typical_volume": 2389.85, "trend": 9.415, "fair_value": 13.385256, "relative_strength": -7.751755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.645678, "energy": 12.558546, "activity_lines": [ 9.28, 9.265455, 9.324286, 9.357527 ] }, { "date": "2023-09-22", "close": 9.0, "volume": 337, "typical_volume": 2292.0, "trend": 9.391667, "fair_value": 13.375641, "relative_strength": -9.731901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.671147, "energy": 18.761234, "activity_lines": [ 9.213333, 9.222727, 9.291429, 9.330753 ] }, { "date": "2023-09-29", "close": 9.3, "volume": 1691, "typical_volume": 2255.9, "trend": 9.373333, "fair_value": 13.367308, "relative_strength": -5.058346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.561328, "energy": 11.244547, "activity_lines": [ 9.26, 9.23, 9.288095, 9.324839 ] }, { "date": "2023-10-06", "close": 8.9, "volume": 1691, "typical_volume": 2304.4, "trend": 9.35, "fair_value": 13.355128, "relative_strength": -7.76871, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.242438, "energy": 23.247148, "activity_lines": [ 9.123333, 9.166364, 9.245952, 9.294301 ] }, { "date": "2023-10-13", "close": 8.25, "volume": 963, "typical_volume": 2268.0, "trend": 9.303333, "fair_value": 13.336859, "relative_strength": -13.916817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.721316, "energy": 53.591806, "activity_lines": [ 8.813333, 8.993636, 9.143571, 9.223333 ] }, { "date": "2023-10-20", "close": 8.3, "volume": 415, "typical_volume": 2252.85, "trend": 9.271667, "fair_value": 13.320192, "relative_strength": -10.747368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.333845, "energy": 62.272756, "activity_lines": [ 8.586667, 8.85, 9.05119, 9.158602 ] }, { "date": "2023-10-27", "close": 8.3, "volume": 0, "typical_volume": 2219.35, "trend": 9.248333, "fair_value": 13.307372, "relative_strength": -9.860842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.427846, "energy": 67.556171, "activity_lines": [ 8.436667, 8.727273, 8.964286, 9.095914 ] }, { "date": "2023-11-03", "close": 8.7, "volume": 824, "typical_volume": 2060.8, "trend": 9.23, "fair_value": 13.289423, "relative_strength": -8.368933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.939119, "energy": 61.191035, "activity_lines": [ 8.466667, 8.693636, 8.919524, 9.060538 ] }, { "date": "2023-11-10", "close": 8.15, "volume": 323, "typical_volume": 1999.5, "trend": 9.165, "fair_value": 13.264744, "relative_strength": -14.083415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.811408, "energy": 57.516104, "activity_lines": [ 8.353333, 8.557273, 8.830952, 8.99086 ] }, { "date": "2023-11-17", "close": 8.15, "volume": 1450, "typical_volume": 1621.8, "trend": 9.105, "fair_value": 13.235577, "relative_strength": -17.325978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.859093, "energy": 44.037635, "activity_lines": [ 8.29, 8.446364, 8.748571, 8.925376 ] }, { "date": "2023-11-24", "close": 7.95, "volume": 260, "typical_volume": 1480.0, "trend": 9.063333, "fair_value": 13.201282, "relative_strength": -19.326145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.833837, "energy": 46.735605, "activity_lines": [ 8.166667, 8.319091, 8.653095, 8.85086 ] }, { "date": "2023-12-01", "close": 8.45, "volume": 1551, "typical_volume": 1323.9, "trend": 9.038333, "fair_value": 13.170192, "relative_strength": -15.5381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.516163, "energy": 43.39311, "activity_lines": [ 8.233333, 8.31, 8.613333, 8.81129 ] }, { "date": "2023-12-08", "close": 7.95, "volume": 856, "typical_volume": 1317.3, "trend": 8.998333, "fair_value": 13.138462, "relative_strength": -21.600349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.146637, "energy": 46.421592, "activity_lines": [ 8.123333, 8.22, 8.527381, 8.741075 ] }, { "date": "2023-12-15", "close": 6.8, "volume": 11051, "typical_volume": 1869.85, "trend": 8.916667, "fair_value": 13.095513, "relative_strength": -32.108554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.361663, "energy": 72.36486, "activity_lines": [ 7.68, 7.945455, 8.33881, 8.599247 ] }, { "date": "2023-12-22", "close": 6.6, "volume": 1249, "typical_volume": 1907.3, "trend": 8.825, "fair_value": 13.053846, "relative_strength": -33.141339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.875649, "energy": 81.586697, "activity_lines": [ 7.26, 7.672727, 8.143571, 8.449785 ] }, { "date": "2023-12-29", "close": 6.9, "volume": 2356, "typical_volume": 2010.15, "trend": 8.74, "fair_value": 13.014103, "relative_strength": -29.423469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.194023, "energy": 82.441045, "activity_lines": [ 7.043333, 7.484545, 7.99, 8.325591 ] }, { "date": "2024-01-05", "close": 7.65, "volume": 592, "typical_volume": 2014.4, "trend": 8.69, "fair_value": 12.970833, "relative_strength": -20.278934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.000721, "energy": 74.78199, "activity_lines": [ 7.146667, 7.458182, 7.92, 8.255269 ] }, { "date": "2024-01-12", "close": 9.3, "volume": 2787, "typical_volume": 2085.75, "trend": 8.65, "fair_value": 12.938782, "relative_strength": -3.233641, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.967202, "energy": 19.134234, "activity_lines": [ 7.853333, 7.743636, 8.014524, 8.294624 ] }, { "date": "2024-01-19", "close": 8.7, "volume": 100, "typical_volume": 1812.75, "trend": 8.625, "fair_value": 12.89391, "relative_strength": -8.190138, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.744782, "energy": 18.706503, "activity_lines": [ 8.27, 7.909091, 8.048333, 8.297849 ] }, { "date": "2024-01-26", "close": 7.2, "volume": 2870, "typical_volume": 1708.95, "trend": 8.551667, "fair_value": 12.845192, "relative_strength": -25.214256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.120248, "energy": 27.390201, "activity_lines": [ 8.06, 7.791818, 7.943333, 8.205914 ] }, { "date": "2024-02-02", "close": 7.75, "volume": 2865, "typical_volume": 1711.55, "trend": 8.488333, "fair_value": 12.797436, "relative_strength": -18.81428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.038502, "energy": 20.472299, "activity_lines": [ 7.993333, 7.791818, 7.900476, 8.154194 ] }, { "date": "2024-02-09", "close": 7.75, "volume": 3208, "typical_volume": 1855.1, "trend": 8.455, "fair_value": 12.751603, "relative_strength": -18.364923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.099293, "energy": 16.305528, "activity_lines": [ 7.87, 7.795455, 7.865714, 8.106559 ] }, { "date": "2024-02-16", "close": 7.25, "volume": 4447, "typical_volume": 1992.9, "trend": 8.383333, "fair_value": 12.707692, "relative_strength": -23.91186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.290707, "energy": 33.090156, "activity_lines": [ 7.573333, 7.720909, 7.789286, 8.028817 ] }, { "date": "2024-02-23", "close": 6.8, "volume": 1718, "typical_volume": 1994.25, "trend": 8.296667, "fair_value": 12.657692, "relative_strength": -29.266888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.324424, "energy": 46.828025, "activity_lines": [ 7.263333, 7.577273, 7.679762, 7.926667 ] }, { "date": "2024-03-01", "close": 7.15, "volume": 375, "typical_volume": 1964.85, "trend": 8.223333, "fair_value": 12.609936, "relative_strength": -26.362373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.101082, "energy": 48.629027, "activity_lines": [ 7.196667, 7.497273, 7.613571, 7.852688 ] }, { "date": "2024-03-08", "close": 6.4, "volume": 1984, "typical_volume": 2043.3, "trend": 8.121667, "fair_value": 12.5625, "relative_strength": -33.768704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.027497, "energy": 62.535349, "activity_lines": [ 6.883333, 7.270909, 7.48119, 7.735054 ] }, { "date": "2024-03-15", "close": 5.65, "volume": 5684, "typical_volume": 2327.5, "trend": 8.003333, "fair_value": 12.510897, "relative_strength": -41.223103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.46011, "energy": 74.025254, "activity_lines": [ 6.41, 6.917273, 7.286429, 7.575591 ] }, { "date": "2024-03-22", "close": 5.7, "volume": 50, "typical_volume": 2288.8, "trend": 7.908333, "fair_value": 12.457692, "relative_strength": -40.93284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.12458, "energy": 74.965288, "activity_lines": [ 6.093333, 6.609091, 7.109048, 7.426989 ] }, { "date": "2024-03-29", "close": 5.35, "volume": 900, "typical_volume": 2317.65, "trend": 7.768333, "fair_value": 12.395833, "relative_strength": -44.845435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.516392, "energy": 80.716251, "activity_lines": [ 5.763333, 6.302727, 6.912619, 7.261935 ] }, { "date": "2024-04-05", "close": 5.4, "volume": 1207, "typical_volume": 2305.5, "trend": 7.64, "fair_value": 12.333013, "relative_strength": -42.736366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.013902, "energy": 77.412585, "activity_lines": [ 5.546667, 6.066364, 6.734286, 7.10914 ] }, { "date": "2024-04-12", "close": 5.05, "volume": 139, "typical_volume": 2299.45, "trend": 7.493333, "fair_value": 12.266026, "relative_strength": -44.988495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.147752, "energy": 79.113291, "activity_lines": [ 5.33, 5.799091, 6.535714, 6.942043 ] }, { "date": "2024-04-19", "close": 5.15, "volume": 968, "typical_volume": 2270.3, "trend": 7.365, "fair_value": 12.200962, "relative_strength": -42.56361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.451265, "energy": 69.134646, "activity_lines": [ 5.236667, 5.599091, 6.360476, 6.79086 ] }, { "date": "2024-04-26", "close": 5.1, "volume": 1777, "typical_volume": 2316.35, "trend": 7.225, "fair_value": 12.119551, "relative_strength": -43.813294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.202815, "energy": 68.553654, "activity_lines": [ 5.16, 5.437273, 6.19619, 6.644731 ] }, { "date": "2024-05-03", "close": 5.15, "volume": 798, "typical_volume": 1803.7, "trend": 7.1, "fair_value": 12.044231, "relative_strength": -42.113388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.456759, "energy": 73.233618, "activity_lines": [ 5.14, 5.323636, 6.050238, 6.51086 ] }, { "date": "2024-05-10", "close": 6.85, "volume": 4549, "typical_volume": 1968.7, "trend": 7.053333, "fair_value": 11.984936, "relative_strength": -25.559861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.207882, "energy": 29.148905, "activity_lines": [ 5.7, 5.549091, 6.074048, 6.494731 ] }, { "date": "2024-05-17", "close": 6.85, "volume": 20, "typical_volume": 1851.9, "trend": 7.005, "fair_value": 11.925641, "relative_strength": -24.690348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.877233, "energy": 20.376117, "activity_lines": [ 6.163333, 5.78, 6.096667, 6.481613 ] }, { "date": "2024-05-24", "close": 6.5, "volume": 83, "typical_volume": 1826.45, "trend": 6.945, "fair_value": 11.864744, "relative_strength": -27.818835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.688666, "energy": 24.539504, "activity_lines": [ 6.39, 5.939091, 6.08619, 6.449032 ] }, { "date": "2024-05-31", "close": 5.85, "volume": 1753, "typical_volume": 1774.75, "trend": 6.85, "fair_value": 11.797756, "relative_strength": -33.628643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.896344, "energy": 25.745207, "activity_lines": [ 6.31, 5.964545, 6.019286, 6.378387 ] }, { "date": "2024-06-07", "close": 6.25, "volume": 2848, "typical_volume": 1912.15, "trend": 6.786667, "fair_value": 11.730769, "relative_strength": -28.634869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.244776, "energy": 15.366429, "activity_lines": [ 6.313333, 6.06, 6.006905, 6.339677 ] }, { "date": "2024-06-14", "close": 6.2, "volume": 1181, "typical_volume": 1827.7, "trend": 6.721667, "fair_value": 11.666026, "relative_strength": -26.126687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.090371, "energy": 9.591631, "activity_lines": [ 6.226667, 6.13, 6.001429, 6.301828 ] }, { "date": "2024-06-21", "close": 6.15, "volume": 982, "typical_volume": 1733.55, "trend": 6.661667, "fair_value": 11.59968, "relative_strength": -26.591605, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.917345, "energy": 14.465408, "activity_lines": [ 6.166667, 6.176364, 5.995952, 6.264946 ] }, { "date": "2024-06-28", "close": 6.05, "volume": 1553, "typical_volume": 1650.8, "trend": 6.581667, "fair_value": 11.522436, "relative_strength": -27.311376, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.6859, "energy": 13.273643, "activity_lines": [ 6.12, 6.184545, 5.988571, 6.225484 ] }, { "date": "2024-07-05", "close": 5.95, "volume": 103, "typical_volume": 1433.6, "trend": 6.515, "fair_value": 11.447756, "relative_strength": -28.549158, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.383, "energy": 16.502208, "activity_lines": [ 6.07, 6.158182, 5.979762, 6.184731 ] }, { "date": "2024-07-12", "close": 5.85, "volume": 325, "typical_volume": 1363.95, "trend": 6.483333, "fair_value": 11.380128, "relative_strength": -30.082015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.103556, "energy": 19.413817, "activity_lines": [ 5.98, 6.098182, 5.967619, 6.141828 ] }, { "date": "2024-07-19", "close": 6.0, "volume": 2278, "typical_volume": 1459.1, "trend": 6.463333, "fair_value": 11.313462, "relative_strength": -25.206642, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.934034, "energy": 18.381776, "activity_lines": [ 5.966667, 6.052727, 5.974286, 6.110645 ] }, { "date": "2024-07-26", "close": 5.5, "volume": 612, "typical_volume": 1390.5, "trend": 6.416667, "fair_value": 11.244872, "relative_strength": -31.54227, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.115639, "energy": 32.225406, "activity_lines": [ 5.8, 5.931818, 5.93881, 6.048495 ] }, { "date": "2024-08-02", "close": 5.5, "volume": 153, "typical_volume": 1113.95, "trend": 6.345, "fair_value": 11.173077, "relative_strength": -27.735414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.927711, "energy": 38.899427, "activity_lines": [ 5.676667, 5.835455, 5.907619, 5.989355 ] }, { "date": "2024-08-09", "close": 5.35, "volume": 323, "typical_volume": 1127.6, "trend": 6.213333, "fair_value": 11.099038, "relative_strength": -29.016315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.901222, "energy": 53.770559, "activity_lines": [ 5.54, 5.73, 5.862857, 5.925161 ] }, { "date": "2024-08-16", "close": 5.6, "volume": 1758, "typical_volume": 1170.5, "trend": 6.11, "fair_value": 11.021474, "relative_strength": -27.191873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.827254, "energy": 48.555847, "activity_lines": [ 5.526667, 5.679091, 5.843571, 5.885591 ] }, { "date": "2024-08-23", "close": 5.8, "volume": 288, "typical_volume": 1124.55, "trend": 6.063333, "fair_value": 10.949679, "relative_strength": -25.039633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.792256, "energy": 33.283239, "activity_lines": [ 5.596667, 5.676364, 5.842143, 5.865591 ] }, { "date": "2024-08-30", "close": 5.8, "volume": 289, "typical_volume": 1132.05, "trend": 5.998333, "fair_value": 10.876603, "relative_strength": -25.098053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.731751, "energy": 23.166559, "activity_lines": [ 5.68, 5.680909, 5.83881, 5.848602 ] }, { "date": "2024-09-06", "close": 4.86, "volume": 1063, "typical_volume": 1136.8, "trend": 5.902, "fair_value": 10.795577, "relative_strength": -34.166812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.348301, "energy": 36.001615, "activity_lines": [ 5.43, 5.520909, 5.742381, 5.775161 ] }, { "date": "2024-09-13", "close": 4.76, "volume": 1631, "typical_volume": 1129.5, "trend": 5.819, "fair_value": 10.714551, "relative_strength": -35.852133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.376493, "energy": 52.463509, "activity_lines": [ 5.189333, 5.364364, 5.63781, 5.701484 ] }, { "date": "2024-09-20", "close": 4.78, "volume": 59, "typical_volume": 1092.55, "trend": 5.751667, "fair_value": 10.633013, "relative_strength": -34.629749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.105673, "energy": 65.082061, "activity_lines": [ 4.994667, 5.233091, 5.536762, 5.634452 ] }, { "date": "2024-09-27", "close": 4.6, "volume": 6199, "typical_volume": 1175.05, "trend": 5.666667, "fair_value": 10.557372, "relative_strength": -38.409422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.877116, "energy": 72.961924, "activity_lines": [ 4.794667, 5.088545, 5.420333, 5.560151 ] }, { "date": "2024-10-04", "close": 4.7, "volume": 6271, "typical_volume": 1487.6, "trend": 5.61, "fair_value": 10.482372, "relative_strength": -34.802865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.135135, "energy": 65.998176, "activity_lines": [ 4.708, 4.987636, 5.324143, 5.497785 ] }, { "date": "2024-10-11", "close": 4.56, "volume": 908, "typical_volume": 1528.85, "trend": 5.573667, "fair_value": 10.406474, "relative_strength": -36.574601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.536708, "energy": 56.549485, "activity_lines": [ 4.648, 4.875818, 5.224857, 5.430043 ] }, { "date": "2024-10-18", "close": 4.1, "volume": 11309, "typical_volume": 2006.65, "trend": 5.520333, "fair_value": 10.324423, "relative_strength": -42.750159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.890805, "energy": 55.898576, "activity_lines": [ 4.454667, 4.697455, 5.091, 5.334968 ] }, { "date": "2024-10-25", "close": 4.4, "volume": 715, "typical_volume": 1900.0, "trend": 5.488667, "fair_value": 10.239808, "relative_strength": -36.818728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.074578, "energy": 45.956317, "activity_lines": [ 4.405333, 4.596364, 4.994048, 5.262688 ] }, { "date": "2024-11-01", "close": 6.0, "volume": 10227, "typical_volume": 2352.3, "trend": 5.508667, "fair_value": 10.166731, "relative_strength": -11.67038, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.945889, "energy": 16.936455, "activity_lines": [ 4.914667, 4.808, 5.058286, 5.295677 ] }, { "date": "2024-11-08", "close": 5.2, "volume": 14891, "typical_volume": 3047.75, "trend": 5.513667, "fair_value": 10.091731, "relative_strength": -22.168727, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.346935, "energy": 16.454302, "activity_lines": [ 5.064, 4.870545, 5.047286, 5.275763 ] }, { "date": "2024-11-15", "close": 4.7, "volume": 4695, "typical_volume": 3204.85, "trend": 5.498667, "fair_value": 10.014167, "relative_strength": -28.579477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.232416, "energy": 20.09354, "activity_lines": [ 5.013333, 4.853091, 4.99319, 5.223269 ] }, { "date": "2024-11-22", "close": 4.66, "volume": 3530, "typical_volume": 3376.2, "trend": 5.484, "fair_value": 9.931218, "relative_strength": -28.575305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.160859, "energy": 20.698384, "activity_lines": [ 4.94, 4.831273, 4.941714, 5.169161 ] }, { "date": "2024-11-29", "close": 4.76, "volume": 2578, "typical_volume": 3488.85, "trend": 5.471, "fair_value": 9.845705, "relative_strength": -27.03855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.27428, "energy": 18.591047, "activity_lines": [ 4.862667, 4.829455, 4.905905, 5.122452 ] }, { "date": "2024-12-06", "close": 4.46, "volume": 619, "typical_volume": 3405.9, "trend": 5.391333, "fair_value": 9.760833, "relative_strength": -33.191769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.183451, "energy": 29.711191, "activity_lines": [ 4.661333, 4.773455, 4.846714, 5.057226 ] }, { "date": "2024-12-13", "close": 4.26, "volume": 568, "typical_volume": 3403.7, "trend": 5.305, "fair_value": 9.667628, "relative_strength": -35.50759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.986609, "energy": 41.288883, "activity_lines": [ 4.496, 4.683636, 4.77581, 4.984237 ] }, { "date": "2024-12-20", "close": 4.4, "volume": 1839, "typical_volume": 3488.0, "trend": 5.235, "fair_value": 9.570192, "relative_strength": -30.929128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.952558, "energy": 40.398831, "activity_lines": [ 4.44, 4.627273, 4.724143, 4.925849 ] }, { "date": "2024-12-27", "close": 4.4, "volume": 377, "typical_volume": 3490.7, "trend": 5.186667, "fair_value": 9.461218, "relative_strength": -30.473073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.463203, "energy": 42.856159, "activity_lines": [ 4.404, 4.573818, 4.677714, 4.871978 ] }, { "date": "2025-01-03", "close": 4.46, "volume": 69, "typical_volume": 3406.25, "trend": 5.127, "fair_value": 9.350064, "relative_strength": -28.215026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.20102, "energy": 34.456093, "activity_lines": [ 4.405333, 4.525818, 4.641524, 4.825097 ] }, { "date": "2025-01-10", "close": 4.7, "volume": 251, "typical_volume": 3404.4, "trend": 5.077, "fair_value": 9.248141, "relative_strength": -23.988916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.819543, "energy": 24.336338, "activity_lines": [ 4.506667, 4.520364, 4.633619, 4.797548 ] }, { "date": "2025-01-17", "close": 4.76, "volume": 311, "typical_volume": 3405.5, "trend": 5.030667, "fair_value": 9.149167, "relative_strength": -24.134061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.542865, "energy": 16.036061, "activity_lines": [ 4.612, 4.549455, 4.636667, 4.777097 ] }, { "date": "2025-01-24", "close": 4.76, "volume": 4084, "typical_volume": 3556.55, "trend": 4.987667, "fair_value": 9.061731, "relative_strength": -24.905109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.163246, "energy": 13.519028, "activity_lines": [ 4.684, 4.586545, 4.644667, 4.759634 ] }, { "date": "2025-01-31", "close": 4.56, "volume": 469, "typical_volume": 3498.45, "trend": 4.941333, "fair_value": 8.967244, "relative_strength": -28.016356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.553425, "energy": 14.471724, "activity_lines": [ 4.665333, 4.586182, 4.634095, 4.732043 ] }, { "date": "2025-02-07", "close": 4.4, "volume": 8088, "typical_volume": 3899.9, "trend": 4.893, "fair_value": 8.87109, "relative_strength": -29.527496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.596623, "energy": 14.833912, "activity_lines": [ 4.582667, 4.558545, 4.609238, 4.697118 ] }, { "date": "2025-02-14", "close": 3.4, "volume": 7882, "typical_volume": 3984.05, "trend": 4.806333, "fair_value": 8.767885, "relative_strength": -46.319347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.248353, "energy": 55.354254, "activity_lines": [ 4.170667, 4.355636, 4.490952, 4.600796 ] }, { "date": "2025-02-21", "close": 3.28, "volume": 9845, "typical_volume": 4162.75, "trend": 4.732333, "fair_value": 8.679295, "relative_strength": -46.804825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.17961, "energy": 71.725577, "activity_lines": [ 3.805333, 4.150182, 4.366952, 4.502323 ] }, { "date": "2025-02-28", "close": 2.9, "volume": 8207, "typical_volume": 4527.7, "trend": 4.645667, "fair_value": 8.602372, "relative_strength": -52.613617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.664066, "energy": 81.414615, "activity_lines": [ 3.412, 3.893455, 4.213524, 4.384108 ] }, { "date": "2025-03-07", "close": 2.86, "volume": 21107, "typical_volume": 5017.6, "trend": 4.562667, "fair_value": 8.513654, "relative_strength": -53.42091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.61421, "energy": 83.935717, "activity_lines": [ 3.129333, 3.656727, 4.06419, 4.268903 ] }, { "date": "2025-03-14", "close": 2.6, "volume": 27519, "typical_volume": 6357.8, "trend": 4.462667, "fair_value": 8.420064, "relative_strength": -56.98886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.083853, "energy": 85.395861, "activity_lines": [ 2.873333, 3.400727, 3.896, 4.14228 ] }, { "date": "2025-03-21", "close": 2.64, "volume": 8666, "typical_volume": 6279.75, "trend": 4.357333, "fair_value": 8.323526, "relative_strength": -55.502126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.443547, "energy": 81.709908, "activity_lines": [ 2.750667, 3.185818, 3.74019, 4.024688 ] }, { "date": "2025-03-28", "close": 3.28, "volume": 3317, "typical_volume": 5701.05, "trend": 4.273333, "fair_value": 8.229167, "relative_strength": -43.050541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.581468, "energy": 52.597097, "activity_lines": [ 2.892, 3.124727, 3.661333, 3.955183 ] }, { "date": "2025-04-04", "close": 2.9, "volume": 9245, "typical_volume": 5928.55, "trend": 4.208, "fair_value": 8.140064, "relative_strength": -44.558053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.824289, "energy": 47.32359, "activity_lines": [ 2.906667, 3.021455, 3.555429, 3.866581 ] }, { "date": "2025-04-11", "close": 2.58, "volume": 18034, "typical_volume": 6653.75, "trend": 4.135333, "fair_value": 8.050192, "relative_strength": -49.433024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.977005, "energy": 47.463492, "activity_lines": [ 2.814667, 2.893818, 3.427619, 3.761548 ] }, { "date": "2025-04-18", "close": 3.14, "volume": 9020, "typical_volume": 6975.85, "trend": 4.080667, "fair_value": 7.964551, "relative_strength": -40.21798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.609378, "energy": 32.64038, "activity_lines": [ 2.928, 2.904, 3.363048, 3.697333 ] }, { "date": "2025-04-25", "close": 2.96, "volume": 318, "typical_volume": 6960.8, "trend": 4.026, "fair_value": 7.885449, "relative_strength": -45.647881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.902217, "energy": 32.144869, "activity_lines": [ 2.945333, 2.904364, 3.289048, 3.625032 ] }, { "date": "2025-05-02", "close": 2.96, "volume": 12, "typical_volume": 6933.0, "trend": 3.968, "fair_value": 7.808269, "relative_strength": -46.977896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.187387, "energy": 29.178838, "activity_lines": [ 2.941333, 2.912727, 3.22219, 3.556258 ] }, { "date": "2025-05-09", "close": 2.96, "volume": 0, "typical_volume": 6841.05, "trend": 3.914667, "fair_value": 7.740064, "relative_strength": -46.900032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.041299, "energy": 24.96079, "activity_lines": [ 2.958667, 2.926909, 3.161524, 3.491226 ] }, { "date": "2025-05-16", "close": 2.86, "volume": 1815, "typical_volume": 6912.95, "trend": 3.873333, "fair_value": 7.666731, "relative_strength": -48.240938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.510933, "energy": 27.150485, "activity_lines": [ 2.938667, 2.921818, 3.09819, 3.423183 ] }, { "date": "2025-05-23", "close": 3.2, "volume": 3546, "typical_volume": 7086.8, "trend": 3.833333, "fair_value": 7.598141, "relative_strength": -40.708735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.986491, "energy": 21.541642, "activity_lines": [ 3.013333, 2.978545, 3.074571, 3.379742 ] }, { "date": "2025-05-30", "close": 3.46, "volume": 1029, "typical_volume": 7125.7, "trend": 3.748667, "fair_value": 7.533782, "relative_strength": -35.946168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.508049, "energy": 13.45084, "activity_lines": [ 3.170667, 3.071636, 3.081714, 3.355656 ] }, { "date": "2025-06-06", "close": 3.0, "volume": 1441, "typical_volume": 7182.2, "trend": 3.675333, "fair_value": 7.463269, "relative_strength": -44.145338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.238569, "energy": 12.008747, "activity_lines": [ 3.141333, 3.066182, 3.050952, 3.307355 ] }, { "date": "2025-06-13", "close": 2.86, "volume": 7257, "typical_volume": 7340.85, "trend": 3.614, "fair_value": 7.399551, "relative_strength": -43.879068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.787892, "energy": 13.448023, "activity_lines": [ 3.062667, 3.040364, 3.015238, 3.254753 ] }, { "date": "2025-06-20", "close": 2.92, "volume": 2478, "typical_volume": 7441.3, "trend": 3.556, "fair_value": 7.3375, "relative_strength": -41.180544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.538509, "energy": 18.724147, "activity_lines": [ 3.010667, 3.026182, 2.994286, 3.209978 ] }, { "date": "2025-06-27", "close": 2.86, "volume": 72, "typical_volume": 7040.5, "trend": 3.492667, "fair_value": 7.275705, "relative_strength": -42.927189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.501261, "energy": 26.242573, "activity_lines": [ 2.934667, 2.994909, 2.975429, 3.165075 ] }, { "date": "2025-07-04", "close": 3.12, "volume": 6142, "typical_volume": 6953.5, "trend": 3.448, "fair_value": 7.216218, "relative_strength": -35.968155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.654804, "energy": 22.294882, "activity_lines": [ 2.968, 3.016, 2.988667, 3.141032 ] }, { "date": "2025-07-11", "close": 3.5, "volume": 4431, "typical_volume": 6682.8, "trend": 3.422667, "fair_value": 7.159808, "relative_strength": -28.42789, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.998133, "energy": 4.822824, "activity_lines": [ 3.150667, 3.103273, 3.039429, 3.144387 ] }, { "date": "2025-07-18", "close": 3.7, "volume": 803, "typical_volume": 6312.6, "trend": 3.399333, "fair_value": 7.100192, "relative_strength": -23.140728, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.529223, "energy": 21.120647, "activity_lines": [ 3.366667, 3.217091, 3.10819, 3.16228 ] }, { "date": "2025-07-25", "close": 3.66, "volume": 44, "typical_volume": 5259.45, "trend": 3.374667, "fair_value": 7.044167, "relative_strength": -22.638384, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.256847, "energy": 39.922489, "activity_lines": [ 3.513333, 3.310182, 3.169333, 3.179097 ] }, { "date": "2025-08-01", "close": 3.7, "volume": 481, "typical_volume": 3907.55, "trend": 3.349333, "fair_value": 6.990962, "relative_strength": -17.910204, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.521558, "energy": 51.614461, "activity_lines": [ 3.624, 3.396, 3.230476, 3.200086 ] }, { "date": "2025-08-08", "close": 4.0, "volume": 2357, "typical_volume": 3592.1, "trend": 3.326, "fair_value": 6.941603, "relative_strength": -12.772183, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.51419, "energy": 56.412619, "activity_lines": [ 3.778667, 3.527273, 3.314952, 3.242065 ] }, { "date": "2025-08-15", "close": 5.7, "volume": 12574, "typical_volume": 4054.95, "trend": 3.357333, "fair_value": 6.90891, "relative_strength": 24.198843, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 91.808023, "energy": 83.417038, "activity_lines": [ 4.441333, 3.957818, 3.554857, 3.395226 ] }, { "date": "2025-08-22", "close": 5.55, "volume": 4247, "typical_volume": 3805.05, "trend": 3.383667, "fair_value": 6.881667, "relative_strength": 21.950658, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.153923, "energy": 85.391687, "activity_lines": [ 4.907333, 4.312, 3.768952, 3.536688 ] }, { "date": "2025-08-29", "close": 5.05, "volume": 8391, "typical_volume": 3322.9, "trend": 3.4, "fair_value": 6.848654, "relative_strength": 14.226599, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.779111, "energy": 78.228207, "activity_lines": [ 5.083333, 4.526364, 3.92281, 3.644194 ] }, { "date": "2025-09-05", "close": 4.36, "volume": 1769, "typical_volume": 2960.35, "trend": 3.398667, "fair_value": 6.811859, "relative_strength": 0.741122, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.228787, "energy": 70.03916, "activity_lines": [ 4.936667, 4.576545, 3.99919, 3.706129 ] }, { "date": "2025-09-12", "close": 4.58, "volume": 3744, "typical_volume": 3131.65, "trend": 3.438, "fair_value": 6.776474, "relative_strength": 6.054148, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.642983, "energy": 45.758839, "activity_lines": [ 4.819333, 4.639455, 4.090714, 3.782344 ] }, { "date": "2025-09-19", "close": 4.6, "volume": 13, "typical_volume": 3131.7, "trend": 3.482, "fair_value": 6.745385, "relative_strength": 7.470949, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.517292, "energy": 30.555595, "activity_lines": [ 4.67, 4.679455, 4.176429, 3.857312 ] }, { "date": "2025-09-26", "close": 4.16, "volume": 541, "typical_volume": 3158.75, "trend": 3.524, "fair_value": 6.707949, "relative_strength": -2.587612, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.618715, "energy": 19.822672, "activity_lines": [ 4.447333, 4.619455, 4.212429, 3.901054 ] }, { "date": "2025-10-03", "close": 4.06, "volume": 654, "typical_volume": 3100.7, "trend": 3.564, "fair_value": 6.675641, "relative_strength": -6.63129, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.15816, "energy": 19.084278, "activity_lines": [ 4.284, 4.532909, 4.23319, 3.935634 ] }, { "date": "2025-10-10", "close": 3.96, "volume": 2657, "typical_volume": 3056.25, "trend": 3.609333, "fair_value": 6.647179, "relative_strength": -7.69842, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.116322, "energy": 18.860634, "activity_lines": [ 4.153333, 4.420909, 4.238714, 3.961183 ] }, { "date": "2025-10-17", "close": 3.86, "volume": 215, "typical_volume": 3015.55, "trend": 3.65, "fair_value": 6.614872, "relative_strength": -8.013821, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.472866, "energy": 17.03057, "activity_lines": [ 4.016, 4.286, 4.231095, 3.977355 ] }, { "date": "2025-10-24", "close": 4.16, "volume": 1783, "typical_volume": 3032.65, "trend": 3.679333, "fair_value": 6.587051, "relative_strength": -1.953948, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.432258, "energy": 12.162076, "activity_lines": [ 4.026667, 4.208182, 4.250143, 4.010258 ] }, { "date": "2025-10-31", "close": 4.16, "volume": 133, "typical_volume": 2676.45, "trend": 3.721333, "fair_value": 6.556026, "relative_strength": 0.725269, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.78786, "energy": 10.268465, "activity_lines": [ 4.066667, 4.158364, 4.263667, 4.041269 ] }, { "date": "2025-11-07", "close": 3.48, "volume": 26447, "typical_volume": 3874.9, "trend": 3.751333, "fair_value": 6.518077, "relative_strength": -13.159872, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.42798, "energy": 8.619063, "activity_lines": [ 3.88, 4.010182, 4.206238, 4.025699 ] }, { "date": "2025-11-14", "close": 3.16, "volume": 6951, "typical_volume": 4218.85, "trend": 3.752, "fair_value": 6.474551, "relative_strength": -21.156174, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.524843, "energy": 32.760296, "activity_lines": [ 3.625333, 3.832364, 4.115667, 3.987548 ] }, { "date": "2025-11-21", "close": 3.26, "volume": 259, "typical_volume": 3924.7, "trend": 3.762, "fair_value": 6.4275, "relative_strength": -14.922533, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.968165, "energy": 43.819333, "activity_lines": [ 3.457333, 3.694545, 4.03319, 3.955806 ] }, { "date": "2025-11-28", "close": 3.16, "volume": 11900, "typical_volume": 4298.15, "trend": 3.768667, "fair_value": 6.377244, "relative_strength": -19.078219, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.523082, "energy": 51.233901, "activity_lines": [ 3.296, 3.562545, 3.940524, 3.916968 ] }, { "date": "2025-12-05", "close": 3.9, "volume": 2306, "typical_volume": 4373.3, "trend": 3.8, "fair_value": 6.334295, "relative_strength": -0.262225, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.013498, "energy": 40.77758, "activity_lines": [ 3.448, 3.591273, 3.919952, 3.925441 ] }, { "date": "2025-12-12", "close": 3.86, "volume": 952, "typical_volume": 4418.7, "trend": 3.833333, "fair_value": 6.289808, "relative_strength": -1.358312, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.668178, "energy": 17.451323, "activity_lines": [ 3.604, 3.617455, 3.894619, 3.929312 ] }, { "date": "2025-12-19", "close": 3.8, "volume": 3474, "typical_volume": 4568.35, "trend": 3.853333, "fair_value": 6.246218, "relative_strength": -2.548203, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.165779, "energy": 6.70839, "activity_lines": [ 3.714667, 3.636364, 3.862619, 3.927161 ] }, { "date": "2025-12-26", "close": 3.76, "volume": 51, "typical_volume": 4453.05, "trend": 3.863333, "fair_value": 6.199808, "relative_strength": -3.015475, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.410252, "energy": 9.542146, "activity_lines": [ 3.769333, 3.650909, 3.826333, 3.92114 ] }, { "date": "2026-01-02", "close": 3.48, "volume": 1952, "typical_volume": 3921.95, "trend": 3.879333, "fair_value": 6.152885, "relative_strength": -10.07378, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.68764, "energy": 7.94676, "activity_lines": [ 3.697333, 3.616364, 3.764524, 3.896409 ] }, { "date": "2026-01-09", "close": 3.36, "volume": 9140, "typical_volume": 4166.6, "trend": 3.896, "fair_value": 6.105833, "relative_strength": -14.621364, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.278021, "energy": 24.647317, "activity_lines": [ 3.564, 3.572364, 3.701857, 3.862903 ] }, { "date": "2026-01-16", "close": 3.46, "volume": 2512, "typical_volume": 3872.65, "trend": 3.914, "fair_value": 6.062628, "relative_strength": -11.206893, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.648346, "energy": 27.46808, "activity_lines": [ 3.5, 3.561091, 3.659143, 3.834774 ] }, { "date": "2026-01-23", "close": 2.85, "volume": 1256, "typical_volume": 3847.0, "trend": 3.913667, "fair_value": 6.015513, "relative_strength": -24.680988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.360944, "energy": 50.102388, "activity_lines": [ 3.259333, 3.439273, 3.565905, 3.766129 ] }, { "date": "2026-01-30", "close": 2.85, "volume": 4022, "typical_volume": 3860.9, "trend": 3.904667, "fair_value": 5.970962, "relative_strength": -22.653145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.307485, "energy": 57.445837, "activity_lines": [ 3.082, 3.323091, 3.479857, 3.697505 ] }, { "date": "2026-02-06", "close": 2.81, "volume": 1003, "typical_volume": 3910.4, "trend": 3.881667, "fair_value": 5.926795, "relative_strength": -23.436441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.991943, "energy": 64.666204, "activity_lines": [ 2.952, 3.207091, 3.398238, 3.626882 ] }, { "date": "2026-02-13", "close": 2.71, "volume": 721, "typical_volume": 3919.4, "trend": 3.848667, "fair_value": 5.880385, "relative_strength": -26.331166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.091116, "energy": 70.419253, "activity_lines": [ 2.833333, 3.079273, 3.315619, 3.55129 ] }, { "date": "2026-02-20", "close": 2.66, "volume": 179, "typical_volume": 3895.65, "trend": 3.815333, "fair_value": 5.835256, "relative_strength": -28.28923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.622888, "energy": 70.963464, "activity_lines": [ 2.741333, 2.964, 3.235143, 3.474602 ] }, { "date": "2026-02-27", "close": 3.16, "volume": 17717, "typical_volume": 4648.65, "trend": 3.797333, "fair_value": 5.792372, "relative_strength": -14.848854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.742886, "energy": 47.126669, "activity_lines": [ 2.869333, 2.961455, 3.208952, 3.432323 ] }, { "date": "2026-03-06", "close": 3.06, "volume": 415, "typical_volume": 4658.65, "trend": 3.766, "fair_value": 5.750449, "relative_strength": -11.687859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.034884, "energy": 35.809379, "activity_lines": [ 2.943333, 2.952364, 3.177048, 3.384753 ] }, { "date": "2026-03-13", "close": 3.3, "volume": 8152, "typical_volume": 4977.1, "trend": 3.686, "fair_value": 5.709744, "relative_strength": -4.523006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.208423, "energy": 22.212882, "activity_lines": [ 3.083333, 2.999636, 3.17181, 3.354688 ] }, { "date": "2026-03-20", "close": 3.08, "volume": 1541, "typical_volume": 5047.5, "trend": 3.603667, "fair_value": 5.670192, "relative_strength": -6.910009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.79047, "energy": 19.185573, "activity_lines": [ 3.117333, 3.010182, 3.149714, 3.315591 ] }, { "date": "2026-03-27", "close": 2.96, "volume": 263, "typical_volume": 3738.3, "trend": 3.534, "fair_value": 5.631474, "relative_strength": -10.062649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.445306, "energy": 17.367023, "activity_lines": [ 3.086667, 3.004, 3.121333, 3.274065 ] }, { "date": "2026-04-03", "close": 2.96, "volume": 33, "typical_volume": 3392.4, "trend": 3.487333, "fair_value": 5.591154, "relative_strength": -13.285739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.404624, "energy": 18.293786, "activity_lines": [ 3.036, 3.006909, 3.095429, 3.237032 ] }, { "date": "2026-04-10", "close": 2.88, "volume": 1619, "typical_volume": 3460.4, "trend": 3.430667, "fair_value": 5.544872, "relative_strength": -17.822613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.188781, "energy": 29.057663, "activity_lines": [ 2.972, 2.993273, 3.062857, 3.197849 ] }, { "date": "2026-04-17", "close": 3.16, "volume": 5413, "typical_volume": 3136.05, "trend": 3.382667, "fair_value": 5.501346, "relative_strength": -12.882766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.292325, "energy": 24.60116, "activity_lines": [ 3.013333, 3.03, 3.058762, 3.180387 ] }, { "date": "2026-04-24", "close": 3.1, "volume": 1669, "typical_volume": 3104.2, "trend": 3.347333, "fair_value": 5.462244, "relative_strength": -12.453675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.210386, "energy": 18.258467, "activity_lines": [ 3.044, 3.049455, 3.048952, 3.162151 ] }, { "date": "2026-05-01", "close": 3.0, "volume": 280, "typical_volume": 3070.6, "trend": 3.312, "fair_value": 5.4225, "relative_strength": -15.795576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.551605, "energy": 17.82348, "activity_lines": [ 3.04, 3.043636, 3.033429, 3.139742 ] }, { "date": "2026-05-08", "close": 3.0, "volume": 7363, "typical_volume": 3265.05, "trend": 3.28, "fair_value": 5.383077, "relative_strength": -15.925819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.551042, "energy": 11.7986, "activity_lines": [ 3.033333, 3.031636, 3.022, 3.119613 ] }, { "date": "2026-05-15", "close": 3.02, "volume": 1270, "typical_volume": 3326.0, "trend": 3.252, "fair_value": 5.343141, "relative_strength": -14.058961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.30324, "energy": 12.314875, "activity_lines": [ 3.030667, 3.026182, 3.016286, 3.102839 ] }, { "date": "2026-05-22", "close": 3.04, "volume": 461, "typical_volume": 3251.45, "trend": 3.214667, "fair_value": 5.302692, "relative_strength": -16.605029, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.168268, "energy": 12.389832, "activity_lines": [ 3.025333, 3.025091, 3.016, 3.089161 ] }, { "date": "2026-05-29", "close": 3.08, "volume": 198, "typical_volume": 2804.35, "trend": 3.178667, "fair_value": 5.261859, "relative_strength": -15.998078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.184125, "energy": 11.083174, "activity_lines": [ 3.041333, 3.036, 3.021619, 3.080473 ] }, { "date": "2026-06-05", "close": 3.02, "volume": 0, "typical_volume": 2678.75, "trend": 3.163333, "fair_value": 5.222564, "relative_strength": -16.468574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.215132, "energy": 10.418657, "activity_lines": [ 3.038667, 3.036, 3.022857, 3.070237 ] }, { "date": "2026-06-12", "close": 2.68, "volume": 1122, "typical_volume": 2672.05, "trend": 3.147333, "fair_value": 5.172436, "relative_strength": -25.374309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.877639, "energy": 39.097889, "activity_lines": [ 2.921333, 2.973091, 2.99381, 3.039054 ] }, { "date": "2026-06-19", "close": 2.66, "volume": 488, "typical_volume": 2495.35, "trend": 3.127333, "fair_value": 5.12891, "relative_strength": -26.79077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.194744, "energy": 58.813927, "activity_lines": [ 2.818667, 2.911636, 2.963667, 3.007613 ] }, { "date": "2026-06-26", "close": 2.68, "volume": 60, "typical_volume": 2448.2, "trend": 3.111333, "fair_value": 5.085833, "relative_strength": -25.19715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.593544, "energy": 67.077921, "activity_lines": [ 2.746667, 2.857818, 2.936333, 2.978753 ] }, { "date": "2026-07-03", "close": 2.68, "volume": 5, "typical_volume": 2412.4, "trend": 3.070667, "fair_value": 5.041154, "relative_strength": -28.153642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.488639, "energy": 70.974466, "activity_lines": [ 2.698667, 2.812727, 2.909619, 2.950925 ] }, { "date": "2026-07-10", "close": 2.48, "volume": 1733, "typical_volume": 2490.1, "trend": 3.024667, "fair_value": 5.000962, "relative_strength": -31.211582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.261887, "energy": 78.209095, "activity_lines": [ 2.610667, 2.738909, 2.864, 2.912817 ] }, { "date": "2026-07-17", "close": 2.08, "volume": 2475, "typical_volume": 1728.0, "trend": 2.967333, "fair_value": 4.954038, "relative_strength": -41.219023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.800321, "energy": 90.522688, "activity_lines": [ 2.425333, 2.601818, 2.781143, 2.851871 ] }, { "date": "2026-07-24", "close": 2.08, "volume": 4, "typical_volume": 1707.45, "trend": 2.911333, "fair_value": 4.907115, "relative_strength": -41.306068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.274519, "energy": 93.783249, "activity_lines": [ 2.28, 2.481455, 2.703429, 2.794624 ] }, { "date": "2026-07-31", "close": 2.02, "volume": 3, "typical_volume": 1300.0, "trend": 2.862667, "fair_value": 4.860128, "relative_strength": -43.57028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.077534, "energy": 93.229349, "activity_lines": [ 2.153333, 2.367273, 2.624667, 2.737118 ] }, { "date": "2026-08-07", "close": 1.97, "volume": 4349, "typical_volume": 1440.4, "trend": 2.816333, "fair_value": 4.812179, "relative_strength": -45.732606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.268899, "energy": 92.258752, "activity_lines": [ 2.054, 2.262545, 2.547238, 2.679527 ] } ], "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." } } }