{
  "ticker": {
    "uuid": "9919cdf1-ce78-43d1-9bcd-485f3df34e07",
    "symbol": "KK",
    "name": "Kruso Kapital S.p.A.",
    "exchange": "MIL",
    "country": "IT",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "FTSEMIB.MI",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 52.972,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 16.751,
    "architecture_energy": 10.319,
    "architecture_maturity": 32.791,
    "architecture_confidence": 67.786,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 62.11,
        "rotation_up": 24.56,
        "upward_expansion": 46.49,
        "deceleration": 82.01,
        "rotation_down": 26.81,
        "downward_expansion": 24.49
      },
      "activity_lines": [
        0.01784,
        0.018031,
        0.018076,
        0.0178
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 0.018,
    "trend_reference": 0.017386,
    "distance_from_trend": 0.035296,
    "trend_direction": "Improving",
    "fair_value": 0.018685,
    "distance_from_fair_value": -0.036676,
    "fair_value_direction": "Improving",
    "relative_strength": -11.874739,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.130795,
    "excess_performance": -0.040096,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.035296,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036175,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.036676,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004848,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.118747,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.000157,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.130795,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.905854,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 12469053,
      "relative_activity": 1.084449,
      "balance": 0.905854,
      "dry_up": 2.797261,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.072222,
      "annualized_volatility": 0.326246,
      "from_high_reference": -0.134615,
      "from_low_reference": 0.191895
    },
    "levels": {
      "trend_reference": 0.017386,
      "fair_value_reference": 0.018685,
      "structural_low": 0.015204,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-01",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": -0.010634,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-19",
        "end": "2026-02-20",
        "tenure": "Established",
        "return": -0.064841,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-27",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": 0.053932,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": 0.022989,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.021739,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2024-01-26",
        "close": 0.020204,
        "volume": 264600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 0.020204,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 0.020204,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 0.020204,
        "volume": 529200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 0.020204,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 0.019387,
        "volume": 970200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 0.018775,
        "volume": 529200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 0.018775,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 0.019132,
        "volume": 264600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 0.019387,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 0.019387,
        "volume": 176400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 0.019387,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 0.018877,
        "volume": 176400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 0.018979,
        "volume": 264600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 0.018979,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 0.018979,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 0.019081,
        "volume": 441000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 0.019387,
        "volume": 705600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 0.020408,
        "volume": 1058400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 0.020408,
        "volume": 793800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 0.020408,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 0.019183,
        "volume": 1764000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 0.019591,
        "volume": 176400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 0.019081,
        "volume": 176400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 0.019081,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 0.019081,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 0.019387,
        "volume": 352800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 0.019387,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 0.018877,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 0.018877,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 0.018877,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 0.019387,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 0.019387,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 0.019387,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 0.019387,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 0.019693,
        "volume": 352800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 0.019693,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 0.019183,
        "volume": 176400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 0.018775,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 0.018775,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 0.018775,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 0.019081,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 0.019081,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 0.019081,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 0.019081,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 0.019285,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 0.019285,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 0.019795,
        "volume": 264600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 0.019795,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 0.019795,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 0.019795,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 0.019795,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 0.019285,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 0.019285,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 0.019285,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 0.019285,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 0.019285,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 0.019285,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 0.019285,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 0.019387,
        "volume": 352800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 0.019897,
        "volume": 176400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 0.019897,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 0.019897,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 0.019897,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 0.019897,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 0.019897,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 0.019897,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 0.019897,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 0.019591,
        "volume": 1058400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-23",
        "close": 0.02,
        "volume": 441000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-30",
        "close": 0.019591,
        "volume": 705600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-06",
        "close": 0.019387,
        "volume": 88200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-13",
        "close": 0.019693,
        "volume": 176400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-20",
        "close": 0.019693,
        "volume": 176400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-27",
        "close": 0.019693,
        "volume": 617400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-04",
        "close": 0.019795,
        "volume": 4321800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-11",
        "close": 0.019285,
        "volume": 264600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-18",
        "close": 0.018877,
        "volume": 352800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-25",
        "close": 0.019693,
        "volume": 352800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-01",
        "close": 0.019183,
        "volume": 1234800,
        "typical_volume": 498330.0,
        "trend": 0.019588,
        "fair_value": 0.019457,
        "relative_strength": -10.253077,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -27.844898,
        "energy": 38.939683,
        "activity_lines": [
          0.019312,
          0.019428,
          0.019572,
          0.019591
        ]
      },
      {
        "date": "2025-08-08",
        "close": 0.019489,
        "volume": 176400,
        "typical_volume": 498330.0,
        "trend": 0.019577,
        "fair_value": 0.019457,
        "relative_strength": -12.10659,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -19.522741,
        "energy": 23.650716,
        "activity_lines": [
          0.019353,
          0.019428,
          0.019553,
          0.019585
        ]
      },
      {
        "date": "2025-08-15",
        "close": 0.019489,
        "volume": 0,
        "typical_volume": 498330.0,
        "trend": 0.019567,
        "fair_value": 0.019457,
        "relative_strength": -13.873297,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -16.658589,
        "energy": 9.675198,
        "activity_lines": [
          0.019414,
          0.01943,
          0.019537,
          0.019579
        ]
      },
      {
        "date": "2025-08-22",
        "close": 0.019489,
        "volume": 0,
        "typical_volume": 498330.0,
        "trend": 0.019574,
        "fair_value": 0.019458,
        "relative_strength": -14.83517,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -33.360342,
        "energy": 16.880384,
        "activity_lines": [
          0.019462,
          0.01943,
          0.019522,
          0.019574
        ]
      },
      {
        "date": "2025-08-29",
        "close": 0.019081,
        "volume": 617400,
        "typical_volume": 529200.0,
        "trend": 0.019567,
        "fair_value": 0.019453,
        "relative_strength": -14.067025,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -56.009325,
        "energy": 26.35612,
        "activity_lines": [
          0.019333,
          0.019359,
          0.019471,
          0.019542
        ]
      },
      {
        "date": "2025-09-05",
        "close": 0.019081,
        "volume": 0,
        "typical_volume": 529200.0,
        "trend": 0.01956,
        "fair_value": 0.019449,
        "relative_strength": -12.456688,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -58.052536,
        "energy": 38.46895,
        "activity_lines": [
          0.019244,
          0.0193,
          0.019423,
          0.019511
        ]
      },
      {
        "date": "2025-09-12",
        "close": 0.018979,
        "volume": 882000,
        "typical_volume": 573300.0,
        "trend": 0.01955,
        "fair_value": 0.019443,
        "relative_strength": -14.47097,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -60.171518,
        "energy": 51.662774,
        "activity_lines": [
          0.019129,
          0.019233,
          0.01937,
          0.019473
        ]
      },
      {
        "date": "2025-09-19",
        "close": 0.018877,
        "volume": 176400,
        "typical_volume": 582120.0,
        "trend": 0.019537,
        "fair_value": 0.019437,
        "relative_strength": -14.013672,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.153162,
        "energy": 61.612927,
        "activity_lines": [
          0.019013,
          0.019163,
          0.019311,
          0.01943
        ]
      },
      {
        "date": "2025-09-26",
        "close": 0.018163,
        "volume": 882000,
        "typical_volume": 626220.0,
        "trend": 0.019499,
        "fair_value": 0.019422,
        "relative_strength": -17.482177,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.780388,
        "energy": 76.406225,
        "activity_lines": [
          0.0187,
          0.01897,
          0.019189,
          0.019341
        ]
      },
      {
        "date": "2025-10-03",
        "close": 0.018571,
        "volume": 176400,
        "typical_volume": 582120.0,
        "trend": 0.019475,
        "fair_value": 0.019413,
        "relative_strength": -16.333108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.879313,
        "energy": 78.80583,
        "activity_lines": [
          0.018612,
          0.018864,
          0.019114,
          0.019281
        ]
      },
      {
        "date": "2025-10-10",
        "close": 0.018367,
        "volume": 1058400,
        "typical_volume": 612990.0,
        "trend": 0.019441,
        "fair_value": 0.019401,
        "relative_strength": -14.478881,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.494775,
        "energy": 83.041806,
        "activity_lines": [
          0.018489,
          0.018742,
          0.019025,
          0.01921
        ]
      },
      {
        "date": "2025-10-17",
        "close": 0.017653,
        "volume": 1234800,
        "typical_volume": 639450.0,
        "trend": 0.019367,
        "fair_value": 0.019382,
        "relative_strength": -16.886575,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -90.342023,
        "energy": 92.142717,
        "activity_lines": [
          0.018177,
          0.018504,
          0.018875,
          0.019094
        ]
      },
      {
        "date": "2025-10-24",
        "close": 0.017653,
        "volume": 264600,
        "typical_volume": 648270.0,
        "trend": 0.019292,
        "fair_value": 0.019363,
        "relative_strength": -17.926655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.719407,
        "energy": 92.684415,
        "activity_lines": [
          0.017952,
          0.0183,
          0.018735,
          0.018984
        ]
      },
      {
        "date": "2025-10-31",
        "close": 0.017346,
        "volume": 88200,
        "typical_volume": 643860.0,
        "trend": 0.019207,
        "fair_value": 0.019342,
        "relative_strength": -20.215743,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -89.214732,
        "energy": 95.494404,
        "activity_lines": [
          0.017707,
          0.018074,
          0.018573,
          0.018858
        ]
      },
      {
        "date": "2025-11-07",
        "close": 0.016938,
        "volume": 3439800,
        "typical_volume": 807030.0,
        "trend": 0.019108,
        "fair_value": 0.019316,
        "relative_strength": -21.11496,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -90.205965,
        "energy": 95.906337,
        "activity_lines": [
          0.01738,
          0.017812,
          0.018384,
          0.018712
        ]
      },
      {
        "date": "2025-11-14",
        "close": 0.01653,
        "volume": 2646000,
        "typical_volume": 908460.0,
        "trend": 0.018996,
        "fair_value": 0.019287,
        "relative_strength": -24.369668,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.244584,
        "energy": 93.38145,
        "activity_lines": [
          0.017027,
          0.017515,
          0.01817,
          0.018546
        ]
      },
      {
        "date": "2025-11-21",
        "close": 0.016122,
        "volume": 88200,
        "typical_volume": 696780.0,
        "trend": 0.01887,
        "fair_value": 0.019254,
        "relative_strength": -23.362717,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.726606,
        "energy": 90.541704,
        "activity_lines": [
          0.016659,
          0.017191,
          0.017931,
          0.01836
        ]
      },
      {
        "date": "2025-11-28",
        "close": 0.01602,
        "volume": 1764000,
        "typical_volume": 771750.0,
        "trend": 0.018741,
        "fair_value": 0.01922,
        "relative_strength": -24.474656,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.761924,
        "energy": 84.414141,
        "activity_lines": [
          0.01636,
          0.016899,
          0.0177,
          0.018176
        ]
      },
      {
        "date": "2025-12-05",
        "close": 0.015612,
        "volume": 6703200,
        "typical_volume": 1089270.0,
        "trend": 0.018598,
        "fair_value": 0.019184,
        "relative_strength": -25.957899,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.282881,
        "energy": 73.664629,
        "activity_lines": [
          0.016034,
          0.016586,
          0.017446,
          0.017974
        ]
      },
      {
        "date": "2025-12-12",
        "close": 0.015816,
        "volume": 1411200,
        "typical_volume": 1142190.0,
        "trend": 0.018472,
        "fair_value": 0.01915,
        "relative_strength": -24.564406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.254798,
        "energy": 77.47021,
        "activity_lines": [
          0.015891,
          0.016356,
          0.017227,
          0.017795
        ]
      },
      {
        "date": "2025-12-19",
        "close": 0.016938,
        "volume": 4762800,
        "typical_volume": 1318590.0,
        "trend": 0.01837,
        "fair_value": 0.019127,
        "relative_strength": -20.801462,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.043831,
        "energy": 62.102874,
        "activity_lines": [
          0.016197,
          0.01638,
          0.017133,
          0.017696
        ]
      },
      {
        "date": "2025-12-26",
        "close": 0.01653,
        "volume": 2910600,
        "typical_volume": 1455300.0,
        "trend": 0.018268,
        "fair_value": 0.019102,
        "relative_strength": -21.790029,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.487967,
        "energy": 54.075307,
        "activity_lines": [
          0.01634,
          0.016356,
          0.017011,
          0.017577
        ]
      },
      {
        "date": "2026-01-02",
        "close": 0.017346,
        "volume": 2293200,
        "typical_volume": 1569960.0,
        "trend": 0.0182,
        "fair_value": 0.019084,
        "relative_strength": -18.663774,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.523406,
        "energy": 29.975575,
        "activity_lines": [
          0.016727,
          0.0165,
          0.016981,
          0.017518
        ]
      },
      {
        "date": "2026-01-09",
        "close": 0.016938,
        "volume": 10848600,
        "typical_volume": 2112390.0,
        "trend": 0.018108,
        "fair_value": 0.019064,
        "relative_strength": -20.546739,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.85474,
        "energy": 27.374724,
        "activity_lines": [
          0.01689,
          0.016576,
          0.016922,
          0.017436
        ]
      },
      {
        "date": "2026-01-16",
        "close": 0.016326,
        "volume": 6438600,
        "typical_volume": 2403450.0,
        "trend": 0.017996,
        "fair_value": 0.019037,
        "relative_strength": -22.951324,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.188788,
        "energy": 24.310096,
        "activity_lines": [
          0.016761,
          0.016549,
          0.016817,
          0.017321
        ]
      },
      {
        "date": "2026-01-23",
        "close": 0.015714,
        "volume": 5468400,
        "typical_volume": 2676870.0,
        "trend": 0.017863,
        "fair_value": 0.019006,
        "relative_strength": -23.660141,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.274611,
        "energy": 36.984822,
        "activity_lines": [
          0.016394,
          0.016421,
          0.016667,
          0.017174
        ]
      },
      {
        "date": "2026-01-30",
        "close": 0.015306,
        "volume": 2381400,
        "typical_volume": 2751840.0,
        "trend": 0.017714,
        "fair_value": 0.018971,
        "relative_strength": -26.181983,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.086867,
        "energy": 51.458327,
        "activity_lines": [
          0.015972,
          0.016233,
          0.016494,
          0.017009
        ]
      },
      {
        "date": "2026-02-06",
        "close": 0.015918,
        "volume": 24078600,
        "typical_volume": 3946950.0,
        "trend": 0.017601,
        "fair_value": 0.018942,
        "relative_strength": -23.254001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.108642,
        "energy": 49.550709,
        "activity_lines": [
          0.015836,
          0.016172,
          0.016397,
          0.016893
        ]
      },
      {
        "date": "2026-02-13",
        "close": 0.017551,
        "volume": 16140600,
        "typical_volume": 4709880.0,
        "trend": 0.017557,
        "fair_value": 0.018929,
        "relative_strength": -14.106238,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.768431,
        "energy": 26.758058,
        "activity_lines": [
          0.01634,
          0.01641,
          0.016469,
          0.01689
        ]
      },
      {
        "date": "2026-02-20",
        "close": 0.017653,
        "volume": 9261000,
        "typical_volume": 5164110.0,
        "trend": 0.017489,
        "fair_value": 0.018918,
        "relative_strength": -15.100955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -2.655854,
        "energy": 5.649653,
        "activity_lines": [
          0.016837,
          0.01663,
          0.016554,
          0.016896
        ]
      },
      {
        "date": "2026-02-27",
        "close": 0.01704,
        "volume": 2293200,
        "typical_volume": 5225850.0,
        "trend": 0.017418,
        "fair_value": 0.018901,
        "relative_strength": -18.847202,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.956091,
        "energy": 17.166262,
        "activity_lines": [
          0.01704,
          0.016706,
          0.016586,
          0.016867
        ]
      },
      {
        "date": "2026-03-06",
        "close": 0.01653,
        "volume": 4939200,
        "typical_volume": 5411070.0,
        "trend": 0.017319,
        "fair_value": 0.018879,
        "relative_strength": -15.365017,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.238072,
        "energy": 18.438208,
        "activity_lines": [
          0.016986,
          0.016688,
          0.016574,
          0.01681
        ]
      },
      {
        "date": "2026-03-13",
        "close": 0.016836,
        "volume": 5909400,
        "typical_volume": 5693310.0,
        "trend": 0.017231,
        "fair_value": 0.018861,
        "relative_strength": -13.662654,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.396826,
        "energy": 12.803171,
        "activity_lines": [
          0.016952,
          0.016725,
          0.016598,
          0.016779
        ]
      },
      {
        "date": "2026-03-20",
        "close": 0.01551,
        "volume": 4498200,
        "typical_volume": 5913810.0,
        "trend": 0.017098,
        "fair_value": 0.018831,
        "relative_strength": -17.187798,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.001589,
        "energy": 23.936341,
        "activity_lines": [
          0.016414,
          0.01653,
          0.016499,
          0.016668
        ]
      },
      {
        "date": "2026-03-27",
        "close": 0.016326,
        "volume": 1411200,
        "typical_volume": 5812380.0,
        "trend": 0.017006,
        "fair_value": 0.018809,
        "relative_strength": -13.389102,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.4725,
        "energy": 22.480647,
        "activity_lines": [
          0.016285,
          0.01651,
          0.016486,
          0.016618
        ]
      },
      {
        "date": "2026-04-03",
        "close": 0.016836,
        "volume": 3087000,
        "typical_volume": 5834430.0,
        "trend": 0.016931,
        "fair_value": 0.018792,
        "relative_strength": -14.30194,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.518972,
        "energy": 16.88616,
        "activity_lines": [
          0.016414,
          0.016582,
          0.016525,
          0.016607
        ]
      },
      {
        "date": "2026-04-10",
        "close": 0.01704,
        "volume": 4410000,
        "typical_volume": 6050520.0,
        "trend": 0.016867,
        "fair_value": 0.018777,
        "relative_strength": -16.02749,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.753396,
        "energy": 11.356024,
        "activity_lines": [
          0.016625,
          0.016671,
          0.016582,
          0.016614
        ]
      },
      {
        "date": "2026-04-17",
        "close": 0.016734,
        "volume": 3175200,
        "typical_volume": 6121080.0,
        "trend": 0.016795,
        "fair_value": 0.01876,
        "relative_strength": -18.891045,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.94242,
        "energy": 7.907714,
        "activity_lines": [
          0.0167,
          0.016673,
          0.016605,
          0.016605
        ]
      },
      {
        "date": "2026-04-24",
        "close": 0.018163,
        "volume": 2998800,
        "typical_volume": 5935860.0,
        "trend": 0.016795,
        "fair_value": 0.018755,
        "relative_strength": -9.096143,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 39.26191,
        "energy": 35.751482,
        "activity_lines": [
          0.017258,
          0.01692,
          0.016761,
          0.016694
        ]
      },
      {
        "date": "2026-05-01",
        "close": 0.017448,
        "volume": 2998800,
        "typical_volume": 6015240.0,
        "trend": 0.016758,
        "fair_value": 0.018744,
        "relative_strength": -13.114956,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 27.251855,
        "energy": 37.481414,
        "activity_lines": [
          0.017401,
          0.017025,
          0.016837,
          0.016736
        ]
      },
      {
        "date": "2026-05-08",
        "close": 0.017959,
        "volume": 7056000,
        "typical_volume": 6129900.0,
        "trend": 0.016744,
        "fair_value": 0.018737,
        "relative_strength": -11.89043,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 63.171822,
        "energy": 57.08944,
        "activity_lines": [
          0.017639,
          0.017228,
          0.016953,
          0.016813
        ]
      },
      {
        "date": "2026-05-15",
        "close": 0.0174,
        "volume": 2734200,
        "typical_volume": 6121080.0,
        "trend": 0.016736,
        "fair_value": 0.018726,
        "relative_strength": -13.819112,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.604178,
        "energy": 56.089325,
        "activity_lines": [
          0.017616,
          0.017312,
          0.017012,
          0.016855
        ]
      },
      {
        "date": "2026-05-22",
        "close": 0.0173,
        "volume": 1058400,
        "typical_volume": 6059340.0,
        "trend": 0.016724,
        "fair_value": 0.018714,
        "relative_strength": -14.368125,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.743262,
        "energy": 38.452846,
        "activity_lines": [
          0.017536,
          0.017362,
          0.017057,
          0.016892
        ]
      },
      {
        "date": "2026-05-29",
        "close": 0.019,
        "volume": 7585200,
        "typical_volume": 5896170.0,
        "trend": 0.016779,
        "fair_value": 0.018717,
        "relative_strength": -6.461589,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.831982,
        "energy": 53.103491,
        "activity_lines": [
          0.017984,
          0.017712,
          0.017264,
          0.017039
        ]
      },
      {
        "date": "2026-06-05",
        "close": 0.0198,
        "volume": 1675800,
        "typical_volume": 5658030.0,
        "trend": 0.016875,
        "fair_value": 0.018725,
        "relative_strength": -1.866918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.91329,
        "energy": 66.544782,
        "activity_lines": [
          0.018644,
          0.018145,
          0.017537,
          0.017234
        ]
      },
      {
        "date": "2026-06-12",
        "close": 0.0185,
        "volume": 176400,
        "typical_volume": 5393430.0,
        "trend": 0.01694,
        "fair_value": 0.018724,
        "relative_strength": -10.570168,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.201445,
        "energy": 59.257543,
        "activity_lines": [
          0.018713,
          0.018278,
          0.01767,
          0.017338
        ]
      },
      {
        "date": "2026-06-19",
        "close": 0.0189,
        "volume": 10143000,
        "typical_volume": 5781510.0,
        "trend": 0.017033,
        "fair_value": 0.018725,
        "relative_strength": -10.354335,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.578989,
        "energy": 63.453998,
        "activity_lines": [
          0.01888,
          0.018453,
          0.017828,
          0.017465
        ]
      },
      {
        "date": "2026-06-26",
        "close": 0.0184,
        "volume": 21772279,
        "typical_volume": 5666193.95,
        "trend": 0.017112,
        "fair_value": 0.018722,
        "relative_strength": -9.432909,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.313795,
        "energy": 47.185563,
        "activity_lines": [
          0.01878,
          0.018504,
          0.017921,
          0.017553
        ]
      },
      {
        "date": "2026-07-03",
        "close": 0.018,
        "volume": 1099683,
        "typical_volume": 4914148.1,
        "trend": 0.017192,
        "fair_value": 0.018717,
        "relative_strength": -13.340603,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.700446,
        "energy": 28.872265,
        "activity_lines": [
          0.018473,
          0.018452,
          0.017964,
          0.01761
        ]
      },
      {
        "date": "2026-07-10",
        "close": 0.0178,
        "volume": 29926871,
        "typical_volume": 5947441.65,
        "trend": 0.017258,
        "fair_value": 0.01871,
        "relative_strength": -13.364273,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.078719,
        "energy": 18.55484,
        "activity_lines": [
          0.018167,
          0.018367,
          0.017986,
          0.01765
        ]
      },
      {
        "date": "2026-07-17",
        "close": 0.0184,
        "volume": 65479973,
        "typical_volume": 9106780.3,
        "trend": 0.017307,
        "fair_value": 0.018707,
        "relative_strength": -8.669391,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.430644,
        "energy": 17.997089,
        "activity_lines": [
          0.018193,
          0.018384,
          0.018065,
          0.017723
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.0178,
        "volume": 39907146,
        "typical_volume": 10855177.6,
        "trend": 0.017349,
        "fair_value": 0.0187,
        "relative_strength": -10.893613,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.186088,
        "energy": 17.920202,
        "activity_lines": [
          0.018027,
          0.018284,
          0.01808,
          0.017755
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.0174,
        "volume": 10796021,
        "typical_volume": 11099508.65,
        "trend": 0.017351,
        "fair_value": 0.01869,
        "relative_strength": -12.877795,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.860928,
        "energy": 13.523062,
        "activity_lines": [
          0.0178,
          0.018104,
          0.01805,
          0.017758
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.018,
        "volume": 12469053,
        "typical_volume": 11498051.3,
        "trend": 0.017386,
        "fair_value": 0.018685,
        "relative_strength": -11.874739,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.750675,
        "energy": 10.318538,
        "activity_lines": [
          0.01784,
          0.018031,
          0.018076,
          0.0178
        ]
      }
    ],
    "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."
    }
  }
}