{ "ticker": { "uuid": "9ac2419f-b67a-4911-a4b4-a681dacbccf6", "symbol": "GUD", "name": "Knight Therapeutics Inc.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 63.892, "architecture_energy": 60.375, "architecture_maturity": 100.0, "architecture_confidence": 77.936, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 9.61, "rotation_up": 52.69, "upward_expansion": 84.84, "deceleration": 68.49, "rotation_down": 28.38, "downward_expansion": 11.51 }, "activity_lines": [ 9.786, 9.714, 9.212571, 8.641914 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 9.76, "trend_reference": 7.849667, "distance_from_trend": 0.243365, "trend_direction": "Improving", "fair_value": 6.045321, "distance_from_fair_value": 0.614472, "fair_value_direction": "Improving", "relative_strength": 23.218567, "relative_strength_direction": "Improving", "price_momentum": 0.659864, "excess_performance": 0.539443, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.243365, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.176509, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.614472, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.083748, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.232186, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.002978, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.659864, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.312134, "read": "Supply-led" } ], "volume": { "latest": 763500, "relative_activity": 2.087092, "balance": 0.312134, "dry_up": 1.20845, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.055564, "annualized_volatility": 0.319205, "from_high_reference": -0.040315, "from_low_reference": 0.724382 }, "levels": { "trend_reference": 7.849667, "fair_value_reference": 6.045321, "structural_low": 5.75, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.019045, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.009284, "regime_survival": 0.666667, "best_return": 0.11018, "worst_return": -0.095, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.00349, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.04079, "regime_survival": 0.142857, "best_return": 0.3125, "worst_return": -0.04947, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.001706, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.126917, "regime_survival": 0.4, "best_return": 0.102515, "worst_return": -0.087719, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.005803, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.156146, "regime_survival": 0.333333, "best_return": 0.271331, "worst_return": -0.05045, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-11-08", "tenure": "Established", "return": -0.085217, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-01-24", "tenure": "Developing", "return": 0.100193, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.032491, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": 0.077876, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": 0.006826, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-02", "end": "2025-07-11", "tenure": "Developing", "return": -0.006483, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-26", "tenure": "Developing", "return": -0.019835, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": -0.013675, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-11-07", "tenure": "New", "return": 0.046713, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.003257, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-30", "tenure": "Developing", "return": -0.041322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": 0.095238, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": 0.020701, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": 0.355556, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.62, "volume": 331700, "typical_volume": 415630.0, "trend": 4.869, "fair_value": 5.301474, "relative_strength": -8.683433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.439937, "energy": 49.169877, "activity_lines": [ 4.722, 4.785273, 4.816048, 4.818 ] }, { "date": "2023-08-25", "close": 4.58, "volume": 138900, "typical_volume": 396245.0, "trend": 4.847333, "fair_value": 5.290128, "relative_strength": -9.157005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.707077, "energy": 63.672791, "activity_lines": [ 4.661333, 4.742727, 4.794333, 4.799355 ] }, { "date": "2023-09-01", "close": 4.58, "volume": 309800, "typical_volume": 381070.0, "trend": 4.824333, "fair_value": 5.281026, "relative_strength": -11.843172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.294789, "energy": 67.419916, "activity_lines": [ 4.620667, 4.704364, 4.772857, 4.782108 ] }, { "date": "2023-09-08", "close": 4.42, "volume": 323200, "typical_volume": 377450.0, "trend": 4.799667, "fair_value": 5.270962, "relative_strength": -12.474814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.247147, "energy": 76.565923, "activity_lines": [ 4.542, 4.640182, 4.737238, 4.756022 ] }, { "date": "2023-09-15", "close": 4.38, "volume": 321700, "typical_volume": 368130.0, "trend": 4.774667, "fair_value": 5.259615, "relative_strength": -15.093681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.903537, "energy": 79.354318, "activity_lines": [ 4.473333, 4.578182, 4.699714, 4.728946 ] }, { "date": "2023-09-22", "close": 4.43, "volume": 296200, "typical_volume": 362940.0, "trend": 4.752333, "fair_value": 5.249872, "relative_strength": -9.961571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.050759, "energy": 74.961452, "activity_lines": [ 4.444667, 4.535455, 4.667524, 4.70671 ] }, { "date": "2023-09-29", "close": 4.5, "volume": 288900, "typical_volume": 356025.0, "trend": 4.731667, "fair_value": 5.242179, "relative_strength": -7.007421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.489105, "energy": 70.584423, "activity_lines": [ 4.452, 4.513636, 4.643429, 4.69043 ] }, { "date": "2023-10-06", "close": 4.64, "volume": 436000, "typical_volume": 333025.0, "trend": 4.717333, "fair_value": 5.235064, "relative_strength": -2.329383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.010293, "energy": 41.103909, "activity_lines": [ 4.511333, 4.524182, 4.634381, 4.684516 ] }, { "date": "2023-10-13", "close": 4.57, "volume": 162300, "typical_volume": 314940.0, "trend": 4.704667, "fair_value": 5.228462, "relative_strength": -4.485891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.796927, "energy": 27.259673, "activity_lines": [ 4.543333, 4.525091, 4.620095, 4.675011 ] }, { "date": "2023-10-20", "close": 4.36, "volume": 209500, "typical_volume": 286935.0, "trend": 4.700667, "fair_value": 5.219936, "relative_strength": -6.81427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.486822, "energy": 33.031466, "activity_lines": [ 4.495333, 4.491455, 4.587238, 4.652774 ] }, { "date": "2023-10-27", "close": 4.49, "volume": 152300, "typical_volume": 275595.0, "trend": 4.703667, "fair_value": 5.213654, "relative_strength": -1.815898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.596379, "energy": 25.214276, "activity_lines": [ 4.492, 4.488182, 4.569238, 4.639183 ] }, { "date": "2023-11-03", "close": 4.67, "volume": 203500, "typical_volume": 263895.0, "trend": 4.705, "fair_value": 5.208397, "relative_strength": -3.168433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.506714, "energy": 18.779047, "activity_lines": [ 4.544667, 4.52, 4.570714, 4.637011 ] }, { "date": "2023-11-10", "close": 5.05, "volume": 427700, "typical_volume": 273465.0, "trend": 4.713, "fair_value": 5.206218, "relative_strength": 5.681997, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.99603, "energy": 17.233957, "activity_lines": [ 4.712667, 4.619273, 4.609048, 4.659269 ] }, { "date": "2023-11-17", "close": 5.26, "volume": 502600, "typical_volume": 281425.0, "trend": 4.727667, "fair_value": 5.205192, "relative_strength": 7.28385, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 46.391373, "energy": 55.082315, "activity_lines": [ 4.923333, 4.748182, 4.666, 4.694559 ] }, { "date": "2023-11-24", "close": 5.34, "volume": 322700, "typical_volume": 288840.0, "trend": 4.755667, "fair_value": 5.204038, "relative_strength": 9.294762, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.900969, "energy": 72.796324, "activity_lines": [ 5.114667, 4.876364, 4.729048, 4.734065 ] }, { "date": "2023-12-01", "close": 5.27, "volume": 371600, "typical_volume": 289620.0, "trend": 4.773667, "fair_value": 5.203974, "relative_strength": 6.091717, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.288843, "energy": 75.586634, "activity_lines": [ 5.217333, 4.974364, 4.783524, 4.767247 ] }, { "date": "2023-12-08", "close": 5.24, "volume": 238600, "typical_volume": 290955.0, "trend": 4.786333, "fair_value": 5.204103, "relative_strength": 6.172049, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.131841, "energy": 83.504468, "activity_lines": [ 5.258, 5.051636, 4.833286, 4.797333 ] }, { "date": "2023-12-15", "close": 5.17, "volume": 230700, "typical_volume": 291810.0, "trend": 4.794, "fair_value": 5.202628, "relative_strength": 3.886079, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.860707, "energy": 77.610873, "activity_lines": [ 5.237333, 5.102727, 4.874667, 4.822086 ] }, { "date": "2023-12-22", "close": 5.21, "volume": 296100, "typical_volume": 293235.0, "trend": 4.805333, "fair_value": 5.201603, "relative_strength": 3.06041, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.267983, "energy": 52.352606, "activity_lines": [ 5.222, 5.151455, 4.918143, 4.848925 ] }, { "date": "2023-12-29", "close": 5.19, "volume": 181500, "typical_volume": 287275.0, "trend": 4.815667, "fair_value": 5.200577, "relative_strength": 2.44599, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.866738, "energy": 45.989572, "activity_lines": [ 5.203333, 5.184909, 4.957619, 4.873742 ] }, { "date": "2024-01-05", "close": 5.58, "volume": 342900, "typical_volume": 287835.0, "trend": 4.835667, "fair_value": 5.201859, "relative_strength": 10.253364, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.150889, "energy": 58.630191, "activity_lines": [ 5.324667, 5.274182, 5.032048, 4.923054 ] }, { "date": "2024-01-12", "close": 5.71, "volume": 358900, "typical_volume": 298835.0, "trend": 4.865667, "fair_value": 5.203141, "relative_strength": 12.412503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.626453, "energy": 75.604842, "activity_lines": [ 5.468667, 5.367273, 5.114286, 4.979462 ] }, { "date": "2024-01-19", "close": 5.72, "volume": 278200, "typical_volume": 297255.0, "trend": 4.897667, "fair_value": 5.20359, "relative_strength": 12.872239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.622962, "energy": 88.519758, "activity_lines": [ 5.584667, 5.443273, 5.192095, 5.034581 ] }, { "date": "2024-01-26", "close": 5.6, "volume": 384700, "typical_volume": 300330.0, "trend": 4.919667, "fair_value": 5.205577, "relative_strength": 9.250513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.482858, "energy": 84.154753, "activity_lines": [ 5.624, 5.485273, 5.253048, 5.079892 ] }, { "date": "2024-02-02", "close": 5.29, "volume": 400100, "typical_volume": 304250.0, "trend": 4.931333, "fair_value": 5.204615, "relative_strength": 3.423963, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.945871, "energy": 57.981845, "activity_lines": [ 5.534, 5.464727, 5.278857, 5.103785 ] }, { "date": "2024-02-09", "close": 5.66, "volume": 529200, "typical_volume": 315900.0, "trend": 4.957333, "fair_value": 5.204808, "relative_strength": 10.887864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.246766, "energy": 55.707618, "activity_lines": [ 5.560667, 5.512364, 5.335571, 5.150796 ] }, { "date": "2024-02-16", "close": 5.58, "volume": 205900, "typical_volume": 311750.0, "trend": 4.980667, "fair_value": 5.205769, "relative_strength": 7.94886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.007731, "energy": 47.083729, "activity_lines": [ 5.555333, 5.538364, 5.37881, 5.190968 ] }, { "date": "2024-02-23", "close": 5.51, "volume": 177500, "typical_volume": 298825.0, "trend": 5.004, "fair_value": 5.208013, "relative_strength": 5.767625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.492878, "energy": 35.985473, "activity_lines": [ 5.535333, 5.545455, 5.410238, 5.225118 ] }, { "date": "2024-03-01", "close": 5.53, "volume": 441700, "typical_volume": 312795.0, "trend": 5.029333, "fair_value": 5.210449, "relative_strength": 5.400796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.037879, "energy": 38.197247, "activity_lines": [ 5.536, 5.55, 5.439429, 5.259054 ] }, { "date": "2024-03-08", "close": 5.32, "volume": 303700, "typical_volume": 317505.0, "trend": 5.049, "fair_value": 5.210769, "relative_strength": 0.627393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.009667, "energy": 26.620481, "activity_lines": [ 5.471333, 5.510545, 5.444048, 5.277806 ] }, { "date": "2024-03-15", "close": 5.3, "volume": 294300, "typical_volume": 324605.0, "trend": 5.071667, "fair_value": 5.212051, "relative_strength": -0.162799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.143801, "energy": 19.507583, "activity_lines": [ 5.398, 5.465091, 5.44219, 5.294 ] }, { "date": "2024-03-22", "close": 5.27, "volume": 460100, "typical_volume": 337435.0, "trend": 5.094667, "fair_value": 5.21109, "relative_strength": -1.415049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.136744, "energy": 14.896797, "activity_lines": [ 5.338667, 5.419273, 5.433619, 5.306796 ] }, { "date": "2024-03-29", "close": 5.3, "volume": 670400, "typical_volume": 349570.0, "trend": 5.118667, "fair_value": 5.209487, "relative_strength": -1.828639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.284077, "energy": 16.089549, "activity_lines": [ 5.31, 5.386909, 5.425048, 5.320043 ] }, { "date": "2024-04-05", "close": 5.42, "volume": 239700, "typical_volume": 336425.0, "trend": 5.152, "fair_value": 5.210128, "relative_strength": -0.156977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.442155, "energy": 13.543905, "activity_lines": [ 5.335333, 5.384, 5.426714, 5.339484 ] }, { "date": "2024-04-12", "close": 5.7, "volume": 435300, "typical_volume": 342055.0, "trend": 5.196, "fair_value": 5.212949, "relative_strength": 6.525029, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.811313, "energy": 23.012896, "activity_lines": [ 5.461333, 5.435273, 5.454286, 5.374839 ] }, { "date": "2024-04-19", "close": 5.72, "volume": 282300, "typical_volume": 337590.0, "trend": 5.239, "fair_value": 5.215064, "relative_strength": 7.105135, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 58.674001, "energy": 40.072301, "activity_lines": [ 5.568667, 5.482727, 5.482048, 5.408645 ] }, { "date": "2024-04-26", "close": 5.73, "volume": 188900, "typical_volume": 335105.0, "trend": 5.28, "fair_value": 5.217179, "relative_strength": 6.145784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.763359, "energy": 55.482131, "activity_lines": [ 5.651333, 5.530909, 5.508619, 5.440323 ] }, { "date": "2024-05-03", "close": 5.91, "volume": 145900, "typical_volume": 330865.0, "trend": 5.322333, "fair_value": 5.220962, "relative_strength": 9.255296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.1014, "energy": 71.360185, "activity_lines": [ 5.763333, 5.609091, 5.55, 5.480968 ] }, { "date": "2024-05-10", "close": 5.94, "volume": 415000, "typical_volume": 336810.0, "trend": 5.368, "fair_value": 5.224744, "relative_strength": 7.79286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.371109, "energy": 74.569442, "activity_lines": [ 5.844667, 5.685455, 5.590714, 5.520817 ] }, { "date": "2024-05-17", "close": 6.11, "volume": 293300, "typical_volume": 342400.0, "trend": 5.426333, "fair_value": 5.229167, "relative_strength": 9.8554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.081561, "energy": 79.233689, "activity_lines": [ 5.948, 5.785273, 5.644143, 5.568688 ] }, { "date": "2024-05-24", "close": 6.0, "volume": 242100, "typical_volume": 337360.0, "trend": 5.476667, "fair_value": 5.23391, "relative_strength": 8.37119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.877808, "energy": 73.531612, "activity_lines": [ 5.987333, 5.850727, 5.682714, 5.605699 ] }, { "date": "2024-05-31", "close": 6.0, "volume": 564800, "typical_volume": 347655.0, "trend": 5.521, "fair_value": 5.238654, "relative_strength": 8.407008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.571489, "energy": 63.446384, "activity_lines": [ 6.008, 5.903455, 5.719286, 5.639462 ] }, { "date": "2024-06-07", "close": 5.86, "volume": 157900, "typical_volume": 341640.0, "trend": 5.548, "fair_value": 5.2425, "relative_strength": 7.006612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.853411, "energy": 45.640191, "activity_lines": [ 5.964, 5.917455, 5.741143, 5.661333 ] }, { "date": "2024-06-14", "close": 5.7, "volume": 277700, "typical_volume": 336290.0, "trend": 5.562667, "fair_value": 5.245385, "relative_strength": 5.669859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.070428, "energy": 28.017043, "activity_lines": [ 5.87, 5.892182, 5.747095, 5.67114 ] }, { "date": "2024-06-21", "close": 5.43, "volume": 348300, "typical_volume": 333700.0, "trend": 5.565667, "fair_value": 5.245256, "relative_strength": 1.004805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.301859, "energy": 14.569334, "activity_lines": [ 5.702, 5.812727, 5.726857, 5.662581 ] }, { "date": "2024-06-28", "close": 5.67, "volume": 206600, "typical_volume": 317570.0, "trend": 5.579, "fair_value": 5.247885, "relative_strength": 3.80915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.337876, "energy": 22.175684, "activity_lines": [ 5.659333, 5.781818, 5.72881, 5.669312 ] }, { "date": "2024-07-05", "close": 5.69, "volume": 151500, "typical_volume": 314850.0, "trend": 5.594, "fair_value": 5.250897, "relative_strength": 3.239857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.965655, "energy": 21.639018, "activity_lines": [ 5.645333, 5.755455, 5.732619, 5.676473 ] }, { "date": "2024-07-12", "close": 5.72, "volume": 259500, "typical_volume": 318950.0, "trend": 5.612333, "fair_value": 5.254038, "relative_strength": 0.882631, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.250136, "energy": 15.90093, "activity_lines": [ 5.662, 5.735273, 5.738762, 5.684602 ] }, { "date": "2024-07-19", "close": 5.73, "volume": 222300, "typical_volume": 307980.0, "trend": 5.629667, "fair_value": 5.258013, "relative_strength": 0.867133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.072578, "energy": 8.575575, "activity_lines": [ 5.691333, 5.720364, 5.744857, 5.692194 ] }, { "date": "2024-07-26", "close": 5.71, "volume": 218200, "typical_volume": 303705.0, "trend": 5.647, "fair_value": 5.261795, "relative_strength": -0.15467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.045738, "energy": 11.129549, "activity_lines": [ 5.712, 5.705636, 5.748095, 5.697376 ] }, { "date": "2024-08-02", "close": 5.55, "volume": 264300, "typical_volume": 302205.0, "trend": 5.646, "fair_value": 5.264231, "relative_strength": -0.495322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.069228, "energy": 5.049085, "activity_lines": [ 5.660667, 5.669091, 5.734238, 5.691118 ] }, { "date": "2024-08-09", "close": 5.82, "volume": 251800, "typical_volume": 291790.0, "trend": 5.649667, "fair_value": 5.265641, "relative_strength": 3.722851, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.14951, "energy": 13.65426, "activity_lines": [ 5.707333, 5.689818, 5.744905, 5.702344 ] }, { "date": "2024-08-16", "close": 5.75, "volume": 255700, "typical_volume": 271055.0, "trend": 5.650667, "fair_value": 5.268141, "relative_strength": -0.95195, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.996461, "energy": 12.071823, "activity_lines": [ 5.722, 5.701091, 5.746286, 5.708817 ] }, { "date": "2024-08-23", "close": 5.67, "volume": 168900, "typical_volume": 267515.0, "trend": 5.653, "fair_value": 5.270064, "relative_strength": -3.393943, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.849914, "energy": 9.460402, "activity_lines": [ 5.708, 5.699818, 5.737905, 5.710065 ] }, { "date": "2024-08-30", "close": 5.49, "volume": 327600, "typical_volume": 262130.0, "trend": 5.659667, "fair_value": 5.270064, "relative_strength": -6.788612, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.242786, "energy": 10.130191, "activity_lines": [ 5.638, 5.666364, 5.71119, 5.699548 ] }, { "date": "2024-09-06", "close": 5.64, "volume": 240000, "typical_volume": 260015.0, "trend": 5.659, "fair_value": 5.272244, "relative_strength": -2.072287, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.057739, "energy": 11.645022, "activity_lines": [ 5.632667, 5.659091, 5.699762, 5.69828 ] }, { "date": "2024-09-13", "close": 5.98, "volume": 599900, "typical_volume": 280565.0, "trend": 5.672333, "fair_value": 5.277051, "relative_strength": 0.048157, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.182339, "energy": 17.459062, "activity_lines": [ 5.734667, 5.714182, 5.721095, 5.718989 ] }, { "date": "2024-09-20", "close": 6.02, "volume": 548500, "typical_volume": 300695.0, "trend": 5.689333, "fair_value": 5.280833, "relative_strength": -0.755805, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.273961, "energy": 39.296259, "activity_lines": [ 5.839333, 5.771273, 5.745048, 5.741419 ] }, { "date": "2024-09-27", "close": 5.89, "volume": 223500, "typical_volume": 291120.0, "trend": 5.701333, "fair_value": 5.284679, "relative_strength": -3.375202, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.502675, "energy": 42.337386, "activity_lines": [ 5.882667, 5.799273, 5.756095, 5.754366 ] }, { "date": "2024-10-04", "close": 5.72, "volume": 334800, "typical_volume": 293195.0, "trend": 5.714667, "fair_value": 5.287628, "relative_strength": -6.933362, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.804808, "energy": 32.976632, "activity_lines": [ 5.854667, 5.793455, 5.75119, 5.75557 ] }, { "date": "2024-10-11", "close": 5.74, "volume": 374500, "typical_volume": 299815.0, "trend": 5.729333, "fair_value": 5.290256, "relative_strength": -7.783225, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.769399, "energy": 27.564638, "activity_lines": [ 5.818, 5.791091, 5.750048, 5.757204 ] }, { "date": "2024-10-18", "close": 5.7, "volume": 249300, "typical_volume": 284040.0, "trend": 5.743667, "fair_value": 5.293269, "relative_strength": -9.732395, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.39663, "energy": 7.626506, "activity_lines": [ 5.761333, 5.778, 5.746333, 5.755312 ] }, { "date": "2024-10-25", "close": 5.55, "volume": 209100, "typical_volume": 286600.0, "trend": 5.752, "fair_value": 5.295897, "relative_strength": -10.73266, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.3432, "energy": 26.851031, "activity_lines": [ 5.673333, 5.739818, 5.729762, 5.742817 ] }, { "date": "2024-11-01", "close": 5.65, "volume": 243900, "typical_volume": 284910.0, "trend": 5.759667, "fair_value": 5.298526, "relative_strength": -8.32487, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.139239, "energy": 28.145851, "activity_lines": [ 5.65, 5.723455, 5.72419, 5.736237 ] }, { "date": "2024-11-08", "close": 5.26, "volume": 841200, "typical_volume": 309555.0, "trend": 5.745, "fair_value": 5.298526, "relative_strength": -16.108395, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.542908, "energy": 60.096933, "activity_lines": [ 5.512667, 5.636545, 5.681714, 5.704 ] }, { "date": "2024-11-15", "close": 5.19, "volume": 812000, "typical_volume": 339825.0, "trend": 5.727333, "fair_value": 5.297564, "relative_strength": -17.33379, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.043429, "energy": 72.398807, "activity_lines": [ 5.382667, 5.541091, 5.633381, 5.668194 ] }, { "date": "2024-11-22", "close": 5.29, "volume": 489500, "typical_volume": 356725.0, "trend": 5.712667, "fair_value": 5.2975, "relative_strength": -17.20988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.619025, "energy": 69.195699, "activity_lines": [ 5.322667, 5.472, 5.596857, 5.639978 ] }, { "date": "2024-11-29", "close": 5.27, "volume": 2405300, "typical_volume": 464015.0, "trend": 5.691333, "fair_value": 5.297885, "relative_strength": -17.849594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.856692, "energy": 69.986622, "activity_lines": [ 5.283333, 5.411818, 5.560333, 5.611419 ] }, { "date": "2024-12-06", "close": 5.33, "volume": 422600, "typical_volume": 474030.0, "trend": 5.671, "fair_value": 5.298333, "relative_strength": -16.734122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.079228, "energy": 60.417999, "activity_lines": [ 5.282667, 5.376182, 5.531667, 5.588108 ] }, { "date": "2024-12-13", "close": 5.2, "volume": 325000, "typical_volume": 479370.0, "trend": 5.640667, "fair_value": 5.298013, "relative_strength": -17.12826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.011168, "energy": 50.265808, "activity_lines": [ 5.26, 5.327091, 5.492524, 5.55772 ] }, { "date": "2024-12-20", "close": 5.19, "volume": 407200, "typical_volume": 486515.0, "trend": 5.613667, "fair_value": 5.297692, "relative_strength": -14.764337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.75217, "energy": 45.709215, "activity_lines": [ 5.238, 5.285636, 5.454857, 5.528645 ] }, { "date": "2024-12-27", "close": 5.34, "volume": 196200, "typical_volume": 483735.0, "trend": 5.591667, "fair_value": 5.297949, "relative_strength": -12.778529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.780944, "energy": 38.345679, "activity_lines": [ 5.266, 5.281455, 5.43319, 5.510989 ] }, { "date": "2025-01-03", "close": 5.37, "volume": 170000, "typical_volume": 479450.0, "trend": 5.575333, "fair_value": 5.298333, "relative_strength": -12.902829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.238156, "energy": 30.547582, "activity_lines": [ 5.300667, 5.289273, 5.416667, 5.496688 ] }, { "date": "2025-01-10", "close": 5.34, "volume": 318300, "typical_volume": 486920.0, "trend": 5.563333, "fair_value": 5.298013, "relative_strength": -11.931395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.157629, "energy": 24.999856, "activity_lines": [ 5.318667, 5.294909, 5.399095, 5.481505 ] }, { "date": "2025-01-17", "close": 5.48, "volume": 330200, "typical_volume": 487050.0, "trend": 5.565, "fair_value": 5.299038, "relative_strength": -10.317383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.232939, "energy": 18.788405, "activity_lines": [ 5.382667, 5.331636, 5.396429, 5.476129 ] }, { "date": "2025-01-24", "close": 5.71, "volume": 283600, "typical_volume": 489230.0, "trend": 5.566333, "fair_value": 5.300641, "relative_strength": -7.725526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.575408, "energy": 13.890805, "activity_lines": [ 5.504667, 5.406182, 5.415714, 5.485484 ] }, { "date": "2025-01-31", "close": 5.54, "volume": 333500, "typical_volume": 475910.0, "trend": 5.561333, "fair_value": 5.300577, "relative_strength": -10.458902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.934595, "energy": 16.618994, "activity_lines": [ 5.535333, 5.440364, 5.418476, 5.483785 ] }, { "date": "2025-02-07", "close": 5.72, "volume": 308700, "typical_volume": 463920.0, "trend": 5.561333, "fair_value": 5.301859, "relative_strength": -6.892436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.591061, "energy": 32.04967, "activity_lines": [ 5.612667, 5.502727, 5.440476, 5.494022 ] }, { "date": "2025-02-14", "close": 5.65, "volume": 188900, "typical_volume": 462190.0, "trend": 5.558667, "fair_value": 5.303269, "relative_strength": -7.877921, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.227646, "energy": 37.346816, "activity_lines": [ 5.643333, 5.544182, 5.457238, 5.499742 ] }, { "date": "2025-02-21", "close": 5.62, "volume": 72700, "typical_volume": 449085.0, "trend": 5.555667, "fair_value": 5.304103, "relative_strength": -6.890288, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.385783, "energy": 37.698677, "activity_lines": [ 5.643333, 5.574364, 5.472286, 5.503699 ] }, { "date": "2025-02-28", "close": 5.49, "volume": 197200, "typical_volume": 440220.0, "trend": 5.553667, "fair_value": 5.304551, "relative_strength": -9.634595, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.499308, "energy": 21.612256, "activity_lines": [ 5.590667, 5.573273, 5.475429, 5.499462 ] }, { "date": "2025-03-07", "close": 5.48, "volume": 314300, "typical_volume": 443470.0, "trend": 5.542333, "fair_value": 5.30391, "relative_strength": -7.312514, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 1.048812, "energy": 5.071165, "activity_lines": [ 5.549333, 5.564909, 5.47881, 5.49471 ] }, { "date": "2025-03-14", "close": 5.99, "volume": 917400, "typical_volume": 478885.0, "trend": 5.550333, "fair_value": 5.30609, "relative_strength": 2.149642, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.618783, "energy": 28.37812, "activity_lines": [ 5.682, 5.646727, 5.53181, 5.523591 ] }, { "date": "2025-03-21", "close": 6.18, "volume": 679300, "typical_volume": 500655.0, "trend": 5.567333, "fair_value": 5.312308, "relative_strength": 3.572688, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.891757, "energy": 52.438844, "activity_lines": [ 5.86, 5.751818, 5.60081, 5.564215 ] }, { "date": "2025-03-28", "close": 6.09, "volume": 301000, "typical_volume": 473645.0, "trend": 5.587333, "fair_value": 5.318077, "relative_strength": 2.870231, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.027639, "energy": 72.984069, "activity_lines": [ 5.972667, 5.825273, 5.658714, 5.597935 ] }, { "date": "2025-04-04", "close": 5.86, "volume": 491900, "typical_volume": 457640.0, "trend": 5.594667, "fair_value": 5.32141, "relative_strength": 5.588944, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.173159, "energy": 68.85031, "activity_lines": [ 5.977333, 5.845818, 5.690762, 5.615527 ] }, { "date": "2025-04-11", "close": 5.59, "volume": 474400, "typical_volume": 456885.0, "trend": 5.581667, "fair_value": 5.322949, "relative_strength": -0.774102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.525707, "energy": 43.650483, "activity_lines": [ 5.867333, 5.814545, 5.693905, 5.615226 ] }, { "date": "2025-04-18", "close": 5.69, "volume": 124100, "typical_volume": 342825.0, "trend": 5.570667, "fair_value": 5.325, "relative_strength": -1.309449, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.58895, "energy": 20.935452, "activity_lines": [ 5.783333, 5.800545, 5.705143, 5.622215 ] }, { "date": "2025-04-25", "close": 5.9, "volume": 194400, "typical_volume": 331415.0, "trend": 5.571, "fair_value": 5.328654, "relative_strength": 0.367601, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.330765, "energy": 20.305325, "activity_lines": [ 5.789333, 5.825273, 5.734381, 5.643462 ] }, { "date": "2025-05-02", "close": 6.17, "volume": 174700, "typical_volume": 323900.0, "trend": 5.586, "fair_value": 5.334103, "relative_strength": 3.805945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.741938, "energy": 31.484282, "activity_lines": [ 5.904, 5.894545, 5.786619, 5.682108 ] }, { "date": "2025-05-09", "close": 5.71, "volume": 303400, "typical_volume": 318710.0, "trend": 5.585, "fair_value": 5.337244, "relative_strength": -4.852449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.547326, "energy": 21.934096, "activity_lines": [ 5.86, 5.870182, 5.790429, 5.690108 ] }, { "date": "2025-05-16", "close": 5.8, "volume": 195700, "typical_volume": 318685.0, "trend": 5.588333, "fair_value": 5.340385, "relative_strength": -5.263775, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.545511, "energy": 23.071082, "activity_lines": [ 5.856, 5.858182, 5.800333, 5.703978 ] }, { "date": "2025-05-23", "close": 5.79, "volume": 197000, "typical_volume": 320035.0, "trend": 5.596333, "fair_value": 5.342949, "relative_strength": -4.74094, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.454065, "energy": 19.753696, "activity_lines": [ 5.834667, 5.838545, 5.807095, 5.716989 ] }, { "date": "2025-05-30", "close": 5.76, "volume": 133900, "typical_volume": 310815.0, "trend": 5.6, "fair_value": 5.345321, "relative_strength": -5.922553, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.439019, "energy": 15.434293, "activity_lines": [ 5.796667, 5.817091, 5.809, 5.727548 ] }, { "date": "2025-06-06", "close": 6.0, "volume": 248500, "typical_volume": 306730.0, "trend": 5.624667, "fair_value": 5.350128, "relative_strength": -2.630219, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.067809, "energy": 22.034673, "activity_lines": [ 5.848, 5.846909, 5.831762, 5.753355 ] }, { "date": "2025-06-13", "close": 6.03, "volume": 233000, "typical_volume": 304200.0, "trend": 5.652667, "fair_value": 5.355769, "relative_strength": -2.131572, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 54.434249, "energy": 29.449152, "activity_lines": [ 5.920667, 5.883818, 5.854905, 5.779505 ] }, { "date": "2025-06-20", "close": 5.85, "volume": 1042400, "typical_volume": 339645.0, "trend": 5.671333, "fair_value": 5.359808, "relative_strength": -4.783362, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 45.913784, "energy": 28.316858, "activity_lines": [ 5.912, 5.884909, 5.859381, 5.792237 ] }, { "date": "2025-06-27", "close": 5.75, "volume": 264900, "typical_volume": 337455.0, "trend": 5.687333, "fair_value": 5.362436, "relative_strength": -6.755139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.677395, "energy": 21.487141, "activity_lines": [ 5.866667, 5.863091, 5.852857, 5.797312 ] }, { "date": "2025-07-04", "close": 6.05, "volume": 201900, "typical_volume": 338105.0, "trend": 5.711333, "fair_value": 5.366538, "relative_strength": -2.913644, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 56.014282, "energy": 33.503303, "activity_lines": [ 5.924, 5.894727, 5.874762, 5.82071 ] }, { "date": "2025-07-11", "close": 6.13, "volume": 163700, "typical_volume": 342655.0, "trend": 5.742333, "fair_value": 5.369615, "relative_strength": -1.319856, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 61.371095, "energy": 36.461414, "activity_lines": [ 5.988667, 5.938182, 5.902381, 5.84772 ] }, { "date": "2025-07-18", "close": 6.05, "volume": 450200, "typical_volume": 355305.0, "trend": 5.771, "fair_value": 5.373077, "relative_strength": -3.393429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.74207, "energy": 40.376357, "activity_lines": [ 6.018, 5.967818, 5.919952, 5.86757 ] }, { "date": "2025-07-25", "close": 6.15, "volume": 100100, "typical_volume": 344595.0, "trend": 5.798, "fair_value": 5.375385, "relative_strength": -2.222872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.455572, "energy": 58.194827, "activity_lines": [ 6.079333, 6.009455, 5.944381, 5.892022 ] }, { "date": "2025-08-01", "close": 6.17, "volume": 163400, "typical_volume": 306895.0, "trend": 5.824667, "fair_value": 5.378654, "relative_strength": -0.004672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.617922, "energy": 59.534398, "activity_lines": [ 6.127333, 6.048364, 5.967524, 5.916022 ] }, { "date": "2025-08-08", "close": 6.33, "volume": 497200, "typical_volume": 297790.0, "trend": 5.857667, "fair_value": 5.380385, "relative_strength": 0.136601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.44924, "energy": 71.164491, "activity_lines": [ 6.200667, 6.109455, 6.005048, 5.948624 ] }, { "date": "2025-08-15", "close": 6.22, "volume": 164200, "typical_volume": 290950.0, "trend": 5.882333, "fair_value": 5.383333, "relative_strength": -1.901522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.026524, "energy": 64.898857, "activity_lines": [ 6.218667, 6.140182, 6.031381, 5.972 ] }, { "date": "2025-08-22", "close": 6.45, "volume": 378300, "typical_volume": 285270.0, "trend": 5.907, "fair_value": 5.387885, "relative_strength": 0.325213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.95159, "energy": 72.942256, "activity_lines": [ 6.307333, 6.208727, 6.079, 6.008624 ] }, { "date": "2025-08-29", "close": 6.5, "volume": 588900, "typical_volume": 290995.0, "trend": 5.939, "fair_value": 5.393654, "relative_strength": 0.348537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.468918, "energy": 75.335514, "activity_lines": [ 6.386, 6.278727, 6.128571, 6.046882 ] }, { "date": "2025-09-05", "close": 6.44, "volume": 99500, "typical_volume": 289765.0, "trend": 5.963, "fair_value": 5.398397, "relative_strength": -2.026279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.816259, "energy": 70.441741, "activity_lines": [ 6.421333, 6.326, 6.168095, 6.079204 ] }, { "date": "2025-09-12", "close": 6.34, "volume": 292500, "typical_volume": 294670.0, "trend": 5.986, "fair_value": 5.403526, "relative_strength": -4.012025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.604982, "energy": 62.627587, "activity_lines": [ 6.405333, 6.342545, 6.194524, 6.103527 ] }, { "date": "2025-09-19", "close": 6.23, "volume": 304000, "typical_volume": 301135.0, "trend": 6.006333, "fair_value": 5.408269, "relative_strength": -6.871919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.905752, "energy": 43.623838, "activity_lines": [ 6.352, 6.333818, 6.208381, 6.119269 ] }, { "date": "2025-09-26", "close": 5.93, "volume": 215000, "typical_volume": 296715.0, "trend": 6.021, "fair_value": 5.412244, "relative_strength": -10.980226, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.968625, "energy": 14.409257, "activity_lines": [ 6.198, 6.268727, 6.193381, 6.114344 ] }, { "date": "2025-10-03", "close": 5.85, "volume": 175500, "typical_volume": 295705.0, "trend": 6.033333, "fair_value": 5.41609, "relative_strength": -13.897504, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.886747, "energy": 21.022152, "activity_lines": [ 6.052, 6.191273, 6.169714, 6.103312 ] }, { "date": "2025-10-10", "close": 5.77, "volume": 240200, "typical_volume": 297865.0, "trend": 6.026, "fair_value": 5.419359, "relative_strength": -12.999158, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.770022, "energy": 41.878773, "activity_lines": [ 5.922667, 6.104727, 6.13819, 6.086323 ] }, { "date": "2025-10-17", "close": 5.78, "volume": 209700, "typical_volume": 301655.0, "trend": 6.012667, "fair_value": 5.422115, "relative_strength": -13.311454, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.714728, "energy": 53.610662, "activity_lines": [ 5.841333, 6.027273, 6.107714, 6.070452 ] }, { "date": "2025-10-24", "close": 5.83, "volume": 125500, "typical_volume": 295505.0, "trend": 6.004, "fair_value": 5.425, "relative_strength": -13.003311, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.05193, "energy": 60.088016, "activity_lines": [ 5.814, 5.968909, 6.081905, 6.058667 ] }, { "date": "2025-10-31", "close": 5.84, "volume": 238000, "typical_volume": 295755.0, "trend": 6.003333, "fair_value": 5.427949, "relative_strength": -12.282754, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.122323, "energy": 55.163764, "activity_lines": [ 5.816667, 5.919455, 6.057857, 6.048086 ] }, { "date": "2025-11-07", "close": 6.05, "volume": 326100, "typical_volume": 259940.0, "trend": 6.018667, "fair_value": 5.432628, "relative_strength": -7.987895, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.5953, "energy": 25.057261, "activity_lines": [ 5.895333, 5.919273, 6.054714, 6.051097 ] }, { "date": "2025-11-14", "close": 6.14, "volume": 384100, "typical_volume": 265900.0, "trend": 6.033667, "fair_value": 5.437821, "relative_strength": -7.846065, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 9.739073, "energy": 8.659536, "activity_lines": [ 5.990667, 5.943636, 6.05919, 6.058925 ] }, { "date": "2025-11-21", "close": 6.12, "volume": 186900, "typical_volume": 265150.0, "trend": 6.041, "fair_value": 5.442564, "relative_strength": -7.600923, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 7.596634, "energy": 15.191637, "activity_lines": [ 6.054667, 5.969818, 6.059905, 6.064495 ] }, { "date": "2025-11-28", "close": 6.05, "volume": 136300, "typical_volume": 263780.0, "trend": 6.037, "fair_value": 5.446346, "relative_strength": -12.117116, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.646679, "energy": 17.29236, "activity_lines": [ 6.072667, 5.987273, 6.053619, 6.065075 ] }, { "date": "2025-12-05", "close": 6.05, "volume": 145300, "typical_volume": 248535.0, "trend": 6.048333, "fair_value": 5.451346, "relative_strength": -11.806624, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.978563, "energy": 14.549506, "activity_lines": [ 6.076, 6.008, 6.047714, 6.065914 ] }, { "date": "2025-12-12", "close": 6.07, "volume": 369000, "typical_volume": 261980.0, "trend": 6.057333, "fair_value": 5.456731, "relative_strength": -12.019273, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.985595, "energy": 9.085589, "activity_lines": [ 6.072, 6.030182, 6.043714, 6.067312 ] }, { "date": "2025-12-19", "close": 6.0, "volume": 226100, "typical_volume": 265115.0, "trend": 6.064333, "fair_value": 5.461923, "relative_strength": -13.491834, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.835516, "energy": 9.549894, "activity_lines": [ 6.043333, 6.035636, 6.033429, 6.063613 ] }, { "date": "2025-12-26", "close": 5.97, "volume": 79400, "typical_volume": 244225.0, "trend": 6.071333, "fair_value": 5.466987, "relative_strength": -14.363622, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.157067, "energy": 16.667097, "activity_lines": [ 6.014, 6.031455, 6.021095, 6.057527 ] }, { "date": "2026-01-02", "close": 5.91, "volume": 285900, "typical_volume": 250310.0, "trend": 6.068333, "fair_value": 5.471026, "relative_strength": -14.697872, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.755767, "energy": 27.025078, "activity_lines": [ 5.974667, 6.012909, 6.004762, 6.047118 ] }, { "date": "2026-01-09", "close": 5.98, "volume": 162000, "typical_volume": 239495.0, "trend": 6.066667, "fair_value": 5.475705, "relative_strength": -15.376754, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.666182, "energy": 31.819041, "activity_lines": [ 5.968, 6.005636, 5.996571, 6.041419 ] }, { "date": "2026-01-16", "close": 5.91, "volume": 522900, "typical_volume": 236195.0, "trend": 6.068667, "fair_value": 5.480385, "relative_strength": -17.157779, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.411122, "energy": 40.149846, "activity_lines": [ 5.942667, 5.983091, 5.983952, 6.031312 ] }, { "date": "2026-01-23", "close": 5.92, "volume": 279700, "typical_volume": 245205.0, "trend": 6.074333, "fair_value": 5.484808, "relative_strength": -16.941727, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.686653, "energy": 37.393557, "activity_lines": [ 5.931333, 5.964909, 5.975095, 6.02172 ] }, { "date": "2026-01-30", "close": 5.8, "volume": 292000, "typical_volume": 245180.0, "trend": 6.066, "fair_value": 5.488205, "relative_strength": -15.244199, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.132693, "energy": 42.982987, "activity_lines": [ 5.885333, 5.928909, 5.957286, 6.004022 ] }, { "date": "2026-02-06", "close": 5.88, "volume": 330400, "typical_volume": 246500.0, "trend": 6.057667, "fair_value": 5.492821, "relative_strength": -15.191218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.12272, "energy": 39.866793, "activity_lines": [ 5.877333, 5.913273, 5.949667, 5.992022 ] }, { "date": "2026-02-13", "close": 6.32, "volume": 1855200, "typical_volume": 328510.0, "trend": 6.066667, "fair_value": 5.500449, "relative_strength": -10.258554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.123853, "energy": 4.934244, "activity_lines": [ 6.018, 5.980727, 5.985619, 6.008946 ] }, { "date": "2026-02-20", "close": 6.44, "volume": 625500, "typical_volume": 351010.0, "trend": 6.076333, "fair_value": 5.509038, "relative_strength": -10.298138, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 32.358987, "energy": 37.034715, "activity_lines": [ 6.176, 6.065091, 6.031143, 6.033032 ] }, { "date": "2026-02-27", "close": 6.28, "volume": 324000, "typical_volume": 355200.0, "trend": 6.08, "fair_value": 5.516474, "relative_strength": -13.596916, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.356857, "energy": 45.530822, "activity_lines": [ 6.245333, 6.113636, 6.058619, 6.046172 ] }, { "date": "2026-03-06", "close": 6.16, "volume": 301400, "typical_volume": 359785.0, "trend": 6.074333, "fair_value": 5.523462, "relative_strength": -11.747828, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.90965, "energy": 45.753519, "activity_lines": [ 6.250667, 6.135273, 6.072238, 6.051333 ] }, { "date": "2026-03-13", "close": 6.1, "volume": 216200, "typical_volume": 364320.0, "trend": 6.070333, "fair_value": 5.530833, "relative_strength": -10.692414, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.518885, "energy": 43.203255, "activity_lines": [ 6.212, 6.142545, 6.078333, 6.052989 ] }, { "date": "2026-03-20", "close": 6.41, "volume": 761000, "typical_volume": 390470.0, "trend": 6.069, "fair_value": 5.543205, "relative_strength": -2.100274, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.337255, "energy": 41.822799, "activity_lines": [ 6.262, 6.202727, 6.112667, 6.074903 ] }, { "date": "2026-03-27", "close": 7.2, "volume": 726900, "typical_volume": 410510.0, "trend": 6.092333, "fair_value": 5.561154, "relative_strength": 7.95749, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.607622, "energy": 74.873073, "activity_lines": [ 6.569333, 6.398727, 6.219524, 6.147871 ] }, { "date": "2026-04-03", "close": 7.45, "volume": 339500, "typical_volume": 408280.0, "trend": 6.126, "fair_value": 5.579231, "relative_strength": 8.10974, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.211482, "energy": 91.746077, "activity_lines": [ 6.909333, 6.616727, 6.344714, 6.235462 ] }, { "date": "2026-04-10", "close": 7.55, "volume": 296900, "typical_volume": 413780.0, "trend": 6.166333, "fair_value": 5.596795, "relative_strength": 7.779001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.724157, "energy": 94.539166, "activity_lines": [ 7.204667, 6.825091, 6.47319, 6.327333 ] }, { "date": "2026-04-17", "close": 7.65, "volume": 272400, "typical_volume": 420585.0, "trend": 6.213667, "fair_value": 5.614936, "relative_strength": 7.26188, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.635438, "energy": 93.653381, "activity_lines": [ 7.440667, 7.019818, 6.604381, 6.423054 ] }, { "date": "2026-04-24", "close": 7.54, "volume": 175400, "typical_volume": 422090.0, "trend": 6.267333, "fair_value": 5.634423, "relative_strength": 7.261056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.907048, "energy": 88.963909, "activity_lines": [ 7.536667, 7.162364, 6.717476, 6.508624 ] }, { "date": "2026-05-01", "close": 7.55, "volume": 275700, "typical_volume": 417425.0, "trend": 6.324, "fair_value": 5.6525, "relative_strength": 7.681082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.028322, "energy": 86.650409, "activity_lines": [ 7.560667, 7.284545, 6.824429, 6.591376 ] }, { "date": "2026-05-08", "close": 8.69, "volume": 678200, "typical_volume": 440030.0, "trend": 6.421333, "fair_value": 5.677051, "relative_strength": 22.920743, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.891573, "energy": 89.864175, "activity_lines": [ 7.941333, 7.593818, 7.032905, 6.744022 ] }, { "date": "2026-05-15", "close": 8.43, "volume": 761400, "typical_volume": 474130.0, "trend": 6.509667, "fair_value": 5.699423, "relative_strength": 19.817353, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.825918, "energy": 72.82038, "activity_lines": [ 8.152667, 7.812, 7.20381, 6.873613 ] }, { "date": "2026-05-22", "close": 8.35, "volume": 202100, "typical_volume": 469940.0, "trend": 6.593667, "fair_value": 5.721731, "relative_strength": 16.284754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.960438, "energy": 69.013354, "activity_lines": [ 8.278667, 7.974364, 7.355381, 6.992344 ] }, { "date": "2026-05-29", "close": 8.19, "volume": 376300, "typical_volume": 480655.0, "trend": 6.672, "fair_value": 5.742949, "relative_strength": 12.918404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.395174, "energy": 66.704149, "activity_lines": [ 8.304667, 8.066727, 7.480095, 7.095333 ] }, { "date": "2026-06-05", "close": 8.61, "volume": 217600, "typical_volume": 465390.0, "trend": 6.757333, "fair_value": 5.766218, "relative_strength": 19.680102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.279623, "energy": 67.787125, "activity_lines": [ 8.427333, 8.203091, 7.634286, 7.220366 ] }, { "date": "2026-06-12", "close": 9.48, "volume": 81200, "typical_volume": 455465.0, "trend": 6.868667, "fair_value": 5.796154, "relative_strength": 29.274152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.57617, "energy": 73.696997, "activity_lines": [ 8.769333, 8.472, 7.858476, 7.396022 ] }, { "date": "2026-06-19", "close": 9.27, "volume": 38000, "typical_volume": 442765.0, "trend": 6.973667, "fair_value": 5.825064, "relative_strength": 25.787663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.026182, "energy": 70.133881, "activity_lines": [ 8.988667, 8.665818, 8.045714, 7.550946 ] }, { "date": "2026-06-26", "close": 9.45, "volume": 34000, "typical_volume": 427945.0, "trend": 7.087, "fair_value": 5.853974, "relative_strength": 27.552354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.08929, "energy": 86.715455, "activity_lines": [ 9.212, 8.861091, 8.233571, 7.71071 ] }, { "date": "2026-07-03", "close": 9.91, "volume": 83200, "typical_volume": 339345.0, "trend": 7.215667, "fair_value": 5.885833, "relative_strength": 32.057365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.841181, "energy": 92.218234, "activity_lines": [ 9.515333, 9.107273, 8.448238, 7.892839 ] }, { "date": "2026-07-10", "close": 9.8, "volume": 989300, "typical_volume": 357535.0, "trend": 7.34, "fair_value": 5.917372, "relative_strength": 29.782226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.322708, "energy": 86.276186, "activity_lines": [ 9.667333, 9.290364, 8.635333, 8.05957 ] }, { "date": "2026-07-17", "close": 9.82, "volume": 386000, "typical_volume": 360635.0, "trend": 7.467333, "fair_value": 5.949038, "relative_strength": 29.536196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.319818, "energy": 77.342404, "activity_lines": [ 9.746667, 9.436182, 8.808333, 8.21957 ] }, { "date": "2026-07-24", "close": 9.73, "volume": 338100, "typical_volume": 362470.0, "trend": 7.592667, "fair_value": 5.980577, "relative_strength": 27.381341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.195035, "energy": 65.956868, "activity_lines": [ 9.773333, 9.545091, 8.955905, 8.365548 ] }, { "date": "2026-07-31", "close": 9.84, "volume": 280700, "typical_volume": 365695.0, "trend": 7.723667, "fair_value": 6.013077, "relative_strength": 28.759713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.547898, "energy": 64.020278, "activity_lines": [ 9.806, 9.650364, 9.096952, 8.510538 ] }, { "date": "2026-08-07", "close": 9.76, "volume": 763500, "typical_volume": 365820.0, "trend": 7.849667, "fair_value": 6.045321, "relative_strength": 23.218567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.89224, "energy": 60.37521, "activity_lines": [ 9.786, 9.714, 9.212571, 8.641914 ] } ], "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." } } }