{ "ticker": { "uuid": "9e189542-b957-4f58-a591-302c0040658a", "symbol": "MTEX", "name": "Mannatech Incorporated", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -53.375, "architecture_energy": 37.024, "architecture_maturity": 73.899, "architecture_confidence": 91.793, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 24.95, "rotation_up": 18.26, "upward_expansion": 4.27, "deceleration": 47.78, "rotation_down": 53.98, "downward_expansion": 77.61 }, "activity_lines": [ 4.654233, 4.800127, 4.947873, 5.262065 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 4.7907, "trend_reference": 5.79806, "distance_from_trend": -0.173741, "trend_direction": "Weakening", "fair_value": 8.492194, "distance_from_fair_value": -0.43587, "fair_value_direction": "Weakening", "relative_strength": -42.019771, "relative_strength_direction": "Improving", "price_momentum": -0.351732, "excess_performance": -0.539186, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.173741, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.180112, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.43587, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.060547, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.420198, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005352, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.351732, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.101988, "read": "Demand-led" } ], "volume": { "latest": 45275, "relative_activity": 0.376345, "balance": 1.101988, "dry_up": 0.402074, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.1989, "annualized_volatility": 0.796368, "from_high_reference": -0.615328, "from_low_reference": 0.260711 }, "levels": { "trend_reference": 5.79806, "fair_value_reference": 8.492194, "structural_low": 3.8, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": -0.015294, "positive_rate": 0.371429, "directional_follow_through": 0.6, "median_excess_return": -0.054313, "regime_survival": 0.885714, "best_return": 0.440726, "worst_return": -0.300728, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.111973, "positive_rate": 0.384615, "directional_follow_through": 0.615385, "median_excess_return": -0.13978, "regime_survival": 0.692308, "best_return": 0.173522, "worst_return": -0.380966, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.223936, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.273003, "regime_survival": 0.571429, "best_return": 0.661405, "worst_return": -0.441524, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.410865, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.676099, "regime_survival": 0.5, "best_return": 0.389937, "worst_return": -0.567747, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-09-09", "end": "2022-12-30", "tenure": "Established", "return": -0.09424, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-01-06", "end": "2023-01-27", "tenure": "New", "return": -0.038922, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-02-03", "end": "2024-02-09", "tenure": "Extended", "return": -0.455028, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-16", "end": "2024-05-03", "tenure": "Developing", "return": -0.105028, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-10", "end": "2024-09-06", "tenure": "Established", "return": -0.054088, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-13", "end": "2024-11-15", "tenure": "Developing", "return": 0.107612, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-02-07", "tenure": "Developing", "return": 0.357754, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.292373, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.129518, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-07-04", "tenure": "Developing", "return": -0.107662, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-11", "end": "2025-10-10", "tenure": "Established", "return": 0.058824, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-12-26", "tenure": "Developing", "return": -0.12156, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": -0.076647, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-08-07", "tenure": "Extended", "return": -0.370473, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.82, "volume": 17447, "typical_volume": 6933.7, "trend": 14.202879, "fair_value": 21.238815, "relative_strength": -35.431019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.922443, "energy": 20.060923, "activity_lines": [ 13.195587, 12.737151, 12.647772, 13.274758 ] }, { "date": "2023-08-25", "close": 12.01, "volume": 13657, "typical_volume": 7458.65, "trend": 14.081773, "fair_value": 21.223751, "relative_strength": -39.513622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.515697, "energy": 23.187259, "activity_lines": [ 12.894127, 12.640025, 12.561377, 13.133281 ] }, { "date": "2023-09-01", "close": 12.81, "volume": 18429, "typical_volume": 7675.0, "trend": 13.961344, "fair_value": 21.218084, "relative_strength": -36.874935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.39018, "energy": 11.288855, "activity_lines": [ 12.845333, 12.699991, 12.571449, 13.051232 ] }, { "date": "2023-09-08", "close": 11.73, "volume": 8569, "typical_volume": 7712.7, "trend": 13.802443, "fair_value": 21.20422, "relative_strength": -40.747853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.787593, "energy": 30.374861, "activity_lines": [ 12.376, 12.563229, 12.49039, 12.907274 ] }, { "date": "2023-09-15", "close": 11.27, "volume": 23440, "typical_volume": 8439.2, "trend": 13.625807, "fair_value": 21.186031, "relative_strength": -42.152872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.399757, "energy": 47.014837, "activity_lines": [ 11.902667, 12.347922, 12.375352, 12.74389 ] }, { "date": "2023-09-22", "close": 11.2091, "volume": 8685, "typical_volume": 8495.75, "trend": 13.440806, "fair_value": 21.168782, "relative_strength": -39.672378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.422179, "energy": 55.175954, "activity_lines": [ 11.596367, 12.127724, 12.259053, 12.587974 ] }, { "date": "2023-09-29", "close": 10.35, "volume": 8949, "typical_volume": 8586.25, "trend": 13.217259, "fair_value": 21.145972, "relative_strength": -43.370546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.807357, "energy": 71.022183, "activity_lines": [ 11.111093, 11.762251, 12.068554, 12.388567 ] }, { "date": "2023-10-06", "close": 10.1, "volume": 5050, "typical_volume": 8511.4, "trend": 12.95549, "fair_value": 21.121347, "relative_strength": -44.555248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.054711, "energy": 74.18513, "activity_lines": [ 10.653153, 11.377687, 11.86361, 12.187454 ] }, { "date": "2023-10-13", "close": 9.75, "volume": 8589, "typical_volume": 8687.75, "trend": 12.702432, "fair_value": 21.097085, "relative_strength": -45.316929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.761049, "energy": 75.90013, "activity_lines": [ 10.259213, 10.962249, 11.638422, 11.980648 ] }, { "date": "2023-10-20", "close": 9.311, "volume": 4472, "typical_volume": 8733.45, "trend": 12.462658, "fair_value": 21.067934, "relative_strength": -45.062904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.000442, "energy": 78.092528, "activity_lines": [ 9.85094, 10.54372, 11.384702, 11.761846 ] }, { "date": "2023-10-27", "close": 8.675, "volume": 3602, "typical_volume": 8802.6, "trend": 12.185262, "fair_value": 21.03577, "relative_strength": -46.372713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.440695, "energy": 79.33063, "activity_lines": [ 9.361267, 10.096264, 11.085661, 11.517481 ] }, { "date": "2023-11-03", "close": 8.7585, "volume": 2770, "typical_volume": 8788.15, "trend": 11.934954, "fair_value": 21.004627, "relative_strength": -47.913182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.503776, "energy": 84.012988, "activity_lines": [ 9.068367, 9.739353, 10.811913, 11.296399 ] }, { "date": "2023-11-10", "close": 8.4906, "volume": 1767, "typical_volume": 8772.25, "trend": 11.708888, "fair_value": 20.973356, "relative_strength": -49.8938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.343788, "energy": 87.232549, "activity_lines": [ 8.792267, 9.392851, 10.531182, 11.074183 ] }, { "date": "2023-11-17", "close": 9.28, "volume": 3457, "typical_volume": 8728.15, "trend": 11.558402, "fair_value": 20.948262, "relative_strength": -45.08398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.491959, "energy": 80.224551, "activity_lines": [ 8.886593, 9.268411, 10.346106, 10.91748 ] }, { "date": "2023-11-24", "close": 9.06, "volume": 3876, "typical_volume": 8825.4, "trend": 11.45297, "fair_value": 20.908459, "relative_strength": -45.576222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.648024, "energy": 68.077517, "activity_lines": [ 8.93892, 9.148516, 10.153077, 10.756293 ] }, { "date": "2023-12-01", "close": 8.55, "volume": 4701, "typical_volume": 8881.55, "trend": 11.310995, "fair_value": 20.857142, "relative_strength": -47.490744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.421739, "energy": 58.522406, "activity_lines": [ 8.83798, 8.976076, 9.923619, 10.569005 ] }, { "date": "2023-12-08", "close": 8.4, "volume": 3950, "typical_volume": 8889.35, "trend": 11.180442, "fair_value": 20.809038, "relative_strength": -47.339303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.458986, "energy": 57.80544, "activity_lines": [ 8.695373, 8.824711, 9.6954, 10.381199 ] }, { "date": "2023-12-15", "close": 8.36, "volume": 4068, "typical_volume": 8881.8, "trend": 11.03082, "fair_value": 20.764572, "relative_strength": -48.044305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.22986, "energy": 64.584399, "activity_lines": [ 8.563333, 8.701527, 9.479561, 10.199235 ] }, { "date": "2023-12-22", "close": 7.65, "volume": 7422, "typical_volume": 8302.2, "trend": 10.867878, "fair_value": 20.712387, "relative_strength": -51.731816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.921023, "energy": 80.350727, "activity_lines": [ 8.203333, 8.480889, 9.21297, 9.981117 ] }, { "date": "2023-12-29", "close": 8.1, "volume": 8650, "typical_volume": 8077.5, "trend": 10.720756, "fair_value": 20.659129, "relative_strength": -47.868915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.483447, "energy": 79.700074, "activity_lines": [ 8.102, 8.380251, 9.01933, 9.802544 ] }, { "date": "2024-01-05", "close": 8.78, "volume": 1349, "typical_volume": 7272.6, "trend": 10.60287, "fair_value": 20.609381, "relative_strength": -40.502381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.706916, "energy": 58.334588, "activity_lines": [ 8.291333, 8.425267, 8.91893, 9.677334 ] }, { "date": "2024-01-12", "close": 8.75, "volume": 2027, "typical_volume": 6691.1, "trend": 10.47287, "fair_value": 20.563286, "relative_strength": -41.458831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.137431, "energy": 51.084109, "activity_lines": [ 8.455333, 8.46292, 8.83491, 9.557794 ] }, { "date": "2024-01-19", "close": 8.11, "volume": 2642, "typical_volume": 5901.75, "trend": 10.31687, "fair_value": 20.506642, "relative_strength": -46.155719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.704267, "energy": 47.383209, "activity_lines": [ 8.382667, 8.384364, 8.705461, 9.405351 ] }, { "date": "2024-01-26", "close": 9.75, "volume": 10646, "typical_volume": 6005.6, "trend": 10.241537, "fair_value": 20.464413, "relative_strength": -34.608471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.89437, "energy": 19.644008, "activity_lines": [ 8.873333, 8.610909, 8.754584, 9.368779 ] }, { "date": "2024-02-02", "close": 9.02, "volume": 9957, "typical_volume": 5331.45, "trend": 10.155203, "fair_value": 20.417731, "relative_strength": -39.140474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.354078, "energy": 20.314522, "activity_lines": [ 8.980667, 8.696182, 8.743611, 9.28997 ] }, { "date": "2024-02-09", "close": 8.95, "volume": 7193, "typical_volume": 5256.85, "trend": 10.05987, "fair_value": 20.371674, "relative_strength": -39.547667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.108349, "energy": 14.132051, "activity_lines": [ 9.003333, 8.769455, 8.736687, 9.212215 ] }, { "date": "2024-02-16", "close": 8.95, "volume": 4281, "typical_volume": 5023.45, "trend": 9.96487, "fair_value": 20.325844, "relative_strength": -37.408037, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.930495, "energy": 16.22879, "activity_lines": [ 9.014667, 8.835455, 8.74052, 9.140611 ] }, { "date": "2024-02-23", "close": 9.07, "volume": 3829, "typical_volume": 4962.4, "trend": 9.870473, "fair_value": 20.283509, "relative_strength": -36.099528, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.905527, "energy": 10.568056, "activity_lines": [ 9.052667, 8.913273, 8.762448, 9.082877 ] }, { "date": "2024-03-01", "close": 8.98, "volume": 2508, "typical_volume": 4658.35, "trend": 9.70414, "fair_value": 20.235891, "relative_strength": -36.593073, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.879936, "energy": 8.130001, "activity_lines": [ 8.996667, 8.961818, 8.780709, 9.025427 ] }, { "date": "2024-03-08", "close": 8.16, "volume": 5243, "typical_volume": 4696.9, "trend": 9.506807, "fair_value": 20.185223, "relative_strength": -39.916302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.25268, "energy": 22.166599, "activity_lines": [ 8.718667, 8.837091, 8.724542, 8.925805 ] }, { "date": "2024-03-15", "close": 9.01, "volume": 3358, "typical_volume": 4684.7, "trend": 9.379807, "fair_value": 20.142807, "relative_strength": -31.323006, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.657712, "energy": 13.922313, "activity_lines": [ 8.781333, 8.865818, 8.754808, 8.893753 ] }, { "date": "2024-03-22", "close": 8.68, "volume": 1732, "typical_volume": 4632.8, "trend": 9.268807, "fair_value": 20.098446, "relative_strength": -34.351709, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.769374, "energy": 18.167124, "activity_lines": [ 8.73, 8.830364, 8.75205, 8.848604 ] }, { "date": "2024-03-29", "close": 8.22, "volume": 673, "typical_volume": 4578.1, "trend": 9.115807, "fair_value": 20.039295, "relative_strength": -36.054108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.121219, "energy": 26.904072, "activity_lines": [ 8.543333, 8.712545, 8.705857, 8.780939 ] }, { "date": "2024-04-05", "close": 8.8, "volume": 4473, "typical_volume": 4628.9, "trend": 9.01814, "fair_value": 19.978647, "relative_strength": -29.516645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.830276, "energy": 19.288856, "activity_lines": [ 8.606667, 8.698182, 8.71619, 8.760565 ] }, { "date": "2024-04-12", "close": 8.5, "volume": 2969, "typical_volume": 4583.55, "trend": 8.925807, "fair_value": 19.924005, "relative_strength": -30.210981, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.345798, "energy": 22.854942, "activity_lines": [ 8.582, 8.646545, 8.700238, 8.727136 ] }, { "date": "2024-04-19", "close": 8.3333, "volume": 2132, "typical_volume": 4455.1, "trend": 8.829947, "fair_value": 19.862372, "relative_strength": -26.473124, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.75946, "energy": 29.808956, "activity_lines": [ 8.4791, 8.574055, 8.671076, 8.68891 ] }, { "date": "2024-04-26", "close": 8.19, "volume": 2133, "typical_volume": 4364.25, "trend": 8.757947, "fair_value": 19.803861, "relative_strength": -29.529607, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.472017, "energy": 33.467843, "activity_lines": [ 8.373547, 8.486722, 8.629299, 8.647623 ] }, { "date": "2024-05-03", "close": 8.01, "volume": 2938, "typical_volume": 4307.75, "trend": 8.68828, "fair_value": 19.739233, "relative_strength": -30.723143, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.517506, "energy": 51.793546, "activity_lines": [ 8.24066, 8.38048, 8.571378, 8.599369 ] }, { "date": "2024-05-10", "close": 7.95, "volume": 1903, "typical_volume": 4031.8, "trend": 8.62828, "fair_value": 19.677187, "relative_strength": -31.261696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.456184, "energy": 60.747296, "activity_lines": [ 8.101773, 8.282602, 8.50941, 8.551738 ] }, { "date": "2024-05-17", "close": 7.95, "volume": 2471, "typical_volume": 3722.85, "trend": 8.582913, "fair_value": 19.616172, "relative_strength": -31.691314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.349854, "energy": 59.177538, "activity_lines": [ 8.019553, 8.203451, 8.446013, 8.507978 ] }, { "date": "2024-05-24", "close": 7.66, "volume": 2937, "typical_volume": 3802.25, "trend": 8.54908, "fair_value": 19.521805, "relative_strength": -34.113588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.129158, "energy": 65.184617, "activity_lines": [ 7.877333, 8.075391, 8.355712, 8.448435 ] }, { "date": "2024-05-31", "close": 7.745, "volume": 850, "typical_volume": 3743.4, "trend": 8.515297, "fair_value": 19.42341, "relative_strength": -31.358986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.106032, "energy": 63.574109, "activity_lines": [ 7.808333, 7.987331, 8.278839, 8.396559 ] }, { "date": "2024-06-07", "close": 7.7464, "volume": 2279, "typical_volume": 3725.25, "trend": 8.49049, "fair_value": 19.325253, "relative_strength": -32.213229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.749696, "energy": 60.61761, "activity_lines": [ 7.769467, 7.916525, 8.206885, 8.346952 ] }, { "date": "2024-06-14", "close": 7.98, "volume": 2080, "typical_volume": 3296.95, "trend": 8.447157, "fair_value": 19.228307, "relative_strength": -31.576931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.672926, "energy": 56.121931, "activity_lines": [ 7.82604, 7.896804, 8.15891, 8.314018 ] }, { "date": "2024-06-21", "close": 6.82, "volume": 3591, "typical_volume": 2978.65, "trend": 8.37249, "fair_value": 19.122835, "relative_strength": -40.646556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.175076, "energy": 75.915627, "activity_lines": [ 7.493947, 7.681082, 8.008888, 8.20904 ] }, { "date": "2024-06-28", "close": 6.79, "volume": 17372, "typical_volume": 3487.6, "trend": 8.313823, "fair_value": 19.006033, "relative_strength": -39.976699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.933343, "energy": 76.725679, "activity_lines": [ 7.227187, 7.490451, 7.866485, 8.106944 ] }, { "date": "2024-07-05", "close": 7.3899, "volume": 1868, "typical_volume": 3366.95, "trend": 8.280153, "fair_value": 18.867476, "relative_strength": -36.031453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.428814, "energy": 65.582753, "activity_lines": [ 7.218393, 7.436953, 7.7915, 8.047336 ] }, { "date": "2024-07-12", "close": 7.0, "volume": 12785, "typical_volume": 3814.75, "trend": 8.23482, "fair_value": 18.749782, "relative_strength": -38.365635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.017238, "energy": 77.001893, "activity_lines": [ 7.103307, 7.327111, 7.686812, 7.964745 ] }, { "date": "2024-07-19", "close": 7.0, "volume": 7694, "typical_volume": 4074.05, "trend": 8.213153, "fair_value": 18.630956, "relative_strength": -34.904481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.819492, "energy": 64.242559, "activity_lines": [ 7.03798, 7.235633, 7.59198, 7.885079 ] }, { "date": "2024-07-26", "close": 7.39, "volume": 8390, "typical_volume": 4231.4, "trend": 8.189487, "fair_value": 18.5273, "relative_strength": -28.527717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.67958, "energy": 43.496361, "activity_lines": [ 7.167987, 7.232336, 7.54372, 7.831973 ] }, { "date": "2024-08-02", "close": 7.0001, "volume": 5141, "typical_volume": 4320.55, "trend": 8.130157, "fair_value": 18.428034, "relative_strength": -28.791495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.648032, "energy": 44.158968, "activity_lines": [ 7.130027, 7.168331, 7.461994, 7.755238 ] }, { "date": "2024-08-09", "close": 7.09, "volume": 3322, "typical_volume": 4400.05, "trend": 8.074823, "fair_value": 18.29869, "relative_strength": -26.664088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.799679, "energy": 39.905014, "activity_lines": [ 7.108027, 7.132669, 7.3984, 7.688131 ] }, { "date": "2024-08-16", "close": 7.476, "volume": 50159, "typical_volume": 6874.35, "trend": 8.05369, "fair_value": 18.161217, "relative_strength": -25.320644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.480475, "energy": 27.640732, "activity_lines": [ 7.234687, 7.179098, 7.37914, 7.649497 ] }, { "date": "2024-08-23", "close": 7.0, "volume": 3283, "typical_volume": 6814.85, "trend": 7.962023, "fair_value": 18.018668, "relative_strength": -29.602273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.230512, "energy": 33.076215, "activity_lines": [ 7.170947, 7.143898, 7.318089, 7.581517 ] }, { "date": "2024-08-30", "close": 7.55, "volume": 6242, "typical_volume": 6978.5, "trend": 7.913023, "fair_value": 17.874766, "relative_strength": -22.153354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.283988, "energy": 19.941625, "activity_lines": [ 7.29054, 7.226516, 7.31799, 7.554935 ] }, { "date": "2024-09-06", "close": 7.52, "volume": 17216, "typical_volume": 7732.7, "trend": 7.865357, "fair_value": 17.753746, "relative_strength": -16.518759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.391637, "energy": 17.799162, "activity_lines": [ 7.389467, 7.290407, 7.319558, 7.529579 ] }, { "date": "2024-09-13", "close": 7.62, "volume": 28136, "typical_volume": 9032.85, "trend": 7.821023, "fair_value": 17.61249, "relative_strength": -19.020931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.31055, "energy": 10.731686, "activity_lines": [ 7.487067, 7.359207, 7.334523, 7.513749 ] }, { "date": "2024-09-20", "close": 7.5, "volume": 16443, "typical_volume": 9708.1, "trend": 7.76869, "fair_value": 17.452679, "relative_strength": -20.233816, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.924436, "energy": 15.154801, "activity_lines": [ 7.509333, 7.402005, 7.340773, 7.493038 ] }, { "date": "2024-09-27", "close": 7.6325, "volume": 23639, "typical_volume": 10794.9, "trend": 7.723773, "fair_value": 17.308153, "relative_strength": -18.580451, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.414192, "energy": 14.712405, "activity_lines": [ 7.574167, 7.459804, 7.362071, 7.484252 ] }, { "date": "2024-10-04", "close": 7.35, "volume": 17322, "typical_volume": 11537.45, "trend": 7.696773, "fair_value": 17.162394, "relative_strength": -20.671717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.327385, "energy": 11.311107, "activity_lines": [ 7.502667, 7.454738, 7.357977, 7.460137 ] }, { "date": "2024-10-11", "close": 7.7, "volume": 28773, "typical_volume": 12829.25, "trend": 7.653107, "fair_value": 17.007272, "relative_strength": -16.965301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.212358, "energy": 10.096086, "activity_lines": [ 7.561167, 7.514036, 7.390072, 7.460346 ] }, { "date": "2024-10-18", "close": 8.05, "volume": 35997, "typical_volume": 14586.6, "trend": 7.632107, "fair_value": 16.826443, "relative_strength": -12.476287, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.725501, "energy": 30.562128, "activity_lines": [ 7.724333, 7.624245, 7.455311, 7.485952 ] }, { "date": "2024-10-25", "close": 7.52, "volume": 7921, "typical_volume": 14868.7, "trend": 7.608773, "fair_value": 16.639734, "relative_strength": -17.516681, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.926535, "energy": 12.635063, "activity_lines": [ 7.682167, 7.620636, 7.468621, 7.478719 ] }, { "date": "2024-11-01", "close": 7.82, "volume": 7757, "typical_volume": 15152.55, "trend": 7.576107, "fair_value": 16.485944, "relative_strength": -12.1087, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.733928, "energy": 26.741536, "activity_lines": [ 7.738667, 7.670773, 7.51158, 7.492346 ] }, { "date": "2024-11-08", "close": 8.01, "volume": 10710, "typical_volume": 15508.5, "trend": 7.559773, "fair_value": 16.321317, "relative_strength": -14.014907, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.37348, "energy": 31.051576, "activity_lines": [ 7.846, 7.740545, 7.573397, 7.52034 ] }, { "date": "2024-11-15", "close": 8.44, "volume": 23597, "typical_volume": 15819.75, "trend": 7.56333, "fair_value": 16.155404, "relative_strength": -5.470182, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.373512, "energy": 49.260804, "activity_lines": [ 8.052667, 7.880136, 7.6705, 7.577128 ] }, { "date": "2024-11-22", "close": 8.3999, "volume": 26258, "typical_volume": 17039.25, "trend": 7.570327, "fair_value": 15.987733, "relative_strength": -6.956424, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.735724, "energy": 56.932696, "activity_lines": [ 8.196633, 7.995709, 7.755926, 7.631101 ] }, { "date": "2024-11-29", "close": 8.5, "volume": 16076, "typical_volume": 17203.8, "trend": 7.58666, "fair_value": 15.836849, "relative_strength": -6.030376, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.358006, "energy": 60.876765, "activity_lines": [ 8.35064, 8.115302, 7.846076, 7.69108 ] }, { "date": "2024-12-06", "close": 11.01, "volume": 58934, "typical_volume": 19765.8, "trend": 7.68866, "fair_value": 15.685563, "relative_strength": 17.931652, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.23563, "energy": 85.447327, "activity_lines": [ 9.27598, 8.673076, 8.16813, 7.91194 ] }, { "date": "2024-12-13", "close": 10.43, "volume": 33436, "typical_volume": 21018.1, "trend": 7.771327, "fair_value": 15.535474, "relative_strength": 10.999407, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.300433, "energy": 80.833745, "activity_lines": [ 9.79532, 9.063987, 8.415852, 8.088801 ] }, { "date": "2024-12-20", "close": 11.87, "volume": 21434, "typical_volume": 21832.75, "trend": 7.91166, "fair_value": 15.390034, "relative_strength": 28.647936, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.985818, "energy": 89.193426, "activity_lines": [ 10.633327, 9.660716, 8.78624, 8.353231 ] }, { "date": "2024-12-27", "close": 11.0, "volume": 13306, "typical_volume": 22331.95, "trend": 8.02016, "fair_value": 15.229553, "relative_strength": 17.993539, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.513794, "energy": 80.868835, "activity_lines": [ 10.952667, 10.023445, 9.050581, 8.552479 ] }, { "date": "2025-01-03", "close": 14.728, "volume": 70638, "typical_volume": 23355.9, "trend": 8.25288, "fair_value": 15.10177, "relative_strength": 58.148446, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.214442, "energy": 90.571153, "activity_lines": [ 12.341333, 11.010356, 9.65135, 8.985243 ] }, { "date": "2025-01-10", "close": 14.98, "volume": 13769, "typical_volume": 23880.2, "trend": 8.486213, "fair_value": 14.968731, "relative_strength": 63.062066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.843969, "energy": 92.736094, "activity_lines": [ 13.3988, 11.912031, 10.241587, 9.419251 ] }, { "date": "2025-01-17", "close": 11.0, "volume": 21950, "typical_volume": 24665.6, "trend": 8.625547, "fair_value": 14.810631, "relative_strength": 16.187895, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.258704, "energy": 57.753559, "activity_lines": [ 12.864933, 11.959887, 10.414775, 9.581431 ] }, { "date": "2025-01-24", "close": 12.25, "volume": 10832, "typical_volume": 24346.4, "trend": 8.807547, "fair_value": 14.681618, "relative_strength": 27.465206, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.891001, "energy": 53.673195, "activity_lines": [ 12.709733, 12.180653, 10.690583, 9.815266 ] }, { "date": "2025-01-31", "close": 11.63, "volume": 68702, "typical_volume": 26374.7, "trend": 8.948883, "fair_value": 14.548203, "relative_strength": 22.569407, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.652489, "energy": 38.529235, "activity_lines": [ 12.322533, 12.219418, 10.884819, 9.99736 ] }, { "date": "2025-02-07", "close": 11.405, "volume": 18689, "typical_volume": 26487.0, "trend": 9.095717, "fair_value": 14.396165, "relative_strength": 19.899654, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.694271, "energy": 21.333386, "activity_lines": [ 11.818333, 12.158545, 11.038531, 10.155819 ] }, { "date": "2025-02-14", "close": 11.8, "volume": 11016, "typical_volume": 25855.85, "trend": 9.255717, "fair_value": 14.251181, "relative_strength": 20.411983, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.377795, "energy": 20.553075, "activity_lines": [ 11.667333, 12.116673, 11.211268, 10.330289 ] }, { "date": "2025-02-21", "close": 11.24, "volume": 31199, "typical_volume": 26549.7, "trend": 9.38405, "fair_value": 14.107308, "relative_strength": 17.269996, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.65635, "energy": 17.060246, "activity_lines": [ 11.541667, 11.958618, 11.310825, 10.458307 ] }, { "date": "2025-02-28", "close": 11.3, "volume": 12143, "typical_volume": 25718.2, "trend": 9.52738, "fair_value": 13.971958, "relative_strength": 21.798503, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.003397, "energy": 15.828641, "activity_lines": [ 11.42, 11.796745, 11.397573, 10.581917 ] }, { "date": "2025-03-07", "close": 11.62, "volume": 12228, "typical_volume": 24529.75, "trend": 9.67838, "fair_value": 13.853548, "relative_strength": 28.750551, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.87271, "energy": 15.125456, "activity_lines": [ 11.468333, 11.703418, 11.497655, 10.716925 ] }, { "date": "2025-03-14", "close": 10.23, "volume": 54088, "typical_volume": 26838.1, "trend": 9.77018, "fair_value": 13.700902, "relative_strength": 16.162099, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.93204, "energy": 8.810061, "activity_lines": [ 11.054, 11.346091, 11.448355, 10.752513 ] }, { "date": "2025-03-21", "close": 9.7, "volume": 12876, "typical_volume": 27094.05, "trend": 9.86018, "fair_value": 13.541291, "relative_strength": 9.800249, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.861269, "energy": 9.134935, "activity_lines": [ 10.541333, 10.974182, 11.335675, 10.747985 ] }, { "date": "2025-03-28", "close": 8.8281, "volume": 15782, "typical_volume": 27347.65, "trend": 9.902783, "fair_value": 13.374594, "relative_strength": 2.29592, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.477993, "energy": 25.573, "activity_lines": [ 9.878033, 10.539745, 11.131004, 10.6814 ] }, { "date": "2025-04-04", "close": 8.35, "volume": 7759, "typical_volume": 26555.75, "trend": 9.93045, "fair_value": 13.221602, "relative_strength": 7.386543, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.514853, "energy": 46.269945, "activity_lines": [ 9.21616, 10.057871, 10.876904, 10.58122 ] }, { "date": "2025-04-11", "close": 9.96, "volume": 15180, "typical_volume": 26001.85, "trend": 10.00845, "fair_value": 13.0853, "relative_strength": 18.848737, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.678145, "energy": 40.403636, "activity_lines": [ 9.28762, 9.939633, 10.776566, 10.583126 ] }, { "date": "2025-04-18", "close": 9.5, "volume": 5996, "typical_volume": 25497.85, "trend": 10.075117, "fair_value": 12.948474, "relative_strength": 15.847283, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.994466, "energy": 38.578575, "activity_lines": [ 9.316413, 9.768122, 10.624989, 10.550323 ] }, { "date": "2025-04-25", "close": 11.25, "volume": 10587, "typical_volume": 23080.5, "trend": 10.1957, "fair_value": 12.819717, "relative_strength": 28.298936, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 6.068962, "energy": 9.314235, "activity_lines": [ 9.977207, 9.949429, 10.635317, 10.626122 ] }, { "date": "2025-05-02", "close": 10.31, "volume": 3412, "typical_volume": 21579.3, "trend": 10.294367, "fair_value": 12.695847, "relative_strength": 13.361594, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.122605, "energy": 8.300537, "activity_lines": [ 10.221333, 9.969827, 10.554979, 10.633496 ] }, { "date": "2025-05-09", "close": 11.05, "volume": 2693, "typical_volume": 20642.25, "trend": 10.406033, "fair_value": 12.601709, "relative_strength": 21.142322, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.50551, "energy": 12.391486, "activity_lines": [ 10.613333, 10.14168, 10.545688, 10.682247 ] }, { "date": "2025-05-16", "close": 10.545, "volume": 4215, "typical_volume": 20187.7, "trend": 10.4892, "fair_value": 12.524773, "relative_strength": 7.891763, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.01372, "energy": 12.981789, "activity_lines": [ 10.657, 10.22626, 10.492206, 10.691212 ] }, { "date": "2025-05-23", "close": 9.5, "volume": 32641, "typical_volume": 18287.85, "trend": 10.5552, "fair_value": 12.418941, "relative_strength": -0.644465, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.222321, "energy": 7.314485, "activity_lines": [ 10.313333, 10.140385, 10.341368, 10.627393 ] }, { "date": "2025-05-30", "close": 9.99, "volume": 6276, "typical_volume": 17913.2, "trend": 10.627533, "fair_value": 12.337356, "relative_strength": 2.288749, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.772853, "energy": 18.225918, "activity_lines": [ 10.133, 10.156875, 10.262091, 10.590929 ] }, { "date": "2025-06-06", "close": 10.67, "volume": 23255, "typical_volume": 17978.45, "trend": 10.7162, "fair_value": 12.264072, "relative_strength": 6.662787, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.834369, "energy": 14.498666, "activity_lines": [ 10.263333, 10.291727, 10.271338, 10.593668 ] }, { "date": "2025-06-13", "close": 9.4, "volume": 15668, "typical_volume": 18220.25, "trend": 10.7482, "fair_value": 12.190507, "relative_strength": -5.609181, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.126966, "energy": 25.427854, "activity_lines": [ 9.946333, 10.162182, 10.161204, 10.508752 ] }, { "date": "2025-06-20", "close": 9.8, "volume": 9924, "typical_volume": 15281.35, "trend": 10.79487, "fair_value": 12.149238, "relative_strength": -1.998338, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.419589, "energy": 26.174348, "activity_lines": [ 9.872667, 10.086273, 10.102737, 10.447578 ] }, { "date": "2025-06-27", "close": 9.0, "volume": 168938, "typical_volume": 22793.8, "trend": 10.811537, "fair_value": 12.1051, "relative_strength": -13.774957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.99377, "energy": 39.034941, "activity_lines": [ 9.582, 9.867818, 9.976794, 10.33178 ] }, { "date": "2025-07-04", "close": 9.2, "volume": 190605, "typical_volume": 31773.25, "trend": 10.751203, "fair_value": 12.056894, "relative_strength": -13.284022, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.791062, "energy": 46.399759, "activity_lines": [ 9.391333, 9.694818, 9.88135, 10.22781 ] }, { "date": "2025-07-11", "close": 8.5, "volume": 11534, "typical_volume": 30790.0, "trend": 10.68687, "fair_value": 11.998139, "relative_strength": -19.68, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.245016, "energy": 54.465324, "activity_lines": [ 9.02, 9.431818, 9.731621, 10.082571 ] }, { "date": "2025-07-18", "close": 7.86, "volume": 44579, "typical_volume": 32411.8, "trend": 10.553203, "fair_value": 11.952061, "relative_strength": -26.602203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.734593, "energy": 66.458333, "activity_lines": [ 8.58, 9.085364, 9.533988, 9.900192 ] }, { "date": "2025-07-25", "close": 8.33, "volume": 17324, "typical_volume": 32666.6, "trend": 10.464203, "fair_value": 11.897483, "relative_strength": -22.810572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.421073, "energy": 64.681332, "activity_lines": [ 8.399333, 8.882364, 9.397497, 9.75676 ] }, { "date": "2025-08-01", "close": 8.2, "volume": 210674, "typical_volume": 40495.9, "trend": 10.246603, "fair_value": 11.832456, "relative_strength": -22.232563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.824679, "energy": 60.95164, "activity_lines": [ 8.273333, 8.696, 9.264291, 9.610682 ] }, { "date": "2025-08-08", "close": 8.37, "volume": 93747, "typical_volume": 44539.45, "trend": 10.02627, "fair_value": 11.763619, "relative_strength": -23.378462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.292769, "energy": 45.441615, "activity_lines": [ 8.257333, 8.564182, 9.156943, 9.489611 ] }, { "date": "2025-08-15", "close": 9.1, "volume": 78084, "typical_volume": 47654.55, "trend": 9.962937, "fair_value": 11.659651, "relative_strength": -17.093034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.900781, "energy": 29.816645, "activity_lines": [ 8.54, 8.594545, 9.125452, 9.429852 ] }, { "date": "2025-08-22", "close": 8.33, "volume": 49076, "typical_volume": 49720.4, "trend": 9.83227, "fair_value": 11.557485, "relative_strength": -23.387894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.297764, "energy": 26.177237, "activity_lines": [ 8.526, 8.513455, 9.019333, 9.324501 ] }, { "date": "2025-08-29", "close": 9.58, "volume": 35371, "typical_volume": 50729.95, "trend": 9.763937, "fair_value": 11.476806, "relative_strength": -11.725267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.581767, "energy": 14.398219, "activity_lines": [ 8.897333, 8.679091, 9.032357, 9.308225 ] }, { "date": "2025-09-05", "close": 9.57, "volume": 46933, "typical_volume": 52776.8, "trend": 9.70277, "fair_value": 11.414681, "relative_strength": -12.662602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.483606, "energy": 14.753408, "activity_lines": [ 9.182, 8.846909, 9.046238, 9.295713 ] }, { "date": "2025-09-12", "close": 7.8, "volume": 64295, "typical_volume": 55462.2, "trend": 9.569437, "fair_value": 11.35182, "relative_strength": -29.901927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.759727, "energy": 18.89347, "activity_lines": [ 8.785333, 8.682545, 8.891214, 9.172954 ] }, { "date": "2025-09-19", "close": 8.83, "volume": 219383, "typical_volume": 66260.75, "trend": 9.489103, "fair_value": 11.289371, "relative_strength": -22.254606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.434403, "energy": 12.909426, "activity_lines": [ 8.77, 8.730909, 8.850714, 9.125248 ] }, { "date": "2025-09-26", "close": 8.3, "volume": 25434, "typical_volume": 67397.8, "trend": 9.389103, "fair_value": 11.213805, "relative_strength": -26.454257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.908335, "energy": 22.965907, "activity_lines": [ 8.596, 8.676909, 8.766786, 9.048532 ] }, { "date": "2025-10-03", "close": 8.925, "volume": 162309, "typical_volume": 75302.5, "trend": 9.29927, "fair_value": 11.128686, "relative_strength": -21.832409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.019288, "energy": 22.146421, "activity_lines": [ 8.632333, 8.728545, 8.755476, 9.01859 ] }, { "date": "2025-10-10", "close": 9.0, "volume": 99783, "typical_volume": 78659.6, "trend": 9.25827, "fair_value": 11.043925, "relative_strength": -19.311633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.889627, "energy": 12.729947, "activity_lines": [ 8.737333, 8.783, 8.759024, 8.999282 ] }, { "date": "2025-10-17", "close": 8.72, "volume": 699398, "typical_volume": 113315.7, "trend": 9.225603, "fair_value": 10.961146, "relative_strength": -23.540053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.045859, "energy": 9.694519, "activity_lines": [ 8.787, 8.772, 8.738286, 8.964555 ] }, { "date": "2025-10-24", "close": 9.05, "volume": 117056, "typical_volume": 118005.75, "trend": 9.233, "fair_value": 10.885744, "relative_strength": -22.292749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.133693, "energy": 7.913826, "activity_lines": [ 8.885333, 8.814636, 8.755024, 8.953226 ] }, { "date": "2025-10-31", "close": 10.19, "volume": 97627, "typical_volume": 122103.7, "trend": 9.294333, "fair_value": 10.813068, "relative_strength": -14.175183, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.421684, "energy": 14.47324, "activity_lines": [ 9.349, 9.065455, 8.888048, 9.014968 ] }, { "date": "2025-11-07", "close": 9.2, "volume": 334099, "typical_volume": 138312.45, "trend": 9.269, "fair_value": 10.740609, "relative_strength": -20.010144, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.314293, "energy": 11.984358, "activity_lines": [ 9.356667, 9.102455, 8.923024, 9.008882 ] }, { "date": "2025-11-14", "close": 9.59, "volume": 16953, "typical_volume": 130713.2, "trend": 9.272, "fair_value": 10.663406, "relative_strength": -16.384832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.009578, "energy": 19.24615, "activity_lines": [ 9.476, 9.217273, 8.998, 9.029591 ] }, { "date": "2025-11-21", "close": 9.765, "volume": 34514, "typical_volume": 122908.65, "trend": 9.2225, "fair_value": 10.585158, "relative_strength": -12.134609, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.97899, "energy": 27.06399, "activity_lines": [ 9.614333, 9.363545, 9.086833, 9.061398 ] }, { "date": "2025-11-28", "close": 9.4171, "volume": 11766, "typical_volume": 122920.25, "trend": 9.192737, "fair_value": 10.509633, "relative_strength": -19.129305, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.310085, "energy": 15.269709, "activity_lines": [ 9.567033, 9.410836, 9.139843, 9.073953 ] }, { "date": "2025-12-05", "close": 9.64, "volume": 13905, "typical_volume": 121386.55, "trend": 9.145737, "fair_value": 10.431822, "relative_strength": -17.5666, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.047246, "energy": 18.446687, "activity_lines": [ 9.56956, 9.48798, 9.209714, 9.102808 ] }, { "date": "2025-12-12", "close": 8.65, "volume": 14704, "typical_volume": 121255.55, "trend": 9.08257, "fair_value": 10.362503, "relative_strength": -24.16051, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.410549, "energy": 3.128885, "activity_lines": [ 9.278753, 9.36076, 9.176823, 9.070825 ] }, { "date": "2025-12-19", "close": 8.11, "volume": 22283, "typical_volume": 111836.0, "trend": 9.036237, "fair_value": 10.297032, "relative_strength": -28.56114, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.458561, "energy": 12.666784, "activity_lines": [ 8.844613, 9.140358, 9.09098, 9.008079 ] }, { "date": "2025-12-26", "close": 7.66, "volume": 21968, "typical_volume": 108247.05, "trend": 8.95857, "fair_value": 10.2343, "relative_strength": -32.726813, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.774778, "energy": 30.210101, "activity_lines": [ 8.35914, 8.85432, 8.962708, 8.919289 ] }, { "date": "2026-01-02", "close": 8.35, "volume": 311875, "typical_volume": 119936.6, "trend": 8.881237, "fair_value": 10.183488, "relative_strength": -24.186581, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.80905, "energy": 31.369419, "activity_lines": [ 8.244, 8.713009, 8.903531, 8.880027 ] }, { "date": "2026-01-09", "close": 7.71, "volume": 47075, "typical_volume": 119836.55, "trend": 8.824903, "fair_value": 10.129604, "relative_strength": -30.210363, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.817922, "energy": 52.188024, "activity_lines": [ 7.986667, 8.468062, 8.786973, 8.804463 ] }, { "date": "2026-01-16", "close": 7.61, "volume": 488841, "typical_volume": 142510.05, "trend": 8.751903, "fair_value": 10.075108, "relative_strength": -29.833667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.710734, "energy": 55.44251, "activity_lines": [ 7.824667, 8.250024, 8.663844, 8.726082 ] }, { "date": "2026-01-23", "close": 7.69, "volume": 51958, "typical_volume": 142761.3, "trend": 8.708237, "fair_value": 10.024126, "relative_strength": -28.402896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.567133, "energy": 47.609879, "activity_lines": [ 7.758667, 8.07544, 8.557715, 8.657572 ] }, { "date": "2026-01-30", "close": 7.448, "volume": 31338, "typical_volume": 141113.45, "trend": 8.649837, "fair_value": 9.966595, "relative_strength": -29.746432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.642169, "energy": 52.323375, "activity_lines": [ 7.64, 7.891402, 8.437491, 8.576267 ] }, { "date": "2026-02-06", "close": 7.39, "volume": 47314, "typical_volume": 132510.0, "trend": 8.612837, "fair_value": 9.908217, "relative_strength": -28.101653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.333703, "energy": 59.646056, "activity_lines": [ 7.516133, 7.738945, 8.313419, 8.494987 ] }, { "date": "2026-02-13", "close": 7.222, "volume": 12683, "typical_volume": 131872.45, "trend": 8.59157, "fair_value": 9.848299, "relative_strength": -28.00947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.1221, "energy": 59.663306, "activity_lines": [ 7.400267, 7.5928, 8.180204, 8.405256 ] }, { "date": "2026-02-20", "close": 7.135, "volume": 11457, "typical_volume": 124329.85, "trend": 8.551737, "fair_value": 9.786606, "relative_strength": -28.881267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.089237, "energy": 61.548387, "activity_lines": [ 7.287933, 7.4748, 8.043837, 8.311283 ] }, { "date": "2026-02-27", "close": 6.825, "volume": 10796, "typical_volume": 119880.5, "trend": 8.505903, "fair_value": 9.72102, "relative_strength": -30.905136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.143967, "energy": 65.172059, "activity_lines": [ 7.103933, 7.327982, 7.88647, 8.199881 ] }, { "date": "2026-03-06", "close": 6.7, "volume": 19533, "typical_volume": 85887.25, "trend": 8.450237, "fair_value": 9.648885, "relative_strength": -30.281297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.735175, "energy": 62.56049, "activity_lines": [ 6.935933, 7.1818, 7.727555, 8.083371 ] }, { "date": "2026-03-13", "close": 6.6, "volume": 12758, "typical_volume": 80672.35, "trend": 8.366903, "fair_value": 9.580028, "relative_strength": -29.754469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.12439, "energy": 64.769442, "activity_lines": [ 6.784467, 7.034891, 7.568736, 7.964001 ] }, { "date": "2026-03-20", "close": 6.75, "volume": 21416, "typical_volume": 76861.8, "trend": 8.314237, "fair_value": 9.517501, "relative_strength": -25.937836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.144987, "energy": 57.751581, "activity_lines": [ 6.735667, 6.947073, 7.435869, 7.859685 ] }, { "date": "2026-03-27", "close": 6.95, "volume": 13791, "typical_volume": 60846.4, "trend": 8.22657, "fair_value": 9.453098, "relative_strength": -20.561695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.90356, "energy": 48.934239, "activity_lines": [ 6.785, 6.913073, 7.33843, 7.771669 ] }, { "date": "2026-04-03", "close": 5.79, "volume": 11843, "typical_volume": 60590.9, "trend": 8.10057, "fair_value": 9.385933, "relative_strength": -35.561552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.758929, "energy": 72.991559, "activity_lines": [ 6.46, 6.680164, 7.14123, 7.614471 ] }, { "date": "2026-04-10", "close": 5.625, "volume": 317551, "typical_volume": 74742.75, "trend": 8.02807, "fair_value": 9.324089, "relative_strength": -39.093192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.64757, "energy": 59.249381, "activity_lines": [ 6.149, 6.4518, 6.94641, 7.454757 ] }, { "date": "2026-04-17", "close": 5.2011, "volume": 32936, "typical_volume": 75801.25, "trend": 7.907107, "fair_value": 9.269003, "relative_strength": -46.036759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.855712, "energy": 82.071379, "activity_lines": [ 5.768367, 6.179509, 6.730933, 7.272372 ] }, { "date": "2026-04-24", "close": 4.76, "volume": 30846, "typical_volume": 76648.3, "trend": 7.789107, "fair_value": 9.221163, "relative_strength": -50.607592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.619304, "energy": 90.158519, "activity_lines": [ 5.33396, 5.866816, 6.493523, 7.069333 ] }, { "date": "2026-05-01", "close": 4.38, "volume": 10478, "typical_volume": 76437.0, "trend": 7.637607, "fair_value": 9.16713, "relative_strength": -54.355872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.156611, "energy": 90.866254, "activity_lines": [ 4.905553, 5.529796, 6.243161, 6.849391 ] }, { "date": "2026-05-08", "close": 5.7, "volume": 795785, "typical_volume": 115112.1, "trend": 7.527607, "fair_value": 9.124716, "relative_strength": -42.554955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.467746, "energy": 70.667187, "activity_lines": [ 5.08848, 5.482867, 6.138846, 6.724384 ] }, { "date": "2026-05-15", "close": 4.215, "volume": 179864, "typical_volume": 123006.9, "trend": 7.37744, "fair_value": 9.069372, "relative_strength": -56.523137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.099486, "energy": 62.643191, "activity_lines": [ 4.782407, 5.186393, 5.904579, 6.510667 ] }, { "date": "2026-05-22", "close": 4.37, "volume": 375503, "typical_volume": 126188.3, "trend": 7.22144, "fair_value": 9.017011, "relative_strength": -54.659688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.050416, "energy": 57.325807, "activity_lines": [ 4.622, 4.963282, 5.701479, 6.316639 ] }, { "date": "2026-05-29", "close": 5.7, "volume": 62107, "typical_volume": 126939.9, "trend": 7.071773, "fair_value": 8.973334, "relative_strength": -41.55392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.517448, "energy": 40.573669, "activity_lines": [ 4.960333, 5.022535, 5.643997, 6.218481 ] }, { "date": "2026-06-05", "close": 5.7, "volume": 41653, "typical_volume": 104580.5, "trend": 6.955107, "fair_value": 8.93092, "relative_strength": -37.697879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.213106, "energy": 31.884294, "activity_lines": [ 5.236, 5.100878, 5.596087, 6.12998 ] }, { "date": "2026-06-12", "close": 5.5, "volume": 39022, "typical_volume": 103933.7, "trend": 6.818773, "fair_value": 8.885087, "relative_strength": -40.33169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.925278, "energy": 21.737044, "activity_lines": [ 5.357, 5.165585, 5.538225, 6.036102 ] }, { "date": "2026-06-19", "close": 5.42, "volume": 97168, "typical_volume": 107225.2, "trend": 6.67394, "fair_value": 8.837843, "relative_strength": -41.734864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.510758, "energy": 20.420925, "activity_lines": [ 5.464667, 5.22102, 5.483172, 5.945858 ] }, { "date": "2026-06-26", "close": 5.07, "volume": 155398, "typical_volume": 112629.4, "trend": 6.529037, "fair_value": 8.793356, "relative_strength": -42.105816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.419677, "energy": 17.760131, "activity_lines": [ 5.375333, 5.216545, 5.404443, 5.842378 ] }, { "date": "2026-07-03", "close": 5.16, "volume": 13313, "typical_volume": 112660.9, "trend": 6.379703, "fair_value": 8.75201, "relative_strength": -40.71997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.304327, "energy": 20.245199, "activity_lines": [ 5.269333, 5.230818, 5.345333, 5.754054 ] }, { "date": "2026-07-10", "close": 4.7, "volume": 35298, "typical_volume": 113852.95, "trend": 6.248037, "fair_value": 8.706433, "relative_strength": -46.210421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.195294, "energy": 33.431266, "activity_lines": [ 5.046, 5.154182, 5.252232, 5.645686 ] }, { "date": "2026-07-17", "close": 4.25, "volume": 40900, "typical_volume": 115358.15, "trend": 6.11937, "fair_value": 8.658035, "relative_strength": -48.59735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.329259, "energy": 52.460488, "activity_lines": [ 4.739333, 4.989909, 5.12787, 5.51678 ] }, { "date": "2026-07-24", "close": 4.5, "volume": 57266, "typical_volume": 117244.8, "trend": 6.014037, "fair_value": 8.610587, "relative_strength": -43.948739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.815354, "energy": 51.259805, "activity_lines": [ 4.599333, 4.897455, 5.039579, 5.412305 ] }, { "date": "2026-07-31", "close": 4.79, "volume": 50040, "typical_volume": 119108.9, "trend": 5.89537, "fair_value": 8.551741, "relative_strength": -39.884556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.304717, "energy": 46.66006, "activity_lines": [ 4.617333, 4.852545, 4.989383, 5.333334 ] }, { "date": "2026-08-07", "close": 4.7907, "volume": 45275, "typical_volume": 120301.85, "trend": 5.79806, "fair_value": 8.492194, "relative_strength": -42.019771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.374607, "energy": 37.024286, "activity_lines": [ 4.654233, 4.800127, 4.947873, 5.262065 ] } ], "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." } } }