{ "ticker": { "uuid": "a0b5b16e-237f-44e6-868e-9eb7594e04f3", "symbol": "WU", "name": "Western Union Co", "exchange": "NYSE", "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": "SPY", "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": -59.931, "architecture_energy": 36.397, "architecture_maturity": 35.526, "architecture_confidence": 92.906, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 30.21, "rotation_up": 22.83, "upward_expansion": 6.75, "deceleration": 49.8, "rotation_down": 46.0, "downward_expansion": 73.08 }, "activity_lines": [ 7.406667, 7.571673, 7.785113, 8.037149 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 7.08, "trend_reference": 8.360735, "distance_from_trend": -0.153184, "trend_direction": "Weakening", "fair_value": 9.013444, "distance_from_fair_value": -0.214507, "fair_value_direction": "Weakening", "relative_strength": -23.610246, "relative_strength_direction": "Weakening", "price_momentum": -0.270927, "excess_performance": -0.396552, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.153184, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.037231, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.214507, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.177955, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.236102, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.182808, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.270927, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.831429, "read": "Supply-led" } ], "volume": { "latest": 81119036, "relative_activity": 1.794673, "balance": 0.831429, "dry_up": 1.490694, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.110078, "annualized_volatility": 0.525313, "from_high_reference": -0.275907, "from_low_reference": 0.129187 }, "levels": { "trend_reference": 8.360735, "fair_value_reference": 9.013444, "structural_low": 6.27, "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": 33, "median_return": -0.009399, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.026461, "regime_survival": 0.818182, "best_return": 0.128302, "worst_return": -0.149208, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.059815, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.041591, "regime_survival": 0.727273, "best_return": 0.175114, "worst_return": -0.234152, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.121266, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.159953, "regime_survival": 0.5, "best_return": 0.348413, "worst_return": -0.204462, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.200656, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.251085, "regime_survival": 0.75, "best_return": -0.016909, "worst_return": -0.259638, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-06-21", "tenure": "Developing", "return": -0.059053, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.027823, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-19", "end": "2024-08-02", "tenure": "New", "return": -0.075441, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-10-11", "tenure": "Developing", "return": 0.034829, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.099748, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-03-14", "tenure": "Established", "return": 0.020428, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-05-02", "tenure": "Developing", "return": -0.086466, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-10-17", "tenure": "Established", "return": -0.102536, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.040134, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.034066, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-03-06", "tenure": "Established", "return": 0.104601, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-05-08", "tenure": "Developing", "return": -0.024089, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": -0.103118, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.031898, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.94098, "volume": 19299007, "typical_volume": 25760153.95, "trend": 8.933469, "fair_value": 12.399113, "relative_strength": -12.632289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.006834, "energy": 13.91673, "activity_lines": [ 9.033656, 9.023573, 8.918035, 8.840872 ] }, { "date": "2023-08-25", "close": 9.062522, "volume": 12500991, "typical_volume": 24616139.6, "trend": 8.891157, "fair_value": 12.358365, "relative_strength": -11.68705, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.315404, "energy": 9.563683, "activity_lines": [ 9.027072, 9.040976, 8.945075, 8.849198 ] }, { "date": "2023-09-01", "close": 9.487922, "volume": 13192318, "typical_volume": 24175774.8, "trend": 8.860596, "fair_value": 12.32418, "relative_strength": -9.427234, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.60421, "energy": 38.374096, "activity_lines": [ 9.175456, 9.130476, 9.008583, 8.887699 ] }, { "date": "2023-09-08", "close": 9.708218, "volume": 28659536, "typical_volume": 24093381.95, "trend": 8.842965, "fair_value": 12.295161, "relative_strength": -5.797292, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.869367, "energy": 60.842817, "activity_lines": [ 9.372456, 9.244284, 9.087213, 8.942384 ] }, { "date": "2023-09-15", "close": 9.771524, "volume": 26558688, "typical_volume": 24369201.25, "trend": 8.832787, "fair_value": 12.263425, "relative_strength": -4.694779, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.222563, "energy": 72.23438, "activity_lines": [ 9.548019, 9.3551, 9.164149, 9.002292 ] }, { "date": "2023-09-22", "close": 10.096468, "volume": 19792209, "typical_volume": 22922385.45, "trend": 8.851413, "fair_value": 12.238272, "relative_strength": 1.797652, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.19499, "energy": 82.190786, "activity_lines": [ 9.782097, 9.506719, 9.264255, 9.083819 ] }, { "date": "2023-09-29", "close": 10.197046, "volume": 26627637, "typical_volume": 22501030.2, "trend": 8.879707, "fair_value": 12.214471, "relative_strength": 3.83396, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.398862, "energy": 84.079501, "activity_lines": [ 9.972669, 9.660036, 9.368942, 9.170634 ] }, { "date": "2023-10-06", "close": 10.204783, "volume": 19826211, "typical_volume": 22065412.15, "trend": 8.950033, "fair_value": 12.187262, "relative_strength": 3.696325, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.448497, "energy": 82.642936, "activity_lines": [ 10.090185, 9.797724, 9.467541, 9.256123 ] }, { "date": "2023-10-13", "close": 10.173836, "volume": 22305011, "typical_volume": 22048981.75, "trend": 9.022099, "fair_value": 12.160521, "relative_strength": 3.336855, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.12348, "energy": 81.250191, "activity_lines": [ 10.149594, 9.909983, 9.557926, 9.335078 ] }, { "date": "2023-10-20", "close": 10.227993, "volume": 17344250, "typical_volume": 21871551.9, "trend": 9.093489, "fair_value": 12.134544, "relative_strength": 6.627887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.003291, "energy": 73.394196, "activity_lines": [ 10.196015, 10.012021, 9.646543, 9.412878 ] }, { "date": "2023-10-27", "close": 8.788956, "volume": 38994454, "typical_volume": 22716027.85, "trend": 9.109712, "fair_value": 12.109884, "relative_strength": -5.662438, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.145579, "energy": 21.416848, "activity_lines": [ 9.732325, 9.830535, 9.591279, 9.39323 ] }, { "date": "2023-11-03", "close": 9.082953, "volume": 30363581, "typical_volume": 22095500.05, "trend": 9.138714, "fair_value": 12.082317, "relative_strength": -7.589289, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.051715, "energy": 18.328245, "activity_lines": [ 9.453802, 9.705267, 9.564002, 9.391504 ] }, { "date": "2023-11-10", "close": 9.09069, "volume": 22487744, "typical_volume": 22145494.6, "trend": 9.166485, "fair_value": 12.052091, "relative_strength": -8.391252, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.783137, "energy": 25.283624, "activity_lines": [ 9.25213, 9.581034, 9.535989, 9.388406 ] }, { "date": "2023-11-17", "close": 9.299582, "volume": 17460136, "typical_volume": 22157261.8, "trend": 9.206927, "fair_value": 12.024621, "relative_strength": -8.019189, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.572151, "energy": 30.196885, "activity_lines": [ 9.194362, 9.502004, 9.525639, 9.396993 ] }, { "date": "2023-11-24", "close": 9.330529, "volume": 12604259, "typical_volume": 21956241.2, "trend": 9.246664, "fair_value": 11.9906, "relative_strength": -8.206908, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.267908, "energy": 24.396473, "activity_lines": [ 9.205194, 9.43603, 9.516383, 9.404967 ] }, { "date": "2023-12-01", "close": 9.021059, "volume": 25587342, "typical_volume": 22358892.0, "trend": 9.245805, "fair_value": 11.958011, "relative_strength": -11.5164, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.414146, "energy": 25.074255, "activity_lines": [ 9.172699, 9.321808, 9.474968, 9.390412 ] }, { "date": "2023-12-08", "close": 9.237688, "volume": 24100672, "typical_volume": 22711119.05, "trend": 9.261598, "fair_value": 11.925019, "relative_strength": -9.153306, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.962064, "energy": 16.567981, "activity_lines": [ 9.196941, 9.266525, 9.45496, 9.389888 ] }, { "date": "2023-12-15", "close": 9.253161, "volume": 30642298, "typical_volume": 22495464.65, "trend": 9.266738, "fair_value": 11.888522, "relative_strength": -10.674126, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.687072, "energy": 13.359173, "activity_lines": [ 9.216025, 9.231499, 9.436532, 9.389344 ] }, { "date": "2023-12-22", "close": 9.337934, "volume": 23549667, "typical_volume": 22700249.7, "trend": 9.287362, "fair_value": 11.856398, "relative_strength": -10.12946, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.26828, "energy": 7.798852, "activity_lines": [ 9.252535, 9.229188, 9.425523, 9.393937 ] }, { "date": "2023-12-29", "close": 9.401028, "volume": 14250695, "typical_volume": 22307335.3, "trend": 9.307607, "fair_value": 11.824342, "relative_strength": -9.292875, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.951347, "energy": 4.56324, "activity_lines": [ 9.30752, 9.253546, 9.419248, 9.40127 ] }, { "date": "2024-01-05", "close": 9.432575, "volume": 21017182, "typical_volume": 22393244.05, "trend": 9.329151, "fair_value": 11.786891, "relative_strength": -7.003116, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.376018, "energy": 8.089035, "activity_lines": [ 9.36832, 9.298677, 9.414184, 9.409333 ] }, { "date": "2024-01-12", "close": 9.613971, "volume": 23887717, "typical_volume": 22962580.35, "trend": 9.357155, "fair_value": 11.756242, "relative_strength": -6.42867, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.793621, "energy": 18.887996, "activity_lines": [ 9.462151, 9.365086, 9.424055, 9.427708 ] }, { "date": "2024-01-19", "close": 9.519329, "volume": 15738001, "typical_volume": 23089864.5, "trend": 9.387068, "fair_value": 11.724439, "relative_strength": -7.896555, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.231417, "energy": 18.364116, "activity_lines": [ 9.49935, 9.404633, 9.422287, 9.438171 ] }, { "date": "2024-01-26", "close": 9.8348, "volume": 16756461, "typical_volume": 22494710.75, "trend": 9.417875, "fair_value": 11.693775, "relative_strength": -5.333789, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.381277, "energy": 39.640761, "activity_lines": [ 9.62396, 9.493744, 9.450414, 9.467057 ] }, { "date": "2024-02-02", "close": 9.945215, "volume": 33235288, "typical_volume": 22828540.75, "trend": 9.457174, "fair_value": 11.660873, "relative_strength": -5.144062, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.679692, "energy": 59.625248, "activity_lines": [ 9.752252, 9.5932, 9.488454, 9.501079 ] }, { "date": "2024-02-09", "close": 9.8348, "volume": 32270115, "typical_volume": 23452436.05, "trend": 9.478865, "fair_value": 11.622971, "relative_strength": -6.985803, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.520249, "energy": 54.204367, "activity_lines": [ 9.807459, 9.661405, 9.515151, 9.525442 ] }, { "date": "2024-02-16", "close": 10.087177, "volume": 31449756, "typical_volume": 23693542.0, "trend": 9.506436, "fair_value": 11.587023, "relative_strength": -3.844205, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.680498, "energy": 65.927314, "activity_lines": [ 9.919977, 9.760701, 9.56713, 9.564688 ] }, { "date": "2024-02-23", "close": 10.221252, "volume": 18909261, "typical_volume": 23647694.5, "trend": 9.543288, "fair_value": 11.554839, "relative_strength": -3.787044, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.589172, "energy": 66.056245, "activity_lines": [ 10.04564, 9.868928, 9.632401, 9.610805 ] }, { "date": "2024-03-01", "close": 10.639251, "volume": 18382879, "typical_volume": 23451587.9, "trend": 9.595593, "fair_value": 11.521673, "relative_strength": -0.578626, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.289984, "energy": 74.896853, "activity_lines": [ 10.263841, 10.035554, 9.737404, 9.681512 ] }, { "date": "2024-03-08", "close": 11.073023, "volume": 17850609, "typical_volume": 23476905.85, "trend": 9.663875, "fair_value": 11.488721, "relative_strength": 3.670762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.280702, "energy": 86.900804, "activity_lines": [ 10.573002, 10.257388, 9.881501, 9.77683 ] }, { "date": "2024-03-15", "close": 10.818929, "volume": 29456381, "typical_volume": 23000002.2, "trend": 9.726474, "fair_value": 11.454217, "relative_strength": 1.315114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.625134, "energy": 83.060922, "activity_lines": [ 10.722278, 10.402622, 9.997376, 9.85135 ] }, { "date": "2024-03-22", "close": 11.011551, "volume": 17408770, "typical_volume": 22352261.65, "trend": 9.791441, "fair_value": 11.41704, "relative_strength": 0.83077, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.067968, "energy": 85.211066, "activity_lines": [ 10.870153, 10.557672, 10.121928, 9.934258 ] }, { "date": "2024-03-29", "close": 11.220225, "volume": 13414707, "typical_volume": 21898609.8, "trend": 9.849185, "fair_value": 11.382136, "relative_strength": 2.293997, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.567002, "energy": 86.266635, "activity_lines": [ 11.025961, 10.725253, 10.257171, 10.026438 ] }, { "date": "2024-04-05", "close": 10.834981, "volume": 14106233, "typical_volume": 21730914.65, "trend": 9.886744, "fair_value": 11.344591, "relative_strength": -0.383117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.329506, "energy": 63.591965, "activity_lines": [ 10.986756, 10.791864, 10.345583, 10.090038 ] }, { "date": "2024-04-12", "close": 10.586178, "volume": 17058118, "typical_volume": 21953607.6, "trend": 9.913899, "fair_value": 11.302479, "relative_strength": -1.263613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.430384, "energy": 50.018848, "activity_lines": [ 10.851568, 10.795052, 10.402988, 10.135162 ] }, { "date": "2024-04-19", "close": 10.449737, "volume": 16448997, "typical_volume": 21496690.35, "trend": 9.925674, "fair_value": 11.257623, "relative_strength": 0.441634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.270706, "energy": 35.066767, "activity_lines": [ 10.703356, 10.761779, 10.44142, 10.169733 ] }, { "date": "2024-04-26", "close": 10.810903, "volume": 24579638, "typical_volume": 21520638.65, "trend": 9.946136, "fair_value": 11.217503, "relative_strength": 1.103571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.625704, "energy": 27.096507, "activity_lines": [ 10.700146, 10.782993, 10.507445, 10.226844 ] }, { "date": "2024-05-03", "close": 10.730644, "volume": 18761827, "typical_volume": 20926615.1, "trend": 9.963665, "fair_value": 11.17963, "relative_strength": -0.126984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.149317, "energy": 23.079941, "activity_lines": [ 10.683559, 10.776455, 10.558335, 10.277458 ] }, { "date": "2024-05-10", "close": 10.674463, "volume": 11982512, "typical_volume": 20348257.35, "trend": 9.980353, "fair_value": 11.142459, "relative_strength": -2.372523, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.809319, "energy": 23.503972, "activity_lines": [ 10.680883, 10.75044, 10.596838, 10.323315 ] }, { "date": "2024-05-17", "close": 10.546048, "volume": 10842476, "typical_volume": 20177846.4, "trend": 9.990954, "fair_value": 11.105696, "relative_strength": -4.92973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.773151, "energy": 23.175483, "activity_lines": [ 10.646104, 10.700437, 10.616748, 10.359812 ] }, { "date": "2024-05-24", "close": 10.313297, "volume": 10841524, "typical_volume": 19669063.5, "trend": 10.041766, "fair_value": 11.067866, "relative_strength": -6.890988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.060234, "energy": 14.913733, "activity_lines": [ 10.536417, 10.617698, 10.609037, 10.380608 ] }, { "date": "2024-05-31", "close": 10.273167, "volume": 13293019, "typical_volume": 19139328.6, "trend": 10.08144, "fair_value": 11.0274, "relative_strength": -6.77191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.397738, "energy": 12.284311, "activity_lines": [ 10.422449, 10.536855, 10.593312, 10.395537 ] }, { "date": "2024-06-07", "close": 10.3454, "volume": 15686073, "typical_volume": 19136732.2, "trend": 10.123263, "fair_value": 10.987737, "relative_strength": -7.167359, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.280515, "energy": 15.316104, "activity_lines": [ 10.368408, 10.48257, 10.581326, 10.412567 ] }, { "date": "2024-06-14", "close": 9.867859, "volume": 15965918, "typical_volume": 19097205.05, "trend": 10.142206, "fair_value": 10.951286, "relative_strength": -12.722309, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -18.129643, "energy": 32.333796, "activity_lines": [ 10.180869, 10.357366, 10.519927, 10.396089 ] }, { "date": "2024-06-21", "close": 10.096963, "volume": 22896257, "typical_volume": 18580253.5, "trend": 10.167754, "fair_value": 10.915145, "relative_strength": -11.132304, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.648643, "energy": 42.844484, "activity_lines": [ 10.123472, 10.291401, 10.480189, 10.39317 ] }, { "date": "2024-06-28", "close": 9.998776, "volume": 19137187, "typical_volume": 17923607.1, "trend": 10.200344, "fair_value": 10.879489, "relative_strength": -11.786056, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.269888, "energy": 44.057776, "activity_lines": [ 10.063285, 10.216479, 10.430378, 10.382269 ] }, { "date": "2024-07-05", "close": 9.916952, "volume": 11918370, "typical_volume": 16947037.8, "trend": 10.222986, "fair_value": 10.843095, "relative_strength": -13.961761, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.127784, "energy": 47.100312, "activity_lines": [ 9.996791, 10.134879, 10.371994, 10.363985 ] }, { "date": "2024-07-12", "close": 10.276974, "volume": 18068033, "typical_volume": 16904976.4, "trend": 10.257113, "fair_value": 10.808194, "relative_strength": -11.495392, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.186468, "energy": 25.488319, "activity_lines": [ 10.074053, 10.134991, 10.348707, 10.367468 ] }, { "date": "2024-07-19", "close": 10.195151, "volume": 18188378, "typical_volume": 16895251.35, "trend": 10.285687, "fair_value": 10.773969, "relative_strength": -10.258054, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.301358, "energy": 16.79337, "activity_lines": [ 10.128601, 10.128475, 10.317363, 10.363471 ] }, { "date": "2024-07-26", "close": 10.456985, "volume": 15686980, "typical_volume": 16787069.9, "trend": 10.320886, "fair_value": 10.741466, "relative_strength": -7.095616, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -3.085649, "energy": 5.876399, "activity_lines": [ 10.248609, 10.17828, 10.31307, 10.374522 ] }, { "date": "2024-08-02", "close": 9.426014, "volume": 36840702, "typical_volume": 17156285.95, "trend": 10.320667, "fair_value": 10.70454, "relative_strength": -14.210517, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -72.091084, "energy": 35.983484, "activity_lines": [ 10.000958, 10.042255, 10.213523, 10.316789 ] }, { "date": "2024-08-09", "close": 9.556931, "volume": 21273566, "typical_volume": 17349525.75, "trend": 10.318766, "fair_value": 10.669355, "relative_strength": -12.821921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.923178, "energy": 51.253602, "activity_lines": [ 9.835129, 9.946165, 10.133077, 10.267515 ] }, { "date": "2024-08-16", "close": 9.646936, "volume": 20907652, "typical_volume": 17724173.0, "trend": 10.323019, "fair_value": 10.63852, "relative_strength": -15.118251, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.915989, "energy": 60.868431, "activity_lines": [ 9.723304, 9.879463, 10.06813, 10.224171 ] }, { "date": "2024-08-23", "close": 9.655119, "volume": 18136938, "typical_volume": 17925708.25, "trend": 10.31703, "fair_value": 10.607566, "relative_strength": -15.935409, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.561486, "energy": 67.020438, "activity_lines": [ 9.65621, 9.826947, 10.011454, 10.181081 ] }, { "date": "2024-08-30", "close": 9.982411, "volume": 14070178, "typical_volume": 17776311.25, "trend": 10.31827, "fair_value": 10.578411, "relative_strength": -13.028835, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.374935, "energy": 49.305014, "activity_lines": [ 9.734214, 9.837807, 9.991567, 10.159493 ] }, { "date": "2024-09-06", "close": 9.941499, "volume": 12337077, "typical_volume": 17570715.25, "trend": 10.321827, "fair_value": 10.551694, "relative_strength": -9.330523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.998041, "energy": 30.470228, "activity_lines": [ 9.83022, 9.843312, 9.970658, 10.135185 ] }, { "date": "2024-09-13", "close": 9.704213, "volume": 17596965, "typical_volume": 17221581.6, "trend": 10.309061, "fair_value": 10.523718, "relative_strength": -14.498704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.934661, "energy": 26.108717, "activity_lines": [ 9.812765, 9.806715, 9.929571, 10.095339 ] }, { "date": "2024-09-20", "close": 9.797982, "volume": 23923431, "typical_volume": 17479661.8, "trend": 10.294952, "fair_value": 10.498814, "relative_strength": -14.350767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.386591, "energy": 20.41606, "activity_lines": [ 9.816747, 9.791034, 9.902685, 10.062366 ] }, { "date": "2024-09-27", "close": 10.148506, "volume": 17058809, "typical_volume": 17733476.65, "trend": 10.278594, "fair_value": 10.474814, "relative_strength": -11.242296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.84349, "energy": 13.705149, "activity_lines": [ 9.9275, 9.847795, 9.913623, 10.052918 ] }, { "date": "2024-10-04", "close": 9.848057, "volume": 18728380, "typical_volume": 18127771.85, "trend": 10.237762, "fair_value": 10.44789, "relative_strength": -13.524115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.441891, "energy": 16.263092, "activity_lines": [ 9.905212, 9.850776, 9.898451, 10.025141 ] }, { "date": "2024-10-11", "close": 9.889786, "volume": 19627060, "typical_volume": 18567048.65, "trend": 10.20679, "fair_value": 10.419109, "relative_strength": -13.575156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.368287, "energy": 13.578483, "activity_lines": [ 9.90579, 9.872416, 9.890578, 10.002691 ] }, { "date": "2024-10-18", "close": 9.956552, "volume": 26862836, "typical_volume": 19245539.5, "trend": 10.171624, "fair_value": 10.398083, "relative_strength": -13.095662, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.206585, "energy": 10.903779, "activity_lines": [ 9.932071, 9.897763, 9.891079, 9.986547 ] }, { "date": "2024-10-25", "close": 9.322271, "volume": 29694582, "typical_volume": 19945964.95, "trend": 10.108359, "fair_value": 10.378845, "relative_strength": -17.398776, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.096381, "energy": 32.819945, "activity_lines": [ 9.730103, 9.80052, 9.832681, 9.93175 ] }, { "date": "2024-11-01", "close": 8.963401, "volume": 21555107, "typical_volume": 20225424.4, "trend": 10.045972, "fair_value": 10.357783, "relative_strength": -19.027969, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.799502, "energy": 69.678262, "activity_lines": [ 9.440225, 9.643931, 9.744977, 9.857882 ] }, { "date": "2024-11-08", "close": 8.930018, "volume": 23991798, "typical_volume": 20280201.45, "trend": 9.990767, "fair_value": 10.335813, "relative_strength": -22.531086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.19472, "energy": 79.718424, "activity_lines": [ 9.218226, 9.493849, 9.6584, 9.785885 ] }, { "date": "2024-11-15", "close": 9.046859, "volume": 25163372, "typical_volume": 20581510.7, "trend": 9.944005, "fair_value": 10.321616, "relative_strength": -19.411222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.125633, "energy": 79.283446, "activity_lines": [ 9.096378, 9.384146, 9.588508, 9.724987 ] }, { "date": "2024-11-22", "close": 9.230467, "volume": 20562734, "typical_volume": 21013728.9, "trend": 9.891323, "fair_value": 10.309681, "relative_strength": -18.693225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.173105, "energy": 74.711299, "activity_lines": [ 9.091927, 9.324092, 9.540635, 9.678953 ] }, { "date": "2024-11-29", "close": 9.188738, "volume": 12737015, "typical_volume": 20747178.0, "trend": 9.839926, "fair_value": 10.293835, "relative_strength": -19.628151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.256731, "energy": 58.919378, "activity_lines": [ 9.121971, 9.265064, 9.492057, 9.633625 ] }, { "date": "2024-12-06", "close": 9.013476, "volume": 18447059, "typical_volume": 20760112.05, "trend": 9.78456, "fair_value": 10.272661, "relative_strength": -21.404003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.421057, "energy": 46.478196, "activity_lines": [ 9.102498, 9.185248, 9.431969, 9.580305 ] }, { "date": "2024-12-13", "close": 8.980093, "volume": 23122022, "typical_volume": 21131864.15, "trend": 9.732362, "fair_value": 10.253913, "relative_strength": -20.821836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.959531, "energy": 44.708709, "activity_lines": [ 9.068558, 9.119999, 9.37433, 9.528404 ] }, { "date": "2024-12-20", "close": 8.938364, "volume": 43319072, "typical_volume": 21455782.65, "trend": 9.686531, "fair_value": 10.233054, "relative_strength": -19.316245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.009838, "energy": 44.095041, "activity_lines": [ 9.017371, 9.062944, 9.319748, 9.477178 ] }, { "date": "2024-12-27", "close": 9.112436, "volume": 14322707, "typical_volume": 21108239.7, "trend": 9.64784, "fair_value": 10.213135, "relative_strength": -17.88103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.577388, "energy": 40.792384, "activity_lines": [ 9.03144, 9.054837, 9.284068, 9.44014 ] }, { "date": "2025-01-03", "close": 8.950323, "volume": 16406836, "typical_volume": 20883198.9, "trend": 9.601337, "fair_value": 10.18704, "relative_strength": -18.479745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.581574, "energy": 41.747211, "activity_lines": [ 8.999341, 9.032603, 9.235064, 9.395139 ] }, { "date": "2025-01-10", "close": 8.762614, "volume": 17634277, "typical_volume": 20858065.85, "trend": 9.564496, "fair_value": 10.162419, "relative_strength": -18.16137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.816389, "energy": 45.797259, "activity_lines": [ 8.920566, 8.983002, 9.171501, 9.341028 ] }, { "date": "2025-01-17", "close": 8.899129, "volume": 16923828, "typical_volume": 21000748.35, "trend": 9.524568, "fair_value": 10.139816, "relative_strength": -18.83233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.158933, "energy": 39.733272, "activity_lines": [ 8.90402, 8.961873, 9.125189, 9.298101 ] }, { "date": "2025-01-24", "close": 8.754081, "volume": 19152389, "typical_volume": 21341513.95, "trend": 9.483078, "fair_value": 10.113209, "relative_strength": -21.02001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.166224, "energy": 52.294723, "activity_lines": [ 8.844523, 8.914933, 9.070222, 9.248392 ] }, { "date": "2025-01-31", "close": 8.805275, "volume": 29285186, "typical_volume": 21925925.0, "trend": 9.446022, "fair_value": 10.090004, "relative_strength": -19.257052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.992993, "energy": 51.329253, "activity_lines": [ 8.814376, 8.882625, 9.025784, 9.204663 ] }, { "date": "2025-02-07", "close": 9.05271, "volume": 51785255, "typical_volume": 23319016.2, "trend": 9.405213, "fair_value": 10.062721, "relative_strength": -16.416762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.567952, "energy": 33.703817, "activity_lines": [ 8.887184, 8.903035, 9.009193, 9.179288 ] }, { "date": "2025-02-14", "close": 8.967387, "volume": 29586394, "typical_volume": 23945395.45, "trend": 9.364288, "fair_value": 10.033573, "relative_strength": -17.914163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.451523, "energy": 25.579696, "activity_lines": [ 8.924726, 8.910405, 8.988024, 9.151041 ] }, { "date": "2025-02-21", "close": 9.095371, "volume": 20885451, "typical_volume": 24053249.0, "trend": 9.318901, "fair_value": 10.00832, "relative_strength": -14.911084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.285259, "energy": 17.050063, "activity_lines": [ 8.991278, 8.941883, 8.984669, 9.133692 ] }, { "date": "2025-02-28", "close": 9.240419, "volume": 26590017, "typical_volume": 24401396.85, "trend": 9.312714, "fair_value": 9.989573, "relative_strength": -12.198725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.340039, "energy": 14.981598, "activity_lines": [ 9.093096, 8.997638, 8.998712, 9.128628 ] }, { "date": "2025-03-07", "close": 9.914466, "volume": 27306419, "typical_volume": 24423576.0, "trend": 9.324632, "fair_value": 9.977561, "relative_strength": -2.308503, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.608908, "energy": 30.205245, "activity_lines": [ 9.387174, 9.170455, 9.080042, 9.167451 ] }, { "date": "2025-03-14", "close": 9.112436, "volume": 36396015, "typical_volume": 24758647.65, "trend": 9.306815, "fair_value": 9.955901, "relative_strength": -7.591834, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 12.327736, "energy": 19.00207, "activity_lines": [ 9.339962, 9.182865, 9.085189, 9.153761 ] }, { "date": "2025-03-21", "close": 9.278626, "volume": 30993604, "typical_volume": 25230572.5, "trend": 9.294266, "fair_value": 9.931615, "relative_strength": -5.874033, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.99203, "energy": 19.347123, "activity_lines": [ 9.344165, 9.222545, 9.107162, 9.151942 ] }, { "date": "2025-03-28", "close": 9.139098, "volume": 24023241, "typical_volume": 25232144.65, "trend": 9.266155, "fair_value": 9.905589, "relative_strength": -5.351898, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.824365, "energy": 15.454508, "activity_lines": [ 9.28111, 9.227473, 9.114346, 9.141931 ] }, { "date": "2025-04-04", "close": 8.83388, "volume": 34432371, "typical_volume": 25695594.6, "trend": 9.229234, "fair_value": 9.878229, "relative_strength": 1.020664, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.576637, "energy": 18.904138, "activity_lines": [ 9.113401, 9.172545, 9.091467, 9.114043 ] }, { "date": "2025-04-11", "close": 8.476339, "volume": 53786181, "typical_volume": 27356766.95, "trend": 9.188305, "fair_value": 9.848265, "relative_strength": -7.747099, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.911836, "energy": 29.832725, "activity_lines": [ 8.853613, 9.051158, 9.035549, 9.065469 ] }, { "date": "2025-04-18", "close": 8.554823, "volume": 21890688, "typical_volume": 27814450.6, "trend": 9.146867, "fair_value": 9.818494, "relative_strength": -5.017559, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.084362, "energy": 41.01506, "activity_lines": [ 8.715862, 8.950022, 8.990698, 9.024599 ] }, { "date": "2025-04-25", "close": 8.8426, "volume": 47082562, "typical_volume": 29246225.75, "trend": 9.103337, "fair_value": 9.800621, "relative_strength": -5.560713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.237672, "energy": 41.161616, "activity_lines": [ 8.711211, 8.910261, 8.976272, 9.004969 ] }, { "date": "2025-05-02", "close": 8.476339, "volume": 41161924, "typical_volume": 30148220.85, "trend": 9.057613, "fair_value": 9.77951, "relative_strength": -11.416264, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.757194, "energy": 51.894384, "activity_lines": [ 8.613541, 8.806176, 8.927779, 8.964517 ] }, { "date": "2025-05-09", "close": 8.511221, "volume": 30790844, "typical_volume": 29521809.45, "trend": 9.01166, "fair_value": 9.758445, "relative_strength": -10.089296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.759056, "energy": 46.64552, "activity_lines": [ 8.571683, 8.719688, 8.885006, 8.929266 ] }, { "date": "2025-05-16", "close": 8.66819, "volume": 32952006, "typical_volume": 30453274.4, "trend": 8.968715, "fair_value": 9.738074, "relative_strength": -12.472363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.94347, "energy": 30.580101, "activity_lines": [ 8.603658, 8.674999, 8.859216, 8.907107 ] }, { "date": "2025-05-23", "close": 8.197282, "volume": 29193338, "typical_volume": 31092599.5, "trend": 8.931215, "fair_value": 9.710593, "relative_strength": -14.521009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.714383, "energy": 45.810297, "activity_lines": [ 8.465874, 8.567349, 8.790694, 8.857337 ] }, { "date": "2025-05-30", "close": 8.092636, "volume": 27562219, "typical_volume": 31588996.6, "trend": 8.90219, "fair_value": 9.684175, "relative_strength": -16.502619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.264514, "energy": 52.368425, "activity_lines": [ 8.317044, 8.457312, 8.715791, 8.803235 ] }, { "date": "2025-06-06", "close": 8.249605, "volume": 26196091, "typical_volume": 32052609.75, "trend": 8.879509, "fair_value": 9.660855, "relative_strength": -15.691428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.49867, "energy": 51.681528, "activity_lines": [ 8.270534, 8.397378, 8.659029, 8.761133 ] }, { "date": "2025-06-13", "close": 7.525803, "volume": 45640542, "typical_volume": 33377017.4, "trend": 8.828808, "fair_value": 9.638011, "relative_strength": -22.281544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.053096, "energy": 77.264662, "activity_lines": [ 7.997873, 8.222017, 8.536425, 8.673797 ] }, { "date": "2025-06-20", "close": 7.5959, "volume": 45454744, "typical_volume": 34185495.3, "trend": 8.774322, "fair_value": 9.611374, "relative_strength": -20.870986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.448314, "energy": 78.147819, "activity_lines": [ 7.814272, 8.083183, 8.426347, 8.594255 ] }, { "date": "2025-06-27", "close": 7.497368, "volume": 41248632, "typical_volume": 33658664.15, "trend": 8.717943, "fair_value": 9.583563, "relative_strength": -23.93743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.34055, "energy": 79.525335, "activity_lines": [ 7.669313, 7.942443, 8.312643, 8.511871 ] }, { "date": "2025-07-04", "close": 7.721304, "volume": 31593142, "typical_volume": 33759001.55, "trend": 8.674871, "fair_value": 9.558362, "relative_strength": -22.436588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.279914, "energy": 76.102844, "activity_lines": [ 7.64566, 7.861645, 8.227673, 8.447571 ] }, { "date": "2025-07-11", "close": 7.479453, "volume": 37670857, "typical_volume": 34598271.85, "trend": 8.624849, "fair_value": 9.532603, "relative_strength": -24.054573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.078554, "energy": 76.557241, "activity_lines": [ 7.566146, 7.757261, 8.125603, 8.370448 ] }, { "date": "2025-07-18", "close": 7.183858, "volume": 39871439, "typical_volume": 35262342.95, "trend": 8.566366, "fair_value": 9.503144, "relative_strength": -26.861266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.1583, "energy": 75.743685, "activity_lines": [ 7.439443, 7.617257, 8.003076, 8.27748 ] }, { "date": "2025-07-25", "close": 7.685474, "volume": 59883393, "typical_volume": 36891191.65, "trend": 8.5188, "fair_value": 9.475591, "relative_strength": -22.217979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.921758, "energy": 52.021327, "activity_lines": [ 7.502742, 7.592591, 7.938116, 8.220649 ] }, { "date": "2025-08-01", "close": 7.094284, "volume": 67237985, "typical_volume": 38433290.15, "trend": 8.456932, "fair_value": 9.447183, "relative_strength": -25.827505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.308326, "energy": 62.697826, "activity_lines": [ 7.363007, 7.478303, 7.827465, 8.128744 ] }, { "date": "2025-08-08", "close": 7.201773, "volume": 39303600, "typical_volume": 38848789.95, "trend": 8.404904, "fair_value": 9.418019, "relative_strength": -25.895977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.359504, "energy": 56.576301, "activity_lines": [ 7.285973, 7.403613, 7.736662, 8.047766 ] }, { "date": "2025-08-15", "close": 7.488411, "volume": 45094934, "typical_volume": 39902374.6, "trend": 8.35788, "fair_value": 9.391866, "relative_strength": -23.116361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.474718, "energy": 48.420737, "activity_lines": [ 7.33912, 7.397236, 7.683048, 7.988638 ] }, { "date": "2025-08-22", "close": 7.775048, "volume": 52032479, "typical_volume": 40782380.0, "trend": 8.325246, "fair_value": 9.372967, "relative_strength": -19.861028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.318848, "energy": 38.331801, "activity_lines": [ 7.487216, 7.456815, 7.664593, 7.951036 ] }, { "date": "2025-08-29", "close": 7.766091, "volume": 44634180, "typical_volume": 40324779.95, "trend": 8.290607, "fair_value": 9.357034, "relative_strength": -19.313212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.268187, "energy": 24.451926, "activity_lines": [ 7.592914, 7.510234, 7.650327, 7.914961 ] }, { "date": "2025-09-05", "close": 7.918367, "volume": 30372826, "typical_volume": 40748886.85, "trend": 8.252795, "fair_value": 9.340498, "relative_strength": -17.328382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.783961, "energy": 23.121517, "activity_lines": [ 7.743996, 7.588245, 7.653945, 7.890946 ] }, { "date": "2025-09-12", "close": 7.52424, "volume": 39554829, "typical_volume": 40372500.2, "trend": 8.20469, "fair_value": 9.32379, "relative_strength": -22.04704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.798022, "energy": 23.851416, "activity_lines": [ 7.708763, 7.586942, 7.623058, 7.843942 ] }, { "date": "2025-09-19", "close": 7.500306, "volume": 58261865, "typical_volume": 41227497.25, "trend": 8.151521, "fair_value": 9.307525, "relative_strength": -22.621566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.283806, "energy": 18.461888, "activity_lines": [ 7.644055, 7.584871, 7.59617, 7.798498 ] }, { "date": "2025-09-26", "close": 7.325238, "volume": 42352473, "typical_volume": 41805578.7, "trend": 8.087682, "fair_value": 9.292524, "relative_strength": -23.517586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.908884, "energy": 29.992442, "activity_lines": [ 7.520197, 7.550589, 7.557257, 7.745189 ] }, { "date": "2025-10-03", "close": 7.380523, "volume": 89147073, "typical_volume": 44615332.05, "trend": 8.003217, "fair_value": 9.278015, "relative_strength": -23.141047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.929241, "energy": 36.465183, "activity_lines": [ 7.444755, 7.523789, 7.529256, 7.699566 ] }, { "date": "2025-10-10", "close": 7.30681, "volume": 48232870, "typical_volume": 45567308.65, "trend": 7.94303, "fair_value": 9.260601, "relative_strength": -21.381458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.575043, "energy": 41.913566, "activity_lines": [ 7.370447, 7.489131, 7.500366, 7.654637 ] }, { "date": "2025-10-17", "close": 7.638518, "volume": 39388177, "typical_volume": 46158606.55, "trend": 7.888359, "fair_value": 9.247012, "relative_strength": -18.587393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.682634, "energy": 27.788611, "activity_lines": [ 7.447479, 7.51092, 7.507309, 7.634991 ] }, { "date": "2025-10-24", "close": 8.26508, "volume": 66667411, "typical_volume": 48182172.55, "trend": 7.859225, "fair_value": 9.236154, "relative_strength": -13.098024, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.080672, "energy": 9.565637, "activity_lines": [ 7.725746, 7.638688, 7.576086, 7.659295 ] }, { "date": "2025-10-31", "close": 8.596789, "volume": 81922463, "typical_volume": 49996268.6, "trend": 7.851322, "fair_value": 9.232471, "relative_strength": -9.842496, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.291856, "energy": 45.78182, "activity_lines": [ 8.063597, 7.812646, 7.676381, 7.70688 ] }, { "date": "2025-11-07", "close": 8.384863, "volume": 52493362, "typical_volume": 50348199.5, "trend": 7.848273, "fair_value": 9.222656, "relative_strength": -10.289225, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.83159, "energy": 53.749054, "activity_lines": [ 8.246037, 7.933131, 7.751392, 7.741302 ] }, { "date": "2025-11-14", "close": 8.136082, "volume": 39641659, "typical_volume": 50267850.85, "trend": 7.834315, "fair_value": 9.211063, "relative_strength": -12.65045, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.02951, "energy": 58.35745, "activity_lines": [ 8.278594, 7.997132, 7.798954, 7.75987 ] }, { "date": "2025-11-21", "close": 7.758302, "volume": 41995136, "typical_volume": 50787950.55, "trend": 7.798172, "fair_value": 9.195212, "relative_strength": -14.612096, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.78746, "energy": 45.114006, "activity_lines": [ 8.129939, 7.988488, 7.807494, 7.754966 ] }, { "date": "2025-11-28", "close": 8.099225, "volume": 29747134, "typical_volume": 50391764.4, "trend": 7.785601, "fair_value": 9.180859, "relative_strength": -13.605605, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.916413, "energy": 21.211538, "activity_lines": [ 8.08694, 8.037574, 7.848327, 7.774389 ] }, { "date": "2025-12-05", "close": 8.329579, "volume": 34505917, "typical_volume": 50123488.3, "trend": 7.779547, "fair_value": 9.170093, "relative_strength": -11.089825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.974376, "energy": 30.45163, "activity_lines": [ 8.131782, 8.117654, 7.908148, 7.809484 ] }, { "date": "2025-12-12", "close": 9.039067, "volume": 49196809, "typical_volume": 49589159.1, "trend": 7.791909, "fair_value": 9.166009, "relative_strength": -2.716263, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.420405, "energy": 45.767487, "activity_lines": [ 8.430934, 8.30847, 8.030083, 7.890744 ] }, { "date": "2025-12-19", "close": 8.808714, "volume": 51609337, "typical_volume": 48807726.7, "trend": 7.81229, "fair_value": 9.15788, "relative_strength": -4.995089, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.815501, "energy": 65.181236, "activity_lines": [ 8.609688, 8.427249, 8.123634, 7.956344 ] }, { "date": "2025-12-26", "close": 8.879678, "volume": 18238768, "typical_volume": 47754485.1, "trend": 7.838525, "fair_value": 9.150486, "relative_strength": -5.226272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.544648, "energy": 73.372627, "activity_lines": [ 8.767255, 8.531622, 8.215779, 8.025208 ] }, { "date": "2026-01-02", "close": 8.719088, "volume": 20145398, "typical_volume": 46507008.3, "trend": 7.854175, "fair_value": 9.140615, "relative_strength": -5.628791, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.48138, "energy": 71.038452, "activity_lines": [ 8.796534, 8.584231, 8.28464, 8.082018 ] }, { "date": "2026-01-09", "close": 9.153626, "volume": 38101681, "typical_volume": 45810468.4, "trend": 7.908435, "fair_value": 9.132548, "relative_strength": -2.191679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.91347, "energy": 68.010484, "activity_lines": [ 8.929334, 8.707593, 8.389026, 8.165854 ] }, { "date": "2026-01-16", "close": 8.756874, "volume": 38729440, "typical_volume": 45515231.4, "trend": 7.947134, "fair_value": 9.122405, "relative_strength": -5.781767, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.923156, "energy": 44.26132, "activity_lines": [ 8.874947, 8.748693, 8.44906, 8.220592 ] }, { "date": "2026-01-23", "close": 8.964697, "volume": 28493528, "typical_volume": 45421266.5, "trend": 7.996045, "fair_value": 9.113641, "relative_strength": -2.988992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.323385, "energy": 44.607161, "activity_lines": [ 8.908648, 8.820816, 8.52417, 8.286241 ] }, { "date": "2026-01-30", "close": 8.851339, "volume": 37673915, "typical_volume": 45327220.8, "trend": 8.033713, "fair_value": 9.103684, "relative_strength": -4.319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.332545, "energy": 42.881252, "activity_lines": [ 8.894163, 8.857262, 8.583501, 8.341421 ] }, { "date": "2026-02-06", "close": 9.710967, "volume": 53563719, "typical_volume": 45092313.5, "trend": 8.108097, "fair_value": 9.100311, "relative_strength": 5.357982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.388504, "energy": 58.727537, "activity_lines": [ 9.16811, 9.030131, 8.718381, 8.449631 ] }, { "date": "2026-02-13", "close": 9.068608, "volume": 42598798, "typical_volume": 45104629.75, "trend": 8.170922, "fair_value": 9.093848, "relative_strength": -0.103956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.404808, "energy": 49.327483, "activity_lines": [ 9.161813, 9.056902, 8.781558, 8.5116 ] }, { "date": "2026-02-20", "close": 8.756874, "volume": 55980552, "typical_volume": 43446303.7, "trend": 8.206635, "fair_value": 9.088842, "relative_strength": -4.24787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.760517, "energy": 38.374967, "activity_lines": [ 9.057272, 9.013558, 8.806744, 8.549403 ] }, { "date": "2026-02-27", "close": 9.096947, "volume": 56386896, "typical_volume": 43854005.0, "trend": 8.273391, "fair_value": 9.087232, "relative_strength": 0.32911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.414355, "energy": 37.713568, "activity_lines": [ 9.066089, 9.037177, 8.857764, 8.606843 ] }, { "date": "2026-03-06", "close": 9.200858, "volume": 31168760, "typical_volume": 43443034.15, "trend": 8.340027, "fair_value": 9.09432, "relative_strength": 4.094444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.237509, "energy": 31.388481, "activity_lines": [ 9.100726, 9.074447, 8.910155, 8.666679 ] }, { "date": "2026-03-13", "close": 9.002482, "volume": 43568550, "typical_volume": 42288091.1, "trend": 8.390496, "fair_value": 9.100671, "relative_strength": 3.825183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.014227, "energy": 23.622, "activity_lines": [ 9.045936, 9.06981, 8.936214, 8.709418 ] }, { "date": "2026-03-20", "close": 8.737185, "volume": 52323351, "typical_volume": 40808135.5, "trend": 8.422567, "fair_value": 9.104843, "relative_strength": 3.091431, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.783939, "energy": 19.897496, "activity_lines": [ 8.949946, 9.011784, 8.933495, 8.731785 ] }, { "date": "2026-03-27", "close": 8.456278, "volume": 37444029, "typical_volume": 40055668.85, "trend": 8.445573, "fair_value": 9.10583, "relative_strength": 2.553484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.584425, "energy": 11.611961, "activity_lines": [ 8.782416, 8.910256, 8.903355, 8.73396 ] }, { "date": "2026-04-03", "close": 8.436905, "volume": 29230260, "typical_volume": 39535098.9, "trend": 8.462858, "fair_value": 9.107266, "relative_strength": -0.363109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.747504, "energy": 13.53673, "activity_lines": [ 8.628468, 8.810671, 8.871029, 8.733401 ] }, { "date": "2026-04-10", "close": 8.601574, "volume": 30756884, "typical_volume": 38973186.3, "trend": 8.498769, "fair_value": 9.109471, "relative_strength": -1.452464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.553491, "energy": 17.299601, "activity_lines": [ 8.573412, 8.750621, 8.852954, 8.74235 ] }, { "date": "2026-04-17", "close": 9.182762, "volume": 32884794, "typical_volume": 39130069.3, "trend": 8.554851, "fair_value": 9.1165, "relative_strength": 1.192192, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.018396, "energy": 15.566467, "activity_lines": [ 8.752037, 8.800784, 8.886214, 8.786479 ] }, { "date": "2026-04-24", "close": 8.620947, "volume": 83621089, "typical_volume": 41585827.9, "trend": 8.598041, "fair_value": 9.119593, "relative_strength": -4.908109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.184576, "energy": 6.688925, "activity_lines": [ 8.731373, 8.758402, 8.860809, 8.790743 ] }, { "date": "2026-05-01", "close": 8.921227, "volume": 44380407, "typical_volume": 41345007.8, "trend": 8.649398, "fair_value": 9.118788, "relative_strength": -2.104773, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.894671, "energy": 13.299618, "activity_lines": [ 8.818551, 8.778756, 8.862614, 8.811594 ] }, { "date": "2026-05-08", "close": 8.785617, "volume": 32389096, "typical_volume": 40383995.75, "trend": 8.698692, "fair_value": 9.118927, "relative_strength": -5.329413, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.95318, "energy": 14.875333, "activity_lines": [ 8.829529, 8.771465, 8.852065, 8.820382 ] }, { "date": "2026-05-15", "close": 8.078506, "volume": 42449053, "typical_volume": 41594510.0, "trend": 8.713358, "fair_value": 9.112386, "relative_strength": -12.620492, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.058233, "energy": 21.772706, "activity_lines": [ 8.581556, 8.641269, 8.774282, 8.78037 ] }, { "date": "2026-05-22", "close": 8.107565, "volume": 33245002, "typical_volume": 42249490.2, "trend": 8.708108, "fair_value": 9.108465, "relative_strength": -12.604327, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.524967, "energy": 38.572477, "activity_lines": [ 8.37814, 8.536763, 8.703082, 8.741287 ] }, { "date": "2026-05-29", "close": 7.87509, "volume": 33029548, "typical_volume": 41995883.55, "trend": 8.684051, "fair_value": 9.102576, "relative_strength": -15.87449, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.71849, "energy": 55.494214, "activity_lines": [ 8.168913, 8.40626, 8.612653, 8.687544 ] }, { "date": "2026-06-05", "close": 7.24547, "volume": 46925483, "typical_volume": 42405685.7, "trend": 8.646071, "fair_value": 9.0927, "relative_strength": -20.104375, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.870606, "energy": 77.990589, "activity_lines": [ 7.799536, 8.176955, 8.468349, 8.594732 ] }, { "date": "2026-06-12", "close": 7.313276, "volume": 46476134, "typical_volume": 43304816.0, "trend": 8.618644, "fair_value": 9.083337, "relative_strength": -19.449067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.097063, "energy": 79.478406, "activity_lines": [ 7.564478, 7.981993, 8.337699, 8.508745 ] }, { "date": "2026-06-19", "close": 7.12, "volume": 39838096, "typical_volume": 43413025.05, "trend": 8.597367, "fair_value": 9.073709, "relative_strength": -21.885216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.26336, "energy": 82.731775, "activity_lines": [ 7.363151, 7.77232, 8.196507, 8.412058 ] }, { "date": "2026-06-26", "close": 7.54, "volume": 41164760, "typical_volume": 42793077.1, "trend": 8.578727, "fair_value": 9.064923, "relative_strength": -14.997384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.220982, "energy": 75.783942, "activity_lines": [ 7.365724, 7.665948, 8.103558, 8.343841 ] }, { "date": "2026-07-03", "close": 8.01, "volume": 28644496, "typical_volume": 42095362.0, "trend": 8.568074, "fair_value": 9.060076, "relative_strength": -11.371093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.189684, "energy": 46.766447, "activity_lines": [ 7.562801, 7.674899, 8.06571, 8.307149 ] }, { "date": "2026-07-10", "close": 7.84, "volume": 32002074, "typical_volume": 40896438.1, "trend": 8.528105, "fair_value": 9.05146, "relative_strength": -14.183868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.509952, "energy": 33.015545, "activity_lines": [ 7.694218, 7.664049, 8.016712, 8.260177 ] }, { "date": "2026-07-17", "close": 8.88, "volume": 47771624, "typical_volume": 40465674.5, "trend": 8.530481, "fair_value": 9.049024, "relative_strength": -1.333874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.258457, "energy": 16.18031, "activity_lines": [ 8.132667, 7.861948, 8.071128, 8.282879 ] }, { "date": "2026-07-24", "close": 8.22, "volume": 41697399, "typical_volume": 40992106.45, "trend": 8.508492, "fair_value": 9.043282, "relative_strength": -7.971527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.428422, "energy": 24.662034, "activity_lines": [ 8.246667, 7.938132, 8.063719, 8.262848 ] }, { "date": "2026-07-31", "close": 6.36, "volume": 98928939, "typical_volume": 43760125.9, "trend": 8.429856, "fair_value": 9.025909, "relative_strength": -29.227165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.866649, "energy": 33.526019, "activity_lines": [ 7.667333, 7.673561, 7.883839, 8.124236 ] }, { "date": "2026-08-07", "close": 7.08, "volume": 81119036, "typical_volume": 45199910.15, "trend": 8.360735, "fair_value": 9.013444, "relative_strength": -23.610246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.931071, "energy": 36.397191, "activity_lines": [ 7.406667, 7.571673, 7.785113, 8.037149 ] } ], "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." } } }