{ "ticker": { "uuid": "a20490ce-932a-4df0-993b-a68ee643699e", "symbol": "MHJ", "name": "Michael Hill International Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 67.804, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -32.655, "architecture_energy": 16.869, "architecture_maturity": 57.932, "architecture_confidence": 64.689, "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": 48.53, "rotation_up": 26.55, "upward_expansion": 18.18, "deceleration": 46.06, "rotation_down": 24.07, "downward_expansion": 54.52 }, "activity_lines": [ 0.343667, 0.339273, 0.34081, 0.354086 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 0.35, "trend_reference": 0.3705, "distance_from_trend": -0.055331, "trend_direction": "Weakening", "fair_value": 0.522196, "distance_from_fair_value": -0.329753, "fair_value_direction": "Improving", "relative_strength": -8.950956, "relative_strength_direction": "Weakening", "price_momentum": -0.113924, "excess_performance": -0.17763, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.055331, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.008917, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.329753, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.026083, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.08951, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.043403, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.113924, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.068565, "read": "Demand-led" } ], "volume": { "latest": 1346371, "relative_activity": 2.698083, "balance": 1.068565, "dry_up": 1.30696, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.072527, "annualized_volatility": 0.432825, "from_high_reference": -0.263158, "from_low_reference": 0.166667 }, "levels": { "trend_reference": 0.3705, "fair_value_reference": 0.522196, "structural_low": 0.3, "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": 31, "median_return": -0.006136, "positive_rate": 0.483871, "directional_follow_through": 0.516129, "median_excess_return": -0.010876, "regime_survival": 0.741935, "best_return": 0.22449, "worst_return": -0.241935, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.021787, "positive_rate": 0.636364, "directional_follow_through": 0.363636, "median_excess_return": 0.017954, "regime_survival": 0.272727, "best_return": 0.298507, "worst_return": -0.370907, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.096429, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.114304, "regime_survival": 0.428571, "best_return": 0.155364, "worst_return": -0.304686, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.186968, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.255258, "regime_survival": 0.5, "best_return": -0.029863, "worst_return": -0.443022, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": 0.040816, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": 0.017241, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": 0.034483, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-03", "tenure": "Developing", "return": 0.008696, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": -0.12931, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": -0.030928, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-21", "end": "2025-08-01", "tenure": "Established", "return": -0.115789, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.097561, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-12", "end": "2026-01-16", "tenure": "Established", "return": 0.111111, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": 0.189189, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": -0.166667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-15", "tenure": "Developing", "return": -0.108108, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": -0.060606, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.09375, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.862591, "volume": 517245, "typical_volume": 295850.25, "trend": 0.896505, "fair_value": 0.813311, "relative_strength": -9.417448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.809603, "energy": 27.461929, "activity_lines": [ 0.859153, 0.860631, 0.868998, 0.880976 ] }, { "date": "2023-08-25", "close": 0.871967, "volume": 299169, "typical_volume": 307375.55, "trend": 0.892803, "fair_value": 0.817166, "relative_strength": -7.970276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.033993, "energy": 19.738336, "activity_lines": [ 0.863841, 0.863017, 0.867792, 0.879393 ] }, { "date": "2023-09-01", "close": 0.890719, "volume": 284480, "typical_volume": 316316.85, "trend": 0.890927, "fair_value": 0.821039, "relative_strength": -7.759753, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.757922, "energy": 12.272876, "activity_lines": [ 0.873842, 0.868302, 0.868663, 0.879258 ] }, { "date": "2023-09-08", "close": 0.852482, "volume": 1427022, "typical_volume": 357650.75, "trend": 0.88913, "fair_value": 0.824462, "relative_strength": -9.83577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.688858, "energy": 16.408702, "activity_lines": [ 0.868597, 0.865952, 0.866093, 0.876778 ] }, { "date": "2023-09-15", "close": 0.862224, "volume": 1724013, "typical_volume": 414642.5, "trend": 0.888109, "fair_value": 0.828, "relative_strength": -9.925467, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.302623, "energy": 10.217181, "activity_lines": [ 0.866649, 0.865132, 0.864811, 0.875042 ] }, { "date": "2023-09-22", "close": 0.862224, "volume": 146266, "typical_volume": 406597.6, "trend": 0.885885, "fair_value": 0.83146, "relative_strength": -6.815566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.82502, "energy": 11.529199, "activity_lines": [ 0.864724, 0.864659, 0.863889, 0.873372 ] }, { "date": "2023-09-29", "close": 0.867096, "volume": 71574, "typical_volume": 391329.1, "trend": 0.884726, "fair_value": 0.834978, "relative_strength": -5.436163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.188315, "energy": 17.948819, "activity_lines": [ 0.864449, 0.86542, 0.863789, 0.87216 ] }, { "date": "2023-10-06", "close": 0.876838, "volume": 347217, "typical_volume": 396203.4, "trend": 0.884888, "fair_value": 0.838532, "relative_strength": -2.64471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.039526, "energy": 11.50608, "activity_lines": [ 0.867745, 0.867784, 0.864819, 0.871651 ] }, { "date": "2023-10-13", "close": 0.823254, "volume": 632664, "typical_volume": 414140.45, "trend": 0.880764, "fair_value": 0.841233, "relative_strength": -9.337028, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.175465, "energy": 31.158249, "activity_lines": [ 0.854105, 0.859977, 0.861035, 0.867675 ] }, { "date": "2023-10-20", "close": 0.828125, "volume": 161964, "typical_volume": 407713.9, "trend": 0.878365, "fair_value": 0.84394, "relative_strength": -6.329469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.47199, "energy": 40.140854, "activity_lines": [ 0.844038, 0.8536, 0.857991, 0.864279 ] }, { "date": "2023-10-27", "close": 0.80864, "volume": 218220, "typical_volume": 396076.25, "trend": 0.874535, "fair_value": 0.846496, "relative_strength": -6.971563, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.626997, "energy": 53.430461, "activity_lines": [ 0.829749, 0.844307, 0.853368, 0.85978 ] }, { "date": "2023-11-03", "close": 0.794026, "volume": 401662, "typical_volume": 406381.35, "trend": 0.869906, "fair_value": 0.848881, "relative_strength": -10.001246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.82276, "energy": 64.020565, "activity_lines": [ 0.814161, 0.833337, 0.847408, 0.854586 ] }, { "date": "2023-11-10", "close": 0.794026, "volume": 246911, "typical_volume": 408290.25, "trend": 0.865276, "fair_value": 0.851293, "relative_strength": -9.447091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.135311, "energy": 63.834601, "activity_lines": [ 0.803444, 0.823785, 0.841686, 0.849691 ] }, { "date": "2023-11-17", "close": 0.794026, "volume": 367891, "typical_volume": 401152.6, "trend": 0.860803, "fair_value": 0.853704, "relative_strength": -9.893597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.553889, "energy": 62.36072, "activity_lines": [ 0.798248, 0.815991, 0.836246, 0.845094 ] }, { "date": "2023-11-24", "close": 0.784283, "volume": 240511, "typical_volume": 402594.1, "trend": 0.855693, "fair_value": 0.855976, "relative_strength": -10.388057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.474841, "energy": 60.318529, "activity_lines": [ 0.791753, 0.807488, 0.830093, 0.840157 ] }, { "date": "2023-12-01", "close": 0.789154, "volume": 253557, "typical_volume": 410798.2, "trend": 0.850744, "fair_value": 0.858331, "relative_strength": -9.784671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.056969, "energy": 48.665904, "activity_lines": [ 0.789804, 0.801288, 0.824866, 0.835864 ] }, { "date": "2023-12-08", "close": 0.789154, "volume": 167302, "typical_volume": 395042.6, "trend": 0.846734, "fair_value": 0.860252, "relative_strength": -10.976994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.425445, "energy": 43.162863, "activity_lines": [ 0.789154, 0.796417, 0.820077, 0.831891 ] }, { "date": "2023-12-15", "close": 0.818382, "volume": 268523, "typical_volume": 403993.0, "trend": 0.84276, "fair_value": 0.862437, "relative_strength": -10.38578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.967861, "energy": 31.622418, "activity_lines": [ 0.798572, 0.798277, 0.8184, 0.830061 ] }, { "date": "2023-12-22", "close": 0.925551, "volume": 1161388, "typical_volume": 452116.85, "trend": 0.844234, "fair_value": 0.8649, "relative_strength": 0.809544, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.285607, "energy": 12.496887, "activity_lines": [ 0.842089, 0.820685, 0.827096, 0.835403 ] }, { "date": "2023-12-29", "close": 0.88171, "volume": 196592, "typical_volume": 456708.55, "trend": 0.84409, "fair_value": 0.867134, "relative_strength": -4.722933, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.618655, "energy": 27.239098, "activity_lines": [ 0.862224, 0.833262, 0.831271, 0.837821 ] }, { "date": "2024-01-05", "close": 0.876838, "volume": 120171, "typical_volume": 436854.85, "trend": 0.845971, "fair_value": 0.869234, "relative_strength": -3.70831, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.538133, "energy": 33.613296, "activity_lines": [ 0.87424, 0.843979, 0.834891, 0.839933 ] }, { "date": "2024-01-12", "close": 0.876838, "volume": 70765, "typical_volume": 425434.65, "trend": 0.847071, "fair_value": 0.871131, "relative_strength": -3.639193, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.54899, "energy": 44.033722, "activity_lines": [ 0.88041, 0.853456, 0.838444, 0.841925 ] }, { "date": "2024-01-19", "close": 0.867096, "volume": 195961, "typical_volume": 421008.7, "trend": 0.847534, "fair_value": 0.873194, "relative_strength": -3.433593, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.704208, "energy": 41.022469, "activity_lines": [ 0.877488, 0.859656, 0.841046, 0.843217 ] }, { "date": "2024-01-26", "close": 0.857353, "volume": 101408, "typical_volume": 354728.0, "trend": 0.84814, "fair_value": 0.875348, "relative_strength": -5.94992, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.710783, "energy": 18.67549, "activity_lines": [ 0.86807, 0.862756, 0.842832, 0.84385 ] }, { "date": "2024-02-02", "close": 0.80864, "volume": 198126, "typical_volume": 278433.65, "trend": 0.845717, "fair_value": 0.877215, "relative_strength": -12.67061, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.828559, "energy": 10.894798, "activity_lines": [ 0.846961, 0.855847, 0.839955, 0.841302 ] }, { "date": "2024-02-09", "close": 0.813511, "volume": 226779, "typical_volume": 282459.3, "trend": 0.843456, "fair_value": 0.879012, "relative_strength": -11.297009, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.121099, "energy": 18.743453, "activity_lines": [ 0.832347, 0.849382, 0.837798, 0.839224 ] }, { "date": "2024-02-16", "close": 0.779412, "volume": 495988, "typical_volume": 303680.0, "trend": 0.840839, "fair_value": 0.880564, "relative_strength": -14.895344, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.613244, "energy": 36.138682, "activity_lines": [ 0.810588, 0.836273, 0.832625, 0.835092 ] }, { "date": "2024-02-23", "close": 0.755055, "volume": 229342, "typical_volume": 297786.25, "trend": 0.837567, "fair_value": 0.881858, "relative_strength": -17.018078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.783432, "energy": 56.802172, "activity_lines": [ 0.787206, 0.818914, 0.82555, 0.829558 ] }, { "date": "2024-03-01", "close": 0.706342, "volume": 2702820, "typical_volume": 401294.05, "trend": 0.832672, "fair_value": 0.882917, "relative_strength": -22.988031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.240214, "energy": 75.035588, "activity_lines": [ 0.755055, 0.793849, 0.814416, 0.821092 ] }, { "date": "2024-03-08", "close": 0.685, "volume": 390479, "typical_volume": 412719.8, "trend": 0.826752, "fair_value": 0.883889, "relative_strength": -25.86163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.489883, "energy": 80.896335, "activity_lines": [ 0.725858, 0.768889, 0.801805, 0.811565 ] }, { "date": "2024-03-15", "close": 0.67, "volume": 364451, "typical_volume": 420031.35, "trend": 0.820332, "fair_value": 0.884791, "relative_strength": -25.227994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.010537, "energy": 82.935248, "activity_lines": [ 0.699903, 0.744778, 0.788448, 0.801451 ] }, { "date": "2024-03-22", "close": 0.71, "volume": 545858, "typical_volume": 427241.15, "trend": 0.814933, "fair_value": 0.886054, "relative_strength": -21.293845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.59968, "energy": 76.94994, "activity_lines": [ 0.696849, 0.731701, 0.77956, 0.794333 ] }, { "date": "2024-03-29", "close": 0.7, "volume": 208663, "typical_volume": 425328.75, "trend": 0.808576, "fair_value": 0.887226, "relative_strength": -23.133826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.316156, "energy": 68.485039, "activity_lines": [ 0.695089, 0.719839, 0.770121, 0.786918 ] }, { "date": "2024-04-05", "close": 0.715, "volume": 152425, "typical_volume": 414555.45, "trend": 0.803993, "fair_value": 0.888312, "relative_strength": -19.739747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.539666, "energy": 47.382759, "activity_lines": [ 0.702, 0.713742, 0.762557, 0.780881 ] }, { "date": "2024-04-12", "close": 0.67, "volume": 330247, "typical_volume": 419042.25, "trend": 0.797586, "fair_value": 0.888484, "relative_strength": -24.417851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.668779, "energy": 46.746369, "activity_lines": [ 0.693333, 0.702052, 0.751084, 0.772236 ] }, { "date": "2024-04-19", "close": 0.615, "volume": 431784, "typical_volume": 427953.6, "trend": 0.789345, "fair_value": 0.88825, "relative_strength": -28.046653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.666943, "energy": 55.937113, "activity_lines": [ 0.667333, 0.682883, 0.734917, 0.760457 ] }, { "date": "2024-04-26", "close": 0.685, "volume": 466373, "typical_volume": 442907.15, "trend": 0.783275, "fair_value": 0.888361, "relative_strength": -19.428475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.752128, "energy": 46.352099, "activity_lines": [ 0.668333, 0.68005, 0.726246, 0.753725 ] }, { "date": "2024-05-03", "close": 0.65, "volume": 333068, "typical_volume": 446134.4, "trend": 0.775714, "fair_value": 0.888195, "relative_strength": -23.491885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.592569, "energy": 54.693898, "activity_lines": [ 0.659333, 0.67257, 0.714738, 0.745126 ] }, { "date": "2024-05-10", "close": 0.63, "volume": 831204, "typical_volume": 429625.2, "trend": 0.769272, "fair_value": 0.888032, "relative_strength": -26.435007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.206388, "energy": 61.382626, "activity_lines": [ 0.647, 0.663364, 0.702127, 0.735725 ] }, { "date": "2024-05-17", "close": 0.62, "volume": 561117, "typical_volume": 447851.45, "trend": 0.762335, "fair_value": 0.887804, "relative_strength": -27.585382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.631993, "energy": 57.363, "activity_lines": [ 0.637, 0.653727, 0.689971, 0.726095 ] }, { "date": "2024-05-24", "close": 0.475, "volume": 3096613, "typical_volume": 596673.55, "trend": 0.751213, "fair_value": 0.886673, "relative_strength": -43.283539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.627811, "energy": 86.760586, "activity_lines": [ 0.582, 0.618909, 0.665251, 0.707557 ] }, { "date": "2024-05-31", "close": 0.44, "volume": 1704580, "typical_volume": 678364.3, "trend": 0.739412, "fair_value": 0.885057, "relative_strength": -46.652928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.979501, "energy": 95.679564, "activity_lines": [ 0.524667, 0.581273, 0.639112, 0.687479 ] }, { "date": "2024-06-07", "close": 0.415, "volume": 2666093, "typical_volume": 801870.9, "trend": 0.726778, "fair_value": 0.88328, "relative_strength": -50.138792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.296355, "energy": 95.61706, "activity_lines": [ 0.475333, 0.544, 0.612672, 0.666549 ] }, { "date": "2024-06-14", "close": 0.47, "volume": 812767, "typical_volume": 837438.85, "trend": 0.715977, "fair_value": 0.881987, "relative_strength": -41.953297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.304327, "energy": 88.349326, "activity_lines": [ 0.46, 0.521909, 0.593623, 0.649983 ] }, { "date": "2024-06-21", "close": 0.455, "volume": 685414, "typical_volume": 861803.25, "trend": 0.705001, "fair_value": 0.880571, "relative_strength": -43.683957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.908945, "energy": 87.521639, "activity_lines": [ 0.450333, 0.501545, 0.57499, 0.633146 ] }, { "date": "2024-06-28", "close": 0.45, "volume": 1525074, "typical_volume": 926718.0, "trend": 0.693696, "fair_value": 0.879071, "relative_strength": -43.484308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.124593, "energy": 75.911876, "activity_lines": [ 0.45, 0.484182, 0.557565, 0.616694 ] }, { "date": "2024-07-05", "close": 0.47, "volume": 475068, "typical_volume": 925672.0, "trend": 0.683058, "fair_value": 0.877804, "relative_strength": -40.661722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.554923, "energy": 62.868739, "activity_lines": [ 0.458, 0.473455, 0.543775, 0.602262 ] }, { "date": "2024-07-12", "close": 0.495, "volume": 397148, "typical_volume": 934062.3, "trend": 0.672278, "fair_value": 0.876227, "relative_strength": -37.891205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.63942, "energy": 55.590224, "activity_lines": [ 0.472333, 0.471182, 0.53384, 0.590129 ] }, { "date": "2024-07-19", "close": 0.585, "volume": 541899, "typical_volume": 826016.25, "trend": 0.660927, "fair_value": 0.875409, "relative_strength": -26.088631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.579536, "energy": 35.383906, "activity_lines": [ 0.511333, 0.488091, 0.533714, 0.584498 ] }, { "date": "2024-07-26", "close": 0.58, "volume": 405800, "typical_volume": 826782.3, "trend": 0.650869, "fair_value": 0.874638, "relative_strength": -25.649872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.043524, "energy": 29.716023, "activity_lines": [ 0.541, 0.504909, 0.53369, 0.579277 ] }, { "date": "2024-08-02", "close": 0.56, "volume": 439163, "typical_volume": 830517.9, "trend": 0.640308, "fair_value": 0.873896, "relative_strength": -27.763073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.081869, "energy": 30.437575, "activity_lines": [ 0.555667, 0.518818, 0.532262, 0.573415 ] }, { "date": "2024-08-09", "close": 0.56, "volume": 645390, "typical_volume": 835494.5, "trend": 0.629747, "fair_value": 0.873075, "relative_strength": -25.558304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.032744, "energy": 27.174026, "activity_lines": [ 0.563, 0.531182, 0.531357, 0.568233 ] }, { "date": "2024-08-16", "close": 0.575, "volume": 283530, "typical_volume": 839237.85, "trend": 0.62001, "fair_value": 0.872454, "relative_strength": -24.692079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.607388, "energy": 18.328719, "activity_lines": [ 0.569333, 0.544091, 0.532595, 0.564701 ] }, { "date": "2024-08-23", "close": 0.525, "volume": 700866, "typical_volume": 866659.9, "trend": 0.608932, "fair_value": 0.871383, "relative_strength": -30.900638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.747215, "energy": 13.81844, "activity_lines": [ 0.553667, 0.545, 0.529667, 0.558572 ] }, { "date": "2024-08-30", "close": 0.56, "volume": 797251, "typical_volume": 890010.1, "trend": 0.600644, "fair_value": 0.870666, "relative_strength": -26.115481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.535643, "energy": 8.827027, "activity_lines": [ 0.553667, 0.551273, 0.530976, 0.555415 ] }, { "date": "2024-09-06", "close": 0.53, "volume": 373105, "typical_volume": 887076.15, "trend": 0.591194, "fair_value": 0.869571, "relative_strength": -28.612099, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.439607, "energy": 14.632315, "activity_lines": [ 0.545, 0.550182, 0.529952, 0.550857 ] }, { "date": "2024-09-13", "close": 0.515, "volume": 233029, "typical_volume": 875408.95, "trend": 0.58238, "fair_value": 0.868325, "relative_strength": -30.582643, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.305725, "energy": 24.217476, "activity_lines": [ 0.533333, 0.544909, 0.527905, 0.545941 ] }, { "date": "2024-09-20", "close": 0.485, "volume": 296810, "typical_volume": 873596.05, "trend": 0.573378, "fair_value": 0.866806, "relative_strength": -34.635932, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.929017, "energy": 31.732122, "activity_lines": [ 0.514667, 0.533364, 0.52381, 0.539659 ] }, { "date": "2024-09-27", "close": 0.485, "volume": 190480, "typical_volume": 841559.85, "trend": 0.566, "fair_value": 0.86526, "relative_strength": -33.755947, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.597619, "energy": 44.156577, "activity_lines": [ 0.502, 0.522, 0.5205, 0.533957 ] }, { "date": "2024-10-04", "close": 0.49, "volume": 351185, "typical_volume": 831063.25, "trend": 0.5595, "fair_value": 0.863583, "relative_strength": -31.588816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.069281, "energy": 49.995959, "activity_lines": [ 0.493667, 0.513364, 0.518357, 0.529054 ] }, { "date": "2024-10-11", "close": 0.52, "volume": 588819, "typical_volume": 705673.55, "trend": 0.5545, "fair_value": 0.861503, "relative_strength": -27.117936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.61522, "energy": 40.625086, "activity_lines": [ 0.5, 0.511818, 0.51969, 0.526505 ] }, { "date": "2024-10-18", "close": 0.51, "volume": 104351, "typical_volume": 625662.1, "trend": 0.547833, "fair_value": 0.859305, "relative_strength": -28.183191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.38669, "energy": 29.098295, "activity_lines": [ 0.503667, 0.509182, 0.519857, 0.523634 ] }, { "date": "2024-10-25", "close": 0.58, "volume": 650701, "typical_volume": 524892.5, "trend": 0.543833, "fair_value": 0.857691, "relative_strength": -16.717588, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.374955, "energy": 5.363387, "activity_lines": [ 0.531, 0.520182, 0.526357, 0.52571 ] }, { "date": "2024-11-01", "close": 0.6, "volume": 485975, "typical_volume": 508552.9, "trend": 0.54, "fair_value": 0.855691, "relative_strength": -12.069, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.756976, "energy": 30.745189, "activity_lines": [ 0.558667, 0.534727, 0.533976, 0.529333 ] }, { "date": "2024-11-08", "close": 0.59, "volume": 226813, "typical_volume": 485622.85, "trend": 0.537333, "fair_value": 0.853248, "relative_strength": -14.53745, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.543623, "energy": 49.531868, "activity_lines": [ 0.575333, 0.546091, 0.540024, 0.532559 ] }, { "date": "2024-11-15", "close": 0.58, "volume": 160267, "typical_volume": 417382.5, "trend": 0.536167, "fair_value": 0.850443, "relative_strength": -15.048715, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.471692, "energy": 56.232807, "activity_lines": [ 0.582, 0.555091, 0.544476, 0.535312 ] }, { "date": "2024-11-22", "close": 0.6, "volume": 337234, "typical_volume": 410490.8, "trend": 0.533333, "fair_value": 0.848389, "relative_strength": -12.440868, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.426565, "energy": 71.006063, "activity_lines": [ 0.591333, 0.566818, 0.550214, 0.53943 ] }, { "date": "2024-11-29", "close": 0.575, "volume": 150772, "typical_volume": 398172.0, "trend": 0.530833, "fair_value": 0.846012, "relative_strength": -15.648323, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.757021, "energy": 59.614188, "activity_lines": [ 0.586333, 0.572455, 0.552952, 0.542118 ] }, { "date": "2024-12-06", "close": 0.585, "volume": 131686, "typical_volume": 377661.35, "trend": 0.529333, "fair_value": 0.843619, "relative_strength": -13.194654, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.243755, "energy": 43.291974, "activity_lines": [ 0.585, 0.578273, 0.556262, 0.545613 ] }, { "date": "2024-12-13", "close": 0.605, "volume": 155666, "typical_volume": 365154.65, "trend": 0.528833, "fair_value": 0.841434, "relative_strength": -8.057231, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.502421, "energy": 43.495135, "activity_lines": [ 0.591333, 0.585909, 0.561476, 0.550495 ] }, { "date": "2024-12-20", "close": 0.56, "volume": 285080, "typical_volume": 357450.5, "trend": 0.531667, "fair_value": 0.83888, "relative_strength": -11.319857, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.680609, "energy": 26.911245, "activity_lines": [ 0.581667, 0.583273, 0.562286, 0.552505 ] }, { "date": "2024-12-27", "close": 0.58, "volume": 30574, "typical_volume": 326709.7, "trend": 0.536333, "fair_value": 0.835128, "relative_strength": -9.294342, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.733659, "energy": 25.909626, "activity_lines": [ 0.58, 0.583545, 0.565, 0.555624 ] }, { "date": "2025-01-03", "close": 0.58, "volume": 74657, "typical_volume": 316266.05, "trend": 0.541833, "fair_value": 0.831051, "relative_strength": -8.101861, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.563626, "energy": 22.500104, "activity_lines": [ 0.579667, 0.582545, 0.567619, 0.558441 ] }, { "date": "2025-01-10", "close": 0.58, "volume": 25878, "typical_volume": 282516.65, "trend": 0.5455, "fair_value": 0.826947, "relative_strength": -7.491697, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.800727, "energy": 17.288327, "activity_lines": [ 0.579, 0.581545, 0.570214, 0.560903 ] }, { "date": "2025-01-17", "close": 0.54, "volume": 95105, "typical_volume": 247409.35, "trend": 0.548333, "fair_value": 0.823128, "relative_strength": -12.891239, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.832514, "energy": 10.686925, "activity_lines": [ 0.565333, 0.573636, 0.568738, 0.560548 ] }, { "date": "2025-01-24", "close": 0.52, "volume": 285801, "typical_volume": 243044.15, "trend": 0.550667, "fair_value": 0.81937, "relative_strength": -15.981622, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.202258, "energy": 21.850105, "activity_lines": [ 0.549333, 0.563, 0.565452, 0.55872 ] }, { "date": "2025-01-31", "close": 0.505, "volume": 93462, "typical_volume": 236065.8, "trend": 0.551833, "fair_value": 0.814975, "relative_strength": -18.610504, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.200915, "energy": 41.447996, "activity_lines": [ 0.531, 0.550727, 0.560786, 0.555774 ] }, { "date": "2025-02-07", "close": 0.485, "volume": 130287, "typical_volume": 227739.65, "trend": 0.5515, "fair_value": 0.810343, "relative_strength": -20.604055, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.508605, "energy": 63.221223, "activity_lines": [ 0.511, 0.536545, 0.554262, 0.551462 ] }, { "date": "2025-02-14", "close": 0.47, "volume": 123595, "typical_volume": 224395.4, "trend": 0.547667, "fair_value": 0.805777, "relative_strength": -22.486011, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.477955, "energy": 76.520162, "activity_lines": [ 0.492333, 0.521273, 0.54631, 0.546204 ] }, { "date": "2025-02-21", "close": 0.475, "volume": 379482, "typical_volume": 225810.25, "trend": 0.544167, "fair_value": 0.801839, "relative_strength": -18.289294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.028843, "energy": 80.37992, "activity_lines": [ 0.482667, 0.509, 0.538905, 0.541516 ] }, { "date": "2025-02-28", "close": 0.45, "volume": 652031, "typical_volume": 228970.85, "trend": 0.5405, "fair_value": 0.797443, "relative_strength": -20.630201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.626617, "energy": 85.395317, "activity_lines": [ 0.469, 0.494545, 0.52919, 0.535441 ] }, { "date": "2025-03-07", "close": 0.46, "volume": 554426, "typical_volume": 251474.6, "trend": 0.537167, "fair_value": 0.793785, "relative_strength": -15.891936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.359228, "energy": 78.424774, "activity_lines": [ 0.463333, 0.483909, 0.520762, 0.530247 ] }, { "date": "2025-03-14", "close": 0.43, "volume": 170963, "typical_volume": 227487.7, "trend": 0.532333, "fair_value": 0.790073, "relative_strength": -19.050156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.837852, "energy": 82.412017, "activity_lines": [ 0.450667, 0.47, 0.509714, 0.523333 ] }, { "date": "2025-03-21", "close": 0.435, "volume": 185366, "typical_volume": 212457.25, "trend": 0.529333, "fair_value": 0.786506, "relative_strength": -18.732844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.309002, "energy": 80.429731, "activity_lines": [ 0.443333, 0.459727, 0.499857, 0.517054 ] }, { "date": "2025-03-28", "close": 0.425, "volume": 364175, "typical_volume": 219325.35, "trend": 0.524833, "fair_value": 0.782595, "relative_strength": -20.302514, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.520398, "energy": 78.843341, "activity_lines": [ 0.435, 0.450273, 0.489833, 0.510323 ] }, { "date": "2025-04-04", "close": 0.405, "volume": 525173, "typical_volume": 237570.65, "trend": 0.520667, "fair_value": 0.778723, "relative_strength": -20.039534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.587754, "energy": 87.342556, "activity_lines": [ 0.423333, 0.439273, 0.47869, 0.502591 ] }, { "date": "2025-04-11", "close": 0.4, "volume": 814438, "typical_volume": 261430.85, "trend": 0.516833, "fair_value": 0.774206, "relative_strength": -20.02164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.402149, "energy": 81.360759, "activity_lines": [ 0.413, 0.429455, 0.467905, 0.494806 ] }, { "date": "2025-04-18", "close": 0.41, "volume": 211520, "typical_volume": 264468.25, "trend": 0.514333, "fair_value": 0.770255, "relative_strength": -19.146297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.676481, "energy": 72.910114, "activity_lines": [ 0.41, 0.423364, 0.459024, 0.487914 ] }, { "date": "2025-04-25", "close": 0.41, "volume": 139891, "typical_volume": 264878.5, "trend": 0.511833, "fair_value": 0.766499, "relative_strength": -19.731808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.81725, "energy": 61.905241, "activity_lines": [ 0.408333, 0.418636, 0.450929, 0.481183 ] }, { "date": "2025-05-02", "close": 0.395, "volume": 368962, "typical_volume": 275543.3, "trend": 0.508667, "fair_value": 0.762842, "relative_strength": -24.355731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.532319, "energy": 63.346881, "activity_lines": [ 0.403333, 0.412273, 0.442238, 0.473645 ] }, { "date": "2025-05-09", "close": 0.41, "volume": 158850, "typical_volume": 269231.8, "trend": 0.505, "fair_value": 0.759671, "relative_strength": -20.660308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.532249, "energy": 55.423938, "activity_lines": [ 0.405333, 0.410091, 0.435976, 0.46728 ] }, { "date": "2025-05-16", "close": 0.39, "volume": 394040, "typical_volume": 287405.1, "trend": 0.501, "fair_value": 0.756038, "relative_strength": -24.797173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.746431, "energy": 56.99278, "activity_lines": [ 0.400333, 0.405, 0.428524, 0.45986 ] }, { "date": "2025-05-23", "close": 0.405, "volume": 481544, "typical_volume": 307749.45, "trend": 0.495167, "fair_value": 0.752891, "relative_strength": -21.749992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.163224, "energy": 48.515823, "activity_lines": [ 0.401, 0.403909, 0.423405, 0.453667 ] }, { "date": "2025-05-30", "close": 0.4, "volume": 401264, "typical_volume": 326518.75, "trend": 0.4885, "fair_value": 0.749601, "relative_strength": -23.160526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.589633, "energy": 44.139334, "activity_lines": [ 0.400333, 0.402364, 0.418643, 0.447527 ] }, { "date": "2025-06-06", "close": 0.4, "volume": 475275, "typical_volume": 345527.25, "trend": 0.482167, "fair_value": 0.746589, "relative_strength": -23.752974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.6251, "energy": 44.06446, "activity_lines": [ 0.400333, 0.401455, 0.414738, 0.441817 ] }, { "date": "2025-06-13", "close": 0.4, "volume": 314552, "typical_volume": 346964.8, "trend": 0.476167, "fair_value": 0.743801, "relative_strength": -23.70114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.248787, "energy": 39.567668, "activity_lines": [ 0.4, 0.401, 0.4115, 0.436516 ] }, { "date": "2025-06-20", "close": 0.4, "volume": 328278, "typical_volume": 358705.6, "trend": 0.4695, "fair_value": 0.741179, "relative_strength": -23.051805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.481054, "energy": 37.55414, "activity_lines": [ 0.400333, 0.400636, 0.408833, 0.431602 ] }, { "date": "2025-06-27", "close": 0.415, "volume": 5711989, "typical_volume": 637790.7, "trend": 0.464167, "fair_value": 0.738096, "relative_strength": -20.016499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.845379, "energy": 26.774815, "activity_lines": [ 0.405, 0.403, 0.408095, 0.428086 ] }, { "date": "2025-07-04", "close": 0.405, "volume": 455456, "typical_volume": 654383.75, "trend": 0.458167, "fair_value": 0.734559, "relative_strength": -22.431091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.766834, "energy": 23.435505, "activity_lines": [ 0.405667, 0.403455, 0.406738, 0.424269 ] }, { "date": "2025-07-11", "close": 0.38, "volume": 498112, "typical_volume": 660315.25, "trend": 0.450667, "fair_value": 0.73075, "relative_strength": -26.608704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.336242, "energy": 35.456387, "activity_lines": [ 0.397667, 0.399455, 0.40331, 0.419226 ] }, { "date": "2025-07-18", "close": 0.395, "volume": 430447, "typical_volume": 649236.05, "trend": 0.445167, "fair_value": 0.727372, "relative_strength": -24.57475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.628478, "energy": 30.651061, "activity_lines": [ 0.396, 0.398455, 0.401762, 0.415634 ] }, { "date": "2025-07-25", "close": 0.385, "volume": 666536, "typical_volume": 654841.55, "trend": 0.438667, "fair_value": 0.72393, "relative_strength": -25.023954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.514034, "energy": 37.536747, "activity_lines": [ 0.391333, 0.395909, 0.399524, 0.411753 ] }, { "date": "2025-08-01", "close": 0.42, "volume": 283165, "typical_volume": 660451.65, "trend": 0.433333, "fair_value": 0.720433, "relative_strength": -17.572738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.307669, "energy": 23.858422, "activity_lines": [ 0.399333, 0.399818, 0.400976, 0.410548 ] }, { "date": "2025-08-08", "close": 0.41, "volume": 716602, "typical_volume": 687013.45, "trend": 0.427667, "fair_value": 0.717067, "relative_strength": -20.197079, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.62297, "energy": 10.440886, "activity_lines": [ 0.403667, 0.401636, 0.401524, 0.409043 ] }, { "date": "2025-08-15", "close": 0.41, "volume": 601253, "typical_volume": 698867.35, "trend": 0.423333, "fair_value": 0.713785, "relative_strength": -20.684289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.963679, "energy": 9.200463, "activity_lines": [ 0.407667, 0.403273, 0.40219, 0.407903 ] }, { "date": "2025-08-22", "close": 0.395, "volume": 260166, "typical_volume": 685617.0, "trend": 0.419167, "fair_value": 0.710602, "relative_strength": -23.286065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.74011, "energy": 13.123558, "activity_lines": [ 0.404667, 0.402, 0.4015, 0.406075 ] }, { "date": "2025-08-29", "close": 0.38, "volume": 1122097, "typical_volume": 700999.95, "trend": 0.415, "fair_value": 0.70657, "relative_strength": -25.576714, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.827948, "energy": 24.528406, "activity_lines": [ 0.396667, 0.398091, 0.399429, 0.403548 ] }, { "date": "2025-09-05", "close": 0.37, "volume": 386048, "typical_volume": 709726.35, "trend": 0.411167, "fair_value": 0.70238, "relative_strength": -26.092617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.96323, "energy": 45.836451, "activity_lines": [ 0.385667, 0.392727, 0.3965, 0.400645 ] }, { "date": "2025-09-12", "close": 0.36, "volume": 283521, "typical_volume": 716907.85, "trend": 0.4075, "fair_value": 0.698213, "relative_strength": -27.471253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.40807, "energy": 63.621082, "activity_lines": [ 0.374667, 0.386364, 0.39281, 0.397344 ] }, { "date": "2025-09-19", "close": 0.36, "volume": 813949, "typical_volume": 739157.2, "trend": 0.403667, "fair_value": 0.694046, "relative_strength": -26.258626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.521958, "energy": 68.407288, "activity_lines": [ 0.367, 0.380818, 0.389357, 0.39428 ] }, { "date": "2025-09-26", "close": 0.365, "volume": 678123, "typical_volume": 765120.85, "trend": 0.400833, "fair_value": 0.689535, "relative_strength": -24.900448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.983827, "energy": 66.186343, "activity_lines": [ 0.364333, 0.376545, 0.386548, 0.391785 ] }, { "date": "2025-10-03", "close": 0.365, "volume": 371506, "typical_volume": 763994.15, "trend": 0.397667, "fair_value": 0.68511, "relative_strength": -26.067611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.248388, "energy": 60.995681, "activity_lines": [ 0.363667, 0.372818, 0.383952, 0.389473 ] }, { "date": "2025-10-10", "close": 0.37, "volume": 711631, "typical_volume": 775498.5, "trend": 0.395667, "fair_value": 0.680776, "relative_strength": -24.22779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.431876, "energy": 40.964778, "activity_lines": [ 0.365667, 0.370364, 0.381952, 0.387688 ] }, { "date": "2025-10-17", "close": 0.37, "volume": 358256, "typical_volume": 773348.1, "trend": 0.3935, "fair_value": 0.676528, "relative_strength": -23.991402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.513765, "energy": 32.594695, "activity_lines": [ 0.367667, 0.368818, 0.380119, 0.386032 ] }, { "date": "2025-10-24", "close": 0.355, "volume": 478541, "typical_volume": 773511.4, "trend": 0.391167, "fair_value": 0.671866, "relative_strength": -26.447054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.975976, "energy": 35.906819, "activity_lines": [ 0.364, 0.365273, 0.377, 0.383548 ] }, { "date": "2025-10-31", "close": 0.34, "volume": 544101, "typical_volume": 784988.85, "trend": 0.389, "fair_value": 0.666963, "relative_strength": -27.53997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.854685, "energy": 44.486322, "activity_lines": [ 0.355667, 0.36, 0.372667, 0.380247 ] }, { "date": "2025-11-07", "close": 0.33, "volume": 527785, "typical_volume": 794964.2, "trend": 0.386667, "fair_value": 0.662083, "relative_strength": -27.892115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.324771, "energy": 68.941956, "activity_lines": [ 0.345667, 0.353909, 0.367667, 0.376441 ] }, { "date": "2025-11-14", "close": 0.325, "volume": 152378, "typical_volume": 516983.65, "trend": 0.383833, "fair_value": 0.657374, "relative_strength": -27.002064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.4529, "energy": 80.343528, "activity_lines": [ 0.336333, 0.347818, 0.362524, 0.372462 ] }, { "date": "2025-11-21", "close": 0.335, "volume": 58482, "typical_volume": 497134.95, "trend": 0.381333, "fair_value": 0.652641, "relative_strength": -21.884117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.867791, "energy": 76.648073, "activity_lines": [ 0.333333, 0.344364, 0.358762, 0.369312 ] }, { "date": "2025-11-28", "close": 0.34, "volume": 230891, "typical_volume": 483773.9, "trend": 0.3795, "fair_value": 0.648057, "relative_strength": -21.688943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.967641, "energy": 71.468429, "activity_lines": [ 0.334333, 0.342273, 0.35581, 0.366645 ] }, { "date": "2025-12-05", "close": 0.34, "volume": 311549, "typical_volume": 477829.0, "trend": 0.377167, "fair_value": 0.64405, "relative_strength": -20.967401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.268202, "energy": 49.178741, "activity_lines": [ 0.336333, 0.340545, 0.353048, 0.364097 ] }, { "date": "2025-12-12", "close": 0.335, "volume": 493914, "typical_volume": 469197.9, "trend": 0.375333, "fair_value": 0.639954, "relative_strength": -21.650446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.149889, "energy": 41.123677, "activity_lines": [ 0.336667, 0.338364, 0.350071, 0.361376 ] }, { "date": "2025-12-19", "close": 0.33, "volume": 230829, "typical_volume": 466581.1, "trend": 0.372833, "fair_value": 0.63571, "relative_strength": -21.180201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.636684, "energy": 41.606354, "activity_lines": [ 0.335, 0.335818, 0.346857, 0.358452 ] }, { "date": "2025-12-26", "close": 0.35, "volume": 103995, "typical_volume": 435950.75, "trend": 0.371167, "fair_value": 0.631594, "relative_strength": -16.753695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.278784, "energy": 29.88094, "activity_lines": [ 0.339667, 0.337636, 0.345976, 0.356978 ] }, { "date": "2026-01-02", "close": 0.38, "volume": 316918, "typical_volume": 421734.0, "trend": 0.3705, "fair_value": 0.627931, "relative_strength": -8.273075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.21631, "energy": 11.689429, "activity_lines": [ 0.353333, 0.345273, 0.348238, 0.357548 ] }, { "date": "2026-01-09", "close": 0.38, "volume": 889061, "typical_volume": 453178.75, "trend": 0.369833, "fair_value": 0.624296, "relative_strength": -7.177279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.361173, "energy": 19.747812, "activity_lines": [ 0.364333, 0.352455, 0.350643, 0.358161 ] }, { "date": "2026-01-16", "close": 0.4, "volume": 544828, "typical_volume": 424315.3, "trend": 0.369833, "fair_value": 0.620385, "relative_strength": -3.541883, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.917416, "energy": 39.699269, "activity_lines": [ 0.379333, 0.362545, 0.355024, 0.360108 ] }, { "date": "2026-01-23", "close": 0.37, "volume": 282823, "typical_volume": 419154.05, "trend": 0.368333, "fair_value": 0.616456, "relative_strength": -9.585545, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.424226, "energy": 33.9126, "activity_lines": [ 0.38, 0.365909, 0.356452, 0.360118 ] }, { "date": "2026-01-30", "close": 0.4, "volume": 767504, "typical_volume": 443353.2, "trend": 0.368167, "fair_value": 0.612949, "relative_strength": -1.777751, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.729827, "energy": 49.771885, "activity_lines": [ 0.388, 0.373909, 0.360738, 0.362161 ] }, { "date": "2026-02-06", "close": 0.395, "volume": 2788817, "typical_volume": 542096.6, "trend": 0.368667, "fair_value": 0.609671, "relative_strength": -0.736857, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.676701, "energy": 47.958513, "activity_lines": [ 0.391, 0.379818, 0.364357, 0.363892 ] }, { "date": "2026-02-13", "close": 0.405, "volume": 432637, "typical_volume": 529822.3, "trend": 0.369, "fair_value": 0.606544, "relative_strength": -0.207149, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.411107, "energy": 36.308068, "activity_lines": [ 0.396333, 0.386545, 0.368762, 0.366237 ] }, { "date": "2026-02-20", "close": 0.415, "volume": 444545, "typical_volume": 533474.25, "trend": 0.37, "fair_value": 0.603249, "relative_strength": 0.905258, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.253741, "energy": 47.485585, "activity_lines": [ 0.403333, 0.393909, 0.373929, 0.369204 ] }, { "date": "2026-02-27", "close": 0.44, "volume": 846591, "typical_volume": 540222.25, "trend": 0.370667, "fair_value": 0.600289, "relative_strength": 5.946075, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.005588, "energy": 67.633685, "activity_lines": [ 0.417667, 0.404364, 0.381238, 0.37372 ] }, { "date": "2026-03-06", "close": 0.45, "volume": 393715, "typical_volume": 541995.2, "trend": 0.372, "fair_value": 0.597584, "relative_strength": 12.947607, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.98681, "energy": 75.849032, "activity_lines": [ 0.430667, 0.414636, 0.389167, 0.378839 ] }, { "date": "2026-03-13", "close": 0.435, "volume": 623444, "typical_volume": 549240.35, "trend": 0.372833, "fair_value": 0.594302, "relative_strength": 12.372917, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.15486, "energy": 70.173838, "activity_lines": [ 0.435333, 0.420364, 0.395286, 0.382903 ] }, { "date": "2026-03-20", "close": 0.43, "volume": 1172049, "typical_volume": 580637.75, "trend": 0.374, "fair_value": 0.591288, "relative_strength": 13.754662, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.795734, "energy": 60.993647, "activity_lines": [ 0.435667, 0.424182, 0.400548, 0.386591 ] }, { "date": "2026-03-27", "close": 0.355, "volume": 1776745, "typical_volume": 643085.75, "trend": 0.373167, "fair_value": 0.587644, "relative_strength": -6.592579, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.060159, "energy": 19.267723, "activity_lines": [ 0.409333, 0.413455, 0.398238, 0.385366 ] }, { "date": "2026-04-03", "close": 0.375, "volume": 370010, "typical_volume": 653967.35, "trend": 0.373333, "fair_value": 0.584068, "relative_strength": -1.671044, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.402413, "energy": 17.275383, "activity_lines": [ 0.393667, 0.407182, 0.397714, 0.385484 ] }, { "date": "2026-04-10", "close": 0.37, "volume": 1023904, "typical_volume": 702238.45, "trend": 0.373667, "fair_value": 0.580459, "relative_strength": -6.663358, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.678275, "energy": 19.876923, "activity_lines": [ 0.380667, 0.399909, 0.396476, 0.385269 ] }, { "date": "2026-04-17", "close": 0.41, "volume": 543919, "typical_volume": 717889.85, "trend": 0.375333, "fair_value": 0.577137, "relative_strength": 3.883936, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.99595, "energy": 23.314352, "activity_lines": [ 0.386333, 0.400455, 0.398881, 0.387613 ] }, { "date": "2026-04-24", "close": 0.39, "volume": 784242, "typical_volume": 741524.5, "trend": 0.376167, "fair_value": 0.573627, "relative_strength": 0.931361, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.753459, "energy": 12.491765, "activity_lines": [ 0.387, 0.397091, 0.399048, 0.388559 ] }, { "date": "2026-05-01", "close": 0.39, "volume": 150769, "typical_volume": 724367.25, "trend": 0.377, "fair_value": 0.570117, "relative_strength": 1.732562, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.352604, "energy": 8.974717, "activity_lines": [ 0.390333, 0.394, 0.398976, 0.389452 ] }, { "date": "2026-05-08", "close": 0.365, "volume": 240479, "typical_volume": 724849.75, "trend": 0.376833, "fair_value": 0.566627, "relative_strength": -4.610645, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.994957, "energy": 4.651717, "activity_lines": [ 0.383, 0.386818, 0.396262, 0.388677 ] }, { "date": "2026-05-15", "close": 0.33, "volume": 882184, "typical_volume": 763759.2, "trend": 0.3755, "fair_value": 0.562732, "relative_strength": -12.294541, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.481077, "energy": 37.845291, "activity_lines": [ 0.364667, 0.374636, 0.390048, 0.385656 ] }, { "date": "2026-05-22", "close": 0.33, "volume": 548481, "typical_volume": 775337.35, "trend": 0.374667, "fair_value": 0.559197, "relative_strength": -12.160085, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.417494, "energy": 50.285077, "activity_lines": [ 0.349, 0.364636, 0.383929, 0.38272 ] }, { "date": "2026-05-29", "close": 0.315, "volume": 191876, "typical_volume": 740478.1, "trend": 0.373833, "fair_value": 0.555537, "relative_strength": -16.449984, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.240009, "energy": 66.687402, "activity_lines": [ 0.333667, 0.353818, 0.376619, 0.378871 ] }, { "date": "2026-06-05", "close": 0.33, "volume": 355987, "typical_volume": 731036.05, "trend": 0.373833, "fair_value": 0.552393, "relative_strength": -11.044469, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.79186, "energy": 63.376125, "activity_lines": [ 0.328333, 0.347818, 0.371048, 0.376043 ] }, { "date": "2026-06-12", "close": 0.31, "volume": 14148, "typical_volume": 717602.3, "trend": 0.373333, "fair_value": 0.548971, "relative_strength": -17.707449, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.956977, "energy": 75.336434, "activity_lines": [ 0.320333, 0.338636, 0.363905, 0.371925 ] }, { "date": "2026-06-19", "close": 0.32, "volume": 27777, "typical_volume": 680615.95, "trend": 0.372833, "fair_value": 0.545553, "relative_strength": -14.877978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.043759, "energy": 67.666026, "activity_lines": [ 0.319333, 0.332455, 0.358, 0.368484 ] }, { "date": "2026-06-26", "close": 0.33, "volume": 51644, "typical_volume": 543757.3, "trend": 0.3725, "fair_value": 0.54229, "relative_strength": -11.126797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.583235, "energy": 62.150239, "activity_lines": [ 0.322333, 0.329, 0.353429, 0.36572 ] }, { "date": "2026-07-03", "close": 0.34, "volume": 67635, "typical_volume": 525507.2, "trend": 0.3725, "fair_value": 0.538819, "relative_strength": -8.90698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.383095, "energy": 45.700272, "activity_lines": [ 0.328667, 0.328818, 0.350119, 0.363624 ] }, { "date": "2026-07-10", "close": 0.35, "volume": 341658, "typical_volume": 520362.85, "trend": 0.373, "fair_value": 0.535413, "relative_strength": -5.623486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.526763, "energy": 29.67457, "activity_lines": [ 0.336667, 0.331364, 0.348071, 0.362172 ] }, { "date": "2026-07-17", "close": 0.34, "volume": 304761, "typical_volume": 493271.35, "trend": 0.373333, "fair_value": 0.532093, "relative_strength": -7.951718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.249222, "energy": 23.451248, "activity_lines": [ 0.34, 0.332818, 0.345381, 0.360043 ] }, { "date": "2026-07-24", "close": 0.325, "volume": 151717, "typical_volume": 481171.45, "trend": 0.3725, "fair_value": 0.528707, "relative_strength": -11.468969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.959902, "energy": 26.903869, "activity_lines": [ 0.336333, 0.332, 0.341738, 0.356925 ] }, { "date": "2026-07-31", "close": 0.35, "volume": 805896, "typical_volume": 490294.05, "trend": 0.3715, "fair_value": 0.525482, "relative_strength": -6.422401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.911021, "energy": 19.929088, "activity_lines": [ 0.340667, 0.335818, 0.341071, 0.355473 ] }, { "date": "2026-08-07", "close": 0.35, "volume": 1346371, "typical_volume": 499010.15, "trend": 0.3705, "fair_value": 0.522196, "relative_strength": -8.950956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.655163, "energy": 16.8694, "activity_lines": [ 0.343667, 0.339273, 0.34081, 0.354086 ] } ], "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." } } }