{ "ticker": { "uuid": "a467fc03-76eb-49bd-b610-5c04b6cd30ba", "symbol": "HGH", "name": "Heartland Group Holdings Limited", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 77.831, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 53.816, "architecture_energy": 32.209, "architecture_maturity": 16.367, "architecture_confidence": 76.227, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 34.51, "rotation_up": 51.65, "upward_expansion": 76.45, "deceleration": 61.77, "rotation_down": 18.47, "downward_expansion": 3.12 }, "activity_lines": [ 1.225667, 1.224909, 1.198071, 1.194679 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 1.205, "trend_reference": 1.193024, "distance_from_trend": 0.010038, "trend_direction": "Improving", "fair_value": 1.055972, "distance_from_fair_value": 0.141129, "fair_value_direction": "Improving", "relative_strength": 3.855648, "relative_strength_direction": "Weakening", "price_momentum": 0.00292, "excess_performance": -0.025354, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010038, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03976, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.141129, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.100662, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.038556, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.067851, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.00292, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.482231, "read": "Demand-led" } ], "volume": { "latest": 1868838, "relative_activity": 0.748608, "balance": 1.482231, "dry_up": 0.751951, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.045005, "annualized_volatility": 0.193523, "from_high_reference": -0.062257, "from_low_reference": 0.602696 }, "levels": { "trend_reference": 1.193024, "fair_value_reference": 1.055972, "structural_low": 1.015, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": 0.006061, "positive_rate": 0.526316, "directional_follow_through": 0.526316, "median_excess_return": 0.023198, "regime_survival": 0.736842, "best_return": 0.128205, "worst_return": -0.073034, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.103896, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.112756, "regime_survival": 0.571429, "best_return": 0.172041, "worst_return": -0.04903, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.03853, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.096928, "regime_survival": 0.5, "best_return": 0.33889, "worst_return": -0.243949, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.172684, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.129934, "regime_survival": 0.0, "best_return": 0.013375, "worst_return": -0.358742, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": 0.010001, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-01-31", "tenure": "New", "return": 0.048544, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": -0.052631, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.022988, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-07-04", "tenure": "Established", "return": -0.012195, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.079013, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-04-03", "tenure": "Extended", "return": 0.238737, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-05-08", "tenure": "Developing", "return": -0.026087, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": 0.149533, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": -0.004049, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": 0.020747, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.004132, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.455176, "volume": 1233716, "typical_volume": 1427198.45, "trend": 1.413054, "fair_value": 1.497719, "relative_strength": 2.200057, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.425137, "energy": 36.555259, "activity_lines": [ 1.490145, 1.492555, 1.446111, 1.422687 ] }, { "date": "2023-08-25", "close": 1.455176, "volume": 1193108, "typical_volume": 1430559.95, "trend": 1.411775, "fair_value": 1.501418, "relative_strength": 3.553848, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.868043, "energy": 25.512268, "activity_lines": [ 1.474353, 1.488248, 1.450784, 1.425404 ] }, { "date": "2023-09-01", "close": 1.522858, "volume": 2210212, "typical_volume": 1467546.35, "trend": 1.412751, "fair_value": 1.505784, "relative_strength": 7.710634, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.469166, "energy": 27.781488, "activity_lines": [ 1.485633, 1.495632, 1.461138, 1.432571 ] }, { "date": "2023-09-08", "close": 1.512908, "volume": 1448304, "typical_volume": 1459936.3, "trend": 1.413397, "fair_value": 1.510133, "relative_strength": 8.652269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.748828, "energy": 29.977446, "activity_lines": [ 1.494161, 1.498591, 1.469819, 1.439033 ] }, { "date": "2023-09-15", "close": 1.565379, "volume": 1517267, "typical_volume": 1468096.8, "trend": 1.416885, "fair_value": 1.514259, "relative_strength": 12.214467, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.610068, "energy": 53.652146, "activity_lines": [ 1.520842, 1.509733, 1.482618, 1.448838 ] }, { "date": "2023-09-22", "close": 1.556634, "volume": 1267380, "typical_volume": 1443640.55, "trend": 1.420902, "fair_value": 1.518307, "relative_strength": 11.159612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.322794, "energy": 65.216615, "activity_lines": [ 1.538953, 1.518205, 1.493536, 1.457854 ] }, { "date": "2023-09-29", "close": 1.556634, "volume": 1054488, "typical_volume": 1414743.95, "trend": 1.423826, "fair_value": 1.521975, "relative_strength": 11.653131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.488097, "energy": 68.101422, "activity_lines": [ 1.550301, 1.526216, 1.503245, 1.466611 ] }, { "date": "2023-10-06", "close": 1.504163, "volume": 1100988, "typical_volume": 1402616.85, "trend": 1.425177, "fair_value": 1.525118, "relative_strength": 7.876051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.416544, "energy": 58.513766, "activity_lines": [ 1.537395, 1.524073, 1.506628, 1.471794 ] }, { "date": "2023-10-13", "close": 1.521653, "volume": 746853, "typical_volume": 1348502.9, "trend": 1.430777, "fair_value": 1.528182, "relative_strength": 9.158751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.593236, "energy": 40.474412, "activity_lines": [ 1.531564, 1.525603, 1.510799, 1.478018 ] }, { "date": "2023-10-20", "close": 1.442947, "volume": 822602, "typical_volume": 1269609.7, "trend": 1.436009, "fair_value": 1.530837, "relative_strength": 6.102233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.255987, "energy": 13.694454, "activity_lines": [ 1.498916, 1.512846, 1.506674, 1.478804 ] }, { "date": "2023-10-27", "close": 1.372986, "volume": 1493371, "typical_volume": 1256261.7, "trend": 1.437782, "fair_value": 1.53328, "relative_strength": 3.054067, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.875974, "energy": 28.319451, "activity_lines": [ 1.451109, 1.488052, 1.495461, 1.474738 ] }, { "date": "2023-11-03", "close": 1.407966, "volume": 1183753, "typical_volume": 1240239.6, "trend": 1.441566, "fair_value": 1.536138, "relative_strength": 2.306407, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.098507, "energy": 34.997726, "activity_lines": [ 1.427206, 1.471112, 1.487648, 1.472814 ] }, { "date": "2023-11-10", "close": 1.407966, "volume": 964312, "typical_volume": 1241255.1, "trend": 1.442813, "fair_value": 1.538758, "relative_strength": 2.152787, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.916174, "energy": 37.403635, "activity_lines": [ 1.413213, 1.455031, 1.479899, 1.470646 ] }, { "date": "2023-11-17", "close": 1.451692, "volume": 1335380, "typical_volume": 1231733.9, "trend": 1.446927, "fair_value": 1.541469, "relative_strength": 4.94393, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.012843, "energy": 38.282024, "activity_lines": [ 1.420209, 1.448989, 1.476177, 1.471219 ] }, { "date": "2023-11-24", "close": 1.460437, "volume": 821988, "typical_volume": 1215174.0, "trend": 1.450768, "fair_value": 1.544141, "relative_strength": 5.280892, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.052578, "energy": 19.542093, "activity_lines": [ 1.434785, 1.44565, 1.473223, 1.472091 ] }, { "date": "2023-12-01", "close": 1.390476, "volume": 1465934, "typical_volume": 1244582.5, "trend": 1.453688, "fair_value": 1.545605, "relative_strength": -1.027104, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.685073, "energy": 26.05612, "activity_lines": [ 1.424873, 1.431499, 1.463823, 1.468201 ] }, { "date": "2023-12-08", "close": 1.442947, "volume": 943300, "typical_volume": 1223831.0, "trend": 1.459203, "fair_value": 1.547264, "relative_strength": 1.625979, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.945872, "energy": 12.230603, "activity_lines": [ 1.431287, 1.429909, 1.460091, 1.467508 ] }, { "date": "2023-12-15", "close": 1.355496, "volume": 2176819, "typical_volume": 1278106.05, "trend": 1.460392, "fair_value": 1.548267, "relative_strength": -4.794796, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.211932, "energy": 28.42384, "activity_lines": [ 1.406217, 1.414485, 1.448411, 1.460817 ] }, { "date": "2023-12-22", "close": 1.233064, "volume": 3274490, "typical_volume": 1387673.75, "trend": 1.456372, "fair_value": 1.548485, "relative_strength": -13.717856, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.722844, "energy": 75.623748, "activity_lines": [ 1.343836, 1.379505, 1.425908, 1.446151 ] }, { "date": "2023-12-29", "close": 1.29428, "volume": 958303, "typical_volume": 1360628.4, "trend": 1.454393, "fair_value": 1.548906, "relative_strength": -10.217158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.207054, "energy": 72.94053, "activity_lines": [ 1.316434, 1.360902, 1.410615, 1.435693 ] }, { "date": "2024-01-05", "close": 1.31177, "volume": 1022562, "typical_volume": 1350070.7, "trend": 1.451869, "fair_value": 1.549296, "relative_strength": -8.612423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.961147, "energy": 73.648514, "activity_lines": [ 1.30594, 1.348182, 1.397875, 1.426492 ] }, { "date": "2024-01-12", "close": 1.241809, "volume": 1521537, "typical_volume": 1366492.15, "trend": 1.445885, "fair_value": 1.548716, "relative_strength": -13.985203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.646941, "energy": 77.784248, "activity_lines": [ 1.277373, 1.323854, 1.379155, 1.412939 ] }, { "date": "2024-01-19", "close": 1.259299, "volume": 2594272, "typical_volume": 1385695.15, "trend": 1.441894, "fair_value": 1.547917, "relative_strength": -11.081866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.969184, "energy": 64.415283, "activity_lines": [ 1.268044, 1.305728, 1.363116, 1.400902 ] }, { "date": "2024-01-26", "close": 1.206828, "volume": 2904173, "typical_volume": 1458488.6, "trend": 1.43418, "fair_value": 1.546828, "relative_strength": -15.987321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.262912, "energy": 68.221263, "activity_lines": [ 1.247639, 1.280764, 1.343336, 1.385736 ] }, { "date": "2024-02-02", "close": 1.206828, "volume": 2459921, "typical_volume": 1505621.3, "trend": 1.424209, "fair_value": 1.545787, "relative_strength": -16.098913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.15607, "energy": 75.067926, "activity_lines": [ 1.228982, 1.260253, 1.325013, 1.371068 ] }, { "date": "2024-02-09", "close": 1.119377, "volume": 3872380, "typical_volume": 1635871.3, "trend": 1.410478, "fair_value": 1.543663, "relative_strength": -21.376118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.78298, "energy": 84.502735, "activity_lines": [ 1.187006, 1.228453, 1.300068, 1.351402 ] }, { "date": "2024-02-16", "close": 1.101887, "volume": 2700388, "typical_volume": 1718166.3, "trend": 1.396446, "fair_value": 1.541759, "relative_strength": -21.359174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.255122, "energy": 89.169021, "activity_lines": [ 1.152025, 1.198401, 1.27554, 1.331492 ] }, { "date": "2024-02-23", "close": 1.101887, "volume": 4699635, "typical_volume": 1898098.65, "trend": 1.382131, "fair_value": 1.539855, "relative_strength": -20.989658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.384574, "energy": 86.389, "activity_lines": [ 1.126373, 1.174551, 1.253178, 1.312489 ] }, { "date": "2024-03-01", "close": 1.058161, "volume": 8991901, "typical_volume": 2310351.05, "trend": 1.366641, "fair_value": 1.537676, "relative_strength": -23.869549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.99531, "energy": 86.124165, "activity_lines": [ 1.09664, 1.147361, 1.228566, 1.291587 ] }, { "date": "2024-03-08", "close": 1.184513, "volume": 2896771, "typical_volume": 2414059.5, "trend": 1.356773, "fair_value": 1.536355, "relative_strength": -15.711921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.875431, "energy": 57.459137, "activity_lines": [ 1.118935, 1.146325, 1.218196, 1.279837 ] }, { "date": "2024-03-15", "close": 1.112177, "volume": 23256032, "typical_volume": 3502192.55, "trend": 1.34534, "fair_value": 1.534473, "relative_strength": -19.530285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.464617, "energy": 54.584922, "activity_lines": [ 1.118605, 1.134133, 1.202166, 1.264057 ] }, { "date": "2024-03-22", "close": 1.012714, "volume": 4818224, "typical_volume": 3683916.1, "trend": 1.330591, "fair_value": 1.532341, "relative_strength": -27.70771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.93326, "energy": 62.282028, "activity_lines": [ 1.085602, 1.107485, 1.177906, 1.242597 ] }, { "date": "2024-03-29", "close": 1.157387, "volume": 1961538, "typical_volume": 3733777.4, "trend": 1.318409, "fair_value": 1.53133, "relative_strength": -18.036662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.896144, "energy": 44.192966, "activity_lines": [ 1.106767, 1.111307, 1.169307, 1.231423 ] }, { "date": "2024-04-05", "close": 1.077793, "volume": 1734664, "typical_volume": 3753741.6, "trend": 1.303905, "fair_value": 1.529616, "relative_strength": -22.836231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.17433, "energy": 46.779475, "activity_lines": [ 1.097701, 1.10251, 1.154321, 1.215899 ] }, { "date": "2024-04-12", "close": 1.003672, "volume": 2361402, "typical_volume": 3830712.3, "trend": 1.285181, "fair_value": 1.527329, "relative_strength": -27.27978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.671149, "energy": 54.514645, "activity_lines": [ 1.06262, 1.082582, 1.134055, 1.196529 ] }, { "date": "2024-04-19", "close": 0.931335, "volume": 6646274, "typical_volume": 4089729.3, "trend": 1.264338, "fair_value": 1.52453, "relative_strength": -31.378277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.213981, "energy": 59.474958, "activity_lines": [ 1.015482, 1.053197, 1.109076, 1.1737 ] }, { "date": "2024-04-26", "close": 0.958461, "volume": 3157999, "typical_volume": 4200464.25, "trend": 1.244399, "fair_value": 1.521905, "relative_strength": -29.06847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.664018, "energy": 72.936312, "activity_lines": [ 0.989442, 1.032162, 1.088867, 1.153966 ] }, { "date": "2024-05-03", "close": 0.940377, "volume": 4720863, "typical_volume": 4327666.45, "trend": 1.225606, "fair_value": 1.518971, "relative_strength": -30.823902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.728271, "energy": 78.523316, "activity_lines": [ 0.960991, 1.010447, 1.069242, 1.134352 ] }, { "date": "2024-05-10", "close": 0.904209, "volume": 4278313, "typical_volume": 4377857.6, "trend": 1.205025, "fair_value": 1.515756, "relative_strength": -32.104558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.302635, "energy": 81.470882, "activity_lines": [ 0.934952, 0.985092, 1.048149, 1.113617 ] }, { "date": "2024-05-17", "close": 0.895167, "volume": 4369092, "typical_volume": 4548397.05, "trend": 1.186765, "fair_value": 1.512386, "relative_strength": -32.089939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.280794, "energy": 77.450476, "activity_lines": [ 0.917471, 0.960893, 1.027761, 1.093626 ] }, { "date": "2024-05-24", "close": 0.913251, "volume": 2577699, "typical_volume": 4626153.9, "trend": 1.171441, "fair_value": 1.508841, "relative_strength": -30.773291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.332671, "energy": 64.898092, "activity_lines": [ 0.913251, 0.945242, 1.010997, 1.07598 ] }, { "date": "2024-05-31", "close": 0.922293, "volume": 2005156, "typical_volume": 4650334.85, "trend": 1.155252, "fair_value": 1.505355, "relative_strength": -30.14759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.51291, "energy": 57.493327, "activity_lines": [ 0.913251, 0.934852, 0.99699, 1.059906 ] }, { "date": "2024-06-07", "close": 0.886124, "volume": 2507840, "typical_volume": 4646013.25, "trend": 1.137857, "fair_value": 1.501491, "relative_strength": -32.31201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.97856, "energy": 59.047195, "activity_lines": [ 0.903606, 0.919531, 0.981061, 1.042543 ] }, { "date": "2024-06-14", "close": 0.895167, "volume": 1925053, "typical_volume": 4597057.25, "trend": 1.119306, "fair_value": 1.497249, "relative_strength": -31.129412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.604279, "energy": 55.885081, "activity_lines": [ 0.900592, 0.910785, 0.96777, 1.026885 ] }, { "date": "2024-06-21", "close": 0.886124, "volume": 6323100, "typical_volume": 4790216.2, "trend": 1.100162, "fair_value": 1.493095, "relative_strength": -30.250307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.383285, "energy": 57.668144, "activity_lines": [ 0.895166, 0.903715, 0.955102, 1.011841 ] }, { "date": "2024-06-28", "close": 0.895167, "volume": 1426495, "typical_volume": 4667921.95, "trend": 1.083652, "fair_value": 1.488708, "relative_strength": -29.194546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.093507, "energy": 63.775391, "activity_lines": [ 0.893358, 0.900428, 0.944823, 0.998616 ] }, { "date": "2024-07-05", "close": 0.886124, "volume": 2658226, "typical_volume": 4665813.85, "trend": 1.065091, "fair_value": 1.484553, "relative_strength": -29.736282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.34899, "energy": 68.722887, "activity_lines": [ 0.889741, 0.896153, 0.934749, 0.985872 ] }, { "date": "2024-07-12", "close": 0.886124, "volume": 3132725, "typical_volume": 4587468.35, "trend": 1.049446, "fair_value": 1.480496, "relative_strength": -31.030507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.255439, "energy": 71.521571, "activity_lines": [ 0.888535, 0.893194, 0.925703, 0.974326 ] }, { "date": "2024-07-19", "close": 0.931335, "volume": 7587969, "typical_volume": 4517271.75, "trend": 1.039388, "fair_value": 1.476583, "relative_strength": -27.952544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.664944, "energy": 44.742635, "activity_lines": [ 0.9024, 0.899441, 0.921991, 0.966706 ] }, { "date": "2024-07-26", "close": 0.994629, "volume": 12027152, "typical_volume": 4973790.8, "trend": 1.0294, "fair_value": 1.473027, "relative_strength": -22.528148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.74072, "energy": 17.596856, "activity_lines": [ 0.934951, 0.916703, 0.92491, 0.963818 ] }, { "date": "2024-08-02", "close": 0.985587, "volume": 4420150, "typical_volume": 4031996.7, "trend": 1.018527, "fair_value": 1.469025, "relative_strength": -23.183664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.40353, "energy": 18.565681, "activity_lines": [ 0.957255, 0.930513, 0.927873, 0.960991 ] }, { "date": "2024-08-09", "close": 0.949419, "volume": 2518564, "typical_volume": 3917013.7, "trend": 1.008781, "fair_value": 1.464841, "relative_strength": -24.062138, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.671414, "energy": 25.312678, "activity_lines": [ 0.961475, 0.936431, 0.927993, 0.956533 ] }, { "date": "2024-08-16", "close": 1.012714, "volume": 5050904, "typical_volume": 4071482.0, "trend": 1.000561, "fair_value": 1.460868, "relative_strength": -21.404366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 16.026687, "energy": 33.100767, "activity_lines": [ 0.982573, 0.953365, 0.934443, 0.956786 ] }, { "date": "2024-08-23", "close": 1.012714, "volume": 3550113, "typical_volume": 4162254.45, "trend": 0.994091, "fair_value": 1.456411, "relative_strength": -19.45904, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.946986, "energy": 43.270161, "activity_lines": [ 0.995232, 0.967996, 0.941583, 0.957571 ] }, { "date": "2024-08-30", "close": 0.976545, "volume": 6323255, "typical_volume": 4360347.1, "trend": 0.986414, "fair_value": 1.451094, "relative_strength": -21.010023, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.199544, "energy": 30.254948, "activity_lines": [ 0.99041, 0.973915, 0.945587, 0.956439 ] }, { "date": "2024-09-06", "close": 1.003672, "volume": 5034502, "typical_volume": 4279758.5, "trend": 0.982558, "fair_value": 1.44635, "relative_strength": -19.052488, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.325407, "energy": 31.599492, "activity_lines": [ 0.995835, 0.983121, 0.952304, 0.957552 ] }, { "date": "2024-09-13", "close": 0.985085, "volume": 1277340, "typical_volume": 4185725.55, "trend": 0.978664, "fair_value": 1.440839, "relative_strength": -20.948953, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.867581, "energy": 21.765336, "activity_lines": [ 0.993859, 0.986976, 0.956906, 0.957715 ] }, { "date": "2024-09-20", "close": 0.947912, "volume": 3168245, "typical_volume": 4108094.65, "trend": 0.973532, "fair_value": 1.435488, "relative_strength": -20.818604, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.903614, "energy": 8.286711, "activity_lines": [ 0.977115, 0.982272, 0.957842, 0.955731 ] }, { "date": "2024-09-27", "close": 0.938619, "volume": 1863754, "typical_volume": 3987366.7, "trend": 0.969547, "fair_value": 1.429928, "relative_strength": -20.466467, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.634619, "energy": 7.17775, "activity_lines": [ 0.961592, 0.974755, 0.957856, 0.953479 ] }, { "date": "2024-10-04", "close": 0.957205, "volume": 1850145, "typical_volume": 3861419.35, "trend": 0.96197, "fair_value": 1.424538, "relative_strength": -18.992009, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.966577, "energy": 10.129027, "activity_lines": [ 0.957205, 0.970485, 0.959477, 0.952682 ] }, { "date": "2024-10-11", "close": 0.975792, "volume": 1904162, "typical_volume": 3827742.5, "trend": 0.957424, "fair_value": 1.419166, "relative_strength": -17.872947, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.588953, "energy": 9.564934, "activity_lines": [ 0.960303, 0.970275, 0.962572, 0.953574 ] }, { "date": "2024-10-18", "close": 0.975792, "volume": 2524820, "typical_volume": 3853725.7, "trend": 0.956193, "fair_value": 1.413695, "relative_strength": -16.779312, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.882432, "energy": 6.32588, "activity_lines": [ 0.96526, 0.970243, 0.965369, 0.954759 ] }, { "date": "2024-10-25", "close": 0.966498, "volume": 2133027, "typical_volume": 3834985.05, "trend": 0.94983, "fair_value": 1.408164, "relative_strength": -16.322102, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.00197, "energy": 14.133505, "activity_lines": [ 0.967738, 0.968042, 0.967027, 0.955424 ] }, { "date": "2024-11-01", "close": 0.938619, "volume": 2312830, "typical_volume": 3854373.9, "trend": 0.945191, "fair_value": 1.402904, "relative_strength": -16.439893, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.033161, "energy": 5.951174, "activity_lines": [ 0.959683, 0.961612, 0.965647, 0.954701 ] }, { "date": "2024-11-08", "close": 0.929325, "volume": 4561133, "typical_volume": 3766275.55, "trend": 0.942713, "fair_value": 1.397135, "relative_strength": -17.685709, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.627667, "energy": 8.034863, "activity_lines": [ 0.948531, 0.95484, 0.963175, 0.953677 ] }, { "date": "2024-11-15", "close": 0.901446, "volume": 3496736, "typical_volume": 3869787.6, "trend": 0.941717, "fair_value": 1.391436, "relative_strength": -18.575438, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.831725, "energy": 33.957012, "activity_lines": [ 0.929945, 0.943857, 0.957842, 0.951015 ] }, { "date": "2024-11-22", "close": 0.920032, "volume": 3099827, "typical_volume": 3891867.65, "trend": 0.940436, "fair_value": 1.386007, "relative_strength": -18.093755, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.919392, "energy": 40.015107, "activity_lines": [ 0.92251, 0.938112, 0.954249, 0.949616 ] }, { "date": "2024-11-29", "close": 0.910739, "volume": 4168135, "typical_volume": 3943638.15, "trend": 0.939448, "fair_value": 1.380368, "relative_strength": -18.114193, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.18545, "energy": 49.318313, "activity_lines": [ 0.915695, 0.93186, 0.949609, 0.9477 ] }, { "date": "2024-12-06", "close": 0.901446, "volume": 2968310, "typical_volume": 3712655.2, "trend": 0.939356, "fair_value": 1.37447, "relative_strength": -16.27836, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.511122, "energy": 55.141274, "activity_lines": [ 0.9095, 0.924594, 0.943967, 0.945248 ] }, { "date": "2024-12-13", "close": 0.901446, "volume": 4196221, "typical_volume": 3321108.65, "trend": 0.939565, "fair_value": 1.368622, "relative_strength": -15.007485, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.846847, "energy": 49.601447, "activity_lines": [ 0.905783, 0.918005, 0.938468, 0.942802 ] }, { "date": "2024-12-20", "close": 0.901446, "volume": 3540499, "typical_volume": 3277126.1, "trend": 0.939171, "fair_value": 1.362724, "relative_strength": -15.286731, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.677031, "energy": 46.321094, "activity_lines": [ 0.903924, 0.912429, 0.933412, 0.940343 ] }, { "date": "2024-12-27", "close": 0.920032, "volume": 474989, "typical_volume": 3174947.35, "trend": 0.939096, "fair_value": 1.356047, "relative_strength": -14.709512, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.28173, "energy": 32.591037, "activity_lines": [ 0.908261, 0.911584, 0.930528, 0.939108 ] }, { "date": "2025-01-03", "close": 0.929325, "volume": 969923, "typical_volume": 2970898.3, "trend": 0.940536, "fair_value": 1.34928, "relative_strength": -12.104207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.309979, "energy": 26.8654, "activity_lines": [ 0.915695, 0.913442, 0.928668, 0.938478 ] }, { "date": "2025-01-10", "close": 0.929325, "volume": 2264549, "typical_volume": 2906620.1, "trend": 0.941675, "fair_value": 1.342513, "relative_strength": -10.236161, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.538077, "energy": 18.932997, "activity_lines": [ 0.921891, 0.915977, 0.927205, 0.937754 ] }, { "date": "2025-01-17", "close": 0.938619, "volume": 2884504, "typical_volume": 2734682.55, "trend": 0.943424, "fair_value": 1.336454, "relative_strength": -10.172694, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.900344, "energy": 20.084186, "activity_lines": [ 0.929325, 0.92037, 0.927024, 0.937557 ] }, { "date": "2025-01-24", "close": 0.957205, "volume": 1759988, "typical_volume": 2570956.85, "trend": 0.945492, "fair_value": 1.330864, "relative_strength": -7.018165, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.007374, "energy": 16.406422, "activity_lines": [ 0.940477, 0.927974, 0.928794, 0.938446 ] }, { "date": "2025-01-31", "close": 1.003672, "volume": 1712952, "typical_volume": 2592737.45, "trend": 0.949411, "fair_value": 1.325222, "relative_strength": -1.709771, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.169256, "energy": 43.731316, "activity_lines": [ 0.963401, 0.943012, 0.935211, 0.9422 ] }, { "date": "2025-02-07", "close": 1.059431, "volume": 9453836, "typical_volume": 2907017.0, "trend": 0.955188, "fair_value": 1.319788, "relative_strength": 4.811268, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.231975, "energy": 73.130581, "activity_lines": [ 0.999335, 0.966667, 0.94685, 0.949298 ] }, { "date": "2025-02-14", "close": 1.003672, "volume": 4087827, "typical_volume": 3018220.65, "trend": 0.957599, "fair_value": 1.314296, "relative_strength": -0.963776, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.386772, "energy": 67.844787, "activity_lines": [ 1.008009, 0.977482, 0.952647, 0.952426 ] }, { "date": "2025-02-21", "close": 0.808513, "volume": 7199830, "typical_volume": 3285704.9, "trend": 0.951395, "fair_value": 1.308152, "relative_strength": -18.1228, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -46.370379, "energy": 24.270189, "activity_lines": [ 0.946673, 0.950953, 0.939548, 0.942808 ] }, { "date": "2025-02-28", "close": 0.789927, "volume": 3988600, "typical_volume": 3389926.8, "trend": 0.944873, "fair_value": 1.301716, "relative_strength": -18.490463, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.865918, "energy": 47.036834, "activity_lines": [ 0.887816, 0.922736, 0.925387, 0.93239 ] }, { "date": "2025-03-07", "close": 0.780409, "volume": 4847250, "typical_volume": 3506048.3, "trend": 0.939239, "fair_value": 1.296139, "relative_strength": -17.411288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.315445, "energy": 66.601173, "activity_lines": [ 0.836938, 0.894815, 0.911204, 0.92178 ] }, { "date": "2025-03-14", "close": 0.751858, "volume": 3797597, "typical_volume": 3589276.8, "trend": 0.930544, "fair_value": 1.289254, "relative_strength": -18.886573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.598593, "energy": 86.30794, "activity_lines": [ 0.791427, 0.864242, 0.895233, 0.909691 ] }, { "date": "2025-03-21", "close": 0.761375, "volume": 4321089, "typical_volume": 3689689.75, "trend": 0.922166, "fair_value": 1.28284, "relative_strength": -16.362669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.99991, "energy": 88.34949, "activity_lines": [ 0.769593, 0.838626, 0.88119, 0.898777 ] }, { "date": "2025-03-28", "close": 0.732824, "volume": 2606528, "typical_volume": 3591959.5, "trend": 0.914042, "fair_value": 1.275885, "relative_strength": -19.901152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.410297, "energy": 90.218932, "activity_lines": [ 0.754396, 0.810873, 0.865272, 0.886561 ] }, { "date": "2025-04-04", "close": 0.713789, "volume": 3897088, "typical_volume": 3611977.1, "trend": 0.904379, "fair_value": 1.268347, "relative_strength": -20.945029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.927552, "energy": 88.016867, "activity_lines": [ 0.737899, 0.7834, 0.848477, 0.873641 ] }, { "date": "2025-04-11", "close": 0.694755, "volume": 3154626, "typical_volume": 3614717.05, "trend": 0.894702, "fair_value": 1.260944, "relative_strength": -21.19332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.689462, "energy": 77.022967, "activity_lines": [ 0.720134, 0.756892, 0.830763, 0.860117 ] }, { "date": "2025-04-18", "close": 0.732824, "volume": 4530225, "typical_volume": 3632821.55, "trend": 0.887532, "fair_value": 1.253631, "relative_strength": -17.158627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.941273, "energy": 60.390354, "activity_lines": [ 0.720769, 0.742923, 0.817747, 0.849673 ] }, { "date": "2025-04-25", "close": 0.732824, "volume": 1551260, "typical_volume": 3561969.05, "trend": 0.880672, "fair_value": 1.246573, "relative_strength": -16.014142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.840184, "energy": 57.338762, "activity_lines": [ 0.722672, 0.734892, 0.805579, 0.839692 ] }, { "date": "2025-05-02", "close": 0.742341, "volume": 2531388, "typical_volume": 3478727.4, "trend": 0.87351, "fair_value": 1.23973, "relative_strength": -16.653525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.740125, "energy": 51.570949, "activity_lines": [ 0.729651, 0.733516, 0.795119, 0.830768 ] }, { "date": "2025-05-09", "close": 0.742341, "volume": 2524512, "typical_volume": 3427928.05, "trend": 0.865728, "fair_value": 1.23304, "relative_strength": -18.093245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.759477, "energy": 41.325683, "activity_lines": [ 0.735996, 0.733343, 0.785418, 0.822305 ] }, { "date": "2025-05-16", "close": 0.818478, "volume": 4104029, "typical_volume": 3609380.05, "trend": 0.860485, "fair_value": 1.227196, "relative_strength": -10.677348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.541806, "energy": 25.973372, "activity_lines": [ 0.765817, 0.747878, 0.783725, 0.819257 ] }, { "date": "2025-05-23", "close": 0.742341, "volume": 4140913, "typical_volume": 3767929.55, "trend": 0.853013, "fair_value": 1.221069, "relative_strength": -17.350646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.102853, "energy": 26.913528, "activity_lines": [ 0.76201, 0.747878, 0.775264, 0.811635 ] }, { "date": "2025-05-30", "close": 0.751858, "volume": 2975255, "typical_volume": 3803464.85, "trend": 0.846787, "fair_value": 1.215257, "relative_strength": -14.698743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.490166, "energy": 24.576603, "activity_lines": [ 0.760741, 0.749782, 0.768601, 0.805109 ] }, { "date": "2025-06-06", "close": 0.742341, "volume": 3522475, "typical_volume": 3835363.4, "trend": 0.840554, "fair_value": 1.210203, "relative_strength": -16.393247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.466454, "energy": 26.089014, "activity_lines": [ 0.75503, 0.750128, 0.761876, 0.79837 ] }, { "date": "2025-06-13", "close": 0.770892, "volume": 2632053, "typical_volume": 3878966.65, "trend": 0.836203, "fair_value": 1.205587, "relative_strength": -12.771146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.180299, "energy": 29.050268, "activity_lines": [ 0.758837, 0.755492, 0.758805, 0.793876 ] }, { "date": "2025-06-20", "close": 0.799444, "volume": 2780681, "typical_volume": 3932353.1, "trend": 0.832183, "fair_value": 1.20095, "relative_strength": -9.353601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.046432, "energy": 14.325303, "activity_lines": [ 0.770258, 0.765009, 0.75934, 0.791504 ] }, { "date": "2025-06-27", "close": 0.732824, "volume": 12653918, "typical_volume": 4092357.2, "trend": 0.826253, "fair_value": 1.195886, "relative_strength": -16.588298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.603908, "energy": 21.30328, "activity_lines": [ 0.760741, 0.76051, 0.754503, 0.785094 ] }, { "date": "2025-07-04", "close": 0.770892, "volume": 2778365, "typical_volume": 4026884.1, "trend": 0.821901, "fair_value": 1.190861, "relative_strength": -13.160452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.083687, "energy": 12.420415, "activity_lines": [ 0.764548, 0.762933, 0.754847, 0.781522 ] }, { "date": "2025-07-11", "close": 0.770892, "volume": 3160157, "typical_volume": 3824900.45, "trend": 0.817549, "fair_value": 1.18553, "relative_strength": -12.316135, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.945806, "energy": 11.358264, "activity_lines": [ 0.767085, 0.764663, 0.756299, 0.778231 ] }, { "date": "2025-07-18", "close": 0.761375, "volume": 4632829, "typical_volume": 3857111.9, "trend": 0.81288, "fair_value": 1.179678, "relative_strength": -14.309943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.896467, "energy": 15.766885, "activity_lines": [ 0.764547, 0.764144, 0.757024, 0.774607 ] }, { "date": "2025-07-25", "close": 0.761375, "volume": 2137818, "typical_volume": 3721640.3, "trend": 0.807591, "fair_value": 1.173928, "relative_strength": -13.617276, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.20054, "energy": 13.730687, "activity_lines": [ 0.762644, 0.763278, 0.757886, 0.771284 ] }, { "date": "2025-08-01", "close": 0.770892, "volume": 2302689, "typical_volume": 3646894.9, "trend": 0.80231, "fair_value": 1.168238, "relative_strength": -11.222417, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.524114, "energy": 8.357229, "activity_lines": [ 0.766451, 0.765182, 0.759744, 0.768917 ] }, { "date": "2025-08-08", "close": 0.761375, "volume": 2795028, "typical_volume": 3570591.85, "trend": 0.796712, "fair_value": 1.162131, "relative_strength": -12.655154, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.99414, "energy": 12.09989, "activity_lines": [ 0.764547, 0.764836, 0.760605, 0.766276 ] }, { "date": "2025-08-15", "close": 0.770892, "volume": 2913218, "typical_volume": 3585926.35, "trend": 0.791121, "fair_value": 1.156033, "relative_strength": -11.374172, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.995033, "energy": 5.041149, "activity_lines": [ 0.766451, 0.766047, 0.762372, 0.76461 ] }, { "date": "2025-08-22", "close": 0.856547, "volume": 4935334, "typical_volume": 3637838.65, "trend": 0.787766, "fair_value": 1.151739, "relative_strength": -2.262858, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.355753, "energy": 52.998151, "activity_lines": [ 0.796906, 0.782313, 0.772116, 0.768831 ] }, { "date": "2025-08-29", "close": 0.875581, "volume": 5487149, "typical_volume": 3754464.8, "trend": 0.783496, "fair_value": 1.147883, "relative_strength": 1.085311, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.050472, "energy": 71.093353, "activity_lines": [ 0.827361, 0.800482, 0.782993, 0.774496 ] }, { "date": "2025-09-05", "close": 0.924225, "volume": 2186089, "typical_volume": 3637258.0, "trend": 0.778989, "fair_value": 1.144181, "relative_strength": 4.628963, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 91.819516, "energy": 93.668915, "activity_lines": [ 0.866417, 0.826111, 0.797641, 0.783576 ] }, { "date": "2025-09-12", "close": 0.948547, "volume": 3118924, "typical_volume": 3715641.2, "trend": 0.777152, "fair_value": 1.14074, "relative_strength": 7.503405, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.439696, "energy": 96.243232, "activity_lines": [ 0.903358, 0.852682, 0.813694, 0.794515 ] }, { "date": "2025-09-19", "close": 0.929089, "volume": 2897788, "typical_volume": 3733961.2, "trend": 0.781171, "fair_value": 1.137437, "relative_strength": 5.442908, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.753019, "energy": 90.819059, "activity_lines": [ 0.921334, 0.872486, 0.826867, 0.804317 ] }, { "date": "2025-09-26", "close": 0.987461, "volume": 5107973, "typical_volume": 3863134.25, "trend": 0.787755, "fair_value": 1.135034, "relative_strength": 13.09378, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.727333, "energy": 96.513398, "activity_lines": [ 0.948222, 0.900026, 0.84471, 0.817626 ] }, { "date": "2025-10-03", "close": 1.050698, "volume": 4103223, "typical_volume": 3863093.95, "trend": 0.796765, "fair_value": 1.132722, "relative_strength": 16.689476, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.675596, "energy": 98.240107, "activity_lines": [ 0.987461, 0.934953, 0.867409, 0.83459 ] }, { "date": "2025-10-10", "close": 1.070155, "volume": 3842167, "typical_volume": 3848156.65, "trend": 0.807375, "fair_value": 1.130902, "relative_strength": 19.143255, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.496567, "energy": 96.393865, "activity_lines": [ 1.021512, 0.968158, 0.890854, 0.852228 ] }, { "date": "2025-10-17", "close": 1.055562, "volume": 2352334, "typical_volume": 3817010.6, "trend": 0.817181, "fair_value": 1.128462, "relative_strength": 18.978578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.674996, "energy": 90.430946, "activity_lines": [ 1.040969, 0.993268, 0.911349, 0.868241 ] }, { "date": "2025-10-24", "close": 1.065291, "volume": 3865572, "typical_volume": 3834165.45, "trend": 0.828263, "fair_value": 1.126348, "relative_strength": 19.024389, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.331622, "energy": 77.477141, "activity_lines": [ 1.056535, 1.014798, 0.931324, 0.884248 ] }, { "date": "2025-10-31", "close": 1.055562, "volume": 1321350, "typical_volume": 3768630.3, "trend": 0.839656, "fair_value": 1.124119, "relative_strength": 16.466616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.214359, "energy": 68.007922, "activity_lines": [ 1.059778, 1.029206, 0.948835, 0.898912 ] }, { "date": "2025-11-07", "close": 1.060426, "volume": 3231060, "typical_volume": 3791149.25, "trend": 0.851845, "fair_value": 1.121553, "relative_strength": 16.391301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.714248, "energy": 66.529956, "activity_lines": [ 1.060102, 1.040881, 0.965453, 0.913155 ] }, { "date": "2025-11-14", "close": 1.040969, "volume": 3669274, "typical_volume": 3341917.05, "trend": 0.862116, "fair_value": 1.118915, "relative_strength": 15.192587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.934288, "energy": 63.115149, "activity_lines": [ 1.053292, 1.045656, 0.978975, 0.925357 ] }, { "date": "2025-11-21", "close": 1.045833, "volume": 3125851, "typical_volume": 3359291.35, "trend": 0.87255, "fair_value": 1.115993, "relative_strength": 15.87407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.480088, "energy": 60.033231, "activity_lines": [ 1.050049, 1.049194, 0.991494, 0.93721 ] }, { "date": "2025-11-28", "close": 1.079884, "volume": 3091967, "typical_volume": 3355881.85, "trend": 0.883801, "fair_value": 1.113236, "relative_strength": 18.676647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.505951, "energy": 63.984362, "activity_lines": [ 1.058805, 1.057154, 1.005946, 0.950586 ] }, { "date": "2025-12-05", "close": 1.084748, "volume": 4151616, "typical_volume": 3331821.2, "trend": 0.895215, "fair_value": 1.110562, "relative_strength": 18.915282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.281748, "energy": 63.219412, "activity_lines": [ 1.068209, 1.063256, 1.01939, 0.96355 ] }, { "date": "2025-12-12", "close": 1.089612, "volume": 2481308, "typical_volume": 3348995.7, "trend": 0.904253, "fair_value": 1.107868, "relative_strength": 19.774525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.982735, "energy": 64.352666, "activity_lines": [ 1.077289, 1.068475, 1.031757, 0.976092 ] }, { "date": "2025-12-19", "close": 1.089612, "volume": 4837863, "typical_volume": 3475754.4, "trend": 0.915828, "fair_value": 1.105384, "relative_strength": 20.031301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.754486, "energy": 61.59818, "activity_lines": [ 1.084424, 1.072985, 1.042561, 0.988051 ] }, { "date": "2025-12-26", "close": 1.10907, "volume": 1827626, "typical_volume": 3427384.3, "trend": 0.927736, "fair_value": 1.103024, "relative_strength": 19.990847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.390655, "energy": 64.978205, "activity_lines": [ 1.094801, 1.08068, 1.053701, 1.000518 ] }, { "date": "2026-01-02", "close": 1.138256, "volume": 906712, "typical_volume": 3327059.0, "trend": 0.940933, "fair_value": 1.100852, "relative_strength": 22.527657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.979892, "energy": 72.038196, "activity_lines": [ 1.110691, 1.092708, 1.065964, 1.0141 ] }, { "date": "2026-01-09", "close": 1.147984, "volume": 1918474, "typical_volume": 3176216.0, "trend": 0.953502, "fair_value": 1.098637, "relative_strength": 21.839365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.774276, "energy": 82.846395, "activity_lines": [ 1.125933, 1.105178, 1.077405, 1.027458 ] }, { "date": "2026-01-16", "close": 1.172306, "volume": 5690223, "typical_volume": 3186369.7, "trend": 0.965931, "fair_value": 1.096472, "relative_strength": 23.739246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.03224, "energy": 88.852149, "activity_lines": [ 1.145066, 1.12039, 1.089774, 1.041574 ] }, { "date": "2026-01-23", "close": 1.201492, "volume": 4833727, "typical_volume": 3318751.6, "trend": 0.981553, "fair_value": 1.0946, "relative_strength": 28.796259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.438311, "energy": 92.953092, "activity_lines": [ 1.168415, 1.138875, 1.10351, 1.056772 ] }, { "date": "2026-01-30", "close": 1.172306, "volume": 4090605, "typical_volume": 3367335.65, "trend": 0.994934, "fair_value": 1.092541, "relative_strength": 25.550703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.556282, "energy": 75.044573, "activity_lines": [ 1.174576, 1.149134, 1.113146, 1.069078 ] }, { "date": "2026-02-06", "close": 1.201492, "volume": 3355222, "typical_volume": 3390207.35, "trend": 1.009287, "fair_value": 1.090669, "relative_strength": 28.219718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.13018, "energy": 68.882883, "activity_lines": [ 1.18625, 1.1624, 1.124497, 1.082405 ] }, { "date": "2026-02-13", "close": 1.206357, "volume": 4569935, "typical_volume": 3363305.45, "trend": 1.02412, "fair_value": 1.089038, "relative_strength": 30.62751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.754425, "energy": 67.497828, "activity_lines": [ 1.195331, 1.17434, 1.135013, 1.095119 ] }, { "date": "2026-02-20", "close": 1.196628, "volume": 3623984, "typical_volume": 3339343.5, "trend": 1.038628, "fair_value": 1.087503, "relative_strength": 27.570129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.180661, "energy": 59.996167, "activity_lines": [ 1.197277, 1.1823, 1.14356, 1.106248 ] }, { "date": "2026-02-27", "close": 1.250136, "volume": 4221371, "typical_volume": 3358303.7, "trend": 1.054603, "fair_value": 1.0861, "relative_strength": 28.255198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.623118, "energy": 66.773896, "activity_lines": [ 1.215437, 1.198043, 1.156509, 1.119894 ] }, { "date": "2026-03-06", "close": 1.28, "volume": 4679620, "typical_volume": 3474668.0, "trend": 1.071891, "fair_value": 1.084923, "relative_strength": 32.161093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.895096, "energy": 70.278171, "activity_lines": [ 1.240309, 1.216297, 1.171444, 1.134436 ] }, { "date": "2026-03-13", "close": 1.27, "volume": 2716465, "typical_volume": 3417212.65, "trend": 1.088528, "fair_value": 1.084387, "relative_strength": 33.178326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.915345, "energy": 66.676938, "activity_lines": [ 1.254668, 1.229625, 1.184359, 1.147217 ] }, { "date": "2026-03-20", "close": 1.235, "volume": 32868651, "typical_volume": 4994577.7, "trend": 1.101143, "fair_value": 1.08406, "relative_strength": 30.358611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.440129, "energy": 59.632403, "activity_lines": [ 1.252793, 1.234194, 1.192965, 1.156667 ] }, { "date": "2026-03-27", "close": 1.19, "volume": 2797527, "typical_volume": 4972901.05, "trend": 1.111623, "fair_value": 1.083228, "relative_strength": 25.071841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.245222, "energy": 47.78087, "activity_lines": [ 1.234009, 1.228999, 1.196431, 1.1624 ] }, { "date": "2026-04-03", "close": 1.175, "volume": 3073033, "typical_volume": 4943089.0, "trend": 1.119983, "fair_value": 1.082463, "relative_strength": 22.764417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.161435, "energy": 27.646607, "activity_lines": [ 1.210667, 1.220756, 1.197852, 1.166488 ] }, { "date": "2026-04-10", "close": 1.15, "volume": 2716614, "typical_volume": 4922627.15, "trend": 1.126698, "fair_value": 1.081049, "relative_strength": 16.715849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.385761, "energy": 21.087126, "activity_lines": [ 1.184, 1.208448, 1.196253, 1.168425 ] }, { "date": "2026-04-17", "close": 1.14, "volume": 3354010, "typical_volume": 4935729.3, "trend": 1.133728, "fair_value": 1.079842, "relative_strength": 17.332131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.926049, "energy": 21.863098, "activity_lines": [ 1.162667, 1.194728, 1.193206, 1.169283 ] }, { "date": "2026-04-24", "close": 1.135, "volume": 2511261, "typical_volume": 4853711.55, "trend": 1.138646, "fair_value": 1.078494, "relative_strength": 16.289021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.572842, "energy": 23.059421, "activity_lines": [ 1.148333, 1.181216, 1.189396, 1.169365 ] }, { "date": "2026-05-01", "close": 1.14, "volume": 4664378, "typical_volume": 4962865.05, "trend": 1.141623, "fair_value": 1.07745, "relative_strength": 14.539231, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.117677, "energy": 22.804544, "activity_lines": [ 1.142333, 1.169912, 1.185824, 1.169453 ] }, { "date": "2026-05-08", "close": 1.12, "volume": 3705654, "typical_volume": 4906254.6, "trend": 1.143284, "fair_value": 1.076441, "relative_strength": 10.640795, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.226977, "energy": 43.488995, "activity_lines": [ 1.133, 1.156, 1.180107, 1.168058 ] }, { "date": "2026-05-15", "close": 1.07, "volume": 4073574, "typical_volume": 5018552.0, "trend": 1.143765, "fair_value": 1.074839, "relative_strength": 6.918927, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.047751, "energy": 55.43069, "activity_lines": [ 1.110667, 1.135364, 1.169483, 1.16333 ] }, { "date": "2026-05-22", "close": 1.09, "volume": 4389024, "typical_volume": 5192667.6, "trend": 1.144589, "fair_value": 1.073149, "relative_strength": 8.024899, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.244624, "energy": 48.312074, "activity_lines": [ 1.100333, 1.122182, 1.160949, 1.159861 ] }, { "date": "2026-05-29", "close": 1.14, "volume": 6071150, "typical_volume": 5400301.4, "trend": 1.147404, "fair_value": 1.07178, "relative_strength": 10.123794, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.658953, "energy": 35.612082, "activity_lines": [ 1.11, 1.121364, 1.157408, 1.159565 ] }, { "date": "2026-06-05", "close": 1.23, "volume": 760113, "typical_volume": 5153795.9, "trend": 1.153056, "fair_value": 1.07077, "relative_strength": 18.560829, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 9.909974, "energy": 9.791729, "activity_lines": [ 1.149333, 1.138636, 1.162476, 1.164894 ] }, { "date": "2026-06-12", "close": 1.235, "volume": 1073300, "typical_volume": 4965774.55, "trend": 1.159524, "fair_value": 1.069576, "relative_strength": 16.109324, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.052366, "energy": 23.203344, "activity_lines": [ 1.184333, 1.156091, 1.167745, 1.17018 ] }, { "date": "2026-06-19", "close": 1.23, "volume": 790929, "typical_volume": 4800790.75, "trend": 1.165663, "fair_value": 1.06862, "relative_strength": 14.007076, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.220029, "energy": 39.916683, "activity_lines": [ 1.21, 1.171545, 1.172379, 1.174727 ] }, { "date": "2026-06-26", "close": 1.205, "volume": 1003271, "typical_volume": 4683193.2, "trend": 1.169833, "fair_value": 1.067125, "relative_strength": 10.864891, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 46.611877, "energy": 43.799028, "activity_lines": [ 1.216667, 1.181, 1.174357, 1.177265 ] }, { "date": "2026-07-03", "close": 1.23, "volume": 78730, "typical_volume": 4458632.95, "trend": 1.174675, "fair_value": 1.065356, "relative_strength": 11.345538, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 52.869773, "energy": 60.251085, "activity_lines": [ 1.224, 1.193818, 1.1787, 1.181147 ] }, { "date": "2026-07-10", "close": 1.21, "volume": 1357052, "typical_volume": 4345286.35, "trend": 1.178688, "fair_value": 1.063296, "relative_strength": 7.517698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.753668, "energy": 48.660633, "activity_lines": [ 1.218667, 1.201273, 1.181024, 1.183426 ] }, { "date": "2026-07-17", "close": 1.22, "volume": 1739719, "typical_volume": 4221203.75, "trend": 1.183034, "fair_value": 1.061355, "relative_strength": 8.361397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.656598, "energy": 31.950192, "activity_lines": [ 1.218, 1.209273, 1.184238, 1.186091 ] }, { "date": "2026-07-24", "close": 1.25, "volume": 2073876, "typical_volume": 4090916.55, "trend": 1.187732, "fair_value": 1.059552, "relative_strength": 9.592151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.790444, "energy": 40.251653, "activity_lines": [ 1.228333, 1.220909, 1.190452, 1.190411 ] }, { "date": "2026-07-31", "close": 1.24, "volume": 1826303, "typical_volume": 4046408.45, "trend": 1.191123, "fair_value": 1.057738, "relative_strength": 8.539818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.080207, "energy": 37.748072, "activity_lines": [ 1.234, 1.227455, 1.195857, 1.193784 ] }, { "date": "2026-08-07", "close": 1.205, "volume": 1868838, "typical_volume": 2496417.8, "trend": 1.193024, "fair_value": 1.055972, "relative_strength": 3.855648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.815937, "energy": 32.208536, "activity_lines": [ 1.225667, 1.224909, 1.198071, 1.194679 ] } ], "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." } } }