{ "ticker": { "uuid": "a6a819ae-b653-41c8-95a9-7694cdd560e8", "symbol": "CIG", "name": "Companhia Energetica de Minas Gerais CEMIG Pref ADR", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -40.354, "architecture_energy": 19.245, "architecture_maturity": 15.222, "architecture_confidence": 61.496, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 52.82, "rotation_up": 24.94, "upward_expansion": 18.03, "deceleration": 40.28, "rotation_down": 27.48, "downward_expansion": 54.36 }, "activity_lines": [ 2.142, 2.126864, 2.162199, 2.191025 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 2.1, "trend_reference": 2.194106, "distance_from_trend": -0.042891, "trend_direction": "Improving", "fair_value": 1.706936, "distance_from_fair_value": 0.230275, "fair_value_direction": "Weakening", "relative_strength": -9.266647, "relative_strength_direction": "Weakening", "price_momentum": 0.020709, "excess_performance": -0.104916, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.042891, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.027444, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.230275, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.170443, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.092666, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.144155, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.020709, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.590425, "read": "Supply-led" } ], "volume": { "latest": 21414604, "relative_activity": 0.696577, "balance": 0.590425, "dry_up": 0.789286, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.055053, "annualized_volatility": 0.31032, "from_high_reference": -0.222922, "from_low_reference": 0.225721 }, "levels": { "trend_reference": 2.194106, "fair_value_reference": 1.706936, "structural_low": 1.984302, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.028683, "positive_rate": 0.722222, "directional_follow_through": 0.722222, "median_excess_return": 0.038956, "regime_survival": 0.555556, "best_return": 0.090909, "worst_return": -0.151163, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.028285, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.013572, "regime_survival": 0.285714, "best_return": 0.217346, "worst_return": -0.062015, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.13285, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.030252, "regime_survival": 0.2, "best_return": 0.221439, "worst_return": 0.058923, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.374432, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.129999, "regime_survival": 0.25, "best_return": 0.739071, "worst_return": 0.112733, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.105883, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": -0.004132, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-08-01", "tenure": "Developing", "return": 0.008273, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-08-15", "tenure": "New", "return": 0.010362, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-10-17", "tenure": "Developing", "return": 0.030076, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.060913, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.059908, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": 0.144217, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-05-15", "tenure": "Established", "return": 0.038209, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": -0.054299, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-07-03", "tenure": "New", "return": 0.040423, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": -0.027273, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.014085, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.361012, "volume": 53175716, "typical_volume": 19342639.4, "trend": 1.324942, "fair_value": 0.916532, "relative_strength": 0.353931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.892265, "energy": 17.965929, "activity_lines": [ 1.411165, 1.440873, 1.432051, 1.389656 ] }, { "date": "2023-08-25", "close": 1.424181, "volume": 37493397, "typical_volume": 20310086.8, "trend": 1.332026, "fair_value": 0.922196, "relative_strength": 4.209869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.729497, "energy": 21.542724, "activity_lines": [ 1.408102, 1.434754, 1.433162, 1.396059 ] }, { "date": "2023-09-01", "close": 1.418439, "volume": 12303838, "typical_volume": 19588096.4, "trend": 1.339292, "fair_value": 0.927824, "relative_strength": 1.275337, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.107191, "energy": 14.710732, "activity_lines": [ 1.407336, 1.42794, 1.433109, 1.401634 ] }, { "date": "2023-09-08", "close": 1.372497, "volume": 12912199, "typical_volume": 19288728.15, "trend": 1.346897, "fair_value": 0.933206, "relative_strength": -0.699741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.282153, "energy": 11.807214, "activity_lines": [ 1.396616, 1.414575, 1.428548, 1.403776 ] }, { "date": "2023-09-15", "close": 1.498836, "volume": 9354840, "typical_volume": 19029927.85, "trend": 1.357965, "fair_value": 0.939481, "relative_strength": 8.369442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.731975, "energy": 20.445399, "activity_lines": [ 1.429924, 1.426687, 1.435917, 1.413579 ] }, { "date": "2023-09-22", "close": 1.475865, "volume": 13405173, "typical_volume": 18935283.05, "trend": 1.370137, "fair_value": 0.945709, "relative_strength": 9.852895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.820434, "energy": 23.522326, "activity_lines": [ 1.450215, 1.433996, 1.440535, 1.421185 ] }, { "date": "2023-09-29", "close": 1.399469, "volume": 13483270, "typical_volume": 18676442.25, "trend": 1.380698, "fair_value": 0.951589, "relative_strength": 4.772315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.261455, "energy": 14.337036, "activity_lines": [ 1.437383, 1.427415, 1.437288, 1.423077 ] }, { "date": "2023-10-06", "close": 1.335857, "volume": 13700231, "typical_volume": 18482366.1, "trend": 1.388578, "fair_value": 0.956793, "relative_strength": -0.438849, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.032957, "energy": 5.243722, "activity_lines": [ 1.404995, 1.410865, 1.427974, 1.420184 ] }, { "date": "2023-10-13", "close": 1.353205, "volume": 7025208, "typical_volume": 17870354.95, "trend": 1.396848, "fair_value": 0.962126, "relative_strength": 0.278108, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.991174, "energy": 24.852436, "activity_lines": [ 1.383895, 1.400433, 1.420471, 1.417902 ] }, { "date": "2023-10-20", "close": 1.324291, "volume": 14722754, "typical_volume": 17561187.95, "trend": 1.403968, "fair_value": 0.96729, "relative_strength": 0.587275, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.147334, "energy": 43.851446, "activity_lines": [ 1.354443, 1.385617, 1.41021, 1.413221 ] }, { "date": "2023-10-27", "close": 1.358988, "volume": 8721728, "typical_volume": 17301871.85, "trend": 1.407061, "fair_value": 0.972944, "relative_strength": 5.67489, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.317638, "energy": 45.580273, "activity_lines": [ 1.348193, 1.378821, 1.403331, 1.410319 ] }, { "date": "2023-11-03", "close": 1.457298, "volume": 15713610, "typical_volume": 16643652.75, "trend": 1.412489, "fair_value": 0.978693, "relative_strength": 7.098656, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.322353, "energy": 14.740924, "activity_lines": [ 1.382505, 1.389937, 1.406216, 1.41356 ] }, { "date": "2023-11-10", "close": 1.491996, "volume": 9662422, "typical_volume": 16091493.75, "trend": 1.41587, "fair_value": 0.984681, "relative_strength": 7.765405, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.174572, "energy": 10.598124, "activity_lines": [ 1.424528, 1.406759, 1.41234, 1.41869 ] }, { "date": "2023-11-17", "close": 1.567174, "volume": 16473251, "typical_volume": 16127578.1, "trend": 1.423076, "fair_value": 0.991018, "relative_strength": 10.088759, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.498847, "energy": 40.364518, "activity_lines": [ 1.481201, 1.435912, 1.425746, 1.428451 ] }, { "date": "2023-11-24", "close": 1.231764, "volume": 29328560, "typical_volume": 16931184.5, "trend": 1.418114, "fair_value": 0.99487, "relative_strength": -14.282921, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.578495, "energy": 24.408553, "activity_lines": [ 1.411806, 1.400542, 1.406937, 1.416109 ] }, { "date": "2023-12-01", "close": 1.28381, "volume": 25591120, "typical_volume": 17480976.55, "trend": 1.415838, "fair_value": 0.998822, "relative_strength": -11.338097, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.254276, "energy": 27.322414, "activity_lines": [ 1.365928, 1.379491, 1.394192, 1.407444 ] }, { "date": "2023-12-08", "close": 1.266461, "volume": 15495975, "typical_volume": 17297122.1, "trend": 1.411462, "fair_value": 1.002346, "relative_strength": -12.658346, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.006003, "energy": 55.419077, "activity_lines": [ 1.319279, 1.358778, 1.38071, 1.397807 ] }, { "date": "2023-12-15", "close": 1.301159, "volume": 13394683, "typical_volume": 17425220.8, "trend": 1.409193, "fair_value": 1.006008, "relative_strength": -12.289207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.007509, "energy": 56.719768, "activity_lines": [ 1.296918, 1.346792, 1.371584, 1.39069 ] }, { "date": "2023-12-22", "close": 1.332196, "volume": 20209952, "typical_volume": 17769799.05, "trend": 1.40853, "fair_value": 1.009702, "relative_strength": -10.860787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.985594, "energy": 58.724746, "activity_lines": [ 1.297626, 1.341079, 1.366355, 1.385723 ] }, { "date": "2023-12-29", "close": 1.373642, "volume": 8742452, "typical_volume": 17545518.95, "trend": 1.409628, "fair_value": 1.013696, "relative_strength": -8.334134, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.547362, "energy": 38.271353, "activity_lines": [ 1.327814, 1.343284, 1.365402, 1.383472 ] }, { "date": "2024-01-05", "close": 1.373642, "volume": 5808411, "typical_volume": 15177153.7, "trend": 1.407304, "fair_value": 1.017591, "relative_strength": -6.853327, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.93678, "energy": 16.820299, "activity_lines": [ 1.348543, 1.344592, 1.364663, 1.38115 ] }, { "date": "2024-01-12", "close": 1.456534, "volume": 10055199, "typical_volume": 13805243.8, "trend": 1.407742, "fair_value": 1.02212, "relative_strength": -2.986512, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.291322, "energy": 13.359859, "activity_lines": [ 1.390914, 1.360705, 1.371757, 1.384326 ] }, { "date": "2024-01-19", "close": 1.3618, "volume": 9285011, "typical_volume": 13654302.45, "trend": 1.402551, "fair_value": 1.026433, "relative_strength": -10.229226, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.125245, "energy": 18.109433, "activity_lines": [ 1.389036, 1.359607, 1.369676, 1.381362 ] }, { "date": "2024-01-26", "close": 1.385484, "volume": 13944005, "typical_volume": 13705892.75, "trend": 1.398389, "fair_value": 1.031001, "relative_strength": -9.495995, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.08897, "energy": 16.357072, "activity_lines": [ 1.39101, 1.365183, 1.37012, 1.380261 ] }, { "date": "2024-02-02", "close": 1.338117, "volume": 13515109, "typical_volume": 13913906.2, "trend": 1.394181, "fair_value": 1.035078, "relative_strength": -13.685681, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.60341, "energy": 15.840512, "activity_lines": [ 1.373642, 1.365449, 1.365991, 1.376373 ] }, { "date": "2024-02-09", "close": 1.332196, "volume": 8812269, "typical_volume": 13684261.0, "trend": 1.389392, "fair_value": 1.039355, "relative_strength": -15.143494, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.987626, "energy": 19.023822, "activity_lines": [ 1.356669, 1.362706, 1.362063, 1.372374 ] }, { "date": "2024-02-16", "close": 1.373642, "volume": 7575048, "typical_volume": 13388849.9, "trend": 1.385601, "fair_value": 1.044137, "relative_strength": -12.121785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.204898, "energy": 15.22291, "activity_lines": [ 1.356274, 1.366619, 1.362766, 1.371358 ] }, { "date": "2024-02-23", "close": 1.344038, "volume": 20188843, "typical_volume": 13713280.5, "trend": 1.380441, "fair_value": 1.049155, "relative_strength": -15.324464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.109312, "energy": 21.509098, "activity_lines": [ 1.351538, 1.3632, 1.360773, 1.368676 ] }, { "date": "2024-03-01", "close": 1.42693, "volume": 10731763, "typical_volume": 13898608.25, "trend": 1.381299, "fair_value": 1.054722, "relative_strength": -11.01303, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.214521, "energy": 2.816279, "activity_lines": [ 1.375616, 1.374073, 1.366636, 1.371675 ] }, { "date": "2024-03-08", "close": 1.403246, "volume": 12189289, "typical_volume": 13771935.0, "trend": 1.380792, "fair_value": 1.060051, "relative_strength": -12.215551, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.453182, "energy": 15.767331, "activity_lines": [ 1.389036, 1.378917, 1.369892, 1.373091 ] }, { "date": "2024-03-15", "close": 1.332196, "volume": 15411985, "typical_volume": 14106447.85, "trend": 1.379832, "fair_value": 1.064755, "relative_strength": -16.477992, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.228398, "energy": 12.537241, "activity_lines": [ 1.374431, 1.370305, 1.366006, 1.369956 ] }, { "date": "2024-03-22", "close": 1.432851, "volume": 13974875, "typical_volume": 14019511.1, "trend": 1.380121, "fair_value": 1.070291, "relative_strength": -12.07566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.770302, "energy": 18.161054, "activity_lines": [ 1.393378, 1.380747, 1.371833, 1.373377 ] }, { "date": "2024-03-29", "close": 1.4833, "volume": 12097563, "typical_volume": 14141268.15, "trend": 1.382283, "fair_value": 1.0761, "relative_strength": -9.134718, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.926366, "energy": 41.567773, "activity_lines": [ 1.425194, 1.400793, 1.382581, 1.380033 ] }, { "date": "2024-04-05", "close": 1.513326, "volume": 11811305, "typical_volume": 13908170.85, "trend": 1.386977, "fair_value": 1.082118, "relative_strength": -6.297904, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.724944, "energy": 61.19849, "activity_lines": [ 1.457735, 1.424088, 1.39623, 1.388488 ] }, { "date": "2024-04-12", "close": 1.4833, "volume": 13712461, "typical_volume": 13127365.9, "trend": 1.386459, "fair_value": 1.087756, "relative_strength": -6.495924, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.9724, "energy": 66.366554, "activity_lines": [ 1.474507, 1.4396, 1.407276, 1.394702 ] }, { "date": "2024-04-19", "close": 1.489305, "volume": 13125590, "typical_volume": 12504089.4, "trend": 1.386907, "fair_value": 1.09316, "relative_strength": -2.951708, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.829758, "energy": 67.294128, "activity_lines": [ 1.487944, 1.453564, 1.417696, 1.401337 ] }, { "date": "2024-04-26", "close": 1.459279, "volume": 8076581, "typical_volume": 12133119.7, "trend": 1.388901, "fair_value": 1.098269, "relative_strength": -7.072875, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.764151, "energy": 57.671869, "activity_lines": [ 1.480898, 1.459213, 1.424278, 1.406007 ] }, { "date": "2024-05-03", "close": 1.598632, "volume": 8946069, "typical_volume": 11910689.0, "trend": 1.39766, "fair_value": 1.104503, "relative_strength": 1.322632, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.509976, "energy": 64.071034, "activity_lines": [ 1.518541, 1.488641, 1.443214, 1.419538 ] }, { "date": "2024-05-10", "close": 1.49569, "volume": 8334078, "typical_volume": 11316895.3, "trend": 1.40241, "fair_value": 1.110059, "relative_strength": -6.606189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.206375, "energy": 40.439315, "activity_lines": [ 1.514182, 1.494723, 1.450929, 1.425862 ] }, { "date": "2024-05-17", "close": 1.580466, "volume": 7736714, "typical_volume": 11266608.4, "trend": 1.410949, "fair_value": 1.115872, "relative_strength": -2.714673, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.398924, "energy": 46.780427, "activity_lines": [ 1.539257, 1.514969, 1.465939, 1.43735 ] }, { "date": "2024-05-24", "close": 1.550794, "volume": 7415639, "typical_volume": 11346969.8, "trend": 1.417342, "fair_value": 1.121173, "relative_strength": -4.337335, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.908923, "energy": 49.320421, "activity_lines": [ 1.547963, 1.526598, 1.477139, 1.446372 ] }, { "date": "2024-05-31", "close": 1.464202, "volume": 4831988, "typical_volume": 11085809.25, "trend": 1.417572, "fair_value": 1.125757, "relative_strength": -9.094684, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.333348, "energy": 32.304433, "activity_lines": [ 1.523706, 1.518509, 1.479248, 1.449395 ] }, { "date": "2024-06-07", "close": 1.479946, "volume": 12528693, "typical_volume": 11247993.35, "trend": 1.417171, "fair_value": 1.130621, "relative_strength": -8.895441, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.026644, "energy": 24.143667, "activity_lines": [ 1.504369, 1.512712, 1.48282, 1.453419 ] }, { "date": "2024-06-14", "close": 1.432714, "volume": 9552344, "typical_volume": 11028410.3, "trend": 1.412689, "fair_value": 1.135272, "relative_strength": -12.853255, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.947288, "energy": 16.161507, "activity_lines": [ 1.477201, 1.498388, 1.481331, 1.454422 ] }, { "date": "2024-06-21", "close": 1.503562, "volume": 6521763, "typical_volume": 10678743.0, "trend": 1.421749, "fair_value": 1.140466, "relative_strength": -8.670782, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.909409, "energy": 20.020492, "activity_lines": [ 1.477847, 1.498412, 1.486365, 1.460285 ] }, { "date": "2024-06-28", "close": 1.385481, "volume": 7815511, "typical_volume": 10628905.1, "trend": 1.425138, "fair_value": 1.145137, "relative_strength": -15.308604, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.181838, "energy": 11.047864, "activity_lines": [ 1.444259, 1.476597, 1.479365, 1.457945 ] }, { "date": "2024-07-05", "close": 1.467674, "volume": 6464160, "typical_volume": 10573360.7, "trend": 1.431845, "fair_value": 1.150585, "relative_strength": -11.551123, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.84365, "energy": 13.223147, "activity_lines": [ 1.44909, 1.471615, 1.479939, 1.460689 ] }, { "date": "2024-07-12", "close": 1.523208, "volume": 8581722, "typical_volume": 9993004.65, "trend": 1.439246, "fair_value": 1.156246, "relative_strength": -8.722834, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.962149, "energy": 11.461305, "activity_lines": [ 1.472201, 1.476577, 1.485354, 1.466584 ] }, { "date": "2024-07-19", "close": 1.475608, "volume": 7681788, "typical_volume": 9840505.9, "trend": 1.444027, "fair_value": 1.16162, "relative_strength": -9.424903, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.119651, "energy": 11.700149, "activity_lines": [ 1.476561, 1.474256, 1.485383, 1.46893 ] }, { "date": "2024-07-26", "close": 1.475608, "volume": 5476903, "typical_volume": 9504886.6, "trend": 1.447426, "fair_value": 1.167066, "relative_strength": -8.301829, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.440406, "energy": 14.729382, "activity_lines": [ 1.478062, 1.4723, 1.48518, 1.470967 ] }, { "date": "2024-08-02", "close": 1.459741, "volume": 9382602, "typical_volume": 9203417.45, "trend": 1.450296, "fair_value": 1.172481, "relative_strength": -7.056846, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.954416, "energy": 12.422425, "activity_lines": [ 1.476137, 1.469366, 1.483121, 1.471762 ] }, { "date": "2024-08-09", "close": 1.539075, "volume": 8376280, "typical_volume": 8923487.7, "trend": 1.453047, "fair_value": 1.178495, "relative_strength": -1.804274, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.961586, "energy": 19.110363, "activity_lines": [ 1.495706, 1.482512, 1.488011, 1.477489 ] }, { "date": "2024-08-16", "close": 1.650142, "volume": 13734240, "typical_volume": 9005321.55, "trend": 1.462658, "fair_value": 1.185005, "relative_strength": 1.355195, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.265968, "energy": 52.007698, "activity_lines": [ 1.547537, 1.51449, 1.502972, 1.490205 ] }, { "date": "2024-08-23", "close": 1.737409, "volume": 10508206, "typical_volume": 8940166.6, "trend": 1.474389, "fair_value": 1.191645, "relative_strength": 5.363051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.235622, "energy": 73.342504, "activity_lines": [ 1.619995, 1.55924, 1.525451, 1.507931 ] }, { "date": "2024-08-30", "close": 1.697708, "volume": 7127227, "typical_volume": 8610904.9, "trend": 1.486376, "fair_value": 1.197905, "relative_strength": 2.791034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.801514, "energy": 77.062869, "activity_lines": [ 1.661766, 1.591233, 1.543081, 1.522339 ] }, { "date": "2024-09-06", "close": 1.747397, "volume": 7547997, "typical_volume": 8332025.25, "trend": 1.500216, "fair_value": 1.204645, "relative_strength": 10.286021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.012645, "energy": 82.21907, "activity_lines": [ 1.705294, 1.628729, 1.564422, 1.539179 ] }, { "date": "2024-09-13", "close": 1.747397, "volume": 4803176, "typical_volume": 8168355.0, "trend": 1.512674, "fair_value": 1.211277, "relative_strength": 6.251266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.440376, "energy": 81.450944, "activity_lines": [ 1.729644, 1.659646, 1.584535, 1.555126 ] }, { "date": "2024-09-20", "close": 1.681145, "volume": 6678883, "typical_volume": 8054995.7, "trend": 1.523911, "fair_value": 1.217378, "relative_strength": 1.133174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.148617, "energy": 68.067767, "activity_lines": [ 1.718022, 1.67343, 1.596965, 1.565995 ] }, { "date": "2024-09-27", "close": 1.730834, "volume": 17453417, "typical_volume": 8510962.65, "trend": 1.534041, "fair_value": 1.223832, "relative_strength": 3.733007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.209505, "energy": 57.766098, "activity_lines": [ 1.720896, 1.693378, 1.613735, 1.579345 ] }, { "date": "2024-10-04", "close": 1.705773, "volume": 5552921, "typical_volume": 8401773.0, "trend": 1.544125, "fair_value": 1.230251, "relative_strength": 2.079369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.16793, "energy": 46.193114, "activity_lines": [ 1.715855, 1.704128, 1.626999, 1.590424 ] }, { "date": "2024-10-11", "close": 1.638551, "volume": 7900152, "typical_volume": 8425998.65, "trend": 1.554337, "fair_value": 1.235935, "relative_strength": -2.834882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.829908, "energy": 31.130834, "activity_lines": [ 1.687869, 1.698472, 1.633264, 1.596516 ] }, { "date": "2024-10-18", "close": 1.604939, "volume": 5677576, "typical_volume": 8468278.05, "trend": 1.560074, "fair_value": 1.242066, "relative_strength": -5.367616, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.060994, "energy": 23.206829, "activity_lines": [ 1.655935, 1.683453, 1.635909, 1.599781 ] }, { "date": "2024-10-25", "close": 1.613342, "volume": 5767297, "typical_volume": 8130208.25, "trend": 1.564408, "fair_value": 1.248377, "relative_strength": -3.597556, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.807124, "energy": 22.299279, "activity_lines": [ 1.6363, 1.668764, 1.638685, 1.603218 ] }, { "date": "2024-11-01", "close": 1.596537, "volume": 18584383, "typical_volume": 8581810.2, "trend": 1.567182, "fair_value": 1.254382, "relative_strength": -2.876113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.153795, "energy": 22.187295, "activity_lines": [ 1.615583, 1.651689, 1.639225, 1.60529 ] }, { "date": "2024-11-08", "close": 1.630148, "volume": 7598882, "typical_volume": 8635666.15, "trend": 1.572077, "fair_value": 1.260353, "relative_strength": -4.883132, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.183419, "energy": 19.829243, "activity_lines": [ 1.615023, 1.643286, 1.642187, 1.609353 ] }, { "date": "2024-11-15", "close": 1.730982, "volume": 11507500, "typical_volume": 8820265.6, "trend": 1.580133, "fair_value": 1.267148, "relative_strength": 3.540505, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.906991, "energy": 21.158147, "activity_lines": [ 1.653116, 1.654446, 1.654148, 1.619605 ] }, { "date": "2024-11-22", "close": 1.672162, "volume": 10789386, "typical_volume": 9036526.9, "trend": 1.587229, "fair_value": 1.273657, "relative_strength": -1.660818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.079092, "energy": 21.427369, "activity_lines": [ 1.66544, 1.655209, 1.658862, 1.625542 ] }, { "date": "2024-11-29", "close": 1.638551, "volume": 12955655, "typical_volume": 9255223.55, "trend": 1.58856, "fair_value": 1.279824, "relative_strength": -4.689568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.994968, "energy": 21.866943, "activity_lines": [ 1.662079, 1.651229, 1.659402, 1.628853 ] }, { "date": "2024-12-06", "close": 1.579731, "volume": 15004996, "typical_volume": 9621383.95, "trend": 1.591361, "fair_value": 1.285525, "relative_strength": -8.789234, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.199782, "energy": 11.857528, "activity_lines": [ 1.63743, 1.637329, 1.653791, 1.628283 ] }, { "date": "2024-12-13", "close": 1.588134, "volume": 15255486, "typical_volume": 10110313.1, "trend": 1.591616, "fair_value": 1.291226, "relative_strength": -7.65167, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.443111, "energy": 9.677188, "activity_lines": [ 1.616704, 1.627704, 1.648483, 1.628075 ] }, { "date": "2024-12-20", "close": 1.588134, "volume": 16233998, "typical_volume": 10452882.9, "trend": 1.592861, "fair_value": 1.297016, "relative_strength": -5.821422, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.208432, "energy": 14.783019, "activity_lines": [ 1.598778, 1.620217, 1.64264, 1.627851 ] }, { "date": "2024-12-27", "close": 1.512508, "volume": 4744459, "typical_volume": 10271291.85, "trend": 1.594471, "fair_value": 1.302171, "relative_strength": -10.656101, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.669858, "energy": 40.521077, "activity_lines": [ 1.565166, 1.599898, 1.628984, 1.622667 ] }, { "date": "2025-01-03", "close": 1.468285, "volume": 4327492, "typical_volume": 9800954.45, "trend": 1.594083, "fair_value": 1.307473, "relative_strength": -12.528629, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.649352, "energy": 57.51986, "activity_lines": [ 1.527457, 1.573218, 1.611242, 1.614525 ] }, { "date": "2025-01-10", "close": 1.459798, "volume": 8529100, "typical_volume": 9701999.15, "trend": 1.594985, "fair_value": 1.31244, "relative_strength": -10.967175, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.5257, "energy": 61.839281, "activity_lines": [ 1.49827, 1.547633, 1.593557, 1.605862 ] }, { "date": "2025-01-17", "close": 1.45131, "volume": 13769083, "typical_volume": 10034091.95, "trend": 1.593244, "fair_value": 1.317203, "relative_strength": -13.763613, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.280258, "energy": 63.988116, "activity_lines": [ 1.47425, 1.52299, 1.576387, 1.596593 ] }, { "date": "2025-01-24", "close": 1.510721, "volume": 5523003, "typical_volume": 9932842.25, "trend": 1.597418, "fair_value": 1.322291, "relative_strength": -11.529418, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.853057, "energy": 63.937958, "activity_lines": [ 1.479154, 1.512402, 1.566047, 1.591269 ] }, { "date": "2025-01-31", "close": 1.587105, "volume": 7189482, "typical_volume": 10052157.55, "trend": 1.601399, "fair_value": 1.327925, "relative_strength": -6.039314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.85779, "energy": 35.266174, "activity_lines": [ 1.514681, 1.519706, 1.56411, 1.590603 ] }, { "date": "2025-02-07", "close": 1.587105, "volume": 8444989, "typical_volume": 10140462.85, "trend": 1.603529, "fair_value": 1.333465, "relative_strength": -5.842646, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.299157, "energy": 20.265445, "activity_lines": [ 1.545235, 1.528556, 1.562936, 1.589681 ] }, { "date": "2025-02-14", "close": 1.680465, "volume": 7696929, "typical_volume": 9652638.45, "trend": 1.610358, "fair_value": 1.339435, "relative_strength": -1.744593, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.106266, "energy": 17.289233, "activity_lines": [ 1.598987, 1.555316, 1.571101, 1.594645 ] }, { "date": "2025-02-21", "close": 1.646516, "volume": 6667307, "typical_volume": 9708357.75, "trend": 1.616055, "fair_value": 1.345207, "relative_strength": -2.20633, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 7.689214, "energy": 23.429328, "activity_lines": [ 1.626712, 1.574073, 1.576272, 1.596977 ] }, { "date": "2025-02-28", "close": 1.578618, "volume": 10055049, "typical_volume": 9816102.6, "trend": 1.620017, "fair_value": 1.350431, "relative_strength": -5.225465, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.876339, "energy": 20.123474, "activity_lines": [ 1.618791, 1.579422, 1.57526, 1.594562 ] }, { "date": "2025-03-07", "close": 1.66349, "volume": 12114688, "typical_volume": 10137958.2, "trend": 1.624165, "fair_value": 1.356349, "relative_strength": 2.95797, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 22.79201, "energy": 26.355358, "activity_lines": [ 1.634634, 1.600376, 1.582615, 1.597367 ] }, { "date": "2025-03-14", "close": 1.621054, "volume": 21104923, "typical_volume": 10904839.5, "trend": 1.623195, "fair_value": 1.361472, "relative_strength": 2.49854, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 13.393185, "energy": 18.494404, "activity_lines": [ 1.631239, 1.610869, 1.585651, 1.597166 ] }, { "date": "2025-03-21", "close": 1.561644, "volume": 62521061, "typical_volume": 13101673.4, "trend": 1.617336, "fair_value": 1.365615, "relative_strength": -1.748061, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.641012, "energy": 12.542743, "activity_lines": [ 1.605777, 1.607783, 1.582991, 1.593195 ] }, { "date": "2025-03-28", "close": 1.536182, "volume": 11193020, "typical_volume": 13281380.3, "trend": 1.611952, "fair_value": 1.369297, "relative_strength": -1.831088, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.152578, "energy": 16.830405, "activity_lines": [ 1.57975, 1.598216, 1.578073, 1.587959 ] }, { "date": "2025-04-04", "close": 1.46126, "volume": 16624709, "typical_volume": 13537240.75, "trend": 1.602414, "fair_value": 1.372611, "relative_strength": 2.736804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.876285, "energy": 34.510499, "activity_lines": [ 1.536104, 1.573483, 1.566467, 1.578237 ] }, { "date": "2025-04-11", "close": 1.469906, "volume": 20206426, "typical_volume": 14008092.75, "trend": 1.593164, "fair_value": 1.375754, "relative_strength": -2.077059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.008459, "energy": 51.649974, "activity_lines": [ 1.503164, 1.551222, 1.556969, 1.569688 ] }, { "date": "2025-04-18", "close": 1.513139, "volume": 11059259, "typical_volume": 13913272.95, "trend": 1.587564, "fair_value": 1.379665, "relative_strength": 2.365046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.833133, "energy": 56.141552, "activity_lines": [ 1.49754, 1.538952, 1.552551, 1.564525 ] }, { "date": "2025-04-25", "close": 1.625544, "volume": 16051872, "typical_volume": 13965616.75, "trend": 1.584054, "fair_value": 1.384372, "relative_strength": 5.098266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.110904, "energy": 27.672717, "activity_lines": [ 1.53658, 1.548464, 1.559435, 1.566976 ] }, { "date": "2025-05-02", "close": 1.642837, "volume": 13362820, "typical_volume": 13870983.45, "trend": 1.581957, "fair_value": 1.388398, "relative_strength": 3.384771, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.614662, "energy": 7.564064, "activity_lines": [ 1.577123, 1.562119, 1.567749, 1.570768 ] }, { "date": "2025-05-09", "close": 1.642837, "volume": 12794554, "typical_volume": 13699011.25, "trend": 1.582099, "fair_value": 1.392116, "relative_strength": 3.826014, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.401149, "energy": 23.354026, "activity_lines": [ 1.610557, 1.57584, 1.575802, 1.574696 ] }, { "date": "2025-05-16", "close": 1.636049, "volume": 19408741, "typical_volume": 14432225.35, "trend": 1.583136, "fair_value": 1.394716, "relative_strength": -1.616987, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.769206, "energy": 29.082271, "activity_lines": [ 1.629622, 1.58716, 1.582948, 1.578176 ] }, { "date": "2025-05-23", "close": 1.67181, "volume": 16383250, "typical_volume": 15035013.25, "trend": 1.585085, "fair_value": 1.397211, "relative_strength": 3.209448, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.626976, "energy": 45.683086, "activity_lines": [ 1.649532, 1.605481, 1.592911, 1.583897 ] }, { "date": "2025-05-30", "close": 1.67181, "volume": 13095427, "typical_volume": 15263329.6, "trend": 1.587595, "fair_value": 1.399773, "relative_strength": 1.391975, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.457162, "energy": 58.466925, "activity_lines": [ 1.658863, 1.622879, 1.601906, 1.589492 ] }, { "date": "2025-06-06", "close": 1.644989, "volume": 10970585, "typical_volume": 15123404.7, "trend": 1.588089, "fair_value": 1.402932, "relative_strength": -1.817025, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.126065, "energy": 49.793929, "activity_lines": [ 1.65617, 1.633398, 1.607336, 1.593195 ] }, { "date": "2025-06-13", "close": 1.69863, "volume": 19214052, "typical_volume": 15807957.15, "trend": 1.587011, "fair_value": 1.406802, "relative_strength": 1.62768, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.553053, "energy": 51.466525, "activity_lines": [ 1.671214, 1.651691, 1.616953, 1.600327 ] }, { "date": "2025-06-20", "close": 1.716511, "volume": 20729816, "typical_volume": 16484973.85, "trend": 1.588489, "fair_value": 1.41092, "relative_strength": 2.79739, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.953161, "energy": 55.626116, "activity_lines": [ 1.688498, 1.668919, 1.627378, 1.608682 ] }, { "date": "2025-06-27", "close": 1.70757, "volume": 11921041, "typical_volume": 16658776.45, "trend": 1.59079, "fair_value": 1.41498, "relative_strength": -1.303677, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.960241, "energy": 51.864929, "activity_lines": [ 1.697438, 1.680038, 1.636335, 1.616365 ] }, { "date": "2025-07-04", "close": 1.822635, "volume": 8704893, "typical_volume": 16709174.65, "trend": 1.598887, "fair_value": 1.419914, "relative_strength": 3.423394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.00719, "energy": 74.80713, "activity_lines": [ 1.742349, 1.708543, 1.655677, 1.631322 ] }, { "date": "2025-07-11", "close": 1.749729, "volume": 16201796, "typical_volume": 17185899.1, "trend": 1.604273, "fair_value": 1.424482, "relative_strength": -0.474986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.388928, "energy": 66.195883, "activity_lines": [ 1.752903, 1.720209, 1.667399, 1.641054 ] }, { "date": "2025-07-18", "close": 1.667711, "volume": 11966468, "typical_volume": 17281470.05, "trend": 1.606926, "fair_value": 1.428523, "relative_strength": -5.697654, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.668572, "energy": 41.234777, "activity_lines": [ 1.729135, 1.715018, 1.670817, 1.645147 ] }, { "date": "2025-07-25", "close": 1.704164, "volume": 9767442, "typical_volume": 17164107.75, "trend": 1.613314, "fair_value": 1.431917, "relative_strength": -5.031521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.034315, "energy": 37.914975, "activity_lines": [ 1.719579, 1.716004, 1.677284, 1.65142 ] }, { "date": "2025-08-01", "close": 1.658598, "volume": 11129578, "typical_volume": 16665340.5, "trend": 1.619658, "fair_value": 1.434713, "relative_strength": -5.21601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.40516, "energy": 18.363793, "activity_lines": [ 1.695658, 1.707466, 1.679217, 1.654342 ] }, { "date": "2025-08-08", "close": 1.758843, "volume": 10691025, "typical_volume": 14073838.7, "trend": 1.629626, "fair_value": 1.437576, "relative_strength": -1.816613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.267051, "energy": 22.125236, "activity_lines": [ 1.708417, 1.717395, 1.690518, 1.663321 ] }, { "date": "2025-08-15", "close": 1.777069, "volume": 15121269, "typical_volume": 14270251.15, "trend": 1.640485, "fair_value": 1.440453, "relative_strength": -1.594624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.342709, "energy": 33.720506, "activity_lines": [ 1.731503, 1.729055, 1.702617, 1.672834 ] }, { "date": "2025-08-22", "close": 1.804408, "volume": 10549995, "typical_volume": 13966515.45, "trend": 1.650274, "fair_value": 1.443641, "relative_strength": -0.142445, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.749182, "energy": 45.252596, "activity_lines": [ 1.76188, 1.743284, 1.716172, 1.68341 ] }, { "date": "2025-08-29", "close": 1.849974, "volume": 12811271, "typical_volume": 13596757.7, "trend": 1.659037, "fair_value": 1.447461, "relative_strength": 2.548164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.315358, "energy": 69.406392, "activity_lines": [ 1.798333, 1.763875, 1.732432, 1.696293 ] }, { "date": "2025-09-05", "close": 1.859088, "volume": 10558617, "typical_volume": 13571725.6, "trend": 1.668103, "fair_value": 1.451237, "relative_strength": 2.989093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.972977, "energy": 73.246681, "activity_lines": [ 1.828103, 1.783697, 1.747751, 1.7092 ] }, { "date": "2025-09-12", "close": 1.859088, "volume": 8250908, "typical_volume": 13181677.4, "trend": 1.674057, "fair_value": 1.455692, "relative_strength": 1.620043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.818824, "energy": 73.911099, "activity_lines": [ 1.844507, 1.800763, 1.761422, 1.721522 ] }, { "date": "2025-09-19", "close": 1.89554, "volume": 12834019, "typical_volume": 13155237.35, "trend": 1.682358, "fair_value": 1.460109, "relative_strength": 2.445841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.929102, "energy": 74.365424, "activity_lines": [ 1.866378, 1.823795, 1.777452, 1.735811 ] }, { "date": "2025-09-26", "close": 1.89554, "volume": 10676456, "typical_volume": 13049332.45, "trend": 1.692922, "fair_value": 1.465268, "relative_strength": 2.879698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.902256, "energy": 66.635558, "activity_lines": [ 1.880352, 1.844175, 1.79228, 1.749565 ] }, { "date": "2025-10-03", "close": 1.859088, "volume": 12540195, "typical_volume": 12705905.15, "trend": 1.699442, "fair_value": 1.46995, "relative_strength": -0.050689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.100388, "energy": 49.252738, "activity_lines": [ 1.876099, 1.853785, 1.802432, 1.760285 ] }, { "date": "2025-10-10", "close": 1.765743, "volume": 16403742, "typical_volume": 12706929.75, "trend": 1.704265, "fair_value": 1.474623, "relative_strength": -2.609517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.616386, "energy": 33.852265, "activity_lines": [ 1.840124, 1.843607, 1.802633, 1.764563 ] }, { "date": "2025-10-17", "close": 1.858677, "volume": 16411624, "typical_volume": 12872739.6, "trend": 1.714166, "fair_value": 1.478923, "relative_strength": 0.748698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.813373, "energy": 29.559758, "activity_lines": [ 1.841349, 1.848378, 1.811236, 1.774525 ] }, { "date": "2025-10-24", "close": 1.830797, "volume": 11486108, "typical_volume": 12898515.75, "trend": 1.723986, "fair_value": 1.483251, "relative_strength": -2.56816, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.758719, "energy": 20.758654, "activity_lines": [ 1.833309, 1.846264, 1.816295, 1.782049 ] }, { "date": "2025-10-31", "close": 1.942317, "volume": 10974337, "typical_volume": 12486530.0, "trend": 1.740021, "fair_value": 1.487602, "relative_strength": 2.624958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.045568, "energy": 35.535181, "activity_lines": [ 1.866759, 1.86345, 1.83109, 1.796135 ] }, { "date": "2025-11-07", "close": 2.016664, "volume": 14620162, "typical_volume": 12181047.3, "trend": 1.758247, "fair_value": 1.493572, "relative_strength": 8.128885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.282012, "energy": 63.243918, "activity_lines": [ 1.921872, 1.891646, 1.851805, 1.813983 ] }, { "date": "2025-11-14", "close": 1.960904, "volume": 14114095, "typical_volume": 12290700.0, "trend": 1.773172, "fair_value": 1.499496, "relative_strength": 5.041723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.286561, "energy": 62.579486, "activity_lines": [ 1.947893, 1.906674, 1.865781, 1.827058 ] }, { "date": "2025-11-21", "close": 1.886557, "volume": 13637927, "typical_volume": 12537351.7, "trend": 1.781873, "fair_value": 1.504493, "relative_strength": 3.02251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.746259, "energy": 55.524921, "activity_lines": [ 1.936122, 1.906332, 1.871469, 1.834373 ] }, { "date": "2025-11-28", "close": 1.970197, "volume": 9947589, "typical_volume": 12224641.35, "trend": 1.792785, "fair_value": 1.509646, "relative_strength": 3.661092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.660593, "energy": 54.526368, "activity_lines": [ 1.950371, 1.920698, 1.884819, 1.846523 ] }, { "date": "2025-12-05", "close": 1.877264, "volume": 16193503, "typical_volume": 12435993.1, "trend": 1.800599, "fair_value": 1.514445, "relative_strength": -1.632796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.124526, "energy": 30.967105, "activity_lines": [ 1.92435, 1.91681, 1.888268, 1.851973 ] }, { "date": "2025-12-12", "close": 1.89585, "volume": 15724913, "typical_volume": 12733866.65, "trend": 1.809259, "fair_value": 1.519537, "relative_strength": -0.169402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.619804, "energy": 19.697975, "activity_lines": [ 1.908861, 1.916634, 1.892489, 1.858118 ] }, { "date": "2025-12-19", "close": 1.84009, "volume": 20672833, "typical_volume": 13211029.4, "trend": 1.814868, "fair_value": 1.52384, "relative_strength": -3.212931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.794033, "energy": 13.460196, "activity_lines": [ 1.88284, 1.905651, 1.890487, 1.860107 ] }, { "date": "2025-12-26", "close": 1.92373, "volume": 10505788, "typical_volume": 13201767.55, "trend": 1.823266, "fair_value": 1.528872, "relative_strength": -0.385761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.279443, "energy": 17.314264, "activity_lines": [ 1.892752, 1.908523, 1.895587, 1.867131 ] }, { "date": "2026-01-02", "close": 1.980481, "volume": 9440044, "typical_volume": 12917706.3, "trend": 1.834449, "fair_value": 1.534232, "relative_strength": 3.34801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.275501, "energy": 22.556099, "activity_lines": [ 1.919104, 1.920531, 1.905306, 1.877274 ] }, { "date": "2026-01-09", "close": 1.951639, "volume": 23689987, "typical_volume": 13574705.9, "trend": 1.842882, "fair_value": 1.538796, "relative_strength": 0.059936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.738984, "energy": 26.727679, "activity_lines": [ 1.935156, 1.924573, 1.91131, 1.884834 ] }, { "date": "2026-01-16", "close": 1.903569, "volume": 10580137, "typical_volume": 13463149.2, "trend": 1.849117, "fair_value": 1.543267, "relative_strength": -2.26191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.163304, "energy": 26.911566, "activity_lines": [ 1.930226, 1.919706, 1.912034, 1.88875 ] }, { "date": "2026-01-23", "close": 2.105463, "volume": 20040154, "typical_volume": 13937226.05, "trend": 1.862381, "fair_value": 1.548996, "relative_strength": 8.08617, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.315552, "energy": 56.838154, "activity_lines": [ 1.99208, 1.953604, 1.931732, 1.905288 ] }, { "date": "2026-01-30", "close": 2.067007, "volume": 26797485, "typical_volume": 14864554.9, "trend": 1.870526, "fair_value": 1.554551, "relative_strength": 5.462846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.674217, "energy": 60.742715, "activity_lines": [ 2.023424, 1.977881, 1.946593, 1.91849 ] }, { "date": "2026-02-06", "close": 2.057393, "volume": 40645763, "typical_volume": 16255142.1, "trend": 1.880782, "fair_value": 1.560404, "relative_strength": 4.959214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.485362, "energy": 61.018592, "activity_lines": [ 2.042011, 1.997129, 1.959549, 1.930546 ] }, { "date": "2026-02-13", "close": 2.134305, "volume": 26615771, "typical_volume": 17052107.85, "trend": 1.896335, "fair_value": 1.566606, "relative_strength": 10.044465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.129809, "energy": 73.365504, "activity_lines": [ 2.081108, 2.028775, 1.979059, 1.946902 ] }, { "date": "2026-02-20", "close": 2.211217, "volume": 16224531, "typical_volume": 17236324.65, "trend": 1.913237, "fair_value": 1.573661, "relative_strength": 12.412715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.936401, "energy": 78.154083, "activity_lines": [ 2.133664, 2.069732, 2.004757, 1.967217 ] }, { "date": "2026-02-27", "close": 2.278515, "volume": 19630561, "typical_volume": 17397665.6, "trend": 1.933901, "fair_value": 1.581327, "relative_strength": 15.919807, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.335242, "energy": 83.587856, "activity_lines": [ 2.188143, 2.117192, 2.035188, 1.990783 ] }, { "date": "2026-03-06", "close": 2.105463, "volume": 31987406, "typical_volume": 18176454.7, "trend": 1.945455, "fair_value": 1.587775, "relative_strength": 9.130769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.885039, "energy": 68.062726, "activity_lines": [ 2.173402, 2.125215, 2.046696, 2.001852 ] }, { "date": "2026-03-13", "close": 2.115077, "volume": 49446491, "typical_volume": 20074473.85, "trend": 1.956722, "fair_value": 1.594249, "relative_strength": 11.091133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.218683, "energy": 47.056159, "activity_lines": [ 2.159301, 2.131683, 2.057944, 2.012795 ] }, { "date": "2026-03-20", "close": 2.172761, "volume": 42169704, "typical_volume": 21634242.2, "trend": 1.969, "fair_value": 1.601058, "relative_strength": 15.788707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.104223, "energy": 42.087766, "activity_lines": [ 2.160583, 2.146191, 2.073332, 2.026733 ] }, { "date": "2026-03-27", "close": 2.259287, "volume": 41973916, "typical_volume": 23001929.9, "trend": 1.982644, "fair_value": 1.607424, "relative_strength": 22.524796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.430465, "energy": 42.152888, "activity_lines": [ 2.188143, 2.172411, 2.095864, 2.045462 ] }, { "date": "2026-04-03", "close": 2.418479, "volume": 30200079, "typical_volume": 23806229.1, "trend": 2.00129, "fair_value": 1.614629, "relative_strength": 26.174071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.84389, "energy": 56.205327, "activity_lines": [ 2.265563, 2.221108, 2.132401, 2.07358 ] }, { "date": "2026-04-10", "close": 2.673056, "volume": 35828296, "typical_volume": 24915747.55, "trend": 2.028422, "fair_value": 1.62285, "relative_strength": 33.595123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.764387, "energy": 88.991043, "activity_lines": [ 2.41851, 2.3104, 2.191005, 2.11692 ] }, { "date": "2026-04-17", "close": 2.604516, "volume": 35601402, "typical_volume": 26198438.2, "trend": 2.052055, "fair_value": 1.630885, "relative_strength": 23.93068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.537657, "energy": 90.863037, "activity_lines": [ 2.510772, 2.376211, 2.239335, 2.154087 ] }, { "date": "2026-04-24", "close": 2.526184, "volume": 24256631, "typical_volume": 26601594.6, "trend": 2.073076, "fair_value": 1.638229, "relative_strength": 19.135961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.608281, "energy": 87.180718, "activity_lines": [ 2.544293, 2.417832, 2.277185, 2.184676 ] }, { "date": "2026-05-01", "close": 2.398657, "volume": 19499618, "typical_volume": 26790329.85, "trend": 2.091062, "fair_value": 1.644937, "relative_strength": 11.781424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.186883, "energy": 78.452183, "activity_lines": [ 2.511744, 2.429141, 2.2998, 2.205681 ] }, { "date": "2026-05-08", "close": 2.312305, "volume": 26163968, "typical_volume": 27064886.6, "trend": 2.109281, "fair_value": 1.6508, "relative_strength": 5.148902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.164078, "energy": 47.394043, "activity_lines": [ 2.44112, 2.421342, 2.311796, 2.219955 ] }, { "date": "2026-05-15", "close": 2.145986, "volume": 28256510, "typical_volume": 27952422.7, "trend": 2.118858, "fair_value": 1.655779, "relative_strength": -2.693105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.945701, "energy": 19.516785, "activity_lines": [ 2.322134, 2.382689, 2.305704, 2.222323 ] }, { "date": "2026-05-22", "close": 2.165584, "volume": 34617088, "typical_volume": 29211274.9, "trend": 2.130017, "fair_value": 1.660994, "relative_strength": -2.646695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.583081, "energy": 24.285324, "activity_lines": [ 2.244818, 2.346862, 2.30042, 2.225338 ] }, { "date": "2026-05-29", "close": 2.10679, "volume": 22387260, "typical_volume": 29146138.55, "trend": 2.1355, "fair_value": 1.665905, "relative_strength": -6.596309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.730369, "energy": 24.775631, "activity_lines": [ 2.177167, 2.299428, 2.288655, 2.223839 ] }, { "date": "2026-06-05", "close": 2.047996, "volume": 33505938, "typical_volume": 30292428.6, "trend": 2.136544, "fair_value": 1.669781, "relative_strength": -6.87232, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.368635, "energy": 39.948118, "activity_lines": [ 2.117878, 2.242502, 2.270551, 2.218194 ] }, { "date": "2026-06-12", "close": 2.047996, "volume": 45532512, "typical_volume": 31567046.5, "trend": 2.139447, "fair_value": 1.673656, "relative_strength": -7.329776, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.806374, "energy": 46.395253, "activity_lines": [ 2.081966, 2.189419, 2.25176, 2.212481 ] }, { "date": "2026-06-19", "close": 2.008799, "volume": 38155060, "typical_volume": 32134925.25, "trend": 2.143522, "fair_value": 1.676805, "relative_strength": -9.806702, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.694246, "energy": 56.54034, "activity_lines": [ 2.050609, 2.135945, 2.22951, 2.204052 ] }, { "date": "2026-06-26", "close": 2.10679, "volume": 31649210, "typical_volume": 31685097.6, "trend": 2.148075, "fair_value": 1.680629, "relative_strength": -3.155208, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.903289, "energy": 47.25294, "activity_lines": [ 2.061061, 2.112365, 2.216869, 2.201682 ] }, { "date": "2026-07-03", "close": 2.09, "volume": 33988536, "typical_volume": 32053735.85, "trend": 2.155166, "fair_value": 1.684639, "relative_strength": -5.878534, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.031175, "energy": 30.059743, "activity_lines": [ 2.069836, 2.094781, 2.202394, 2.197935 ] }, { "date": "2026-07-10", "close": 2.2, "volume": 36177235, "typical_volume": 33051371.05, "trend": 2.165304, "fair_value": 1.689281, "relative_strength": -2.308149, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.139744, "energy": 19.13275, "activity_lines": [ 2.116398, 2.105128, 2.198606, 2.200828 ] }, { "date": "2026-07-17", "close": 2.14, "volume": 21023302, "typical_volume": 33121008.1, "trend": 2.175302, "fair_value": 1.693465, "relative_strength": -3.601315, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.340792, "energy": 10.891273, "activity_lines": [ 2.132825, 2.108178, 2.189157, 2.199195 ] }, { "date": "2026-07-24", "close": 2.13, "volume": 24979891, "typical_volume": 32770632.35, "trend": 2.182177, "fair_value": 1.697511, "relative_strength": -3.596196, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.385467, "energy": 11.35785, "activity_lines": [ 2.139786, 2.112543, 2.179416, 2.196273 ] }, { "date": "2026-07-31", "close": 2.19, "volume": 29641034, "typical_volume": 31780359.5, "trend": 2.189161, "fair_value": 1.702567, "relative_strength": -2.102904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.371661, "energy": 12.680588, "activity_lines": [ 2.158667, 2.128108, 2.175272, 2.196777 ] }, { "date": "2026-08-07", "close": 2.1, "volume": 21414604, "typical_volume": 30742604.5, "trend": 2.194106, "fair_value": 1.706936, "relative_strength": -9.266647, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.353966, "energy": 19.245324, "activity_lines": [ 2.142, 2.126864, 2.162199, 2.191025 ] } ], "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." } } }