{ "ticker": { "uuid": "a6ab708f-0025-43c2-a164-bafa4475e8c2", "symbol": "EVAX", "name": "Evaxion Biotech AS", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.082, "architecture_energy": 60.963, "architecture_maturity": 25.636, "architecture_confidence": 95.887, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 14.7, "rotation_up": 16.72, "upward_expansion": 12.85, "deceleration": 40.15, "rotation_down": 61.47, "downward_expansion": 86.18 }, "activity_lines": [ 2.998667, 3.090818, 3.405833, 3.52214 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 3.1, "trend_reference": 3.627667, "distance_from_trend": -0.145456, "trend_direction": "Weakening", "fair_value": 12.601326, "distance_from_fair_value": -0.753994, "fair_value_direction": "Improving", "relative_strength": -34.683078, "relative_strength_direction": "Weakening", "price_momentum": -0.077381, "excess_performance": -0.264835, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.145456, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.169237, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.753994, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.002767, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.346831, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.28088, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.077381, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.539476, "read": "Supply-led" } ], "volume": { "latest": 42945, "relative_activity": 0.352217, "balance": 0.539476, "dry_up": 0.513152, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.13977, "annualized_volatility": 0.675191, "from_high_reference": -0.744854, "from_low_reference": 0.230159 }, "levels": { "trend_reference": 3.627667, "fair_value_reference": 12.601326, "structural_low": 2.77, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": -0.066584, "positive_rate": 0.322581, "directional_follow_through": 0.677419, "median_excess_return": -0.096022, "regime_survival": 0.870968, "best_return": 1.100671, "worst_return": -0.460145, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.206522, "positive_rate": 0.181818, "directional_follow_through": 0.818182, "median_excess_return": -0.286021, "regime_survival": 0.727273, "best_return": 0.653842, "worst_return": -0.654167, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.20642, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.565235, "regime_survival": 0.6, "best_return": 0.156627, "worst_return": -0.845053, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.528571, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -1.014759, "regime_survival": 0.666667, "best_return": 0.035165, "worst_return": -0.880105, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-05-19", "end": "2023-08-11", "tenure": "Established", "return": -0.390805, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-18", "end": "2024-05-24", "tenure": "Extended", "return": -0.56087, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-31", "end": "2024-05-31", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-09-20", "tenure": "Established", "return": -0.117994, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-10-18", "tenure": "New", "return": -0.153846, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-25", "end": "2025-05-30", "tenure": "Extended", "return": -0.821739, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": -0.217252, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": 0.1841, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-11-21", "tenure": "Established", "return": 0.798611, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-30", "tenure": "Developing", "return": -0.464195, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-03-06", "tenure": "Developing", "return": -0.041667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.044601, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-19", "tenure": "Developing", "return": -0.243176, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.003236, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 46.0, "volume": 241833, "typical_volume": 837333.75, "trend": 67.331, "fair_value": 188.77015, "relative_strength": -55.32491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.571715, "energy": 68.981998, "activity_lines": [ 53.966667, 57.954545, 63.161905, 64.545634 ] }, { "date": "2023-08-25", "close": 45.005, "volume": 150916, "typical_volume": 839959.95, "trend": 66.147833, "fair_value": 187.697276, "relative_strength": -56.174939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.188853, "energy": 77.677505, "activity_lines": [ 50.035, 55.155455, 61.138571, 63.105247 ] }, { "date": "2023-09-01", "close": 40.555, "volume": 285121, "typical_volume": 806636.9, "trend": 64.599667, "fair_value": 186.607333, "relative_strength": -61.20546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.696999, "energy": 84.017643, "activity_lines": [ 45.753, 51.919909, 58.750929, 61.454097 ] }, { "date": "2023-09-08", "close": 34.075, "volume": 289360, "typical_volume": 769180.75, "trend": 62.918833, "fair_value": 185.485772, "relative_strength": -66.39854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.958865, "energy": 94.039064, "activity_lines": [ 40.840667, 47.887, 55.924452, 59.484763 ] }, { "date": "2023-09-15", "close": 37.605, "volume": 621316, "typical_volume": 790403.05, "trend": 61.558, "fair_value": 184.40635, "relative_strength": -62.051137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.398209, "energy": 88.4618, "activity_lines": [ 38.8, 45.067273, 53.624286, 57.851613 ] }, { "date": "2023-09-22", "close": 38.35, "volume": 3899513, "typical_volume": 977180.3, "trend": 60.286333, "fair_value": 183.347971, "relative_strength": -58.702768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.568661, "energy": 80.502314, "activity_lines": [ 38.034, 42.872, 51.516, 56.354323 ] }, { "date": "2023-09-29", "close": 41.65, "volume": 438244, "typical_volume": 975388.35, "trend": 59.491333, "fair_value": 182.328561, "relative_strength": -53.898754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.723241, "energy": 58.439283, "activity_lines": [ 38.878, 41.724909, 49.853667, 55.151978 ] }, { "date": "2023-10-06", "close": 43.125, "volume": 245825, "typical_volume": 977492.0, "trend": 59.178833, "fair_value": 181.33425, "relative_strength": -51.611142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.485167, "energy": 48.244295, "activity_lines": [ 40.437333, 41.216, 48.509667, 54.096086 ] }, { "date": "2023-10-13", "close": 42.45, "volume": 160424, "typical_volume": 967301.55, "trend": 58.877167, "fair_value": 180.349255, "relative_strength": -50.708099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.393997, "energy": 37.945336, "activity_lines": [ 41.600333, 40.954818, 47.31031, 53.016806 ] }, { "date": "2023-10-20", "close": 42.105, "volume": 96233, "typical_volume": 965024.3, "trend": 58.214, "fair_value": 179.375704, "relative_strength": -47.919922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.569568, "energy": 32.095682, "activity_lines": [ 42.09, 40.940909, 46.245, 51.934731 ] }, { "date": "2023-10-27", "close": 40.0, "volume": 378752, "typical_volume": 458175.4, "trend": 57.664, "fair_value": 178.401049, "relative_strength": -47.575469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.483973, "energy": 30.72074, "activity_lines": [ 41.578, 40.742364, 45.131095, 50.759634 ] }, { "date": "2023-11-03", "close": 57.0, "volume": 1568491, "typical_volume": 514307.55, "trend": 57.647333, "fair_value": 177.557986, "relative_strength": -27.918952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.318878, "energy": 14.114214, "activity_lines": [ 46.622667, 43.743818, 45.755286, 50.716796 ] }, { "date": "2023-11-10", "close": 37.5, "volume": 545931, "typical_volume": 531620.15, "trend": 56.297333, "fair_value": 176.592069, "relative_strength": -52.610569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.807502, "energy": 22.439626, "activity_lines": [ 44.144, 42.981727, 44.56281, 49.416968 ] }, { "date": "2023-11-17", "close": 36.5, "volume": 383502, "typical_volume": 539806.0, "trend": 55.047333, "fair_value": 175.632534, "relative_strength": -53.507477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.145646, "energy": 29.87019, "activity_lines": [ 41.707, 42.093364, 43.389381, 48.13972 ] }, { "date": "2023-11-24", "close": 42.995, "volume": 198942, "typical_volume": 542976.5, "trend": 54.3805, "fair_value": 174.730238, "relative_strength": -44.364537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.860794, "energy": 22.816696, "activity_lines": [ 41.831667, 42.341818, 42.972619, 47.362151 ] }, { "date": "2023-12-01", "close": 41.0, "volume": 652494, "typical_volume": 567312.7, "trend": 53.547167, "fair_value": 173.826655, "relative_strength": -45.543169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.665813, "energy": 31.309325, "activity_lines": [ 41.232, 42.129545, 42.468262, 46.498892 ] }, { "date": "2023-12-08", "close": 34.735, "volume": 1016409, "typical_volume": 612594.5, "trend": 52.071667, "fair_value": 172.893154, "relative_strength": -52.952683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.621029, "energy": 37.203881, "activity_lines": [ 38.477333, 40.73, 41.472, 45.285204 ] }, { "date": "2023-12-15", "close": 33.0, "volume": 197815, "typical_volume": 615287.1, "trend": 50.271667, "fair_value": 171.960533, "relative_strength": -55.497895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.328552, "energy": 41.807395, "activity_lines": [ 36.628667, 39.140727, 40.440333, 44.054774 ] }, { "date": "2023-12-22", "close": 35.5, "volume": 383273, "typical_volume": 625224.55, "trend": 48.871667, "fair_value": 171.056821, "relative_strength": -51.359149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.477216, "energy": 49.695341, "activity_lines": [ 35.913333, 38.190091, 39.792, 43.101763 ] }, { "date": "2023-12-29", "close": 34.285, "volume": 156733, "typical_volume": 595556.35, "trend": 47.547833, "fair_value": 170.157007, "relative_strength": -51.875589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.673912, "energy": 55.801834, "activity_lines": [ 34.859667, 37.144909, 39.142238, 42.160688 ] }, { "date": "2024-01-05", "close": 37.95, "volume": 126599, "typical_volume": 589794.65, "trend": 46.646167, "fair_value": 169.292908, "relative_strength": -43.73607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.881721, "energy": 37.240595, "activity_lines": [ 35.608333, 36.908273, 38.930643, 41.541473 ] }, { "date": "2024-01-12", "close": 39.95, "volume": 246649, "typical_volume": 594581.3, "trend": 45.7945, "fair_value": 168.453019, "relative_strength": -41.429624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.985586, "energy": 22.633615, "activity_lines": [ 37.227, 37.072545, 38.947857, 41.109462 ] }, { "date": "2024-01-19", "close": 33.5, "volume": 455394, "typical_volume": 603094.95, "trend": 44.861167, "fair_value": 167.582355, "relative_strength": -51.01865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.571822, "energy": 27.307925, "activity_lines": [ 36.348, 36.374091, 38.374857, 40.316269 ] }, { "date": "2024-01-26", "close": 36.9, "volume": 35789906, "typical_volume": 2378122.25, "trend": 43.907833, "fair_value": 166.744647, "relative_strength": -45.171049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.136516, "energy": 16.06366, "activity_lines": [ 36.569, 36.366545, 38.159262, 39.802645 ] }, { "date": "2024-02-02", "close": 21.9, "volume": 2486399, "typical_volume": 2471376.4, "trend": 42.487833, "fair_value": 163.71516, "relative_strength": -66.91177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.6715, "energy": 35.477014, "activity_lines": [ 31.696667, 33.624455, 36.501643, 38.382785 ] }, { "date": "2024-02-09", "close": 20.1, "volume": 522739, "typical_volume": 2302537.7, "trend": 41.057833, "fair_value": 160.901699, "relative_strength": -69.27899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.603335, "energy": 62.703481, "activity_lines": [ 27.05, 30.938636, 34.747381, 36.938409 ] }, { "date": "2024-02-16", "close": 20.25, "volume": 480734, "typical_volume": 2304662.2, "trend": 39.666167, "fair_value": 158.339199, "relative_strength": -67.690791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.629914, "energy": 68.852649, "activity_lines": [ 23.643333, 28.660091, 33.09431, 35.595968 ] }, { "date": "2024-02-23", "close": 18.9, "volume": 581483, "typical_volume": 2321445.1, "trend": 38.1795, "fair_value": 156.223173, "relative_strength": -69.380882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.537578, "energy": 74.354541, "activity_lines": [ 21.1, 26.399455, 31.414571, 34.256215 ] }, { "date": "2024-03-01", "close": 16.95, "volume": 273827, "typical_volume": 2327115.25, "trend": 36.761167, "fair_value": 154.078622, "relative_strength": -72.400454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.526109, "energy": 74.734926, "activity_lines": [ 18.88, 24.040636, 29.664476, 32.88657 ] }, { "date": "2024-03-08", "close": 15.5, "volume": 294618, "typical_volume": 2337034.5, "trend": 35.511167, "fair_value": 151.851058, "relative_strength": -73.842841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.711991, "energy": 74.276823, "activity_lines": [ 17.506667, 21.755455, 27.897714, 31.514882 ] }, { "date": "2024-03-15", "close": 14.95, "volume": 150346, "typical_volume": 2325614.2, "trend": 34.476167, "fair_value": 149.501378, "relative_strength": -73.972508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.014995, "energy": 69.541532, "activity_lines": [ 16.376667, 19.711818, 26.205262, 30.188355 ] }, { "date": "2024-03-22", "close": 15.25, "volume": 109269, "typical_volume": 2252653.1, "trend": 33.484333, "fair_value": 147.666442, "relative_strength": -73.586676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.035874, "energy": 62.478038, "activity_lines": [ 15.69, 18.140909, 24.660667, 28.947957 ] }, { "date": "2024-03-29", "close": 16.0, "volume": 68395, "typical_volume": 2228776.3, "trend": 32.665833, "fair_value": 146.067083, "relative_strength": -71.542354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.343851, "energy": 49.491952, "activity_lines": [ 15.586667, 17.155455, 23.38631, 27.819935 ] }, { "date": "2024-04-05", "close": 18.45, "volume": 577594, "typical_volume": 2238480.9, "trend": 32.145, "fair_value": 144.233429, "relative_strength": -66.201893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.870651, "energy": 43.528637, "activity_lines": [ 16.493333, 16.933636, 22.447667, 26.902785 ] }, { "date": "2024-04-12", "close": 20.5, "volume": 221856, "typical_volume": 2239626.6, "trend": 31.574833, "fair_value": 142.275096, "relative_strength": -61.051101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.169998, "energy": 32.756324, "activity_lines": [ 17.983333, 17.42, 21.790214, 26.151495 ] }, { "date": "2024-04-19", "close": 21.55, "volume": 166194, "typical_volume": 2215311.6, "trend": 31.014833, "fair_value": 140.192083, "relative_strength": -55.415087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.019859, "energy": 25.162988, "activity_lines": [ 19.49, 18.122727, 21.339881, 25.504731 ] }, { "date": "2024-04-26", "close": 20.9, "volume": 77364, "typical_volume": 2168359.35, "trend": 30.323167, "fair_value": 138.040801, "relative_strength": -57.358172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.468551, "energy": 31.829252, "activity_lines": [ 20.34, 18.680909, 20.920262, 24.852161 ] }, { "date": "2024-05-03", "close": 19.75, "volume": 53472, "typical_volume": 2161142.2, "trend": 29.544, "fair_value": 136.042404, "relative_strength": -59.007004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.710363, "energy": 47.455538, "activity_lines": [ 20.43, 19.018182, 20.457, 24.170022 ] }, { "date": "2024-05-10", "close": 18.6, "volume": 61603, "typical_volume": 2145058.7, "trend": 28.749, "fair_value": 134.366763, "relative_strength": -60.580369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.303826, "energy": 45.867229, "activity_lines": [ 19.886667, 19.130909, 19.94731, 23.463957 ] }, { "date": "2024-05-17", "close": 18.6, "volume": 48947, "typical_volume": 2139669.4, "trend": 27.9655, "fair_value": 132.287276, "relative_strength": -59.84162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.339765, "energy": 50.904621, "activity_lines": [ 19.333333, 19.213636, 19.518095, 22.809183 ] }, { "date": "2024-05-24", "close": 20.2, "volume": 91759, "typical_volume": 2137927.4, "trend": 27.3055, "fair_value": 130.256506, "relative_strength": -55.474857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.743152, "energy": 35.606003, "activity_lines": [ 19.44, 19.530909, 19.315952, 22.308183 ] }, { "date": "2024-05-31", "close": 18.35, "volume": 64581, "typical_volume": 2128824.0, "trend": 26.017167, "fair_value": 128.178622, "relative_strength": -57.506114, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -49.68259, "energy": 38.373068, "activity_lines": [ 19.02, 19.416364, 19.022143, 21.730409 ] }, { "date": "2024-06-07", "close": 16.95, "volume": 104748, "typical_volume": 2111291.7, "trend": 25.332167, "fair_value": 126.072532, "relative_strength": -60.617115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.805699, "energy": 42.764888, "activity_lines": [ 18.303333, 18.990909, 18.697857, 21.14543 ] }, { "date": "2024-06-14", "close": 15.5, "volume": 104024, "typical_volume": 326997.6, "trend": 24.632167, "fair_value": 124.02125, "relative_strength": -64.115757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.994925, "energy": 50.73916, "activity_lines": [ 17.29, 18.284545, 18.314286, 20.511097 ] }, { "date": "2024-06-21", "close": 14.2, "volume": 1295761, "typical_volume": 267465.7, "trend": 23.672333, "fair_value": 121.788558, "relative_strength": -66.175998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.549898, "energy": 62.638095, "activity_lines": [ 16.05, 17.395455, 17.90881, 19.838054 ] }, { "date": "2024-06-28", "close": 14.5, "volume": 78787, "typical_volume": 245268.1, "trend": 22.789, "fair_value": 119.538558, "relative_strength": -64.27667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.477531, "energy": 67.661043, "activity_lines": [ 15.203333, 16.675455, 17.568571, 19.24629 ] }, { "date": "2024-07-05", "close": 16.05, "volume": 79082, "typical_volume": 225185.5, "trend": 22.166167, "fair_value": 117.663878, "relative_strength": -60.517422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.815739, "energy": 61.000324, "activity_lines": [ 15.253333, 16.365455, 17.402619, 18.811516 ] }, { "date": "2024-07-12", "close": 16.5, "volume": 136769, "typical_volume": 202949.8, "trend": 21.616167, "fair_value": 115.974776, "relative_strength": -57.978876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.241971, "energy": 45.940278, "activity_lines": [ 15.606667, 16.225455, 17.299524, 18.445957 ] }, { "date": "2024-07-19", "close": 14.0, "volume": 151886, "typical_volume": 196852.75, "trend": 20.8995, "fair_value": 114.349776, "relative_strength": -61.604441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.163809, "energy": 46.377242, "activity_lines": [ 15.156667, 15.69, 16.969762, 17.954591 ] }, { "date": "2024-07-26", "close": 14.9395, "volume": 144713, "typical_volume": 189357.5, "trend": 20.25465, "fair_value": 112.714772, "relative_strength": -56.475042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.685522, "energy": 38.058449, "activity_lines": [ 15.119833, 15.409, 16.743524, 17.570075 ] }, { "date": "2024-08-02", "close": 13.25, "volume": 89626, "typical_volume": 186321.5, "trend": 19.431317, "fair_value": 110.895862, "relative_strength": -58.767521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.331962, "energy": 45.108443, "activity_lines": [ 14.470533, 14.887373, 16.35905, 17.118162 ] }, { "date": "2024-08-09", "close": 12.771, "volume": 146270, "typical_volume": 188171.55, "trend": 18.52535, "fair_value": 109.115548, "relative_strength": -59.116065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.630313, "energy": 51.80271, "activity_lines": [ 13.7449, 14.405018, 15.937052, 16.688465 ] }, { "date": "2024-08-16", "close": 16.07, "volume": 139436, "typical_volume": 191723.6, "trend": 17.94435, "fair_value": 107.465356, "relative_strength": -49.894377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.615574, "energy": 37.121677, "activity_lines": [ 14.337533, 14.623918, 15.84105, 16.530055 ] }, { "date": "2024-08-23", "close": 15.7, "volume": 167677, "typical_volume": 171227.75, "trend": 17.237683, "fair_value": 105.626894, "relative_strength": -50.254467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.406568, "energy": 28.287195, "activity_lines": [ 14.8355, 14.791545, 15.709476, 16.385258 ] }, { "date": "2024-08-30", "close": 15.25, "volume": 135376, "typical_volume": 166903.75, "trend": 17.016017, "fair_value": 103.096446, "relative_strength": -50.192904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.246979, "energy": 20.861141, "activity_lines": [ 15.070133, 14.873718, 15.54814, 16.25702 ] }, { "date": "2024-09-06", "close": 17.25, "volume": 114087, "typical_volume": 164298.4, "trend": 16.921017, "fair_value": 100.223048, "relative_strength": -39.22251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.571526, "energy": 16.330039, "activity_lines": [ 15.950733, 15.300436, 15.602281, 16.272116 ] }, { "date": "2024-09-13", "close": 15.0, "volume": 177426, "typical_volume": 169301.5, "trend": 16.746017, "fair_value": 97.569202, "relative_strength": -49.019503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.726885, "energy": 17.558006, "activity_lines": [ 15.814667, 15.268064, 15.462612, 16.14818 ] }, { "date": "2024-09-20", "close": 14.95, "volume": 679587, "typical_volume": 200607.25, "trend": 16.61435, "fair_value": 94.604138, "relative_strength": -48.714412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.756085, "energy": 15.446878, "activity_lines": [ 15.513333, 15.245691, 15.346276, 16.032308 ] }, { "date": "2024-09-27", "close": 15.6, "volume": 954742, "typical_volume": 245264.2, "trend": 16.56935, "fair_value": 91.745804, "relative_strength": -45.562047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.204084, "energy": 10.545177, "activity_lines": [ 15.503333, 15.369682, 15.314702, 15.966866 ] }, { "date": "2024-10-04", "close": 14.75, "volume": 158913, "typical_volume": 250762.5, "trend": 16.54435, "fair_value": 89.132022, "relative_strength": -47.052792, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.353539, "energy": 20.290755, "activity_lines": [ 15.216667, 15.310036, 15.216462, 15.849488 ] }, { "date": "2024-10-11", "close": 13.0, "volume": 228450, "typical_volume": 257597.05, "trend": 16.47935, "fair_value": 86.676894, "relative_strength": -52.455982, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.323439, "energy": 39.407394, "activity_lines": [ 14.38, 14.935655, 14.969888, 15.62082 ] }, { "date": "2024-10-18", "close": 13.2, "volume": 66063, "typical_volume": 257671.15, "trend": 16.411017, "fair_value": 84.28074, "relative_strength": -50.229282, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.028971, "energy": 48.000687, "activity_lines": [ 13.893333, 14.602182, 14.776648, 15.409249 ] }, { "date": "2024-10-25", "close": 13.8, "volume": 65528, "typical_volume": 255710.15, "trend": 16.337683, "fair_value": 81.930099, "relative_strength": -46.348675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.574674, "energy": 50.102386, "activity_lines": [ 13.726667, 14.37, 14.665074, 15.240797 ] }, { "date": "2024-11-01", "close": 12.95, "volume": 101763, "typical_volume": 255597.1, "trend": 16.15435, "fair_value": 79.763112, "relative_strength": -46.261019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.86163, "energy": 54.489376, "activity_lines": [ 13.353333, 14.024545, 14.487548, 15.022237 ] }, { "date": "2024-11-08", "close": 12.5, "volume": 76430, "typical_volume": 194630.55, "trend": 15.887683, "fair_value": 77.856061, "relative_strength": -49.335848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.811033, "energy": 51.136526, "activity_lines": [ 13.006667, 13.647273, 14.279307, 14.786472 ] }, { "date": "2024-11-15", "close": 7.2, "volume": 391787, "typical_volume": 210280.55, "trend": 15.40935, "fair_value": 76.110548, "relative_strength": -68.7751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.067885, "energy": 77.79964, "activity_lines": [ 11.043333, 12.356364, 13.5744, 14.225976 ] }, { "date": "2024-11-22", "close": 7.45, "volume": 257704, "typical_volume": 219211.65, "trend": 14.961017, "fair_value": 74.600612, "relative_strength": -66.960718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.168239, "energy": 84.49828, "activity_lines": [ 9.55, 11.293636, 12.928064, 13.71247 ] }, { "date": "2024-11-29", "close": 8.3, "volume": 152968, "typical_volume": 220021.6, "trend": 14.57935, "fair_value": 73.317279, "relative_strength": -62.008294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.469186, "energy": 82.696794, "activity_lines": [ 8.723333, 10.522727, 12.403633, 13.282727 ] }, { "date": "2024-12-06", "close": 6.7, "volume": 134745, "typical_volume": 219164.55, "trend": 14.182683, "fair_value": 71.965997, "relative_strength": -69.252356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.154241, "energy": 88.249383, "activity_lines": [ 7.73, 9.581818, 11.765869, 12.774382 ] }, { "date": "2024-12-13", "close": 5.7, "volume": 780803, "typical_volume": 250969.05, "trend": 13.752683, "fair_value": 70.682022, "relative_strength": -73.152746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.740535, "energy": 90.52277, "activity_lines": [ 6.82, 8.620909, 11.067629, 12.227112 ] }, { "date": "2024-12-20", "close": 4.6, "volume": 568005, "typical_volume": 274888.0, "trend": 13.232683, "fair_value": 69.381381, "relative_strength": -76.969374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.548718, "energy": 90.763046, "activity_lines": [ 5.996667, 7.624545, 10.308624, 11.636616 ] }, { "date": "2024-12-27", "close": 5.3, "volume": 15976720, "typical_volume": 1066410.5, "trend": 12.797683, "fair_value": 67.998689, "relative_strength": -72.696358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.758866, "energy": 85.686178, "activity_lines": [ 5.58, 6.908182, 9.657476, 11.12483 ] }, { "date": "2025-01-03", "close": 4.55, "volume": 2259145, "typical_volume": 1172395.95, "trend": 12.38435, "fair_value": 66.63683, "relative_strength": -75.260205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.133131, "energy": 84.147242, "activity_lines": [ 5.056667, 6.199091, 8.970476, 10.592722 ] }, { "date": "2025-01-10", "close": 4.5, "volume": 760297, "typical_volume": 1202026.95, "trend": 12.017683, "fair_value": 65.354779, "relative_strength": -73.710295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.811539, "energy": 79.437929, "activity_lines": [ 4.766667, 5.649091, 8.333571, 10.084054 ] }, { "date": "2025-01-17", "close": 3.09, "volume": 1019708, "typical_volume": 1246243.55, "trend": 11.64735, "fair_value": 64.195099, "relative_strength": -81.677657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.248811, "energy": 75.673439, "activity_lines": [ 4.153333, 4.996364, 7.615714, 9.508074 ] }, { "date": "2025-01-24", "close": 6.03, "volume": 60116904, "typical_volume": 4246384.4, "trend": 11.365017, "fair_value": 63.265804, "relative_strength": -63.104819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.231693, "energy": 55.820088, "activity_lines": [ 4.694, 5.049273, 7.235762, 9.145665 ] }, { "date": "2025-01-31", "close": 2.455, "volume": 6379797, "typical_volume": 4556502.95, "trend": 10.91185, "fair_value": 62.297567, "relative_strength": -84.311638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.436794, "energy": 58.926409, "activity_lines": [ 3.947667, 4.473455, 6.568762, 8.570825 ] }, { "date": "2025-02-07", "close": 2.58, "volume": 69633702, "typical_volume": 8004208.7, "trend": 10.44785, "fair_value": 61.262824, "relative_strength": -83.083972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.201381, "energy": 57.004484, "activity_lines": [ 3.432667, 4.011182, 5.973405, 8.033286 ] }, { "date": "2025-02-14", "close": 2.49, "volume": 2793169, "typical_volume": 8096130.05, "trend": 10.064183, "fair_value": 60.314042, "relative_strength": -83.676725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.98106, "energy": 59.651453, "activity_lines": [ 3.019, 3.636545, 5.428381, 7.519876 ] }, { "date": "2025-02-21", "close": 2.53, "volume": 1046963, "typical_volume": 8140532.55, "trend": 9.650533, "fair_value": 59.391157, "relative_strength": -82.576292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.338047, "energy": 71.989197, "activity_lines": [ 2.752667, 3.345727, 4.949595, 7.0338 ] }, { "date": "2025-02-28", "close": 1.94, "volume": 710036, "typical_volume": 8164611.85, "trend": 9.273533, "fair_value": 58.483721, "relative_strength": -85.828542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.225916, "energy": 76.595097, "activity_lines": [ 2.327, 3.005273, 4.47281, 6.536346 ] }, { "date": "2025-03-07", "close": 1.88, "volume": 556506, "typical_volume": 8189134.0, "trend": 8.9105, "fair_value": 57.617567, "relative_strength": -85.480943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.172262, "energy": 75.815626, "activity_lines": [ 2.154, 2.702273, 4.042976, 6.059344 ] }, { "date": "2025-03-14", "close": 1.78, "volume": 309392, "typical_volume": 8201327.2, "trend": 8.434167, "fair_value": 56.702696, "relative_strength": -85.579648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.21719, "energy": 64.230431, "activity_lines": [ 1.986, 2.443273, 3.657524, 5.599312 ] }, { "date": "2025-03-21", "close": 1.89, "volume": 213756, "typical_volume": 8206926.85, "trend": 7.973833, "fair_value": 55.727631, "relative_strength": -84.37114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.457437, "energy": 59.640626, "activity_lines": [ 1.908, 2.254636, 3.339786, 5.177108 ] }, { "date": "2025-03-28", "close": 1.76, "volume": 342304, "typical_volume": 8220220.55, "trend": 7.524167, "fair_value": 54.76776, "relative_strength": -84.719352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.721422, "energy": 58.366474, "activity_lines": [ 1.826667, 2.089818, 3.062333, 4.776215 ] }, { "date": "2025-04-04", "close": 1.51, "volume": 356605, "typical_volume": 8218461.45, "trend": 6.9995, "fair_value": 53.831926, "relative_strength": -85.001806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.502437, "energy": 57.332235, "activity_lines": [ 1.713333, 1.903727, 2.812214, 4.388204 ] }, { "date": "2025-04-11", "close": 1.35, "volume": 565515, "typical_volume": 8233852.0, "trend": 6.5445, "fair_value": 52.917503, "relative_strength": -87.067004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.33021, "energy": 55.542747, "activity_lines": [ 1.575333, 1.770727, 2.573952, 4.02372 ] }, { "date": "2025-04-18", "close": 1.309, "volume": 178370, "typical_volume": 8235122.1, "trend": 6.0898, "fair_value": 51.967561, "relative_strength": -86.616124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.150649, "energy": 54.818167, "activity_lines": [ 1.459, 1.650364, 2.360833, 3.685946 ] }, { "date": "2025-04-25", "close": 1.65, "volume": 425770, "typical_volume": 8249673.35, "trend": 5.6248, "fair_value": 51.080702, "relative_strength": -83.492694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.890971, "energy": 77.693473, "activity_lines": [ 1.487733, 1.615109, 2.213481, 3.399508 ] }, { "date": "2025-05-02", "close": 1.57, "volume": 341540, "typical_volume": 8227710.2, "trend": 5.185467, "fair_value": 50.202946, "relative_strength": -84.20679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.495646, "energy": 86.636112, "activity_lines": [ 1.5058, 1.580582, 2.082557, 3.137908 ] }, { "date": "2025-05-09", "close": 1.49, "volume": 192013, "typical_volume": 8208910.6, "trend": 4.8018, "fair_value": 49.654804, "relative_strength": -84.405916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.234756, "energy": 87.735207, "activity_lines": [ 1.509867, 1.548964, 1.963681, 2.89949 ] }, { "date": "2025-05-16", "close": 1.7414, "volume": 330584, "typical_volume": 7426603.8, "trend": 4.419847, "fair_value": 49.069813, "relative_strength": -82.284321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.566449, "energy": 81.593447, "activity_lines": [ 1.599067, 1.571236, 1.883557, 2.702045 ] }, { "date": "2025-05-23", "close": 1.88, "volume": 261577, "typical_volume": 7326725.4, "trend": 4.022513, "fair_value": 48.47289, "relative_strength": -79.565215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.443318, "energy": 74.860424, "activity_lines": [ 1.708373, 1.621229, 1.833579, 2.538184 ] }, { "date": "2025-05-30", "close": 2.46, "volume": 1181053, "typical_volume": 7347763.2, "trend": 3.672847, "fair_value": 47.895711, "relative_strength": -72.717325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.321099, "energy": 37.76263, "activity_lines": [ 1.972947, 1.774858, 1.851553, 2.437377 ] }, { "date": "2025-06-06", "close": 3.13, "volume": 899434, "typical_volume": 7341749.5, "trend": 3.360513, "fair_value": 47.34366, "relative_strength": -64.789105, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 21.14581, "energy": 34.439157, "activity_lines": [ 2.406853, 2.039942, 1.943051, 2.402354 ] }, { "date": "2025-06-13", "close": 2.77, "volume": 422113, "typical_volume": 4357009.95, "trend": 3.212847, "fair_value": 46.848596, "relative_strength": -67.652001, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 13.432437, "energy": 39.753994, "activity_lines": [ 2.61676, 2.214662, 2.000073, 2.364257 ] }, { "date": "2025-06-20", "close": 2.32, "volume": 531208, "typical_volume": 4064580.5, "trend": 3.041847, "fair_value": 46.264108, "relative_strength": -72.062336, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 5.12045, "energy": 33.555233, "activity_lines": [ 2.591333, 2.284655, 2.029762, 2.306654 ] }, { "date": "2025-06-27", "close": 2.45, "volume": 595526, "typical_volume": 612671.7, "trend": 2.846847, "fair_value": 45.648403, "relative_strength": -70.747185, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 3.77421, "energy": 28.00092, "activity_lines": [ 2.570667, 2.360647, 2.072474, 2.26847 ] }, { "date": "2025-07-04", "close": 2.39, "volume": 269195, "typical_volume": 486473.0, "trend": 2.70318, "fair_value": 44.95539, "relative_strength": -70.844805, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -1.126139, "energy": 15.470824, "activity_lines": [ 2.492, 2.404985, 2.110091, 2.238996 ] }, { "date": "2025-07-11", "close": 2.66, "volume": 535290, "typical_volume": 460889.35, "trend": 2.601847, "fair_value": 44.196801, "relative_strength": -66.164324, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 4.819147, "energy": 11.432257, "activity_lines": [ 2.508, 2.48496, 2.173899, 2.23621 ] }, { "date": "2025-07-18", "close": 2.63, "volume": 284500, "typical_volume": 439612.55, "trend": 2.53618, "fair_value": 43.386737, "relative_strength": -65.810916, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.587885, "energy": 18.513324, "activity_lines": [ 2.545333, 2.539662, 2.23423, 2.238027 ] }, { "date": "2025-07-25", "close": 2.72, "volume": 1010791, "typical_volume": 462326.8, "trend": 2.45018, "fair_value": 42.423403, "relative_strength": -63.545879, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.012944, "energy": 26.054672, "activity_lines": [ 2.622, 2.59, 2.299848, 2.249886 ] }, { "date": "2025-08-01", "close": 2.61, "volume": 596419, "typical_volume": 476678.15, "trend": 2.385513, "fair_value": 41.452954, "relative_strength": -62.87775, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.904494, "energy": 25.260717, "activity_lines": [ 2.635333, 2.602545, 2.350989, 2.260197 ] }, { "date": "2025-08-08", "close": 2.83, "volume": 308479, "typical_volume": 481414.3, "trend": 2.329847, "fair_value": 40.531993, "relative_strength": -59.758796, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 34.202167, "energy": 34.298518, "activity_lines": [ 2.711333, 2.641818, 2.41913, 2.288874 ] }, { "date": "2025-08-15", "close": 2.88, "volume": 261075, "typical_volume": 477352.85, "trend": 2.322847, "fair_value": 39.633788, "relative_strength": -57.298121, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.061479, "energy": 48.943956, "activity_lines": [ 2.774667, 2.683455, 2.487556, 2.324367 ] }, { "date": "2025-08-22", "close": 3.25, "volume": 737108, "typical_volume": 496378.0, "trend": 2.23018, "fair_value": 38.862954, "relative_strength": -49.078891, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.440799, "energy": 58.460481, "activity_lines": [ 2.946667, 2.796909, 2.585888, 2.384184 ] }, { "date": "2025-08-29", "close": 2.75, "volume": 380738, "typical_volume": 487139.15, "trend": 2.240013, "fair_value": 38.165839, "relative_strength": -54.654858, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.42166, "energy": 50.809255, "activity_lines": [ 2.910667, 2.810727, 2.628314, 2.41772 ] }, { "date": "2025-09-05", "close": 2.92, "volume": 380558, "typical_volume": 497248.55, "trend": 2.251347, "fair_value": 37.530711, "relative_strength": -49.24081, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.738021, "energy": 46.2171, "activity_lines": [ 2.929333, 2.847636, 2.680265, 2.461591 ] }, { "date": "2025-09-12", "close": 2.945, "volume": 258367, "typical_volume": 488878.4, "trend": 2.266513, "fair_value": 36.889333, "relative_strength": -47.005099, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.756179, "energy": 40.667643, "activity_lines": [ 2.935667, 2.880545, 2.726925, 2.506342 ] }, { "date": "2025-09-19", "close": 3.086, "volume": 246535, "typical_volume": 484128.15, "trend": 2.285047, "fair_value": 35.976422, "relative_strength": -42.613034, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.997477, "energy": 38.794153, "activity_lines": [ 2.981333, 2.929, 2.780847, 2.559212 ] }, { "date": "2025-09-26", "close": 4.04, "volume": 79342257, "typical_volume": 4441640.35, "trend": 2.355047, "fair_value": 35.159371, "relative_strength": -20.186212, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.98164, "energy": 66.175555, "activity_lines": [ 3.331267, 3.143164, 2.918407, 2.672435 ] }, { "date": "2025-10-03", "close": 5.43, "volume": 3859629, "typical_volume": 4618092.6, "trend": 2.47338, "fair_value": 34.296743, "relative_strength": 11.396529, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.780854, "energy": 90.29133, "activity_lines": [ 4.091867, 3.584418, 3.176205, 2.870819 ] }, { "date": "2025-10-10", "close": 5.9, "volume": 5647810, "typical_volume": 4887404.25, "trend": 2.610713, "fair_value": 33.398666, "relative_strength": 28.903174, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.29787, "energy": 95.899457, "activity_lines": [ 4.830467, 4.061855, 3.4612, 3.091892 ] }, { "date": "2025-10-17", "close": 6.79, "volume": 6667887, "typical_volume": 5161745.95, "trend": 2.774047, "fair_value": 32.525525, "relative_strength": 50.621011, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.545035, "energy": 90.298515, "activity_lines": [ 5.667067, 4.641291, 3.811814, 3.361523 ] }, { "date": "2025-10-24", "close": 5.89, "volume": 2239959, "typical_volume": 5228772.2, "trend": 2.911713, "fair_value": 31.701102, "relative_strength": 34.254665, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.225398, "energy": 76.649034, "activity_lines": [ 5.947333, 4.985091, 4.056095, 3.562552 ] }, { "date": "2025-10-31", "close": 5.75, "volume": 1286325, "typical_volume": 5271982.8, "trend": 3.053047, "fair_value": 30.959115, "relative_strength": 34.984695, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.924046, "energy": 57.219004, "activity_lines": [ 5.994, 5.248709, 4.2739, 3.745668 ] }, { "date": "2025-11-07", "close": 6.38, "volume": 995358, "typical_volume": 5295190.3, "trend": 3.220713, "fair_value": 30.253217, "relative_strength": 60.910378, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.995895, "energy": 55.679924, "activity_lines": [ 6.136667, 5.581418, 4.537514, 3.96031 ] }, { "date": "2025-11-14", "close": 5.46, "volume": 585208, "typical_volume": 5294674.4, "trend": 3.35908, "fair_value": 29.573474, "relative_strength": 40.232252, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.840712, "energy": 43.680536, "activity_lines": [ 5.909333, 5.680855, 4.694176, 4.10478 ] }, { "date": "2025-11-21", "close": 5.18, "volume": 581659, "typical_volume": 5310297.6, "trend": 3.476747, "fair_value": 28.933602, "relative_strength": 39.812395, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.870188, "energy": 31.79223, "activity_lines": [ 5.618, 5.6832, 4.809838, 4.222258 ] }, { "date": "2025-11-28", "close": 5.935, "volume": 220139, "typical_volume": 5294540.05, "trend": 3.622247, "fair_value": 28.260108, "relative_strength": 55.881612, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.001438, "energy": 30.552938, "activity_lines": [ 5.685667, 5.782182, 4.984119, 4.380855 ] }, { "date": "2025-12-05", "close": 5.25, "volume": 285696, "typical_volume": 5294599.85, "trend": 3.74758, "fair_value": 27.684788, "relative_strength": 38.421914, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.962332, "energy": 22.795245, "activity_lines": [ 5.522, 5.704818, 5.077567, 4.485872 ] }, { "date": "2025-12-12", "close": 6.21, "volume": 850084, "typical_volume": 5286564.5, "trend": 3.896533, "fair_value": 27.099596, "relative_strength": 67.259194, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.37642, "energy": 26.244753, "activity_lines": [ 5.711667, 5.78, 5.249967, 4.644738 ] }, { "date": "2025-12-19", "close": 4.7, "volume": 637763, "typical_volume": 5288631.7, "trend": 3.990533, "fair_value": 26.575237, "relative_strength": 26.407457, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.663976, "energy": 19.131102, "activity_lines": [ 5.409333, 5.566455, 5.261938, 4.696574 ] }, { "date": "2025-12-26", "close": 5.13, "volume": 363056, "typical_volume": 5291360.55, "trend": 4.079533, "fair_value": 26.039211, "relative_strength": 37.146406, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.107428, "energy": 15.05424, "activity_lines": [ 5.301, 5.452909, 5.30491, 4.770088 ] }, { "date": "2026-01-02", "close": 4.71, "volume": 346823, "typical_volume": 5295647.95, "trend": 4.1322, "fair_value": 25.553378, "relative_strength": 28.598465, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.442256, "energy": 10.574925, "activity_lines": [ 5.056, 5.293182, 5.296929, 4.810763 ] }, { "date": "2026-01-09", "close": 5.08, "volume": 245995, "typical_volume": 5271092.3, "trend": 4.2092, "fair_value": 25.089147, "relative_strength": 36.060921, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.101806, "energy": 12.675354, "activity_lines": [ 5.016, 5.222182, 5.315471, 4.871912 ] }, { "date": "2026-01-16", "close": 4.55, "volume": 267411, "typical_volume": 5265425.95, "trend": 4.283533, "fair_value": 24.586262, "relative_strength": 22.381078, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.513997, "energy": 11.306768, "activity_lines": [ 4.810667, 5.067, 5.274824, 4.893899 ] }, { "date": "2026-01-23", "close": 4.04, "volume": 360840, "typical_volume": 5264440.05, "trend": 4.336533, "fair_value": 24.096134, "relative_strength": 10.162866, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.076456, "energy": 25.76904, "activity_lines": [ 4.546, 4.852364, 5.177033, 4.878187 ] }, { "date": "2026-01-30", "close": 3.18, "volume": 539622, "typical_volume": 5278502.8, "trend": 4.362867, "fair_value": 23.558826, "relative_strength": -13.279446, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.476155, "energy": 52.648946, "activity_lines": [ 4.038667, 4.507182, 4.992005, 4.803572 ] }, { "date": "2026-02-06", "close": 3.36, "volume": 375447, "typical_volume": 5284948.4, "trend": 4.3862, "fair_value": 23.038698, "relative_strength": -6.702289, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.283807, "energy": 57.878381, "activity_lines": [ 3.721333, 4.231091, 4.823, 4.738871 ] }, { "date": "2026-02-13", "close": 3.34, "volume": 153754, "typical_volume": 1325523.25, "trend": 4.409867, "fair_value": 22.557352, "relative_strength": -6.340642, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.484926, "energy": 63.363035, "activity_lines": [ 3.487333, 3.998182, 4.650786, 4.671374 ] }, { "date": "2026-02-20", "close": 3.29, "volume": 74554, "typical_volume": 1136269.5, "trend": 4.428867, "fair_value": 22.088057, "relative_strength": -8.955479, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.571135, "energy": 64.90534, "activity_lines": [ 3.352667, 3.790909, 4.477143, 4.599125 ] }, { "date": "2026-02-27", "close": 3.16, "volume": 108970, "typical_volume": 859327.5, "trend": 4.4472, "fair_value": 21.688442, "relative_strength": -12.720579, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.200591, "energy": 62.417177, "activity_lines": [ 3.258667, 3.613091, 4.30131, 4.517262 ] }, { "date": "2026-03-06", "close": 3.22, "volume": 145194, "typical_volume": 533192.85, "trend": 4.4602, "fair_value": 21.372544, "relative_strength": -10.386658, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.351447, "energy": 65.727335, "activity_lines": [ 3.243333, 3.474182, 4.144238, 4.438088 ] }, { "date": "2026-03-13", "close": 4.26, "volume": 274532, "typical_volume": 434921.5, "trend": 4.5062, "fair_value": 21.069724, "relative_strength": 18.45086, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.709427, "energy": 36.762344, "activity_lines": [ 3.572, 3.559091, 4.103214, 4.425172 ] }, { "date": "2026-03-20", "close": 3.91, "volume": 170260, "typical_volume": 379118.25, "trend": 4.5282, "fair_value": 20.697352, "relative_strength": 9.931119, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.999875, "energy": 29.866255, "activity_lines": [ 3.724, 3.588545, 4.036619, 4.386708 ] }, { "date": "2026-03-27", "close": 3.52, "volume": 101067, "typical_volume": 334403.7, "trend": 4.553867, "fair_value": 20.357737, "relative_strength": 1.47268, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.207118, "energy": 25.728045, "activity_lines": [ 3.708, 3.568364, 3.941643, 4.321662 ] }, { "date": "2026-04-03", "close": 3.78, "volume": 83241, "typical_volume": 309305.35, "trend": 4.582533, "fair_value": 20.013378, "relative_strength": 3.864872, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.994089, "energy": 23.233695, "activity_lines": [ 3.763333, 3.614182, 3.885048, 4.271735 ] }, { "date": "2026-04-10", "close": 4.04, "volume": 144258, "typical_volume": 287435.3, "trend": 4.619033, "fair_value": 19.539275, "relative_strength": 5.091471, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.295928, "energy": 18.414753, "activity_lines": [ 3.864, 3.712, 3.861214, 4.236733 ] }, { "date": "2026-04-17", "close": 4.45, "volume": 202974, "typical_volume": 286577.05, "trend": 4.6645, "fair_value": 19.093442, "relative_strength": 7.733389, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.911477, "energy": 14.278191, "activity_lines": [ 4.046667, 3.868727, 3.881857, 4.225828 ] }, { "date": "2026-04-24", "close": 4.03, "volume": 192792, "typical_volume": 281931.85, "trend": 4.664167, "fair_value": 18.715429, "relative_strength": -5.273475, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.069922, "energy": 14.643932, "activity_lines": [ 4.076667, 3.929273, 3.869571, 4.184892 ] }, { "date": "2026-05-01", "close": 4.495, "volume": 125375, "typical_volume": 245696.4, "trend": 4.633, "fair_value": 18.321166, "relative_strength": 2.982588, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.181753, "energy": 13.76088, "activity_lines": [ 4.253667, 4.061818, 3.907381, 4.173978 ] }, { "date": "2026-05-08", "close": 4.34, "volume": 134792, "typical_volume": 220547.85, "trend": 4.581, "fair_value": 17.842576, "relative_strength": -6.595059, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.38752, "energy": 15.068894, "activity_lines": [ 4.314, 4.144273, 3.938595, 4.155075 ] }, { "date": "2026-05-15", "close": 3.92, "volume": 179900, "typical_volume": 211390.05, "trend": 4.485333, "fair_value": 17.310012, "relative_strength": -15.89972, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.471139, "energy": 10.598099, "activity_lines": [ 4.197, 4.128909, 3.931524, 4.11243 ] }, { "date": "2026-05-22", "close": 4.08, "volume": 103886, "typical_volume": 199243.2, "trend": 4.425, "fair_value": 16.839371, "relative_strength": -14.015525, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.079274, "energy": 8.901561, "activity_lines": [ 4.141333, 4.129909, 3.945452, 4.08628 ] }, { "date": "2026-05-29", "close": 4.0, "volume": 132518, "typical_volume": 193569.35, "trend": 4.366667, "fair_value": 16.390653, "relative_strength": -18.230237, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.156149, "energy": 12.517483, "activity_lines": [ 4.083667, 4.119636, 3.954762, 4.05886 ] }, { "date": "2026-06-05", "close": 3.55, "volume": 214366, "typical_volume": 190917.1, "trend": 4.272333, "fair_value": 15.996743, "relative_strength": -23.809413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.796755, "energy": 23.982569, "activity_lines": [ 3.878, 4.025909, 3.926357, 4.006172 ] }, { "date": "2026-06-12", "close": 3.64, "volume": 148918, "typical_volume": 180321.0, "trend": 4.211667, "fair_value": 15.600204, "relative_strength": -23.589866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.355817, "energy": 26.517933, "activity_lines": [ 3.765333, 3.948, 3.911286, 3.965376 ] }, { "date": "2026-06-19", "close": 3.05, "volume": 136082, "typical_volume": 160144.0, "trend": 4.140667, "fair_value": 15.225525, "relative_strength": -37.586888, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.412458, "energy": 57.136781, "activity_lines": [ 3.502667, 3.765364, 3.841929, 3.89043 ] }, { "date": "2026-06-26", "close": 3.09, "volume": 113582, "typical_volume": 147050.75, "trend": 4.045833, "fair_value": 14.825461, "relative_strength": -33.767697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.834553, "energy": 65.245401, "activity_lines": [ 3.311333, 3.608, 3.777, 3.822645 ] }, { "date": "2026-07-03", "close": 3.41, "volume": 100211, "typical_volume": 144373.6, "trend": 3.9845, "fair_value": 14.433858, "relative_strength": -27.631916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.870906, "energy": 60.548904, "activity_lines": [ 3.292667, 3.533545, 3.743833, 3.781624 ] }, { "date": "2026-07-10", "close": 3.17, "volume": 74322, "typical_volume": 144362.0, "trend": 3.883167, "fair_value": 14.050333, "relative_strength": -33.836166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.651993, "energy": 64.320221, "activity_lines": [ 3.233333, 3.426727, 3.687476, 3.729075 ] }, { "date": "2026-07-17", "close": 3.075, "volume": 92663, "typical_volume": 143546.65, "trend": 3.829, "fair_value": 13.672608, "relative_strength": -32.978488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.186505, "energy": 60.187254, "activity_lines": [ 3.167667, 3.326727, 3.622643, 3.676935 ] }, { "date": "2026-07-24", "close": 2.96, "volume": 44429, "typical_volume": 138508.4, "trend": 3.756667, "fair_value": 13.284531, "relative_strength": -34.343818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.811611, "energy": 56.971761, "activity_lines": [ 3.101333, 3.228818, 3.547262, 3.620871 ] }, { "date": "2026-07-31", "close": 2.82, "volume": 70233, "typical_volume": 128293.45, "trend": 3.693667, "fair_value": 12.921198, "relative_strength": -37.676309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.62768, "energy": 67.1518, "activity_lines": [ 2.994333, 3.122909, 3.459786, 3.560441 ] }, { "date": "2026-08-07", "close": 3.1, "volume": 42945, "typical_volume": 121927.7, "trend": 3.627667, "fair_value": 12.601326, "relative_strength": -34.683078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.081892, "energy": 60.962984, "activity_lines": [ 2.998667, 3.090818, 3.405833, 3.52214 ] } ], "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." } } }