{ "ticker": { "uuid": "a9d3505e-52bf-4c88-8658-f0868df2826d", "symbol": "FAE", "name": "Faes Farma, S.A.", "exchange": "MCE", "country": "ES", "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": "^IBEX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -39.569, "architecture_energy": 25.572, "architecture_maturity": 51.665, "architecture_confidence": 58.906, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 49.61, "rotation_up": 23.78, "upward_expansion": 9.38, "deceleration": 65.43, "rotation_down": 35.92, "downward_expansion": 66.04 }, "activity_lines": [ 4.518, 4.515252, 4.54965, 4.612444 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 4.52, "trend_reference": 4.737316, "distance_from_trend": -0.045873, "trend_direction": "Weakening", "fair_value": 3.776277, "distance_from_fair_value": 0.196946, "fair_value_direction": "Weakening", "relative_strength": -16.873737, "relative_strength_direction": "Weakening", "price_momentum": -0.129094, "excess_performance": -0.253525, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.045873, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.021718, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.196946, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.098587, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.168737, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.090027, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.129094, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.009102, "read": "Demand-led" } ], "volume": { "latest": 480627, "relative_activity": 0.952199, "balance": 1.009102, "dry_up": 1.150125, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.034732, "annualized_volatility": 0.216275, "from_high_reference": -0.162963, "from_low_reference": 0.110905 }, "levels": { "trend_reference": 4.737316, "fair_value_reference": 3.776277, "structural_low": 4.315, "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": 21, "median_return": 0.007378, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.026136, "regime_survival": 0.714286, "best_return": 0.108766, "worst_return": -0.119777, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.009944, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.043592, "regime_survival": 0.5, "best_return": 0.268333, "worst_return": -0.061562, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.049851, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.003704, "regime_survival": 0.4, "best_return": 0.340216, "worst_return": -0.099099, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.263561, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.003233, "regime_survival": 0.25, "best_return": 0.466345, "worst_return": -0.123104, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-01", "tenure": "Developing", "return": -0.036339, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-15", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-06", "tenure": "New", "return": 0.007225, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-01-24", "tenure": "Developing", "return": 0.020694, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.033898, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.103356, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.004335, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.0275, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-11", "end": "2025-08-08", "tenure": "Established", "return": 0.174871, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-10-24", "tenure": "Developing", "return": 0.068883, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-03-20", "tenure": "Established", "return": -0.001358, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.073144, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-22", "tenure": "Developing", "return": -0.053881, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.010052, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2.88085, "volume": 444258, "typical_volume": 1369673.0, "trend": 2.935506, "fair_value": 2.974944, "relative_strength": -11.242654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.641096, "energy": 31.124576, "activity_lines": [ 2.874185, 2.881345, 2.921467, 2.921049 ] }, { "date": "2023-08-25", "close": 2.912657, "volume": 646687, "typical_volume": 1348265.8, "trend": 2.932976, "fair_value": 2.977158, "relative_strength": -10.378181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.473542, "energy": 25.135512, "activity_lines": [ 2.88297, 2.885063, 2.919754, 2.919575 ] }, { "date": "2023-09-01", "close": 2.930833, "volume": 837374, "typical_volume": 1302209.0, "trend": 2.930176, "fair_value": 2.979737, "relative_strength": -10.247599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.17876, "energy": 14.20266, "activity_lines": [ 2.900237, 2.893325, 2.919322, 2.919436 ] }, { "date": "2023-09-08", "close": 2.871762, "volume": 660650, "typical_volume": 1245173.0, "trend": 2.922054, "fair_value": 2.980649, "relative_strength": -10.644208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.925606, "energy": 16.480367, "activity_lines": [ 2.895996, 2.890268, 2.912895, 2.915668 ] }, { "date": "2023-09-15", "close": 2.962641, "volume": 1327023, "typical_volume": 1176071.8, "trend": 2.916231, "fair_value": 2.981623, "relative_strength": -9.014484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.226809, "energy": 10.63121, "activity_lines": [ 2.919928, 2.904065, 2.914778, 2.918286 ] }, { "date": "2023-09-22", "close": 2.876306, "volume": 823052, "typical_volume": 1151007.55, "trend": 2.907384, "fair_value": 2.98239, "relative_strength": -10.615455, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.824157, "energy": 5.962068, "activity_lines": [ 2.908114, 2.9001, 2.908178, 2.91571 ] }, { "date": "2023-09-29", "close": 2.908113, "volume": 902774, "typical_volume": 1071094.15, "trend": 2.907036, "fair_value": 2.984377, "relative_strength": -8.252401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.270696, "energy": 1.962538, "activity_lines": [ 2.907205, 2.901834, 2.905322, 2.915757 ] }, { "date": "2023-10-06", "close": 2.830867, "volume": 974325, "typical_volume": 1058208.2, "trend": 2.906447, "fair_value": 2.985522, "relative_strength": -8.143755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.74695, "energy": 15.62223, "activity_lines": [ 2.88085, 2.890268, 2.895845, 2.910843 ] }, { "date": "2023-10-13", "close": 2.77634, "volume": 890012, "typical_volume": 1019227.7, "trend": 2.906812, "fair_value": 2.98664, "relative_strength": -9.180673, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.213156, "energy": 55.593621, "activity_lines": [ 2.842984, 2.87011, 2.882473, 2.902449 ] }, { "date": "2023-10-20", "close": 2.690005, "volume": 1102688, "typical_volume": 992751.85, "trend": 2.904299, "fair_value": 2.987329, "relative_strength": -9.345286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.468166, "energy": 71.554668, "activity_lines": [ 2.782701, 2.835411, 2.86222, 2.888462 ] }, { "date": "2023-10-27", "close": 2.617302, "volume": 1055750, "typical_volume": 996129.95, "trend": 2.899654, "fair_value": 2.988071, "relative_strength": -10.064932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.776491, "energy": 84.325069, "activity_lines": [ 2.71636, 2.79055, 2.836774, 2.869946 ] }, { "date": "2023-11-03", "close": 2.726356, "volume": 942632, "typical_volume": 998574.65, "trend": 2.896602, "fair_value": 2.988299, "relative_strength": -9.581001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.480699, "energy": 76.164028, "activity_lines": [ 2.703637, 2.770309, 2.823575, 2.858765 ] }, { "date": "2023-11-10", "close": 2.726356, "volume": 1105497, "typical_volume": 1009170.1, "trend": 2.892361, "fair_value": 2.987683, "relative_strength": -9.871995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.880036, "energy": 72.896577, "activity_lines": [ 2.703031, 2.753455, 2.811587, 2.847782 ] }, { "date": "2023-11-17", "close": 2.762708, "volume": 1195370, "typical_volume": 996913.1, "trend": 2.891149, "fair_value": 2.987128, "relative_strength": -11.824447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.9158, "energy": 44.721174, "activity_lines": [ 2.721509, 2.746928, 2.803884, 2.839417 ] }, { "date": "2023-11-24", "close": 2.871762, "volume": 1106712, "typical_volume": 1006581.75, "trend": 2.889938, "fair_value": 2.986651, "relative_strength": -9.497931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.756033, "energy": 17.961177, "activity_lines": [ 2.777248, 2.762212, 2.807173, 2.838166 ] }, { "date": "2023-12-01", "close": 2.88085, "volume": 1720481, "typical_volume": 971066.0, "trend": 2.885091, "fair_value": 2.985787, "relative_strength": -10.491652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.772031, "energy": 16.109119, "activity_lines": [ 2.823899, 2.780801, 2.81122, 2.83758 ] }, { "date": "2023-12-08", "close": 2.912657, "volume": 614925, "typical_volume": 957042.65, "trend": 2.880093, "fair_value": 2.985127, "relative_strength": -9.747152, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.963247, "energy": 18.695261, "activity_lines": [ 2.863583, 2.80509, 2.818252, 2.839358 ] }, { "date": "2023-12-15", "close": 2.871762, "volume": 820226, "typical_volume": 939534.5, "trend": 2.872368, "fair_value": 2.985099, "relative_strength": -9.395606, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.47021, "energy": 22.553775, "activity_lines": [ 2.877215, 2.821861, 2.821562, 2.838821 ] }, { "date": "2023-12-22", "close": 2.908113, "volume": 875408, "typical_volume": 934801.65, "trend": 2.86737, "fair_value": 2.985875, "relative_strength": -7.945442, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.573207, "energy": 24.610025, "activity_lines": [ 2.89327, 2.844498, 2.828486, 2.841127 ] }, { "date": "2023-12-29", "close": 2.871762, "volume": 666474, "typical_volume": 935615.9, "trend": 2.861311, "fair_value": 2.98621, "relative_strength": -8.528624, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.756655, "energy": 21.540894, "activity_lines": [ 2.887514, 2.85813, 2.831624, 2.84141 ] }, { "date": "2024-01-05", "close": 2.930833, "volume": 676146, "typical_volume": 947210.3, "trend": 2.858736, "fair_value": 2.986975, "relative_strength": -6.847343, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.424, "energy": 26.044257, "activity_lines": [ 2.901449, 2.879197, 2.840322, 2.845896 ] }, { "date": "2024-01-12", "close": 2.898106, "volume": 1056970, "typical_volume": 967724.45, "trend": 2.855979, "fair_value": 2.985796, "relative_strength": -6.89742, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.159927, "energy": 20.145369, "activity_lines": [ 2.901142, 2.888614, 2.845666, 2.848436 ] }, { "date": "2024-01-19", "close": 2.838303, "volume": 524681, "typical_volume": 952089.8, "trend": 2.853955, "fair_value": 2.984285, "relative_strength": -6.318157, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.512656, "energy": 7.585583, "activity_lines": [ 2.881872, 2.884034, 2.845383, 2.847295 ] }, { "date": "2024-01-26", "close": 2.842903, "volume": 625947, "typical_volume": 950354.65, "trend": 2.852387, "fair_value": 2.983477, "relative_strength": -6.650168, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.525494, "energy": 5.836175, "activity_lines": [ 2.866365, 2.878256, 2.845979, 2.846582 ] }, { "date": "2024-02-02", "close": 2.801502, "volume": 1142409, "typical_volume": 941123.95, "trend": 2.850802, "fair_value": 2.981626, "relative_strength": -8.884003, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.38016, "energy": 15.695497, "activity_lines": [ 2.841405, 2.863491, 2.842769, 2.843299 ] }, { "date": "2024-02-09", "close": 2.819903, "volume": 824954, "typical_volume": 941219.05, "trend": 2.849074, "fair_value": 2.980412, "relative_strength": -6.413723, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.634693, "energy": 15.468012, "activity_lines": [ 2.827263, 2.85335, 2.84208, 2.841306 ] }, { "date": "2024-02-16", "close": 2.7647, "volume": 804898, "typical_volume": 936325.25, "trend": 2.84293, "fair_value": 2.978636, "relative_strength": -7.822131, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.453761, "energy": 33.502784, "activity_lines": [ 2.802115, 2.83428, 2.836401, 2.835862 ] }, { "date": "2024-02-23", "close": 2.773901, "volume": 636424, "typical_volume": 919430.2, "trend": 2.838608, "fair_value": 2.977412, "relative_strength": -9.356181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.581775, "energy": 44.418705, "activity_lines": [ 2.788928, 2.819573, 2.832282, 2.831409 ] }, { "date": "2024-03-01", "close": 2.7601, "volume": 1554646, "typical_volume": 952661.9, "trend": 2.835946, "fair_value": 2.976643, "relative_strength": -9.018867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.885547, "energy": 52.945784, "activity_lines": [ 2.775434, 2.804137, 2.827119, 2.826344 ] }, { "date": "2024-03-08", "close": 2.723299, "volume": 850078, "typical_volume": 940031.4, "trend": 2.831452, "fair_value": 2.975482, "relative_strength": -12.092602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.487994, "energy": 63.976896, "activity_lines": [ 2.755193, 2.7847, 2.818529, 2.819076 ] }, { "date": "2024-03-15", "close": 2.700298, "volume": 888036, "typical_volume": 931645.7, "trend": 2.825433, "fair_value": 2.973967, "relative_strength": -14.898817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.932954, "energy": 69.065205, "activity_lines": [ 2.732499, 2.76378, 2.80759, 2.810615 ] }, { "date": "2024-03-22", "close": 2.902706, "volume": 1427418, "typical_volume": 955885.0, "trend": 2.825102, "fair_value": 2.973879, "relative_strength": -11.125147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.239533, "energy": 16.787732, "activity_lines": [ 2.785248, 2.783854, 2.815533, 2.8156 ] }, { "date": "2024-03-29", "close": 2.893505, "volume": 647321, "typical_volume": 932976.2, "trend": 2.823857, "fair_value": 2.973452, "relative_strength": -12.24707, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.294839, "energy": 10.624862, "activity_lines": [ 2.825729, 2.802171, 2.821759, 2.820013 ] }, { "date": "2024-04-05", "close": 2.865904, "volume": 456662, "typical_volume": 896040.8, "trend": 2.823662, "fair_value": 2.972662, "relative_strength": -11.592588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.962925, "energy": 19.031379, "activity_lines": [ 2.849037, 2.814466, 2.824561, 2.822726 ] }, { "date": "2024-04-12", "close": 2.902706, "volume": 1089441, "typical_volume": 895177.25, "trend": 2.821664, "fair_value": 2.972947, "relative_strength": -8.33333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.620888, "energy": 43.994386, "activity_lines": [ 2.877558, 2.833034, 2.830377, 2.827826 ] }, { "date": "2024-04-19", "close": 2.930306, "volume": 818704, "typical_volume": 850088.4, "trend": 2.823464, "fair_value": 2.973595, "relative_strength": -7.692105, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.842112, "energy": 61.358897, "activity_lines": [ 2.903319, 2.85478, 2.838673, 2.834835 ] }, { "date": "2024-04-26", "close": 3.109713, "volume": 1600349, "typical_volume": 899359.6, "trend": 2.830184, "fair_value": 2.97558, "relative_strength": -5.553329, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.770614, "energy": 80.655917, "activity_lines": [ 2.973548, 2.907138, 2.863821, 2.853302 ] }, { "date": "2024-05-03", "close": 3.174116, "volume": 1003363, "typical_volume": 908516.45, "trend": 2.841626, "fair_value": 2.977842, "relative_strength": -0.685273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.316502, "energy": 89.298309, "activity_lines": [ 3.051444, 2.964933, 2.894164, 2.875492 ] }, { "date": "2024-05-10", "close": 3.247718, "volume": 1424015, "typical_volume": 935946.8, "trend": 2.857339, "fair_value": 2.980442, "relative_strength": -0.422133, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.12277, "energy": 95.128439, "activity_lines": [ 3.135167, 3.028834, 2.930077, 2.901691 ] }, { "date": "2024-05-17", "close": 3.367323, "volume": 1729194, "typical_volume": 989082.8, "trend": 2.879916, "fair_value": 2.98441, "relative_strength": 1.473634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.972101, "energy": 97.106115, "activity_lines": [ 3.233304, 3.105615, 2.975763, 2.934593 ] }, { "date": "2024-05-24", "close": 3.404124, "volume": 990506, "typical_volume": 1004800.8, "trend": 2.906143, "fair_value": 2.988654, "relative_strength": 3.531923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.523036, "energy": 95.267402, "activity_lines": [ 3.312734, 3.177378, 3.022595, 2.968413 ] }, { "date": "2024-05-31", "close": 3.500727, "volume": 1930486, "typical_volume": 1048476.6, "trend": 2.931956, "fair_value": 2.993487, "relative_strength": 5.884331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.481845, "energy": 96.004352, "activity_lines": [ 3.392777, 3.253907, 3.076373, 3.006773 ] }, { "date": "2024-06-07", "close": 3.496127, "volume": 1988347, "typical_volume": 1121659.9, "trend": 2.957615, "fair_value": 2.998011, "relative_strength": 5.091207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.8784, "energy": 92.313764, "activity_lines": [ 3.445219, 3.318728, 3.126843, 3.043172 ] }, { "date": "2024-06-14", "close": 3.436325, "volume": 1477681, "typical_volume": 1164246.6, "trend": 2.980068, "fair_value": 3.002431, "relative_strength": 7.180118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.170567, "energy": 77.728357, "activity_lines": [ 3.456259, 3.361719, 3.168486, 3.074056 ] }, { "date": "2024-06-21", "close": 3.358122, "volume": 842726, "typical_volume": 1149262.45, "trend": 2.99628, "fair_value": 3.005876, "relative_strength": 4.419588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.380622, "energy": 66.438222, "activity_lines": [ 3.428658, 3.380119, 3.199854, 3.098447 ] }, { "date": "2024-06-28", "close": 3.316721, "volume": 1241490, "typical_volume": 1170089.25, "trend": 3.01081, "fair_value": 3.009495, "relative_strength": 3.954736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.705375, "energy": 60.393229, "activity_lines": [ 3.38787, 3.382712, 3.22463, 3.11912 ] }, { "date": "2024-07-05", "close": 3.32795, "volume": 786356, "typical_volume": 1169162.15, "trend": 3.024653, "fair_value": 3.013112, "relative_strength": 3.593614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.981339, "energy": 44.081087, "activity_lines": [ 3.356652, 3.380321, 3.248109, 3.139581 ] }, { "date": "2024-07-12", "close": 3.346967, "volume": 1323770, "typical_volume": 1203529.45, "trend": 3.040493, "fair_value": 3.016977, "relative_strength": 2.128194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.605177, "energy": 35.987201, "activity_lines": [ 3.343291, 3.377419, 3.270716, 3.160375 ] }, { "date": "2024-07-19", "close": 3.323196, "volume": 522674, "typical_volume": 1151930.85, "trend": 3.054329, "fair_value": 3.021003, "relative_strength": 2.95146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.393169, "energy": 31.021157, "activity_lines": [ 3.331951, 3.367053, 3.288331, 3.178614 ] }, { "date": "2024-07-26", "close": 3.356475, "volume": 710898, "typical_volume": 1144971.85, "trend": 3.070486, "fair_value": 3.025326, "relative_strength": 3.246852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.02082, "energy": 32.709403, "activity_lines": [ 3.339245, 3.361365, 3.306435, 3.198108 ] }, { "date": "2024-08-02", "close": 3.375492, "volume": 528693, "typical_volume": 1127004.7, "trend": 3.085308, "fair_value": 3.029938, "relative_strength": 8.533902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.46723, "energy": 35.836785, "activity_lines": [ 3.352989, 3.359332, 3.323334, 3.217785 ] }, { "date": "2024-08-09", "close": 3.342213, "volume": 578932, "typical_volume": 1084580.4, "trend": 3.100111, "fair_value": 3.034243, "relative_strength": 7.731651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.945693, "energy": 30.915881, "activity_lines": [ 3.351721, 3.351769, 3.333848, 3.23436 ] }, { "date": "2024-08-16", "close": 3.446805, "volume": 498550, "typical_volume": 1077141.85, "trend": 3.120395, "fair_value": 3.038528, "relative_strength": 7.917366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.800018, "energy": 44.430712, "activity_lines": [ 3.384367, 3.366105, 3.352231, 3.256727 ] }, { "date": "2024-08-23", "close": 3.461068, "volume": 457982, "typical_volume": 1077207.85, "trend": 3.141, "fair_value": 3.043522, "relative_strength": 5.243251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.920111, "energy": 47.746398, "activity_lines": [ 3.415111, 3.383931, 3.369337, 3.278706 ] }, { "date": "2024-08-30", "close": 3.532381, "volume": 761935, "typical_volume": 1060832.55, "trend": 3.165363, "fair_value": 3.048303, "relative_strength": 6.247889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.971357, "energy": 61.71481, "activity_lines": [ 3.460434, 3.414272, 3.390401, 3.303957 ] }, { "date": "2024-09-06", "close": 3.489594, "volume": 599243, "typical_volume": 1049859.5, "trend": 3.187686, "fair_value": 3.053469, "relative_strength": 7.071272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.028168, "energy": 67.464927, "activity_lines": [ 3.479768, 3.433667, 3.404392, 3.324875 ] }, { "date": "2024-09-13", "close": 3.522873, "volume": 611405, "typical_volume": 1000412.3, "trend": 3.212959, "fair_value": 3.0589, "relative_strength": 4.687219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.926274, "energy": 68.399773, "activity_lines": [ 3.502588, 3.455968, 3.418888, 3.3465 ] }, { "date": "2024-09-20", "close": 3.522873, "volume": 1066337, "typical_volume": 1003561.0, "trend": 3.237924, "fair_value": 3.062984, "relative_strength": 2.809271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.46422, "energy": 60.957412, "activity_lines": [ 3.513365, 3.474726, 3.431418, 3.366494 ] }, { "date": "2024-09-27", "close": 3.532381, "volume": 446354, "typical_volume": 954677.95, "trend": 3.263667, "fair_value": 3.068068, "relative_strength": 1.327157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.699631, "energy": 51.020691, "activity_lines": [ 3.522239, 3.492014, 3.443192, 3.385491 ] }, { "date": "2024-10-04", "close": 3.50861, "volume": 533429, "typical_volume": 894889.7, "trend": 3.289844, "fair_value": 3.072175, "relative_strength": 3.348131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.794102, "energy": 46.268149, "activity_lines": [ 3.518436, 3.501176, 3.451346, 3.401294 ] }, { "date": "2024-10-11", "close": 3.494348, "volume": 464113, "typical_volume": 868570.05, "trend": 3.316312, "fair_value": 3.07642, "relative_strength": 2.411312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.965624, "energy": 39.749095, "activity_lines": [ 3.511463, 3.50498, 3.45747, 3.414488 ] }, { "date": "2024-10-18", "close": 3.513364, "volume": 515676, "typical_volume": 797829.55, "trend": 3.336668, "fair_value": 3.080725, "relative_strength": 1.218944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.680638, "energy": 35.609108, "activity_lines": [ 3.510512, 3.51008, 3.464975, 3.427201 ] }, { "date": "2024-10-25", "close": 3.442051, "volume": 443029, "typical_volume": 720563.65, "trend": 3.354952, "fair_value": 3.084352, "relative_strength": 0.124334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.28834, "energy": 22.307727, "activity_lines": [ 3.486424, 3.499102, 3.465628, 3.434 ] }, { "date": "2024-11-01", "close": 3.404017, "volume": 628762, "typical_volume": 678117.7, "trend": 3.37289, "fair_value": 3.087778, "relative_strength": -1.198376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.750776, "energy": 14.162012, "activity_lines": [ 3.455046, 3.481295, 3.462916, 3.437165 ] }, { "date": "2024-11-08", "close": 3.32795, "volume": 477326, "typical_volume": 659847.7, "trend": 3.387064, "fair_value": 3.090654, "relative_strength": -0.951088, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.917288, "energy": 16.146919, "activity_lines": [ 3.40687, 3.450695, 3.453113, 3.434266 ] }, { "date": "2024-11-15", "close": 3.32795, "volume": 488643, "typical_volume": 622205.35, "trend": 3.400319, "fair_value": 3.093884, "relative_strength": -1.688078, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.316809, "energy": 30.92497, "activity_lines": [ 3.370738, 3.423812, 3.443455, 3.430452 ] }, { "date": "2024-11-22", "close": 3.289917, "volume": 721209, "typical_volume": 618948.0, "trend": 3.406326, "fair_value": 3.097614, "relative_strength": -2.941203, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.798613, "energy": 46.945696, "activity_lines": [ 3.333021, 3.392953, 3.43012, 3.423329 ] }, { "date": "2024-11-29", "close": 3.380246, "volume": 928078, "typical_volume": 599163.4, "trend": 3.413197, "fair_value": 3.102152, "relative_strength": -0.186727, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.411303, "energy": 42.50737, "activity_lines": [ 3.340311, 3.382753, 3.42557, 3.421647 ] }, { "date": "2024-12-06", "close": 3.313687, "volume": 736556, "typical_volume": 609857.5, "trend": 3.415396, "fair_value": 3.105573, "relative_strength": -5.578127, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.101963, "energy": 54.824247, "activity_lines": [ 3.329535, 3.363045, 3.414522, 3.415227 ] }, { "date": "2024-12-13", "close": 3.251883, "volume": 793789, "typical_volume": 614002.05, "trend": 3.411548, "fair_value": 3.108667, "relative_strength": -4.768085, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.402919, "energy": 54.152744, "activity_lines": [ 3.304179, 3.336075, 3.397633, 3.404678 ] }, { "date": "2024-12-20", "close": 3.232866, "volume": 1807013, "typical_volume": 677918.05, "trend": 3.405839, "fair_value": 3.111629, "relative_strength": -2.937228, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.290224, "energy": 48.118976, "activity_lines": [ 3.277555, 3.310316, 3.379431, 3.39315 ] }, { "date": "2024-12-27", "close": 3.280408, "volume": 492142, "typical_volume": 673578.55, "trend": 3.398495, "fair_value": 3.113519, "relative_strength": -2.060296, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.433751, "energy": 49.198015, "activity_lines": [ 3.273118, 3.297955, 3.366437, 3.385057 ] }, { "date": "2025-01-03", "close": 3.323196, "volume": 447939, "typical_volume": 671048.0, "trend": 3.392731, "fair_value": 3.116223, "relative_strength": -1.784329, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.316536, "energy": 39.32157, "activity_lines": [ 3.283578, 3.29761, 3.357811, 3.380199 ] }, { "date": "2025-01-10", "close": 3.352852, "volume": 784868, "typical_volume": 687392.3, "trend": 3.389949, "fair_value": 3.118732, "relative_strength": -1.48702, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.685481, "energy": 25.948797, "activity_lines": [ 3.307726, 3.304817, 3.352599, 3.377627 ] }, { "date": "2025-01-17", "close": 3.237402, "volume": 1268789, "typical_volume": 712735.0, "trend": 3.385925, "fair_value": 3.120864, "relative_strength": -6.338229, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.679885, "energy": 30.585752, "activity_lines": [ 3.290779, 3.291964, 3.336906, 3.367785 ] }, { "date": "2025-01-24", "close": 3.319179, "volume": 1037967, "typical_volume": 734671.2, "trend": 3.386006, "fair_value": 3.12352, "relative_strength": -4.445972, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.948457, "energy": 19.529265, "activity_lines": [ 3.302057, 3.295625, 3.330407, 3.363479 ] }, { "date": "2025-01-31", "close": 3.405766, "volume": 7192781, "typical_volume": 1063740.0, "trend": 3.3886, "fair_value": 3.126863, "relative_strength": -4.996132, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.679814, "energy": 12.85278, "activity_lines": [ 3.336443, 3.315189, 3.332965, 3.364754 ] }, { "date": "2025-02-07", "close": 3.521216, "volume": 1328857, "typical_volume": 1076866.0, "trend": 3.394409, "fair_value": 3.13066, "relative_strength": -4.205518, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.923873, "energy": 19.99439, "activity_lines": [ 3.400956, 3.353638, 3.347076, 3.373309 ] }, { "date": "2025-02-14", "close": 3.521216, "volume": 1850263, "typical_volume": 1147061.45, "trend": 3.401009, "fair_value": 3.133797, "relative_strength": -6.131403, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.665512, "energy": 33.218028, "activity_lines": [ 3.452267, 3.389523, 3.361196, 3.38149 ] }, { "date": "2025-02-21", "close": 3.583751, "volume": 1260731, "typical_volume": 1183426.55, "trend": 3.408585, "fair_value": 3.137566, "relative_strength": -4.453121, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.35998, "energy": 56.063034, "activity_lines": [ 3.513199, 3.433006, 3.381324, 3.39328 ] }, { "date": "2025-02-28", "close": 3.21335, "volume": 20338260, "typical_volume": 2177133.9, "trend": 3.40318, "fair_value": 3.140523, "relative_strength": -16.680441, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -6.313871, "energy": 17.926683, "activity_lines": [ 3.427573, 3.403108, 3.365818, 3.380684 ] }, { "date": "2025-03-07", "close": 3.3288, "volume": 2041899, "typical_volume": 2253445.05, "trend": 3.402733, "fair_value": 3.143813, "relative_strength": -13.023493, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.063848, "energy": 13.338457, "activity_lines": [ 3.387487, 3.394557, 3.362645, 3.375886 ] }, { "date": "2025-03-14", "close": 3.174867, "volume": 2261760, "typical_volume": 2344381.6, "trend": 3.393669, "fair_value": 3.145808, "relative_strength": -15.378612, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.019067, "energy": 31.751131, "activity_lines": [ 3.30122, 3.357137, 3.345691, 3.361185 ] }, { "date": "2025-03-21", "close": 3.343231, "volume": 8850461, "typical_volume": 2755466.55, "trend": 3.389741, "fair_value": 3.146913, "relative_strength": -13.108019, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.119958, "energy": 32.972184, "activity_lines": [ 3.294165, 3.353027, 3.346044, 3.357931 ] }, { "date": "2025-03-28", "close": 3.848324, "volume": 6775583, "typical_volume": 3070379.4, "trend": 3.400272, "fair_value": 3.151442, "relative_strength": 0.140689, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.258845, "energy": 23.478373, "activity_lines": [ 3.46734, 3.440926, 3.39479, 3.387517 ] }, { "date": "2025-04-04", "close": 3.742495, "volume": 2818289, "typical_volume": 3186861.7, "trend": 3.408702, "fair_value": 3.15422, "relative_strength": 4.074612, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.939973, "energy": 62.686019, "activity_lines": [ 3.5876, 3.498476, 3.43098, 3.409596 ] }, { "date": "2025-04-11", "close": 3.564509, "volume": 2762015, "typical_volume": 3288902.0, "trend": 3.41009, "fair_value": 3.155775, "relative_strength": 0.099323, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.385771, "energy": 59.4902, "activity_lines": [ 3.613255, 3.515968, 3.448244, 3.419648 ] }, { "date": "2025-04-18", "close": 3.728064, "volume": 1015297, "typical_volume": 3293262.95, "trend": 3.41693, "fair_value": 3.158323, "relative_strength": -0.531864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.755932, "energy": 69.215879, "activity_lines": [ 3.677715, 3.560312, 3.479778, 3.440162 ] }, { "date": "2025-04-25", "close": 3.997446, "volume": 2317323, "typical_volume": 3372301.3, "trend": 3.432432, "fair_value": 3.162102, "relative_strength": 3.023009, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.448805, "energy": 77.201322, "activity_lines": [ 3.795088, 3.649873, 3.53531, 3.477615 ] }, { "date": "2025-05-02", "close": 4.146569, "volume": 1790443, "typical_volume": 3422134.0, "trend": 3.453697, "fair_value": 3.167415, "relative_strength": 6.027888, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.766269, "energy": 81.609659, "activity_lines": [ 3.918556, 3.757888, 3.601789, 3.523688 ] }, { "date": "2025-05-09", "close": 4.122516, "volume": 1236597, "typical_volume": 3393613.2, "trend": 3.474636, "fair_value": 3.172492, "relative_strength": 4.496673, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.449235, "energy": 83.952614, "activity_lines": [ 4.014122, 3.851297, 3.661717, 3.566838 ] }, { "date": "2025-05-16", "close": 4.093655, "volume": 1112010, "typical_volume": 3424606.6, "trend": 3.493979, "fair_value": 3.177383, "relative_strength": 0.040468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.316471, "energy": 81.402479, "activity_lines": [ 4.074733, 3.922929, 3.714659, 3.606774 ] }, { "date": "2025-05-23", "close": 4.093655, "volume": 729579, "typical_volume": 3438688.6, "trend": 3.515699, "fair_value": 3.181669, "relative_strength": -0.158247, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.024172, "energy": 76.389966, "activity_lines": [ 4.100068, 3.980654, 3.763729, 3.645463 ] }, { "date": "2025-05-30", "close": 4.199483, "volume": 963000, "typical_volume": 3447595.2, "trend": 3.542215, "fair_value": 3.186799, "relative_strength": 2.158921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.574746, "energy": 76.195594, "activity_lines": [ 4.136307, 4.040915, 3.819209, 3.689578 ] }, { "date": "2025-06-06", "close": 4.127327, "volume": 685758, "typical_volume": 3418443.65, "trend": 3.568861, "fair_value": 3.191411, "relative_strength": -0.157219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.166889, "energy": 55.734296, "activity_lines": [ 4.135024, 4.072489, 3.863786, 3.727327 ] }, { "date": "2025-06-13", "close": 4.358227, "volume": 1619533, "typical_volume": 3447521.95, "trend": 3.603203, "fair_value": 3.198714, "relative_strength": 7.977585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.128517, "energy": 59.735808, "activity_lines": [ 4.21199, 4.140971, 3.926115, 3.778254 ] }, { "date": "2025-06-20", "close": 4.338985, "volume": 927507, "typical_volume": 3134258.25, "trend": 3.638172, "fair_value": 3.205013, "relative_strength": 7.905318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.55795, "energy": 59.44056, "activity_lines": [ 4.266829, 4.19476, 3.981664, 3.825724 ] }, { "date": "2025-06-27", "close": 4.353416, "volume": 921318, "typical_volume": 3113881.3, "trend": 3.670611, "fair_value": 3.211379, "relative_strength": 7.283284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.456499, "energy": 68.717045, "activity_lines": [ 4.310123, 4.237092, 4.034143, 3.871869 ] }, { "date": "2025-07-04", "close": 4.495478, "volume": 1330436, "typical_volume": 3087889.95, "trend": 3.710004, "fair_value": 3.217546, "relative_strength": 10.60727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.244947, "energy": 85.227656, "activity_lines": [ 4.383453, 4.293883, 4.096189, 3.925086 ] }, { "date": "2025-07-11", "close": 4.515326, "volume": 983050, "typical_volume": 3074005.9, "trend": 3.752119, "fair_value": 3.223229, "relative_strength": 10.62701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.015072, "energy": 87.330989, "activity_lines": [ 4.443666, 4.345227, 4.155486, 3.977042 ] }, { "date": "2025-07-18", "close": 4.555021, "volume": 725128, "typical_volume": 2093349.3, "trend": 3.796191, "fair_value": 3.229722, "relative_strength": 11.570041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.755843, "energy": 87.596874, "activity_lines": [ 4.491244, 4.397084, 4.214127, 4.028842 ] }, { "date": "2025-07-25", "close": 4.381354, "volume": 1745656, "typical_volume": 2078537.15, "trend": 3.832889, "fair_value": 3.234658, "relative_strength": 5.395094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.350543, "energy": 69.632976, "activity_lines": [ 4.467814, 4.409502, 4.24984, 4.066595 ] }, { "date": "2025-08-01", "close": 4.277154, "volume": 861386, "typical_volume": 2008518.45, "trend": 3.864688, "fair_value": 3.240119, "relative_strength": 3.786308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.956193, "energy": 52.997722, "activity_lines": [ 4.406825, 4.397743, 4.270617, 4.095257 ] }, { "date": "2025-08-08", "close": 4.18784, "volume": 791227, "typical_volume": 1605556.75, "trend": 3.892521, "fair_value": 3.245091, "relative_strength": -2.964203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.127296, "energy": 34.623206, "activity_lines": [ 4.32115, 4.366409, 4.277639, 4.116105 ] }, { "date": "2025-08-15", "close": 4.177917, "volume": 300784, "typical_volume": 1281816.8, "trend": 3.923871, "fair_value": 3.249333, "relative_strength": -5.80312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.864021, "energy": 27.840382, "activity_lines": [ 4.252676, 4.333483, 4.279693, 4.134518 ] }, { "date": "2025-08-22", "close": 4.217611, "volume": 482768, "typical_volume": 1165040.75, "trend": 3.953819, "fair_value": 3.254274, "relative_strength": -5.440397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.260115, "energy": 27.055957, "activity_lines": [ 4.219927, 4.306854, 4.283959, 4.153469 ] }, { "date": "2025-08-29", "close": 4.167993, "volume": 439294, "typical_volume": 1048904.7, "trend": 3.979227, "fair_value": 3.258786, "relative_strength": -3.471535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.9246, "energy": 21.179722, "activity_lines": [ 4.193133, 4.27376, 4.281237, 4.167287 ] }, { "date": "2025-09-05", "close": 4.277154, "volume": 616475, "typical_volume": 1028963.6, "trend": 4.004424, "fair_value": 3.264053, "relative_strength": -0.215729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.812719, "energy": 15.918576, "activity_lines": [ 4.21695, 4.263622, 4.286037, 4.186508 ] }, { "date": "2025-09-12", "close": 4.272192, "volume": 374199, "typical_volume": 931807.4, "trend": 4.029457, "fair_value": 3.269649, "relative_strength": -3.139848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.711321, "energy": 11.93498, "activity_lines": [ 4.239113, 4.253969, 4.28775, 4.203783 ] }, { "date": "2025-09-19", "close": 4.172955, "volume": 571795, "typical_volume": 870875.0, "trend": 4.049097, "fair_value": 3.27583, "relative_strength": -4.928467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.752692, "energy": 7.418136, "activity_lines": [ 4.222573, 4.230332, 4.278703, 4.213041 ] }, { "date": "2025-09-26", "close": 4.158069, "volume": 436954, "typical_volume": 830892.85, "trend": 4.080588, "fair_value": 3.281888, "relative_strength": -5.668057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.64651, "energy": 5.972644, "activity_lines": [ 4.201403, 4.210214, 4.268113, 4.220072 ] }, { "date": "2025-10-03", "close": 4.336697, "volume": 732426, "typical_volume": 811913.65, "trend": 4.114184, "fair_value": 3.288841, "relative_strength": -2.949855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.614733, "energy": 15.810738, "activity_lines": [ 4.243744, 4.229791, 4.274366, 4.236595 ] }, { "date": "2025-10-10", "close": 4.326773, "volume": 413422, "typical_volume": 796105.8, "trend": 4.152581, "fair_value": 3.29598, "relative_strength": -2.370814, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.460841, "energy": 17.298556, "activity_lines": [ 4.271531, 4.248375, 4.278517, 4.25031 ] }, { "date": "2025-10-17", "close": 4.421049, "volume": 725687, "typical_volume": 784240.15, "trend": 4.188508, "fair_value": 3.303724, "relative_strength": -0.965558, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.68603, "energy": 30.970941, "activity_lines": [ 4.327435, 4.283199, 4.290536, 4.267631 ] }, { "date": "2025-10-24", "close": 4.465706, "volume": 955613, "typical_volume": 797732.9, "trend": 4.209088, "fair_value": 3.311338, "relative_strength": -1.542339, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.209502, "energy": 57.481277, "activity_lines": [ 4.388301, 4.321901, 4.305753, 4.285514 ] }, { "date": "2025-10-31", "close": 4.426011, "volume": 496030, "typical_volume": 741557.75, "trend": 4.231872, "fair_value": 3.31978, "relative_strength": -3.385067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.94876, "energy": 62.830559, "activity_lines": [ 4.416418, 4.348154, 4.315578, 4.299509 ] }, { "date": "2025-11-07", "close": 4.361506, "volume": 611904, "typical_volume": 725777.6, "trend": 4.258438, "fair_value": 3.328085, "relative_strength": -3.918305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.447669, "energy": 59.072362, "activity_lines": [ 4.405171, 4.35889, 4.318937, 4.307873 ] }, { "date": "2025-11-14", "close": 4.594716, "volume": 589580, "typical_volume": 709190.7, "trend": 4.287327, "fair_value": 3.337914, "relative_strength": -1.500693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.588241, "energy": 69.456934, "activity_lines": [ 4.470007, 4.408509, 4.3444, 4.329568 ] }, { "date": "2025-11-21", "close": 4.550059, "volume": 509393, "typical_volume": 668138.55, "trend": 4.305747, "fair_value": 3.346679, "relative_strength": 0.736158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.47573, "energy": 57.559354, "activity_lines": [ 4.502094, 4.444235, 4.36446, 4.346519 ] }, { "date": "2025-11-28", "close": 4.723725, "volume": 429889, "typical_volume": 640480.5, "trend": 4.324986, "fair_value": 3.356446, "relative_strength": 1.082082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.895779, "energy": 71.695655, "activity_lines": [ 4.583469, 4.506484, 4.4008, 4.373485 ] }, { "date": "2025-12-05", "close": 4.639373, "volume": 609152, "typical_volume": 634681.7, "trend": 4.342214, "fair_value": 3.366311, "relative_strength": -2.631126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.62667, "energy": 74.206966, "activity_lines": [ 4.619525, 4.543383, 4.428114, 4.393768 ] }, { "date": "2025-12-12", "close": 4.768382, "volume": 676217, "typical_volume": 581209.75, "trend": 4.364705, "fair_value": 3.377447, "relative_strength": -0.950044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.581189, "energy": 78.141232, "activity_lines": [ 4.684361, 4.594986, 4.467313, 4.421263 ] }, { "date": "2025-12-19", "close": 4.932124, "volume": 566009, "typical_volume": 566440.9, "trend": 4.392654, "fair_value": 3.389577, "relative_strength": 0.533154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.491918, "energy": 87.71093, "activity_lines": [ 4.776652, 4.668513, 4.520264, 4.45787 ] }, { "date": "2025-12-26", "close": 5.170296, "volume": 631150, "typical_volume": 558437.05, "trend": 4.425015, "fair_value": 3.403234, "relative_strength": 5.251269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.101311, "energy": 94.223703, "activity_lines": [ 4.92584, 4.774336, 4.592778, 4.508041 ] }, { "date": "2026-01-02", "close": 5.180219, "volume": 1434004, "typical_volume": 615098.05, "trend": 4.460111, "fair_value": 3.416751, "relative_strength": 3.451161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.278992, "energy": 93.961487, "activity_lines": [ 5.036986, 4.868342, 4.661559, 4.556764 ] }, { "date": "2026-01-09", "close": 5.29, "volume": 841176, "typical_volume": 633018.45, "trend": 4.49117, "fair_value": 3.43083, "relative_strength": 4.610048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.877442, "energy": 93.699124, "activity_lines": [ 5.154293, 4.969316, 4.736023, 4.610305 ] }, { "date": "2026-01-16", "close": 5.12, "volume": 691692, "typical_volume": 645638.35, "trend": 4.517204, "fair_value": 3.444129, "relative_strength": 0.776669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.847665, "energy": 85.825082, "activity_lines": [ 5.171558, 5.023672, 4.78919, 4.650875 ] }, { "date": "2026-01-23", "close": 5.13, "volume": 1040409, "typical_volume": 666835.05, "trend": 4.54309, "fair_value": 3.457856, "relative_strength": 1.826624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.28988, "energy": 63.593347, "activity_lines": [ 5.168716, 5.066056, 4.838776, 4.69041 ] }, { "date": "2026-01-30", "close": 5.23, "volume": 644280, "typical_volume": 680339.1, "trend": 4.567574, "fair_value": 3.472056, "relative_strength": 1.741126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.100283, "energy": 61.967474, "activity_lines": [ 5.186015, 5.116889, 4.893824, 4.734727 ] }, { "date": "2026-02-06", "close": 5.19, "volume": 532783, "typical_volume": 678388.5, "trend": 4.590063, "fair_value": 3.485354, "relative_strength": 0.532922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.880036, "energy": 54.626319, "activity_lines": [ 5.186, 5.148087, 4.940502, 4.774883 ] }, { "date": "2026-02-13", "close": 5.34, "volume": 537698, "typical_volume": 683425.7, "trend": 4.616229, "fair_value": 3.499474, "relative_strength": 4.811252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.868762, "energy": 59.625411, "activity_lines": [ 5.235333, 5.19808, 4.996622, 4.823266 ] }, { "date": "2026-02-20", "close": 5.16, "volume": 873020, "typical_volume": 690455.4, "trend": 4.642184, "fair_value": 3.512412, "relative_strength": -1.628156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.310603, "energy": 51.049477, "activity_lines": [ 5.221333, 5.202607, 5.029971, 4.858348 ] }, { "date": "2026-02-27", "close": 5.2, "volume": 1261757, "typical_volume": 732872.15, "trend": 4.672946, "fair_value": 3.527036, "relative_strength": -2.086584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.117382, "energy": 45.155622, "activity_lines": [ 5.218, 5.207286, 5.06321, 4.894336 ] }, { "date": "2026-03-06", "close": 4.735, "volume": 1448486, "typical_volume": 769012.1, "trend": 4.691184, "fair_value": 3.539129, "relative_strength": -4.291928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.041259, "energy": 17.955235, "activity_lines": [ 5.055, 5.122549, 5.048004, 4.89834 ] }, { "date": "2026-03-13", "close": 4.555, "volume": 1037278, "typical_volume": 773095.35, "trend": 4.703754, "fair_value": 3.550601, "relative_strength": -7.988521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -10.31199, "energy": 20.397914, "activity_lines": [ 4.865, 5.013, 5.014161, 4.889554 ] }, { "date": "2026-03-20", "close": 4.42, "volume": 887673, "typical_volume": 792677.5, "trend": 4.7105, "fair_value": 3.561207, "relative_strength": -8.955584, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -39.327701, "energy": 42.795793, "activity_lines": [ 4.672333, 4.890273, 4.967035, 4.871247 ] }, { "date": "2026-03-27", "close": 4.58, "volume": 795706, "typical_volume": 801867.6, "trend": 4.724234, "fair_value": 3.572895, "relative_strength": -6.053709, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.367348, "energy": 42.507145, "activity_lines": [ 4.594333, 4.812455, 4.935176, 4.862828 ] }, { "date": "2026-04-03", "close": 4.695, "volume": 495433, "typical_volume": 797160.25, "trend": 4.738162, "fair_value": 3.584928, "relative_strength": -7.620422, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.507334, "energy": 51.485671, "activity_lines": [ 4.593333, 4.765364, 4.913229, 4.860942 ] }, { "date": "2026-04-10", "close": 4.895, "volume": 605556, "typical_volume": 801968.4, "trend": 4.758922, "fair_value": 3.598014, "relative_strength": -6.984517, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.877036, "energy": 37.642729, "activity_lines": [ 4.692667, 4.762545, 4.909852, 4.87106 ] }, { "date": "2026-04-17", "close": 4.915, "volume": 602976, "typical_volume": 810622.75, "trend": 4.783657, "fair_value": 3.611578, "relative_strength": -7.881138, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.793719, "energy": 6.418322, "activity_lines": [ 4.788, 4.769455, 4.906737, 4.88113 ] }, { "date": "2026-04-24", "close": 4.8, "volume": 592839, "typical_volume": 809807.1, "trend": 4.805055, "fair_value": 3.623705, "relative_strength": -5.827302, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.391919, "energy": 10.321715, "activity_lines": [ 4.821, 4.760455, 4.891759, 4.882184 ] }, { "date": "2026-05-01", "close": 4.762066, "volume": 480636, "typical_volume": 800028.05, "trend": 4.819234, "fair_value": 3.634832, "relative_strength": -6.790553, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.359712, "energy": 11.01212, "activity_lines": [ 4.816022, 4.754376, 4.872403, 4.879411 ] }, { "date": "2026-05-08", "close": 4.722832, "volume": 580518, "typical_volume": 800753.5, "trend": 4.832435, "fair_value": 3.645475, "relative_strength": -7.871063, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.298025, "energy": 7.797765, "activity_lines": [ 4.785828, 4.748398, 4.849341, 4.873191 ] }, { "date": "2026-05-15", "close": 4.507043, "volume": 563553, "typical_volume": 797373.65, "trend": 4.835302, "fair_value": 3.654472, "relative_strength": -10.53792, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -37.160005, "energy": 32.653688, "activity_lines": [ 4.681849, 4.711863, 4.806724, 4.852198 ] }, { "date": "2026-05-22", "close": 4.541373, "volume": 1227918, "typical_volume": 787069.35, "trend": 4.837824, "fair_value": 3.66398, "relative_strength": -11.449059, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.921009, "energy": 54.355646, "activity_lines": [ 4.615178, 4.685713, 4.770535, 4.833235 ] }, { "date": "2026-05-29", "close": 4.565895, "volume": 541044, "typical_volume": 772062.75, "trend": 4.842487, "fair_value": 3.673675, "relative_strength": -12.517914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.877817, "energy": 60.900377, "activity_lines": [ 4.581588, 4.66427, 4.739724, 4.815691 ] }, { "date": "2026-06-05", "close": 4.482522, "volume": 210002, "typical_volume": 747978.25, "trend": 4.846521, "fair_value": 3.683126, "relative_strength": -13.766531, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.913646, "energy": 72.368168, "activity_lines": [ 4.535815, 4.625016, 4.70442, 4.792468 ] }, { "date": "2026-06-12", "close": 4.433478, "volume": 179342, "typical_volume": 704924.9, "trend": 4.841146, "fair_value": 3.692438, "relative_strength": -16.178563, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.953806, "energy": 74.783654, "activity_lines": [ 4.49233, 4.578617, 4.667481, 4.76582 ] }, { "date": "2026-06-19", "close": 4.472713, "volume": 134677, "typical_volume": 679444.75, "trend": 4.838568, "fair_value": 3.702526, "relative_strength": -17.522967, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.308903, "energy": 69.531459, "activity_lines": [ 4.481214, 4.544106, 4.637596, 4.74205 ] }, { "date": "2026-06-26", "close": 4.531564, "volume": 109227, "typical_volume": 658266.95, "trend": 4.832163, "fair_value": 3.713049, "relative_strength": -16.322954, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.628364, "energy": 64.747442, "activity_lines": [ 4.492003, 4.527974, 4.616921, 4.722243 ] }, { "date": "2026-07-03", "close": 4.63, "volume": 148733, "typical_volume": 638818.7, "trend": 4.83185, "fair_value": 3.724466, "relative_strength": -15.83075, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.946181, "energy": 42.235447, "activity_lines": [ 4.536258, 4.536711, 4.608757, 4.7092 ] }, { "date": "2026-07-10", "close": 4.475, "volume": 504809, "typical_volume": 620408.15, "trend": 4.822071, "fair_value": 3.734743, "relative_strength": -16.153491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.600901, "energy": 37.946754, "activity_lines": [ 4.524573, 4.520356, 4.589212, 4.686178 ] }, { "date": "2026-07-17", "close": 4.39, "volume": 369996, "typical_volume": 575820.1, "trend": 4.804, "fair_value": 3.74398, "relative_strength": -16.460898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.301547, "energy": 45.022394, "activity_lines": [ 4.485056, 4.493767, 4.564833, 4.658302 ] }, { "date": "2026-07-24", "close": 4.565, "volume": 822574, "typical_volume": 544524.5, "trend": 4.783823, "fair_value": 3.75463, "relative_strength": -14.315345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.362274, "energy": 29.51325, "activity_lines": [ 4.506771, 4.505047, 4.560979, 4.642883 ] }, { "date": "2026-07-31", "close": 4.555, "volume": 648927, "typical_volume": 525106.95, "trend": 4.762983, "fair_value": 3.765624, "relative_strength": -14.920393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.533178, "energy": 29.325198, "activity_lines": [ 4.519, 4.513455, 4.556981, 4.62812 ] }, { "date": "2026-08-07", "close": 4.52, "volume": 480627, "typical_volume": 504754.65, "trend": 4.737316, "fair_value": 3.776277, "relative_strength": -16.873737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.569122, "energy": 25.571555, "activity_lines": [ 4.518, 4.515252, 4.54965, 4.612444 ] } ], "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." } } }