{ "ticker": { "uuid": "ac43da49-8598-4402-a91b-9eb219437cdb", "symbol": "ONCOZ", "name": "OncoZenge AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 87.751, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 15.072, "architecture_energy": 14.638, "architecture_maturity": 37.737, "architecture_confidence": 71.146, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 55.58, "rotation_up": 17.67, "upward_expansion": 45.82, "deceleration": 92.27, "rotation_down": 37.01, "downward_expansion": 25.49 }, "activity_lines": [ 6.446667, 6.712364, 6.698381, 6.516452 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 6.21, "trend_reference": 6.266667, "distance_from_trend": -0.009043, "trend_direction": "Improving", "fair_value": 5.21391, "distance_from_fair_value": 0.191045, "fair_value_direction": "Weakening", "relative_strength": -10.891884, "relative_strength_direction": "Weakening", "price_momentum": 0.112903, "excess_performance": 0.051409, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.009043, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.046654, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.191045, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.063118, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.108919, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.065666, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.112903, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.458672, "read": "Supply-led" } ], "volume": { "latest": 102738, "relative_activity": 0.8467, "balance": 0.458672, "dry_up": 0.683464, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.176143, "annualized_volatility": 0.539189, "from_high_reference": -0.395914, "from_low_reference": 0.375415 }, "levels": { "trend_reference": 6.266667, "fair_value_reference": 5.21391, "structural_low": 5.02, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.030255, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.05764, "regime_survival": 0.4, "best_return": 0.173835, "worst_return": -0.167488, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.103943, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.016668, "regime_survival": 0.0, "best_return": 0.46651, "worst_return": 0.027419, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.098396, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.011231, "regime_survival": 0.0, "best_return": 0.259694, "worst_return": -0.062903, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.311398, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.202434, "regime_survival": 1.0, "best_return": 0.311398, "worst_return": 0.311398, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-22", "tenure": "Established", "return": -0.407627, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": -0.112808, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2025-01-24", "tenure": "Developing", "return": 0.5625, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": -0.037383, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-05-02", "tenure": "Developing", "return": -0.152475, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.22619, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.300373, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": -0.12766, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-10-24", "tenure": "Developing", "return": -0.083871, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": 0.06705, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.080645, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-05-15", "tenure": "Established", "return": -0.013699, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-07-17", "tenure": "Developing", "return": -0.162088, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.094752, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2.395, "volume": 147101, "typical_volume": 332427.65, "trend": 6.229333, "fair_value": 7.641492, "relative_strength": -56.749918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.234756, "energy": 87.238342, "activity_lines": [ 2.804667, 3.813818, 5.140619, 5.752215 ] }, { "date": "2023-08-25", "close": 1.8, "volume": 993357, "typical_volume": 371524.65, "trend": 6.086, "fair_value": 7.597571, "relative_strength": -67.215524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.96232, "energy": 91.240772, "activity_lines": [ 2.384, 3.297091, 4.715381, 5.466452 ] }, { "date": "2023-09-01", "close": 2.915, "volume": 583519, "typical_volume": 386790.3, "trend": 5.954833, "fair_value": 7.562626, "relative_strength": -47.434857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.25029, "energy": 85.725295, "activity_lines": [ 2.461333, 3.068364, 4.425381, 5.261871 ] }, { "date": "2023-09-08", "close": 2.595, "volume": 332620, "typical_volume": 390664.4, "trend": 5.814333, "fair_value": 7.525829, "relative_strength": -52.73483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.282932, "energy": 80.219947, "activity_lines": [ 2.487667, 2.844818, 4.132357, 5.045108 ] }, { "date": "2023-09-15", "close": 2.89, "volume": 364361, "typical_volume": 398459.7, "trend": 5.744, "fair_value": 7.491742, "relative_strength": -47.564764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.552538, "energy": 59.215097, "activity_lines": [ 2.638, 2.746818, 3.90031, 4.856441 ] }, { "date": "2023-09-22", "close": 3.025, "volume": 442093, "typical_volume": 404320.85, "trend": 5.667833, "fair_value": 7.459138, "relative_strength": -44.197357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.79828, "energy": 45.643021, "activity_lines": [ 2.806667, 2.732636, 3.711119, 4.681022 ] }, { "date": "2023-09-29", "close": 2.695, "volume": 183465, "typical_volume": 384125.35, "trend": 5.560667, "fair_value": 7.424615, "relative_strength": -49.81234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.02311, "energy": 43.070682, "activity_lines": [ 2.823333, 2.703818, 3.523667, 4.489226 ] }, { "date": "2023-10-06", "close": 2.885, "volume": 179211, "typical_volume": 383948.3, "trend": 5.4535, "fair_value": 7.391956, "relative_strength": -46.041048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.633581, "energy": 37.776866, "activity_lines": [ 2.843667, 2.727727, 3.375762, 4.316602 ] }, { "date": "2023-10-13", "close": 2.555, "volume": 65026, "typical_volume": 370512.95, "trend": 5.352333, "fair_value": 7.357406, "relative_strength": -52.757977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.710109, "energy": 39.535505, "activity_lines": [ 2.756, 2.707364, 3.22069, 4.129602 ] }, { "date": "2023-10-20", "close": 2.695, "volume": 65832, "typical_volume": 360636.85, "trend": 5.225167, "fair_value": 7.32434, "relative_strength": -47.104443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.900099, "energy": 44.497147, "activity_lines": [ 2.717667, 2.720182, 3.094738, 3.958161 ] }, { "date": "2023-10-27", "close": 2.955, "volume": 153303, "typical_volume": 354518.95, "trend": 5.077, "fair_value": 7.29357, "relative_strength": -40.710977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.397883, "energy": 37.247911, "activity_lines": [ 2.779, 2.776545, 3.012238, 3.811699 ] }, { "date": "2023-11-03", "close": 2.885, "volume": 95437, "typical_volume": 347521.8, "trend": 4.909833, "fair_value": 7.262741, "relative_strength": -43.821168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.601664, "energy": 36.396258, "activity_lines": [ 2.821667, 2.81, 2.937333, 3.67028 ] }, { "date": "2023-11-10", "close": 2.685, "volume": 124443, "typical_volume": 349417.2, "trend": 4.71, "fair_value": 7.230951, "relative_strength": -46.815044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.41953, "energy": 37.691689, "activity_lines": [ 2.785, 2.787364, 2.860548, 3.526742 ] }, { "date": "2023-11-17", "close": 2.765, "volume": 132246, "typical_volume": 348269.45, "trend": 4.4855, "fair_value": 7.200151, "relative_strength": -46.904162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.395851, "energy": 29.578534, "activity_lines": [ 2.788333, 2.783455, 2.809071, 3.401258 ] }, { "date": "2023-11-24", "close": 3.5, "volume": 686290, "typical_volume": 376375.95, "trend": 4.295833, "fair_value": 7.174808, "relative_strength": -33.199093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.80475, "energy": 14.628851, "activity_lines": [ 3.022667, 2.910091, 2.845619, 3.337677 ] }, { "date": "2023-12-01", "close": 3.065, "volume": 542565, "typical_volume": 397909.15, "trend": 4.065, "fair_value": 7.14685, "relative_strength": -41.526602, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.037866, "energy": 12.801857, "activity_lines": [ 3.058333, 2.946545, 2.853357, 3.258269 ] }, { "date": "2023-12-08", "close": 3.37, "volume": 182545, "typical_volume": 370087.7, "trend": 3.937333, "fair_value": 7.12133, "relative_strength": -36.935301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.629977, "energy": 10.45948, "activity_lines": [ 3.188333, 3.037727, 2.901833, 3.21343 ] }, { "date": "2023-12-15", "close": 2.93, "volume": 217264, "typical_volume": 370924.45, "trend": 3.769, "fair_value": 7.093201, "relative_strength": -46.171203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.648826, "energy": 11.974205, "activity_lines": [ 3.139333, 3.036636, 2.909952, 3.148441 ] }, { "date": "2023-12-22", "close": 3.1, "volume": 156151, "typical_volume": 299603.65, "trend": 3.676667, "fair_value": 7.066579, "relative_strength": -42.076631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.33357, "energy": 8.382164, "activity_lines": [ 3.130667, 3.065636, 2.938167, 3.10528 ] }, { "date": "2023-12-29", "close": 3.09, "volume": 141420, "typical_volume": 289412.45, "trend": 3.559, "fair_value": 7.040244, "relative_strength": -42.07778, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.165611, "energy": 7.048329, "activity_lines": [ 3.096333, 3.082909, 2.964857, 3.06743 ] }, { "date": "2024-01-05", "close": 3.06, "volume": 283327, "typical_volume": 296223.75, "trend": 3.462667, "fair_value": 7.014059, "relative_strength": -40.55397, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.696567, "energy": 11.282963, "activity_lines": [ 3.079333, 3.087545, 2.985833, 3.035237 ] }, { "date": "2024-01-12", "close": 3.295, "volume": 270151, "typical_volume": 260063.45, "trend": 3.356167, "fair_value": 6.989751, "relative_strength": -35.927921, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.263019, "energy": 2.595451, "activity_lines": [ 3.141, 3.133, 3.026024, 3.024419 ] }, { "date": "2024-01-19", "close": 3.6, "volume": 254869, "typical_volume": 243630.95, "trend": 3.262833, "fair_value": 6.96774, "relative_strength": -27.606966, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.359478, "energy": 19.681514, "activity_lines": [ 3.309333, 3.226455, 3.088143, 3.040151 ] }, { "date": "2024-01-26", "close": 7.58, "volume": 753545, "typical_volume": 264677.2, "trend": 3.297167, "fair_value": 6.97169, "relative_strength": 47.233428, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.096686, "energy": 80.499539, "activity_lines": [ 4.759667, 4.026909, 3.526048, 3.318677 ] }, { "date": "2024-02-02", "close": 5.2, "volume": 740084, "typical_volume": 283463.35, "trend": 3.2655, "fair_value": 6.960333, "relative_strength": 1.811064, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.156656, "energy": 71.888955, "activity_lines": [ 5.118, 4.307091, 3.713548, 3.441441 ] }, { "date": "2024-02-09", "close": 3.605, "volume": 411028, "typical_volume": 281910.1, "trend": 3.201667, "fair_value": 6.905, "relative_strength": -27.949731, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.199703, "energy": 64.846818, "activity_lines": [ 4.804, 4.266364, 3.738143, 3.463344 ] }, { "date": "2024-02-16", "close": 4.0, "volume": 164453, "typical_volume": 280959.5, "trend": 3.211833, "fair_value": 6.853718, "relative_strength": -21.531278, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.341714, "energy": 56.539675, "activity_lines": [ 4.585333, 4.287636, 3.797595, 3.514849 ] }, { "date": "2024-02-23", "close": 4.59, "volume": 96403, "typical_volume": 276819.1, "trend": 3.239833, "fair_value": 6.811346, "relative_strength": -10.513546, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.598826, "energy": 28.357544, "activity_lines": [ 4.516333, 4.404727, 3.907024, 3.603763 ] }, { "date": "2024-03-01", "close": 3.99, "volume": 191760, "typical_volume": 283155.8, "trend": 3.2735, "fair_value": 6.76641, "relative_strength": -22.323018, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.813631, "energy": 19.447855, "activity_lines": [ 4.181333, 4.382545, 3.95119, 3.652161 ] }, { "date": "2024-03-08", "close": 3.775, "volume": 57836, "typical_volume": 282756.0, "trend": 3.316333, "fair_value": 6.719776, "relative_strength": -26.425006, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.131373, "energy": 17.241053, "activity_lines": [ 4.014, 4.305091, 3.968048, 3.684516 ] }, { "date": "2024-03-15", "close": 3.68, "volume": 85201, "typical_volume": 279350.9, "trend": 3.359167, "fair_value": 6.674776, "relative_strength": -28.763022, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.230758, "energy": 15.161631, "activity_lines": [ 3.91, 4.197909, 3.970714, 3.707978 ] }, { "date": "2024-03-22", "close": 3.48, "volume": 62098, "typical_volume": 277683.95, "trend": 3.415167, "fair_value": 6.627212, "relative_strength": -31.526791, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.68057, "energy": 14.359876, "activity_lines": [ 3.734333, 4.043091, 3.950881, 3.715774 ] }, { "date": "2024-03-29", "close": 3.4, "volume": 74689, "typical_volume": 275196.25, "trend": 3.431333, "fair_value": 6.577212, "relative_strength": -31.372505, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.180582, "energy": 11.143242, "activity_lines": [ 3.566667, 3.870364, 3.920595, 3.714796 ] }, { "date": "2024-04-05", "close": 3.635, "volume": 120672, "typical_volume": 274617.55, "trend": 3.466, "fair_value": 6.527436, "relative_strength": -24.639881, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.126115, "energy": 11.036809, "activity_lines": [ 3.556667, 3.744, 3.909286, 3.727935 ] }, { "date": "2024-04-12", "close": 4.295, "volume": 120960, "typical_volume": 246351.05, "trend": 3.512833, "fair_value": 6.488622, "relative_strength": -9.08681, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.056568, "energy": 10.188535, "activity_lines": [ 3.790333, 3.809364, 3.95669, 3.781419 ] }, { "date": "2024-04-19", "close": 4.11, "volume": 107836, "typical_volume": 224614.6, "trend": 3.549, "fair_value": 6.449263, "relative_strength": -10.468633, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.140841, "energy": 11.661305, "activity_lines": [ 3.927667, 3.857545, 3.98269, 3.819946 ] }, { "date": "2024-04-26", "close": 3.895, "volume": 164535, "typical_volume": 223714.1, "trend": 3.589, "fair_value": 6.406923, "relative_strength": -14.741504, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.853803, "energy": 15.146023, "activity_lines": [ 3.964667, 3.857455, 3.983238, 3.842269 ] }, { "date": "2024-05-03", "close": 3.84, "volume": 125499, "typical_volume": 219125.85, "trend": 3.620833, "fair_value": 6.36359, "relative_strength": -12.588777, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.256581, "energy": 17.345566, "activity_lines": [ 3.955667, 3.849273, 3.976048, 3.858462 ] }, { "date": "2024-05-10", "close": 3.955, "volume": 104361, "typical_volume": 216536.35, "trend": 3.6675, "fair_value": 6.324199, "relative_strength": -11.286914, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.613271, "energy": 14.670942, "activity_lines": [ 3.955667, 3.875636, 3.975476, 3.880022 ] }, { "date": "2024-05-17", "close": 3.705, "volume": 87088, "typical_volume": 213819.75, "trend": 3.701167, "fair_value": 6.284487, "relative_strength": -14.064745, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.740744, "energy": 6.086612, "activity_lines": [ 3.851, 3.857182, 3.947024, 3.882441 ] }, { "date": "2024-05-24", "close": 3.635, "volume": 135914, "typical_volume": 206449.1, "trend": 3.723833, "fair_value": 6.241122, "relative_strength": -15.225565, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.698258, "energy": 11.135088, "activity_lines": [ 3.762333, 3.827273, 3.908976, 3.878172 ] }, { "date": "2024-05-31", "close": 3.46, "volume": 145258, "typical_volume": 200204.45, "trend": 3.743, "fair_value": 6.188301, "relative_strength": -17.154468, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.035505, "energy": 26.221357, "activity_lines": [ 3.647, 3.766364, 3.851524, 3.861151 ] }, { "date": "2024-06-07", "close": 3.55, "volume": 146576, "typical_volume": 194789.8, "trend": 3.771833, "fair_value": 6.141827, "relative_strength": -14.366324, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.72808, "energy": 31.529126, "activity_lines": [ 3.590667, 3.722182, 3.801857, 3.848699 ] }, { "date": "2024-06-14", "close": 3.45, "volume": 247568, "typical_volume": 169490.95, "trend": 3.794667, "fair_value": 6.097596, "relative_strength": -13.236187, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.258794, "energy": 36.713733, "activity_lines": [ 3.520333, 3.657091, 3.742905, 3.827935 ] }, { "date": "2024-06-21", "close": 3.27, "volume": 133714, "typical_volume": 139172.45, "trend": 3.787, "fair_value": 6.054455, "relative_strength": -16.504559, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.958709, "energy": 42.101464, "activity_lines": [ 3.423667, 3.562636, 3.686476, 3.794086 ] }, { "date": "2024-06-28", "close": 3.02, "volume": 325570, "typical_volume": 134899.55, "trend": 3.7855, "fair_value": 6.009712, "relative_strength": -21.102881, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.978793, "energy": 57.816353, "activity_lines": [ 3.272667, 3.441364, 3.615429, 3.744602 ] }, { "date": "2024-07-05", "close": 3.91, "volume": 298030, "typical_volume": 141578.4, "trend": 3.8035, "fair_value": 5.968109, "relative_strength": 4.291551, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.567903, "energy": 29.856241, "activity_lines": [ 3.459333, 3.501727, 3.631929, 3.752634 ] }, { "date": "2024-07-12", "close": 3.73, "volume": 98495, "typical_volume": 141683.0, "trend": 3.830167, "fair_value": 5.91766, "relative_strength": -1.977693, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.195342, "energy": 20.012556, "activity_lines": [ 3.556, 3.529091, 3.631714, 3.747892 ] }, { "date": "2024-07-19", "close": 3.9, "volume": 83548, "typical_volume": 136272.4, "trend": 3.856833, "fair_value": 5.867019, "relative_strength": 5.079159, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.480075, "energy": 13.448388, "activity_lines": [ 3.697333, 3.589364, 3.651786, 3.752398 ] }, { "date": "2024-07-26", "close": 4.32, "volume": 184874, "typical_volume": 142624.3, "trend": 3.897833, "fair_value": 5.811058, "relative_strength": 16.011232, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.525029, "energy": 25.057194, "activity_lines": [ 3.948667, 3.727, 3.712286, 3.78228 ] }, { "date": "2024-08-02", "close": 4.25, "volume": 175138, "typical_volume": 147121.15, "trend": 3.9375, "fair_value": 5.764263, "relative_strength": 18.70991, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.087853, "energy": 29.012247, "activity_lines": [ 4.106667, 3.840727, 3.763524, 3.805 ] }, { "date": "2024-08-09", "close": 6.15, "volume": 414885, "typical_volume": 164760.5, "trend": 4.032667, "fair_value": 5.719391, "relative_strength": 69.291362, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 61.220384, "energy": 68.031986, "activity_lines": [ 4.816, 4.288727, 3.993, 3.947742 ] }, { "date": "2024-08-16", "close": 5.86, "volume": 249596, "typical_volume": 173505.85, "trend": 4.108, "fair_value": 5.674263, "relative_strength": 54.162292, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.620859, "energy": 70.187697, "activity_lines": [ 5.279333, 4.635091, 4.182143, 4.065634 ] }, { "date": "2024-08-23", "close": 6.29, "volume": 222602, "typical_volume": 178602.35, "trend": 4.065, "fair_value": 5.628686, "relative_strength": 60.450899, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.747953, "energy": 83.373572, "activity_lines": [ 5.744, 5.017636, 4.400524, 4.206409 ] }, { "date": "2024-08-30", "close": 5.9, "volume": 210110, "typical_volume": 183059.85, "trend": 4.088333, "fair_value": 5.579327, "relative_strength": 46.645787, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.746903, "energy": 78.1807, "activity_lines": [ 5.919333, 5.277636, 4.569119, 4.324796 ] }, { "date": "2024-09-06", "close": 6.18, "volume": 203494, "typical_volume": 187842.75, "trend": 4.174167, "fair_value": 5.526635, "relative_strength": 58.17469, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.124912, "energy": 72.247256, "activity_lines": [ 6.082667, 5.540727, 4.756738, 4.459742 ] }, { "date": "2024-09-13", "close": 6.4, "volume": 189371, "typical_volume": 189084.55, "trend": 4.254167, "fair_value": 5.487853, "relative_strength": 58.580355, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.104357, "energy": 56.547719, "activity_lines": [ 6.190667, 5.786364, 4.955452, 4.603344 ] }, { "date": "2024-09-20", "close": 6.44, "volume": 118619, "typical_volume": 188740.55, "trend": 4.315833, "fair_value": 5.454776, "relative_strength": 54.190925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.957798, "energy": 49.418703, "activity_lines": [ 6.295333, 5.994, 5.146048, 4.744366 ] }, { "date": "2024-09-27", "close": 6.45, "volume": 80354, "typical_volume": 187540.2, "trend": 4.397833, "fair_value": 5.424006, "relative_strength": 48.793585, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.883679, "energy": 46.822387, "activity_lines": [ 6.364667, 6.154182, 5.325214, 4.882054 ] }, { "date": "2024-10-04", "close": 6.94, "volume": 129862, "typical_volume": 189678.9, "trend": 4.503333, "fair_value": 5.397981, "relative_strength": 59.808008, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.070015, "energy": 49.062468, "activity_lines": [ 6.586667, 6.357091, 5.539167, 5.046065 ] }, { "date": "2024-10-11", "close": 7.94, "volume": 100915, "typical_volume": 187928.95, "trend": 4.645333, "fair_value": 5.378045, "relative_strength": 79.956893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.735981, "energy": 54.674232, "activity_lines": [ 7.072667, 6.694182, 5.832952, 5.267785 ] }, { "date": "2024-10-18", "close": 9.25, "volume": 327800, "typical_volume": 197056.05, "trend": 4.837667, "fair_value": 5.367788, "relative_strength": 103.975943, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.170166, "energy": 63.808406, "activity_lines": [ 7.878, 7.202364, 6.231, 5.56486 ] }, { "date": "2024-10-25", "close": 10.32, "volume": 590144, "typical_volume": 219234.45, "trend": 5.068333, "fair_value": 5.363686, "relative_strength": 121.55871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.855858, "energy": 79.075876, "activity_lines": [ 8.85, 7.848727, 6.703381, 5.918559 ] }, { "date": "2024-11-01", "close": 9.8, "volume": 491566, "typical_volume": 231434.35, "trend": 5.273833, "fair_value": 5.358686, "relative_strength": 107.77407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.159928, "energy": 76.768878, "activity_lines": [ 9.39, 8.319455, 7.094, 6.223828 ] }, { "date": "2024-11-08", "close": 8.44, "volume": 146801, "typical_volume": 232088.7, "trend": 5.412, "fair_value": 5.340353, "relative_strength": 75.128574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.09252, "energy": 68.724015, "activity_lines": [ 9.253333, 8.479091, 7.324857, 6.428097 ] }, { "date": "2024-11-15", "close": 8.55, "volume": 149036, "typical_volume": 223262.0, "trend": 5.56, "fair_value": 5.322083, "relative_strength": 76.973842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.692421, "energy": 51.144129, "activity_lines": [ 9.053333, 8.612545, 7.541571, 6.630548 ] }, { "date": "2024-11-22", "close": 3.495, "volume": 2364591, "typical_volume": 326590.05, "trend": 5.546667, "fair_value": 5.277821, "relative_strength": -27.646358, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.461928, "energy": 10.473195, "activity_lines": [ 7.127667, 7.783818, 7.250524, 6.497323 ] }, { "date": "2024-11-29", "close": 4.255, "volume": 796249, "typical_volume": 361477.75, "trend": 5.5605, "fair_value": 5.239327, "relative_strength": -12.194529, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.752954, "energy": 19.669284, "activity_lines": [ 5.839, 7.146091, 7.033833, 6.413989 ] }, { "date": "2024-12-06", "close": 4.0, "volume": 273502, "typical_volume": 370975.45, "trend": 5.562, "fair_value": 5.193942, "relative_strength": -20.68517, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.387411, "energy": 34.569877, "activity_lines": [ 4.869667, 6.501727, 6.790357, 6.313312 ] }, { "date": "2024-12-13", "close": 3.775, "volume": 325045, "typical_volume": 377984.0, "trend": 5.564333, "fair_value": 5.149551, "relative_strength": -23.639857, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.004727, "energy": 40.125381, "activity_lines": [ 4.212, 5.861, 6.524976, 6.198022 ] }, { "date": "2024-12-20", "close": 4.0, "volume": 89478, "typical_volume": 373701.0, "trend": 5.5765, "fair_value": 5.106603, "relative_strength": -16.676366, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.371369, "energy": 52.220555, "activity_lines": [ 3.940333, 5.318727, 6.283619, 6.097097 ] }, { "date": "2024-12-27", "close": 3.915, "volume": 46497, "typical_volume": 355281.6, "trend": 5.591667, "fair_value": 5.057596, "relative_strength": -19.183204, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.338771, "energy": 47.785628, "activity_lines": [ 3.943667, 4.832636, 6.035357, 5.989903 ] }, { "date": "2025-01-03", "close": 3.55, "volume": 122463, "typical_volume": 348924.95, "trend": 5.591667, "fair_value": 4.998558, "relative_strength": -27.412425, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.637032, "energy": 42.914598, "activity_lines": [ 3.797333, 4.377182, 5.762976, 5.858183 ] }, { "date": "2025-01-10", "close": 3.765, "volume": 174021, "typical_volume": 346495.9, "trend": 5.602167, "fair_value": 4.95, "relative_strength": -23.46227, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.996894, "energy": 32.859347, "activity_lines": [ 3.769667, 4.083909, 5.522071, 5.740333 ] }, { "date": "2025-01-17", "close": 5.83, "volume": 531983, "typical_volume": 362589.55, "trend": 5.6875, "fair_value": 4.919551, "relative_strength": 13.534572, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.771261, "energy": 18.683691, "activity_lines": [ 4.446, 4.275818, 5.489857, 5.755032 ] }, { "date": "2025-01-24", "close": 6.25, "volume": 156421, "typical_volume": 360235.9, "trend": 5.795167, "fair_value": 4.895833, "relative_strength": 20.339459, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.000085, "energy": 16.72895, "activity_lines": [ 5.125333, 4.591545, 5.497976, 5.791323 ] }, { "date": "2025-01-31", "close": 5.35, "volume": 432509, "typical_volume": 372392.8, "trend": 5.843167, "fair_value": 4.864615, "relative_strength": 3.175869, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.242015, "energy": 21.134993, "activity_lines": [ 5.354667, 4.785455, 5.420048, 5.762602 ] }, { "date": "2025-02-07", "close": 5.15, "volume": 185533, "typical_volume": 375738.5, "trend": 5.8905, "fair_value": 4.833141, "relative_strength": 0.062181, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.165258, "energy": 22.07442, "activity_lines": [ 5.421667, 4.909273, 5.328071, 5.717882 ] }, { "date": "2025-02-14", "close": 5.05, "volume": 177486, "typical_volume": 380595.1, "trend": 5.928833, "fair_value": 4.802885, "relative_strength": -4.855775, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.855957, "energy": 17.795656, "activity_lines": [ 5.348667, 4.998636, 5.232714, 5.663656 ] }, { "date": "2025-02-21", "close": 6.27, "volume": 192417, "typical_volume": 383722.85, "trend": 5.993833, "fair_value": 4.787564, "relative_strength": 17.332807, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.772421, "energy": 8.205636, "activity_lines": [ 5.596667, 5.290727, 5.260214, 5.685667 ] }, { "date": "2025-02-28", "close": 6.24, "volume": 94637, "typical_volume": 383408.95, "trend": 6.060167, "fair_value": 4.774423, "relative_strength": 15.991571, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.372726, "energy": 9.787865, "activity_lines": [ 5.805333, 5.532, 5.288048, 5.701548 ] }, { "date": "2025-03-07", "close": 6.2, "volume": 314012, "typical_volume": 382719.55, "trend": 6.061833, "fair_value": 4.759679, "relative_strength": 14.218494, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.697213, "energy": 14.424024, "activity_lines": [ 6.001333, 5.725273, 5.320167, 5.71057 ] }, { "date": "2025-03-14", "close": 5.99, "volume": 119442, "typical_volume": 359184.45, "trend": 6.066167, "fair_value": 4.741026, "relative_strength": 11.435243, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.564762, "energy": 24.126946, "activity_lines": [ 6.070667, 5.838818, 5.34681, 5.705935 ] }, { "date": "2025-03-21", "close": 5.65, "volume": 252934, "typical_volume": 347252.85, "trend": 6.044833, "fair_value": 4.720321, "relative_strength": 6.437239, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.815619, "energy": 15.390661, "activity_lines": [ 5.970667, 5.846182, 5.36169, 5.679086 ] }, { "date": "2025-03-28", "close": 6.17, "volume": 215768, "typical_volume": 350701.2, "trend": 6.053833, "fair_value": 4.705513, "relative_strength": 18.976146, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.85018, "energy": 8.127267, "activity_lines": [ 6.004, 5.913818, 5.445857, 5.687161 ] }, { "date": "2025-04-04", "close": 4.55, "volume": 339415, "typical_volume": 360220.15, "trend": 5.9995, "fair_value": 4.681026, "relative_strength": -2.95648, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.955925, "energy": 16.803781, "activity_lines": [ 5.504, 5.680727, 5.386548, 5.59014 ] }, { "date": "2025-04-11", "close": 5.11, "volume": 281834, "typical_volume": 256082.3, "trend": 5.9565, "fair_value": 4.698942, "relative_strength": 8.906742, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.19743, "energy": 17.471761, "activity_lines": [ 5.303333, 5.580364, 5.399619, 5.532753 ] }, { "date": "2025-04-18", "close": 4.745, "volume": 147304, "typical_volume": 223635.05, "trend": 5.9, "fair_value": 4.714391, "relative_strength": -2.558203, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.735998, "energy": 23.298045, "activity_lines": [ 5.053667, 5.418, 5.370238, 5.454591 ] }, { "date": "2025-04-25", "close": 4.65, "volume": 144554, "typical_volume": 217187.65, "trend": 5.84, "fair_value": 4.72609, "relative_strength": -7.655684, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.785185, "energy": 31.604139, "activity_lines": [ 4.855333, 5.245727, 5.329476, 5.373946 ] }, { "date": "2025-05-02", "close": 4.28, "volume": 97616, "typical_volume": 205816.2, "trend": 5.751333, "fair_value": 4.735288, "relative_strength": -16.406561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.502218, "energy": 46.546908, "activity_lines": [ 4.600333, 5.013455, 5.250381, 5.273301 ] }, { "date": "2025-05-09", "close": 4.2, "volume": 94704, "typical_volume": 206077.5, "trend": 5.626667, "fair_value": 4.744487, "relative_strength": -17.674405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.489409, "energy": 50.852017, "activity_lines": [ 4.444667, 4.802818, 5.161262, 5.173215 ] }, { "date": "2025-05-16", "close": 5.36, "volume": 192305, "typical_volume": 213367.9, "trend": 5.497, "fair_value": 4.760128, "relative_strength": 0.503202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.777941, "energy": 27.748012, "activity_lines": [ 4.699, 4.840182, 5.181667, 5.156011 ] }, { "date": "2025-05-23", "close": 5.15, "volume": 122800, "typical_volume": 213384.75, "trend": 5.324667, "fair_value": 4.774583, "relative_strength": -1.548213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.081478, "energy": 16.42288, "activity_lines": [ 4.866667, 4.854636, 5.17519, 5.133624 ] }, { "date": "2025-05-30", "close": 5.36, "volume": 148368, "typical_volume": 212102.1, "trend": 5.176667, "fair_value": 4.791859, "relative_strength": 1.035744, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.286452, "energy": 2.873447, "activity_lines": [ 5.077333, 4.922545, 5.181095, 5.135903 ] }, { "date": "2025-06-06", "close": 6.09, "volume": 268981, "typical_volume": 198952.0, "trend": 5.098333, "fair_value": 4.813269, "relative_strength": 12.554977, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.385406, "energy": 27.331784, "activity_lines": [ 5.484, 5.128455, 5.248929, 5.194828 ] }, { "date": "2025-06-13", "close": 6.35, "volume": 235636, "typical_volume": 202912.75, "trend": 5.025, "fair_value": 4.838173, "relative_strength": 18.996879, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.050398, "energy": 41.10343, "activity_lines": [ 5.856667, 5.383091, 5.340286, 5.275581 ] }, { "date": "2025-06-20", "close": 5.34, "volume": 360582, "typical_volume": 199316.4, "trend": 5.0865, "fair_value": 4.853205, "relative_strength": -0.226473, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.993517, "energy": 35.760256, "activity_lines": [ 5.749333, 5.421364, 5.334976, 5.295903 ] }, { "date": "2025-06-27", "close": 6.97, "volume": 449158, "typical_volume": 212497.65, "trend": 5.177, "fair_value": 4.876603, "relative_strength": 25.3909, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.213903, "energy": 54.924148, "activity_lines": [ 6.186667, 5.751818, 5.484952, 5.417419 ] }, { "date": "2025-07-04", "close": 6.58, "volume": 351025, "typical_volume": 221174.6, "trend": 5.263, "fair_value": 4.898429, "relative_strength": 16.97021, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.042423, "energy": 54.740063, "activity_lines": [ 6.372667, 5.970909, 5.589119, 5.507935 ] }, { "date": "2025-07-11", "close": 7.58, "volume": 382332, "typical_volume": 230670.35, "trend": 5.389833, "fair_value": 4.928558, "relative_strength": 31.265747, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.156715, "energy": 64.915674, "activity_lines": [ 6.810667, 6.336727, 5.781238, 5.657419 ] }, { "date": "2025-07-18", "close": 6.81, "volume": 345473, "typical_volume": 243212.15, "trend": 5.4835, "fair_value": 4.95234, "relative_strength": 16.710542, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.069227, "energy": 61.191378, "activity_lines": [ 6.892667, 6.502545, 5.893786, 5.749043 ] }, { "date": "2025-07-25", "close": 6.54, "volume": 340317, "typical_volume": 244527.4, "trend": 5.571, "fair_value": 4.973878, "relative_strength": 8.757958, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.562283, "energy": 48.539897, "activity_lines": [ 6.854, 6.571818, 5.977905, 5.817204 ] }, { "date": "2025-08-01", "close": 6.07, "volume": 384074, "typical_volume": 257759.0, "trend": 5.655, "fair_value": 4.994487, "relative_strength": 3.260393, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.887134, "energy": 31.75352, "activity_lines": [ 6.578667, 6.534182, 6.015643, 5.849398 ] }, { "date": "2025-08-08", "close": 5.74, "volume": 157588, "typical_volume": 252991.7, "trend": 5.720833, "fair_value": 5.007564, "relative_strength": -4.722516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.310305, "energy": 14.91297, "activity_lines": [ 6.253333, 6.419818, 6.021571, 5.854882 ] }, { "date": "2025-08-15", "close": 6.2, "volume": 296136, "typical_volume": 257010.1, "trend": 5.733167, "fair_value": 5.027212, "relative_strength": 1.413889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.252745, "energy": 16.848068, "activity_lines": [ 6.137333, 6.382182, 6.070881, 5.885796 ] }, { "date": "2025-08-22", "close": 7.17, "volume": 301448, "typical_volume": 255111.75, "trend": 5.763833, "fair_value": 5.046154, "relative_strength": 14.959716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.127722, "energy": 19.119811, "activity_lines": [ 6.436667, 6.518909, 6.212429, 5.978495 ] }, { "date": "2025-08-29", "close": 6.76, "volume": 433491, "typical_volume": 262694.6, "trend": 5.810833, "fair_value": 5.060897, "relative_strength": 10.736299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.413203, "energy": 23.132498, "activity_lines": [ 6.575333, 6.566182, 6.302452, 6.042763 ] }, { "date": "2025-09-05", "close": 6.37, "volume": 474874, "typical_volume": 279073.1, "trend": 5.8515, "fair_value": 5.078013, "relative_strength": 4.36673, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.69761, "energy": 24.85221, "activity_lines": [ 6.569333, 6.516727, 6.347476, 6.078839 ] }, { "date": "2025-09-12", "close": 6.28, "volume": 495183, "typical_volume": 296604.55, "trend": 5.8925, "fair_value": 5.094872, "relative_strength": 2.681976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.764195, "energy": 24.219292, "activity_lines": [ 6.513333, 6.461818, 6.37619, 6.106484 ] }, { "date": "2025-09-19", "close": 6.3, "volume": 246059, "typical_volume": 304026.7, "trend": 5.8935, "fair_value": 5.114167, "relative_strength": 2.677102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.821274, "energy": 18.407472, "activity_lines": [ 6.428, 6.416, 6.399048, 6.132774 ] }, { "date": "2025-09-26", "close": 6.14, "volume": 175838, "typical_volume": 308083.4, "trend": 5.890167, "fair_value": 5.131827, "relative_strength": 0.238204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.971108, "energy": 11.065821, "activity_lines": [ 6.282667, 6.364364, 6.397048, 6.148677 ] }, { "date": "2025-10-03", "close": 5.93, "volume": 256432, "typical_volume": 311289.75, "trend": 5.881167, "fair_value": 5.148462, "relative_strength": -5.797345, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.59939, "energy": 9.495687, "activity_lines": [ 6.136, 6.286727, 6.36581, 6.151247 ] }, { "date": "2025-10-10", "close": 6.09, "volume": 181849, "typical_volume": 314242.2, "trend": 5.8845, "fair_value": 5.165769, "relative_strength": -1.819031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.810061, "energy": 10.742327, "activity_lines": [ 6.098, 6.249273, 6.347095, 6.16472 ] }, { "date": "2025-10-17", "close": 5.51, "volume": 294207, "typical_volume": 321534.15, "trend": 5.879833, "fair_value": 5.174199, "relative_strength": -9.813909, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.677943, "energy": 21.839322, "activity_lines": [ 5.885333, 6.106, 6.268667, 6.140559 ] }, { "date": "2025-10-24", "close": 5.68, "volume": 98444, "typical_volume": 313007.3, "trend": 5.8635, "fair_value": 5.178814, "relative_strength": -8.369467, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.670317, "energy": 30.717182, "activity_lines": [ 5.780667, 5.997818, 6.205714, 6.127667 ] }, { "date": "2025-10-31", "close": 5.22, "volume": 180906, "typical_volume": 310270.8, "trend": 5.885833, "fair_value": 5.183558, "relative_strength": -13.735833, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.711187, "energy": 41.710104, "activity_lines": [ 5.564, 5.815455, 6.100905, 6.086151 ] }, { "date": "2025-11-07", "close": 5.07, "volume": 165511, "typical_volume": 300517.25, "trend": 5.8845, "fair_value": 5.179135, "relative_strength": -14.083029, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.841341, "energy": 53.416937, "activity_lines": [ 5.358667, 5.641273, 5.98719, 6.033516 ] }, { "date": "2025-11-14", "close": 6.37, "volume": 131906, "typical_volume": 284654.65, "trend": 5.938667, "fair_value": 5.190481, "relative_strength": 8.061819, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.500651, "energy": 20.137592, "activity_lines": [ 5.644, 5.734182, 5.998571, 6.064839 ] }, { "date": "2025-11-21", "close": 5.57, "volume": 76852, "typical_volume": 270946.0, "trend": 5.969333, "fair_value": 5.192083, "relative_strength": -4.068264, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.621189, "energy": 20.83944, "activity_lines": [ 5.644, 5.681636, 5.936619, 6.041054 ] }, { "date": "2025-11-28", "close": 5.58, "volume": 196424, "typical_volume": 261650.6, "trend": 6.012667, "fair_value": 5.194519, "relative_strength": -7.200523, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.42273, "energy": 16.305676, "activity_lines": [ 5.643333, 5.643818, 5.880429, 6.015935 ] }, { "date": "2025-12-05", "close": 6.03, "volume": 364623, "typical_volume": 262608.1, "trend": 6.073667, "fair_value": 5.199904, "relative_strength": -1.624119, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -31.667584, "energy": 17.290791, "activity_lines": [ 5.799333, 5.700909, 5.876619, 6.017054 ] }, { "date": "2025-12-12", "close": 6.57, "volume": 194645, "typical_volume": 255324.5, "trend": 6.114, "fair_value": 5.205865, "relative_strength": 6.593213, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.965142, "energy": 10.374612, "activity_lines": [ 6.081333, 5.858182, 5.927952, 6.049075 ] }, { "date": "2025-12-19", "close": 6.17, "volume": 106242, "typical_volume": 241432.9, "trend": 6.148, "fair_value": 5.208109, "relative_strength": -1.093582, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.704549, "energy": 13.503982, "activity_lines": [ 6.13, 5.931091, 5.941048, 6.052688 ] }, { "date": "2025-12-26", "close": 6.55, "volume": 40010, "typical_volume": 235554.0, "trend": 6.187667, "fair_value": 5.21484, "relative_strength": 4.047335, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.45656, "energy": 14.922558, "activity_lines": [ 6.318667, 6.071636, 5.989857, 6.078624 ] }, { "date": "2026-01-02", "close": 6.59, "volume": 111474, "typical_volume": 226320.9, "trend": 6.204333, "fair_value": 5.222981, "relative_strength": 2.735222, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.00808, "energy": 17.308413, "activity_lines": [ 6.455333, 6.200545, 6.038619, 6.104581 ] }, { "date": "2026-01-09", "close": 5.95, "volume": 222648, "typical_volume": 222380.9, "trend": 6.191, "fair_value": 5.227212, "relative_strength": -10.547785, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.7549, "energy": 10.976387, "activity_lines": [ 6.311333, 6.196545, 6.024571, 6.088172 ] }, { "date": "2026-01-16", "close": 5.8, "volume": 146596, "typical_volume": 208036.15, "trend": 6.206333, "fair_value": 5.228558, "relative_strength": -14.418489, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.946164, "energy": 11.963977, "activity_lines": [ 6.122667, 6.152, 6.002048, 6.062946 ] }, { "date": "2026-01-23", "close": 5.64, "volume": 310033, "typical_volume": 199794.1, "trend": 6.162, "fair_value": 5.225609, "relative_strength": -15.735062, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.683651, "energy": 15.405028, "activity_lines": [ 5.932, 6.065091, 5.968857, 6.026409 ] }, { "date": "2026-01-30", "close": 5.19, "volume": 162874, "typical_volume": 183178.65, "trend": 6.115667, "fair_value": 5.214968, "relative_strength": -22.596484, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.745524, "energy": 25.568743, "activity_lines": [ 5.626667, 5.909636, 5.896286, 5.963699 ] }, { "date": "2026-02-06", "close": 5.58, "volume": 68186, "typical_volume": 174285.0, "trend": 6.049, "fair_value": 5.207083, "relative_strength": -19.169559, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.817924, "energy": 30.095812, "activity_lines": [ 5.542, 5.832, 5.866048, 5.92914 ] }, { "date": "2026-02-13", "close": 5.81, "volume": 93256, "typical_volume": 170155.9, "trend": 6.015667, "fair_value": 5.212276, "relative_strength": -15.821895, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.53927, "energy": 31.665398, "activity_lines": [ 5.601333, 5.796182, 5.861143, 5.91372 ] }, { "date": "2026-02-20", "close": 5.86, "volume": 17664, "typical_volume": 158217.5, "trend": 5.993, "fair_value": 5.215801, "relative_strength": -16.384216, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.595462, "energy": 25.367087, "activity_lines": [ 5.686667, 5.773455, 5.862571, 5.903677 ] }, { "date": "2026-02-27", "close": 6.16, "volume": 47829, "typical_volume": 151516.5, "trend": 5.996, "fair_value": 5.217404, "relative_strength": -12.969278, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.060832, "energy": 9.734383, "activity_lines": [ 5.868, 5.818182, 5.892905, 5.914452 ] }, { "date": "2026-03-06", "close": 6.35, "volume": 69750, "typical_volume": 140293.65, "trend": 6.016333, "fair_value": 5.219006, "relative_strength": -4.694464, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.113092, "energy": 9.526803, "activity_lines": [ 6.078, 5.897636, 5.941, 5.93729 ] }, { "date": "2026-03-13", "close": 5.71, "volume": 49648, "typical_volume": 137853.85, "trend": 6.0, "fair_value": 5.219776, "relative_strength": -13.477915, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.569857, "energy": 12.524289, "activity_lines": [ 5.997333, 5.864364, 5.924143, 5.917527 ] }, { "date": "2026-03-20", "close": 5.65, "volume": 44580, "typical_volume": 131037.55, "trend": 5.949333, "fair_value": 5.214263, "relative_strength": -9.643498, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.925832, "energy": 11.422936, "activity_lines": [ 5.888, 5.836182, 5.901429, 5.894946 ] }, { "date": "2026-03-27", "close": 5.6, "volume": 63341, "typical_volume": 125929.05, "trend": 5.910667, "fair_value": 5.202724, "relative_strength": -10.045584, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.516627, "energy": 19.551621, "activity_lines": [ 5.772667, 5.804364, 5.871905, 5.872409 ] }, { "date": "2026-04-03", "close": 5.7, "volume": 63163, "typical_volume": 122491.9, "trend": 5.888333, "fair_value": 5.188622, "relative_strength": -11.528547, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.658622, "energy": 22.861538, "activity_lines": [ 5.708, 5.794364, 5.849381, 5.858817 ] }, { "date": "2026-04-10", "close": 6.0, "volume": 63806, "typical_volume": 121839.6, "trend": 5.879, "fair_value": 5.171442, "relative_strength": -10.942857, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.558233, "energy": 17.624105, "activity_lines": [ 5.774, 5.837818, 5.858619, 5.866022 ] }, { "date": "2026-04-17", "close": 5.76, "volume": 53799, "typical_volume": 114708.35, "trend": 5.861, "fair_value": 5.147468, "relative_strength": -16.293986, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.110665, "energy": 18.977304, "activity_lines": [ 5.783333, 5.822909, 5.842952, 5.858344 ] }, { "date": "2026-04-24", "close": 5.81, "volume": 82651, "typical_volume": 100609.75, "trend": 5.85, "fair_value": 5.125801, "relative_strength": -13.327938, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.946646, "energy": 5.672418, "activity_lines": [ 5.806, 5.813818, 5.83119, 5.855054 ] }, { "date": "2026-05-01", "close": 6.0, "volume": 137041, "typical_volume": 97729.55, "trend": 5.852333, "fair_value": 5.100224, "relative_strength": -9.485588, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.873418, "energy": 7.23776, "activity_lines": [ 5.881333, 5.839273, 5.838571, 5.864731 ] }, { "date": "2026-05-08", "close": 6.39, "volume": 174844, "typical_volume": 101159.65, "trend": 5.862333, "fair_value": 5.095032, "relative_strength": -4.325279, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.50601, "energy": 27.001483, "activity_lines": [ 6.06, 5.933091, 5.88581, 5.899419 ] }, { "date": "2026-05-15", "close": 6.48, "volume": 69857, "typical_volume": 102652.0, "trend": 5.894667, "fair_value": 5.085417, "relative_strength": -1.811143, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.573403, "energy": 42.299649, "activity_lines": [ 6.222667, 6.039091, 5.940571, 5.939269 ] }, { "date": "2026-05-22", "close": 7.28, "volume": 325120, "typical_volume": 113334.3, "trend": 5.948, "fair_value": 5.094455, "relative_strength": 6.242179, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.137618, "energy": 64.974214, "activity_lines": [ 6.62, 6.288182, 6.071857, 6.028645 ] }, { "date": "2026-05-29", "close": 6.4, "volume": 634428, "typical_volume": 133923.3, "trend": 5.987333, "fair_value": 5.093045, "relative_strength": -6.271659, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.779007, "energy": 54.444635, "activity_lines": [ 6.622667, 6.348727, 6.116048, 6.057806 ] }, { "date": "2026-06-05", "close": 6.32, "volume": 42931, "typical_volume": 128740.05, "trend": 6.029, "fair_value": 5.095417, "relative_strength": -6.479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.450479, "energy": 46.439315, "activity_lines": [ 6.559333, 6.381091, 6.150476, 6.079269 ] }, { "date": "2026-06-12", "close": 7.94, "volume": 46632, "typical_volume": 115570.0, "trend": 6.081333, "fair_value": 5.104712, "relative_strength": 17.632888, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.589451, "energy": 65.096216, "activity_lines": [ 7.014667, 6.694909, 6.336714, 6.202559 ] }, { "date": "2026-06-19", "close": 7.55, "volume": 138017, "typical_volume": 114327.15, "trend": 6.147333, "fair_value": 5.112083, "relative_strength": 9.377822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.843914, "energy": 51.040588, "activity_lines": [ 7.236667, 6.897091, 6.474857, 6.297312 ] }, { "date": "2026-06-26", "close": 7.47, "volume": 30841, "typical_volume": 112459.9, "trend": 6.210333, "fair_value": 5.117981, "relative_strength": 9.479652, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.059861, "energy": 60.301492, "activity_lines": [ 7.360667, 7.056545, 6.594143, 6.382645 ] }, { "date": "2026-07-03", "close": 7.22, "volume": 46431, "typical_volume": 110118.65, "trend": 6.25, "fair_value": 5.12484, "relative_strength": 3.13166, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.488899, "energy": 61.183807, "activity_lines": [ 7.388667, 7.139455, 6.680619, 6.447785 ] }, { "date": "2026-07-10", "close": 6.59, "volume": 122160, "typical_volume": 115343.45, "trend": 6.250667, "fair_value": 5.131699, "relative_strength": -3.033692, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.814836, "energy": 33.50672, "activity_lines": [ 7.152, 7.082182, 6.700381, 6.46972 ] }, { "date": "2026-07-17", "close": 6.1, "volume": 59138, "typical_volume": 115908.9, "trend": 6.248333, "fair_value": 5.147115, "relative_strength": -8.760464, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.297671, "energy": 13.916783, "activity_lines": [ 6.734, 6.925091, 6.67, 6.46 ] }, { "date": "2026-07-24", "close": 6.86, "volume": 120663, "typical_volume": 118454.55, "trend": 6.258667, "fair_value": 5.167051, "relative_strength": 1.252499, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.629241, "energy": 17.78252, "activity_lines": [ 6.692, 6.911455, 6.712286, 6.499462 ] }, { "date": "2026-07-31", "close": 6.57, "volume": 49185, "typical_volume": 118431.4, "trend": 6.258, "fair_value": 5.190064, "relative_strength": -4.116258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.376145, "energy": 18.369839, "activity_lines": [ 6.599333, 6.838182, 6.724524, 6.519548 ] }, { "date": "2026-08-07", "close": 6.21, "volume": 102738, "typical_volume": 121339.3, "trend": 6.266667, "fair_value": 5.21391, "relative_strength": -10.891884, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.072259, "energy": 14.637514, "activity_lines": [ 6.446667, 6.712364, 6.698381, 6.516452 ] } ], "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." } } }