{ "ticker": { "uuid": "ae1abbd0-b006-4fa6-bf5d-0a6b66f2c836", "symbol": "NCPL", "name": "Netcapital Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 94.893, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -46.25, "architecture_energy": 39.47, "architecture_maturity": 31.574, "architecture_confidence": 68.381, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 35.15, "rotation_up": 8.36, "upward_expansion": 12.04, "deceleration": 50.34, "rotation_down": 65.83, "downward_expansion": 75.7 }, "activity_lines": [ 0.404773, 0.471916, 0.542739, 0.534245 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 0.4113, "trend_reference": 0.544537, "distance_from_trend": -0.244679, "trend_direction": "Weakening", "fair_value": 6.634555, "distance_from_fair_value": -0.938006, "fair_value_direction": "Improving", "relative_strength": -65.950748, "relative_strength_direction": "Improving", "price_momentum": -0.327941, "excess_performance": -0.515395, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.244679, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.233389, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.938006, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.032072, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.659507, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.164102, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.327941, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 13.668054, "read": "Demand-led" } ], "volume": { "latest": 371367, "relative_activity": 0.033303, "balance": 13.668054, "dry_up": 0.029797, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.619639, "annualized_volatility": 1.4537, "from_high_reference": -0.870803, "from_low_reference": 0.320385 }, "levels": { "trend_reference": 0.544537, "fair_value_reference": 6.634555, "structural_low": 0.3115, "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": 9, "median_return": -0.131836, "positive_rate": 0.222222, "directional_follow_through": 0.222222, "median_excess_return": -0.108232, "regime_survival": 0.333333, "best_return": 1.173684, "worst_return": -0.436435, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.140786, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.075311, "regime_survival": 0.2, "best_return": 0.625, "worst_return": -0.692321, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.733822, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.716898, "regime_survival": 0.0, "best_return": 0.396223, "worst_return": -0.81067, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.88, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.897829, "regime_survival": 0.0, "best_return": -0.726125, "worst_return": -0.927737, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": -0.023697, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": 0.024792, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": -0.044335, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.094737, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.070822, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": -0.030612, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-08-01", "tenure": "Developing", "return": 0.28839, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.407051, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": 0.034188, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-10", "tenure": "New", "return": 0.03125, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": -0.03125, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-05-15", "tenure": "Extended", "return": -0.801947, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-06-26", "tenure": "Developing", "return": -0.30525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.204449, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 43.96, "volume": 289146, "typical_volume": 1664387.1, "trend": 81.215633, "fair_value": 500.864135, "relative_strength": -62.691146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.16119, "energy": 79.247283, "activity_lines": [ 45.6274, 55.619836, 72.304967, 76.383533 ] }, { "date": "2023-08-25", "close": 35.42, "volume": 848525, "typical_volume": 1704638.4, "trend": 79.227633, "fair_value": 496.424519, "relative_strength": -69.291179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.448858, "energy": 92.371016, "activity_lines": [ 42.052733, 50.167473, 68.073233, 73.428976 ] }, { "date": "2023-09-01", "close": 36.4, "volume": 302145, "typical_volume": 1715098.25, "trend": 77.337633, "fair_value": 492.170673, "relative_strength": -68.381036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.70294, "energy": 90.503833, "activity_lines": [ 39.546267, 45.992927, 64.0995, 70.665903 ] }, { "date": "2023-09-08", "close": 34.37, "volume": 252053, "typical_volume": 1720578.15, "trend": 75.169967, "fair_value": 488.262788, "relative_strength": -68.57425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.00193, "energy": 90.114541, "activity_lines": [ 37.133133, 42.492927, 60.0791, 67.893798 ] }, { "date": "2023-09-15", "close": 34.055, "volume": 956979, "typical_volume": 1241354.05, "trend": 73.365133, "fair_value": 484.577244, "relative_strength": -67.855075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.541667, "energy": 88.525345, "activity_lines": [ 35.450333, 39.720927, 56.158767, 65.241219 ] }, { "date": "2023-09-22", "close": 29.085, "volume": 337663, "typical_volume": 1221252.35, "trend": 71.592967, "fair_value": 481.084199, "relative_strength": -70.767644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.059482, "energy": 87.382598, "activity_lines": [ 32.865, 36.800655, 52.056267, 62.384437 ] }, { "date": "2023-09-29", "close": 28.7, "volume": 265127, "typical_volume": 1198722.45, "trend": 69.784633, "fair_value": 477.678429, "relative_strength": -70.336035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.991549, "energy": 88.478141, "activity_lines": [ 31.143, 34.7452, 48.2586, 59.617148 ] }, { "date": "2023-10-06", "close": 26.32, "volume": 705444, "typical_volume": 1116588.6, "trend": 68.0953, "fair_value": 474.257404, "relative_strength": -72.440653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.012774, "energy": 87.633265, "activity_lines": [ 29.075667, 32.581436, 44.6476, 56.812978 ] }, { "date": "2023-10-13", "close": 27.3, "volume": 261173, "typical_volume": 636250.45, "trend": 66.368633, "fair_value": 471.470865, "relative_strength": -70.656984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.667432, "energy": 85.890665, "activity_lines": [ 28.007, 30.989127, 41.657933, 54.181024 ] }, { "date": "2023-10-20", "close": 36.61, "volume": 1088290, "typical_volume": 669555.15, "trend": 65.1623, "fair_value": 468.564519, "relative_strength": -58.481231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.956789, "energy": 86.492278, "activity_lines": [ 30.513, 31.445909, 39.8916, 52.261112 ] }, { "date": "2023-10-27", "close": 30.8, "volume": 3051684, "typical_volume": 809990.1, "trend": 63.8708, "fair_value": 465.755545, "relative_strength": -63.112399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.693624, "energy": 63.649524, "activity_lines": [ 30.912, 31.005545, 37.880933, 50.044189 ] }, { "date": "2023-11-03", "close": 26.999, "volume": 427456, "typical_volume": 819482.15, "trend": 62.437433, "fair_value": 462.877333, "relative_strength": -68.734484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.642397, "energy": 64.606836, "activity_lines": [ 29.929667, 30.113364, 35.818267, 47.665363 ] }, { "date": "2023-11-10", "close": 25.417, "volume": 194037, "typical_volume": 780400.4, "trend": 61.044667, "fair_value": 459.450519, "relative_strength": -70.574219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.703094, "energy": 63.707385, "activity_lines": [ 28.5334, 29.086655, 33.933033, 45.276948 ] }, { "date": "2023-11-17", "close": 18.515, "volume": 1457798, "typical_volume": 828980.0, "trend": 59.6057, "fair_value": 455.755103, "relative_strength": -78.378323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.815792, "energy": 70.483463, "activity_lines": [ 24.896667, 27.004727, 31.7161, 42.533099 ] }, { "date": "2023-11-24", "close": 22.75, "volume": 370836, "typical_volume": 838215.75, "trend": 57.1907, "fair_value": 451.750295, "relative_strength": -73.01886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.459773, "energy": 65.804235, "activity_lines": [ 23.257267, 25.981073, 30.183667, 40.155312 ] }, { "date": "2023-12-01", "close": 24.57, "volume": 601116, "typical_volume": 858188.5, "trend": 54.6497, "fair_value": 448.037603, "relative_strength": -70.276447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.459828, "energy": 61.343129, "activity_lines": [ 23.148533, 25.493873, 29.076233, 38.050751 ] }, { "date": "2023-12-08", "close": 24.647, "volume": 388594, "typical_volume": 770182.15, "trend": 51.621267, "fair_value": 444.246878, "relative_strength": -69.524884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.562668, "energy": 55.417003, "activity_lines": [ 23.4808, 25.102764, 28.242467, 36.115092 ] }, { "date": "2023-12-15", "close": 24.745, "volume": 11746693, "typical_volume": 1239006.05, "trend": 47.872767, "fair_value": 440.479218, "relative_strength": -69.587065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.848983, "energy": 45.976557, "activity_lines": [ 24.002533, 24.803164, 27.5223, 34.38114 ] }, { "date": "2023-12-22", "close": 13.524, "volume": 7442186, "typical_volume": 1569691.75, "trend": 45.0569, "fair_value": 437.06591, "relative_strength": -83.059115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.438324, "energy": 51.76664, "activity_lines": [ 20.828733, 22.492018, 25.843967, 32.16509 ] }, { "date": "2023-12-29", "close": 14.854, "volume": 4279991, "typical_volume": 1763346.8, "trend": 42.1687, "fair_value": 432.817538, "relative_strength": -80.77256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.611031, "energy": 51.814812, "activity_lines": [ 18.431, 20.673164, 24.451233, 30.216516 ] }, { "date": "2024-01-05", "close": 14.35, "volume": 2724040, "typical_volume": 1885091.5, "trend": 39.450367, "fair_value": 428.767859, "relative_strength": -80.190578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.207353, "energy": 53.789757, "activity_lines": [ 16.391667, 19.158236, 23.1558, 28.421761 ] }, { "date": "2024-01-12", "close": 14.315, "volume": 1594569, "typical_volume": 1922393.7, "trend": 36.730867, "fair_value": 424.372442, "relative_strength": -80.278225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.704827, "energy": 57.680682, "activity_lines": [ 15.022, 17.936036, 21.998033, 26.800125 ] }, { "date": "2024-01-19", "close": 13.86, "volume": 453698, "typical_volume": 1929971.35, "trend": 34.0662, "fair_value": 420.086288, "relative_strength": -80.815242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.744456, "energy": 61.778576, "activity_lines": [ 14.189467, 16.861727, 20.897433, 25.324585 ] }, { "date": "2024-01-26", "close": 12.67, "volume": 1899529, "typical_volume": 2012345.15, "trend": 31.9032, "fair_value": 417.179045, "relative_strength": -81.978897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.808882, "energy": 70.224629, "activity_lines": [ 13.685933, 15.781182, 19.790833, 23.944185 ] }, { "date": "2024-02-02", "close": 11.907, "volume": 843822, "typical_volume": 2006687.3, "trend": 29.7801, "fair_value": 412.813064, "relative_strength": -82.711441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.897117, "energy": 66.476463, "activity_lines": [ 12.985, 14.668182, 18.7149, 22.654108 ] }, { "date": "2024-02-09", "close": 9.8, "volume": 2033818, "typical_volume": 2091495.05, "trend": 27.423433, "fair_value": 408.95409, "relative_strength": -85.491048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.34051, "energy": 66.31251, "activity_lines": [ 11.7782, 13.369236, 17.543767, 21.365069 ] }, { "date": "2024-02-16", "close": 10.78, "volume": 5012539, "typical_volume": 2328865.65, "trend": 26.231333, "fair_value": 405.433449, "relative_strength": -83.237085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.040043, "energy": 69.382037, "activity_lines": [ 11.2014, 12.517018, 16.5578, 20.291299 ] }, { "date": "2024-02-23", "close": 10.087, "volume": 2390304, "typical_volume": 2413108.65, "trend": 24.969233, "fair_value": 401.459647, "relative_strength": -84.000718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.039793, "energy": 65.558056, "activity_lines": [ 10.629267, 11.790927, 15.591167, 19.249729 ] }, { "date": "2024-03-01", "close": 10.5, "volume": 3311459, "typical_volume": 2565622.95, "trend": 23.7559, "fair_value": 397.039776, "relative_strength": -83.101235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.936767, "energy": 66.463955, "activity_lines": [ 10.446333, 11.406436, 14.741167, 18.31623 ] }, { "date": "2024-03-08", "close": 10.43, "volume": 2429965, "typical_volume": 2632706.7, "trend": 22.591333, "fair_value": 391.722019, "relative_strength": -82.366242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.819349, "energy": 63.679746, "activity_lines": [ 10.384733, 11.0642, 13.9645, 17.456495 ] }, { "date": "2024-03-15", "close": 9.38, "volume": 2360159, "typical_volume": 2598130.45, "trend": 21.438667, "fair_value": 385.948814, "relative_strength": -83.387851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.635946, "energy": 70.481369, "activity_lines": [ 10.0716, 10.611491, 13.2125, 16.604151 ] }, { "date": "2024-03-22", "close": 8.981, "volume": 4326886, "typical_volume": 2793101.95, "trend": 20.557367, "fair_value": 381.294846, "relative_strength": -84.051186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.057911, "energy": 89.042581, "activity_lines": [ 9.653467, 10.1766, 12.5245, 15.80043 ] }, { "date": "2024-03-29", "close": 8.722, "volume": 1622782, "typical_volume": 2864539.2, "trend": 19.634767, "fair_value": 375.535372, "relative_strength": -83.942561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.11065, "energy": 88.999628, "activity_lines": [ 9.268933, 9.7916, 11.897633, 15.036858 ] }, { "date": "2024-04-05", "close": 8.4, "volume": 1727842, "typical_volume": 2878041.4, "trend": 18.7691, "fair_value": 369.39691, "relative_strength": -83.898562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.267466, "energy": 88.850662, "activity_lines": [ 8.868067, 9.441473, 11.3196, 14.312034 ] }, { "date": "2024-04-12", "close": 8.736, "volume": 3366279, "typical_volume": 3027813.55, "trend": 17.925133, "fair_value": 363.32791, "relative_strength": -82.627701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.948191, "energy": 84.885422, "activity_lines": [ 8.7192, 9.230073, 10.821733, 13.664738 ] }, { "date": "2024-04-19", "close": 9.17, "volume": 1599437, "typical_volume": 3077729.6, "trend": 17.2613, "fair_value": 357.127077, "relative_strength": -80.146892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.980118, "energy": 63.623761, "activity_lines": [ 8.827933, 9.155236, 10.431933, 13.09989 ] }, { "date": "2024-04-26", "close": 9.1, "volume": 5203207, "typical_volume": 3318460.25, "trend": 16.607967, "fair_value": 352.025154, "relative_strength": -80.097531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.37959, "energy": 60.363294, "activity_lines": [ 8.927333, 9.079127, 10.1088, 12.573355 ] }, { "date": "2024-05-03", "close": 8.68, "volume": 1651579, "typical_volume": 2813704.55, "trend": 16.019967, "fair_value": 346.624385, "relative_strength": -80.152442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.841372, "energy": 56.228665, "activity_lines": [ 8.8788, 8.9572, 9.8197, 12.061873 ] }, { "date": "2024-05-10", "close": 8.7675, "volume": 1363263, "typical_volume": 2509758.4, "trend": 15.402217, "fair_value": 341.035715, "relative_strength": -78.88454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.726598, "energy": 53.48104, "activity_lines": [ 8.862233, 8.876764, 9.615433, 11.593972 ] }, { "date": "2024-05-17", "close": 9.205, "volume": 36096461, "typical_volume": 4100581.9, "trend": 14.488717, "fair_value": 335.754978, "relative_strength": -76.424108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.572623, "energy": 40.43191, "activity_lines": [ 8.967, 8.907373, 9.475483, 11.194152 ] }, { "date": "2024-05-24", "close": 13.475, "volume": 259135827, "typical_volume": 16921171.25, "trend": 13.911217, "fair_value": 330.232381, "relative_strength": -63.91706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.546703, "energy": 9.923852, "activity_lines": [ 10.463833, 9.736618, 9.7691, 11.128751 ] }, { "date": "2024-05-31", "close": 9.065, "volume": 40303029, "typical_volume": 18856594.25, "trend": 13.313417, "fair_value": 324.681516, "relative_strength": -73.672204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.529999, "energy": 14.571959, "activity_lines": [ 10.203667, 9.689591, 9.646883, 10.816091 ] }, { "date": "2024-06-07", "close": 7.308, "volume": 40346764, "typical_volume": 20851247.55, "trend": 12.709783, "fair_value": 319.231567, "relative_strength": -77.910184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.15075, "energy": 22.069938, "activity_lines": [ 9.360167, 9.321582, 9.382333, 10.428645 ] }, { "date": "2024-06-14", "close": 6.93, "volume": 33553806, "typical_volume": 22433961.4, "trend": 12.323617, "fair_value": 313.442657, "relative_strength": -78.315464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.577492, "energy": 30.54381, "activity_lines": [ 8.482133, 8.910555, 9.112983, 10.055756 ] }, { "date": "2024-06-21", "close": 7.777, "volume": 54913888, "typical_volume": 25137464.7, "trend": 11.824517, "fair_value": 307.681612, "relative_strength": -73.878178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.634456, "energy": 38.398078, "activity_lines": [ 8.008933, 8.680255, 8.951633, 9.762426 ] }, { "date": "2024-06-28", "close": 7.637, "volume": 115554968, "typical_volume": 30813522.2, "trend": 11.260083, "fair_value": 301.986978, "relative_strength": -72.678684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.003941, "energy": 43.377113, "activity_lines": [ 7.584267, 8.441936, 8.796617, 9.492263 ] }, { "date": "2024-07-05", "close": 7.14, "volume": 11434711, "typical_volume": 31134630.8, "trend": 10.676517, "fair_value": 295.301978, "relative_strength": -73.654507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.045552, "energy": 44.108297, "activity_lines": [ 7.383133, 8.141127, 8.604567, 9.226452 ] }, { "date": "2024-07-12", "close": 6.881, "volume": 15347188, "typical_volume": 31782475.0, "trend": 10.08105, "fair_value": 287.94224, "relative_strength": -72.613822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.108568, "energy": 35.268656, "activity_lines": [ 7.224, 7.828864, 8.405183, 8.98158 ] }, { "date": "2024-07-19", "close": 7.28, "volume": 64576728, "typical_volume": 34845738.45, "trend": 9.872917, "fair_value": 280.80942, "relative_strength": -68.527579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.210225, "energy": 30.481541, "activity_lines": [ 7.226333, 7.621855, 8.259067, 8.800867 ] }, { "date": "2024-07-26", "close": 6.55207, "volume": 150601509, "typical_volume": 42254315.65, "trend": 9.596186, "fair_value": 274.120651, "relative_strength": -69.58073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.721018, "energy": 30.380596, "activity_lines": [ 6.96269, 7.30954, 8.058957, 8.586618 ] }, { "date": "2024-08-02", "close": 3.75, "volume": 24172180, "typical_volume": 43344916.7, "trend": 9.242852, "fair_value": 266.740843, "relative_strength": -81.11246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.416972, "energy": 43.598019, "activity_lines": [ 5.846685, 6.535993, 7.610449, 8.209445 ] }, { "date": "2024-08-09", "close": 3.23, "volume": 429615, "typical_volume": 43150053.15, "trend": 8.873352, "fair_value": 260.928215, "relative_strength": -82.918699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.336911, "energy": 55.112021, "activity_lines": [ 4.816481, 5.844719, 7.139227, 7.821519 ] }, { "date": "2024-08-16", "close": 3.65, "volume": 747403, "typical_volume": 43106284.2, "trend": 8.533019, "fair_value": 254.956741, "relative_strength": -80.671786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.157911, "energy": 62.433158, "activity_lines": [ 4.186943, 5.3359, 6.735391, 7.484529 ] }, { "date": "2024-08-23", "close": 3.52, "volume": 776482, "typical_volume": 43058716.2, "trend": 8.228019, "fair_value": 249.078664, "relative_strength": -80.707263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.48493, "energy": 75.131431, "activity_lines": [ 3.729471, 4.869953, 6.343327, 7.161108 ] }, { "date": "2024-08-30", "close": 3.17, "volume": 144961, "typical_volume": 42897650.3, "trend": 7.936786, "fair_value": 243.691933, "relative_strength": -81.650163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.132292, "energy": 78.159435, "activity_lines": [ 3.406, 4.40237, 5.941167, 6.834784 ] }, { "date": "2024-09-06", "close": 2.5, "volume": 437824, "typical_volume": 42839569.65, "trend": 7.693452, "fair_value": 238.951549, "relative_strength": -83.893386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.338521, "energy": 79.374659, "activity_lines": [ 3.084667, 3.896732, 5.501702, 6.484024 ] }, { "date": "2024-09-13", "close": 2.59, "volume": 842507, "typical_volume": 42621534.65, "trend": 7.420452, "fair_value": 234.032254, "relative_strength": -83.448339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.750343, "energy": 77.054493, "activity_lines": [ 2.876667, 3.500858, 5.102571, 6.154769 ] }, { "date": "2024-09-20", "close": 1.64, "volume": 3562410, "typical_volume": 42717076.2, "trend": 7.138886, "fair_value": 229.061997, "relative_strength": -89.178636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.68436, "energy": 79.07364, "activity_lines": [ 2.394667, 3.014984, 4.643964, 5.781837 ] }, { "date": "2024-09-27", "close": 1.61, "volume": 662563, "typical_volume": 42682041.2, "trend": 6.842552, "fair_value": 224.697318, "relative_strength": -88.963534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.163778, "energy": 82.402657, "activity_lines": [ 2.036667, 2.618947, 4.216023, 5.425134 ] }, { "date": "2024-10-04", "close": 1.57, "volume": 339486, "typical_volume": 40894192.45, "trend": 6.547219, "fair_value": 219.210587, "relative_strength": -88.748999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.104191, "energy": 80.019619, "activity_lines": [ 1.792667, 2.318727, 3.818356, 5.08497 ] }, { "date": "2024-10-11", "close": 1.6, "volume": 323734, "typical_volume": 27953587.8, "trend": 6.287886, "fair_value": 212.490074, "relative_strength": -88.098868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.547598, "energy": 78.073369, "activity_lines": [ 1.665333, 2.114545, 3.459903, 4.765794 ] }, { "date": "2024-10-18", "close": 1.6, "volume": 7207055, "typical_volume": 26298789.1, "trend": 6.041852, "fair_value": 208.23751, "relative_strength": -87.217028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.305916, "energy": 67.12046, "activity_lines": [ 1.598, 1.949455, 3.157998, 4.46335 ] }, { "date": "2024-10-25", "close": 1.69, "volume": 1598988, "typical_volume": 24361400.3, "trend": 5.807452, "fair_value": 203.424625, "relative_strength": -85.574336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.995854, "energy": 78.366776, "activity_lines": [ 1.626667, 1.830364, 2.900212, 4.182585 ] }, { "date": "2024-11-01", "close": 1.53, "volume": 2132517, "typical_volume": 22790335.85, "trend": 5.578452, "fair_value": 199.050459, "relative_strength": -85.918178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.381606, "energy": 83.10196, "activity_lines": [ 1.598667, 1.717818, 2.65394, 3.906621 ] }, { "date": "2024-11-08", "close": 1.66, "volume": 1584967, "typical_volume": 20123889.8, "trend": 5.342586, "fair_value": 194.677125, "relative_strength": -84.663261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.307363, "energy": 79.201679, "activity_lines": [ 1.619333, 1.665091, 2.445764, 3.653817 ] }, { "date": "2024-11-15", "close": 1.73, "volume": 2432164, "typical_volume": 14467749.6, "trend": 5.094586, "fair_value": 189.880202, "relative_strength": -82.744741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.968062, "energy": 77.151305, "activity_lines": [ 1.657333, 1.652545, 2.273382, 3.420747 ] }, { "date": "2024-11-22", "close": 1.77, "volume": 1837045, "typical_volume": 13987866.3, "trend": 4.850252, "fair_value": 185.404369, "relative_strength": -81.703774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.264538, "energy": 64.496262, "activity_lines": [ 1.7, 1.661273, 2.132939, 3.206258 ] }, { "date": "2024-11-29", "close": 1.91, "volume": 6267359, "typical_volume": 13533874.85, "trend": 4.624586, "fair_value": 181.826869, "relative_strength": -79.158743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.205945, "energy": 52.97436, "activity_lines": [ 1.778, 1.710364, 2.031401, 3.016564 ] }, { "date": "2024-12-06", "close": 2.14, "volume": 2897241, "typical_volume": 10449900.5, "trend": 4.403669, "fair_value": 177.353408, "relative_strength": -75.862758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.054431, "energy": 45.178509, "activity_lines": [ 1.918, 1.796364, 1.975438, 2.856268 ] }, { "date": "2024-12-13", "close": 2.01, "volume": 1439383, "typical_volume": 2991794.2, "trend": 4.163836, "fair_value": 172.551549, "relative_strength": -75.915804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.451412, "energy": 36.77872, "activity_lines": [ 1.974, 1.849091, 1.931571, 2.701838 ] }, { "date": "2024-12-20", "close": 1.85, "volume": 1077886, "typical_volume": 1837079.5, "trend": 3.776336, "fair_value": 165.832638, "relative_strength": -76.471071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.791048, "energy": 35.969099, "activity_lines": [ 1.953333, 1.864727, 1.894095, 2.552558 ] }, { "date": "2024-12-27", "close": 2.14, "volume": 1521827, "typical_volume": 1891690.1, "trend": 3.545502, "fair_value": 159.115587, "relative_strength": -71.875112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.585422, "energy": 25.267816, "activity_lines": [ 2.021333, 1.928545, 1.893286, 2.446988 ] }, { "date": "2025-01-03", "close": 2.11, "volume": 576663, "typical_volume": 1883153.1, "trend": 3.372236, "fair_value": 154.081036, "relative_strength": -70.810815, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -25.827075, "energy": 22.762755, "activity_lines": [ 2.054667, 1.977091, 1.89481, 2.354375 ] }, { "date": "2025-01-10", "close": 1.82, "volume": 916377, "typical_volume": 1890147.85, "trend": 3.201902, "fair_value": 150.16642, "relative_strength": -73.084896, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -30.008978, "energy": 23.693129, "activity_lines": [ 1.978, 1.965273, 1.876048, 2.254231 ] }, { "date": "2025-01-17", "close": 1.9, "volume": 604984, "typical_volume": 1913149.0, "trend": 3.006002, "fair_value": 145.242702, "relative_strength": -71.47315, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -34.734407, "energy": 23.10498, "activity_lines": [ 1.949333, 1.962727, 1.873, 2.170237 ] }, { "date": "2025-01-24", "close": 1.89, "volume": 371681, "typical_volume": 1909841.85, "trend": 2.814436, "fair_value": 140.31892, "relative_strength": -70.883494, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.261565, "energy": 24.454355, "activity_lines": [ 1.924667, 1.954, 1.875048, 2.098237 ] }, { "date": "2025-01-31", "close": 2.06, "volume": 377136, "typical_volume": 1886573.3, "trend": 2.645102, "fair_value": 135.800074, "relative_strength": -66.560606, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -30.382802, "energy": 21.511252, "activity_lines": [ 1.954, 1.973273, 1.89619, 2.049564 ] }, { "date": "2025-02-07", "close": 2.2346, "volume": 303023, "typical_volume": 1723603.95, "trend": 2.490222, "fair_value": 131.282347, "relative_strength": -62.656936, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -3.223409, "energy": 4.653069, "activity_lines": [ 2.046867, 2.019018, 1.936486, 2.02308 ] }, { "date": "2025-02-14", "close": 2.43, "volume": 801448, "typical_volume": 1730548.2, "trend": 2.328556, "fair_value": 125.913309, "relative_strength": -59.12084, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 7.831996, "energy": 14.202121, "activity_lines": [ 2.19656, 2.094389, 1.992559, 2.019195 ] }, { "date": "2025-02-21", "close": 2.29, "volume": 204390, "typical_volume": 1723793.4, "trend": 2.186487, "fair_value": 121.194014, "relative_strength": -59.252947, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.58058, "energy": 33.540842, "activity_lines": [ 2.25892, 2.139033, 2.031394, 2.016707 ] }, { "date": "2025-02-28", "close": 2.03, "volume": 458034, "typical_volume": 1730508.4, "trend": 2.129153, "fair_value": 116.787155, "relative_strength": -61.230763, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.136682, "energy": 32.229209, "activity_lines": [ 2.208613, 2.131313, 2.042039, 2.006611 ] }, { "date": "2025-03-07", "close": 1.94, "volume": 598505, "typical_volume": 1400080.9, "trend": 2.086153, "fair_value": 112.64895, "relative_strength": -60.234678, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.333607, "energy": 16.986645, "activity_lines": [ 2.118973, 2.103956, 2.042065, 1.994408 ] }, { "date": "2025-03-14", "close": 1.9, "volume": 449836, "typical_volume": 1342623.3, "trend": 2.02782, "fair_value": 108.398309, "relative_strength": -58.643945, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.970191, "energy": 8.880147, "activity_lines": [ 2.024, 2.072964, 2.036662, 1.982398 ] }, { "date": "2025-03-21", "close": 1.68, "volume": 308260, "typical_volume": 1251410.45, "trend": 1.966487, "fair_value": 104.146258, "relative_strength": -62.255299, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.191797, "energy": 29.4061, "activity_lines": [ 1.878, 2.005789, 2.009307, 1.959958 ] }, { "date": "2025-03-28", "close": 1.72, "volume": 132492, "typical_volume": 1178786.7, "trend": 1.918153, "fair_value": 99.306642, "relative_strength": -59.066974, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.71507, "energy": 34.606783, "activity_lines": [ 1.795333, 1.948433, 1.985047, 1.944055 ] }, { "date": "2025-04-04", "close": 1.765, "volume": 355446, "typical_volume": 1074950.8, "trend": 1.893653, "fair_value": 94.830777, "relative_strength": -51.84659, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.881369, "energy": 41.272538, "activity_lines": [ 1.765667, 1.902531, 1.964787, 1.934175 ] }, { "date": "2025-04-11", "close": 1.7907, "volume": 418374, "typical_volume": 1004017.25, "trend": 1.86701, "fair_value": 90.355076, "relative_strength": -52.872897, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.507294, "energy": 42.763855, "activity_lines": [ 1.762233, 1.863575, 1.946808, 1.927532 ] }, { "date": "2025-04-18", "close": 1.89, "volume": 157216, "typical_volume": 698510.1, "trend": 1.875343, "fair_value": 85.924884, "relative_strength": -46.908957, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.603572, "energy": 22.790075, "activity_lines": [ 1.801853, 1.847569, 1.938187, 1.929016 ] }, { "date": "2025-04-25", "close": 1.96, "volume": 138735, "typical_volume": 560584.8, "trend": 1.88701, "fair_value": 81.898986, "relative_strength": -46.045799, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.357763, "energy": 6.002005, "activity_lines": [ 1.865473, 1.850556, 1.936329, 1.934477 ] }, { "date": "2025-05-02", "close": 2.1155, "volume": 150129, "typical_volume": 496122.1, "trend": 1.905193, "fair_value": 77.874086, "relative_strength": -41.398154, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.853884, "energy": 15.51405, "activity_lines": [ 1.96226, 1.890362, 1.950137, 1.949219 ] }, { "date": "2025-05-09", "close": 1.92, "volume": 409515, "typical_volume": 462703.55, "trend": 1.91586, "fair_value": 74.29665, "relative_strength": -44.400675, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.72259, "energy": 10.578646, "activity_lines": [ 1.967513, 1.897795, 1.944823, 1.950174 ] }, { "date": "2025-05-16", "close": 2.02, "volume": 241470, "typical_volume": 398685.7, "trend": 1.92986, "fair_value": 71.303188, "relative_strength": -42.676988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.985842, "energy": 14.940743, "activity_lines": [ 1.995767, 1.925409, 1.9487, 1.956893 ] }, { "date": "2025-05-23", "close": 1.9, "volume": 235501, "typical_volume": 381627.6, "trend": 1.93686, "fair_value": 67.945496, "relative_strength": -40.394226, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.820373, "energy": 8.194408, "activity_lines": [ 1.968733, 1.929751, 1.94172, 1.954966 ] }, { "date": "2025-05-30", "close": 2.67, "volume": 2204937, "typical_volume": 446055.6, "trend": 1.97486, "fair_value": 64.597227, "relative_strength": -13.835823, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.367702, "energy": 58.589874, "activity_lines": [ 2.1977, 2.074093, 2.009074, 2.002266 ] }, { "date": "2025-06-06", "close": 2.68, "volume": 1052255, "typical_volume": 468419.15, "trend": 2.00886, "fair_value": 61.249022, "relative_strength": -12.216332, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.317813, "energy": 72.238337, "activity_lines": [ 2.382667, 2.202253, 2.073332, 2.047758 ] }, { "date": "2025-06-13", "close": 2.66, "volume": 3504170, "typical_volume": 625043.6, "trend": 2.03986, "fair_value": 57.833381, "relative_strength": -9.511966, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.902118, "energy": 71.050319, "activity_lines": [ 2.523333, 2.309322, 2.131971, 2.089768 ] }, { "date": "2025-06-20", "close": 4.13, "volume": 3876121, "typical_volume": 799992.85, "trend": 2.118527, "fair_value": 54.427163, "relative_strength": 44.748304, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.046018, "energy": 85.568975, "activity_lines": [ 3.104667, 2.667391, 2.326943, 2.224615 ] }, { "date": "2025-06-27", "close": 5.68, "volume": 2776966, "typical_volume": 923690.0, "trend": 2.244193, "fair_value": 50.671906, "relative_strength": 95.058111, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.362265, "energy": 95.699004, "activity_lines": [ 4.062, 3.264745, 2.659678, 2.454388 ] }, { "date": "2025-07-04", "close": 6.7, "volume": 5882728, "typical_volume": 1177754.0, "trend": 2.396193, "fair_value": 47.573829, "relative_strength": 128.730986, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.157088, "energy": 97.175443, "activity_lines": [ 5.107333, 3.978645, 3.073148, 2.741859 ] }, { "date": "2025-07-11", "close": 6.86, "volume": 3610910, "typical_volume": 1348080.0, "trend": 2.55786, "fair_value": 46.15947, "relative_strength": 136.432943, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.524346, "energy": 95.053872, "activity_lines": [ 5.937333, 4.635455, 3.481523, 3.029847 ] }, { "date": "2025-07-18", "close": 3.24, "volume": 6824074, "typical_volume": 1666382.0, "trend": 2.604193, "fair_value": 44.826188, "relative_strength": 14.307345, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.865302, "energy": 65.227745, "activity_lines": [ 5.282, 4.547818, 3.523375, 3.073856 ] }, { "date": "2025-07-25", "close": 3.19, "volume": 999388, "typical_volume": 1686426.15, "trend": 2.639193, "fair_value": 43.500483, "relative_strength": 15.303422, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.706666, "energy": 45.25434, "activity_lines": [ 4.571333, 4.427091, 3.554702, 3.11165 ] }, { "date": "2025-08-01", "close": 3.44, "volume": 721831, "typical_volume": 1700025.9, "trend": 2.683527, "fair_value": 41.943047, "relative_strength": 28.250572, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.155851, "energy": 22.439898, "activity_lines": [ 4.006667, 4.330545, 3.603887, 3.163315 ] }, { "date": "2025-08-08", "close": 3.12, "volume": 826271, "typical_volume": 1725926.45, "trend": 2.72686, "fair_value": 40.52715, "relative_strength": 12.934249, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.019047, "energy": 27.704979, "activity_lines": [ 3.484667, 4.147818, 3.615262, 3.191474 ] }, { "date": "2025-08-15", "close": 1.985, "volume": 2248578, "typical_volume": 1831730.75, "trend": 2.729693, "fair_value": 39.105233, "relative_strength": -27.248656, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.795888, "energy": 21.566376, "activity_lines": [ 2.823, 3.750545, 3.511685, 3.143612 ] }, { "date": "2025-08-22", "close": 2.09, "volume": 1885286, "typical_volume": 1908222.75, "trend": 2.73636, "fair_value": 37.691707, "relative_strength": -21.492719, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.133678, "energy": 26.787595, "activity_lines": [ 2.521333, 3.385, 3.416846, 3.102342 ] }, { "date": "2025-08-29", "close": 2.0, "volume": 513047, "typical_volume": 1912956.4, "trend": 2.73436, "fair_value": 36.353887, "relative_strength": -23.661507, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.184784, "energy": 29.598455, "activity_lines": [ 2.266333, 3.013455, 3.311888, 3.054835 ] }, { "date": "2025-09-05", "close": 1.85, "volume": 453376, "typical_volume": 1927764.4, "trend": 2.72154, "fair_value": 35.033054, "relative_strength": -29.373549, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.627869, "energy": 37.196442, "activity_lines": [ 2.040667, 2.653364, 3.191648, 2.997779 ] }, { "date": "2025-09-12", "close": 2.34, "volume": 1430068, "typical_volume": 1992331.05, "trend": 2.71854, "fair_value": 34.128182, "relative_strength": -11.724748, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.243563, "energy": 31.292512, "activity_lines": [ 2.084333, 2.452, 3.118264, 2.973164 ] }, { "date": "2025-09-19", "close": 2.42, "volume": 351865, "typical_volume": 2002417.85, "trend": 2.722873, "fair_value": 33.25972, "relative_strength": -10.87467, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.783818, "energy": 29.01967, "activity_lines": [ 2.206667, 2.344455, 3.05069, 2.953903 ] }, { "date": "2025-09-26", "close": 2.24, "volume": 1240546, "typical_volume": 2043969.4, "trend": 2.729873, "fair_value": 32.434977, "relative_strength": -17.283414, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.369032, "energy": 20.259735, "activity_lines": [ 2.24, 2.284909, 2.964524, 2.92275 ] }, { "date": "2025-10-03", "close": 2.53, "volume": 231744, "typical_volume": 2043483.1, "trend": 2.74954, "fair_value": 31.598631, "relative_strength": -8.063118, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.295531, "energy": 14.995412, "activity_lines": [ 2.36, 2.296273, 2.904452, 2.909855 ] }, { "date": "2025-10-10", "close": 2.31, "volume": 506624, "typical_volume": 2057039.25, "trend": 2.763207, "fair_value": 30.87081, "relative_strength": -14.347298, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.612169, "energy": 16.761897, "activity_lines": [ 2.371333, 2.279636, 2.821, 2.881497 ] }, { "date": "2025-10-17", "close": 2.24, "volume": 259102, "typical_volume": 1959747.5, "trend": 2.781873, "fair_value": 30.153759, "relative_strength": -19.082464, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.140371, "energy": 39.854881, "activity_lines": [ 2.328667, 2.270818, 2.728929, 2.847742 ] }, { "date": "2025-10-24", "close": 2.39, "volume": 359620, "typical_volume": 1925115.75, "trend": 2.804207, "fair_value": 29.370361, "relative_strength": -15.663132, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.255926, "energy": 35.785816, "activity_lines": [ 2.342667, 2.305273, 2.65319, 2.82246 ] }, { "date": "2025-10-31", "close": 2.17, "volume": 434200, "typical_volume": 1771617.25, "trend": 2.817707, "fair_value": 28.650618, "relative_strength": -24.975744, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.148224, "energy": 52.952012, "activity_lines": [ 2.285333, 2.292364, 2.557881, 2.781543 ] }, { "date": "2025-11-07", "close": 1.9, "volume": 318896, "typical_volume": 1593756.0, "trend": 2.82135, "fair_value": 27.913438, "relative_strength": -32.191252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.216546, "energy": 65.30319, "activity_lines": [ 2.142667, 2.228909, 2.43919, 2.722337 ] }, { "date": "2025-11-14", "close": 1.81, "volume": 168994, "typical_volume": 1463357.4, "trend": 2.818683, "fair_value": 27.229528, "relative_strength": -35.166166, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.8626, "energy": 75.534313, "activity_lines": [ 2.012, 2.150909, 2.322548, 2.657088 ] }, { "date": "2025-11-21", "close": 0.8273, "volume": 4111069, "typical_volume": 1374774.45, "trend": 2.780927, "fair_value": 26.620088, "relative_strength": -69.148829, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.212363, "energy": 93.561543, "activity_lines": [ 1.5871, 1.894964, 2.130743, 2.528612 ] }, { "date": "2025-11-28", "close": 0.9201, "volume": 1079103, "typical_volume": 1248184.1, "trend": 2.74108, "fair_value": 26.074063, "relative_strength": -66.986331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.009732, "energy": 93.193376, "activity_lines": [ 1.287313, 1.683395, 1.975741, 2.408558 ] }, { "date": "2025-12-05", "close": 0.8413, "volume": 2583282, "typical_volume": 1036144.5, "trend": 2.705123, "fair_value": 25.428815, "relative_strength": -69.760169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.159516, "energy": 91.837011, "activity_lines": [ 1.059253, 1.484769, 1.84152, 2.285992 ] }, { "date": "2025-12-12", "close": 1.09, "volume": 307318045, "typical_volume": 16352077.35, "trend": 2.674123, "fair_value": 24.830033, "relative_strength": -59.709544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.416638, "energy": 83.785897, "activity_lines": [ 1.002673, 1.356793, 1.742408, 2.181791 ] }, { "date": "2025-12-19", "close": 0.9141, "volume": 3827498, "typical_volume": 16507360.7, "trend": 2.64126, "fair_value": 24.279482, "relative_strength": -66.087988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.718652, "energy": 64.347503, "activity_lines": [ 0.94146, 1.223016, 1.636542, 2.068241 ] }, { "date": "2025-12-26", "close": 0.7676, "volume": 1374603, "typical_volume": 16534777.3, "trend": 2.577847, "fair_value": 23.611325, "relative_strength": -71.509812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.608692, "energy": 63.655921, "activity_lines": [ 0.89114, 1.087984, 1.528753, 1.947359 ] }, { "date": "2026-01-02", "close": 0.6587, "volume": 846816, "typical_volume": 16464689.2, "trend": 2.51047, "fair_value": 23.014266, "relative_strength": -74.783738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.642246, "energy": 62.995531, "activity_lines": [ 0.8085, 0.959922, 1.421794, 1.823543 ] }, { "date": "2026-01-09", "close": 0.838, "volume": 36980737, "typical_volume": 18219461.75, "trend": 2.449737, "fair_value": 22.45874, "relative_strength": -68.28764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.684542, "energy": 58.073295, "activity_lines": [ 0.803053, 0.895938, 1.338227, 1.715642 ] }, { "date": "2026-01-16", "close": 0.6892, "volume": 1600182, "typical_volume": 18273818.5, "trend": 2.335043, "fair_value": 21.87085, "relative_strength": -73.382783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.285629, "energy": 57.415528, "activity_lines": [ 0.748227, 0.829118, 1.24645, 1.602059 ] }, { "date": "2026-01-23", "close": 0.754, "volume": 1191330, "typical_volume": 18310716.2, "trend": 2.170843, "fair_value": 21.266325, "relative_strength": -70.626478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.36502, "energy": 53.378361, "activity_lines": [ 0.74172, 0.796095, 1.167087, 1.500056 ] }, { "date": "2026-01-30", "close": 0.7119, "volume": 1893904, "typical_volume": 18333908.0, "trend": 1.97124, "fair_value": 20.674093, "relative_strength": -71.858537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.474572, "energy": 51.070849, "activity_lines": [ 0.731853, 0.774616, 1.088933, 1.405931 ] }, { "date": "2026-02-06", "close": 0.612, "volume": 775784, "typical_volume": 18355103.95, "trend": 1.762973, "fair_value": 20.040837, "relative_strength": -74.932691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.095268, "energy": 52.406901, "activity_lines": [ 0.6924, 0.737073, 1.009018, 1.318238 ] }, { "date": "2026-02-13", "close": 0.5448, "volume": 505208, "typical_volume": 18318337.05, "trend": 1.673133, "fair_value": 19.478945, "relative_strength": -76.997298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.423583, "energy": 52.093279, "activity_lines": [ 0.63366, 0.692913, 0.931312, 1.239646 ] }, { "date": "2026-02-20", "close": 0.5831, "volume": 368822, "typical_volume": 18325190.95, "trend": 1.586237, "fair_value": 18.955439, "relative_strength": -75.245403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.951129, "energy": 63.456604, "activity_lines": [ 0.607233, 0.661107, 0.865326, 1.169322 ] }, { "date": "2026-02-27", "close": 0.5113, "volume": 352961, "typical_volume": 18317507.8, "trend": 1.488613, "fair_value": 18.426986, "relative_strength": -77.89056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.30448, "energy": 72.928829, "activity_lines": [ 0.563947, 0.625464, 0.801773, 1.099971 ] }, { "date": "2026-03-06", "close": 0.49, "volume": 1720233, "typical_volume": 18390564.35, "trend": 1.400947, "fair_value": 17.936537, "relative_strength": -78.198691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.69255, "energy": 74.220506, "activity_lines": [ 0.52974, 0.593271, 0.744757, 1.035544 ] }, { "date": "2026-03-13", "close": 0.4521, "volume": 300233, "typical_volume": 18387595.0, "trend": 1.34985, "fair_value": 17.432384, "relative_strength": -79.339318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.808479, "energy": 88.125548, "activity_lines": [ 0.497693, 0.559235, 0.692465, 0.974328 ] }, { "date": "2026-03-20", "close": 0.4856, "volume": 2828971, "typical_volume": 18507333.55, "trend": 1.29637, "fair_value": 16.96883, "relative_strength": -77.043162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.98334, "energy": 86.543552, "activity_lines": [ 0.487473, 0.535045, 0.652591, 0.91857 ] }, { "date": "2026-03-27", "close": 0.35, "volume": 405286, "typical_volume": 18511653.05, "trend": 1.24137, "fair_value": 16.525272, "relative_strength": -82.620679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.559957, "energy": 91.268054, "activity_lines": [ 0.436, 0.492609, 0.607824, 0.857514 ] }, { "date": "2026-04-03", "close": 0.332, "volume": 283342, "typical_volume": 18517370.45, "trend": 1.19077, "fair_value": 16.078682, "relative_strength": -83.830562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.597701, "energy": 90.424199, "activity_lines": [ 0.394067, 0.453067, 0.568723, 0.798845 ] }, { "date": "2026-04-10", "close": 0.356, "volume": 1328207, "typical_volume": 18378227.35, "trend": 1.124637, "fair_value": 15.650195, "relative_strength": -83.089053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.22677, "energy": 79.676345, "activity_lines": [ 0.372087, 0.425562, 0.538947, 0.744989 ] }, { "date": "2026-04-17", "close": 0.4241, "volume": 2035015, "typical_volume": 18426022.95, "trend": 1.058107, "fair_value": 15.257504, "relative_strength": -80.635546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.300819, "energy": 66.242848, "activity_lines": [ 0.38174, 0.416909, 0.5179, 0.699793 ] }, { "date": "2026-04-24", "close": 0.38, "volume": 1301538, "typical_volume": 18361935.75, "trend": 0.996107, "fair_value": 14.649683, "relative_strength": -82.668337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.183842, "energy": 64.107496, "activity_lines": [ 0.37856, 0.403655, 0.495015, 0.656044 ] }, { "date": "2026-05-01", "close": 0.374, "volume": 928008, "typical_volume": 3042433.9, "trend": 0.92424, "fair_value": 14.005927, "relative_strength": -82.822885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.336513, "energy": 61.343796, "activity_lines": [ 0.38042, 0.392305, 0.473756, 0.615908 ] }, { "date": "2026-05-08", "close": 0.397, "volume": 2562318, "typical_volume": 2979174.9, "trend": 0.860473, "fair_value": 13.268087, "relative_strength": -82.360988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.089544, "energy": 55.132228, "activity_lines": [ 0.388347, 0.38894, 0.458096, 0.581893 ] }, { "date": "2026-05-15", "close": 0.3763, "volume": 1363164, "typical_volume": 2978602.95, "trend": 0.79835, "fair_value": 12.391012, "relative_strength": -82.877159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.713782, "energy": 51.01975, "activity_lines": [ 0.38504, 0.383889, 0.442928, 0.550656 ] }, { "date": "2026-05-22", "close": 0.819, "volume": 152458432, "typical_volume": 10559183.75, "trend": 0.745983, "fair_value": 11.768057, "relative_strength": -62.575663, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.593389, "energy": 10.95112, "activity_lines": [ 0.527947, 0.461396, 0.471784, 0.551988 ] }, { "date": "2026-05-29", "close": 1.1, "volume": 46745825, "typical_volume": 11047438.15, "trend": 0.710317, "fair_value": 11.124467, "relative_strength": -49.991317, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.922764, "energy": 40.752424, "activity_lines": [ 0.738193, 0.583324, 0.52664, 0.574828 ] }, { "date": "2026-06-05", "close": 0.932, "volume": 6770529, "typical_volume": 11305955.5, "trend": 0.67805, "fair_value": 10.515698, "relative_strength": -54.528938, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.65797, "energy": 43.107259, "activity_lines": [ 0.84444, 0.663535, 0.564247, 0.58913 ] }, { "date": "2026-06-12", "close": 0.7997, "volume": 1672418, "typical_volume": 11330009.9, "trend": 0.644373, "fair_value": 9.906081, "relative_strength": -60.838936, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.16017, "energy": 40.619552, "activity_lines": [ 0.869387, 0.709109, 0.588099, 0.596978 ] }, { "date": "2026-06-19", "close": 0.6943, "volume": 795012, "typical_volume": 11275065.3, "trend": 0.63994, "fair_value": 9.309249, "relative_strength": -65.249314, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.862331, "energy": 47.853851, "activity_lines": [ 0.832353, 0.727016, 0.601694, 0.600199 ] }, { "date": "2026-06-26", "close": 0.569, "volume": 1230494, "typical_volume": 11297800.8, "trend": 0.628237, "fair_value": 8.815717, "relative_strength": -67.991905, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.360106, "energy": 18.806883, "activity_lines": [ 0.732353, 0.715991, 0.60344, 0.595623 ] }, { "date": "2026-07-03", "close": 0.517, "volume": 428580, "typical_volume": 11293969.4, "trend": 0.617427, "fair_value": 8.334416, "relative_strength": -68.422393, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.239754, "energy": 9.644481, "activity_lines": [ 0.631687, 0.692876, 0.600439, 0.588446 ] }, { "date": "2026-07-10", "close": 0.4752, "volume": 1383706, "typical_volume": 11344713.6, "trend": 0.596933, "fair_value": 7.821436, "relative_strength": -68.376867, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.779424, "energy": 18.982123, "activity_lines": [ 0.555953, 0.659671, 0.593589, 0.57927 ] }, { "date": "2026-07-17", "close": 0.42, "volume": 372559, "typical_volume": 11345693.5, "trend": 0.580463, "fair_value": 7.525776, "relative_strength": -69.360707, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.287117, "energy": 25.019048, "activity_lines": [ 0.492273, 0.614589, 0.581996, 0.567855 ] }, { "date": "2026-07-24", "close": 0.4009, "volume": 267419, "typical_volume": 11273052.8, "trend": 0.56824, "fair_value": 7.220974, "relative_strength": -68.734168, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.914776, "energy": 29.079015, "activity_lines": [ 0.44754, 0.565616, 0.569018, 0.55627 ] }, { "date": "2026-07-31", "close": 0.3743, "volume": 317731, "typical_volume": 11273927.7, "trend": 0.55876, "fair_value": 6.922732, "relative_strength": -69.168044, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.245487, "energy": 42.664756, "activity_lines": [ 0.4135, 0.51136, 0.553931, 0.543758 ] }, { "date": "2026-08-07", "close": 0.4113, "volume": 371367, "typical_volume": 11151047.5, "trend": 0.544537, "fair_value": 6.634555, "relative_strength": -65.950748, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.250373, "energy": 39.470056, "activity_lines": [ 0.404773, 0.471916, 0.542739, 0.534245 ] } ], "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." } } }