{ "ticker": { "uuid": "b08c2489-9fbd-4119-a26e-a7218528bcaa", "symbol": "CANE", "name": "TEUCRIUM COMMODITY TRUST SUGAR FUND", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 79.138, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 79.876, "architecture_energy": 63.778, "architecture_maturity": 10.099, "architecture_confidence": 67.894, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 26.97, "rotation_up": 69.67, "upward_expansion": 85.65, "deceleration": 45.53, "rotation_down": 12.79, "downward_expansion": 14.65 }, "activity_lines": [ 10.009, 9.846545, 9.765905, 9.742604 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 10.65, "trend_reference": 9.67095, "distance_from_trend": 0.101236, "trend_direction": "Improving", "fair_value": 11.597994, "distance_from_fair_value": -0.081738, "fair_value_direction": "Improving", "relative_strength": -3.553113, "relative_strength_direction": "Improving", "price_momentum": 0.161396, "excess_performance": 0.035771, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.101236, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004634, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.081738, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.090165, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035531, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.106497, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.161396, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.070785, "read": "Demand-led" } ], "volume": { "latest": 2213288, "relative_activity": 0.889653, "balance": 1.070785, "dry_up": 0.476723, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.036397, "annualized_volatility": 0.266563, "from_high_reference": -0.058355, "from_low_reference": 0.187291 }, "levels": { "trend_reference": 9.67095, "fair_value_reference": 11.597994, "structural_low": 8.97, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.024481, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.014649, "regime_survival": 0.7, "best_return": 0.195593, "worst_return": -0.179214, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.024583, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.015498, "regime_survival": 0.5, "best_return": 0.194124, "worst_return": -0.161367, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.028605, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.01272, "regime_survival": 0.2, "best_return": 0.33893, "worst_return": -0.072843, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.133094, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.038734, "regime_survival": 0.0, "best_return": 0.30063, "worst_return": -0.254362, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-16", "end": "2024-03-01", "tenure": "New", "return": -0.05908, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-08", "end": "2024-09-13", "tenure": "Extended", "return": -0.094168, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-20", "end": "2024-10-18", "tenure": "Developing", "return": -0.030319, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-11-01", "tenure": "New", "return": 0.003051, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-12-27", "tenure": "Developing", "return": -0.10834, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-02-07", "tenure": "Developing", "return": -0.019476, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": 0.035539, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": 0.065034, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.054383, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.004224, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-16", "end": "2026-03-13", "tenure": "Extended", "return": -0.156074, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": -0.132057, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-07-31", "tenure": "Established", "return": 0.016913, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.37, "volume": 153171, "typical_volume": 403803.1, "trend": 12.41865, "fair_value": 9.244124, "relative_strength": 12.552533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.624614, "energy": 23.021974, "activity_lines": [ 13.378667, 13.343091, 13.422211, 13.077393 ] }, { "date": "2023-08-25", "close": 13.93, "volume": 253293, "typical_volume": 383902.1, "trend": 12.550383, "fair_value": 9.294694, "relative_strength": 15.609527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.686949, "energy": 33.876176, "activity_lines": [ 13.554667, 13.443818, 13.47576, 13.1749 ] }, { "date": "2023-09-01", "close": 14.2541, "volume": 327932, "typical_volume": 376374.95, "trend": 12.684357, "fair_value": 9.348758, "relative_strength": 14.679115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.896302, "energy": 52.253247, "activity_lines": [ 13.822033, 13.606927, 13.552032, 13.284817 ] }, { "date": "2023-09-08", "close": 14.637, "volume": 449757, "typical_volume": 371609.5, "trend": 12.83109, "fair_value": 9.405342, "relative_strength": 18.396402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.718192, "energy": 74.458282, "activity_lines": [ 14.152093, 13.827035, 13.655895, 13.410794 ] }, { "date": "2023-09-15", "close": 14.97, "volume": 291022, "typical_volume": 345159.15, "trend": 12.98859, "fair_value": 9.462265, "relative_strength": 20.365072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.865024, "energy": 84.764983, "activity_lines": [ 14.492687, 14.07356, 13.782747, 13.548788 ] }, { "date": "2023-09-22", "close": 15.06, "volume": 396830, "typical_volume": 340333.6, "trend": 13.150257, "fair_value": 9.519765, "relative_strength": 23.813644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.667589, "energy": 87.445707, "activity_lines": [ 14.768613, 14.299358, 13.912837, 13.682427 ] }, { "date": "2023-09-29", "close": 14.78, "volume": 314032, "typical_volume": 339597.3, "trend": 13.28559, "fair_value": 9.575311, "relative_strength": 21.529706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.299771, "energy": 85.209855, "activity_lines": [ 14.83854, 14.443702, 14.010879, 13.787572 ] }, { "date": "2023-10-06", "close": 14.86, "volume": 221905, "typical_volume": 327541.5, "trend": 13.419197, "fair_value": 9.62999, "relative_strength": 20.852504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.302118, "energy": 79.647998, "activity_lines": [ 14.878467, 14.582591, 14.112255, 13.889147 ] }, { "date": "2023-10-13", "close": 14.92, "volume": 345510, "typical_volume": 320938.9, "trend": 13.561863, "fair_value": 9.685183, "relative_strength": 20.082985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.500814, "energy": 68.011668, "activity_lines": [ 14.898, 14.703662, 14.21363, 13.985973 ] }, { "date": "2023-10-20", "close": 14.89, "volume": 249481, "typical_volume": 323567.3, "trend": 13.701197, "fair_value": 9.739734, "relative_strength": 21.881381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.015347, "energy": 54.616667, "activity_lines": [ 14.888667, 14.786733, 14.306101, 14.071659 ] }, { "date": "2023-10-27", "close": 15.16, "volume": 397694, "typical_volume": 321430.25, "trend": 13.827197, "fair_value": 9.797747, "relative_strength": 26.056802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.974721, "energy": 57.579517, "activity_lines": [ 14.974667, 14.894531, 14.417525, 14.165775 ] }, { "date": "2023-11-03", "close": 15.36, "volume": 590797, "typical_volume": 324582.25, "trend": 13.931863, "fair_value": 9.855098, "relative_strength": 19.815597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.624698, "energy": 59.845729, "activity_lines": [ 15.120667, 15.006147, 14.541234, 14.264666 ] }, { "date": "2023-11-10", "close": 15.14, "volume": 391811, "typical_volume": 325120.8, "trend": 14.02353, "fair_value": 9.911255, "relative_strength": 15.726097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.736728, "energy": 54.320009, "activity_lines": [ 15.154667, 15.051764, 14.638086, 14.34261 ] }, { "date": "2023-11-17", "close": 15.09, "volume": 429075, "typical_volume": 313664.95, "trend": 14.099703, "fair_value": 9.966447, "relative_strength": 12.076362, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.164695, "energy": 52.608517, "activity_lines": [ 15.153333, 15.072182, 14.722652, 14.411415 ] }, { "date": "2023-11-24", "close": 15.01, "volume": 362313, "typical_volume": 318913.35, "trend": 14.13837, "fair_value": 10.021255, "relative_strength": 9.716811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.141524, "energy": 47.838447, "activity_lines": [ 15.114, 15.069818, 14.788504, 14.470144 ] }, { "date": "2023-12-01", "close": 14.35, "volume": 632482, "typical_volume": 342053.6, "trend": 14.15237, "fair_value": 10.072249, "relative_strength": 3.489272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.193049, "energy": 21.30842, "activity_lines": [ 14.846667, 14.946727, 14.781594, 14.483797 ] }, { "date": "2023-12-08", "close": 13.32, "volume": 567208, "typical_volume": 356836.3, "trend": 14.133703, "fair_value": 10.116672, "relative_strength": -4.455264, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -19.158755, "energy": 26.549663, "activity_lines": [ 14.29, 14.649273, 14.67197, 14.430096 ] }, { "date": "2023-12-15", "close": 12.7533, "volume": 405519, "typical_volume": 366125.75, "trend": 14.10348, "fair_value": 10.157206, "relative_strength": -10.774003, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -50.704526, "energy": 51.929049, "activity_lines": [ 13.680433, 14.275327, 14.510088, 14.341038 ] }, { "date": "2023-12-22", "close": 12.32, "volume": 191857, "typical_volume": 359729.35, "trend": 14.059147, "fair_value": 10.194322, "relative_strength": -14.594742, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.092598, "energy": 77.590493, "activity_lines": [ 13.085547, 13.860904, 14.309448, 14.225974 ] }, { "date": "2023-12-29", "close": 12.395, "volume": 304358, "typical_volume": 363802.35, "trend": 14.023313, "fair_value": 10.230508, "relative_strength": -14.416883, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.170969, "energy": 79.292056, "activity_lines": [ 12.700327, 13.507389, 14.119808, 14.11861 ] }, { "date": "2024-01-05", "close": 12.5757, "volume": 175227, "typical_volume": 364905.15, "trend": 13.984503, "fair_value": 10.267756, "relative_strength": -11.958166, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.057083, "energy": 78.635303, "activity_lines": [ 12.549673, 13.232093, 13.952878, 14.025216 ] }, { "date": "2024-01-12", "close": 12.7, "volume": 140958, "typical_volume": 359288.4, "trend": 13.93717, "fair_value": 10.303589, "relative_strength": -12.872577, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.343516, "energy": 76.356865, "activity_lines": [ 12.55874, 13.026384, 13.801568, 13.942345 ] }, { "date": "2024-01-19", "close": 13.5517, "volume": 219042, "typical_volume": 353843.9, "trend": 13.936893, "fair_value": 10.346225, "relative_strength": -8.361985, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.775178, "energy": 53.587408, "activity_lines": [ 12.89304, 13.023893, 13.737229, 13.917475 ] }, { "date": "2024-01-26", "close": 13.8489, "volume": 171610, "typical_volume": 339936.55, "trend": 13.97319, "fair_value": 10.390705, "relative_strength": -7.508772, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.030898, "energy": 31.700463, "activity_lines": [ 13.27318, 13.104316, 13.70454, 13.911798 ] }, { "date": "2024-02-02", "close": 13.877, "volume": 189655, "typical_volume": 334868.2, "trend": 14.004757, "fair_value": 10.433699, "relative_strength": -8.786084, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.529655, "energy": 28.832097, "activity_lines": [ 13.56076, 13.212415, 13.67828, 13.905593 ] }, { "date": "2024-02-09", "close": 14.04, "volume": 119344, "typical_volume": 320993.9, "trend": 14.026757, "fair_value": 10.478026, "relative_strength": -9.120514, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.028299, "energy": 28.970178, "activity_lines": [ 13.803873, 13.370749, 13.672749, 13.907866 ] }, { "date": "2024-02-16", "close": 13.6037, "volume": 133126, "typical_volume": 311948.6, "trend": 14.024213, "fair_value": 10.516287, "relative_strength": -11.739947, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.059883, "energy": 26.092999, "activity_lines": [ 13.803933, 13.455393, 13.630522, 13.880572 ] }, { "date": "2024-02-23", "close": 13.22, "volume": 56256, "typical_volume": 303666.15, "trend": 14.022213, "fair_value": 10.553306, "relative_strength": -15.631542, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.16062, "energy": 23.127692, "activity_lines": [ 13.615847, 13.465115, 13.557354, 13.828688 ] }, { "date": "2024-03-01", "close": 12.8, "volume": 144796, "typical_volume": 293630.45, "trend": 14.011213, "fair_value": 10.587152, "relative_strength": -19.008917, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.200743, "energy": 32.484497, "activity_lines": [ 13.309873, 13.389987, 13.451995, 13.749835 ] }, { "date": "2024-03-08", "close": 12.86, "volume": 102235, "typical_volume": 286268.15, "trend": 13.988213, "fair_value": 10.62196, "relative_strength": -18.275186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.964038, "energy": 50.056511, "activity_lines": [ 13.093827, 13.317042, 13.362446, 13.675563 ] }, { "date": "2024-03-15", "close": 13.26, "volume": 91515, "typical_volume": 270959.2, "trend": 13.984547, "fair_value": 10.659972, "relative_strength": -15.59663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.741376, "energy": 53.413581, "activity_lines": [ 13.078913, 13.308369, 13.320659, 13.628582 ] }, { "date": "2024-03-22", "close": 13.24, "volume": 103759, "typical_volume": 246607.3, "trend": 13.961547, "fair_value": 10.699139, "relative_strength": -17.458179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.424836, "energy": 49.975543, "activity_lines": [ 13.109333, 13.283618, 13.286015, 13.580547 ] }, { "date": "2024-03-29", "close": 13.49, "volume": 105639, "typical_volume": 232298.7, "trend": 13.936077, "fair_value": 10.740803, "relative_strength": -16.072151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.02945, "energy": 25.554563, "activity_lines": [ 13.247333, 13.294504, 13.285275, 13.550124 ] }, { "date": "2024-04-05", "close": 13.15, "volume": 164669, "typical_volume": 219078.4, "trend": 13.88651, "fair_value": 10.777918, "relative_strength": -17.199561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.281432, "energy": 20.594852, "activity_lines": [ 13.254, 13.244693, 13.260012, 13.49941 ] }, { "date": "2024-04-12", "close": 12.3, "volume": 126256, "typical_volume": 207275.55, "trend": 13.79751, "fair_value": 10.806764, "relative_strength": -21.085482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.729471, "energy": 40.966799, "activity_lines": [ 12.954, 13.053044, 13.163034, 13.397054 ] }, { "date": "2024-04-19", "close": 12.02, "volume": 144332, "typical_volume": 182868.05, "trend": 13.696177, "fair_value": 10.832694, "relative_strength": -20.073455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.074821, "energy": 66.446217, "activity_lines": [ 12.598, 12.839158, 13.052295, 13.282376 ] }, { "date": "2024-04-26", "close": 11.76, "volume": 96617, "typical_volume": 159338.5, "trend": 13.59551, "fair_value": 10.85686, "relative_strength": -23.300772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.124157, "energy": 82.985114, "activity_lines": [ 12.238, 12.614727, 12.927889, 13.157462 ] }, { "date": "2024-05-03", "close": 11.9, "volume": 121192, "typical_volume": 145122.15, "trend": 13.496843, "fair_value": 10.879937, "relative_strength": -22.303975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.486365, "energy": 80.871139, "activity_lines": [ 12.023333, 12.449273, 12.824244, 13.048074 ] }, { "date": "2024-05-10", "close": 11.87, "volume": 111703, "typical_volume": 141114.45, "trend": 13.395177, "fair_value": 10.904103, "relative_strength": -23.358794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.17146, "energy": 78.70573, "activity_lines": [ 11.904667, 12.302364, 12.721806, 12.943116 ] }, { "date": "2024-05-17", "close": 11.23, "volume": 255683, "typical_volume": 138680.7, "trend": 13.273177, "fair_value": 10.924494, "relative_strength": -28.117241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.26461, "energy": 83.821513, "activity_lines": [ 11.658, 12.056, 12.560559, 12.803427 ] }, { "date": "2024-05-24", "close": 11.4133, "volume": 186106, "typical_volume": 139224.65, "trend": 13.148287, "fair_value": 10.9449, "relative_strength": -26.395004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.064191, "energy": 71.825256, "activity_lines": [ 11.543767, 11.8726, 12.422316, 12.683435 ] }, { "date": "2024-05-31", "close": 11.3356, "volume": 106965, "typical_volume": 137525.0, "trend": 13.01414, "fair_value": 10.963788, "relative_strength": -26.102494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.113221, "energy": 76.073365, "activity_lines": [ 11.44408, 11.708649, 12.282208, 12.566488 ] }, { "date": "2024-06-07", "close": 11.5235, "volume": 246204, "typical_volume": 138883.1, "trend": 12.89359, "fair_value": 10.983397, "relative_strength": -25.275755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.798312, "energy": 67.67469, "activity_lines": [ 11.43532, 11.613487, 12.166493, 12.470317 ] }, { "date": "2024-06-14", "close": 11.75, "volume": 387267, "typical_volume": 149665.95, "trend": 12.782257, "fair_value": 11.007692, "relative_strength": -24.493584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.565213, "energy": 53.447878, "activity_lines": [ 11.52716, 11.595262, 12.082007, 12.396537 ] }, { "date": "2024-06-21", "close": 11.62, "volume": 208272, "typical_volume": 150596.8, "trend": 12.669257, "fair_value": 11.029103, "relative_strength": -25.286324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.085955, "energy": 43.883046, "activity_lines": [ 11.583667, 11.578855, 11.995135, 12.321553 ] }, { "date": "2024-06-28", "close": 12.2, "volume": 236519, "typical_volume": 156455.55, "trend": 12.59759, "fair_value": 11.052115, "relative_strength": -21.155737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.637432, "energy": 28.137717, "activity_lines": [ 11.807507, 11.680265, 11.974249, 12.291278 ] }, { "date": "2024-07-05", "close": 12.22, "volume": 160065, "typical_volume": 157802.5, "trend": 12.560923, "fair_value": 11.076987, "relative_strength": -22.09569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.490396, "energy": 24.601467, "activity_lines": [ 11.985567, 11.78204, 11.96403, 12.266918 ] }, { "date": "2024-07-12", "close": 11.761, "volume": 134896, "typical_volume": 161734.5, "trend": 12.527847, "fair_value": 11.098118, "relative_strength": -25.270829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.506047, "energy": 24.025743, "activity_lines": [ 11.951667, 11.791996, 11.916685, 12.21531 ] }, { "date": "2024-07-19", "close": 11.4733, "volume": 121999, "typical_volume": 160594.65, "trend": 12.499623, "fair_value": 11.116088, "relative_strength": -25.137175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.613977, "energy": 25.789312, "activity_lines": [ 11.806033, 11.752171, 11.848888, 12.147275 ] }, { "date": "2024-07-26", "close": 11.32, "volume": 135588, "typical_volume": 162262.3, "trend": 12.46379, "fair_value": 11.133908, "relative_strength": -25.072094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.092002, "energy": 40.538339, "activity_lines": [ 11.627747, 11.691685, 11.772808, 12.07117 ] }, { "date": "2024-08-02", "close": 11.185, "volume": 117799, "typical_volume": 163576.5, "trend": 12.417433, "fair_value": 11.148235, "relative_strength": -23.897784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.942524, "energy": 64.865949, "activity_lines": [ 11.42446, 11.605018, 11.691205, 11.988667 ] }, { "date": "2024-08-09", "close": 11.4, "volume": 152782, "typical_volume": 166027.65, "trend": 12.3741, "fair_value": 11.160415, "relative_strength": -21.933968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.494528, "energy": 64.811202, "activity_lines": [ 11.360507, 11.561593, 11.639959, 11.923026 ] }, { "date": "2024-08-16", "close": 11.187, "volume": 83506, "typical_volume": 164921.0, "trend": 12.295277, "fair_value": 11.172447, "relative_strength": -25.772268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.905983, "energy": 70.911758, "activity_lines": [ 11.28022, 11.478269, 11.577189, 11.846439 ] }, { "date": "2024-08-23", "close": 11.3022, "volume": 84997, "typical_volume": 160937.4, "trend": 12.210387, "fair_value": 11.182781, "relative_strength": -25.418093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.74275, "energy": 58.650783, "activity_lines": [ 11.2766, 11.422009, 11.536357, 11.78237 ] }, { "date": "2024-08-30", "close": 11.82, "volume": 291941, "typical_volume": 169221.65, "trend": 12.14182, "fair_value": 11.19682, "relative_strength": -21.596691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.005186, "energy": 29.594969, "activity_lines": [ 11.456987, 11.468036, 11.553638, 11.757184 ] }, { "date": "2024-09-06", "close": 11.595, "volume": 308374, "typical_volume": 177423.75, "trend": 12.06032, "fair_value": 11.211211, "relative_strength": -19.080006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.239476, "energy": 20.752588, "activity_lines": [ 11.52904, 11.469518, 11.551777, 11.721905 ] }, { "date": "2024-09-13", "close": 11.649, "volume": 79858, "typical_volume": 176585.8, "trend": 11.995163, "fair_value": 11.225563, "relative_strength": -21.068442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.050862, "energy": 16.60086, "activity_lines": [ 11.59176, 11.491818, 11.557082, 11.695368 ] }, { "date": "2024-09-20", "close": 13.18, "volume": 533404, "typical_volume": 197196.4, "trend": 11.99383, "fair_value": 11.249538, "relative_strength": -11.149913, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.248897, "energy": 38.306952, "activity_lines": [ 12.148213, 11.802864, 11.708725, 11.771809 ] }, { "date": "2024-09-27", "close": 13.26, "volume": 350006, "typical_volume": 209111.55, "trend": 12.009163, "fair_value": 11.273544, "relative_strength": -10.33216, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.003884, "energy": 70.846466, "activity_lines": [ 12.598467, 12.102655, 11.861892, 11.853498 ] }, { "date": "2024-10-04", "close": 13.2401, "volume": 166928, "typical_volume": 204673.8, "trend": 12.021833, "fair_value": 11.296511, "relative_strength": -9.902084, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.242316, "energy": 75.910869, "activity_lines": [ 12.911567, 12.366342, 12.006545, 11.932913 ] }, { "date": "2024-10-11", "close": 12.82, "volume": 241048, "typical_volume": 207420.9, "trend": 12.007167, "fair_value": 11.31728, "relative_strength": -12.91015, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.8177, "energy": 70.418714, "activity_lines": [ 12.98996, 12.518736, 12.101617, 11.984408 ] }, { "date": "2024-10-18", "close": 12.7804, "volume": 299664, "typical_volume": 217055.85, "trend": 11.991847, "fair_value": 11.339783, "relative_strength": -13.003049, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.776779, "energy": 75.616259, "activity_lines": [ 12.973487, 12.634204, 12.186218, 12.034294 ] }, { "date": "2024-10-25", "close": 12.781, "volume": 258168, "typical_volume": 217654.05, "trend": 11.968213, "fair_value": 11.362033, "relative_strength": -11.121576, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.235757, "energy": 49.465362, "activity_lines": [ 12.881787, 12.724682, 12.263997, 12.085207 ] }, { "date": "2024-11-01", "close": 12.82, "volume": 439571, "typical_volume": 220269.25, "trend": 11.957213, "fair_value": 11.382289, "relative_strength": -8.656137, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.655535, "energy": 40.411611, "activity_lines": [ 12.829687, 12.793269, 12.339501, 12.140161 ] }, { "date": "2024-11-08", "close": 12.83, "volume": 462930, "typical_volume": 233002.15, "trend": 11.97488, "fair_value": 11.40261, "relative_strength": -11.810715, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.53248, "energy": 32.740772, "activity_lines": [ 12.810253, 12.836078, 12.410863, 12.196469 ] }, { "date": "2024-11-15", "close": 12.63, "volume": 627189, "typical_volume": 252535.65, "trend": 11.995213, "fair_value": 11.42152, "relative_strength": -10.46621, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.868061, "energy": 27.87385, "activity_lines": [ 12.751493, 12.82416, 12.457416, 12.238735 ] }, { "date": "2024-11-22", "close": 12.61, "volume": 216460, "typical_volume": 255355.4, "trend": 12.023547, "fair_value": 11.442546, "relative_strength": -11.205238, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.722351, "energy": 24.384266, "activity_lines": [ 12.698733, 12.789787, 12.500016, 12.278399 ] }, { "date": "2024-11-29", "close": 12.51, "volume": 89332, "typical_volume": 253077.2, "trend": 12.04388, "fair_value": 11.465038, "relative_strength": -12.165224, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.441567, "energy": 19.142484, "activity_lines": [ 12.624, 12.71976, 12.531235, 12.309783 ] }, { "date": "2024-12-06", "close": 12.7, "volume": 367911, "typical_volume": 265372.8, "trend": 12.071547, "fair_value": 11.485935, "relative_strength": -10.991561, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.14033, "energy": 17.028278, "activity_lines": [ 12.630667, 12.69646, 12.576982, 12.352113 ] }, { "date": "2024-12-13", "close": 12.17, "volume": 185233, "typical_volume": 267855.05, "trend": 12.10288, "fair_value": 11.505102, "relative_strength": -13.682508, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.804829, "energy": 13.887159, "activity_lines": [ 12.468667, 12.586978, 12.566412, 12.358465 ] }, { "date": "2024-12-20", "close": 11.4848, "volume": 423125, "typical_volume": 283121.35, "trend": 12.105263, "fair_value": 11.519235, "relative_strength": -16.544586, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.650516, "energy": 24.261972, "activity_lines": [ 12.122267, 12.372371, 12.486538, 12.318589 ] }, { "date": "2024-12-27", "close": 11.44, "volume": 65592, "typical_volume": 278761.85, "trend": 12.108743, "fair_value": 11.533594, "relative_strength": -16.916253, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.228069, "energy": 54.316761, "activity_lines": [ 11.83728, 12.173895, 12.400969, 12.275669 ] }, { "date": "2025-01-03", "close": 11.65, "volume": 93485, "typical_volume": 279260.8, "trend": 12.11296, "fair_value": 11.551351, "relative_strength": -14.417528, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.204581, "energy": 58.75207, "activity_lines": [ 11.700293, 12.037971, 12.335209, 12.246072 ] }, { "date": "2025-01-10", "close": 11.569, "volume": 71055, "typical_volume": 278563.7, "trend": 12.106927, "fair_value": 11.567754, "relative_strength": -12.820452, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.440779, "energy": 64.661759, "activity_lines": [ 11.59364, 11.907884, 12.25953, 12.210978 ] }, { "date": "2025-01-17", "close": 10.99, "volume": 292899, "typical_volume": 278611.6, "trend": 12.085927, "fair_value": 11.579293, "relative_strength": -18.865419, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.265986, "energy": 74.936877, "activity_lines": [ 11.369387, 11.695269, 12.127439, 12.138918 ] }, { "date": "2025-01-24", "close": 11.32, "volume": 171189, "typical_volume": 271752.35, "trend": 12.056593, "fair_value": 11.594293, "relative_strength": -17.143296, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.844712, "energy": 61.85711, "activity_lines": [ 11.3338, 11.576109, 12.030728, 12.089504 ] }, { "date": "2025-01-31", "close": 11.4826, "volume": 125840, "typical_volume": 274051.45, "trend": 12.032013, "fair_value": 11.61104, "relative_strength": -14.409329, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.268038, "energy": 53.521537, "activity_lines": [ 11.3634, 11.510331, 11.950812, 12.052472 ] }, { "date": "2025-02-07", "close": 11.4231, "volume": 153226, "typical_volume": 255042.55, "trend": 12.02075, "fair_value": 11.627086, "relative_strength": -14.00985, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.467008, "energy": 52.065268, "activity_lines": [ 11.370327, 11.454233, 11.866022, 12.013187 ] }, { "date": "2025-02-14", "close": 12.24, "volume": 409400, "typical_volume": 258012.25, "trend": 12.046307, "fair_value": 11.648881, "relative_strength": -8.613259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.844286, "energy": 22.788477, "activity_lines": [ 11.66468, 11.566424, 11.867398, 12.027332 ] }, { "date": "2025-02-21", "close": 12.675, "volume": 218736, "typical_volume": 260602.65, "trend": 12.091473, "fair_value": 11.673592, "relative_strength": -3.382887, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.197349, "energy": 17.500321, "activity_lines": [ 12.0593, 11.766069, 11.91506, 12.067893 ] }, { "date": "2025-02-28", "close": 11.84, "volume": 260725, "typical_volume": 261586.5, "trend": 12.113307, "fair_value": 11.688015, "relative_strength": -8.441961, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.845122, "energy": 24.435796, "activity_lines": [ 12.063253, 11.804715, 11.885889, 12.051669 ] }, { "date": "2025-03-07", "close": 11.76, "volume": 300178, "typical_volume": 261612.2, "trend": 12.125307, "fair_value": 11.701733, "relative_strength": -5.758134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.125396, "energy": 25.406837, "activity_lines": [ 12.005873, 11.822356, 11.853766, 12.028875 ] }, { "date": "2025-03-14", "close": 12.3534, "volume": 141053, "typical_volume": 255756.45, "trend": 12.164187, "fair_value": 11.720473, "relative_strength": 1.6923, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.661303, "energy": 16.612897, "activity_lines": [ 12.1278, 11.942071, 11.883016, 12.043591 ] }, { "date": "2025-03-21", "close": 12.61, "volume": 251155, "typical_volume": 246335.65, "trend": 12.20778, "fair_value": 11.738871, "relative_strength": 3.588495, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.552024, "energy": 24.911018, "activity_lines": [ 12.27324, 12.095651, 11.93874, 12.072353 ] }, { "date": "2025-03-28", "close": 12.32, "volume": 159064, "typical_volume": 231142.35, "trend": 12.224447, "fair_value": 11.756563, "relative_strength": 3.083961, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.615336, "energy": 26.46346, "activity_lines": [ 12.297347, 12.177576, 11.967845, 12.079593 ] }, { "date": "2025-04-04", "close": 12.24, "volume": 193945, "typical_volume": 209480.15, "trend": 12.245947, "fair_value": 11.770281, "relative_strength": 12.773543, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.591358, "energy": 31.018985, "activity_lines": [ 12.318453, 12.220775, 11.99176, 12.080597 ] }, { "date": "2025-04-11", "close": 11.65, "volume": 422453, "typical_volume": 219779.8, "trend": 12.24598, "fair_value": 11.780473, "relative_strength": 1.809786, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -32.620123, "energy": 17.748578, "activity_lines": [ 12.116227, 12.139973, 11.961341, 12.042148 ] }, { "date": "2025-04-18", "close": 11.601, "volume": 92177, "typical_volume": 219922.05, "trend": 12.193347, "fair_value": 11.793492, "relative_strength": 3.06717, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.531309, "energy": 23.758853, "activity_lines": [ 11.905, 12.047218, 11.930828, 12.000537 ] }, { "date": "2025-04-25", "close": 11.85, "volume": 140818, "typical_volume": 208567.4, "trend": 12.146347, "fair_value": 11.808044, "relative_strength": 0.820012, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.709878, "energy": 25.640381, "activity_lines": [ 11.826933, 11.996502, 11.928357, 11.978385 ] }, { "date": "2025-05-02", "close": 11.335, "volume": 256123, "typical_volume": 212111.9, "trend": 12.082843, "fair_value": 11.819422, "relative_strength": -6.002205, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.646128, "energy": 42.828716, "activity_lines": [ 11.627867, 11.85924, 11.880886, 11.92604 ] }, { "date": "2025-05-09", "close": 11.65, "volume": 118400, "typical_volume": 196875.65, "trend": 12.043843, "fair_value": 11.832499, "relative_strength": -2.761642, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.004749, "energy": 45.173208, "activity_lines": [ 11.599467, 11.803615, 11.867391, 11.898115 ] }, { "date": "2025-05-16", "close": 11.565, "volume": 141318, "typical_volume": 200661.95, "trend": 12.00333, "fair_value": 11.84221, "relative_strength": -8.154128, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.927499, "energy": 45.816605, "activity_lines": [ 11.582067, 11.735989, 11.845014, 11.867222 ] }, { "date": "2025-05-23", "close": 11.475, "volume": 104512, "typical_volume": 201213.3, "trend": 11.959797, "fair_value": 11.852563, "relative_strength": -6.32287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.619472, "energy": 47.330167, "activity_lines": [ 11.540333, 11.655545, 11.813471, 11.833136 ] }, { "date": "2025-05-30", "close": 11.3415, "volume": 84809, "typical_volume": 201901.0, "trend": 11.910513, "fair_value": 11.862316, "relative_strength": -8.818305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.00953, "energy": 46.580892, "activity_lines": [ 11.4625, 11.5668, 11.770047, 11.793246 ] }, { "date": "2025-06-06", "close": 11.15, "volume": 174159, "typical_volume": 195964.0, "trend": 11.854513, "fair_value": 11.871996, "relative_strength": -11.555295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.481918, "energy": 56.955847, "activity_lines": [ 11.354733, 11.4663, 11.709468, 11.744181 ] }, { "date": "2025-06-13", "close": 10.94, "volume": 104091, "typical_volume": 192609.1, "trend": 11.79818, "fair_value": 11.881996, "relative_strength": -12.622701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.5486, "energy": 72.902141, "activity_lines": [ 11.1893, 11.348891, 11.628127, 11.68518 ] }, { "date": "2025-06-20", "close": 10.99, "volume": 191814, "typical_volume": 195907.8, "trend": 11.74418, "fair_value": 11.893406, "relative_strength": -11.831252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.026237, "energy": 74.18279, "activity_lines": [ 11.087867, 11.264209, 11.553357, 11.633039 ] }, { "date": "2025-06-27", "close": 11.16, "volume": 130099, "typical_volume": 194751.45, "trend": 11.69918, "fair_value": 11.906483, "relative_strength": -13.108949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.327502, "energy": 68.315199, "activity_lines": [ 11.081433, 11.222436, 11.497124, 11.59535 ] }, { "date": "2025-07-04", "close": 11.02, "volume": 288079, "typical_volume": 188685.4, "trend": 11.64318, "fair_value": 11.916547, "relative_strength": -15.264651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.20357, "energy": 63.667101, "activity_lines": [ 11.049333, 11.163227, 11.42881, 11.551532 ] }, { "date": "2025-07-11", "close": 11.0352, "volume": 139424, "typical_volume": 184719.8, "trend": 11.605353, "fair_value": 11.926901, "relative_strength": -14.632115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.968381, "energy": 49.201029, "activity_lines": [ 11.043733, 11.121873, 11.367753, 11.512308 ] }, { "date": "2025-07-18", "close": 11.15, "volume": 606557, "typical_volume": 202011.4, "trend": 11.594193, "fair_value": 11.941452, "relative_strength": -14.017725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.329791, "energy": 39.790824, "activity_lines": [ 11.084053, 11.106842, 11.325439, 11.48293 ] }, { "date": "2025-07-25", "close": 10.87, "volume": 380419, "typical_volume": 206023.45, "trend": 11.575193, "fair_value": 11.95517, "relative_strength": -17.121809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.155281, "energy": 44.97465, "activity_lines": [ 11.01704, 11.049993, 11.259743, 11.436208 ] }, { "date": "2025-08-01", "close": 10.8299, "volume": 121790, "typical_volume": 205060.3, "trend": 11.547857, "fair_value": 11.967733, "relative_strength": -15.081032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.857339, "energy": 48.509575, "activity_lines": [ 10.94466, 10.998489, 11.194466, 11.388124 ] }, { "date": "2025-08-08", "close": 10.91, "volume": 123366, "typical_volume": 198670.85, "trend": 11.52589, "fair_value": 11.978887, "relative_strength": -16.17242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.358252, "energy": 46.752882, "activity_lines": [ 10.920987, 10.973278, 11.144073, 11.346972 ] }, { "date": "2025-08-15", "close": 11.0435, "volume": 288155, "typical_volume": 205125.4, "trend": 11.527673, "fair_value": 11.992563, "relative_strength": -15.712754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.146386, "energy": 44.694234, "activity_lines": [ 10.949147, 10.980185, 11.114489, 11.31585 ] }, { "date": "2025-08-22", "close": 10.9853, "volume": 144743, "typical_volume": 202665.3, "trend": 11.516517, "fair_value": 12.004969, "relative_strength": -16.135974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.612146, "energy": 38.067271, "activity_lines": [ 10.957353, 10.978447, 11.085441, 11.280858 ] }, { "date": "2025-08-29", "close": 10.9105, "volume": 113464, "typical_volume": 187215.85, "trend": 11.497447, "fair_value": 12.017601, "relative_strength": -16.331349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.94343, "energy": 35.096396, "activity_lines": [ 10.951607, 10.962285, 11.055244, 11.241761 ] }, { "date": "2025-09-05", "close": 10.47, "volume": 235928, "typical_volume": 194403.4, "trend": 11.465677, "fair_value": 12.027216, "relative_strength": -19.556488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.728693, "energy": 49.401691, "activity_lines": [ 10.796327, 10.867478, 10.986616, 11.175474 ] }, { "date": "2025-09-12", "close": 10.595, "volume": 327682, "typical_volume": 203746.6, "trend": 11.410843, "fair_value": 12.038722, "relative_strength": -19.480486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.011862, "energy": 57.354595, "activity_lines": [ 10.706707, 10.807944, 10.935278, 11.119301 ] }, { "date": "2025-09-19", "close": 10.365, "volume": 226206, "typical_volume": 202250.75, "trend": 11.333843, "fair_value": 12.049046, "relative_strength": -21.599356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.529812, "energy": 73.572853, "activity_lines": [ 10.56142, 10.714318, 10.868012, 11.051827 ] }, { "date": "2025-09-26", "close": 10.455, "volume": 153027, "typical_volume": 203982.1, "trend": 11.287677, "fair_value": 12.060424, "relative_strength": -20.101012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.090063, "energy": 74.297658, "activity_lines": [ 10.491367, 10.649242, 10.813936, 10.995128 ] }, { "date": "2025-10-03", "close": 10.5146, "volume": 228041, "typical_volume": 208318.25, "trend": 11.246163, "fair_value": 12.069621, "relative_strength": -19.935174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.883723, "energy": 67.063581, "activity_lines": [ 10.476533, 10.607638, 10.771227, 10.945252 ] }, { "date": "2025-10-10", "close": 10.2746, "volume": 180590, "typical_volume": 212122.15, "trend": 11.17687, "fair_value": 12.077214, "relative_strength": -19.296804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.011174, "energy": 63.682015, "activity_lines": [ 10.408093, 10.52886, 10.710663, 10.88257 ] }, { "date": "2025-10-17", "close": 9.885, "volume": 331821, "typical_volume": 224472.75, "trend": 11.086037, "fair_value": 12.083015, "relative_strength": -23.136138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.765605, "energy": 73.533562, "activity_lines": [ 10.222813, 10.389342, 10.61871, 10.799224 ] }, { "date": "2025-10-24", "close": 9.53, "volume": 335311, "typical_volume": 232530.35, "trend": 10.993037, "fair_value": 12.089041, "relative_strength": -26.70155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.441966, "energy": 88.514265, "activity_lines": [ 9.966533, 10.203915, 10.499883, 10.698834 ] }, { "date": "2025-10-31", "close": 9.3, "volume": 390288, "typical_volume": 246840.2, "trend": 10.895037, "fair_value": 12.090387, "relative_strength": -28.322545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.875317, "energy": 94.29016, "activity_lines": [ 9.689253, 10.004187, 10.366866, 10.589606 ] }, { "date": "2025-11-07", "close": 9.14, "volume": 334464, "typical_volume": 253972.7, "trend": 10.81137, "fair_value": 12.088785, "relative_strength": -27.801228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.476024, "energy": 94.166316, "activity_lines": [ 9.43564, 9.806011, 10.22642, 10.476378 ] }, { "date": "2025-11-14", "close": 9.51, "volume": 459395, "typical_volume": 270437.5, "trend": 10.74167, "fair_value": 12.088913, "relative_strength": -24.394796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.990444, "energy": 87.210974, "activity_lines": [ 9.397, 9.707298, 10.130022, 10.392419 ] }, { "date": "2025-11-21", "close": 9.4954, "volume": 352483, "typical_volume": 273657.7, "trend": 10.663183, "fair_value": 12.089845, "relative_strength": -22.473873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.126599, "energy": 78.810945, "activity_lines": [ 9.404467, 9.623385, 10.040091, 10.312014 ] }, { "date": "2025-11-28", "close": 9.76, "volume": 238662, "typical_volume": 278619.6, "trend": 10.610683, "fair_value": 12.092895, "relative_strength": -22.614997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.50878, "energy": 57.678423, "activity_lines": [ 9.526107, 9.607575, 9.98262, 10.253744 ] }, { "date": "2025-12-05", "close": 9.572, "volume": 235731, "typical_volume": 260078.3, "trend": 10.541417, "fair_value": 12.094126, "relative_strength": -23.789364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.023006, "energy": 45.042269, "activity_lines": [ 9.569747, 9.568582, 9.913316, 10.186732 ] }, { "date": "2025-12-12", "close": 9.75, "volume": 209230, "typical_volume": 251518.85, "trend": 10.480917, "fair_value": 12.095649, "relative_strength": -21.422711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.226123, "energy": 36.373702, "activity_lines": [ 9.654587, 9.578007, 9.868479, 10.135673 ] }, { "date": "2025-12-19", "close": 9.6249, "volume": 184214, "typical_volume": 254640.05, "trend": 10.419247, "fair_value": 12.094603, "relative_strength": -22.071836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.044397, "energy": 31.695262, "activity_lines": [ 9.65706, 9.578589, 9.81706, 10.080446 ] }, { "date": "2025-12-26", "close": 9.8506, "volume": 309086, "typical_volume": 263926.05, "trend": 10.36955, "fair_value": 12.096658, "relative_strength": -20.93329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.45704, "energy": 27.148943, "activity_lines": [ 9.727107, 9.63202, 9.792876, 10.04376 ] }, { "date": "2026-01-02", "close": 9.58, "volume": 176217, "typical_volume": 258329.15, "trend": 10.317217, "fair_value": 12.099287, "relative_strength": -21.811061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.736912, "energy": 27.253356, "activity_lines": [ 9.683273, 9.636876, 9.747964, 9.992821 ] }, { "date": "2026-01-09", "close": 9.6739, "volume": 112356, "typical_volume": 256709.8, "trend": 10.275013, "fair_value": 12.101174, "relative_strength": -21.762391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.471911, "energy": 25.999002, "activity_lines": [ 9.68274, 9.657896, 9.718965, 9.951317 ] }, { "date": "2026-01-16", "close": 9.68, "volume": 238836, "typical_volume": 262978.4, "trend": 10.231347, "fair_value": 12.102744, "relative_strength": -21.047303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.758867, "energy": 23.182665, "activity_lines": [ 9.677447, 9.673227, 9.696791, 9.912929 ] }, { "date": "2026-01-23", "close": 9.545, "volume": 136107, "typical_volume": 257987.35, "trend": 10.177513, "fair_value": 12.099969, "relative_strength": -21.448803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.628213, "energy": 35.650401, "activity_lines": [ 9.63182, 9.654195, 9.66762, 9.868648 ] }, { "date": "2026-01-30", "close": 9.24, "volume": 249218, "typical_volume": 254064.15, "trend": 10.11818, "fair_value": 12.093591, "relative_strength": -23.765144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.304001, "energy": 49.807013, "activity_lines": [ 9.489853, 9.579071, 9.613805, 9.808163 ] }, { "date": "2026-02-06", "close": 9.17, "volume": 434181, "typical_volume": 264462.9, "trend": 10.056007, "fair_value": 12.086764, "relative_strength": -23.695589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.885675, "energy": 67.202787, "activity_lines": [ 9.36526, 9.495864, 9.559777, 9.746991 ] }, { "date": "2026-02-13", "close": 9.03, "volume": 417395, "typical_volume": 277681.3, "trend": 9.98534, "fair_value": 12.078976, "relative_strength": -23.283932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.314796, "energy": 80.21813, "activity_lines": [ 9.221333, 9.397929, 9.498105, 9.680797 ] }, { "date": "2026-02-20", "close": 9.2285, "volume": 537013, "typical_volume": 293129.9, "trend": 9.930623, "fair_value": 12.072684, "relative_strength": -21.774851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.913155, "energy": 73.567827, "activity_lines": [ 9.1865, 9.34594, 9.462124, 9.631968 ] }, { "date": "2026-02-27", "close": 9.29, "volume": 806861, "typical_volume": 324443.45, "trend": 9.879293, "fair_value": 12.063517, "relative_strength": -20.265683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.484104, "energy": 61.66214, "activity_lines": [ 9.202267, 9.314615, 9.438125, 9.590638 ] }, { "date": "2026-03-06", "close": 9.47, "volume": 846765, "typical_volume": 350190.65, "trend": 9.831293, "fair_value": 12.05466, "relative_strength": -16.453662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.253473, "energy": 39.391588, "activity_lines": [ 9.295033, 9.322105, 9.435957, 9.564232 ] }, { "date": "2026-03-13", "close": 9.76, "volume": 2024023, "typical_volume": 434626.25, "trend": 9.78851, "fair_value": 12.049019, "relative_strength": -11.832126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.52737, "energy": 13.067434, "activity_lines": [ 9.469133, 9.389244, 9.463384, 9.559632 ] }, { "date": "2026-03-20", "close": 10.45, "volume": 2416101, "typical_volume": 535916.9, "trend": 9.770667, "fair_value": 12.047352, "relative_strength": -3.145647, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.304637, "energy": 38.699807, "activity_lines": [ 9.8339, 9.578564, 9.55543, 9.602309 ] }, { "date": "2026-03-27", "close": 10.62, "volume": 3492411, "typical_volume": 693814.25, "trend": 9.760983, "fair_value": 12.04248, "relative_strength": 1.342869, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.921156, "energy": 61.785852, "activity_lines": [ 10.160667, 9.784682, 9.65819, 9.657105 ] }, { "date": "2026-04-03", "close": 10.14, "volume": 6094241, "typical_volume": 975556.55, "trend": 9.749983, "fair_value": 12.029147, "relative_strength": -5.450489, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.102709, "energy": 66.769773, "activity_lines": [ 10.234667, 9.886436, 9.708189, 9.681557 ] }, { "date": "2026-04-10", "close": 9.33, "volume": 6458263, "typical_volume": 1280845.55, "trend": 9.707817, "fair_value": 12.009531, "relative_strength": -15.197292, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.484005, "energy": 38.735598, "activity_lines": [ 9.982, 9.8301, 9.678045, 9.654462 ] }, { "date": "2026-04-17", "close": 9.07, "volume": 2079253, "typical_volume": 1372875.1, "trend": 9.66465, "fair_value": 11.98559, "relative_strength": -20.220216, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -18.527404, "energy": 9.550781, "activity_lines": [ 9.652, 9.724855, 9.623926, 9.613312 ] }, { "date": "2026-04-24", "close": 9.46, "volume": 2204757, "typical_volume": 1471326.4, "trend": 9.631483, "fair_value": 11.957449, "relative_strength": -16.377145, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.014797, "energy": 20.307095, "activity_lines": [ 9.498, 9.692336, 9.610236, 9.600109 ] }, { "date": "2026-05-01", "close": 10.05, "volume": 5562275, "typical_volume": 1738978.65, "trend": 9.615997, "fair_value": 11.932578, "relative_strength": -11.312636, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.073921, "energy": 21.457645, "activity_lines": [ 9.606667, 9.759273, 9.65327, 9.62711 ] }, { "date": "2026-05-08", "close": 9.86, "volume": 4889158, "typical_volume": 1974225.85, "trend": 9.602177, "fair_value": 11.906808, "relative_strength": -14.202789, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.808171, "energy": 18.253978, "activity_lines": [ 9.69, 9.776727, 9.67678, 9.642852 ] }, { "date": "2026-05-15", "close": 9.98, "volume": 2459560, "typical_volume": 2081749.55, "trend": 9.605343, "fair_value": 11.883219, "relative_strength": -12.674064, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.566668, "energy": 29.75512, "activity_lines": [ 9.832, 9.805636, 9.710599, 9.667228 ] }, { "date": "2026-05-22", "close": 9.9, "volume": 2290881, "typical_volume": 2187482.75, "trend": 9.617677, "fair_value": 11.85918, "relative_strength": -13.397025, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.517408, "energy": 31.542016, "activity_lines": [ 9.904, 9.810727, 9.736183, 9.686238 ] }, { "date": "2026-05-29", "close": 9.56, "volume": 2175629, "typical_volume": 2290646.4, "trend": 9.626343, "fair_value": 11.834116, "relative_strength": -16.857737, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.460069, "energy": 19.646348, "activity_lines": [ 9.807333, 9.751455, 9.727862, 9.682517 ] }, { "date": "2026-06-05", "close": 9.64, "volume": 1537267, "typical_volume": 2355567.95, "trend": 9.64301, "fair_value": 11.807834, "relative_strength": -13.379694, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.579412, "energy": 11.646538, "activity_lines": [ 9.730667, 9.722909, 9.727702, 9.683398 ] }, { "date": "2026-06-12", "close": 9.39, "volume": 1313663, "typical_volume": 2414445.75, "trend": 9.63901, "fair_value": 11.777513, "relative_strength": -15.470807, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.560987, "energy": 12.903429, "activity_lines": [ 9.598, 9.666727, 9.703924, 9.667075 ] }, { "date": "2026-06-19", "close": 9.35, "volume": 852728, "typical_volume": 2444621.25, "trend": 9.634163, "fair_value": 11.750526, "relative_strength": -15.94095, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.78646, "energy": 22.219211, "activity_lines": [ 9.483333, 9.616909, 9.677074, 9.648429 ] }, { "date": "2026-06-26", "close": 9.62, "volume": 1580259, "typical_volume": 2501925.15, "trend": 9.629497, "fair_value": 11.730398, "relative_strength": -10.814383, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.178695, "energy": 21.56472, "activity_lines": [ 9.500667, 9.615818, 9.675414, 9.647515 ] }, { "date": "2026-07-03", "close": 9.77, "volume": 1190387, "typical_volume": 2540574.75, "trend": 9.636097, "fair_value": 11.710142, "relative_strength": -10.799257, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.38424, "energy": 13.749881, "activity_lines": [ 9.586667, 9.632, 9.685898, 9.65658 ] }, { "date": "2026-07-10", "close": 9.81, "volume": 831482, "typical_volume": 2555298.2, "trend": 9.638097, "fair_value": 11.687257, "relative_strength": -11.071165, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.797822, "energy": 13.080528, "activity_lines": [ 9.672, 9.649818, 9.696667, 9.667799 ] }, { "date": "2026-07-17", "close": 9.74, "volume": 1164547, "typical_volume": 2573182.5, "trend": 9.641933, "fair_value": 11.662001, "relative_strength": -9.74345, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.537887, "energy": 18.902901, "activity_lines": [ 9.722667, 9.659273, 9.698, 9.674374 ] }, { "date": "2026-07-24", "close": 9.705, "volume": 593740, "typical_volume": 2560531.25, "trend": 9.63708, "fair_value": 11.639084, "relative_strength": -9.041192, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.507535, "energy": 19.923934, "activity_lines": [ 9.738333, 9.664545, 9.693857, 9.678443 ] }, { "date": "2026-07-31", "close": 9.62, "volume": 772406, "typical_volume": 2497950.4, "trend": 9.638413, "fair_value": 11.616584, "relative_strength": -10.249583, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.657146, "energy": 14.564189, "activity_lines": [ 9.702, 9.659364, 9.6805, 9.677341 ] }, { "date": "2026-08-07", "close": 10.65, "volume": 2213288, "typical_volume": 2487809.75, "trend": 9.67095, "fair_value": 11.597994, "relative_strength": -3.553113, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.876391, "energy": 63.777865, "activity_lines": [ 10.009, 9.846545, 9.765905, 9.742604 ] } ], "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." } } }