{ "ticker": { "uuid": "b416276b-dc6e-4414-8082-501618db60d5", "symbol": "FBTC", "name": "Fidelity Physical Bitcoin ETP", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -42.495, "architecture_energy": 31.241, "architecture_maturity": 70.208, "architecture_confidence": 84.412, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.37, "rotation_up": 26.98, "upward_expansion": 16.64, "deceleration": 46.54, "rotation_down": 30.8, "downward_expansion": 61.97 }, "activity_lines": [ 5.045133, 4.985691, 5.185081, 5.284348 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 5.095, "trend_reference": 5.480867, "distance_from_trend": -0.070402, "trend_direction": "Weakening", "fair_value": 6.175192, "distance_from_fair_value": -0.174924, "fair_value_direction": "Weakening", "relative_strength": -30.959088, "relative_strength_direction": "Weakening", "price_momentum": -0.03394, "excess_performance": -0.116823, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.070402, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.117266, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.174924, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.193046, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.309591, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.084046, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.03394, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.33483, "read": "Supply-led" } ], "volume": { "latest": 1222, "relative_activity": 0.250891, "balance": 0.33483, "dry_up": 0.156909, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.052102, "annualized_volatility": 0.380598, "from_high_reference": -0.475661, "from_low_reference": 0.097351 }, "levels": { "trend_reference": 5.480867, "fair_value_reference": 6.175192, "structural_low": 4.643, "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": 10, "median_return": 0.029831, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.021415, "regime_survival": 0.8, "best_return": 0.123882, "worst_return": -0.259318, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.114458, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.148112, "regime_survival": 0.333333, "best_return": 0.749769, "worst_return": -0.316122, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.143182, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.09274, "regime_survival": 0.0, "best_return": 0.524211, "worst_return": -0.237847, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.757788, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.77781, "regime_survival": 0.0, "best_return": 0.757788, "worst_return": 0.757788, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-10-11", "tenure": "Developing", "return": 0.069394, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": -0.004498, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": 0.269933, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-02-21", "tenure": "Established", "return": 0.006273, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": -0.004182, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.246311, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": -0.07276, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": 0.095541, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": -0.058273, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-11-07", "tenure": "Developing", "return": -0.103269, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.114963, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-05-08", "tenure": "Established", "return": -0.167262, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": -0.085517, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.085891, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2.278, "volume": 0, "typical_volume": 16239.4, "trend": 2.412733, "fair_value": 2.455193, "relative_strength": 8.160639, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": -4.173263, "energy": 18.118365, "activity_lines": [ 2.4511, 2.521036, 2.509919, 2.484358 ] }, { "date": "2023-08-25", "close": 2.2705, "volume": 50, "typical_volume": 16241.9, "trend": 2.4181, "fair_value": 2.452913, "relative_strength": 6.393031, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -36.643399, "energy": 37.818356, "activity_lines": [ 2.379133, 2.471555, 2.486933, 2.475182 ] }, { "date": "2023-09-01", "close": 2.272, "volume": 200, "typical_volume": 16051.9, "trend": 2.4215, "fair_value": 2.450707, "relative_strength": 5.086, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.816147, "energy": 60.878224, "activity_lines": [ 2.326567, 2.422164, 2.465305, 2.465756 ] }, { "date": "2023-09-08", "close": 2.3105, "volume": 11000, "typical_volume": 15745.4, "trend": 2.43223, "fair_value": 2.449017, "relative_strength": 7.840572, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.190934, "energy": 63.283944, "activity_lines": [ 2.3038, 2.388191, 2.449381, 2.458595 ] }, { "date": "2023-09-15", "close": 2.334, "volume": 81941, "typical_volume": 16219.8, "trend": 2.436297, "fair_value": 2.447648, "relative_strength": 6.199555, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.681681, "energy": 62.86249, "activity_lines": [ 2.303133, 2.364855, 2.436562, 2.452257 ] }, { "date": "2023-09-22", "close": 2.3915, "volume": 151904, "typical_volume": 22858.8, "trend": 2.44383, "fair_value": 2.446988, "relative_strength": 10.238616, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.065562, "energy": 57.799051, "activity_lines": [ 2.335967, 2.358155, 2.430367, 2.449367 ] }, { "date": "2023-09-29", "close": 2.4315, "volume": 58222, "typical_volume": 25769.9, "trend": 2.455447, "fair_value": 2.446808, "relative_strength": 12.25491, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -43.577837, "energy": 30.056201, "activity_lines": [ 2.374567, 2.363691, 2.428933, 2.448572 ] }, { "date": "2023-10-06", "close": 2.488, "volume": 158382, "typical_volume": 27941.75, "trend": 2.476633, "fair_value": 2.447281, "relative_strength": 15.727118, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -21.038143, "energy": 21.497669, "activity_lines": [ 2.421267, 2.381727, 2.432464, 2.450672 ] }, { "date": "2023-10-13", "close": 2.3935, "volume": 104304, "typical_volume": 29680.6, "trend": 2.475183, "fair_value": 2.44667, "relative_strength": 10.343155, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.25469, "energy": 24.964022, "activity_lines": [ 2.422067, 2.383282, 2.426617, 2.445309 ] }, { "date": "2023-10-20", "close": 2.612, "volume": 353206, "typical_volume": 46235.45, "trend": 2.477317, "fair_value": 2.448528, "relative_strength": 25.987129, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.308982, "energy": 29.599551, "activity_lines": [ 2.490167, 2.426945, 2.441445, 2.454135 ] }, { "date": "2023-10-27", "close": 3.024, "volume": 30847, "typical_volume": 47776.55, "trend": 2.49215, "fair_value": 2.454922, "relative_strength": 44.756271, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 64.370625, "energy": 71.652453, "activity_lines": [ 2.677067, 2.544373, 2.494631, 2.489405 ] }, { "date": "2023-11-03", "close": 3.08, "volume": 0, "typical_volume": 47776.55, "trend": 2.510633, "fair_value": 2.461791, "relative_strength": 42.51948, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 93.312351, "energy": 96.743962, "activity_lines": [ 2.840467, 2.658418, 2.550088, 2.527331 ] }, { "date": "2023-11-10", "close": 3.259, "volume": 20702, "typical_volume": 48811.65, "trend": 2.529267, "fair_value": 2.470456, "relative_strength": 48.800819, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.82678, "energy": 98.021918, "activity_lines": [ 3.0203, 2.790291, 2.61869, 2.575613 ] }, { "date": "2023-11-17", "close": 3.1585, "volume": 1116, "typical_volume": 48867.45, "trend": 2.551467, "fair_value": 2.477854, "relative_strength": 39.80057, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.427598, "energy": 91.696052, "activity_lines": [ 3.115233, 2.885945, 2.675226, 2.616209 ] }, { "date": "2023-11-24", "close": 3.311, "volume": 0, "typical_volume": 48593.75, "trend": 2.576, "fair_value": 2.486718, "relative_strength": 42.476755, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.542876, "energy": 94.819185, "activity_lines": [ 3.21, 2.993909, 2.743914, 2.665211 ] }, { "date": "2023-12-01", "close": 3.318, "volume": 8930, "typical_volume": 49040.25, "trend": 2.600217, "fair_value": 2.495468, "relative_strength": 40.605414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.377338, "energy": 92.524908, "activity_lines": [ 3.2605, 3.085382, 2.810236, 2.713082 ] }, { "date": "2023-12-08", "close": 3.8085, "volume": 2000, "typical_volume": 49140.25, "trend": 2.649033, "fair_value": 2.509145, "relative_strength": 55.928515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.600719, "energy": 96.450528, "activity_lines": [ 3.4549, 3.249191, 2.92016, 2.791035 ] }, { "date": "2023-12-15", "close": 3.593, "volume": 0, "typical_volume": 49140.25, "trend": 2.688517, "fair_value": 2.520319, "relative_strength": 43.333662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.877926, "energy": 71.79761, "activity_lines": [ 3.5289, 3.348782, 3.003586, 2.851937 ] }, { "date": "2023-12-22", "close": 3.6975, "volume": 0, "typical_volume": 49140.2, "trend": 2.732917, "fair_value": 2.532331, "relative_strength": 45.673051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.629029, "energy": 72.358288, "activity_lines": [ 3.615467, 3.447282, 3.091886, 2.917032 ] }, { "date": "2023-12-29", "close": 3.5285, "volume": 0, "typical_volume": 49140.2, "trend": 2.769633, "fair_value": 2.542393, "relative_strength": 37.177608, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.232949, "energy": 68.084258, "activity_lines": [ 3.609767, 3.491345, 3.158505, 2.96836 ] }, { "date": "2024-01-05", "close": 3.6335, "volume": 99572, "typical_volume": 54118.8, "trend": 2.811383, "fair_value": 2.553305, "relative_strength": 38.517126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.399446, "energy": 66.406988, "activity_lines": [ 3.624567, 3.537836, 3.23046, 3.024094 ] }, { "date": "2024-01-12", "close": 3.8445, "volume": 58049, "typical_volume": 57018.75, "trend": 2.864183, "fair_value": 2.566089, "relative_strength": 43.832996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.601286, "energy": 69.929534, "activity_lines": [ 3.688667, 3.611609, 3.316055, 3.090746 ] }, { "date": "2024-01-19", "close": 3.48, "volume": 72542, "typical_volume": 60635.85, "trend": 2.889017, "fair_value": 2.575049, "relative_strength": 29.616208, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.981453, "energy": 57.367849, "activity_lines": [ 3.628867, 3.605209, 3.35944, 3.130476 ] }, { "date": "2024-01-26", "close": 3.457, "volume": 19549, "typical_volume": 61063.3, "trend": 2.915567, "fair_value": 2.583611, "relative_strength": 24.880347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.330429, "energy": 49.876695, "activity_lines": [ 3.568933, 3.590609, 3.394883, 3.16712 ] }, { "date": "2024-02-02", "close": 3.688, "volume": 61306, "typical_volume": 60031.55, "trend": 2.949367, "fair_value": 2.59423, "relative_strength": 33.561236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.035284, "energy": 48.989066, "activity_lines": [ 3.602033, 3.612582, 3.446867, 3.216955 ] }, { "date": "2024-02-09", "close": 4.073, "volume": 59489, "typical_volume": 55410.8, "trend": 2.996317, "fair_value": 2.608314, "relative_strength": 47.299511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.968476, "energy": 61.254235, "activity_lines": [ 3.752833, 3.6977, 3.529069, 3.289447 ] }, { "date": "2024-02-16", "close": 4.4965, "volume": 122754, "typical_volume": 58637.4, "trend": 3.061067, "fair_value": 2.626127, "relative_strength": 57.031088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.929335, "energy": 83.122733, "activity_lines": [ 4.0155, 3.846091, 3.643598, 3.386233 ] }, { "date": "2024-02-23", "close": 4.433, "volume": 146775, "typical_volume": 58057.05, "trend": 3.124617, "fair_value": 2.643014, "relative_strength": 50.118278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.695318, "energy": 91.805192, "activity_lines": [ 4.213533, 3.970427, 3.742245, 3.474745 ] }, { "date": "2024-03-01", "close": 5.381, "volume": 18999, "typical_volume": 53791.8, "trend": 3.219833, "fair_value": 2.668365, "relative_strength": 78.497334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.337769, "energy": 98.095033, "activity_lines": [ 4.664033, 4.251855, 3.921917, 3.620318 ] }, { "date": "2024-03-08", "close": 5.834, "volume": 82210, "typical_volume": 40242.0, "trend": 3.329333, "fair_value": 2.697408, "relative_strength": 86.482234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.72962, "energy": 99.069991, "activity_lines": [ 5.137267, 4.585036, 4.130505, 3.788974 ] }, { "date": "2024-03-15", "close": 5.96, "volume": 41020, "typical_volume": 40750.65, "trend": 3.452067, "fair_value": 2.727068, "relative_strength": 86.291156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.488778, "energy": 97.255612, "activity_lines": [ 5.509433, 4.899209, 4.33575, 3.958695 ] }, { "date": "2024-03-22", "close": 5.879, "volume": 14238, "typical_volume": 41462.55, "trend": 3.57235, "fair_value": 2.755464, "relative_strength": 80.778509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.833107, "energy": 92.378623, "activity_lines": [ 5.7288, 5.156355, 4.5193, 4.115271 ] }, { "date": "2024-03-29", "close": 6.318, "volume": 17008, "typical_volume": 41277.85, "trend": 3.707217, "fair_value": 2.787272, "relative_strength": 88.988837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.076219, "energy": 94.383458, "activity_lines": [ 6.002333, 5.456327, 4.731331, 4.29241 ] }, { "date": "2024-04-05", "close": 5.979, "volume": 7697, "typical_volume": 41606.9, "trend": 3.8295, "fair_value": 2.815517, "relative_strength": 78.934352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.398361, "energy": 68.443718, "activity_lines": [ 6.0372, 5.643064, 4.89651, 4.438976 ] }, { "date": "2024-04-12", "close": 6.27, "volume": 17189, "typical_volume": 42466.35, "trend": 3.9607, "fair_value": 2.84582, "relative_strength": 85.714152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.655227, "energy": 70.55825, "activity_lines": [ 6.1292, 5.836855, 5.075971, 4.596428 ] }, { "date": "2024-04-19", "close": 5.787, "volume": 18713, "typical_volume": 42955.5, "trend": 4.073883, "fair_value": 2.871395, "relative_strength": 69.432448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.006352, "energy": 65.585592, "activity_lines": [ 6.031133, 5.895882, 5.195343, 4.714254 ] }, { "date": "2024-04-26", "close": 5.792, "volume": 64434, "typical_volume": 46077.2, "trend": 4.1859, "fair_value": 2.896573, "relative_strength": 65.851698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.585504, "energy": 60.352162, "activity_lines": [ 5.946267, 5.924655, 5.303433, 4.8251 ] }, { "date": "2024-05-03", "close": 5.48, "volume": 20976, "typical_volume": 47126.0, "trend": 4.285633, "fair_value": 2.918653, "relative_strength": 55.369882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.582691, "energy": 45.620552, "activity_lines": [ 5.7632, 5.873145, 5.372364, 4.90859 ] }, { "date": "2024-05-10", "close": 5.473, "volume": 2275, "typical_volume": 47239.75, "trend": 4.388283, "fair_value": 2.9403, "relative_strength": 46.457507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.854917, "energy": 31.849135, "activity_lines": [ 5.633667, 5.801327, 5.431643, 4.985195 ] }, { "date": "2024-05-17", "close": 5.895, "volume": 28757, "typical_volume": 48677.6, "trend": 4.497717, "fair_value": 2.96513, "relative_strength": 51.445652, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.05402, "energy": 32.753569, "activity_lines": [ 5.678533, 5.804564, 5.522657, 5.082402 ] }, { "date": "2024-05-24", "close": 6.018, "volume": 20629, "typical_volume": 44730.45, "trend": 4.597517, "fair_value": 2.99057, "relative_strength": 53.271036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.502068, "energy": 34.565343, "activity_lines": [ 5.7894, 5.829055, 5.614117, 5.180485 ] }, { "date": "2024-05-31", "close": 6.0, "volume": 8163, "typical_volume": 42236.15, "trend": 4.69485, "fair_value": 3.015442, "relative_strength": 49.418236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.732352, "energy": 45.000083, "activity_lines": [ 5.878867, 5.849218, 5.692507, 5.270968 ] }, { "date": "2024-06-07", "close": 6.232, "volume": 44792, "typical_volume": 40848.65, "trend": 4.79395, "fair_value": 3.041807, "relative_strength": 49.429861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.039228, "energy": 54.673904, "activity_lines": [ 6.0318, 5.909364, 5.782729, 5.370139 ] }, { "date": "2024-06-14", "close": 5.88, "volume": 13036, "typical_volume": 40523.0, "trend": 4.884667, "fair_value": 3.064882, "relative_strength": 41.139662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.630886, "energy": 48.74996, "activity_lines": [ 6.017267, 5.907073, 5.826321, 5.440206 ] }, { "date": "2024-06-21", "close": 5.609, "volume": 33386, "typical_volume": 39127.0, "trend": 4.961267, "fair_value": 3.085399, "relative_strength": 33.335764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.666977, "energy": 38.543553, "activity_lines": [ 5.885267, 5.857309, 5.832567, 5.486938 ] }, { "date": "2024-06-28", "close": 5.382, "volume": 12362, "typical_volume": 36770.65, "trend": 5.030067, "fair_value": 3.103772, "relative_strength": 26.661937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.152263, "energy": 14.582438, "activity_lines": [ 5.696667, 5.778291, 5.808045, 5.514082 ] }, { "date": "2024-07-05", "close": 4.934, "volume": 52952, "typical_volume": 33280.55, "trend": 5.067583, "fair_value": 3.118297, "relative_strength": 14.969329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.546617, "energy": 25.574128, "activity_lines": [ 5.401133, 5.625182, 5.734624, 5.507884 ] }, { "date": "2024-07-12", "close": 5.052, "volume": 8924, "typical_volume": 26388.0, "trend": 5.116217, "fair_value": 3.133523, "relative_strength": 13.272446, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.109312, "energy": 33.144505, "activity_lines": [ 5.216, 5.509127, 5.670357, 5.506878 ] }, { "date": "2024-07-19", "close": 5.755, "volume": 9041, "typical_volume": 25890.1, "trend": 5.1848, "fair_value": 3.154004, "relative_strength": 29.377941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.702001, "energy": 25.180966, "activity_lines": [ 5.343867, 5.528673, 5.670095, 5.54809 ] }, { "date": "2024-07-26", "close": 5.875, "volume": 7814, "typical_volume": 22170.3, "trend": 5.263017, "fair_value": 3.175097, "relative_strength": 29.59076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.018484, "energy": 18.75979, "activity_lines": [ 5.520067, 5.564909, 5.679481, 5.592619 ] }, { "date": "2024-08-02", "close": 5.299, "volume": 8642, "typical_volume": 20551.4, "trend": 5.318533, "fair_value": 3.191434, "relative_strength": 19.134183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.211853, "energy": 4.715407, "activity_lines": [ 5.486533, 5.496782, 5.633814, 5.594941 ] }, { "date": "2024-08-09", "close": 5.14, "volume": 23796, "typical_volume": 21029.3, "trend": 5.361717, "fair_value": 3.206309, "relative_strength": 14.458986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.668911, "energy": 9.172539, "activity_lines": [ 5.405533, 5.412818, 5.576152, 5.583423 ] }, { "date": "2024-08-16", "close": 5.002, "volume": 4193, "typical_volume": 20388.55, "trend": 5.41245, "fair_value": 3.219912, "relative_strength": 7.343985, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.304566, "energy": 26.352003, "activity_lines": [ 5.2648, 5.3194, 5.508867, 5.560215 ] }, { "date": "2024-08-23", "close": 5.135, "volume": 16910, "typical_volume": 20849.2, "trend": 5.468383, "fair_value": 3.234312, "relative_strength": 7.651678, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.704411, "energy": 49.032113, "activity_lines": [ 5.171733, 5.272527, 5.460514, 5.542315 ] }, { "date": "2024-08-30", "close": 4.8635, "volume": 27495, "typical_volume": 21364.5, "trend": 5.507567, "fair_value": 3.24647, "relative_strength": 0.300857, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.791137, "energy": 68.211496, "activity_lines": [ 5.0295, 5.189836, 5.390324, 5.50329 ] }, { "date": "2024-09-06", "close": 4.5995, "volume": 20300, "typical_volume": 21443.85, "trend": 5.525117, "fair_value": 3.256492, "relative_strength": -1.783836, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.084722, "energy": 76.304195, "activity_lines": [ 4.8667, 5.0727, 5.301688, 5.444705 ] }, { "date": "2024-09-13", "close": 4.845, "volume": 200, "typical_volume": 18232.15, "trend": 5.536733, "fair_value": 3.268172, "relative_strength": 1.387253, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.473965, "energy": 68.243424, "activity_lines": [ 4.832367, 5.014427, 5.242088, 5.400827 ] }, { "date": "2024-09-20", "close": 5.292, "volume": 51692, "typical_volume": 19767.95, "trend": 5.565367, "fair_value": 3.282945, "relative_strength": 10.487684, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.354135, "energy": 42.738717, "activity_lines": [ 4.9667, 5.039045, 5.229569, 5.385038 ] }, { "date": "2024-09-27", "close": 5.466, "volume": 100, "typical_volume": 19659.2, "trend": 5.5682, "fair_value": 3.298764, "relative_strength": 10.134864, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.199764, "energy": 22.236232, "activity_lines": [ 5.1397, 5.090936, 5.234517, 5.378627 ] }, { "date": "2024-10-04", "close": 5.17, "volume": 30030, "typical_volume": 19722.85, "trend": 5.546067, "fair_value": 3.312226, "relative_strength": 5.223822, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.640614, "energy": 19.987595, "activity_lines": [ 5.191967, 5.094264, 5.211307, 5.352937 ] }, { "date": "2024-10-11", "close": 5.201, "volume": 3331, "typical_volume": 18857.95, "trend": 5.520767, "fair_value": 3.325718, "relative_strength": 3.474251, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.43502, "energy": 21.099255, "activity_lines": [ 5.234133, 5.116045, 5.194502, 5.330674 ] }, { "date": "2024-10-18", "close": 5.78, "volume": 28203, "typical_volume": 19859.95, "trend": 5.517467, "fair_value": 3.343124, "relative_strength": 12.253527, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.206168, "energy": 18.921336, "activity_lines": [ 5.4292, 5.244882, 5.236731, 5.347399 ] }, { "date": "2024-10-25", "close": 5.754, "volume": 3797, "typical_volume": 17810.2, "trend": 5.498667, "fair_value": 3.360102, "relative_strength": 12.132116, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.360065, "energy": 30.060518, "activity_lines": [ 5.553267, 5.357355, 5.277531, 5.362659 ] }, { "date": "2024-11-01", "close": 6.083, "volume": 68923, "typical_volume": 20604.55, "trend": 5.502133, "fair_value": 3.379143, "relative_strength": 19.506006, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.553831, "energy": 58.055854, "activity_lines": [ 5.7562, 5.515973, 5.35194, 5.400358 ] }, { "date": "2024-11-08", "close": 6.559, "volume": 19795, "typical_volume": 19925.0, "trend": 5.511767, "fair_value": 3.401225, "relative_strength": 29.263821, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.376573, "energy": 79.85095, "activity_lines": [ 6.076667, 5.7439, 5.470717, 5.468543 ] }, { "date": "2024-11-15", "close": 7.725, "volume": 59196, "typical_volume": 22266.7, "trend": 5.576367, "fair_value": 3.431044, "relative_strength": 51.962372, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.576862, "energy": 97.872239, "activity_lines": [ 6.6932, 6.153, 5.696017, 5.611332 ] }, { "date": "2024-11-22", "close": 8.608, "volume": 50053, "typical_volume": 22121.75, "trend": 5.670233, "fair_value": 3.466503, "relative_strength": 64.917634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.495702, "energy": 99.222312, "activity_lines": [ 7.4358, 6.665818, 5.994255, 5.806922 ] }, { "date": "2024-11-29", "close": 8.51, "volume": 23900, "typical_volume": 22870.55, "trend": 5.771233, "fair_value": 3.500813, "relative_strength": 59.496735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.98758, "energy": 96.748218, "activity_lines": [ 7.9572, 7.0924, 6.265664, 5.990132 ] }, { "date": "2024-12-06", "close": 8.559, "volume": 23290, "typical_volume": 23583.0, "trend": 5.8741, "fair_value": 3.53499, "relative_strength": 57.634188, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.64341, "energy": 93.144236, "activity_lines": [ 8.3112, 7.469382, 6.525274, 6.169988 ] }, { "date": "2024-12-13", "close": 8.869, "volume": 6179, "typical_volume": 23501.25, "trend": 5.973233, "fair_value": 3.570788, "relative_strength": 61.598902, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.06842, "energy": 93.215034, "activity_lines": [ 8.603467, 7.846491, 6.801055, 6.363208 ] }, { "date": "2024-12-20", "close": 8.282, "volume": 13658, "typical_volume": 23752.05, "trend": 6.0487, "fair_value": 3.602196, "relative_strength": 52.531162, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.296677, "energy": 73.609867, "activity_lines": [ 8.546067, 8.049618, 7.006674, 6.51216 ] }, { "date": "2024-12-27", "close": 8.45, "volume": 3412, "typical_volume": 22732.85, "trend": 6.130367, "fair_value": 3.634301, "relative_strength": 50.380072, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.420303, "energy": 66.478295, "activity_lines": [ 8.507533, 8.227273, 7.214088, 6.667083 ] }, { "date": "2025-01-03", "close": 8.636, "volume": 21812, "typical_volume": 23613.8, "trend": 6.2105, "fair_value": 3.667207, "relative_strength": 50.731969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.440977, "energy": 66.120767, "activity_lines": [ 8.541533, 8.3902, 7.423455, 6.828737 ] }, { "date": "2025-01-10", "close": 8.42, "volume": 84254, "typical_volume": 26981.0, "trend": 6.295167, "fair_value": 3.698271, "relative_strength": 42.799163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.312638, "energy": 59.619517, "activity_lines": [ 8.495133, 8.461455, 7.594945, 6.971285 ] }, { "date": "2025-01-17", "close": 9.153, "volume": 25701, "typical_volume": 26891.3, "trend": 6.4133, "fair_value": 3.733691, "relative_strength": 50.058127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.457271, "energy": 65.92426, "activity_lines": [ 8.702333, 8.623491, 7.820602, 7.155661 ] }, { "date": "2025-01-24", "close": 9.36, "volume": 85705, "typical_volume": 30161.55, "trend": 6.5459, "fair_value": 3.76999, "relative_strength": 47.192651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.794944, "energy": 66.152411, "activity_lines": [ 8.9596, 8.776, 8.045548, 7.345771 ] }, { "date": "2025-01-31", "close": 9.333, "volume": 62207, "typical_volume": 33261.9, "trend": 6.692533, "fair_value": 3.80565, "relative_strength": 40.995916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.868, "energy": 64.254975, "activity_lines": [ 9.136, 8.893873, 8.245252, 7.525584 ] }, { "date": "2025-02-07", "close": 8.746, "volume": 17718, "typical_volume": 31563.2, "trend": 6.815667, "fair_value": 3.837136, "relative_strength": 30.602998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.72294, "energy": 58.634999, "activity_lines": [ 9.057867, 8.891836, 8.367681, 7.658066 ] }, { "date": "2025-02-14", "close": 8.514, "volume": 5645, "typical_volume": 31840.45, "trend": 6.907633, "fair_value": 3.869184, "relative_strength": 23.511353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.662032, "energy": 53.271538, "activity_lines": [ 8.895067, 8.843327, 8.451567, 7.767635 ] }, { "date": "2025-02-21", "close": 8.662, "volume": 3090, "typical_volume": 30493.45, "trend": 7.000533, "fair_value": 3.902222, "relative_strength": 23.351165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.223367, "energy": 41.762396, "activity_lines": [ 8.775333, 8.822545, 8.535033, 7.88082 ] }, { "date": "2025-02-28", "close": 7.413, "volume": 17580, "typical_volume": 31205.9, "trend": 7.071, "fair_value": 3.925844, "relative_strength": 4.732824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.948962, "energy": 20.560431, "activity_lines": [ 8.272, 8.578436, 8.482919, 7.907431 ] }, { "date": "2025-03-07", "close": 7.632, "volume": 21449, "typical_volume": 30868.2, "trend": 7.154067, "fair_value": 3.951911, "relative_strength": 6.919011, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.354741, "energy": 19.153157, "activity_lines": [ 7.971467, 8.389945, 8.441129, 7.943625 ] }, { "date": "2025-03-14", "close": 7.34, "volume": 8701, "typical_volume": 31113.4, "trend": 7.232, "fair_value": 3.975276, "relative_strength": 3.88941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.894259, "energy": 28.546668, "activity_lines": [ 7.687, 8.163236, 8.36271, 7.95562 ] }, { "date": "2025-03-21", "close": 7.301, "volume": 5267, "typical_volume": 27930.6, "trend": 7.3042, "fair_value": 3.995631, "relative_strength": 1.891207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.060654, "energy": 35.503039, "activity_lines": [ 7.483267, 7.953, 8.273024, 7.960072 ] }, { "date": "2025-03-28", "close": 7.382, "volume": 9502, "typical_volume": 27415.95, "trend": 7.38815, "fair_value": 4.015458, "relative_strength": 4.773371, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.091732, "energy": 46.732845, "activity_lines": [ 7.3874, 7.777836, 8.185252, 7.965091 ] }, { "date": "2025-04-04", "close": 6.845, "volume": 1674, "typical_volume": 24539.85, "trend": 7.463, "fair_value": 4.033173, "relative_strength": 6.836892, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.735728, "energy": 60.367586, "activity_lines": [ 7.197867, 7.537236, 8.042419, 7.930049 ] }, { "date": "2025-04-11", "close": 6.578, "volume": 18792, "typical_volume": 22976.8, "trend": 7.520767, "fair_value": 4.050994, "relative_strength": 6.278253, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.219669, "energy": 62.263925, "activity_lines": [ 6.9572, 7.293818, 7.878348, 7.872953 ] }, { "date": "2025-04-18", "close": 6.799, "volume": 5129, "typical_volume": 22038.25, "trend": 7.571, "fair_value": 4.070196, "relative_strength": 5.62069, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.178296, "energy": 63.208008, "activity_lines": [ 6.860467, 7.140673, 7.74499, 7.826387 ] }, { "date": "2025-04-25", "close": 7.704, "volume": 17612, "typical_volume": 21754.35, "trend": 7.6456, "fair_value": 4.09526, "relative_strength": 16.317416, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.388648, "energy": 38.746297, "activity_lines": [ 7.101467, 7.187473, 7.705971, 7.834968 ] }, { "date": "2025-05-02", "close": 7.824, "volume": 14094, "typical_volume": 22150.1, "trend": 7.734067, "fair_value": 4.122638, "relative_strength": 14.518907, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.452882, "energy": 22.668057, "activity_lines": [ 7.3556, 7.270818, 7.682452, 7.846477 ] }, { "date": "2025-05-09", "close": 8.363, "volume": 7010, "typical_volume": 21817.7, "trend": 7.839467, "fair_value": 4.156808, "relative_strength": 23.133154, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 14.054084, "energy": 21.421099, "activity_lines": [ 7.759933, 7.4674, 7.715243, 7.887054 ] }, { "date": "2025-05-16", "close": 8.531, "volume": 0, "typical_volume": 21647.1, "trend": 7.931167, "fair_value": 4.193247, "relative_strength": 22.239019, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 26.35724, "energy": 35.087024, "activity_lines": [ 8.119067, 7.677255, 7.763648, 7.931669 ] }, { "date": "2025-05-23", "close": 9.016, "volume": 13228, "typical_volume": 21217.9, "trend": 8.0399, "fair_value": 4.233401, "relative_strength": 29.599032, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.476258, "energy": 44.135031, "activity_lines": [ 8.509667, 7.958945, 7.857857, 8.001658 ] }, { "date": "2025-05-30", "close": 8.522, "volume": 1221, "typical_volume": 17066.25, "trend": 8.1212, "fair_value": 4.269846, "relative_strength": 21.407123, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.081213, "energy": 54.16461, "activity_lines": [ 8.5878, 8.120345, 7.90321, 8.032761 ] }, { "date": "2025-06-06", "close": 8.5, "volume": 6897, "typical_volume": 16126.05, "trend": 8.1859, "fair_value": 4.305728, "relative_strength": 19.018741, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.809147, "energy": 60.462452, "activity_lines": [ 8.604067, 8.255545, 7.945981, 8.0572 ] }, { "date": "2025-06-13", "close": 8.335, "volume": 6642, "typical_volume": 12172.9, "trend": 8.206233, "fair_value": 4.346151, "relative_strength": 18.045277, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.30343, "energy": 51.920448, "activity_lines": [ 8.520267, 8.340418, 7.976148, 8.066819 ] }, { "date": "2025-06-20", "close": 8.5, "volume": 4183, "typical_volume": 9271.7, "trend": 8.202633, "fair_value": 4.387872, "relative_strength": 22.16108, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.389345, "energy": 28.08612, "activity_lines": [ 8.493333, 8.4282, 8.02691, 8.085772 ] }, { "date": "2025-06-27", "close": 8.36, "volume": 8105, "typical_volume": 8791.05, "trend": 8.197633, "fair_value": 4.42956, "relative_strength": 18.090211, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 7.698433, "energy": 16.960643, "activity_lines": [ 8.4218, 8.455582, 8.068305, 8.095925 ] }, { "date": "2025-07-04", "close": 8.478, "volume": 10859, "typical_volume": 9051.75, "trend": 8.194933, "fair_value": 4.470207, "relative_strength": 18.688885, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.116002, "energy": 18.359917, "activity_lines": [ 8.433333, 8.476036, 8.122776, 8.114013 ] }, { "date": "2025-07-11", "close": 9.218, "volume": 6605, "typical_volume": 9227.5, "trend": 8.206567, "fair_value": 4.51631, "relative_strength": 27.927482, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 53.729565, "energy": 42.181956, "activity_lines": [ 8.694467, 8.616964, 8.247895, 8.180017 ] }, { "date": "2025-07-18", "close": 9.288, "volume": 5625, "typical_volume": 8629.75, "trend": 8.2401, "fair_value": 4.561563, "relative_strength": 27.184476, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.234641, "energy": 73.301097, "activity_lines": [ 8.931067, 8.745273, 8.377033, 8.249787 ] }, { "date": "2025-07-25", "close": 9.078, "volume": 5940, "typical_volume": 7854.3, "trend": 8.261033, "fair_value": 4.605207, "relative_strength": 23.502686, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.392741, "energy": 79.969855, "activity_lines": [ 9.034133, 8.818582, 8.477243, 8.303845 ] }, { "date": "2025-08-01", "close": 9.355, "volume": 2054, "typical_volume": 7521.95, "trend": 8.285, "fair_value": 4.651018, "relative_strength": 27.18935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.046971, "energy": 86.212446, "activity_lines": [ 9.191, 8.932309, 8.596948, 8.374424 ] }, { "date": "2025-08-08", "close": 9.25, "volume": 26364, "typical_volume": 8576.8, "trend": 8.312667, "fair_value": 4.695874, "relative_strength": 24.104817, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.222454, "energy": 84.585985, "activity_lines": [ 9.246533, 9.020782, 8.697057, 8.436682 ] }, { "date": "2025-08-15", "close": 9.304, "volume": 2101, "typical_volume": 8206.75, "trend": 8.3177, "fair_value": 4.742422, "relative_strength": 21.346089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.935678, "energy": 76.727763, "activity_lines": [ 9.2686, 9.105836, 8.793029, 8.500639 ] }, { "date": "2025-08-22", "close": 9.12, "volume": 4930, "typical_volume": 8369.55, "trend": 8.3097, "fair_value": 4.788028, "relative_strength": 15.947881, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.574932, "energy": 58.02462, "activity_lines": [ 9.2236, 9.142818, 8.862324, 8.5524 ] }, { "date": "2025-08-29", "close": 8.549, "volume": 1179, "typical_volume": 7488.9, "trend": 8.283567, "fair_value": 4.830125, "relative_strength": 8.368871, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.687053, "energy": 35.170217, "activity_lines": [ 8.999467, 9.061709, 8.866405, 8.567839 ] }, { "date": "2025-09-05", "close": 8.841, "volume": 3917, "typical_volume": 7428.3, "trend": 8.286733, "fair_value": 4.873772, "relative_strength": 9.345561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.105864, "energy": 24.50643, "activity_lines": [ 8.907933, 9.0328, 8.88891, 8.603802 ] }, { "date": "2025-09-12", "close": 8.976, "volume": 27474, "typical_volume": 7921.4, "trend": 8.302133, "fair_value": 4.919181, "relative_strength": 11.5293, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.322669, "energy": 25.224275, "activity_lines": [ 8.895667, 9.019691, 8.914548, 8.648271 ] }, { "date": "2025-09-19", "close": 9.13, "volume": 2200, "typical_volume": 7326.7, "trend": 8.317733, "fair_value": 4.965912, "relative_strength": 13.207275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.207116, "energy": 25.620604, "activity_lines": [ 8.953, 9.025527, 8.948795, 8.701682 ] }, { "date": "2025-09-26", "close": 8.594, "volume": 5562, "typical_volume": 7254.3, "trend": 8.3571, "fair_value": 5.008516, "relative_strength": 7.319961, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.110667, "energy": 13.694642, "activity_lines": [ 8.843267, 8.935509, 8.925776, 8.719505 ] }, { "date": "2025-10-03", "close": 9.441, "volume": 6942, "typical_volume": 7601.4, "trend": 8.4174, "fair_value": 5.056626, "relative_strength": 11.420648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.844903, "energy": 35.516349, "activity_lines": [ 9.050933, 9.012109, 8.982324, 8.789434 ] }, { "date": "2025-10-10", "close": 9.329, "volume": 3895, "typical_volume": 7134.75, "trend": 8.4837, "fair_value": 5.104042, "relative_strength": 9.334447, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.901481, "energy": 40.364065, "activity_lines": [ 9.1618, 9.061745, 9.023871, 8.848247 ] }, { "date": "2025-10-17", "close": 8.152, "volume": 48986, "typical_volume": 9523.0, "trend": 8.512067, "fair_value": 5.144097, "relative_strength": -6.156144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.63288, "energy": 6.997902, "activity_lines": [ 8.8478, 8.897855, 8.951833, 8.826847 ] }, { "date": "2025-10-24", "close": 8.533, "volume": 5756, "typical_volume": 9465.95, "trend": 8.550433, "fair_value": 5.185799, "relative_strength": -1.742201, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.658482, "energy": 7.423828, "activity_lines": [ 8.715733, 8.8232, 8.917843, 8.828198 ] }, { "date": "2025-10-31", "close": 8.648, "volume": 12411, "typical_volume": 9754.4, "trend": 8.610533, "fair_value": 5.227997, "relative_strength": 1.735818, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.717759, "energy": 15.896281, "activity_lines": [ 8.6618, 8.783473, 8.894648, 8.834492 ] }, { "date": "2025-11-07", "close": 7.928, "volume": 21074, "typical_volume": 10598.95, "trend": 8.655533, "fair_value": 5.268755, "relative_strength": -7.445721, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.184198, "energy": 39.967503, "activity_lines": [ 8.364267, 8.621418, 8.80139, 8.790458 ] }, { "date": "2025-11-14", "close": 7.472, "volume": 12242, "typical_volume": 10805.8, "trend": 8.677967, "fair_value": 5.306573, "relative_strength": -14.917246, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.162506, "energy": 67.715333, "activity_lines": [ 8.0156, 8.387745, 8.667429, 8.714101 ] }, { "date": "2025-11-21", "close": 6.613, "volume": 11068, "typical_volume": 10816.25, "trend": 8.6416, "fair_value": 5.339046, "relative_strength": -24.246205, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.279323, "energy": 89.653209, "activity_lines": [ 7.5044, 8.022782, 8.455886, 8.580877 ] }, { "date": "2025-11-28", "close": 7.282, "volume": 17104, "typical_volume": 11341.2, "trend": 8.623533, "fair_value": 5.375586, "relative_strength": -17.532982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.666755, "energy": 84.102187, "activity_lines": [ 7.3188, 7.822418, 8.316938, 8.493161 ] }, { "date": "2025-12-05", "close": 7.155, "volume": 12791, "typical_volume": 11699.5, "trend": 8.583267, "fair_value": 5.411274, "relative_strength": -19.220667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.800379, "energy": 83.003457, "activity_lines": [ 7.174267, 7.632564, 8.175114, 8.398417 ] }, { "date": "2025-12-12", "close": 6.984, "volume": 9600, "typical_volume": 11882.5, "trend": 8.5317, "fair_value": 5.445996, "relative_strength": -20.368394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.010622, "energy": 80.604516, "activity_lines": [ 7.072267, 7.437782, 8.027162, 8.295239 ] }, { "date": "2025-12-19", "close": 6.953, "volume": 25503, "typical_volume": 13054.95, "trend": 8.462933, "fair_value": 5.480577, "relative_strength": -21.993453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.840679, "energy": 58.72335, "activity_lines": [ 7.022867, 7.282036, 7.886229, 8.193387 ] }, { "date": "2025-12-26", "close": 6.807, "volume": 352, "typical_volume": 11754.35, "trend": 8.405767, "fair_value": 5.514456, "relative_strength": -23.57341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.947139, "energy": 59.589771, "activity_lines": [ 6.9594, 7.142945, 7.742829, 8.086553 ] }, { "date": "2026-01-02", "close": 6.847, "volume": 1265, "typical_volume": 11712.55, "trend": 8.350667, "fair_value": 5.548365, "relative_strength": -22.766297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.395111, "energy": 59.276883, "activity_lines": [ 6.896333, 7.035582, 7.614871, 7.985987 ] }, { "date": "2026-01-09", "close": 7.168, "volume": 64, "typical_volume": 11469.25, "trend": 8.311767, "fair_value": 5.583023, "relative_strength": -19.659015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.154204, "energy": 52.143273, "activity_lines": [ 6.969267, 7.017236, 7.529186, 7.909686 ] }, { "date": "2026-01-16", "close": 7.475, "volume": 1000, "typical_volume": 11460.3, "trend": 8.2776, "fair_value": 5.618481, "relative_strength": -15.663817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.998595, "energy": 41.701749, "activity_lines": [ 7.143667, 7.081618, 7.482033, 7.855701 ] }, { "date": "2026-01-23", "close": 6.895, "volume": 46501, "typical_volume": 13589.5, "trend": 8.228767, "fair_value": 5.649157, "relative_strength": -20.078981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.567189, "energy": 40.553276, "activity_lines": [ 7.092, 7.048782, 7.384757, 7.766501 ] }, { "date": "2026-01-30", "close": 6.285, "volume": 10858, "typical_volume": 12758.7, "trend": 8.155667, "fair_value": 5.675535, "relative_strength": -26.809831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.025583, "energy": 53.153154, "activity_lines": [ 6.840867, 6.915527, 7.238652, 7.641097 ] }, { "date": "2026-02-06", "close": 5.274, "volume": 25994, "typical_volume": 13948.4, "trend": 8.0242, "fair_value": 5.696596, "relative_strength": -39.153629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.805566, "energy": 83.567118, "activity_lines": [ 6.287533, 6.604418, 7.009076, 7.455183 ] }, { "date": "2026-02-13", "close": 5.167, "volume": 41985, "typical_volume": 15769.55, "trend": 7.886833, "fair_value": 5.715538, "relative_strength": -40.62787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.467182, "energy": 95.278004, "activity_lines": [ 5.8034, 6.310364, 6.787671, 7.270847 ] }, { "date": "2026-02-20", "close": 5.107, "volume": 6262, "typical_volume": 15735.55, "trend": 7.754467, "fair_value": 5.734394, "relative_strength": -41.889538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.215506, "energy": 94.279481, "activity_lines": [ 5.432667, 6.041545, 6.576871, 7.091503 ] }, { "date": "2026-02-27", "close": 4.98, "volume": 10903, "typical_volume": 16085.95, "trend": 7.608633, "fair_value": 5.752964, "relative_strength": -43.592223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.562138, "energy": 93.092418, "activity_lines": [ 5.177467, 5.783764, 6.374614, 6.912505 ] }, { "date": "2026-03-06", "close": 5.554, "volume": 34, "typical_volume": 13638.35, "trend": 7.485433, "fair_value": 5.776692, "relative_strength": -32.347601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.449456, "energy": 88.555172, "activity_lines": [ 5.241267, 5.666218, 6.247733, 6.779948 ] }, { "date": "2026-03-13", "close": 5.52, "volume": 6275, "typical_volume": 13664.3, "trend": 7.3593, "fair_value": 5.796455, "relative_strength": -31.127395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.61397, "energy": 78.400835, "activity_lines": [ 5.342467, 5.565273, 6.129986, 6.653146 ] }, { "date": "2026-03-20", "close": 5.389, "volume": 0, "typical_volume": 13043.75, "trend": 7.234933, "fair_value": 5.814667, "relative_strength": -29.671375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.09276, "energy": 63.77189, "activity_lines": [ 5.3836, 5.464636, 6.01411, 6.52603 ] }, { "date": "2026-03-27", "close": 5.224, "volume": 4001, "typical_volume": 12190.1, "trend": 7.1241, "fair_value": 5.831622, "relative_strength": -32.845784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.483328, "energy": 61.906085, "activity_lines": [ 5.354933, 5.366345, 5.898038, 6.396292 ] }, { "date": "2026-04-03", "close": 5.238, "volume": 2111, "typical_volume": 11683.55, "trend": 7.004, "fair_value": 5.84901, "relative_strength": -34.426046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.144228, "energy": 57.228797, "activity_lines": [ 5.323133, 5.311527, 5.796176, 6.274609 ] }, { "date": "2026-04-10", "close": 5.586, "volume": 14242, "typical_volume": 11842.25, "trend": 6.891, "fair_value": 5.86751, "relative_strength": -30.787927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.388528, "energy": 50.430797, "activity_lines": [ 5.390133, 5.350109, 5.738095, 6.183125 ] }, { "date": "2026-04-17", "close": 5.935, "volume": 20665, "typical_volume": 12020.3, "trend": 6.7845, "fair_value": 5.889577, "relative_strength": -27.475721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.566499, "energy": 38.162503, "activity_lines": [ 5.571333, 5.464855, 5.718143, 6.121447 ] }, { "date": "2026-04-24", "close": 5.979, "volume": 13112, "typical_volume": 12036.35, "trend": 6.697333, "fair_value": 5.911397, "relative_strength": -25.060274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.77994, "energy": 25.445888, "activity_lines": [ 5.739533, 5.575582, 5.708795, 6.06948 ] }, { "date": "2026-05-01", "close": 5.84, "volume": 770, "typical_volume": 11594.85, "trend": 6.5773, "fair_value": 5.932221, "relative_strength": -26.161653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.774739, "energy": 28.726541, "activity_lines": [ 5.822067, 5.646273, 5.69181, 6.014168 ] }, { "date": "2026-05-08", "close": 6.064, "volume": 27048, "typical_volume": 11672.1, "trend": 6.468467, "fair_value": 5.956067, "relative_strength": -22.554449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.881683, "energy": 25.168868, "activity_lines": [ 5.9382, 5.744364, 5.701605, 5.981052 ] }, { "date": "2026-05-15", "close": 6.069, "volume": 2572, "typical_volume": 11783.1, "trend": 6.399033, "fair_value": 5.979532, "relative_strength": -22.612448, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.004801, "energy": 23.967982, "activity_lines": [ 6.000933, 5.823655, 5.71611, 5.95528 ] }, { "date": "2026-05-22", "close": 5.929, "volume": 183, "typical_volume": 11729.0, "trend": 6.312233, "fair_value": 6.002375, "relative_strength": -25.255365, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.460007, "energy": 19.641169, "activity_lines": [ 5.9848, 5.868127, 5.720795, 5.924955 ] }, { "date": "2026-05-29", "close": 5.55, "volume": 2901, "typical_volume": 11870.85, "trend": 6.208967, "fair_value": 6.022394, "relative_strength": -29.575047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.78563, "energy": 15.773215, "activity_lines": [ 5.842733, 5.836255, 5.693757, 5.875778 ] }, { "date": "2026-06-05", "close": 4.692, "volume": 3012, "typical_volume": 11971.45, "trend": 6.1011, "fair_value": 6.037208, "relative_strength": -39.097546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.637456, "energy": 57.486494, "activity_lines": [ 5.443267, 5.645455, 5.59271, 5.77791 ] }, { "date": "2026-06-12", "close": 4.971, "volume": 0, "typical_volume": 9646.4, "trend": 6.017733, "fair_value": 6.054583, "relative_strength": -36.2924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.26395, "energy": 80.864454, "activity_lines": [ 5.213333, 5.515055, 5.531486, 5.705 ] }, { "date": "2026-06-19", "close": 4.985, "volume": 0, "typical_volume": 9103.5, "trend": 5.963467, "fair_value": 6.069006, "relative_strength": -35.649269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.625431, "energy": 86.344889, "activity_lines": [ 5.060933, 5.392055, 5.480757, 5.638372 ] }, { "date": "2026-06-26", "close": 4.643, "volume": 3739, "typical_volume": 7990.75, "trend": 5.8755, "fair_value": 6.081715, "relative_strength": -41.00333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.357012, "energy": 93.992691, "activity_lines": [ 4.8668, 5.2178, 5.403648, 5.553181 ] }, { "date": "2026-07-03", "close": 4.866, "volume": 0, "typical_volume": 5891.5, "trend": 5.7992, "fair_value": 6.095766, "relative_strength": -38.457704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.354945, "energy": 86.103946, "activity_lines": [ 4.832733, 5.107582, 5.350781, 5.488052 ] }, { "date": "2026-07-10", "close": 5.05, "volume": 0, "typical_volume": 5578.4, "trend": 5.734733, "fair_value": 6.111058, "relative_strength": -34.320042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.035581, "energy": 71.282374, "activity_lines": [ 4.9056, 5.051055, 5.316871, 5.439716 ] }, { "date": "2026-07-17", "close": 4.99, "volume": 0, "typical_volume": 5033.25, "trend": 5.6693, "fair_value": 6.126673, "relative_strength": -34.597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.915753, "energy": 57.384353, "activity_lines": [ 4.9346, 4.997982, 5.277519, 5.391669 ] }, { "date": "2026-07-24", "close": 5.124, "volume": 85, "typical_volume": 5035.8, "trend": 5.6132, "fair_value": 6.143324, "relative_strength": -31.772574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.842333, "energy": 40.469217, "activity_lines": [ 5.007, 4.9888, 5.250881, 5.356488 ] }, { "date": "2026-07-31", "close": 4.95, "volume": 1750, "typical_volume": 4809.55, "trend": 5.549967, "fair_value": 6.158872, "relative_strength": -33.083143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.731953, "energy": 35.266152, "activity_lines": [ 5.012133, 4.965164, 5.209719, 5.313701 ] }, { "date": "2026-08-07", "close": 5.095, "volume": 1222, "typical_volume": 4870.65, "trend": 5.480867, "fair_value": 6.175192, "relative_strength": -30.959088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.495053, "energy": 31.241091, "activity_lines": [ 5.045133, 4.985691, 5.185081, 5.284348 ] } ], "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." } } }