{ "ticker": { "uuid": "b4f8b5f4-9313-4efc-ac38-619831846a4b", "symbol": "REDE3", "name": "Rede Energia Participa\u00e7\u00f5es S.A.", "exchange": "SAO", "country": "BR", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 94.503, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -60.416, "architecture_energy": 56.359, "architecture_maturity": 24.527, "architecture_confidence": 95.114, "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": 8.05, "rotation_up": 19.95, "upward_expansion": 11.06, "deceleration": 42.78, "rotation_down": 57.52, "downward_expansion": 84.39 }, "activity_lines": [ 5.814, 5.847091, 5.929238, 6.001882 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 5.82, "trend_reference": 6.075082, "distance_from_trend": -0.041988, "trend_direction": "Weakening", "fair_value": 5.905505, "distance_from_fair_value": -0.014479, "fair_value_direction": "Weakening", "relative_strength": -8.783289, "relative_strength_direction": "Improving", "price_momentum": -0.056615, "excess_performance": 0.000433, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.041988, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015451, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.014479, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.085223, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.087833, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.067293, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.056615, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.15912, "read": "Supply-led" } ], "volume": { "latest": 6100, "relative_activity": 0.924242, "balance": 0.15912, "dry_up": 0.814394, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.025641, "annualized_volatility": 0.107621, "from_high_reference": -0.189906, "from_low_reference": 0.026491 }, "levels": { "trend_reference": 6.075082, "fair_value_reference": 5.905505, "structural_low": 5.7, "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": 19, "median_return": -0.00881, "positive_rate": 0.368421, "directional_follow_through": 0.578947, "median_excess_return": 0.004917, "regime_survival": 0.789474, "best_return": 0.139048, "worst_return": -0.06941, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.048735, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.037983, "regime_survival": 0.333333, "best_return": 0.196237, "worst_return": -0.070276, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.10794, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.101903, "regime_survival": 0.0, "best_return": 0.14952, "worst_return": -0.056277, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.093073, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.092481, "regime_survival": 0.333333, "best_return": 0.094297, "worst_return": -0.137419, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-17", "end": "2024-05-24", "tenure": "Extended", "return": -0.004934, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-07-12", "tenure": "Developing", "return": 0.055686, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-10-04", "tenure": "Developing", "return": 0.002894, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-11", "end": "2024-12-06", "tenure": "Developing", "return": -0.042319, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-13", "end": "2024-12-20", "tenure": "New", "return": -0.023474, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-02-21", "tenure": "Developing", "return": 0.060606, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": 0.003072, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.019727, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-02", "end": "2025-05-23", "tenure": "New", "return": 0.018377, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-07-18", "tenure": "Developing", "return": -0.02982, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2026-04-24", "tenure": "Extended", "return": 0.025902, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": -0.057692, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.025126, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.575218, "volume": 92700, "typical_volume": 31245.0, "trend": 4.305684, "fair_value": 4.905156, "relative_strength": 2.565899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.772257, "energy": 20.647627, "activity_lines": [ 4.602745, 4.599181, 4.569449, 4.4516 ] }, { "date": "2023-08-25", "close": 4.745874, "volume": 29400, "typical_volume": 32075.0, "trend": 4.32559, "fair_value": 4.894336, "relative_strength": 5.973816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.915089, "energy": 32.233521, "activity_lines": [ 4.651162, 4.628623, 4.595784, 4.479999 ] }, { "date": "2023-09-01", "close": 4.697116, "volume": 24700, "typical_volume": 32985.0, "trend": 4.346855, "fair_value": 4.883125, "relative_strength": 2.999427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.270755, "energy": 35.769454, "activity_lines": [ 4.682008, 4.64393, 4.613431, 4.503969 ] }, { "date": "2023-09-08", "close": 4.794634, "volume": 23300, "typical_volume": 33730.0, "trend": 4.37162, "fair_value": 4.872579, "relative_strength": 7.377543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.188201, "energy": 39.52146, "activity_lines": [ 4.727702, 4.674463, 4.636628, 4.532858 ] }, { "date": "2023-09-15", "close": 4.713369, "volume": 24900, "typical_volume": 34600.0, "trend": 4.394671, "fair_value": 4.861432, "relative_strength": 2.506136, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.615122, "energy": 38.731536, "activity_lines": [ 4.726913, 4.685942, 4.648067, 4.554906 ] }, { "date": "2023-09-22", "close": 4.745874, "volume": 37600, "typical_volume": 36275.0, "trend": 4.418805, "fair_value": 4.850494, "relative_strength": 5.54998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.614389, "energy": 29.411609, "activity_lines": [ 4.740457, 4.702407, 4.660544, 4.577564 ] }, { "date": "2023-09-29", "close": 4.648356, "volume": 48600, "typical_volume": 38255.0, "trend": 4.440435, "fair_value": 4.83901, "relative_strength": 2.814599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.758852, "energy": 24.707767, "activity_lines": [ 4.710118, 4.698472, 4.660992, 4.592374 ] }, { "date": "2023-10-06", "close": 4.672736, "volume": 6400, "typical_volume": 35350.0, "trend": 4.469842, "fair_value": 4.827603, "relative_strength": 5.305413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.570031, "energy": 17.282872, "activity_lines": [ 4.694407, 4.700383, 4.662846, 4.607361 ] }, { "date": "2023-10-13", "close": 4.680862, "volume": 11500, "typical_volume": 30265.0, "trend": 4.497778, "fair_value": 4.816209, "relative_strength": 3.939517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.053932, "energy": 15.162596, "activity_lines": [ 4.683029, 4.699399, 4.66709, 4.620975 ] }, { "date": "2023-10-20", "close": 4.697116, "volume": 5200, "typical_volume": 29760.0, "trend": 4.526786, "fair_value": 4.804919, "relative_strength": 6.358352, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.917087, "energy": 13.087968, "activity_lines": [ 4.684655, 4.69815, 4.672341, 4.633836 ] }, { "date": "2023-10-27", "close": 4.64023, "volume": 6800, "typical_volume": 29050.0, "trend": 4.547442, "fair_value": 4.793146, "relative_strength": 4.733562, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.508841, "energy": 11.780519, "activity_lines": [ 4.668402, 4.687807, 4.672124, 4.641155 ] }, { "date": "2023-11-03", "close": 4.697116, "volume": 4100, "typical_volume": 27015.0, "trend": 4.574126, "fair_value": 4.781699, "relative_strength": 1.546063, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.685883, "energy": 12.447181, "activity_lines": [ 4.678154, 4.686625, 4.677203, 4.650811 ] }, { "date": "2023-11-10", "close": 4.875899, "volume": 17900, "typical_volume": 26070.0, "trend": 4.606253, "fair_value": 4.771437, "relative_strength": 3.144814, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.44915, "energy": 27.497657, "activity_lines": [ 4.74425, 4.718836, 4.698162, 4.67028 ] }, { "date": "2023-11-17", "close": 5.927912, "volume": 282800, "typical_volume": 39500.0, "trend": 4.672156, "fair_value": 4.767761, "relative_strength": 20.436017, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.44706, "energy": 72.242922, "activity_lines": [ 5.147472, 4.939071, 4.817805, 4.755549 ] }, { "date": "2023-11-24", "close": 5.426961, "volume": 36900, "typical_volume": 39390.0, "trend": 4.710344, "fair_value": 4.760795, "relative_strength": 9.820789, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.347174, "energy": 72.836093, "activity_lines": [ 5.300574, 5.047619, 4.883221, 4.804246 ] }, { "date": "2023-12-01", "close": 5.44366, "volume": 25800, "typical_volume": 39605.0, "trend": 4.752796, "fair_value": 4.753739, "relative_strength": 7.790006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.043516, "energy": 75.6279, "activity_lines": [ 5.410586, 5.146228, 4.946588, 4.851557 ] }, { "date": "2023-12-08", "close": 5.393564, "volume": 24000, "typical_volume": 39855.0, "trend": 4.784046, "fair_value": 4.746323, "relative_strength": 7.477112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.810969, "energy": 75.880626, "activity_lines": [ 5.450338, 5.223043, 5.001161, 4.892896 ] }, { "date": "2023-12-15", "close": 5.259978, "volume": 33300, "typical_volume": 38125.0, "trend": 4.79231, "fair_value": 4.737892, "relative_strength": 2.25662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.680685, "energy": 52.166714, "activity_lines": [ 5.399131, 5.26202, 5.039834, 4.923602 ] }, { "date": "2023-12-22", "close": 5.410263, "volume": 30300, "typical_volume": 39025.0, "trend": 4.82041, "fair_value": 4.729244, "relative_strength": 3.002588, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.365898, "energy": 42.423821, "activity_lines": [ 5.372413, 5.317644, 5.088878, 4.96347 ] }, { "date": "2023-12-29", "close": 5.527151, "volume": 22300, "typical_volume": 39425.0, "trend": 4.848434, "fair_value": 4.720753, "relative_strength": 3.874207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.225079, "energy": 42.62789, "activity_lines": [ 5.419169, 5.381259, 5.144737, 5.009066 ] }, { "date": "2024-01-05", "close": 5.827723, "volume": 52500, "typical_volume": 37415.0, "trend": 4.888861, "fair_value": 4.713757, "relative_strength": 10.933492, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.914979, "energy": 48.249614, "activity_lines": [ 5.559435, 5.484431, 5.225597, 5.072246 ] }, { "date": "2024-01-12", "close": 5.894515, "volume": 40700, "typical_volume": 37980.0, "trend": 4.93681, "fair_value": 4.707109, "relative_strength": 12.652274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.396512, "energy": 58.448642, "activity_lines": [ 5.696362, 5.578157, 5.306854, 5.137127 ] }, { "date": "2024-01-19", "close": 5.568897, "volume": 56300, "typical_volume": 39560.0, "trend": 4.970462, "fair_value": 4.697114, "relative_strength": 8.856413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.222432, "energy": 47.310623, "activity_lines": [ 5.691352, 5.590909, 5.351629, 5.177906 ] }, { "date": "2024-01-26", "close": 5.785976, "volume": 16900, "typical_volume": 39240.0, "trend": 5.011351, "fair_value": 4.68792, "relative_strength": 11.50514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.827197, "energy": 44.408152, "activity_lines": [ 5.738107, 5.630529, 5.412928, 5.23052 ] }, { "date": "2024-02-02", "close": 5.794325, "volume": 24200, "typical_volume": 39205.0, "trend": 5.049076, "fair_value": 4.678976, "relative_strength": 12.794203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.906487, "energy": 39.611058, "activity_lines": [ 5.762598, 5.674249, 5.470301, 5.281035 ] }, { "date": "2024-02-09", "close": 5.735881, "volume": 18400, "typical_volume": 38245.0, "trend": 5.086971, "fair_value": 4.66946, "relative_strength": 10.534212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.290829, "energy": 34.478183, "activity_lines": [ 5.749796, 5.700663, 5.516961, 5.325345 ] }, { "date": "2024-02-16", "close": 5.769277, "volume": 14500, "typical_volume": 36540.0, "trend": 5.121742, "fair_value": 4.660237, "relative_strength": 10.153903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.876452, "energy": 43.193248, "activity_lines": [ 5.754249, 5.727835, 5.562086, 5.369365 ] }, { "date": "2024-02-23", "close": 5.827723, "volume": 23000, "typical_volume": 37370.0, "trend": 5.168259, "fair_value": 4.65131, "relative_strength": 10.306838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.314154, "energy": 50.973945, "activity_lines": [ 5.786533, 5.758803, 5.607441, 5.414912 ] }, { "date": "2024-03-01", "close": 5.702485, "volume": 25300, "typical_volume": 38060.0, "trend": 5.208218, "fair_value": 4.650837, "relative_strength": 7.849604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.553813, "energy": 40.018582, "activity_lines": [ 5.759816, 5.756678, 5.635368, 5.449378 ] }, { "date": "2024-03-08", "close": 5.75258, "volume": 9300, "typical_volume": 38265.0, "trend": 5.241109, "fair_value": 4.650922, "relative_strength": 10.153066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.88502, "energy": 32.771375, "activity_lines": [ 5.755363, 5.758348, 5.663201, 5.484498 ] }, { "date": "2024-03-15", "close": 6.203435, "volume": 54900, "typical_volume": 40670.0, "trend": 5.295383, "fair_value": 4.653427, "relative_strength": 18.470141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.395394, "energy": 46.619231, "activity_lines": [ 5.903978, 5.837893, 5.728947, 5.546584 ] }, { "date": "2024-03-22", "close": 5.829872, "volume": 28300, "typical_volume": 41880.0, "trend": 5.331516, "fair_value": 4.653496, "relative_strength": 10.716584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.091207, "energy": 35.638434, "activity_lines": [ 5.896902, 5.842686, 5.751671, 5.581067 ] }, { "date": "2024-03-29", "close": 5.976048, "volume": 7900, "typical_volume": 41380.0, "trend": 5.374147, "fair_value": 4.654502, "relative_strength": 12.162785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.236358, "energy": 38.010707, "activity_lines": [ 5.934512, 5.875232, 5.782923, 5.622649 ] }, { "date": "2024-04-05", "close": 5.898661, "volume": 16800, "typical_volume": 28080.0, "trend": 5.410948, "fair_value": 4.655013, "relative_strength": 11.449312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.229111, "energy": 36.74794, "activity_lines": [ 5.936438, 5.886305, 5.801566, 5.656489 ] }, { "date": "2024-04-12", "close": 5.976048, "volume": 14700, "typical_volume": 26970.0, "trend": 5.453037, "fair_value": 4.660376, "relative_strength": 13.118121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.725412, "energy": 32.033421, "activity_lines": [ 5.95108, 5.909399, 5.827718, 5.692947 ] }, { "date": "2024-04-19", "close": 6.019042, "volume": 9900, "typical_volume": 26175.0, "trend": 5.495476, "fair_value": 4.66569, "relative_strength": 14.144052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.067522, "energy": 35.046852, "activity_lines": [ 5.965157, 5.937007, 5.85535, 5.729464 ] }, { "date": "2024-04-26", "close": 5.941654, "volume": 6300, "typical_volume": 25290.0, "trend": 5.538586, "fair_value": 4.669815, "relative_strength": 11.12553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.046146, "energy": 31.465888, "activity_lines": [ 5.96573, 5.945395, 5.872872, 5.758249 ] }, { "date": "2024-05-03", "close": 5.890062, "volume": 12400, "typical_volume": 24245.0, "trend": 5.579164, "fair_value": 4.674709, "relative_strength": 8.156845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.356421, "energy": 28.620396, "activity_lines": [ 5.941654, 5.941269, 5.882871, 5.780925 ] }, { "date": "2024-05-10", "close": 5.933054, "volume": 7400, "typical_volume": 23100.0, "trend": 5.620904, "fair_value": 4.676743, "relative_strength": 9.453492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.399507, "energy": 22.25889, "activity_lines": [ 5.937641, 5.943827, 5.893963, 5.803757 ] }, { "date": "2024-05-17", "close": 5.890062, "volume": 8000, "typical_volume": 22385.0, "trend": 5.660668, "fair_value": 4.682003, "relative_strength": 8.1587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.743583, "energy": 17.824095, "activity_lines": [ 5.917004, 5.934375, 5.898472, 5.821122 ] }, { "date": "2024-05-24", "close": 5.898661, "volume": 5900, "typical_volume": 20055.0, "trend": 5.702616, "fair_value": 4.687237, "relative_strength": 11.351001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.428604, "energy": 14.314078, "activity_lines": [ 5.904966, 5.923987, 5.902072, 5.836476 ] }, { "date": "2024-05-31", "close": 5.864266, "volume": 5200, "typical_volume": 18280.0, "trend": 5.741521, "fair_value": 4.693147, "relative_strength": 12.379387, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.821408, "energy": 12.34444, "activity_lines": [ 5.889489, 5.912887, 5.902058, 5.846905 ] }, { "date": "2024-06-07", "close": 5.761082, "volume": 11200, "typical_volume": 16025.0, "trend": 5.771027, "fair_value": 4.697336, "relative_strength": 11.205139, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.402331, "energy": 7.236692, "activity_lines": [ 5.844776, 5.882401, 5.892361, 5.848167 ] }, { "date": "2024-06-14", "close": 5.769681, "volume": 13300, "typical_volume": 15845.0, "trend": 5.765753, "fair_value": 4.70215, "relative_strength": 11.863266, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.504551, "energy": 10.533215, "activity_lines": [ 5.811528, 5.857387, 5.882568, 5.84808 ] }, { "date": "2024-06-21", "close": 5.735286, "volume": 6900, "typical_volume": 14980.0, "trend": 5.77603, "fair_value": 4.706133, "relative_strength": 9.221899, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.875027, "energy": 21.49386, "activity_lines": [ 5.777706, 5.828464, 5.869576, 5.846115 ] }, { "date": "2024-06-28", "close": 5.70949, "volume": 4800, "typical_volume": 14300.0, "trend": 5.784891, "fair_value": 4.709433, "relative_strength": 6.126686, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.624963, "energy": 40.172513, "activity_lines": [ 5.745604, 5.799229, 5.854409, 5.841822 ] }, { "date": "2024-07-05", "close": 6.181969, "volume": 53100, "typical_volume": 16230.0, "trend": 5.811172, "fair_value": 4.717362, "relative_strength": 12.276718, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.207914, "energy": 17.953992, "activity_lines": [ 5.883607, 5.861527, 5.884366, 5.86744 ] }, { "date": "2024-07-12", "close": 6.190825, "volume": 10300, "typical_volume": 15595.0, "trend": 5.8422, "fair_value": 4.724926, "relative_strength": 9.709947, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.42798, "energy": 41.079218, "activity_lines": [ 6.003382, 5.921066, 5.913201, 5.891933 ] }, { "date": "2024-07-19", "close": 6.119972, "volume": 6700, "typical_volume": 14665.0, "trend": 5.865857, "fair_value": 4.731742, "relative_strength": 9.128672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.62926, "energy": 50.375434, "activity_lines": [ 6.070889, 5.962254, 5.933559, 5.909854 ] }, { "date": "2024-07-26", "close": 6.155399, "volume": 8100, "typical_volume": 14605.0, "trend": 5.886798, "fair_value": 4.739626, "relative_strength": 9.321623, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.785426, "energy": 58.185731, "activity_lines": [ 6.126852, 6.006485, 5.955303, 5.928534 ] }, { "date": "2024-08-02", "close": 6.173112, "volume": 9500, "typical_volume": 12335.0, "trend": 5.898311, "fair_value": 4.747666, "relative_strength": 10.516247, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.817942, "energy": 66.673506, "activity_lines": [ 6.160713, 6.049112, 5.976816, 5.947006 ] }, { "date": "2024-08-09", "close": 6.066832, "volume": 7800, "typical_volume": 11310.0, "trend": 5.904055, "fair_value": 4.75612, "relative_strength": 4.37943, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.714335, "energy": 51.856848, "activity_lines": [ 6.128238, 6.067425, 5.988351, 5.957878 ] }, { "date": "2024-08-16", "close": 6.040261, "volume": 9400, "typical_volume": 11385.0, "trend": 5.919767, "fair_value": 4.764678, "relative_strength": 1.094563, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.155757, "energy": 32.356662, "activity_lines": [ 6.094583, 6.077224, 5.996227, 5.966666 ] }, { "date": "2024-08-23", "close": 6.155399, "volume": 7000, "typical_volume": 10895.0, "trend": 5.932081, "fair_value": 4.774362, "relative_strength": 1.570702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.512906, "energy": 31.858001, "activity_lines": [ 6.109344, 6.102882, 6.014763, 5.981868 ] }, { "date": "2024-08-30", "close": 6.199682, "volume": 10000, "typical_volume": 10660.0, "trend": 5.945593, "fair_value": 4.784761, "relative_strength": 1.752114, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.69311, "energy": 31.395611, "activity_lines": [ 6.136504, 6.129578, 6.036294, 5.999132 ] }, { "date": "2024-09-06", "close": 6.173112, "volume": 6800, "typical_volume": 10505.0, "trend": 5.960168, "fair_value": 4.794861, "relative_strength": 2.205811, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.232352, "energy": 32.099046, "activity_lines": [ 6.151856, 6.142999, 6.054229, 6.013811 ] }, { "date": "2024-09-13", "close": 6.128829, "volume": 7400, "typical_volume": 10560.0, "trend": 5.972153, "fair_value": 4.804547, "relative_strength": 0.990625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.171851, "energy": 31.025319, "activity_lines": [ 6.152447, 6.13994, 6.067214, 6.024692 ] }, { "date": "2024-09-20", "close": 6.173112, "volume": 8400, "typical_volume": 10360.0, "trend": 5.983666, "fair_value": 4.814345, "relative_strength": 4.40648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.861948, "energy": 30.827828, "activity_lines": [ 6.163665, 6.145898, 6.083524, 6.037658 ] }, { "date": "2024-09-27", "close": 6.084545, "volume": 8600, "typical_volume": 10420.0, "trend": 5.996401, "fair_value": 4.824264, "relative_strength": 1.35994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.229553, "energy": 23.927397, "activity_lines": [ 6.136504, 6.136075, 6.090052, 6.044166 ] }, { "date": "2024-10-04", "close": 6.137685, "volume": 9300, "typical_volume": 10485.0, "trend": 6.009238, "fair_value": 4.834137, "relative_strength": 2.726391, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.18346, "energy": 21.788464, "activity_lines": [ 6.131781, 6.136558, 6.100919, 6.053281 ] }, { "date": "2024-10-11", "close": 6.084545, "volume": 11800, "typical_volume": 10780.0, "trend": 6.005275, "fair_value": 4.844401, "relative_strength": 2.968933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.223853, "energy": 18.042267, "activity_lines": [ 6.113477, 6.127701, 6.105546, 6.05814 ] }, { "date": "2024-10-18", "close": 6.066832, "volume": 8100, "typical_volume": 10925.0, "trend": 6.013174, "fair_value": 4.854853, "relative_strength": 2.055329, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.173521, "energy": 17.177645, "activity_lines": [ 6.095173, 6.117234, 6.107601, 6.062111 ] }, { "date": "2024-10-25", "close": 5.969408, "volume": 13100, "typical_volume": 11020.0, "trend": 6.012952, "fair_value": 4.864681, "relative_strength": 0.672397, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.294324, "energy": 9.672834, "activity_lines": [ 6.048528, 6.089054, 6.099413, 6.059287 ] }, { "date": "2024-11-01", "close": 6.049119, "volume": 6300, "typical_volume": 10670.0, "trend": 6.017968, "fair_value": 4.875106, "relative_strength": 3.103554, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.708345, "energy": 15.276968, "activity_lines": [ 6.042033, 6.076655, 6.097825, 6.061621 ] }, { "date": "2024-11-08", "close": 6.013691, "volume": 10600, "typical_volume": 10855.0, "trend": 6.019222, "fair_value": 4.885131, "relative_strength": 2.447964, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.123978, "energy": 14.091244, "activity_lines": [ 6.026091, 6.059746, 6.091531, 6.061345 ] }, { "date": "2024-11-15", "close": 6.052561, "volume": 11300, "typical_volume": 11180.0, "trend": 6.02034, "fair_value": 4.896047, "relative_strength": 3.142412, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.407981, "energy": 12.814453, "activity_lines": [ 6.031372, 6.053287, 6.087614, 6.063496 ] }, { "date": "2024-11-22", "close": 5.917259, "volume": 10500, "typical_volume": 9050.0, "trend": 6.019526, "fair_value": 4.905918, "relative_strength": -0.313457, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.015503, "energy": 20.91124, "activity_lines": [ 5.993684, 6.024419, 6.069178, 6.056845 ] }, { "date": "2024-11-29", "close": 5.92628, "volume": 9900, "typical_volume": 9030.0, "trend": 6.020734, "fair_value": 4.915627, "relative_strength": 2.386008, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.33075, "energy": 20.289025, "activity_lines": [ 5.968975, 6.001038, 6.052861, 6.050829 ] }, { "date": "2024-12-06", "close": 5.827056, "volume": 9400, "typical_volume": 9165.0, "trend": 6.0172, "fair_value": 4.924787, "relative_strength": 0.289222, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.768879, "energy": 38.458286, "activity_lines": [ 5.914066, 5.964104, 6.028353, 6.038334 ] }, { "date": "2024-12-13", "close": 5.763915, "volume": 9700, "typical_volume": 9245.0, "trend": 6.012996, "fair_value": 4.932615, "relative_strength": 0.020382, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.67845, "energy": 51.365185, "activity_lines": [ 5.852915, 5.920372, 5.999228, 6.021993 ] }, { "date": "2024-12-20", "close": 5.628612, "volume": 15000, "typical_volume": 9520.0, "trend": 6.003994, "fair_value": 4.939134, "relative_strength": -0.540692, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.297524, "energy": 70.370988, "activity_lines": [ 5.763314, 5.858834, 5.95908, 5.997194 ] }, { "date": "2024-12-27", "close": 5.655673, "volume": 2600, "typical_volume": 9260.0, "trend": 5.997041, "fair_value": 4.946489, "relative_strength": 1.215581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.735921, "energy": 73.274754, "activity_lines": [ 5.710997, 5.810507, 5.924102, 5.974722 ] }, { "date": "2025-01-03", "close": 5.664693, "volume": 2600, "typical_volume": 8920.0, "trend": 5.993828, "fair_value": 4.952886, "relative_strength": 2.706648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.382829, "energy": 71.414812, "activity_lines": [ 5.679125, 5.771295, 5.891942, 5.95328 ] }, { "date": "2025-01-10", "close": 5.655673, "volume": 8100, "typical_volume": 8975.0, "trend": 5.990028, "fair_value": 4.960904, "relative_strength": 2.155348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.590316, "energy": 65.63369, "activity_lines": [ 5.661686, 5.735984, 5.860711, 5.931464 ] }, { "date": "2025-01-17", "close": 5.709795, "volume": 6100, "typical_volume": 8780.0, "trend": 5.989178, "fair_value": 4.968562, "relative_strength": 0.062268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.167767, "energy": 44.673237, "activity_lines": [ 5.673714, 5.717666, 5.837014, 5.913384 ] }, { "date": "2025-01-24", "close": 5.700774, "volume": 5800, "typical_volume": 8730.0, "trend": 5.988887, "fair_value": 4.97572, "relative_strength": -0.244604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.605391, "energy": 40.628062, "activity_lines": [ 5.686342, 5.703234, 5.81479, 5.894777 ] }, { "date": "2025-01-31", "close": 5.92628, "volume": 5300, "typical_volume": 8625.0, "trend": 5.980364, "fair_value": 4.984721, "relative_strength": 0.610306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.701524, "energy": 21.511374, "activity_lines": [ 5.769328, 5.736199, 5.816293, 5.890738 ] }, { "date": "2025-02-07", "close": 5.754896, "volume": 8500, "typical_volume": 8630.0, "trend": 5.965833, "fair_value": 4.992138, "relative_strength": -1.166801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.973215, "energy": 18.397508, "activity_lines": [ 5.777146, 5.737839, 5.802438, 5.876192 ] }, { "date": "2025-02-14", "close": 5.772936, "volume": 2500, "typical_volume": 8325.0, "trend": 5.954266, "fair_value": 4.99967, "relative_strength": -3.648781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.756827, "energy": 18.363175, "activity_lines": [ 5.784963, 5.745875, 5.792292, 5.863747 ] }, { "date": "2025-02-21", "close": 5.998441, "volume": 6400, "typical_volume": 8180.0, "trend": 5.949034, "fair_value": 5.007455, "relative_strength": 0.884665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.159977, "energy": 14.161584, "activity_lines": [ 5.860131, 5.795897, 5.805107, 5.866597 ] }, { "date": "2025-02-28", "close": 6.078649, "volume": 29400, "typical_volume": 9060.0, "trend": 5.945885, "fair_value": 5.015666, "relative_strength": 5.605042, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.101912, "energy": 19.900011, "activity_lines": [ 5.942793, 5.856237, 5.826224, 5.874959 ] }, { "date": "2025-03-07", "close": 6.097323, "volume": 7500, "typical_volume": 9030.0, "trend": 5.946901, "fair_value": 5.025852, "relative_strength": 3.886198, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.677667, "energy": 37.384642, "activity_lines": [ 6.006487, 5.91179, 5.849147, 5.884729 ] }, { "date": "2025-03-14", "close": 6.153348, "volume": 6200, "typical_volume": 8685.0, "trend": 5.950671, "fair_value": 5.036486, "relative_strength": 1.703417, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.237197, "energy": 55.422315, "activity_lines": [ 6.077453, 5.969499, 5.877261, 5.898049 ] }, { "date": "2025-03-21", "close": 6.274734, "volume": 7400, "typical_volume": 8740.0, "trend": 5.954649, "fair_value": 5.047986, "relative_strength": 0.991954, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.956403, "energy": 66.027892, "activity_lines": [ 6.162318, 6.040394, 5.91606, 5.918956 ] }, { "date": "2025-03-28", "close": 6.256059, "volume": 6000, "typical_volume": 8510.0, "trend": 5.956528, "fair_value": 5.058659, "relative_strength": 0.997272, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.160143, "energy": 67.168257, "activity_lines": [ 6.207505, 6.096638, 5.952006, 5.938402 ] }, { "date": "2025-04-04", "close": 6.218709, "volume": 2800, "typical_volume": 8085.0, "trend": 5.958048, "fair_value": 5.069137, "relative_strength": 3.959707, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.187416, "energy": 61.128526, "activity_lines": [ 6.223067, 6.136159, 5.98324, 5.955317 ] }, { "date": "2025-04-11", "close": 6.031961, "volume": 7700, "typical_volume": 7945.0, "trend": 5.954819, "fair_value": 5.079567, "relative_strength": 0.509879, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.571469, "energy": 44.502457, "activity_lines": [ 6.167042, 6.132309, 5.995898, 5.960085 ] }, { "date": "2025-04-18", "close": 6.069311, "volume": 1900, "typical_volume": 7545.0, "trend": 5.951359, "fair_value": 5.090944, "relative_strength": -0.350223, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.501599, "energy": 30.058209, "activity_lines": [ 6.127825, 6.133328, 6.011566, 5.967472 ] }, { "date": "2025-04-25", "close": 6.069311, "volume": 5000, "typical_volume": 7325.0, "trend": 5.950851, "fair_value": 5.100906, "relative_strength": -4.0387, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.337739, "energy": 20.790544, "activity_lines": [ 6.094211, 6.128631, 6.026554, 5.975082 ] }, { "date": "2025-05-02", "close": 6.097323, "volume": 6700, "typical_volume": 7175.0, "trend": 5.949506, "fair_value": 5.112467, "relative_strength": -3.8495, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.190962, "energy": 19.906822, "activity_lines": [ 6.083628, 6.123638, 6.043056, 5.984531 ] }, { "date": "2025-05-09", "close": 6.087986, "volume": 5900, "typical_volume": 6720.0, "trend": 5.94962, "fair_value": 5.123968, "relative_strength": -4.891753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.677523, "energy": 16.837916, "activity_lines": [ 6.080516, 6.115149, 6.05708, 5.993466 ] }, { "date": "2025-05-16", "close": 6.293408, "volume": 14000, "typical_volume": 7290.0, "trend": 5.957173, "fair_value": 5.137601, "relative_strength": -3.542602, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.666415, "energy": 31.093302, "activity_lines": [ 6.154592, 6.14384, 6.088482, 6.015645 ] }, { "date": "2025-05-23", "close": 6.209372, "volume": 6700, "typical_volume": 7495.0, "trend": 5.965172, "fair_value": 5.150469, "relative_strength": -3.794713, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.052828, "energy": 31.794301, "activity_lines": [ 6.183227, 6.153687, 6.108843, 6.031916 ] }, { "date": "2025-05-30", "close": 6.349433, "volume": 7000, "typical_volume": 7440.0, "trend": 5.975182, "fair_value": 5.164234, "relative_strength": -0.98368, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.130197, "energy": 49.446934, "activity_lines": [ 6.249211, 6.187981, 6.139949, 6.056707 ] }, { "date": "2025-06-06", "close": 6.340096, "volume": 6500, "typical_volume": 7460.0, "trend": 5.986062, "fair_value": 5.178166, "relative_strength": -0.41146, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.668656, "energy": 56.009965, "activity_lines": [ 6.293409, 6.219219, 6.166863, 6.08025 ] }, { "date": "2025-06-13", "close": 6.368108, "volume": 4400, "typical_volume": 7390.0, "trend": 5.99658, "fair_value": 5.193546, "relative_strength": -0.707648, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.842392, "energy": 56.050654, "activity_lines": [ 6.330758, 6.254022, 6.193443, 6.104898 ] }, { "date": "2025-06-20", "close": 6.321421, "volume": 5500, "typical_volume": 7400.0, "trend": 6.010053, "fair_value": 5.207811, "relative_strength": -1.318646, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.609921, "energy": 49.032682, "activity_lines": [ 6.333871, 6.27762, 6.212399, 6.125856 ] }, { "date": "2025-06-27", "close": 6.23533, "volume": 7400, "typical_volume": 7345.0, "trend": 6.020354, "fair_value": 5.22252, "relative_strength": -2.46387, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.058542, "energy": 33.551839, "activity_lines": [ 6.306419, 6.280302, 6.221274, 6.14039 ] }, { "date": "2025-07-04", "close": 6.301162, "volume": 10600, "typical_volume": 7750.0, "trend": 6.036158, "fair_value": 5.235568, "relative_strength": -4.473321, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.751105, "energy": 28.62667, "activity_lines": [ 6.29918, 6.291936, 6.234131, 6.158507 ] }, { "date": "2025-07-11", "close": 6.21652, "volume": 4800, "typical_volume": 7670.0, "trend": 6.051245, "fair_value": 5.248074, "relative_strength": -1.998757, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.941989, "energy": 19.04338, "activity_lines": [ 6.266946, 6.283964, 6.236412, 6.170143 ] }, { "date": "2025-07-18", "close": 6.160091, "volume": 4500, "typical_volume": 6425.0, "trend": 6.068961, "fair_value": 5.261305, "relative_strength": -0.773491, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.703118, "energy": 14.574139, "activity_lines": [ 6.22414, 6.263565, 6.23228, 6.177165 ] }, { "date": "2025-07-25", "close": 6.150687, "volume": 5400, "typical_volume": 6320.0, "trend": 6.085461, "fair_value": 5.274385, "relative_strength": -0.939619, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.011502, "energy": 12.778012, "activity_lines": [ 6.192068, 6.240146, 6.226864, 6.182438 ] }, { "date": "2025-08-01", "close": 5.906164, "volume": 2800, "typical_volume": 6150.0, "trend": 6.09351, "fair_value": 5.28463, "relative_strength": -3.920105, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.511502, "energy": 22.724222, "activity_lines": [ 6.08987, 6.174863, 6.197906, 6.17087 ] }, { "date": "2025-08-08", "close": 6.19771, "volume": 11900, "typical_volume": 6375.0, "trend": 6.111578, "fair_value": 5.296654, "relative_strength": -1.721357, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.94248, "energy": 14.726563, "activity_lines": [ 6.106798, 6.168101, 6.197892, 6.177593 ] }, { "date": "2025-08-15", "close": 6.439411, "volume": 16200, "typical_volume": 6885.0, "trend": 6.135898, "fair_value": 5.308219, "relative_strength": 1.7007, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.206134, "energy": 16.870886, "activity_lines": [ 6.21119, 6.208043, 6.221264, 6.198743 ] }, { "date": "2025-08-22", "close": 6.069218, "volume": 20400, "typical_volume": 7765.0, "trend": 6.14818, "fair_value": 5.317968, "relative_strength": -5.221315, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.026451, "energy": 4.072157, "activity_lines": [ 6.177325, 6.178871, 6.208506, 6.194441 ] }, { "date": "2025-08-29", "close": 6.205605, "volume": 5300, "typical_volume": 7645.0, "trend": 6.157491, "fair_value": 5.330217, "relative_strength": -5.391471, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.192283, "energy": 13.71369, "activity_lines": [ 6.194981, 6.179932, 6.209449, 6.198146 ] }, { "date": "2025-09-05", "close": 6.117928, "volume": 5500, "typical_volume": 7825.0, "trend": 6.169592, "fair_value": 5.341021, "relative_strength": -7.41015, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.700021, "energy": 4.185207, "activity_lines": [ 6.17975, 6.167157, 6.201215, 6.195594 ] }, { "date": "2025-09-12", "close": 6.215347, "volume": 6600, "typical_volume": 7905.0, "trend": 6.184339, "fair_value": 5.352914, "relative_strength": -5.623841, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.671602, "energy": 6.443267, "activity_lines": [ 6.182874, 6.17423, 6.202028, 6.198546 ] }, { "date": "2025-09-19", "close": 6.127669, "volume": 9200, "typical_volume": 8030.0, "trend": 6.188646, "fair_value": 5.364385, "relative_strength": -9.05476, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.75566, "energy": 10.024196, "activity_lines": [ 6.155596, 6.166921, 6.193795, 6.19489 ] }, { "date": "2025-09-26", "close": 6.176379, "volume": 6800, "typical_volume": 8075.0, "trend": 6.191904, "fair_value": 5.376864, "relative_strength": -7.938954, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.19738, "energy": 7.919428, "activity_lines": [ 6.165338, 6.170083, 6.190057, 6.194098 ] }, { "date": "2025-10-03", "close": 6.176379, "volume": 11200, "typical_volume": 7935.0, "trend": 6.194539, "fair_value": 5.389018, "relative_strength": -6.998497, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.114182, "energy": 15.354831, "activity_lines": [ 6.167936, 6.17295, 6.185897, 6.193097 ] }, { "date": "2025-10-10", "close": 6.23483, "volume": 9000, "typical_volume": 8050.0, "trend": 6.197255, "fair_value": 5.401408, "relative_strength": -3.668582, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.231782, "energy": 8.60774, "activity_lines": [ 6.191966, 6.185977, 6.187862, 6.195696 ] }, { "date": "2025-10-17", "close": 6.156895, "volume": 3900, "typical_volume": 7895.0, "trend": 6.193327, "fair_value": 5.413901, "relative_strength": -6.537588, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.326338, "energy": 11.55921, "activity_lines": [ 6.182224, 6.178859, 6.182283, 6.193092 ] }, { "date": "2025-10-24", "close": 6.147153, "volume": 4800, "typical_volume": 7810.0, "trend": 6.189697, "fair_value": 5.4261, "relative_strength": -8.305943, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.989785, "energy": 3.075636, "activity_lines": [ 6.173131, 6.170711, 6.176693, 6.190113 ] }, { "date": "2025-10-31", "close": 6.186121, "volume": 7500, "typical_volume": 7965.0, "trend": 6.188611, "fair_value": 5.437341, "relative_strength": -9.581283, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.975101, "energy": 1.379098, "activity_lines": [ 6.175729, 6.174962, 6.175733, 6.189882 ] }, { "date": "2025-11-07", "close": 6.176379, "volume": 19200, "typical_volume": 8650.0, "trend": 6.193425, "fair_value": 5.44931, "relative_strength": -12.11768, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.779716, "energy": 14.07596, "activity_lines": [ 6.174431, 6.175316, 6.174712, 6.189093 ] }, { "date": "2025-11-14", "close": 6.248116, "volume": 22900, "typical_volume": 9425.0, "trend": 6.199385, "fair_value": 5.462481, "relative_strength": -12.883513, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -10.977866, "energy": 6.284463, "activity_lines": [ 6.197044, 6.189245, 6.181213, 6.192622 ] }, { "date": "2025-11-21", "close": 6.188986, "volume": 44000, "typical_volume": 11095.0, "trend": 6.203374, "fair_value": 5.472163, "relative_strength": -11.834922, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.364636, "energy": 10.355676, "activity_lines": [ 6.199062, 6.190056, 6.182023, 6.191951 ] }, { "date": "2025-11-28", "close": 6.257971, "volume": 23600, "typical_volume": 12035.0, "trend": 6.208729, "fair_value": 5.484058, "relative_strength": -12.974682, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.771781, "energy": 15.119574, "activity_lines": [ 6.221935, 6.203888, 6.189936, 6.195473 ] }, { "date": "2025-12-05", "close": 6.228406, "volume": 40200, "typical_volume": 13820.0, "trend": 6.21341, "fair_value": 5.496911, "relative_strength": -12.198707, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.262055, "energy": 15.994807, "activity_lines": [ 6.227566, 6.209977, 6.194837, 6.196743 ] }, { "date": "2025-12-12", "close": 6.169276, "volume": 2500, "typical_volume": 13675.0, "trend": 6.209272, "fair_value": 5.510629, "relative_strength": -14.582718, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.475066, "energy": 4.662621, "activity_lines": [ 6.210667, 6.204368, 6.19378, 6.193895 ] }, { "date": "2025-12-19", "close": 5.912285, "volume": 9594, "typical_volume": 14014.7, "trend": 6.199369, "fair_value": 5.521982, "relative_strength": -16.64283, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.875809, "energy": 43.362445, "activity_lines": [ 6.108578, 6.152163, 6.16816, 6.174735 ] }, { "date": "2025-12-26", "close": 6.188986, "volume": 4800, "typical_volume": 13659.7, "trend": 6.194021, "fair_value": 5.535826, "relative_strength": -13.738966, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.520122, "energy": 27.970147, "activity_lines": [ 6.121112, 6.156131, 6.168863, 6.174065 ] }, { "date": "2026-01-02", "close": 6.110145, "volume": 3600, "typical_volume": 13029.7, "trend": 6.186356, "fair_value": 5.549165, "relative_strength": -14.288274, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.76091, "energy": 32.076719, "activity_lines": [ 6.107365, 6.145182, 6.162099, 6.168654 ] }, { "date": "2026-01-09", "close": 6.13971, "volume": 6000, "typical_volume": 12309.7, "trend": 6.178743, "fair_value": 5.562262, "relative_strength": -14.997785, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.408974, "energy": 33.019444, "activity_lines": [ 6.113329, 6.14028, 6.159719, 6.165644 ] }, { "date": "2026-01-16", "close": 6.110145, "volume": 3300, "typical_volume": 12209.7, "trend": 6.1717, "fair_value": 5.575075, "relative_strength": -15.789808, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.439835, "energy": 19.062525, "activity_lines": [ 6.11535, 6.130848, 6.154187, 6.161218 ] }, { "date": "2026-01-23", "close": 6.110145, "volume": 18400, "typical_volume": 12854.7, "trend": 6.167527, "fair_value": 5.587648, "relative_strength": -21.986681, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -44.321509, "energy": 19.930295, "activity_lines": [ 6.121314, 6.122619, 6.14911, 6.157247 ] }, { "date": "2026-01-30", "close": 6.090435, "volume": 22800, "typical_volume": 13664.7, "trend": 6.160503, "fair_value": 5.600669, "relative_strength": -22.858339, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -45.310572, "energy": 20.450205, "activity_lines": [ 6.107517, 6.113315, 6.142193, 6.152273 ] }, { "date": "2026-02-06", "close": 6.169276, "volume": 7800, "typical_volume": 13594.7, "trend": 6.158928, "fair_value": 5.614244, "relative_strength": -22.108435, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -30.526243, "energy": 13.400195, "activity_lines": [ 6.12657, 6.120138, 6.143379, 6.152839 ] }, { "date": "2026-02-13", "close": 6.228406, "volume": 7400, "typical_volume": 13624.7, "trend": 6.161205, "fair_value": 5.628388, "relative_strength": -22.44348, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -1.767853, "energy": 3.378068, "activity_lines": [ 6.161392, 6.139324, 6.149998, 6.157322 ] }, { "date": "2026-02-20", "close": 6.188986, "volume": 1500, "typical_volume": 13139.7, "trend": 6.162482, "fair_value": 5.64228, "relative_strength": -24.082172, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -4.783094, "energy": 6.671657, "activity_lines": [ 6.17716, 6.151344, 6.152616, 6.159114 ] }, { "date": "2026-02-27", "close": 6.238261, "volume": 8900, "typical_volume": 13134.7, "trend": 6.173552, "fair_value": 5.656632, "relative_strength": -22.194101, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 13.605786, "energy": 15.60674, "activity_lines": [ 6.204097, 6.171963, 6.159866, 6.164003 ] }, { "date": "2026-03-06", "close": 6.198841, "volume": 17900, "typical_volume": 13834.7, "trend": 6.17359, "fair_value": 5.672069, "relative_strength": -18.097652, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 10.848282, "energy": 18.771906, "activity_lines": [ 6.209353, 6.179489, 6.163346, 6.165635 ] }, { "date": "2026-03-13", "close": 6.257971, "volume": 13900, "typical_volume": 14289.7, "trend": 6.167542, "fair_value": 5.687551, "relative_strength": -16.041665, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 55.148707, "energy": 38.964459, "activity_lines": [ 6.227092, 6.197587, 6.172257, 6.171079 ] }, { "date": "2026-03-20", "close": 6.15, "volume": 53700, "typical_volume": 16599.7, "trend": 6.170234, "fair_value": 5.702443, "relative_strength": -16.339001, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 14.6514, "energy": 9.916332, "activity_lines": [ 6.202928, 6.193365, 6.170358, 6.169947 ] }, { "date": "2026-03-27", "close": 6.3, "volume": 5900, "typical_volume": 15934.7, "trend": 6.173381, "fair_value": 5.717055, "relative_strength": -16.327196, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 52.871755, "energy": 25.153684, "activity_lines": [ 6.23399, 6.216229, 6.182916, 6.178319 ] }, { "date": "2026-04-03", "close": 6.23, "volume": 4500, "typical_volume": 15014.7, "trend": 6.177117, "fair_value": 5.732013, "relative_strength": -19.527393, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 44.252714, "energy": 21.652242, "activity_lines": [ 6.234319, 6.222914, 6.18822, 6.181972 ] }, { "date": "2026-04-10", "close": 6.26, "volume": 9000, "typical_volume": 13264.7, "trend": 6.178605, "fair_value": 5.747064, "relative_strength": -22.37673, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 45.840977, "energy": 21.756425, "activity_lines": [ 6.245198, 6.232875, 6.196466, 6.187319 ] }, { "date": "2026-04-17", "close": 6.31, "volume": 10700, "typical_volume": 12619.7, "trend": 6.184683, "fair_value": 5.762186, "relative_strength": -20.576436, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 51.999032, "energy": 34.89953, "activity_lines": [ 6.268667, 6.248843, 6.209136, 6.195796 ] }, { "date": "2026-04-24", "close": 6.31, "volume": 1500, "typical_volume": 10684.7, "trend": 6.189137, "fair_value": 5.775191, "relative_strength": -18.034469, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 50.529864, "energy": 33.384627, "activity_lines": [ 6.288667, 6.262253, 6.221559, 6.203881 ] }, { "date": "2026-05-01", "close": 6.24, "volume": 2200, "typical_volume": 10669.7, "trend": 6.191258, "fair_value": 5.788459, "relative_strength": -16.993789, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.122299, "energy": 28.074253, "activity_lines": [ 6.274667, 6.261452, 6.226926, 6.207163 ] }, { "date": "2026-05-08", "close": 6.21, "volume": 2500, "typical_volume": 10315.0, "trend": 6.19043, "fair_value": 5.799703, "relative_strength": -15.512637, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.645809, "energy": 20.782994, "activity_lines": [ 6.254667, 6.254269, 6.229099, 6.208372 ] }, { "date": "2026-05-15", "close": 6.18, "volume": 14200, "typical_volume": 10785.0, "trend": 6.1912, "fair_value": 5.807189, "relative_strength": -12.246663, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.496678, "energy": 11.861443, "activity_lines": [ 6.226, 6.242145, 6.226998, 6.207699 ] }, { "date": "2026-05-22", "close": 5.83, "volume": 43800, "typical_volume": 12795.0, "trend": 6.180628, "fair_value": 5.815284, "relative_strength": -16.226606, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -30.274354, "energy": 26.031122, "activity_lines": [ 6.086, 6.166727, 6.191606, 6.184396 ] }, { "date": "2026-05-29", "close": 5.88, "volume": 4900, "typical_volume": 12740.0, "trend": 6.170424, "fair_value": 5.822935, "relative_strength": -13.80587, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "down", "direction": -63.459623, "energy": 55.368993, "activity_lines": [ 5.994667, 6.108182, 6.16231, 6.165 ] }, { "date": "2026-06-05", "close": 5.97, "volume": 200, "typical_volume": 12585.0, "trend": 6.163545, "fair_value": 5.831621, "relative_strength": -9.518094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.872964, "energy": 58.449164, "activity_lines": [ 5.962, 6.070909, 6.142822, 6.15207 ] }, { "date": "2026-06-12", "close": 5.89, "volume": 700, "typical_volume": 11700.0, "trend": 6.151608, "fair_value": 5.840813, "relative_strength": -11.309344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.824452, "energy": 64.521591, "activity_lines": [ 5.920667, 6.025091, 6.116382, 6.134422 ] }, { "date": "2026-06-19", "close": 5.95, "volume": 0, "typical_volume": 10560.0, "trend": 6.143642, "fair_value": 5.849728, "relative_strength": -8.557166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.136794, "energy": 67.63237, "activity_lines": [ 5.920667, 5.996364, 6.096705, 6.121415 ] }, { "date": "2026-06-26", "close": 5.97, "volume": 2300, "typical_volume": 10285.0, "trend": 6.134042, "fair_value": 5.858771, "relative_strength": -10.251555, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.969631, "energy": 52.883392, "activity_lines": [ 5.942667, 5.976909, 6.079602, 6.110212 ] }, { "date": "2026-07-03", "close": 5.9, "volume": 0, "typical_volume": 9915.0, "trend": 6.123096, "fair_value": 5.866703, "relative_strength": -11.323534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.542324, "energy": 51.718954, "activity_lines": [ 5.932, 5.950909, 6.056781, 6.095113 ] }, { "date": "2026-07-10", "close": 5.85, "volume": 8100, "typical_volume": 10245.0, "trend": 6.112453, "fair_value": 5.874722, "relative_strength": -13.29751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.828432, "energy": 53.198959, "activity_lines": [ 5.903333, 5.923273, 6.030761, 6.077494 ] }, { "date": "2026-07-17", "close": 5.79, "volume": 10500, "typical_volume": 10325.0, "trend": 6.108377, "fair_value": 5.881542, "relative_strength": -11.559442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.193592, "energy": 54.793738, "activity_lines": [ 5.862667, 5.891818, 6.000642, 6.05669 ] }, { "date": "2026-07-24", "close": 5.8, "volume": 3000, "typical_volume": 9580.0, "trend": 6.095411, "fair_value": 5.890309, "relative_strength": -10.995092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.614884, "energy": 65.602978, "activity_lines": [ 5.832, 5.869818, 5.973609, 6.036795 ] }, { "date": "2026-07-31", "close": 5.82, "volume": 1900, "typical_volume": 8980.0, "trend": 6.085739, "fair_value": 5.898747, "relative_strength": -12.136635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.44442, "energy": 64.214609, "activity_lines": [ 5.818, 5.858364, 5.950381, 6.019026 ] }, { "date": "2026-08-07", "close": 5.82, "volume": 6100, "typical_volume": 6600.0, "trend": 6.075082, "fair_value": 5.905505, "relative_strength": -8.783289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.415876, "energy": 56.359352, "activity_lines": [ 5.814, 5.847091, 5.929238, 6.001882 ] } ], "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." } } }