{
  "ticker": {
    "uuid": "b78ce76d-4d84-45bf-bb7a-0d3a901b05eb",
    "symbol": "RPH",
    "name": "Ratchaphruek Hospital Public Company Limited",
    "exchange": "SET",
    "country": "TH",
    "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": "^SET.BK",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 69.638,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 65.836,
    "architecture_energy": 59.288,
    "architecture_maturity": 28.505,
    "architecture_confidence": 71.459,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 7.36,
        "rotation_up": 61.26,
        "upward_expansion": 84.03,
        "deceleration": 52.37,
        "rotation_down": 19.18,
        "downward_expansion": 10.7
      },
      "activity_lines": [
        4.990667,
        4.972364,
        4.935137,
        4.903083
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 0.666667
    },
    "latest_close": 5.0,
    "trend_reference": 4.861243,
    "distance_from_trend": 0.028544,
    "trend_direction": "Improving",
    "fair_value": 5.091122,
    "distance_from_fair_value": -0.017898,
    "fair_value_direction": "Improving",
    "relative_strength": -10.422214,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.054212,
    "excess_performance": -0.138113,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.028544,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.015638,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.017898,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.023034,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.104222,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.017481,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.054212,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.778869,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 478400,
      "relative_activity": 0.982866,
      "balance": 0.778869,
      "dry_up": 1.33069,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.012154,
      "annualized_volatility": 0.093686,
      "from_high_reference": -0.012053,
      "from_low_reference": 0.15775
    },
    "levels": {
      "trend_reference": 4.861243,
      "fair_value_reference": 5.091122,
      "structural_low": 4.68504,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.0,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.411765,
        "median_excess_return": -0.01458,
        "regime_survival": 0.705882,
        "best_return": 0.133333,
        "worst_return": -0.137255,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.018513,
        "positive_rate": 0.142857,
        "directional_follow_through": 0.142857,
        "median_excess_return": -0.025008,
        "regime_survival": 0.571429,
        "best_return": 0.136,
        "worst_return": -0.109549,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.031728,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.004103,
        "regime_survival": 0.25,
        "best_return": 0.063511,
        "worst_return": -0.094831,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.053238,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.006318,
        "regime_survival": 0.0,
        "best_return": -0.04302,
        "worst_return": -0.063457,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-27",
        "end": "2023-11-24",
        "tenure": "Developing",
        "return": 0.024,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-01",
        "end": "2024-03-01",
        "tenure": "Established",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-08",
        "end": "2024-03-29",
        "tenure": "New",
        "return": -0.03125,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-04-05",
        "end": "2024-09-20",
        "tenure": "Established",
        "return": 0.016795,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-27",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.034188,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-04-25",
        "tenure": "Established",
        "return": -0.009009,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": -0.082569,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-04",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.016327,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-12-12",
        "tenure": "Established",
        "return": -0.02008,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-19",
        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.016393,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": 0.012195,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-20",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.046154,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": 0.037344,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.02459,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 5.205302,
        "volume": 3611500,
        "typical_volume": 2170610.0,
        "trend": 5.149136,
        "fair_value": 4.794783,
        "relative_strength": 6.08007,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 18.031657,
        "energy": 26.005998,
        "activity_lines": [
          5.196769,
          5.171945,
          5.154305,
          5.145349
        ]
      },
      {
        "date": "2023-08-25",
        "close": 5.431242,
        "volume": 2717100,
        "typical_volume": 2230975.0,
        "trend": 5.153998,
        "fair_value": 4.804163,
        "relative_strength": 7.679734,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 75.108785,
        "energy": 66.432484,
        "activity_lines": [
          5.280615,
          5.220782,
          5.182528,
          5.163549
        ]
      },
      {
        "date": "2023-09-01",
        "close": 5.561592,
        "volume": 3216400,
        "typical_volume": 2307865.0,
        "trend": 5.164592,
        "fair_value": 4.81462,
        "relative_strength": 10.040109,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.095114,
        "energy": 79.6754,
        "activity_lines": [
          5.390005,
          5.288436,
          5.221683,
          5.189845
        ]
      },
      {
        "date": "2023-09-08",
        "close": 5.605042,
        "volume": 1605200,
        "typical_volume": 2292670.0,
        "trend": 5.176634,
        "fair_value": 4.825599,
        "relative_strength": 11.676767,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.309588,
        "energy": 85.465911,
        "activity_lines": [
          5.484436,
          5.356736,
          5.262873,
          5.218262
        ]
      },
      {
        "date": "2023-09-15",
        "close": 5.648491,
        "volume": 2166800,
        "typical_volume": 2256990.0,
        "trend": 5.191512,
        "fair_value": 4.83516,
        "relative_strength": 12.636317,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.015585,
        "energy": 89.08695,
        "activity_lines": [
          5.561012,
          5.424892,
          5.305688,
          5.248704
        ]
      },
      {
        "date": "2023-09-22",
        "close": 5.691941,
        "volume": 2668900,
        "typical_volume": 2342025.0,
        "trend": 5.206451,
        "fair_value": 4.845969,
        "relative_strength": 14.52751,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.963761,
        "energy": 89.544175,
        "activity_lines": [
          5.628215,
          5.492114,
          5.349515,
          5.28099
        ]
      },
      {
        "date": "2023-09-29",
        "close": 5.605042,
        "volume": 2298600,
        "typical_volume": 2373915.0,
        "trend": 5.224042,
        "fair_value": 4.856463,
        "relative_strength": 16.278903,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.673079,
        "energy": 81.109972,
        "activity_lines": [
          5.634008,
          5.532362,
          5.382139,
          5.306705
        ]
      },
      {
        "date": "2023-10-06",
        "close": 5.518141,
        "volume": 2466100,
        "typical_volume": 2355540.0,
        "trend": 5.238737,
        "fair_value": 4.8664,
        "relative_strength": 16.656771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.729337,
        "energy": 56.709647,
        "activity_lines": [
          5.599248,
          5.548765,
          5.403973,
          5.325679
        ]
      },
      {
        "date": "2023-10-13",
        "close": 5.561592,
        "volume": 896500,
        "typical_volume": 2287935.0,
        "trend": 5.253458,
        "fair_value": 4.8771,
        "relative_strength": 16.184051,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.660521,
        "energy": 48.145938,
        "activity_lines": [
          5.581868,
          5.565829,
          5.42805,
          5.346509
        ]
      },
      {
        "date": "2023-10-20",
        "close": 5.474692,
        "volume": 1912300,
        "typical_volume": 2276485.0,
        "trend": 5.265282,
        "fair_value": 4.886759,
        "relative_strength": 18.09088,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.025168,
        "energy": 32.051669,
        "activity_lines": [
          5.538418,
          5.559064,
          5.44195,
          5.360782
        ]
      },
      {
        "date": "2023-10-27",
        "close": 5.431242,
        "volume": 1590200,
        "typical_volume": 2236910.0,
        "trend": 5.274235,
        "fair_value": 4.896138,
        "relative_strength": 17.579485,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.250751,
        "energy": 21.305383,
        "activity_lines": [
          5.492072,
          5.541052,
          5.450024,
          5.371489
        ]
      },
      {
        "date": "2023-11-03",
        "close": 5.561592,
        "volume": 1948000,
        "typical_volume": 2167775.0,
        "trend": 5.288956,
        "fair_value": 4.906112,
        "relative_strength": 17.188859,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.245194,
        "energy": 21.999867,
        "activity_lines": [
          5.506555,
          5.542632,
          5.469435,
          5.390028
        ]
      },
      {
        "date": "2023-11-10",
        "close": 5.605042,
        "volume": 3992300,
        "typical_volume": 2260260.0,
        "trend": 5.305125,
        "fair_value": 4.915879,
        "relative_strength": 19.991465,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.861571,
        "energy": 25.270935,
        "activity_lines": [
          5.538419,
          5.549742,
          5.491085,
          5.410421
        ]
      },
      {
        "date": "2023-11-17",
        "close": 5.518141,
        "volume": 2814200,
        "typical_volume": 2274125.0,
        "trend": 5.31982,
        "fair_value": 4.922667,
        "relative_strength": 15.40949,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.086668,
        "energy": 22.660663,
        "activity_lines": [
          5.535522,
          5.540262,
          5.502353,
          5.424164
        ]
      },
      {
        "date": "2023-11-24",
        "close": 5.561592,
        "volume": 1474600,
        "typical_volume": 2248010.0,
        "trend": 5.338807,
        "fair_value": 4.929249,
        "relative_strength": 17.245641,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.491236,
        "energy": 31.106494,
        "activity_lines": [
          5.550005,
          5.540262,
          5.516065,
          5.439762
        ]
      },
      {
        "date": "2023-12-01",
        "close": 5.561592,
        "volume": 1637800,
        "typical_volume": 2258975.0,
        "trend": 5.35495,
        "fair_value": 4.937284,
        "relative_strength": 18.073464,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.173369,
        "energy": 30.714276,
        "activity_lines": [
          5.558695,
          5.541842,
          5.527877,
          5.454135
        ]
      },
      {
        "date": "2023-12-08",
        "close": 5.561592,
        "volume": 799500,
        "typical_volume": 2214045.0,
        "trend": 5.371093,
        "fair_value": 4.944835,
        "relative_strength": 17.403469,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.730772,
        "energy": 27.825469,
        "activity_lines": [
          5.558695,
          5.545792,
          5.537384,
          5.467467
        ]
      },
      {
        "date": "2023-12-15",
        "close": 5.561592,
        "volume": 733800,
        "typical_volume": 2196710.0,
        "trend": 5.385814,
        "fair_value": 4.952385,
        "relative_strength": 15.962187,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.543701,
        "energy": 28.018695,
        "activity_lines": [
          5.558695,
          5.550532,
          5.544991,
          5.479757
        ]
      },
      {
        "date": "2023-12-22",
        "close": 5.605042,
        "volume": 807100,
        "typical_volume": 2183365.0,
        "trend": 5.400561,
        "fair_value": 4.961184,
        "relative_strength": 15.103314,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.360781,
        "energy": 30.726759,
        "activity_lines": [
          5.576075,
          5.562382,
          5.554632,
          5.493901
        ]
      },
      {
        "date": "2023-12-29",
        "close": 5.561592,
        "volume": 1141600,
        "typical_volume": 2024925.0,
        "trend": 5.415282,
        "fair_value": 4.969946,
        "relative_strength": 12.773436,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.136986,
        "energy": 27.735261,
        "activity_lines": [
          5.573179,
          5.565542,
          5.557826,
          5.50429
        ]
      },
      {
        "date": "2024-01-05",
        "close": 5.648491,
        "volume": 709300,
        "typical_volume": 1879815.0,
        "trend": 5.430055,
        "fair_value": 4.979507,
        "relative_strength": 13.004229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.067831,
        "energy": 34.164941,
        "activity_lines": [
          5.599248,
          5.582922,
          5.568006,
          5.519336
        ]
      },
      {
        "date": "2024-01-12",
        "close": 5.648491,
        "volume": 962000,
        "typical_volume": 1792060.0,
        "trend": 5.44625,
        "fair_value": 4.989795,
        "relative_strength": 13.59449,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.780156,
        "energy": 41.34891,
        "activity_lines": [
          5.619525,
          5.596352,
          5.576075,
          5.533428
        ]
      },
      {
        "date": "2024-01-19",
        "close": 5.648491,
        "volume": 842200,
        "typical_volume": 1673350.0,
        "trend": 5.462445,
        "fair_value": 5.000325,
        "relative_strength": 15.53738,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.762874,
        "energy": 40.126957,
        "activity_lines": [
          5.634008,
          5.608201,
          5.58311,
          5.546476
        ]
      },
      {
        "date": "2024-01-26",
        "close": 5.648491,
        "volume": 1325500,
        "typical_volume": 1659365.0,
        "trend": 5.47864,
        "fair_value": 5.010614,
        "relative_strength": 16.12804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.67538,
        "energy": 45.203124,
        "activity_lines": [
          5.642698,
          5.619261,
          5.589731,
          5.558479
        ]
      },
      {
        "date": "2024-02-02",
        "close": 5.605042,
        "volume": 738900,
        "typical_volume": 1587970.0,
        "trend": 5.493387,
        "fair_value": 5.020623,
        "relative_strength": 13.3299,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.382231,
        "energy": 33.585526,
        "activity_lines": [
          5.634008,
          5.620051,
          5.592007,
          5.566634
        ]
      },
      {
        "date": "2024-02-09",
        "close": 5.648491,
        "volume": 897100,
        "typical_volume": 1499380.0,
        "trend": 5.512427,
        "fair_value": 5.030911,
        "relative_strength": 13.295648,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.729901,
        "energy": 33.465349,
        "activity_lines": [
          5.636905,
          5.627951,
          5.598627,
          5.576641
        ]
      },
      {
        "date": "2024-02-16",
        "close": 5.605042,
        "volume": 1187800,
        "typical_volume": 1443840.0,
        "trend": 5.527174,
        "fair_value": 5.040436,
        "relative_strength": 12.058201,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.130283,
        "energy": 23.895186,
        "activity_lines": [
          5.625318,
          5.626371,
          5.601317,
          5.582616
        ]
      },
      {
        "date": "2024-02-23",
        "close": 5.605042,
        "volume": 2024000,
        "typical_volume": 1421735.0,
        "trend": 5.543343,
        "fair_value": 5.049477,
        "relative_strength": 10.63523,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 36.580376,
        "energy": 18.177604,
        "activity_lines": [
          5.616628,
          5.624002,
          5.604007,
          5.58764
        ]
      },
      {
        "date": "2024-03-01",
        "close": 5.561592,
        "volume": 1406500,
        "typical_volume": 1447235.0,
        "trend": 5.558063,
        "fair_value": 5.058965,
        "relative_strength": 11.70582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.519246,
        "energy": 11.26352,
        "activity_lines": [
          5.596352,
          5.612942,
          5.602145,
          5.588817
        ]
      },
      {
        "date": "2024-03-08",
        "close": 5.561592,
        "volume": 802000,
        "typical_volume": 1391720.0,
        "trend": 5.567095,
        "fair_value": 5.068697,
        "relative_strength": 9.689775,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.913262,
        "energy": 13.652739,
        "activity_lines": [
          5.581869,
          5.602672,
          5.600283,
          5.589045
        ]
      },
      {
        "date": "2024-03-15",
        "close": 5.561592,
        "volume": 1095500,
        "typical_volume": 1366985.0,
        "trend": 5.578972,
        "fair_value": 5.077701,
        "relative_strength": 9.295558,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.007646,
        "energy": 13.897581,
        "activity_lines": [
          5.570282,
          5.592402,
          5.598007,
          5.58869
        ]
      },
      {
        "date": "2024-03-22",
        "close": 5.431242,
        "volume": 1786400,
        "typical_volume": 1358905.0,
        "trend": 5.578972,
        "fair_value": 5.086112,
        "relative_strength": 6.719914,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -37.554499,
        "energy": 41.275502,
        "activity_lines": [
          5.521039,
          5.560012,
          5.582696,
          5.579159
        ]
      },
      {
        "date": "2024-03-29",
        "close": 5.387791,
        "volume": 891500,
        "typical_volume": 1203865.0,
        "trend": 5.573178,
        "fair_value": 5.094002,
        "relative_strength": 5.717152,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -78.01513,
        "energy": 71.181631,
        "activity_lines": [
          5.468898,
          5.523672,
          5.563868,
          5.566824
        ]
      },
      {
        "date": "2024-04-05",
        "close": 5.257442,
        "volume": 1596300,
        "typical_volume": 1142970.0,
        "trend": 5.561592,
        "fair_value": 5.10033,
        "relative_strength": 3.028198,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -89.04826,
        "energy": 85.193886,
        "activity_lines": [
          5.387792,
          5.468372,
          5.53366,
          5.546454
        ]
      },
      {
        "date": "2024-04-12",
        "close": 5.300892,
        "volume": 1336200,
        "typical_volume": 1136050.0,
        "trend": 5.550005,
        "fair_value": 5.107663,
        "relative_strength": 2.024781,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.803698,
        "energy": 85.090087,
        "activity_lines": [
          5.341445,
          5.428082,
          5.508831,
          5.529635
        ]
      },
      {
        "date": "2024-04-19",
        "close": 5.300892,
        "volume": 0,
        "typical_volume": 1054160.0,
        "trend": 5.53697,
        "fair_value": 5.115238,
        "relative_strength": 6.552333,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.258693,
        "energy": 85.602121,
        "activity_lines": [
          5.312479,
          5.393322,
          5.485244,
          5.513563
        ]
      },
      {
        "date": "2024-04-26",
        "close": 5.387791,
        "volume": 1166200,
        "typical_volume": 1072495.0,
        "trend": 5.529728,
        "fair_value": 5.122886,
        "relative_strength": 5.700979,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.713296,
        "energy": 76.220629,
        "activity_lines": [
          5.329858,
          5.380682,
          5.471174,
          5.503939
        ]
      },
      {
        "date": "2024-05-03",
        "close": 5.378827,
        "volume": 1120400,
        "typical_volume": 1091825.0,
        "trend": 5.525085,
        "fair_value": 5.130463,
        "relative_strength": 4.426824,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.426694,
        "energy": 49.571012,
        "activity_lines": [
          5.347147,
          5.370362,
          5.457079,
          5.494203
        ]
      },
      {
        "date": "2024-05-10",
        "close": 5.423651,
        "volume": 260800,
        "typical_volume": 1064510.0,
        "trend": 5.520487,
        "fair_value": 5.140055,
        "relative_strength": 4.769172,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.145343,
        "energy": 33.776006,
        "activity_lines": [
          5.379974,
          5.372305,
          5.448122,
          5.487659
        ]
      },
      {
        "date": "2024-05-17",
        "close": 5.423651,
        "volume": 1202400,
        "typical_volume": 1067550.0,
        "trend": 5.518785,
        "fair_value": 5.15014,
        "relative_strength": 3.66557,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.566948,
        "energy": 22.755455,
        "activity_lines": [
          5.401721,
          5.376755,
          5.44003,
          5.481412
        ]
      },
      {
        "date": "2024-05-24",
        "close": 5.378827,
        "volume": 685600,
        "typical_volume": 1066365.0,
        "trend": 5.517038,
        "fair_value": 5.159691,
        "relative_strength": 3.879408,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.518589,
        "energy": 21.686025,
        "activity_lines": [
          5.400342,
          5.375565,
          5.428325,
          5.472382
        ]
      },
      {
        "date": "2024-05-31",
        "close": 5.334003,
        "volume": 1238900,
        "typical_volume": 1080210.0,
        "trend": 5.509452,
        "fair_value": 5.168708,
        "relative_strength": 4.127242,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.066008,
        "energy": 27.456997,
        "activity_lines": [
          5.378827,
          5.369547,
          5.413635,
          5.460573
        ]
      },
      {
        "date": "2024-06-07",
        "close": 5.334003,
        "volume": 943500,
        "typical_volume": 1085275.0,
        "trend": 5.500417,
        "fair_value": 5.177232,
        "relative_strength": 4.789917,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.545463,
        "energy": 35.403094,
        "activity_lines": [
          5.360897,
          5.365297,
          5.400443,
          5.449254
        ]
      },
      {
        "date": "2024-06-14",
        "close": 5.289179,
        "volume": 2479100,
        "typical_volume": 1142955.0,
        "trend": 5.492785,
        "fair_value": 5.185715,
        "relative_strength": 5.599254,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.372727,
        "energy": 43.456957,
        "activity_lines": [
          5.331015,
          5.353875,
          5.38448,
          5.435626
        ]
      },
      {
        "date": "2024-06-21",
        "close": 5.199533,
        "volume": 1440200,
        "typical_volume": 1178020.0,
        "trend": 5.480716,
        "fair_value": 5.194117,
        "relative_strength": 3.535263,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.798986,
        "energy": 71.216907,
        "activity_lines": [
          5.280215,
          5.325577,
          5.36169,
          5.416706
        ]
      },
      {
        "date": "2024-06-28",
        "close": 5.334003,
        "volume": 760600,
        "typical_volume": 1171195.0,
        "trend": 5.47313,
        "fair_value": 5.20264,
        "relative_strength": 6.303983,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.740104,
        "energy": 55.411017,
        "activity_lines": [
          5.28918,
          5.323572,
          5.353637,
          5.407241
        ]
      },
      {
        "date": "2024-07-05",
        "close": 5.289179,
        "volume": 493900,
        "typical_volume": 1136500.0,
        "trend": 5.46405,
        "fair_value": 5.208408,
        "relative_strength": 4.229412,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.086807,
        "energy": 51.745779,
        "activity_lines": [
          5.286191,
          5.312814,
          5.342813,
          5.395373
        ]
      },
      {
        "date": "2024-07-12",
        "close": 5.334003,
        "volume": 343600,
        "typical_volume": 1052480.0,
        "trend": 5.456463,
        "fair_value": 5.21397,
        "relative_strength": 3.192191,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.562031,
        "energy": 36.906205,
        "activity_lines": [
          5.301132,
          5.311999,
          5.337763,
          5.386983
        ]
      },
      {
        "date": "2024-07-19",
        "close": 5.244356,
        "volume": 721300,
        "typical_volume": 1018220.0,
        "trend": 5.44444,
        "fair_value": 5.213774,
        "relative_strength": 2.298537,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.100846,
        "energy": 34.567544,
        "activity_lines": [
          5.286191,
          5.295699,
          5.325465,
          5.373299
        ]
      },
      {
        "date": "2024-07-26",
        "close": 5.199533,
        "volume": 1781700,
        "typical_volume": 1067205.0,
        "trend": 5.432372,
        "fair_value": 5.213291,
        "relative_strength": 1.8625,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.488478,
        "energy": 43.006153,
        "activity_lines": [
          5.259297,
          5.27451,
          5.310409,
          5.357498
        ]
      },
      {
        "date": "2024-08-02",
        "close": 5.199533,
        "volume": 748200,
        "typical_volume": 1049840.0,
        "trend": 5.417407,
        "fair_value": 5.211573,
        "relative_strength": 1.101209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.70675,
        "energy": 44.652032,
        "activity_lines": [
          5.232403,
          5.257396,
          5.297076,
          5.342476
        ]
      },
      {
        "date": "2024-08-09",
        "close": 5.154709,
        "volume": 1120400,
        "typical_volume": 1016540.0,
        "trend": 5.400947,
        "fair_value": 5.214751,
        "relative_strength": 1.204519,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.60232,
        "energy": 63.616134,
        "activity_lines": [
          5.199533,
          5.235391,
          5.2812,
          5.325528
        ]
      },
      {
        "date": "2024-08-16",
        "close": 5.154709,
        "volume": 1716900,
        "typical_volume": 1057810.0,
        "trend": 5.384488,
        "fair_value": 5.217436,
        "relative_strength": 0.483362,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.659568,
        "energy": 66.295241,
        "activity_lines": [
          5.175627,
          5.216647,
          5.266639,
          5.309642
        ]
      },
      {
        "date": "2024-08-23",
        "close": 5.199533,
        "volume": 1421000,
        "typical_volume": 1049045.0,
        "trend": 5.369523,
        "fair_value": 5.219413,
        "relative_strength": -2.692698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.539121,
        "energy": 52.66947,
        "activity_lines": [
          5.178615,
          5.209312,
          5.257458,
          5.297709
        ]
      },
      {
        "date": "2024-08-30",
        "close": 5.208671,
        "volume": 1544400,
        "typical_volume": 1059455.0,
        "trend": 5.35631,
        "fair_value": 5.221946,
        "relative_strength": -2.951095,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.596097,
        "energy": 39.687795,
        "activity_lines": [
          5.187638,
          5.205269,
          5.249423,
          5.287332
        ]
      },
      {
        "date": "2024-09-06",
        "close": 5.300051,
        "volume": 1638900,
        "typical_volume": 1141400.0,
        "trend": 5.344695,
        "fair_value": 5.224318,
        "relative_strength": -6.032597,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.671995,
        "energy": 21.141983,
        "activity_lines": [
          5.226511,
          5.217674,
          5.25053,
          5.283702
        ]
      },
      {
        "date": "2024-09-13",
        "close": 5.254361,
        "volume": 1498000,
        "typical_volume": 1157990.0,
        "trend": 5.333006,
        "fair_value": 5.226646,
        "relative_strength": -6.64184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.051791,
        "energy": 16.824891,
        "activity_lines": [
          5.243453,
          5.222389,
          5.247289,
          5.277874
        ]
      },
      {
        "date": "2024-09-20",
        "close": 5.345741,
        "volume": 1199500,
        "typical_volume": 1161945.0,
        "trend": 5.324363,
        "fair_value": 5.229809,
        "relative_strength": -6.779052,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.446813,
        "energy": 13.982377,
        "activity_lines": [
          5.284212,
          5.244352,
          5.253387,
          5.278696
        ]
      },
      {
        "date": "2024-09-27",
        "close": 5.345741,
        "volume": 576500,
        "typical_volume": 1177730.0,
        "trend": 5.317168,
        "fair_value": 5.233718,
        "relative_strength": -6.624187,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.491527,
        "energy": 16.086303,
        "activity_lines": [
          5.312235,
          5.266101,
          5.259642,
          5.280075
        ]
      },
      {
        "date": "2024-10-04",
        "close": 5.254361,
        "volume": 1112100,
        "typical_volume": 1173215.0,
        "trend": 5.306927,
        "fair_value": 5.236792,
        "relative_strength": -7.756425,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.241818,
        "energy": 14.757457,
        "activity_lines": [
          5.300051,
          5.269393,
          5.257566,
          5.276023
        ]
      },
      {
        "date": "2024-10-11",
        "close": 5.254361,
        "volume": 408300,
        "typical_volume": 1159350.0,
        "trend": 5.296686,
        "fair_value": 5.240116,
        "relative_strength": -9.263635,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.557843,
        "energy": 13.10516,
        "activity_lines": [
          5.284821,
          5.271687,
          5.256295,
          5.272631
        ]
      },
      {
        "date": "2024-10-18",
        "close": 5.208671,
        "volume": 623400,
        "typical_volume": 1128575.0,
        "trend": 5.289267,
        "fair_value": 5.242898,
        "relative_strength": -11.062545,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -37.914647,
        "energy": 15.967319,
        "activity_lines": [
          5.257407,
          5.264678,
          5.251266,
          5.266953
        ]
      },
      {
        "date": "2024-10-25",
        "close": 5.208671,
        "volume": 605800,
        "typical_volume": 1111690.0,
        "trend": 5.283296,
        "fair_value": 5.246177,
        "relative_strength": -9.301453,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.490948,
        "energy": 24.569092,
        "activity_lines": [
          5.233039,
          5.256687,
          5.246833,
          5.261753
        ]
      },
      {
        "date": "2024-11-01",
        "close": 5.208671,
        "volume": 1767000,
        "typical_volume": 1076085.0,
        "trend": 5.28167,
        "fair_value": 5.250203,
        "relative_strength": -9.187768,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.070381,
        "energy": 26.019427,
        "activity_lines": [
          5.217809,
          5.247715,
          5.242998,
          5.256939
        ]
      },
      {
        "date": "2024-11-08",
        "close": 5.162981,
        "volume": 655800,
        "typical_volume": 1036865.0,
        "trend": 5.277073,
        "fair_value": 5.252941,
        "relative_strength": -9.791045,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.855401,
        "energy": 44.473813,
        "activity_lines": [
          5.196487,
          5.23027,
          5.235194,
          5.249281
        ]
      },
      {
        "date": "2024-11-15",
        "close": 5.0716,
        "volume": 1144100,
        "typical_volume": 1056040.0,
        "trend": 5.26943,
        "fair_value": 5.255341,
        "relative_strength": -9.863176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.208722,
        "energy": 63.028502,
        "activity_lines": [
          5.150797,
          5.197041,
          5.218861,
          5.236025
        ]
      },
      {
        "date": "2024-11-22",
        "close": 5.0716,
        "volume": 1035200,
        "typical_volume": 1083105.0,
        "trend": 5.25889,
        "fair_value": 5.257493,
        "relative_strength": -9.881607,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.689557,
        "energy": 67.183153,
        "activity_lines": [
          5.11729,
          5.167965,
          5.203778,
          5.223262
        ]
      },
      {
        "date": "2024-11-29",
        "close": 4.98022,
        "volume": 895700,
        "typical_volume": 1110710.0,
        "trend": 5.245604,
        "fair_value": 5.259557,
        "relative_strength": -10.102237,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.715222,
        "energy": 78.315136,
        "activity_lines": [
          5.062462,
          5.125598,
          5.181029,
          5.205283
        ]
      },
      {
        "date": "2024-12-06",
        "close": 4.98022,
        "volume": 13902300,
        "typical_volume": 1769760.0,
        "trend": 5.230823,
        "fair_value": 5.26187,
        "relative_strength": -11.351822,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.213833,
        "energy": 79.691893,
        "activity_lines": [
          5.022864,
          5.089876,
          5.159964,
          5.188162
        ]
      },
      {
        "date": "2024-12-13",
        "close": 4.98022,
        "volume": 3975100,
        "typical_volume": 1879430.0,
        "trend": 5.216041,
        "fair_value": 5.26468,
        "relative_strength": -9.862714,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.704666,
        "energy": 78.617835,
        "activity_lines": [
          4.998496,
          5.060801,
          5.140156,
          5.171994
        ]
      },
      {
        "date": "2024-12-20",
        "close": 4.93453,
        "volume": 2034400,
        "typical_volume": 1943740.0,
        "trend": 5.201232,
        "fair_value": 5.266451,
        "relative_strength": -6.157312,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.957338,
        "energy": 80.430128,
        "activity_lines": [
          4.971082,
          5.028402,
          5.117042,
          5.153832
        ]
      },
      {
        "date": "2024-12-27",
        "close": 5.02591,
        "volume": 4323600,
        "typical_volume": 2103900.0,
        "trend": 5.190962,
        "fair_value": 5.26831,
        "relative_strength": -6.742132,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.841512,
        "energy": 60.977111,
        "activity_lines": [
          4.983266,
          5.018434,
          5.103892,
          5.142521
        ]
      },
      {
        "date": "2025-01-03",
        "close": 5.162981,
        "volume": 1377200,
        "typical_volume": 2086915.0,
        "trend": 5.185261,
        "fair_value": 5.27055,
        "relative_strength": -2.933085,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.580913,
        "energy": 30.583419,
        "activity_lines": [
          5.044186,
          5.03671,
          5.10441,
          5.140715
        ]
      },
      {
        "date": "2025-01-10",
        "close": 5.11729,
        "volume": 1777600,
        "typical_volume": 2104745.0,
        "trend": 5.179531,
        "fair_value": 5.272497,
        "relative_strength": -2.488071,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.707096,
        "energy": 19.112151,
        "activity_lines": [
          5.077692,
          5.047509,
          5.100537,
          5.13633
        ]
      },
      {
        "date": "2025-01-17",
        "close": 5.02591,
        "volume": 2183500,
        "typical_volume": 2136700.0,
        "trend": 5.173744,
        "fair_value": 5.274356,
        "relative_strength": -2.109579,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.188168,
        "energy": 21.457303,
        "activity_lines": [
          5.0716,
          5.043355,
          5.088353,
          5.126419
        ]
      },
      {
        "date": "2025-01-24",
        "close": 4.98022,
        "volume": 1834800,
        "typical_volume": 2146495.0,
        "trend": 5.161951,
        "fair_value": 5.275674,
        "relative_strength": -3.744483,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.476675,
        "energy": 21.684826,
        "activity_lines": [
          5.047232,
          5.033387,
          5.072688,
          5.113934
        ]
      },
      {
        "date": "2025-01-31",
        "close": 4.93453,
        "volume": 1310200,
        "typical_volume": 2137105.0,
        "trend": 5.15013,
        "fair_value": 5.277196,
        "relative_strength": -1.610155,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.121014,
        "energy": 35.964346,
        "activity_lines": [
          5.004588,
          5.016772,
          5.054195,
          5.099261
        ]
      },
      {
        "date": "2025-02-07",
        "close": 4.93453,
        "volume": 2531300,
        "typical_volume": 2203695.0,
        "trend": 5.136814,
        "fair_value": 5.277971,
        "relative_strength": 0.988837,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.943702,
        "energy": 50.743345,
        "activity_lines": [
          4.968036,
          5.00265,
          5.037224,
          5.085352
        ]
      },
      {
        "date": "2025-02-14",
        "close": 4.88884,
        "volume": 785900,
        "typical_volume": 2214165.0,
        "trend": 5.124963,
        "fair_value": 5.278454,
        "relative_strength": 0.941429,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.584907,
        "energy": 63.5454,
        "activity_lines": [
          4.931484,
          4.981051,
          5.01786,
          5.069353
        ]
      },
      {
        "date": "2025-02-21",
        "close": 4.88884,
        "volume": 2953300,
        "typical_volume": 2306225.0,
        "trend": 5.114607,
        "fair_value": 5.276697,
        "relative_strength": 3.083245,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.897278,
        "energy": 62.565842,
        "activity_lines": [
          4.910162,
          4.961113,
          5.000672,
          5.05412
        ]
      },
      {
        "date": "2025-02-28",
        "close": 4.88884,
        "volume": 2990100,
        "typical_volume": 2435315.0,
        "trend": 5.10425,
        "fair_value": 5.275687,
        "relative_strength": 6.725083,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.372174,
        "energy": 53.494421,
        "activity_lines": [
          4.897978,
          4.942837,
          4.985224,
          5.039554
        ]
      },
      {
        "date": "2025-03-07",
        "close": 4.93453,
        "volume": 1771800,
        "typical_volume": 2492735.0,
        "trend": 5.096911,
        "fair_value": 5.274959,
        "relative_strength": 7.822913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.487309,
        "energy": 38.108387,
        "activity_lines": [
          4.907116,
          4.933699,
          4.975869,
          5.028604
        ]
      },
      {
        "date": "2025-03-14",
        "close": 4.93453,
        "volume": 1825200,
        "typical_volume": 2553705.0,
        "trend": 5.089572,
        "fair_value": 5.273455,
        "relative_strength": 10.313149,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.399305,
        "energy": 31.776791,
        "activity_lines": [
          4.916254,
          4.926223,
          4.967818,
          5.018128
        ]
      },
      {
        "date": "2025-03-21",
        "close": 4.88884,
        "volume": 1386700,
        "typical_volume": 2534690.0,
        "trend": 5.079215,
        "fair_value": 5.272435,
        "relative_strength": 8.006123,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.943772,
        "energy": 31.151443,
        "activity_lines": [
          4.910162,
          4.914593,
          4.956722,
          5.005178
        ]
      },
      {
        "date": "2025-03-28",
        "close": 4.84315,
        "volume": 882600,
        "typical_volume": 2546030.0,
        "trend": 5.067031,
        "fair_value": 5.270604,
        "relative_strength": 7.898228,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.766627,
        "energy": 33.993966,
        "activity_lines": [
          4.88884,
          4.898809,
          4.942798,
          4.989948
        ]
      },
      {
        "date": "2025-04-04",
        "close": 4.88884,
        "volume": 1461800,
        "typical_volume": 2561915.0,
        "trend": 5.053324,
        "fair_value": 5.269325,
        "relative_strength": 13.480379,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.468557,
        "energy": 31.796798,
        "activity_lines": [
          4.885794,
          4.894655,
          4.934748,
          4.978451
        ]
      },
      {
        "date": "2025-04-11",
        "close": 4.79746,
        "volume": 3243200,
        "typical_volume": 2672315.0,
        "trend": 5.038094,
        "fair_value": 5.263836,
        "relative_strength": 10.766038,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.540755,
        "energy": 47.610853,
        "activity_lines": [
          4.852288,
          4.875548,
          4.918865,
          4.961944
        ]
      },
      {
        "date": "2025-04-18",
        "close": 4.84315,
        "volume": 566000,
        "typical_volume": 2655830.0,
        "trend": 5.021341,
        "fair_value": 5.26071,
        "relative_strength": 9.529917,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.141646,
        "energy": 45.371117,
        "activity_lines": [
          4.84315,
          4.867241,
          4.908639,
          4.949367
        ]
      },
      {
        "date": "2025-04-25",
        "close": 5.02591,
        "volume": 1183000,
        "typical_volume": 2019865.0,
        "trend": 5.01068,
        "fair_value": 5.259015,
        "relative_strength": 12.662372,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -23.477344,
        "energy": 14.631816,
        "activity_lines": [
          4.901024,
          4.893824,
          4.916472,
          4.949662
        ]
      },
      {
        "date": "2025-05-02",
        "close": 5.148724,
        "volume": 1678500,
        "typical_volume": 1905035.0,
        "trend": 5.007159,
        "fair_value": 5.257072,
        "relative_strength": 11.3622,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 6.963496,
        "energy": 11.612827,
        "activity_lines": [
          4.990698,
          4.940245,
          4.935783,
          4.958568
        ]
      },
      {
        "date": "2025-05-09",
        "close": 4.95978,
        "volume": 1437100,
        "typical_volume": 1875170.0,
        "trend": 4.99734,
        "fair_value": 5.253141,
        "relative_strength": 6.140608,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.128837,
        "energy": 16.217298,
        "activity_lines": [
          4.997019,
          4.947588,
          4.936298,
          4.955511
        ]
      },
      {
        "date": "2025-05-16",
        "close": 5.007016,
        "volume": 630900,
        "typical_volume": 1690535.0,
        "trend": 4.990618,
        "fair_value": 5.249772,
        "relative_strength": 8.367871,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.373386,
        "energy": 20.164156,
        "activity_lines": [
          5.014356,
          4.962228,
          4.941191,
          4.956135
        ]
      },
      {
        "date": "2025-05-23",
        "close": 4.865308,
        "volume": 2066600,
        "typical_volume": 1725005.0,
        "trend": 4.979172,
        "fair_value": 5.240834,
        "relative_strength": 6.93515,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.843459,
        "energy": 15.183112,
        "activity_lines": [
          4.970487,
          4.949786,
          4.932677,
          4.948051
        ]
      },
      {
        "date": "2025-05-30",
        "close": 4.818072,
        "volume": 1931600,
        "typical_volume": 1732705.0,
        "trend": 4.966152,
        "fair_value": 5.232112,
        "relative_strength": 8.278415,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.790069,
        "energy": 22.757053,
        "activity_lines": [
          4.909395,
          4.930014,
          4.921083,
          4.937657
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5.054252,
        "volume": 900700,
        "typical_volume": 1668565.0,
        "trend": 4.962528,
        "fair_value": 5.227751,
        "relative_strength": 14.607136,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.237234,
        "energy": 8.891043,
        "activity_lines": [
          4.940886,
          4.954471,
          4.933407,
          4.943341
        ]
      },
      {
        "date": "2025-06-13",
        "close": 4.865308,
        "volume": 1443200,
        "typical_volume": 1648985.0,
        "trend": 4.955652,
        "fair_value": 5.226062,
        "relative_strength": 11.514233,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.220284,
        "energy": 21.928332,
        "activity_lines": [
          4.915693,
          4.940736,
          4.927601,
          4.937069
        ]
      },
      {
        "date": "2025-06-20",
        "close": 4.7236,
        "volume": 894100,
        "typical_volume": 1628180.0,
        "trend": 4.944052,
        "fair_value": 5.222688,
        "relative_strength": 13.600975,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -63.563059,
        "energy": 42.311721,
        "activity_lines": [
          4.849563,
          4.901663,
          4.908847,
          4.922098
        ]
      },
      {
        "date": "2025-06-27",
        "close": 4.7236,
        "volume": 1033700,
        "typical_volume": 1553300.0,
        "trend": 4.935498,
        "fair_value": 5.218797,
        "relative_strength": 11.902945,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -61.749955,
        "energy": 49.649378,
        "activity_lines": [
          4.802327,
          4.863934,
          4.891097,
          4.907875
        ]
      },
      {
        "date": "2025-07-04",
        "close": 4.7236,
        "volume": 1412800,
        "typical_volume": 1584645.0,
        "trend": 4.926944,
        "fair_value": 5.215164,
        "relative_strength": 8.054731,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.24089,
        "energy": 59.073984,
        "activity_lines": [
          4.764538,
          4.828378,
          4.874351,
          4.894204
        ]
      },
      {
        "date": "2025-07-11",
        "close": 4.7236,
        "volume": 968000,
        "typical_volume": 1485380.0,
        "trend": 4.91839,
        "fair_value": 5.21179,
        "relative_strength": 7.829074,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.851566,
        "energy": 63.49783,
        "activity_lines": [
          4.733047,
          4.798319,
          4.858392,
          4.881085
        ]
      },
      {
        "date": "2025-07-18",
        "close": 4.7236,
        "volume": 1401600,
        "typical_volume": 1405955.0,
        "trend": 4.911359,
        "fair_value": 5.208675,
        "relative_strength": 0.225553,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.29015,
        "energy": 58.65179,
        "activity_lines": [
          4.7236,
          4.775989,
          4.84322,
          4.868518
        ]
      },
      {
        "date": "2025-07-25",
        "close": 4.7236,
        "volume": 1315100,
        "typical_volume": 1383120.0,
        "trend": 4.901282,
        "fair_value": 5.206595,
        "relative_strength": -0.597504,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.696124,
        "energy": 53.309072,
        "activity_lines": [
          4.7236,
          4.757953,
          4.828835,
          4.856405
        ]
      },
      {
        "date": "2025-08-01",
        "close": 4.7236,
        "volume": 1706100,
        "typical_volume": 1377165.0,
        "trend": 4.886636,
        "fair_value": 5.20348,
        "relative_strength": -0.65331,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.161873,
        "energy": 48.959936,
        "activity_lines": [
          4.7236,
          4.745071,
          4.815455,
          4.844942
        ]
      },
      {
        "date": "2025-08-08",
        "close": 4.770836,
        "volume": 2824400,
        "typical_volume": 1449050.0,
        "trend": 4.875087,
        "fair_value": 5.200409,
        "relative_strength": -2.818005,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.17876,
        "energy": 33.391236,
        "activity_lines": [
          4.739345,
          4.743353,
          4.807577,
          4.837471
        ]
      },
      {
        "date": "2025-08-15",
        "close": 4.7236,
        "volume": 1188900,
        "typical_volume": 1464365.0,
        "trend": 4.86501,
        "fair_value": 5.196258,
        "relative_strength": -3.709394,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.330228,
        "energy": 29.183354,
        "activity_lines": [
          4.736196,
          4.733906,
          4.795763,
          4.827697
        ]
      },
      {
        "date": "2025-08-22",
        "close": 4.704706,
        "volume": 1718400,
        "typical_volume": 1477195.0,
        "trend": 4.855826,
        "fair_value": 5.191202,
        "relative_strength": -3.593131,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.672665,
        "energy": 34.460334,
        "activity_lines": [
          4.726749,
          4.727035,
          4.782718,
          4.817355
        ]
      },
      {
        "date": "2025-08-29",
        "close": 4.78144,
        "volume": 1876000,
        "typical_volume": 1408835.0,
        "trend": 4.850723,
        "fair_value": 5.186904,
        "relative_strength": -0.707908,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.275045,
        "energy": 23.472422,
        "activity_lines": [
          4.74414,
          4.737036,
          4.777859,
          4.812556
        ]
      },
      {
        "date": "2025-09-05",
        "close": 4.78144,
        "volume": 514900,
        "typical_volume": 1406280.0,
        "trend": 4.84562,
        "fair_value": 5.183141,
        "relative_strength": -2.953504,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.988071,
        "energy": 22.361494,
        "activity_lines": [
          4.757674,
          4.745986,
          4.773075,
          4.808086
        ]
      },
      {
        "date": "2025-09-12",
        "close": 4.80072,
        "volume": 736000,
        "typical_volume": 1383930.0,
        "trend": 4.842683,
        "fair_value": 5.180034,
        "relative_strength": -4.74341,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.607771,
        "energy": 17.807751,
        "activity_lines": [
          4.773779,
          4.757389,
          4.770422,
          4.805189
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4.80072,
        "volume": 685300,
        "typical_volume": 1334270.0,
        "trend": 4.839746,
        "fair_value": 5.178261,
        "relative_strength": -4.691783,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.18711,
        "energy": 20.923242,
        "activity_lines": [
          4.787892,
          4.76739,
          4.768841,
          4.802482
        ]
      },
      {
        "date": "2025-09-26",
        "close": 4.80072,
        "volume": 1630800,
        "typical_volume": 1343955.0,
        "trend": 4.836808,
        "fair_value": 5.176488,
        "relative_strength": -3.682102,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.490519,
        "energy": 14.235626,
        "activity_lines": [
          4.796864,
          4.775989,
          4.768917,
          4.799964
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4.78144,
        "volume": 824400,
        "typical_volume": 1353630.0,
        "trend": 4.831705,
        "fair_value": 5.174858,
        "relative_strength": -5.198808,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.479517,
        "energy": 12.486694,
        "activity_lines": [
          4.793008,
          4.77968,
          4.767915,
          4.796392
        ]
      },
      {
        "date": "2025-10-10",
        "close": 4.78144,
        "volume": 682000,
        "typical_volume": 1284400.0,
        "trend": 4.826602,
        "fair_value": 5.172961,
        "relative_strength": -4.776696,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.344781,
        "energy": 10.197817,
        "activity_lines": [
          4.789152,
          4.78232,
          4.767986,
          4.793149
        ]
      },
      {
        "date": "2025-10-17",
        "close": 4.78144,
        "volume": 718400,
        "typical_volume": 1223740.0,
        "trend": 4.823022,
        "fair_value": 5.170798,
        "relative_strength": -3.973313,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.397435,
        "energy": 7.96049,
        "activity_lines": [
          4.785296,
          4.783908,
          4.768457,
          4.790235
        ]
      },
      {
        "date": "2025-10-24",
        "close": 4.76216,
        "volume": 506000,
        "typical_volume": 1204005.0,
        "trend": 4.820323,
        "fair_value": 5.168778,
        "relative_strength": -7.250924,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.461294,
        "energy": 15.380184,
        "activity_lines": [
          4.776299,
          4.781798,
          4.767266,
          4.786309
        ]
      },
      {
        "date": "2025-10-31",
        "close": 4.76216,
        "volume": 419300,
        "typical_volume": 1152810.0,
        "trend": 4.8161,
        "fair_value": 5.166758,
        "relative_strength": -6.974829,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.982665,
        "energy": 16.729627,
        "activity_lines": [
          4.769872,
          4.778986,
          4.767467,
          4.782556
        ]
      },
      {
        "date": "2025-11-07",
        "close": 4.76216,
        "volume": 641600,
        "typical_volume": 1140185.0,
        "trend": 4.814923,
        "fair_value": 5.165271,
        "relative_strength": -6.564095,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.207574,
        "energy": 18.431587,
        "activity_lines": [
          4.766016,
          4.77513,
          4.768158,
          4.779076
        ]
      },
      {
        "date": "2025-11-14",
        "close": 4.74288,
        "volume": 1332100,
        "typical_volume": 1155105.0,
        "trend": 4.811581,
        "fair_value": 5.163661,
        "relative_strength": -4.579045,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.526943,
        "energy": 23.708409,
        "activity_lines": [
          4.757019,
          4.768119,
          4.766829,
          4.774428
        ]
      },
      {
        "date": "2025-11-21",
        "close": 4.68504,
        "volume": 878200,
        "typical_volume": 1128375.0,
        "trend": 4.800219,
        "fair_value": 5.16168,
        "relative_strength": -4.732915,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.753084,
        "energy": 36.193982,
        "activity_lines": [
          4.731312,
          4.751293,
          4.759901,
          4.766264
        ]
      },
      {
        "date": "2025-11-28",
        "close": 4.7236,
        "volume": 329400,
        "typical_volume": 1096445.0,
        "trend": 4.786048,
        "fair_value": 5.159413,
        "relative_strength": -4.250701,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.538115,
        "energy": 36.463171,
        "activity_lines": [
          4.724885,
          4.743581,
          4.756828,
          4.761321
        ]
      },
      {
        "date": "2025-12-05",
        "close": 4.70432,
        "volume": 472600,
        "typical_volume": 1049995.0,
        "trend": 4.777533,
        "fair_value": 5.157289,
        "relative_strength": -6.041342,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.95709,
        "energy": 41.565615,
        "activity_lines": [
          4.714603,
          4.733766,
          4.751919,
          4.756048
        ]
      },
      {
        "date": "2025-12-12",
        "close": 4.70432,
        "volume": 195200,
        "typical_volume": 994000.0,
        "trend": 4.767443,
        "fair_value": 5.155431,
        "relative_strength": -4.69472,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -54.876194,
        "energy": 39.404737,
        "activity_lines": [
          4.708176,
          4.725703,
          4.747101,
          4.751325
        ]
      },
      {
        "date": "2025-12-19",
        "close": 4.70432,
        "volume": 596200,
        "typical_volume": 938505.0,
        "trend": 4.762076,
        "fair_value": 5.153841,
        "relative_strength": -4.615533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.040121,
        "energy": 31.58412,
        "activity_lines": [
          4.705605,
          4.719043,
          4.742376,
          4.747253
        ]
      },
      {
        "date": "2025-12-26",
        "close": 4.7236,
        "volume": 504000,
        "typical_volume": 822485.0,
        "trend": 4.758927,
        "fair_value": 5.15184,
        "relative_strength": -4.838213,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.888843,
        "energy": 27.347025,
        "activity_lines": [
          4.712032,
          4.71729,
          4.739579,
          4.74477
        ]
      },
      {
        "date": "2026-01-02",
        "close": 4.78144,
        "volume": 127900,
        "typical_volume": 769435.0,
        "trend": 4.749834,
        "fair_value": 5.149677,
        "relative_strength": -3.736721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -24.70133,
        "energy": 10.950724,
        "activity_lines": [
          4.735168,
          4.727105,
          4.742515,
          4.746223
        ]
      },
      {
        "date": "2026-01-09",
        "close": 4.74288,
        "volume": 486900,
        "typical_volume": 707860.0,
        "trend": 4.745753,
        "fair_value": 5.146733,
        "relative_strength": -4.107433,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -3.207384,
        "energy": 4.763905,
        "activity_lines": [
          4.741595,
          4.729559,
          4.741503,
          4.745774
        ]
      },
      {
        "date": "2026-01-16",
        "close": 4.7236,
        "volume": 744800,
        "typical_volume": 651300.0,
        "trend": 4.745753,
        "fair_value": 5.143398,
        "relative_strength": -6.086664,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.979156,
        "energy": 14.987806,
        "activity_lines": [
          4.739024,
          4.728858,
          4.738473,
          4.744345
        ]
      },
      {
        "date": "2026-01-23",
        "close": 4.70432,
        "volume": 559600,
        "typical_volume": 653535.0,
        "trend": 4.74511,
        "fair_value": 5.139673,
        "relative_strength": -9.186432,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.024564,
        "energy": 15.239069,
        "activity_lines": [
          4.728741,
          4.725353,
          4.733883,
          4.741672
        ]
      },
      {
        "date": "2026-01-30",
        "close": 4.7236,
        "volume": 578600,
        "typical_volume": 645665.0,
        "trend": 4.74511,
        "fair_value": 5.136339,
        "relative_strength": -9.502556,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.728078,
        "energy": 17.9349,
        "activity_lines": [
          4.724885,
          4.726054,
          4.731496,
          4.740284
        ]
      },
      {
        "date": "2026-02-06",
        "close": 4.74288,
        "volume": 1232900,
        "typical_volume": 673045.0,
        "trend": 4.745753,
        "fair_value": 5.133128,
        "relative_strength": -10.887837,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.977347,
        "energy": 16.863974,
        "activity_lines": [
          4.727456,
          4.729559,
          4.731312,
          4.74014
        ]
      },
      {
        "date": "2026-02-13",
        "close": 4.80072,
        "volume": 992600,
        "typical_volume": 641135.0,
        "trend": 4.748323,
        "fair_value": 5.130555,
        "relative_strength": -14.414855,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.235425,
        "energy": 6.908981,
        "activity_lines": [
          4.751877,
          4.743231,
          4.736912,
          4.743686
        ]
      },
      {
        "date": "2026-02-20",
        "close": 5.0128,
        "volume": 1767100,
        "typical_volume": 688270.0,
        "trend": 4.757963,
        "fair_value": 5.129074,
        "relative_strength": -13.384053,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.282983,
        "energy": 69.061076,
        "activity_lines": [
          4.843136,
          4.793709,
          4.762711,
          4.760749
        ]
      },
      {
        "date": "2026-02-27",
        "close": 4.9164,
        "volume": 1248700,
        "typical_volume": 716605.0,
        "trend": 4.76439,
        "fair_value": 5.128043,
        "relative_strength": -17.405521,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.80354,
        "energy": 72.233766,
        "activity_lines": [
          4.882981,
          4.821052,
          4.778227,
          4.770971
        ]
      },
      {
        "date": "2026-03-06",
        "close": 4.76216,
        "volume": 1748200,
        "typical_volume": 768095.0,
        "trend": 4.764101,
        "fair_value": 5.126023,
        "relative_strength": -12.996407,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.732769,
        "energy": 60.829174,
        "activity_lines": [
          4.857275,
          4.816495,
          4.77841,
          4.770827
        ]
      },
      {
        "date": "2026-03-13",
        "close": 4.82,
        "volume": 955000,
        "typical_volume": 790545.0,
        "trend": 4.767314,
        "fair_value": 5.1241,
        "relative_strength": -11.532253,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.979008,
        "energy": 55.865124,
        "activity_lines": [
          4.848277,
          4.821753,
          4.784194,
          4.774434
        ]
      },
      {
        "date": "2026-03-20",
        "close": 4.78144,
        "volume": 1344600,
        "typical_volume": 836810.0,
        "trend": 4.769872,
        "fair_value": 5.12193,
        "relative_strength": -13.350126,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.669948,
        "energy": 22.084412,
        "activity_lines": [
          4.821285,
          4.819299,
          4.78603,
          4.775345
        ]
      },
      {
        "date": "2026-03-27",
        "close": 4.7236,
        "volume": 891000,
        "typical_volume": 849280.0,
        "trend": 4.767944,
        "fair_value": 5.119115,
        "relative_strength": -14.86613,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.042755,
        "energy": 15.267883,
        "activity_lines": [
          4.776299,
          4.805628,
          4.782266,
          4.77236
        ]
      },
      {
        "date": "2026-04-03",
        "close": 4.74288,
        "volume": 557800,
        "typical_volume": 810565.0,
        "trend": 4.766659,
        "fair_value": 5.116698,
        "relative_strength": -14.462675,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -0.037354,
        "energy": 10.317147,
        "activity_lines": [
          4.757019,
          4.795462,
          4.780522,
          4.770743
        ]
      },
      {
        "date": "2026-04-10",
        "close": 4.76216,
        "volume": 262900,
        "typical_volume": 779800.0,
        "trend": 4.765373,
        "fair_value": 5.114405,
        "relative_strength": -16.668532,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.423664,
        "energy": 10.961683,
        "activity_lines": [
          4.755733,
          4.7881,
          4.780614,
          4.770452
        ]
      },
      {
        "date": "2026-04-17",
        "close": 4.80072,
        "volume": 183600,
        "typical_volume": 772510.0,
        "trend": 4.765373,
        "fair_value": 5.112632,
        "relative_strength": -14.189784,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.530757,
        "energy": 16.503977,
        "activity_lines": [
          4.767301,
          4.787049,
          4.784011,
          4.772733
        ]
      },
      {
        "date": "2026-04-24",
        "close": 4.82,
        "volume": 529700,
        "typical_volume": 775365.0,
        "trend": 4.766016,
        "fair_value": 5.111529,
        "relative_strength": -11.824989,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.484026,
        "energy": 10.147297,
        "activity_lines": [
          4.786581,
          4.788451,
          4.788877,
          4.776257
        ]
      },
      {
        "date": "2026-05-01",
        "close": 4.88,
        "volume": 404400,
        "typical_volume": 785825.0,
        "trend": 4.769301,
        "fair_value": 5.110265,
        "relative_strength": -12.513663,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 55.31378,
        "energy": 30.21713,
        "activity_lines": [
          4.823291,
          4.800412,
          4.798906,
          4.783611
        ]
      },
      {
        "date": "2026-05-08",
        "close": 4.9,
        "volume": 455700,
        "typical_volume": 778800.0,
        "trend": 4.773253,
        "fair_value": 5.109128,
        "relative_strength": -12.170269,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 60.212335,
        "energy": 48.81712,
        "activity_lines": [
          4.85624,
          4.818423,
          4.810003,
          4.792043
        ]
      },
      {
        "date": "2026-05-15",
        "close": 4.88,
        "volume": 1113800,
        "typical_volume": 809290.0,
        "trend": 4.776539,
        "fair_value": 5.10759,
        "relative_strength": -13.105373,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.46048,
        "energy": 54.954001,
        "activity_lines": [
          4.872048,
          4.833097,
          4.818264,
          4.79893
        ]
      },
      {
        "date": "2026-05-22",
        "close": 4.92,
        "volume": 585100,
        "typical_volume": 832150.0,
        "trend": 4.7818,
        "fair_value": 5.106034,
        "relative_strength": -13.149255,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.737099,
        "energy": 67.156566,
        "activity_lines": [
          4.893333,
          4.8529,
          4.82959,
          4.808186
        ]
      },
      {
        "date": "2026-05-29",
        "close": 4.9,
        "volume": 769800,
        "typical_volume": 846295.0,
        "trend": 4.786395,
        "fair_value": 5.104624,
        "relative_strength": -14.664089,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.965194,
        "energy": 62.968619,
        "activity_lines": [
          4.9,
          4.867249,
          4.838351,
          4.815811
        ]
      },
      {
        "date": "2026-06-05",
        "close": 4.9,
        "volume": 78500,
        "typical_volume": 812980.0,
        "trend": 4.790989,
        "fair_value": 5.102667,
        "relative_strength": -14.82683,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.773906,
        "energy": 59.386832,
        "activity_lines": [
          4.901333,
          4.879443,
          4.846364,
          4.823141
        ]
      },
      {
        "date": "2026-06-12",
        "close": 4.88,
        "volume": 62100,
        "typical_volume": 788105.0,
        "trend": 4.79556,
        "fair_value": 5.100855,
        "relative_strength": -15.127249,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.496036,
        "energy": 51.732905,
        "activity_lines": [
          4.894667,
          4.884793,
          4.851632,
          4.828883
        ]
      },
      {
        "date": "2026-06-19",
        "close": 4.92,
        "volume": 70500,
        "typical_volume": 762700.0,
        "trend": 4.803392,
        "fair_value": 5.0993,
        "relative_strength": -12.746072,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.027106,
        "energy": 47.878093,
        "activity_lines": [
          4.902667,
          4.894922,
          4.859874,
          4.836912
        ]
      },
      {
        "date": "2026-06-26",
        "close": 4.9,
        "volume": 52200,
        "typical_volume": 703665.0,
        "trend": 4.809272,
        "fair_value": 5.097617,
        "relative_strength": -10.833883,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.516691,
        "energy": 39.652026,
        "activity_lines": [
          4.901333,
          4.898545,
          4.865275,
          4.843145
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.96,
        "volume": 264500,
        "typical_volume": 667260.0,
        "trend": 4.817795,
        "fair_value": 5.096318,
        "relative_strength": -13.069205,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.066374,
        "energy": 54.583895,
        "activity_lines": [
          4.921333,
          4.911273,
          4.875642,
          4.852869
        ]
      },
      {
        "date": "2026-07-10",
        "close": 5.0,
        "volume": 862400,
        "typical_volume": 622025.0,
        "trend": 4.827651,
        "fair_value": 5.095822,
        "relative_strength": -12.385601,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.756329,
        "energy": 69.947049,
        "activity_lines": [
          4.950667,
          4.928727,
          4.88906,
          4.864624
        ]
      },
      {
        "date": "2026-07-17",
        "close": 5.0,
        "volume": 987400,
        "typical_volume": 608960.0,
        "trend": 4.837507,
        "fair_value": 5.09478,
        "relative_strength": -12.909213,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.778085,
        "energy": 71.227223,
        "activity_lines": [
          4.973333,
          4.944,
          4.902539,
          4.875743
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.98,
        "volume": 904900,
        "typical_volume": 566795.0,
        "trend": 4.846053,
        "fair_value": 5.093882,
        "relative_strength": -13.097412,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.326186,
        "energy": 72.106205,
        "activity_lines": [
          4.981333,
          4.953818,
          4.913716,
          4.884937
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.98,
        "volume": 220100,
        "typical_volume": 530050.0,
        "trend": 4.852672,
        "fair_value": 5.092985,
        "relative_strength": -11.720329,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.942185,
        "energy": 69.230165,
        "activity_lines": [
          4.985333,
          4.961818,
          4.923855,
          4.893578
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.0,
        "volume": 478400,
        "typical_volume": 486740.0,
        "trend": 4.861243,
        "fair_value": 5.091122,
        "relative_strength": -10.422214,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.836111,
        "energy": 59.287625,
        "activity_lines": [
          4.990667,
          4.972364,
          4.935137,
          4.903083
        ]
      }
    ],
    "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."
    }
  }
}