{ "ticker": { "uuid": "b7ce7bd1-1b4b-447d-bb33-5b1df3fd5eb7", "symbol": "VCT", "name": "Vector Limited", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 6.893, "architecture_energy": 4.567, "architecture_maturity": 28.887, "architecture_confidence": 83.995, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 55.37, "rotation_up": 26.82, "upward_expansion": 48.95, "deceleration": 77.05, "rotation_down": 25.51, "downward_expansion": 26.95 }, "activity_lines": [ 4.928667, 4.945455, 4.967476, 4.925377 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 4.85, "trend_reference": 4.865647, "distance_from_trend": -0.003216, "trend_direction": "Improving", "fair_value": 3.92566, "distance_from_fair_value": 0.235461, "fair_value_direction": "Weakening", "relative_strength": -1.917926, "relative_strength_direction": "Weakening", "price_momentum": -0.003322, "excess_performance": -0.031596, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.003216, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.017597, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.235461, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.092192, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019179, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.126931, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.003322, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.603723, "read": "Supply-led" } ], "volume": { "latest": 539542, "relative_activity": 0.85826, "balance": 0.603723, "dry_up": 0.87783, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.036875, "annualized_volatility": 0.12752, "from_high_reference": -0.084906, "from_low_reference": 0.18422 }, "levels": { "trend_reference": 4.865647, "fair_value_reference": 3.92566, "structural_low": 4.496338, "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": 12, "median_return": 0.002494, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.010062, "regime_survival": 0.5, "best_return": 0.045454, "worst_return": -0.051163, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.029166, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.012817, "regime_survival": 0.166667, "best_return": 0.090721, "worst_return": -0.044335, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.069666, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.119954, "regime_survival": 0.0, "best_return": 0.137578, "worst_return": -0.033504, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.045178, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.221672, "regime_survival": 0.333333, "best_return": 0.296405, "worst_return": -0.046325, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-09", "end": "2024-04-05", "tenure": "Developing", "return": 0.024749, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-12", "end": "2024-05-03", "tenure": "New", "return": -0.016, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.002747, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-24", "end": "2024-05-31", "tenure": "New", "return": 0.027322, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-09-06", "tenure": "Established", "return": 0.050411, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2025-02-07", "tenure": "Established", "return": 0.005155, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.020202, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-11-28", "tenure": "Extended", "return": 0.224272, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-03-13", "tenure": "Established", "return": -0.023158, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.017094, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.033473, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.002024, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": -0.00994, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.043393, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.333744, "volume": 1215453, "typical_volume": 1061948.9, "trend": 3.349713, "fair_value": 3.276533, "relative_strength": -1.104705, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.498787, "energy": 3.695614, "activity_lines": [ 3.346491, 3.351127, 3.343799, 3.339466 ] }, { "date": "2023-08-25", "close": 3.333744, "volume": 637098, "typical_volume": 1082325.1, "trend": 3.342259, "fair_value": 3.276895, "relative_strength": 0.369304, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.680951, "energy": 6.660266, "activity_lines": [ 3.342057, 3.348255, 3.34277, 3.338435 ] }, { "date": "2023-09-01", "close": 3.333744, "volume": 798647, "typical_volume": 1097220.9, "trend": 3.334806, "fair_value": 3.276594, "relative_strength": 0.048212, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.623782, "energy": 13.286709, "activity_lines": [ 3.338178, 3.345383, 3.341978, 3.337886 ] }, { "date": "2023-09-08", "close": 3.342358, "volume": 893034, "typical_volume": 1040516.7, "trend": 3.329539, "fair_value": 3.276818, "relative_strength": 2.04935, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.250447, "energy": 13.702854, "activity_lines": [ 3.338278, 3.343775, 3.342403, 3.338373 ] }, { "date": "2023-09-15", "close": 3.342358, "volume": 2026780, "typical_volume": 1102074.05, "trend": 3.328343, "fair_value": 3.27685, "relative_strength": 2.107578, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 13.663299, "energy": 8.518672, "activity_lines": [ 3.338912, 3.34201, 3.343024, 3.3392 ] }, { "date": "2023-09-22", "close": 3.359587, "volume": 1782152, "typical_volume": 1149592.3, "trend": 3.328534, "fair_value": 3.277666, "relative_strength": 2.48243, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.502245, "energy": 13.301247, "activity_lines": [ 3.346378, 3.344582, 3.345086, 3.341216 ] }, { "date": "2023-09-29", "close": 3.402658, "volume": 823276, "typical_volume": 1168253.05, "trend": 3.333689, "fair_value": 3.278952, "relative_strength": 4.468361, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.38097, "energy": 41.237726, "activity_lines": [ 3.366478, 3.355119, 3.351009, 3.345998 ] }, { "date": "2023-10-06", "close": 3.342358, "volume": 772862, "typical_volume": 1136561.1, "trend": 3.338462, "fair_value": 3.279176, "relative_strength": 2.818499, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.631409, "energy": 31.485417, "activity_lines": [ 3.361884, 3.353591, 3.350742, 3.346558 ] }, { "date": "2023-10-13", "close": 3.333744, "volume": 751803, "typical_volume": 1117112.2, "trend": 3.342406, "fair_value": 3.279345, "relative_strength": 2.839689, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.158229, "energy": 22.001674, "activity_lines": [ 3.353844, 3.350643, 3.349653, 3.346253 ] }, { "date": "2023-10-20", "close": 3.316515, "volume": 870834, "typical_volume": 1090237.15, "trend": 3.345503, "fair_value": 3.279452, "relative_strength": 4.880631, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.603321, "energy": 10.52068, "activity_lines": [ 3.340635, 3.344864, 3.346804, 3.344583 ] }, { "date": "2023-10-27", "close": 3.195915, "volume": 957485, "typical_volume": 1084545.6, "trend": 3.3398, "fair_value": 3.279701, "relative_strength": 3.221135, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.338496, "energy": 68.845748, "activity_lines": [ 3.288949, 3.317925, 3.332513, 3.334932 ] }, { "date": "2023-11-03", "close": 3.170072, "volume": 938832, "typical_volume": 992470.45, "trend": 3.332682, "fair_value": 3.28017, "relative_strength": -0.698587, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.641871, "energy": 83.640303, "activity_lines": [ 3.239561, 3.288793, 3.316337, 3.323982 ] }, { "date": "2023-11-10", "close": 3.204529, "volume": 616887, "typical_volume": 986697.8, "trend": 3.325604, "fair_value": 3.280474, "relative_strength": 0.28044, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.380488, "energy": 82.266784, "activity_lines": [ 3.217163, 3.268902, 3.304222, 3.315714 ] }, { "date": "2023-11-17", "close": 3.221758, "volume": 662314, "typical_volume": 952261.4, "trend": 3.320208, "fair_value": 3.2806, "relative_strength": 0.547655, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.922085, "energy": 79.303202, "activity_lines": [ 3.209698, 3.254492, 3.294284, 3.309014 ] }, { "date": "2023-11-24", "close": 3.221758, "volume": 640073, "typical_volume": 951815.55, "trend": 3.317584, "fair_value": 3.280774, "relative_strength": 0.303888, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.627265, "energy": 68.840047, "activity_lines": [ 3.209698, 3.242276, 3.284879, 3.302662 ] }, { "date": "2023-12-01", "close": 3.1873, "volume": 634900, "typical_volume": 945505.05, "trend": 3.313533, "fair_value": 3.280679, "relative_strength": -2.08722, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.255383, "energy": 49.591626, "activity_lines": [ 3.204529, 3.225987, 3.273083, 3.294257 ] }, { "date": "2023-12-08", "close": 3.273443, "volume": 679446, "typical_volume": 937465.05, "trend": 3.312355, "fair_value": 3.281377, "relative_strength": -0.560056, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.746768, "energy": 30.977402, "activity_lines": [ 3.228649, 3.228492, 3.270346, 3.291671 ] }, { "date": "2023-12-15", "close": 3.342358, "volume": 750183, "typical_volume": 918106.0, "trend": 3.312365, "fair_value": 3.282998, "relative_strength": 1.137237, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.377995, "energy": 13.186889, "activity_lines": [ 3.268849, 3.245878, 3.274499, 3.293606 ] }, { "date": "2023-12-22", "close": 3.221758, "volume": 424437, "typical_volume": 885744.85, "trend": 3.309463, "fair_value": 3.28351, "relative_strength": -3.111884, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.567697, "energy": 18.76108, "activity_lines": [ 3.259661, 3.241336, 3.267204, 3.287761 ] }, { "date": "2023-12-29", "close": 3.213143, "volume": 57830, "typical_volume": 846716.3, "trend": 3.30572, "fair_value": 3.283628, "relative_strength": -4.358952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.101181, "energy": 20.606833, "activity_lines": [ 3.2476, 3.237263, 3.259702, 3.281546 ] }, { "date": "2024-01-05", "close": 3.238986, "volume": 66845, "typical_volume": 789285.9, "trend": 3.303116, "fair_value": 3.283864, "relative_strength": -3.303008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.016014, "energy": 16.507233, "activity_lines": [ 3.244729, 3.239769, 3.255353, 3.277241 ] }, { "date": "2024-01-12", "close": 3.256215, "volume": 333323, "typical_volume": 774097.15, "trend": 3.300532, "fair_value": 3.283777, "relative_strength": -3.510988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.971083, "energy": 24.03916, "activity_lines": [ 3.244155, 3.244625, 3.253097, 3.274215 ] }, { "date": "2024-01-19", "close": 3.213143, "volume": 1707658, "typical_volume": 819547.7, "trend": 3.297066, "fair_value": 3.284041, "relative_strength": -3.090403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.089069, "energy": 26.835489, "activity_lines": [ 3.230372, 3.240083, 3.247108, 3.268577 ] }, { "date": "2024-01-26", "close": 3.221758, "volume": 609861, "typical_volume": 805389.05, "trend": 3.293333, "fair_value": 3.283974, "relative_strength": -4.383515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.53409, "energy": 25.691011, "activity_lines": [ 3.228075, 3.23695, 3.242514, 3.263719 ] }, { "date": "2024-02-02", "close": 3.238986, "volume": 768036, "typical_volume": 742451.85, "trend": 3.28768, "fair_value": 3.284306, "relative_strength": -4.193961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.679488, "energy": 23.535528, "activity_lines": [ 3.23152, 3.23695, 3.240135, 3.260212 ] }, { "date": "2024-02-09", "close": 3.307901, "volume": 587537, "typical_volume": 682721.1, "trend": 3.285711, "fair_value": 3.285514, "relative_strength": -1.535068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.814568, "energy": 5.15017, "activity_lines": [ 3.256215, 3.249167, 3.244811, 3.261517 ] }, { "date": "2024-02-16", "close": 3.307901, "volume": 993990, "typical_volume": 691256.8, "trend": 3.284572, "fair_value": 3.286385, "relative_strength": -0.399007, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.871351, "energy": 9.515073, "activity_lines": [ 3.276315, 3.259191, 3.249734, 3.262948 ] }, { "date": "2024-02-23", "close": 3.342358, "volume": 699391, "typical_volume": 687583.25, "trend": 3.284305, "fair_value": 3.288536, "relative_strength": 0.654665, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.539348, "energy": 25.567874, "activity_lines": [ 3.304455, 3.274853, 3.258389, 3.266677 ] }, { "date": "2024-03-01", "close": 3.204529, "volume": 993582, "typical_volume": 699672.2, "trend": 3.279443, "fair_value": 3.289419, "relative_strength": -3.692671, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.321731, "energy": 16.581369, "activity_lines": [ 3.278038, 3.265456, 3.253918, 3.26153 ] }, { "date": "2024-03-08", "close": 3.238986, "volume": 753549, "typical_volume": 693807.95, "trend": 3.275454, "fair_value": 3.290137, "relative_strength": -4.11358, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.866272, "energy": 9.424036, "activity_lines": [ 3.264255, 3.262636, 3.253343, 3.25892 ] }, { "date": "2024-03-15", "close": 3.376815, "volume": 1104735, "typical_volume": 701170.45, "trend": 3.276889, "fair_value": 3.291305, "relative_strength": 1.210675, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.542228, "energy": 22.064496, "activity_lines": [ 3.296415, 3.284407, 3.266265, 3.265459 ] }, { "date": "2024-03-22", "close": 3.316515, "volume": 508781, "typical_volume": 679667.9, "trend": 3.276315, "fair_value": 3.292568, "relative_strength": -2.343074, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.210613, "energy": 13.352728, "activity_lines": [ 3.303881, 3.292708, 3.272582, 3.268016 ] }, { "date": "2024-03-29", "close": 3.416251, "volume": 575012, "typical_volume": 677574.15, "trend": 3.279065, "fair_value": 3.294409, "relative_strength": -0.451479, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.418832, "energy": 45.783225, "activity_lines": [ 3.344017, 3.318047, 3.287701, 3.277044 ] }, { "date": "2024-04-05", "close": 3.389768, "volume": 517658, "typical_volume": 670341.35, "trend": 3.280646, "fair_value": 3.295982, "relative_strength": -0.438706, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.681777, "energy": 60.273816, "activity_lines": [ 3.3704, 3.334877, 3.299289, 3.284186 ] }, { "date": "2024-04-12", "close": 3.310321, "volume": 456454, "typical_volume": 661160.4, "trend": 3.279578, "fair_value": 3.297292, "relative_strength": -2.045252, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.794557, "energy": 47.151734, "activity_lines": [ 3.357952, 3.334208, 3.30251, 3.2861 ] }, { "date": "2024-04-19", "close": 3.283838, "volume": 894452, "typical_volume": 674138.0, "trend": 3.277053, "fair_value": 3.298136, "relative_strength": -1.68054, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.556823, "energy": 29.959448, "activity_lines": [ 3.33192, 3.327427, 3.302788, 3.286375 ] }, { "date": "2024-04-26", "close": 3.283838, "volume": 835139, "typical_volume": 681922.65, "trend": 3.273092, "fair_value": 3.298735, "relative_strength": -1.77841, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.084564, "energy": 13.944798, "activity_lines": [ 3.312086, 3.321083, 3.302606, 3.286813 ] }, { "date": "2024-05-03", "close": 3.257356, "volume": 720400, "typical_volume": 680433.5, "trend": 3.270259, "fair_value": 3.299214, "relative_strength": -3.620177, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.061059, "energy": 14.994616, "activity_lines": [ 3.285604, 3.310362, 3.299852, 3.285798 ] }, { "date": "2024-05-10", "close": 3.213218, "volume": 855727, "typical_volume": 701998.0, "trend": 3.266241, "fair_value": 3.299753, "relative_strength": -3.421865, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.883799, "energy": 20.092023, "activity_lines": [ 3.255002, 3.293162, 3.2933, 3.282118 ] }, { "date": "2024-05-17", "close": 3.222046, "volume": 759300, "typical_volume": 737071.5, "trend": 3.263092, "fair_value": 3.300743, "relative_strength": -2.692735, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.390955, "energy": 21.884345, "activity_lines": [ 3.239112, 3.277408, 3.287629, 3.279266 ] }, { "date": "2024-05-24", "close": 3.230873, "volume": 555696, "typical_volume": 761514.05, "trend": 3.264257, "fair_value": 3.301691, "relative_strength": -3.08215, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.027039, "energy": 29.434081, "activity_lines": [ 3.23205, 3.263567, 3.282756, 3.277188 ] }, { "date": "2024-05-31", "close": 3.319148, "volume": 999787, "typical_volume": 794837.25, "trend": 3.269227, "fair_value": 3.303057, "relative_strength": -1.136647, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.285739, "energy": 13.295411, "activity_lines": [ 3.257944, 3.26843, 3.286329, 3.280729 ] }, { "date": "2024-06-07", "close": 3.336803, "volume": 496885, "typical_volume": 734298.6, "trend": 3.273636, "fair_value": 3.304782, "relative_strength": -0.505155, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.280601, "energy": 14.539151, "activity_lines": [ 3.287369, 3.276455, 3.291284, 3.285089 ] }, { "date": "2024-06-14", "close": 3.336803, "volume": 649689, "typical_volume": 736290.0, "trend": 3.277471, "fair_value": 3.306114, "relative_strength": -0.566312, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.685815, "energy": 22.720904, "activity_lines": [ 3.311498, 3.285925, 3.29565, 3.289164 ] }, { "date": "2024-06-21", "close": 3.354458, "volume": 923455, "typical_volume": 744060.95, "trend": 3.281894, "fair_value": 3.307853, "relative_strength": 1.490078, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.821924, "energy": 30.761295, "activity_lines": [ 3.333272, 3.299567, 3.30115, 3.294131 ] }, { "date": "2024-06-28", "close": 3.275011, "volume": 719631, "typical_volume": 750665.65, "trend": 3.284818, "fair_value": 3.309133, "relative_strength": -1.208176, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.58915, "energy": 22.232921, "activity_lines": [ 3.319737, 3.297962, 3.298533, 3.293687 ] }, { "date": "2024-07-05", "close": 3.283838, "volume": 359576, "typical_volume": 718944.95, "trend": 3.285164, "fair_value": 3.310371, "relative_strength": -1.550925, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.607874, "energy": 19.67326, "activity_lines": [ 3.306201, 3.298123, 3.296914, 3.293624 ] }, { "date": "2024-07-12", "close": 3.266183, "volume": 308212, "typical_volume": 699386.0, "trend": 3.282625, "fair_value": 3.311595, "relative_strength": -4.753058, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.944406, "energy": 8.632154, "activity_lines": [ 3.289135, 3.295073, 3.293727, 3.292399 ] }, { "date": "2024-07-19", "close": 3.283838, "volume": 441553, "typical_volume": 671784.55, "trend": 3.284694, "fair_value": 3.312882, "relative_strength": -5.632777, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.139669, "energy": 8.459814, "activity_lines": [ 3.282661, 3.295073, 3.292585, 3.292478 ] }, { "date": "2024-07-26", "close": 3.275011, "volume": 629605, "typical_volume": 665587.35, "trend": 3.286757, "fair_value": 3.313867, "relative_strength": -5.970689, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.34795, "energy": 9.645432, "activity_lines": [ 3.276776, 3.292184, 3.290225, 3.291853 ] }, { "date": "2024-08-02", "close": 3.248528, "volume": 576748, "typical_volume": 639188.0, "trend": 3.287075, "fair_value": 3.314633, "relative_strength": -7.382575, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.39357, "energy": 22.605656, "activity_lines": [ 3.26736, 3.283517, 3.285171, 3.289386 ] }, { "date": "2024-08-09", "close": 3.239701, "volume": 853632, "typical_volume": 656430.55, "trend": 3.286524, "fair_value": 3.315686, "relative_strength": -5.930182, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.672178, "energy": 39.925093, "activity_lines": [ 3.256767, 3.272924, 3.279887, 3.28633 ] }, { "date": "2024-08-16", "close": 3.354458, "volume": 816810, "typical_volume": 668520.45, "trend": 3.291235, "fair_value": 3.317131, "relative_strength": -6.153008, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.476079, "energy": 7.370613, "activity_lines": [ 3.287369, 3.284641, 3.285898, 3.290713 ] }, { "date": "2024-08-23", "close": 3.248528, "volume": 473788, "typical_volume": 666326.95, "trend": 3.292127, "fair_value": 3.317553, "relative_strength": -7.482952, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.557565, "energy": 21.211348, "activity_lines": [ 3.276776, 3.276776, 3.282115, 3.287958 ] }, { "date": "2024-08-30", "close": 3.425079, "volume": 673953, "typical_volume": 677201.9, "trend": 3.29833, "fair_value": 3.318467, "relative_strength": -1.715319, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.49446, "energy": 21.670209, "activity_lines": [ 3.327387, 3.302617, 3.295818, 3.296535 ] }, { "date": "2024-09-06", "close": 3.505016, "volume": 639778, "typical_volume": 664468.2, "trend": 3.304901, "fair_value": 3.320565, "relative_strength": -0.644867, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.900599, "energy": 65.700005, "activity_lines": [ 3.39464, 3.341707, 3.316589, 3.30987 ] }, { "date": "2024-09-13", "close": 3.560068, "volume": 1503914, "typical_volume": 697906.95, "trend": 3.313306, "fair_value": 3.322113, "relative_strength": -0.674237, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.533117, "energy": 81.232514, "activity_lines": [ 3.463144, 3.386626, 3.341549, 3.326332 ] }, { "date": "2024-09-20", "close": 3.505016, "volume": 1037220, "typical_volume": 713747.95, "trend": 3.318728, "fair_value": 3.323459, "relative_strength": 0.665061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.792427, "energy": 80.114275, "activity_lines": [ 3.491939, 3.416512, 3.359951, 3.338701 ] }, { "date": "2024-09-27", "close": 3.49584, "volume": 789098, "typical_volume": 710416.5, "trend": 3.328438, "fair_value": 3.325047, "relative_strength": 0.714434, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.143909, "energy": 78.091651, "activity_lines": [ 3.507639, 3.440388, 3.376299, 3.350127 ] }, { "date": "2024-10-04", "close": 3.449963, "volume": 785994, "typical_volume": 711751.2, "trend": 3.335471, "fair_value": 3.326591, "relative_strength": -1.733043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.332212, "energy": 67.800519, "activity_lines": [ 3.491558, 3.452067, 3.386932, 3.357967 ] }, { "date": "2024-10-11", "close": 3.514191, "volume": 843386, "typical_volume": 726135.7, "trend": 3.34005, "fair_value": 3.328547, "relative_strength": -1.510154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.424775, "energy": 47.645078, "activity_lines": [ 3.495228, 3.472244, 3.402597, 3.369498 ] }, { "date": "2024-10-18", "close": 3.514191, "volume": 1028091, "typical_volume": 727550.9, "trend": 3.346639, "fair_value": 3.330704, "relative_strength": -1.154031, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.257028, "energy": 43.607956, "activity_lines": [ 3.498287, 3.48759, 3.416913, 3.380733 ] }, { "date": "2024-10-25", "close": 3.514191, "volume": 841504, "typical_volume": 744781.85, "trend": 3.349904, "fair_value": 3.332711, "relative_strength": -0.599975, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.085508, "energy": 41.222531, "activity_lines": [ 3.504404, 3.497946, 3.4303, 3.391542 ] }, { "date": "2024-11-01", "close": 3.49584, "volume": 600495, "typical_volume": 742322.15, "trend": 3.35344, "fair_value": 3.33475, "relative_strength": 0.599902, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.36188, "energy": 39.980245, "activity_lines": [ 3.503792, 3.502061, 3.441095, 3.400958 ] }, { "date": "2024-11-08", "close": 3.514191, "volume": 1215051, "typical_volume": 756901.95, "trend": 3.360235, "fair_value": 3.337609, "relative_strength": -0.457068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.052769, "energy": 39.327211, "activity_lines": [ 3.509297, 3.505016, 3.45288, 3.411329 ] }, { "date": "2024-11-15", "close": 3.514191, "volume": 1374360, "typical_volume": 789638.4, "trend": 3.367914, "fair_value": 3.340017, "relative_strength": 0.291713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.317056, "energy": 38.293806, "activity_lines": [ 3.510521, 3.50635, 3.463905, 3.421261 ] }, { "date": "2024-11-22", "close": 3.532542, "volume": 1347123, "typical_volume": 839015.75, "trend": 3.376204, "fair_value": 3.343195, "relative_strength": -1.831556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.949837, "energy": 38.996366, "activity_lines": [ 3.517861, 3.510854, 3.475538, 3.431883 ] }, { "date": "2024-11-29", "close": 3.59677, "volume": 737300, "typical_volume": 860470.15, "trend": 3.387518, "fair_value": 3.345981, "relative_strength": -0.202382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.781664, "energy": 62.803699, "activity_lines": [ 3.545388, 3.527537, 3.492104, 3.446113 ] }, { "date": "2024-12-06", "close": 3.615121, "volume": 785590, "typical_volume": 877672.0, "trend": 3.400915, "fair_value": 3.348785, "relative_strength": 2.339933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.110353, "energy": 74.141831, "activity_lines": [ 3.573526, 3.545888, 3.508843, 3.460797 ] }, { "date": "2024-12-13", "close": 3.578419, "volume": 1003518, "typical_volume": 896367.65, "trend": 3.412794, "fair_value": 3.351504, "relative_strength": 1.802947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.274364, "energy": 68.964947, "activity_lines": [ 3.581478, 3.555397, 3.52051, 3.472249 ] }, { "date": "2024-12-20", "close": 3.624296, "volume": 919842, "typical_volume": 913522.35, "trend": 3.425908, "fair_value": 3.354517, "relative_strength": 1.882686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.132993, "energy": 76.20811, "activity_lines": [ 3.60044, 3.570912, 3.5351, 3.485894 ] }, { "date": "2024-12-27", "close": 3.59677, "volume": 183216, "typical_volume": 880001.55, "trend": 3.435162, "fair_value": 3.357455, "relative_strength": -1.19154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.940067, "energy": 60.535342, "activity_lines": [ 3.602887, 3.57942, 3.54528, 3.496917 ] }, { "date": "2025-01-03", "close": 3.605946, "volume": 188394, "typical_volume": 848580.75, "trend": 3.444133, "fair_value": 3.36025, "relative_strength": 0.099385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.296771, "energy": 47.145024, "activity_lines": [ 3.60411, 3.588095, 3.554634, 3.507936 ] }, { "date": "2025-01-10", "close": 3.642647, "volume": 401808, "typical_volume": 844981.75, "trend": 3.454328, "fair_value": 3.363381, "relative_strength": 2.409445, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.106751, "energy": 48.832052, "activity_lines": [ 3.616956, 3.601775, 3.566285, 3.520743 ] }, { "date": "2025-01-17", "close": 3.798629, "volume": 1091068, "typical_volume": 865837.5, "trend": 3.469134, "fair_value": 3.368264, "relative_strength": 4.786504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.93853, "energy": 61.492715, "activity_lines": [ 3.67996, 3.641146, 3.590915, 3.542956 ] }, { "date": "2025-01-24", "close": 3.541718, "volume": 434682, "typical_volume": 855582.7, "trend": 3.478024, "fair_value": 3.372153, "relative_strength": -1.511628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.991851, "energy": 39.06127, "activity_lines": [ 3.642647, 3.628634, 3.589299, 3.547639 ] }, { "date": "2025-01-31", "close": 3.615121, "volume": 528677, "typical_volume": 806820.85, "trend": 3.489067, "fair_value": 3.375458, "relative_strength": 0.712102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.718861, "energy": 34.680907, "activity_lines": [ 3.635307, 3.628967, 3.594498, 3.556484 ] }, { "date": "2025-02-07", "close": 3.578419, "volume": 634358, "typical_volume": 786677.75, "trend": 3.499475, "fair_value": 3.37898, "relative_strength": 0.417251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.280678, "energy": 23.794662, "activity_lines": [ 3.614509, 3.621127, 3.59594, 3.562248 ] }, { "date": "2025-02-14", "close": 3.633472, "volume": 476199, "typical_volume": 771032.8, "trend": 3.511129, "fair_value": 3.383106, "relative_strength": 1.296264, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.775249, "energy": 18.551323, "activity_lines": [ 3.613898, 3.623629, 3.602275, 3.570893 ] }, { "date": "2025-02-21", "close": 3.624296, "volume": 379472, "typical_volume": 750706.7, "trend": 3.522772, "fair_value": 3.387825, "relative_strength": 2.922138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.404794, "energy": 15.486108, "activity_lines": [ 3.610839, 3.624129, 3.607081, 3.578194 ] }, { "date": "2025-02-28", "close": 3.706875, "volume": 913698, "typical_volume": 754222.3, "trend": 3.53805, "fair_value": 3.392271, "relative_strength": 6.372088, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.766667, "energy": 26.664673, "activity_lines": [ 3.646929, 3.63881, 3.618922, 3.590072 ] }, { "date": "2025-03-07", "close": 3.807805, "volume": 683638, "typical_volume": 736999.65, "trend": 3.556987, "fair_value": 3.397715, "relative_strength": 10.772207, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.738211, "energy": 46.442913, "activity_lines": [ 3.705652, 3.67034, 3.639458, 3.607476 ] }, { "date": "2025-03-14", "close": 3.798629, "volume": 754219, "typical_volume": 732635.4, "trend": 3.571793, "fair_value": 3.401845, "relative_strength": 11.532542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.440161, "energy": 57.813486, "activity_lines": [ 3.74847, 3.696365, 3.657721, 3.623065 ] }, { "date": "2025-03-21", "close": 3.764475, "volume": 1109343, "typical_volume": 758077.8, "trend": 3.588991, "fair_value": 3.405557, "relative_strength": 11.660993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.668783, "energy": 59.04041, "activity_lines": [ 3.765223, 3.712677, 3.671377, 3.635497 ] }, { "date": "2025-03-28", "close": 3.698266, "volume": 595269, "typical_volume": 727088.7, "trend": 3.598097, "fair_value": 3.408521, "relative_strength": 8.004376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.922637, "energy": 49.381866, "activity_lines": [ 3.751173, 3.714735, 3.677449, 3.642547 ] }, { "date": "2025-04-04", "close": 3.764475, "volume": 564545, "typical_volume": 686597.95, "trend": 3.606746, "fair_value": 3.411654, "relative_strength": 10.30124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.725198, "energy": 34.103844, "activity_lines": [ 3.754262, 3.730657, 3.688949, 3.653281 ] }, { "date": "2025-04-11", "close": 3.896894, "volume": 545452, "typical_volume": 646514.4, "trend": 3.617973, "fair_value": 3.414509, "relative_strength": 15.766583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.166737, "energy": 40.347151, "activity_lines": [ 3.79765, 3.766604, 3.711869, 3.672 ] }, { "date": "2025-04-18", "close": 3.85906, "volume": 463088, "typical_volume": 632803.8, "trend": 3.629775, "fair_value": 3.41748, "relative_strength": 13.386164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.444669, "energy": 40.461363, "activity_lines": [ 3.822487, 3.790549, 3.729451, 3.687554 ] }, { "date": "2025-04-25", "close": 3.783392, "volume": 316783, "typical_volume": 609363.45, "trend": 3.63936, "fair_value": 3.419095, "relative_strength": 11.817951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.909666, "energy": 43.530088, "activity_lines": [ 3.818073, 3.795634, 3.738577, 3.697465 ] }, { "date": "2025-05-02", "close": 3.85906, "volume": 560403, "typical_volume": 587207.7, "trend": 3.652996, "fair_value": 3.421247, "relative_strength": 10.881498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.112353, "energy": 49.088546, "activity_lines": [ 3.837621, 3.811751, 3.754108, 3.711639 ] }, { "date": "2025-05-09", "close": 3.85906, "volume": 541044, "typical_volume": 568267.8, "trend": 3.664492, "fair_value": 3.424986, "relative_strength": 8.201458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.03284, "energy": 37.29749, "activity_lines": [ 3.846449, 3.8236, 3.768303, 3.724933 ] }, { "date": "2025-05-16", "close": 3.963103, "volume": 693723, "typical_volume": 593793.15, "trend": 3.679456, "fair_value": 3.42888, "relative_strength": 9.282905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.194449, "energy": 44.977326, "activity_lines": [ 3.883652, 3.851598, 3.791289, 3.744198 ] }, { "date": "2025-05-23", "close": 3.915811, "volume": 311710, "typical_volume": 599958.95, "trend": 3.692843, "fair_value": 3.432419, "relative_strength": 9.338101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.187244, "energy": 44.017881, "activity_lines": [ 3.900677, 3.868174, 3.808027, 3.759447 ] }, { "date": "2025-05-30", "close": 3.915811, "volume": 691007, "typical_volume": 614418.9, "trend": 3.706842, "fair_value": 3.43601, "relative_strength": 10.635246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.677049, "energy": 45.168926, "activity_lines": [ 3.913919, 3.88262, 3.823289, 3.773832 ] }, { "date": "2025-06-06", "close": 3.963103, "volume": 454956, "typical_volume": 582613.3, "trend": 3.721806, "fair_value": 3.439494, "relative_strength": 10.42929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.263863, "energy": 49.133025, "activity_lines": [ 3.934097, 3.902913, 3.841754, 3.790365 ] }, { "date": "2025-06-13", "close": 3.953645, "volume": 326804, "typical_volume": 577219.4, "trend": 3.736454, "fair_value": 3.44215, "relative_strength": 10.009091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.07562, "energy": 39.873595, "activity_lines": [ 3.944186, 3.916671, 3.858535, 3.805323 ] }, { "date": "2025-06-20", "close": 3.887436, "volume": 381809, "typical_volume": 569876.0, "trend": 3.748284, "fair_value": 3.444893, "relative_strength": 7.867132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.566026, "energy": 33.556259, "activity_lines": [ 3.9259, 3.914951, 3.867049, 3.815063 ] }, { "date": "2025-06-27", "close": 3.963103, "volume": 447924, "typical_volume": 560554.3, "trend": 3.760495, "fair_value": 3.448684, "relative_strength": 9.579162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.252516, "energy": 34.720982, "activity_lines": [ 3.937881, 3.927161, 3.881473, 3.828923 ] }, { "date": "2025-07-04", "close": 4.123898, "volume": 926430, "typical_volume": 583065.85, "trend": 3.777454, "fair_value": 3.452841, "relative_strength": 12.0561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.230107, "energy": 44.3958, "activity_lines": [ 4.000307, 3.966715, 3.909379, 3.852368 ] }, { "date": "2025-07-11", "close": 4.209023, "volume": 429290, "typical_volume": 585556.75, "trend": 3.798475, "fair_value": 3.457645, "relative_strength": 14.610893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.497896, "energy": 66.398011, "activity_lines": [ 4.077236, 4.015555, 3.943056, 3.880211 ] }, { "date": "2025-07-18", "close": 4.076605, "volume": 592515, "typical_volume": 569497.6, "trend": 3.813552, "fair_value": 3.461243, "relative_strength": 8.973162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.162272, "energy": 63.038925, "activity_lines": [ 4.09363, 4.033956, 3.961338, 3.898155 ] }, { "date": "2025-07-25", "close": 4.161732, "volume": 554881, "typical_volume": 563059.75, "trend": 3.832384, "fair_value": 3.464105, "relative_strength": 11.051089, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.894204, "energy": 69.153799, "activity_lines": [ 4.130203, 4.063879, 3.985966, 3.920618 ] }, { "date": "2025-08-01", "close": 4.152273, "volume": 593805, "typical_volume": 555039.05, "trend": 3.850595, "fair_value": 3.466549, "relative_strength": 11.398478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.802388, "energy": 61.125197, "activity_lines": [ 4.145337, 4.088471, 4.008009, 3.941256 ] }, { "date": "2025-08-08", "close": 4.17119, "volume": 940041, "typical_volume": 546573.95, "trend": 3.868213, "fair_value": 3.469113, "relative_strength": 10.465808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.526031, "energy": 45.457863, "activity_lines": [ 4.154165, 4.112203, 4.030168, 3.96194 ] }, { "date": "2025-08-15", "close": 4.133356, "volume": 551238, "typical_volume": 544372.4, "trend": 3.87937, "fair_value": 3.471435, "relative_strength": 8.677691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.489911, "energy": 41.179004, "activity_lines": [ 4.147229, 4.124413, 4.046788, 3.979046 ] }, { "date": "2025-08-22", "close": 4.199565, "volume": 806834, "typical_volume": 556486.85, "trend": 3.901298, "fair_value": 3.47408, "relative_strength": 8.675761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.858163, "energy": 42.099275, "activity_lines": [ 4.167406, 4.145566, 4.067642, 3.999704 ] }, { "date": "2025-08-29", "close": 4.407651, "volume": 874360, "typical_volume": 572932.25, "trend": 3.927716, "fair_value": 3.478416, "relative_strength": 14.560186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.212331, "energy": 55.95919, "activity_lines": [ 4.248749, 4.200081, 4.106242, 4.032371 ] }, { "date": "2025-09-05", "close": 4.476873, "volume": 776155, "typical_volume": 588585.6, "trend": 3.957665, "fair_value": 3.483684, "relative_strength": 13.338095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.655065, "energy": 76.299715, "activity_lines": [ 4.336771, 4.257724, 4.149001, 4.067801 ] }, { "date": "2025-09-12", "close": 4.622859, "volume": 731744, "typical_volume": 609333.65, "trend": 3.990644, "fair_value": 3.490462, "relative_strength": 16.455062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.402535, "energy": 89.236397, "activity_lines": [ 4.451815, 4.332568, 4.202723, 4.110717 ] }, { "date": "2025-09-19", "close": 4.408748, "volume": 1472043, "typical_volume": 654915.65, "trend": 4.016793, "fair_value": 3.496285, "relative_strength": 10.658845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.831562, "energy": 79.485128, "activity_lines": [ 4.465377, 4.35941, 4.232055, 4.137691 ] }, { "date": "2025-09-26", "close": 4.564465, "volume": 714122, "typical_volume": 663569.55, "trend": 4.045379, "fair_value": 3.504463, "relative_strength": 15.118967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.08831, "energy": 77.868093, "activity_lines": [ 4.512486, 4.410934, 4.2736, 4.173025 ] }, { "date": "2025-10-03", "close": 4.807773, "volume": 1764614, "typical_volume": 717114.1, "trend": 4.078711, "fair_value": 3.513001, "relative_strength": 17.03203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.304099, "energy": 84.824835, "activity_lines": [ 4.616371, 4.497825, 4.334958, 4.222212 ] }, { "date": "2025-10-10", "close": 4.934294, "volume": 737400, "typical_volume": 738398.6, "trend": 4.116567, "fair_value": 3.52308, "relative_strength": 19.825879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.874692, "energy": 79.472232, "activity_lines": [ 4.735754, 4.595974, 4.404344, 4.27741 ] }, { "date": "2025-10-17", "close": 4.846703, "volume": 682976, "typical_volume": 737997.05, "trend": 4.152641, "fair_value": 3.532858, "relative_strength": 18.599381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.870752, "energy": 81.830638, "activity_lines": [ 4.795446, 4.663979, 4.460538, 4.324516 ] }, { "date": "2025-10-24", "close": 4.866167, "volume": 572810, "typical_volume": 743889.75, "trend": 4.191571, "fair_value": 3.542657, "relative_strength": 17.517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.209823, "energy": 80.427931, "activity_lines": [ 4.846703, 4.72324, 4.514152, 4.37055 ] }, { "date": "2025-10-31", "close": 4.8759, "volume": 625409, "typical_volume": 758820.0, "trend": 4.228618, "fair_value": 3.551683, "relative_strength": 15.802585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.339726, "energy": 65.080125, "activity_lines": [ 4.870709, 4.770948, 4.564393, 4.4147 ] }, { "date": "2025-11-07", "close": 4.759111, "volume": 1011298, "typical_volume": 790294.45, "trend": 4.257359, "fair_value": 3.560326, "relative_strength": 12.087279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.167935, "energy": 55.335579, "activity_lines": [ 4.835024, 4.785123, 4.59912, 4.448926 ] }, { "date": "2025-11-14", "close": 4.759111, "volume": 507566, "typical_volume": 793276.55, "trend": 4.287361, "fair_value": 3.569178, "relative_strength": 12.67865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.618242, "energy": 48.331307, "activity_lines": [ 4.802582, 4.792909, 4.629696, 4.481297 ] }, { "date": "2025-11-21", "close": 4.856434, "volume": 734816, "typical_volume": 783695.85, "trend": 4.323129, "fair_value": 3.578653, "relative_strength": 14.728696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.520213, "energy": 45.538494, "activity_lines": [ 4.814261, 4.813258, 4.66575, 4.518011 ] }, { "date": "2025-11-28", "close": 4.661788, "volume": 606368, "typical_volume": 792549.75, "trend": 4.349886, "fair_value": 3.58709, "relative_strength": 9.093092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.063352, "energy": 30.809068, "activity_lines": [ 4.760409, 4.793971, 4.679778, 4.53986 ] }, { "date": "2025-12-05", "close": 4.622859, "volume": 1272749, "typical_volume": 826561.45, "trend": 4.375346, "fair_value": 3.595537, "relative_strength": 7.826692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.668569, "energy": 23.567811, "activity_lines": [ 4.707205, 4.763004, 4.687943, 4.557471 ] }, { "date": "2025-12-12", "close": 4.476873, "volume": 1125166, "typical_volume": 855075.7, "trend": 4.392472, "fair_value": 3.601797, "relative_strength": 4.684136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.809089, "energy": 16.881168, "activity_lines": [ 4.62221, 4.704433, 4.679603, 4.564021 ] }, { "date": "2025-12-19", "close": 4.700717, "volume": 1228990, "typical_volume": 886834.95, "trend": 4.418636, "fair_value": 3.610327, "relative_strength": 10.048728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.787204, "energy": 20.929393, "activity_lines": [ 4.630644, 4.692577, 4.691081, 4.583908 ] }, { "date": "2025-12-26", "close": 4.700717, "volume": 292088, "typical_volume": 854437.3, "trend": 4.444799, "fair_value": 3.618908, "relative_strength": 7.970595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.445207, "energy": 15.768903, "activity_lines": [ 4.642972, 4.684968, 4.699947, 4.602107 ] }, { "date": "2026-01-02", "close": 4.749379, "volume": 107007, "typical_volume": 832225.75, "trend": 4.471008, "fair_value": 3.627593, "relative_strength": 8.448906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.603127, "energy": 13.571187, "activity_lines": [ 4.681901, 4.688861, 4.710926, 4.621757 ] }, { "date": "2026-01-09", "close": 4.768844, "volume": 328455, "typical_volume": 808306.8, "trend": 4.498182, "fair_value": 3.635411, "relative_strength": 7.298492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.912784, "energy": 27.525995, "activity_lines": [ 4.72148, 4.698417, 4.720826, 4.640972 ] }, { "date": "2026-01-16", "close": 4.700717, "volume": 707740, "typical_volume": 799975.8, "trend": 4.525291, "fair_value": 3.642897, "relative_strength": 5.264276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.472043, "energy": 25.010183, "activity_lines": [ 4.728617, 4.697532, 4.721526, 4.654039 ] }, { "date": "2026-01-23", "close": 4.768844, "volume": 1112989, "typical_volume": 816817.5, "trend": 4.552149, "fair_value": 3.650663, "relative_strength": 8.403254, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.087866, "energy": 27.879054, "activity_lines": [ 4.74354, 4.710096, 4.727319, 4.669752 ] }, { "date": "2026-01-30", "close": 4.700717, "volume": 604345, "typical_volume": 810447.55, "trend": 4.571376, "fair_value": 3.657993, "relative_strength": 6.602884, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.029267, "energy": 21.448092, "activity_lines": [ 4.731212, 4.710096, 4.725233, 4.679337 ] }, { "date": "2026-02-06", "close": 4.866167, "volume": 548148, "typical_volume": 764252.8, "trend": 4.593281, "fair_value": 3.666748, "relative_strength": 9.640845, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.278703, "energy": 31.791886, "activity_lines": [ 4.774034, 4.743009, 4.738534, 4.698356 ] }, { "date": "2026-02-13", "close": 4.71045, "volume": 650361, "typical_volume": 761064.75, "trend": 4.614409, "fair_value": 3.675287, "relative_strength": 7.625437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.516277, "energy": 23.868932, "activity_lines": [ 4.757165, 4.743894, 4.734827, 4.705915 ] }, { "date": "2026-02-20", "close": 4.700717, "volume": 714649, "typical_volume": 708566.5, "trend": 4.632375, "fair_value": 3.683921, "relative_strength": 6.088022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.342033, "energy": 14.978192, "activity_lines": [ 4.740944, 4.741416, 4.729497, 4.711484 ] }, { "date": "2026-02-27", "close": 4.661788, "volume": 530848, "typical_volume": 698238.9, "trend": 4.649359, "fair_value": 3.692984, "relative_strength": 1.764299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.05964, "energy": 9.387028, "activity_lines": [ 4.711747, 4.727791, 4.72097, 4.713381 ] }, { "date": "2026-03-06", "close": 4.574197, "volume": 716119, "typical_volume": 699896.05, "trend": 4.662793, "fair_value": 3.701798, "relative_strength": 1.173961, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.616289, "energy": 20.459452, "activity_lines": [ 4.66049, 4.698948, 4.705398, 4.708532 ] }, { "date": "2026-03-13", "close": 4.515803, "volume": 1507065, "typical_volume": 746608.8, "trend": 4.675541, "fair_value": 3.710134, "relative_strength": 2.204557, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.778344, "energy": 43.136086, "activity_lines": [ 4.598203, 4.661788, 4.685563, 4.699049 ] }, { "date": "2026-03-20", "close": 4.68, "volume": 721077, "typical_volume": 751392.2, "trend": 4.691556, "fair_value": 3.71947, "relative_strength": 7.22525, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.14641, "energy": 39.883489, "activity_lines": [ 4.614006, 4.658729, 4.683033, 4.699336 ] }, { "date": "2026-03-27", "close": 4.76, "volume": 687397, "typical_volume": 735197.15, "trend": 4.703301, "fair_value": 3.728399, "relative_strength": 9.100107, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.467697, "energy": 21.658956, "activity_lines": [ 4.658506, 4.671831, 4.689056, 4.703752 ] }, { "date": "2026-04-03", "close": 4.78, "volume": 1149979, "typical_volume": 767317.8, "trend": 4.713405, "fair_value": 3.73735, "relative_strength": 9.450391, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.83217, "energy": 8.685178, "activity_lines": [ 4.70572, 4.687491, 4.696979, 4.708701 ] }, { "date": "2026-04-10", "close": 4.88, "volume": 1000773, "typical_volume": 780615.65, "trend": 4.721976, "fair_value": 3.746729, "relative_strength": 9.087537, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.445903, "energy": 24.082903, "activity_lines": [ 4.778387, 4.72113, 4.714327, 4.719449 ] }, { "date": "2026-04-17", "close": 4.94, "volume": 1516946, "typical_volume": 826144.55, "trend": 4.739685, "fair_value": 3.756706, "relative_strength": 12.378682, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.444881, "energy": 45.969482, "activity_lines": [ 4.850667, 4.762419, 4.737277, 4.733515 ] }, { "date": "2026-04-24", "close": 4.94, "volume": 516196, "typical_volume": 788316.9, "trend": 4.752202, "fair_value": 3.767216, "relative_strength": 12.21055, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.436179, "energy": 60.207507, "activity_lines": [ 4.894667, 4.802365, 4.758901, 4.746438 ] }, { "date": "2026-05-01", "close": 4.93, "volume": 1380133, "typical_volume": 801065.25, "trend": 4.756277, "fair_value": 3.777608, "relative_strength": 10.169621, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.45294, "energy": 70.772088, "activity_lines": [ 4.918, 4.83632, 4.778064, 4.757909 ] }, { "date": "2026-05-08", "close": 5.03, "volume": 980566, "typical_volume": 788644.05, "trend": 4.759467, "fair_value": 3.788641, "relative_strength": 10.775156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.095553, "energy": 75.628124, "activity_lines": [ 4.963333, 4.884287, 4.804592, 4.775569 ] }, { "date": "2026-05-15", "close": 5.13, "volume": 728846, "typical_volume": 810481.95, "trend": 4.76891, "fair_value": 3.800103, "relative_strength": 14.261767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.067777, "energy": 77.673283, "activity_lines": [ 5.025333, 4.943742, 4.839076, 4.799474 ] }, { "date": "2026-05-22", "close": 5.08, "volume": 584641, "typical_volume": 834363.65, "trend": 4.776038, "fair_value": 3.811456, "relative_strength": 12.418575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.73799, "energy": 68.435659, "activity_lines": [ 5.054, 4.984, 4.866754, 4.819544 ] }, { "date": "2026-05-29", "close": 5.04, "volume": 817334, "typical_volume": 858807.6, "trend": 4.781508, "fair_value": 3.822447, "relative_strength": 9.007752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.687761, "energy": 56.788457, "activity_lines": [ 5.06, 5.006727, 4.889048, 4.836574 ] }, { "date": "2026-06-05", "close": 4.95, "volume": 107570, "typical_volume": 828799.1, "trend": 4.787871, "fair_value": 3.832914, "relative_strength": 7.374228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.505556, "energy": 42.616358, "activity_lines": [ 5.029333, 5.006545, 4.901479, 4.847445 ] }, { "date": "2026-06-12", "close": 5.0, "volume": 86787, "typical_volume": 777489.0, "trend": 4.7959, "fair_value": 3.843596, "relative_strength": 6.24063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.073427, "energy": 34.853908, "activity_lines": [ 5.014, 5.012, 4.917486, 4.86113 ] }, { "date": "2026-06-19", "close": 4.98, "volume": 292478, "typical_volume": 761895.65, "trend": 4.800019, "fair_value": 3.854255, "relative_strength": 4.675657, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.486543, "energy": 25.027631, "activity_lines": [ 4.994, 5.009818, 4.930487, 4.873008 ] }, { "date": "2026-06-26", "close": 5.07, "volume": 114300, "typical_volume": 740203.25, "trend": 4.813626, "fair_value": 3.865385, "relative_strength": 6.218478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.446974, "energy": 27.526394, "activity_lines": [ 5.014, 5.022182, 4.950729, 4.890426 ] }, { "date": "2026-07-03", "close": 4.92, "volume": 55213, "typical_volume": 710445.85, "trend": 4.823531, "fair_value": 3.875074, "relative_strength": 1.931586, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.303166, "energy": 20.921002, "activity_lines": [ 4.984667, 5.004909, 4.955715, 4.897289 ] }, { "date": "2026-07-10", "close": 4.85, "volume": 346386, "typical_volume": 692032.7, "trend": 4.835969, "fair_value": 3.88458, "relative_strength": -0.845571, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.430593, "energy": 13.748267, "activity_lines": [ 4.94, 4.975273, 4.953036, 4.898996 ] }, { "date": "2026-07-17", "close": 5.0, "volume": 614465, "typical_volume": 696213.55, "trend": 4.845945, "fair_value": 3.895208, "relative_strength": 2.629855, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.626696, "energy": 15.833103, "activity_lines": [ 4.952, 4.974364, 4.963932, 4.909579 ] }, { "date": "2026-07-24", "close": 5.01, "volume": 466202, "typical_volume": 683717.7, "trend": 4.856254, "fair_value": 3.905847, "relative_strength": 2.035034, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.200488, "energy": 17.317007, "activity_lines": [ 4.967333, 4.975818, 4.97417, 4.920163 ] }, { "date": "2026-07-31", "close": 4.95, "volume": 587169, "typical_volume": 637722.9, "trend": 4.862941, "fair_value": 3.916101, "relative_strength": 1.158608, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.828015, "energy": 10.688509, "activity_lines": [ 4.960667, 4.968545, 4.976619, 4.926211 ] }, { "date": "2026-08-07", "close": 4.85, "volume": 539542, "typical_volume": 628646.15, "trend": 4.865647, "fair_value": 3.92566, "relative_strength": -1.917926, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.893477, "energy": 4.567156, "activity_lines": [ 4.928667, 4.945455, 4.967476, 4.925377 ] } ], "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." } } }