{ "ticker": { "uuid": "b815557f-8918-4e10-b06a-77d006fd9052", "symbol": "BRKM5", "name": "Braskem S.A.", "exchange": "SAO", "country": "BR", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -67.233, "architecture_energy": 59.786, "architecture_maturity": 28.0, "architecture_confidence": 88.915, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 11.11, "rotation_up": 16.32, "upward_expansion": 10.74, "deceleration": 45.04, "rotation_down": 69.8, "downward_expansion": 88.74 }, "activity_lines": [ 6.059333, 6.376727, 7.615524, 8.248065 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 5.94, "trend_reference": 8.868667, "distance_from_trend": -0.330226, "trend_direction": "Weakening", "fair_value": 13.838654, "distance_from_fair_value": -0.570767, "fair_value_direction": "Weakening", "relative_strength": -31.482608, "relative_strength_direction": "Weakening", "price_momentum": -0.365385, "excess_performance": -0.308336, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.330226, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.031276, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.570767, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.157766, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.314826, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.178723, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.365385, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.477761, "read": "Supply-led" } ], "volume": { "latest": 27346000, "relative_activity": 1.114657, "balance": 0.477761, "dry_up": 1.214444, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.246957, "annualized_volatility": 0.817282, "from_high_reference": -0.56894, "from_low_reference": 0.060714 }, "levels": { "trend_reference": 8.868667, "fair_value_reference": 13.838654, "structural_low": 5.6, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": -0.004806, "positive_rate": 0.447368, "directional_follow_through": 0.552632, "median_excess_return": -0.030748, "regime_survival": 0.842105, "best_return": 0.273163, "worst_return": -0.263529, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.115679, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.11688, "regime_survival": 0.571429, "best_return": 0.586462, "worst_return": -0.276515, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.149126, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.269693, "regime_survival": 0.571429, "best_return": 0.300456, "worst_return": -0.425773, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.406427, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.51132, "regime_survival": 1.0, "best_return": -0.167129, "worst_return": -0.493333, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-05-03", "tenure": "Developing", "return": -0.155678, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-31", "tenure": "New", "return": -0.008394, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-07", "end": "2024-07-05", "tenure": "Developing", "return": 0.038571, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-09-20", "tenure": "Developing", "return": -0.036082, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-11-08", "tenure": "Developing", "return": -0.22452, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-12-12", "tenure": "Extended", "return": -0.470667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": 0.224359, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.061822, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-04-10", "tenure": "Developing", "return": -0.045732, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-22", "tenure": "Developing", "return": 0.352542, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.130019, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": -0.166667, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": 0.0625, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.040388, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 23.01, "volume": 17105300, "typical_volume": 21587450.0, "trend": 22.903, "fair_value": 33.964636, "relative_strength": -11.994293, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.152049, "energy": 17.045399, "activity_lines": [ 23.756666, 24.847636, 25.020238, 24.028495 ] }, { "date": "2023-08-25", "close": 22.129999, "volume": 12752500, "typical_volume": 21659295.0, "trend": 22.877333, "fair_value": 33.98658, "relative_strength": -14.961432, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.317746, "energy": 24.168327, "activity_lines": [ 23.129999, 24.142545, 24.821952, 23.978624 ] }, { "date": "2023-09-01", "close": 22.309999, "volume": 16725100, "typical_volume": 21753455.0, "trend": 22.887, "fair_value": 34.010277, "relative_strength": -15.008186, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.729915, "energy": 33.996333, "activity_lines": [ 22.733999, 23.613272, 24.628428, 23.942021 ] }, { "date": "2023-09-08", "close": 24.15, "volume": 17134800, "typical_volume": 22090325.0, "trend": 22.957, "fair_value": 34.047132, "relative_strength": -5.402385, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.192641, "energy": 18.170019, "activity_lines": [ 23.101999, 23.542363, 24.602952, 24.023505 ] }, { "date": "2023-09-15", "close": 21.93, "volume": 20675800, "typical_volume": 22350045.0, "trend": 23.019333, "fair_value": 34.068775, "relative_strength": -16.01944, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.505758, "energy": 37.257922, "activity_lines": [ 22.696666, 23.135272, 24.34319, 23.957247 ] }, { "date": "2023-09-22", "close": 20.59, "volume": 35467100, "typical_volume": 22826915.0, "trend": 23.043333, "fair_value": 34.087446, "relative_strength": -18.719884, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.032741, "energy": 40.637321, "activity_lines": [ 21.991333, 22.577636, 23.945619, 23.800516 ] }, { "date": "2023-09-29", "close": 20.52, "volume": 15336200, "typical_volume": 20699930.0, "trend": 23.046, "fair_value": 34.105612, "relative_strength": -18.936928, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.16891, "energy": 47.907238, "activity_lines": [ 21.424, 22.105636, 23.556476, 23.63772 ] }, { "date": "2023-10-06", "close": 19.110001, "volume": 12010900, "typical_volume": 19709300.0, "trend": 23.037, "fair_value": 34.111851, "relative_strength": -22.455416, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.688248, "energy": 69.219694, "activity_lines": [ 20.494, 21.453091, 23.051143, 23.383785 ] }, { "date": "2023-10-13", "close": 19.01, "volume": 11508000, "typical_volume": 19327695.0, "trend": 23.040333, "fair_value": 34.111886, "relative_strength": -22.844977, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.564563, "energy": 72.100118, "activity_lines": [ 19.744, 20.881636, 22.560429, 23.123978 ] }, { "date": "2023-10-20", "close": 18.209999, "volume": 12464600, "typical_volume": 19265685.0, "trend": 23.052, "fair_value": 34.089888, "relative_strength": -23.516837, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.258676, "energy": 85.942185, "activity_lines": [ 19.07, 20.249091, 22.012381, 22.812344 ] }, { "date": "2023-10-27", "close": 17.540001, "volume": 11985400, "typical_volume": 19234470.0, "trend": 22.991333, "fair_value": 34.077773, "relative_strength": -25.546035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.354176, "energy": 89.159373, "activity_lines": [ 18.420667, 19.602364, 21.427381, 22.456731 ] }, { "date": "2023-11-03", "close": 17.66, "volume": 16695400, "typical_volume": 17901010.0, "trend": 22.929, "fair_value": 34.059011, "relative_strength": -27.226634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.63327, "energy": 85.30777, "activity_lines": [ 18.014667, 19.076909, 20.892238, 22.112774 ] }, { "date": "2023-11-10", "close": 19.709999, "volume": 34131900, "typical_volume": 18426405.0, "trend": 22.892667, "fair_value": 34.050664, "relative_strength": -19.53725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.771006, "energy": 58.636657, "activity_lines": [ 18.482666, 19.005454, 20.611095, 21.905097 ] }, { "date": "2023-11-17", "close": 20.02, "volume": 16574400, "typical_volume": 18516970.0, "trend": 22.915, "fair_value": 34.052156, "relative_strength": -20.341632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.427645, "energy": 47.761322, "activity_lines": [ 19.014, 19.037636, 20.404286, 21.719763 ] }, { "date": "2023-11-24", "close": 20.209999, "volume": 12581400, "typical_volume": 17918865.0, "trend": 22.929, "fair_value": 34.053885, "relative_strength": -19.081874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.654935, "energy": 32.273198, "activity_lines": [ 19.541333, 19.179454, 20.252905, 21.545247 ] }, { "date": "2023-12-01", "close": 18.01, "volume": 36641900, "typical_volume": 18654325.0, "trend": 22.737333, "fair_value": 34.048491, "relative_strength": -28.57354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.352568, "energy": 31.340868, "activity_lines": [ 19.202, 18.952545, 19.924571, 21.227892 ] }, { "date": "2023-12-08", "close": 17.629999, "volume": 34192300, "typical_volume": 19422465.0, "trend": 22.514333, "fair_value": 34.044206, "relative_strength": -28.871036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.443879, "energy": 38.541034, "activity_lines": [ 18.704666, 18.703454, 19.598095, 20.898387 ] }, { "date": "2023-12-15", "close": 17.41, "volume": 38700600, "typical_volume": 20655305.0, "trend": 22.288667, "fair_value": 34.02635, "relative_strength": -30.848444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.260835, "energy": 48.898498, "activity_lines": [ 18.136, 18.466909, 19.284285, 20.569075 ] }, { "date": "2023-12-22", "close": 21.42, "volume": 32899500, "typical_volume": 21516120.0, "trend": 22.237, "fair_value": 34.036926, "relative_strength": -16.098866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.113202, "energy": 27.683218, "activity_lines": [ 19.057333, 18.990363, 19.386476, 20.513032 ] }, { "date": "2023-12-29", "close": 21.860001, "volume": 8354900, "typical_volume": 20696900.0, "trend": 22.170667, "fair_value": 34.048523, "relative_strength": -14.837571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.992899, "energy": 7.421202, "activity_lines": [ 20.032, 19.55, 19.54119, 20.48871 ] }, { "date": "2024-01-05", "close": 20.110001, "volume": 13529300, "typical_volume": 20518100.0, "trend": 21.987333, "fair_value": 34.042794, "relative_strength": -19.879992, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.816382, "energy": 17.014253, "activity_lines": [ 20.313334, 19.725091, 19.540048, 20.355763 ] }, { "date": "2024-01-12", "close": 18.93, "volume": 15449200, "typical_volume": 20652935.0, "trend": 21.618333, "fair_value": 34.02672, "relative_strength": -23.472283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.14161, "energy": 20.761002, "activity_lines": [ 20.061334, 19.638909, 19.440333, 20.158516 ] }, { "date": "2024-01-19", "close": 17.65, "volume": 13683300, "typical_volume": 20500845.0, "trend": 21.236, "fair_value": 34.00893, "relative_strength": -26.377076, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.558155, "energy": 20.87438, "activity_lines": [ 19.296, 19.296909, 19.233952, 19.902495 ] }, { "date": "2024-01-26", "close": 18.549999, "volume": 14624200, "typical_volume": 20375315.0, "trend": 20.925667, "fair_value": 33.995765, "relative_strength": -22.950414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.354643, "energy": 28.229982, "activity_lines": [ 18.814667, 19.156, 19.135476, 19.729204 ] }, { "date": "2024-02-02", "close": 17.58, "volume": 13671700, "typical_volume": 20025110.0, "trend": 20.61, "fair_value": 33.949442, "relative_strength": -25.457427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.918411, "energy": 51.659083, "activity_lines": [ 18.201333, 18.865455, 18.971286, 19.513355 ] }, { "date": "2024-02-09", "close": 17.35, "volume": 11957200, "typical_volume": 18849615.0, "trend": 20.321667, "fair_value": 33.895865, "relative_strength": -26.395815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.20583, "energy": 63.797893, "activity_lines": [ 17.796666, 18.580909, 18.805905, 19.303032 ] }, { "date": "2024-02-16", "close": 19.25, "volume": 19410800, "typical_volume": 19053345.0, "trend": 20.140333, "fair_value": 33.852123, "relative_strength": -18.490176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.998705, "energy": 42.838101, "activity_lines": [ 18.209333, 18.653818, 18.836905, 19.233892 ] }, { "date": "2024-02-23", "close": 20.209999, "volume": 26006600, "typical_volume": 19753130.0, "trend": 19.995, "fair_value": 33.811207, "relative_strength": -14.601368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.5516, "energy": 12.513882, "activity_lines": [ 18.920666, 18.871818, 18.965381, 19.238387 ] }, { "date": "2024-03-01", "close": 21.889999, "volume": 16471500, "typical_volume": 20001305.0, "trend": 19.936333, "fair_value": 33.785042, "relative_strength": -7.064087, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.524018, "energy": 24.153321, "activity_lines": [ 20.021333, 19.344363, 19.248619, 19.360645 ] }, { "date": "2024-03-08", "close": 20.15, "volume": 14965400, "typical_volume": 20126345.0, "trend": 19.803667, "fair_value": 33.730273, "relative_strength": -12.769713, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.4369, "energy": 23.938724, "activity_lines": [ 20.319333, 19.492, 19.352428, 19.37443 ] }, { "date": "2024-03-15", "close": 21.709999, "volume": 20781800, "typical_volume": 20566165.0, "trend": 19.760333, "fair_value": 33.666691, "relative_strength": -5.631359, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.348704, "energy": 46.331127, "activity_lines": [ 20.965999, 19.954363, 19.595571, 19.497419 ] }, { "date": "2024-03-22", "close": 27.299999, "volume": 49881600, "typical_volume": 22225475.0, "trend": 19.932666, "fair_value": 33.634961, "relative_strength": 17.973466, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.187494, "energy": 88.18553, "activity_lines": [ 23.185333, 21.403999, 20.351238, 19.983849 ] }, { "date": "2024-03-29", "close": 26.4, "volume": 20875500, "typical_volume": 21562655.0, "trend": 20.069, "fair_value": 33.583011, "relative_strength": 12.93193, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.936443, "energy": 89.801599, "activity_lines": [ 24.567999, 22.537818, 20.975285, 20.401097 ] }, { "date": "2024-04-05", "close": 25.719999, "volume": 12340900, "typical_volume": 21350980.0, "trend": 20.121333, "fair_value": 33.511378, "relative_strength": 11.053697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.205256, "energy": 88.053062, "activity_lines": [ 25.311333, 23.388908, 21.502714, 20.765677 ] }, { "date": "2024-04-12", "close": 23.77, "volume": 13579600, "typical_volume": 21400890.0, "trend": 20.182666, "fair_value": 33.3912, "relative_strength": 3.401838, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.913714, "energy": 83.679828, "activity_lines": [ 25.149333, 23.75509, 21.817285, 21.001075 ] }, { "date": "2024-04-19", "close": 22.299999, "volume": 10836500, "typical_volume": 20110620.0, "trend": 20.239666, "fair_value": 33.247202, "relative_strength": -2.281598, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.458711, "energy": 52.481819, "activity_lines": [ 24.255999, 23.741454, 21.974904, 21.137677 ] }, { "date": "2024-04-26", "close": 22.809999, "volume": 10968500, "typical_volume": 18949430.0, "trend": 20.316, "fair_value": 33.107128, "relative_strength": -1.058127, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.176159, "energy": 34.045019, "activity_lines": [ 23.493333, 23.730545, 22.160666, 21.303505 ] }, { "date": "2024-05-03", "close": 23.049999, "volume": 15631900, "typical_volume": 17795995.0, "trend": 20.447333, "fair_value": 32.97012, "relative_strength": -1.073331, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.045912, "energy": 23.829423, "activity_lines": [ 23.109999, 23.698545, 22.344618, 21.479892 ] }, { "date": "2024-05-10", "close": 19.059999, "volume": 30155700, "typical_volume": 17658805.0, "trend": 20.449, "fair_value": 32.80808, "relative_strength": -16.95571, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.795505, "energy": 18.419306, "activity_lines": [ 21.619999, 22.889454, 22.121714, 21.390387 ] }, { "date": "2024-05-17", "close": 19.190001, "volume": 9899400, "typical_volume": 17736030.0, "trend": 20.481666, "fair_value": 32.653962, "relative_strength": -16.133738, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.392177, "energy": 21.236109, "activity_lines": [ 20.617333, 22.155454, 21.922428, 21.309161 ] }, { "date": "2024-05-24", "close": 19.200001, "volume": 13449700, "typical_volume": 17732050.0, "trend": 20.537, "fair_value": 32.494891, "relative_strength": -13.001174, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.135801, "energy": 33.782241, "activity_lines": [ 19.923334, 21.440727, 21.736809, 21.226473 ] }, { "date": "2024-05-31", "close": 18.9, "volume": 5923500, "typical_volume": 17255765.0, "trend": 20.578333, "fair_value": 32.294798, "relative_strength": -12.269261, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.002342, "energy": 39.275648, "activity_lines": [ 19.336, 20.717091, 21.526952, 21.12086 ] }, { "date": "2024-06-07", "close": 17.629999, "volume": 14752400, "typical_volume": 17309220.0, "trend": 20.509, "fair_value": 32.095344, "relative_strength": -16.60009, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.908162, "energy": 61.219503, "activity_lines": [ 18.586, 19.915272, 21.196285, 20.930645 ] }, { "date": "2024-06-14", "close": 18.41, "volume": 10387300, "typical_volume": 17097375.0, "trend": 20.455333, "fair_value": 31.918558, "relative_strength": -11.141849, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.068225, "energy": 55.334271, "activity_lines": [ 18.457333, 19.414727, 20.94, 20.795225 ] }, { "date": "2024-06-21", "close": 17.950001, "volume": 14824800, "typical_volume": 17155030.0, "trend": 20.38, "fair_value": 31.731407, "relative_strength": -13.632093, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.134109, "energy": 61.806842, "activity_lines": [ 18.218667, 18.963455, 20.640571, 20.633591 ] }, { "date": "2024-06-28", "close": 17.860001, "volume": 11629900, "typical_volume": 17138665.0, "trend": 20.375, "fair_value": 31.518703, "relative_strength": -14.968463, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.781225, "energy": 62.927099, "activity_lines": [ 18.032667, 18.601637, 20.330809, 20.471011 ] }, { "date": "2024-07-05", "close": 18.309999, "volume": 11412800, "typical_volume": 16738765.0, "trend": 20.397666, "fair_value": 31.317664, "relative_strength": -13.647187, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.958892, "energy": 57.653842, "activity_lines": [ 18.086, 18.402364, 20.061476, 20.337785 ] }, { "date": "2024-07-12", "close": 19.4, "volume": 11086800, "typical_volume": 15992775.0, "trend": 20.464, "fair_value": 31.112488, "relative_strength": -9.645234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.777594, "energy": 38.719102, "activity_lines": [ 18.542, 18.483091, 19.900428, 20.273419 ] }, { "date": "2024-07-19", "close": 18.32, "volume": 9303900, "typical_volume": 15634395.0, "trend": 20.360666, "fair_value": 30.908568, "relative_strength": -13.19928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.611497, "energy": 35.21515, "activity_lines": [ 18.52, 18.433818, 19.640381, 20.135097 ] }, { "date": "2024-07-26", "close": 18.18, "volume": 8881800, "typical_volume": 15330215.0, "trend": 20.238, "fair_value": 30.710185, "relative_strength": -13.154407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.16502, "energy": 32.305839, "activity_lines": [ 18.457333, 18.372545, 19.384, 19.994408 ] }, { "date": "2024-08-02", "close": 16.559999, "volume": 11657800, "typical_volume": 14874015.0, "trend": 20.119666, "fair_value": 30.508398, "relative_strength": -19.236278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.012517, "energy": 48.418339, "activity_lines": [ 17.839333, 18.035091, 18.982714, 19.757118 ] }, { "date": "2024-08-09", "close": 17.219999, "volume": 18793100, "typical_volume": 13319590.0, "trend": 20.062666, "fair_value": 30.310732, "relative_strength": -18.379774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.670842, "energy": 64.382639, "activity_lines": [ 17.527999, 17.865636, 18.668809, 19.570043 ] }, { "date": "2024-08-16", "close": 17.15, "volume": 13514500, "typical_volume": 12951540.0, "trend": 20.046, "fair_value": 30.101221, "relative_strength": -20.058138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.078557, "energy": 67.780257, "activity_lines": [ 17.266, 17.714, 18.396238, 19.382129 ] }, { "date": "2024-08-23", "close": 17.49, "volume": 13331300, "typical_volume": 13001060.0, "trend": 20.010666, "fair_value": 29.871967, "relative_strength": -18.863541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.641708, "energy": 65.315068, "activity_lines": [ 17.267333, 17.632909, 18.200095, 19.217226 ] }, { "date": "2024-08-30", "close": 18.040001, "volume": 13161900, "typical_volume": 12980175.0, "trend": 20.026, "fair_value": 29.623445, "relative_strength": -15.980472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.189462, "energy": 41.683651, "activity_lines": [ 17.507333, 17.668545, 18.095524, 19.090086 ] }, { "date": "2024-09-06", "close": 18.9, "volume": 17789000, "typical_volume": 13327800.0, "trend": 20.077666, "fair_value": 29.378145, "relative_strength": -10.284528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.064874, "energy": 25.131844, "activity_lines": [ 18.043334, 17.858909, 18.100143, 19.017441 ] }, { "date": "2024-09-13", "close": 19.379999, "volume": 17944200, "typical_volume": 13676585.0, "trend": 20.082, "fair_value": 29.142412, "relative_strength": -7.753086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.463228, "energy": 18.601906, "activity_lines": [ 18.583333, 18.117636, 18.166667, 18.97243 ] }, { "date": "2024-09-20", "close": 18.700001, "volume": 27150600, "typical_volume": 14252520.0, "trend": 20.031666, "fair_value": 28.946217, "relative_strength": -8.002189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.389791, "energy": 17.790352, "activity_lines": [ 18.752667, 18.233273, 18.184762, 18.883269 ] }, { "date": "2024-09-27", "close": 20.309999, "volume": 15351100, "typical_volume": 13512290.0, "trend": 19.979, "fair_value": 28.753145, "relative_strength": -1.052472, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.133769, "energy": 20.80043, "activity_lines": [ 19.355333, 18.654363, 18.376905, 18.901226 ] }, { "date": "2024-10-04", "close": 20.16, "volume": 10670400, "typical_volume": 13550840.0, "trend": 19.979333, "fair_value": 28.566691, "relative_strength": -0.906596, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.852775, "energy": 22.17338, "activity_lines": [ 19.72, 19.012, 18.548809, 18.912903 ] }, { "date": "2024-10-11", "close": 18.9, "volume": 12408100, "typical_volume": 13498760.0, "trend": 19.885666, "fair_value": 28.366489, "relative_strength": -5.592037, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.128417, "energy": 15.933972, "activity_lines": [ 19.523333, 19.104545, 18.596095, 18.843269 ] }, { "date": "2024-10-18", "close": 18.139999, "volume": 10968500, "typical_volume": 13751010.0, "trend": 19.580333, "fair_value": 28.183556, "relative_strength": -9.492587, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.482441, "energy": 14.255603, "activity_lines": [ 19.073333, 19.016363, 18.572428, 18.730645 ] }, { "date": "2024-10-25", "close": 17.33, "volume": 13298500, "typical_volume": 13678315.0, "trend": 19.278, "fair_value": 27.997665, "relative_strength": -12.897283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.176263, "energy": 22.284219, "activity_lines": [ 18.436, 18.764182, 18.475238, 18.585462 ] }, { "date": "2024-11-01", "close": 17.24, "volume": 11997400, "typical_volume": 13758820.0, "trend": 18.995333, "fair_value": 27.809944, "relative_strength": -11.986576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.493532, "energy": 34.068523, "activity_lines": [ 17.86, 18.492363, 18.370905, 18.453978 ] }, { "date": "2024-11-08", "close": 15.75, "volume": 21713800, "typical_volume": 14103270.0, "trend": 18.728, "fair_value": 27.646426, "relative_strength": -19.000956, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.447304, "energy": 62.913473, "activity_lines": [ 16.992, 17.954182, 18.130238, 18.244602 ] }, { "date": "2024-11-15", "close": 15.0, "volume": 12406300, "typical_volume": 14142090.0, "trend": 18.484667, "fair_value": 27.485408, "relative_strength": -22.416271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.616305, "energy": 79.66094, "activity_lines": [ 16.168, 17.321273, 17.828619, 18.004086 ] }, { "date": "2024-11-22", "close": 15.21, "volume": 16268300, "typical_volume": 14384865.0, "trend": 18.231333, "fair_value": 27.308286, "relative_strength": -21.713051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.93366, "energy": 80.204605, "activity_lines": [ 15.674, 16.797454, 17.560619, 17.792817 ] }, { "date": "2024-11-29", "close": 15.0, "volume": 23873100, "typical_volume": 15024180.0, "trend": 17.963, "fair_value": 27.074522, "relative_strength": -20.453638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.538156, "energy": 79.47829, "activity_lines": [ 15.305333, 16.311273, 17.287381, 17.584344 ] }, { "date": "2024-12-06", "close": 14.44, "volume": 13608800, "typical_volume": 15239425.0, "trend": 17.809, "fair_value": 26.833107, "relative_strength": -23.356025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.15265, "energy": 79.759825, "activity_lines": [ 14.905333, 15.790545, 16.981762, 17.357054 ] }, { "date": "2024-12-13", "close": 12.82, "volume": 23520700, "typical_volume": 15971370.0, "trend": 17.596667, "fair_value": 26.575206, "relative_strength": -30.952385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.263315, "energy": 84.307841, "activity_lines": [ 14.152, 15.082, 16.540333, 17.035183 ] }, { "date": "2024-12-20", "close": 12.19, "volume": 21927400, "typical_volume": 16484850.0, "trend": 17.363, "fair_value": 26.300634, "relative_strength": -32.459622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.374896, "energy": 90.158214, "activity_lines": [ 13.384, 14.392364, 16.064429, 16.686365 ] }, { "date": "2024-12-27", "close": 11.55, "volume": 9900100, "typical_volume": 16040200.0, "trend": 17.118, "fair_value": 26.019557, "relative_strength": -34.460077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.642168, "energy": 93.540163, "activity_lines": [ 12.59, 13.708364, 15.548381, 16.311333 ] }, { "date": "2025-01-03", "close": 11.48, "volume": 10331500, "typical_volume": 15881050.0, "trend": 16.913, "fair_value": 25.768164, "relative_strength": -33.418501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.736509, "energy": 91.487014, "activity_lines": [ 12.016667, 13.131455, 15.052667, 15.947591 ] }, { "date": "2025-01-10", "close": 11.14, "volume": 12632200, "typical_volume": 15846095.0, "trend": 16.670667, "fair_value": 25.518165, "relative_strength": -35.130428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.403785, "energy": 91.092804, "activity_lines": [ 11.564667, 12.599091, 14.551571, 15.57514 ] }, { "date": "2025-01-17", "close": 12.67, "volume": 11118300, "typical_volume": 15743915.0, "trend": 16.494667, "fair_value": 25.302375, "relative_strength": -27.995159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.430358, "energy": 81.013524, "activity_lines": [ 11.842667, 12.455818, 14.226429, 15.317032 ] }, { "date": "2025-01-24", "close": 14.44, "volume": 19700400, "typical_volume": 15839485.0, "trend": 16.380667, "fair_value": 25.086839, "relative_strength": -17.716042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.27471, "energy": 50.509169, "activity_lines": [ 12.720667, 12.690364, 14.095429, 15.184473 ] }, { "date": "2025-01-31", "close": 13.81, "volume": 18170000, "typical_volume": 15850775.0, "trend": 16.230667, "fair_value": 24.842063, "relative_strength": -23.311135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.970165, "energy": 35.680739, "activity_lines": [ 13.238667, 12.820545, 13.925667, 15.018624 ] }, { "date": "2025-02-07", "close": 13.16, "volume": 15281500, "typical_volume": 15257320.0, "trend": 16.022667, "fair_value": 24.598604, "relative_strength": -25.732368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.617639, "energy": 29.796401, "activity_lines": [ 13.389333, 12.858, 13.720524, 14.820516 ] }, { "date": "2025-02-14", "close": 13.25, "volume": 16227400, "typical_volume": 15301135.0, "trend": 15.853667, "fair_value": 24.375255, "relative_strength": -26.866931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.984873, "energy": 27.642902, "activity_lines": [ 13.458, 12.945273, 13.550333, 14.641634 ] }, { "date": "2025-02-21", "close": 12.85, "volume": 8648300, "typical_volume": 15200030.0, "trend": 15.676, "fair_value": 24.163515, "relative_strength": -27.925763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.198249, "energy": 27.310924, "activity_lines": [ 13.252667, 12.981455, 13.375667, 14.447849 ] }, { "date": "2025-02-28", "close": 10.97, "volume": 21016400, "typical_volume": 15630445.0, "trend": 15.489667, "fair_value": 23.941757, "relative_strength": -35.593796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.024246, "energy": 50.81215, "activity_lines": [ 12.408667, 12.675273, 13.056762, 14.144237 ] }, { "date": "2025-03-07", "close": 10.8, "volume": 8506100, "typical_volume": 15507325.0, "trend": 15.275667, "fair_value": 23.730248, "relative_strength": -37.096149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.646277, "energy": 61.41538, "activity_lines": [ 11.739333, 12.360364, 12.759429, 13.841677 ] }, { "date": "2025-03-14", "close": 11.06, "volume": 13852200, "typical_volume": 15535010.0, "trend": 15.072667, "fair_value": 23.511655, "relative_strength": -36.783751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.539186, "energy": 77.8223, "activity_lines": [ 11.357333, 12.106364, 12.52181, 13.569699 ] }, { "date": "2025-03-21", "close": 10.92, "volume": 13804500, "typical_volume": 15625365.0, "trend": 14.853667, "fair_value": 23.301161, "relative_strength": -38.018535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.746859, "energy": 81.037663, "activity_lines": [ 11.068667, 11.834545, 12.300714, 13.301785 ] }, { "date": "2025-03-28", "close": 11.51, "volume": 23911200, "typical_volume": 15735235.0, "trend": 14.636, "fair_value": 23.101351, "relative_strength": -33.305546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.621194, "energy": 65.63262, "activity_lines": [ 11.132, 11.674, 12.165905, 13.086064 ] }, { "date": "2025-04-04", "close": 9.76, "volume": 18019100, "typical_volume": 16015875.0, "trend": 14.331333, "fair_value": 22.891925, "relative_strength": -40.273706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.598861, "energy": 58.993983, "activity_lines": [ 10.701333, 11.216364, 11.884619, 12.771484 ] }, { "date": "2025-04-11", "close": 10.17, "volume": 28400000, "typical_volume": 16622460.0, "trend": 14.024333, "fair_value": 22.688269, "relative_strength": -36.942261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.433788, "energy": 54.03413, "activity_lines": [ 10.488, 10.918364, 11.667333, 12.503011 ] }, { "date": "2025-04-18", "close": 10.27, "volume": 10675400, "typical_volume": 15962575.0, "trend": 13.743333, "fair_value": 22.495769, "relative_strength": -36.329047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.472684, "energy": 52.435828, "activity_lines": [ 10.35, 10.704727, 11.483571, 12.260796 ] }, { "date": "2025-04-25", "close": 11.29, "volume": 14690300, "typical_volume": 16016650.0, "trend": 13.442667, "fair_value": 22.31032, "relative_strength": -31.629279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.950183, "energy": 46.720052, "activity_lines": [ 10.604667, 10.729091, 11.419476, 12.102516 ] }, { "date": "2025-05-02", "close": 10.63, "volume": 8364200, "typical_volume": 15258825.0, "trend": 13.125, "fair_value": 22.125256, "relative_strength": -34.783786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.025394, "energy": 39.988034, "activity_lines": [ 10.614667, 10.669091, 11.307524, 11.921054 ] }, { "date": "2025-05-09", "close": 10.25, "volume": 13547900, "typical_volume": 14839850.0, "trend": 12.836667, "fair_value": 21.922628, "relative_strength": -37.003775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.985195, "energy": 37.915823, "activity_lines": [ 10.556667, 10.580364, 11.16981, 11.73557 ] }, { "date": "2025-05-16", "close": 10.56, "volume": 19059800, "typical_volume": 15297835.0, "trend": 12.584, "fair_value": 21.713974, "relative_strength": -35.577963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.412879, "energy": 28.72472, "activity_lines": [ 10.569333, 10.561091, 11.070857, 11.588688 ] }, { "date": "2025-05-23", "close": 11.09, "volume": 23406300, "typical_volume": 15951575.0, "trend": 12.376, "fair_value": 21.51032, "relative_strength": -30.839967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.955299, "energy": 25.74635, "activity_lines": [ 10.732667, 10.642545, 11.027095, 11.492301 ] }, { "date": "2025-05-30", "close": 11.01, "volume": 38719800, "typical_volume": 17255955.0, "trend": 12.168333, "fair_value": 21.28532, "relative_strength": -30.079139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.233863, "energy": 21.561241, "activity_lines": [ 10.814667, 10.708909, 10.977571, 11.404172 ] }, { "date": "2025-06-06", "close": 10.4, "volume": 16107700, "typical_volume": 17505425.0, "trend": 11.99, "fair_value": 21.069359, "relative_strength": -32.72087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.595627, "energy": 22.181874, "activity_lines": [ 10.712, 10.662727, 10.870571, 11.290086 ] }, { "date": "2025-06-13", "close": 10.15, "volume": 13194400, "typical_volume": 17180125.0, "trend": 11.828333, "fair_value": 20.894936, "relative_strength": -33.976862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.297638, "energy": 28.556744, "activity_lines": [ 10.541333, 10.591273, 10.750571, 11.171376 ] }, { "date": "2025-06-20", "close": 9.83, "volume": 14342400, "typical_volume": 16988745.0, "trend": 11.649, "fair_value": 20.71532, "relative_strength": -35.164725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.031959, "energy": 35.10112, "activity_lines": [ 10.270667, 10.454545, 10.620524, 11.042452 ] }, { "date": "2025-06-27", "close": 8.94, "volume": 19730100, "typical_volume": 17211175.0, "trend": 11.447, "fair_value": 20.533333, "relative_strength": -40.106105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.902576, "energy": 61.005425, "activity_lines": [ 9.752, 10.162182, 10.424667, 10.867677 ] }, { "date": "2025-07-04", "close": 9.28, "volume": 11760200, "typical_volume": 16987815.0, "trend": 11.275, "fair_value": 20.371795, "relative_strength": -39.000749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.532173, "energy": 67.373581, "activity_lines": [ 9.49, 9.955818, 10.281286, 10.727871 ] }, { "date": "2025-07-11", "close": 9.76, "volume": 25820600, "typical_volume": 17846430.0, "trend": 11.173, "fair_value": 20.21141, "relative_strength": -32.399998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.525293, "energy": 63.608966, "activity_lines": [ 9.503333, 9.873273, 10.202524, 10.630129 ] }, { "date": "2025-07-18", "close": 8.28, "volume": 24763600, "typical_volume": 18033790.0, "trend": 11.042667, "fair_value": 20.046026, "relative_strength": -40.566351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.309324, "energy": 72.679239, "activity_lines": [ 9.066, 9.537455, 9.997524, 10.443484 ] }, { "date": "2025-07-25", "close": 9.03, "volume": 23887400, "typical_volume": 18802855.0, "trend": 10.958667, "fair_value": 19.868718, "relative_strength": -34.345565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.055827, "energy": 58.901942, "activity_lines": [ 9.003333, 9.373818, 9.876762, 10.313634 ] }, { "date": "2025-08-01", "close": 8.6, "volume": 13098700, "typical_volume": 18765180.0, "trend": 10.862667, "fair_value": 19.697885, "relative_strength": -36.164504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.146238, "energy": 55.899495, "activity_lines": [ 8.850667, 9.159818, 9.723476, 10.161462 ] }, { "date": "2025-08-08", "close": 8.76, "volume": 24511700, "typical_volume": 19300540.0, "trend": 10.783333, "fair_value": 19.523269, "relative_strength": -35.822292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.298278, "energy": 56.448803, "activity_lines": [ 8.774, 9.020182, 9.597143, 10.025806 ] }, { "date": "2025-08-15", "close": 7.64, "volume": 21112500, "typical_volume": 19160605.0, "trend": 10.615667, "fair_value": 19.356154, "relative_strength": -43.423411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.962404, "energy": 65.018983, "activity_lines": [ 8.358667, 8.717818, 9.374429, 9.823011 ] }, { "date": "2025-08-22", "close": 8.55, "volume": 17444700, "typical_volume": 19131885.0, "trend": 10.419333, "fair_value": 19.2025, "relative_strength": -36.606501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.111945, "energy": 53.109239, "activity_lines": [ 8.388, 8.631091, 9.25681, 9.689742 ] }, { "date": "2025-08-29", "close": 9.37, "volume": 20991600, "typical_volume": 18761465.0, "trend": 10.271333, "fair_value": 19.054167, "relative_strength": -31.32656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.027398, "energy": 39.888194, "activity_lines": [ 8.672667, 8.722545, 9.223048, 9.622043 ] }, { "date": "2025-09-05", "close": 9.4, "volume": 9837300, "typical_volume": 18719560.0, "trend": 10.146, "fair_value": 18.916282, "relative_strength": -30.664732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.523627, "energy": 28.608292, "activity_lines": [ 8.944667, 8.827818, 9.195952, 9.565828 ] }, { "date": "2025-09-12", "close": 8.92, "volume": 13364500, "typical_volume": 18653270.0, "trend": 10.001667, "fair_value": 18.789295, "relative_strength": -32.936183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.677542, "energy": 19.87513, "activity_lines": [ 9.003333, 8.837455, 9.127286, 9.486731 ] }, { "date": "2025-09-19", "close": 8.5, "volume": 10854800, "typical_volume": 18777800.0, "trend": 9.856667, "fair_value": 18.66, "relative_strength": -36.566716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.607993, "energy": 21.791661, "activity_lines": [ 8.911333, 8.777273, 9.029905, 9.389849 ] }, { "date": "2025-09-26", "close": 7.02, "volume": 37641000, "typical_volume": 19982455.0, "trend": 9.725, "fair_value": 18.536795, "relative_strength": -46.283077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.437356, "energy": 45.822227, "activity_lines": [ 8.268667, 8.470909, 8.801714, 9.206839 ] }, { "date": "2025-10-03", "close": 6.54, "volume": 37106500, "typical_volume": 20884790.0, "trend": 9.583, "fair_value": 18.403013, "relative_strength": -48.333587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.439713, "energy": 78.186912, "activity_lines": [ 7.568, 8.100182, 8.54319, 9.001355 ] }, { "date": "2025-10-10", "close": 6.27, "volume": 22040000, "typical_volume": 20816475.0, "trend": 9.423333, "fair_value": 18.213205, "relative_strength": -48.080041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.625005, "energy": 86.976418, "activity_lines": [ 6.966, 7.725636, 8.278095, 8.787613 ] }, { "date": "2025-10-17", "close": 6.26, "volume": 15167300, "typical_volume": 19638850.0, "trend": 9.268, "fair_value": 18.031987, "relative_strength": -48.035736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.618474, "energy": 89.964431, "activity_lines": [ 6.569333, 7.391636, 8.035, 8.583527 ] }, { "date": "2025-10-24", "close": 7.07, "volume": 16652000, "typical_volume": 19666065.0, "trend": 9.12, "fair_value": 17.868718, "relative_strength": -41.282098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.866703, "energy": 83.934686, "activity_lines": [ 6.62, 7.250364, 7.891667, 8.44172 ] }, { "date": "2025-10-31", "close": 6.76, "volume": 13562400, "typical_volume": 19684465.0, "trend": 9.02, "fair_value": 17.698397, "relative_strength": -43.951992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.275457, "energy": 72.731266, "activity_lines": [ 6.662667, 7.063091, 7.734667, 8.289462 ] }, { "date": "2025-11-07", "close": 6.51, "volume": 16931600, "typical_volume": 19813925.0, "trend": 8.898, "fair_value": 17.535769, "relative_strength": -46.578558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.588371, "energy": 56.526657, "activity_lines": [ 6.639333, 6.862909, 7.57, 8.127527 ] }, { "date": "2025-11-14", "close": 7.97, "volume": 33726500, "typical_volume": 20513745.0, "trend": 8.821333, "fair_value": 17.399038, "relative_strength": -35.066054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.507964, "energy": 33.386167, "activity_lines": [ 7.104667, 6.980182, 7.56019, 8.067656 ] }, { "date": "2025-11-21", "close": 7.97, "volume": 21224200, "typical_volume": 20986945.0, "trend": 8.710667, "fair_value": 17.264487, "relative_strength": -32.718014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.239847, "energy": 22.288518, "activity_lines": [ 7.456667, 7.123455, 7.555, 8.012731 ] }, { "date": "2025-11-28", "close": 7.6, "volume": 11204100, "typical_volume": 20256120.0, "trend": 8.609667, "fair_value": 17.133526, "relative_strength": -36.433303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.730491, "energy": 23.070004, "activity_lines": [ 7.571333, 7.216727, 7.52081, 7.941075 ] }, { "date": "2025-12-05", "close": 7.88, "volume": 23403600, "typical_volume": 20188120.0, "trend": 8.530667, "fair_value": 17.023269, "relative_strength": -32.25882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.192704, "energy": 24.836423, "activity_lines": [ 7.744, 7.377273, 7.523571, 7.894 ] }, { "date": "2025-12-12", "close": 7.94, "volume": 14357400, "typical_volume": 19711620.0, "trend": 8.443333, "fair_value": 16.929551, "relative_strength": -32.24237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.531434, "energy": 19.369465, "activity_lines": [ 7.862, 7.533091, 7.533952, 7.855892 ] }, { "date": "2025-12-19", "close": 7.8, "volume": 30407000, "typical_volume": 20577035.0, "trend": 8.333667, "fair_value": 16.827308, "relative_strength": -31.56003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.805139, "energy": 12.853985, "activity_lines": [ 7.838, 7.638, 7.53619, 7.814387 ] }, { "date": "2025-12-26", "close": 7.85, "volume": 17644400, "typical_volume": 20233670.0, "trend": 8.228333, "fair_value": 16.72532, "relative_strength": -31.290959, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.756143, "energy": 12.370052, "activity_lines": [ 7.842, 7.724182, 7.547, 7.783183 ] }, { "date": "2026-01-02", "close": 7.75, "volume": 7357300, "typical_volume": 19545910.0, "trend": 8.14, "fair_value": 16.62609, "relative_strength": -31.108662, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.70851, "energy": 9.914266, "activity_lines": [ 7.820667, 7.763273, 7.552619, 7.752323 ] }, { "date": "2026-01-09", "close": 8.02, "volume": 19385800, "typical_volume": 19642965.0, "trend": 8.069, "fair_value": 16.527628, "relative_strength": -29.075164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.580884, "energy": 7.16416, "activity_lines": [ 7.879333, 7.839091, 7.583429, 7.744581 ] }, { "date": "2026-01-16", "close": 8.22, "volume": 21864800, "typical_volume": 19686625.0, "trend": 8.015333, "fair_value": 16.442756, "relative_strength": -26.846263, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.20711, "energy": 12.728175, "activity_lines": [ 7.995333, 7.928364, 7.63581, 7.754323 ] }, { "date": "2026-01-23", "close": 9.55, "volume": 22182900, "typical_volume": 20303905.0, "trend": 8.035667, "fair_value": 16.357179, "relative_strength": -20.238708, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.115925, "energy": 48.767268, "activity_lines": [ 8.536, 8.228364, 7.820333, 7.853333 ] }, { "date": "2026-01-30", "close": 9.22, "volume": 20688600, "typical_volume": 20670110.0, "trend": 8.033667, "fair_value": 16.275128, "relative_strength": -22.75704, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.108817, "energy": 57.552961, "activity_lines": [ 8.85, 8.439636, 7.972714, 7.929742 ] }, { "date": "2026-02-06", "close": 9.36, "volume": 17795100, "typical_volume": 21017125.0, "trend": 8.020333, "fair_value": 16.193782, "relative_strength": -21.007383, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.706121, "energy": 61.849271, "activity_lines": [ 9.119333, 8.653636, 8.137, 8.015312 ] }, { "date": "2026-02-13", "close": 9.79, "volume": 28978900, "typical_volume": 20584020.0, "trend": 8.070667, "fair_value": 16.127949, "relative_strength": -17.693146, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.057333, "energy": 78.29345, "activity_lines": [ 9.424667, 8.913818, 8.338143, 8.129484 ] }, { "date": "2026-02-20", "close": 9.84, "volume": 7898100, "typical_volume": 19123600.0, "trend": 8.097667, "fair_value": 16.063654, "relative_strength": -17.815107, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.393409, "energy": 76.202495, "activity_lines": [ 9.628667, 9.148364, 8.530857, 8.243634 ] }, { "date": "2026-02-27", "close": 9.59, "volume": 12879100, "typical_volume": 18665555.0, "trend": 8.130667, "fair_value": 15.994103, "relative_strength": -18.197243, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.843116, "energy": 68.738625, "activity_lines": [ 9.641333, 9.302909, 8.684048, 8.339914 ] }, { "date": "2026-03-06", "close": 12.5, "volume": 57847900, "typical_volume": 20799585.0, "trend": 8.255333, "fair_value": 15.95, "relative_strength": 12.808974, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.845315, "energy": 82.967004, "activity_lines": [ 10.621333, 9.954, 9.098571, 8.621806 ] }, { "date": "2026-03-13", "close": 11.35, "volume": 34242300, "typical_volume": 21679100.0, "trend": 8.379, "fair_value": 15.901538, "relative_strength": 4.126746, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.886143, "energy": 72.790724, "activity_lines": [ 10.999333, 10.311455, 9.373857, 8.821462 ] }, { "date": "2026-03-20", "close": 10.2, "volume": 24825100, "typical_volume": 22242235.0, "trend": 8.434, "fair_value": 15.852436, "relative_strength": -4.928154, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.47074, "energy": 53.083034, "activity_lines": [ 10.861333, 10.394364, 9.519238, 8.938946 ] }, { "date": "2026-03-27", "close": 9.05, "volume": 33695200, "typical_volume": 23080415.0, "trend": 8.423333, "fair_value": 15.786346, "relative_strength": -17.147964, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.620794, "energy": 41.734512, "activity_lines": [ 10.312667, 10.228545, 9.538714, 8.978688 ] }, { "date": "2026-04-03", "close": 9.09, "volume": 24660900, "typical_volume": 22627135.0, "trend": 8.413, "fair_value": 15.719423, "relative_strength": -18.921049, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.980313, "energy": 19.554034, "activity_lines": [ 9.83, 10.054909, 9.549905, 9.021699 ] }, { "date": "2026-04-10", "close": 9.39, "volume": 34249300, "typical_volume": 23278390.0, "trend": 8.428667, "fair_value": 15.646282, "relative_strength": -19.34652, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.691878, "energy": 22.169646, "activity_lines": [ 9.480667, 9.944182, 9.584333, 9.084731 ] }, { "date": "2026-04-17", "close": 8.85, "volume": 32308100, "typical_volume": 24333590.0, "trend": 8.440333, "fair_value": 15.578974, "relative_strength": -22.508526, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.872091, "energy": 19.638668, "activity_lines": [ 9.158667, 9.732182, 9.560571, 9.111914 ] }, { "date": "2026-04-24", "close": 8.58, "volume": 28322500, "typical_volume": 24579535.0, "trend": 8.492333, "fair_value": 15.507115, "relative_strength": -21.908795, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.799556, "energy": 13.917988, "activity_lines": [ 8.913333, 9.480364, 9.505143, 9.120925 ] }, { "date": "2026-05-01", "close": 9.15, "volume": 18764500, "typical_volume": 24799890.0, "trend": 8.579333, "fair_value": 15.413461, "relative_strength": -14.344696, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.292853, "energy": 13.054895, "activity_lines": [ 8.966, 9.354182, 9.500667, 9.163355 ] }, { "date": "2026-05-08", "close": 8.99, "volume": 20274500, "typical_volume": 24293265.0, "trend": 8.67, "fair_value": 15.315192, "relative_strength": -13.610312, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.985008, "energy": 11.840951, "activity_lines": [ 8.958667, 9.211455, 9.47519, 9.189849 ] }, { "date": "2026-05-15", "close": 12.21, "volume": 55917100, "typical_volume": 26206900.0, "trend": 8.868333, "fair_value": 15.238461, "relative_strength": 22.139475, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.763248, "energy": 26.555189, "activity_lines": [ 10.031333, 9.665091, 9.750714, 9.418237 ] }, { "date": "2026-05-22", "close": 11.97, "volume": 18192000, "typical_volume": 26748635.0, "trend": 9.031667, "fair_value": 15.167949, "relative_strength": 20.985698, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.1958, "energy": 50.125533, "activity_lines": [ 10.836, 10.080364, 9.982619, 9.618344 ] }, { "date": "2026-05-29", "close": 10.46, "volume": 17732900, "typical_volume": 26665990.0, "trend": 9.155, "fair_value": 15.082115, "relative_strength": 7.94229, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.387186, "energy": 46.289745, "activity_lines": [ 10.929333, 10.209818, 10.050619, 9.710495 ] }, { "date": "2026-06-05", "close": 8.78, "volume": 9926500, "typical_volume": 26069075.0, "trend": 9.230667, "fair_value": 14.974231, "relative_strength": -6.045214, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.215435, "energy": 29.892277, "activity_lines": [ 10.337333, 10.029091, 9.947, 9.686301 ] }, { "date": "2026-06-12", "close": 9.1, "volume": 7369500, "typical_volume": 25328405.0, "trend": 9.268333, "fair_value": 14.840256, "relative_strength": -3.123022, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.44406, "energy": 10.687661, "activity_lines": [ 9.876667, 9.911455, 9.87119, 9.677871 ] }, { "date": "2026-06-19", "close": 7.5, "volume": 11312800, "typical_volume": 24859615.0, "trend": 9.252667, "fair_value": 14.701667, "relative_strength": -18.165368, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.660016, "energy": 25.065974, "activity_lines": [ 8.875333, 9.502727, 9.645143, 9.563785 ] }, { "date": "2026-06-26", "close": 6.25, "volume": 19241100, "typical_volume": 24931915.0, "trend": 9.207667, "fair_value": 14.563141, "relative_strength": -32.967871, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -49.508151, "energy": 56.846719, "activity_lines": [ 7.771333, 8.901091, 9.308238, 9.370065 ] }, { "date": "2026-07-03", "close": 6.24, "volume": 6336700, "typical_volume": 23799805.0, "trend": 9.153, "fair_value": 14.429744, "relative_strength": -32.73187, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.234023, "energy": 68.56535, "activity_lines": [ 7.045333, 8.344909, 8.98519, 9.178602 ] }, { "date": "2026-07-10", "close": 6.63, "volume": 33182100, "typical_volume": 25064005.0, "trend": 9.109333, "fair_value": 14.305577, "relative_strength": -29.093231, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.714931, "energy": 77.612383, "activity_lines": [ 6.730667, 7.902182, 8.71619, 9.015828 ] }, { "date": "2026-07-17", "close": 6.19, "volume": 30679600, "typical_volume": 25954030.0, "trend": 9.055667, "fair_value": 14.186987, "relative_strength": -31.554545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.148407, "energy": 79.266015, "activity_lines": [ 6.412667, 7.425273, 8.420571, 8.827484 ] }, { "date": "2026-07-24", "close": 6.1, "volume": 29480500, "typical_volume": 24535660.0, "trend": 8.997333, "fair_value": 14.06859, "relative_strength": -31.856763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.738299, "energy": 75.371415, "activity_lines": [ 6.258667, 6.982909, 8.132571, 8.636796 ] }, { "date": "2026-07-31", "close": 5.97, "volume": 31670200, "typical_volume": 24407055.0, "trend": 8.938, "fair_value": 13.955256, "relative_strength": -34.016991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.677378, "energy": 66.552242, "activity_lines": [ 6.154667, 6.628, 7.862667, 8.441484 ] }, { "date": "2026-08-07", "close": 5.94, "volume": 27346000, "typical_volume": 24533100.0, "trend": 8.868667, "fair_value": 13.838654, "relative_strength": -31.482608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.233412, "energy": 59.785876, "activity_lines": [ 6.059333, 6.376727, 7.615524, 8.248065 ] } ], "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." } } }