{ "ticker": { "uuid": "b850723c-2e2b-470c-b608-ec738c2e68f5", "symbol": "603616", "name": "Beijing Hanjian Heshan Pipeline Co.,Ltd", "exchange": "SHH", "country": "CN", "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": "000001.SS", "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": -63.658, "architecture_energy": 71.917, "architecture_maturity": 20.051, "architecture_confidence": 85.25, "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": 19.41, "rotation_up": 9.57, "upward_expansion": 16.24, "deceleration": 37.31, "rotation_down": 74.61, "downward_expansion": 91.9 }, "activity_lines": [ 5.048, 5.370364, 5.769571, 6.009398 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 5.3, "trend_reference": 6.24, "distance_from_trend": -0.150641, "trend_direction": "Improving", "fair_value": 4.786346, "distance_from_fair_value": 0.107316, "fair_value_direction": "Weakening", "relative_strength": -10.140307, "relative_strength_direction": "Weakening", "price_momentum": -0.149278, "excess_performance": -0.106074, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.150641, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.00656, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.107316, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.269552, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.101403, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.164528, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.149278, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.449228, "read": "Supply-led" } ], "volume": { "latest": 63976129, "relative_activity": 0.607804, "balance": 0.449228, "dry_up": 0.70982, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.143251, "annualized_volatility": 0.706226, "from_high_reference": -0.427646, "from_low_reference": 0.238318 }, "levels": { "trend_reference": 6.24, "fair_value_reference": 4.786346, "structural_low": 4.28, "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": 21, "median_return": -0.009542, "positive_rate": 0.47619, "directional_follow_through": 0.52381, "median_excess_return": 0.001343, "regime_survival": 0.714286, "best_return": 0.266904, "worst_return": -0.157143, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.01107, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.051213, "regime_survival": 0.444444, "best_return": 0.410959, "worst_return": -0.212942, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.016791, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": 0.064219, "regime_survival": 0.428571, "best_return": 0.58589, "worst_return": -0.292978, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.064464, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.099743, "regime_survival": 0.25, "best_return": 0.800613, "worst_return": -0.133172, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.157303, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": -0.168367, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": 0.080247, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.088319, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.156442, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": 0.020942, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": 0.098522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-09-05", "tenure": "Developing", "return": 0.097416, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-11-07", "tenure": "Developing", "return": 0.08363, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": -0.107492, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-30", "tenure": "Developing", "return": 0.212062, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-27", "tenure": "Developing", "return": -0.20386, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-07-10", "tenure": "Established", "return": -0.040404, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.07943, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 5.59, "volume": 70889900, "typical_volume": 32418275.65, "trend": 5.435667, "fair_value": 6.177832, "relative_strength": -1.233165, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.003333, "energy": 6.626316, "activity_lines": [ 5.354667, 5.285636, 5.278857, 5.354602 ] }, { "date": "2023-08-04", "close": 5.94, "volume": 248817228, "typical_volume": 42415752.05, "trend": 5.456667, "fair_value": 6.169593, "relative_strength": 4.634739, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.410156, "energy": 29.608829, "activity_lines": [ 5.567333, 5.402364, 5.338429, 5.38714 ] }, { "date": "2023-08-11", "close": 6.05, "volume": 240462854, "typical_volume": 52819787.0, "trend": 5.475, "fair_value": 6.161868, "relative_strength": 9.847882, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.869059, "energy": 49.186072, "activity_lines": [ 5.767333, 5.535636, 5.407762, 5.425419 ] }, { "date": "2023-08-18", "close": 5.93, "volume": 162883385, "typical_volume": 59675623.5, "trend": 5.494, "fair_value": 6.153054, "relative_strength": 9.529327, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.264405, "energy": 54.691519, "activity_lines": [ 5.874667, 5.633636, 5.463571, 5.454774 ] }, { "date": "2023-08-25", "close": 5.52, "volume": 76440503, "typical_volume": 62537905.9, "trend": 5.495333, "fair_value": 6.141293, "relative_strength": 4.235046, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.655705, "energy": 49.77099, "activity_lines": [ 5.796, 5.643273, 5.477619, 5.456452 ] }, { "date": "2023-09-01", "close": 5.59, "volume": 62656060, "typical_volume": 64685136.15, "trend": 5.490667, "fair_value": 6.130363, "relative_strength": 3.242922, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.614311, "energy": 28.178753, "activity_lines": [ 5.724, 5.660545, 5.497381, 5.462559 ] }, { "date": "2023-09-08", "close": 5.65, "volume": 47237399, "typical_volume": 65937066.95, "trend": 5.487, "fair_value": 6.119116, "relative_strength": 4.923774, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.584743, "energy": 12.249772, "activity_lines": [ 5.672, 5.678, 5.521762, 5.472839 ] }, { "date": "2023-09-15", "close": 5.43, "volume": 37814500, "typical_volume": 65856909.6, "trend": 5.474333, "fair_value": 6.108246, "relative_strength": 0.875827, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.763073, "energy": 7.921675, "activity_lines": [ 5.566, 5.647273, 5.522571, 5.469161 ] }, { "date": "2023-09-22", "close": 6.21, "volume": 99524591, "typical_volume": 70095779.15, "trend": 5.483333, "fair_value": 6.101866, "relative_strength": 14.66975, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.782983, "energy": 30.956712, "activity_lines": [ 5.761333, 5.755273, 5.596524, 5.516624 ] }, { "date": "2023-09-29", "close": 6.89, "volume": 151407700, "typical_volume": 75238472.95, "trend": 5.507, "fair_value": 6.100612, "relative_strength": 27.550076, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.300438, "energy": 64.704184, "activity_lines": [ 6.164667, 5.968364, 5.731238, 5.607376 ] }, { "date": "2023-10-13", "close": 6.63, "volume": 109761375, "typical_volume": 79656700.5, "trend": 5.537667, "fair_value": 6.098457, "relative_strength": 23.105056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.790784, "energy": 70.298474, "activity_lines": [ 6.39, 6.104727, 5.832714, 5.679828 ] }, { "date": "2023-10-20", "close": 7.28, "volume": 153693873, "typical_volume": 85824754.9, "trend": 5.587333, "fair_value": 6.102321, "relative_strength": 38.815006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.238776, "energy": 81.662791, "activity_lines": [ 6.762667, 6.340364, 5.98881, 5.792237 ] }, { "date": "2023-10-27", "close": 6.65, "volume": 318784373, "typical_volume": 96294641.65, "trend": 5.622, "fair_value": 6.102659, "relative_strength": 24.743727, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.987422, "energy": 68.332235, "activity_lines": [ 6.816667, 6.437091, 6.077619, 5.860796 ] }, { "date": "2023-11-03", "close": 5.99, "volume": 188722563, "typical_volume": 103912622.7, "trend": 5.643, "fair_value": 6.098062, "relative_strength": 11.642272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.674098, "energy": 40.000679, "activity_lines": [ 6.569333, 6.402909, 6.09719, 5.884538 ] }, { "date": "2023-11-10", "close": 5.84, "volume": 93735122, "typical_volume": 107544978.8, "trend": 5.660333, "fair_value": 6.093207, "relative_strength": 8.358661, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.585671, "energy": 24.287906, "activity_lines": [ 6.286667, 6.340364, 6.098571, 5.897247 ] }, { "date": "2023-11-17", "close": 5.86, "volume": 52668403, "typical_volume": 109463215.2, "trend": 5.677, "fair_value": 6.090141, "relative_strength": 8.005518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.956345, "energy": 19.584195, "activity_lines": [ 6.080667, 6.275636, 6.099, 5.910129 ] }, { "date": "2023-11-24", "close": 5.77, "volume": 59118800, "typical_volume": 111350365.2, "trend": 5.699333, "fair_value": 6.089629, "relative_strength": 6.804838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.330846, "energy": 20.861, "activity_lines": [ 5.896, 6.189636, 6.086762, 5.916129 ] }, { "date": "2023-12-01", "close": 5.75, "volume": 42357133, "typical_volume": 112538486.85, "trend": 5.718, "fair_value": 6.089052, "relative_strength": 6.67872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.816834, "energy": 20.070416, "activity_lines": [ 5.805333, 6.097818, 6.069905, 5.919398 ] }, { "date": "2023-12-08", "close": 5.51, "volume": 36995544, "typical_volume": 113523129.05, "trend": 5.722667, "fair_value": 6.08617, "relative_strength": 4.35386, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.910351, "energy": 24.007577, "activity_lines": [ 5.694667, 5.956545, 6.027857, 5.905978 ] }, { "date": "2023-12-15", "close": 5.69, "volume": 44769600, "typical_volume": 114937045.3, "trend": 5.742, "fair_value": 6.083484, "relative_strength": 8.627799, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.723423, "energy": 20.827371, "activity_lines": [ 5.676, 5.860727, 6.001429, 5.903871 ] }, { "date": "2023-12-22", "close": 5.53, "volume": 49081505, "typical_volume": 113846625.55, "trend": 5.756333, "fair_value": 6.07875, "relative_strength": 6.463188, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.075477, "energy": 26.77191, "activity_lines": [ 5.614, 5.757636, 5.957762, 5.890194 ] }, { "date": "2023-12-29", "close": 5.59, "volume": 42889098, "typical_volume": 103550219.05, "trend": 5.751, "fair_value": 6.0744, "relative_strength": 5.276143, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.063106, "energy": 26.541948, "activity_lines": [ 5.594, 5.685455, 5.920095, 5.879462 ] }, { "date": "2024-01-05", "close": 5.57, "volume": 25424300, "typical_volume": 92798291.35, "trend": 5.759667, "fair_value": 6.070178, "relative_strength": 6.322973, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.366328, "energy": 23.304291, "activity_lines": [ 5.579333, 5.640364, 5.88219, 5.867785 ] }, { "date": "2024-01-12", "close": 5.54, "volume": 27154000, "typical_volume": 86011822.1, "trend": 5.772, "fair_value": 6.065636, "relative_strength": 7.247767, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.613769, "energy": 27.689104, "activity_lines": [ 5.566667, 5.609455, 5.843714, 5.853613 ] }, { "date": "2024-01-19", "close": 5.11, "volume": 36892085, "typical_volume": 84034401.2, "trend": 5.767667, "fair_value": 6.059359, "relative_strength": 0.591953, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.978537, "energy": 49.695372, "activity_lines": [ 5.408667, 5.508545, 5.766143, 5.810903 ] }, { "date": "2024-01-26", "close": 5.18, "volume": 52073405, "typical_volume": 83505268.45, "trend": 5.773667, "fair_value": 6.055128, "relative_strength": -0.870029, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.645431, "energy": 75.204833, "activity_lines": [ 5.312667, 5.433636, 5.69719, 5.772989 ] }, { "date": "2024-02-02", "close": 4.13, "volume": 52712000, "typical_volume": 83778998.5, "trend": 5.738, "fair_value": 6.048894, "relative_strength": -15.601171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.542571, "energy": 95.616347, "activity_lines": [ 4.89, 5.180182, 5.53019, 5.666946 ] }, { "date": "2024-02-09", "close": 3.15, "volume": 90727037, "typical_volume": 86424625.35, "trend": 5.667667, "fair_value": 6.03657, "relative_strength": -38.242017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -98.515227, "energy": 98.81389, "activity_lines": [ 4.238, 4.778364, 5.277095, 5.499978 ] }, { "date": "2024-02-23", "close": 3.81, "volume": 105167575, "typical_volume": 86706774.55, "trend": 5.621667, "fair_value": 6.025857, "relative_strength": -28.371193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.437496, "energy": 91.531893, "activity_lines": [ 3.967333, 4.543818, 5.097714, 5.380129 ] }, { "date": "2024-03-01", "close": 3.94, "volume": 100386104, "typical_volume": 84155694.75, "trend": 5.577333, "fair_value": 6.020321, "relative_strength": -26.066924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.217923, "energy": 88.173074, "activity_lines": [ 3.855333, 4.363818, 4.942143, 5.271634 ] }, { "date": "2024-03-08", "close": 3.77, "volume": 60352100, "typical_volume": 81685231.0, "trend": 5.516667, "fair_value": 6.013696, "relative_strength": -29.249618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.677584, "energy": 82.758204, "activity_lines": [ 3.764667, 4.184727, 4.784429, 5.155032 ] }, { "date": "2024-03-15", "close": 4.05, "volume": 49149300, "typical_volume": 76458002.35, "trend": 5.453667, "fair_value": 6.009377, "relative_strength": -23.764429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.781765, "energy": 63.399989, "activity_lines": [ 3.861333, 4.088545, 4.667, 5.060409 ] }, { "date": "2024-03-22", "close": 4.16, "volume": 48046800, "typical_volume": 62921123.7, "trend": 5.390667, "fair_value": 6.003399, "relative_strength": -21.173002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.045745, "energy": 54.214702, "activity_lines": [ 4.0, 4.040364, 4.575429, 4.976946 ] }, { "date": "2024-03-29", "close": 4.11, "volume": 34719800, "typical_volume": 55220985.55, "trend": 5.33, "fair_value": 5.997037, "relative_strength": -21.570197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.506379, "energy": 44.48525, "activity_lines": [ 4.054667, 4.008727, 4.490952, 4.894323 ] }, { "date": "2024-04-05", "close": 4.2, "volume": 25873921, "typical_volume": 51827925.5, "trend": 5.286, "fair_value": 5.980646, "relative_strength": -20.27632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.70856, "energy": 35.578236, "activity_lines": [ 4.119333, 4.019455, 4.424, 4.821419 ] }, { "date": "2024-04-12", "close": 3.88, "volume": 44578500, "typical_volume": 51423430.35, "trend": 5.229, "fair_value": 5.970446, "relative_strength": -24.838248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.59756, "energy": 36.803876, "activity_lines": [ 4.06, 3.988545, 4.334381, 4.73071 ] }, { "date": "2024-04-19", "close": 3.26, "volume": 69328221, "typical_volume": 51933901.4, "trend": 5.149333, "fair_value": 5.953269, "relative_strength": -37.415176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.548015, "energy": 51.947537, "activity_lines": [ 3.786667, 3.868545, 4.195143, 4.603677 ] }, { "date": "2024-04-26", "close": 3.36, "volume": 99568097, "typical_volume": 54794449.6, "trend": 5.080333, "fair_value": 5.936349, "relative_strength": -35.606226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.343037, "energy": 53.769557, "activity_lines": [ 3.599333, 3.782545, 4.077381, 4.488237 ] }, { "date": "2024-05-03", "close": 3.54, "volume": 47936700, "typical_volume": 55341507.4, "trend": 4.991333, "fair_value": 5.92052, "relative_strength": -32.19795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.810072, "energy": 53.047333, "activity_lines": [ 3.525333, 3.725455, 3.988143, 4.38886 ] }, { "date": "2024-05-10", "close": 3.51, "volume": 58419200, "typical_volume": 56023987.4, "trend": 4.878667, "fair_value": 5.905073, "relative_strength": -33.490651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.055606, "energy": 68.261507, "activity_lines": [ 3.479333, 3.667818, 3.905429, 4.29329 ] }, { "date": "2024-05-17", "close": 3.73, "volume": 47044200, "typical_volume": 55922122.15, "trend": 4.782, "fair_value": 5.889695, "relative_strength": -28.960937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.790307, "energy": 63.439343, "activity_lines": [ 3.552667, 3.658, 3.854048, 4.219183 ] }, { "date": "2024-05-24", "close": 3.57, "volume": 75539521, "typical_volume": 57554643.3, "trend": 4.658333, "fair_value": 5.873866, "relative_strength": -30.247026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.462842, "energy": 47.887674, "activity_lines": [ 3.582667, 3.619818, 3.796, 4.140989 ] }, { "date": "2024-05-31", "close": 3.26, "volume": 61420517, "typical_volume": 59354454.15, "trend": 4.545333, "fair_value": 5.860394, "relative_strength": -35.891671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.598459, "energy": 56.161982, "activity_lines": [ 3.488667, 3.534, 3.718048, 4.050774 ] }, { "date": "2024-06-07", "close": 2.92, "volume": 53224820, "typical_volume": 60657995.15, "trend": 4.443, "fair_value": 5.845317, "relative_strength": -41.338737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.564068, "energy": 62.522671, "activity_lines": [ 3.288, 3.402727, 3.618714, 3.945914 ] }, { "date": "2024-06-14", "close": 2.89, "volume": 27075570, "typical_volume": 60167169.4, "trend": 4.344667, "fair_value": 5.828515, "relative_strength": -41.104739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.302882, "energy": 77.329636, "activity_lines": [ 3.118667, 3.287636, 3.529, 3.84572 ] }, { "date": "2024-06-21", "close": 3.08, "volume": 60548520, "typical_volume": 60590925.15, "trend": 4.252, "fair_value": 5.814337, "relative_strength": -36.075522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.602698, "energy": 74.806202, "activity_lines": [ 3.054, 3.230909, 3.467952, 3.764129 ] }, { "date": "2024-06-28", "close": 2.95, "volume": 145383221, "typical_volume": 65224486.2, "trend": 4.158, "fair_value": 5.79843, "relative_strength": -37.687101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.903901, "energy": 68.874266, "activity_lines": [ 2.989333, 3.165091, 3.404524, 3.680129 ] }, { "date": "2024-07-05", "close": 2.82, "volume": 64488800, "typical_volume": 63912574.35, "trend": 4.060333, "fair_value": 5.780924, "relative_strength": -39.638261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.643297, "energy": 58.640992, "activity_lines": [ 2.922667, 3.081273, 3.334333, 3.593806 ] }, { "date": "2024-07-12", "close": 2.82, "volume": 77612700, "typical_volume": 62534830.6, "trend": 3.970667, "fair_value": 5.763993, "relative_strength": -39.577065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.233766, "energy": 54.35467, "activity_lines": [ 2.885333, 3.007273, 3.265714, 3.513785 ] }, { "date": "2024-07-19", "close": 2.68, "volume": 37583600, "typical_volume": 59394705.4, "trend": 3.870333, "fair_value": 5.747314, "relative_strength": -42.260895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.103836, "energy": 59.84178, "activity_lines": [ 2.808, 2.920909, 3.188476, 3.430516 ] }, { "date": "2024-07-26", "close": 2.77, "volume": 52032864, "typical_volume": 58978743.6, "trend": 3.778333, "fair_value": 5.730828, "relative_strength": -37.94038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.144789, "energy": 57.308811, "activity_lines": [ 2.774667, 2.866, 3.12581, 3.359527 ] }, { "date": "2024-08-02", "close": 2.87, "volume": 44087696, "typical_volume": 58725663.4, "trend": 3.687667, "fair_value": 5.715112, "relative_strength": -35.476439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.469112, "energy": 53.018545, "activity_lines": [ 2.795333, 2.846727, 3.077429, 3.300925 ] }, { "date": "2024-08-09", "close": 2.92, "volume": 45570599, "typical_volume": 58601853.35, "trend": 3.599333, "fair_value": 5.69978, "relative_strength": -32.783421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.530051, "energy": 45.63222, "activity_lines": [ 2.838, 2.849273, 3.039429, 3.251398 ] }, { "date": "2024-08-16", "close": 2.87, "volume": 56961700, "typical_volume": 59713948.35, "trend": 3.510333, "fair_value": 5.684319, "relative_strength": -33.649059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.995448, "energy": 34.889658, "activity_lines": [ 2.857333, 2.848909, 3.002571, 3.204344 ] }, { "date": "2024-08-23", "close": 2.73, "volume": 27981102, "typical_volume": 59819307.4, "trend": 3.431, "fair_value": 5.662403, "relative_strength": -35.555563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.940046, "energy": 35.272457, "activity_lines": [ 2.826667, 2.824, 2.958286, 3.154 ] }, { "date": "2024-08-30", "close": 2.89, "volume": 29207202, "typical_volume": 59050742.5, "trend": 3.354667, "fair_value": 5.644579, "relative_strength": -30.699729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.202455, "energy": 29.875046, "activity_lines": [ 2.846, 2.831091, 2.936238, 3.119097 ] }, { "date": "2024-09-06", "close": 2.81, "volume": 26960400, "typical_volume": 56932351.45, "trend": 3.310667, "fair_value": 5.627392, "relative_strength": -30.036269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.498673, "energy": 32.342215, "activity_lines": [ 2.830667, 2.827091, 2.911286, 3.083957 ] }, { "date": "2024-09-13", "close": 2.8, "volume": 24984000, "typical_volume": 53203146.6, "trend": 3.299, "fair_value": 5.608927, "relative_strength": -27.980113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.210759, "energy": 35.447588, "activity_lines": [ 2.816, 2.823818, 2.887524, 3.051011 ] }, { "date": "2024-09-20", "close": 2.81, "volume": 15950900, "typical_volume": 51603856.6, "trend": 3.265667, "fair_value": 5.592762, "relative_strength": -27.828296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.537112, "energy": 32.103043, "activity_lines": [ 2.812667, 2.822727, 2.867381, 3.019462 ] }, { "date": "2024-09-27", "close": 3.16, "volume": 45921480, "typical_volume": 50978970.6, "trend": 3.239667, "fair_value": 5.578137, "relative_strength": -27.35283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.135877, "energy": 9.249595, "activity_lines": [ 2.93, 2.885455, 2.884048, 3.012645 ] }, { "date": "2024-10-04", "close": 3.48, "volume": 13213298, "typical_volume": 49287425.5, "trend": 3.23, "fair_value": 5.562626, "relative_strength": -25.00426, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 16.281403, "energy": 24.332327, "activity_lines": [ 3.125333, 2.997636, 2.932857, 3.028151 ] }, { "date": "2024-10-11", "close": 3.53, "volume": 187358329, "typical_volume": 54878365.9, "trend": 3.212667, "fair_value": 5.545199, "relative_strength": -19.880412, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.492314, "energy": 51.71382, "activity_lines": [ 3.298, 3.106, 2.987619, 3.047505 ] }, { "date": "2024-10-18", "close": 3.56, "volume": 174615580, "typical_volume": 60538119.05, "trend": 3.192667, "fair_value": 5.52707, "relative_strength": -19.085782, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.342799, "energy": 60.996222, "activity_lines": [ 3.432667, 3.207818, 3.045429, 3.069914 ] }, { "date": "2024-10-25", "close": 3.69, "volume": 84492508, "typical_volume": 62101503.45, "trend": 3.178667, "fair_value": 5.510477, "relative_strength": -15.50781, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.470469, "energy": 71.623542, "activity_lines": [ 3.56, 3.321636, 3.11419, 3.102 ] }, { "date": "2024-11-01", "close": 3.94, "volume": 100923731, "typical_volume": 65793911.5, "trend": 3.17, "fair_value": 5.496509, "relative_strength": -7.679371, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 56.166439, "energy": 76.530058, "activity_lines": [ 3.712, 3.466, 3.203095, 3.151118 ] }, { "date": "2024-11-08", "close": 4.12, "volume": 94735755, "typical_volume": 67503273.25, "trend": 3.178, "fair_value": 5.481587, "relative_strength": -7.434445, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 83.505998, "energy": 86.654244, "activity_lines": [ 3.872, 3.621091, 3.304143, 3.212409 ] }, { "date": "2024-11-15", "close": 3.92, "volume": 86835442, "typical_volume": 64575884.3, "trend": 3.2, "fair_value": 5.468576, "relative_strength": -7.687775, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.486061, "energy": 79.371779, "activity_lines": [ 3.922667, 3.717455, 3.38119, 3.26028 ] }, { "date": "2024-11-22", "close": 3.94, "volume": 73810500, "typical_volume": 65041969.3, "trend": 3.219333, "fair_value": 5.458313, "relative_strength": -4.384736, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.550646, "energy": 70.089242, "activity_lines": [ 3.954, 3.797273, 3.455524, 3.308022 ] }, { "date": "2024-11-29", "close": 4.06, "volume": 66019100, "typical_volume": 64462289.3, "trend": 3.236667, "fair_value": 5.450864, "relative_strength": -2.218746, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.784037, "energy": 58.574122, "activity_lines": [ 4.0, 3.878182, 3.535952, 3.362258 ] }, { "date": "2024-12-06", "close": 4.43, "volume": 180019822, "typical_volume": 71584100.4, "trend": 3.267333, "fair_value": 5.446234, "relative_strength": 5.2246, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.215055, "energy": 58.811502, "activity_lines": [ 4.144667, 4.003636, 3.645714, 3.439247 ] }, { "date": "2024-12-13", "close": 4.54, "volume": 172322698, "typical_volume": 77598592.1, "trend": 3.294333, "fair_value": 5.441094, "relative_strength": 9.102283, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.51348, "energy": 59.849089, "activity_lines": [ 4.293333, 4.126, 3.757619, 3.521355 ] }, { "date": "2024-12-20", "close": 4.19, "volume": 80790559, "typical_volume": 79433735.25, "trend": 3.315, "fair_value": 5.433329, "relative_strength": 2.511303, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.794006, "energy": 51.833071, "activity_lines": [ 4.297333, 4.165455, 3.827762, 3.57914 ] }, { "date": "2024-12-27", "close": 3.68, "volume": 79159550, "typical_volume": 81113182.8, "trend": 3.329, "fair_value": 5.42274, "relative_strength": -9.648708, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.287651, "energy": 40.577717, "activity_lines": [ 4.113333, 4.100182, 3.843048, 3.602688 ] }, { "date": "2025-01-03", "close": 3.26, "volume": 47117050, "typical_volume": 80620950.3, "trend": 3.340333, "fair_value": 5.407991, "relative_strength": -14.065374, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.49671, "energy": 14.120425, "activity_lines": [ 3.806667, 3.956364, 3.814714, 3.598237 ] }, { "date": "2025-01-10", "close": 3.24, "volume": 50248300, "typical_volume": 81734310.2, "trend": 3.352, "fair_value": 5.391388, "relative_strength": -12.179355, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.407606, "energy": 20.418543, "activity_lines": [ 3.546667, 3.816727, 3.782619, 3.591763 ] }, { "date": "2025-01-17", "close": 3.44, "volume": 46672502, "typical_volume": 82607575.2, "trend": 3.364, "fair_value": 5.372873, "relative_strength": -7.551622, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.612307, "energy": 24.992543, "activity_lines": [ 3.432667, 3.726182, 3.767143, 3.597441 ] }, { "date": "2025-01-24", "close": 3.44, "volume": 59305823, "typical_volume": 84224846.35, "trend": 3.380333, "fair_value": 5.356403, "relative_strength": -6.691564, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.707479, "energy": 23.942083, "activity_lines": [ 3.392, 3.648, 3.749048, 3.602344 ] }, { "date": "2025-01-31", "close": 3.45, "volume": 11175765, "typical_volume": 83534434.6, "trend": 3.401333, "fair_value": 5.339868, "relative_strength": -5.206301, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.598054, "energy": 21.389532, "activity_lines": [ 3.404667, 3.580364, 3.728905, 3.606839 ] }, { "date": "2025-02-07", "close": 3.58, "volume": 40777661, "typical_volume": 84775772.65, "trend": 3.426667, "fair_value": 5.310369, "relative_strength": -2.495773, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.877407, "energy": 14.661589, "activity_lines": [ 3.476, 3.545273, 3.718048, 3.618366 ] }, { "date": "2025-02-14", "close": 3.57, "volume": 45942430, "typical_volume": 84776820.15, "trend": 3.456333, "fair_value": 5.28221, "relative_strength": -3.965198, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.353439, "energy": 13.194689, "activity_lines": [ 3.522667, 3.517091, 3.702571, 3.627613 ] }, { "date": "2025-02-21", "close": 3.5, "volume": 48887400, "typical_volume": 86560525.25, "trend": 3.480667, "fair_value": 5.250217, "relative_strength": -6.374356, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.136853, "energy": 12.496776, "activity_lines": [ 3.524, 3.491818, 3.678476, 3.63043 ] }, { "date": "2025-02-28", "close": 3.51, "volume": 53191400, "typical_volume": 79852178.8, "trend": 3.502, "fair_value": 5.22621, "relative_strength": -4.052818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.786603, "energy": 5.208169, "activity_lines": [ 3.524667, 3.487273, 3.655238, 3.632323 ] }, { "date": "2025-03-07", "close": 3.5, "volume": 42375088, "typical_volume": 73240154.2, "trend": 3.521333, "fair_value": 5.195175, "relative_strength": -5.461475, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.550257, "energy": 8.461572, "activity_lines": [ 3.517333, 3.493273, 3.631143, 3.632194 ] }, { "date": "2025-03-14", "close": 3.66, "volume": 56029300, "typical_volume": 71816993.8, "trend": 3.547667, "fair_value": 5.156669, "relative_strength": -2.060517, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.256444, "energy": 4.342328, "activity_lines": [ 3.56, 3.531636, 3.622571, 3.64114 ] }, { "date": "2025-03-21", "close": 3.69, "volume": 47869700, "typical_volume": 69164292.25, "trend": 3.579667, "fair_value": 5.123531, "relative_strength": 0.824173, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.759139, "energy": 7.625489, "activity_lines": [ 3.607333, 3.568182, 3.617, 3.650323 ] }, { "date": "2025-03-28", "close": 3.33, "volume": 66748260, "typical_volume": 67764917.5, "trend": 3.594333, "fair_value": 5.090001, "relative_strength": -8.063529, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.009657, "energy": 16.355882, "activity_lines": [ 3.526667, 3.531091, 3.578333, 3.634215 ] }, { "date": "2025-04-04", "close": 3.37, "volume": 35186540, "typical_volume": 65182472.4, "trend": 3.613, "fair_value": 5.052958, "relative_strength": -6.098793, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.851598, "energy": 29.965017, "activity_lines": [ 3.470667, 3.503273, 3.547238, 3.619742 ] }, { "date": "2025-04-11", "close": 3.2, "volume": 74971600, "typical_volume": 65240527.4, "trend": 3.626333, "fair_value": 5.010673, "relative_strength": -7.486334, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.816646, "energy": 61.822121, "activity_lines": [ 3.367333, 3.445818, 3.502571, 3.593097 ] }, { "date": "2025-04-18", "close": 3.26, "volume": 41744796, "typical_volume": 64026812.2, "trend": 3.641333, "fair_value": 4.969923, "relative_strength": -6.743922, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.816453, "energy": 70.361557, "activity_lines": [ 3.304, 3.403818, 3.467143, 3.569462 ] }, { "date": "2025-04-25", "close": 3.25, "volume": 51095697, "typical_volume": 57580605.95, "trend": 3.644333, "fair_value": 4.929236, "relative_strength": -7.377645, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.643808, "energy": 70.755492, "activity_lines": [ 3.264, 3.365818, 3.434571, 3.544215 ] }, { "date": "2025-05-02", "close": 3.51, "volume": 40007507, "typical_volume": 50964846.4, "trend": 3.645333, "fair_value": 4.884978, "relative_strength": 0.647863, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.314825, "energy": 47.44547, "activity_lines": [ 3.34, 3.380909, 3.432381, 3.535548 ] }, { "date": "2025-05-09", "close": 3.77, "volume": 113753300, "typical_volume": 52612983.45, "trend": 3.653333, "fair_value": 4.847688, "relative_strength": 6.036937, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.883444, "energy": 9.414131, "activity_lines": [ 3.490667, 3.443091, 3.459857, 3.543591 ] }, { "date": "2025-05-16", "close": 3.82, "volume": 86267236, "typical_volume": 52968367.75, "trend": 3.662, "fair_value": 4.824965, "relative_strength": 6.723882, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.000281, "energy": 16.997417, "activity_lines": [ 3.631333, 3.509636, 3.494095, 3.554344 ] }, { "date": "2025-05-23", "close": 3.9, "volume": 64027158, "typical_volume": 53813873.15, "trend": 3.669, "fair_value": 4.802755, "relative_strength": 9.562331, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.225146, "energy": 34.509545, "activity_lines": [ 3.757333, 3.584909, 3.535286, 3.569699 ] }, { "date": "2025-05-30", "close": 4.06, "volume": 46938307, "typical_volume": 53648373.5, "trend": 3.673, "fair_value": 4.782657, "relative_strength": 13.764777, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.663882, "energy": 51.242098, "activity_lines": [ 3.894, 3.684909, 3.588667, 3.594925 ] }, { "date": "2025-06-06", "close": 4.24, "volume": 46415650, "typical_volume": 53635530.9, "trend": 3.677, "fair_value": 4.761157, "relative_strength": 16.856629, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.222894, "energy": 70.313, "activity_lines": [ 4.036667, 3.810909, 3.655286, 3.631505 ] }, { "date": "2025-06-13", "close": 4.08, "volume": 56175452, "typical_volume": 53479012.35, "trend": 3.682333, "fair_value": 4.74074, "relative_strength": 12.211546, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.952075, "energy": 65.119327, "activity_lines": [ 4.077333, 3.891273, 3.702857, 3.657505 ] }, { "date": "2025-06-20", "close": 4.46, "volume": 62894738, "typical_volume": 56064961.0, "trend": 3.699667, "fair_value": 4.721545, "relative_strength": 22.629602, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.266429, "energy": 82.078791, "activity_lines": [ 4.224, 4.027818, 3.783571, 3.707677 ] }, { "date": "2025-06-27", "close": 5.03, "volume": 309044331, "typical_volume": 69478294.5, "trend": 3.732, "fair_value": 4.708878, "relative_strength": 34.568542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.684327, "energy": 91.970701, "activity_lines": [ 4.518, 4.245091, 3.913762, 3.793505 ] }, { "date": "2025-07-04", "close": 4.49, "volume": 259352766, "typical_volume": 80148811.3, "trend": 3.734, "fair_value": 4.691089, "relative_strength": 17.758719, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.291433, "energy": 70.136657, "activity_lines": [ 4.556667, 4.332, 3.985619, 3.842409 ] }, { "date": "2025-07-11", "close": 4.72, "volume": 171113592, "typical_volume": 86260120.9, "trend": 3.74, "fair_value": 4.674966, "relative_strength": 21.613277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.389795, "energy": 75.230439, "activity_lines": [ 4.643333, 4.438182, 4.075, 3.906022 ] }, { "date": "2025-07-18", "close": 4.51, "volume": 96085020, "typical_volume": 88404801.9, "trend": 3.750667, "fair_value": 4.658518, "relative_strength": 14.650916, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.454838, "energy": 56.117499, "activity_lines": [ 4.628, 4.484182, 4.138571, 3.955699 ] }, { "date": "2025-07-25", "close": 5.95, "volume": 407861891, "typical_volume": 106679142.05, "trend": 3.826333, "fair_value": 4.650727, "relative_strength": 46.995625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.274699, "energy": 62.307293, "activity_lines": [ 5.064, 4.778545, 4.334524, 4.097591 ] }, { "date": "2025-08-01", "close": 7.16, "volume": 631030613, "typical_volume": 135429207.7, "trend": 3.956333, "fair_value": 4.652481, "relative_strength": 75.496986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.747269, "energy": 81.885507, "activity_lines": [ 5.804, 5.254182, 4.634048, 4.312667 ] }, { "date": "2025-08-08", "close": 6.21, "volume": 356260274, "typical_volume": 150848736.4, "trend": 4.055333, "fair_value": 4.653383, "relative_strength": 47.362367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.827107, "energy": 71.727081, "activity_lines": [ 6.085333, 5.497818, 4.826429, 4.458065 ] }, { "date": "2025-08-15", "close": 5.81, "volume": 184040478, "typical_volume": 156713347.3, "trend": 4.134333, "fair_value": 4.651466, "relative_strength": 34.290716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.223998, "energy": 71.786185, "activity_lines": [ 6.118667, 5.629636, 4.968714, 4.571269 ] }, { "date": "2025-08-22", "close": 5.77, "volume": 171307708, "typical_volume": 163519405.7, "trend": 4.212, "fair_value": 4.649357, "relative_strength": 27.711722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.607894, "energy": 58.671753, "activity_lines": [ 6.066, 5.725636, 5.095381, 4.676796 ] }, { "date": "2025-08-29", "close": 5.63, "volume": 107655226, "typical_volume": 165153587.0, "trend": 4.284667, "fair_value": 4.648138, "relative_strength": 22.689836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.944874, "energy": 44.210734, "activity_lines": [ 5.882667, 5.765455, 5.197286, 4.76828 ] }, { "date": "2025-09-05", "close": 5.52, "volume": 78280216, "typical_volume": 166980358.0, "trend": 4.349333, "fair_value": 4.645321, "relative_strength": 20.881505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.083674, "energy": 30.323512, "activity_lines": [ 5.684, 5.764, 5.277143, 4.847978 ] }, { "date": "2025-09-12", "close": 5.62, "volume": 61191876, "typical_volume": 167485166.95, "trend": 4.417667, "fair_value": 4.643782, "relative_strength": 20.419247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.5366, "energy": 25.870585, "activity_lines": [ 5.628, 5.771818, 5.355762, 4.929957 ] }, { "date": "2025-09-19", "close": 5.47, "volume": 67089996, "typical_volume": 168839291.4, "trend": 4.483333, "fair_value": 4.640897, "relative_strength": 17.992424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.736386, "energy": 21.235463, "activity_lines": [ 5.561333, 5.731818, 5.40881, 4.997849 ] }, { "date": "2025-09-26", "close": 5.17, "volume": 69868223, "typical_volume": 166645037.55, "trend": 4.538667, "fair_value": 4.637179, "relative_strength": 10.713811, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.317144, "energy": 18.313094, "activity_lines": [ 5.417333, 5.623636, 5.423952, 5.042151 ] }, { "date": "2025-10-03", "close": 5.17, "volume": 26035392, "typical_volume": 163633445.35, "trend": 4.594333, "fair_value": 4.63141, "relative_strength": 8.660686, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.277307, "energy": 17.238906, "activity_lines": [ 5.313333, 5.503455, 5.432429, 5.082882 ] }, { "date": "2025-10-10", "close": 5.31, "volume": 27746100, "typical_volume": 161819392.45, "trend": 4.649333, "fair_value": 4.629167, "relative_strength": 10.733578, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.682811, "energy": 13.764057, "activity_lines": [ 5.286667, 5.422909, 5.44781, 5.129054 ] }, { "date": "2025-10-17", "close": 5.17, "volume": 61313500, "typical_volume": 162538152.1, "trend": 4.698667, "fair_value": 4.627372, "relative_strength": 8.987947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.294907, "energy": 13.490857, "activity_lines": [ 5.227333, 5.350545, 5.443143, 5.162645 ] }, { "date": "2025-10-24", "close": 5.75, "volume": 108463322, "typical_volume": 165640535.7, "trend": 4.779333, "fair_value": 4.63109, "relative_strength": 17.207006, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.010174, "energy": 14.13269, "activity_lines": [ 5.391333, 5.402545, 5.488429, 5.230473 ] }, { "date": "2025-10-31", "close": 5.43, "volume": 123224889, "typical_volume": 168993007.55, "trend": 4.848, "fair_value": 4.631154, "relative_strength": 10.270504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.298177, "energy": 18.852598, "activity_lines": [ 5.43, 5.397455, 5.496048, 5.272452 ] }, { "date": "2025-11-07", "close": 6.09, "volume": 290867458, "typical_volume": 180391643.55, "trend": 4.944333, "fair_value": 4.635513, "relative_strength": 21.730019, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.591749, "energy": 48.027759, "activity_lines": [ 5.671333, 5.518545, 5.560095, 5.352581 ] }, { "date": "2025-11-14", "close": 6.14, "volume": 159568947, "typical_volume": 172917874.35, "trend": 5.040333, "fair_value": 4.642051, "relative_strength": 22.267068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.597593, "energy": 67.441655, "activity_lines": [ 5.868, 5.640364, 5.621143, 5.42972 ] }, { "date": "2025-11-21", "close": 5.63, "volume": 137008774, "typical_volume": 166800674.75, "trend": 5.119667, "fair_value": 4.643333, "relative_strength": 16.194739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.050762, "energy": 53.90635, "activity_lines": [ 5.839333, 5.658182, 5.628333, 5.467763 ] }, { "date": "2025-11-28", "close": 5.82, "volume": 75490300, "typical_volume": 162019510.15, "trend": 5.196667, "fair_value": 4.643269, "relative_strength": 17.961313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.351433, "energy": 50.839356, "activity_lines": [ 5.843333, 5.710364, 5.64819, 5.512946 ] }, { "date": "2025-12-05", "close": 5.48, "volume": 59434506, "typical_volume": 160186984.45, "trend": 5.253667, "fair_value": 4.642179, "relative_strength": 10.493583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.066424, "energy": 26.145271, "activity_lines": [ 5.729333, 5.694364, 5.630429, 5.531226 ] }, { "date": "2025-12-12", "close": 5.14, "volume": 56444454, "typical_volume": 142616112.6, "trend": 5.297667, "fair_value": 4.638397, "relative_strength": 4.023519, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.125706, "energy": 10.339815, "activity_lines": [ 5.498667, 5.610909, 5.575667, 5.523892 ] }, { "date": "2025-12-19", "close": 5.21, "volume": 53531076, "typical_volume": 113741135.75, "trend": 5.341333, "fair_value": 4.634808, "relative_strength": 5.258725, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.174031, "energy": 16.214262, "activity_lines": [ 5.354667, 5.540727, 5.531429, 5.518237 ] }, { "date": "2025-12-26", "close": 5.2, "volume": 43994412, "typical_volume": 98127842.65, "trend": 5.379333, "fair_value": 4.631218, "relative_strength": 2.759087, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.418286, "energy": 28.647307, "activity_lines": [ 5.269333, 5.470545, 5.495524, 5.509118 ] }, { "date": "2026-01-02", "close": 5.19, "volume": 27781820, "typical_volume": 90314909.75, "trend": 5.411, "fair_value": 4.629295, "relative_strength": 1.978694, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.09108, "energy": 39.037548, "activity_lines": [ 5.209333, 5.398, 5.463476, 5.496903 ] }, { "date": "2026-01-09", "close": 5.6, "volume": 103391083, "typical_volume": 86919078.5, "trend": 5.461667, "fair_value": 4.631731, "relative_strength": 5.454549, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.763989, "energy": 23.045718, "activity_lines": [ 5.328, 5.410182, 5.473429, 5.509097 ] }, { "date": "2026-01-16", "close": 5.56, "volume": 85656310, "typical_volume": 85819132.7, "trend": 5.498333, "fair_value": 4.633333, "relative_strength": 4.713943, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.209394, "energy": 5.133417, "activity_lines": [ 5.425333, 5.412, 5.480381, 5.515441 ] }, { "date": "2026-01-23", "close": 6.23, "volume": 50784380, "typical_volume": 84444340.9, "trend": 5.538333, "fair_value": 4.638013, "relative_strength": 15.590344, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.451723, "energy": 29.038703, "activity_lines": [ 5.718, 5.545273, 5.551476, 5.562645 ] }, { "date": "2026-01-30", "close": 6.23, "volume": 0, "typical_volume": 81384747.1, "trend": 5.596333, "fair_value": 4.64359, "relative_strength": 15.333087, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.261274, "energy": 55.104695, "activity_lines": [ 5.942667, 5.676909, 5.61919, 5.607269 ] }, { "date": "2026-02-06", "close": 8.29, "volume": 70390170, "typical_volume": 81549755.8, "trend": 5.715333, "fair_value": 4.661603, "relative_strength": 53.298384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.246412, "energy": 94.605558, "activity_lines": [ 6.785333, 6.172182, 5.88019, 5.781054 ] }, { "date": "2026-02-13", "close": 6.76, "volume": 476155934, "typical_volume": 101864141.35, "trend": 5.790333, "fair_value": 4.668205, "relative_strength": 23.44891, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.887038, "energy": 79.729866, "activity_lines": [ 6.911333, 6.344364, 5.982048, 5.848452 ] }, { "date": "2026-02-27", "close": 7.72, "volume": 300579223, "typical_volume": 115591332.9, "trend": 5.849333, "fair_value": 4.680769, "relative_strength": 36.639769, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.383558, "energy": 87.031366, "activity_lines": [ 7.28, 6.667818, 6.167762, 5.972946 ] }, { "date": "2026-03-06", "close": 7.45, "volume": 203548744, "typical_volume": 124381465.1, "trend": 5.859, "fair_value": 4.691282, "relative_strength": 31.699255, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.508289, "energy": 80.717506, "activity_lines": [ 7.414667, 6.895273, 6.315619, 6.076215 ] }, { "date": "2026-03-13", "close": 6.82, "volume": 133696860, "typical_volume": 128000633.1, "trend": 5.879333, "fair_value": 4.696923, "relative_strength": 20.349724, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.743205, "energy": 50.875471, "activity_lines": [ 7.258, 6.967455, 6.393286, 6.138215 ] }, { "date": "2026-03-20", "close": 6.59, "volume": 123855111, "typical_volume": 128770222.55, "trend": 5.905333, "fair_value": 4.699551, "relative_strength": 19.370958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.013099, "energy": 41.221726, "activity_lines": [ 6.985333, 6.968364, 6.44119, 6.184065 ] }, { "date": "2026-03-27", "close": 6.6, "volume": 268858094, "typical_volume": 136051882.8, "trend": 5.933, "fair_value": 4.705256, "relative_strength": 19.900979, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.420682, "energy": 24.731818, "activity_lines": [ 6.829333, 6.945636, 6.486048, 6.228882 ] }, { "date": "2026-04-03", "close": 5.94, "volume": 103885594, "typical_volume": 126702789.6, "trend": 5.943333, "fair_value": 4.706218, "relative_strength": 8.052368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.135475, "energy": 19.56288, "activity_lines": [ 6.464, 6.784727, 6.462476, 6.229333 ] }, { "date": "2026-04-10", "close": 6.37, "volume": 61628100, "typical_volume": 121805747.25, "trend": 5.971667, "fair_value": 4.71109, "relative_strength": 11.893823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.405478, "energy": 20.844647, "activity_lines": [ 6.360667, 6.695091, 6.480571, 6.25686 ] }, { "date": "2026-04-17", "close": 6.37, "volume": 50930941, "typical_volume": 117501855.6, "trend": 5.996667, "fair_value": 4.717564, "relative_strength": 9.233966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.823119, "energy": 18.350973, "activity_lines": [ 6.329333, 6.602909, 6.497571, 6.282559 ] }, { "date": "2026-04-24", "close": 5.87, "volume": 72773900, "typical_volume": 117366035.6, "trend": 6.01, "fair_value": 4.72109, "relative_strength": -0.631944, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.276658, "energy": 12.514844, "activity_lines": [ 6.161333, 6.417273, 6.463429, 6.274387 ] }, { "date": "2026-05-01", "close": 6.17, "volume": 89493200, "typical_volume": 118868970.3, "trend": 6.043333, "fair_value": 4.726282, "relative_strength": 2.924338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.067016, "energy": 12.122722, "activity_lines": [ 6.141333, 6.330182, 6.457619, 6.28471 ] }, { "date": "2026-05-08", "close": 6.52, "volume": 63333433, "typical_volume": 119213419.25, "trend": 6.088333, "fair_value": 4.735385, "relative_strength": 6.312491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.158992, "energy": 10.006869, "activity_lines": [ 6.266667, 6.317455, 6.481857, 6.315462 ] }, { "date": "2026-05-15", "close": 6.5, "volume": 162029321, "typical_volume": 124638331.5, "trend": 6.128, "fair_value": 4.743782, "relative_strength": 6.509057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.864884, "energy": 12.487199, "activity_lines": [ 6.346667, 6.322909, 6.497619, 6.342022 ] }, { "date": "2026-05-22", "close": 6.94, "volume": 231204546, "typical_volume": 133998838.2, "trend": 6.187, "fair_value": 4.753846, "relative_strength": 13.52268, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.178639, "energy": 23.290695, "activity_lines": [ 6.564667, 6.425636, 6.549143, 6.394409 ] }, { "date": "2026-05-29", "close": 6.12, "volume": 143498027, "typical_volume": 139784648.55, "trend": 6.199333, "fair_value": 4.760321, "relative_strength": 0.757564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.399393, "energy": 14.497972, "activity_lines": [ 6.471333, 6.377091, 6.514286, 6.390086 ] }, { "date": "2026-06-05", "close": 6.03, "volume": 24521900, "typical_volume": 135841189.4, "trend": 6.219333, "fair_value": 4.766282, "relative_strength": -0.083584, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.140124, "energy": 8.980805, "activity_lines": [ 6.331333, 6.320727, 6.466429, 6.379161 ] }, { "date": "2026-06-12", "close": 6.67, "volume": 82266002, "typical_volume": 135671674.0, "trend": 6.238667, "fair_value": 4.772179, "relative_strength": 9.850815, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.735633, "energy": 15.366445, "activity_lines": [ 6.414, 6.391091, 6.477476, 6.408237 ] }, { "date": "2026-06-19", "close": 6.46, "volume": 210531394, "typical_volume": 143659024.7, "trend": 6.249333, "fair_value": 4.779551, "relative_strength": 4.36398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.547559, "energy": 12.152317, "activity_lines": [ 6.416667, 6.41, 6.463238, 6.422516 ] }, { "date": "2026-06-26", "close": 6.05, "volume": 24070240, "typical_volume": 144862536.7, "trend": 6.263333, "fair_value": 4.785192, "relative_strength": -0.945598, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.148275, "energy": 6.358547, "activity_lines": [ 6.285333, 6.352727, 6.408857, 6.409656 ] }, { "date": "2026-07-03", "close": 5.84, "volume": 28752862, "typical_volume": 142780671.3, "trend": 6.264, "fair_value": 4.789038, "relative_strength": -4.741291, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.350941, "energy": 23.740732, "activity_lines": [ 6.143333, 6.263091, 6.335333, 6.382344 ] }, { "date": "2026-07-10", "close": 5.7, "volume": 188522995, "typical_volume": 128399024.35, "trend": 6.271333, "fair_value": 4.793526, "relative_strength": -6.078977, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.531243, "energy": 39.910637, "activity_lines": [ 5.973333, 6.148545, 6.260143, 6.345957 ] }, { "date": "2026-07-17", "close": 4.91, "volume": 99999692, "typical_volume": 118370047.8, "trend": 6.263667, "fair_value": 4.791667, "relative_strength": -14.065716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.377307, "energy": 68.629649, "activity_lines": [ 5.562, 5.898909, 6.114762, 6.258129 ] }, { "date": "2026-07-24", "close": 4.66, "volume": 80140217, "typical_volume": 112199621.45, "trend": 6.245333, "fair_value": 4.787821, "relative_strength": -19.455898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.134835, "energy": 77.24284, "activity_lines": [ 5.184667, 5.633091, 5.958952, 6.154667 ] }, { "date": "2026-07-31", "close": 4.93, "volume": 54740299, "typical_volume": 108251793.4, "trend": 6.236333, "fair_value": 4.786154, "relative_strength": -14.791948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.471812, "energy": 76.312885, "activity_lines": [ 5.017333, 5.449818, 5.842143, 6.069806 ] }, { "date": "2026-08-07", "close": 5.3, "volume": 63976129, "typical_volume": 105257844.3, "trend": 6.24, "fair_value": 4.786346, "relative_strength": -10.140307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.657501, "energy": 71.917348, "activity_lines": [ 5.048, 5.370364, 5.769571, 6.009398 ] } ], "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." } } }