{ "ticker": { "uuid": "baef9e23-7147-4b54-8d85-2b08d0d1f9e8", "symbol": "PASG", "name": "Passage Bio Inc", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "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": -66.56, "architecture_energy": 61.93, "architecture_maturity": 44.492, "architecture_confidence": 96, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 12.05, "rotation_up": 27.7, "upward_expansion": 12.82, "deceleration": 42.04, "rotation_down": 51.49, "downward_expansion": 86.16 }, "activity_lines": [ 4.595333, 4.748909, 5.195976, 5.889194 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 4.4, "trend_reference": 7.104833, "distance_from_trend": -0.380703, "trend_direction": "Weakening", "fair_value": 12.719807, "distance_from_fair_value": -0.654083, "fair_value_direction": "Improving", "relative_strength": -51.443173, "relative_strength_direction": "Improving", "price_momentum": -0.537329, "excess_performance": -0.724783, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.380703, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.199395, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.654083, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.042082, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.514432, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.066959, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.537329, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.4619, "read": "Supply-led" } ], "volume": { "latest": 69406, "relative_activity": 0.166846, "balance": 0.4619, "dry_up": 0.420478, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.198358, "annualized_volatility": 1.258528, "from_high_reference": -0.78, "from_low_reference": 0.337386 }, "levels": { "trend_reference": 7.104833, "fair_value_reference": 12.719807, "structural_low": 3.29, "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": 41, "median_return": -0.048515, "positive_rate": 0.292683, "directional_follow_through": 0.707317, "median_excess_return": -0.076353, "regime_survival": 0.853659, "best_return": 0.590645, "worst_return": -0.368687, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.141518, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.159974, "regime_survival": 0.733333, "best_return": 0.997869, "worst_return": -0.591922, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.333259, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.398347, "regime_survival": 0.428571, "best_return": 1.012072, "worst_return": -0.744551, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.550121, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.650354, "regime_survival": 0.75, "best_return": -0.094832, "worst_return": -0.827376, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-02", "end": "2024-04-12", "tenure": "Developing", "return": 0.313725, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-06-21", "tenure": "Developing", "return": -0.208696, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.183581, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-19", "end": "2024-11-22", "tenure": "Established", "return": -0.438827, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-29", "end": "2024-12-06", "tenure": "New", "return": -0.314159, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2025-02-28", "tenure": "Developing", "return": -0.317523, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-06-27", "tenure": "Established", "return": -0.280217, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-12-05", "tenure": "Established", "return": -0.001518, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-02-06", "tenure": "Developing", "return": -0.029096, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": -0.15437, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": -0.33109, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": 0.327791, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": -0.004255, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.037199, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.1, "volume": 1239747, "typical_volume": 1116487.05, "trend": 20.941867, "fair_value": 159.409333, "relative_strength": -47.496016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.712629, "energy": 69.537991, "activity_lines": [ 16.564267, 17.518691, 18.360505, 19.198852 ] }, { "date": "2023-08-25", "close": 15.292, "volume": 1056538, "typical_volume": 1089573.7, "trend": 20.4316, "fair_value": 157.453513, "relative_strength": -46.540636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.511459, "energy": 72.421359, "activity_lines": [ 15.9008, 17.034218, 18.00021, 18.834344 ] }, { "date": "2023-09-01", "close": 15.48, "volume": 733066, "typical_volume": 1095194.65, "trend": 19.914267, "fair_value": 155.639923, "relative_strength": -46.598207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.141481, "energy": 71.587001, "activity_lines": [ 15.6048, 16.655527, 17.684048, 18.514886 ] }, { "date": "2023-09-08", "close": 15.32, "volume": 472619, "typical_volume": 1076208.0, "trend": 19.538267, "fair_value": 153.757359, "relative_strength": -45.377662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.295791, "energy": 67.804779, "activity_lines": [ 15.3932, 16.268073, 17.380838, 18.218482 ] }, { "date": "2023-09-15", "close": 14.91, "volume": 696983, "typical_volume": 1087315.65, "trend": 19.195267, "fair_value": 151.826013, "relative_strength": -45.616096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.260841, "energy": 59.297905, "activity_lines": [ 15.196933, 15.869818, 17.058495, 17.919884 ] }, { "date": "2023-09-22", "close": 13.502, "volume": 957629, "typical_volume": 1112276.25, "trend": 18.865333, "fair_value": 150.202308, "relative_strength": -48.301164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.335408, "energy": 63.897819, "activity_lines": [ 14.624133, 15.279018, 16.630105, 17.552576 ] }, { "date": "2023-09-29", "close": 13.16, "volume": 832086, "typical_volume": 1131963.65, "trend": 18.484, "fair_value": 148.455897, "relative_strength": -48.887465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.997414, "energy": 77.690366, "activity_lines": [ 14.043867, 14.746, 16.202943, 17.18449 ] }, { "date": "2023-10-06", "close": 12.998, "volume": 516944, "typical_volume": 1139593.4, "trend": 18.1506, "fair_value": 146.580244, "relative_strength": -49.523651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.8375, "energy": 80.953925, "activity_lines": [ 13.551733, 14.305418, 15.793876, 16.830555 ] }, { "date": "2023-10-13", "close": 13.2, "volume": 853470, "typical_volume": 1153920.45, "trend": 17.843933, "fair_value": 144.38409, "relative_strength": -48.031299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.835192, "energy": 79.988574, "activity_lines": [ 13.2924, 13.984255, 15.436438, 16.511161 ] }, { "date": "2023-10-20", "close": 13.16, "volume": 504450, "typical_volume": 1156790.7, "trend": 17.589267, "fair_value": 142.281269, "relative_strength": -45.803815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.808617, "energy": 74.380431, "activity_lines": [ 13.161067, 13.735818, 15.109067, 16.208972 ] }, { "date": "2023-10-27", "close": 12.702, "volume": 756552, "typical_volume": 1143249.15, "trend": 17.3742, "fair_value": 140.207564, "relative_strength": -45.441985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.315793, "energy": 69.005046, "activity_lines": [ 12.993733, 13.461236, 14.767314, 15.893665 ] }, { "date": "2023-11-03", "close": 13.12, "volume": 1384371, "typical_volume": 989423.5, "trend": 17.1182, "fair_value": 138.119872, "relative_strength": -46.179041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.561675, "energy": 53.887156, "activity_lines": [ 13.019067, 13.306255, 14.49641, 15.6192 ] }, { "date": "2023-11-10", "close": 12.0, "volume": 2511089, "typical_volume": 1040079.3, "trend": 16.804867, "fair_value": 136.048077, "relative_strength": -51.165917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.447348, "energy": 56.980336, "activity_lines": [ 12.673733, 12.987127, 14.147933, 15.288994 ] }, { "date": "2023-11-17", "close": 12.0, "volume": 2021370, "typical_volume": 981845.8, "trend": 16.5548, "fair_value": 133.939103, "relative_strength": -51.203673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.214538, "energy": 55.164945, "activity_lines": [ 12.394933, 12.731273, 13.821352, 14.979002 ] }, { "date": "2023-11-24", "close": 12.4, "volume": 542504, "typical_volume": 983200.7, "trend": 16.2748, "fair_value": 131.513462, "relative_strength": -49.168675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.037395, "energy": 50.022396, "activity_lines": [ 12.329467, 12.608509, 13.565371, 14.710951 ] }, { "date": "2023-12-01", "close": 13.34, "volume": 1852313, "typical_volume": 1017545.7, "trend": 16.0328, "fair_value": 128.422051, "relative_strength": -44.528011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.689795, "energy": 42.286316, "activity_lines": [ 12.628, 12.702291, 13.427486, 14.521609 ] }, { "date": "2023-12-08", "close": 12.94, "volume": 2299358, "typical_volume": 1097244.9, "trend": 15.7908, "fair_value": 124.985769, "relative_strength": -45.763362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.019065, "energy": 31.700259, "activity_lines": [ 12.750667, 12.726291, 13.283695, 14.322073 ] }, { "date": "2023-12-15", "close": 15.016, "volume": 1142652, "typical_volume": 1101427.35, "trend": 15.631333, "fair_value": 121.714077, "relative_strength": -38.107958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.593756, "energy": 14.947437, "activity_lines": [ 13.577333, 13.131745, 13.37059, 14.272086 ] }, { "date": "2023-12-22", "close": 19.724, "volume": 20255874, "typical_volume": 2087733.5, "trend": 15.611667, "fair_value": 118.452051, "relative_strength": -18.207335, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.881412, "energy": 38.882372, "activity_lines": [ 15.772267, 14.356509, 13.917914, 14.536129 ] }, { "date": "2023-12-29", "close": 20.2, "volume": 2017181, "typical_volume": 2132339.8, "trend": 15.641667, "fair_value": 115.303333, "relative_strength": -14.987373, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.450658, "energy": 57.941914, "activity_lines": [ 17.610933, 15.5492, 14.500457, 14.832151 ] }, { "date": "2024-01-05", "close": 18.54, "volume": 2080819, "typical_volume": 2174393.4, "trend": 15.619, "fair_value": 111.906795, "relative_strength": -16.868985, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.479063, "energy": 60.50088, "activity_lines": [ 18.376267, 16.312073, 14.906343, 15.01914 ] }, { "date": "2024-01-12", "close": 21.6, "volume": 2869935, "typical_volume": 2265063.25, "trend": 15.698, "fair_value": 108.424744, "relative_strength": -4.050379, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.421634, "energy": 74.748343, "activity_lines": [ 19.814933, 17.525164, 15.587276, 15.405011 ] }, { "date": "2024-01-19", "close": 17.978, "volume": 671983, "typical_volume": 2262009.1, "trend": 15.744, "fair_value": 106.000244, "relative_strength": -20.315537, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.743302, "energy": 57.161326, "activity_lines": [ 19.468933, 17.925527, 15.893219, 15.552108 ] }, { "date": "2024-01-26", "close": 19.4, "volume": 793572, "typical_volume": 2278056.75, "trend": 15.763133, "fair_value": 103.732295, "relative_strength": -12.722002, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.631639, "energy": 47.021289, "activity_lines": [ 19.399467, 18.475745, 16.322695, 15.787978 ] }, { "date": "2024-02-02", "close": 20.4, "volume": 994270, "typical_volume": 2292921.1, "trend": 15.8298, "fair_value": 101.096397, "relative_strength": -7.490479, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.505124, "energy": 47.635802, "activity_lines": [ 19.684933, 19.073236, 16.827981, 16.087131 ] }, { "date": "2024-02-09", "close": 19.95, "volume": 859764, "typical_volume": 2288027.85, "trend": 15.8248, "fair_value": 98.505051, "relative_strength": -9.718653, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.238223, "energy": 41.133702, "activity_lines": [ 19.807067, 19.443455, 17.264267, 16.352951 ] }, { "date": "2024-02-16", "close": 25.9, "volume": 2464189, "typical_volume": 2369633.0, "trend": 16.026, "fair_value": 96.068513, "relative_strength": 20.071985, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.636859, "energy": 61.633664, "activity_lines": [ 21.818533, 20.775309, 18.236514, 17.002963 ] }, { "date": "2024-02-23", "close": 27.2, "volume": 807796, "typical_volume": 2384175.6, "trend": 16.3478, "fair_value": 93.932615, "relative_strength": 25.192951, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.525423, "energy": 81.085726, "activity_lines": [ 23.976667, 22.107891, 19.271905, 17.723867 ] }, { "date": "2024-03-01", "close": 33.8, "volume": 2164842, "typical_volume": 2449744.2, "trend": 16.8878, "fair_value": 91.606974, "relative_strength": 52.890041, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.134003, "energy": 93.5391, "activity_lines": [ 27.72, 24.418945, 20.868238, 18.849815 ] }, { "date": "2024-03-08", "close": 29.0, "volume": 2419853, "typical_volume": 2545514.35, "trend": 17.311067, "fair_value": 89.05441, "relative_strength": 33.88399, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.812693, "energy": 84.322837, "activity_lines": [ 28.903333, 25.601345, 21.909333, 19.631247 ] }, { "date": "2024-03-15", "close": 30.0, "volume": 1051424, "typical_volume": 2560257.95, "trend": 17.807733, "fair_value": 86.794154, "relative_strength": 40.387068, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.546225, "energy": 79.918867, "activity_lines": [ 29.846667, 26.805564, 22.970238, 20.449888 ] }, { "date": "2024-03-22", "close": 27.8, "volume": 7578274, "typical_volume": 2869953.1, "trend": 18.224667, "fair_value": 84.809538, "relative_strength": 26.545451, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.110346, "energy": 57.496512, "activity_lines": [ 29.386667, 27.401418, 23.739248, 21.094551 ] }, { "date": "2024-03-29", "close": 27.0, "volume": 947879, "typical_volume": 2791792.6, "trend": 18.608667, "fair_value": 82.806974, "relative_strength": 23.524701, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.087223, "energy": 46.8702, "activity_lines": [ 28.533333, 27.739091, 24.362162, 21.660701 ] }, { "date": "2024-04-05", "close": 28.6, "volume": 899966, "typical_volume": 2735722.4, "trend": 19.051333, "fair_value": 80.895436, "relative_strength": 31.942848, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.637087, "energy": 41.744968, "activity_lines": [ 28.226667, 28.203636, 25.066029, 22.305303 ] }, { "date": "2024-04-12", "close": 26.8, "volume": 814541, "typical_volume": 2749324.25, "trend": 19.447667, "fair_value": 79.031333, "relative_strength": 24.574521, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.357837, "energy": 30.977419, "activity_lines": [ 27.666667, 28.173636, 25.519419, 22.805217 ] }, { "date": "2024-04-19", "close": 23.0, "volume": 630210, "typical_volume": 2688219.1, "trend": 19.764267, "fair_value": 77.009538, "relative_strength": 13.291215, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.969165, "energy": 20.524758, "activity_lines": [ 25.986667, 27.336364, 25.542333, 23.0344 ] }, { "date": "2024-04-26", "close": 26.4, "volume": 260476, "typical_volume": 2586275.0, "trend": 20.2056, "fair_value": 74.773641, "relative_strength": 25.28575, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.960203, "energy": 17.676789, "activity_lines": [ 25.906667, 27.061818, 25.843057, 23.462512 ] }, { "date": "2024-05-03", "close": 26.2, "volume": 607719, "typical_volume": 2559528.35, "trend": 20.645667, "fair_value": 72.724923, "relative_strength": 23.254364, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.523511, "energy": 17.309993, "activity_lines": [ 25.853333, 26.741818, 26.060638, 23.849247 ] }, { "date": "2024-05-10", "close": 29.4, "volume": 814246, "typical_volume": 1587446.95, "trend": 21.185667, "fair_value": 70.926205, "relative_strength": 36.038227, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.946738, "energy": 19.956926, "activity_lines": [ 26.92, 27.021818, 26.529724, 24.414043 ] }, { "date": "2024-05-17", "close": 26.4, "volume": 392015, "typical_volume": 1506188.65, "trend": 21.627, "fair_value": 69.345436, "relative_strength": 19.571191, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.572441, "energy": 22.041399, "activity_lines": [ 26.933333, 26.836364, 26.667019, 24.750452 ] }, { "date": "2024-05-24", "close": 22.6, "volume": 1343537, "typical_volume": 1469324.55, "trend": 21.956933, "fair_value": 67.79159, "relative_strength": 1.349273, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.301941, "energy": 6.363929, "activity_lines": [ 25.706667, 26.007273, 26.412886, 24.813226 ] }, { "date": "2024-05-31", "close": 22.8, "volume": 205251, "typical_volume": 1336090.35, "trend": 22.2796, "fair_value": 66.342872, "relative_strength": 4.061038, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.698623, "energy": 6.789695, "activity_lines": [ 24.573333, 25.349091, 26.158467, 24.867617 ] }, { "date": "2024-06-07", "close": 23.7, "volume": 260373, "typical_volume": 1315509.85, "trend": 22.6696, "fair_value": 64.685821, "relative_strength": 5.447804, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.735072, "energy": 12.491309, "activity_lines": [ 23.98, 24.945455, 25.984048, 24.959256 ] }, { "date": "2024-06-14", "close": 21.0, "volume": 433289, "typical_volume": 1297495.7, "trend": 22.9696, "fair_value": 62.97941, "relative_strength": -9.414437, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.732117, "energy": 28.809851, "activity_lines": [ 22.653333, 24.110909, 25.525238, 24.85154 ] }, { "date": "2024-06-21", "close": 18.2, "volume": 405086, "typical_volume": 1268036.5, "trend": 23.162933, "fair_value": 61.306333, "relative_strength": -21.400611, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.063156, "energy": 46.188941, "activity_lines": [ 20.953333, 22.905455, 24.792143, 24.543824 ] }, { "date": "2024-06-28", "close": 15.884, "volume": 383927, "typical_volume": 1244244.65, "trend": 23.247733, "fair_value": 59.41841, "relative_strength": -30.859781, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.316586, "energy": 59.205493, "activity_lines": [ 19.028, 21.435273, 23.848952, 24.074215 ] }, { "date": "2024-07-05", "close": 18.32, "volume": 567305, "typical_volume": 1149400.45, "trend": 23.427067, "fair_value": 57.793538, "relative_strength": -22.572329, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.812164, "energy": 56.204733, "activity_lines": [ 18.3624, 20.537382, 23.157124, 23.756297 ] }, { "date": "2024-07-12", "close": 18.8, "volume": 352969, "typical_volume": 1126659.1, "trend": 23.5532, "fair_value": 56.335846, "relative_strength": -19.830718, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.205671, "energy": 62.97927, "activity_lines": [ 18.155467, 19.873673, 22.547105, 23.457776 ] }, { "date": "2024-07-19", "close": 17.998, "volume": 1880753, "typical_volume": 1112454.65, "trend": 23.495667, "fair_value": 54.819167, "relative_strength": -19.586916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.60471, "energy": 56.587641, "activity_lines": [ 18.007867, 19.198691, 21.900705, 23.099376 ] }, { "date": "2024-07-26", "close": 18.34, "volume": 601201, "typical_volume": 1021522.05, "trend": 23.433667, "fair_value": 53.42391, "relative_strength": -15.664887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.960944, "energy": 39.155362, "activity_lines": [ 18.1744, 18.7932, 21.362124, 22.766753 ] }, { "date": "2024-08-02", "close": 18.6, "volume": 863867, "typical_volume": 1012144.2, "trend": 23.435667, "fair_value": 51.9175, "relative_strength": -11.534998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.532608, "energy": 34.191967, "activity_lines": [ 18.418267, 18.581527, 20.899067, 22.454903 ] }, { "date": "2024-08-09", "close": 14.636, "volume": 4960771, "typical_volume": 881269.05, "trend": 23.203533, "fair_value": 50.462603, "relative_strength": -30.292453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.233498, "energy": 43.75313, "activity_lines": [ 17.159733, 17.721855, 20.112771, 21.887183 ] }, { "date": "2024-08-16", "close": 15.258, "volume": 589890, "typical_volume": 863369.6, "trend": 23.112867, "fair_value": 49.11041, "relative_strength": -30.801374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.931011, "energy": 53.016429, "activity_lines": [ 16.354133, 17.123709, 19.4484, 21.374568 ] }, { "date": "2024-08-23", "close": 15.056, "volume": 1147828, "typical_volume": 875762.7, "trend": 22.968067, "fair_value": 47.681282, "relative_strength": -32.117052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.787038, "energy": 63.806825, "activity_lines": [ 15.717333, 16.642327, 18.820705, 20.85477 ] }, { "date": "2024-08-30", "close": 14.012, "volume": 1014809, "typical_volume": 885776.1, "trend": 22.755133, "fair_value": 46.30059, "relative_strength": -36.013538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.709299, "energy": 71.257212, "activity_lines": [ 14.928667, 16.0792, 18.158076, 20.276959 ] }, { "date": "2024-09-06", "close": 14.08, "volume": 1363011, "typical_volume": 922416.15, "trend": 22.559467, "fair_value": 44.957513, "relative_strength": -31.463526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.117501, "energy": 66.824767, "activity_lines": [ 14.4512, 15.604582, 17.562819, 19.717273 ] }, { "date": "2024-09-13", "close": 16.134, "volume": 1150156, "typical_volume": 966900.15, "trend": 22.233933, "fair_value": 43.566064, "relative_strength": -25.664094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.917184, "energy": 49.708343, "activity_lines": [ 14.959733, 15.536218, 17.205657, 19.302727 ] }, { "date": "2024-09-20", "close": 13.62, "volume": 1531837, "typical_volume": 1013106.05, "trend": 21.781267, "fair_value": 42.332859, "relative_strength": -37.917057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.110632, "energy": 48.505549, "activity_lines": [ 14.5304, 15.050509, 16.657952, 18.746989 ] }, { "date": "2024-09-27", "close": 13.68, "volume": 1272400, "typical_volume": 1036013.75, "trend": 21.1106, "fair_value": 41.121833, "relative_strength": -38.049904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.929656, "energy": 45.850674, "activity_lines": [ 14.230267, 14.669891, 16.175867, 18.224327 ] }, { "date": "2024-10-04", "close": 12.98, "volume": 1138569, "typical_volume": 1073341.45, "trend": 20.5766, "fair_value": 40.006321, "relative_strength": -41.057533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.368451, "energy": 47.256803, "activity_lines": [ 13.788533, 14.240509, 15.701971, 17.699772 ] }, { "date": "2024-10-11", "close": 12.0, "volume": 1483831, "typical_volume": 1080356.15, "trend": 19.9766, "fair_value": 38.833244, "relative_strength": -45.897164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.964303, "energy": 52.831469, "activity_lines": [ 13.088933, 13.7304, 15.198648, 17.146443 ] }, { "date": "2024-10-18", "close": 11.59, "volume": 985731, "typical_volume": 1119380.15, "trend": 19.436267, "fair_value": 37.763949, "relative_strength": -47.550514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.388935, "energy": 57.445175, "activity_lines": [ 12.391333, 13.265745, 14.706752, 16.605372 ] }, { "date": "2024-10-25", "close": 12.068, "volume": 1593395, "typical_volume": 1186031.25, "trend": 18.938533, "fair_value": 36.723359, "relative_strength": -45.18216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.891754, "energy": 54.27734, "activity_lines": [ 12.156, 12.943382, 14.313762, 16.13 ] }, { "date": "2024-11-01", "close": 12.588, "volume": 818051, "typical_volume": 1205269.35, "trend": 18.4048, "fair_value": 35.577128, "relative_strength": -41.639513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.589508, "energy": 50.090919, "activity_lines": [ 12.197467, 12.773564, 14.025686, 15.720288 ] }, { "date": "2024-11-08", "close": 12.26, "volume": 856918, "typical_volume": 1227860.95, "trend": 17.920133, "fair_value": 34.533923, "relative_strength": -45.923063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.317091, "energy": 45.82141, "activity_lines": [ 12.2024, 12.588982, 13.746429, 15.323849 ] }, { "date": "2024-11-15", "close": 10.38, "volume": 1321834, "typical_volume": 1274756.3, "trend": 17.499467, "fair_value": 33.526103, "relative_strength": -52.379598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.033512, "energy": 48.706271, "activity_lines": [ 11.628667, 12.094436, 13.31641, 14.837389 ] }, { "date": "2024-11-22", "close": 10.1, "volume": 1488447, "typical_volume": 1320813.4, "trend": 16.956133, "fair_value": 32.658795, "relative_strength": -54.266694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.4819, "energy": 49.609401, "activity_lines": [ 11.0696, 11.616255, 12.885933, 14.360004 ] }, { "date": "2024-11-29", "close": 22.6, "volume": 17600312, "typical_volume": 2183180.55, "trend": 16.836133, "fair_value": 31.883154, "relative_strength": 1.100485, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.272818, "energy": 7.289243, "activity_lines": [ 14.776533, 13.520509, 13.685076, 14.724125 ] }, { "date": "2024-12-06", "close": 15.5, "volume": 3509453, "typical_volume": 2264615.55, "trend": 16.3728, "fair_value": 31.067128, "relative_strength": -32.754379, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -11.942367, "energy": 14.857202, "activity_lines": [ 15.414667, 13.970582, 13.789933, 14.637923 ] }, { "date": "2024-12-13", "close": 15.18, "volume": 1124268, "typical_volume": 2290768.9, "trend": 15.9988, "fair_value": 30.313154, "relative_strength": -34.395113, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.865145, "energy": 18.723096, "activity_lines": [ 15.752, 14.329382, 13.87621, 14.560968 ] }, { "date": "2024-12-20", "close": 13.2, "volume": 4492203, "typical_volume": 2472185.7, "trend": 15.685467, "fair_value": 29.533667, "relative_strength": -41.046674, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.525856, "energy": 21.145298, "activity_lines": [ 15.234667, 14.288182, 13.788962, 14.3804 ] }, { "date": "2024-12-27", "close": 13.14, "volume": 956002, "typical_volume": 2271947.25, "trend": 15.363467, "fair_value": 28.803795, "relative_strength": -41.205511, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.16396, "energy": 9.278192, "activity_lines": [ 14.509333, 14.214255, 13.721714, 14.216176 ] }, { "date": "2025-01-03", "close": 16.58, "volume": 9958214, "typical_volume": 2740363.45, "trend": 15.126133, "fair_value": 28.189564, "relative_strength": -24.73516, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.465783, "energy": 6.331376, "activity_lines": [ 14.728, 14.7376, 13.98921, 14.294662 ] }, { "date": "2025-01-10", "close": 13.4, "volume": 1934819, "typical_volume": 2779713.0, "trend": 14.8728, "fair_value": 27.537, "relative_strength": -37.045695, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.957508, "energy": 14.622361, "activity_lines": [ 14.288, 14.600727, 13.947552, 14.183299 ] }, { "date": "2025-01-17", "close": 12.0, "volume": 1137253, "typical_volume": 2785835.2, "trend": 14.666133, "fair_value": 26.999821, "relative_strength": -44.689894, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.794413, "energy": 19.222183, "activity_lines": [ 13.521333, 14.194545, 13.780448, 13.997957 ] }, { "date": "2025-01-24", "close": 12.12, "volume": 534396, "typical_volume": 2744404.45, "trend": 14.540667, "fair_value": 26.473667, "relative_strength": -44.373133, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.366268, "energy": 19.777758, "activity_lines": [ 13.006667, 13.814909, 13.634352, 13.83369 ] }, { "date": "2025-01-31", "close": 11.68, "volume": 723782, "typical_volume": 2723085.75, "trend": 14.319333, "fair_value": 25.945974, "relative_strength": -44.984175, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.046952, "energy": 33.432771, "activity_lines": [ 12.417333, 13.323636, 13.455686, 13.649131 ] }, { "date": "2025-02-07", "close": 11.822, "volume": 899383, "typical_volume": 2691463.05, "trend": 14.086733, "fair_value": 25.496115, "relative_strength": -43.76222, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.504295, "energy": 37.917483, "activity_lines": [ 11.972667, 12.829455, 13.311752, 13.488013 ] }, { "date": "2025-02-14", "close": 11.2, "volume": 669522, "typical_volume": 2661319.15, "trend": 13.860133, "fair_value": 25.129449, "relative_strength": -47.226752, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.480683, "energy": 41.17237, "activity_lines": [ 11.637867, 12.418145, 13.117143, 13.301772 ] }, { "date": "2025-02-21", "close": 10.496, "volume": 369718, "typical_volume": 2622876.6, "trend": 13.598667, "fair_value": 24.755705, "relative_strength": -48.333651, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.127425, "energy": 43.466801, "activity_lines": [ 11.215067, 11.957018, 12.867295, 13.084731 ] }, { "date": "2025-02-28", "close": 10.36, "volume": 647336, "typical_volume": 2581051.85, "trend": 13.324, "fair_value": 24.446474, "relative_strength": -45.69359, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.619721, "energy": 52.964345, "activity_lines": [ 10.8472, 11.556327, 12.616324, 12.875785 ] }, { "date": "2025-03-07", "close": 9.2, "volume": 1194437, "typical_volume": 2591487.15, "trend": 13.1428, "fair_value": 24.127244, "relative_strength": -48.918737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.41136, "energy": 64.451296, "activity_lines": [ 10.21, 10.996364, 12.262686, 12.60972 ] }, { "date": "2025-03-14", "close": 7.72, "volume": 1122845, "typical_volume": 2567959.65, "trend": 12.891533, "fair_value": 23.761346, "relative_strength": -54.78302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.550419, "energy": 73.828057, "activity_lines": [ 9.2448, 10.238945, 11.779476, 12.259862 ] }, { "date": "2025-03-21", "close": 10.022, "volume": 704170, "typical_volume": 2562265.6, "trend": 12.723733, "fair_value": 23.419179, "relative_strength": -40.093566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.49202, "energy": 64.977053, "activity_lines": [ 9.3204, 10.061164, 11.53621, 12.074731 ] }, { "date": "2025-03-28", "close": 7.62, "volume": 590831, "typical_volume": 2548961.25, "trend": 12.510667, "fair_value": 23.060333, "relative_strength": -52.177783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.41414, "energy": 67.565224, "activity_lines": [ 8.673867, 9.508073, 11.0764, 11.745458 ] }, { "date": "2025-04-04", "close": 6.8, "volume": 1120426, "typical_volume": 2538890.85, "trend": 12.268, "fair_value": 22.689821, "relative_strength": -51.295002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.272146, "energy": 78.982197, "activity_lines": [ 7.945733, 8.885527, 10.56059, 11.377028 ] }, { "date": "2025-04-11", "close": 7.25, "volume": 733290, "typical_volume": 2501133.0, "trend": 11.971867, "fair_value": 22.365782, "relative_strength": -50.38166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.134792, "energy": 75.172439, "activity_lines": [ 7.604933, 8.441527, 10.104686, 11.053286 ] }, { "date": "2025-04-18", "close": 6.6, "volume": 662413, "typical_volume": 1654238.05, "trend": 11.737867, "fair_value": 22.086295, "relative_strength": -52.622461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.800128, "energy": 80.382192, "activity_lines": [ 7.177467, 7.959891, 9.600448, 10.706714 ] }, { "date": "2025-04-25", "close": 6.44, "volume": 1309002, "typical_volume": 1544215.5, "trend": 11.496533, "fair_value": 21.877577, "relative_strength": -55.238017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.305268, "energy": 77.606414, "activity_lines": [ 6.771333, 7.544109, 9.157162, 10.364916 ] }, { "date": "2025-05-02", "close": 7.9, "volume": 1331575, "typical_volume": 1554580.85, "trend": 11.3272, "fair_value": 21.642321, "relative_strength": -45.38718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.681995, "energy": 50.80907, "activity_lines": [ 7.090667, 7.480327, 8.896067, 10.132882 ] }, { "date": "2025-05-09", "close": 6.584, "volume": 526103, "typical_volume": 1356275.85, "trend": 11.146667, "fair_value": 21.44991, "relative_strength": -52.764738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.740048, "energy": 49.372719, "activity_lines": [ 6.952667, 7.224473, 8.544305, 9.826869 ] }, { "date": "2025-05-16", "close": 6.04, "volume": 2004582, "typical_volume": 1408704.85, "trend": 10.961667, "fair_value": 21.229654, "relative_strength": -58.123359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.714905, "energy": 48.858262, "activity_lines": [ 6.647733, 6.938364, 8.172238, 9.497406 ] }, { "date": "2025-05-23", "close": 7.4, "volume": 1032016, "typical_volume": 962394.95, "trend": 10.806067, "fair_value": 21.038628, "relative_strength": -46.142825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.469811, "energy": 38.657109, "activity_lines": [ 6.8768, 6.956982, 7.963505, 9.267622 ] }, { "date": "2025-05-30", "close": 8.726, "volume": 3546553, "typical_volume": 1042981.65, "trend": 10.677333, "fair_value": 20.809949, "relative_strength": -36.148517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.0241, "energy": 28.098442, "activity_lines": [ 7.494533, 7.222509, 7.924771, 9.133424 ] }, { "date": "2025-06-06", "close": 8.456, "volume": 1318399, "typical_volume": 1052038.95, "trend": 10.550533, "fair_value": 20.538513, "relative_strength": -37.770581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.095422, "energy": 19.841004, "activity_lines": [ 7.869867, 7.462509, 7.882581, 8.990112 ] }, { "date": "2025-06-13", "close": 7.82, "volume": 628877, "typical_volume": 1056763.0, "trend": 10.4652, "fair_value": 20.30659, "relative_strength": -40.829779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.332829, "energy": 19.530324, "activity_lines": [ 7.996133, 7.571673, 7.796695, 8.813948 ] }, { "date": "2025-06-20", "close": 7.82, "volume": 349156, "typical_volume": 1038031.7, "trend": 10.3892, "fair_value": 20.029795, "relative_strength": -39.739053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.497433, "energy": 18.411217, "activity_lines": [ 8.04, 7.662291, 7.731286, 8.64329 ] }, { "date": "2025-06-27", "close": 6.622, "volume": 2844848, "typical_volume": 1135304.95, "trend": 9.8566, "fair_value": 19.767115, "relative_strength": -50.178831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.882982, "energy": 22.667985, "activity_lines": [ 7.565867, 7.524727, 7.570162, 8.400245 ] }, { "date": "2025-07-04", "close": 9.224, "volume": 1725379, "typical_volume": 1188097.8, "trend": 9.6474, "fair_value": 19.509577, "relative_strength": -30.484185, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.017706, "energy": 7.362631, "activity_lines": [ 8.010933, 7.859855, 7.68161, 8.359432 ] }, { "date": "2025-07-11", "close": 8.018, "volume": 5151107, "typical_volume": 1427167.25, "trend": 9.408667, "fair_value": 19.284051, "relative_strength": -38.16966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.515003, "energy": 10.112768, "activity_lines": [ 8.0208, 7.925091, 7.68761, 8.25431 ] }, { "date": "2025-07-18", "close": 5.56, "volume": 569663, "typical_volume": 1423283.6, "trend": 9.154, "fair_value": 19.036359, "relative_strength": -56.660082, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.126495, "energy": 28.207601, "activity_lines": [ 7.240533, 7.541273, 7.471314, 8.006009 ] }, { "date": "2025-07-25", "close": 7.44, "volume": 1069587, "typical_volume": 1417041.1, "trend": 8.964, "fair_value": 18.844308, "relative_strength": -41.208203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.53654, "energy": 17.595039, "activity_lines": [ 7.2376, 7.517891, 7.456924, 7.895428 ] }, { "date": "2025-08-01", "close": 5.74, "volume": 248866, "typical_volume": 1373342.15, "trend": 8.602667, "fair_value": 18.596487, "relative_strength": -52.33423, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.156561, "energy": 41.099287, "activity_lines": [ 6.693333, 7.159964, 7.28901, 7.687428 ] }, { "date": "2025-08-08", "close": 6.27, "volume": 94517, "typical_volume": 1342859.5, "trend": 8.365, "fair_value": 18.364885, "relative_strength": -48.820999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.396569, "energy": 47.881349, "activity_lines": [ 6.384533, 6.928582, 7.181, 7.536933 ] }, { "date": "2025-08-15", "close": 6.95, "volume": 235543, "typical_volume": 1325095.1, "trend": 8.196667, "fair_value": 18.140205, "relative_strength": -42.493804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.299353, "energy": 33.740193, "activity_lines": [ 6.499333, 6.865491, 7.155619, 7.445643 ] }, { "date": "2025-08-22", "close": 7.54, "volume": 177752, "typical_volume": 1277961.4, "trend": 8.044, "fair_value": 17.930846, "relative_strength": -35.945913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.610368, "energy": 24.125681, "activity_lines": [ 6.882, 6.937055, 7.189619, 7.403277 ] }, { "date": "2025-08-29", "close": 7.13, "volume": 69986, "typical_volume": 1244796.2, "trend": 7.892333, "fair_value": 17.722705, "relative_strength": -38.276883, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.971874, "energy": 14.69644, "activity_lines": [ 6.996, 6.939164, 7.181048, 7.34431 ] }, { "date": "2025-09-05", "close": 7.1799, "volume": 133626, "typical_volume": 1218356.85, "trend": 7.737597, "fair_value": 17.536679, "relative_strength": -37.319262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.081096, "energy": 14.360913, "activity_lines": [ 7.1473, 6.962891, 7.1778, 7.298346 ] }, { "date": "2025-09-12", "close": 7.0, "volume": 267425, "typical_volume": 1166278.0, "trend": 7.597597, "fair_value": 17.378987, "relative_strength": -38.67739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.597135, "energy": 13.78569, "activity_lines": [ 7.14264, 6.943765, 7.154658, 7.250759 ] }, { "date": "2025-09-19", "close": 7.17, "volume": 144941, "typical_volume": 1106946.3, "trend": 7.48673, "fair_value": 17.260846, "relative_strength": -37.503438, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.702798, "energy": 11.035037, "activity_lines": [ 7.14598, 6.995985, 7.145039, 7.223172 ] }, { "date": "2025-09-26", "close": 8.0, "volume": 166354, "typical_volume": 1088958.85, "trend": 7.408063, "fair_value": 17.151871, "relative_strength": -28.895838, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.457822, "energy": 5.589028, "activity_lines": [ 7.41132, 7.214533, 7.217944, 7.256287 ] }, { "date": "2025-10-03", "close": 7.95, "volume": 199909, "typical_volume": 998725.2, "trend": 7.366397, "fair_value": 17.029756, "relative_strength": -29.204272, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.01335, "energy": 13.540765, "activity_lines": [ 7.629327, 7.379625, 7.279345, 7.29125 ] }, { "date": "2025-10-10", "close": 8.471, "volume": 215392, "typical_volume": 957894.0, "trend": 7.39143, "fair_value": 16.931493, "relative_strength": -22.001779, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.019287, "energy": 35.193488, "activity_lines": [ 7.966333, 7.630173, 7.381269, 7.362515 ] }, { "date": "2025-10-17", "close": 8.07, "volume": 127716, "typical_volume": 786952.15, "trend": 7.326363, "fair_value": 16.821685, "relative_strength": -26.688806, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.700216, "energy": 49.979033, "activity_lines": [ 8.0836, 7.758156, 7.439903, 7.406294 ] }, { "date": "2025-10-24", "close": 7.143, "volume": 246719, "typical_volume": 733368.15, "trend": 7.310463, "fair_value": 16.703371, "relative_strength": -35.617373, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.316392, "energy": 35.345115, "activity_lines": [ 7.820533, 7.684867, 7.413375, 7.394464 ] }, { "date": "2025-10-31", "close": 7.68, "volume": 149851, "typical_volume": 709416.85, "trend": 7.339797, "fair_value": 16.593628, "relative_strength": -31.080393, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.620533, "energy": 25.643111, "activity_lines": [ 7.738267, 7.705705, 7.444242, 7.418305 ] }, { "date": "2025-11-07", "close": 6.285, "volume": 159933, "typical_volume": 699955.7, "trend": 7.30763, "fair_value": 16.446737, "relative_strength": -40.934731, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.960179, "energy": 15.041161, "activity_lines": [ 7.212333, 7.470362, 7.342919, 7.350254 ] }, { "date": "2025-11-14", "close": 8.85, "volume": 275684, "typical_volume": 571497.5, "trend": 7.38263, "fair_value": 16.33039, "relative_strength": -16.110142, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.312547, "energy": 20.613453, "activity_lines": [ 7.6524, 7.716745, 7.49319, 7.449761 ] }, { "date": "2025-11-21", "close": 7.735, "volume": 275617, "typical_volume": 499009.4, "trend": 7.425797, "fair_value": 16.219717, "relative_strength": -23.754979, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.194755, "energy": 12.864909, "activity_lines": [ 7.695533, 7.730036, 7.526662, 7.472495 ] }, { "date": "2025-11-28", "close": 8.83, "volume": 112183, "typical_volume": 247063.2, "trend": 7.456797, "fair_value": 16.11991, "relative_strength": -14.151964, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.533937, "energy": 33.403848, "activity_lines": [ 8.126, 7.929055, 7.67151, 7.563089 ] }, { "date": "2025-12-05", "close": 9.21, "volume": 233163, "typical_volume": 230238.2, "trend": 7.54433, "fair_value": 16.041769, "relative_strength": -9.796052, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.64006, "energy": 55.064281, "activity_lines": [ 8.570667, 8.166982, 7.848682, 7.676198 ] }, { "date": "2025-12-12", "close": 9.795, "volume": 279174, "typical_volume": 190717.55, "trend": 7.669497, "fair_value": 15.950711, "relative_strength": -0.714801, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.268826, "energy": 62.625442, "activity_lines": [ 9.108333, 8.489273, 8.064188, 7.821403 ] }, { "date": "2025-12-19", "close": 9.59, "volume": 306189, "typical_volume": 193583.7, "trend": 7.742497, "fair_value": 15.848083, "relative_strength": -2.157608, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.258063, "energy": 63.884521, "activity_lines": [ 9.343667, 8.740745, 8.248955, 7.945306 ] }, { "date": "2025-12-26", "close": 10.86, "volume": 133623, "typical_volume": 195539.0, "trend": 7.81363, "fair_value": 15.740775, "relative_strength": 10.495249, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.319641, "energy": 71.336174, "activity_lines": [ 9.953, 9.202782, 8.536341, 8.146436 ] }, { "date": "2026-01-02", "close": 11.69, "volume": 127514, "typical_volume": 190137.55, "trend": 7.92143, "fair_value": 15.574685, "relative_strength": 22.991071, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.280479, "energy": 73.543189, "activity_lines": [ 10.630667, 9.765, 8.880918, 8.396524 ] }, { "date": "2026-01-09", "close": 19.85, "volume": 1007081, "typical_volume": 231604.0, "trend": 8.32243, "fair_value": 15.491672, "relative_strength": 103.043138, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.085622, "energy": 93.821647, "activity_lines": [ 13.837667, 11.728182, 9.980066, 9.166109 ] }, { "date": "2026-01-16", "close": 12.87, "volume": 320602, "typical_volume": 244134.8, "trend": 8.490763, "fair_value": 15.36648, "relative_strength": 33.181647, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.476898, "energy": 76.847199, "activity_lines": [ 14.008667, 12.201, 10.355833, 9.459501 ] }, { "date": "2026-01-23", "close": 12.58, "volume": 311390, "typical_volume": 253023.0, "trend": 8.689363, "fair_value": 15.250967, "relative_strength": 30.326111, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.454341, "energy": 68.518506, "activity_lines": [ 13.878, 12.501364, 10.676648, 9.723323 ] }, { "date": "2026-01-30", "close": 11.5, "volume": 190242, "typical_volume": 249163.85, "trend": 8.76523, "fair_value": 15.125967, "relative_strength": 19.892761, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.735798, "energy": 48.649629, "activity_lines": [ 13.188, 12.537545, 10.86889, 9.904654 ] }, { "date": "2026-02-06", "close": 9.51, "volume": 266148, "typical_volume": 255224.2, "trend": 8.814963, "fair_value": 15.016416, "relative_strength": 2.039473, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.946991, "energy": 17.815249, "activity_lines": [ 11.792, 12.143455, 10.850181, 9.952704 ] }, { "date": "2026-02-13", "close": 8.81, "volume": 234690, "typical_volume": 258641.0, "trend": 8.923297, "fair_value": 14.911352, "relative_strength": -3.494984, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.273177, "energy": 18.903652, "activity_lines": [ 10.308, 11.609727, 10.753662, 9.952383 ] }, { "date": "2026-02-20", "close": 8.61, "volume": 60426, "typical_volume": 251666.85, "trend": 8.962297, "fair_value": 14.816544, "relative_strength": -6.049234, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.40116, "energy": 21.178373, "activity_lines": [ 9.493333, 11.046909, 10.634238, 9.932171 ] }, { "date": "2026-02-27", "close": 9.12, "volume": 132490, "typical_volume": 247521.75, "trend": 9.074963, "fair_value": 14.717313, "relative_strength": 0.467157, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.296596, "energy": 23.093497, "activity_lines": [ 9.132667, 10.598364, 10.560243, 9.942345 ] }, { "date": "2026-03-06", "close": 8.4, "volume": 238167, "typical_volume": 253044.3, "trend": 9.145963, "fair_value": 14.623724, "relative_strength": -5.719484, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.680443, "energy": 25.567451, "activity_lines": [ 8.762667, 10.027455, 10.414586, 9.898799 ] }, { "date": "2026-03-13", "close": 7.45, "volume": 282080, "typical_volume": 254812.35, "trend": 9.16263, "fair_value": 14.52789, "relative_strength": -15.134401, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.293512, "energy": 31.321672, "activity_lines": [ 8.282667, 9.328545, 10.176881, 9.789382 ] }, { "date": "2026-03-20", "close": 7.43, "volume": 177100, "typical_volume": 256174.8, "trend": 9.158963, "fair_value": 14.442185, "relative_strength": -12.738096, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.05479, "energy": 33.877785, "activity_lines": [ 7.933333, 8.703091, 9.93581, 9.6776 ] }, { "date": "2026-03-27", "close": 6.38, "volume": 170345, "typical_volume": 256695.4, "trend": 9.133963, "fair_value": 14.360301, "relative_strength": -22.0615, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.910524, "energy": 42.95638, "activity_lines": [ 7.326, 8.112545, 9.595929, 9.498312 ] }, { "date": "2026-04-03", "close": 8.08, "volume": 125750, "typical_volume": 249198.7, "trend": 9.163967, "fair_value": 14.278762, "relative_strength": -4.777697, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.69726, "energy": 34.721403, "activity_lines": [ 7.434, 7.949091, 9.4175, 9.430314 ] }, { "date": "2026-04-10", "close": 9.89, "volume": 326380, "typical_volume": 251736.85, "trend": 9.2603, "fair_value": 14.20498, "relative_strength": 11.55411, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.219749, "energy": 15.267831, "activity_lines": [ 8.214667, 8.196545, 9.415119, 9.477155 ] }, { "date": "2026-04-17", "close": 11.67, "volume": 169058, "typical_volume": 254580.6, "trend": 9.4103, "fair_value": 14.154775, "relative_strength": 23.467595, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 16.643079, "energy": 13.800354, "activity_lines": [ 9.489333, 8.796909, 9.572, 9.632619 ] }, { "date": "2026-04-24", "close": 5.84, "volume": 1946252, "typical_volume": 340235.05, "trend": 9.3383, "fair_value": 14.058878, "relative_strength": -39.153014, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.749767, "energy": 16.252074, "activity_lines": [ 8.539333, 8.298, 9.160119, 9.402277 ] }, { "date": "2026-05-01", "close": 4.97, "volume": 329159, "typical_volume": 342734.3, "trend": 9.238967, "fair_value": 13.958685, "relative_strength": -48.39905, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.630697, "energy": 37.71885, "activity_lines": [ 7.405333, 7.694909, 8.681429, 9.120452 ] }, { "date": "2026-05-08", "close": 4.21, "volume": 545799, "typical_volume": 354714.8, "trend": 9.096933, "fair_value": 13.856185, "relative_strength": -58.139039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.767915, "energy": 72.888817, "activity_lines": [ 6.112, 7.019818, 8.153333, 8.796002 ] }, { "date": "2026-05-15", "close": 5.22, "volume": 402109, "typical_volume": 368139.1, "trend": 9.001933, "fair_value": 13.762724, "relative_strength": -47.624458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.785715, "energy": 77.630638, "activity_lines": [ 5.413333, 6.617636, 7.747048, 8.545877 ] }, { "date": "2026-05-22", "close": 5.225, "volume": 125460, "typical_volume": 368036.4, "trend": 8.938, "fair_value": 13.665999, "relative_strength": -47.680678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.881964, "energy": 78.131165, "activity_lines": [ 5.027667, 6.274182, 7.368095, 8.302204 ] }, { "date": "2026-05-29", "close": 5.77, "volume": 178416, "typical_volume": 326603.15, "trend": 8.874333, "fair_value": 13.579269, "relative_strength": -43.137253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.55411, "energy": 72.324574, "activity_lines": [ 5.253333, 6.070273, 7.071833, 8.097817 ] }, { "date": "2026-06-05", "close": 5.62, "volume": 162763, "typical_volume": 318711.2, "trend": 8.852167, "fair_value": 13.492089, "relative_strength": -41.343308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.579531, "energy": 47.347679, "activity_lines": [ 5.433667, 5.869273, 6.828333, 7.88786 ] }, { "date": "2026-06-12", "close": 5.81, "volume": 215774, "typical_volume": 313930.4, "trend": 8.750833, "fair_value": 13.406063, "relative_strength": -40.149487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.812906, "energy": 39.864078, "activity_lines": [ 5.634, 5.716636, 6.637452, 7.691591 ] }, { "date": "2026-06-19", "close": 5.59, "volume": 189454, "typical_volume": 313891.0, "trend": 8.679333, "fair_value": 13.335499, "relative_strength": -43.319449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.78351, "energy": 32.435635, "activity_lines": [ 5.654333, 5.565273, 6.457857, 7.487667 ] }, { "date": "2026-06-26", "close": 4.7, "volume": 2255760, "typical_volume": 413371.6, "trend": 8.541667, "fair_value": 13.244948, "relative_strength": -49.701415, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -51.471935, "energy": 36.468625, "activity_lines": [ 5.353333, 5.330273, 6.221643, 7.230935 ] }, { "date": "2026-07-03", "close": 4.68, "volume": 303686, "typical_volume": 416821.4, "trend": 8.390667, "fair_value": 13.156999, "relative_strength": -49.604361, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -60.546231, "energy": 42.368329, "activity_lines": [ 5.080667, 5.218364, 6.006429, 6.981796 ] }, { "date": "2026-07-10", "close": 4.57, "volume": 173942, "typical_volume": 422497.2, "trend": 8.2165, "fair_value": 13.057448, "relative_strength": -51.070899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.832505, "energy": 53.575031, "activity_lines": [ 4.844, 5.107545, 5.800405, 6.735301 ] }, { "date": "2026-07-17", "close": 4.83, "volume": 343220, "typical_volume": 433033.7, "trend": 8.057833, "fair_value": 12.961076, "relative_strength": -45.800048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.660082, "energy": 54.80139, "activity_lines": [ 4.764, 5.051273, 5.638381, 6.516817 ] }, { "date": "2026-07-24", "close": 4.94, "volume": 222244, "typical_volume": 432237.55, "trend": 7.8605, "fair_value": 12.880269, "relative_strength": -43.157628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.443305, "energy": 69.329961, "activity_lines": [ 4.786, 5.003727, 5.507262, 6.315667 ] }, { "date": "2026-07-31", "close": 4.47, "volume": 64786, "typical_volume": 421372.85, "trend": 7.619833, "fair_value": 12.796102, "relative_strength": -48.542626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.340639, "energy": 68.448162, "activity_lines": [ 4.694667, 4.875818, 5.347857, 6.096925 ] }, { "date": "2026-08-07", "close": 4.4, "volume": 69406, "typical_volume": 415988.15, "trend": 7.104833, "fair_value": 12.719807, "relative_strength": -51.443173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.559921, "energy": 61.92952, "activity_lines": [ 4.595333, 4.748909, 5.195976, 5.889194 ] } ], "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." } } }