{ "ticker": { "uuid": "c027f24e-119a-467c-a27d-3381f070e0e6", "symbol": "SNZ", "name": "Summerset Group Holdings Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "down", "architecture_direction": -33.993, "architecture_energy": 29.06, "architecture_maturity": 30.028, "architecture_confidence": 63.149, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 48.81, "rotation_up": 23.07, "upward_expansion": 14.52, "deceleration": 65.09, "rotation_down": 36.13, "downward_expansion": 59.86 }, "activity_lines": [ 6.954, 7.000545, 6.874095, 7.101599 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 6.96, "trend_reference": 7.631459, "distance_from_trend": -0.087986, "trend_direction": "Weakening", "fair_value": 9.494393, "distance_from_fair_value": -0.266936, "fair_value_direction": "Improving", "relative_strength": -23.675986, "relative_strength_direction": "Improving", "price_momentum": -0.274563, "excess_performance": -0.338268, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.087986, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.129939, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.266936, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.05067, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.23676, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.075655, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.274563, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.702739, "read": "Demand-led" } ], "volume": { "latest": 2514, "relative_activity": 0.138161, "balance": 1.702739, "dry_up": 0.208053, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.044319, "annualized_volatility": 0.324531, "from_high_reference": -0.41797, "from_low_reference": 0.210435 }, "levels": { "trend_reference": 7.631459, "fair_value_reference": 9.494393, "structural_low": 5.75, "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": 8, "median_return": -0.045514, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.022337, "regime_survival": 0.5, "best_return": 0.011952, "worst_return": -0.093825, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.093989, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.059497, "regime_survival": 0.0, "best_return": -0.044669, "worst_return": -0.183273, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.113779, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.12898, "regime_survival": 0.0, "best_return": 0.09863, "worst_return": -0.216395, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.136434, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.175907, "regime_survival": 0.0, "best_return": 0.096845, "worst_return": -0.350037, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": 0.051224, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-01-24", "tenure": "Established", "return": 0.150699, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-03-07", "tenure": "Developing", "return": -0.061381, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.083485, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-04", "tenure": "Developing", "return": 0.017126, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": -0.104545, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-29", "end": "2025-10-31", "tenure": "Developing", "return": 0.035097, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": 0.077844, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.01662, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-01-09", "tenure": "New", "return": 0.043738, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": -0.039604, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": -0.07579, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-07-10", "tenure": "Established", "return": -0.147019, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.005714, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.777649, "volume": 1039, "typical_volume": 2504.35, "trend": 8.055983, "fair_value": 9.631998, "relative_strength": 6.633779, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.757819, "energy": 69.276935, "activity_lines": [ 8.911188, 8.828499, 8.42846, 8.207796 ] }, { "date": "2023-08-25", "close": 8.503643, "volume": 648, "typical_volume": 2525.9, "trend": 8.054695, "fair_value": 9.639147, "relative_strength": 3.975246, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.337348, "energy": 45.992381, "activity_lines": [ 8.751193, 8.802387, 8.467603, 8.236677 ] }, { "date": "2023-09-01", "close": 8.787097, "volume": 6652, "typical_volume": 2719.15, "trend": 8.055068, "fair_value": 9.649049, "relative_strength": 5.266567, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.205639, "energy": 35.659711, "activity_lines": [ 8.716549, 8.813553, 8.530323, 8.283929 ] }, { "date": "2023-09-08", "close": 8.575829, "volume": 469, "typical_volume": 2293.9, "trend": 8.057433, "fair_value": 9.658473, "relative_strength": 4.700336, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.882053, "energy": 27.749016, "activity_lines": [ 8.654944, 8.774969, 8.566309, 8.317526 ] }, { "date": "2023-09-15", "close": 8.604446, "volume": 7003, "typical_volume": 2459.2, "trend": 8.077886, "fair_value": 9.666385, "relative_strength": 3.566178, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.528426, "energy": 25.934769, "activity_lines": [ 8.631451, 8.737527, 8.597207, 8.352817 ] }, { "date": "2023-09-22", "close": 8.489975, "volume": 389, "typical_volume": 1641.5, "trend": 8.105427, "fair_value": 9.673447, "relative_strength": 5.469803, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.680558, "energy": 22.281796, "activity_lines": [ 8.578199, 8.675377, 8.611099, 8.379404 ] }, { "date": "2023-09-29", "close": 8.518594, "volume": 6615, "typical_volume": 1896.1, "trend": 8.123953, "fair_value": 9.67999, "relative_strength": 6.291358, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.263344, "energy": 22.380792, "activity_lines": [ 8.553664, 8.62641, 8.621212, 8.40606 ] }, { "date": "2023-10-06", "close": 8.613986, "volume": 10082, "typical_volume": 2026.15, "trend": 8.157552, "fair_value": 9.682642, "relative_strength": 8.967865, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.626821, "energy": 14.062739, "activity_lines": [ 8.55993, 8.602933, 8.634356, 8.437675 ] }, { "date": "2023-10-13", "close": 9.062334, "volume": 659, "typical_volume": 1943.3, "trend": 8.20578, "fair_value": 9.684485, "relative_strength": 12.937647, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.802966, "energy": 30.979338, "activity_lines": [ 8.727186, 8.675975, 8.687514, 8.496048 ] }, { "date": "2023-10-20", "close": 8.699841, "volume": 547, "typical_volume": 1913.7, "trend": 8.250429, "fair_value": 9.682776, "relative_strength": 10.779854, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.666505, "energy": 25.779186, "activity_lines": [ 8.741177, 8.682056, 8.700699, 8.527923 ] }, { "date": "2023-10-27", "close": 8.528132, "volume": 1101, "typical_volume": 1958.8, "trend": 8.274551, "fair_value": 9.680201, "relative_strength": 9.700974, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.434634, "energy": 23.095751, "activity_lines": [ 8.691573, 8.657473, 8.693177, 8.545839 ] }, { "date": "2023-11-03", "close": 8.489975, "volume": 193, "typical_volume": 1917.55, "trend": 8.298032, "fair_value": 9.677322, "relative_strength": 6.87837, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.884063, "energy": 14.469412, "activity_lines": [ 8.626705, 8.630489, 8.67862, 8.559737 ] }, { "date": "2023-11-10", "close": 8.776154, "volume": 3042, "typical_volume": 2065.15, "trend": 8.343965, "fair_value": 9.674114, "relative_strength": 10.497079, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.213892, "energy": 14.616465, "activity_lines": [ 8.659139, 8.655786, 8.687649, 8.590584 ] }, { "date": "2023-11-17", "close": 8.308729, "volume": 10182, "typical_volume": 2563.7, "trend": 8.389749, "fair_value": 9.670074, "relative_strength": 3.534833, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.752384, "energy": 10.11343, "activity_lines": [ 8.524953, 8.596295, 8.649244, 8.58831 ] }, { "date": "2023-11-24", "close": 8.585369, "volume": 394, "typical_volume": 2582.05, "trend": 8.431842, "fair_value": 9.665117, "relative_strength": 6.835879, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.38835, "energy": 10.708574, "activity_lines": [ 8.53322, 8.591959, 8.637393, 8.600931 ] }, { "date": "2023-12-01", "close": 8.394582, "volume": 2398, "typical_volume": 2604.85, "trend": 8.47419, "fair_value": 9.65806, "relative_strength": 3.920046, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.035772, "energy": 8.471328, "activity_lines": [ 8.485524, 8.553282, 8.606444, 8.598527 ] }, { "date": "2023-12-08", "close": 8.575829, "volume": 670, "typical_volume": 2631.3, "trend": 8.518484, "fair_value": 9.652691, "relative_strength": 4.327248, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.36409, "energy": 15.511719, "activity_lines": [ 8.507146, 8.549292, 8.5953, 8.605085 ] }, { "date": "2023-12-15", "close": 9.100491, "volume": 7296, "typical_volume": 2986.05, "trend": 8.553497, "fair_value": 9.649809, "relative_strength": 6.821097, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.542526, "energy": 23.089267, "activity_lines": [ 8.697932, 8.639656, 8.635985, 8.642633 ] }, { "date": "2023-12-22", "close": 8.881087, "volume": 1000, "typical_volume": 3031.1, "trend": 8.585605, "fair_value": 9.640667, "relative_strength": 3.305477, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.429391, "energy": 24.754318, "activity_lines": [ 8.793961, 8.681282, 8.657386, 8.663768 ] }, { "date": "2023-12-29", "close": 8.900165, "volume": 202, "typical_volume": 3029.05, "trend": 8.622759, "fair_value": 9.628255, "relative_strength": 2.190091, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.822167, "energy": 33.062095, "activity_lines": [ 8.858192, 8.729672, 8.681191, 8.684062 ] }, { "date": "2024-01-05", "close": 9.157727, "volume": 2768, "typical_volume": 3115.5, "trend": 8.667553, "fair_value": 9.618197, "relative_strength": 6.389589, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.758773, "energy": 60.205482, "activity_lines": [ 8.987291, 8.821249, 8.728718, 8.718577 ] }, { "date": "2024-01-12", "close": 10.207049, "volume": 4307, "typical_volume": 3298.45, "trend": 8.750474, "fair_value": 9.620771, "relative_strength": 17.850283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.620213, "energy": 86.556278, "activity_lines": [ 9.415288, 9.092165, 8.87437, 8.817899 ] }, { "date": "2024-01-19", "close": 9.405748, "volume": 7420, "typical_volume": 3336.85, "trend": 8.791882, "fair_value": 9.613413, "relative_strength": 9.416943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.600119, "energy": 75.37005, "activity_lines": [ 9.467436, 9.186171, 8.935597, 8.860175 ] }, { "date": "2024-01-26", "close": 9.205422, "volume": 227, "typical_volume": 3324.75, "trend": 8.820314, "fair_value": 9.604654, "relative_strength": 5.047605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.651876, "energy": 72.200027, "activity_lines": [ 9.432458, 9.232306, 8.974799, 8.886855 ] }, { "date": "2024-02-02", "close": 10.016263, "volume": 3907, "typical_volume": 3169.95, "trend": 8.874514, "fair_value": 9.60045, "relative_strength": 11.903413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.853877, "energy": 79.075605, "activity_lines": [ 9.646138, 9.409564, 9.088226, 8.964013 ] }, { "date": "2024-02-09", "close": 10.035342, "volume": 49878, "typical_volume": 5644.4, "trend": 8.911398, "fair_value": 9.593854, "relative_strength": 12.60326, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.990642, "energy": 55.55768, "activity_lines": [ 9.791772, 9.564274, 9.196747, 9.038905 ] }, { "date": "2024-02-16", "close": 10.035342, "volume": 1830, "typical_volume": 5405.15, "trend": 8.947022, "fair_value": 9.588018, "relative_strength": 11.993292, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.725226, "energy": 64.393467, "activity_lines": [ 9.878897, 9.689152, 9.297909, 9.111417 ] }, { "date": "2024-02-23", "close": 9.720545, "volume": 17776, "typical_volume": 5789.85, "trend": 8.956405, "fair_value": 9.580222, "relative_strength": 8.292082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.053432, "energy": 56.579189, "activity_lines": [ 9.872538, 9.730258, 9.361867, 9.161322 ] }, { "date": "2024-03-01", "close": 9.653769, "volume": 1704, "typical_volume": 5842.1, "trend": 8.978051, "fair_value": 9.570888, "relative_strength": 5.866459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.846956, "energy": 43.768762, "activity_lines": [ 9.822933, 9.747949, 9.414197, 9.206313 ] }, { "date": "2024-03-08", "close": 10.100714, "volume": 22748, "typical_volume": 6952.15, "trend": 9.023728, "fair_value": 9.564974, "relative_strength": 8.940267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.648628, "energy": 44.388117, "activity_lines": [ 9.89242, 9.832853, 9.506277, 9.278743 ] }, { "date": "2024-03-15", "close": 10.197095, "volume": 6291, "typical_volume": 7211.65, "trend": 9.071042, "fair_value": 9.56003, "relative_strength": 12.074334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.036556, "energy": 46.435154, "activity_lines": [ 9.988405, 9.913454, 9.600865, 9.354444 ] }, { "date": "2024-03-22", "close": 9.946504, "volume": 4397, "typical_volume": 7421.85, "trend": 9.119138, "fair_value": 9.561233, "relative_strength": 7.5225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.297495, "energy": 40.720835, "activity_lines": [ 9.990075, 9.929595, 9.663639, 9.410926 ] }, { "date": "2024-03-29", "close": 10.139266, "volume": 8207, "typical_volume": 7680.1, "trend": 9.16421, "fair_value": 9.561617, "relative_strength": 7.511742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.306819, "energy": 43.757041, "activity_lines": [ 10.061922, 9.985521, 9.737836, 9.47674 ] }, { "date": "2024-04-05", "close": 10.16818, "volume": 706, "typical_volume": 7206.3, "trend": 9.217288, "fair_value": 9.563242, "relative_strength": 9.129217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.26098, "energy": 43.240487, "activity_lines": [ 10.115492, 10.033367, 9.808296, 9.541513 ] }, { "date": "2024-04-12", "close": 10.042885, "volume": 19179, "typical_volume": 8145.55, "trend": 9.265236, "fair_value": 9.562714, "relative_strength": 7.09078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.775715, "energy": 40.014182, "activity_lines": [ 10.093003, 10.040927, 9.857969, 9.594777 ] }, { "date": "2024-04-19", "close": 10.119989, "volume": 754, "typical_volume": 8063.35, "trend": 9.31957, "fair_value": 9.561858, "relative_strength": 10.372023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.679084, "energy": 40.383882, "activity_lines": [ 10.100071, 10.062023, 9.908044, 9.649922 ] }, { "date": "2024-04-26", "close": 10.091075, "volume": 644, "typical_volume": 8062.05, "trend": 9.371986, "fair_value": 9.560111, "relative_strength": 9.358678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.750245, "energy": 36.388464, "activity_lines": [ 10.102641, 10.076322, 9.947149, 9.699697 ] }, { "date": "2024-05-03", "close": 9.994695, "volume": 210, "typical_volume": 7707.75, "trend": 9.41801, "fair_value": 9.557512, "relative_strength": 7.01393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.910292, "energy": 29.46591, "activity_lines": [ 10.063446, 10.072084, 9.96986, 9.739871 ] }, { "date": "2024-05-10", "close": 8.751382, "volume": 1979, "typical_volume": 7756.7, "trend": 9.407645, "fair_value": 9.546003, "relative_strength": -7.938369, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -15.954679, "energy": 20.866419, "activity_lines": [ 9.619452, 9.836805, 9.869901, 9.696863 ] }, { "date": "2024-05-17", "close": 8.693553, "volume": 3162, "typical_volume": 7904.7, "trend": 9.407435, "fair_value": 9.532713, "relative_strength": -9.32154, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.952298, "energy": 54.084164, "activity_lines": [ 9.250634, 9.607419, 9.765053, 9.650793 ] }, { "date": "2024-05-24", "close": 9.088715, "volume": 7448, "typical_volume": 8138.7, "trend": 9.426121, "fair_value": 9.522838, "relative_strength": -4.239255, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.122697, "energy": 61.708412, "activity_lines": [ 9.103493, 9.475465, 9.698824, 9.63023 ] }, { "date": "2024-05-31", "close": 8.828485, "volume": 2744, "typical_volume": 8060.55, "trend": 9.437405, "fair_value": 9.508886, "relative_strength": -6.751024, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.148295, "energy": 72.738225, "activity_lines": [ 8.93836, 9.316348, 9.608139, 9.591673 ] }, { "date": "2024-06-07", "close": 8.76102, "volume": 2651, "typical_volume": 7822.1, "trend": 9.436901, "fair_value": 9.494678, "relative_strength": -9.352186, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.730195, "energy": 78.045575, "activity_lines": [ 8.834912, 9.165293, 9.517593, 9.548035 ] }, { "date": "2024-06-14", "close": 8.635725, "volume": 1266, "typical_volume": 7874.05, "trend": 9.4478, "fair_value": 9.478962, "relative_strength": -9.154759, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.137995, "energy": 79.236177, "activity_lines": [ 8.771943, 9.016517, 9.418185, 9.496346 ] }, { "date": "2024-06-21", "close": 8.385134, "volume": 4393, "typical_volume": 7898.35, "trend": 9.441126, "fair_value": 9.461052, "relative_strength": -12.500507, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.822313, "energy": 87.005677, "activity_lines": [ 8.633154, 8.85004, 9.297624, 9.427787 ] }, { "date": "2024-06-28", "close": 8.317668, "volume": 6245, "typical_volume": 5716.7, "trend": 9.438562, "fair_value": 9.441712, "relative_strength": -12.764996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.346711, "energy": 74.227576, "activity_lines": [ 8.492438, 8.701439, 9.178404, 9.355306 ] }, { "date": "2024-07-05", "close": 8.153821, "volume": 4109, "typical_volume": 5830.65, "trend": 9.424495, "fair_value": 9.420968, "relative_strength": -14.883781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.223621, "energy": 67.907781, "activity_lines": [ 8.34851, 8.555816, 9.05176, 9.27242 ] }, { "date": "2024-07-12", "close": 9.01161, "volume": 4568, "typical_volume": 5170.25, "trend": 9.421533, "fair_value": 9.404078, "relative_strength": -7.417257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.386494, "energy": 51.856334, "activity_lines": [ 8.535489, 8.601378, 9.015769, 9.245782 ] }, { "date": "2024-07-19", "close": 8.568258, "volume": 1007, "typical_volume": 5135.4, "trend": 9.411105, "fair_value": 9.384464, "relative_strength": -11.898592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.708928, "energy": 45.396562, "activity_lines": [ 8.557978, 8.584205, 8.940931, 9.190732 ] }, { "date": "2024-07-26", "close": 9.638085, "volume": 4649, "typical_volume": 4230.45, "trend": 9.435702, "fair_value": 9.374058, "relative_strength": -0.177442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.060711, "energy": 15.636887, "activity_lines": [ 8.941573, 8.764875, 8.973149, 9.205376 ] }, { "date": "2024-08-02", "close": 9.830848, "volume": 3550, "typical_volume": 4093.4, "trend": 9.45814, "fair_value": 9.362655, "relative_strength": 1.524804, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.98722, "energy": 20.320809, "activity_lines": [ 9.305893, 8.96342, 9.025929, 9.230869 ] }, { "date": "2024-08-09", "close": 9.830848, "volume": 13776, "typical_volume": 4562.35, "trend": 9.4456, "fair_value": 9.351134, "relative_strength": 3.563308, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 29.620772, "energy": 37.529234, "activity_lines": [ 9.569334, 9.148471, 9.080454, 9.254915 ] }, { "date": "2024-08-16", "close": 9.898314, "volume": 10865, "typical_volume": 4695.25, "trend": 9.462018, "fair_value": 9.340575, "relative_strength": 1.721939, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.292958, "energy": 40.393673, "activity_lines": [ 9.743462, 9.327564, 9.141954, 9.284122 ] }, { "date": "2024-08-23", "close": 10.16818, "volume": 1218, "typical_volume": 4720.85, "trend": 9.49411, "fair_value": 9.31894, "relative_strength": 3.689888, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.146475, "energy": 59.01356, "activity_lines": [ 9.948432, 9.535046, 9.230303, 9.329681 ] }, { "date": "2024-08-30", "close": 9.638085, "volume": 4258, "typical_volume": 3974.8, "trend": 9.481504, "fair_value": 9.293496, "relative_strength": -2.516793, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.756514, "energy": 47.547423, "activity_lines": [ 9.870042, 9.618284, 9.268167, 9.33897 ] }, { "date": "2024-09-06", "close": 10.823117, "volume": 6813, "typical_volume": 4277.75, "trend": 9.507764, "fair_value": 9.277299, "relative_strength": 10.27703, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.25818, "energy": 49.187089, "activity_lines": [ 10.186663, 9.894201, 9.420818, 9.425525 ] }, { "date": "2024-09-13", "close": 10.589944, "volume": 2595, "typical_volume": 4375.3, "trend": 9.52625, "fair_value": 9.259134, "relative_strength": 6.539283, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.975606, "energy": 51.9364, "activity_lines": [ 10.359408, 10.08217, 9.547915, 9.495343 ] }, { "date": "2024-09-20", "close": 10.405348, "volume": 3991, "typical_volume": 4564.35, "trend": 9.549077, "fair_value": 9.238368, "relative_strength": 3.177216, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.954595, "energy": 55.18244, "activity_lines": [ 10.420014, 10.192282, 9.655055, 9.552059 ] }, { "date": "2024-09-27", "close": 9.734977, "volume": 1109, "typical_volume": 4520.85, "trend": 9.551784, "fair_value": 9.21555, "relative_strength": -3.466837, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.080076, "energy": 48.674888, "activity_lines": [ 10.223362, 10.155168, 9.696395, 9.564053 ] }, { "date": "2024-10-04", "close": 10.395634, "volume": 1781, "typical_volume": 4451.8, "trend": 9.561615, "fair_value": 9.197734, "relative_strength": 3.811116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.417646, "energy": 40.480473, "activity_lines": [ 10.275808, 10.216961, 9.795971, 9.618495 ] }, { "date": "2024-10-11", "close": 10.6871, "volume": 4902, "typical_volume": 4324.5, "trend": 9.577948, "fair_value": 9.182732, "relative_strength": 5.857636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.54968, "energy": 42.927995, "activity_lines": [ 10.374907, 10.317974, 9.915201, 9.691107 ] }, { "date": "2024-10-18", "close": 10.269331, "volume": 5860, "typical_volume": 4480.3, "trend": 9.588709, "fair_value": 9.165346, "relative_strength": 0.908969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.693843, "energy": 33.969832, "activity_lines": [ 10.343817, 10.32746, 9.987031, 9.735712 ] }, { "date": "2024-10-25", "close": 10.881411, "volume": 23989, "typical_volume": 5547.2, "trend": 9.613447, "fair_value": 9.153893, "relative_strength": 7.731546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.220828, "energy": 56.029619, "activity_lines": [ 10.538128, 10.440262, 10.110294, 9.819112 ] }, { "date": "2024-11-01", "close": 10.949421, "volume": 64, "typical_volume": 5487.1, "trend": 9.639489, "fair_value": 9.144647, "relative_strength": 9.414163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.242154, "energy": 67.54543, "activity_lines": [ 10.723372, 10.547554, 10.229937, 9.905304 ] }, { "date": "2024-11-08", "close": 11.046575, "volume": 506, "typical_volume": 5292.75, "trend": 9.672945, "fair_value": 9.136024, "relative_strength": 7.914775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.86978, "energy": 70.042401, "activity_lines": [ 10.860037, 10.658307, 10.347815, 9.996084 ] }, { "date": "2024-11-15", "close": 11.590646, "volume": 1100, "typical_volume": 5035.5, "trend": 9.721967, "fair_value": 9.133546, "relative_strength": 12.977246, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.914282, "energy": 86.874382, "activity_lines": [ 11.134663, 10.842372, 10.504835, 10.119807 ] }, { "date": "2024-11-22", "close": 11.338041, "volume": 2373, "typical_volume": 4948.7, "trend": 9.763532, "fair_value": 9.132107, "relative_strength": 8.863045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.631717, "energy": 82.793257, "activity_lines": [ 11.264851, 10.966554, 10.622213, 10.224069 ] }, { "date": "2024-11-29", "close": 11.406051, "volume": 1609, "typical_volume": 4800.75, "trend": 9.810578, "fair_value": 9.131694, "relative_strength": 8.687301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.171569, "energy": 85.399538, "activity_lines": [ 11.346462, 11.0895, 10.730904, 10.330038 ] }, { "date": "2024-12-06", "close": 11.367188, "volume": 21821, "typical_volume": 5841.45, "trend": 9.897771, "fair_value": 9.132508, "relative_strength": 8.249462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.178117, "energy": 85.333191, "activity_lines": [ 11.380142, 11.187186, 10.824493, 10.430465 ] }, { "date": "2024-12-13", "close": 11.367188, "volume": 18647, "typical_volume": 6541.35, "trend": 9.986892, "fair_value": 9.133146, "relative_strength": 9.629906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.558253, "energy": 72.76587, "activity_lines": [ 11.385972, 11.255194, 10.904753, 10.525266 ] }, { "date": "2024-12-20", "close": 11.367188, "volume": 1005, "typical_volume": 6414.1, "trend": 10.062841, "fair_value": 9.131007, "relative_strength": 12.352682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.424873, "energy": 59.282383, "activity_lines": [ 11.370427, 11.305539, 10.976779, 10.614317 ] }, { "date": "2024-12-27", "close": 12.144431, "volume": 889, "typical_volume": 5769.75, "trend": 10.173373, "fair_value": 9.133438, "relative_strength": 16.672536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.699317, "energy": 76.442317, "activity_lines": [ 11.62886, 11.484834, 11.115512, 10.748613 ] }, { "date": "2025-01-03", "close": 11.639223, "volume": 935, "typical_volume": 5273.25, "trend": 10.269313, "fair_value": 9.129795, "relative_strength": 11.651845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.178284, "energy": 62.441497, "activity_lines": [ 11.665131, 11.538182, 11.195114, 10.843184 ] }, { "date": "2025-01-10", "close": 11.648938, "volume": 242, "typical_volume": 5224.45, "trend": 10.369753, "fair_value": 9.130821, "relative_strength": 11.084527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.193553, "energy": 67.211892, "activity_lines": [ 11.689096, 11.579517, 11.26735, 10.932192 ] }, { "date": "2025-01-17", "close": 11.425481, "volume": 10662, "typical_volume": 5544.65, "trend": 10.471098, "fair_value": 9.134903, "relative_strength": 8.562539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.493062, "energy": 55.395775, "activity_lines": [ 11.619792, 11.567505, 11.311254, 11.000304 ] }, { "date": "2025-01-24", "close": 11.202024, "volume": 3441, "typical_volume": 5376.05, "trend": 10.567244, "fair_value": 9.140387, "relative_strength": 5.011065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.608647, "energy": 32.737819, "activity_lines": [ 11.472116, 11.507975, 11.325365, 11.04746 ] }, { "date": "2025-01-31", "close": 11.396334, "volume": 641, "typical_volume": 5278.35, "trend": 10.675327, "fair_value": 9.14694, "relative_strength": 5.232063, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.903883, "energy": 24.067669, "activity_lines": [ 11.400221, 11.49084, 11.356177, 11.10095 ] }, { "date": "2025-02-07", "close": 11.464344, "volume": 365, "typical_volume": 5097.05, "trend": 10.757085, "fair_value": 9.153693, "relative_strength": 6.064972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.216934, "energy": 19.029113, "activity_lines": [ 11.400869, 11.485011, 11.389626, 11.151854 ] }, { "date": "2025-02-14", "close": 11.221456, "volume": 4347, "typical_volume": 5258.95, "trend": 10.845525, "fair_value": 9.162137, "relative_strength": 3.277252, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.578974, "energy": 18.290029, "activity_lines": [ 11.332212, 11.43396, 11.394901, 11.181814 ] }, { "date": "2025-02-21", "close": 11.075721, "volume": 2829, "typical_volume": 5311.35, "trend": 10.893446, "fair_value": 9.166457, "relative_strength": 5.024999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.197781, "energy": 9.890136, "activity_lines": [ 11.243477, 11.359062, 11.379217, 11.196665 ] }, { "date": "2025-02-28", "close": 10.6871, "volume": 2258, "typical_volume": 5179.15, "trend": 10.921988, "fair_value": 9.168582, "relative_strength": 2.779679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.753169, "energy": 17.311376, "activity_lines": [ 11.048518, 11.218805, 11.323283, 11.183352 ] }, { "date": "2025-03-07", "close": 10.696815, "volume": 16850, "typical_volume": 5728.65, "trend": 10.950854, "fair_value": 9.175003, "relative_strength": 5.681297, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.581952, "energy": 31.071151, "activity_lines": [ 10.891126, 11.09268, 11.268274, 11.168825 ] }, { "date": "2025-03-14", "close": 10.805673, "volume": 1457, "typical_volume": 4602.05, "trend": 10.981099, "fair_value": 9.180221, "relative_strength": 8.834092, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.200587, "energy": 40.97794, "activity_lines": [ 10.816655, 11.012667, 11.221598, 11.159459 ] }, { "date": "2025-03-21", "close": 10.011426, "volume": 471, "typical_volume": 4622.4, "trend": 10.975874, "fair_value": 9.180704, "relative_strength": -0.937992, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.633003, "energy": 61.431186, "activity_lines": [ 10.521346, 10.803401, 11.099639, 11.096899 ] }, { "date": "2025-03-28", "close": 10.040843, "volume": 2483, "typical_volume": 4721.25, "trend": 10.989299, "fair_value": 9.180662, "relative_strength": -1.240445, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.398307, "energy": 67.756108, "activity_lines": [ 10.316511, 10.629256, 10.984949, 11.036575 ] }, { "date": "2025-04-04", "close": 10.001621, "volume": 2334, "typical_volume": 4782.95, "trend": 10.961916, "fair_value": 9.181914, "relative_strength": 2.410555, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.923859, "energy": 68.885222, "activity_lines": [ 10.167594, 10.473156, 10.871312, 10.972853 ] }, { "date": "2025-04-11", "close": 9.903566, "volume": 1588, "typical_volume": 4743.7, "trend": 10.939036, "fair_value": 9.183012, "relative_strength": 1.680316, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.888326, "energy": 74.101653, "activity_lines": [ 10.031691, 10.321053, 10.755904, 10.904573 ] }, { "date": "2025-04-18", "close": 10.305593, "volume": 3237, "typical_volume": 4825.1, "trend": 10.935711, "fair_value": 9.186569, "relative_strength": 3.502526, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.204195, "energy": 62.408299, "activity_lines": [ 10.08268, 10.269187, 10.685614, 10.863706 ] }, { "date": "2025-04-25", "close": 10.295787, "volume": 326, "typical_volume": 3750.35, "trend": 10.954405, "fair_value": 9.188934, "relative_strength": 1.530315, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.519216, "energy": 47.261306, "activity_lines": [ 10.163739, 10.236606, 10.619631, 10.82242 ] }, { "date": "2025-05-02", "close": 10.325203, "volume": 1042, "typical_volume": 2870.1, "trend": 10.952057, "fair_value": 9.1963, "relative_strength": -1.429789, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.153858, "energy": 36.192504, "activity_lines": [ 10.235646, 10.226204, 10.561552, 10.781826 ] }, { "date": "2025-05-09", "close": 10.315397, "volume": 148, "typical_volume": 2827.25, "trend": 10.939667, "fair_value": 9.205624, "relative_strength": -1.626315, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.88966, "energy": 29.691485, "activity_lines": [ 10.285327, 10.227665, 10.5075, 10.740752 ] }, { "date": "2025-05-16", "close": 10.295787, "volume": 13606, "typical_volume": 3463.1, "trend": 10.940549, "fair_value": 9.215535, "relative_strength": -3.314469, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.119068, "energy": 26.971566, "activity_lines": [ 10.307553, 10.232318, 10.45659, 10.699211 ] }, { "date": "2025-05-23", "close": 10.403646, "volume": 2472, "typical_volume": 3539.95, "trend": 10.924624, "fair_value": 9.224711, "relative_strength": -2.602642, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.554108, "energy": 23.023106, "activity_lines": [ 10.339584, 10.263874, 10.424754, 10.664572 ] }, { "date": "2025-05-30", "close": 10.011426, "volume": 2734, "typical_volume": 3664.55, "trend": 10.893357, "fair_value": 9.231967, "relative_strength": -7.151386, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.450505, "energy": 30.624688, "activity_lines": [ 10.234338, 10.231426, 10.361449, 10.605656 ] }, { "date": "2025-06-06", "close": 10.491897, "volume": 19348, "typical_volume": 4098.85, "trend": 10.874868, "fair_value": 9.245214, "relative_strength": -3.790877, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.738254, "energy": 21.177895, "activity_lines": [ 10.308207, 10.286337, 10.351699, 10.579755 ] }, { "date": "2025-06-13", "close": 10.393842, "volume": 43, "typical_volume": 3928.95, "trend": 10.834974, "fair_value": 9.261042, "relative_strength": -5.183087, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.532565, "energy": 18.193278, "activity_lines": [ 10.338277, 10.315219, 10.337058, 10.548721 ] }, { "date": "2025-06-20", "close": 10.001621, "volume": 31585, "typical_volume": 5476.15, "trend": 10.790427, "fair_value": 9.273166, "relative_strength": -8.449355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.383279, "energy": 30.900283, "activity_lines": [ 10.232377, 10.265657, 10.28891, 10.494957 ] }, { "date": "2025-06-27", "close": 10.099676, "volume": 26391, "typical_volume": 6777.45, "trend": 10.746881, "fair_value": 9.285563, "relative_strength": -7.805543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.107355, "energy": 28.553284, "activity_lines": [ 10.178774, 10.23214, 10.256742, 10.450392 ] }, { "date": "2025-07-04", "close": 10.482091, "volume": 13383, "typical_volume": 7229.25, "trend": 10.717378, "fair_value": 9.299401, "relative_strength": -5.550857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.225448, "energy": 15.601911, "activity_lines": [ 10.272907, 10.271897, 10.267493, 10.433309 ] }, { "date": "2025-07-11", "close": 10.786062, "volume": 25174, "typical_volume": 8346.5, "trend": 10.698007, "fair_value": 9.313406, "relative_strength": -2.733611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.199556, "energy": 2.726919, "activity_lines": [ 10.436986, 10.363534, 10.310714, 10.43774 ] }, { "date": "2025-07-18", "close": 10.589952, "volume": 1641, "typical_volume": 8315.65, "trend": 10.672099, "fair_value": 9.326866, "relative_strength": -6.620177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.025946, "energy": 12.029722, "activity_lines": [ 10.516084, 10.411135, 10.336638, 10.430769 ] }, { "date": "2025-07-25", "close": 10.491897, "volume": 3020, "typical_volume": 7624.15, "trend": 10.617015, "fair_value": 9.337558, "relative_strength": -6.512344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.834136, "energy": 15.229488, "activity_lines": [ 10.549422, 10.435916, 10.353686, 10.419143 ] }, { "date": "2025-08-01", "close": 10.099676, "volume": 875, "typical_volume": 7595.05, "trend": 10.565696, "fair_value": 9.342588, "relative_strength": -9.860362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.011109, "energy": 12.917978, "activity_lines": [ 10.419336, 10.385819, 10.334355, 10.385766 ] }, { "date": "2025-08-08", "close": 10.001621, "volume": 2956, "typical_volume": 7719.3, "trend": 10.510786, "fair_value": 9.34681, "relative_strength": -12.038319, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.471452, "energy": 18.651414, "activity_lines": [ 10.256564, 10.32342, 10.309047, 10.349374 ] }, { "date": "2025-08-15", "close": 9.805511, "volume": 14074, "typical_volume": 8298.85, "trend": 10.456787, "fair_value": 9.349419, "relative_strength": -14.848081, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.551895, "energy": 31.497781, "activity_lines": [ 10.060454, 10.225543, 10.265109, 10.303873 ] }, { "date": "2025-08-22", "close": 9.658428, "volume": 24757, "typical_volume": 9420.0, "trend": 10.405334, "fair_value": 9.351857, "relative_strength": -16.156724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.006762, "energy": 48.717826, "activity_lines": [ 9.880686, 10.113404, 10.208284, 10.252366 ] }, { "date": "2025-08-29", "close": 9.746677, "volume": 7430, "typical_volume": 9712.1, "trend": 10.350345, "fair_value": 9.355693, "relative_strength": -15.311437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.544384, "energy": 56.993868, "activity_lines": [ 9.792437, 10.030681, 10.161498, 10.209872 ] }, { "date": "2025-09-05", "close": 9.589789, "volume": 6948, "typical_volume": 9897.65, "trend": 10.28786, "fair_value": 9.358694, "relative_strength": -15.375403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.633479, "energy": 62.67377, "activity_lines": [ 9.701572, 9.924068, 10.100517, 10.160803 ] }, { "date": "2025-09-12", "close": 9.801923, "volume": 1376, "typical_volume": 9950.15, "trend": 10.240542, "fair_value": 9.363474, "relative_strength": -13.178314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.61365, "energy": 49.987909, "activity_lines": [ 9.715411, 9.865296, 10.063147, 10.129453 ] }, { "date": "2025-09-19", "close": 9.801923, "volume": 21374, "typical_volume": 10966.75, "trend": 10.198082, "fair_value": 9.369931, "relative_strength": -12.074326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.050421, "energy": 36.677274, "activity_lines": [ 9.742564, 9.81889, 10.02813, 10.101155 ] }, { "date": "2025-09-26", "close": 9.45574, "volume": 2260, "typical_volume": 11072.35, "trend": 10.157037, "fair_value": 9.376625, "relative_strength": -15.176279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.569487, "energy": 36.549349, "activity_lines": [ 9.654561, 9.727436, 9.962634, 10.053262 ] }, { "date": "2025-10-03", "close": 9.317266, "volume": 3598, "typical_volume": 10571.95, "trend": 10.111052, "fair_value": 9.382012, "relative_strength": -17.978684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.137052, "energy": 39.570038, "activity_lines": [ 9.533913, 9.631426, 9.888045, 9.999083 ] }, { "date": "2025-10-10", "close": 9.88105, "volume": 22418, "typical_volume": 11569.25, "trend": 10.080231, "fair_value": 9.392571, "relative_strength": -12.469354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.300463, "energy": 30.824878, "activity_lines": [ 9.62982, 9.65928, 9.871808, 9.984244 ] }, { "date": "2025-10-17", "close": 9.910724, "volume": 4194, "typical_volume": 11642.25, "trend": 10.076875, "fair_value": 9.402182, "relative_strength": -12.38307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.68949, "energy": 23.635496, "activity_lines": [ 9.716201, 9.696504, 9.860886, 9.973308 ] }, { "date": "2025-10-24", "close": 10.375597, "volume": 6178, "typical_volume": 10983.75, "trend": 10.088033, "fair_value": 9.415911, "relative_strength": -8.269184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.533539, "energy": 10.908708, "activity_lines": [ 9.950287, 9.819903, 9.894718, 9.99258 ] }, { "date": "2025-10-31", "close": 10.08876, "volume": 13310, "typical_volume": 11647.1, "trend": 10.090938, "fair_value": 9.425945, "relative_strength": -9.131845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.683429, "energy": 20.017506, "activity_lines": [ 10.050515, 9.880784, 9.901785, 9.992627 ] }, { "date": "2025-11-07", "close": 9.910724, "volume": 698, "typical_volume": 10102.75, "trend": 10.091176, "fair_value": 9.432021, "relative_strength": -9.312084, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.083081, "energy": 15.399461, "activity_lines": [ 10.049197, 9.901471, 9.893349, 9.981001 ] }, { "date": "2025-11-14", "close": 10.484398, "volume": 7922, "typical_volume": 9179.3, "trend": 10.097136, "fair_value": 9.44507, "relative_strength": -2.281943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.808973, "energy": 28.39647, "activity_lines": [ 10.199539, 10.02348, 9.939982, 10.00637 ] }, { "date": "2025-11-21", "close": 10.682217, "volume": 5253, "typical_volume": 8772.8, "trend": 10.110017, "fair_value": 9.463939, "relative_strength": 2.269692, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.938338, "energy": 45.353839, "activity_lines": [ 10.375598, 10.16519, 10.003623, 10.044117 ] }, { "date": "2025-11-28", "close": 10.711889, "volume": 2039, "typical_volume": 7616.05, "trend": 10.122907, "fair_value": 9.478746, "relative_strength": 0.370038, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.321561, "energy": 51.696989, "activity_lines": [ 10.510114, 10.29629, 10.069136, 10.082947 ] }, { "date": "2025-12-05", "close": 11.008617, "volume": 436, "typical_volume": 7555.8, "trend": 10.146014, "fair_value": 9.495275, "relative_strength": 3.025306, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.828384, "energy": 66.559749, "activity_lines": [ 10.721121, 10.464796, 10.163263, 10.14009 ] }, { "date": "2025-12-12", "close": 10.533853, "volume": 6169, "typical_volume": 7713.25, "trend": 10.15395, "fair_value": 9.511936, "relative_strength": -1.886035, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.849155, "energy": 64.939758, "activity_lines": [ 10.712549, 10.518746, 10.21018, 10.165112 ] }, { "date": "2025-12-19", "close": 9.950288, "volume": 982, "typical_volume": 7718.6, "trend": 10.138838, "fair_value": 9.524975, "relative_strength": -6.132717, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.759337, "energy": 29.631735, "activity_lines": [ 10.467913, 10.444475, 10.20132, 10.151972 ] }, { "date": "2025-12-26", "close": 10.08876, "volume": 17325, "typical_volume": 8437.05, "trend": 10.141416, "fair_value": 9.539921, "relative_strength": -5.892135, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.069332, "energy": 17.181922, "activity_lines": [ 10.305042, 10.394121, 10.206359, 10.148742 ] }, { "date": "2026-01-02", "close": 10.405271, "volume": 637, "typical_volume": 7765.2, "trend": 10.138528, "fair_value": 9.555638, "relative_strength": -2.215706, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.730329, "energy": 20.985801, "activity_lines": [ 10.287239, 10.398077, 10.241127, 10.165764 ] }, { "date": "2026-01-09", "close": 10.385489, "volume": 2504, "typical_volume": 6652.55, "trend": 10.13825, "fair_value": 9.572186, "relative_strength": -1.959983, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.642675, "energy": 19.98226, "activity_lines": [ 10.283283, 10.397897, 10.271155, 10.181697 ] }, { "date": "2026-01-16", "close": 9.989851, "volume": 6099, "typical_volume": 6586.0, "trend": 10.137857, "fair_value": 9.583802, "relative_strength": -7.2949, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.410303, "energy": 12.367519, "activity_lines": [ 10.188989, 10.320388, 10.260041, 10.172123 ] }, { "date": "2026-01-23", "close": 10.08876, "volume": 1438, "typical_volume": 6310.5, "trend": 10.137493, "fair_value": 9.593716, "relative_strength": -5.624036, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.148102, "energy": 10.837358, "activity_lines": [ 10.163932, 10.259424, 10.257189, 10.168956 ] }, { "date": "2026-01-30", "close": 9.841487, "volume": 5756, "typical_volume": 6529.5, "trend": 10.11614, "fair_value": 9.600546, "relative_strength": -7.698052, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.286199, "energy": 16.752988, "activity_lines": [ 10.047218, 10.160695, 10.228411, 10.149859 ] }, { "date": "2026-02-06", "close": 9.594213, "volume": 1505, "typical_volume": 5536.05, "trend": 10.076412, "fair_value": 9.607529, "relative_strength": -7.999958, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.823966, "energy": 34.303161, "activity_lines": [ 9.864566, 10.032292, 10.175895, 10.116186 ] }, { "date": "2026-02-13", "close": 9.396395, "volume": 2438, "typical_volume": 5544.95, "trend": 10.036626, "fair_value": 9.616539, "relative_strength": -11.640644, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.695877, "energy": 49.238737, "activity_lines": [ 9.670044, 9.888244, 10.105528, 10.072314 ] }, { "date": "2026-02-20", "close": 8.733701, "volume": 14148, "typical_volume": 6072.45, "trend": 9.97802, "fair_value": 9.623398, "relative_strength": -18.865187, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.689972, "energy": 68.912929, "activity_lines": [ 9.320564, 9.653019, 9.97233, 9.988254 ] }, { "date": "2026-02-27", "close": 8.684246, "volume": 9117, "typical_volume": 5407.4, "trend": 9.930839, "fair_value": 9.628022, "relative_strength": -19.879838, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.305265, "energy": 82.168046, "activity_lines": [ 9.038342, 9.441533, 9.837201, 9.904785 ] }, { "date": "2026-03-06", "close": 8.605119, "volume": 6878, "typical_volume": 5541.6, "trend": 9.884289, "fair_value": 9.634427, "relative_strength": -16.985866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.923777, "energy": 82.666031, "activity_lines": [ 8.823379, 9.238679, 9.700235, 9.819254 ] }, { "date": "2026-03-13", "close": 8.5, "volume": 3744, "typical_volume": 5419.9, "trend": 9.840772, "fair_value": 9.640097, "relative_strength": -15.21623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.10146, "energy": 83.664042, "activity_lines": [ 8.655801, 9.043687, 9.559475, 9.729946 ] }, { "date": "2026-03-20", "close": 7.7, "volume": 27274, "typical_volume": 6118.1, "trend": 9.775491, "fair_value": 9.642274, "relative_strength": -21.021129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.200044, "energy": 91.793253, "activity_lines": [ 8.294503, 8.737883, 9.351455, 9.591831 ] }, { "date": "2026-03-27", "close": 7.66, "volume": 8856, "typical_volume": 6526.0, "trend": 9.705935, "fair_value": 9.641348, "relative_strength": -21.776141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.16475, "energy": 90.304146, "activity_lines": [ 8.032966, 8.473632, 9.151002, 9.455348 ] }, { "date": "2026-04-03", "close": 7.41, "volume": 52594, "typical_volume": 8759.6, "trend": 9.633275, "fair_value": 9.63894, "relative_strength": -24.328849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.528964, "energy": 90.423434, "activity_lines": [ 7.759675, 8.206288, 8.937456, 9.307223 ] }, { "date": "2026-04-10", "close": 7.4, "volume": 18687, "typical_volume": 9431.3, "trend": 9.553211, "fair_value": 9.638952, "relative_strength": -27.068233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.082064, "energy": 90.927198, "activity_lines": [ 7.568, 7.985831, 8.737598, 9.163141 ] }, { "date": "2026-04-17", "close": 6.73, "volume": 50716, "typical_volume": 11865.15, "trend": 9.450814, "fair_value": 9.637637, "relative_strength": -32.925445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.771631, "energy": 94.90453, "activity_lines": [ 7.233333, 7.687946, 8.48956, 8.980998 ] }, { "date": "2026-04-24", "close": 6.96, "volume": 28724, "typical_volume": 13279.55, "trend": 9.367623, "fair_value": 9.635313, "relative_strength": -28.75601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.368274, "energy": 89.554111, "activity_lines": [ 7.093333, 7.483955, 8.282389, 8.8203 ] }, { "date": "2026-05-01", "close": 6.64, "volume": 56736, "typical_volume": 15807.9, "trend": 9.27838, "fair_value": 9.632209, "relative_strength": -31.00209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.531493, "energy": 90.957073, "activity_lines": [ 6.896, 7.266082, 8.06402, 8.644325 ] }, { "date": "2026-05-08", "close": 6.57, "volume": 25856, "typical_volume": 17051.6, "trend": 9.168012, "fair_value": 9.627869, "relative_strength": -31.241484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.125343, "energy": 79.559019, "activity_lines": [ 6.743333, 7.073548, 7.857527, 8.469591 ] }, { "date": "2026-05-15", "close": 5.93, "volume": 30943, "typical_volume": 17732.5, "trend": 9.035321, "fair_value": 9.614279, "relative_strength": -36.511513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.05662, "energy": 84.761076, "activity_lines": [ 6.433333, 6.803091, 7.606178, 8.260687 ] }, { "date": "2026-05-22", "close": 6.24, "volume": 14080, "typical_volume": 18404.65, "trend": 8.897468, "fair_value": 9.603523, "relative_strength": -32.769303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.44314, "energy": 78.840452, "activity_lines": [ 6.324667, 6.637636, 7.404156, 8.080343 ] }, { "date": "2026-05-29", "close": 6.3, "volume": 3, "typical_volume": 18279.6, "trend": 8.771176, "fair_value": 9.594001, "relative_strength": -32.137009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.980099, "energy": 69.806608, "activity_lines": [ 6.268667, 6.524182, 7.227684, 7.912765 ] }, { "date": "2026-06-05", "close": 6.84, "volume": 31224, "typical_volume": 19535.85, "trend": 8.668818, "fair_value": 9.587758, "relative_strength": -24.812472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.661059, "energy": 64.896983, "activity_lines": [ 6.436667, 6.534364, 7.122094, 7.788173 ] }, { "date": "2026-06-12", "close": 6.93, "volume": 1227, "typical_volume": 19525.3, "trend": 8.550339, "fair_value": 9.582697, "relative_strength": -24.782931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.390526, "energy": 54.579274, "activity_lines": [ 6.621333, 6.575818, 7.040075, 7.675991 ] }, { "date": "2026-06-19", "close": 6.98, "volume": 25493, "typical_volume": 20512.15, "trend": 8.426931, "fair_value": 9.575111, "relative_strength": -23.913473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.785967, "energy": 44.55151, "activity_lines": [ 6.798667, 6.635091, 6.97786, 7.574679 ] }, { "date": "2026-06-26", "close": 7.02, "volume": 1, "typical_volume": 20436.95, "trend": 8.303868, "fair_value": 9.566569, "relative_strength": -22.360744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.417689, "energy": 33.704085, "activity_lines": [ 6.919333, 6.709273, 6.933081, 7.483909 ] }, { "date": "2026-07-03", "close": 7.18, "volume": 7, "typical_volume": 20315.4, "trend": 8.176248, "fair_value": 9.558811, "relative_strength": -20.710297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.790185, "energy": 32.466474, "activity_lines": [ 7.041333, 6.807273, 6.915798, 7.411401 ] }, { "date": "2026-07-10", "close": 7.34, "volume": 3632, "typical_volume": 19789.6, "trend": 8.069786, "fair_value": 9.548626, "relative_strength": -17.937042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.274914, "energy": 26.155373, "activity_lines": [ 7.158, 6.930364, 6.924307, 7.35745 ] }, { "date": "2026-07-17", "close": 7.0, "volume": 5681, "typical_volume": 19617.8, "trend": 7.971443, "fair_value": 9.53602, "relative_strength": -21.037345, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -17.012315, "energy": 23.293773, "activity_lines": [ 7.128, 6.978909, 6.907072, 7.288431 ] }, { "date": "2026-07-24", "close": 6.71, "volume": 5910, "typical_volume": 19569.4, "trend": 7.858818, "fair_value": 9.518526, "relative_strength": -23.447076, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -34.223618, "energy": 21.479593, "activity_lines": [ 6.996667, 6.966909, 6.870238, 7.207048 ] }, { "date": "2026-07-31", "close": 7.01, "volume": 1038, "typical_volume": 19434.1, "trend": 7.745642, "fair_value": 9.505741, "relative_strength": -21.262818, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -31.659299, "energy": 23.306599, "activity_lines": [ 6.983333, 6.995273, 6.871, 7.152286 ] }, { "date": "2026-08-07", "close": 6.96, "volume": 2514, "typical_volume": 18196.1, "trend": 7.631459, "fair_value": 9.494393, "relative_strength": -23.675986, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.992503, "energy": 29.060027, "activity_lines": [ 6.954, 7.000545, 6.874095, 7.101599 ] } ], "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." } } }