{ "ticker": { "uuid": "c04e6cea-9286-423b-95db-7bc81f92059a", "symbol": "TNPC", "name": "Thai Nam Plastic Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 53.263, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 16.636, "architecture_energy": 12.352, "architecture_maturity": 44.943, "architecture_confidence": 78.234, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 58.42, "rotation_up": 19.86, "upward_expansion": 45.16, "deceleration": 86.41, "rotation_down": 29.14, "downward_expansion": 25.49 }, "activity_lines": [ 0.908667, 0.914909, 0.917714, 0.898817 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 0.9, "trend_reference": 0.870667, "distance_from_trend": 0.033691, "trend_direction": "Improving", "fair_value": 1.016754, "distance_from_fair_value": -0.11483, "fair_value_direction": "Improving", "relative_strength": -11.399559, "relative_strength_direction": "Weakening", "price_momentum": 0.125, "excess_performance": -0.067325, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.033691, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024716, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.11483, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.017556, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.113996, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.031656, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.125, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.973313, "read": "Demand-led" } ], "volume": { "latest": 146100, "relative_activity": 0.22078, "balance": 2.973313, "dry_up": 0.189499, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.052991, "annualized_volatility": 0.312124, "from_high_reference": -0.072165, "from_low_reference": 0.285714 }, "levels": { "trend_reference": 0.870667, "fair_value_reference": 1.016754, "structural_low": 0.7, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.03337, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.025831, "regime_survival": 0.666667, "best_return": -0.022472, "worst_return": -0.130952, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.161684, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.167626, "regime_survival": 0.0, "best_return": -0.067416, "worst_return": -0.255953, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.072733, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.168473, "regime_survival": 0.0, "best_return": -0.05618, "worst_return": -0.089286, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.290589, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.254143, "regime_survival": 0.0, "best_return": -0.290589, "worst_return": -0.290589, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-17", "end": "2023-12-29", "tenure": "Developing", "return": 0.16, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-05", "end": "2024-04-05", "tenure": "Established", "return": -0.193103, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-12", "end": "2024-09-27", "tenure": "Established", "return": -0.052332, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-11-22", "tenure": "Developing", "return": -0.166667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-05-30", "tenure": "Extended", "return": -0.076087, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-08-29", "tenure": "Established", "return": 0.107143, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-10", "tenure": "Developing", "return": -0.063158, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-12-26", "tenure": "Developing", "return": -0.05618, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-23", "tenure": "New", "return": -0.082353, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-04-03", "tenure": "Developing", "return": 0.064103, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": 0.058824, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": 0.065934, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-07-03", "tenure": "Developing", "return": -0.083333, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.032258, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.625042, "volume": 39427400, "typical_volume": 2471415.0, "trend": 1.600092, "fair_value": 1.921525, "relative_strength": -5.560592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.062896, "energy": 27.271251, "activity_lines": [ 1.264578, 1.232346, 1.338317, 1.445698 ] }, { "date": "2023-08-25", "close": 1.723529, "volume": 20127300, "typical_volume": 3457895.0, "trend": 1.590052, "fair_value": 1.928282, "relative_strength": -1.948767, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.729079, "energy": 14.700527, "activity_lines": [ 1.435289, 1.319552, 1.364499, 1.453661 ] }, { "date": "2023-09-01", "close": 1.684134, "volume": 7909100, "typical_volume": 3844585.0, "trend": 1.576104, "fair_value": 1.934902, "relative_strength": -3.794666, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.179571, "energy": 26.185644, "activity_lines": [ 1.556757, 1.395477, 1.386973, 1.459731 ] }, { "date": "2023-09-08", "close": 1.684134, "volume": 4653300, "typical_volume": 4058150.0, "trend": 1.564102, "fair_value": 1.941465, "relative_strength": -2.440517, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 25.422685, "energy": 39.302495, "activity_lines": [ 1.642113, 1.463881, 1.409678, 1.466701 ] }, { "date": "2023-09-15", "close": 1.615193, "volume": 1470400, "typical_volume": 4104990.0, "trend": 1.553047, "fair_value": 1.947585, "relative_strength": -5.592225, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.488864, "energy": 36.430174, "activity_lines": [ 1.662467, 1.510438, 1.426002, 1.469997 ] }, { "date": "2023-09-22", "close": 1.48716, "volume": 950100, "typical_volume": 4147545.0, "trend": 1.539022, "fair_value": 1.952943, "relative_strength": -11.376905, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.919597, "energy": 32.342882, "activity_lines": [ 1.602718, 1.526913, 1.430553, 1.465746 ] }, { "date": "2023-09-29", "close": 1.615193, "volume": 54712900, "typical_volume": 6837190.0, "trend": 1.531536, "fair_value": 1.959063, "relative_strength": -0.11497, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.087165, "energy": 20.199, "activity_lines": [ 1.594839, 1.561473, 1.448327, 1.47066 ] }, { "date": "2023-10-06", "close": 1.477311, "volume": 10488000, "typical_volume": 7359295.0, "trend": 1.519454, "fair_value": 1.9647, "relative_strength": -6.006503, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 2.289579, "energy": 6.318832, "activity_lines": [ 1.548222, 1.563084, 1.453205, 1.467162 ] }, { "date": "2023-10-13", "close": 1.437916, "volume": 3959800, "typical_volume": 7504315.0, "trend": 1.507357, "fair_value": 1.970085, "relative_strength": -8.615788, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.008386, "energy": 8.413369, "activity_lines": [ 1.502261, 1.551445, 1.455081, 1.461902 ] }, { "date": "2023-10-20", "close": 1.221244, "volume": 1749500, "typical_volume": 7584205.0, "trend": 1.489011, "fair_value": 1.974024, "relative_strength": -18.783474, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.156853, "energy": 19.943057, "activity_lines": [ 1.400491, 1.493427, 1.436837, 1.443443 ] }, { "date": "2023-10-27", "close": 1.181849, "volume": 3544800, "typical_volume": 7746390.0, "trend": 1.470001, "fair_value": 1.977653, "relative_strength": -20.014334, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.534055, "energy": 34.286348, "activity_lines": [ 1.311852, 1.425202, 1.416389, 1.423626 ] }, { "date": "2023-11-03", "close": 1.211395, "volume": 3159800, "typical_volume": 7883140.0, "trend": 1.452624, "fair_value": 1.981528, "relative_strength": -19.12307, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.495572, "energy": 44.140188, "activity_lines": [ 1.253416, 1.370407, 1.400491, 1.406942 ] }, { "date": "2023-11-10", "close": 1.191697, "volume": 2092500, "typical_volume": 7944730.0, "trend": 1.434591, "fair_value": 1.985334, "relative_strength": -18.108306, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.379582, "energy": 52.092843, "activity_lines": [ 1.215334, 1.321343, 1.384076, 1.390108 ] }, { "date": "2023-11-17", "close": 1.231092, "volume": 5105800, "typical_volume": 8179110.0, "trend": 1.418195, "fair_value": 1.989279, "relative_strength": -16.454657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.522357, "energy": 59.053412, "activity_lines": [ 1.209425, 1.288394, 1.371789, 1.376979 ] }, { "date": "2023-11-24", "close": 1.240941, "volume": 2314600, "typical_volume": 8241430.0, "trend": 1.402777, "fair_value": 1.993172, "relative_strength": -14.126464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.684036, "energy": 50.886696, "activity_lines": [ 1.220587, 1.265473, 1.360158, 1.365543 ] }, { "date": "2023-12-01", "close": 1.211395, "volume": 1815500, "typical_volume": 8301160.0, "trend": 1.386374, "fair_value": 1.996819, "relative_strength": -14.604061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.781651, "energy": 42.290254, "activity_lines": [ 1.220587, 1.243985, 1.345713, 1.353196 ] }, { "date": "2023-12-08", "close": 1.240941, "volume": 1093700, "typical_volume": 8350715.0, "trend": 1.372258, "fair_value": 2.000712, "relative_strength": -12.049456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.227931, "energy": 30.617869, "activity_lines": [ 1.228466, 1.232883, 1.334035, 1.343813 ] }, { "date": "2023-12-15", "close": 1.221244, "volume": 988500, "typical_volume": 8348670.0, "trend": 1.358469, "fair_value": 2.004136, "relative_strength": -13.542036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.604296, "energy": 25.632859, "activity_lines": [ 1.22781, 1.225004, 1.3202, 1.33407 ] }, { "date": "2023-12-22", "close": 1.309882, "volume": 6244600, "typical_volume": 8608370.0, "trend": 1.35059, "fair_value": 2.008185, "relative_strength": -7.773479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.996774, "energy": 20.792501, "activity_lines": [ 1.254729, 1.237897, 1.314431, 1.330935 ] }, { "date": "2023-12-29", "close": 1.428067, "volume": 28055700, "typical_volume": 9993165.0, "trend": 1.346651, "fair_value": 2.013049, "relative_strength": 0.129182, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.973024, "energy": 12.811125, "activity_lines": [ 1.315791, 1.274606, 1.318699, 1.335934 ] }, { "date": "2024-01-05", "close": 1.428067, "volume": 2666300, "typical_volume": 8155110.0, "trend": 1.342711, "fair_value": 2.017798, "relative_strength": -0.387861, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.922813, "energy": 13.530237, "activity_lines": [ 1.364379, 1.307554, 1.321185, 1.341186 ] }, { "date": "2024-01-12", "close": 1.418218, "volume": 23366800, "typical_volume": 8317085.0, "trend": 1.340085, "fair_value": 2.02237, "relative_strength": 0.387589, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.962018, "energy": 24.258941, "activity_lines": [ 1.395238, 1.334235, 1.32367, 1.346058 ] }, { "date": "2024-01-19", "close": 1.398521, "volume": 5636400, "typical_volume": 8203450.0, "trend": 1.344353, "fair_value": 2.026873, "relative_strength": 1.688041, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.688674, "energy": 26.34959, "activity_lines": [ 1.407713, 1.353575, 1.325734, 1.349828 ] }, { "date": "2024-01-26", "close": 1.32958, "volume": 1472900, "typical_volume": 8044430.0, "trend": 1.349606, "fair_value": 2.031048, "relative_strength": -1.869083, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.4558, "energy": 20.839653, "activity_lines": [ 1.385389, 1.356619, 1.322592, 1.348875 ] }, { "date": "2024-02-02", "close": 1.418218, "volume": 7529000, "typical_volume": 8347360.0, "trend": 1.355515, "fair_value": 2.035792, "relative_strength": 3.913513, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.790084, "energy": 19.665699, "activity_lines": [ 1.391298, 1.373989, 1.32958, 1.353301 ] }, { "date": "2024-02-09", "close": 1.40837, "volume": 1527600, "typical_volume": 8376235.0, "trend": 1.362409, "fair_value": 2.040301, "relative_strength": 3.303518, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.955001, "energy": 12.853906, "activity_lines": [ 1.394581, 1.386344, 1.336568, 1.356711 ] }, { "date": "2024-02-16", "close": 1.32958, "volume": 2658400, "typical_volume": 5773510.0, "trend": 1.367333, "fair_value": 2.044247, "relative_strength": -1.906093, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.347898, "energy": 4.418414, "activity_lines": [ 1.372914, 1.380793, 1.336427, 1.354593 ] }, { "date": "2024-02-23", "close": 1.270487, "volume": 1177000, "typical_volume": 5307960.0, "trend": 1.371601, "fair_value": 2.047815, "relative_strength": -6.585938, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.722919, "energy": 16.539163, "activity_lines": [ 1.337459, 1.362886, 1.332018, 1.348345 ] }, { "date": "2024-03-01", "close": 1.260639, "volume": 1158700, "typical_volume": 5167905.0, "trend": 1.378495, "fair_value": 2.048745, "relative_strength": -4.807988, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.71831, "energy": 23.281444, "activity_lines": [ 1.307256, 1.342294, 1.327657, 1.341186 ] }, { "date": "2024-03-08", "close": 1.211395, "volume": 839400, "typical_volume": 5122400.0, "trend": 1.383748, "fair_value": 2.049417, "relative_strength": -9.282231, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.020675, "energy": 38.998485, "activity_lines": [ 1.265235, 1.313643, 1.31945, 1.330406 ] }, { "date": "2024-03-15", "close": 1.309882, "volume": 3700500, "typical_volume": 5130185.0, "trend": 1.373242, "fair_value": 2.051007, "relative_strength": -1.473481, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.380042, "energy": 34.204549, "activity_lines": [ 1.269831, 1.306838, 1.320669, 1.32564 ] }, { "date": "2024-03-22", "close": 1.300034, "volume": 3237300, "typical_volume": 5134060.0, "trend": 1.359126, "fair_value": 2.05259, "relative_strength": -1.521405, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.238444, "energy": 31.874879, "activity_lines": [ 1.27771, 1.300392, 1.320341, 1.320917 ] }, { "date": "2024-03-29", "close": 1.240941, "volume": 1489300, "typical_volume": 5103900.0, "trend": 1.344353, "fair_value": 2.052479, "relative_strength": -5.42803, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.496827, "energy": 32.632429, "activity_lines": [ 1.267861, 1.28535, 1.313962, 1.313292 ] }, { "date": "2024-04-05", "close": 1.152303, "volume": 959500, "typical_volume": 4896585.0, "trend": 1.326625, "fair_value": 2.051685, "relative_strength": -11.566356, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.127018, "energy": 39.681477, "activity_lines": [ 1.230436, 1.257057, 1.298908, 1.300902 ] }, { "date": "2024-04-12", "close": 1.181849, "volume": 294900, "typical_volume": 4795600.0, "trend": 1.31218, "fair_value": 2.051252, "relative_strength": -10.20958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.99161, "energy": 52.534309, "activity_lines": [ 1.210082, 1.23736, 1.287043, 1.291562 ] }, { "date": "2024-04-19", "close": 1.181849, "volume": 0, "typical_volume": 4704825.0, "trend": 1.302003, "fair_value": 2.050991, "relative_strength": -5.454084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.638474, "energy": 60.37279, "activity_lines": [ 1.191698, 1.22196, 1.275459, 1.283153 ] }, { "date": "2024-04-26", "close": 1.152303, "volume": 202400, "typical_volume": 4660260.0, "trend": 1.286574, "fair_value": 2.047452, "relative_strength": -9.20994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.554931, "energy": 65.076552, "activity_lines": [ 1.172, 1.205307, 1.261202, 1.273495 ] }, { "date": "2024-05-03", "close": 1.172, "volume": 474300, "typical_volume": 4634550.0, "trend": 1.276397, "fair_value": 2.044137, "relative_strength": -7.845625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.83073, "energy": 61.510306, "activity_lines": [ 1.168717, 1.195458, 1.249242, 1.266103 ] }, { "date": "2024-05-10", "close": 1.21, "volume": 1292500, "typical_volume": 4386945.0, "trend": 1.268799, "fair_value": 2.041066, "relative_strength": -4.631428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.647431, "energy": 44.546425, "activity_lines": [ 1.182697, 1.194309, 1.241137, 1.26182 ] }, { "date": "2024-05-17", "close": 1.18, "volume": 914700, "typical_volume": 3029895.0, "trend": 1.267425, "fair_value": 2.037631, "relative_strength": -7.285722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.410024, "energy": 36.655806, "activity_lines": [ 1.18283, 1.188626, 1.23065, 1.256091 ] }, { "date": "2024-05-24", "close": 1.18, "volume": 41500, "typical_volume": 2898655.0, "trend": 1.267363, "fair_value": 2.034252, "relative_strength": -5.763047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.186046, "energy": 33.507103, "activity_lines": [ 1.183087, 1.183514, 1.221344, 1.25045 ] }, { "date": "2024-05-31", "close": 1.18, "volume": 364600, "typical_volume": 1748545.0, "trend": 1.266316, "fair_value": 2.030759, "relative_strength": -4.178141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.228921, "energy": 28.072497, "activity_lines": [ 1.183467, 1.180764, 1.213219, 1.244814 ] }, { "date": "2024-06-07", "close": 1.15, "volume": 261700, "typical_volume": 1479810.0, "trend": 1.264927, "fair_value": 2.027821, "relative_strength": -5.447852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.113843, "energy": 39.175251, "activity_lines": [ 1.172, 1.174741, 1.203372, 1.23731 ] }, { "date": "2024-06-14", "close": 1.13, "volume": 261000, "typical_volume": 1419215.0, "trend": 1.261557, "fair_value": 2.023719, "relative_strength": -5.04026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.435057, "energy": 54.228806, "activity_lines": [ 1.155333, 1.166736, 1.192803, 1.228605 ] }, { "date": "2024-06-21", "close": 1.11, "volume": 68800, "typical_volume": 1046205.0, "trend": 1.257192, "fair_value": 2.017013, "relative_strength": -6.721617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.385665, "energy": 66.446745, "activity_lines": [ 1.137333, 1.155499, 1.18128, 1.218827 ] }, { "date": "2024-06-28", "close": 1.05, "volume": 96700, "typical_volume": 974660.0, "trend": 1.251812, "fair_value": 2.008885, "relative_strength": -11.445225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.064898, "energy": 82.451504, "activity_lines": [ 1.104, 1.13466, 1.16551, 1.20546 ] }, { "date": "2024-07-05", "close": 1.06, "volume": 131400, "typical_volume": 848310.0, "trend": 1.245781, "fair_value": 2.001051, "relative_strength": -11.307335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.981743, "energy": 85.733807, "activity_lines": [ 1.082667, 1.118036, 1.152399, 1.193085 ] }, { "date": "2024-07-12", "close": 1.07, "volume": 4900, "typical_volume": 789705.0, "trend": 1.240739, "fair_value": 1.990287, "relative_strength": -11.840006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.750557, "energy": 82.552756, "activity_lines": [ 1.072667, 1.104909, 1.141525, 1.181744 ] }, { "date": "2024-07-19", "close": 1.04, "volume": 205600, "typical_volume": 742050.0, "trend": 1.231743, "fair_value": 1.97887, "relative_strength": -13.373085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.570191, "energy": 77.406155, "activity_lines": [ 1.058, 1.088182, 1.128748, 1.168793 ] }, { "date": "2024-07-26", "close": 0.99, "volume": 163600, "typical_volume": 708260.0, "trend": 1.217141, "fair_value": 1.968399, "relative_strength": -16.941317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.271185, "energy": 72.837705, "activity_lines": [ 1.032667, 1.065455, 1.112259, 1.153197 ] }, { "date": "2024-08-02", "close": 0.97, "volume": 61700, "typical_volume": 526320.0, "trend": 1.201872, "fair_value": 1.955151, "relative_strength": -19.068694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.82553, "energy": 66.920359, "activity_lines": [ 1.008667, 1.042545, 1.09492, 1.137252 ] }, { "date": "2024-08-09", "close": 1.03, "volume": 288900, "typical_volume": 378900.0, "trend": 1.188932, "fair_value": 1.940214, "relative_strength": -13.198747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.130659, "energy": 57.854255, "activity_lines": [ 1.01, 1.034364, 1.084914, 1.126163 ] }, { "date": "2024-08-16", "close": 0.93, "volume": 210100, "typical_volume": 314940.0, "trend": 1.173314, "fair_value": 1.921987, "relative_strength": -21.394522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.156216, "energy": 68.327402, "activity_lines": [ 0.98, 1.010727, 1.06667, 1.109458 ] }, { "date": "2024-08-23", "close": 1.0, "volume": 231300, "typical_volume": 278530.0, "trend": 1.162328, "fair_value": 1.904439, "relative_strength": -18.07775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.142536, "energy": 52.397986, "activity_lines": [ 0.982667, 1.003818, 1.056574, 1.098277 ] }, { "date": "2024-08-30", "close": 0.97, "volume": 519000, "typical_volume": 289735.0, "trend": 1.147388, "fair_value": 1.889118, "relative_strength": -20.159286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.577986, "energy": 48.11216, "activity_lines": [ 0.978, 0.993818, 1.044345, 1.085868 ] }, { "date": "2024-09-06", "close": 1.08, "volume": 211700, "typical_volume": 300320.0, "trend": 1.136442, "fair_value": 1.874732, "relative_strength": -14.766021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.642656, "energy": 32.387379, "activity_lines": [ 1.011333, 1.006364, 1.043601, 1.081521 ] }, { "date": "2024-09-13", "close": 1.04, "volume": 693500, "typical_volume": 324875.0, "trend": 1.126789, "fair_value": 1.858592, "relative_strength": -17.16606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.740261, "energy": 21.095518, "activity_lines": [ 1.024, 1.011091, 1.039533, 1.075299 ] }, { "date": "2024-09-20", "close": 1.07, "volume": 1244300, "typical_volume": 363375.0, "trend": 1.120106, "fair_value": 1.843221, "relative_strength": -15.939773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.379535, "energy": 19.354938, "activity_lines": [ 1.046, 1.021636, 1.038857, 1.071635 ] }, { "date": "2024-09-27", "close": 1.12, "volume": 6602100, "typical_volume": 628855.0, "trend": 1.115419, "fair_value": 1.831049, "relative_strength": -11.285223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.346846, "energy": 16.858281, "activity_lines": [ 1.075333, 1.041273, 1.043429, 1.071628 ] }, { "date": "2024-10-04", "close": 1.08, "volume": 406700, "typical_volume": 603455.0, "trend": 1.111039, "fair_value": 1.818621, "relative_strength": -13.571049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.144238, "energy": 15.807172, "activity_lines": [ 1.083333, 1.052182, 1.044619, 1.069343 ] }, { "date": "2024-10-11", "close": 1.1, "volume": 662200, "typical_volume": 634490.0, "trend": 1.104043, "fair_value": 1.806783, "relative_strength": -13.048961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.282566, "energy": 14.574658, "activity_lines": [ 1.090667, 1.065091, 1.04819, 1.068631 ] }, { "date": "2024-10-18", "close": 1.07, "volume": 233100, "typical_volume": 627915.0, "trend": 1.096375, "fair_value": 1.794751, "relative_strength": -16.250704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.985266, "energy": 13.604156, "activity_lines": [ 1.086667, 1.070182, 1.049286, 1.066434 ] }, { "date": "2024-10-25", "close": 1.06, "volume": 581100, "typical_volume": 643885.0, "trend": 1.090343, "fair_value": 1.783117, "relative_strength": -15.295459, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.647442, "energy": 8.94122, "activity_lines": [ 1.077333, 1.072727, 1.049952, 1.064088 ] }, { "date": "2024-11-01", "close": 1.07, "volume": 59000, "typical_volume": 633785.0, "trend": 1.0876, "fair_value": 1.773159, "relative_strength": -14.304173, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.812861, "energy": 10.409824, "activity_lines": [ 1.072, 1.074727, 1.052, 1.062775 ] }, { "date": "2024-11-08", "close": 1.0, "volume": 469700, "typical_volume": 653830.0, "trend": 1.081538, "fair_value": 1.762637, "relative_strength": -19.621913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.612537, "energy": 20.57106, "activity_lines": [ 1.046667, 1.062727, 1.047667, 1.057124 ] }, { "date": "2024-11-15", "close": 1.01, "volume": 259700, "typical_volume": 661980.0, "trend": 1.07581, "fair_value": 1.753907, "relative_strength": -17.259336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.901689, "energy": 23.472494, "activity_lines": [ 1.03, 1.052, 1.04481, 1.052508 ] }, { "date": "2024-11-22", "close": 0.9, "volume": 1871600, "typical_volume": 748990.0, "trend": 1.0674, "fair_value": 1.745279, "relative_strength": -26.010926, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.627581, "energy": 57.238631, "activity_lines": [ 0.982667, 1.022545, 1.031667, 1.041166 ] }, { "date": "2024-11-29", "close": 0.92, "volume": 209000, "typical_volume": 759195.0, "trend": 1.059, "fair_value": 1.736548, "relative_strength": -22.962077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.669854, "energy": 67.113173, "activity_lines": [ 0.953333, 0.999273, 1.02119, 1.031656 ] }, { "date": "2024-12-06", "close": 0.92, "volume": 203600, "typical_volume": 759095.0, "trend": 1.049333, "fair_value": 1.727471, "relative_strength": -23.793577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.101082, "energy": 70.898873, "activity_lines": [ 0.933333, 0.978727, 1.011429, 1.022688 ] }, { "date": "2024-12-13", "close": 0.92, "volume": 881600, "typical_volume": 794995.0, "trend": 1.040667, "fair_value": 1.71874, "relative_strength": -22.290587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.761799, "energy": 72.489392, "activity_lines": [ 0.923333, 0.961818, 1.002238, 1.014344 ] }, { "date": "2024-12-20", "close": 0.91, "volume": 1506000, "typical_volume": 867210.0, "trend": 1.031667, "fair_value": 1.710291, "relative_strength": -18.884076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.746414, "energy": 67.957259, "activity_lines": [ 0.915333, 0.946, 0.992429, 1.005914 ] }, { "date": "2024-12-27", "close": 0.87, "volume": 2013400, "typical_volume": 953435.0, "trend": 1.021333, "fair_value": 1.7017, "relative_strength": -23.771445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.554738, "energy": 72.622108, "activity_lines": [ 0.900667, 0.926364, 0.979095, 0.995484 ] }, { "date": "2025-01-03", "close": 0.85, "volume": 1173900, "typical_volume": 1001625.0, "trend": 1.011333, "fair_value": 1.692751, "relative_strength": -23.931836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.651559, "energy": 74.29128, "activity_lines": [ 0.881333, 0.906727, 0.964619, 0.98443 ] }, { "date": "2025-01-10", "close": 0.82, "volume": 2112100, "typical_volume": 1095665.0, "trend": 1.001, "fair_value": 1.683955, "relative_strength": -24.995032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.88067, "energy": 78.603306, "activity_lines": [ 0.856667, 0.885455, 0.947667, 0.972086 ] }, { "date": "2025-01-17", "close": 0.85, "volume": 1636900, "typical_volume": 1151560.0, "trend": 0.992333, "fair_value": 1.676157, "relative_strength": -19.936838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.988287, "energy": 71.431005, "activity_lines": [ 0.848667, 0.874182, 0.934429, 0.962344 ] }, { "date": "2025-01-24", "close": 0.86, "volume": 272700, "typical_volume": 1154610.0, "trend": 0.986, "fair_value": 1.668885, "relative_strength": -19.137806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.66194, "energy": 58.364252, "activity_lines": [ 0.848667, 0.867455, 0.922714, 0.953806 ] }, { "date": "2025-01-31", "close": 0.89, "volume": 192900, "typical_volume": 1129580.0, "trend": 0.980333, "fair_value": 1.660883, "relative_strength": -13.058013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.919376, "energy": 43.94438, "activity_lines": [ 0.862, 0.868909, 0.914905, 0.947613 ] }, { "date": "2025-02-07", "close": 0.86, "volume": 172900, "typical_volume": 1076010.0, "trend": 0.973333, "fair_value": 1.653495, "relative_strength": -13.12775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.656357, "energy": 38.25138, "activity_lines": [ 0.864, 0.865091, 0.904952, 0.939849 ] }, { "date": "2025-02-14", "close": 0.84, "volume": 66400, "typical_volume": 749225.0, "trend": 0.966667, "fair_value": 1.646095, "relative_strength": -13.84054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.347333, "energy": 39.156686, "activity_lines": [ 0.858667, 0.858727, 0.894095, 0.931247 ] }, { "date": "2025-02-21", "close": 0.85, "volume": 271200, "typical_volume": 742450.0, "trend": 0.962, "fair_value": 1.63703, "relative_strength": -10.494571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.705851, "energy": 37.679629, "activity_lines": [ 0.855333, 0.855636, 0.885524, 0.92372 ] }, { "date": "2025-02-28", "close": 0.8, "volume": 270300, "typical_volume": 722855.0, "trend": 0.956333, "fair_value": 1.628336, "relative_strength": -12.215995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.374619, "energy": 50.979641, "activity_lines": [ 0.835333, 0.844727, 0.873286, 0.913269 ] }, { "date": "2025-03-07", "close": 0.81, "volume": 179100, "typical_volume": 720155.0, "trend": 0.949, "fair_value": 1.619822, "relative_strength": -10.539495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.47666, "energy": 51.217279, "activity_lines": [ 0.822667, 0.837636, 0.863429, 0.903828 ] }, { "date": "2025-03-14", "close": 0.85, "volume": 120600, "typical_volume": 697130.0, "trend": 0.946333, "fair_value": 1.607878, "relative_strength": -3.3154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.652364, "energy": 40.469207, "activity_lines": [ 0.828667, 0.838909, 0.858619, 0.897441 ] }, { "date": "2025-03-21", "close": 0.85, "volume": 4100, "typical_volume": 694385.0, "trend": 0.941333, "fair_value": 1.598352, "relative_strength": -3.806666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.166212, "energy": 36.043079, "activity_lines": [ 0.835333, 0.840182, 0.85481, 0.891226 ] }, { "date": "2025-03-28", "close": 0.8, "volume": 111700, "typical_volume": 676485.0, "trend": 0.935667, "fair_value": 1.58747, "relative_strength": -8.083354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.686881, "energy": 37.040227, "activity_lines": [ 0.824667, 0.831818, 0.847286, 0.882108 ] }, { "date": "2025-04-04", "close": 0.83, "volume": 185000, "typical_volume": 672750.0, "trend": 0.927333, "fair_value": 1.575167, "relative_strength": -0.119025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.658426, "energy": 28.65267, "activity_lines": [ 0.827333, 0.829818, 0.843571, 0.87529 ] }, { "date": "2025-04-11", "close": 0.81, "volume": 631200, "typical_volume": 610730.0, "trend": 0.919667, "fair_value": 1.563313, "relative_strength": -2.496989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.643453, "energy": 31.158805, "activity_lines": [ 0.821333, 0.824727, 0.83881, 0.86772 ] }, { "date": "2025-04-18", "close": 0.8, "volume": 253400, "typical_volume": 612950.0, "trend": 0.910667, "fair_value": 1.548284, "relative_strength": -5.089247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.539667, "energy": 34.749296, "activity_lines": [ 0.812, 0.819273, 0.833524, 0.86 ] }, { "date": "2025-04-25", "close": 0.78, "volume": 360900, "typical_volume": 620815.0, "trend": 0.899333, "fair_value": 1.532442, "relative_strength": -7.682161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.908998, "energy": 36.946518, "activity_lines": [ 0.799333, 0.811273, 0.826905, 0.85157 ] }, { "date": "2025-05-02", "close": 0.78, "volume": 218000, "typical_volume": 587635.0, "trend": 0.889333, "fair_value": 1.519471, "relative_strength": -10.275348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.463073, "energy": 44.26252, "activity_lines": [ 0.791333, 0.804364, 0.820952, 0.843871 ] }, { "date": "2025-05-09", "close": 0.82, "volume": 633700, "typical_volume": 544020.0, "trend": 0.88, "fair_value": 1.509752, "relative_strength": -6.095547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.722037, "energy": 33.533963, "activity_lines": [ 0.798, 0.806, 0.819476, 0.839398 ] }, { "date": "2025-05-16", "close": 0.84, "volume": 656400, "typical_volume": 476170.0, "trend": 0.872333, "fair_value": 1.49492, "relative_strength": -2.191132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.41612, "energy": 20.693883, "activity_lines": [ 0.812, 0.810909, 0.820333, 0.836817 ] }, { "date": "2025-05-23", "close": 0.86, "volume": 50900, "typical_volume": 420020.0, "trend": 0.865667, "fair_value": 1.480839, "relative_strength": 2.155721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.550962, "energy": 11.428572, "activity_lines": [ 0.830667, 0.818909, 0.823238, 0.836022 ] }, { "date": "2025-05-30", "close": 0.85, "volume": 144900, "typical_volume": 321660.0, "trend": 0.858333, "fair_value": 1.466445, "relative_strength": 3.738481, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.889077, "energy": 15.485765, "activity_lines": [ 0.842, 0.824909, 0.825143, 0.835011 ] }, { "date": "2025-06-06", "close": 0.84, "volume": 211000, "typical_volume": 250365.0, "trend": 0.853, "fair_value": 1.453734, "relative_strength": 4.015324, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.513478, "energy": 13.879729, "activity_lines": [ 0.845333, 0.829091, 0.825952, 0.833828 ] }, { "date": "2025-06-13", "close": 0.82, "volume": 179300, "typical_volume": 245695.0, "trend": 0.846667, "fair_value": 1.442392, "relative_strength": 3.155966, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.283645, "energy": 11.588636, "activity_lines": [ 0.838, 0.828909, 0.824905, 0.831699 ] }, { "date": "2025-06-20", "close": 0.81, "volume": 289100, "typical_volume": 250505.0, "trend": 0.843667, "fair_value": 1.428366, "relative_strength": 7.419419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.296211, "energy": 8.520237, "activity_lines": [ 0.827333, 0.827091, 0.823095, 0.829333 ] }, { "date": "2025-06-27", "close": 0.8, "volume": 78700, "typical_volume": 245795.0, "trend": 0.839667, "fair_value": 1.414275, "relative_strength": 4.837751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.239121, "energy": 19.148386, "activity_lines": [ 0.815333, 0.823455, 0.820714, 0.826516 ] }, { "date": "2025-07-04", "close": 0.81, "volume": 72900, "typical_volume": 246120.0, "trend": 0.836, "fair_value": 1.401996, "relative_strength": 2.829606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.055491, "energy": 21.09289, "activity_lines": [ 0.810667, 0.821636, 0.819571, 0.824602 ] }, { "date": "2025-07-11", "close": 0.81, "volume": 68300, "typical_volume": 235975.0, "trend": 0.832333, "fair_value": 1.388094, "relative_strength": 2.94787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.855859, "energy": 24.430625, "activity_lines": [ 0.808667, 0.819273, 0.818571, 0.822925 ] }, { "date": "2025-07-18", "close": 0.81, "volume": 660700, "typical_volume": 255495.0, "trend": 0.829, "fair_value": 1.374192, "relative_strength": -4.031875, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.205587, "energy": 29.048086, "activity_lines": [ 0.808667, 0.816364, 0.817762, 0.821484 ] }, { "date": "2025-07-25", "close": 0.81, "volume": 506400, "typical_volume": 271860.0, "trend": 0.827, "fair_value": 1.36079, "relative_strength": -4.624461, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.846418, "energy": 21.353311, "activity_lines": [ 0.809333, 0.813636, 0.816905, 0.820258 ] }, { "date": "2025-08-01", "close": 0.81, "volume": 1654500, "typical_volume": 348555.0, "trend": 0.825667, "fair_value": 1.346264, "relative_strength": -4.522428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.119875, "energy": 18.769141, "activity_lines": [ 0.81, 0.811455, 0.816048, 0.819161 ] }, { "date": "2025-08-08", "close": 0.84, "volume": 351300, "typical_volume": 365915.0, "trend": 0.826333, "fair_value": 1.333179, "relative_strength": -3.852971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.65709, "energy": 8.446466, "activity_lines": [ 0.82, 0.815636, 0.818238, 0.820086 ] }, { "date": "2025-08-15", "close": 0.84, "volume": 176000, "typical_volume": 369130.0, "trend": 0.826, "fair_value": 1.323463, "relative_strength": -3.754963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.033987, "energy": 4.540008, "activity_lines": [ 0.828, 0.82, 0.820476, 0.820968 ] }, { "date": "2025-08-22", "close": 0.89, "volume": 530800, "typical_volume": 386420.0, "trend": 0.827, "fair_value": 1.314192, "relative_strength": 2.544191, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.354884, "energy": 34.841702, "activity_lines": [ 0.850667, 0.833455, 0.827286, 0.825097 ] }, { "date": "2025-08-29", "close": 0.93, "volume": 720300, "typical_volume": 390875.0, "trend": 0.828333, "fair_value": 1.305927, "relative_strength": 8.491421, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.10528, "energy": 66.433272, "activity_lines": [ 0.881333, 0.852909, 0.837619, 0.831742 ] }, { "date": "2025-09-05", "close": 0.95, "volume": 842000, "typical_volume": 420305.0, "trend": 0.831333, "fair_value": 1.29754, "relative_strength": 8.370688, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.364892, "energy": 73.739481, "activity_lines": [ 0.910667, 0.873818, 0.849286, 0.839591 ] }, { "date": "2025-09-12", "close": 0.94, "volume": 885700, "typical_volume": 446545.0, "trend": 0.834667, "fair_value": 1.289214, "relative_strength": 4.851184, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.36293, "energy": 74.589175, "activity_lines": [ 0.927333, 0.890182, 0.859286, 0.846602 ] }, { "date": "2025-09-19", "close": 0.92, "volume": 1131500, "typical_volume": 492220.0, "trend": 0.837, "fair_value": 1.280884, "relative_strength": 2.764169, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.33972, "energy": 71.158988, "activity_lines": [ 0.930667, 0.900545, 0.866619, 0.852108 ] }, { "date": "2025-09-26", "close": 0.89, "volume": 1127100, "typical_volume": 516890.0, "trend": 0.84, "fair_value": 1.273735, "relative_strength": 0.713498, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.79669, "energy": 50.188872, "activity_lines": [ 0.918667, 0.903455, 0.870429, 0.855527 ] }, { "date": "2025-10-03", "close": 0.89, "volume": 760600, "typical_volume": 522100.0, "trend": 0.842667, "fair_value": 1.265713, "relative_strength": -0.278265, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.68775, "energy": 32.467971, "activity_lines": [ 0.906667, 0.904909, 0.873905, 0.858753 ] }, { "date": "2025-10-10", "close": 0.89, "volume": 608400, "typical_volume": 549975.0, "trend": 0.844, "fair_value": 1.257316, "relative_strength": 0.39415, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.797672, "energy": 20.413779, "activity_lines": [ 0.897333, 0.904909, 0.877143, 0.861806 ] }, { "date": "2025-10-17", "close": 0.89, "volume": 541300, "typical_volume": 569795.0, "trend": 0.845333, "fair_value": 1.248794, "relative_strength": 1.424972, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.723891, "energy": 17.449082, "activity_lines": [ 0.892, 0.903455, 0.880238, 0.864774 ] }, { "date": "2025-10-24", "close": 0.91, "volume": 467600, "typical_volume": 582625.0, "trend": 0.849, "fair_value": 1.2404, "relative_strength": 0.691592, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.849554, "energy": 17.51833, "activity_lines": [ 0.896667, 0.904727, 0.885048, 0.868946 ] }, { "date": "2025-10-31", "close": 0.88, "volume": 396500, "typical_volume": 593485.0, "trend": 0.850667, "fair_value": 1.232064, "relative_strength": -2.139172, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.697505, "energy": 15.423425, "activity_lines": [ 0.892, 0.899273, 0.886667, 0.870946 ] }, { "date": "2025-11-07", "close": 0.88, "volume": 189900, "typical_volume": 588525.0, "trend": 0.853, "fair_value": 1.224476, "relative_strength": -1.624017, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.059451, "energy": 13.650129, "activity_lines": [ 0.888, 0.894, 0.888, 0.872839 ] }, { "date": "2025-11-14", "close": 0.87, "volume": 103100, "typical_volume": 589745.0, "trend": 0.855333, "fair_value": 1.217574, "relative_strength": -0.122421, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.080477, "energy": 8.760175, "activity_lines": [ 0.881333, 0.887818, 0.888048, 0.873935 ] }, { "date": "2025-11-21", "close": 0.9, "volume": 175000, "typical_volume": 594850.0, "trend": 0.859333, "fair_value": 1.210489, "relative_strength": 4.267469, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.822854, "energy": 11.204266, "activity_lines": [ 0.886, 0.888545, 0.890619, 0.876817 ] }, { "date": "2025-11-28", "close": 0.89, "volume": 62000, "typical_volume": 594535.0, "trend": 0.863, "fair_value": 1.203464, "relative_strength": 2.738033, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.727944, "energy": 9.048557, "activity_lines": [ 0.886667, 0.888182, 0.89181, 0.878796 ] }, { "date": "2025-12-05", "close": 0.87, "volume": 596900, "typical_volume": 591345.0, "trend": 0.864667, "fair_value": 1.196437, "relative_strength": -1.053673, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.572158, "energy": 6.599834, "activity_lines": [ 0.882, 0.884727, 0.890714, 0.879247 ] }, { "date": "2025-12-12", "close": 0.84, "volume": 126500, "typical_volume": 572350.0, "trend": 0.864667, "fair_value": 1.189342, "relative_strength": -3.040662, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.407987, "energy": 9.020875, "activity_lines": [ 0.868, 0.876182, 0.886476, 0.877656 ] }, { "date": "2025-12-19", "close": 0.86, "volume": 283000, "typical_volume": 503775.0, "trend": 0.864667, "fair_value": 1.182687, "relative_strength": -0.636464, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -11.18172, "energy": 16.714639, "activity_lines": [ 0.863333, 0.872182, 0.884, 0.877355 ] }, { "date": "2025-12-26", "close": 0.84, "volume": 98700, "typical_volume": 491145.0, "trend": 0.864333, "fair_value": 1.175342, "relative_strength": -3.61549, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.209617, "energy": 27.982724, "activity_lines": [ 0.852667, 0.865091, 0.879381, 0.875763 ] }, { "date": "2026-01-02", "close": 0.85, "volume": 11700, "typical_volume": 482930.0, "trend": 0.864667, "fair_value": 1.168186, "relative_strength": -2.665437, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.642078, "energy": 29.424238, "activity_lines": [ 0.849333, 0.860727, 0.875714, 0.874839 ] }, { "date": "2026-01-09", "close": 0.82, "volume": 339400, "typical_volume": 473360.0, "trend": 0.864667, "fair_value": 1.160089, "relative_strength": -5.82519, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.15896, "energy": 38.327602, "activity_lines": [ 0.838667, 0.852, 0.869143, 0.871957 ] }, { "date": "2026-01-16", "close": 0.83, "volume": 488700, "typical_volume": 461780.0, "trend": 0.865333, "fair_value": 1.151931, "relative_strength": -6.327304, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.388877, "energy": 35.519304, "activity_lines": [ 0.834667, 0.846182, 0.863857, 0.86972 ] }, { "date": "2026-01-23", "close": 0.78, "volume": 212000, "typical_volume": 430280.0, "trend": 0.864667, "fair_value": 1.143952, "relative_strength": -14.469435, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.323529, "energy": 57.398644, "activity_lines": [ 0.814667, 0.832182, 0.854286, 0.864215 ] }, { "date": "2026-01-30", "close": 0.78, "volume": 148900, "typical_volume": 393440.0, "trend": 0.863667, "fair_value": 1.135474, "relative_strength": -14.985092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.410967, "energy": 64.870421, "activity_lines": [ 0.8, 0.819818, 0.845524, 0.858753 ] }, { "date": "2026-02-06", "close": 0.8, "volume": 276800, "typical_volume": 350705.0, "trend": 0.863333, "fair_value": 1.127499, "relative_strength": -14.443426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.651497, "energy": 58.566093, "activity_lines": [ 0.796, 0.813273, 0.839429, 0.854645 ] }, { "date": "2026-02-13", "close": 0.79, "volume": 449800, "typical_volume": 316840.0, "trend": 0.862667, "fair_value": 1.120083, "relative_strength": -19.784118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.127596, "energy": 59.963521, "activity_lines": [ 0.792, 0.806545, 0.832952, 0.849914 ] }, { "date": "2026-02-20", "close": 0.8, "volume": 299300, "typical_volume": 293775.0, "trend": 0.862333, "fair_value": 1.112981, "relative_strength": -21.163723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.00895, "energy": 45.507442, "activity_lines": [ 0.793333, 0.803091, 0.827905, 0.845871 ] }, { "date": "2026-02-27", "close": 0.82, "volume": 693400, "typical_volume": 298025.0, "trend": 0.862667, "fair_value": 1.106444, "relative_strength": -21.477962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.110352, "energy": 29.944248, "activity_lines": [ 0.803333, 0.804, 0.82519, 0.84314 ] }, { "date": "2026-03-06", "close": 0.79, "volume": 368600, "typical_volume": 289390.0, "trend": 0.861, "fair_value": 1.099715, "relative_strength": -17.764149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.346558, "energy": 26.895347, "activity_lines": [ 0.800667, 0.800182, 0.819952, 0.838452 ] }, { "date": "2026-03-13", "close": 0.81, "volume": 513000, "typical_volume": 291660.0, "trend": 0.86, "fair_value": 1.093363, "relative_strength": -15.263695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.250465, "energy": 20.595546, "activity_lines": [ 0.804, 0.800909, 0.817095, 0.835161 ] }, { "date": "2026-03-20", "close": 0.88, "volume": 19520800, "typical_volume": 1247875.0, "trend": 0.859667, "fair_value": 1.087648, "relative_strength": -9.196317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.746094, "energy": 11.168632, "activity_lines": [ 0.83, 0.815091, 0.821381, 0.836452 ] }, { "date": "2026-03-27", "close": 0.78, "volume": 1724300, "typical_volume": 1324595.0, "trend": 0.854667, "fair_value": 1.081416, "relative_strength": -19.974805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.888213, "energy": 16.533281, "activity_lines": [ 0.816667, 0.81, 0.816143, 0.831312 ] }, { "date": "2026-04-03", "close": 0.83, "volume": 1473100, "typical_volume": 1393095.0, "trend": 0.850667, "fair_value": 1.07563, "relative_strength": -14.846495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.966167, "energy": 13.134492, "activity_lines": [ 0.821333, 0.814909, 0.816143, 0.82972 ] }, { "date": "2026-04-10", "close": 0.85, "volume": 1843100, "typical_volume": 1476500.0, "trend": 0.847667, "fair_value": 1.069971, "relative_strength": -15.480261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.754587, "energy": 8.636207, "activity_lines": [ 0.832, 0.822545, 0.818238, 0.829677 ] }, { "date": "2026-04-17", "close": 0.84, "volume": 520600, "typical_volume": 1499430.0, "trend": 0.845, "fair_value": 1.064311, "relative_strength": -14.785019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.635676, "energy": 6.269743, "activity_lines": [ 0.835333, 0.827091, 0.819619, 0.829183 ] }, { "date": "2026-04-24", "close": 0.85, "volume": 591600, "typical_volume": 1499165.0, "trend": 0.843667, "fair_value": 1.05884, "relative_strength": -11.982953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.942173, "energy": 8.476149, "activity_lines": [ 0.84, 0.832727, 0.82219, 0.829505 ] }, { "date": "2026-05-01", "close": 0.9, "volume": 1526700, "typical_volume": 1569175.0, "trend": 0.844, "fair_value": 1.05369, "relative_strength": -9.02413, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.375388, "energy": 29.159021, "activity_lines": [ 0.863333, 0.846364, 0.829619, 0.83314 ] }, { "date": "2026-05-08", "close": 0.91, "volume": 597600, "typical_volume": 1584905.0, "trend": 0.844667, "fair_value": 1.048854, "relative_strength": -8.234005, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.314983, "energy": 40.446726, "activity_lines": [ 0.882, 0.86, 0.837714, 0.837398 ] }, { "date": "2026-05-15", "close": 0.9, "volume": 502400, "typical_volume": 1605090.0, "trend": 0.845, "fair_value": 1.044143, "relative_strength": -10.007215, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.491071, "energy": 40.365343, "activity_lines": [ 0.892, 0.870182, 0.844619, 0.840968 ] }, { "date": "2026-05-22", "close": 0.97, "volume": 3162000, "typical_volume": 1762605.0, "trend": 0.847, "fair_value": 1.040449, "relative_strength": -4.031943, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 71.862113, "energy": 63.457675, "activity_lines": [ 0.922, 0.891091, 0.857905, 0.849032 ] }, { "date": "2026-05-29", "close": 0.96, "volume": 148300, "typical_volume": 1753050.0, "trend": 0.849667, "fair_value": 1.036691, "relative_strength": -6.470638, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.741516, "energy": 63.480436, "activity_lines": [ 0.94, 0.907273, 0.869667, 0.856323 ] }, { "date": "2026-06-05", "close": 0.97, "volume": 43000, "typical_volume": 1730765.0, "trend": 0.852667, "fair_value": 1.032997, "relative_strength": -5.997396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.874749, "energy": 67.496188, "activity_lines": [ 0.954, 0.923818, 0.881714, 0.864086 ] }, { "date": "2026-06-12", "close": 0.94, "volume": 44800, "typical_volume": 1722405.0, "trend": 0.855, "fair_value": 1.029426, "relative_strength": -9.090284, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.751, "energy": 64.625965, "activity_lines": [ 0.953333, 0.931455, 0.890238, 0.86972 ] }, { "date": "2026-06-19", "close": 0.96, "volume": 29100, "typical_volume": 1716415.0, "trend": 0.857, "fair_value": 1.027436, "relative_strength": -5.566023, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.927229, "energy": 63.830025, "activity_lines": [ 0.957333, 0.940727, 0.899905, 0.876495 ] }, { "date": "2026-06-26", "close": 0.94, "volume": 38600, "typical_volume": 1704505.0, "trend": 0.858667, "fair_value": 1.025949, "relative_strength": -5.360322, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.287473, "energy": 53.915592, "activity_lines": [ 0.950667, 0.944364, 0.90681, 0.881849 ] }, { "date": "2026-07-03", "close": 0.88, "volume": 148700, "typical_volume": 1689450.0, "trend": 0.859, "fair_value": 1.023635, "relative_strength": -14.741025, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.607853, "energy": 26.016431, "activity_lines": [ 0.926, 0.935273, 0.907333, 0.883226 ] }, { "date": "2026-07-10", "close": 0.93, "volume": 339400, "typical_volume": 1691455.0, "trend": 0.862, "fair_value": 1.021894, "relative_strength": -10.065248, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.784107, "energy": 22.934989, "activity_lines": [ 0.923333, 0.934727, 0.91219, 0.887806 ] }, { "date": "2026-07-17", "close": 0.91, "volume": 107800, "typical_volume": 1662175.0, "trend": 0.863667, "fair_value": 1.020152, "relative_strength": -12.632449, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.094859, "energy": 21.202859, "activity_lines": [ 0.916667, 0.93, 0.914524, 0.890903 ] }, { "date": "2026-07-24", "close": 0.9, "volume": 111100, "typical_volume": 1649300.0, "trend": 0.865667, "fair_value": 1.018598, "relative_strength": -13.528866, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.092509, "energy": 21.863518, "activity_lines": [ 0.908667, 0.923455, 0.915476, 0.893247 ] }, { "date": "2026-07-31", "close": 0.92, "volume": 136600, "typical_volume": 1630480.0, "trend": 0.868, "fair_value": 1.01774, "relative_strength": -10.340279, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.480249, "energy": 15.216788, "activity_lines": [ 0.911333, 0.920545, 0.91781, 0.896753 ] }, { "date": "2026-08-07", "close": 0.9, "volume": 146100, "typical_volume": 661745.0, "trend": 0.870667, "fair_value": 1.016754, "relative_strength": -11.399559, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.635843, "energy": 12.351588, "activity_lines": [ 0.908667, 0.914909, 0.917714, 0.898817 ] } ], "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." } } }