{ "ticker": { "uuid": "c415d1cc-b69b-48d7-adb4-33c47549cf12", "symbol": "ORRON", "name": "Orr\u00f6n Energy AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 60.673, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -35.332, "architecture_energy": 46.992, "architecture_maturity": 8.769, "architecture_confidence": 73.638, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 24.33, "rotation_up": 15.95, "upward_expansion": 22.98, "deceleration": 53.55, "rotation_down": 67.56, "downward_expansion": 52.65 }, "activity_lines": [ 7.196, 7.382182, 7.938976, 7.886849 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 6.91, "trend_reference": 7.548667, "distance_from_trend": -0.084607, "trend_direction": "Improving", "fair_value": 6.737103, "distance_from_fair_value": 0.025663, "fair_value_direction": "Weakening", "relative_strength": -1.641777, "relative_strength_direction": "Weakening", "price_momentum": 0.17218, "excess_performance": 0.110685, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.084607, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.138413, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.025663, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.168828, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.016418, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.41232, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.17218, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.548369, "read": "Supply-led" } ], "volume": { "latest": 5999898, "relative_activity": 1.228015, "balance": 0.548369, "dry_up": 0.74747, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.099967, "annualized_volatility": 0.653359, "from_high_reference": -0.341905, "from_low_reference": 0.729229 }, "levels": { "trend_reference": 7.548667, "fair_value_reference": 6.737103, "structural_low": 5.6, "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": 2, "median_return": -0.129496, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.112438, "regime_survival": 0.0, "best_return": -0.073992, "worst_return": -0.185, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.206367, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.229316, "regime_survival": 0.0, "best_return": -0.052733, "worst_return": -0.36, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.367984, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.336697, "regime_survival": 0.0, "best_return": -0.354412, "worst_return": -0.381557, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.501806, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.573796, "regime_survival": 0.0, "best_return": -0.397846, "worst_return": -0.605765, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.085588, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-06-27", "tenure": "Extended", "return": -0.281455, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-08-15", "tenure": "Developing", "return": -0.194857, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2025-09-26", "tenure": "Developing", "return": 0.006679, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": -0.181596, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.063948, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.06446, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": -0.149822, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-02-06", "tenure": "Developing", "return": 0.211965, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-04-10", "tenure": "Developing", "return": 0.170692, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.257975, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-19", "tenure": "Developing", "return": -0.199367, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": -0.028226, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.02, "volume": 12844626, "typical_volume": 17301179.85, "trend": 12.8975, "fair_value": 7.657755, "relative_strength": -42.424823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.178395, "energy": 38.408128, "activity_lines": [ 10.767, 10.892364, 11.233905, 11.766204 ] }, { "date": "2023-08-25", "close": 9.68, "volume": 9314044, "typical_volume": 16753194.55, "trend": 12.552833, "fair_value": 7.719644, "relative_strength": -43.64617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.333813, "energy": 47.888717, "activity_lines": [ 10.344667, 10.634364, 11.051452, 11.558624 ] }, { "date": "2023-09-01", "close": 9.544, "volume": 27893493, "typical_volume": 16949733.8, "trend": 12.248467, "fair_value": 7.780669, "relative_strength": -44.65673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.964919, "energy": 61.446543, "activity_lines": [ 9.966333, 10.401, 10.878143, 11.364505 ] }, { "date": "2023-09-08", "close": 8.634, "volume": 10813849, "typical_volume": 16375278.25, "trend": 11.9696, "fair_value": 7.835866, "relative_strength": -48.870805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.25936, "energy": 77.644406, "activity_lines": [ 9.426733, 10.035473, 10.636171, 11.131314 ] }, { "date": "2023-09-15", "close": 8.794, "volume": 9245821, "typical_volume": 16004208.7, "trend": 11.741733, "fair_value": 7.892085, "relative_strength": -47.327705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.959725, "energy": 77.236375, "activity_lines": [ 9.1012, 9.748145, 10.424419, 10.926437 ] }, { "date": "2023-09-22", "close": 7.858, "volume": 8317736, "typical_volume": 15697474.3, "trend": 11.513, "fair_value": 7.942314, "relative_strength": -51.490546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.69606, "energy": 82.524788, "activity_lines": [ 8.609067, 9.330745, 10.138505, 10.675873 ] }, { "date": "2023-09-29", "close": 7.31, "volume": 8708723, "typical_volume": 15583584.95, "trend": 11.259667, "fair_value": 7.988878, "relative_strength": -53.759394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.845017, "energy": 86.290418, "activity_lines": [ 8.0784, 8.855382, 9.818695, 10.404712 ] }, { "date": "2023-10-06", "close": 7.01, "volume": 10772304, "typical_volume": 14859011.6, "trend": 11.0315, "fair_value": 8.033489, "relative_strength": -54.487989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.35162, "energy": 89.224935, "activity_lines": [ 7.605733, 8.392927, 9.487314, 10.13054 ] }, { "date": "2023-10-13", "close": 7.532, "volume": 10610468, "typical_volume": 13396484.3, "trend": 10.8389, "fair_value": 8.081451, "relative_strength": -50.904753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.12692, "energy": 83.779009, "activity_lines": [ 7.476, 8.1102, 9.224005, 9.904766 ] }, { "date": "2023-10-20", "close": 6.954, "volume": 8835919, "typical_volume": 13128370.2, "trend": 10.627367, "fair_value": 8.125725, "relative_strength": -51.205238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.131078, "energy": 84.555691, "activity_lines": [ 7.227067, 7.786255, 8.925305, 9.654127 ] }, { "date": "2023-10-27", "close": 6.914, "volume": 11908643, "typical_volume": 13018166.3, "trend": 10.404833, "fair_value": 8.169757, "relative_strength": -49.66058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.675857, "energy": 78.123778, "activity_lines": [ 7.087467, 7.528145, 8.644895, 9.414555 ] }, { "date": "2023-11-03", "close": 7.24, "volume": 8642728, "typical_volume": 12561948.95, "trend": 10.168833, "fair_value": 8.215867, "relative_strength": -47.774085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.468641, "energy": 61.520926, "activity_lines": [ 7.119467, 7.385782, 8.423848, 9.210372 ] }, { "date": "2023-11-10", "close": 6.914, "volume": 21662460, "typical_volume": 13253523.1, "trend": 9.955133, "fair_value": 8.259843, "relative_strength": -48.232224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.894967, "energy": 62.338014, "activity_lines": [ 7.047467, 7.228509, 8.1963, 9.000383 ] }, { "date": "2023-11-17", "close": 7.25, "volume": 10554837, "typical_volume": 13179526.3, "trend": 9.804133, "fair_value": 8.305962, "relative_strength": -46.186711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.700603, "energy": 56.33133, "activity_lines": [ 7.093867, 7.180145, 8.021995, 8.825858 ] }, { "date": "2023-11-24", "close": 7.122, "volume": 11176442, "typical_volume": 12780365.15, "trend": 9.643533, "fair_value": 8.351251, "relative_strength": -46.3873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.812744, "energy": 50.324375, "activity_lines": [ 7.1164, 7.133673, 7.854952, 8.652817 ] }, { "date": "2023-12-01", "close": 7.52, "volume": 7941898, "typical_volume": 12607706.6, "trend": 9.5042, "fair_value": 8.399079, "relative_strength": -42.371043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.829867, "energy": 42.77467, "activity_lines": [ 7.2604, 7.189964, 7.744281, 8.515815 ] }, { "date": "2023-12-08", "close": 7.398, "volume": 9272769, "typical_volume": 12445680.85, "trend": 9.388133, "fair_value": 8.446122, "relative_strength": -43.275585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.973826, "energy": 36.526402, "activity_lines": [ 7.323333, 7.230218, 7.634514, 8.379931 ] }, { "date": "2023-12-15", "close": 7.864, "volume": 16911097, "typical_volume": 12710914.45, "trend": 9.2881, "fair_value": 8.496157, "relative_strength": -39.971901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.766527, "energy": 26.445732, "activity_lines": [ 7.531067, 7.3536, 7.586376, 8.2816 ] }, { "date": "2023-12-22", "close": 8.414, "volume": 16119358, "typical_volume": 12967089.75, "trend": 9.1799, "fair_value": 8.54972, "relative_strength": -33.887915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.504794, "energy": 19.132457, "activity_lines": [ 7.8588, 7.561455, 7.608767, 8.225206 ] }, { "date": "2023-12-29", "close": 7.96, "volume": 8021897, "typical_volume": 11978455.6, "trend": 9.058733, "fair_value": 8.600114, "relative_strength": -36.249175, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.123934, "energy": 16.854318, "activity_lines": [ 7.9576, 7.670727, 7.600448, 8.146503 ] }, { "date": "2024-01-05", "close": 7.916, "volume": 6856972, "typical_volume": 11679072.9, "trend": 8.893933, "fair_value": 8.650184, "relative_strength": -33.3109, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.37746, "energy": 16.793023, "activity_lines": [ 7.985867, 7.753709, 7.602295, 8.072778 ] }, { "date": "2024-01-12", "close": 7.424, "volume": 11040303, "typical_volume": 11765385.85, "trend": 8.728233, "fair_value": 8.697063, "relative_strength": -36.208695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.574301, "energy": 14.705539, "activity_lines": [ 7.823733, 7.729018, 7.567305, 7.977944 ] }, { "date": "2024-01-19", "close": 7.172, "volume": 5303232, "typical_volume": 10635872.8, "trend": 8.588133, "fair_value": 8.742359, "relative_strength": -35.159618, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.292411, "energy": 25.061967, "activity_lines": [ 7.575867, 7.655164, 7.519057, 7.877542 ] }, { "date": "2024-01-26", "close": 7.434, "volume": 6166992, "typical_volume": 10403529.95, "trend": 8.4581, "fair_value": 8.789364, "relative_strength": -33.244363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.559405, "energy": 26.262471, "activity_lines": [ 7.461467, 7.624255, 7.507057, 7.803082 ] }, { "date": "2024-02-02", "close": 7.126, "volume": 7116707, "typical_volume": 10297074.25, "trend": 8.328967, "fair_value": 8.83435, "relative_strength": -34.576311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.179266, "energy": 34.174735, "activity_lines": [ 7.309733, 7.534, 7.471438, 7.71714 ] }, { "date": "2024-02-09", "close": 6.702, "volume": 8040321, "typical_volume": 10283203.5, "trend": 8.214033, "fair_value": 8.87659, "relative_strength": -36.775416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.298902, "energy": 55.450875, "activity_lines": [ 7.072267, 7.366582, 7.403381, 7.612174 ] }, { "date": "2024-02-16", "close": 6.752, "volume": 14295657, "typical_volume": 10562550.2, "trend": 8.071767, "fair_value": 8.919137, "relative_strength": -36.677365, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.202429, "energy": 55.684349, "activity_lines": [ 6.9324, 7.223127, 7.34559, 7.517849 ] }, { "date": "2024-02-23", "close": 6.68, "volume": 10403655, "typical_volume": 10544117.75, "trend": 7.905267, "fair_value": 8.961182, "relative_strength": -36.959059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.960699, "energy": 57.811493, "activity_lines": [ 6.813333, 7.078327, 7.2836, 7.428058 ] }, { "date": "2024-03-01", "close": 6.968, "volume": 7995308, "typical_volume": 10413359.75, "trend": 7.769367, "fair_value": 9.005006, "relative_strength": -33.828965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.597342, "energy": 47.91283, "activity_lines": [ 6.823067, 7.007418, 7.25061, 7.367589 ] }, { "date": "2024-03-08", "close": 6.782, "volume": 4582525, "typical_volume": 10200690.05, "trend": 7.6296, "fair_value": 9.047648, "relative_strength": -35.227295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.133318, "energy": 37.534519, "activity_lines": [ 6.801867, 6.928982, 7.20259, 7.303888 ] }, { "date": "2024-03-15", "close": 7.2, "volume": 6729928, "typical_volume": 9941754.3, "trend": 7.5356, "fair_value": 9.093003, "relative_strength": -31.373726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.792872, "energy": 29.583932, "activity_lines": [ 6.942933, 6.947964, 7.1952, 7.276172 ] }, { "date": "2024-03-22", "close": 7.38, "volume": 4665166, "typical_volume": 9742876.2, "trend": 7.458933, "fair_value": 9.139509, "relative_strength": -28.530209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.151237, "energy": 14.272729, "activity_lines": [ 7.1108, 7.012691, 7.20359, 7.266133 ] }, { "date": "2024-03-29", "close": 7.116, "volume": 3156189, "typical_volume": 8817562.65, "trend": 7.378, "fair_value": 9.183229, "relative_strength": -29.554675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.067657, "energy": 16.049728, "activity_lines": [ 7.1488, 7.030218, 7.186171, 7.244009 ] }, { "date": "2024-04-05", "close": 7.63, "volume": 4954037, "typical_volume": 8537522.65, "trend": 7.344533, "fair_value": 9.230284, "relative_strength": -22.760934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.135339, "energy": 14.865268, "activity_lines": [ 7.329067, 7.142218, 7.216743, 7.260267 ] }, { "date": "2024-04-12", "close": 7.654, "volume": 8708648, "typical_volume": 8414132.95, "trend": 7.306533, "fair_value": 9.277459, "relative_strength": -21.486679, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.941963, "energy": 20.222757, "activity_lines": [ 7.4732, 7.255018, 7.24779, 7.280232 ] }, { "date": "2024-04-19", "close": 7.342, "volume": 8452435, "typical_volume": 8439659.8, "trend": 7.289333, "fair_value": 9.322669, "relative_strength": -23.667174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.20586, "energy": 15.089945, "activity_lines": [ 7.4552, 7.301491, 7.24659, 7.28252 ] }, { "date": "2024-04-26", "close": 7.312, "volume": 4917809, "typical_volume": 8221911.8, "trend": 7.2894, "fair_value": 9.367661, "relative_strength": -24.728905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.11502, "energy": 14.483796, "activity_lines": [ 7.417733, 7.330873, 7.243381, 7.283983 ] }, { "date": "2024-05-03", "close": 7.242, "volume": 2770877, "typical_volume": 7514900.8, "trend": 7.297133, "fair_value": 9.412178, "relative_strength": -24.020206, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.095058, "energy": 7.797849, "activity_lines": [ 7.361467, 7.337345, 7.233914, 7.280925 ] }, { "date": "2024-05-10", "close": 7.56, "volume": 3569483, "typical_volume": 6887407.05, "trend": 7.298067, "fair_value": 9.458707, "relative_strength": -22.544128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.809526, "energy": 8.648843, "activity_lines": [ 7.4028, 7.391418, 7.257695, 7.297884 ] }, { "date": "2024-05-17", "close": 7.634, "volume": 9983497, "typical_volume": 6985487.05, "trend": 7.320733, "fair_value": 9.505717, "relative_strength": -20.265405, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.808154, "energy": 11.860556, "activity_lines": [ 7.473467, 7.448182, 7.29259, 7.319557 ] }, { "date": "2024-05-24", "close": 7.656, "volume": 4529186, "typical_volume": 6869097.75, "trend": 7.345467, "fair_value": 9.55282, "relative_strength": -19.786644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.195124, "energy": 20.453198, "activity_lines": [ 7.5528, 7.493455, 7.331133, 7.341187 ] }, { "date": "2024-05-31", "close": 9.206, "volume": 10738317, "typical_volume": 6853998.45, "trend": 7.411, "fair_value": 9.609778, "relative_strength": -2.002388, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.666623, "energy": 75.75947, "activity_lines": [ 8.127867, 7.812255, 7.518533, 7.461222 ] }, { "date": "2024-06-07", "close": 8.43, "volume": 3480036, "typical_volume": 6762838.65, "trend": 7.461533, "fair_value": 9.66171, "relative_strength": -9.788161, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.636628, "energy": 71.370418, "activity_lines": [ 8.318, 7.956764, 7.623543, 7.526963 ] }, { "date": "2024-06-14", "close": 7.14, "volume": 8201727, "typical_volume": 6864575.4, "trend": 7.457867, "fair_value": 9.705432, "relative_strength": -20.651633, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.144679, "energy": 47.544981, "activity_lines": [ 7.998933, 7.842836, 7.599705, 7.506219 ] }, { "date": "2024-06-21", "close": 7.264, "volume": 3312738, "typical_volume": 6674376.95, "trend": 7.4626, "fair_value": 9.749841, "relative_strength": -18.645978, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.425993, "energy": 22.939665, "activity_lines": [ 7.7492, 7.760364, 7.589076, 7.493712 ] }, { "date": "2024-06-28", "close": 7.15, "volume": 3468149, "typical_volume": 6445768.35, "trend": 7.450267, "fair_value": 9.791061, "relative_strength": -18.832231, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.326241, "energy": 14.821218, "activity_lines": [ 7.486133, 7.664255, 7.566933, 7.473544 ] }, { "date": "2024-07-05", "close": 8.222, "volume": 4596594, "typical_volume": 5960815.2, "trend": 7.477733, "fair_value": 9.839318, "relative_strength": -5.298009, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.927484, "energy": 24.807177, "activity_lines": [ 7.614133, 7.766545, 7.644752, 7.523333 ] }, { "date": "2024-07-12", "close": 8.64, "volume": 5280869, "typical_volume": 5704675.9, "trend": 7.5036, "fair_value": 9.890479, "relative_strength": -2.607234, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.972522, "energy": 28.522367, "activity_lines": [ 7.947067, 7.928291, 7.755381, 7.598318 ] }, { "date": "2024-07-19", "close": 7.858, "volume": 3017200, "typical_volume": 5455770.5, "trend": 7.485067, "fair_value": 9.936717, "relative_strength": -8.36754, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.843974, "energy": 32.339765, "activity_lines": [ 8.005333, 7.922436, 7.7822, 7.621183 ] }, { "date": "2024-07-26", "close": 7.618, "volume": 1762437, "typical_volume": 5314766.1, "trend": 7.473667, "fair_value": 9.981516, "relative_strength": -10.294869, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.174664, "energy": 33.14812, "activity_lines": [ 7.935733, 7.867527, 7.781924, 7.629759 ] }, { "date": "2024-08-02", "close": 7.568, "volume": 1584006, "typical_volume": 5057470.0, "trend": 7.462067, "fair_value": 10.026029, "relative_strength": -5.784534, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.316611, "energy": 19.814295, "activity_lines": [ 7.825867, 7.803818, 7.772905, 7.635845 ] }, { "date": "2024-08-09", "close": 9.672, "volume": 10137985, "typical_volume": 5331110.95, "trend": 7.537, "fair_value": 10.084017, "relative_strength": 21.572192, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.348792, "energy": 45.337996, "activity_lines": [ 8.389467, 8.124255, 7.962514, 7.778422 ] }, { "date": "2024-08-16", "close": 9.7, "volume": 9754461, "typical_volume": 5661024.55, "trend": 7.621267, "fair_value": 10.142408, "relative_strength": 18.932387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.318527, "energy": 62.649437, "activity_lines": [ 8.865733, 8.441309, 8.143876, 7.91797 ] }, { "date": "2024-08-23", "close": 9.47, "volume": 2795700, "typical_volume": 5553107.7, "trend": 7.689133, "fair_value": 10.199151, "relative_strength": 15.47999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.008145, "energy": 68.460085, "activity_lines": [ 9.194667, 8.693455, 8.291029, 8.037243 ] }, { "date": "2024-08-30", "close": 9.18, "volume": 2151525, "typical_volume": 5225251.55, "trend": 7.7576, "fair_value": 10.25404, "relative_strength": 10.913512, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.627736, "energy": 71.932146, "activity_lines": [ 9.319467, 8.850509, 8.4018, 8.133428 ] }, { "date": "2024-09-06", "close": 8.146, "volume": 2895643, "typical_volume": 4947411.95, "trend": 7.805733, "fair_value": 10.302317, "relative_strength": 3.408016, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.455057, "energy": 50.686834, "activity_lines": [ 8.995467, 8.784727, 8.406829, 8.158486 ] }, { "date": "2024-09-13", "close": 8.87, "volume": 2198903, "typical_volume": 4811466.65, "trend": 7.876333, "fair_value": 10.354818, "relative_strength": 10.959846, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.375616, "energy": 32.783741, "activity_lines": [ 8.874267, 8.832473, 8.476981, 8.227148 ] }, { "date": "2024-09-20", "close": 8.546, "volume": 2383807, "typical_volume": 4792113.15, "trend": 7.938533, "fair_value": 10.40502, "relative_strength": 4.870022, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.241197, "energy": 18.109016, "activity_lines": [ 8.698533, 8.809527, 8.508857, 8.270353 ] }, { "date": "2024-09-27", "close": 8.44, "volume": 2385160, "typical_volume": 4732897.0, "trend": 7.9876, "fair_value": 10.449137, "relative_strength": 1.322615, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.602387, "energy": 19.083642, "activity_lines": [ 8.5644, 8.769018, 8.524429, 8.302705 ] }, { "date": "2024-10-04", "close": 8.162, "volume": 2253877, "typical_volume": 4346416.0, "trend": 8.0336, "fair_value": 10.491035, "relative_strength": -0.600704, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.979972, "energy": 14.504225, "activity_lines": [ 8.406267, 8.667382, 8.509333, 8.313957 ] }, { "date": "2024-10-11", "close": 7.606, "volume": 2040110, "typical_volume": 4221962.2, "trend": 8.047133, "fair_value": 10.529044, "relative_strength": -6.546519, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.132294, "energy": 13.509563, "activity_lines": [ 8.130667, 8.454764, 8.438771, 8.28637 ] }, { "date": "2024-10-18", "close": 7.336, "volume": 1519039, "typical_volume": 3760998.3, "trend": 8.045667, "fair_value": 10.565337, "relative_strength": -9.771228, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.392927, "energy": 30.250764, "activity_lines": [ 7.801067, 8.192364, 8.342733, 8.24049 ] }, { "date": "2024-10-25", "close": 7.244, "volume": 2173929, "typical_volume": 3695692.95, "trend": 8.049933, "fair_value": 10.601257, "relative_strength": -10.515526, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.392049, "energy": 44.785615, "activity_lines": [ 7.543067, 7.955709, 8.246838, 8.18877 ] }, { "date": "2024-11-01", "close": 7.152, "volume": 2663103, "typical_volume": 3418761.75, "trend": 8.034, "fair_value": 10.636101, "relative_strength": -10.104445, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.187629, "energy": 52.615497, "activity_lines": [ 7.3412, 7.746982, 8.147829, 8.130839 ] }, { "date": "2024-11-08", "close": 6.628, "volume": 6866131, "typical_volume": 3596431.4, "trend": 7.9998, "fair_value": 10.668389, "relative_strength": -16.389787, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.931492, "energy": 69.800725, "activity_lines": [ 7.050533, 7.485127, 7.998857, 8.040129 ] }, { "date": "2024-11-15", "close": 6.624, "volume": 3307860, "typical_volume": 3588416.95, "trend": 7.975867, "fair_value": 10.70107, "relative_strength": -14.467889, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.174695, "energy": 80.790664, "activity_lines": [ 6.8608, 7.268945, 7.852533, 7.951368 ] }, { "date": "2024-11-22", "close": 6.708, "volume": 2526322, "typical_volume": 3484903.35, "trend": 7.955733, "fair_value": 10.734528, "relative_strength": -13.240156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.467756, "energy": 80.248566, "activity_lines": [ 6.764533, 7.095709, 7.716714, 7.86957 ] }, { "date": "2024-11-29", "close": 6.8, "volume": 3001472, "typical_volume": 3370933.5, "trend": 7.941, "fair_value": 10.767403, "relative_strength": -11.689791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.512591, "energy": 76.878972, "activity_lines": [ 6.7408, 6.978509, 7.596867, 7.795006 ] }, { "date": "2024-12-06", "close": 6.866, "volume": 2363552, "typical_volume": 3338251.1, "trend": 7.917867, "fair_value": 10.799946, "relative_strength": -13.948714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.420639, "energy": 69.988208, "activity_lines": [ 6.768667, 6.905055, 7.492067, 7.725652 ] }, { "date": "2024-12-13", "close": 7.216, "volume": 4199437, "typical_volume": 3460101.1, "trend": 7.903933, "fair_value": 10.834918, "relative_strength": -7.236563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.606107, "energy": 42.086181, "activity_lines": [ 6.932267, 6.923855, 7.425324, 7.68037 ] }, { "date": "2024-12-20", "close": 6.632, "volume": 3271660, "typical_volume": 3544483.8, "trend": 7.8698, "fair_value": 10.867343, "relative_strength": -11.44855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.585039, "energy": 42.328937, "activity_lines": [ 6.862, 6.853673, 7.304876, 7.59831 ] }, { "date": "2024-12-27", "close": 7.264, "volume": 1602125, "typical_volume": 3117690.8, "trend": 7.805067, "fair_value": 10.903847, "relative_strength": -3.368331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.702682, "energy": 29.748687, "activity_lines": [ 7.001867, 6.916109, 7.249076, 7.559226 ] }, { "date": "2025-01-03", "close": 7.482, "volume": 1630014, "typical_volume": 2711468.45, "trend": 7.773467, "fair_value": 10.930082, "relative_strength": -1.053266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.889404, "energy": 21.600674, "activity_lines": [ 7.177333, 7.019491, 7.225505, 7.538383 ] }, { "date": "2025-01-10", "close": 7.09, "volume": 2392103, "typical_volume": 2691288.6, "trend": 7.7718, "fair_value": 10.952881, "relative_strength": -6.490519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.239513, "energy": 20.080791, "activity_lines": [ 7.176667, 7.047273, 7.175162, 7.494288 ] }, { "date": "2025-01-17", "close": 6.904, "volume": 4744602, "typical_volume": 2820942.45, "trend": 7.7598, "fair_value": 10.973816, "relative_strength": -11.930206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.197177, "energy": 21.650391, "activity_lines": [ 7.099067, 7.042364, 7.118438, 7.438301 ] }, { "date": "2025-01-24", "close": 6.862, "volume": 1350769, "typical_volume": 2743698.75, "trend": 7.7502, "fair_value": 10.99359, "relative_strength": -13.868268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.742163, "energy": 24.875395, "activity_lines": [ 7.028267, 7.0248, 7.068552, 7.380378 ] }, { "date": "2025-01-31", "close": 6.682, "volume": 2427018, "typical_volume": 2755104.5, "trend": 7.698867, "fair_value": 11.013018, "relative_strength": -15.878054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.714571, "energy": 38.570274, "activity_lines": [ 6.882133, 6.970182, 7.007638, 7.311462 ] }, { "date": "2025-02-07", "close": 6.416, "volume": 2884312, "typical_volume": 2780129.75, "trend": 7.624733, "fair_value": 11.032026, "relative_strength": -18.063309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.639326, "energy": 62.269816, "activity_lines": [ 6.686133, 6.867673, 6.93181, 7.228697 ] }, { "date": "2025-02-14", "close": 6.092, "volume": 7441935, "typical_volume": 3032968.5, "trend": 7.565867, "fair_value": 11.050267, "relative_strength": -24.136654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.571405, "energy": 74.431519, "activity_lines": [ 6.4532, 6.713236, 6.835267, 7.129811 ] }, { "date": "2025-02-21", "close": 6.09, "volume": 2919226, "typical_volume": 3066235.95, "trend": 7.514933, "fair_value": 11.067631, "relative_strength": -24.113432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.336882, "energy": 78.044297, "activity_lines": [ 6.286133, 6.572509, 6.749714, 7.034594 ] }, { "date": "2025-02-28", "close": 6.024, "volume": 2849046, "typical_volume": 3106682.75, "trend": 7.463467, "fair_value": 11.081311, "relative_strength": -24.643001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.248976, "energy": 78.79256, "activity_lines": [ 6.151333, 6.440255, 6.667743, 6.938404 ] }, { "date": "2025-03-07", "close": 5.106, "volume": 6306409, "typical_volume": 3346051.25, "trend": 7.311267, "fair_value": 11.090048, "relative_strength": -35.872706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.853972, "energy": 88.074923, "activity_lines": [ 5.7664, 6.152145, 6.505876, 6.78631 ] }, { "date": "2025-03-14", "close": 4.872, "volume": 2450269, "typical_volume": 3359868.25, "trend": 7.150333, "fair_value": 11.097603, "relative_strength": -37.319609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.854067, "energy": 93.725994, "activity_lines": [ 5.408533, 5.860727, 6.332343, 6.628938 ] }, { "date": "2025-03-21", "close": 4.841, "volume": 4767548, "typical_volume": 3465090.5, "trend": 6.996033, "fair_value": 11.103169, "relative_strength": -36.007776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.047948, "energy": 92.927795, "activity_lines": [ 5.143267, 5.611127, 6.167152, 6.479948 ] }, { "date": "2025-03-28", "close": 4.819, "volume": 4017747, "typical_volume": 3322671.3, "trend": 6.850667, "fair_value": 11.073317, "relative_strength": -33.714483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.509041, "energy": 91.140611, "activity_lines": [ 4.954067, 5.398418, 6.010871, 6.339495 ] }, { "date": "2025-04-04", "close": 4.531, "volume": 2550091, "typical_volume": 3284782.85, "trend": 6.730167, "fair_value": 11.039209, "relative_strength": -30.215884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.853986, "energy": 92.500252, "activity_lines": [ 4.7536, 5.171255, 5.835776, 6.189839 ] }, { "date": "2025-04-11", "close": 4.226, "volume": 4633798, "typical_volume": 3390156.65, "trend": 6.575367, "fair_value": 11.002188, "relative_strength": -34.103236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.277, "energy": 93.473979, "activity_lines": [ 4.551, 4.931018, 5.6416, 6.02828 ] }, { "date": "2025-04-18", "close": 4.248, "volume": 1318946, "typical_volume": 3306030.35, "trend": 6.4321, "fair_value": 10.966565, "relative_strength": -35.454433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.539546, "energy": 89.513267, "activity_lines": [ 4.4144, 4.739436, 5.461338, 5.878127 ] }, { "date": "2025-04-25", "close": 4.48, "volume": 1336790, "typical_volume": 3254692.25, "trend": 6.3001, "fair_value": 10.933926, "relative_strength": -33.467815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.974335, "energy": 73.375391, "activity_lines": [ 4.396733, 4.629455, 5.315324, 5.752185 ] }, { "date": "2025-05-02", "close": 4.84, "volume": 1526429, "typical_volume": 3121041.85, "trend": 6.189367, "fair_value": 10.900781, "relative_strength": -28.722176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.376842, "energy": 64.253469, "activity_lines": [ 4.523133, 4.614236, 5.214957, 5.657985 ] }, { "date": "2025-05-09", "close": 4.254, "volume": 2866367, "typical_volume": 3100777.2, "trend": 6.077633, "fair_value": 10.86373, "relative_strength": -36.500189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.386746, "energy": 63.730079, "activity_lines": [ 4.4528, 4.5152, 5.070095, 5.533123 ] }, { "date": "2025-05-16", "close": 4.42, "volume": 1983576, "typical_volume": 3119849.75, "trend": 5.980433, "fair_value": 10.826217, "relative_strength": -35.949205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.49107, "energy": 57.150216, "activity_lines": [ 4.456267, 4.478527, 4.952367, 5.426178 ] }, { "date": "2025-05-23", "close": 4.304, "volume": 1240968, "typical_volume": 3100397.45, "trend": 5.882433, "fair_value": 10.785086, "relative_strength": -35.467803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.35563, "energy": 56.155075, "activity_lines": [ 4.408133, 4.433236, 4.837133, 5.318022 ] }, { "date": "2025-05-30", "close": 4.446, "volume": 827822, "typical_volume": 3022183.4, "trend": 5.792233, "fair_value": 10.742517, "relative_strength": -32.937887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.942078, "energy": 53.844528, "activity_lines": [ 4.4036, 4.424091, 4.750557, 5.225348 ] }, { "date": "2025-06-06", "close": 4.504, "volume": 1480992, "typical_volume": 2859002.9, "trend": 5.721433, "fair_value": 10.70014, "relative_strength": -32.047227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.8741, "energy": 51.483631, "activity_lines": [ 4.420667, 4.432673, 4.682095, 5.142237 ] }, { "date": "2025-06-13", "close": 5.34, "volume": 2347328, "typical_volume": 2908830.85, "trend": 5.678633, "fair_value": 10.66791, "relative_strength": -17.032716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.852138, "energy": 22.896709, "activity_lines": [ 4.7388, 4.598982, 4.704681, 5.117628 ] }, { "date": "2025-06-20", "close": 4.95, "volume": 1934854, "typical_volume": 2884222.65, "trend": 5.620033, "fair_value": 10.652846, "relative_strength": -22.243324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.4367, "energy": 23.429547, "activity_lines": [ 4.854533, 4.679673, 4.697371, 5.070619 ] }, { "date": "2025-06-27", "close": 4.82, "volume": 1213394, "typical_volume": 2800676.75, "trend": 5.554033, "fair_value": 10.64032, "relative_strength": -25.596074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.819882, "energy": 20.146323, "activity_lines": [ 4.8916, 4.723564, 4.685929, 5.019004 ] }, { "date": "2025-07-04", "close": 5.055, "volume": 1746720, "typical_volume": 2515916.0, "trend": 5.493667, "fair_value": 10.623955, "relative_strength": -21.462435, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.594475, "energy": 18.703095, "activity_lines": [ 4.9726, 4.799782, 4.704467, 4.986809 ] }, { "date": "2025-07-11", "close": 4.908, "volume": 967238, "typical_volume": 2418316.6, "trend": 5.416733, "fair_value": 10.606109, "relative_strength": -23.946508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.945761, "energy": 13.796287, "activity_lines": [ 4.964, 4.838818, 4.713943, 4.949024 ] }, { "date": "2025-07-18", "close": 4.788, "volume": 1402143, "typical_volume": 2345971.45, "trend": 5.355267, "fair_value": 10.574109, "relative_strength": -25.186383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.471701, "energy": 9.206703, "activity_lines": [ 4.888467, 4.8548, 4.717619, 4.90846 ] }, { "date": "2025-07-25", "close": 5.18, "volume": 1811545, "typical_volume": 2121228.25, "trend": 5.2858, "fair_value": 10.527186, "relative_strength": -20.323383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.523729, "energy": 8.826616, "activity_lines": [ 4.9804, 4.932345, 4.764514, 4.897153 ] }, { "date": "2025-08-01", "close": 4.934, "volume": 2478210, "typical_volume": 2122625.3, "trend": 5.200867, "fair_value": 10.46266, "relative_strength": -21.248507, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.334145, "energy": 8.95114, "activity_lines": [ 4.975, 4.951345, 4.787629, 4.874456 ] }, { "date": "2025-08-08", "close": 4.418, "volume": 2826293, "typical_volume": 2025562.55, "trend": 5.1118, "fair_value": 10.357263, "relative_strength": -30.149196, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.612559, "energy": 20.747224, "activity_lines": [ 4.79, 4.865073, 4.761305, 4.823948 ] }, { "date": "2025-08-15", "close": 4.07, "volume": 3270278, "typical_volume": 1988189.1, "trend": 5.017333, "fair_value": 10.265981, "relative_strength": -35.400622, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.082632, "energy": 38.850495, "activity_lines": [ 4.531467, 4.716036, 4.703852, 4.756735 ] }, { "date": "2025-08-22", "close": 4.492, "volume": 2605403, "typical_volume": 1990954.7, "trend": 4.938333, "fair_value": 10.162724, "relative_strength": -28.827834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.807741, "energy": 40.215982, "activity_lines": [ 4.469467, 4.651618, 4.690157, 4.722843 ] }, { "date": "2025-08-29", "close": 4.288, "volume": 2067806, "typical_volume": 1862655.1, "trend": 4.858533, "fair_value": 10.067711, "relative_strength": -29.310685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.349667, "energy": 52.757193, "activity_lines": [ 4.3592, 4.565527, 4.657219, 4.680886 ] }, { "date": "2025-09-05", "close": 4.444, "volume": 1784749, "typical_volume": 1885945.25, "trend": 4.7928, "fair_value": 9.963891, "relative_strength": -25.782245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.023349, "energy": 52.215052, "activity_lines": [ 4.3604, 4.519836, 4.638843, 4.654142 ] }, { "date": "2025-09-12", "close": 4.422, "volume": 2742037, "typical_volume": 1956207.6, "trend": 4.737133, "fair_value": 9.847558, "relative_strength": -25.235781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.748213, "energy": 34.509181, "activity_lines": [ 4.386933, 4.476982, 4.617438, 4.630219 ] }, { "date": "2025-09-19", "close": 4.43, "volume": 2096983, "typical_volume": 1984735.3, "trend": 4.6818, "fair_value": 9.756949, "relative_strength": -24.351085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.296008, "energy": 29.351384, "activity_lines": [ 4.415867, 4.447091, 4.597071, 4.610404 ] }, { "date": "2025-09-26", "close": 4.522, "volume": 2084628, "typical_volume": 1945648.35, "trend": 4.631733, "fair_value": 9.657891, "relative_strength": -21.715907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.055032, "energy": 19.404663, "activity_lines": [ 4.451467, 4.442618, 4.587419, 4.600095 ] }, { "date": "2025-10-03", "close": 4.912, "volume": 1691378, "typical_volume": 1931038.45, "trend": 4.625267, "fair_value": 9.538288, "relative_strength": -16.612754, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.878975, "energy": 9.870632, "activity_lines": [ 4.615067, 4.513891, 4.613633, 4.618176 ] }, { "date": "2025-10-10", "close": 4.62, "volume": 1333625, "typical_volume": 1935671.3, "trend": 4.616867, "fair_value": 9.436494, "relative_strength": -20.070737, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.735852, "energy": 8.313336, "activity_lines": [ 4.639733, 4.536945, 4.609695, 4.617837 ] }, { "date": "2025-10-17", "close": 4.388, "volume": 2164425, "typical_volume": 2002501.45, "trend": 4.601767, "fair_value": 9.331032, "relative_strength": -23.079238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.641088, "energy": 8.149833, "activity_lines": [ 4.575333, 4.523527, 4.582157, 4.603071 ] }, { "date": "2025-10-24", "close": 4.362, "volume": 1166852, "typical_volume": 1986794.45, "trend": 4.586533, "fair_value": 9.21207, "relative_strength": -25.041505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.007194, "energy": 10.487537, "activity_lines": [ 4.504533, 4.505927, 4.552419, 4.587602 ] }, { "date": "2025-10-31", "close": 4.374, "volume": 757765, "typical_volume": 1907316.3, "trend": 4.5813, "fair_value": 9.074724, "relative_strength": -23.439455, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.366043, "energy": 31.677239, "activity_lines": [ 4.442267, 4.4852, 4.5245, 4.57389 ] }, { "date": "2025-11-07", "close": 4.02, "volume": 3320775, "typical_volume": 1976612.35, "trend": 4.574433, "fair_value": 8.912481, "relative_strength": -28.010774, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.901654, "energy": 57.784993, "activity_lines": [ 4.271867, 4.402255, 4.467467, 4.537677 ] }, { "date": "2025-11-14", "close": 4.316, "volume": 5064552, "typical_volume": 2169170.25, "trend": 4.5767, "fair_value": 8.766237, "relative_strength": -22.600985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.417888, "energy": 50.547417, "activity_lines": [ 4.2596, 4.378, 4.443052, 4.521004 ] }, { "date": "2025-11-21", "close": 4.04, "volume": 2250908, "typical_volume": 2194379.65, "trend": 4.562033, "fair_value": 8.629955, "relative_strength": -25.166408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.118623, "energy": 59.916565, "activity_lines": [ 4.1756, 4.305891, 4.394752, 4.486378 ] }, { "date": "2025-11-28", "close": 5.74, "volume": 13260174, "typical_volume": 2809026.45, "trend": 4.592033, "fair_value": 8.507776, "relative_strength": 3.594227, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.614964, "energy": 17.014194, "activity_lines": [ 4.681467, 4.549818, 4.51319, 4.562376 ] }, { "date": "2025-12-05", "close": 6.11, "volume": 6730689, "typical_volume": 3075453.75, "trend": 4.6539, "fair_value": 8.39034, "relative_strength": 9.247556, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.754103, "energy": 65.965478, "activity_lines": [ 5.2188, 4.8372, 4.662905, 4.66031 ] }, { "date": "2025-12-12", "close": 5.62, "volume": 4805311, "typical_volume": 3225142.05, "trend": 4.6939, "fair_value": 8.281558, "relative_strength": 1.505561, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.012757, "energy": 71.554356, "activity_lines": [ 5.477067, 5.006618, 4.759657, 4.722639 ] }, { "date": "2025-12-19", "close": 4.978, "volume": 4042479, "typical_volume": 3303355.5, "trend": 4.716367, "fair_value": 8.174045, "relative_strength": -9.911917, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.080956, "energy": 61.620032, "activity_lines": [ 5.414667, 5.046436, 4.793171, 4.740968 ] }, { "date": "2025-12-26", "close": 4.84, "volume": 2195016, "typical_volume": 3271791.65, "trend": 4.7295, "fair_value": 8.061096, "relative_strength": -11.584656, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.296728, "energy": 57.782048, "activity_lines": [ 5.262133, 5.054655, 4.813333, 4.748944 ] }, { "date": "2026-01-02", "close": 4.778, "volume": 2547354, "typical_volume": 3235645.45, "trend": 4.738633, "fair_value": 7.953263, "relative_strength": -12.533356, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.371887, "energy": 21.330025, "activity_lines": [ 5.0356, 5.043382, 4.825581, 4.752073 ] }, { "date": "2026-01-09", "close": 4.864, "volume": 5396075, "typical_volume": 3375179.05, "trend": 4.722767, "fair_value": 7.838032, "relative_strength": -12.71564, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.923805, "energy": 19.953246, "activity_lines": [ 4.901867, 5.040182, 4.842648, 4.760161 ] }, { "date": "2026-01-16", "close": 5.01, "volume": 3115400, "typical_volume": 3427558.75, "trend": 4.724767, "fair_value": 7.733609, "relative_strength": -11.100742, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.332137, "energy": 19.091393, "activity_lines": [ 4.899867, 5.054618, 4.871848, 4.778692 ] }, { "date": "2026-01-23", "close": 5.28, "volume": 3441849, "typical_volume": 3510413.75, "trend": 4.7401, "fair_value": 7.639122, "relative_strength": -4.709625, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.982165, "energy": 17.990895, "activity_lines": [ 5.028533, 5.100145, 4.923324, 4.814514 ] }, { "date": "2026-01-30", "close": 5.325, "volume": 4724489, "typical_volume": 3609536.35, "trend": 4.7491, "fair_value": 7.553545, "relative_strength": -3.55922, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.891422, "energy": 27.412001, "activity_lines": [ 5.152067, 5.136327, 4.975105, 4.852249 ] }, { "date": "2026-02-06", "close": 5.895, "volume": 6137523, "typical_volume": 3811563.35, "trend": 4.782, "fair_value": 7.482359, "relative_strength": 4.146316, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.970208, "energy": 52.659322, "activity_lines": [ 5.433267, 5.252782, 5.076871, 4.926178 ] }, { "date": "2026-02-13", "close": 6.21, "volume": 7834496, "typical_volume": 4099056.75, "trend": 4.8294, "fair_value": 7.421974, "relative_strength": 10.029197, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.564263, "energy": 66.418678, "activity_lines": [ 5.745, 5.423691, 5.201662, 5.018308 ] }, { "date": "2026-02-20", "close": 6.935, "volume": 7201291, "typical_volume": 4374552.4, "trend": 4.8879, "fair_value": 7.372071, "relative_strength": 20.600163, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.391604, "energy": 77.64275, "activity_lines": [ 6.208667, 5.7246, 5.387462, 5.154153 ] }, { "date": "2026-02-27", "close": 7.065, "volume": 6685718, "typical_volume": 4642157.05, "trend": 4.958933, "fair_value": 7.321782, "relative_strength": 21.272717, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.369867, "energy": 86.987152, "activity_lines": [ 6.587333, 6.025236, 5.57601, 5.294611 ] }, { "date": "2026-03-06", "close": 8.095, "volume": 8190357, "typical_volume": 4943453.65, "trend": 5.0815, "fair_value": 7.284859, "relative_strength": 46.143176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.428778, "energy": 95.510569, "activity_lines": [ 7.190333, 6.4752, 5.85101, 5.496938 ] }, { "date": "2026-03-13", "close": 8.25, "volume": 18555501, "typical_volume": 5812886.1, "trend": 5.220833, "fair_value": 7.252423, "relative_strength": 48.484027, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.853991, "energy": 93.418177, "activity_lines": [ 7.660333, 6.894164, 6.123119, 5.701357 ] }, { "date": "2026-03-20", "close": 7.625, "volume": 11922028, "typical_volume": 6371099.25, "trend": 5.325267, "fair_value": 7.216045, "relative_strength": 43.384825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.274113, "energy": 85.267815, "activity_lines": [ 7.765, 7.136364, 6.31719, 5.856465 ] }, { "date": "2026-03-27", "close": 6.405, "volume": 9416962, "typical_volume": 6675908.6, "trend": 5.395833, "fair_value": 7.169987, "relative_strength": 20.051305, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.411311, "energy": 55.350122, "activity_lines": [ 7.368667, 7.106545, 6.37959, 5.926125 ] }, { "date": "2026-04-03", "close": 7.145, "volume": 4669325, "typical_volume": 6656147.25, "trend": 5.485867, "fair_value": 7.123994, "relative_strength": 28.756598, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.086731, "energy": 44.161483, "activity_lines": [ 7.254333, 7.185909, 6.50111, 6.038974 ] }, { "date": "2026-04-10", "close": 7.27, "volume": 4899039, "typical_volume": 6788553.8, "trend": 5.5808, "fair_value": 7.085179, "relative_strength": 24.317961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.146288, "energy": 31.221812, "activity_lines": [ 7.176333, 7.254091, 6.621062, 6.15408 ] }, { "date": "2026-04-17", "close": 7.21, "volume": 7492375, "typical_volume": 6500163.85, "trend": 5.673467, "fair_value": 7.055885, "relative_strength": 19.926274, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.631943, "energy": 24.996772, "activity_lines": [ 7.133333, 7.276, 6.719919, 6.259189 ] }, { "date": "2026-04-24", "close": 9.07, "volume": 10475333, "typical_volume": 6687396.05, "trend": 5.825067, "fair_value": 7.037487, "relative_strength": 53.125701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.951576, "energy": 49.036335, "activity_lines": [ 7.779667, 7.612182, 6.988919, 6.47832 ] }, { "date": "2026-05-01", "close": 9.48, "volume": 5635506, "typical_volume": 6728905.8, "trend": 5.977333, "fair_value": 7.023256, "relative_strength": 60.342638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.752439, "energy": 69.346502, "activity_lines": [ 8.466333, 7.970909, 7.282871, 6.714123 ] }, { "date": "2026-05-08", "close": 8.37, "volume": 7022994, "typical_volume": 6877931.55, "trend": 6.102333, "fair_value": 7.007167, "relative_strength": 39.590177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.680203, "energy": 64.403529, "activity_lines": [ 8.578, 8.081545, 7.452729, 6.868488 ] }, { "date": "2026-05-15", "close": 9.53, "volume": 4915029, "typical_volume": 7013932.2, "trend": 6.273733, "fair_value": 6.998609, "relative_strength": 58.693829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.747182, "energy": 77.394061, "activity_lines": [ 8.994667, 8.379364, 7.71691, 7.089628 ] }, { "date": "2026-05-22", "close": 10.14, "volume": 8187273, "typical_volume": 7295928.15, "trend": 6.466333, "fair_value": 6.988865, "relative_strength": 60.641491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.888517, "energy": 81.10954, "activity_lines": [ 9.464, 8.762, 8.016852, 7.339065 ] }, { "date": "2026-05-29", "close": 9.31, "volume": 10320967, "typical_volume": 7542172.75, "trend": 6.630867, "fair_value": 6.974218, "relative_strength": 46.208763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.532626, "energy": 58.461162, "activity_lines": [ 9.461333, 8.959364, 8.212214, 7.522527 ] }, { "date": "2026-06-05", "close": 9.35, "volume": 800838, "typical_volume": 7426444.65, "trend": 6.808533, "fair_value": 6.951718, "relative_strength": 46.177058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.453718, "energy": 59.217304, "activity_lines": [ 9.456, 9.133364, 8.390214, 7.697955 ] }, { "date": "2026-06-12", "close": 8.7, "volume": 867782, "typical_volume": 7297741.3, "trend": 6.954667, "fair_value": 6.928032, "relative_strength": 35.348397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.715206, "energy": 46.825386, "activity_lines": [ 9.242667, 9.135636, 8.485643, 7.819985 ] }, { "date": "2026-06-19", "close": 7.59, "volume": 4242287, "typical_volume": 7273631.2, "trend": 7.073, "fair_value": 6.903769, "relative_strength": 15.27063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.044742, "energy": 21.81193, "activity_lines": [ 8.637333, 8.907818, 8.459071, 7.860974 ] }, { "date": "2026-06-26", "close": 7.44, "volume": 2398684, "typical_volume": 7086689.25, "trend": 7.129667, "fair_value": 6.878801, "relative_strength": 13.432405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.606721, "energy": 20.166221, "activity_lines": [ 8.111333, 8.646909, 8.407429, 7.884652 ] }, { "date": "2026-07-03", "close": 7.49, "volume": 388573, "typical_volume": 6714393.1, "trend": 7.175667, "fair_value": 6.856301, "relative_strength": 10.605633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.176361, "energy": 23.913785, "activity_lines": [ 7.782, 8.390909, 8.35319, 7.907899 ] }, { "date": "2026-07-10", "close": 7.38, "volume": 1375978, "typical_volume": 6423127.45, "trend": 7.234333, "fair_value": 6.838545, "relative_strength": 10.953138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.723792, "energy": 28.129963, "activity_lines": [ 7.537333, 8.143636, 8.282381, 7.921082 ] }, { "date": "2026-07-17", "close": 7.16, "volume": 2241906, "typical_volume": 6200936.85, "trend": 7.307067, "fair_value": 6.813801, "relative_strength": 8.307316, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.450723, "energy": 29.966427, "activity_lines": [ 7.350667, 7.894545, 8.1885, 7.916286 ] }, { "date": "2026-07-24", "close": 7.59, "volume": 2745293, "typical_volume": 5928683.65, "trend": 7.398733, "fair_value": 6.787615, "relative_strength": 12.525226, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.484736, "energy": 34.987926, "activity_lines": [ 7.41, 7.745636, 8.135119, 7.93454 ] }, { "date": "2026-07-31", "close": 7.23, "volume": 3621012, "typical_volume": 5181959.2, "trend": 7.480467, "fair_value": 6.76316, "relative_strength": 5.358161, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.707635, "energy": 43.912428, "activity_lines": [ 7.349333, 7.566545, 8.049857, 7.923654 ] }, { "date": "2026-08-07", "close": 6.91, "volume": 5999898, "typical_volume": 4885852.7, "trend": 7.548667, "fair_value": 6.737103, "relative_strength": -1.641777, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.331705, "energy": 46.991767, "activity_lines": [ 7.196, 7.382182, 7.938976, 7.886849 ] } ], "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." } } }