{ "ticker": { "uuid": "c5590a1e-cc14-4604-875b-2087494ea484", "symbol": "ALNOV", "name": "Novacyt S.A.", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 1, "stage_name": "Basing", "phase": "1a", "phase_label": "Stage 1A \u00b7 Bottoming", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 57.197, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 26.014, "architecture_energy": 12.923, "architecture_maturity": 22.884, "architecture_confidence": 50.544, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 49.35, "rotation_up": 37.82, "upward_expansion": 58.92, "deceleration": 61.36, "rotation_down": 23.8, "downward_expansion": 18.26 }, "activity_lines": [ 0.437633, 0.428591, 0.442214, 0.433262 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 0.44, "trend_reference": 0.421983, "distance_from_trend": 0.042695, "trend_direction": "Weakening", "fair_value": 0.569768, "distance_from_fair_value": -0.227756, "fair_value_direction": "Weakening", "relative_strength": -5.320239, "relative_strength_direction": "Weakening", "price_momentum": 0.112516, "excess_performance": 0.059204, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.042695, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.002953, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.227756, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.160036, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.053202, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.248358, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.112516, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.775263, "read": "Demand-led" } ], "volume": { "latest": 485963, "relative_activity": 0.129384, "balance": 7.775263, "dry_up": 0.212077, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.22299, "annualized_volatility": 0.883248, "from_high_reference": -0.576923, "from_low_reference": 0.517241 }, "levels": { "trend_reference": 0.421983, "fair_value_reference": 0.569768, "structural_low": 0.29, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": -0.086988, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.081564, "regime_survival": 0.3, "best_return": 0.123426, "worst_return": -0.404424, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.091884, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.129791, "regime_survival": 0.0, "best_return": 0.45189, "worst_return": -0.328208, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.141, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.215011, "regime_survival": 0.2, "best_return": 0.260946, "worst_return": -0.605786, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.254265, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.340482, "regime_survival": 0.5, "best_return": 0.102603, "worst_return": -0.732558, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": -0.0189, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-19", "end": "2024-07-26", "tenure": "New", "return": 0.102804, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-08-23", "tenure": "New", "return": 1.203008, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-10-04", "tenure": "Developing", "return": -0.358247, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.101493, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.001736, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-06-13", "tenure": "Extended", "return": -0.170579, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": -0.056, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-10-17", "tenure": "Established", "return": -0.008547, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-11-14", "tenure": "New", "return": -0.077331, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-05-01", "tenure": "Established", "return": -0.251168, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": 0.078067, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.322881, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.108312, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.931, "volume": 5609996, "typical_volume": 1529164.2, "trend": 0.617863, "fair_value": 3.44692, "relative_strength": 19.036421, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.553096, "energy": 84.479482, "activity_lines": [ 0.8236, 0.699236, 0.607239, 0.600225 ] }, { "date": "2023-08-25", "close": 0.866, "volume": 2042474, "typical_volume": 1607500.75, "trend": 0.618297, "fair_value": 3.430676, "relative_strength": 10.853695, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.296071, "energy": 78.356527, "activity_lines": [ 0.858933, 0.745429, 0.635095, 0.616234 ] }, { "date": "2023-09-01", "close": 0.86, "volume": 1853646, "typical_volume": 1682686.45, "trend": 0.62107, "fair_value": 3.414587, "relative_strength": 10.185393, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.393552, "energy": 83.531494, "activity_lines": [ 0.870533, 0.783171, 0.661233, 0.631827 ] }, { "date": "2023-09-08", "close": 0.931, "volume": 1862085, "typical_volume": 1742846.65, "trend": 0.62699, "fair_value": 3.397702, "relative_strength": 21.084994, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.53528, "energy": 72.125035, "activity_lines": [ 0.8962, 0.826196, 0.693054, 0.651823 ] }, { "date": "2023-09-15", "close": 0.8325, "volume": 2475527, "typical_volume": 1826080.3, "trend": 0.63074, "fair_value": 3.374833, "relative_strength": 7.223477, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.868188, "energy": 54.057694, "activity_lines": [ 0.8753, 0.842091, 0.713875, 0.665082 ] }, { "date": "2023-09-22", "close": 0.78, "volume": 1511441, "typical_volume": 1877435.9, "trend": 0.6322, "fair_value": 3.349192, "relative_strength": 3.903633, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.882369, "energy": 39.873646, "activity_lines": [ 0.8406, 0.842009, 0.72841, 0.674711 ] }, { "date": "2023-09-29", "close": 0.72, "volume": 1162741, "typical_volume": 1880497.35, "trend": 0.633073, "fair_value": 3.313679, "relative_strength": -2.769371, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.267345, "energy": 28.691652, "activity_lines": [ 0.795967, 0.8262, 0.735981, 0.680376 ] }, { "date": "2023-10-06", "close": 0.6345, "volume": 720017, "typical_volume": 1885316.2, "trend": 0.632223, "fair_value": 3.25608, "relative_strength": -12.093902, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.385747, "energy": 21.892998, "activity_lines": [ 0.732567, 0.791573, 0.734357, 0.680468 ] }, { "date": "2023-10-13", "close": 0.5905, "volume": 1130370, "typical_volume": 1906123.6, "trend": 0.63122, "fair_value": 3.193712, "relative_strength": -16.429048, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.400063, "energy": 20.923822, "activity_lines": [ 0.669533, 0.750427, 0.727801, 0.677776 ] }, { "date": "2023-10-20", "close": 0.522, "volume": 830105, "typical_volume": 1925502.5, "trend": 0.62822, "fair_value": 3.112571, "relative_strength": -23.085843, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.218148, "energy": 34.235946, "activity_lines": [ 0.606367, 0.699273, 0.71413, 0.670729 ] }, { "date": "2023-10-27", "close": 0.48, "volume": 1006994, "typical_volume": 1957124.8, "trend": 0.622887, "fair_value": 3.04334, "relative_strength": -28.194112, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.253795, "energy": 49.342404, "activity_lines": [ 0.5499, 0.647136, 0.696264, 0.661167 ] }, { "date": "2023-11-03", "close": 0.576, "volume": 1713151, "typical_volume": 2016609.1, "trend": 0.621253, "fair_value": 2.972673, "relative_strength": -16.181627, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.224902, "energy": 46.989857, "activity_lines": [ 0.545433, 0.620655, 0.687617, 0.658142 ] }, { "date": "2023-11-10", "close": 0.606, "volume": 2970857, "typical_volume": 2144371.45, "trend": 0.620337, "fair_value": 2.914186, "relative_strength": -11.228465, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.999547, "energy": 45.927589, "activity_lines": [ 0.560567, 0.6049, 0.68128, 0.657158 ] }, { "date": "2023-11-17", "close": 0.604, "volume": 633918, "typical_volume": 2161228.1, "trend": 0.62077, "fair_value": 2.861071, "relative_strength": -13.36518, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.388142, "energy": 28.939043, "activity_lines": [ 0.576933, 0.5934, 0.673966, 0.656104 ] }, { "date": "2023-11-24", "close": 0.616, "volume": 1698880, "typical_volume": 2102555.5, "trend": 0.622553, "fair_value": 2.808224, "relative_strength": -11.970102, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -4.107441, "energy": 10.290674, "activity_lines": [ 0.5964, 0.590027, 0.666936, 0.655796 ] }, { "date": "2023-12-01", "close": 0.7475, "volume": 5338860, "typical_volume": 2349248.4, "trend": 0.63022, "fair_value": 2.759298, "relative_strength": 6.465074, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 20.331437, "energy": 16.437411, "activity_lines": [ 0.653433, 0.6145, 0.671776, 0.663857 ] }, { "date": "2023-12-08", "close": 0.805, "volume": 2533776, "typical_volume": 2457431.7, "trend": 0.64042, "fair_value": 2.703881, "relative_strength": 12.734753, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.115144, "energy": 33.494039, "activity_lines": [ 0.7118, 0.650018, 0.680986, 0.675133 ] }, { "date": "2023-12-15", "close": 0.743, "volume": 1520039, "typical_volume": 2140419.5, "trend": 0.64922, "fair_value": 2.649798, "relative_strength": 3.505587, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.22069, "energy": 32.906322, "activity_lines": [ 0.734233, 0.672718, 0.683029, 0.681751 ] }, { "date": "2023-12-22", "close": 0.71, "volume": 1172650, "typical_volume": 2119566.6, "trend": 0.657347, "fair_value": 2.593196, "relative_strength": -0.256999, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.800737, "energy": 32.838232, "activity_lines": [ 0.736533, 0.687445, 0.6818, 0.685673 ] }, { "date": "2023-12-29", "close": 0.713, "volume": 585716, "typical_volume": 1918662.15, "trend": 0.66508, "fair_value": 2.534946, "relative_strength": 2.50446, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.831593, "energy": 29.222899, "activity_lines": [ 0.732767, 0.700545, 0.680929, 0.689263 ] }, { "date": "2024-01-05", "close": 0.6715, "volume": 505339, "typical_volume": 1663429.3, "trend": 0.67093, "fair_value": 2.479763, "relative_strength": -0.615648, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.651177, "energy": 17.823236, "activity_lines": [ 0.7087, 0.702627, 0.676938, 0.689677 ] }, { "date": "2024-01-12", "close": 0.653, "volume": 1004875, "typical_volume": 1611549.35, "trend": 0.677323, "fair_value": 2.407795, "relative_strength": -2.97028, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.302059, "energy": 4.932592, "activity_lines": [ 0.683533, 0.697864, 0.672421, 0.688521 ] }, { "date": "2024-01-19", "close": 0.606, "volume": 338332, "typical_volume": 1535783.65, "trend": 0.682837, "fair_value": 2.330654, "relative_strength": -7.937561, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.475502, "energy": 15.027397, "activity_lines": [ 0.652833, 0.683155, 0.664443, 0.683919 ] }, { "date": "2024-01-26", "close": 0.555, "volume": 1024426, "typical_volume": 1493900.7, "trend": 0.68721, "fair_value": 2.270237, "relative_strength": -17.743291, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.565209, "energy": 41.6704, "activity_lines": [ 0.614267, 0.659173, 0.652817, 0.675672 ] }, { "date": "2024-02-02", "close": 0.608, "volume": 763578, "typical_volume": 1408303.25, "trend": 0.691517, "fair_value": 2.214647, "relative_strength": -8.849602, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.309111, "energy": 50.700017, "activity_lines": [ 0.6037, 0.645718, 0.648029, 0.670561 ] }, { "date": "2024-02-09", "close": 0.576, "volume": 452016, "typical_volume": 1355332.0, "trend": 0.69355, "fair_value": 2.16116, "relative_strength": -13.697609, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.729209, "energy": 59.654178, "activity_lines": [ 0.589467, 0.626591, 0.641262, 0.663109 ] }, { "date": "2024-02-16", "close": 0.5615, "volume": 364925, "typical_volume": 1315441.2, "trend": 0.694267, "fair_value": 2.109439, "relative_strength": -16.705066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.021712, "energy": 59.996002, "activity_lines": [ 0.576767, 0.607945, 0.634086, 0.654589 ] }, { "date": "2024-02-23", "close": 0.564, "volume": 389161, "typical_volume": 1298898.4, "trend": 0.6892, "fair_value": 2.060875, "relative_strength": -17.842857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.994384, "energy": 52.929438, "activity_lines": [ 0.571, 0.594182, 0.627902, 0.646185 ] }, { "date": "2024-03-01", "close": 0.5245, "volume": 617961, "typical_volume": 1273277.95, "trend": 0.682517, "fair_value": 2.012891, "relative_strength": -22.795894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.89228, "energy": 67.745021, "activity_lines": [ 0.554867, 0.576491, 0.618293, 0.635559 ] }, { "date": "2024-03-08", "close": 0.506, "volume": 509512, "typical_volume": 1257248.3, "trend": 0.669783, "fair_value": 1.966199, "relative_strength": -25.917515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.775044, "energy": 75.438383, "activity_lines": [ 0.5346, 0.558809, 0.607236, 0.624171 ] }, { "date": "2024-03-15", "close": 0.545, "volume": 293139, "typical_volume": 1221555.55, "trend": 0.656917, "fair_value": 1.912577, "relative_strength": -21.132603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.929868, "energy": 70.557092, "activity_lines": [ 0.534133, 0.551982, 0.599969, 0.61612 ] }, { "date": "2024-03-22", "close": 0.521, "volume": 365017, "typical_volume": 1154148.85, "trend": 0.645417, "fair_value": 1.862455, "relative_strength": -24.08833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.772105, "energy": 74.1896, "activity_lines": [ 0.527733, 0.543091, 0.590107, 0.607352 ] }, { "date": "2024-03-29", "close": 0.517, "volume": 339592, "typical_volume": 1022585.6, "trend": 0.633983, "fair_value": 1.813949, "relative_strength": -24.746451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.833502, "energy": 68.446351, "activity_lines": [ 0.5227, 0.535873, 0.580126, 0.599067 ] }, { "date": "2024-04-05", "close": 0.515, "volume": 222702, "typical_volume": 1002024.8, "trend": 0.620117, "fair_value": 1.785833, "relative_strength": -23.316186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.702739, "energy": 56.24882, "activity_lines": [ 0.520133, 0.529909, 0.570379, 0.59139 ] }, { "date": "2024-04-12", "close": 0.593, "volume": 1168987, "typical_volume": 975530.15, "trend": 0.612133, "fair_value": 1.759936, "relative_strength": -10.935384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.04016, "energy": 33.081268, "activity_lines": [ 0.5442, 0.538855, 0.568483, 0.589641 ] }, { "date": "2024-04-19", "close": 0.83, "volume": 4220172, "typical_volume": 919595.75, "trend": 0.6138, "fair_value": 1.732885, "relative_strength": 23.751443, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.241403, "energy": 35.899287, "activity_lines": [ 0.641467, 0.591164, 0.589269, 0.603697 ] }, { "date": "2024-04-26", "close": 0.819, "volume": 1561641, "typical_volume": 870989.0, "trend": 0.6171, "fair_value": 1.704699, "relative_strength": 20.392685, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.135659, "energy": 52.397229, "activity_lines": [ 0.716067, 0.636855, 0.608614, 0.616935 ] }, { "date": "2024-05-03", "close": 0.787, "volume": 1140523, "typical_volume": 852013.2, "trend": 0.622183, "fair_value": 1.678891, "relative_strength": 16.806495, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.201356, "energy": 76.63942, "activity_lines": [ 0.760133, 0.672045, 0.624845, 0.627897 ] }, { "date": "2024-05-10", "close": 0.788, "volume": 478251, "typical_volume": 817293.25, "trend": 0.628767, "fair_value": 1.653897, "relative_strength": 12.502689, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.065611, "energy": 86.468503, "activity_lines": [ 0.786533, 0.703364, 0.640962, 0.638595 ] }, { "date": "2024-05-17", "close": 0.721, "volume": 595336, "typical_volume": 817774.25, "trend": 0.6354, "fair_value": 1.631718, "relative_strength": 3.022036, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.696748, "energy": 80.992262, "activity_lines": [ 0.7724, 0.717709, 0.650326, 0.644545 ] }, { "date": "2024-05-24", "close": 0.777, "volume": 915898, "typical_volume": 838302.2, "trend": 0.6453, "fair_value": 1.609071, "relative_strength": 11.212568, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.084662, "energy": 55.068717, "activity_lines": [ 0.7684, 0.738327, 0.664986, 0.653681 ] }, { "date": "2024-05-31", "close": 0.656, "volume": 1350621, "typical_volume": 855589.5, "trend": 0.647967, "fair_value": 1.587628, "relative_strength": -5.242923, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.210176, "energy": 32.852133, "activity_lines": [ 0.7276, 0.732727, 0.667619, 0.654371 ] }, { "date": "2024-06-07", "close": 0.81, "volume": 3543544, "typical_volume": 1015850.1, "trend": 0.654767, "fair_value": 1.567256, "relative_strength": 16.034945, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.037891, "energy": 34.658539, "activity_lines": [ 0.749, 0.752673, 0.684905, 0.664825 ] }, { "date": "2024-06-14", "close": 0.565, "volume": 3745235, "typical_volume": 1151890.55, "trend": 0.653467, "fair_value": 1.541519, "relative_strength": -13.928778, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.751622, "energy": 13.090097, "activity_lines": [ 0.6872, 0.722745, 0.677886, 0.659033 ] }, { "date": "2024-06-21", "close": 0.582, "volume": 1865800, "typical_volume": 1207001.65, "trend": 0.652333, "fair_value": 1.519353, "relative_strength": -13.077785, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.061289, "energy": 14.664676, "activity_lines": [ 0.645933, 0.695, 0.672438, 0.654423 ] }, { "date": "2024-06-28", "close": 0.539, "volume": 885426, "typical_volume": 1228672.15, "trend": 0.645383, "fair_value": 1.498397, "relative_strength": -18.159663, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.106977, "energy": 23.168259, "activity_lines": [ 0.5996, 0.659636, 0.663019, 0.647111 ] }, { "date": "2024-07-05", "close": 0.581, "volume": 554089, "typical_volume": 1238130.35, "trend": 0.637917, "fair_value": 1.475846, "relative_strength": -14.194547, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.08138, "energy": 26.602414, "activity_lines": [ 0.583133, 0.6372, 0.657776, 0.642957 ] }, { "date": "2024-07-12", "close": 0.571, "volume": 1039936, "typical_volume": 1270669.1, "trend": 0.632183, "fair_value": 1.453558, "relative_strength": -16.277675, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.280165, "energy": 29.35046, "activity_lines": [ 0.568333, 0.617273, 0.651488, 0.63864 ] }, { "date": "2024-07-19", "close": 0.535, "volume": 1103536, "typical_volume": 1294947.85, "trend": 0.62635, "fair_value": 1.431923, "relative_strength": -19.551266, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.202664, "energy": 41.668977, "activity_lines": [ 0.557467, 0.594727, 0.641738, 0.63237 ] }, { "date": "2024-07-26", "close": 0.59, "volume": 2428533, "typical_volume": 1390898.9, "trend": 0.62225, "fair_value": 1.411256, "relative_strength": -10.745957, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.299198, "energy": 24.449588, "activity_lines": [ 0.566933, 0.586782, 0.637176, 0.630025 ] }, { "date": "2024-08-02", "close": 0.532, "volume": 912637, "typical_volume": 1421873.8, "trend": 0.6176, "fair_value": 1.392462, "relative_strength": -16.096864, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.803594, "energy": 23.800257, "activity_lines": [ 0.556533, 0.570673, 0.62669, 0.624202 ] }, { "date": "2024-08-09", "close": 0.537, "volume": 538069, "typical_volume": 1430526.4, "trend": 0.613733, "fair_value": 1.373705, "relative_strength": -14.632425, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.099202, "energy": 23.719254, "activity_lines": [ 0.548267, 0.559927, 0.616743, 0.619002 ] }, { "date": "2024-08-16", "close": 1.13, "volume": 12882436, "typical_volume": 2057668.6, "trend": 0.6312, "fair_value": 1.349923, "relative_strength": 74.454833, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.957326, "energy": 39.940359, "activity_lines": [ 0.7406, 0.659164, 0.663195, 0.65231 ] }, { "date": "2024-08-23", "close": 1.172, "volume": 34044652, "typical_volume": 3748766.1, "trend": 0.651767, "fair_value": 1.328846, "relative_strength": 76.535732, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 77.342664, "energy": 72.222804, "activity_lines": [ 0.909667, 0.760218, 0.710729, 0.6872 ] }, { "date": "2024-08-30", "close": 1.164, "volume": 8199164, "typical_volume": 4100274.95, "trend": 0.6703, "fair_value": 1.308263, "relative_strength": 72.777072, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.325367, "energy": 81.222103, "activity_lines": [ 1.0336, 0.848782, 0.754371, 0.720247 ] }, { "date": "2024-09-06", "close": 0.984, "volume": 3963294, "typical_volume": 4087431.05, "trend": 0.6839, "fair_value": 1.287429, "relative_strength": 51.421135, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.758683, "energy": 77.423523, "activity_lines": [ 1.059267, 0.894036, 0.778152, 0.740486 ] }, { "date": "2024-09-13", "close": 0.797, "volume": 3376500, "typical_volume": 4178174.0, "trend": 0.69175, "fair_value": 1.269212, "relative_strength": 20.948844, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.595522, "energy": 69.109472, "activity_lines": [ 0.992467, 0.8972, 0.78339, 0.747783 ] }, { "date": "2024-09-20", "close": 0.845, "volume": 2486667, "typical_volume": 4245481.2, "trend": 0.701117, "fair_value": 1.251321, "relative_strength": 27.520602, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.253819, "energy": 37.603855, "activity_lines": [ 0.924333, 0.905164, 0.793305, 0.75767 ] }, { "date": "2024-09-27", "close": 0.748, "volume": 2123396, "typical_volume": 4327738.45, "trend": 0.708567, "fair_value": 1.236179, "relative_strength": 8.774944, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.754816, "energy": 19.564283, "activity_lines": [ 0.842867, 0.890509, 0.793705, 0.760695 ] }, { "date": "2024-10-04", "close": 0.747, "volume": 2716488, "typical_volume": 4433796.05, "trend": 0.7166, "fair_value": 1.221064, "relative_strength": 12.012704, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.942793, "energy": 21.55986, "activity_lines": [ 0.789333, 0.8718, 0.7942, 0.763174 ] }, { "date": "2024-10-11", "close": 0.67, "volume": 1192495, "typical_volume": 4447625.9, "trend": 0.720767, "fair_value": 1.206474, "relative_strength": -0.106841, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.009954, "energy": 17.989282, "activity_lines": [ 0.737933, 0.836236, 0.787238, 0.760168 ] }, { "date": "2024-10-18", "close": 0.657, "volume": 1017865, "typical_volume": 4430988.1, "trend": 0.7253, "fair_value": 1.188891, "relative_strength": -2.702877, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.407075, "energy": 17.999564, "activity_lines": [ 0.703133, 0.7958, 0.779548, 0.756054 ] }, { "date": "2024-10-25", "close": 0.678, "volume": 1900371, "typical_volume": 4348829.45, "trend": 0.730667, "fair_value": 1.173968, "relative_strength": 1.518316, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.039028, "energy": 19.890846, "activity_lines": [ 0.684667, 0.757, 0.773852, 0.753002 ] }, { "date": "2024-11-01", "close": 0.667, "volume": 2855523, "typical_volume": 4304343.85, "trend": 0.735733, "fair_value": 1.161013, "relative_strength": 0.882639, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.283367, "energy": 20.211752, "activity_lines": [ 0.673667, 0.724418, 0.767738, 0.748895 ] }, { "date": "2024-11-08", "close": 0.63, "volume": 1177233, "typical_volume": 4269915.5, "trend": 0.736967, "fair_value": 1.148506, "relative_strength": -3.795394, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.960258, "energy": 21.068204, "activity_lines": [ 0.655733, 0.694291, 0.757614, 0.742073 ] }, { "date": "2024-11-15", "close": 0.602, "volume": 1032721, "typical_volume": 4277280.25, "trend": 0.729367, "fair_value": 1.129929, "relative_strength": -7.184392, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.37762, "energy": 31.971879, "activity_lines": [ 0.636267, 0.668782, 0.744595, 0.733366 ] }, { "date": "2024-11-22", "close": 0.576, "volume": 943702, "typical_volume": 4296760.9, "trend": 0.721267, "fair_value": 1.101032, "relative_strength": -10.916661, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.086478, "energy": 46.584742, "activity_lines": [ 0.612667, 0.645491, 0.7288, 0.723471 ] }, { "date": "2024-11-29", "close": 0.577, "volume": 1144679, "typical_volume": 4301998.05, "trend": 0.714267, "fair_value": 1.078878, "relative_strength": -10.089663, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.810319, "energy": 63.056201, "activity_lines": [ 0.5948, 0.6264, 0.713124, 0.714163 ] }, { "date": "2024-12-06", "close": 0.639, "volume": 1734288, "typical_volume": 4333535.65, "trend": 0.7093, "fair_value": 1.059269, "relative_strength": -2.557753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -33.087099, "energy": 48.801062, "activity_lines": [ 0.604333, 0.623455, 0.703324, 0.709308 ] }, { "date": "2024-12-13", "close": 0.686, "volume": 4523218, "typical_volume": 4438269.9, "trend": 0.708133, "fair_value": 1.035801, "relative_strength": 4.973089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.145647, "energy": 35.931703, "activity_lines": [ 0.6314, 0.631036, 0.697505, 0.707804 ] }, { "date": "2024-12-20", "close": 0.614, "volume": 1676118, "typical_volume": 4476443.95, "trend": 0.7027, "fair_value": 1.012032, "relative_strength": -4.103128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.476423, "energy": 28.384874, "activity_lines": [ 0.630733, 0.626636, 0.684371, 0.701731 ] }, { "date": "2024-12-27", "close": 0.604, "volume": 1045695, "typical_volume": 4501825.25, "trend": 0.700967, "fair_value": 0.987827, "relative_strength": -6.448837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.980096, "energy": 26.950353, "activity_lines": [ 0.625933, 0.621436, 0.669895, 0.695363 ] }, { "date": "2025-01-03", "close": 0.67, "volume": 1376225, "typical_volume": 3926514.7, "trend": 0.6963, "fair_value": 0.967641, "relative_strength": 4.781276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.577115, "energy": 21.870943, "activity_lines": [ 0.641267, 0.6292, 0.661386, 0.693366 ] }, { "date": "2025-01-10", "close": 0.72, "volume": 6844764, "typical_volume": 2566520.3, "trend": 0.701467, "fair_value": 0.949654, "relative_strength": 10.118615, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.65056, "energy": 13.900732, "activity_lines": [ 0.667067, 0.6462, 0.659829, 0.694895 ] }, { "date": "2025-01-17", "close": 0.665, "volume": 1995438, "typical_volume": 2256334.0, "trend": 0.704233, "fair_value": 0.933564, "relative_strength": -2.0566, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.960945, "energy": 16.749429, "activity_lines": [ 0.669133, 0.652236, 0.655186, 0.692542 ] }, { "date": "2025-01-24", "close": 0.607, "volume": 2241123, "typical_volume": 2170225.45, "trend": 0.7065, "fair_value": 0.924321, "relative_strength": -13.129361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.886816, "energy": 20.85633, "activity_lines": [ 0.653267, 0.647091, 0.647395, 0.686269 ] }, { "date": "2025-01-31", "close": 0.636, "volume": 2186754, "typical_volume": 2110738.15, "trend": 0.708333, "fair_value": 0.916029, "relative_strength": -9.235557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.624431, "energy": 13.761133, "activity_lines": [ 0.647533, 0.647127, 0.644162, 0.68172 ] }, { "date": "2025-02-07", "close": 0.604, "volume": 1054440, "typical_volume": 2039126.8, "trend": 0.709433, "fair_value": 0.906439, "relative_strength": -14.057654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.550557, "energy": 29.387649, "activity_lines": [ 0.629, 0.640255, 0.638648, 0.674989 ] }, { "date": "2025-02-14", "close": 0.593, "volume": 1095716, "typical_volume": 1987742.8, "trend": 0.711367, "fair_value": 0.895112, "relative_strength": -17.747092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.164234, "energy": 47.457703, "activity_lines": [ 0.6112, 0.630891, 0.633233, 0.667477 ] }, { "date": "2025-02-21", "close": 0.586, "volume": 972913, "typical_volume": 1900564.05, "trend": 0.711233, "fair_value": 0.885433, "relative_strength": -18.497485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.436424, "energy": 51.038459, "activity_lines": [ 0.599533, 0.621091, 0.62789, 0.659389 ] }, { "date": "2025-02-28", "close": 0.597, "volume": 2116851, "typical_volume": 1946781.85, "trend": 0.7134, "fair_value": 0.878237, "relative_strength": -16.664812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.041236, "energy": 46.722446, "activity_lines": [ 0.5968, 0.615109, 0.624362, 0.652019 ] }, { "date": "2025-03-07", "close": 0.589, "volume": 1179564, "typical_volume": 1954866.8, "trend": 0.715133, "fair_value": 0.868423, "relative_strength": -18.043917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.106305, "energy": 42.15917, "activity_lines": [ 0.592067, 0.607982, 0.620419, 0.643994 ] }, { "date": "2025-03-14", "close": 0.591, "volume": 765030, "typical_volume": 1898099.75, "trend": 0.697167, "fair_value": 0.856506, "relative_strength": -16.941772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.264257, "energy": 35.939492, "activity_lines": [ 0.591133, 0.601491, 0.61699, 0.635985 ] }, { "date": "2025-03-21", "close": 0.547, "volume": 1451843, "typical_volume": 1827915.75, "trend": 0.676333, "fair_value": 0.842462, "relative_strength": -23.333862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.248567, "energy": 41.840467, "activity_lines": [ 0.5764, 0.588436, 0.609786, 0.626297 ] }, { "date": "2025-03-28", "close": 0.507, "volume": 1712854, "typical_volume": 1854696.8, "trend": 0.654433, "fair_value": 0.828795, "relative_strength": -27.817609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.137738, "energy": 58.64314, "activity_lines": [ 0.5514, 0.571255, 0.599343, 0.615372 ] }, { "date": "2025-04-04", "close": 0.459, "volume": 858900, "typical_volume": 1846005.75, "trend": 0.636933, "fair_value": 0.814686, "relative_strength": -28.880169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.369254, "energy": 76.281186, "activity_lines": [ 0.515667, 0.548218, 0.584914, 0.602763 ] }, { "date": "2025-04-11", "close": 0.485, "volume": 1889631, "typical_volume": 1893302.2, "trend": 0.626533, "fair_value": 0.800481, "relative_strength": -22.955676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.855456, "energy": 79.458417, "activity_lines": [ 0.4978, 0.5326, 0.573643, 0.592961 ] }, { "date": "2025-04-18", "close": 0.489, "volume": 379940, "typical_volume": 1855065.25, "trend": 0.614667, "fair_value": 0.789115, "relative_strength": -23.648391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.666103, "energy": 77.880823, "activity_lines": [ 0.4882, 0.520455, 0.563186, 0.584088 ] }, { "date": "2025-04-25", "close": 0.465, "volume": 309747, "typical_volume": 1783838.2, "trend": 0.605233, "fair_value": 0.779955, "relative_strength": -29.195335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.780897, "energy": 81.994212, "activity_lines": [ 0.4774, 0.506036, 0.550862, 0.574432 ] }, { "date": "2025-05-02", "close": 0.4508, "volume": 804311, "typical_volume": 1597892.85, "trend": 0.59536, "fair_value": 0.771252, "relative_strength": -32.820458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.206554, "energy": 79.185983, "activity_lines": [ 0.467333, 0.491364, 0.538014, 0.564469 ] }, { "date": "2025-05-09", "close": 0.4575, "volume": 423551, "typical_volume": 1535264.5, "trend": 0.588277, "fair_value": 0.762483, "relative_strength": -31.021486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.819489, "energy": 68.228518, "activity_lines": [ 0.463247, 0.480367, 0.526925, 0.555575 ] }, { "date": "2025-05-16", "close": 0.45, "volume": 558613, "typical_volume": 1510910.4, "trend": 0.581377, "fair_value": 0.753271, "relative_strength": -32.911715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.752233, "energy": 60.625546, "activity_lines": [ 0.45676, 0.470544, 0.515866, 0.546654 ] }, { "date": "2025-05-23", "close": 0.534, "volume": 1283391, "typical_volume": 1506268.7, "trend": 0.576577, "fair_value": 0.745505, "relative_strength": -18.32343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.379606, "energy": 39.359127, "activity_lines": [ 0.480607, 0.47852, 0.513541, 0.543597 ] }, { "date": "2025-05-30", "close": 0.573, "volume": 10148373, "typical_volume": 1671449.15, "trend": 0.573443, "fair_value": 0.73839, "relative_strength": -12.393483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.407571, "energy": 16.742373, "activity_lines": [ 0.514453, 0.494624, 0.515578, 0.543366 ] }, { "date": "2025-06-06", "close": 0.551, "volume": 1023800, "typical_volume": 1622867.25, "trend": 0.57081, "fair_value": 0.730919, "relative_strength": -15.74069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.556521, "energy": 21.214792, "activity_lines": [ 0.533767, 0.506255, 0.516219, 0.541918 ] }, { "date": "2025-06-13", "close": 0.53, "volume": 1064130, "typical_volume": 1564017.6, "trend": 0.56841, "fair_value": 0.724268, "relative_strength": -17.564609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.522151, "energy": 22.875619, "activity_lines": [ 0.5394, 0.513267, 0.515403, 0.539285 ] }, { "date": "2025-06-20", "close": 0.5, "volume": 752356, "typical_volume": 1492297.7, "trend": 0.565877, "fair_value": 0.716556, "relative_strength": -21.068193, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.916334, "energy": 17.987804, "activity_lines": [ 0.5302, 0.513535, 0.512097, 0.534872 ] }, { "date": "2025-06-27", "close": 0.4925, "volume": 474533, "typical_volume": 1463302.35, "trend": 0.56306, "fair_value": 0.707813, "relative_strength": -23.139828, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.070841, "energy": 12.408402, "activity_lines": [ 0.515167, 0.512165, 0.508724, 0.530138 ] }, { "date": "2025-07-04", "close": 0.48, "volume": 568993, "typical_volume": 1436966.2, "trend": 0.55776, "fair_value": 0.702313, "relative_strength": -24.90553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.820893, "energy": 26.470555, "activity_lines": [ 0.498733, 0.50846, 0.504692, 0.524779 ] }, { "date": "2025-07-11", "close": 0.472, "volume": 442623, "typical_volume": 1410451.7, "trend": 0.550627, "fair_value": 0.696428, "relative_strength": -27.181783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.257952, "energy": 44.666376, "activity_lines": [ 0.485833, 0.503027, 0.500436, 0.519246 ] }, { "date": "2025-07-18", "close": 0.468, "volume": 402009, "typical_volume": 1324709.6, "trend": 0.54576, "fair_value": 0.691217, "relative_strength": -27.54963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.094165, "energy": 49.962449, "activity_lines": [ 0.476867, 0.496482, 0.496341, 0.513915 ] }, { "date": "2025-07-25", "close": 0.476, "volume": 413411, "typical_volume": 1286401.95, "trend": 0.541493, "fair_value": 0.685854, "relative_strength": -26.118199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.539714, "energy": 48.662461, "activity_lines": [ 0.4747, 0.4912, 0.493623, 0.509415 ] }, { "date": "2025-08-01", "close": 0.4555, "volume": 532449, "typical_volume": 1274772.9, "trend": 0.534343, "fair_value": 0.6798, "relative_strength": -26.374062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.097032, "energy": 50.295002, "activity_lines": [ 0.4673, 0.481718, 0.489491, 0.503867 ] }, { "date": "2025-08-08", "close": 0.443, "volume": 889894, "typical_volume": 1246675.45, "trend": 0.52511, "fair_value": 0.674018, "relative_strength": -29.94116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.795112, "energy": 47.547276, "activity_lines": [ 0.4582, 0.471391, 0.484813, 0.497974 ] }, { "date": "2025-08-15", "close": 0.473, "volume": 2308653, "typical_volume": 1276465.4, "trend": 0.51871, "fair_value": 0.668854, "relative_strength": -25.28182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.087385, "energy": 33.585076, "activity_lines": [ 0.461567, 0.468882, 0.483488, 0.494612 ] }, { "date": "2025-08-22", "close": 0.473, "volume": 665223, "typical_volume": 1266781.55, "trend": 0.514243, "fair_value": 0.664739, "relative_strength": -23.970808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.031054, "energy": 31.414833, "activity_lines": [ 0.464867, 0.467791, 0.482325, 0.491663 ] }, { "date": "2025-08-29", "close": 0.475, "volume": 550993, "typical_volume": 1199849.65, "trend": 0.508877, "fair_value": 0.66088, "relative_strength": -19.206335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.338708, "energy": 26.000061, "activity_lines": [ 0.4685, 0.4681, 0.481285, 0.489131 ] }, { "date": "2025-09-05", "close": 0.452, "volume": 663557, "typical_volume": 1214030.5, "trend": 0.50381, "fair_value": 0.657047, "relative_strength": -21.341284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.616929, "energy": 29.231168, "activity_lines": [ 0.464533, 0.464682, 0.478103, 0.485462 ] }, { "date": "2025-09-12", "close": 0.4625, "volume": 946866, "typical_volume": 1245886.45, "trend": 0.49946, "fair_value": 0.65366, "relative_strength": -20.083354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.949602, "energy": 23.259602, "activity_lines": [ 0.4643, 0.463909, 0.476097, 0.482796 ] }, { "date": "2025-09-19", "close": 0.459, "volume": 356091, "typical_volume": 1223475.45, "trend": 0.495227, "fair_value": 0.651154, "relative_strength": -19.844374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.438657, "energy": 28.482089, "activity_lines": [ 0.4616, 0.462818, 0.473769, 0.480186 ] }, { "date": "2025-09-26", "close": 0.453, "volume": 809850, "typical_volume": 1242790.4, "trend": 0.490427, "fair_value": 0.648987, "relative_strength": -20.255385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.335816, "energy": 32.345054, "activity_lines": [ 0.457833, 0.460873, 0.470831, 0.477462 ] }, { "date": "2025-10-03", "close": 0.4755, "volume": 1360962, "typical_volume": 1282907.85, "trend": 0.486643, "fair_value": 0.645625, "relative_strength": -17.595564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.003302, "energy": 24.034665, "activity_lines": [ 0.4629, 0.463291, 0.470057, 0.476499 ] }, { "date": "2025-10-10", "close": 0.481, "volume": 979275, "typical_volume": 1267702.05, "trend": 0.482977, "fair_value": 0.642843, "relative_strength": -14.281973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.562021, "energy": 13.899494, "activity_lines": [ 0.469767, 0.466718, 0.469686, 0.476135 ] }, { "date": "2025-10-17", "close": 0.464, "volume": 637842, "typical_volume": 792175.5, "trend": 0.48021, "fair_value": 0.640196, "relative_strength": -19.256049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.407781, "energy": 14.025309, "activity_lines": [ 0.469033, 0.466591, 0.467948, 0.47491 ] }, { "date": "2025-10-24", "close": 0.472, "volume": 1220052, "typical_volume": 801988.1, "trend": 0.479043, "fair_value": 0.637878, "relative_strength": -17.632839, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.231983, "energy": 11.258732, "activity_lines": [ 0.470867, 0.467536, 0.46749, 0.474381 ] }, { "date": "2025-10-31", "close": 0.45, "volume": 1222491, "typical_volume": 809906.15, "trend": 0.478743, "fair_value": 0.635558, "relative_strength": -19.693624, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.897301, "energy": 17.245247, "activity_lines": [ 0.4645, 0.4645, 0.465314, 0.472507 ] }, { "date": "2025-11-07", "close": 0.448, "volume": 428509, "typical_volume": 793713.8, "trend": 0.47751, "fair_value": 0.633449, "relative_strength": -17.655094, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.50438, "energy": 29.241133, "activity_lines": [ 0.457667, 0.461518, 0.463329, 0.470523 ] }, { "date": "2025-11-14", "close": 0.4355, "volume": 500206, "typical_volume": 794997.45, "trend": 0.475727, "fair_value": 0.631529, "relative_strength": -21.455989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.574411, "energy": 48.44985, "activity_lines": [ 0.4485, 0.456755, 0.4604, 0.467813 ] }, { "date": "2025-11-21", "close": 0.428, "volume": 305071, "typical_volume": 781801.35, "trend": 0.474493, "fair_value": 0.62969, "relative_strength": -20.414797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.531281, "energy": 60.52598, "activity_lines": [ 0.439867, 0.450927, 0.457029, 0.464734 ] }, { "date": "2025-11-28", "close": 0.4335, "volume": 343587, "typical_volume": 776849.55, "trend": 0.473917, "fair_value": 0.627222, "relative_strength": -20.180935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.301937, "energy": 59.644778, "activity_lines": [ 0.435467, 0.446727, 0.454429, 0.462089 ] }, { "date": "2025-12-05", "close": 0.4545, "volume": 745842, "typical_volume": 794041.2, "trend": 0.473817, "fair_value": 0.623995, "relative_strength": -15.502266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.012087, "energy": 47.321006, "activity_lines": [ 0.440633, 0.446809, 0.454012, 0.460837 ] }, { "date": "2025-12-12", "close": 0.431, "volume": 337654, "typical_volume": 790253.35, "trend": 0.473183, "fair_value": 0.62189, "relative_strength": -18.486988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.378848, "energy": 43.859953, "activity_lines": [ 0.437667, 0.442591, 0.451421, 0.458074 ] }, { "date": "2025-12-19", "close": 0.4295, "volume": 758541, "typical_volume": 801557.95, "trend": 0.4697, "fair_value": 0.619771, "relative_strength": -18.840048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.465803, "energy": 35.142382, "activity_lines": [ 0.435333, 0.438909, 0.448902, 0.455256 ] }, { "date": "2025-12-26", "close": 0.4175, "volume": 417757, "typical_volume": 777951.1, "trend": 0.464517, "fair_value": 0.614566, "relative_strength": -19.916452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.128863, "energy": 39.747662, "activity_lines": [ 0.4294, 0.433982, 0.445364, 0.451888 ] }, { "date": "2026-01-02", "close": 0.42, "volume": 881443, "typical_volume": 706590.6, "trend": 0.46015, "fair_value": 0.610621, "relative_strength": -19.355201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.193497, "energy": 53.083106, "activity_lines": [ 0.425, 0.430355, 0.442186, 0.449016 ] }, { "date": "2026-01-09", "close": 0.402, "volume": 555927, "typical_volume": 701125.8, "trend": 0.455883, "fair_value": 0.607153, "relative_strength": -23.217573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.927243, "energy": 63.157183, "activity_lines": [ 0.4155, 0.4244, 0.437545, 0.445265 ] }, { "date": "2026-01-16", "close": 0.3935, "volume": 462208, "typical_volume": 696686.55, "trend": 0.452333, "fair_value": 0.603992, "relative_strength": -22.989142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.482123, "energy": 73.007848, "activity_lines": [ 0.406667, 0.417773, 0.432433, 0.44124 ] }, { "date": "2026-01-23", "close": 0.406, "volume": 443108, "typical_volume": 685664.1, "trend": 0.44945, "fair_value": 0.601126, "relative_strength": -18.737323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.247043, "energy": 69.070381, "activity_lines": [ 0.4045, 0.414409, 0.4289, 0.438251 ] }, { "date": "2026-01-30", "close": 0.41, "volume": 2465422, "typical_volume": 761591.9, "trend": 0.447117, "fair_value": 0.598775, "relative_strength": -17.001243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.678274, "energy": 60.806279, "activity_lines": [ 0.405233, 0.412309, 0.425967, 0.435705 ] }, { "date": "2026-02-06", "close": 0.3955, "volume": 461594, "typical_volume": 766867.05, "trend": 0.444567, "fair_value": 0.596481, "relative_strength": -20.660381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.381141, "energy": 52.987867, "activity_lines": [ 0.401633, 0.4079, 0.421902, 0.432375 ] }, { "date": "2026-02-13", "close": 0.408, "volume": 566371, "typical_volume": 754693.1, "trend": 0.442567, "fair_value": 0.594481, "relative_strength": -17.912392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.434601, "energy": 38.618273, "activity_lines": [ 0.403833, 0.406455, 0.419331, 0.430016 ] }, { "date": "2026-02-20", "close": 0.39, "volume": 720113, "typical_volume": 722650.65, "trend": 0.4397, "fair_value": 0.592262, "relative_strength": -22.76399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.245617, "energy": 42.47525, "activity_lines": [ 0.399633, 0.402582, 0.41526, 0.426625 ] }, { "date": "2026-02-27", "close": 0.4025, "volume": 685047, "typical_volume": 707939.25, "trend": 0.437933, "fair_value": 0.590394, "relative_strength": -20.203991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.980313, "energy": 36.421925, "activity_lines": [ 0.399833, 0.401727, 0.412786, 0.424225 ] }, { "date": "2026-03-06", "close": 0.3845, "volume": 1007032, "typical_volume": 726398.75, "trend": 0.435983, "fair_value": 0.588628, "relative_strength": -17.51309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.836677, "energy": 40.677028, "activity_lines": [ 0.394267, 0.398091, 0.408971, 0.420777 ] }, { "date": "2026-03-13", "close": 0.384, "volume": 1141457, "typical_volume": 722469.0, "trend": 0.433017, "fair_value": 0.587112, "relative_strength": -16.072841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.898366, "energy": 43.608781, "activity_lines": [ 0.390233, 0.394964, 0.405488, 0.417424 ] }, { "date": "2026-03-20", "close": 0.385, "volume": 670580, "typical_volume": 694873.45, "trend": 0.430083, "fair_value": 0.585656, "relative_strength": -12.638247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.539501, "energy": 43.324435, "activity_lines": [ 0.3873, 0.392673, 0.402519, 0.414326 ] }, { "date": "2026-03-27", "close": 0.39, "volume": 816789, "typical_volume": 714287.45, "trend": 0.42725, "fair_value": 0.584054, "relative_strength": -11.524227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.730892, "energy": 38.534911, "activity_lines": [ 0.387567, 0.3916, 0.400336, 0.41174 ] }, { "date": "2026-04-03", "close": 0.3725, "volume": 397592, "typical_volume": 709156.75, "trend": 0.4246, "fair_value": 0.582435, "relative_strength": -17.807905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.762295, "energy": 43.646621, "activity_lines": [ 0.382, 0.387409, 0.396762, 0.408208 ] }, { "date": "2026-04-10", "close": 0.3745, "volume": 284266, "typical_volume": 708116.5, "trend": 0.421667, "fair_value": 0.580775, "relative_strength": -19.718285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.516673, "energy": 42.702621, "activity_lines": [ 0.3791, 0.384191, 0.393679, 0.404975 ] }, { "date": "2026-04-17", "close": 0.374, "volume": 352428, "typical_volume": 708558.55, "trend": 0.418833, "fair_value": 0.579384, "relative_strength": -20.78773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.737788, "energy": 41.978688, "activity_lines": [ 0.3767, 0.381527, 0.390802, 0.4019 ] }, { "date": "2026-04-24", "close": 0.361, "volume": 353728, "typical_volume": 688952.85, "trend": 0.415767, "fair_value": 0.578092, "relative_strength": -20.560056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.579839, "energy": 56.226298, "activity_lines": [ 0.370633, 0.376891, 0.386971, 0.398169 ] }, { "date": "2026-05-01", "close": 0.3205, "volume": 1072667, "typical_volume": 725703.5, "trend": 0.4106, "fair_value": 0.576829, "relative_strength": -28.642545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.609059, "energy": 76.727218, "activity_lines": [ 0.352667, 0.365745, 0.379729, 0.392023 ] }, { "date": "2026-05-08", "close": 0.538, "volume": 12420900, "typical_volume": 1308821.45, "trend": 0.4125, "fair_value": 0.577079, "relative_strength": 19.515563, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 9.910563, "energy": 11.662222, "activity_lines": [ 0.411833, 0.395409, 0.393726, 0.400242 ] }, { "date": "2026-05-15", "close": 0.538, "volume": 34136293, "typical_volume": 2994748.25, "trend": 0.414967, "fair_value": 0.577458, "relative_strength": 21.474467, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.191067, "energy": 25.134, "activity_lines": [ 0.459967, 0.422609, 0.407207, 0.408339 ] }, { "date": "2026-05-22", "close": 0.58, "volume": 15618296, "typical_volume": 3731590.9, "trend": 0.418567, "fair_value": 0.578187, "relative_strength": 28.216858, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.108224, "energy": 47.529776, "activity_lines": [ 0.5112, 0.454655, 0.424114, 0.418986 ] }, { "date": "2026-05-29", "close": 0.59, "volume": 4979451, "typical_volume": 3952767.1, "trend": 0.423233, "fair_value": 0.578886, "relative_strength": 29.431498, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.967217, "energy": 53.480171, "activity_lines": [ 0.552033, 0.484955, 0.441212, 0.430046 ] }, { "date": "2026-06-05", "close": 0.46, "volume": 402282, "typical_volume": 3949770.8, "trend": 0.423633, "fair_value": 0.578655, "relative_strength": 0.994035, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.958148, "energy": 59.991551, "activity_lines": [ 0.534267, 0.487891, 0.445033, 0.432418 ] }, { "date": "2026-06-12", "close": 0.422, "volume": 264754, "typical_volume": 3940853.1, "trend": 0.423183, "fair_value": 0.578404, "relative_strength": -8.233455, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.265551, "energy": 31.123612, "activity_lines": [ 0.494533, 0.482645, 0.444919, 0.432313 ] }, { "date": "2026-06-19", "close": 0.3995, "volume": 73750, "typical_volume": 3821269.5, "trend": 0.422233, "fair_value": 0.57814, "relative_strength": -13.292801, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.861902, "energy": 12.571422, "activity_lines": [ 0.455033, 0.472409, 0.442586, 0.430785 ] }, { "date": "2026-06-26", "close": 0.397, "volume": 169078, "typical_volume": 3806643.7, "trend": 0.421017, "fair_value": 0.577969, "relative_strength": -12.95222, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.999312, "energy": 18.007071, "activity_lines": [ 0.423933, 0.461264, 0.440064, 0.429157 ] }, { "date": "2026-07-03", "close": 0.4085, "volume": 80162, "typical_volume": 3782333.25, "trend": 0.419483, "fair_value": 0.577518, "relative_strength": -11.277399, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.533598, "energy": 13.752314, "activity_lines": [ 0.408867, 0.451791, 0.438631, 0.428349 ] }, { "date": "2026-07-10", "close": 0.4045, "volume": 510630, "typical_volume": 3771859.1, "trend": 0.4186, "fair_value": 0.57681, "relative_strength": -9.987852, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.358462, "energy": 12.698697, "activity_lines": [ 0.404567, 0.440727, 0.436814, 0.427383 ] }, { "date": "2026-07-17", "close": 0.458, "volume": 1239391, "typical_volume": 3799576.3, "trend": 0.41955, "fair_value": 0.576284, "relative_strength": 2.097905, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.350611, "energy": 10.29615, "activity_lines": [ 0.4218, 0.437864, 0.440024, 0.429925 ] }, { "date": "2026-07-24", "close": 0.446, "volume": 1084431, "typical_volume": 3803446.25, "trend": 0.4205, "fair_value": 0.574553, "relative_strength": -0.708936, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.260243, "energy": 6.900648, "activity_lines": [ 0.432633, 0.434273, 0.441826, 0.431631 ] }, { "date": "2026-07-31", "close": 0.4265, "volume": 376426, "typical_volume": 3765194.7, "trend": 0.420717, "fair_value": 0.57264, "relative_strength": -6.238565, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.340298, "energy": 9.595332, "activity_lines": [ 0.433867, 0.428809, 0.441479, 0.432018 ] }, { "date": "2026-08-07", "close": 0.44, "volume": 485963, "typical_volume": 3755963.85, "trend": 0.421983, "fair_value": 0.569768, "relative_strength": -5.320239, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.014449, "energy": 12.923107, "activity_lines": [ 0.437633, 0.428591, 0.442214, 0.433262 ] } ], "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." } } }