{ "ticker": { "uuid": "c71c1ea0-6565-44b0-bef8-0dbb38a17355", "symbol": "0926", "name": "Besunyen Holdings Company Limited", "exchange": "HKG", "country": "HK", "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": "2026-09-04", "benchmark": "^HSI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 80.564, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.429, "architecture_energy": 34.553, "architecture_maturity": 81.518, "architecture_confidence": 82.822, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 17.51, "rotation_up": 30.19, "upward_expansion": 18.73, "deceleration": 44.16, "rotation_down": 37.72, "downward_expansion": 66.39 }, "activity_lines": [ 2.410667, 2.406909, 2.419619, 2.432667 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 2.38, "trend_reference": 2.457333, "distance_from_trend": -0.03147, "trend_direction": "Weakening", "fair_value": 2.297655, "distance_from_fair_value": 0.035839, "fair_value_direction": "Weakening", "relative_strength": -4.134284, "relative_strength_direction": "Weakening", "price_momentum": -0.044177, "excess_performance": -0.040045, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.03147, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.011133, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.035839, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.043634, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.041343, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.048288, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.044177, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.576674, "read": "Demand-led" } ], "volume": { "latest": 2650, "relative_activity": 0.484129, "balance": 1.576674, "dry_up": 2.221968, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.010019, "annualized_volatility": 0.106838, "from_high_reference": -0.167832, "from_low_reference": 0.025862 }, "levels": { "trend_reference": 2.457333, "fair_value_reference": 2.297655, "structural_low": 2.37, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.030612, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.04297, "regime_survival": 0.809524, "best_return": 0.654999, "worst_return": -0.312884, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.003238, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.078197, "regime_survival": 0.625, "best_return": 0.156351, "worst_return": -0.523292, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.049833, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.009433, "regime_survival": 0.25, "best_return": 0.236, "worst_return": -0.658889, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.205594, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.136509, "regime_survival": 0.333333, "best_return": 0.237856, "worst_return": -0.658358, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-08-09", "tenure": "Established", "return": 0.061856, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": -0.064067, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-10-25", "tenure": "Developing", "return": -0.058733, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2025-01-10", "tenure": "Developing", "return": -0.055084, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-04-25", "tenure": "Established", "return": -0.027523, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-06-20", "tenure": "Developing", "return": 0.113537, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-10-03", "tenure": "Established", "return": 0.176787, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-12-05", "tenure": "Developing", "return": -0.098859, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": 0.117647, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": -0.05618, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-04-24", "tenure": "Developing", "return": -0.028112, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": 0.016461, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": -0.024, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-09-04", "tenure": "Developing", "return": -0.028571, "active": true } ], "chart_path": [ { "date": "2023-09-15", "close": 3.147569, "volume": 1793200, "typical_volume": 387227.5, "trend": 2.01665, "fair_value": 3.316153, "relative_strength": 82.966673, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.581669, "energy": 98.199385, "activity_lines": [ 2.52571, 2.289387, 2.111824, 2.073061 ] }, { "date": "2023-09-22", "close": 3.107042, "volume": 1020375, "typical_volume": 415708.75, "trend": 2.064832, "fair_value": 3.305159, "relative_strength": 78.224702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.540615, "energy": 96.251875, "activity_lines": [ 2.779677, 2.465862, 2.213494, 2.143409 ] }, { "date": "2023-09-29", "close": 2.674758, "volume": 175350, "typical_volume": 365683.75, "trend": 2.09185, "fair_value": 3.29087, "relative_strength": 53.135029, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.790288, "energy": 87.51764, "activity_lines": [ 2.813449, 2.541143, 2.269556, 2.182759 ] }, { "date": "2023-10-06", "close": 2.688267, "volume": 153000, "typical_volume": 328363.75, "trend": 2.121119, "fair_value": 3.277716, "relative_strength": 54.260767, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.126912, "energy": 83.386734, "activity_lines": [ 2.812999, 2.603529, 2.323559, 2.221237 ] }, { "date": "2023-10-13", "close": 2.681512, "volume": 86500, "typical_volume": 309335.0, "trend": 2.147011, "fair_value": 3.265566, "relative_strength": 48.941678, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.265468, "energy": 55.668114, "activity_lines": [ 2.76977, 2.65081, 2.37425, 2.257392 ] }, { "date": "2023-10-20", "close": 2.64774, "volume": 133000, "typical_volume": 275397.5, "trend": 2.16885, "fair_value": 3.252676, "relative_strength": 50.411099, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.051838, "energy": 41.589694, "activity_lines": [ 2.699074, 2.679425, 2.418443, 2.289697 ] }, { "date": "2023-10-27", "close": 2.539669, "volume": 14750, "typical_volume": 261941.25, "trend": 2.188213, "fair_value": 3.241188, "relative_strength": 40.639939, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.430143, "energy": 30.964761, "activity_lines": [ 2.625676, 2.677091, 2.448902, 2.313621 ] }, { "date": "2023-11-03", "close": 2.505897, "volume": 5000, "typical_volume": 258601.25, "trend": 2.201947, "fair_value": 3.226865, "relative_strength": 35.307661, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.851225, "energy": 24.28813, "activity_lines": [ 2.578845, 2.658179, 2.472897, 2.334116 ] }, { "date": "2023-11-10", "close": 2.566687, "volume": 18000, "typical_volume": 254167.5, "trend": 2.215906, "fair_value": 3.211359, "relative_strength": 40.606557, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.710323, "energy": 20.712744, "activity_lines": [ 2.563535, 2.642828, 2.499432, 2.357648 ] }, { "date": "2023-11-17", "close": 2.303264, "volume": 9000, "typical_volume": 252117.5, "trend": 2.220634, "fair_value": 3.193641, "relative_strength": 23.425475, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.921962, "energy": 18.319181, "activity_lines": [ 2.468522, 2.57074, 2.497631, 2.363284 ] }, { "date": "2023-11-24", "close": 2.161421, "volume": 16500, "typical_volume": 250492.5, "trend": 2.222211, "fair_value": 3.175538, "relative_strength": 14.345746, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.47507, "energy": 13.232432, "activity_lines": [ 2.351446, 2.475318, 2.480101, 2.359464 ] }, { "date": "2023-12-01", "close": 2.161421, "volume": 6000, "typical_volume": 249692.5, "trend": 2.22176, "fair_value": 3.15691, "relative_strength": 18.244486, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.028762, "energy": 19.153304, "activity_lines": [ 2.26679, 2.397826, 2.460996, 2.355542 ] }, { "date": "2023-12-08", "close": 2.262737, "volume": 11250, "typical_volume": 245817.5, "trend": 2.231442, "fair_value": 3.139456, "relative_strength": 26.352238, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.769505, "energy": 20.135726, "activity_lines": [ 2.241123, 2.355949, 2.450125, 2.358185 ] }, { "date": "2023-12-15", "close": 2.364054, "volume": 32700, "typical_volume": 243502.5, "trend": 2.239322, "fair_value": 3.1237, "relative_strength": 27.191197, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.539611, "energy": 17.737167, "activity_lines": [ 2.265439, 2.339984, 2.446844, 2.366741 ] }, { "date": "2023-12-22", "close": 2.228965, "volume": 11000, "typical_volume": 239365.0, "trend": 2.247202, "fair_value": 3.107601, "relative_strength": 22.056712, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.896002, "energy": 29.467221, "activity_lines": [ 2.258234, 2.305352, 2.428607, 2.366073 ] }, { "date": "2023-12-29", "close": 1.99256, "volume": 0, "typical_volume": 239140.0, "trend": 2.249453, "fair_value": 3.091035, "relative_strength": 3.943152, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.510474, "energy": 47.09448, "activity_lines": [ 2.177181, 2.235965, 2.386729, 2.349644 ] }, { "date": "2024-01-05", "close": 1.945279, "volume": 0, "typical_volume": 220298.75, "trend": 2.25238, "fair_value": 3.073641, "relative_strength": 3.980555, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.271487, "energy": 56.746915, "activity_lines": [ 2.091625, 2.169895, 2.34051, 2.33002 ] }, { "date": "2024-01-12", "close": 1.938524, "volume": 0, "typical_volume": 208906.25, "trend": 2.256208, "fair_value": 3.056729, "relative_strength": 4.705093, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.885761, "energy": 71.533424, "activity_lines": [ 2.018227, 2.113403, 2.293743, 2.309771 ] }, { "date": "2024-01-19", "close": 1.958787, "volume": 21750, "typical_volume": 207943.75, "trend": 2.258685, "fair_value": 3.038898, "relative_strength": 11.388759, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.501864, "energy": 72.189134, "activity_lines": [ 1.973197, 2.070911, 2.249647, 2.290583 ] }, { "date": "2024-01-26", "close": 2.127648, "volume": 13550, "typical_volume": 176046.25, "trend": 2.268366, "fair_value": 3.021626, "relative_strength": 15.151693, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.186185, "energy": 60.406054, "activity_lines": [ 2.011472, 2.070174, 2.222211, 2.282129 ] }, { "date": "2024-02-02", "close": 1.999314, "volume": 7000, "typical_volume": 86736.25, "trend": 2.273995, "fair_value": 3.000912, "relative_strength": 10.403697, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.501119, "energy": 58.952276, "activity_lines": [ 2.013723, 2.049297, 2.184032, 2.264771 ] }, { "date": "2024-02-09", "close": 1.68861, "volume": 21025, "typical_volume": 36768.75, "trend": 2.268141, "fair_value": 2.973491, "relative_strength": -8.354441, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.59641, "energy": 61.111755, "activity_lines": [ 1.911957, 1.974875, 2.12173, 2.227004 ] }, { "date": "2024-02-16", "close": 1.897997, "volume": 0, "typical_volume": 28001.25, "trend": 2.270392, "fair_value": 2.948459, "relative_strength": -1.288178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.657471, "energy": 51.812218, "activity_lines": [ 1.897097, 1.947121, 2.086125, 2.203124 ] }, { "date": "2024-02-23", "close": 1.796681, "volume": 1450, "typical_volume": 20423.75, "trend": 2.266114, "fair_value": 2.923827, "relative_strength": -9.075665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.350945, "energy": 68.464736, "activity_lines": [ 1.851167, 1.907576, 2.044569, 2.172562 ] }, { "date": "2024-03-01", "close": 1.843962, "volume": 5000, "typical_volume": 16348.75, "trend": 2.261161, "fair_value": 2.897925, "relative_strength": -6.228666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.816595, "energy": 64.01521, "activity_lines": [ 1.831804, 1.886945, 2.011762, 2.145326 ] }, { "date": "2024-03-08", "close": 2.168175, "volume": 268325, "typical_volume": 23115.0, "trend": 2.265889, "fair_value": 2.873054, "relative_strength": 11.148879, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.458818, "energy": 32.338936, "activity_lines": [ 1.939425, 1.932261, 2.01382, 2.139327 ] }, { "date": "2024-03-15", "close": 2.188438, "volume": 1167275, "typical_volume": 80741.25, "trend": 2.273319, "fair_value": 2.849361, "relative_strength": 9.136116, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.191867, "energy": 18.522465, "activity_lines": [ 2.042542, 1.978068, 2.020092, 2.13433 ] }, { "date": "2024-03-22", "close": 2.141157, "volume": 861000, "typical_volume": 123541.25, "trend": 2.274895, "fair_value": 2.829032, "relative_strength": 7.69789, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.898532, "energy": 23.83881, "activity_lines": [ 2.096578, 2.010858, 2.023533, 2.125804 ] }, { "date": "2024-03-29", "close": 2.100631, "volume": 696950, "typical_volume": 157488.75, "trend": 2.275571, "fair_value": 2.807919, "relative_strength": 4.873101, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.074612, "energy": 23.066386, "activity_lines": [ 2.120894, 2.032595, 2.024852, 2.114561 ] }, { "date": "2024-04-05", "close": 2.215456, "volume": 287300, "typical_volume": 171403.75, "trend": 2.268141, "fair_value": 2.787019, "relative_strength": 8.888841, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.127273, "energy": 21.628907, "activity_lines": [ 2.163222, 2.07263, 2.039326, 2.110682 ] }, { "date": "2024-04-12", "close": 2.228965, "volume": 381700, "typical_volume": 189663.75, "trend": 2.237521, "fair_value": 2.767253, "relative_strength": 9.081036, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.467363, "energy": 18.783118, "activity_lines": [ 2.185286, 2.113525, 2.055505, 2.108155 ] }, { "date": "2024-04-19", "close": 2.776074, "volume": 580600, "typical_volume": 218393.75, "trend": 2.226488, "fair_value": 2.748898, "relative_strength": 38.637566, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.305065, "energy": 63.624074, "activity_lines": [ 2.385668, 2.249719, 2.123467, 2.1429 ] }, { "date": "2024-04-26", "close": 2.532915, "volume": 74150, "typical_volume": 221538.75, "trend": 2.22176, "fair_value": 2.728985, "relative_strength": 15.597119, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.960917, "energy": 67.156553, "activity_lines": [ 2.465821, 2.321931, 2.165345, 2.16267 ] }, { "date": "2024-05-03", "close": 1.864225, "volume": 631750, "typical_volume": 251491.25, "trend": 2.194292, "fair_value": 2.706357, "relative_strength": -18.622966, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.346148, "energy": 19.585846, "activity_lines": [ 2.29696, 2.261018, 2.142251, 2.139603 ] }, { "date": "2024-05-10", "close": 1.857471, "volume": 473925, "typical_volume": 274637.5, "trend": 2.166824, "fair_value": 2.682114, "relative_strength": -20.972167, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -12.793575, "energy": 10.835821, "activity_lines": [ 2.141608, 2.197649, 2.120894, 2.117873 ] }, { "date": "2024-05-17", "close": 1.965542, "volume": 284500, "typical_volume": 288862.5, "trend": 2.144084, "fair_value": 2.658563, "relative_strength": -18.785433, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.111375, "energy": 22.873717, "activity_lines": [ 2.046145, 2.153684, 2.111599, 2.104887 ] }, { "date": "2024-05-24", "close": 2.080367, "volume": 394000, "typical_volume": 308562.5, "trend": 2.128774, "fair_value": 2.636751, "relative_strength": -9.75452, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.60562, "energy": 26.942634, "activity_lines": [ 2.006519, 2.13428, 2.113368, 2.100776 ] }, { "date": "2024-05-31", "close": 2.127648, "volume": 353275, "typical_volume": 326226.25, "trend": 2.116166, "fair_value": 2.614071, "relative_strength": -5.238071, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.441843, "energy": 19.189828, "activity_lines": [ 2.029033, 2.125438, 2.118996, 2.100703 ] }, { "date": "2024-06-07", "close": 2.215456, "volume": 289850, "typical_volume": 339631.25, "trend": 2.104458, "fair_value": 2.591953, "relative_strength": -3.242899, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.452322, "energy": 15.431118, "activity_lines": [ 2.107835, 2.132806, 2.132087, 2.107109 ] }, { "date": "2024-06-14", "close": 2.255983, "volume": 210400, "typical_volume": 349473.75, "trend": 2.102882, "fair_value": 2.56951, "relative_strength": 0.324276, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.223329, "energy": 22.156671, "activity_lines": [ 2.176731, 2.145455, 2.147815, 2.116885 ] }, { "date": "2024-06-21", "close": 2.141157, "volume": 277000, "typical_volume": 362973.75, "trend": 2.102207, "fair_value": 2.544573, "relative_strength": -5.515698, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.824299, "energy": 21.602094, "activity_lines": [ 2.180783, 2.13649, 2.151996, 2.119354 ] }, { "date": "2024-06-28", "close": 2.147912, "volume": 185350, "typical_volume": 371190.0, "trend": 2.101756, "fair_value": 2.51675, "relative_strength": -3.914105, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.233681, "energy": 20.957608, "activity_lines": [ 2.17538, 2.13035, 2.156146, 2.122303 ] }, { "date": "2024-07-05", "close": 2.147912, "volume": 79100, "typical_volume": 375145.0, "trend": 2.097929, "fair_value": 2.488928, "relative_strength": -4.656627, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.379526, "energy": 19.699252, "activity_lines": [ 2.165473, 2.135631, 2.158108, 2.125281 ] }, { "date": "2024-07-12", "close": 2.134403, "volume": 15750, "typical_volume": 375860.0, "trend": 2.090274, "fair_value": 2.458676, "relative_strength": -8.101928, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.97436, "energy": 11.943792, "activity_lines": [ 2.149713, 2.145456, 2.157593, 2.127634 ] }, { "date": "2024-07-19", "close": 2.060104, "volume": 168250, "typical_volume": 384022.5, "trend": 2.084645, "fair_value": 2.423261, "relative_strength": -7.155278, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.646605, "energy": 7.213792, "activity_lines": [ 2.11459, 2.136859, 2.148394, 2.125687 ] }, { "date": "2024-07-26", "close": 2.100631, "volume": 118000, "typical_volume": 376506.25, "trend": 2.088247, "fair_value": 2.386934, "relative_strength": -3.51397, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.293233, "energy": 9.239702, "activity_lines": [ 2.106034, 2.131947, 2.142026, 2.126719 ] }, { "date": "2024-08-02", "close": 2.093876, "volume": 139000, "typical_volume": 325092.5, "trend": 2.093201, "fair_value": 2.349392, "relative_strength": -3.706587, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.323552, "energy": 16.572977, "activity_lines": [ 2.097929, 2.12335, 2.135336, 2.127082 ] }, { "date": "2024-08-09", "close": 2.087122, "volume": 394075, "typical_volume": 301746.25, "trend": 2.098154, "fair_value": 2.308878, "relative_strength": -5.056141, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.471835, "energy": 22.038352, "activity_lines": [ 2.091175, 2.11328, 2.128453, 2.12669 ] }, { "date": "2024-08-16", "close": 2.424844, "volume": 214750, "typical_volume": 277636.25, "trend": 2.113689, "fair_value": 2.285174, "relative_strength": 7.678816, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.429754, "energy": 41.767622, "activity_lines": [ 2.201047, 2.165351, 2.153991, 2.147766 ] }, { "date": "2024-08-23", "close": 2.269492, "volume": 38000, "typical_volume": 265171.25, "trend": 2.118417, "fair_value": 2.262231, "relative_strength": -0.457977, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 50.958861, "energy": 49.307317, "activity_lines": [ 2.239772, 2.185368, 2.16319, 2.157818 ] }, { "date": "2024-08-30", "close": 2.269492, "volume": 30000, "typical_volume": 247586.25, "trend": 2.127423, "fair_value": 2.236946, "relative_strength": -2.731574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.343018, "energy": 55.128182, "activity_lines": [ 2.264539, 2.20514, 2.172131, 2.167565 ] }, { "date": "2024-09-06", "close": 2.337036, "volume": 83000, "typical_volume": 222706.25, "trend": 2.149037, "fair_value": 2.215607, "relative_strength": 3.291141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.465201, "energy": 65.785808, "activity_lines": [ 2.300562, 2.23486, 2.187313, 2.181088 ] }, { "date": "2024-09-13", "close": 2.236617, "volume": 55875, "typical_volume": 221792.5, "trend": 2.160325, "fair_value": 2.194797, "relative_strength": -0.062124, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.303238, "energy": 50.372005, "activity_lines": [ 2.286902, 2.242883, 2.195021, 2.186739 ] }, { "date": "2024-09-20", "close": 2.282262, "volume": 5000, "typical_volume": 190455.0, "trend": 2.176511, "fair_value": 2.175451, "relative_strength": -2.304203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.049065, "energy": 39.77527, "activity_lines": [ 2.278491, 2.257592, 2.208488, 2.194606 ] }, { "date": "2024-09-27", "close": 2.30052, "volume": 23500, "typical_volume": 167933.75, "trend": 2.191729, "fair_value": 2.153879, "relative_strength": -12.342699, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.631378, "energy": 36.218714, "activity_lines": [ 2.285671, 2.272932, 2.221702, 2.202606 ] }, { "date": "2024-10-04", "close": 2.647424, "volume": 56625, "typical_volume": 156540.0, "trend": 2.207704, "fair_value": 2.135702, "relative_strength": -7.942615, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.168365, "energy": 67.218776, "activity_lines": [ 2.406417, 2.346975, 2.265846, 2.232006 ] }, { "date": "2024-10-11", "close": 2.236617, "volume": 66025, "typical_volume": 140141.25, "trend": 2.20931, "fair_value": 2.117821, "relative_strength": -16.216421, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.113063, "energy": 36.643869, "activity_lines": [ 2.365032, 2.336384, 2.267617, 2.233871 ] }, { "date": "2024-10-18", "close": 2.145326, "volume": 504750, "typical_volume": 147715.0, "trend": 2.209449, "fair_value": 2.102283, "relative_strength": -17.259214, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.738801, "energy": 18.569615, "activity_lines": [ 2.299911, 2.306599, 2.259951, 2.229743 ] }, { "date": "2024-10-25", "close": 2.136197, "volume": 198975, "typical_volume": 143171.25, "trend": 2.210635, "fair_value": 2.089265, "relative_strength": -16.209305, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.331122, "energy": 9.295432, "activity_lines": [ 2.237834, 2.274096, 2.25133, 2.225017 ] }, { "date": "2024-11-01", "close": 2.154455, "volume": 6000, "typical_volume": 132951.25, "trend": 2.208601, "fair_value": 2.076715, "relative_strength": -14.660356, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.068619, "energy": 14.901048, "activity_lines": [ 2.19158, 2.250161, 2.244827, 2.221393 ] }, { "date": "2024-11-08", "close": 2.2001, "volume": 0, "typical_volume": 119101.25, "trend": 2.207639, "fair_value": 2.064692, "relative_strength": -13.200872, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.517095, "energy": 18.00164, "activity_lines": [ 2.170279, 2.236617, 2.243153, 2.220844 ] }, { "date": "2024-11-15", "close": 2.099681, "volume": 184000, "typical_volume": 119033.75, "trend": 2.185093, "fair_value": 2.052376, "relative_strength": -11.278179, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.828775, "energy": 26.220643, "activity_lines": [ 2.145326, 2.206076, 2.231635, 2.213879 ] }, { "date": "2024-11-22", "close": 2.127068, "volume": 158000, "typical_volume": 122978.75, "trend": 2.171565, "fair_value": 2.041291, "relative_strength": -9.023909, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.903813, "energy": 29.219416, "activity_lines": [ 2.138631, 2.18483, 2.222956, 2.210136 ] }, { "date": "2024-11-29", "close": 2.145326, "volume": 15000, "typical_volume": 122941.25, "trend": 2.180935, "fair_value": 2.03208, "relative_strength": -8.898742, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.53478, "energy": 23.024709, "activity_lines": [ 2.13924, 2.168896, 2.216114, 2.208443 ] }, { "date": "2024-12-06", "close": 2.063165, "volume": 28925, "typical_volume": 115975.0, "trend": 2.187791, "fair_value": 2.023865, "relative_strength": -13.864367, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.561189, "energy": 28.895529, "activity_lines": [ 2.111853, 2.140513, 2.201396, 2.200845 ] }, { "date": "2024-12-13", "close": 2.236617, "volume": 22550, "typical_volume": 111202.5, "trend": 2.196827, "fair_value": 2.0177, "relative_strength": -6.687133, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.582817, "energy": 8.917387, "activity_lines": [ 2.148369, 2.147982, 2.203182, 2.203995 ] }, { "date": "2024-12-20", "close": 2.063165, "volume": 88000, "typical_volume": 108652.5, "trend": 2.196254, "fair_value": 2.008782, "relative_strength": -12.383806, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.914787, "energy": 27.649781, "activity_lines": [ 2.124634, 2.131384, 2.187801, 2.195371 ] }, { "date": "2024-12-27", "close": 2.099681, "volume": 95000, "typical_volume": 93698.75, "trend": 2.195321, "fair_value": 1.999982, "relative_strength": -12.299437, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.723866, "energy": 26.787326, "activity_lines": [ 2.115505, 2.124578, 2.176044, 2.189141 ] }, { "date": "2025-01-03", "close": 2.054035, "volume": 5000, "typical_volume": 83211.25, "trend": 2.189941, "fair_value": 1.992177, "relative_strength": -12.579179, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.001075, "energy": 29.455411, "activity_lines": [ 2.092986, 2.110304, 2.159881, 2.180026 ] }, { "date": "2025-01-10", "close": 2.035778, "volume": 270250, "typical_volume": 94823.75, "trend": 2.1826, "fair_value": 1.984724, "relative_strength": -10.010463, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.84908, "energy": 54.366558, "activity_lines": [ 2.070468, 2.094204, 2.143744, 2.17008 ] }, { "date": "2025-01-17", "close": 1.990132, "volume": 44000, "typical_volume": 95523.75, "trend": 2.177566, "fair_value": 1.977213, "relative_strength": -13.995996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.166358, "energy": 69.669967, "activity_lines": [ 2.03456, 2.071962, 2.124373, 2.157662 ] }, { "date": "2025-01-24", "close": 1.990132, "volume": 16000, "typical_volume": 92173.75, "trend": 2.172307, "fair_value": 1.969936, "relative_strength": -15.592606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.435746, "energy": 75.554048, "activity_lines": [ 2.015085, 2.053538, 2.106332, 2.14557 ] }, { "date": "2025-01-31", "close": 2.054035, "volume": 7750, "typical_volume": 89767.5, "trend": 2.169178, "fair_value": 1.964241, "relative_strength": -13.181029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.990617, "energy": 64.333363, "activity_lines": [ 2.021779, 2.048724, 2.096029, 2.137939 ] }, { "date": "2025-02-07", "close": 2.035778, "volume": 92750, "typical_volume": 94155.0, "trend": 2.16589, "fair_value": 1.957257, "relative_strength": -17.503541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.739138, "energy": 47.180115, "activity_lines": [ 2.025431, 2.041919, 2.084857, 2.129333 ] }, { "date": "2025-02-14", "close": 2.017519, "volume": 0, "typical_volume": 92980.0, "trend": 2.164471, "fair_value": 1.94957, "relative_strength": -23.276417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.801785, "energy": 37.152624, "activity_lines": [ 2.024214, 2.033786, 2.07312, 2.119761 ] }, { "date": "2025-02-21", "close": 1.880584, "volume": 63825, "typical_volume": 93340.0, "trend": 2.157136, "fair_value": 1.942528, "relative_strength": -30.783366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.908499, "energy": 48.083958, "activity_lines": [ 1.978569, 2.001585, 2.049688, 2.101445 ] }, { "date": "2025-02-28", "close": 1.944487, "volume": 77250, "typical_volume": 93901.25, "trend": 2.152156, "fair_value": 1.941636, "relative_strength": -26.434699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.56388, "energy": 44.232369, "activity_lines": [ 1.961528, 1.987476, 2.035995, 2.087726 ] }, { "date": "2025-03-07", "close": 1.807551, "volume": 171500, "typical_volume": 77238.75, "trend": 2.142837, "fair_value": 1.939516, "relative_strength": -34.623141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.314557, "energy": 71.871158, "activity_lines": [ 1.901885, 1.950628, 2.010651, 2.065494 ] }, { "date": "2025-03-14", "close": 1.761906, "volume": 91200, "typical_volume": 71850.0, "trend": 2.120739, "fair_value": 1.937688, "relative_strength": -34.923471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.792863, "energy": 84.916074, "activity_lines": [ 1.843459, 1.910792, 1.982568, 2.040917 ] }, { "date": "2025-03-21", "close": 1.761906, "volume": 69350, "typical_volume": 75017.5, "trend": 2.10382, "fair_value": 1.935861, "relative_strength": -33.554623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.506687, "energy": 89.739983, "activity_lines": [ 1.803291, 1.876268, 1.956268, 2.017767 ] }, { "date": "2025-03-28", "close": 2.172713, "volume": 1369050, "typical_volume": 143470.0, "trend": 2.100594, "fair_value": 1.936901, "relative_strength": -16.651474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.449943, "energy": 32.475923, "activity_lines": [ 1.9171, 1.921415, 1.970961, 2.022212 ] }, { "date": "2025-04-04", "close": 2.099681, "volume": 963875, "typical_volume": 182463.75, "trend": 2.092682, "fair_value": 1.937239, "relative_strength": -16.836613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.901293, "energy": 12.673393, "activity_lines": [ 1.987089, 1.949964, 1.97883, 2.022153 ] }, { "date": "2025-04-11", "close": 2.044906, "volume": 575125, "typical_volume": 203320.0, "trend": 2.086292, "fair_value": 1.937577, "relative_strength": -10.961701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.904547, "energy": 22.152719, "activity_lines": [ 2.028474, 1.966563, 1.981481, 2.01907 ] }, { "date": "2025-04-18", "close": 2.035778, "volume": 605500, "typical_volume": 232845.0, "trend": 2.078075, "fair_value": 1.940961, "relative_strength": -12.181519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.668944, "energy": 26.242299, "activity_lines": [ 2.050993, 1.981667, 1.983655, 2.015811 ] }, { "date": "2025-04-25", "close": 1.935358, "volume": 566000, "typical_volume": 259698.75, "trend": 2.065903, "fair_value": 1.94543, "relative_strength": -17.929883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.569133, "energy": 16.138701, "activity_lines": [ 2.02178, 1.978513, 1.976786, 2.006604 ] }, { "date": "2025-05-02", "close": 2.090552, "volume": 581000, "typical_volume": 287621.25, "trend": 2.047341, "fair_value": 1.949839, "relative_strength": -13.288259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.417738, "energy": 7.197523, "activity_lines": [ 2.032735, 2.005071, 1.985307, 2.008194 ] }, { "date": "2025-05-09", "close": 2.00839, "volume": 457250, "typical_volume": 306083.75, "trend": 2.039733, "fair_value": 1.953575, "relative_strength": -17.869506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.315104, "energy": 7.658458, "activity_lines": [ 2.02178, 2.012872, 1.986698, 2.005681 ] }, { "date": "2025-05-16", "close": 2.026649, "volume": 605250, "typical_volume": 331596.25, "trend": 2.035778, "fair_value": 1.955846, "relative_strength": -18.616703, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.942819, "energy": 6.276355, "activity_lines": [ 2.022997, 2.022831, 1.990089, 2.004837 ] }, { "date": "2025-05-23", "close": 1.981003, "volume": 665234, "typical_volume": 364607.95, "trend": 2.030604, "fair_value": 1.957854, "relative_strength": -20.916093, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.215639, "energy": 12.263808, "activity_lines": [ 2.010216, 2.020507, 1.98948, 2.001303 ] }, { "date": "2025-05-30", "close": 2.072294, "volume": 536575, "typical_volume": 377924.2, "trend": 2.027866, "fair_value": 1.961443, "relative_strength": -15.726911, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.196109, "energy": 7.214003, "activity_lines": [ 2.031517, 2.030798, 1.997914, 2.003993 ] }, { "date": "2025-06-06", "close": 2.2001, "volume": 620750, "typical_volume": 406761.7, "trend": 2.027866, "fair_value": 1.966467, "relative_strength": -11.968738, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.046183, "energy": 32.088362, "activity_lines": [ 2.086292, 2.058683, 2.018345, 2.015105 ] }, { "date": "2025-06-13", "close": 2.090552, "volume": 661725, "typical_volume": 439047.95, "trend": 2.027561, "fair_value": 1.972223, "relative_strength": -16.114909, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.652977, "energy": 27.80563, "activity_lines": [ 2.097246, 2.066152, 2.027344, 2.019149 ] }, { "date": "2025-06-20", "close": 2.327907, "volume": 760500, "typical_volume": 476685.45, "trend": 2.034256, "fair_value": 1.979589, "relative_strength": -4.805403, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.942268, "energy": 59.708715, "activity_lines": [ 2.181842, 2.116943, 2.05847, 2.038526 ] }, { "date": "2025-06-27", "close": 2.251894, "volume": 549100, "typical_volume": 499502.95, "trend": 2.037808, "fair_value": 1.987053, "relative_strength": -10.298789, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.599566, "energy": 64.323937, "activity_lines": [ 2.221017, 2.148768, 2.081052, 2.052567 ] }, { "date": "2025-07-04", "close": 2.308904, "volume": 449750, "typical_volume": 521990.45, "trend": 2.046, "fair_value": 1.995908, "relative_strength": -6.191253, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.035742, "energy": 66.128607, "activity_lines": [ 2.261135, 2.187028, 2.108035, 2.070057 ] }, { "date": "2025-07-11", "close": 2.156877, "volume": 623000, "typical_volume": 549949.2, "trend": 2.043342, "fair_value": 2.003876, "relative_strength": -12.733766, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.955096, "energy": 57.523806, "activity_lines": [ 2.234803, 2.190856, 2.119151, 2.077211 ] }, { "date": "2025-07-18", "close": 2.185382, "volume": 553500, "typical_volume": 573761.7, "trend": 2.047415, "fair_value": 2.011178, "relative_strength": -13.532825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.457717, "energy": 37.162976, "activity_lines": [ 2.220855, 2.198661, 2.131666, 2.086375 ] }, { "date": "2025-07-25", "close": 2.194884, "volume": 558000, "typical_volume": 593086.7, "trend": 2.050589, "fair_value": 2.016666, "relative_strength": -14.484575, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.565623, "energy": 26.015487, "activity_lines": [ 2.203752, 2.204975, 2.143939, 2.095889 ] }, { "date": "2025-08-01", "close": 2.280399, "volume": 514250, "typical_volume": 614239.2, "trend": 2.058134, "fair_value": 2.020886, "relative_strength": -7.4232, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.476454, "energy": 29.847532, "activity_lines": [ 2.224022, 2.223778, 2.162513, 2.110715 ] }, { "date": "2025-08-08", "close": 2.840997, "volume": 1069525, "typical_volume": 664247.95, "trend": 2.084975, "fair_value": 2.029402, "relative_strength": 13.877499, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.656792, "energy": 64.997324, "activity_lines": [ 2.429258, 2.339065, 2.232007, 2.161222 ] }, { "date": "2025-08-15", "close": 2.717475, "volume": 0, "typical_volume": 595795.45, "trend": 2.10922, "fair_value": 2.037449, "relative_strength": 7.805987, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.546236, "energy": 78.162221, "activity_lines": [ 2.557847, 2.417917, 2.284599, 2.202029 ] }, { "date": "2025-08-22", "close": 2.850498, "volume": 71950, "typical_volume": 551199.2, "trend": 2.137899, "fair_value": 2.04591, "relative_strength": 13.131897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.840956, "energy": 85.091009, "activity_lines": [ 2.693404, 2.511548, 2.347265, 2.249853 ] }, { "date": "2025-08-29", "close": 2.76, "volume": 1357050, "typical_volume": 590295.45, "trend": 2.161431, "fair_value": 2.053527, "relative_strength": 11.028243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.314097, "energy": 82.956068, "activity_lines": [ 2.754454, 2.574908, 2.397738, 2.289989 ] }, { "date": "2025-09-05", "close": 2.73, "volume": 76000, "typical_volume": 563820.45, "trend": 2.184572, "fair_value": 2.062298, "relative_strength": 8.912184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.063165, "energy": 79.373881, "activity_lines": [ 2.767829, 2.624957, 2.441948, 2.326671 ] }, { "date": "2025-09-12", "close": 2.68, "volume": 20500, "typical_volume": 536545.45, "trend": 2.206654, "fair_value": 2.070818, "relative_strength": 3.535921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.467509, "energy": 62.54124, "activity_lines": [ 2.734565, 2.657222, 2.47809, 2.358634 ] }, { "date": "2025-09-19", "close": 2.54, "volume": 55500, "typical_volume": 510270.45, "trend": 2.228635, "fair_value": 2.078874, "relative_strength": -1.889046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.33126, "energy": 44.894391, "activity_lines": [ 2.665367, 2.657285, 2.497353, 2.38014 ] }, { "date": "2025-09-26", "close": 2.69, "volume": 84000, "typical_volume": 491607.95, "trend": 2.253485, "fair_value": 2.088324, "relative_strength": 5.741015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.892071, "energy": 35.864346, "activity_lines": [ 2.658, 2.677656, 2.528762, 2.409905 ] }, { "date": "2025-10-03", "close": 2.65, "volume": 9250, "typical_volume": 461807.95, "trend": 2.281567, "fair_value": 2.097214, "relative_strength": 0.655508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.292486, "energy": 31.068653, "activity_lines": [ 2.648, 2.681578, 2.553115, 2.435487 ] }, { "date": "2025-10-10", "close": 2.63, "volume": 1250, "typical_volume": 428608.75, "trend": 2.310503, "fair_value": 2.105847, "relative_strength": 3.234429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.549533, "energy": 28.083278, "activity_lines": [ 2.638667, 2.67359, 2.572595, 2.457967 ] }, { "date": "2025-10-17", "close": 2.6, "volume": 1250, "typical_volume": 401842.5, "trend": 2.33844, "fair_value": 2.114287, "relative_strength": 6.276796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.800073, "energy": 27.720437, "activity_lines": [ 2.626, 2.65379, 2.586128, 2.476644 ] }, { "date": "2025-10-24", "close": 2.53, "volume": 33000, "typical_volume": 372455.0, "trend": 2.350349, "fair_value": 2.122928, "relative_strength": -0.054376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.354991, "energy": 20.082098, "activity_lines": [ 2.595333, 2.625645, 2.590481, 2.489003 ] }, { "date": "2025-10-31", "close": 2.58, "volume": 20375, "typical_volume": 340387.5, "trend": 2.36636, "fair_value": 2.13046, "relative_strength": 3.03023, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.413232, "energy": 17.899485, "activity_lines": [ 2.582, 2.61, 2.598025, 2.503819 ] }, { "date": "2025-11-07", "close": 2.52, "volume": 128000, "typical_volume": 308762.5, "trend": 2.382196, "fair_value": 2.137348, "relative_strength": -0.450947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.856846, "energy": 19.498114, "activity_lines": [ 2.556, 2.588364, 2.597524, 2.513731 ] }, { "date": "2025-11-14", "close": 2.55, "volume": 13000, "typical_volume": 281957.5, "trend": 2.399337, "fair_value": 2.143303, "relative_strength": -0.278285, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.734488, "energy": 19.058291, "activity_lines": [ 2.548667, 2.576545, 2.598965, 2.524557 ] }, { "date": "2025-11-21", "close": 2.39, "volume": 0, "typical_volume": 259470.0, "trend": 2.414492, "fair_value": 2.149055, "relative_strength": -1.210392, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -18.902713, "energy": 39.578711, "activity_lines": [ 2.493333, 2.538909, 2.583749, 2.523955 ] }, { "date": "2025-11-28", "close": 2.42, "volume": 0, "typical_volume": 228320.0, "trend": 2.425474, "fair_value": 2.155172, "relative_strength": -2.11074, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -15.167477, "energy": 52.506833, "activity_lines": [ 2.462, 2.512, 2.571003, 2.52431 ] }, { "date": "2025-12-05", "close": 2.37, "volume": 36250, "typical_volume": 202457.5, "trend": 2.437527, "fair_value": 2.159496, "relative_strength": -4.715391, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.076033, "energy": 65.086329, "activity_lines": [ 2.421333, 2.478182, 2.552243, 2.520731 ] }, { "date": "2025-12-12", "close": 2.38, "volume": 5475, "typical_volume": 174831.25, "trend": 2.449306, "fair_value": 2.164015, "relative_strength": -3.51805, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.869379, "energy": 67.266995, "activity_lines": [ 2.398, 2.452, 2.533556, 2.51702 ] }, { "date": "2025-12-19", "close": 2.39, "volume": 0, "typical_volume": 149118.75, "trend": 2.462939, "fair_value": 2.169204, "relative_strength": -1.802627, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.962586, "energy": 66.122435, "activity_lines": [ 2.387333, 2.432545, 2.51494, 2.513193 ] }, { "date": "2025-12-26", "close": 2.39, "volume": 0, "typical_volume": 95642.5, "trend": 2.473529, "fair_value": 2.174263, "relative_strength": -2.05351, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.896551, "energy": 75.221898, "activity_lines": [ 2.387333, 2.417455, 2.495802, 2.508488 ] }, { "date": "2026-01-02", "close": 2.39, "volume": 24625, "typical_volume": 96873.75, "trend": 2.479859, "fair_value": 2.178586, "relative_strength": -3.726857, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.106512, "energy": 66.689201, "activity_lines": [ 2.387333, 2.406182, 2.478812, 2.503099 ] }, { "date": "2026-01-09", "close": 2.55, "volume": 1100, "typical_volume": 93331.25, "trend": 2.495174, "fair_value": 2.184324, "relative_strength": 3.337821, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.072712, "energy": 15.706849, "activity_lines": [ 2.442667, 2.426545, 2.478619, 2.507624 ] }, { "date": "2026-01-16", "close": 2.66, "volume": 20000, "typical_volume": 26478.75, "trend": 2.506244, "fair_value": 2.189901, "relative_strength": 5.387909, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 29.918132, "energy": 27.04235, "activity_lines": [ 2.522667, 2.467455, 2.490333, 2.518258 ] }, { "date": "2026-01-23", "close": 2.67, "volume": 6950, "typical_volume": 23026.25, "trend": 2.520181, "fair_value": 2.19485, "relative_strength": 6.147758, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.175634, "energy": 40.985511, "activity_lines": [ 2.587333, 2.507636, 2.503476, 2.528823 ] }, { "date": "2026-01-30", "close": 2.58, "volume": 46000, "typical_volume": 24301.25, "trend": 2.529217, "fair_value": 2.198962, "relative_strength": 0.332707, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.725186, "energy": 38.419085, "activity_lines": [ 2.603333, 2.529273, 2.508333, 2.532682 ] }, { "date": "2026-02-06", "close": 2.52, "volume": 6175, "typical_volume": 21835.0, "trend": 2.541321, "fair_value": 2.203599, "relative_strength": 1.081407, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.957784, "energy": 30.730896, "activity_lines": [ 2.586667, 2.536545, 2.507952, 2.532088 ] }, { "date": "2026-02-13", "close": 2.62, "volume": 2000, "typical_volume": 17735.0, "trend": 2.555808, "fair_value": 2.209526, "relative_strength": 4.86167, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.270546, "energy": 31.740624, "activity_lines": [ 2.594667, 2.560182, 2.51719, 2.537164 ] }, { "date": "2026-02-20", "close": 2.63, "volume": 6000, "typical_volume": 17572.5, "trend": 2.570312, "fair_value": 2.215734, "relative_strength": 5.454844, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.092465, "energy": 24.199471, "activity_lines": [ 2.601333, 2.581091, 2.527714, 2.54195 ] }, { "date": "2026-02-27", "close": 2.52, "volume": 31000, "typical_volume": 19060.0, "trend": 2.578299, "fair_value": 2.219937, "relative_strength": 0.01906, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -18.049555, "energy": 13.506081, "activity_lines": [ 2.573333, 2.577455, 2.527857, 2.538704 ] }, { "date": "2026-03-06", "close": 2.49, "volume": 3425, "typical_volume": 19168.75, "trend": 2.566599, "fair_value": 2.224295, "relative_strength": 1.722485, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.455792, "energy": 14.582316, "activity_lines": [ 2.545333, 2.566, 2.525667, 2.533007 ] }, { "date": "2026-03-13", "close": 2.45, "volume": 21000, "typical_volume": 18568.75, "trend": 2.557683, "fair_value": 2.22779, "relative_strength": 0.772486, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.750901, "energy": 25.617177, "activity_lines": [ 2.51, 2.545455, 2.52019, 2.525485 ] }, { "date": "2026-03-20", "close": 2.47, "volume": 0, "typical_volume": 17550.0, "trend": 2.545, "fair_value": 2.230851, "relative_strength": 1.872873, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.468822, "energy": 30.884787, "activity_lines": [ 2.486, 2.527455, 2.517, 2.519828 ] }, { "date": "2026-03-27", "close": 2.48, "volume": 28175, "typical_volume": 12558.75, "trend": 2.535667, "fair_value": 2.234192, "relative_strength": 3.48151, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.353064, "energy": 30.834708, "activity_lines": [ 2.475333, 2.512727, 2.515286, 2.515634 ] }, { "date": "2026-04-03", "close": 2.43, "volume": 2000, "typical_volume": 12008.75, "trend": 2.525667, "fair_value": 2.236347, "relative_strength": 0.632612, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.242362, "energy": 33.106287, "activity_lines": [ 2.458, 2.492182, 2.509, 2.508817 ] }, { "date": "2026-04-10", "close": 2.5, "volume": 31000, "typical_volume": 13558.75, "trend": 2.519667, "fair_value": 2.238604, "relative_strength": 0.449338, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.455106, "energy": 25.476338, "activity_lines": [ 2.47, 2.488727, 2.509952, 2.507161 ] }, { "date": "2026-04-17", "close": 2.5, "volume": 0, "typical_volume": 13558.75, "trend": 2.518333, "fair_value": 2.240774, "relative_strength": -0.583292, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.265563, "energy": 21.676782, "activity_lines": [ 2.481333, 2.486727, 2.510381, 2.505892 ] }, { "date": "2026-04-24", "close": 2.42, "volume": 16750, "typical_volume": 12583.75, "trend": 2.509333, "fair_value": 2.242735, "relative_strength": -3.188373, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.813535, "energy": 38.162354, "activity_lines": [ 2.462667, 2.470545, 2.50281, 2.499548 ] }, { "date": "2026-05-01", "close": 2.43, "volume": 2000, "typical_volume": 12410.0, "trend": 2.502, "fair_value": 2.24437, "relative_strength": -2.055216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.00883, "energy": 39.284285, "activity_lines": [ 2.450667, 2.459818, 2.495952, 2.49443 ] }, { "date": "2026-05-08", "close": 2.51, "volume": 16250, "typical_volume": 13222.5, "trend": 2.498, "fair_value": 2.247816, "relative_strength": -1.339755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.730294, "energy": 17.942124, "activity_lines": [ 2.468667, 2.467273, 2.496476, 2.494946 ] }, { "date": "2026-05-15", "close": 2.47, "volume": 3825, "typical_volume": 13413.75, "trend": 2.493667, "fair_value": 2.250011, "relative_strength": -1.464006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.830078, "energy": 22.334163, "activity_lines": [ 2.468, 2.467636, 2.492619, 2.49314 ] }, { "date": "2026-05-22", "close": 2.5, "volume": 7000, "typical_volume": 12532.5, "trend": 2.492667, "fair_value": 2.253264, "relative_strength": 0.846975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.470799, "energy": 2.964533, "activity_lines": [ 2.479333, 2.473818, 2.491238, 2.493548 ] }, { "date": "2026-05-29", "close": 2.45, "volume": 4000, "typical_volume": 12677.5, "trend": 2.488333, "fair_value": 2.256629, "relative_strength": 0.326998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.637431, "energy": 8.099826, "activity_lines": [ 2.474, 2.47, 2.484571, 2.490796 ] }, { "date": "2026-06-05", "close": 2.44, "volume": 0, "typical_volume": 11677.5, "trend": 2.485667, "fair_value": 2.260363, "relative_strength": 0.694474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.157568, "energy": 14.977242, "activity_lines": [ 2.463333, 2.464727, 2.477429, 2.487677 ] }, { "date": "2026-06-12", "close": 2.44, "volume": 0, "typical_volume": 11330.0, "trend": 2.482, "fair_value": 2.264314, "relative_strength": 1.462425, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.18303, "energy": 25.085765, "activity_lines": [ 2.452, 2.460182, 2.471333, 2.484731 ] }, { "date": "2026-06-19", "close": 2.45, "volume": 0, "typical_volume": 9030.0, "trend": 2.484, "fair_value": 2.267939, "relative_strength": 5.184093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.721213, "energy": 41.015258, "activity_lines": [ 2.448667, 2.457273, 2.467286, 2.482667 ] }, { "date": "2026-06-26", "close": 2.45, "volume": 0, "typical_volume": 8721.25, "trend": 2.485, "fair_value": 2.271867, "relative_strength": 10.661899, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.455927, "energy": 50.548797, "activity_lines": [ 2.446667, 2.455273, 2.463857, 2.480473 ] }, { "date": "2026-07-03", "close": 2.43, "volume": 0, "typical_volume": 8621.25, "trend": 2.487, "fair_value": 2.27571, "relative_strength": 6.413025, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.516014, "energy": 54.257242, "activity_lines": [ 2.441333, 2.450545, 2.458857, 2.476925 ] }, { "date": "2026-07-10", "close": 2.4, "volume": 2000, "typical_volume": 8421.25, "trend": 2.487667, "fair_value": 2.279145, "relative_strength": 1.314537, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.911357, "energy": 69.203584, "activity_lines": [ 2.427333, 2.440182, 2.451905, 2.471312 ] }, { "date": "2026-07-17", "close": 2.41, "volume": 9000, "typical_volume": 7321.25, "trend": 2.488333, "fair_value": 2.28286, "relative_strength": -0.064647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.925791, "energy": 68.329872, "activity_lines": [ 2.419333, 2.432182, 2.447, 2.466301 ] }, { "date": "2026-07-24", "close": 2.39, "volume": 0, "typical_volume": 7150.0, "trend": 2.488333, "fair_value": 2.285841, "relative_strength": -2.663036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.926464, "energy": 79.49739, "activity_lines": [ 2.406667, 2.422364, 2.440714, 2.459957 ] }, { "date": "2026-07-31", "close": 2.39, "volume": 0, "typical_volume": 6100.0, "trend": 2.488333, "fair_value": 2.288388, "relative_strength": -6.114042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.415765, "energy": 80.402196, "activity_lines": [ 2.398, 2.414, 2.434905, 2.453613 ] }, { "date": "2026-08-07", "close": 2.39, "volume": 0, "typical_volume": 6100.0, "trend": 2.483, "fair_value": 2.29072, "relative_strength": -4.928895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.280791, "energy": 89.186812, "activity_lines": [ 2.393333, 2.407636, 2.429381, 2.447269 ] }, { "date": "2026-08-14", "close": 2.4, "volume": 24500, "typical_volume": 5916.25, "trend": 2.474333, "fair_value": 2.293505, "relative_strength": -2.205962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.266431, "energy": 88.169205, "activity_lines": [ 2.394667, 2.404182, 2.42519, 2.441914 ] }, { "date": "2026-08-21", "close": 2.45, "volume": 3000, "typical_volume": 5966.25, "trend": 2.467, "fair_value": 2.295787, "relative_strength": -3.246239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.20546, "energy": 57.117897, "activity_lines": [ 2.412667, 2.410545, 2.426143, 2.440344 ] }, { "date": "2026-08-28", "close": 2.43, "volume": 18500, "typical_volume": 5341.25, "trend": 2.462, "fair_value": 2.298029, "relative_strength": -2.151735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.370814, "energy": 26.157098, "activity_lines": [ 2.421333, 2.413091, 2.425095, 2.437957 ] }, { "date": "2026-09-04", "close": 2.38, "volume": 2650, "typical_volume": 5473.75, "trend": 2.457333, "fair_value": 2.297655, "relative_strength": -4.134284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.428507, "energy": 34.552542, "activity_lines": [ 2.410667, 2.406909, 2.419619, 2.432667 ] } ], "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." } } }