{ "ticker": { "uuid": "c87ddaa2-f49b-4658-89e1-db9eecd3727d", "symbol": "ESNT", "name": "Essentra plc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 53.6, "architecture_energy": 75.602, "architecture_maturity": 21.034, "architecture_confidence": 89.983, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 18.82, "rotation_up": 77.9, "upward_expansion": 57.74, "deceleration": 18.74, "rotation_down": 16.7, "downward_expansion": 32.74 }, "activity_lines": [ 1.023133, 0.948309, 0.901438, 0.902064 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 1.14, "trend_reference": 0.920893, "distance_from_trend": 0.237929, "trend_direction": "Weakening", "fair_value": 1.236989, "distance_from_fair_value": -0.078408, "fair_value_direction": "Improving", "relative_strength": 10.527046, "relative_strength_direction": "Improving", "price_momentum": 0.114457, "excess_performance": 0.063221, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.237929, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.01593, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.078408, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.28193, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.10527, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.311092, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.114457, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.178875, "read": "Demand-led" } ], "volume": { "latest": 5131262, "relative_activity": 1.540478, "balance": 3.178875, "dry_up": 1.139939, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.065473, "annualized_volatility": 0.362201, "from_high_reference": -0.010417, "from_low_reference": 0.451451 }, "levels": { "trend_reference": 0.920893, "fair_value_reference": 1.236989, "structural_low": 0.785421, "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": 5, "median_return": -0.054, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.040171, "regime_survival": 0.4, "best_return": 0.078221, "worst_return": -0.084566, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.017499, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.0719, "regime_survival": 0.0, "best_return": -0.004762, "worst_return": -0.106, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.129313, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.151008, "regime_survival": 0.0, "best_return": -0.026311, "worst_return": -0.144245, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.252209, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.277793, "regime_survival": 0.0, "best_return": -0.231801, "worst_return": -0.281339, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-27", "tenure": "Developing", "return": -0.120576, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": 0.006544, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-11-22", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-07-04", "tenure": "Extended", "return": -0.193064, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.063637, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-10-10", "tenure": "Developing", "return": 0.039184, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": -0.103131, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": -0.00751, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-12-12", "tenure": "New", "return": 0.069817, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-02-20", "tenure": "Developing", "return": 0.108163, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.109227, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.01606, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-07-31", "tenure": "Established", "return": 0.180091, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.387254, "volume": 2540465, "typical_volume": 3726993.05, "trend": 1.694779, "fair_value": 2.099446, "relative_strength": -16.201847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.5722, "energy": 65.08537, "activity_lines": [ 1.445134, 1.473786, 1.566261, 1.626094 ] }, { "date": "2023-08-25", "close": 1.38352, "volume": 5259319, "typical_volume": 3787713.0, "trend": 1.683205, "fair_value": 2.093256, "relative_strength": -17.092165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.9625, "energy": 76.630543, "activity_lines": [ 1.417875, 1.452535, 1.540707, 1.606013 ] }, { "date": "2023-09-01", "close": 1.381653, "volume": 1786310, "typical_volume": 3688412.75, "trend": 1.664907, "fair_value": 2.087959, "relative_strength": -18.392091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.116306, "energy": 77.568628, "activity_lines": [ 1.398581, 1.435392, 1.516896, 1.586558 ] }, { "date": "2023-09-08", "close": 1.364849, "volume": 1291247, "typical_volume": 3523652.55, "trend": 1.649114, "fair_value": 2.082338, "relative_strength": -19.32794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.48192, "energy": 78.655372, "activity_lines": [ 1.381777, 1.417977, 1.493653, 1.567199 ] }, { "date": "2023-09-15", "close": 1.357381, "volume": 3249577, "typical_volume": 3279110.1, "trend": 1.63427, "fair_value": 2.078368, "relative_strength": -21.962508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.910606, "energy": 74.823598, "activity_lines": [ 1.369704, 1.40192, 1.471815, 1.548378 ] }, { "date": "2023-09-22", "close": 1.462627, "volume": 3110072, "typical_volume": 3162177.3, "trend": 1.622668, "fair_value": 2.075358, "relative_strength": -15.444324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.980408, "energy": 52.520737, "activity_lines": [ 1.398935, 1.407476, 1.46267, 1.537304 ] }, { "date": "2023-09-29", "close": 1.522864, "volume": 3901547, "typical_volume": 3149505.25, "trend": 1.613874, "fair_value": 2.07236, "relative_strength": -10.996782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.68812, "energy": 33.328228, "activity_lines": [ 1.443221, 1.424788, 1.461517, 1.530865 ] }, { "date": "2023-10-06", "close": 1.539806, "volume": 3480200, "typical_volume": 3052034.9, "trend": 1.60711, "fair_value": 2.069177, "relative_strength": -8.291104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.398634, "energy": 23.518665, "activity_lines": [ 1.483865, 1.444988, 1.463519, 1.526087 ] }, { "date": "2023-10-13", "close": 1.603808, "volume": 5015148, "typical_volume": 3153663.6, "trend": 1.603545, "fair_value": 2.06718, "relative_strength": -5.606006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.909352, "energy": 22.682554, "activity_lines": [ 1.535299, 1.476156, 1.472818, 1.525873 ] }, { "date": "2023-10-20", "close": 1.475804, "volume": 3128484, "typical_volume": 3038671.9, "trend": 1.597509, "fair_value": 2.063537, "relative_strength": -10.493991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.419285, "energy": 21.141286, "activity_lines": [ 1.528135, 1.481675, 1.470398, 1.517632 ] }, { "date": "2023-10-27", "close": 1.394861, "volume": 6216532, "typical_volume": 3202842.05, "trend": 1.584131, "fair_value": 2.060367, "relative_strength": -13.641048, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.685418, "energy": 17.737322, "activity_lines": [ 1.486095, 1.472021, 1.461386, 1.504558 ] }, { "date": "2023-11-03", "close": 1.45698, "volume": 4109690, "typical_volume": 3243459.55, "trend": 1.573133, "fair_value": 2.0579, "relative_strength": -10.976107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.267552, "energy": 14.398354, "activity_lines": [ 1.469279, 1.473524, 1.459712, 1.496355 ] }, { "date": "2023-11-10", "close": 1.462627, "volume": 4936438, "typical_volume": 3321332.45, "trend": 1.560652, "fair_value": 2.053367, "relative_strength": -9.480153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.949506, "energy": 21.354876, "activity_lines": [ 1.458737, 1.474717, 1.459391, 1.489225 ] }, { "date": "2023-11-17", "close": 1.498393, "volume": 6635069, "typical_volume": 3513256.5, "trend": 1.550292, "fair_value": 2.049025, "relative_strength": -8.647989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.567254, "energy": 17.987606, "activity_lines": [ 1.465263, 1.480941, 1.462819, 1.485209 ] }, { "date": "2023-11-24", "close": 1.492746, "volume": 4066645, "typical_volume": 3384835.65, "trend": 1.536121, "fair_value": 2.04386, "relative_strength": -8.23357, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.5936, "energy": 11.008554, "activity_lines": [ 1.476934, 1.48371, 1.465785, 1.481496 ] }, { "date": "2023-12-01", "close": 1.436274, "volume": 5349314, "typical_volume": 3512670.1, "trend": 1.519449, "fair_value": 2.037115, "relative_strength": -11.611361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.970851, "energy": 13.876688, "activity_lines": [ 1.468651, 1.473751, 1.463377, 1.475054 ] }, { "date": "2023-12-08", "close": 1.411803, "volume": 1711523, "typical_volume": 3532518.85, "trend": 1.504964, "fair_value": 2.031431, "relative_strength": -12.939673, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.175467, "energy": 17.467016, "activity_lines": [ 1.449451, 1.459821, 1.458974, 1.468109 ] }, { "date": "2023-12-15", "close": 1.522864, "volume": 2915392, "typical_volume": 3635975.0, "trend": 1.495979, "fair_value": 2.026705, "relative_strength": -5.966135, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.787911, "energy": 4.216677, "activity_lines": [ 1.470283, 1.468104, 1.465627, 1.469264 ] }, { "date": "2023-12-22", "close": 1.562395, "volume": 1776659, "typical_volume": 3667069.5, "trend": 1.491299, "fair_value": 2.020975, "relative_strength": -4.567577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.88426, "energy": 14.664559, "activity_lines": [ 1.500276, 1.483882, 1.47595, 1.473549 ] }, { "date": "2023-12-29", "close": 1.596278, "volume": 1231026, "typical_volume": 3585532.85, "trend": 1.4875, "fair_value": 2.01617, "relative_strength": -2.531261, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.632995, "energy": 34.448516, "activity_lines": [ 1.537296, 1.506573, 1.489075, 1.480322 ] }, { "date": "2024-01-05", "close": 1.539806, "volume": 1601447, "typical_volume": 3538581.95, "trend": 1.482378, "fair_value": 2.009784, "relative_strength": -5.221735, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.240671, "energy": 44.921341, "activity_lines": [ 1.548591, 1.516806, 1.496129, 1.483696 ] }, { "date": "2024-01-12", "close": 1.505923, "volume": 3550282, "typical_volume": 3453130.1, "trend": 1.478305, "fair_value": 2.003947, "relative_strength": -6.271178, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.434998, "energy": 44.695631, "activity_lines": [ 1.541688, 1.518244, 1.49923, 1.485215 ] }, { "date": "2024-01-19", "close": 1.528512, "volume": 5269759, "typical_volume": 3627302.55, "trend": 1.478097, "fair_value": 1.998963, "relative_strength": -2.618973, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.990265, "energy": 34.323086, "activity_lines": [ 1.536041, 1.522899, 1.503899, 1.488455 ] }, { "date": "2024-01-26", "close": 1.628279, "volume": 2384132, "typical_volume": 3681946.8, "trend": 1.481899, "fair_value": 1.995217, "relative_strength": 1.47316, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.881261, "energy": 39.552216, "activity_lines": [ 1.563273, 1.544495, 1.51737, 1.498144 ] }, { "date": "2024-02-02", "close": 1.609455, "volume": 1738687, "typical_volume": 3606402.3, "trend": 1.485758, "fair_value": 1.990849, "relative_strength": 0.862619, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.050855, "energy": 41.448596, "activity_lines": [ 1.579839, 1.560307, 1.527795, 1.506373 ] }, { "date": "2024-02-09", "close": 1.537924, "volume": 1180244, "typical_volume": 3509910.9, "trend": 1.486798, "fair_value": 1.986298, "relative_strength": -2.805024, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.871249, "energy": 36.577247, "activity_lines": [ 1.571682, 1.560992, 1.530206, 1.509739 ] }, { "date": "2024-02-16", "close": 1.624514, "volume": 893178, "typical_volume": 3359492.45, "trend": 1.490536, "fair_value": 1.981389, "relative_strength": 0.950735, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.913421, "energy": 50.950989, "activity_lines": [ 1.592513, 1.575572, 1.540505, 1.518624 ] }, { "date": "2024-02-23", "close": 1.536041, "volume": 1800997, "typical_volume": 3275532.3, "trend": 1.491637, "fair_value": 1.976845, "relative_strength": -4.211055, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.284657, "energy": 27.652498, "activity_lines": [ 1.575948, 1.570198, 1.541895, 1.521559 ] }, { "date": "2024-03-01", "close": 1.616985, "volume": 3300467, "typical_volume": 3189798.25, "trend": 1.496432, "fair_value": 1.972477, "relative_strength": 1.283369, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.196899, "energy": 29.616763, "activity_lines": [ 1.585862, 1.579302, 1.551011, 1.529646 ] }, { "date": "2024-03-08", "close": 1.675339, "volume": 1243988, "typical_volume": 3095573.45, "trend": 1.503919, "fair_value": 1.968964, "relative_strength": 5.311216, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.375196, "energy": 43.948856, "activity_lines": [ 1.615981, 1.598024, 1.565622, 1.541189 ] }, { "date": "2024-03-15", "close": 1.615102, "volume": 3610283, "typical_volume": 2965261.0, "trend": 1.511514, "fair_value": 1.965566, "relative_strength": 0.861373, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.346112, "energy": 34.694974, "activity_lines": [ 1.621628, 1.604355, 1.573546, 1.548362 ] }, { "date": "2024-03-22", "close": 1.662162, "volume": 3034212, "typical_volume": 2911487.1, "trend": 1.520802, "fair_value": 1.961831, "relative_strength": 1.269839, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.935683, "energy": 49.616462, "activity_lines": [ 1.637816, 1.617874, 1.584903, 1.558081 ] }, { "date": "2024-03-29", "close": 1.654633, "volume": 4013829, "typical_volume": 2865356.65, "trend": 1.529901, "fair_value": 1.958293, "relative_strength": 0.791712, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.091154, "energy": 49.257292, "activity_lines": [ 1.648985, 1.627184, 1.594566, 1.566715 ] }, { "date": "2024-04-05", "close": 1.716752, "volume": 5706579, "typical_volume": 2818932.15, "trend": 1.541631, "fair_value": 1.95481, "relative_strength": 5.258416, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.929502, "energy": 53.127448, "activity_lines": [ 1.672955, 1.645494, 1.609231, 1.57877 ] }, { "date": "2024-04-12", "close": 1.70734, "volume": 2740603, "typical_volume": 2752630.05, "trend": 1.553297, "fair_value": 1.950849, "relative_strength": 3.768338, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.233904, "energy": 58.611701, "activity_lines": [ 1.687136, 1.660485, 1.62196, 1.589461 ] }, { "date": "2024-04-19", "close": 1.641456, "volume": 3882539, "typical_volume": 2679291.3, "trend": 1.559258, "fair_value": 1.946326, "relative_strength": 1.219731, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.567078, "energy": 45.679934, "activity_lines": [ 1.677222, 1.661717, 1.627392, 1.595149 ] }, { "date": "2024-04-26", "close": 1.598161, "volume": 3686299, "typical_volume": 2778030.1, "trend": 1.561767, "fair_value": 1.940781, "relative_strength": -3.977386, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.243118, "energy": 28.254237, "activity_lines": [ 1.651119, 1.653195, 1.627723, 1.597659 ] }, { "date": "2024-05-03", "close": 1.71487, "volume": 2906535, "typical_volume": 2777587.25, "trend": 1.567603, "fair_value": 1.935984, "relative_strength": 2.497506, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.288515, "energy": 33.743343, "activity_lines": [ 1.668186, 1.666372, 1.638283, 1.607536 ] }, { "date": "2024-05-10", "close": 1.788283, "volume": 3339960, "typical_volume": 2855752.3, "trend": 1.573752, "fair_value": 1.93208, "relative_strength": 4.350156, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.851066, "energy": 41.819292, "activity_lines": [ 1.705709, 1.689645, 1.65492, 1.621774 ] }, { "date": "2024-05-17", "close": 1.760446, "volume": 2451904, "typical_volume": 2916796.2, "trend": 1.58324, "fair_value": 1.927625, "relative_strength": 3.105197, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.025785, "energy": 48.615931, "activity_lines": [ 1.729183, 1.704743, 1.66783, 1.633818 ] }, { "date": "2024-05-24", "close": 1.58688, "volume": 2505106, "typical_volume": 2961979.15, "trend": 1.589641, "fair_value": 1.922281, "relative_strength": -5.621997, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.425325, "energy": 28.771401, "activity_lines": [ 1.691262, 1.686736, 1.663428, 1.634053 ] }, { "date": "2024-05-31", "close": 1.573529, "volume": 3937301, "typical_volume": 2981330.1, "trend": 1.593526, "fair_value": 1.916776, "relative_strength": -5.627528, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.879965, "energy": 11.621315, "activity_lines": [ 1.652529, 1.666814, 1.65753, 1.633014 ] }, { "date": "2024-06-07", "close": 1.634563, "volume": 2439154, "typical_volume": 2839799.85, "trend": 1.599257, "fair_value": 1.91134, "relative_strength": -1.368465, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.087262, "energy": 16.470714, "activity_lines": [ 1.635783, 1.659601, 1.657124, 1.635661 ] }, { "date": "2024-06-14", "close": 1.621212, "volume": 11925038, "typical_volume": 3316845.15, "trend": 1.603351, "fair_value": 1.905223, "relative_strength": -0.858218, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.261677, "energy": 17.72485, "activity_lines": [ 1.61994, 1.650325, 1.65494, 1.637078 ] }, { "date": "2024-06-21", "close": 1.573529, "volume": 3059112, "typical_volume": 3382866.4, "trend": 1.606044, "fair_value": 1.899471, "relative_strength": -4.700939, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.974789, "energy": 22.543698, "activity_lines": [ 1.599341, 1.634117, 1.64825, 1.635154 ] }, { "date": "2024-06-28", "close": 1.514403, "volume": 3014933, "typical_volume": 3474600.85, "trend": 1.608648, "fair_value": 1.894804, "relative_strength": -7.316665, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.153751, "energy": 40.537543, "activity_lines": [ 1.571495, 1.609592, 1.636099, 1.629242 ] }, { "date": "2024-07-05", "close": 1.567807, "volume": 2679706, "typical_volume": 3563927.25, "trend": 1.613848, "fair_value": 1.890206, "relative_strength": -4.378492, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.32919, "energy": 37.218491, "activity_lines": [ 1.566281, 1.597086, 1.629146, 1.626607 ] }, { "date": "2024-07-12", "close": 1.573529, "volume": 1570492, "typical_volume": 3552402.0, "trend": 1.615537, "fair_value": 1.886465, "relative_strength": -4.488995, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.809903, "energy": 34.750837, "activity_lines": [ 1.563357, 1.586173, 1.623008, 1.624005 ] }, { "date": "2024-07-19", "close": 1.554456, "volume": 1456838, "typical_volume": 3460220.55, "trend": 1.615272, "fair_value": 1.88203, "relative_strength": -4.460139, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.854279, "energy": 29.978416, "activity_lines": [ 1.558143, 1.574361, 1.614876, 1.620065 ] }, { "date": "2024-07-26", "close": 1.588788, "volume": 2691753, "typical_volume": 3532608.8, "trend": 1.615023, "fair_value": 1.878138, "relative_strength": -3.848843, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.648652, "energy": 17.727151, "activity_lines": [ 1.568825, 1.573044, 1.610311, 1.618356 ] }, { "date": "2024-08-02", "close": 1.531569, "volume": 3029341, "typical_volume": 3503561.7, "trend": 1.614748, "fair_value": 1.873903, "relative_strength": -5.986075, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.186884, "energy": 29.96999, "activity_lines": [ 1.559415, 1.564444, 1.600708, 1.612972 ] }, { "date": "2024-08-09", "close": 1.522032, "volume": 1951051, "typical_volume": 3449403.65, "trend": 1.615285, "fair_value": 1.869286, "relative_strength": -6.437579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.55983, "energy": 33.178399, "activity_lines": [ 1.545683, 1.555115, 1.590595, 1.60699 ] }, { "date": "2024-08-16", "close": 1.625026, "volume": 2057799, "typical_volume": 3351602.15, "trend": 1.618502, "fair_value": 1.865651, "relative_strength": -1.871264, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.112876, "energy": 17.33045, "activity_lines": [ 1.569333, 1.565449, 1.590958, 1.607619 ] }, { "date": "2024-08-23", "close": 1.687968, "volume": 5156433, "typical_volume": 3324094.85, "trend": 1.620492, "fair_value": 1.862121, "relative_strength": 1.58994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.237256, "energy": 9.057246, "activity_lines": [ 1.610531, 1.587401, 1.597457, 1.6121 ] }, { "date": "2024-08-30", "close": 1.680338, "volume": 2936825, "typical_volume": 3333905.95, "trend": 1.622855, "fair_value": 1.858245, "relative_strength": 0.391562, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.6181, "energy": 19.797531, "activity_lines": [ 1.640285, 1.606751, 1.603366, 1.615961 ] }, { "date": "2024-09-06", "close": 1.560178, "volume": 2503805, "typical_volume": 3264969.25, "trend": 1.623596, "fair_value": 1.854492, "relative_strength": -4.639715, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.720088, "energy": 13.275012, "activity_lines": [ 1.623882, 1.602312, 1.59796, 1.611918 ] }, { "date": "2024-09-13", "close": 1.592602, "volume": 1336082, "typical_volume": 3147458.4, "trend": 1.622533, "fair_value": 1.851345, "relative_strength": -3.888014, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.280688, "energy": 13.781696, "activity_lines": [ 1.61638, 1.602936, 1.596029, 1.609918 ] }, { "date": "2024-09-20", "close": 1.431551, "volume": 14570878, "typical_volume": 3730675.55, "trend": 1.61905, "fair_value": 1.847061, "relative_strength": -13.017837, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.757705, "energy": 37.563518, "activity_lines": [ 1.550489, 1.573828, 1.578786, 1.597597 ] }, { "date": "2024-09-27", "close": 1.47773, "volume": 2280130, "typical_volume": 3677684.05, "trend": 1.614408, "fair_value": 1.843199, "relative_strength": -10.998603, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.017728, "energy": 48.263504, "activity_lines": [ 1.51289, 1.555697, 1.567291, 1.588479 ] }, { "date": "2024-10-04", "close": 1.470034, "volume": 2582056, "typical_volume": 3684191.65, "trend": 1.607564, "fair_value": 1.839313, "relative_strength": -10.792185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.377686, "energy": 58.451859, "activity_lines": [ 1.486742, 1.537561, 1.556541, 1.579165 ] }, { "date": "2024-10-11", "close": 1.448868, "volume": 2814316, "typical_volume": 3699652.15, "trend": 1.602023, "fair_value": 1.835741, "relative_strength": -11.486456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.590692, "energy": 65.087917, "activity_lines": [ 1.467558, 1.517737, 1.545158, 1.568926 ] }, { "date": "2024-10-18", "close": 1.464261, "volume": 2164951, "typical_volume": 3611034.65, "trend": 1.595426, "fair_value": 1.831893, "relative_strength": -11.457854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.978632, "energy": 56.444603, "activity_lines": [ 1.460926, 1.502215, 1.535899, 1.560039 ] }, { "date": "2024-10-25", "close": 1.471958, "volume": 1796265, "typical_volume": 3578890.2, "trend": 1.589337, "fair_value": 1.826793, "relative_strength": -9.698011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.120314, "energy": 41.999007, "activity_lines": [ 1.465416, 1.489142, 1.527892, 1.552073 ] }, { "date": "2024-11-01", "close": 1.44502, "volume": 2886094, "typical_volume": 3126943.0, "trend": 1.58028, "fair_value": 1.820795, "relative_strength": -10.40257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.041192, "energy": 37.487539, "activity_lines": [ 1.458232, 1.473955, 1.518095, 1.542762 ] }, { "date": "2024-11-08", "close": 1.498895, "volume": 3027432, "typical_volume": 3125359.0, "trend": 1.573331, "fair_value": 1.814942, "relative_strength": -5.735769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.966631, "energy": 29.835157, "activity_lines": [ 1.471188, 1.472981, 1.514268, 1.537511 ] }, { "date": "2024-11-15", "close": 1.479654, "volume": 4848087, "typical_volume": 3217016.7, "trend": 1.567938, "fair_value": 1.808665, "relative_strength": -6.696946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.74766, "energy": 22.940535, "activity_lines": [ 1.475806, 1.471807, 1.508963, 1.531468 ] }, { "date": "2024-11-22", "close": 1.443096, "volume": 1046197, "typical_volume": 3135341.25, "trend": 1.562769, "fair_value": 1.802455, "relative_strength": -10.973586, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -43.843059, "energy": 25.205754, "activity_lines": [ 1.466185, 1.465451, 1.500343, 1.523413 ] }, { "date": "2024-11-29", "close": 1.393068, "volume": 1338549, "typical_volume": 3123744.1, "trend": 1.552042, "fair_value": 1.795748, "relative_strength": -14.13049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.832324, "energy": 33.446345, "activity_lines": [ 1.4413, 1.452716, 1.487551, 1.512465 ] }, { "date": "2024-12-06", "close": 1.420006, "volume": 4125299, "typical_volume": 3257167.15, "trend": 1.539767, "fair_value": 1.788989, "relative_strength": -12.557184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.572242, "energy": 40.762822, "activity_lines": [ 1.430653, 1.44558, 1.478185, 1.503946 ] }, { "date": "2024-12-13", "close": 1.352662, "volume": 1759605, "typical_volume": 3210559.75, "trend": 1.526174, "fair_value": 1.781348, "relative_strength": -16.307673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.313586, "energy": 57.595192, "activity_lines": [ 1.399226, 1.427248, 1.463045, 1.491875 ] }, { "date": "2024-12-20", "close": 1.254531, "volume": 3819049, "typical_volume": 3250045.15, "trend": 1.515095, "fair_value": 1.773128, "relative_strength": -19.930336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.454287, "energy": 82.900881, "activity_lines": [ 1.344837, 1.393208, 1.439683, 1.47435 ] }, { "date": "2024-12-27", "close": 1.266076, "volume": 555257, "typical_volume": 3180255.45, "trend": 1.504847, "fair_value": 1.763982, "relative_strength": -19.431669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.152974, "energy": 86.541784, "activity_lines": [ 1.309305, 1.364801, 1.418741, 1.458284 ] }, { "date": "2025-01-03", "close": 1.254531, "volume": 814528, "typical_volume": 3118091.9, "trend": 1.492179, "fair_value": 1.75416, "relative_strength": -20.508469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.926871, "energy": 88.608122, "activity_lines": [ 1.281725, 1.337898, 1.397917, 1.442135 ] }, { "date": "2025-01-10", "close": 1.160249, "volume": 2356719, "typical_volume": 2978106.2, "trend": 1.476814, "fair_value": 1.74401, "relative_strength": -26.280977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.044953, "energy": 93.777167, "activity_lines": [ 1.231955, 1.297807, 1.369879, 1.42072 ] }, { "date": "2025-01-17", "close": 1.187187, "volume": 3283791, "typical_volume": 2995454.5, "trend": 1.463936, "fair_value": 1.734608, "relative_strength": -26.361693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.764932, "energy": 87.865099, "activity_lines": [ 1.20848, 1.26779, 1.346919, 1.402034 ] }, { "date": "2025-01-24", "close": 1.144856, "volume": 3290917, "typical_volume": 3034810.1, "trend": 1.451618, "fair_value": 1.725109, "relative_strength": -28.392904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.077715, "energy": 86.311793, "activity_lines": [ 1.181928, 1.235745, 1.322276, 1.381448 ] }, { "date": "2025-01-31", "close": 1.198731, "volume": 3327480, "typical_volume": 3134380.0, "trend": 1.439315, "fair_value": 1.716157, "relative_strength": -25.952597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.039018, "energy": 71.863762, "activity_lines": [ 1.180645, 1.219582, 1.304742, 1.365133 ] }, { "date": "2025-02-07", "close": 1.194883, "volume": 5291429, "typical_volume": 2670407.55, "trend": 1.426693, "fair_value": 1.707379, "relative_strength": -25.913133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.546086, "energy": 61.349168, "activity_lines": [ 1.182569, 1.207163, 1.288716, 1.349363 ] }, { "date": "2025-02-14", "close": 1.192959, "volume": 7131110, "typical_volume": 2912956.55, "trend": 1.414644, "fair_value": 1.69934, "relative_strength": -25.732994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.199673, "energy": 57.30595, "activity_lines": [ 1.187828, 1.197997, 1.273635, 1.334284 ] }, { "date": "2025-02-21", "close": 1.141008, "volume": 5122846, "typical_volume": 3039996.05, "trend": 1.399718, "fair_value": 1.691643, "relative_strength": -27.858014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.660699, "energy": 58.842206, "activity_lines": [ 1.17359, 1.183513, 1.254962, 1.31663 ] }, { "date": "2025-02-28", "close": 1.121766, "volume": 15901786, "typical_volume": 3694369.55, "trend": 1.386057, "fair_value": 1.685149, "relative_strength": -29.668972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.683452, "energy": 60.335613, "activity_lines": [ 1.156016, 1.16938, 1.236023, 1.298697 ] }, { "date": "2025-03-07", "close": 1.133311, "volume": 14492115, "typical_volume": 4310727.75, "trend": 1.3731, "fair_value": 1.678454, "relative_strength": -27.200916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.123317, "energy": 57.054898, "activity_lines": [ 1.14383, 1.159759, 1.219741, 1.282391 ] }, { "date": "2025-03-14", "close": 1.139084, "volume": 7985618, "typical_volume": 4620195.4, "trend": 1.356902, "fair_value": 1.670044, "relative_strength": -25.813683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.970902, "energy": 56.353706, "activity_lines": [ 1.137929, 1.153602, 1.205585, 1.267293 ] }, { "date": "2025-03-21", "close": 1.000546, "volume": 18211325, "typical_volume": 5386456.95, "trend": 1.333988, "fair_value": 1.660471, "relative_strength": -34.278686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.13275, "energy": 75.726952, "activity_lines": [ 1.089569, 1.124355, 1.17982, 1.244303 ] }, { "date": "2025-03-28", "close": 0.987077, "volume": 9968138, "typical_volume": 5733492.25, "trend": 1.310879, "fair_value": 1.650762, "relative_strength": -34.581881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.367368, "energy": 84.092026, "activity_lines": [ 1.049547, 1.095563, 1.154889, 1.221921 ] }, { "date": "2025-04-04", "close": 0.925505, "volume": 5938825, "typical_volume": 5788029.15, "trend": 1.289724, "fair_value": 1.639932, "relative_strength": -33.312498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.822632, "energy": 91.660116, "activity_lines": [ 0.999263, 1.059215, 1.126531, 1.197058 ] }, { "date": "2025-04-11", "close": 0.894719, "volume": 10069073, "typical_volume": 6239172.95, "trend": 1.266461, "fair_value": 1.629056, "relative_strength": -34.050902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.00493, "energy": 93.886557, "activity_lines": [ 0.951801, 1.021257, 1.09788, 1.171574 ] }, { "date": "2025-04-18", "close": 0.887985, "volume": 3625731, "typical_volume": 6353532.05, "trend": 1.248342, "fair_value": 1.618439, "relative_strength": -36.287441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.264729, "energy": 91.548354, "activity_lines": [ 0.918001, 0.987602, 1.071198, 1.147156 ] }, { "date": "2025-04-25", "close": 0.877402, "volume": 8332257, "typical_volume": 6563879.95, "trend": 1.228331, "fair_value": 1.608134, "relative_strength": -37.433256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.57558, "energy": 90.62879, "activity_lines": [ 0.897413, 0.957603, 1.045914, 1.123225 ] }, { "date": "2025-05-02", "close": 0.892795, "volume": 4047793, "typical_volume": 6678289.35, "trend": 1.20909, "fair_value": 1.59889, "relative_strength": -36.912889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.138615, "energy": 85.789235, "activity_lines": [ 0.890165, 0.93614, 1.02468, 1.101577 ] }, { "date": "2025-05-09", "close": 0.92743, "volume": 1645188, "typical_volume": 6569596.3, "trend": 1.191708, "fair_value": 1.589742, "relative_strength": -33.339869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.044961, "energy": 65.735892, "activity_lines": [ 0.900748, 0.925488, 1.008935, 1.083406 ] }, { "date": "2025-05-16", "close": 0.968695, "volume": 3201013, "typical_volume": 6701884.1, "trend": 1.175189, "fair_value": 1.580604, "relative_strength": -30.614327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.451464, "energy": 59.541309, "activity_lines": [ 0.924958, 0.925871, 0.998676, 1.069018 ] }, { "date": "2025-05-23", "close": 0.946213, "volume": 3136004, "typical_volume": 6817957.9, "trend": 1.157665, "fair_value": 1.570462, "relative_strength": -31.813416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.949463, "energy": 47.128062, "activity_lines": [ 0.936742, 0.92516, 0.987693, 1.054245 ] }, { "date": "2025-05-30", "close": 0.942303, "volume": 2150970, "typical_volume": 6807670.45, "trend": 1.140907, "fair_value": 1.560472, "relative_strength": -31.834976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.549548, "energy": 38.657235, "activity_lines": [ 0.94334, 0.927245, 0.977806, 1.040351 ] }, { "date": "2025-06-06", "close": 0.973583, "volume": 4936442, "typical_volume": 6890303.0, "trend": 1.123397, "fair_value": 1.550986, "relative_strength": -29.33461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.799879, "energy": 30.11164, "activity_lines": [ 0.956039, 0.936076, 0.971936, 1.029556 ] }, { "date": "2025-06-13", "close": 0.97065, "volume": 4642431, "typical_volume": 6957878.7, "trend": 1.10643, "fair_value": 1.5429, "relative_strength": -28.864709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.858004, "energy": 26.75282, "activity_lines": [ 0.962374, 0.944619, 0.966803, 1.019701 ] }, { "date": "2025-06-20", "close": 0.957943, "volume": 2267843, "typical_volume": 6904896.85, "trend": 1.090258, "fair_value": 1.535365, "relative_strength": -28.45834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.743791, "energy": 25.163065, "activity_lines": [ 0.961592, 0.950031, 0.96129, 1.010121 ] }, { "date": "2025-06-27", "close": 1.067422, "volume": 2870682, "typical_volume": 6783859.5, "trend": 1.079404, "fair_value": 1.529697, "relative_strength": -19.853157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.335582, "energy": 14.670094, "activity_lines": [ 0.99802, 0.974199, 0.96735, 1.008648 ] }, { "date": "2025-07-04", "close": 1.124117, "volume": 7210903, "typical_volume": 6787849.15, "trend": 1.069541, "fair_value": 1.524165, "relative_strength": -15.139091, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 22.448342, "energy": 32.200923, "activity_lines": [ 1.045266, 1.005412, 0.979416, 1.011533 ] }, { "date": "2025-07-11", "close": 1.075242, "volume": 2727413, "typical_volume": 6668077.5, "trend": 1.060293, "fair_value": 1.519307, "relative_strength": -19.172889, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.142461, "energy": 40.053766, "activity_lines": [ 1.064099, 1.023253, 0.987155, 1.011901 ] }, { "date": "2025-07-18", "close": 1.018547, "volume": 9202100, "typical_volume": 6333093.2, "trend": 1.052427, "fair_value": 1.513325, "relative_strength": -23.100385, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.897723, "energy": 32.091269, "activity_lines": [ 1.057256, 1.027469, 0.989809, 1.009207 ] }, { "date": "2025-07-25", "close": 1.042007, "volume": 2928996, "typical_volume": 5754937.25, "trend": 1.044958, "fair_value": 1.507444, "relative_strength": -21.642182, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.14522, "energy": 32.887267, "activity_lines": [ 1.05504, 1.034294, 0.995187, 1.008535 ] }, { "date": "2025-08-01", "close": 1.006817, "volume": 3779634, "typical_volume": 5544638.05, "trend": 1.036701, "fair_value": 1.501565, "relative_strength": -23.082424, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -5.825431, "energy": 9.143857, "activity_lines": [ 1.03549, 1.033387, 0.99765, 1.006074 ] }, { "date": "2025-08-08", "close": 1.016592, "volume": 3539766, "typical_volume": 4811060.1, "trend": 1.031913, "fair_value": 1.495495, "relative_strength": -21.78999, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.957409, "energy": 6.503958, "activity_lines": [ 1.023239, 1.033156, 1.001673, 1.004777 ] }, { "date": "2025-08-15", "close": 0.967718, "volume": 2349998, "typical_volume": 4430153.1, "trend": 1.024597, "fair_value": 1.489821, "relative_strength": -24.997347, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.783881, "energy": 17.65245, "activity_lines": [ 1.001865, 1.022688, 1.000965, 1.000635 ] }, { "date": "2025-08-22", "close": 1.036142, "volume": 5009123, "typical_volume": 4383668.0, "trend": 1.020973, "fair_value": 1.486105, "relative_strength": -20.272397, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.276401, "energy": 8.828178, "activity_lines": [ 1.010467, 1.024768, 1.006865, 1.00138 ] }, { "date": "2025-08-29", "close": 0.983358, "volume": 1935323, "typical_volume": 3976980.5, "trend": 1.013794, "fair_value": 1.48236, "relative_strength": -22.225778, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.084774, "energy": 9.011449, "activity_lines": [ 1.000301, 1.016059, 1.007212, 0.998953 ] }, { "date": "2025-09-05", "close": 0.967718, "volume": 2459916, "typical_volume": 3918689.75, "trend": 1.006222, "fair_value": 1.478555, "relative_strength": -22.71197, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.750121, "energy": 21.901424, "activity_lines": [ 0.988832, 1.004045, 1.005648, 0.995981 ] }, { "date": "2025-09-12", "close": 0.928618, "volume": 1672498, "typical_volume": 3585701.8, "trend": 0.99741, "fair_value": 1.474712, "relative_strength": -25.459869, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.355557, "energy": 27.045774, "activity_lines": [ 0.966936, 0.986734, 0.999979, 0.990974 ] }, { "date": "2025-09-19", "close": 0.995327, "volume": 13250597, "typical_volume": 4045842.0, "trend": 0.992554, "fair_value": 1.471489, "relative_strength": -18.760027, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.492632, "energy": 19.713012, "activity_lines": [ 0.973141, 0.985107, 1.00042, 0.99084 ] }, { "date": "2025-09-26", "close": 1.020949, "volume": 3231855, "typical_volume": 4125175.35, "trend": 0.989194, "fair_value": 1.468676, "relative_strength": -16.462524, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.41614, "energy": 6.954042, "activity_lines": [ 0.986047, 0.989592, 1.002813, 0.992672 ] }, { "date": "2025-10-03", "close": 1.113584, "volume": 2256689, "typical_volume": 4077959.15, "trend": 0.988536, "fair_value": 1.464592, "relative_strength": -10.074314, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.398188, "energy": 34.984218, "activity_lines": [ 1.030843, 1.010875, 1.013584, 1.000697 ] }, { "date": "2025-10-10", "close": 1.056426, "volume": 2170304, "typical_volume": 4029674.15, "trend": 0.985781, "fair_value": 1.461038, "relative_strength": -13.301433, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.134483, "energy": 41.611585, "activity_lines": [ 1.047906, 1.020465, 1.01822, 1.005077 ] }, { "date": "2025-10-17", "close": 1.070223, "volume": 1671952, "typical_volume": 4005723.25, "trend": 0.988104, "fair_value": 1.457086, "relative_strength": -10.676898, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.609565, "energy": 58.597346, "activity_lines": [ 1.063653, 1.031661, 1.023646, 1.010525 ] }, { "date": "2025-10-24", "close": 1.107671, "volume": 2267885, "typical_volume": 3872295.4, "trend": 0.992123, "fair_value": 1.452656, "relative_strength": -9.475961, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.686281, "energy": 68.320923, "activity_lines": [ 1.082443, 1.048691, 1.032029, 1.018239 ] }, { "date": "2025-10-31", "close": 0.95985, "volume": 4723241, "typical_volume": 3876335.9, "trend": 0.993268, "fair_value": 1.447407, "relative_strength": -21.204454, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.914393, "energy": 21.16467, "activity_lines": [ 1.044469, 1.0363, 1.025695, 1.016156 ] }, { "date": "2025-11-07", "close": 0.91846, "volume": 4727610, "typical_volume": 3999324.25, "trend": 0.99406, "fair_value": 1.441252, "relative_strength": -23.262835, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.240016, "energy": 9.212332, "activity_lines": [ 0.996772, 1.017771, 1.015471, 1.01133 ] }, { "date": "2025-11-14", "close": 0.911562, "volume": 3867703, "typical_volume": 4049175.3, "trend": 0.994845, "fair_value": 1.435309, "relative_strength": -22.88949, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.636005, "energy": 30.767184, "activity_lines": [ 0.959784, 0.999167, 1.004778, 1.006008 ] }, { "date": "2025-11-21", "close": 0.917475, "volume": 6504292, "typical_volume": 4013844.75, "trend": 0.996181, "fair_value": 1.428277, "relative_strength": -20.108864, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.194383, "energy": 38.841174, "activity_lines": [ 0.934425, 0.982659, 0.99539, 1.001016 ] }, { "date": "2025-11-28", "close": 0.965763, "volume": 6365189, "typical_volume": 4195733.55, "trend": 0.998613, "fair_value": 1.421657, "relative_strength": -16.551855, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.399383, "energy": 49.575798, "activity_lines": [ 0.935345, 0.975134, 0.991585, 0.999054 ] }, { "date": "2025-12-05", "close": 0.991385, "volume": 3817899, "typical_volume": 3926523.5, "trend": 1.000745, "fair_value": 1.416174, "relative_strength": -12.902246, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.62397, "energy": 47.308411, "activity_lines": [ 0.954266, 0.972805, 0.990742, 0.998587 ] }, { "date": "2025-12-12", "close": 0.98153, "volume": 3432810, "typical_volume": 3951714.2, "trend": 1.001173, "fair_value": 1.410808, "relative_strength": -12.734328, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.866518, "energy": 24.871237, "activity_lines": [ 0.967799, 0.969221, 0.989089, 0.997348 ] }, { "date": "2025-12-19", "close": 0.965763, "volume": 2206754, "typical_volume": 3873070.2, "trend": 1.001825, "fair_value": 1.404623, "relative_strength": -15.488057, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.550855, "energy": 16.11744, "activity_lines": [ 0.971873, 0.965172, 0.986223, 0.995063 ] }, { "date": "2025-12-26", "close": 0.947039, "volume": 546045, "typical_volume": 3723384.15, "trend": 1.001983, "fair_value": 1.398574, "relative_strength": -16.071952, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.653996, "energy": 18.099183, "activity_lines": [ 0.966091, 0.959366, 0.981769, 0.991528 ] }, { "date": "2026-01-02", "close": 0.946053, "volume": 662068, "typical_volume": 3638987.65, "trend": 1.001065, "fair_value": 1.393467, "relative_strength": -16.0248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.617427, "energy": 23.013881, "activity_lines": [ 0.95801, 0.955621, 0.977552, 0.98792 ] }, { "date": "2026-01-09", "close": 0.936199, "volume": 4753061, "typical_volume": 3626184.55, "trend": 0.999917, "fair_value": 1.388067, "relative_strength": -17.649367, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.582249, "energy": 36.983415, "activity_lines": [ 0.947959, 0.953023, 0.9725, 0.983735 ] }, { "date": "2026-01-16", "close": 1.018978, "volume": 12031010, "typical_volume": 4130968.9, "trend": 1.001951, "fair_value": 1.383453, "relative_strength": -10.725291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.898159, "energy": 12.825189, "activity_lines": [ 0.969179, 0.965906, 0.975808, 0.984965 ] }, { "date": "2026-01-23", "close": 1.044601, "volume": 8297416, "typical_volume": 4422843.9, "trend": 1.00119, "fair_value": 1.379055, "relative_strength": -7.144149, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.595883, "energy": 7.249071, "activity_lines": [ 0.996444, 0.98162, 0.981386, 0.987716 ] }, { "date": "2026-01-30", "close": 0.995327, "volume": 3456107, "typical_volume": 4512024.35, "trend": 0.996897, "fair_value": 1.373059, "relative_strength": -11.591283, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.782525, "energy": 14.064853, "activity_lines": [ 1.002028, 0.985956, 0.981906, 0.987338 ] }, { "date": "2026-02-06", "close": 1.02292, "volume": 3040243, "typical_volume": 4001506.65, "trend": 0.995153, "fair_value": 1.36783, "relative_strength": -9.812873, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.563289, "energy": 23.855981, "activity_lines": [ 1.013591, 0.993894, 0.984736, 0.989017 ] }, { "date": "2026-02-13", "close": 1.054455, "volume": 3012741, "typical_volume": 3990550.95, "trend": 0.99635, "fair_value": 1.363034, "relative_strength": -7.131796, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.962572, "energy": 42.528079, "activity_lines": [ 1.030541, 1.006525, 0.990437, 0.992843 ] }, { "date": "2026-02-20", "close": 1.070223, "volume": 3239672, "typical_volume": 4039700.1, "trend": 0.997291, "fair_value": 1.358287, "relative_strength": -7.345862, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.470384, "energy": 56.934267, "activity_lines": [ 1.044863, 1.020878, 0.997481, 0.997609 ] }, { "date": "2026-02-27", "close": 1.046571, "volume": 5020724, "typical_volume": 4182221.1, "trend": 0.998616, "fair_value": 1.353543, "relative_strength": -10.752439, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.310678, "energy": 56.131991, "activity_lines": [ 1.047885, 1.029317, 1.002479, 1.000788 ] }, { "date": "2026-03-06", "close": 0.932257, "volume": 4331458, "typical_volume": 4315196.4, "trend": 0.995805, "fair_value": 1.348348, "relative_strength": -15.056626, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.646736, "energy": 13.046343, "activity_lines": [ 1.012671, 1.015502, 0.996636, 0.996507 ] }, { "date": "2026-03-13", "close": 0.920431, "volume": 6001153, "typical_volume": 4501859.8, "trend": 0.994229, "fair_value": 1.343281, "relative_strength": -15.296256, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.661126, "energy": 20.117583, "activity_lines": [ 0.97772, 0.999806, 0.990324, 0.991644 ] }, { "date": "2026-03-20", "close": 0.905649, "volume": 6291984, "typical_volume": 4580296.95, "trend": 0.989879, "fair_value": 1.338466, "relative_strength": -13.391408, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.201739, "energy": 43.081113, "activity_lines": [ 0.944674, 0.981889, 0.983497, 0.985929 ] }, { "date": "2026-03-27", "close": 0.882983, "volume": 4998416, "typical_volume": 4593837.25, "trend": 0.986533, "fair_value": 1.332612, "relative_strength": -15.58372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.286703, "energy": 56.947092, "activity_lines": [ 0.913993, 0.960405, 0.974768, 0.979033 ] }, { "date": "2026-04-03", "close": 0.892838, "volume": 2472909, "typical_volume": 4524097.55, "trend": 0.984037, "fair_value": 1.326881, "relative_strength": -18.035876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.695922, "energy": 68.579874, "activity_lines": [ 0.899079, 0.943186, 0.967147, 0.972988 ] }, { "date": "2026-04-10", "close": 0.927329, "volume": 2730792, "typical_volume": 4335422.55, "trend": 0.983994, "fair_value": 1.321049, "relative_strength": -15.802503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.853834, "energy": 61.298223, "activity_lines": [ 0.905912, 0.934998, 0.9629, 0.96933 ] }, { "date": "2026-04-17", "close": 0.850463, "volume": 13590248, "typical_volume": 4696675.5, "trend": 0.979165, "fair_value": 1.314903, "relative_strength": -22.873647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.513797, "energy": 64.119993, "activity_lines": [ 0.887451, 0.91407, 0.951286, 0.960715 ] }, { "date": "2026-04-24", "close": 0.82484, "volume": 9406590, "typical_volume": 4976110.05, "trend": 0.972628, "fair_value": 1.307897, "relative_strength": -22.761857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.898747, "energy": 63.966596, "activity_lines": [ 0.865113, 0.891619, 0.93778, 0.950758 ] }, { "date": "2026-05-01", "close": 0.805131, "volume": 2293688, "typical_volume": 4919153.95, "trend": 0.962346, "fair_value": 1.300645, "relative_strength": -24.125711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.959697, "energy": 71.541733, "activity_lines": [ 0.841593, 0.86976, 0.92319, 0.939952 ] }, { "date": "2026-05-08", "close": 0.827797, "volume": 1787036, "typical_volume": 4898168.05, "trend": 0.954726, "fair_value": 1.294116, "relative_strength": -20.582117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.748619, "energy": 72.624848, "activity_lines": [ 0.830819, 0.856841, 0.911599, 0.931271 ] }, { "date": "2026-05-15", "close": 0.816, "volume": 2362946, "typical_volume": 4989013.1, "trend": 0.946251, "fair_value": 1.287857, "relative_strength": -20.954251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.260816, "energy": 72.272216, "activity_lines": [ 0.820448, 0.845756, 0.899542, 0.922321 ] }, { "date": "2026-05-22", "close": 0.865, "volume": 4487829, "typical_volume": 5180301.15, "trend": 0.938162, "fair_value": 1.282486, "relative_strength": -17.973095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.496695, "energy": 46.912033, "activity_lines": [ 0.833833, 0.845693, 0.892775, 0.917079 ] }, { "date": "2026-05-29", "close": 0.889, "volume": 1516601, "typical_volume": 5018478.15, "trend": 0.935801, "fair_value": 1.277222, "relative_strength": -14.877938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.694201, "energy": 30.888927, "activity_lines": [ 0.854248, 0.851001, 0.88868, 0.913907 ] }, { "date": "2026-06-05", "close": 0.832, "volume": 2201993, "typical_volume": 4527027.3, "trend": 0.932919, "fair_value": 1.271699, "relative_strength": -19.557916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.759315, "energy": 30.700872, "activity_lines": [ 0.851386, 0.846249, 0.879381, 0.907211 ] }, { "date": "2026-06-12", "close": 0.852, "volume": 214035, "typical_volume": 4122858.25, "trend": 0.930933, "fair_value": 1.266724, "relative_strength": -17.99165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.686782, "energy": 23.460716, "activity_lines": [ 0.8534, 0.84606, 0.872877, 0.90199 ] }, { "date": "2026-06-19", "close": 0.83, "volume": 241466, "typical_volume": 3962126.2, "trend": 0.928017, "fair_value": 1.262207, "relative_strength": -18.815954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.568949, "energy": 29.431084, "activity_lines": [ 0.846467, 0.842613, 0.865195, 0.895478 ] }, { "date": "2026-06-26", "close": 0.816, "volume": 642114, "typical_volume": 3842219.75, "trend": 0.923025, "fair_value": 1.257731, "relative_strength": -20.608757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.389485, "energy": 44.056458, "activity_lines": [ 0.833933, 0.838391, 0.856967, 0.888251 ] }, { "date": "2026-07-03", "close": 0.848, "volume": 911715, "typical_volume": 3737168.45, "trend": 0.918246, "fair_value": 1.253592, "relative_strength": -18.043047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.939741, "energy": 35.481152, "activity_lines": [ 0.835333, 0.840613, 0.852772, 0.883411 ] }, { "date": "2026-07-10", "close": 0.826, "volume": 1572369, "typical_volume": 3653803.3, "trend": 0.913062, "fair_value": 1.249228, "relative_strength": -18.111812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.874858, "energy": 37.442654, "activity_lines": [ 0.832133, 0.838414, 0.847465, 0.87746 ] }, { "date": "2026-07-17", "close": 0.891, "volume": 2519652, "typical_volume": 3528749.7, "trend": 0.910569, "fair_value": 1.245245, "relative_strength": -12.012454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.129179, "energy": 18.343712, "activity_lines": [ 0.851, 0.847655, 0.849511, 0.876036 ] }, { "date": "2026-07-24", "close": 0.957, "volume": 1957820, "typical_volume": 3410067.8, "trend": 0.910901, "fair_value": 1.241745, "relative_strength": -6.216098, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.751684, "energy": 18.25844, "activity_lines": [ 0.889267, 0.867745, 0.858584, 0.879032 ] }, { "date": "2026-07-31", "close": 1.042, "volume": 5579612, "typical_volume": 3388990.75, "trend": 0.9141, "fair_value": 1.238981, "relative_strength": 1.184494, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 43.311429, "energy": 49.595338, "activity_lines": [ 0.9474, 0.900727, 0.875634, 0.88749 ] }, { "date": "2026-08-07", "close": 1.14, "volume": 5131262, "typical_volume": 3330954.65, "trend": 0.920893, "fair_value": 1.236989, "relative_strength": 10.527046, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.600353, "energy": 75.60204, "activity_lines": [ 1.023133, 0.948309, 0.901438, 0.902064 ] } ], "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." } } }