{ "ticker": { "uuid": "c9197317-d216-462a-9130-427c69a0f4c5", "symbol": "WEN", "name": "The Wendy\u2019s Co", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 61.731, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 6.599, "architecture_energy": 4.9, "architecture_maturity": 35.944, "architecture_confidence": 42.955, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 67.2, "rotation_up": 28.07, "upward_expansion": 31.08, "deceleration": 62.27, "rotation_down": 32.37, "downward_expansion": 19.75 }, "activity_lines": [ 7.462, 7.519455, 7.401953, 7.32872 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 7.69, "trend_reference": 7.335522, "distance_from_trend": 0.048323, "trend_direction": "Weakening", "fair_value": 12.528692, "distance_from_fair_value": -0.386209, "fair_value_direction": "Improving", "relative_strength": -15.24719, "relative_strength_direction": "Improving", "price_momentum": -0.005682, "excess_performance": -0.193135, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048323, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.032094, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.386209, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.079856, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152472, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.164186, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.005682, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.514238, "read": "Demand-led" } ], "volume": { "latest": 46205447, "relative_activity": 0.675667, "balance": 3.514238, "dry_up": 0.577948, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.147798, "annualized_volatility": 0.48042, "from_high_reference": -0.241288, "from_low_reference": 0.266886 }, "levels": { "trend_reference": 7.335522, "fair_value_reference": 12.528692, "structural_low": 6.07, "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": 15, "median_return": -0.013793, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.024833, "regime_survival": 0.533333, "best_return": 0.141176, "worst_return": -0.113793, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.049224, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.093104, "regime_survival": 0.0, "best_return": 0.002239, "worst_return": -0.120976, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.080961, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.111542, "regime_survival": 0.4, "best_return": -0.021525, "worst_return": -0.104612, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.177103, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.482976, "regime_survival": 0.0, "best_return": -0.060485, "worst_return": -0.418584, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-01", "end": "2024-04-05", "tenure": "Developing", "return": 0.023307, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-12", "end": "2024-05-03", "tenure": "New", "return": 0.072043, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": -0.032105, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-05-31", "tenure": "New", "return": -0.018008, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-07-19", "tenure": "Developing", "return": 0.058788, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-08-02", "tenure": "New", "return": 0.00536, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-09-06", "tenure": "Developing", "return": 0.007461, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-13", "end": "2024-09-27", "tenure": "New", "return": 0.012521, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-01", "tenure": "Developing", "return": 0.115145, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2024-11-29", "tenure": "New", "return": -0.060389, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.056064, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": -0.115646, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2026-05-15", "tenure": "Extended", "return": -0.415524, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.002195, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.27473, "volume": 9956357, "typical_volume": 12406204.15, "trend": 18.182458, "fair_value": 17.421458, "relative_strength": -16.565515, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.504923, "energy": 31.827277, "activity_lines": [ 17.77746, 17.886162, 18.177293, 18.19291 ] }, { "date": "2023-08-25", "close": 16.889731, "volume": 11906004, "typical_volume": 12446302.7, "trend": 18.159318, "fair_value": 17.421357, "relative_strength": -19.61241, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.866648, "energy": 64.999742, "activity_lines": [ 17.446584, 17.683163, 18.041219, 18.109509 ] }, { "date": "2023-09-01", "close": 16.899686, "volume": 14251878, "typical_volume": 12618084.6, "trend": 18.114961, "fair_value": 17.421762, "relative_strength": -22.225478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.072183, "energy": 74.714143, "activity_lines": [ 17.199375, 17.516822, 17.911219, 18.028242 ] }, { "date": "2023-09-08", "close": 16.687804, "volume": 11512361, "typical_volume": 12662661.45, "trend": 18.062725, "fair_value": 17.421359, "relative_strength": -21.906924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.986534, "energy": 80.722792, "activity_lines": [ 16.951736, 17.330492, 17.76533, 17.936167 ] }, { "date": "2023-09-15", "close": 17.043766, "volume": 10832824, "typical_volume": 12574495.3, "trend": 18.006261, "fair_value": 17.425814, "relative_strength": -19.582892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.834648, "energy": 75.610004, "activity_lines": [ 16.914886, 17.236446, 17.663174, 17.870428 ] }, { "date": "2023-09-22", "close": 17.348875, "volume": 12656750, "typical_volume": 12602169.0, "trend": 17.970877, "fair_value": 17.430298, "relative_strength": -15.081134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.278618, "energy": 62.114783, "activity_lines": [ 17.044797, 17.212421, 17.596005, 17.828016 ] }, { "date": "2023-09-29", "close": 17.298024, "volume": 11848855, "typical_volume": 12096382.15, "trend": 17.942536, "fair_value": 17.425255, "relative_strength": -15.157534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.474, "energy": 40.591769, "activity_lines": [ 17.152814, 17.188759, 17.530558, 17.784606 ] }, { "date": "2023-10-06", "close": 16.111486, "volume": 15971890, "typical_volume": 12203878.75, "trend": 17.903608, "fair_value": 17.406954, "relative_strength": -22.002161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.07837, "energy": 51.091283, "activity_lines": [ 16.838099, 16.963852, 17.362107, 17.666474 ] }, { "date": "2023-10-13", "close": 15.755525, "volume": 13502444, "typical_volume": 12230933.5, "trend": 17.860814, "fair_value": 17.386971, "relative_strength": -23.377906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.341572, "energy": 58.339702, "activity_lines": [ 16.457277, 16.707701, 17.175247, 17.527888 ] }, { "date": "2023-10-20", "close": 16.23014, "volume": 10609699, "typical_volume": 12146397.95, "trend": 17.821979, "fair_value": 17.372582, "relative_strength": -18.292863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.892605, "energy": 65.795927, "activity_lines": [ 16.296812, 16.579922, 17.046046, 17.422683 ] }, { "date": "2023-10-27", "close": 16.128437, "volume": 10056343, "typical_volume": 12121065.0, "trend": 17.758789, "fair_value": 17.366692, "relative_strength": -16.206647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.902565, "energy": 75.020584, "activity_lines": [ 16.156688, 16.466188, 16.920543, 17.313422 ] }, { "date": "2023-11-03", "close": 16.314893, "volume": 20968999, "typical_volume": 12443139.85, "trend": 17.703746, "fair_value": 17.360048, "relative_strength": -19.879861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.071398, "energy": 59.653029, "activity_lines": [ 16.160078, 16.407196, 16.824553, 17.220268 ] }, { "date": "2023-11-10", "close": 16.026734, "volume": 9630678, "typical_volume": 12285507.35, "trend": 17.644614, "fair_value": 17.349355, "relative_strength": -23.047073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.336681, "energy": 49.894935, "activity_lines": [ 16.132957, 16.306263, 16.712983, 17.112074 ] }, { "date": "2023-11-17", "close": 16.357269, "volume": 19047369, "typical_volume": 12713714.7, "trend": 17.564777, "fair_value": 17.341632, "relative_strength": -22.534512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.116944, "energy": 42.343699, "activity_lines": [ 16.221665, 16.2813, 16.641905, 17.029019 ] }, { "date": "2023-11-24", "close": 16.442022, "volume": 7847377, "typical_volume": 12743636.7, "trend": 17.503213, "fair_value": 17.336253, "relative_strength": -22.230581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.781342, "energy": 32.08624, "activity_lines": [ 16.298507, 16.277756, 16.587691, 16.956583 ] }, { "date": "2023-12-01", "close": 16.781484, "volume": 18435696, "typical_volume": 13059699.3, "trend": 17.438344, "fair_value": 17.332496, "relative_strength": -20.09647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.537687, "energy": 23.430401, "activity_lines": [ 16.474378, 16.346873, 16.572482, 16.91002 ] }, { "date": "2023-12-08", "close": 16.429365, "volume": 10551117, "typical_volume": 12924247.65, "trend": 17.339393, "fair_value": 17.327134, "relative_strength": -21.500093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.455922, "energy": 18.153686, "activity_lines": [ 16.48934, 16.362284, 16.528957, 16.844925 ] }, { "date": "2023-12-15", "close": 17.116427, "volume": 16028713, "typical_volume": 13192502.6, "trend": 17.264449, "fair_value": 17.321762, "relative_strength": -20.092386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.127316, "energy": 14.10154, "activity_lines": [ 16.725691, 16.51841, 16.558797, 16.83054 ] }, { "date": "2023-12-22", "close": 16.996191, "volume": 8948276, "typical_volume": 13087855.5, "trend": 17.218598, "fair_value": 17.318077, "relative_strength": -20.545675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.645196, "energy": 12.162003, "activity_lines": [ 16.849317, 16.634403, 16.581168, 16.813233 ] }, { "date": "2023-12-29", "close": 16.729955, "volume": 7830826, "typical_volume": 12619722.8, "trend": 17.141573, "fair_value": 17.315344, "relative_strength": -21.205612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.953793, "energy": 12.142651, "activity_lines": [ 16.841602, 16.679432, 16.583296, 16.781707 ] }, { "date": "2024-01-05", "close": 16.309129, "volume": 12563341, "typical_volume": 12750072.0, "trend": 17.065307, "fair_value": 17.311971, "relative_strength": -19.862675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.111738, "energy": 13.452371, "activity_lines": [ 16.674417, 16.638859, 16.551487, 16.728001 ] }, { "date": "2024-01-12", "close": 16.721367, "volume": 12820855, "typical_volume": 12795814.55, "trend": 16.995808, "fair_value": 17.310539, "relative_strength": -19.597606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.943218, "energy": 6.803463, "activity_lines": [ 16.676135, 16.669954, 16.563537, 16.705812 ] }, { "date": "2024-01-19", "close": 16.480895, "volume": 11599758, "typical_volume": 12663208.55, "trend": 16.947865, "fair_value": 17.311578, "relative_strength": -22.162323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.23381, "energy": 16.500232, "activity_lines": [ 16.578229, 16.649936, 16.553486, 16.672592 ] }, { "date": "2024-01-26", "close": 16.472307, "volume": 15868093, "typical_volume": 12880995.15, "trend": 16.89015, "fair_value": 17.31482, "relative_strength": -22.062688, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.308729, "energy": 18.958109, "activity_lines": [ 16.519829, 16.620099, 16.544611, 16.64191 ] }, { "date": "2024-02-02", "close": 16.377836, "volume": 10982465, "typical_volume": 12888477.2, "trend": 16.841282, "fair_value": 17.313242, "relative_strength": -22.800655, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.487755, "energy": 19.457711, "activity_lines": [ 16.464864, 16.570994, 16.527766, 16.608858 ] }, { "date": "2024-02-09", "close": 16.592542, "volume": 10735559, "typical_volume": 12792417.65, "trend": 16.798456, "fair_value": 17.314044, "relative_strength": -22.523383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.945872, "energy": 17.501287, "activity_lines": [ 16.504942, 16.562093, 16.534539, 16.59281 ] }, { "date": "2024-02-16", "close": 15.828186, "volume": 18041811, "typical_volume": 13102065.45, "trend": 16.722897, "fair_value": 17.311852, "relative_strength": -24.210179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.041331, "energy": 39.753964, "activity_lines": [ 16.271341, 16.417654, 16.472119, 16.530212 ] }, { "date": "2024-02-23", "close": 15.70795, "volume": 16349392, "typical_volume": 13120940.55, "trend": 16.648074, "fair_value": 17.310044, "relative_strength": -25.036333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.8808, "energy": 51.688843, "activity_lines": [ 16.057207, 16.262284, 16.405247, 16.464732 ] }, { "date": "2024-03-01", "close": 15.689707, "volume": 17756049, "typical_volume": 13333620.8, "trend": 16.568736, "fair_value": 17.311524, "relative_strength": -25.841131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.46568, "energy": 57.513453, "activity_lines": [ 15.888521, 16.129206, 16.338558, 16.402901 ] }, { "date": "2024-03-08", "close": 16.03798, "volume": 16076313, "typical_volume": 13606951.5, "trend": 16.502681, "fair_value": 17.310952, "relative_strength": -22.309257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.984367, "energy": 56.164669, "activity_lines": [ 15.888099, 16.083205, 16.305352, 16.368659 ] }, { "date": "2024-03-15", "close": 15.959619, "volume": 15028954, "typical_volume": 13855582.05, "trend": 16.458844, "fair_value": 17.309172, "relative_strength": -21.15443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.756388, "energy": 48.347439, "activity_lines": [ 15.884215, 16.035538, 16.265599, 16.333623 ] }, { "date": "2024-03-22", "close": 16.168582, "volume": 12621602, "typical_volume": 13438212.2, "trend": 16.434806, "fair_value": 17.308278, "relative_strength": -21.806181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.65067, "energy": 28.022793, "activity_lines": [ 15.992179, 16.032218, 16.24655, 16.314896 ] }, { "date": "2024-03-29", "close": 16.403667, "volume": 12921852, "typical_volume": 13602770.9, "trend": 16.418272, "fair_value": 17.308891, "relative_strength": -19.591818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.070681, "energy": 13.50782, "activity_lines": [ 16.155812, 16.081692, 16.250587, 16.312887 ] }, { "date": "2024-04-05", "close": 16.055394, "volume": 12542593, "typical_volume": 13277532.1, "trend": 16.397192, "fair_value": 17.304499, "relative_strength": -19.982778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.931222, "energy": 14.932941, "activity_lines": [ 16.156973, 16.069248, 16.21966, 16.289476 ] }, { "date": "2024-04-12", "close": 16.194703, "volume": 14761271, "typical_volume": 13623226.8, "trend": 16.36889, "fair_value": 17.295053, "relative_strength": -18.217071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.472524, "energy": 14.760231, "activity_lines": [ 16.180192, 16.089713, 16.203439, 16.276412 ] }, { "date": "2024-04-19", "close": 16.760647, "volume": 13713191, "typical_volume": 13387101.55, "trend": 16.349282, "fair_value": 17.288579, "relative_strength": -9.800405, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.202279, "energy": 10.849941, "activity_lines": [ 16.38161, 16.216406, 16.242294, 16.301687 ] }, { "date": "2024-04-26", "close": 17.535555, "volume": 16759239, "typical_volume": 13697507.65, "trend": 16.3572, "fair_value": 17.287224, "relative_strength": -8.566907, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.1909, "energy": 41.398014, "activity_lines": [ 16.787928, 16.480935, 16.35505, 16.37822 ] }, { "date": "2024-05-03", "close": 17.361418, "volume": 26152009, "typical_volume": 14203672.45, "trend": 16.398864, "fair_value": 17.283593, "relative_strength": -9.683317, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.195329, "energy": 59.985802, "activity_lines": [ 17.04507, 16.68276, 16.445953, 16.443009 ] }, { "date": "2024-05-10", "close": 16.542976, "volume": 24561107, "typical_volume": 14984314.0, "trend": 16.425113, "fair_value": 17.271691, "relative_strength": -14.37684, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.027284, "energy": 51.197126, "activity_lines": [ 16.965548, 16.705715, 16.457743, 16.452306 ] }, { "date": "2024-05-17", "close": 16.01186, "volume": 17865583, "typical_volume": 15486051.85, "trend": 16.417837, "fair_value": 17.255427, "relative_strength": -18.094863, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.095479, "energy": 24.916118, "activity_lines": [ 16.676481, 16.616589, 16.421109, 16.425645 ] }, { "date": "2024-05-24", "close": 15.472036, "volume": 17238498, "typical_volume": 15719809.7, "trend": 16.395957, "fair_value": 17.237064, "relative_strength": -21.250636, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.605456, "energy": 19.223663, "activity_lines": [ 16.219663, 16.429787, 16.336482, 16.364625 ] }, { "date": "2024-05-31", "close": 15.193418, "volume": 23849559, "typical_volume": 16271244.9, "trend": 16.358574, "fair_value": 17.218737, "relative_strength": -20.703682, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.862103, "energy": 46.118129, "activity_lines": [ 15.755879, 16.201194, 16.229307, 16.287042 ] }, { "date": "2024-06-07", "close": 14.723666, "volume": 17551590, "typical_volume": 16568836.5, "trend": 16.315138, "fair_value": 17.190919, "relative_strength": -24.470972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.110328, "energy": 72.392355, "activity_lines": [ 15.291654, 15.904921, 16.084669, 16.181564 ] }, { "date": "2024-06-14", "close": 14.732498, "volume": 21629595, "typical_volume": 16856911.6, "trend": 16.260979, "fair_value": 17.168422, "relative_strength": -26.288144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.18361, "energy": 77.90754, "activity_lines": [ 15.006223, 15.640799, 15.94924, 16.079458 ] }, { "date": "2024-06-21", "close": 14.723666, "volume": 12643442, "typical_volume": 16939960.45, "trend": 16.203701, "fair_value": 17.145515, "relative_strength": -25.833636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.935077, "energy": 78.667583, "activity_lines": [ 14.838546, 15.399124, 15.821254, 15.980277 ] }, { "date": "2024-06-28", "close": 14.979806, "volume": 19492377, "typical_volume": 17377801.35, "trend": 16.143645, "fair_value": 17.124249, "relative_strength": -23.847213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.442164, "energy": 73.23752, "activity_lines": [ 14.842129, 15.230766, 15.72554, 15.901316 ] }, { "date": "2024-07-05", "close": 14.361536, "volume": 14441519, "typical_volume": 17197786.75, "trend": 16.074717, "fair_value": 17.09983, "relative_strength": -28.828733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.512184, "energy": 69.464257, "activity_lines": [ 14.672438, 14.982375, 15.578623, 15.786341 ] }, { "date": "2024-07-12", "close": 14.750163, "volume": 21319377, "typical_volume": 17446286.0, "trend": 15.995842, "fair_value": 17.08256, "relative_strength": -26.087053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.949566, "energy": 48.118264, "activity_lines": [ 14.687747, 14.862352, 15.475702, 15.700886 ] }, { "date": "2024-07-19", "close": 15.589244, "volume": 20764666, "typical_volume": 17596716.85, "trend": 15.948944, "fair_value": 17.066973, "relative_strength": -18.050395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.96124, "energy": 31.385075, "activity_lines": [ 14.980984, 14.942367, 15.457254, 15.674654 ] }, { "date": "2024-07-26", "close": 14.829655, "volume": 20843130, "typical_volume": 17835057.7, "trend": 15.8856, "fair_value": 17.044542, "relative_strength": -19.392314, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -46.011925, "energy": 30.574241, "activity_lines": [ 14.963908, 14.901615, 15.366943, 15.602442 ] }, { "date": "2024-08-02", "close": 14.909147, "volume": 26728162, "typical_volume": 18420018.1, "trend": 15.838934, "fair_value": 17.027582, "relative_strength": -15.752912, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.783314, "energy": 23.440157, "activity_lines": [ 14.966263, 14.896811, 15.289957, 15.539445 ] }, { "date": "2024-08-09", "close": 15.121125, "volume": 18996671, "typical_volume": 18738771.55, "trend": 15.785593, "fair_value": 17.004539, "relative_strength": -14.201862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.09894, "energy": 19.002033, "activity_lines": [ 15.043989, 14.940783, 15.238161, 15.493135 ] }, { "date": "2024-08-16", "close": 14.953309, "volume": 15044824, "typical_volume": 18844920.15, "trend": 15.734673, "fair_value": 16.98032, "relative_strength": -18.870048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.19445, "energy": 22.674796, "activity_lines": [ 15.015136, 14.955557, 15.17537, 15.439439 ] }, { "date": "2024-08-23", "close": 14.926812, "volume": 15080472, "typical_volume": 18971814.1, "trend": 15.683157, "fair_value": 16.957854, "relative_strength": -19.227007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.785766, "energy": 22.221885, "activity_lines": [ 14.963908, 14.961339, 15.116963, 15.387319 ] }, { "date": "2024-08-30", "close": 14.944477, "volume": 11050754, "typical_volume": 18786288.25, "trend": 15.635378, "fair_value": 16.937124, "relative_strength": -17.937027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.672295, "energy": 24.59726, "activity_lines": [ 14.96273, 14.966799, 15.065612, 15.339662 ] }, { "date": "2024-09-06", "close": 15.233948, "volume": 13221924, "typical_volume": 18761724.9, "trend": 15.590092, "fair_value": 16.920795, "relative_strength": -10.704942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.615893, "energy": 18.510386, "activity_lines": [ 15.050388, 15.020875, 15.047783, 15.313763 ] }, { "date": "2024-09-13", "close": 15.754, "volume": 15282178, "typical_volume": 18687871.85, "trend": 15.587619, "fair_value": 16.907849, "relative_strength": -12.250769, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.876436, "energy": 7.572608, "activity_lines": [ 15.289744, 15.164886, 15.086753, 15.324338 ] }, { "date": "2024-09-20", "close": 15.637437, "volume": 15454932, "typical_volume": 18153018.0, "trend": 15.585268, "fair_value": 16.891918, "relative_strength": -13.462642, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.916741, "energy": 12.763684, "activity_lines": [ 15.448053, 15.262386, 15.123105, 15.327552 ] }, { "date": "2024-09-27", "close": 15.951261, "volume": 12463208, "typical_volume": 17548123.05, "trend": 15.593987, "fair_value": 16.880695, "relative_strength": -11.914562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.967488, "energy": 26.470637, "activity_lines": [ 15.665362, 15.400812, 15.197555, 15.351165 ] }, { "date": "2024-10-04", "close": 15.807799, "volume": 12197300, "typical_volume": 17264708.9, "trend": 15.586314, "fair_value": 16.869316, "relative_strength": -12.262776, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.827748, "energy": 33.878682, "activity_lines": [ 15.766553, 15.506572, 15.261159, 15.364959 ] }, { "date": "2024-10-11", "close": 16.695474, "volume": 18528159, "typical_volume": 17329191.95, "trend": 15.610843, "fair_value": 16.863678, "relative_strength": -8.011661, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.138685, "energy": 53.107819, "activity_lines": [ 16.106082, 15.755944, 15.410276, 15.436518 ] }, { "date": "2024-10-18", "close": 17.663848, "volume": 27539791, "typical_volume": 17513703.55, "trend": 15.660685, "fair_value": 16.861958, "relative_strength": -2.36581, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.621678, "energy": 73.201536, "activity_lines": [ 16.670966, 16.148904, 15.645793, 15.568969 ] }, { "date": "2024-10-25", "close": 17.520385, "volume": 17124441, "typical_volume": 17492346.1, "trend": 15.697909, "fair_value": 16.860794, "relative_strength": -2.729095, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.703426, "energy": 75.806637, "activity_lines": [ 17.060707, 16.46955, 15.855882, 15.68895 ] }, { "date": "2024-11-01", "close": 17.627982, "volume": 28131673, "typical_volume": 17817450.0, "trend": 15.750328, "fair_value": 16.858131, "relative_strength": -0.098074, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.694332, "energy": 85.402843, "activity_lines": [ 17.360783, 16.763084, 16.062902, 15.813471 ] }, { "date": "2024-11-08", "close": 17.520385, "volume": 16879301, "typical_volume": 18029242.95, "trend": 15.794518, "fair_value": 16.859817, "relative_strength": -5.435747, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.157918, "energy": 82.344199, "activity_lines": [ 17.513212, 16.987943, 16.245886, 15.927668 ] }, { "date": "2024-11-15", "close": 16.247153, "volume": 20110356, "typical_volume": 18060141.9, "trend": 15.777401, "fair_value": 16.852323, "relative_strength": -8.720727, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.587651, "energy": 49.753963, "activity_lines": [ 17.127058, 16.93447, 16.294292, 15.95687 ] }, { "date": "2024-11-22", "close": 16.121623, "volume": 18421075, "typical_volume": 18259119.7, "trend": 15.73027, "fair_value": 16.847179, "relative_strength": -10.56715, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.420887, "energy": 30.650504, "activity_lines": [ 16.728949, 16.839752, 16.324707, 15.979078 ] }, { "date": "2024-11-29", "close": 16.462347, "volume": 11473022, "typical_volume": 17766801.95, "trend": 15.700301, "fair_value": 16.844405, "relative_strength": -8.841903, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.107995, "energy": 22.726814, "activity_lines": [ 16.547229, 16.8003, 16.379192, 16.026309 ] }, { "date": "2024-12-06", "close": 15.890264, "volume": 16501408, "typical_volume": 17553639.05, "trend": 15.678544, "fair_value": 16.832028, "relative_strength": -14.249006, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.948533, "energy": 24.522793, "activity_lines": [ 16.245351, 16.641834, 16.371039, 16.038565 ] }, { "date": "2024-12-13", "close": 15.553914, "volume": 20213333, "typical_volume": 17522149.2, "trend": 15.663279, "fair_value": 16.816777, "relative_strength": -16.09982, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.845139, "energy": 20.195544, "activity_lines": [ 15.947204, 16.423323, 16.329419, 16.030524 ] }, { "date": "2024-12-20", "close": 15.135749, "volume": 20523554, "typical_volume": 17211918.8, "trend": 15.65207, "fair_value": 16.794394, "relative_strength": -15.902037, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.598207, "energy": 29.177174, "activity_lines": [ 15.640767, 16.133398, 16.244525, 15.99649 ] }, { "date": "2024-12-27", "close": 14.999391, "volume": 9163912, "typical_volume": 16720280.85, "trend": 15.645602, "fair_value": 16.768474, "relative_strength": -16.843368, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.768778, "energy": 36.666607, "activity_lines": [ 15.362971, 15.847039, 16.145566, 15.954382 ] }, { "date": "2025-01-03", "close": 14.699403, "volume": 12984283, "typical_volume": 16617253.8, "trend": 15.644793, "fair_value": 16.739506, "relative_strength": -17.281722, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.302974, "energy": 54.912097, "activity_lines": [ 15.059995, 15.554581, 16.018616, 15.893336 ] }, { "date": "2025-01-10", "close": 13.581267, "volume": 21577207, "typical_volume": 16942090.55, "trend": 15.606419, "fair_value": 16.707209, "relative_strength": -21.225699, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.680248, "energy": 70.311305, "activity_lines": [ 14.501835, 15.110117, 15.786386, 15.760206 ] }, { "date": "2025-01-17", "close": 13.272188, "volume": 19632657, "typical_volume": 17371185.7, "trend": 15.558036, "fair_value": 16.679789, "relative_strength": -24.571074, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.947247, "energy": 79.619549, "activity_lines": [ 13.994583, 14.683033, 15.531127, 15.60961 ] }, { "date": "2025-01-24", "close": 12.999472, "volume": 21063799, "typical_volume": 17763279.45, "trend": 15.492025, "fair_value": 16.647396, "relative_strength": -26.61256, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.655745, "energy": 92.71312, "activity_lines": [ 13.548541, 14.283604, 15.257858, 15.444542 ] }, { "date": "2025-01-31", "close": 13.481271, "volume": 21641306, "typical_volume": 18081235.85, "trend": 15.462683, "fair_value": 16.617682, "relative_strength": -22.26024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.914875, "energy": 87.532624, "activity_lines": [ 13.405516, 14.030824, 15.041116, 15.314815 ] }, { "date": "2025-02-07", "close": 13.117649, "volume": 18781876, "typical_volume": 18247583.05, "trend": 15.408266, "fair_value": 16.584358, "relative_strength": -23.870374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.828617, "energy": 88.328042, "activity_lines": [ 13.242493, 13.759937, 14.800565, 15.163523 ] }, { "date": "2025-02-14", "close": 12.999472, "volume": 34951098, "typical_volume": 19371977.55, "trend": 15.32194, "fair_value": 16.551453, "relative_strength": -26.138571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.26331, "energy": 86.093339, "activity_lines": [ 13.145527, 13.528376, 14.560759, 15.008117 ] }, { "date": "2025-02-21", "close": 13.826711, "volume": 33898892, "typical_volume": 20457057.15, "trend": 15.288509, "fair_value": 16.5238, "relative_strength": -19.165565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.822963, "energy": 59.09167, "activity_lines": [ 13.363094, 13.499782, 14.413793, 14.91165 ] }, { "date": "2025-02-28", "close": 14.090337, "volume": 32927679, "typical_volume": 21177033.15, "trend": 15.261215, "fair_value": 16.503288, "relative_strength": -14.331403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.299894, "energy": 45.498715, "activity_lines": [ 13.631568, 13.550524, 14.301368, 14.834349 ] }, { "date": "2025-03-07", "close": 14.354005, "volume": 31239878, "typical_volume": 21362037.5, "trend": 15.235644, "fair_value": 16.485856, "relative_strength": -9.414633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.033571, "energy": 31.340035, "activity_lines": [ 13.915207, 13.668213, 14.22646, 14.775819 ] }, { "date": "2025-03-14", "close": 14.187636, "volume": 26302099, "typical_volume": 21820920.4, "trend": 15.210122, "fair_value": 16.46221, "relative_strength": -7.791987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.035761, "energy": 28.004696, "activity_lines": [ 14.085207, 13.767387, 14.151468, 14.708206 ] }, { "date": "2025-03-21", "close": 14.104451, "volume": 20924631, "typical_volume": 21460568.3, "trend": 15.18271, "fair_value": 16.439781, "relative_strength": -8.169145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.267056, "energy": 26.093601, "activity_lines": [ 14.156147, 13.860742, 14.084424, 14.636872 ] }, { "date": "2025-03-28", "close": 13.522157, "volume": 25067068, "typical_volume": 21869956.65, "trend": 15.135299, "fair_value": 16.414751, "relative_strength": -9.403826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.147408, "energy": 23.644049, "activity_lines": [ 13.959323, 13.838712, 13.978703, 14.52974 ] }, { "date": "2025-04-04", "close": 12.29287, "volume": 23143407, "typical_volume": 22021609.2, "trend": 15.037263, "fair_value": 16.385239, "relative_strength": -8.202944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.109042, "energy": 48.883655, "activity_lines": [ 13.373041, 13.588631, 13.774945, 14.346357 ] }, { "date": "2025-04-11", "close": 11.821489, "volume": 32895792, "typical_volume": 22745345.05, "trend": 14.90618, "fair_value": 16.353478, "relative_strength": -17.327187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.964077, "energy": 75.788016, "activity_lines": [ 12.749462, 13.265692, 13.545124, 14.138888 ] }, { "date": "2025-04-18", "close": 11.719819, "volume": 25053230, "typical_volume": 23424355.45, "trend": 14.775592, "fair_value": 16.325492, "relative_strength": -15.399146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.342932, "energy": 85.352124, "activity_lines": [ 12.260828, 12.954445, 13.326097, 13.933316 ] }, { "date": "2025-04-25", "close": 11.812246, "volume": 17726014, "typical_volume": 23485585.75, "trend": 14.637625, "fair_value": 16.299489, "relative_strength": -19.072122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.85697, "energy": 85.044397, "activity_lines": [ 11.967525, 12.685418, 13.138457, 13.742133 ] }, { "date": "2025-05-02", "close": 11.599663, "volume": 24448132, "typical_volume": 23697325.7, "trend": 14.497354, "fair_value": 16.278969, "relative_strength": -22.382072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.077849, "energy": 84.375044, "activity_lines": [ 11.756174, 12.399325, 12.949989, 13.546135 ] }, { "date": "2025-05-09", "close": 11.091311, "volume": 31227809, "typical_volume": 24232538.45, "trend": 14.310549, "fair_value": 16.260854, "relative_strength": -24.948472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.773389, "energy": 79.075377, "activity_lines": [ 11.503538, 12.061297, 12.731936, 13.32639 ] }, { "date": "2025-05-16", "close": 11.331623, "volume": 21964172, "typical_volume": 24872551.45, "trend": 14.099474, "fair_value": 16.247934, "relative_strength": -27.613445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.337528, "energy": 63.700272, "activity_lines": [ 11.411111, 11.821489, 12.55603, 13.134202 ] }, { "date": "2025-05-23", "close": 10.573717, "volume": 19434679, "typical_volume": 25195071.25, "trend": 13.867919, "fair_value": 16.218624, "relative_strength": -30.236304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.830776, "energy": 68.958655, "activity_lines": [ 11.098705, 11.498833, 12.325407, 12.906733 ] }, { "date": "2025-05-30", "close": 10.536746, "volume": 22491839, "typical_volume": 25240802.85, "trend": 13.631544, "fair_value": 16.188271, "relative_strength": -31.196672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.393418, "energy": 72.54395, "activity_lines": [ 10.850383, 11.235162, 12.11091, 12.691819 ] }, { "date": "2025-06-06", "close": 10.935414, "volume": 28101758, "typical_volume": 25664257.9, "trend": 13.412045, "fair_value": 16.164257, "relative_strength": -29.528189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.771891, "energy": 61.097407, "activity_lines": [ 10.819984, 11.108844, 11.948879, 12.517875 ] }, { "date": "2025-06-13", "close": 10.458334, "volume": 29516963, "typical_volume": 26086916.1, "trend": 13.219085, "fair_value": 16.139257, "relative_strength": -31.727077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.006929, "energy": 64.714138, "activity_lines": [ 10.674841, 10.942816, 11.752539, 12.327313 ] }, { "date": "2025-06-20", "close": 11.234758, "volume": 37622281, "typical_volume": 26885964.85, "trend": 13.056189, "fair_value": 16.112135, "relative_strength": -26.175281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.538455, "energy": 50.757828, "activity_lines": [ 10.830705, 10.951311, 11.642245, 12.199292 ] }, { "date": "2025-06-27", "close": 10.813805, "volume": 44729313, "typical_volume": 28183336.7, "trend": 12.867904, "fair_value": 16.081122, "relative_strength": -31.238094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.137324, "energy": 44.681294, "activity_lines": [ 10.852709, 10.893936, 11.502558, 12.054622 ] }, { "date": "2025-07-04", "close": 10.926059, "volume": 23822705, "typical_volume": 27626917.05, "trend": 12.702431, "fair_value": 16.049948, "relative_strength": -31.102808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.781469, "energy": 38.552322, "activity_lines": [ 10.896125, 10.873445, 11.384532, 11.929342 ] }, { "date": "2025-07-11", "close": 10.308662, "volume": 37900059, "typical_volume": 27826975.4, "trend": 12.527589, "fair_value": 16.011862, "relative_strength": -34.254633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.614302, "energy": 46.793419, "activity_lines": [ 10.707787, 10.756812, 11.21758, 11.774905 ] }, { "date": "2025-07-18", "close": 9.794164, "volume": 36348684, "typical_volume": 27998025.65, "trend": 12.349536, "fair_value": 15.967783, "relative_strength": -37.663404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.159298, "energy": 59.118364, "activity_lines": [ 10.389734, 10.570107, 11.018381, 11.598555 ] }, { "date": "2025-07-25", "close": 10.065445, "volume": 44352723, "typical_volume": 28653667.9, "trend": 12.185071, "fair_value": 15.923318, "relative_strength": -35.878791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.407843, "energy": 59.117643, "activity_lines": [ 10.206386, 10.45631, 10.865476, 11.451194 ] }, { "date": "2025-08-01", "close": 9.317085, "volume": 32151812, "typical_volume": 28946153.55, "trend": 12.005661, "fair_value": 15.874782, "relative_strength": -38.601076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.421336, "energy": 75.703244, "activity_lines": [ 9.851539, 10.229469, 10.661721, 11.266163 ] }, { "date": "2025-08-08", "close": 9.438693, "volume": 43675722, "typical_volume": 30083708.1, "trend": 11.867575, "fair_value": 15.824382, "relative_strength": -39.298958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.092118, "energy": 76.348271, "activity_lines": [ 9.637009, 10.047586, 10.49274, 11.100552 ] }, { "date": "2025-08-15", "close": 9.887709, "volume": 38905767, "typical_volume": 30775643.05, "trend": 11.754759, "fair_value": 15.778156, "relative_strength": -36.058511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.879478, "energy": 56.746292, "activity_lines": [ 9.671308, 9.967308, 10.38874, 10.972819 ] }, { "date": "2025-08-22", "close": 9.953191, "volume": 27396920, "typical_volume": 30988318.7, "trend": 11.653216, "fair_value": 15.741471, "relative_strength": -34.377283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.299532, "energy": 50.862832, "activity_lines": [ 9.755499, 9.917984, 10.308284, 10.856589 ] }, { "date": "2025-08-29", "close": 9.925127, "volume": 27616264, "typical_volume": 30724342.3, "trend": 11.534678, "fair_value": 15.704316, "relative_strength": -33.701725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.869813, "energy": 42.489, "activity_lines": [ 9.819733, 9.872742, 10.236297, 10.745099 ] }, { "date": "2025-09-05", "close": 9.794929, "volume": 26430394, "typical_volume": 30793200.5, "trend": 11.423921, "fair_value": 15.660015, "relative_strength": -34.390386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.296447, "energy": 33.584004, "activity_lines": [ 9.849922, 9.827639, 10.16094, 10.632857 ] }, { "date": "2025-09-12", "close": 9.159634, "volume": 32680280, "typical_volume": 31540913.8, "trend": 11.295926, "fair_value": 15.615136, "relative_strength": -38.951903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.068147, "energy": 45.242596, "activity_lines": [ 9.636491, 9.685553, 10.034244, 10.486774 ] }, { "date": "2025-09-19", "close": 8.846727, "volume": 55483454, "typical_volume": 33092679.9, "trend": 11.129927, "fair_value": 15.572373, "relative_strength": -41.501368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.414493, "energy": 53.992859, "activity_lines": [ 9.33736, 9.518692, 9.89038, 10.328761 ] }, { "date": "2025-09-26", "close": 8.732943, "volume": 31602333, "typical_volume": 33111406.1, "trend": 10.951347, "fair_value": 15.530862, "relative_strength": -41.173924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.764522, "energy": 75.131433, "activity_lines": [ 9.069701, 9.357724, 9.748788, 10.174117 ] }, { "date": "2025-10-03", "close": 9.055332, "volume": 26794132, "typical_volume": 33352904.1, "trend": 10.774725, "fair_value": 15.489279, "relative_strength": -38.901288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.534806, "energy": 73.03561, "activity_lines": [ 8.990854, 9.274666, 9.64913, 10.051794 ] }, { "date": "2025-10-10", "close": 8.258842, "volume": 28380440, "typical_volume": 33800192.15, "trend": 10.577098, "fair_value": 15.440713, "relative_strength": -42.07507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.045387, "energy": 81.812984, "activity_lines": [ 8.704497, 9.065158, 9.484456, 9.889479 ] }, { "date": "2025-10-17", "close": 8.420036, "volume": 26987540, "typical_volume": 34024977.2, "trend": 10.387618, "fair_value": 15.38932, "relative_strength": -41.330627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.782365, "energy": 74.127575, "activity_lines": [ 8.574277, 8.904198, 9.346156, 9.750313 ] }, { "date": "2025-10-24", "close": 8.514856, "volume": 29025214, "typical_volume": 34071150.0, "trend": 10.220708, "fair_value": 15.334518, "relative_strength": -40.895253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.93563, "energy": 69.365759, "activity_lines": [ 8.52497, 8.779, 9.226967, 9.62949 ] }, { "date": "2025-10-31", "close": 8.097647, "volume": 31291000, "typical_volume": 34159851.85, "trend": 10.080867, "fair_value": 15.279859, "relative_strength": -43.773017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.114578, "energy": 80.578531, "activity_lines": [ 8.358719, 8.602907, 9.07957, 9.492518 ] }, { "date": "2025-11-07", "close": 8.505374, "volume": 55831099, "typical_volume": 35070292.75, "trend": 9.97033, "fair_value": 15.224527, "relative_strength": -38.012137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.442017, "energy": 53.566972, "activity_lines": [ 8.370729, 8.534682, 8.982245, 9.390874 ] }, { "date": "2025-11-14", "close": 8.173503, "volume": 40134788, "typical_volume": 34840566.5, "trend": 9.852119, "fair_value": 15.167798, "relative_strength": -39.33542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.484312, "energy": 54.452845, "activity_lines": [ 8.30878, 8.431932, 8.866311, 9.274949 ] }, { "date": "2025-11-21", "close": 7.860597, "volume": 34057154, "typical_volume": 35352288.95, "trend": 9.720398, "fair_value": 15.101238, "relative_strength": -38.804314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.165951, "energy": 57.385028, "activity_lines": [ 8.148218, 8.301769, 8.733149, 9.146464 ] }, { "date": "2025-11-28", "close": 8.012309, "volume": 26932721, "typical_volume": 34803922.05, "trend": 9.600819, "fair_value": 15.031909, "relative_strength": -39.519077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.681974, "energy": 51.082875, "activity_lines": [ 8.075522, 8.22281, 8.629033, 9.036265 ] }, { "date": "2025-12-05", "close": 8.138963, "volume": 44842136, "typical_volume": 35228594.65, "trend": 9.502407, "fair_value": 14.962867, "relative_strength": -38.21238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.128137, "energy": 47.371047, "activity_lines": [ 8.078548, 8.18205, 8.547915, 8.941951 ] }, { "date": "2025-12-12", "close": 8.302899, "volume": 31795574, "typical_volume": 34600737.2, "trend": 9.40145, "fair_value": 14.894928, "relative_strength": -34.800369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.660087, "energy": 41.911345, "activity_lines": [ 8.133465, 8.181896, 8.490291, 8.864564 ] }, { "date": "2025-12-19", "close": 8.081103, "volume": 33179909, "typical_volume": 34652142.05, "trend": 9.318363, "fair_value": 14.825411, "relative_strength": -35.930543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.35303, "energy": 37.813483, "activity_lines": [ 8.127948, 8.155096, 8.419937, 8.77938 ] }, { "date": "2025-12-26", "close": 8.052173, "volume": 15514869, "typical_volume": 33244099.4, "trend": 9.235544, "fair_value": 14.75833, "relative_strength": -35.981802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.526261, "energy": 34.912712, "activity_lines": [ 8.118947, 8.126268, 8.352714, 8.69769 ] }, { "date": "2026-01-02", "close": 7.878593, "volume": 18924833, "typical_volume": 32245052.7, "trend": 9.13365, "fair_value": 14.689402, "relative_strength": -35.296393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.477498, "energy": 37.465855, "activity_lines": [ 8.039315, 8.072568, 8.275561, 8.610145 ] }, { "date": "2026-01-09", "close": 8.341472, "volume": 31763421, "typical_volume": 32463377.75, "trend": 9.063088, "fair_value": 14.621816, "relative_strength": -32.079556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.94129, "energy": 28.232235, "activity_lines": [ 8.12289, 8.114596, 8.25206, 8.559037 ] }, { "date": "2026-01-16", "close": 8.023243, "volume": 30351310, "typical_volume": 32600130.05, "trend": 8.956037, "fair_value": 14.555337, "relative_strength": -33.275615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.177359, "energy": 31.923359, "activity_lines": [ 8.086889, 8.094331, 8.205925, 8.49195 ] }, { "date": "2026-01-23", "close": 8.119676, "volume": 20323096, "typical_volume": 32294765.15, "trend": 8.866233, "fair_value": 14.494668, "relative_strength": -31.844501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.883642, "energy": 24.982881, "activity_lines": [ 8.101675, 8.100366, 8.178032, 8.437991 ] }, { "date": "2026-01-30", "close": 7.512147, "volume": 40639993, "typical_volume": 32692750.8, "trend": 8.752436, "fair_value": 14.425962, "relative_strength": -35.965615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.133607, "energy": 36.73858, "activity_lines": [ 7.91138, 7.996919, 8.100256, 8.350631 ] }, { "date": "2026-02-06", "close": 7.733943, "volume": 41262430, "typical_volume": 31981699.6, "trend": 8.666612, "fair_value": 14.35852, "relative_strength": -31.883852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.301552, "energy": 44.373565, "activity_lines": [ 7.831019, 7.940135, 8.051448, 8.284922 ] }, { "date": "2026-02-13", "close": 7.213204, "volume": 68313492, "typical_volume": 33817257.55, "trend": 8.58058, "fair_value": 14.284645, "relative_strength": -34.827059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.338267, "energy": 62.673551, "activity_lines": [ 7.586722, 7.793732, 7.958345, 8.191154 ] }, { "date": "2026-02-20", "close": 7.801446, "volume": 72166438, "typical_volume": 36085872.85, "trend": 8.505113, "fair_value": 14.216639, "relative_strength": -29.304319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.41481, "energy": 51.262596, "activity_lines": [ 7.613723, 7.771114, 7.928502, 8.140887 ] }, { "date": "2026-02-27", "close": 7.386784, "volume": 36759672, "typical_volume": 36504834.45, "trend": 8.44077, "fair_value": 14.147655, "relative_strength": -31.757451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.21694, "energy": 48.535473, "activity_lines": [ 7.51729, 7.68222, 7.865139, 8.068737 ] }, { "date": "2026-03-06", "close": 7.289987, "volume": 35917973, "typical_volume": 36951356.1, "trend": 8.369146, "fair_value": 14.083621, "relative_strength": -30.517184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.964048, "energy": 46.448004, "activity_lines": [ 7.437451, 7.588351, 7.796709, 7.994493 ] }, { "date": "2026-03-13", "close": 7.044368, "volume": 44775556, "typical_volume": 37738873.2, "trend": 8.274368, "fair_value": 14.01955, "relative_strength": -30.817885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.809139, "energy": 44.984787, "activity_lines": [ 7.290549, 7.463681, 7.710269, 7.909023 ] }, { "date": "2026-03-20", "close": 6.96577, "volume": 53267749, "typical_volume": 38837710.65, "trend": 8.174788, "fair_value": 13.952695, "relative_strength": -28.821628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.365746, "energy": 59.041489, "activity_lines": [ 7.16342, 7.339889, 7.623345, 7.824597 ] }, { "date": "2026-03-27", "close": 6.680851, "volume": 32672133, "typical_volume": 37679762.35, "trend": 8.066645, "fair_value": 13.879982, "relative_strength": -28.051759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.154705, "energy": 65.594409, "activity_lines": [ 6.957813, 7.189306, 7.514675, 7.728214 ] }, { "date": "2026-04-03", "close": 6.759449, "volume": 29760416, "typical_volume": 37161043.75, "trend": 7.965462, "fair_value": 13.808144, "relative_strength": -28.52131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.366142, "energy": 64.960037, "activity_lines": [ 6.853112, 7.077421, 7.42218, 7.643879 ] }, { "date": "2026-04-10", "close": 6.769274, "volume": 28931283, "typical_volume": 36904750.2, "trend": 7.885784, "fair_value": 13.737429, "relative_strength": -30.223365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.65297, "energy": 61.257189, "activity_lines": [ 6.793508, 6.992054, 7.337354, 7.566706 ] }, { "date": "2026-04-17", "close": 6.828223, "volume": 43249601, "typical_volume": 37720594.2, "trend": 7.8185, "fair_value": 13.660993, "relative_strength": -32.404419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.287838, "energy": 50.747749, "activity_lines": [ 6.788269, 6.930911, 7.263338, 7.498476 ] }, { "date": "2026-04-24", "close": 7.014894, "volume": 38559902, "typical_volume": 37406482.5, "trend": 7.761232, "fair_value": 13.588723, "relative_strength": -30.81134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.758154, "energy": 39.18427, "activity_lines": [ 6.859662, 6.920176, 7.21274, 7.44663 ] }, { "date": "2026-05-01", "close": 6.582603, "volume": 39823916, "typical_volume": 37807899.6, "trend": 7.678808, "fair_value": 13.510871, "relative_strength": -34.912379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.052793, "energy": 42.273922, "activity_lines": [ 6.783684, 6.834449, 7.126324, 7.37059 ] }, { "date": "2026-05-08", "close": 7.17209, "volume": 62620834, "typical_volume": 39279945.85, "trend": 7.642583, "fair_value": 13.4325, "relative_strength": -31.665797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.970399, "energy": 26.783849, "activity_lines": [ 6.910751, 6.878061, 7.104241, 7.337898 ] }, { "date": "2026-05-15", "close": 7.879474, "volume": 114872904, "typical_volume": 44247847.6, "trend": 7.624564, "fair_value": 13.358877, "relative_strength": -23.617942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.491784, "energy": 11.969307, "activity_lines": [ 7.246103, 7.054193, 7.153856, 7.353182 ] }, { "date": "2026-05-22", "close": 7.673154, "volume": 54496796, "typical_volume": 46026445.75, "trend": 7.596507, "fair_value": 13.290296, "relative_strength": -25.51163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.109, "energy": 16.388545, "activity_lines": [ 7.438669, 7.182093, 7.184645, 7.356316 ] }, { "date": "2026-05-29", "close": 7.565081, "volume": 41895723, "typical_volume": 46533060.85, "trend": 7.578755, "fair_value": 13.216735, "relative_strength": -27.645286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.528406, "energy": 20.528924, "activity_lines": [ 7.538882, 7.278912, 7.206119, 7.354289 ] }, { "date": "2026-06-05", "close": 6.71, "volume": 48970002, "typical_volume": 47463995.45, "trend": 7.518909, "fair_value": 13.140535, "relative_strength": -31.759586, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.558679, "energy": 19.963534, "activity_lines": [ 7.317388, 7.209365, 7.149854, 7.29824 ] }, { "date": "2026-06-12", "close": 6.79, "volume": 31350999, "typical_volume": 48015390.6, "trend": 7.472792, "fair_value": 13.063507, "relative_strength": -31.512214, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.516227, "energy": 17.986034, "activity_lines": [ 7.114068, 7.153833, 7.107462, 7.251214 ] }, { "date": "2026-06-19", "close": 6.8, "volume": 29081135, "typical_volume": 47437447.7, "trend": 7.437439, "fair_value": 12.99223, "relative_strength": -32.034537, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.14973, "energy": 27.248572, "activity_lines": [ 6.939554, 7.099564, 7.072353, 7.207808 ] }, { "date": "2026-06-26", "close": 7.8, "volume": 420717447, "typical_volume": 66410198.55, "trend": 7.430362, "fair_value": 12.92554, "relative_strength": -17.336858, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.082764, "energy": 11.542456, "activity_lines": [ 7.170339, 7.226555, 7.135874, 7.231199 ] }, { "date": "2026-07-03", "close": 8.6, "volume": 127399613, "typical_volume": 69364504.6, "trend": 7.44573, "fair_value": 12.866284, "relative_strength": -8.630094, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.883575, "energy": 25.315843, "activity_lines": [ 7.659333, 7.481331, 7.275271, 7.306659 ] }, { "date": "2026-07-10", "close": 7.55, "volume": 65204682, "typical_volume": 69016416.8, "trend": 7.420633, "fair_value": 12.800083, "relative_strength": -20.253688, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.126144, "energy": 22.795827, "activity_lines": [ 7.729333, 7.516379, 7.308064, 7.313387 ] }, { "date": "2026-07-17", "close": 7.76, "volume": 47002383, "typical_volume": 69528552.35, "trend": 7.40993, "fair_value": 12.733834, "relative_strength": -13.66957, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.281128, "energy": 24.535528, "activity_lines": [ 7.813333, 7.572019, 7.362055, 7.335281 ] }, { "date": "2026-07-24", "close": 6.99, "volume": 31352072, "typical_volume": 69300257.3, "trend": 7.374524, "fair_value": 12.66356, "relative_strength": -20.06807, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.398039, "energy": 17.055514, "activity_lines": [ 7.576, 7.476969, 7.340935, 7.308189 ] }, { "date": "2026-07-31", "close": 7.36, "volume": 33531908, "typical_volume": 68738074.9, "trend": 7.357238, "fair_value": 12.594907, "relative_strength": -15.510645, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.892009, "energy": 3.249697, "activity_lines": [ 7.449333, 7.465365, 7.356481, 7.307252 ] }, { "date": "2026-08-07", "close": 7.69, "volume": 46205447, "typical_volume": 68384959.8, "trend": 7.335522, "fair_value": 12.528692, "relative_strength": -15.24719, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.598656, "energy": 4.900149, "activity_lines": [ 7.462, 7.519455, 7.401953, 7.32872 ] } ], "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." } } }