{
  "ticker": {
    "uuid": "cc5f3774-02c4-4c0e-b75f-7bc924c9c293",
    "symbol": "IXHL",
    "name": "Incannex Healthcare Ltd ADR",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -59.947,
    "architecture_energy": 48.922,
    "architecture_maturity": 76.0,
    "architecture_confidence": 88.873,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 25.09,
        "rotation_up": 18.28,
        "upward_expansion": 6.22,
        "deceleration": 48.55,
        "rotation_down": 60.77,
        "downward_expansion": 79.55
      },
      "activity_lines": [
        3.074333,
        3.253273,
        3.435,
        3.717327
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Stable",
      "price_acceptance": -0.666667
    },
    "latest_close": 3.155,
    "trend_reference": 4.6872,
    "distance_from_trend": -0.32689,
    "trend_direction": "Weakening",
    "fair_value": 43.355915,
    "distance_from_fair_value": -0.92723,
    "fair_value_direction": "Weakening",
    "relative_strength": -67.644761,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.634838,
    "excess_performance": -0.822292,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.32689,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.371254,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.92723,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.023825,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.676448,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.056881,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.634838,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.440051,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 524762,
      "relative_activity": 0.337329,
      "balance": 0.440051,
      "dry_up": 0.361235,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.187614,
      "annualized_volatility": 1.227395,
      "from_high_reference": -0.886048,
      "from_low_reference": 0.267068
    },
    "levels": {
      "trend_reference": 4.6872,
      "fair_value_reference": 43.355915,
      "structural_low": 2.49,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.049093,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.035118,
        "regime_survival": 0.875,
        "best_return": 0.840974,
        "worst_return": -0.543497,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.353846,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.375501,
        "regime_survival": 0.666667,
        "best_return": 1.928054,
        "worst_return": -0.510121,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.431554,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.286201,
        "regime_survival": 0.5,
        "best_return": 1.54657,
        "worst_return": -0.683463,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.457148,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.792567,
        "regime_survival": 1.0,
        "best_return": -0.457148,
        "worst_return": -0.457148,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-06",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 2.402119,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.632857,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-10-31",
        "tenure": "Established",
        "return": -0.147059,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-07",
        "end": "2025-11-28",
        "tenure": "New",
        "return": 0.033869,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-05",
        "end": "2025-12-12",
        "tenure": "New",
        "return": -0.073587,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-19",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.214204,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": -0.660314,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-12-01",
        "close": 156.9,
        "volume": 696676,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 165.9,
        "volume": 2387816,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 115.2,
        "volume": 306127,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 117.9,
        "volume": 162779,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 139.2,
        "volume": 160871,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 123.0,
        "volume": 38739,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 129.0,
        "volume": 91978,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 121.2,
        "volume": 258462,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 112.2,
        "volume": 84397,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 96.6,
        "volume": 234889,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 94.8,
        "volume": 76888,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 139.5,
        "volume": 299020,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 143.1,
        "volume": 1194815,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 164.4,
        "volume": 15013026,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 125.1,
        "volume": 608443,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 93.6,
        "volume": 924440,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 82.8,
        "volume": 969804,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 107.7,
        "volume": 259894,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 97.5,
        "volume": 131323,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 89.4,
        "volume": 76387,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 71.4,
        "volume": 109973,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 66.6,
        "volume": 65164,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 71.7,
        "volume": 103115,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 76.2,
        "volume": 139235,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 75.0,
        "volume": 314278,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 83.4,
        "volume": 105995,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 84.9,
        "volume": 82885,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 97.5,
        "volume": 99987,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 99.6,
        "volume": 101723,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 105.0,
        "volume": 111356,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 88.2,
        "volume": 258270,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 83.01,
        "volume": 66700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 82.368,
        "volume": 81860,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 67.5,
        "volume": 91377,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 64.998,
        "volume": 73169,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 55.083,
        "volume": 211390,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 62.1,
        "volume": 382368,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 46.2,
        "volume": 323000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 52.8,
        "volume": 152895,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 52.8,
        "volume": 99270,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 49.8,
        "volume": 39252,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 48.9,
        "volume": 48390,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 58.5,
        "volume": 60161,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 60.6,
        "volume": 89817,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 49.2,
        "volume": 127753,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 47.91,
        "volume": 36575,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 70.8,
        "volume": 375463,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 67.8,
        "volume": 89020,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 77.7,
        "volume": 182755,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 83.1,
        "volume": 204551,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 60.0,
        "volume": 391600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 59.409,
        "volume": 80726,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 53.4,
        "volume": 66145,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 48.9,
        "volume": 108976,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 55.8,
        "volume": 98772,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 50.4,
        "volume": 74468,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 58.5,
        "volume": 81535,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 58.5,
        "volume": 178077,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 55.5,
        "volume": 73129,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 57.9,
        "volume": 95652,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 52.5,
        "volume": 1599677,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 50.1,
        "volume": 147411,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 63.0,
        "volume": 434722,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 53.4,
        "volume": 215549,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 48.3,
        "volume": 128145,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 38.1,
        "volume": 239825,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 26.103,
        "volume": 334435,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 22.2,
        "volume": 136823,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 24.861,
        "volume": 620460,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 21.0,
        "volume": 127384,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 15.603,
        "volume": 172133,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 18.87,
        "volume": 5906659,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 18.003,
        "volume": 143108,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 17.43,
        "volume": 134537,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 3.981,
        "volume": 31855116,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 3.405,
        "volume": 22321350,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 7.8,
        "volume": 2148467736,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-23",
        "close": 6.531,
        "volume": 353540974,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-30",
        "close": 6.3,
        "volume": 344402387,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5.379,
        "volume": 72824491,
        "typical_volume": 149187646.1,
        "trend": 35.3725,
        "fair_value": 69.71055,
        "relative_strength": -89.776569,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.985688,
        "energy": 61.014764,
        "activity_lines": [
          6.0462,
          7.904455,
          15.6535,
          24.490135
        ]
      },
      {
        "date": "2025-06-13",
        "close": 6.186,
        "volume": 452885157,
        "typical_volume": 171751920.1,
        "trend": 33.5787,
        "fair_value": 68.926296,
        "relative_strength": -87.706768,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.905504,
        "energy": 56.672369,
        "activity_lines": [
          6.1472,
          7.150964,
          13.848043,
          22.607135
        ]
      },
      {
        "date": "2025-06-20",
        "close": 6.573,
        "volume": 94719201,
        "typical_volume": 176480509.6,
        "trend": 31.8175,
        "fair_value": 68.16589,
        "relative_strength": -86.364626,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.207877,
        "energy": 55.415422,
        "activity_lines": [
          6.1918,
          6.639055,
          12.299986,
          20.864832
        ]
      },
      {
        "date": "2025-06-27",
        "close": 6.099,
        "volume": 80412583,
        "typical_volume": 180479402.65,
        "trend": 30.2408,
        "fair_value": 67.418096,
        "relative_strength": -87.391642,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.39414,
        "energy": 52.268006,
        "activity_lines": [
          6.1602,
          6.264545,
          10.914057,
          19.205574
        ]
      },
      {
        "date": "2025-07-04",
        "close": 6.282,
        "volume": 57710804,
        "typical_volume": 183354165.4,
        "trend": 28.8202,
        "fair_value": 66.690286,
        "relative_strength": -86.750034,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.9119,
        "energy": 46.097525,
        "activity_lines": [
          6.2184,
          6.139745,
          9.816514,
          17.659845
        ]
      },
      {
        "date": "2025-07-11",
        "close": 6.609,
        "volume": 244550016,
        "typical_volume": 195575258.95,
        "trend": 27.1805,
        "fair_value": 65.983447,
        "relative_strength": -85.500974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.266484,
        "energy": 55.175897,
        "activity_lines": [
          6.3868,
          6.277091,
          8.974486,
          16.226865
        ]
      },
      {
        "date": "2025-07-18",
        "close": 18.3,
        "volume": 1533670554,
        "typical_volume": 272246795.4,
        "trend": 26.1105,
        "fair_value": 65.428988,
        "relative_strength": -59.309268,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.030057,
        "energy": 23.083069,
        "activity_lines": [
          10.3702,
          8.492291,
          9.444414,
          15.653929
        ]
      },
      {
        "date": "2025-07-25",
        "close": 31.5,
        "volume": 1419589920,
        "typical_volume": 343209569.65,
        "trend": 25.2105,
        "fair_value": 65.039,
        "relative_strength": -29.135382,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 20.398181,
        "energy": 28.203873,
        "activity_lines": [
          17.946,
          12.836673,
          11.265771,
          16.001639
        ]
      },
      {
        "date": "2025-08-01",
        "close": 11.565,
        "volume": 1178030132,
        "typical_volume": 402104235.1,
        "trend": 23.646,
        "fair_value": 64.431341,
        "relative_strength": -72.710121,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -6.30667,
        "energy": 21.399373,
        "activity_lines": [
          17.215,
          13.1256,
          11.162857,
          15.121284
        ]
      },
      {
        "date": "2025-08-08",
        "close": 13.26,
        "volume": 751666560,
        "typical_volume": 439656540.1,
        "trend": 22.238,
        "fair_value": 63.856382,
        "relative_strength": -68.933744,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -4.532014,
        "energy": 20.176175,
        "activity_lines": [
          16.6846,
          13.631182,
          11.272014,
          14.451219
        ]
      },
      {
        "date": "2025-08-15",
        "close": 11.403,
        "volume": 212388055,
        "typical_volume": 450269573.65,
        "trend": 20.6881,
        "fair_value": 63.273567,
        "relative_strength": -72.865302,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -6.178168,
        "energy": 16.505136,
        "activity_lines": [
          15.07,
          13.672582,
          11.259557,
          13.752187
        ]
      },
      {
        "date": "2025-08-22",
        "close": 17.64,
        "volume": 658581491,
        "typical_volume": 483190041.55,
        "trend": 19.5261,
        "fair_value": 62.772099,
        "relative_strength": -56.717343,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -2.547377,
        "energy": 7.403984,
        "activity_lines": [
          15.2148,
          14.738455,
          11.8868,
          13.555535
        ]
      },
      {
        "date": "2025-08-29",
        "close": 19.77,
        "volume": 1208861716,
        "typical_volume": 543337794.4,
        "trend": 18.5151,
        "fair_value": 62.304685,
        "relative_strength": -50.327664,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": 3.38504,
        "energy": 6.543035,
        "activity_lines": [
          16.1136,
          15.983345,
          12.7072,
          13.571271
        ]
      },
      {
        "date": "2025-09-05",
        "close": 15.75,
        "volume": 194772569,
        "typical_volume": 553069267.45,
        "trend": 16.9401,
        "fair_value": 61.804097,
        "relative_strength": -59.885116,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -7.748221,
        "energy": 9.074574,
        "activity_lines": [
          16.4544,
          16.257382,
          13.140457,
          13.392877
        ]
      },
      {
        "date": "2025-09-12",
        "close": 16.425,
        "volume": 213359877,
        "typical_volume": 563730534.45,
        "trend": 15.7076,
        "fair_value": 61.32134,
        "relative_strength": -58.028256,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 20.579489,
        "energy": 16.412624,
        "activity_lines": [
          16.7412,
          16.478673,
          13.648729,
          13.359645
        ]
      },
      {
        "date": "2025-09-19",
        "close": 15.735,
        "volume": 123784516,
        "typical_volume": 568327004.45,
        "trend": 14.6221,
        "fair_value": 60.841484,
        "relative_strength": -59.526343,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 19.361922,
        "energy": 14.573932,
        "activity_lines": [
          16.587,
          16.390091,
          14.096071,
          13.361413
        ]
      },
      {
        "date": "2025-09-26",
        "close": 17.847,
        "volume": 201544769,
        "typical_volume": 577288175.4,
        "trend": 13.947,
        "fair_value": 60.393625,
        "relative_strength": -52.548668,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 22.111112,
        "energy": 13.815139,
        "activity_lines": [
          16.848,
          16.519582,
          14.688586,
          13.569471
        ]
      },
      {
        "date": "2025-10-03",
        "close": 14.454,
        "volume": 246170277,
        "typical_volume": 482173302.45,
        "trend": 13.5587,
        "fair_value": 59.920021,
        "relative_strength": -61.110457,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.5025,
        "energy": 15.05042,
        "activity_lines": [
          15.9642,
          16.0404,
          14.889186,
          13.602181
        ]
      },
      {
        "date": "2025-10-10",
        "close": 11.748,
        "volume": 136689040,
        "typical_volume": 471330705.75,
        "trend": 13.2103,
        "fair_value": 59.428469,
        "relative_strength": -66.853856,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 23.363385,
        "energy": 11.553341,
        "activity_lines": [
          14.5328,
          15.379145,
          14.800386,
          13.485361
        ]
      },
      {
        "date": "2025-10-17",
        "close": 10.452,
        "volume": 103075494,
        "typical_volume": 459264361.1,
        "trend": 12.73,
        "fair_value": 58.933758,
        "relative_strength": -69.999846,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.225438,
        "energy": 8.637387,
        "activity_lines": [
          12.9362,
          14.478927,
          14.563314,
          13.307406
        ]
      },
      {
        "date": "2025-10-24",
        "close": 10.482,
        "volume": 132050160,
        "typical_volume": 462225644.55,
        "trend": 12.3794,
        "fair_value": 58.44924,
        "relative_strength": -69.322251,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.82372,
        "energy": 19.154955,
        "activity_lines": [
          11.7478,
          13.635218,
          14.309329,
          13.162374
        ]
      },
      {
        "date": "2025-10-31",
        "close": 11.31,
        "volume": 190011940,
        "typical_volume": 449081983.7,
        "trend": 12.2363,
        "fair_value": 57.982515,
        "relative_strength": -65.840765,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.867218,
        "energy": 37.812544,
        "activity_lines": [
          11.1856,
          12.9588,
          14.1099,
          13.093381
        ]
      },
      {
        "date": "2025-11-07",
        "close": 10.452,
        "volume": 73132132,
        "typical_volume": 448002630.25,
        "trend": 11.9557,
        "fair_value": 57.516529,
        "relative_strength": -65.604759,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.112191,
        "energy": 43.719155,
        "activity_lines": [
          10.7732,
          12.241473,
          13.804357,
          12.978265
        ]
      },
      {
        "date": "2025-11-14",
        "close": 10.572,
        "volume": 45060894,
        "typical_volume": 446235045.8,
        "trend": 11.708,
        "fair_value": 57.060757,
        "relative_strength": -63.701372,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.684344,
        "energy": 40.987694,
        "activity_lines": [
          10.6676,
          11.715382,
          13.491771,
          12.888994
        ]
      },
      {
        "date": "2025-11-21",
        "close": 9.435,
        "volume": 47849048,
        "typical_volume": 445741958.0,
        "trend": 11.4415,
        "fair_value": 56.602817,
        "relative_strength": -65.14299,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.811748,
        "energy": 40.885617,
        "activity_lines": [
          10.2614,
          11.076709,
          13.0496,
          12.742348
        ]
      },
      {
        "date": "2025-11-28",
        "close": 10.806,
        "volume": 35100305,
        "typical_volume": 435269472.45,
        "trend": 11.669,
        "fair_value": 56.166657,
        "relative_strength": -60.504227,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.776776,
        "energy": 31.204413,
        "activity_lines": [
          10.38,
          10.8144,
          12.722986,
          12.701348
        ]
      },
      {
        "date": "2025-12-05",
        "close": 13.698,
        "volume": 341525619,
        "typical_volume": 375662225.7,
        "trend": 12.0121,
        "fair_value": 55.766009,
        "relative_strength": -48.841097,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -5.586035,
        "energy": 11.325163,
        "activity_lines": [
          11.441,
          11.167527,
          12.651814,
          12.832252
        ]
      },
      {
        "date": "2025-12-12",
        "close": 12.69,
        "volume": 68659873,
        "typical_volume": 308115723.35,
        "trend": 12.1751,
        "fair_value": 55.36343,
        "relative_strength": -49.77039,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -8.432056,
        "energy": 7.54518,
        "activity_lines": [
          12.0068,
          11.412818,
          12.506557,
          12.875987
        ]
      },
      {
        "date": "2025-12-19",
        "close": 13.137,
        "volume": 85710561,
        "typical_volume": 253499744.8,
        "trend": 12.3953,
        "fair_value": 54.972444,
        "relative_strength": -46.376523,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 1.524569,
        "energy": 10.542977,
        "activity_lines": [
          12.5724,
          11.771455,
          12.493443,
          12.938045
        ]
      },
      {
        "date": "2025-12-26",
        "close": 11.964,
        "volume": 32914761,
        "typical_volume": 217562154.85,
        "trend": 12.5841,
        "fair_value": 54.577872,
        "relative_strength": -49.480878,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.681947,
        "energy": 12.401211,
        "activity_lines": [
          12.576,
          11.891564,
          12.361129,
          12.910219
        ]
      },
      {
        "date": "2026-01-02",
        "close": 11.7,
        "volume": 34182800,
        "typical_volume": 208651892.1,
        "trend": 12.7948,
        "fair_value": 54.188073,
        "relative_strength": -47.20584,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.316895,
        "energy": 8.306032,
        "activity_lines": [
          12.323,
          11.936182,
          12.209843,
          12.853181
        ]
      },
      {
        "date": "2026-01-09",
        "close": 11.88,
        "volume": 26688238,
        "typical_volume": 177057229.45,
        "trend": 12.9846,
        "fair_value": 53.806919,
        "relative_strength": -44.88197,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.402923,
        "energy": 14.763552,
        "activity_lines": [
          12.0704,
          11.991382,
          12.074286,
          12.794161
        ]
      },
      {
        "date": "2026-01-16",
        "close": 11.31,
        "volume": 46376827,
        "typical_volume": 118932985.0,
        "trend": 13.1425,
        "fair_value": 53.427482,
        "relative_strength": -44.157405,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.168852,
        "energy": 26.233419,
        "activity_lines": [
          11.749,
          11.932582,
          11.911871,
          12.686123
        ]
      },
      {
        "date": "2026-01-23",
        "close": 10.323,
        "volume": 26314651,
        "typical_volume": 110510089.1,
        "trend": 13.2833,
        "fair_value": 53.046027,
        "relative_strength": -46.530823,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.775537,
        "energy": 48.425578,
        "activity_lines": [
          11.1906,
          11.678727,
          11.695743,
          12.504219
        ]
      },
      {
        "date": "2026-01-30",
        "close": 9.288,
        "volume": 40240655,
        "typical_volume": 101854128.0,
        "trend": 13.3835,
        "fair_value": 52.662184,
        "relative_strength": -49.261996,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.479861,
        "energy": 63.646389,
        "activity_lines": [
          10.4748,
          11.241218,
          11.406886,
          12.246458
        ]
      },
      {
        "date": "2026-02-06",
        "close": 8.64,
        "volume": 42314892,
        "typical_volume": 97780646.8,
        "trend": 13.4512,
        "fair_value": 52.279383,
        "relative_strength": -48.24078,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.042391,
        "energy": 72.546001,
        "activity_lines": [
          9.7214,
          10.688564,
          11.0903,
          11.940426
        ]
      },
      {
        "date": "2026-02-13",
        "close": 8.073,
        "volume": 18031093,
        "typical_volume": 88604963.0,
        "trend": 13.1103,
        "fair_value": 51.898293,
        "relative_strength": -47.855248,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.599903,
        "energy": 77.35216,
        "activity_lines": [
          8.983,
          10.0722,
          10.7535,
          11.593445
        ]
      },
      {
        "date": "2026-02-20",
        "close": 8.397,
        "volume": 16625833,
        "typical_volume": 77127740.8,
        "trend": 12.3402,
        "fair_value": 51.526487,
        "relative_strength": -43.033709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.959373,
        "energy": 74.544863,
        "activity_lines": [
          8.6064,
          9.617018,
          10.4941,
          11.289361
        ]
      },
      {
        "date": "2026-02-27",
        "close": 4.24,
        "volume": 94799301,
        "typical_volume": 75033253.85,
        "trend": 12.096033,
        "fair_value": 51.125754,
        "relative_strength": -69.50745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -91.020174,
        "energy": 88.171591,
        "activity_lines": [
          7.038333,
          8.484073,
          9.867638,
          10.766768
        ]
      },
      {
        "date": "2026-03-06",
        "close": 3.9,
        "volume": 2007630,
        "typical_volume": 69979860.65,
        "trend": 11.784033,
        "fair_value": 50.728899,
        "relative_strength": -70.436955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -89.338659,
        "energy": 94.74721,
        "activity_lines": [
          5.762467,
          7.451073,
          9.244548,
          10.237991
        ]
      },
      {
        "date": "2026-03-13",
        "close": 3.25,
        "volume": 7752419,
        "typical_volume": 63764973.6,
        "trend": 11.512267,
        "fair_value": 50.333242,
        "relative_strength": -74.187742,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.266082,
        "energy": 93.708536,
        "activity_lines": [
          4.629133,
          6.446509,
          8.590752,
          9.687409
        ]
      },
      {
        "date": "2026-03-20",
        "close": 2.99,
        "volume": 2481431,
        "typical_volume": 54388448.15,
        "trend": 11.023933,
        "fair_value": 49.941975,
        "relative_strength": -74.702832,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.353179,
        "energy": 92.714314,
        "activity_lines": [
          3.768467,
          5.548309,
          7.946633,
          9.137585
        ]
      },
      {
        "date": "2026-03-27",
        "close": 3.24,
        "volume": 3170595,
        "typical_volume": 50890371.3,
        "trend": 10.472933,
        "fair_value": 49.559172,
        "relative_strength": -70.582009,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.042225,
        "energy": 89.264818,
        "activity_lines": [
          3.33,
          4.8572,
          7.365943,
          8.635396
        ]
      },
      {
        "date": "2026-04-03",
        "close": 2.9,
        "volume": 1802210,
        "typical_volume": 48727437.1,
        "trend": 10.0446,
        "fair_value": 49.179829,
        "relative_strength": -73.851935,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.061468,
        "energy": 88.666178,
        "activity_lines": [
          3.122,
          4.251,
          6.787214,
          8.146819
        ]
      },
      {
        "date": "2026-04-10",
        "close": 3.12,
        "volume": 2632200,
        "typical_volume": 46466594.7,
        "trend": 9.6011,
        "fair_value": 48.808379,
        "relative_strength": -72.030441,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.845615,
        "energy": 80.832179,
        "activity_lines": [
          3.076667,
          3.819764,
          6.265971,
          7.700071
        ]
      },
      {
        "date": "2026-04-17",
        "close": 3.65,
        "volume": 2346396,
        "typical_volume": 44828899.25,
        "trend": 9.198267,
        "fair_value": 48.447112,
        "relative_strength": -68.000941,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.671668,
        "energy": 64.741017,
        "activity_lines": [
          3.26,
          3.597036,
          5.825276,
          7.316129
        ]
      },
      {
        "date": "2026-04-24",
        "close": 4.03,
        "volume": 3244665,
        "typical_volume": 27914851.55,
        "trend": 8.7377,
        "fair_value": 48.094595,
        "relative_strength": -64.21855,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.90182,
        "energy": 57.855252,
        "activity_lines": [
          3.543333,
          3.534127,
          5.454848,
          6.982692
        ]
      },
      {
        "date": "2026-05-01",
        "close": 4.55,
        "volume": 1999081,
        "typical_volume": 24581811.95,
        "trend": 8.407567,
        "fair_value": 47.751724,
        "relative_strength": -60.152663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.833389,
        "energy": 50.906965,
        "activity_lines": [
          3.930667,
          3.639273,
          5.179981,
          6.712518
        ]
      },
      {
        "date": "2026-05-08",
        "close": 4.58,
        "volume": 1434127,
        "typical_volume": 20367990.25,
        "trend": 8.168633,
        "fair_value": 47.414445,
        "relative_strength": -61.956706,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.179826,
        "energy": 41.788107,
        "activity_lines": [
          4.240667,
          3.819818,
          4.946733,
          6.465578
        ]
      },
      {
        "date": "2026-05-15",
        "close": 3.96,
        "volume": 1562975,
        "typical_volume": 18800400.95,
        "trend": 7.952233,
        "fair_value": 47.077589,
        "relative_strength": -66.642736,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.220171,
        "energy": 36.621764,
        "activity_lines": [
          4.232,
          3.881455,
          4.695186,
          6.194054
        ]
      },
      {
        "date": "2026-05-22",
        "close": 3.52,
        "volume": 810040,
        "typical_volume": 17131762.95,
        "trend": 7.720167,
        "fair_value": 46.742531,
        "relative_strength": -70.434392,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.247128,
        "energy": 41.110684,
        "activity_lines": [
          4.020667,
          3.862,
          4.439848,
          5.908103
        ]
      },
      {
        "date": "2026-05-29",
        "close": 3.35,
        "volume": 956994,
        "typical_volume": 15845200.75,
        "trend": 7.454833,
        "fair_value": 46.41129,
        "relative_strength": -72.409417,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.418149,
        "energy": 57.549321,
        "activity_lines": [
          3.761333,
          3.806727,
          4.207271,
          5.626157
        ]
      },
      {
        "date": "2026-06-05",
        "close": 2.92,
        "volume": 1044029,
        "typical_volume": 13578560.85,
        "trend": 7.203767,
        "fair_value": 46.081811,
        "relative_strength": -74.637429,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.899713,
        "energy": 70.734431,
        "activity_lines": [
          3.404,
          3.666727,
          3.974362,
          5.333587
        ]
      },
      {
        "date": "2026-06-12",
        "close": 3.83,
        "volume": 2629807,
        "typical_volume": 12394318.65,
        "trend": 6.979033,
        "fair_value": 45.764128,
        "relative_strength": -67.234365,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.106781,
        "energy": 79.163454,
        "activity_lines": [
          3.458667,
          3.698,
          3.868071,
          5.115925
        ]
      },
      {
        "date": "2026-06-19",
        "close": 3.56,
        "volume": 1073868,
        "typical_volume": 10435979.3,
        "trend": 6.7832,
        "fair_value": 45.449172,
        "relative_strength": -70.062921,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.651517,
        "energy": 68.931511,
        "activity_lines": [
          3.473333,
          3.663273,
          3.766986,
          4.895342
        ]
      },
      {
        "date": "2026-06-26",
        "close": 3.42,
        "volume": 1379004,
        "typical_volume": 8389184.9,
        "trend": 6.537,
        "fair_value": 45.137844,
        "relative_strength": -69.655602,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.210203,
        "energy": 55.227484,
        "activity_lines": [
          3.468,
          3.595091,
          3.679843,
          4.678361
        ]
      },
      {
        "date": "2026-07-03",
        "close": 3.97,
        "volume": 1271293,
        "typical_volume": 7551194.9,
        "trend": 6.212733,
        "fair_value": 44.83514,
        "relative_strength": -64.8318,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.114985,
        "energy": 36.435251,
        "activity_lines": [
          3.652667,
          3.631091,
          3.669938,
          4.512748
        ]
      },
      {
        "date": "2026-07-10",
        "close": 3.39,
        "volume": 1507668,
        "typical_volume": 6795286.65,
        "trend": 5.902733,
        "fair_value": 44.53262,
        "relative_strength": -70.240489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.745354,
        "energy": 37.974231,
        "activity_lines": [
          3.602667,
          3.562727,
          3.624333,
          4.330637
        ]
      },
      {
        "date": "2026-07-17",
        "close": 3.17,
        "volume": 852056,
        "typical_volume": 2097924.4,
        "trend": 5.5705,
        "fair_value": 44.232891,
        "relative_strength": -69.926447,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.710932,
        "energy": 43.943431,
        "activity_lines": [
          3.448,
          3.475455,
          3.581619,
          4.154331
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.95,
        "volume": 473461,
        "typical_volume": 2021215.95,
        "trend": 5.270033,
        "fair_value": 43.935892,
        "relative_strength": -69.571187,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.06836,
        "energy": 47.665063,
        "activity_lines": [
          3.264,
          3.373818,
          3.523048,
          3.985267
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.94,
        "volume": 397527,
        "typical_volume": 1653471.35,
        "trend": 4.978033,
        "fair_value": 43.643064,
        "relative_strength": -69.141309,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.925918,
        "energy": 52.71619,
        "activity_lines": [
          3.117333,
          3.288727,
          3.468048,
          3.834942
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.155,
        "volume": 524762,
        "typical_volume": 1555637.9,
        "trend": 4.6872,
        "fair_value": 43.355915,
        "relative_strength": -67.644761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.94654,
        "energy": 48.921604,
        "activity_lines": [
          3.074333,
          3.253273,
          3.435,
          3.717327
        ]
      }
    ],
    "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."
    }
  }
}