{
  "ticker": {
    "uuid": "ce85c8b3-f690-410a-823d-8751f8d87a58",
    "symbol": "CHEM",
    "name": "The Chemours Company",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -52.455,
    "architecture_energy": 78.129,
    "architecture_maturity": 20.242,
    "architecture_confidence": 76.165,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 12.64,
        "rotation_up": 16.32,
        "upward_expansion": 26.55,
        "deceleration": 43.07,
        "rotation_down": 80.06,
        "downward_expansion": 70.55
      },
      "activity_lines": [
        14.606,
        15.607091,
        17.168295,
        17.329771
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 13.955,
    "trend_reference": 16.977407,
    "distance_from_trend": -0.178025,
    "trend_direction": "Improving",
    "fair_value": 16.48005,
    "distance_from_fair_value": -0.153219,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.745139,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.061439,
    "excess_performance": -0.235686,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.178025,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.135407,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.153219,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.330299,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.217451,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.499165,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.061439,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.051611,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3555,
      "relative_activity": 8.021209,
      "balance": 0.051611,
      "dry_up": 2.79727,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.098944,
      "annualized_volatility": 0.653836,
      "from_high_reference": -0.422653,
      "from_low_reference": 0.548966
    },
    "levels": {
      "trend_reference": 16.977407,
      "fair_value_reference": 16.48005,
      "structural_low": 12.7,
      "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": 1,
        "median_return": 0.093366,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.041903,
        "regime_survival": 0.0,
        "best_return": 0.093366,
        "worst_return": 0.093366,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.741523,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.583038,
        "regime_survival": 0.0,
        "best_return": 0.741523,
        "worst_return": 0.741523,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 1.024667,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.817276,
        "regime_survival": 0.0,
        "best_return": 1.024667,
        "worst_return": 1.024667,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-06",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": 0.008883,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.278133,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-29",
        "end": "2025-09-19",
        "tenure": "New",
        "return": 0.128995,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-26",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.145638,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.19258,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-14",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.112531,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-12",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.267865,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-23",
        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.310651,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-20",
        "end": "2026-05-29",
        "tenure": "Established",
        "return": 0.386475,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-05",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.163988,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.086715,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-12-01",
        "close": 24.418871,
        "volume": 0,
        "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": 24.282955,
        "volume": 0,
        "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": 25.596775,
        "volume": 0,
        "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": 26.819984,
        "volume": 0,
        "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": 26.366943,
        "volume": 0,
        "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": 25.913904,
        "volume": 0,
        "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": 24.917215,
        "volume": 0,
        "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": 24.147045,
        "volume": 0,
        "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": 26.457554,
        "volume": 0,
        "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": 25.460863,
        "volume": 0,
        "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": 24.917215,
        "volume": 0,
        "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": 24.147045,
        "volume": 0,
        "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": 25.053951,
        "volume": 0,
        "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": 17.06229,
        "volume": 980,
        "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": 21.442163,
        "volume": 0,
        "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": 22.81373,
        "volume": 0,
        "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": 22.996605,
        "volume": 0,
        "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": 22.356541,
        "volume": 100,
        "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": 22.612568,
        "volume": 0,
        "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": 23.142906,
        "volume": 1821,
        "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": 22.740583,
        "volume": 0,
        "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": 22.832016,
        "volume": 0,
        "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": 23.014893,
        "volume": 45,
        "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": 24.423033,
        "volume": 0,
        "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": 24.664688,
        "volume": 0,
        "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": 22.680067,
        "volume": 0,
        "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": 21.415449,
        "volume": 0,
        "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": 20.326214,
        "volume": 0,
        "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": 21.156986,
        "volume": 0,
        "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": 19.633905,
        "volume": 0,
        "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": 19.81852,
        "volume": 0,
        "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": 18.978516,
        "volume": 0,
        "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": 20.935446,
        "volume": 1228,
        "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": 19.772366,
        "volume": 0,
        "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": 20.252367,
        "volume": 0,
        "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": 16.444666,
        "volume": 0,
        "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": 15.766201,
        "volume": 3070,
        "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": 15.91064,
        "volume": 2,
        "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": 16.201202,
        "volume": 0,
        "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": 16.280874,
        "volume": 0,
        "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": 15.29671,
        "volume": 0,
        "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": 15.287336,
        "volume": 0,
        "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": 15.765359,
        "volume": 0,
        "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": 17.663387,
        "volume": 30,
        "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": 16.646421,
        "volume": 0,
        "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": 17.218172,
        "volume": 0,
        "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": 17.072889,
        "volume": 531,
        "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": 15.999684,
        "volume": 0,
        "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": 15.723181,
        "volume": 0,
        "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": 17.218172,
        "volume": 455,
        "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": 17.062351,
        "volume": 0,
        "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": 19.214741,
        "volume": 0,
        "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": 19.566347,
        "volume": 0,
        "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": 19.00568,
        "volume": 0,
        "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": 17.399698,
        "volume": 0,
        "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": 15.99328,
        "volume": 0,
        "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": 15.722448,
        "volume": 0,
        "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": 15.432611,
        "volume": 0,
        "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": 16.530191,
        "volume": 1464,
        "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": 17.965118,
        "volume": 0,
        "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": 17.950861,
        "volume": 0,
        "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": 17.551743,
        "volume": 0,
        "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": 16.582458,
        "volume": 155,
        "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": 15.684438,
        "volume": 0,
        "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": 15.765212,
        "volume": 0,
        "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": 13.937075,
        "volume": 0,
        "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": 12.3139,
        "volume": 0,
        "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": 12.883944,
        "volume": 200,
        "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": 12.526459,
        "volume": 0,
        "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": 12.135159,
        "volume": 0,
        "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": 9.55547,
        "volume": 797,
        "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": 8.962239,
        "volume": 201,
        "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": 9.63663,
        "volume": 0,
        "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": 10.381551,
        "volume": 0,
        "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": 10.550632,
        "volume": 0,
        "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": 9.60378,
        "volume": 5357,
        "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": 9.548412,
        "volume": 0,
        "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": 9.273596,
        "volume": 645,
        "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": 8.77269,
        "volume": 0,
        "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": 9.653663,
        "volume": 0,
        "typical_volume": 367.75,
        "trend": 13.905413,
        "fair_value": 18.315368,
        "relative_strength": -47.277156,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.450802,
        "energy": 62.409504,
        "activity_lines": [
          9.325364,
          9.542007,
          10.645446,
          12.050227
        ]
      },
      {
        "date": "2025-06-13",
        "close": 9.435368,
        "volume": 0,
        "typical_volume": 367.75,
        "trend": 13.65118,
        "fair_value": 18.205738,
        "relative_strength": -46.401625,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.717313,
        "energy": 59.781596,
        "activity_lines": [
          9.347011,
          9.513189,
          10.385624,
          11.761837
        ]
      },
      {
        "date": "2025-06-20",
        "close": 9.024117,
        "volume": 0,
        "typical_volume": 367.75,
        "trend": 13.311492,
        "fair_value": 18.093767,
        "relative_strength": -47.653331,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.107713,
        "energy": 57.570962,
        "activity_lines": [
          9.242801,
          9.411782,
          10.127185,
          11.463316
        ]
      },
      {
        "date": "2025-06-27",
        "close": 9.813484,
        "volume": 0,
        "typical_volume": 360.0,
        "trend": 12.986397,
        "fair_value": 17.994005,
        "relative_strength": -43.262391,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.684376,
        "energy": 45.514009,
        "activity_lines": [
          9.436667,
          9.452771,
          9.984532,
          11.237638
        ]
      },
      {
        "date": "2025-07-04",
        "close": 10.690559,
        "volume": 0,
        "typical_volume": 360.0,
        "trend": 12.709226,
        "fair_value": 17.907059,
        "relative_strength": -36.873662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.106001,
        "energy": 33.870938,
        "activity_lines": [
          9.886899,
          9.650013,
          9.957644,
          11.08952
        ]
      },
      {
        "date": "2025-07-11",
        "close": 11.43607,
        "volume": 4790,
        "typical_volume": 599.5,
        "trend": 12.510439,
        "fair_value": 17.83093,
        "relative_strength": -32.925895,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.559783,
        "energy": 19.619023,
        "activity_lines": [
          10.457776,
          9.977184,
          10.025536,
          11.007381
        ]
      },
      {
        "date": "2025-07-18",
        "close": 11.411708,
        "volume": 2220,
        "typical_volume": 710.5,
        "trend": 12.35772,
        "fair_value": 17.756288,
        "relative_strength": -32.12801,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 1.912441,
        "energy": 21.288808,
        "activity_lines": [
          10.901705,
          10.283826,
          10.111724,
          10.936495
        ]
      },
      {
        "date": "2025-07-25",
        "close": 11.475053,
        "volume": 0,
        "typical_volume": 710.5,
        "trend": 12.21614,
        "fair_value": 17.68409,
        "relative_strength": -32.04513,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 4.956793,
        "energy": 28.278232,
        "activity_lines": [
          11.234994,
          10.569115,
          10.21597,
          10.879549
        ]
      },
      {
        "date": "2025-08-01",
        "close": 9.73942,
        "volume": 0,
        "typical_volume": 700.5,
        "trend": 12.026367,
        "fair_value": 17.593809,
        "relative_strength": -40.017497,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.615073,
        "energy": 20.962983,
        "activity_lines": [
          10.826342,
          10.503804,
          10.158912,
          10.71976
        ]
      },
      {
        "date": "2025-08-08",
        "close": 10.071733,
        "volume": 1945,
        "typical_volume": 797.75,
        "trend": 11.811085,
        "fair_value": 17.509292,
        "relative_strength": -40.718466,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.06859,
        "energy": 10.917133,
        "activity_lines": [
          10.533399,
          10.490443,
          10.148476,
          10.593655
        ]
      },
      {
        "date": "2025-08-15",
        "close": 12.254169,
        "volume": 0,
        "typical_volume": 797.75,
        "trend": 11.62072,
        "fair_value": 17.450901,
        "relative_strength": -29.033813,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 12.471599,
        "energy": 12.64081,
        "activity_lines": [
          11.00919,
          10.850271,
          10.357581,
          10.622241
        ]
      },
      {
        "date": "2025-08-22",
        "close": 12.873015,
        "volume": 894,
        "typical_volume": 802.6,
        "trend": 11.451458,
        "fair_value": 17.400595,
        "relative_strength": -23.818375,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.398209,
        "energy": 27.132914,
        "activity_lines": [
          11.636723,
          11.275334,
          10.625057,
          10.703034
        ]
      },
      {
        "date": "2025-08-29",
        "close": 12.75514,
        "volume": 0,
        "typical_volume": 792.55,
        "trend": 11.291571,
        "fair_value": 17.350101,
        "relative_strength": -21.014113,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.004799,
        "energy": 55.694395,
        "activity_lines": [
          12.127544,
          11.616463,
          10.865509,
          10.787143
        ]
      },
      {
        "date": "2025-09-05",
        "close": 13.01545,
        "volume": 994,
        "typical_volume": 842.25,
        "trend": 11.172671,
        "fair_value": 17.303492,
        "relative_strength": -18.463223,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 41.876259,
        "energy": 67.835848,
        "activity_lines": [
          12.619795,
          11.937084,
          11.112691,
          10.898361
        ]
      },
      {
        "date": "2025-09-12",
        "close": 13.933898,
        "volume": 0,
        "typical_volume": 842.25,
        "trend": 11.11432,
        "fair_value": 17.267645,
        "relative_strength": -13.055924,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 51.075369,
        "energy": 74.443331,
        "activity_lines": [
          13.199794,
          12.366477,
          11.431255,
          11.076504
        ]
      },
      {
        "date": "2025-09-19",
        "close": 14.400489,
        "volume": 0,
        "typical_volume": 842.25,
        "trend": 11.068829,
        "fair_value": 17.237464,
        "relative_strength": -9.137266,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 81.125038,
        "energy": 87.199458,
        "activity_lines": [
          13.677845,
          12.821736,
          11.77734,
          11.288515
        ]
      },
      {
        "date": "2025-09-26",
        "close": 13.11859,
        "volume": 0,
        "typical_volume": 574.4,
        "trend": 11.041546,
        "fair_value": 17.194559,
        "relative_strength": -16.733371,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.329278,
        "energy": 76.208965,
        "activity_lines": [
          13.585509,
          12.990024,
          11.983006,
          11.420758
        ]
      },
      {
        "date": "2025-10-03",
        "close": 13.482041,
        "volume": 0,
        "typical_volume": 574.4,
        "trend": 11.080484,
        "fair_value": 17.156286,
        "relative_strength": -15.416818,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.31977,
        "energy": 64.288916,
        "activity_lines": [
          13.597952,
          13.193359,
          12.20655,
          11.578209
        ]
      },
      {
        "date": "2025-10-10",
        "close": 11.262047,
        "volume": 620,
        "typical_volume": 573.15,
        "trend": 11.026421,
        "fair_value": 17.096141,
        "relative_strength": -26.996119,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.277728,
        "energy": 31.158781,
        "activity_lines": [
          12.821936,
          12.956569,
          12.199934,
          11.589923
        ]
      },
      {
        "date": "2025-10-17",
        "close": 11.208021,
        "volume": 563,
        "typical_volume": 601.3,
        "trend": 10.982473,
        "fair_value": 17.036665,
        "relative_strength": -24.9585,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 23.902107,
        "energy": 21.047314,
        "activity_lines": [
          12.144806,
          12.682272,
          12.178704,
          11.601639
        ]
      },
      {
        "date": "2025-10-24",
        "close": 11.915276,
        "volume": 0,
        "typical_volume": 601.3,
        "trend": 10.975144,
        "fair_value": 16.985451,
        "relative_strength": -20.833454,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.725696,
        "energy": 23.729961,
        "activity_lines": [
          11.885152,
          12.515906,
          12.213235,
          11.66182
        ]
      },
      {
        "date": "2025-10-31",
        "close": 11.330809,
        "volume": 755,
        "typical_volume": 639.05,
        "trend": 11.034322,
        "fair_value": 16.929464,
        "relative_strength": -26.012597,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.317637,
        "energy": 23.574537,
        "activity_lines": [
          11.596356,
          12.249436,
          12.181333,
          11.684766
        ]
      },
      {
        "date": "2025-11-07",
        "close": 9.620627,
        "volume": 0,
        "typical_volume": 639.05,
        "trend": 11.056268,
        "fair_value": 16.857809,
        "relative_strength": -35.363384,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -39.739951,
        "energy": 38.54686,
        "activity_lines": [
          10.856686,
          11.700063,
          11.97753,
          11.59356
        ]
      },
      {
        "date": "2025-11-14",
        "close": 10.075729,
        "volume": 850,
        "typical_volume": 681.55,
        "trend": 11.070905,
        "fair_value": 16.791964,
        "relative_strength": -32.561817,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.34076,
        "energy": 48.412876,
        "activity_lines": [
          10.526144,
          11.290427,
          11.81423,
          11.530299
        ]
      },
      {
        "date": "2025-11-21",
        "close": 9.492476,
        "volume": 0,
        "typical_volume": 681.55,
        "trend": 11.041269,
        "fair_value": 16.721776,
        "relative_strength": -34.192432,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.613201,
        "energy": 61.370255,
        "activity_lines": [
          10.080271,
          10.828195,
          11.594134,
          11.428465
        ]
      },
      {
        "date": "2025-11-28",
        "close": 10.783753,
        "volume": 0,
        "typical_volume": 442.05,
        "trend": 11.049039,
        "fair_value": 16.665224,
        "relative_strength": -26.958128,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.939819,
        "energy": 51.822657,
        "activity_lines": [
          10.179195,
          10.681494,
          11.502721,
          11.411851
        ]
      },
      {
        "date": "2025-12-05",
        "close": 11.209558,
        "volume": 0,
        "typical_volume": 331.05,
        "trend": 11.102565,
        "fair_value": 16.613755,
        "relative_strength": -23.606319,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.692887,
        "energy": 25.453969,
        "activity_lines": [
          10.495488,
          10.67797,
          11.454967,
          11.422207
        ]
      },
      {
        "date": "2025-12-12",
        "close": 11.01646,
        "volume": 0,
        "typical_volume": 331.05,
        "trend": 11.1515,
        "fair_value": 16.561444,
        "relative_strength": -23.913052,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.195846,
        "energy": 16.047484,
        "activity_lines": [
          10.755498,
          10.674048,
          11.389786,
          11.416652
        ]
      },
      {
        "date": "2025-12-19",
        "close": 10.174752,
        "volume": 0,
        "typical_volume": 331.05,
        "trend": 11.181539,
        "fair_value": 16.502308,
        "relative_strength": -30.303781,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.915775,
        "energy": 13.10907,
        "activity_lines": [
          10.641884,
          10.561916,
          11.246625,
          11.353636
        ]
      },
      {
        "date": "2025-12-26",
        "close": 9.884612,
        "volume": 0,
        "typical_volume": 233.8,
        "trend": 11.218603,
        "fair_value": 16.441595,
        "relative_strength": -31.295368,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -25.445857,
        "energy": 18.864307,
        "activity_lines": [
          10.424954,
          10.416801,
          11.07376,
          11.269964
        ]
      },
      {
        "date": "2026-01-02",
        "close": 10.36785,
        "volume": 0,
        "typical_volume": 233.8,
        "trend": 11.242409,
        "fair_value": 16.386379,
        "relative_strength": -28.190929,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -51.440794,
        "energy": 31.90875,
        "activity_lines": [
          10.342962,
          10.383609,
          10.947808,
          11.215076
        ]
      },
      {
        "date": "2026-01-09",
        "close": 11.863118,
        "volume": 0,
        "typical_volume": 189.1,
        "trend": 11.323334,
        "fair_value": 16.345629,
        "relative_strength": -17.242176,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -23.677001,
        "energy": 17.086733,
        "activity_lines": [
          10.787119,
          10.650419,
          10.973245,
          11.255122
        ]
      },
      {
        "date": "2026-01-16",
        "close": 13.967385,
        "volume": 1266,
        "typical_volume": 252.4,
        "trend": 11.48811,
        "fair_value": 16.324395,
        "relative_strength": -2.19892,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 36.809843,
        "energy": 30.128184,
        "activity_lines": [
          11.889128,
          11.290145,
          11.203897,
          11.425706
        ]
      },
      {
        "date": "2026-01-23",
        "close": 13.388095,
        "volume": 0,
        "typical_volume": 202.7,
        "trend": 11.607263,
        "fair_value": 16.29841,
        "relative_strength": -5.524038,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.131509,
        "energy": 51.883791,
        "activity_lines": [
          12.601312,
          11.745513,
          11.373606,
          11.548286
        ]
      },
      {
        "date": "2026-01-30",
        "close": 12.368142,
        "volume": 0,
        "typical_volume": 202.7,
        "trend": 11.663183,
        "fair_value": 16.263934,
        "relative_strength": -12.526548,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.732967,
        "energy": 51.040999,
        "activity_lines": [
          12.759289,
          11.955211,
          11.444403,
          11.597375
        ]
      },
      {
        "date": "2026-02-06",
        "close": 14.868508,
        "volume": 997,
        "typical_volume": 252.55,
        "trend": 11.777597,
        "fair_value": 16.2518,
        "relative_strength": 5.357152,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 56.982293,
        "energy": 73.621617,
        "activity_lines": [
          13.585152,
          12.567236,
          11.760785,
          11.80417
        ]
      },
      {
        "date": "2026-02-13",
        "close": 17.547115,
        "volume": 0,
        "typical_volume": 252.55,
        "trend": 11.982111,
        "fair_value": 16.262966,
        "relative_strength": 25.987408,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 94.456222,
        "energy": 94.518753,
        "activity_lines": [
          15.003841,
          13.592011,
          12.330045,
          12.176397
        ]
      },
      {
        "date": "2026-02-20",
        "close": 13.873314,
        "volume": 1114,
        "typical_volume": 308.25,
        "trend": 12.062053,
        "fair_value": 16.242542,
        "relative_strength": -2.42104,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.200182,
        "energy": 74.588132,
        "activity_lines": [
          14.818996,
          13.833595,
          12.52833,
          12.29841
        ]
      },
      {
        "date": "2026-02-27",
        "close": 14.839163,
        "volume": 0,
        "typical_volume": 277.25,
        "trend": 12.232045,
        "fair_value": 16.230649,
        "relative_strength": 6.944156,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.998191,
        "energy": 71.904605,
        "activity_lines": [
          14.962372,
          14.198845,
          12.816738,
          12.477578
        ]
      },
      {
        "date": "2026-03-06",
        "close": 14.236633,
        "volume": 9457,
        "typical_volume": 721.95,
        "trend": 12.370875,
        "fair_value": 16.213892,
        "relative_strength": 8.462608,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.736023,
        "energy": 50.79745,
        "activity_lines": [
          14.808166,
          14.369736,
          13.030728,
          12.606906
        ]
      },
      {
        "date": "2026-03-13",
        "close": 15.401856,
        "volume": 3690,
        "typical_volume": 906.45,
        "trend": 12.475797,
        "fair_value": 16.207125,
        "relative_strength": 20.54221,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.589555,
        "energy": 43.46089,
        "activity_lines": [
          14.917803,
          14.673359,
          13.341269,
          12.802454
        ]
      },
      {
        "date": "2026-03-20",
        "close": 15.59606,
        "volume": 2561,
        "typical_volume": 996.75,
        "trend": 12.566566,
        "fair_value": 16.202075,
        "relative_strength": 23.605588,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.525725,
        "energy": 44.706435,
        "activity_lines": [
          15.056618,
          14.920764,
          13.653704,
          13.003761
        ]
      },
      {
        "date": "2026-03-27",
        "close": 18.419485,
        "volume": 300,
        "typical_volume": 1011.75,
        "trend": 12.755377,
        "fair_value": 16.220251,
        "relative_strength": 43.211161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.50252,
        "energy": 56.330904,
        "activity_lines": [
          16.266644,
          15.613647,
          14.214725,
          13.381369
        ]
      },
      {
        "date": "2026-04-03",
        "close": 18.658504,
        "volume": 225,
        "typical_volume": 980.5,
        "trend": 12.943479,
        "fair_value": 16.240074,
        "relative_strength": 39.14484,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.303016,
        "energy": 74.194524,
        "activity_lines": [
          17.253266,
          16.269041,
          14.756611,
          13.762215
        ]
      },
      {
        "date": "2026-04-10",
        "close": 19.365604,
        "volume": 0,
        "typical_volume": 980.5,
        "trend": 13.124536,
        "fair_value": 16.26528,
        "relative_strength": 34.598615,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.354187,
        "energy": 83.709438,
        "activity_lines": [
          18.220964,
          16.957173,
          15.324969,
          14.176546
        ]
      },
      {
        "date": "2026-04-17",
        "close": 19.345686,
        "volume": 0,
        "typical_volume": 980.5,
        "trend": 13.289376,
        "fair_value": 16.289923,
        "relative_strength": 30.412842,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.076571,
        "energy": 86.109024,
        "activity_lines": [
          18.840093,
          17.514457,
          15.844416,
          14.577911
        ]
      },
      {
        "date": "2026-04-24",
        "close": 21.969927,
        "volume": 0,
        "typical_volume": 980.5,
        "trend": 13.58442,
        "fair_value": 16.335002,
        "relative_strength": 51.870333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.935911,
        "energy": 92.364238,
        "activity_lines": [
          20.071046,
          18.467472,
          16.573019,
          15.137946
        ]
      },
      {
        "date": "2026-05-01",
        "close": 22.945929,
        "volume": 0,
        "typical_volume": 980.5,
        "trend": 13.899883,
        "fair_value": 16.387057,
        "relative_strength": 55.830834,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.221008,
        "energy": 92.596265,
        "activity_lines": [
          21.202408,
          19.517528,
          17.343334,
          15.741915
        ]
      },
      {
        "date": "2026-05-08",
        "close": 19.315809,
        "volume": 1615,
        "typical_volume": 1061.25,
        "trend": 14.168342,
        "fair_value": 16.409938,
        "relative_strength": 28.171351,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.31901,
        "energy": 69.125271,
        "activity_lines": [
          20.821968,
          19.742605,
          17.711117,
          16.091329
        ]
      },
      {
        "date": "2026-05-15",
        "close": 20.4,
        "volume": 230,
        "typical_volume": 1072.75,
        "trend": 14.474741,
        "fair_value": 16.440869,
        "relative_strength": 34.569771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.379812,
        "energy": 59.566548,
        "activity_lines": [
          20.759104,
          20.083414,
          18.138628,
          16.493372
        ]
      },
      {
        "date": "2026-05-22",
        "close": 18.35,
        "volume": 270,
        "typical_volume": 1086.25,
        "trend": 14.689232,
        "fair_value": 16.455554,
        "relative_strength": 17.729245,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.528045,
        "energy": 48.539607,
        "activity_lines": [
          19.943947,
          19.939435,
          18.320827,
          16.743388
        ]
      },
      {
        "date": "2026-05-29",
        "close": 19.235001,
        "volume": 0,
        "typical_volume": 1086.25,
        "trend": 14.952705,
        "fair_value": 16.476771,
        "relative_strength": 19.065554,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.237013,
        "energy": 31.377866,
        "activity_lines": [
          19.49017,
          19.902762,
          18.549302,
          17.036664
        ]
      },
      {
        "date": "2026-06-05",
        "close": 18.355,
        "volume": 1,
        "typical_volume": 1023.0,
        "trend": 15.243851,
        "fair_value": 16.491,
        "relative_strength": 14.119056,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.02808,
        "energy": 23.853916,
        "activity_lines": [
          18.925388,
          19.639927,
          18.658863,
          17.256167
        ]
      },
      {
        "date": "2026-06-12",
        "close": 19.205,
        "volume": 0,
        "typical_volume": 1023.0,
        "trend": 15.54816,
        "fair_value": 16.511406,
        "relative_strength": 15.317244,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.280935,
        "energy": 23.518394,
        "activity_lines": [
          18.95,
          19.53281,
          18.828483,
          17.511725
        ]
      },
      {
        "date": "2026-06-19",
        "close": 18.969999,
        "volume": 0,
        "typical_volume": 1023.0,
        "trend": 15.864077,
        "fair_value": 16.529754,
        "relative_strength": 8.567487,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.125022,
        "energy": 19.824225,
        "activity_lines": [
          18.903666,
          19.373028,
          18.948022,
          17.732488
        ]
      },
      {
        "date": "2026-06-26",
        "close": 17.875,
        "volume": 85,
        "typical_volume": 977.4,
        "trend": 16.100452,
        "fair_value": 16.539719,
        "relative_strength": 3.814916,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.042814,
        "energy": 19.287993,
        "activity_lines": [
          18.587666,
          19.021349,
          18.931838,
          17.862225
        ]
      },
      {
        "date": "2026-07-03",
        "close": 16.615,
        "volume": 0,
        "typical_volume": 977.4,
        "trend": 16.280634,
        "fair_value": 16.540272,
        "relative_strength": -5.912765,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.517573,
        "energy": 12.721623,
        "activity_lines": [
          17.883333,
          18.467319,
          18.781338,
          17.895422
        ]
      },
      {
        "date": "2026-07-10",
        "close": 15.245,
        "volume": 1179,
        "typical_volume": 980.65,
        "trend": 16.421585,
        "fair_value": 16.530818,
        "relative_strength": -12.466889,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -20.082117,
        "energy": 30.786338,
        "activity_lines": [
          16.897,
          17.76156,
          18.5048,
          17.828607
        ]
      },
      {
        "date": "2026-07-17",
        "close": 15.345,
        "volume": 100,
        "typical_volume": 985.65,
        "trend": 16.593926,
        "fair_value": 16.522225,
        "relative_strength": -10.146122,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -35.038482,
        "energy": 55.146167,
        "activity_lines": [
          16.151333,
          17.214,
          18.231254,
          17.75915
        ]
      },
      {
        "date": "2026-07-24",
        "close": 15.28,
        "volume": 1087,
        "typical_volume": 567.15,
        "trend": 16.773773,
        "fair_value": 16.513288,
        "relative_strength": -11.69819,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.257383,
        "energy": 64.470844,
        "activity_lines": [
          15.641333,
          16.726818,
          17.949108,
          17.67438
        ]
      },
      {
        "date": "2026-07-31",
        "close": 14.385,
        "volume": 217,
        "typical_volume": 393.5,
        "trend": 16.907678,
        "fair_value": 16.498086,
        "relative_strength": -16.921822,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.345423,
        "energy": 69.527109,
        "activity_lines": [
          15.079,
          16.17,
          17.576757,
          17.520266
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.955,
        "volume": 3555,
        "typical_volume": 443.2,
        "trend": 16.977407,
        "fair_value": 16.48005,
        "relative_strength": -21.745139,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -52.454875,
        "energy": 78.129236,
        "activity_lines": [
          14.606,
          15.607091,
          17.168295,
          17.329771
        ]
      }
    ],
    "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."
    }
  }
}