{ "ticker": { "uuid": "d09be355-dc8d-4cc1-8bf6-424b41c50108", "symbol": "PHX", "name": "PHX Energy Services Corp.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 21.797, "architecture_energy": 21.13, "architecture_maturity": 29.252, "architecture_confidence": 63.842, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 52.21, "rotation_up": 50.66, "upward_expansion": 30.19, "deceleration": 49.35, "rotation_down": 17.57, "downward_expansion": 21.19 }, "activity_lines": [ 11.042667, 10.787213, 10.945843, 11.074492 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 11.71, "trend_reference": 10.798793, "distance_from_trend": 0.08438, "trend_direction": "Improving", "fair_value": 8.033192, "distance_from_fair_value": 0.457702, "fair_value_direction": "Improving", "relative_strength": 13.776407, "relative_strength_direction": "Weakening", "price_momentum": 0.396443, "excess_performance": 0.276022, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08438, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.126353, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.457702, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.015645, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.137764, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.022466, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.396443, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.014178, "read": "Demand-led" } ], "volume": { "latest": 750700, "relative_activity": 1.119971, "balance": 3.014178, "dry_up": 0.711973, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.0569, "annualized_volatility": 0.545414, "from_high_reference": -0.161123, "from_low_reference": 0.804834 }, "levels": { "trend_reference": 10.798793, "fair_value_reference": 8.033192, "structural_low": 8.327425, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.022222, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.016067, "regime_survival": 0.466667, "best_return": 0.398964, "worst_return": -0.08, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.117063, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.025082, "regime_survival": 0.0, "best_return": 0.469411, "worst_return": -0.174176, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.092861, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.08121, "regime_survival": 0.333333, "best_return": 0.394401, "worst_return": -0.082427, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.333402, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.14863, "regime_survival": 0.0, "best_return": 0.770266, "worst_return": 0.004676, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-07-12", "tenure": "Developing", "return": 0.123632, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-09-06", "tenure": "Developing", "return": -0.092611, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-13", "end": "2024-12-20", "tenure": "Established", "return": 0.005623, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-02-28", "tenure": "Developing", "return": -0.009893, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-06-20", "tenure": "Established", "return": 0.037608, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-08-15", "tenure": "Developing", "return": -0.057143, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2025-10-17", "tenure": "Developing", "return": -0.029327, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-11-07", "tenure": "New", "return": -0.052139, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": 0.060478, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-02", "tenure": "New", "return": 0.031886, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-01-30", "tenure": "New", "return": 0.104222, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-04-24", "tenure": "Developing", "return": 0.478727, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-07-31", "tenure": "Established", "return": -0.13125, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.063773, "volume": 557000, "typical_volume": 278090.0, "trend": 5.188327, "fair_value": 3.623579, "relative_strength": 16.937025, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.999521, "energy": 78.424921, "activity_lines": [ 5.776271, 5.471041, 5.148053, 5.124785 ] }, { "date": "2023-08-25", "close": 6.032915, "volume": 585700, "typical_volume": 288995.0, "trend": 5.189524, "fair_value": 3.656114, "relative_strength": 15.614465, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.794076, "energy": 76.40776, "activity_lines": [ 5.899193, 5.622883, 5.242968, 5.179275 ] }, { "date": "2023-09-01", "close": 6.148635, "volume": 191500, "typical_volume": 280415.0, "trend": 5.204892, "fair_value": 3.689688, "relative_strength": 13.122584, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.070419, "energy": 88.199052, "activity_lines": [ 6.020057, 5.767809, 5.344558, 5.241153 ] }, { "date": "2023-09-08", "close": 6.00977, "volume": 106700, "typical_volume": 272090.0, "trend": 5.216367, "fair_value": 3.722415, "relative_strength": 12.527476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.762435, "energy": 80.373979, "activity_lines": [ 6.049887, 5.856879, 5.428814, 5.293081 ] }, { "date": "2023-09-15", "close": 6.179494, "volume": 395800, "typical_volume": 281470.0, "trend": 5.240131, "fair_value": 3.755763, "relative_strength": 12.063716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.136426, "energy": 71.464051, "activity_lines": [ 6.100804, 5.952541, 5.524785, 5.355218 ] }, { "date": "2023-09-22", "close": 6.140922, "volume": 247800, "typical_volume": 283730.0, "trend": 5.260645, "fair_value": 3.789118, "relative_strength": 15.373789, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.77216, "energy": 59.497139, "activity_lines": [ 6.118805, 6.017906, 5.611894, 5.413333 ] }, { "date": "2023-09-29", "close": 6.093013, "volume": 150100, "typical_volume": 276460.0, "trend": 5.267528, "fair_value": 3.821828, "relative_strength": 15.172777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.713486, "energy": 54.829094, "activity_lines": [ 6.115694, 6.056045, 5.68933, 5.467034 ] }, { "date": "2023-10-06", "close": 5.770673, "volume": 179300, "typical_volume": 276535.0, "trend": 5.280121, "fair_value": 3.852386, "relative_strength": 10.316956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.923058, "energy": 41.158317, "activity_lines": [ 6.001129, 6.023403, 5.730323, 5.499495 ] }, { "date": "2023-10-13", "close": 5.794259, "volume": 88700, "typical_volume": 265415.0, "trend": 5.303322, "fair_value": 3.883223, "relative_strength": 9.180639, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.477336, "energy": 31.921662, "activity_lines": [ 5.919624, 5.989718, 5.768422, 5.532666 ] }, { "date": "2023-10-20", "close": 5.92005, "volume": 206700, "typical_volume": 265875.0, "trend": 5.331208, "fair_value": 3.914951, "relative_strength": 13.353053, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.376404, "energy": 25.851695, "activity_lines": [ 5.894417, 5.973144, 5.812638, 5.572455 ] }, { "date": "2023-10-27", "close": 5.707778, "volume": 216500, "typical_volume": 266910.0, "trend": 5.35079, "fair_value": 3.945445, "relative_strength": 11.463117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.489464, "energy": 22.652872, "activity_lines": [ 5.815748, 5.917221, 5.830141, 5.596749 ] }, { "date": "2023-11-03", "close": 5.684191, "volume": 307400, "typical_volume": 272245.0, "trend": 5.369586, "fair_value": 3.975237, "relative_strength": 5.158932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.133826, "energy": 19.314584, "activity_lines": [ 5.758094, 5.863483, 5.839228, 5.618259 ] }, { "date": "2023-11-10", "close": 6.761278, "volume": 2502400, "typical_volume": 388980.0, "trend": 5.418764, "fair_value": 4.011638, "relative_strength": 25.897316, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.60802, "energy": 43.426708, "activity_lines": [ 6.086723, 6.011919, 5.945235, 5.708046 ] }, { "date": "2023-11-17", "close": 7.067895, "volume": 957500, "typical_volume": 423605.0, "trend": 5.485189, "fair_value": 4.048989, "relative_strength": 27.648575, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 83.350919, "energy": 73.245885, "activity_lines": [ 6.451518, 6.204965, 6.069509, 5.814441 ] }, { "date": "2023-11-24", "close": 7.04431, "volume": 735000, "typical_volume": 446800.0, "trend": 5.550326, "fair_value": 4.086019, "relative_strength": 26.99366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.477119, "energy": 86.092246, "activity_lines": [ 6.723542, 6.374484, 6.180143, 5.91503 ] }, { "date": "2023-12-01", "close": 7.280168, "volume": 311600, "typical_volume": 443100.0, "trend": 5.624079, "fair_value": 4.12418, "relative_strength": 28.250399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.901187, "energy": 90.715782, "activity_lines": [ 6.999234, 6.571163, 6.303023, 6.026632 ] }, { "date": "2023-12-08", "close": 6.690521, "volume": 495300, "typical_volume": 446485.0, "trend": 5.6842, "fair_value": 4.156487, "relative_strength": 18.156388, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.904853, "energy": 80.529639, "activity_lines": [ 6.973552, 6.639919, 6.359473, 6.095435 ] }, { "date": "2023-12-15", "close": 6.32101, "volume": 364300, "typical_volume": 458305.0, "trend": 5.73853, "fair_value": 4.186553, "relative_strength": 10.38165, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.965722, "energy": 49.493259, "activity_lines": [ 6.75761, 6.630628, 6.374697, 6.13652 ] }, { "date": "2023-12-22", "close": 6.486111, "volume": 816500, "typical_volume": 490965.0, "trend": 5.80263, "fair_value": 4.217762, "relative_strength": 11.189359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.883442, "energy": 34.31603, "activity_lines": [ 6.626054, 6.641349, 6.401627, 6.184751 ] }, { "date": "2023-12-29", "close": 6.522748, "volume": 166400, "typical_volume": 479110.0, "trend": 5.868203, "fair_value": 4.248759, "relative_strength": 11.283575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.946246, "energy": 21.743997, "activity_lines": [ 6.545495, 6.646152, 6.427244, 6.23121 ] }, { "date": "2024-01-05", "close": 6.627434, "volume": 214800, "typical_volume": 462000.0, "trend": 5.942034, "fair_value": 4.280086, "relative_strength": 12.883758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.19009, "energy": 21.854696, "activity_lines": [ 6.534602, 6.65903, 6.459764, 6.280192 ] }, { "date": "2024-01-12", "close": 6.699909, "volume": 239200, "typical_volume": 444675.0, "trend": 6.01552, "fair_value": 4.311492, "relative_strength": 13.595142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.174485, "energy": 23.362795, "activity_lines": [ 6.591384, 6.668365, 6.496502, 6.329088 ] }, { "date": "2024-01-19", "close": 7.408554, "volume": 405600, "typical_volume": 455380.0, "trend": 6.113631, "fair_value": 4.347655, "relative_strength": 25.630344, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.244322, "energy": 46.739424, "activity_lines": [ 6.883754, 6.788077, 6.597554, 6.418961 ] }, { "date": "2024-01-26", "close": 7.811193, "volume": 336500, "typical_volume": 466870.0, "trend": 6.218167, "fair_value": 4.38704, "relative_strength": 30.372907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.036016, "energy": 77.597398, "activity_lines": [ 7.237835, 6.969228, 6.730953, 6.528481 ] }, { "date": "2024-02-02", "close": 7.094496, "volume": 228800, "typical_volume": 458520.0, "trend": 6.291355, "fair_value": 4.420933, "relative_strength": 18.136148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.374879, "energy": 66.965224, "activity_lines": [ 7.264678, 7.006555, 6.787517, 6.585018 ] }, { "date": "2024-02-09", "close": 7.287763, "volume": 238500, "typical_volume": 458055.0, "trend": 6.363528, "fair_value": 4.455637, "relative_strength": 21.201152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.60871, "energy": 72.478476, "activity_lines": [ 7.317826, 7.078109, 6.85813, 6.649303 ] }, { "date": "2024-02-16", "close": 7.408554, "volume": 230100, "typical_volume": 462055.0, "trend": 6.429698, "fair_value": 4.491201, "relative_strength": 21.116044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.979949, "energy": 66.987101, "activity_lines": [ 7.367217, 7.171487, 6.934786, 6.716724 ] }, { "date": "2024-02-23", "close": 7.263604, "volume": 229400, "typical_volume": 464560.0, "trend": 6.489237, "fair_value": 4.525623, "relative_strength": 17.35537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.935047, "energy": 42.422895, "activity_lines": [ 7.321047, 7.225456, 6.991373, 6.770524 ] }, { "date": "2024-03-01", "close": 7.497135, "volume": 627500, "typical_volume": 491500.0, "trend": 6.556559, "fair_value": 4.56184, "relative_strength": 19.852933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.041357, "energy": 45.425768, "activity_lines": [ 7.362385, 7.304747, 7.063091, 6.83555 ] }, { "date": "2024-03-08", "close": 7.408554, "volume": 238500, "typical_volume": 493090.0, "trend": 6.607557, "fair_value": 4.597062, "relative_strength": 16.900797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.219332, "energy": 43.742139, "activity_lines": [ 7.395133, 7.349549, 7.118264, 6.890517 ] }, { "date": "2024-03-15", "close": 7.126707, "volume": 505600, "typical_volume": 507545.0, "trend": 6.642988, "fair_value": 4.63005, "relative_strength": 11.414016, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.027346, "energy": 32.804902, "activity_lines": [ 7.312995, 7.327002, 7.139507, 6.924011 ] }, { "date": "2024-03-22", "close": 7.33608, "volume": 878900, "typical_volume": 536120.0, "trend": 6.686427, "fair_value": 4.664936, "relative_strength": 13.439282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.254183, "energy": 31.352129, "activity_lines": [ 7.311384, 7.333444, 7.173933, 6.968726 ] }, { "date": "2024-03-29", "close": 7.440055, "volume": 320600, "typical_volume": 427030.0, "trend": 6.729474, "fair_value": 4.700681, "relative_strength": 13.4976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.506534, "energy": 32.78446, "activity_lines": [ 7.349264, 7.347224, 7.210395, 7.017347 ] }, { "date": "2024-04-05", "close": 7.793953, "volume": 507500, "typical_volume": 404530.0, "trend": 6.788947, "fair_value": 4.737832, "relative_strength": 17.637616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.196981, "energy": 40.641194, "activity_lines": [ 7.493346, 7.424777, 7.27733, 7.086023 ] }, { "date": "2024-04-12", "close": 7.579969, "volume": 351500, "typical_volume": 385355.0, "trend": 6.83563, "fair_value": 4.772662, "relative_strength": 15.644398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.75162, "energy": 39.509195, "activity_lines": [ 7.546313, 7.463736, 7.320427, 7.137057 ] }, { "date": "2024-04-19", "close": 7.448287, "volume": 301800, "typical_volume": 384865.0, "trend": 6.879208, "fair_value": 4.806088, "relative_strength": 13.416181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.483348, "energy": 38.390362, "activity_lines": [ 7.543957, 7.469927, 7.348433, 7.176583 ] }, { "date": "2024-04-26", "close": 7.514127, "volume": 244000, "typical_volume": 372300.0, "trend": 6.926579, "fair_value": 4.839202, "relative_strength": 12.888549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.611374, "energy": 36.981281, "activity_lines": [ 7.54211, 7.48517, 7.381909, 7.217546 ] }, { "date": "2024-05-03", "close": 7.201381, "volume": 303300, "typical_volume": 369250.0, "trend": 6.974269, "fair_value": 4.870225, "relative_strength": 7.740636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.596928, "energy": 20.115511, "activity_lines": [ 7.424144, 7.441631, 7.381677, 7.235275 ] }, { "date": "2024-05-10", "close": 7.036778, "volume": 393400, "typical_volume": 348095.0, "trend": 7.015686, "fair_value": 4.899934, "relative_strength": 3.076704, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.052749, "energy": 12.127871, "activity_lines": [ 7.267223, 7.369295, 7.361577, 7.239308 ] }, { "date": "2024-05-17", "close": 7.440055, "volume": 459900, "typical_volume": 362770.0, "trend": 7.066353, "fair_value": 4.931582, "relative_strength": 7.544433, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.392537, "energy": 16.918251, "activity_lines": [ 7.295205, 7.378653, 7.377262, 7.266687 ] }, { "date": "2024-05-24", "close": 7.176691, "volume": 191000, "typical_volume": 361580.0, "trend": 7.115317, "fair_value": 4.96098, "relative_strength": 3.809765, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.394903, "energy": 12.377751, "activity_lines": [ 7.244727, 7.339553, 7.363496, 7.273805 ] }, { "date": "2024-05-31", "close": 7.621119, "volume": 886300, "typical_volume": 393935.0, "trend": 7.179881, "fair_value": 4.992666, "relative_strength": 9.713227, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.47386, "energy": 13.391197, "activity_lines": [ 7.360497, 7.38035, 7.389442, 7.306438 ] }, { "date": "2024-06-07", "close": 7.193151, "volume": 310900, "typical_volume": 389200.0, "trend": 7.194277, "fair_value": 5.020229, "relative_strength": 4.111334, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.376486, "energy": 6.545536, "activity_lines": [ 7.326479, 7.338151, 7.370242, 7.307294 ] }, { "date": "2024-06-14", "close": 7.160231, "volume": 261600, "typical_volume": 385455.0, "trend": 7.197355, "fair_value": 5.047711, "relative_strength": 4.717859, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.998335, "energy": 5.079947, "activity_lines": [ 7.282037, 7.294457, 7.348932, 7.305097 ] }, { "date": "2024-06-21", "close": 7.316604, "volume": 228200, "typical_volume": 385425.0, "trend": 7.206431, "fair_value": 5.075504, "relative_strength": 6.711712, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.88502, "energy": 6.729887, "activity_lines": [ 7.281488, 7.290716, 7.345615, 7.312791 ] }, { "date": "2024-06-28", "close": 7.629168, "volume": 428300, "typical_volume": 394915.0, "trend": 7.218065, "fair_value": 5.10489, "relative_strength": 8.869442, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.078687, "energy": 15.073335, "activity_lines": [ 7.393358, 7.348593, 7.371008, 7.340064 ] }, { "date": "2024-07-05", "close": 7.654402, "volume": 352600, "typical_volume": 401040.0, "trend": 7.250194, "fair_value": 5.135305, "relative_strength": 7.676191, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.905434, "energy": 32.574974, "activity_lines": [ 7.483474, 7.40777, 7.397179, 7.368215 ] }, { "date": "2024-07-12", "close": 7.906746, "volume": 292700, "typical_volume": 404205.0, "trend": 7.303052, "fair_value": 5.167988, "relative_strength": 7.595721, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.609739, "energy": 55.280359, "activity_lines": [ 7.655485, 7.510277, 7.446211, 7.410573 ] }, { "date": "2024-07-19", "close": 8.537603, "volume": 525300, "typical_volume": 399095.0, "trend": 7.371435, "fair_value": 5.204975, "relative_strength": 15.32537, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.118078, "energy": 77.039173, "activity_lines": [ 7.99021, 7.71466, 7.552263, 7.490221 ] }, { "date": "2024-07-26", "close": 8.58807, "volume": 270200, "typical_volume": 400680.0, "trend": 7.440279, "fair_value": 5.242156, "relative_strength": 14.634759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.54559, "energy": 82.044624, "activity_lines": [ 8.249931, 7.900932, 7.658167, 7.568714 ] }, { "date": "2024-08-02", "close": 8.335728, "volume": 343600, "typical_volume": 392580.0, "trend": 7.497222, "fair_value": 5.276374, "relative_strength": 13.512244, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.010486, "energy": 76.58475, "activity_lines": [ 8.340775, 8.02045, 7.734421, 7.626485 ] }, { "date": "2024-08-09", "close": 8.352551, "volume": 239200, "typical_volume": 360595.0, "trend": 7.55231, "fair_value": 5.31057, "relative_strength": 12.748224, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.564656, "energy": 74.714026, "activity_lines": [ 8.390122, 8.121953, 7.80652, 7.681667 ] }, { "date": "2024-08-16", "close": 8.781534, "volume": 280700, "typical_volume": 358600.0, "trend": 7.598076, "fair_value": 5.348601, "relative_strength": 14.221401, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.352243, "energy": 73.141995, "activity_lines": [ 8.53592, 8.288155, 7.914634, 7.760972 ] }, { "date": "2024-08-23", "close": 8.495545, "volume": 279900, "typical_volume": 347220.0, "trend": 7.620888, "fair_value": 5.38341, "relative_strength": 9.021424, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.887419, "energy": 48.808576, "activity_lines": [ 8.528069, 8.373479, 7.989124, 7.818873 ] }, { "date": "2024-08-30", "close": 8.318905, "volume": 257100, "typical_volume": 342500.0, "trend": 7.661702, "fair_value": 5.417781, "relative_strength": 6.131833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.659472, "energy": 43.258749, "activity_lines": [ 8.464142, 8.402408, 8.043449, 7.863907 ] }, { "date": "2024-09-06", "close": 7.746929, "volume": 367100, "typical_volume": 345765.0, "trend": 7.677007, "fair_value": 5.448268, "relative_strength": 1.049451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.348232, "energy": 24.785176, "activity_lines": [ 8.227501, 8.309117, 8.039782, 7.869405 ] }, { "date": "2024-09-13", "close": 7.713282, "volume": 433600, "typical_volume": 355245.0, "trend": 7.687165, "fair_value": 5.47841, "relative_strength": -2.903508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.488423, "energy": 17.886073, "activity_lines": [ 8.018898, 8.207569, 8.031488, 7.871745 ] }, { "date": "2024-09-20", "close": 8.074974, "volume": 436600, "typical_volume": 361910.0, "trend": 7.71421, "fair_value": 5.510784, "relative_strength": 0.21807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.880361, "energy": 20.743173, "activity_lines": [ 7.973476, 8.170711, 8.056693, 7.896765 ] }, { "date": "2024-09-27", "close": 7.773853, "volume": 598000, "typical_volume": 372140.0, "trend": 7.723434, "fair_value": 5.539178, "relative_strength": -3.948617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.826712, "energy": 18.395565, "activity_lines": [ 7.874785, 8.076046, 8.04906, 7.900613 ] }, { "date": "2024-10-04", "close": 8.289816, "volume": 511700, "typical_volume": 374730.0, "trend": 7.75281, "fair_value": 5.569564, "relative_strength": 1.303849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.887889, "energy": 16.989805, "activity_lines": [ 7.996194, 8.089078, 8.087056, 7.937154 ] }, { "date": "2024-10-11", "close": 8.582196, "volume": 638600, "typical_volume": 397110.0, "trend": 7.801326, "fair_value": 5.601036, "relative_strength": 3.244396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.803994, "energy": 26.817932, "activity_lines": [ 8.217002, 8.160694, 8.148851, 7.990663 ] }, { "date": "2024-10-18", "close": 8.289816, "volume": 402900, "typical_volume": 372940.0, "trend": 7.833117, "fair_value": 5.631729, "relative_strength": -1.819225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.942573, "energy": 23.708317, "activity_lines": [ 8.284666, 8.174668, 8.176108, 8.022178 ] }, { "date": "2024-10-25", "close": 8.195224, "volume": 303200, "typical_volume": 372555.0, "trend": 7.85829, "fair_value": 5.662343, "relative_strength": -1.684815, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.93619, "energy": 30.433604, "activity_lines": [ 8.282364, 8.172584, 8.191172, 8.04554 ] }, { "date": "2024-11-01", "close": 8.066234, "volume": 399100, "typical_volume": 379430.0, "trend": 7.867366, "fair_value": 5.69191, "relative_strength": -2.652276, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.474955, "energy": 25.717281, "activity_lines": [ 8.229048, 8.157708, 8.189179, 8.058956 ] }, { "date": "2024-11-08", "close": 8.556397, "volume": 430000, "typical_volume": 389520.0, "trend": 7.899913, "fair_value": 5.72532, "relative_strength": 1.151454, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 57.552431, "energy": 29.897271, "activity_lines": [ 8.319628, 8.239758, 8.229554, 8.103409 ] }, { "date": "2024-11-15", "close": 8.100631, "volume": 276500, "typical_volume": 381930.0, "trend": 7.921658, "fair_value": 5.757957, "relative_strength": -4.608121, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.275513, "energy": 18.60668, "activity_lines": [ 8.240514, 8.234623, 8.220619, 8.116359 ] }, { "date": "2024-11-22", "close": 8.5306, "volume": 422500, "typical_volume": 385425.0, "trend": 7.95554, "fair_value": 5.793263, "relative_strength": -1.646555, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.374354, "energy": 26.580689, "activity_lines": [ 8.336827, 8.301233, 8.250388, 8.155646 ] }, { "date": "2024-11-29", "close": 8.418809, "volume": 220800, "typical_volume": 381830.0, "trend": 7.996121, "fair_value": 5.828861, "relative_strength": -3.555611, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.218981, "energy": 29.294587, "activity_lines": [ 8.379824, 8.332658, 8.265338, 8.185534 ] }, { "date": "2024-12-06", "close": 8.092031, "volume": 354400, "typical_volume": 373285.0, "trend": 8.031296, "fair_value": 5.860391, "relative_strength": -7.383343, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.447119, "energy": 16.695506, "activity_lines": [ 8.29899, 8.298417, 8.246728, 8.191722 ] }, { "date": "2024-12-13", "close": 8.126429, "volume": 188700, "typical_volume": 369210.0, "trend": 8.054176, "fair_value": 5.893544, "relative_strength": -5.526023, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.459727, "energy": 11.797227, "activity_lines": [ 8.227902, 8.264645, 8.233516, 8.197859 ] }, { "date": "2024-12-20", "close": 7.756655, "volume": 720900, "typical_volume": 388075.0, "trend": 8.073508, "fair_value": 5.924415, "relative_strength": -7.375788, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.14601, "energy": 16.65814, "activity_lines": [ 8.06222, 8.166611, 8.187286, 8.178664 ] }, { "date": "2024-12-27", "close": 8.031835, "volume": 130400, "typical_volume": 382635.0, "trend": 8.087198, "fair_value": 5.95612, "relative_strength": -4.919533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.933342, "energy": 19.806353, "activity_lines": [ 8.011197, 8.133621, 8.170021, 8.175976 ] }, { "date": "2025-01-03", "close": 8.409307, "volume": 229500, "typical_volume": 380075.0, "trend": 8.127737, "fair_value": 5.990156, "relative_strength": -1.655869, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.18933, "energy": 8.745992, "activity_lines": [ 8.119249, 8.173952, 8.190232, 8.196757 ] }, { "date": "2025-01-10", "close": 8.391733, "volume": 184800, "typical_volume": 375320.0, "trend": 8.168787, "fair_value": 6.02266, "relative_strength": -0.759524, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.018134, "energy": 10.221941, "activity_lines": [ 8.222076, 8.207196, 8.210543, 8.213789 ] }, { "date": "2025-01-17", "close": 8.43567, "volume": 303400, "typical_volume": 377635.0, "trend": 8.206089, "fair_value": 6.055491, "relative_strength": -1.335385, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.128904, "energy": 26.269509, "activity_lines": [ 8.319569, 8.24251, 8.235532, 8.231007 ] }, { "date": "2025-01-24", "close": 8.409307, "volume": 282900, "typical_volume": 373425.0, "trend": 8.232094, "fair_value": 6.086866, "relative_strength": -2.974317, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.644201, "energy": 31.07694, "activity_lines": [ 8.387658, 8.275226, 8.257454, 8.244118 ] }, { "date": "2025-01-31", "close": 8.049034, "volume": 382000, "typical_volume": 370845.0, "trend": 8.245248, "fair_value": 6.115133, "relative_strength": -7.2548, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.010394, "energy": 7.407071, "activity_lines": [ 8.292145, 8.236825, 8.241911, 8.232308 ] }, { "date": "2025-02-07", "close": 8.066608, "volume": 252800, "typical_volume": 361655.0, "trend": 8.250577, "fair_value": 6.14134, "relative_strength": -6.565095, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.114349, "energy": 12.804231, "activity_lines": [ 8.201345, 8.210376, 8.226443, 8.220783 ] }, { "date": "2025-02-14", "close": 8.013886, "volume": 162200, "typical_volume": 339865.0, "trend": 8.23312, "fair_value": 6.167342, "relative_strength": -7.143273, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.917224, "energy": 21.268933, "activity_lines": [ 8.115817, 8.180744, 8.205993, 8.205512 ] }, { "date": "2025-02-21", "close": 7.838143, "volume": 241000, "typical_volume": 326330.0, "trend": 8.208122, "fair_value": 6.191463, "relative_strength": -7.821355, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.920352, "energy": 40.435783, "activity_lines": [ 7.996897, 8.12058, 8.167662, 8.18003 ] }, { "date": "2025-02-28", "close": 7.952376, "volume": 398000, "typical_volume": 314300.0, "trend": 8.195344, "fair_value": 6.215208, "relative_strength": -7.202702, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.210509, "energy": 46.596324, "activity_lines": [ 7.955891, 8.086427, 8.142362, 8.16353 ] }, { "date": "2025-03-07", "close": 7.627251, "volume": 553600, "typical_volume": 321835.0, "trend": 8.171167, "fair_value": 6.235672, "relative_strength": -8.544285, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.022686, "energy": 60.6725, "activity_lines": [ 7.836971, 7.989601, 8.089097, 8.126879 ] }, { "date": "2025-03-14", "close": 7.671187, "volume": 204500, "typical_volume": 316900.0, "trend": 8.134155, "fair_value": 6.258146, "relative_strength": -7.175128, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.192594, "energy": 60.007176, "activity_lines": [ 7.760816, 7.90812, 8.043171, 8.094622 ] }, { "date": "2025-03-21", "close": 7.90844, "volume": 161400, "typical_volume": 305015.0, "trend": 8.114585, "fair_value": 6.279702, "relative_strength": -5.803901, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.958669, "energy": 45.973149, "activity_lines": [ 7.790106, 7.883197, 8.022336, 8.08006 ] }, { "date": "2025-03-28", "close": 8.057821, "volume": 143600, "typical_volume": 290695.0, "trend": 8.105882, "fair_value": 6.301823, "relative_strength": -3.156893, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.628888, "energy": 30.459747, "activity_lines": [ 7.87622, 7.894221, 8.01648, 8.076398 ] }, { "date": "2025-04-04", "close": 6.845106, "volume": 407900, "typical_volume": 297265.0, "trend": 8.075822, "fair_value": 6.315407, "relative_strength": -11.901411, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.056288, "energy": 59.716913, "activity_lines": [ 7.543451, 7.691621, 7.8975, 7.995057 ] }, { "date": "2025-04-11", "close": 6.881039, "volume": 897200, "typical_volume": 321000.0, "trend": 8.04808, "fair_value": 6.328235, "relative_strength": -12.646579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.020416, "energy": 62.579295, "activity_lines": [ 7.296477, 7.523994, 7.787922, 7.917974 ] }, { "date": "2025-04-18", "close": 7.051717, "volume": 383700, "typical_volume": 329145.0, "trend": 8.013972, "fair_value": 6.340944, "relative_strength": -12.466148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.232145, "energy": 67.11565, "activity_lines": [ 7.156143, 7.408636, 7.702454, 7.853693 ] }, { "date": "2025-04-25", "close": 7.078666, "volume": 294800, "typical_volume": 326165.0, "trend": 7.990799, "fair_value": 6.355083, "relative_strength": -13.695565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.015498, "energy": 71.004538, "activity_lines": [ 7.06609, 7.316631, 7.626062, 7.793351 ] }, { "date": "2025-05-02", "close": 6.961886, "volume": 205200, "typical_volume": 326990.0, "trend": 7.946534, "fair_value": 6.370359, "relative_strength": -15.964449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.661302, "energy": 63.450206, "activity_lines": [ 6.992429, 7.220396, 7.543374, 7.726969 ] }, { "date": "2025-05-09", "close": 7.069683, "volume": 331700, "typical_volume": 307530.0, "trend": 7.896117, "fair_value": 6.38821, "relative_strength": -15.581356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.516967, "energy": 48.341476, "activity_lines": [ 7.027762, 7.159694, 7.476498, 7.670398 ] }, { "date": "2025-05-16", "close": 7.420023, "volume": 1253400, "typical_volume": 363680.0, "trend": 7.867124, "fair_value": 6.40898, "relative_strength": -13.263566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.842836, "energy": 34.992173, "activity_lines": [ 7.164904, 7.178738, 7.446259, 7.639682 ] }, { "date": "2025-05-23", "close": 7.087649, "volume": 194600, "typical_volume": 361935.0, "trend": 7.830205, "fair_value": 6.425825, "relative_strength": -16.622655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.468943, "energy": 29.516214, "activity_lines": [ 7.155322, 7.141118, 7.387278, 7.589394 ] }, { "date": "2025-05-30", "close": 7.141548, "volume": 238100, "typical_volume": 364600.0, "trend": 7.799382, "fair_value": 6.443329, "relative_strength": -16.596912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.043415, "energy": 24.804211, "activity_lines": [ 7.16131, 7.123908, 7.339725, 7.544964 ] }, { "date": "2025-06-06", "close": 7.17748, "volume": 554800, "typical_volume": 377170.0, "trend": 7.753418, "fair_value": 6.46039, "relative_strength": -16.712194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.740148, "energy": 22.883908, "activity_lines": [ 7.175085, 7.127175, 7.301546, 7.504841 ] }, { "date": "2025-06-13", "close": 7.635618, "volume": 881900, "typical_volume": 407120.0, "trend": 7.737918, "fair_value": 6.485235, "relative_strength": -11.424058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.462484, "energy": 14.002846, "activity_lines": [ 7.327198, 7.229745, 7.312992, 7.497241 ] }, { "date": "2025-06-20", "close": 7.914093, "volume": 829900, "typical_volume": 429515.0, "trend": 7.717368, "fair_value": 6.513526, "relative_strength": -7.948193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.293389, "energy": 10.275754, "activity_lines": [ 7.534408, 7.368575, 7.354643, 7.508608 ] }, { "date": "2025-06-27", "close": 7.41104, "volume": 798900, "typical_volume": 456820.0, "trend": 7.683775, "fair_value": 6.538995, "relative_strength": -14.066019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.421191, "energy": 14.596117, "activity_lines": [ 7.540996, 7.397157, 7.349026, 7.488844 ] }, { "date": "2025-07-04", "close": 7.576752, "volume": 431900, "typical_volume": 470305.0, "trend": 7.666599, "fair_value": 6.566891, "relative_strength": -12.962576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.897817, "energy": 16.982069, "activity_lines": [ 7.581261, 7.449336, 7.362314, 7.48194 ] }, { "date": "2025-07-11", "close": 7.604371, "volume": 303300, "typical_volume": 473420.0, "trend": 7.649197, "fair_value": 6.596103, "relative_strength": -12.202876, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.070448, "energy": 18.046339, "activity_lines": [ 7.601719, 7.49748, 7.380313, 7.477925 ] }, { "date": "2025-07-18", "close": 7.641197, "volume": 399400, "typical_volume": 473490.0, "trend": 7.645349, "fair_value": 6.622956, "relative_strength": -12.208261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.787864, "energy": 16.990299, "activity_lines": [ 7.605993, 7.540639, 7.402933, 7.477409 ] }, { "date": "2025-07-25", "close": 7.604371, "volume": 250600, "typical_volume": 458340.0, "trend": 7.6311, "fair_value": 6.644928, "relative_strength": -12.678448, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.125504, "energy": 14.655177, "activity_lines": [ 7.59762, 7.56671, 7.423528, 7.474765 ] }, { "date": "2025-08-01", "close": 7.539927, "volume": 830000, "typical_volume": 489615.0, "trend": 7.602121, "fair_value": 6.669355, "relative_strength": -11.38326, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.935388, "energy": 9.189772, "activity_lines": [ 7.588414, 7.577713, 7.438094, 7.468883 ] }, { "date": "2025-08-08", "close": 6.996758, "volume": 765100, "typical_volume": 519800.0, "trend": 7.555622, "fair_value": 6.684017, "relative_strength": -19.351873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.263004, "energy": 21.736234, "activity_lines": [ 7.389558, 7.481735, 7.401554, 7.429827 ] }, { "date": "2025-08-15", "close": 6.987552, "volume": 731500, "typical_volume": 549195.0, "trend": 7.507351, "fair_value": 6.700624, "relative_strength": -19.233143, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.823625, "energy": 30.760269, "activity_lines": [ 7.226301, 7.386715, 7.36848, 7.393178 ] }, { "date": "2025-08-22", "close": 7.19009, "volume": 878200, "typical_volume": 572710.0, "trend": 7.46671, "fair_value": 6.717345, "relative_strength": -17.578513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.448327, "energy": 37.41527, "activity_lines": [ 7.171677, 7.331974, 7.359791, 7.372709 ] }, { "date": "2025-08-29", "close": 7.153265, "volume": 413900, "typical_volume": 548545.0, "trend": 7.436851, "fair_value": 6.735788, "relative_strength": -18.123337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.730799, "energy": 45.293462, "activity_lines": [ 7.134852, 7.278637, 7.345952, 7.352487 ] }, { "date": "2025-09-05", "close": 6.950727, "volume": 491200, "typical_volume": 553920.0, "trend": 7.399655, "fair_value": 6.752204, "relative_strength": -21.273925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.561663, "energy": 55.301767, "activity_lines": [ 7.060588, 7.202309, 7.311527, 7.321124 ] }, { "date": "2025-09-12", "close": 6.895489, "volume": 988100, "typical_volume": 588585.0, "trend": 7.362375, "fair_value": 6.767901, "relative_strength": -22.068851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.125261, "energy": 53.912472, "activity_lines": [ 7.007192, 7.124307, 7.272323, 7.288597 ] }, { "date": "2025-09-19", "close": 7.005965, "volume": 550800, "typical_volume": 605865.0, "trend": 7.334636, "fair_value": 6.786493, "relative_strength": -21.595374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.963974, "energy": 47.601436, "activity_lines": [ 6.997372, 7.078778, 7.244512, 7.265603 ] }, { "date": "2025-09-26", "close": 7.309771, "volume": 945200, "typical_volume": 636540.0, "trend": 7.313216, "fair_value": 6.806529, "relative_strength": -17.760323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.917145, "energy": 29.378467, "activity_lines": [ 7.087593, 7.099366, 7.245426, 7.263999 ] }, { "date": "2025-10-03", "close": 7.432545, "volume": 802500, "typical_volume": 613995.0, "trend": 7.306726, "fair_value": 6.825083, "relative_strength": -17.803669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.571746, "energy": 10.53726, "activity_lines": [ 7.210761, 7.148303, 7.256889, 7.271697 ] }, { "date": "2025-10-10", "close": 7.14922, "volume": 675200, "typical_volume": 638025.0, "trend": 7.289327, "fair_value": 6.841311, "relative_strength": -18.706838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.540421, "energy": 16.80004, "activity_lines": [ 7.220867, 7.148851, 7.241309, 7.261536 ] }, { "date": "2025-10-17", "close": 6.979226, "volume": 546900, "typical_volume": 653465.0, "trend": 7.258353, "fair_value": 6.852002, "relative_strength": -20.790591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.209648, "energy": 19.834943, "activity_lines": [ 7.161077, 7.125594, 7.209246, 7.241529 ] }, { "date": "2025-10-24", "close": 7.064223, "volume": 1313600, "typical_volume": 691405.0, "trend": 7.225233, "fair_value": 6.859764, "relative_strength": -19.933978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.226282, "energy": 6.422104, "activity_lines": [ 7.124036, 7.11811, 7.18605, 7.229005 ] }, { "date": "2025-10-31", "close": 7.196441, "volume": 810300, "typical_volume": 687825.0, "trend": 7.236944, "fair_value": 6.866011, "relative_strength": -17.670321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.971974, "energy": 22.081898, "activity_lines": [ 7.127184, 7.133272, 7.175987, 7.227147 ] }, { "date": "2025-11-07", "close": 6.695901, "volume": 1689000, "typical_volume": 730780.0, "trend": 7.230773, "fair_value": 6.868539, "relative_strength": -21.871003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.637913, "energy": 51.840429, "activity_lines": [ 6.971041, 7.05731, 7.120344, 7.192241 ] }, { "date": "2025-11-14", "close": 6.71479, "volume": 646400, "typical_volume": 723155.0, "trend": 7.219542, "fair_value": 6.874663, "relative_strength": -22.177563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.748029, "energy": 58.321901, "activity_lines": [ 6.870303, 6.993099, 7.072301, 7.158952 ] }, { "date": "2025-11-21", "close": 6.743122, "volume": 509500, "typical_volume": 727035.0, "trend": 7.208357, "fair_value": 6.88222, "relative_strength": -20.821837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.753345, "energy": 61.196218, "activity_lines": [ 6.807972, 6.938329, 7.030272, 7.128215 ] }, { "date": "2025-11-28", "close": 7.073667, "volume": 428100, "typical_volume": 733275.0, "trend": 7.212083, "fair_value": 6.891849, "relative_strength": -19.611976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.896175, "energy": 52.017007, "activity_lines": [ 6.871562, 6.946429, 7.023692, 7.119525 ] }, { "date": "2025-12-05", "close": 7.385324, "volume": 721200, "typical_volume": 749365.0, "trend": 7.222605, "fair_value": 6.903522, "relative_strength": -15.419941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.94023, "energy": 11.705639, "activity_lines": [ 7.038409, 7.009962, 7.049322, 7.130702 ] }, { "date": "2025-12-12", "close": 7.186997, "volume": 637100, "typical_volume": 768690.0, "trend": 7.214837, "fair_value": 6.914063, "relative_strength": -17.724297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.931987, "energy": 14.948698, "activity_lines": [ 7.126554, 7.036062, 7.057282, 7.128405 ] }, { "date": "2025-12-19", "close": 7.120888, "volume": 658200, "typical_volume": 760100.0, "trend": 7.215945, "fair_value": 6.923577, "relative_strength": -18.552544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.816274, "energy": 19.319852, "activity_lines": [ 7.159924, 7.054607, 7.060933, 7.122344 ] }, { "date": "2025-12-26", "close": 7.186997, "volume": 287500, "typical_volume": 736220.0, "trend": 7.21746, "fair_value": 6.932953, "relative_strength": -17.85334, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.113405, "energy": 15.884672, "activity_lines": [ 7.188256, 7.085687, 7.072876, 7.120476 ] }, { "date": "2026-01-02", "close": 7.416158, "volume": 647000, "typical_volume": 731995.0, "trend": 7.225416, "fair_value": 6.945167, "relative_strength": -14.305053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.457689, "energy": 23.342903, "activity_lines": [ 7.263384, 7.154655, 7.105738, 7.133295 ] }, { "date": "2026-01-09", "close": 7.348298, "volume": 799400, "typical_volume": 728055.0, "trend": 7.215839, "fair_value": 6.954584, "relative_strength": -16.315574, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.449166, "energy": 24.882168, "activity_lines": [ 7.293059, 7.204886, 7.130096, 7.141223 ] }, { "date": "2026-01-16", "close": 7.60035, "volume": 892600, "typical_volume": 751990.0, "trend": 7.205381, "fair_value": 6.964106, "relative_strength": -13.910823, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.195494, "energy": 42.397689, "activity_lines": [ 7.40922, 7.298183, 7.177705, 7.16603 ] }, { "date": "2026-01-23", "close": 7.891181, "volume": 796600, "typical_volume": 767260.0, "trend": 7.221385, "fair_value": 6.976248, "relative_strength": -10.303531, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.664758, "energy": 58.382552, "activity_lines": [ 7.594767, 7.427914, 7.250884, 7.210275 ] }, { "date": "2026-01-30", "close": 8.11415, "volume": 844900, "typical_volume": 760100.0, "trend": 7.239299, "fair_value": 6.991803, "relative_strength": -3.814508, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.403447, "energy": 76.823323, "activity_lines": [ 7.803285, 7.576796, 7.340819, 7.267873 ] }, { "date": "2026-02-06", "close": 8.38559, "volume": 604200, "typical_volume": 762770.0, "trend": 7.265339, "fair_value": 7.00924, "relative_strength": -1.852931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.873, "energy": 84.640244, "activity_lines": [ 8.040473, 7.750104, 7.450803, 7.341827 ] }, { "date": "2026-02-13", "close": 8.647337, "volume": 535200, "typical_volume": 742270.0, "trend": 7.298877, "fair_value": 7.029629, "relative_strength": -0.24718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.425482, "energy": 90.385793, "activity_lines": [ 8.30028, 7.947148, 7.579145, 7.430989 ] }, { "date": "2026-02-20", "close": 8.792752, "volume": 565800, "typical_volume": 730435.0, "trend": 7.33849, "fair_value": 7.050573, "relative_strength": -0.423008, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.892099, "energy": 92.308241, "activity_lines": [ 8.521957, 8.147686, 7.714967, 7.527368 ] }, { "date": "2026-02-27", "close": 11.681661, "volume": 2729800, "typical_volume": 833165.0, "trend": 7.476548, "fair_value": 7.087721, "relative_strength": 30.022014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.093058, "energy": 98.834639, "activity_lines": [ 9.62711, 8.844284, 8.119446, 7.807572 ] }, { "date": "2026-03-06", "close": 12.176072, "volume": 2073300, "typical_volume": 909485.0, "trend": 7.649192, "fair_value": 7.131203, "relative_strength": 40.053948, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.315865, "energy": 99.214871, "activity_lines": [ 10.644368, 9.547852, 8.549429, 8.110767 ] }, { "date": "2026-03-13", "close": 12.176072, "volume": 1402500, "typical_volume": 913930.0, "trend": 7.822142, "fair_value": 7.176574, "relative_strength": 41.745339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.685309, "energy": 97.026262, "activity_lines": [ 11.390831, 10.16071, 8.954665, 8.402824 ] }, { "date": "2026-03-20", "close": 13.07253, "volume": 1785300, "typical_volume": 962680.0, "trend": 8.018224, "fair_value": 7.227786, "relative_strength": 56.980063, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.817535, "energy": 97.096102, "activity_lines": [ 12.183415, 10.850016, 9.420936, 8.741559 ] }, { "date": "2026-03-27", "close": 13.427173, "volume": 1278400, "typical_volume": 942150.0, "trend": 8.227354, "fair_value": 7.281035, "relative_strength": 56.919026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.054385, "energy": 94.987327, "activity_lines": [ 12.7992, 11.499726, 9.893001, 9.090523 ] }, { "date": "2026-04-03", "close": 12.46, "volume": 1616400, "typical_volume": 990650.0, "trend": 8.410996, "fair_value": 7.328085, "relative_strength": 39.753832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.453189, "energy": 68.565222, "activity_lines": [ 12.783633, 11.867643, 10.2409, 9.363597 ] }, { "date": "2026-04-10", "close": 11.91, "volume": 960600, "typical_volume": 1013205.0, "trend": 8.578147, "fair_value": 7.370546, "relative_strength": 30.679277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.554677, "energy": 66.844485, "activity_lines": [ 12.532843, 12.052492, 10.509061, 9.589339 ] }, { "date": "2026-04-17", "close": 11.2, "volume": 945900, "typical_volume": 1039095.0, "trend": 8.717948, "fair_value": 7.409808, "relative_strength": 20.265594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.577513, "energy": 59.548491, "activity_lines": [ 12.063125, 12.039234, 10.684998, 9.758491 ] }, { "date": "2026-04-24", "close": 12.4, "volume": 662700, "typical_volume": 1036170.0, "trend": 8.887622, "fair_value": 7.456666, "relative_strength": 34.133673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.44279, "energy": 47.981032, "activity_lines": [ 12.058478, 12.192987, 10.955571, 9.996043 ] }, { "date": "2026-05-01", "close": 12.247476, "volume": 1049600, "typical_volume": 1056795.0, "trend": 9.04812, "fair_value": 7.502691, "relative_strength": 31.760577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.0427, "energy": 41.351606, "activity_lines": [ 12.047825, 12.250778, 11.18774, 10.212808 ] }, { "date": "2026-05-08", "close": 10.87466, "volume": 1569300, "typical_volume": 1102350.0, "trend": 9.172301, "fair_value": 7.541074, "relative_strength": 16.022991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.38915, "energy": 30.491923, "activity_lines": [ 11.658214, 11.996152, 11.265066, 10.330649 ] }, { "date": "2026-05-15", "close": 11.276699, "volume": 718200, "typical_volume": 1123885.0, "trend": 9.31555, "fair_value": 7.583289, "relative_strength": 20.779464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.644065, "energy": 27.861619, "activity_lines": [ 11.508304, 11.829298, 11.362806, 10.466417 ] }, { "date": "2026-05-22", "close": 11.668932, "volume": 940700, "typical_volume": 1138570.0, "trend": 9.469041, "fair_value": 7.62884, "relative_strength": 22.117211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.654403, "energy": 22.105281, "activity_lines": [ 11.531359, 11.750111, 11.478428, 10.618248 ] }, { "date": "2026-05-29", "close": 10.747185, "volume": 818700, "typical_volume": 1139535.0, "trend": 9.587399, "fair_value": 7.668529, "relative_strength": 11.228145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.164894, "energy": 22.916381, "activity_lines": [ 11.215903, 11.512554, 11.486012, 10.700709 ] }, { "date": "2026-06-05", "close": 10.972718, "volume": 158900, "typical_volume": 1102850.0, "trend": 9.729959, "fair_value": 7.710582, "relative_strength": 14.361639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.547582, "energy": 15.977507, "activity_lines": [ 11.085812, 11.358282, 11.498891, 10.790084 ] }, { "date": "2026-06-12", "close": 11.04136, "volume": 122700, "typical_volume": 1069155.0, "trend": 9.874178, "fair_value": 7.752544, "relative_strength": 13.131789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.876566, "energy": 14.465098, "activity_lines": [ 11.063586, 11.261118, 11.502248, 10.874691 ] }, { "date": "2026-06-19", "close": 10.68835, "volume": 39800, "typical_volume": 1028900.0, "trend": 10.005686, "fair_value": 7.792436, "relative_strength": 9.36514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.207804, "energy": 13.937709, "activity_lines": [ 10.912576, 11.125562, 11.456985, 10.927218 ] }, { "date": "2026-06-26", "close": 10.021554, "volume": 69400, "typical_volume": 1002160.0, "trend": 10.103949, "fair_value": 7.826708, "relative_strength": 2.447455, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.051414, "energy": 22.797128, "activity_lines": [ 10.578525, 10.890984, 11.335959, 10.928242 ] }, { "date": "2026-07-03", "close": 10.2, "volume": 56800, "typical_volume": 978240.0, "trend": 10.197771, "fair_value": 7.86069, "relative_strength": 3.414827, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.345366, "energy": 34.427341, "activity_lines": [ 10.41378, 10.710276, 11.224137, 10.934438 ] }, { "date": "2026-07-10", "close": 10.34, "volume": 488700, "typical_volume": 974385.0, "trend": 10.302871, "fair_value": 7.894135, "relative_strength": 4.579564, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.728185, "energy": 40.113936, "activity_lines": [ 10.332181, 10.595022, 11.118255, 10.943614 ] }, { "date": "2026-07-17", "close": 10.61, "volume": 367500, "typical_volume": 856270.0, "trend": 10.419175, "fair_value": 7.927382, "relative_strength": 7.280763, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.349255, "energy": 42.919807, "activity_lines": [ 10.382764, 10.563541, 11.03072, 10.963429 ] }, { "date": "2026-07-24", "close": 10.99, "volume": 392600, "typical_volume": 772235.0, "trend": 10.545942, "fair_value": 7.962718, "relative_strength": 10.533735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.08678, "energy": 14.216349, "activity_lines": [ 10.58877, 10.605963, 10.984478, 11.000257 ] }, { "date": "2026-07-31", "close": 10.64, "volume": 398100, "typical_volume": 722015.0, "trend": 10.653403, "fair_value": 7.995812, "relative_strength": 7.279155, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.365361, "energy": 10.887982, "activity_lines": [ 10.658, 10.589961, 10.910551, 11.006325 ] }, { "date": "2026-08-07", "close": 11.71, "volume": 750700, "typical_volume": 670285.0, "trend": 10.798793, "fair_value": 8.033192, "relative_strength": 13.776407, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.797225, "energy": 21.130359, "activity_lines": [ 11.042667, 10.787213, 10.945843, 11.074492 ] } ], "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." } } }