{ "ticker": { "uuid": "d2c8ba2d-fc5c-4245-b25c-0ced32eb0c9a", "symbol": "UBI", "name": "Ubisoft Entertainment SA", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 45.754, "architecture_energy": 23.043, "architecture_maturity": 35.536, "architecture_confidence": 70.571, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 44.21, "rotation_up": 36.28, "upward_expansion": 69.24, "deceleration": 88.72, "rotation_down": 27.34, "downward_expansion": 9.58 }, "activity_lines": [ 5.396467, 5.384036, 5.255229, 5.020331 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 5.378, "trend_reference": 4.812967, "distance_from_trend": 0.117398, "trend_direction": "Weakening", "fair_value": 13.735487, "distance_from_fair_value": -0.608459, "fair_value_direction": "Improving", "relative_strength": -17.761022, "relative_strength_direction": "Improving", "price_momentum": 0.332507, "excess_performance": 0.279196, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.117398, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.0762, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.608459, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.076808, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.17761, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.149543, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.332507, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.36404, "read": "Demand-led" } ], "volume": { "latest": 4319121, "relative_activity": 0.78464, "balance": 2.36404, "dry_up": 0.952562, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.139042, "annualized_volatility": 0.620939, "from_high_reference": -0.478117, "from_low_reference": 0.452728 }, "levels": { "trend_reference": 4.812967, "fair_value_reference": 13.735487, "structural_low": 3.702, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.040375, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.02291, "regime_survival": 0.666667, "best_return": 0.11809, "worst_return": -0.195425, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.044217, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.058329, "regime_survival": 0.5, "best_return": 0.076663, "worst_return": -0.165096, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.10109, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.129276, "regime_survival": 0.0, "best_return": -0.10109, "worst_return": -0.10109, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.196543, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.212056, "regime_survival": 0.0, "best_return": -0.196543, "worst_return": -0.196543, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-07-07", "end": "2023-07-21", "tenure": "New", "return": 0.187294, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-07-28", "end": "2023-12-01", "tenure": "Established", "return": -0.139249, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-08", "end": "2023-12-15", "tenure": "New", "return": -0.015638, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-12-22", "end": "2023-12-29", "tenure": "New", "return": -0.026127, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-05", "end": "2024-05-10", "tenure": "Established", "return": -0.00402, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-07-26", "tenure": "Developing", "return": -0.116956, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2025-03-07", "tenure": "Extended", "return": -0.223048, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.337552, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-09-26", "tenure": "Established", "return": 0.045289, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.21665, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-05-15", "tenure": "Extended", "return": -0.331268, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-06-19", "tenure": "Developing", "return": -0.004542, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": 0.059254, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.114611, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 27.120001, "volume": 854503, "typical_volume": 2115250.75, "trend": 24.6735, "fair_value": 47.017853, "relative_strength": -2.300256, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.57384, "energy": 54.952888, "activity_lines": [ 28.130667, 27.571091, 26.863286, 26.05214 ] }, { "date": "2023-08-25", "close": 28.35, "volume": 1870838, "typical_volume": 2074778.8, "trend": 24.979667, "fair_value": 46.760865, "relative_strength": 2.823973, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.532617, "energy": 36.447818, "activity_lines": [ 28.079333, 27.806182, 27.062952, 26.289333 ] }, { "date": "2023-09-01", "close": 29.0, "volume": 1527395, "typical_volume": 2047091.35, "trend": 25.245, "fair_value": 46.525865, "relative_strength": 5.981627, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.041929, "energy": 36.41668, "activity_lines": [ 28.273333, 28.127818, 27.302333, 26.54871 ] }, { "date": "2023-09-08", "close": 27.809999, "volume": 833680, "typical_volume": 1966186.5, "trend": 25.496667, "fair_value": 46.229263, "relative_strength": 3.499518, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.388423, "energy": 27.331924, "activity_lines": [ 28.143333, 28.166182, 27.401857, 26.714194 ] }, { "date": "2023-09-15", "close": 28.65, "volume": 1849026, "typical_volume": 1920281.8, "trend": 25.770667, "fair_value": 45.947147, "relative_strength": 5.587371, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.773564, "energy": 34.266178, "activity_lines": [ 28.354, 28.322182, 27.569762, 26.917634 ] }, { "date": "2023-09-22", "close": 29.440001, "volume": 1949802, "typical_volume": 1931539.4, "trend": 26.079333, "fair_value": 45.646763, "relative_strength": 12.134436, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.733932, "energy": 38.008003, "activity_lines": [ 28.772, 28.541636, 27.802619, 27.154366 ] }, { "date": "2023-09-29", "close": 30.76, "volume": 2069483, "typical_volume": 1925346.85, "trend": 26.388333, "fair_value": 45.335994, "relative_strength": 18.355231, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.513291, "energy": 48.129216, "activity_lines": [ 29.475333, 28.938545, 28.147762, 27.456344 ] }, { "date": "2023-10-06", "close": 28.629999, "volume": 1546555, "typical_volume": 1812375.8, "trend": 26.584, "fair_value": 44.994647, "relative_strength": 11.772888, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.768643, "energy": 38.150617, "activity_lines": [ 29.308, 28.912182, 28.267809, 27.600968 ] }, { "date": "2023-10-13", "close": 28.75, "volume": 2283796, "typical_volume": 1794488.05, "trend": 26.762333, "fair_value": 44.647147, "relative_strength": 13.36751, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.524397, "energy": 32.879591, "activity_lines": [ 29.205333, 28.934182, 28.379428, 27.74071 ] }, { "date": "2023-10-20", "close": 26.59, "volume": 1534873, "typical_volume": 1732339.65, "trend": 26.917, "fair_value": 44.299006, "relative_strength": 8.032411, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.706066, "energy": 13.084492, "activity_lines": [ 28.32, 28.562909, 28.268428, 27.729591 ] }, { "date": "2023-10-27", "close": 27.18, "volume": 2236928, "typical_volume": 1719481.3, "trend": 27.007667, "fair_value": 43.987724, "relative_strength": 10.849989, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.124887, "energy": 14.655443, "activity_lines": [ 27.768667, 28.321091, 28.217476, 27.746559 ] }, { "date": "2023-11-03", "close": 28.370001, "volume": 1712766, "typical_volume": 1685188.9, "trend": 27.163667, "fair_value": 43.655481, "relative_strength": 11.745992, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.780171, "energy": 16.369618, "activity_lines": [ 27.764667, 28.294546, 28.273048, 27.834452 ] }, { "date": "2023-11-10", "close": 29.15, "volume": 1376420, "typical_volume": 1663339.7, "trend": 27.354333, "fair_value": 43.331314, "relative_strength": 14.89316, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.929401, "energy": 16.986435, "activity_lines": [ 28.18, 28.409455, 28.394524, 27.962602 ] }, { "date": "2023-11-17", "close": 29.73, "volume": 1255087, "typical_volume": 1648946.2, "trend": 27.499667, "fair_value": 43.019327, "relative_strength": 13.992658, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.515736, "energy": 23.351577, "activity_lines": [ 28.754, 28.627091, 28.553, 28.115871 ] }, { "date": "2023-11-24", "close": 29.65, "volume": 999326, "typical_volume": 1625058.45, "trend": 27.605, "fair_value": 42.703622, "relative_strength": 12.715894, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.018175, "energy": 37.448165, "activity_lines": [ 29.236, 28.795273, 28.685524, 28.254602 ] }, { "date": "2023-12-01", "close": 25.9, "volume": 3074623, "typical_volume": 1690238.9, "trend": 27.581, "fair_value": 42.369006, "relative_strength": -1.895844, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.678834, "energy": 8.161271, "activity_lines": [ 28.264, 28.263455, 28.435143, 28.144602 ] }, { "date": "2023-12-08", "close": 24.299999, "volume": 2099749, "typical_volume": 1689636.7, "trend": 27.521333, "fair_value": 42.02875, "relative_strength": -9.771985, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.651701, "energy": 30.835452, "activity_lines": [ 26.844, 27.505091, 28.032857, 27.932925 ] }, { "date": "2023-12-15", "close": 23.92, "volume": 3025156, "typical_volume": 1730607.7, "trend": 27.503333, "fair_value": 41.676186, "relative_strength": -11.625524, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.416569, "energy": 53.542177, "activity_lines": [ 25.568666, 26.795091, 27.615714, 27.700581 ] }, { "date": "2023-12-22", "close": 23.73, "volume": 2047275, "typical_volume": 1760838.6, "trend": 27.454333, "fair_value": 41.313558, "relative_strength": -11.548859, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.84698, "energy": 62.322136, "activity_lines": [ 24.578666, 26.136182, 27.209857, 27.45714 ] }, { "date": "2023-12-29", "close": 23.110001, "volume": 985830, "typical_volume": 1756655.55, "trend": 27.311333, "fair_value": 40.956314, "relative_strength": -13.088041, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.849279, "energy": 77.58096, "activity_lines": [ 23.782, 25.455818, 26.768714, 27.17686 ] }, { "date": "2024-01-05", "close": 22.389999, "volume": 1631124, "typical_volume": 1795486.6, "trend": 27.199333, "fair_value": 40.587917, "relative_strength": -14.058143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.266092, "energy": 79.941044, "activity_lines": [ 23.181333, 24.707818, 26.281381, 26.859355 ] }, { "date": "2024-01-12", "close": 22.030001, "volume": 1685040, "typical_volume": 1786196.7, "trend": 27.046667, "fair_value": 40.193622, "relative_strength": -15.939312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.722704, "energy": 80.266084, "activity_lines": [ 22.694667, 23.981455, 25.782286, 26.525849 ] }, { "date": "2024-01-19", "close": 19.815001, "volume": 4008796, "typical_volume": 1910266.75, "trend": 26.863167, "fair_value": 39.774615, "relative_strength": -23.407893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.372212, "energy": 86.649413, "activity_lines": [ 21.621001, 22.967637, 25.102333, 26.05929 ] }, { "date": "2024-01-26", "close": 20.48, "volume": 2568166, "typical_volume": 1996991.05, "trend": 26.683167, "fair_value": 39.377692, "relative_strength": -23.552036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.614537, "energy": 86.333755, "activity_lines": [ 21.042667, 22.244455, 24.529453, 25.647473 ] }, { "date": "2024-02-02", "close": 20.200001, "volume": 1953847, "typical_volume": 2002232.1, "trend": 26.5485, "fair_value": 38.964872, "relative_strength": -24.078138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.098804, "energy": 86.609011, "activity_lines": [ 20.587667, 21.638546, 23.96481, 25.229204 ] }, { "date": "2024-02-09", "close": 22.67, "volume": 3878304, "typical_volume": 2098657.2, "trend": 26.4375, "fair_value": 38.626346, "relative_strength": -15.467249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.116683, "energy": 59.904252, "activity_lines": [ 21.15, 21.653546, 23.675643, 24.978979 ] }, { "date": "2024-02-16", "close": 24.25, "volume": 3082743, "typical_volume": 2149320.2, "trend": 26.2865, "fair_value": 38.311795, "relative_strength": -11.146493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.869819, "energy": 38.320103, "activity_lines": [ 22.220334, 22.014546, 23.569191, 24.83785 ] }, { "date": "2024-02-23", "close": 22.15, "volume": 2455976, "typical_volume": 2194791.25, "trend": 26.021833, "fair_value": 38.020577, "relative_strength": -20.851327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.306555, "energy": 28.904943, "activity_lines": [ 22.442667, 21.994637, 23.293738, 24.570979 ] }, { "date": "2024-03-01", "close": 20.870001, "volume": 2269169, "typical_volume": 2194059.9, "trend": 25.760167, "fair_value": 37.733718, "relative_strength": -24.9988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.943857, "energy": 30.647206, "activity_lines": [ 22.082667, 21.774182, 22.927238, 24.238602 ] }, { "date": "2024-03-08", "close": 19.42, "volume": 2699128, "typical_volume": 2252272.65, "trend": 25.4805, "fair_value": 37.439615, "relative_strength": -30.74714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.947687, "energy": 47.296467, "activity_lines": [ 21.213334, 21.342091, 22.460167, 23.829559 ] }, { "date": "2024-03-15", "close": 18.969999, "volume": 5057521, "typical_volume": 2393302.3, "trend": 25.208833, "fair_value": 37.152628, "relative_strength": -33.092815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.675711, "energy": 71.573956, "activity_lines": [ 20.246, 20.895273, 21.984381, 23.409527 ] }, { "date": "2024-03-22", "close": 19.055, "volume": 1952763, "typical_volume": 2405302.15, "trend": 24.899, "fair_value": 36.866442, "relative_strength": -32.394228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.609565, "energy": 80.369677, "activity_lines": [ 19.553667, 20.526091, 21.555786, 23.012505 ] }, { "date": "2024-03-29", "close": 19.504999, "volume": 1559656, "typical_volume": 2414463.95, "trend": 24.5825, "fair_value": 36.5725, "relative_strength": -30.881743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.872792, "energy": 75.113702, "activity_lines": [ 19.357666, 20.292818, 21.214405, 22.664505 ] }, { "date": "2024-04-05", "close": 19.815001, "volume": 1494688, "typical_volume": 2426444.0, "trend": 24.316, "fair_value": 36.264647, "relative_strength": -28.212982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.764655, "energy": 67.172856, "activity_lines": [ 19.441333, 20.121545, 20.948476, 22.356925 ] }, { "date": "2024-04-12", "close": 20.49, "volume": 2537565, "typical_volume": 2503355.95, "trend": 24.044, "fair_value": 35.979583, "relative_strength": -25.064912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.774363, "energy": 45.362192, "activity_lines": [ 19.820333, 20.085091, 20.794048, 22.110086 ] }, { "date": "2024-04-19", "close": 21.059999, "volume": 1849173, "typical_volume": 2442083.45, "trend": 23.764667, "fair_value": 35.70125, "relative_strength": -22.77689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.511241, "energy": 30.88521, "activity_lines": [ 20.318, 20.147, 20.737524, 21.91757 ] }, { "date": "2024-04-26", "close": 21.82, "volume": 1877350, "typical_volume": 2430963.5, "trend": 23.466667, "fair_value": 35.440737, "relative_strength": -20.263187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.281301, "energy": 20.530668, "activity_lines": [ 20.929666, 20.376363, 20.776429, 21.792108 ] }, { "date": "2024-05-03", "close": 21.969999, "volume": 1606421, "typical_volume": 2360026.75, "trend": 23.244667, "fair_value": 35.178878, "relative_strength": -18.014351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.978753, "energy": 20.039304, "activity_lines": [ 21.407, 20.677181, 20.841428, 21.695548 ] }, { "date": "2024-05-10", "close": 22.299999, "volume": 1421236, "typical_volume": 2328724.8, "trend": 23.029667, "fair_value": 34.973109, "relative_strength": -19.058935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.984668, "energy": 19.150984, "activity_lines": [ 21.829999, 21.041272, 20.947143, 21.634602 ] }, { "date": "2024-05-17", "close": 21.290001, "volume": 5407527, "typical_volume": 2549809.65, "trend": 22.853, "fair_value": 34.733686, "relative_strength": -21.941551, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.248828, "energy": 17.276312, "activity_lines": [ 21.750666, 21.195727, 20.963476, 21.522366 ] }, { "date": "2024-05-24", "close": 21.92, "volume": 2796772, "typical_volume": 2608092.05, "trend": 22.677667, "fair_value": 34.490224, "relative_strength": -18.566857, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.499919, "energy": 14.498084, "activity_lines": [ 21.828, 21.430727, 21.048476, 21.462172 ] }, { "date": "2024-05-31", "close": 22.42, "volume": 1618627, "typical_volume": 2604771.4, "trend": 22.479333, "fair_value": 34.263686, "relative_strength": -15.172703, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.093069, "energy": 14.905659, "activity_lines": [ 22.014667, 21.703, 21.183333, 21.445548 ] }, { "date": "2024-06-07", "close": 23.280001, "volume": 1819986, "typical_volume": 2495330.9, "trend": 22.283667, "fair_value": 34.031891, "relative_strength": -11.677856, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.480043, "energy": 30.422859, "activity_lines": [ 22.448, 22.070455, 21.398238, 21.497204 ] }, { "date": "2024-06-14", "close": 21.379999, "volume": 2065230, "typical_volume": 2470184.1, "trend": 22.005333, "fair_value": 33.790096, "relative_strength": -13.115487, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.032808, "energy": 16.602111, "activity_lines": [ 22.160667, 22.023818, 21.41569, 21.438903 ] }, { "date": "2024-06-21", "close": 20.219999, "volume": 2739207, "typical_volume": 2509452.1, "trend": 21.691, "fair_value": 33.548814, "relative_strength": -18.758019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.838892, "energy": 9.645058, "activity_lines": [ 21.548, 21.737818, 21.318381, 21.32372 ] }, { "date": "2024-06-28", "close": 20.440001, "volume": 1504822, "typical_volume": 2390778.0, "trend": 21.509, "fair_value": 33.289712, "relative_strength": -15.857009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.725383, "energy": 21.821932, "activity_lines": [ 21.08, 21.496727, 21.241928, 21.243011 ] }, { "date": "2024-07-05", "close": 19.66, "volume": 2095118, "typical_volume": 2341396.75, "trend": 21.354333, "fair_value": 33.032532, "relative_strength": -20.739387, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.819594, "energy": 35.614321, "activity_lines": [ 20.450667, 21.125091, 21.101809, 21.12372 ] }, { "date": "2024-07-12", "close": 22.5, "volume": 2796728, "typical_volume": 2358434.35, "trend": 21.307, "fair_value": 32.813301, "relative_strength": -9.531745, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.498661, "energy": 13.240739, "activity_lines": [ 20.952, 21.309091, 21.254024, 21.197634 ] }, { "date": "2024-07-19", "close": 19.375, "volume": 3819791, "typical_volume": 2435965.45, "trend": 21.161833, "fair_value": 32.576474, "relative_strength": -19.50911, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.831888, "energy": 33.079095, "activity_lines": [ 20.463667, 20.915273, 21.106952, 21.072989 ] }, { "date": "2024-07-26", "close": 18.799999, "volume": 2796772, "typical_volume": 2440847.65, "trend": 21.018167, "fair_value": 32.353782, "relative_strength": -20.998259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.736055, "energy": 46.385879, "activity_lines": [ 19.917333, 20.470091, 20.912238, 20.920613 ] }, { "date": "2024-08-02", "close": 17.485001, "volume": 2165885, "typical_volume": 2296265.85, "trend": 20.854667, "fair_value": 32.145353, "relative_strength": -23.12267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.924002, "energy": 57.941374, "activity_lines": [ 19.027333, 19.831091, 20.595238, 20.692667 ] }, { "date": "2024-08-09", "close": 16.895, "volume": 2072066, "typical_volume": 2302231.0, "trend": 20.6835, "fair_value": 31.923397, "relative_strength": -25.228246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.80836, "energy": 74.057915, "activity_lines": [ 18.137667, 19.165455, 20.229119, 20.437204 ] }, { "date": "2024-08-16", "close": 16.885, "volume": 2123174, "typical_volume": 2330406.9, "trend": 20.585833, "fair_value": 31.701122, "relative_strength": -26.386125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.164064, "energy": 79.325624, "activity_lines": [ 17.429, 18.598455, 19.872333, 20.19214 ] }, { "date": "2024-08-23", "close": 16.99, "volume": 1710376, "typical_volume": 2341191.3, "trend": 20.4695, "fair_value": 31.465545, "relative_strength": -26.40135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.191911, "energy": 80.044688, "activity_lines": [ 17.129667, 18.166818, 19.538024, 19.96015 ] }, { "date": "2024-08-30", "close": 17.190001, "volume": 1909066, "typical_volume": 2309766.35, "trend": 20.369167, "fair_value": 31.219712, "relative_strength": -25.248683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.155662, "energy": 75.739161, "activity_lines": [ 17.056, 17.851364, 19.236214, 19.74857 ] }, { "date": "2024-09-06", "close": 14.72, "volume": 3415086, "typical_volume": 2388062.0, "trend": 20.104167, "fair_value": 30.953686, "relative_strength": -32.774818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.248655, "energy": 81.641687, "activity_lines": [ 16.266334, 17.141909, 18.714881, 19.384108 ] }, { "date": "2024-09-13", "close": 11.725, "volume": 6640713, "typical_volume": 2626230.15, "trend": 19.686667, "fair_value": 30.670385, "relative_strength": -46.463655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.594911, "energy": 92.718691, "activity_lines": [ 14.662667, 15.991909, 17.9385, 18.843516 ] }, { "date": "2024-09-20", "close": 12.225, "volume": 6829498, "typical_volume": 2887384.0, "trend": 19.355833, "fair_value": 30.397468, "relative_strength": -43.527761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.379398, "energy": 91.82537, "activity_lines": [ 13.570333, 15.077091, 17.25781, 18.362118 ] }, { "date": "2024-09-27", "close": 10.48, "volume": 10235335, "typical_volume": 3328088.95, "trend": 19.0095, "fair_value": 30.129135, "relative_strength": -52.460431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.907399, "energy": 93.882933, "activity_lines": [ 12.207, 14.031818, 16.457333, 17.789484 ] }, { "date": "2024-10-04", "close": 14.2, "volume": 10939566, "typical_volume": 3604690.9, "trend": 18.8355, "fair_value": 29.908237, "relative_strength": -32.449282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.979266, "energy": 82.102241, "activity_lines": [ 12.517667, 13.824636, 16.067429, 17.479194 ] }, { "date": "2024-10-11", "close": 13.0, "volume": 7931970, "typical_volume": 3861450.8, "trend": 18.6365, "fair_value": 29.697468, "relative_strength": -37.424314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.848729, "energy": 61.90703, "activity_lines": [ 12.627667, 13.482909, 15.597, 17.10271 ] }, { "date": "2024-10-18", "close": 13.29, "volume": 3036440, "typical_volume": 3932341.45, "trend": 18.444333, "fair_value": 29.476891, "relative_strength": -35.346356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.184606, "energy": 57.214823, "activity_lines": [ 12.949, 13.275455, 15.196667, 16.757774 ] }, { "date": "2024-10-25", "close": 13.76, "volume": 2724374, "typical_volume": 3977560.85, "trend": 18.252833, "fair_value": 29.27516, "relative_strength": -30.9643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.379708, "energy": 41.511337, "activity_lines": [ 13.322667, 13.219, 14.884571, 16.455559 ] }, { "date": "2024-11-01", "close": 14.18, "volume": 4027145, "typical_volume": 4075656.6, "trend": 18.065, "fair_value": 29.062853, "relative_strength": -26.891209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.245488, "energy": 37.006039, "activity_lines": [ 13.734, 13.295727, 14.65781, 16.192796 ] }, { "date": "2024-11-08", "close": 13.525, "volume": 3124287, "typical_volume": 4094910.6, "trend": 17.832833, "fair_value": 28.854808, "relative_strength": -28.391823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.34582, "energy": 32.771874, "activity_lines": [ 13.680333, 13.304455, 14.402952, 15.899893 ] }, { "date": "2024-11-15", "close": 13.515, "volume": 2614581, "typical_volume": 4150398.55, "trend": 17.581333, "fair_value": 28.649391, "relative_strength": -26.529626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.884556, "energy": 29.78202, "activity_lines": [ 13.668333, 13.378, 14.179024, 15.621323 ] }, { "date": "2024-11-22", "close": 12.72, "volume": 2423629, "typical_volume": 4166824.1, "trend": 17.278, "fair_value": 28.442788, "relative_strength": -29.472635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.810078, "energy": 33.366227, "activity_lines": [ 13.357, 13.328909, 13.912357, 15.307688 ] }, { "date": "2024-11-29", "close": 12.455, "volume": 2069628, "typical_volume": 4130469.1, "trend": 16.960833, "fair_value": 28.258333, "relative_strength": -29.771849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.706837, "energy": 40.685587, "activity_lines": [ 12.995333, 13.213545, 13.6535, 14.996527 ] }, { "date": "2024-12-06", "close": 13.32, "volume": 3731650, "typical_volume": 4126062.05, "trend": 16.6615, "fair_value": 28.072692, "relative_strength": -26.000674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.562154, "energy": 35.803866, "activity_lines": [ 13.009, 13.251273, 13.524857, 14.761634 ] }, { "date": "2024-12-13", "close": 12.165, "volume": 2301583, "typical_volume": 4101302.6, "trend": 16.357333, "fair_value": 27.879968, "relative_strength": -31.439668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.577135, "energy": 42.604606, "activity_lines": [ 12.695, 13.027364, 13.315048, 14.471538 ] }, { "date": "2024-12-20", "close": 12.425, "volume": 2562360, "typical_volume": 4121126.35, "trend": 16.040833, "fair_value": 27.681795, "relative_strength": -27.846966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.563976, "energy": 40.626338, "activity_lines": [ 12.558333, 12.887727, 13.161595, 14.217839 ] }, { "date": "2024-12-27", "close": 12.875, "volume": 679009, "typical_volume": 4051473.5, "trend": 15.722667, "fair_value": 27.488237, "relative_strength": -25.258619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.545986, "energy": 37.362146, "activity_lines": [ 12.644333, 12.840364, 13.075095, 14.013591 ] }, { "date": "2025-01-03", "close": 12.655, "volume": 775889, "typical_volume": 3984109.25, "trend": 15.3685, "fair_value": 27.306923, "relative_strength": -25.009961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.610319, "energy": 41.225756, "activity_lines": [ 12.646667, 12.760545, 12.986786, 13.815677 ] }, { "date": "2025-01-10", "close": 12.135, "volume": 2559866, "typical_volume": 4026583.75, "trend": 15.060333, "fair_value": 27.089776, "relative_strength": -28.752144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.474847, "energy": 40.523462, "activity_lines": [ 12.462333, 12.606273, 12.869095, 13.607065 ] }, { "date": "2025-01-17", "close": 11.735, "volume": 2512691, "typical_volume": 4056765.0, "trend": 14.7775, "fair_value": 26.83, "relative_strength": -32.935338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.352541, "energy": 43.016735, "activity_lines": [ 12.223667, 12.416455, 12.736429, 13.392527 ] }, { "date": "2025-01-24", "close": 11.885, "volume": 2377737, "typical_volume": 4004897.55, "trend": 14.492333, "fair_value": 26.593429, "relative_strength": -33.275644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.036612, "energy": 43.039423, "activity_lines": [ 12.063667, 12.286455, 12.644024, 13.205914 ] }, { "date": "2025-01-31", "close": 11.12, "volume": 1944671, "typical_volume": 3770095.45, "trend": 14.207667, "fair_value": 26.339327, "relative_strength": -37.067852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.083716, "energy": 56.661431, "activity_lines": [ 11.684667, 12.047, 12.492262, 12.988344 ] }, { "date": "2025-02-07", "close": 11.03, "volume": 2033106, "typical_volume": 3530275.85, "trend": 13.825333, "fair_value": 26.086955, "relative_strength": -36.892921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.059527, "energy": 61.565997, "activity_lines": [ 11.392667, 11.820273, 12.33481, 12.783333 ] }, { "date": "2025-02-14", "close": 11.315, "volume": 2217931, "typical_volume": 3129405.65, "trend": 13.556667, "fair_value": 25.866923, "relative_strength": -35.911805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.033306, "energy": 53.698256, "activity_lines": [ 11.304, 11.671273, 12.21019, 12.621376 ] }, { "date": "2025-02-21", "close": 11.625, "volume": 2324764, "typical_volume": 2698665.55, "trend": 13.3175, "fair_value": 25.643109, "relative_strength": -33.155218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.863803, "energy": 48.550196, "activity_lines": [ 11.373333, 11.615091, 12.111119, 12.496753 ] }, { "date": "2025-02-28", "close": 12.21, "volume": 2345332, "typical_volume": 2419333.65, "trend": 13.141667, "fair_value": 25.453558, "relative_strength": -28.696862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.896065, "energy": 34.010294, "activity_lines": [ 11.645, 11.675091, 12.080024, 12.425301 ] }, { "date": "2025-03-07", "close": 13.585, "volume": 2390683, "typical_volume": 2387045.8, "trend": 13.031333, "fair_value": 25.276731, "relative_strength": -20.214489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.482078, "energy": 11.213264, "activity_lines": [ 12.353333, 11.989, 12.183643, 12.453903 ] }, { "date": "2025-03-14", "close": 13.115, "volume": 2706245, "typical_volume": 2386139.35, "trend": 12.905667, "fair_value": 25.106058, "relative_strength": -21.591009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.72157, "energy": 19.665992, "activity_lines": [ 12.740667, 12.204545, 12.241095, 12.459301 ] }, { "date": "2025-03-21", "close": 12.15, "volume": 3486361, "typical_volume": 2359100.15, "trend": 12.744333, "fair_value": 24.928109, "relative_strength": -26.935193, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.044568, "energy": 18.847567, "activity_lines": [ 12.667333, 12.236273, 12.209714, 12.410548 ] }, { "date": "2025-03-28", "close": 12.685, "volume": 8026949, "typical_volume": 2604233.25, "trend": 12.594167, "fair_value": 24.751218, "relative_strength": -21.932959, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.462857, "energy": 17.206322, "activity_lines": [ 12.716667, 12.365, 12.238952, 12.40672 ] }, { "date": "2025-04-04", "close": 9.548, "volume": 6753021, "typical_volume": 2811155.25, "trend": 12.421767, "fair_value": 24.560564, "relative_strength": -35.366719, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.751317, "energy": 32.669254, "activity_lines": [ 11.649667, 11.906091, 11.973429, 12.210194 ] }, { "date": "2025-04-11", "close": 8.688, "volume": 5979450, "typical_volume": 2988946.3, "trend": 12.320533, "fair_value": 24.377538, "relative_strength": -39.00877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.714562, "energy": 68.193548, "activity_lines": [ 10.473467, 11.333309, 11.64489, 11.969305 ] }, { "date": "2025-04-18", "close": 9.318, "volume": 2518423, "typical_volume": 3011386.05, "trend": 12.223633, "fair_value": 24.190923, "relative_strength": -35.377206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.739175, "energy": 74.884228, "activity_lines": [ 9.833733, 10.919291, 11.395552, 11.775594 ] }, { "date": "2025-04-25", "close": 10.285, "volume": 2349524, "typical_volume": 2942279.75, "trend": 12.217133, "fair_value": 23.98025, "relative_strength": -30.135833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.397021, "energy": 73.109839, "activity_lines": [ 9.769467, 10.712218, 11.253248, 11.65052 ] }, { "date": "2025-05-02", "close": 11.115, "volume": 1816768, "typical_volume": 2918039.0, "trend": 12.1143, "fair_value": 23.734192, "relative_strength": -25.801741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.858603, "energy": 63.015208, "activity_lines": [ 10.1062, 10.674782, 11.204443, 11.579415 ] }, { "date": "2025-05-09", "close": 11.15, "volume": 2246716, "typical_volume": 2902256.8, "trend": 12.052633, "fair_value": 23.525795, "relative_strength": -24.350292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.336264, "energy": 30.948262, "activity_lines": [ 10.559267, 10.652982, 11.163971, 11.517202 ] }, { "date": "2025-05-16", "close": 9.68, "volume": 7168997, "typical_volume": 3226756.2, "trend": 11.9323, "fair_value": 23.281756, "relative_strength": -34.602799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.220943, "energy": 26.32759, "activity_lines": [ 10.415533, 10.383182, 10.989571, 11.364129 ] }, { "date": "2025-05-23", "close": 9.6, "volume": 4056895, "typical_volume": 3390806.5, "trend": 11.793633, "fair_value": 23.032846, "relative_strength": -32.857225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.113344, "energy": 27.09855, "activity_lines": [ 10.179, 10.169836, 10.822767, 11.213658 ] }, { "date": "2025-05-30", "close": 10.08, "volume": 2430548, "typical_volume": 3384340.6, "trend": 11.656967, "fair_value": 22.796436, "relative_strength": -28.540609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.08151, "energy": 30.021743, "activity_lines": [ 10.083667, 10.107673, 10.716224, 11.103101 ] }, { "date": "2025-06-06", "close": 9.944, "volume": 2313707, "typical_volume": 3374391.4, "trend": 11.5376, "fair_value": 22.568833, "relative_strength": -28.751967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.200604, "energy": 35.04849, "activity_lines": [ 9.956667, 10.058418, 10.606514, 10.992587 ] }, { "date": "2025-06-13", "close": 9.12, "volume": 2738240, "typical_volume": 3392416.55, "trend": 11.3911, "fair_value": 22.354667, "relative_strength": -32.425622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.399146, "energy": 47.914561, "activity_lines": [ 9.633067, 9.909182, 10.426857, 10.836613 ] }, { "date": "2025-06-20", "close": 9.058, "volume": 2339481, "typical_volume": 3412157.05, "trend": 11.269033, "fair_value": 22.124397, "relative_strength": -30.942944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.219373, "energy": 50.262368, "activity_lines": [ 9.424133, 9.756455, 10.254462, 10.68609 ] }, { "date": "2025-06-27", "close": 9.4, "volume": 2166610, "typical_volume": 3418832.25, "trend": 11.1672, "fair_value": 21.913308, "relative_strength": -28.075839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.49217, "energy": 50.099807, "activity_lines": [ 9.370667, 9.659182, 10.124457, 10.565508 ] }, { "date": "2025-07-04", "close": 9.114, "volume": 2767107, "typical_volume": 3446291.05, "trend": 11.027, "fair_value": 21.702885, "relative_strength": -29.203498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.574601, "energy": 60.076207, "activity_lines": [ 9.2352, 9.508418, 9.974976, 10.433043 ] }, { "date": "2025-07-11", "close": 9.37, "volume": 2849435, "typical_volume": 3472524.6, "trend": 10.933833, "fair_value": 21.509231, "relative_strength": -27.011503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.918864, "energy": 52.846389, "activity_lines": [ 9.249467, 9.425491, 9.860357, 10.32614 ] }, { "date": "2025-07-18", "close": 9.47, "volume": 2721133, "typical_volume": 3491314.65, "trend": 10.835333, "fair_value": 21.306474, "relative_strength": -24.972592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.175248, "energy": 38.202332, "activity_lines": [ 9.335333, 9.392473, 9.766, 10.231699 ] }, { "date": "2025-07-25", "close": 9.554, "volume": 3653672, "typical_volume": 3554464.1, "trend": 10.724633, "fair_value": 21.101628, "relative_strength": -23.250092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.456776, "energy": 28.844507, "activity_lines": [ 9.425867, 9.405273, 9.69269, 10.149032 ] }, { "date": "2025-08-01", "close": 8.73, "volume": 2606542, "typical_volume": 3549478.95, "trend": 10.5938, "fair_value": 20.859833, "relative_strength": -26.066722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.184001, "energy": 36.948, "activity_lines": [ 9.208667, 9.270545, 9.5601, 10.020346 ] }, { "date": "2025-08-08", "close": 9.088, "volume": 1792569, "typical_volume": 3464789.35, "trend": 10.492233, "fair_value": 20.625333, "relative_strength": -23.915818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.812475, "energy": 33.780849, "activity_lines": [ 9.155467, 9.216727, 9.482486, 9.923198 ] }, { "date": "2025-08-15", "close": 9.218, "volume": 1754167, "typical_volume": 3151150.25, "trend": 10.408333, "fair_value": 20.402436, "relative_strength": -23.533437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.082499, "energy": 35.482048, "activity_lines": [ 9.147333, 9.204582, 9.431833, 9.840989 ] }, { "date": "2025-08-22", "close": 9.452, "volume": 1932395, "typical_volume": 2910118.95, "trend": 10.327233, "fair_value": 20.177769, "relative_strength": -20.992356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.585313, "energy": 33.132412, "activity_lines": [ 9.227333, 9.248182, 9.419976, 9.77929 ] }, { "date": "2025-08-29", "close": 9.348, "volume": 2368596, "typical_volume": 2729576.25, "trend": 10.268167, "fair_value": 19.949744, "relative_strength": -18.075104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.737783, "energy": 22.181891, "activity_lines": [ 9.273867, 9.266836, 9.398671, 9.716114 ] }, { "date": "2025-09-05", "close": 8.8, "volume": 1961769, "typical_volume": 2701743.55, "trend": 10.193833, "fair_value": 19.772115, "relative_strength": -21.715554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.872843, "energy": 31.403801, "activity_lines": [ 9.151467, 9.180582, 9.322033, 9.621394 ] }, { "date": "2025-09-12", "close": 8.482, "volume": 1636097, "typical_volume": 2666072.2, "trend": 10.0994, "fair_value": 19.607128, "relative_strength": -25.519365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.316102, "energy": 39.710036, "activity_lines": [ 8.9184, 9.047418, 9.217576, 9.510953 ] }, { "date": "2025-09-19", "close": 9.034, "volume": 2127605, "typical_volume": 2681614.05, "trend": 10.013033, "fair_value": 19.4685, "relative_strength": -20.454431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.31509, "energy": 35.775118, "activity_lines": [ 8.909733, 9.026109, 9.174276, 9.442217 ] }, { "date": "2025-09-26", "close": 9.74, "volume": 3583092, "typical_volume": 2748432.85, "trend": 9.9307, "fair_value": 19.349397, "relative_strength": -14.301716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.031629, "energy": 19.607016, "activity_lines": [ 9.148667, 9.139273, 9.208124, 9.424602 ] }, { "date": "2025-10-03", "close": 10.21, "volume": 2350302, "typical_volume": 2507498.1, "trend": 9.8182, "fair_value": 19.234013, "relative_strength": -11.782375, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.62034, "energy": 7.11172, "activity_lines": [ 9.525067, 9.332982, 9.293448, 9.442622 ] }, { "date": "2025-10-10", "close": 9.104, "volume": 1631972, "typical_volume": 2386251.95, "trend": 9.6845, "fair_value": 19.122436, "relative_strength": -19.099287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.6118, "energy": 16.370909, "activity_lines": [ 9.475333, 9.313673, 9.270914, 9.396544 ] }, { "date": "2025-10-17", "close": 7.95, "volume": 3068296, "typical_volume": 2418139.35, "trend": 9.5445, "fair_value": 19.00218, "relative_strength": -30.844843, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.218175, "energy": 25.521092, "activity_lines": [ 9.020667, 9.077745, 9.140838, 9.284641 ] }, { "date": "2025-10-24", "close": 7.998, "volume": 2152520, "typical_volume": 2410080.0, "trend": 9.388267, "fair_value": 18.887038, "relative_strength": -30.036733, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.567424, "energy": 54.504531, "activity_lines": [ 8.617467, 8.871236, 9.025476, 9.184867 ] }, { "date": "2025-10-31", "close": 7.746, "volume": 1588992, "typical_volume": 2352617.6, "trend": 9.3282, "fair_value": 18.758551, "relative_strength": -30.444711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.601298, "energy": 76.603872, "activity_lines": [ 8.199333, 8.641091, 8.895381, 9.078914 ] }, { "date": "2025-11-07", "close": 6.082, "volume": 5289800, "typical_volume": 2500133.55, "trend": 9.241333, "fair_value": 18.620231, "relative_strength": -43.356416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.252414, "energy": 91.931612, "activity_lines": [ 7.359467, 8.139418, 8.613352, 8.869482 ] }, { "date": "2025-11-14", "close": 6.77, "volume": 5006810, "typical_volume": 2642143.55, "trend": 9.1564, "fair_value": 18.497474, "relative_strength": -37.732323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.185518, "energy": 86.573026, "activity_lines": [ 7.024133, 7.822218, 8.411019, 8.710041 ] }, { "date": "2025-11-21", "close": 7.032, "volume": 3068867, "typical_volume": 2657231.55, "trend": 9.047967, "fair_value": 18.371333, "relative_strength": -32.958715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.475408, "energy": 81.503951, "activity_lines": [ 6.931733, 7.589564, 8.246162, 8.572983 ] }, { "date": "2025-11-28", "close": 7.24, "volume": 5633896, "typical_volume": 2796454.6, "trend": 8.9188, "fair_value": 18.235692, "relative_strength": -31.331599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.974794, "energy": 68.779991, "activity_lines": [ 6.969867, 7.421091, 8.111029, 8.45634 ] }, { "date": "2025-12-05", "close": 6.316, "volume": 3236882, "typical_volume": 2822242.05, "trend": 8.757667, "fair_value": 18.103359, "relative_strength": -39.120905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.958588, "energy": 57.263188, "activity_lines": [ 6.750533, 7.117236, 7.898038, 8.288417 ] }, { "date": "2025-12-12", "close": 6.342, "volume": 2762128, "typical_volume": 2777664.85, "trend": 8.6464, "fair_value": 17.98068, "relative_strength": -37.719167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.861745, "energy": 53.740393, "activity_lines": [ 6.6352, 6.880364, 7.702543, 8.132568 ] }, { "date": "2025-12-19", "close": 6.382, "volume": 3196435, "typical_volume": 2807159.5, "trend": 8.539133, "fair_value": 17.851269, "relative_strength": -37.075661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.119696, "energy": 52.319217, "activity_lines": [ 6.515867, 6.721091, 7.526152, 7.986477 ] }, { "date": "2025-12-26", "close": 6.414, "volume": 906644, "typical_volume": 2762863.25, "trend": 8.416933, "fair_value": 17.72309, "relative_strength": -35.430148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.954593, "energy": 53.03822, "activity_lines": [ 6.433067, 6.617127, 7.36399, 7.849372 ] }, { "date": "2026-01-02", "close": 6.346, "volume": 2022769, "typical_volume": 2776293.35, "trend": 8.297, "fair_value": 17.598449, "relative_strength": -35.859538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.216779, "energy": 50.613899, "activity_lines": [ 6.3688, 6.528727, 7.208086, 7.715763 ] }, { "date": "2026-01-09", "close": 6.074, "volume": 2591919, "typical_volume": 2809269.55, "trend": 8.195467, "fair_value": 17.504115, "relative_strength": -38.952227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.180023, "energy": 52.463488, "activity_lines": [ 6.273467, 6.420909, 7.039952, 7.572344 ] }, { "date": "2026-01-16", "close": 6.89, "volume": 4247165, "typical_volume": 2903198.0, "trend": 8.1232, "fair_value": 17.425141, "relative_strength": -29.097753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.328724, "energy": 42.349968, "activity_lines": [ 6.466267, 6.491855, 6.965619, 7.48812 ] }, { "date": "2026-01-23", "close": 4.059, "volume": 17492254, "typical_volume": 3679722.25, "trend": 7.945167, "fair_value": 17.328308, "relative_strength": -56.931561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.969126, "energy": 59.968024, "activity_lines": [ 5.678867, 6.033382, 6.633371, 7.225914 ] }, { "date": "2026-01-30", "close": 4.371, "volume": 15216547, "typical_volume": 4358744.75, "trend": 7.787067, "fair_value": 17.221455, "relative_strength": -52.852386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.241018, "energy": 71.797624, "activity_lines": [ 5.150333, 5.680927, 6.353414, 6.995323 ] }, { "date": "2026-02-06", "close": 4.036, "volume": 9220799, "typical_volume": 4713404.45, "trend": 7.609267, "fair_value": 17.117455, "relative_strength": -56.585503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.324469, "energy": 86.385759, "activity_lines": [ 4.646333, 5.315945, 6.061129, 6.753318 ] }, { "date": "2026-02-13", "close": 4.622, "volume": 11170005, "typical_volume": 5092750.1, "trend": 7.447667, "fair_value": 17.016122, "relative_strength": -49.797774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.902067, "energy": 84.632245, "activity_lines": [ 4.491667, 5.115764, 5.848452, 6.560591 ] }, { "date": "2026-02-20", "close": 4.1, "volume": 6197536, "typical_volume": 5285111.8, "trend": 7.265867, "fair_value": 16.913045, "relative_strength": -55.808705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.898772, "energy": 85.893682, "activity_lines": [ 4.2598, 4.851473, 5.610433, 6.344613 ] }, { "date": "2026-02-27", "close": 4.164, "volume": 8301504, "typical_volume": 5618588.4, "trend": 7.113667, "fair_value": 16.801981, "relative_strength": -54.64367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.779666, "energy": 82.862507, "activity_lines": [ 4.235267, 4.639582, 5.407605, 6.144492 ] }, { "date": "2026-03-06", "close": 3.866, "volume": 6605847, "typical_volume": 5795465.95, "trend": 6.9396, "fair_value": 16.680865, "relative_strength": -53.808544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.488086, "energy": 74.892819, "activity_lines": [ 4.1044, 4.413836, 5.199919, 5.934966 ] }, { "date": "2026-03-13", "close": 4.005, "volume": 7165775, "typical_volume": 6046128.7, "trend": 6.765833, "fair_value": 16.556538, "relative_strength": -50.62975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.524349, "energy": 65.074044, "activity_lines": [ 4.053533, 4.259691, 5.024919, 5.745637 ] }, { "date": "2026-03-20", "close": 3.826, "volume": 7494737, "typical_volume": 6341415.95, "trend": 6.5783, "fair_value": 16.440359, "relative_strength": -50.382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.315948, "energy": 62.52515, "activity_lines": [ 3.945067, 4.115564, 4.851886, 5.55597 ] }, { "date": "2026-03-27", "close": 3.794, "volume": 7691154, "typical_volume": 6461483.65, "trend": 6.393167, "fair_value": 16.307885, "relative_strength": -49.96752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.980399, "energy": 60.057664, "activity_lines": [ 3.879, 4.006491, 4.694471, 5.376338 ] }, { "date": "2026-04-03", "close": 3.84, "volume": 6094542, "typical_volume": 6515870.25, "trend": 6.227833, "fair_value": 16.180641, "relative_strength": -50.209886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.618576, "energy": 56.266036, "activity_lines": [ 3.848667, 3.962073, 4.552333, 5.211617 ] }, { "date": "2026-04-10", "close": 4.0, "volume": 7237335, "typical_volume": 6724293.65, "trend": 6.078433, "fair_value": 16.05609, "relative_strength": -49.257519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.609239, "energy": 51.354834, "activity_lines": [ 3.893267, 3.950727, 4.439386, 5.067886 ] }, { "date": "2026-04-17", "close": 5.07, "volume": 8980185, "typical_volume": 6891608.1, "trend": 5.9463, "fair_value": 15.925962, "relative_strength": -36.075335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.572504, "energy": 30.647899, "activity_lines": [ 4.2856, 4.140673, 4.442781, 5.002826 ] }, { "date": "2026-04-24", "close": 4.736, "volume": 5916205, "typical_volume": 7025574.25, "trend": 5.7795, "fair_value": 15.786513, "relative_strength": -37.325875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.969885, "energy": 24.937686, "activity_lines": [ 4.4956, 4.251091, 4.4247, 4.924742 ] }, { "date": "2026-05-01", "close": 4.942, "volume": 4071653, "typical_volume": 7091050.5, "trend": 5.6039, "fair_value": 15.647551, "relative_strength": -33.112732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.791168, "energy": 26.129678, "activity_lines": [ 4.7136, 4.396891, 4.433762, 4.87071 ] }, { "date": "2026-05-08", "close": 4.882, "volume": 6337794, "typical_volume": 7248118.45, "trend": 5.463167, "fair_value": 15.511603, "relative_strength": -32.715278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.823795, "energy": 22.710742, "activity_lines": [ 4.835067, 4.516473, 4.443776, 4.824135 ] }, { "date": "2026-05-15", "close": 5.18, "volume": 6382711, "typical_volume": 7521921.8, "trend": 5.370833, "fair_value": 15.388013, "relative_strength": -26.258321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.104607, "energy": 24.53606, "activity_lines": [ 4.9864, 4.677182, 4.489314, 4.805867 ] }, { "date": "2026-05-22", "close": 5.284, "volume": 18626027, "typical_volume": 8352084.7, "trend": 5.280367, "fair_value": 15.260346, "relative_strength": -25.331102, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 9.227794, "energy": 23.465179, "activity_lines": [ 5.093733, 4.832909, 4.550633, 4.800265 ] }, { "date": "2026-05-29", "close": 5.634, "volume": 8457132, "typical_volume": 8645345.35, "trend": 5.209967, "fair_value": 15.120821, "relative_strength": -19.96273, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.396879, "energy": 42.654082, "activity_lines": [ 5.303467, 5.029018, 4.650343, 4.82308 ] }, { "date": "2026-06-05", "close": 5.024, "volume": 912678, "typical_volume": 8478621.0, "trend": 5.1747, "fair_value": 14.987962, "relative_strength": -27.862711, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.154663, "energy": 34.053519, "activity_lines": [ 5.25, 5.081345, 4.694052, 4.811082 ] }, { "date": "2026-06-12", "close": 4.817, "volume": 651757, "typical_volume": 7636596.15, "trend": 5.1096, "fair_value": 14.848263, "relative_strength": -30.978058, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.777644, "energy": 20.198074, "activity_lines": [ 5.122067, 5.073673, 4.726933, 4.788004 ] }, { "date": "2026-06-19", "close": 5.26, "volume": 1273242, "typical_volume": 6939430.9, "trend": 5.050533, "fair_value": 14.719673, "relative_strength": -24.267985, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.125895, "energy": 22.09768, "activity_lines": [ 5.146133, 5.128782, 4.798395, 4.797708 ] }, { "date": "2026-06-26", "close": 5.198, "volume": 842711, "typical_volume": 6520526.5, "trend": 4.982467, "fair_value": 14.587096, "relative_strength": -23.766525, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.066484, "energy": 12.308512, "activity_lines": [ 5.1442, 5.149709, 4.859719, 4.807222 ] }, { "date": "2026-07-03", "close": 5.52, "volume": 570287, "typical_volume": 5990540.6, "trend": 4.955933, "fair_value": 14.467096, "relative_strength": -19.193218, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 34.956439, "energy": 23.025453, "activity_lines": [ 5.255333, 5.226855, 4.946176, 4.841901 ] }, { "date": "2026-07-10", "close": 5.89, "volume": 5072511, "typical_volume": 5934289.35, "trend": 4.940867, "fair_value": 14.338186, "relative_strength": -10.982627, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 42.781785, "energy": 44.768346, "activity_lines": [ 5.4974, 5.357018, 5.063595, 4.902163 ] }, { "date": "2026-07-17", "close": 5.506, "volume": 5993049, "typical_volume": 5818866.6, "trend": 4.911667, "fair_value": 14.188994, "relative_strength": -15.65967, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.328317, "energy": 55.618642, "activity_lines": [ 5.553733, 5.400127, 5.135919, 4.938624 ] }, { "date": "2026-07-24", "close": 4.825, "volume": 6234947, "typical_volume": 5800321.6, "trend": 4.8587, "fair_value": 14.027038, "relative_strength": -25.204974, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.235236, "energy": 33.329437, "activity_lines": [ 5.337133, 5.308073, 5.136995, 4.933032 ] }, { "date": "2026-07-31", "close": 5.67, "volume": 4426730, "typical_volume": 5663369.35, "trend": 4.836167, "fair_value": 13.879282, "relative_strength": -12.452981, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.370869, "energy": 33.35961, "activity_lines": [ 5.4312, 5.376109, 5.213981, 4.985374 ] }, { "date": "2026-08-07", "close": 5.378, "volume": 4319121, "typical_volume": 5504588.55, "trend": 4.812967, "fair_value": 13.735487, "relative_strength": -17.761022, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.754426, "energy": 23.043391, "activity_lines": [ 5.396467, 5.384036, 5.255229, 5.020331 ] } ], "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." } } }