{ "ticker": { "uuid": "d7138627-b7a7-4253-8ed5-8f708c3e6a7e", "symbol": "NORSE", "name": "Norse Atlantic ASA", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -68.55, "architecture_energy": 88.75, "architecture_maturity": 100.0, "architecture_confidence": 95.752, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 3.68, "rotation_up": 30.0, "upward_expansion": 22.0, "deceleration": 37.0, "rotation_down": 59.59, "downward_expansion": 97.67 }, "activity_lines": [ 0.3995, 0.448091, 0.828773, 1.681205 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 0.4, "trend_reference": 2.898394, "distance_from_trend": -0.861993, "trend_direction": "Weakening", "fair_value": 7.14426, "distance_from_fair_value": -0.944011, "fair_value_direction": "Weakening", "relative_strength": -93.133152, "relative_strength_direction": "Weakening", "price_momentum": -0.936809, "excess_performance": -1.061803, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.861993, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.417351, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.944011, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.154617, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.931332, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.162007, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.936809, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.563837, "read": "Supply-led" } ], "volume": { "latest": 74706922, "relative_activity": 3.508751, "balance": 0.563837, "dry_up": 2.283656, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.519553, "annualized_volatility": 1.610636, "from_high_reference": -0.961759, "from_low_reference": 0.091405 }, "levels": { "trend_reference": 2.898394, "fair_value_reference": 7.14426, "structural_low": 0.3665, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": -0.047393, "positive_rate": 0.36, "directional_follow_through": 0.64, "median_excess_return": -0.060151, "regime_survival": 0.88, "best_return": 1.125506, "worst_return": -0.626522, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.221058, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.286175, "regime_survival": 0.75, "best_return": 1.129817, "worst_return": -0.895552, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.365264, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.422206, "regime_survival": 0.5, "best_return": 0.064021, "worst_return": -0.917902, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.1574, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.276961, "regime_survival": 0.0, "best_return": 0.324994, "worst_return": -0.639794, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-15", "end": "2023-10-06", "tenure": "New", "return": -0.192034, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-13", "end": "2023-10-20", "tenure": "New", "return": -0.069192, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-27", "end": "2023-11-24", "tenure": "Developing", "return": -0.260606, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-01", "end": "2024-05-31", "tenure": "Extended", "return": -0.158662, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-06-21", "tenure": "New", "return": -0.145872, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-07-05", "tenure": "New", "return": -0.398507, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-11-22", "tenure": "Established", "return": -0.087224, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-29", "end": "2025-01-10", "tenure": "Developing", "return": -0.066667, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": -0.055556, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": 0.106757, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-09-12", "tenure": "Extended", "return": 0.740704, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": -0.205556, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": -0.147383, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-08-07", "tenure": "Extended", "return": -0.944056, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 20.390469, "volume": 1641200, "typical_volume": 2702321.1, "trend": 17.065727, "fair_value": 31.81732, "relative_strength": 28.048301, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.797831, "energy": 31.222837, "activity_lines": [ 21.106526, 21.108824, 19.563308, 18.537074 ] }, { "date": "2023-08-25", "close": 20.967062, "volume": 774297, "typical_volume": 2733714.45, "trend": 17.463466, "fair_value": 31.729818, "relative_strength": 33.747165, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.429824, "energy": 27.40043, "activity_lines": [ 20.949272, 21.180112, 19.841535, 18.788773 ] }, { "date": "2023-09-01", "close": 23.444988, "volume": 4342182, "typical_volume": 2834712.1, "trend": 17.845956, "fair_value": 31.663539, "relative_strength": 46.456614, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.498494, "energy": 37.525389, "activity_lines": [ 21.722512, 21.647972, 20.336603, 19.174678 ] }, { "date": "2023-09-08", "close": 22.253677, "volume": 2639461, "typical_volume": 2822738.85, "trend": 18.169675, "fair_value": 31.588857, "relative_strength": 39.693377, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.943079, "energy": 37.300947, "activity_lines": [ 21.945843, 21.789196, 20.675824, 19.459047 ] }, { "date": "2023-09-15", "close": 22.730202, "volume": 2583340, "typical_volume": 2853642.85, "trend": 18.397453, "fair_value": 31.519104, "relative_strength": 38.649023, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.438988, "energy": 47.78478, "activity_lines": [ 22.355018, 21.970709, 21.021627, 19.753274 ] }, { "date": "2023-09-22", "close": 21.534126, "volume": 2643273, "typical_volume": 2688065.1, "trend": 18.65017, "fair_value": 31.441097, "relative_strength": 30.81708, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.200811, "energy": 39.852233, "activity_lines": [ 22.213967, 21.89923, 21.207072, 19.95564 ] }, { "date": "2023-09-29", "close": 19.942535, "volume": 1210154, "typical_volume": 2633561.5, "trend": 18.704335, "fair_value": 31.35196, "relative_strength": 21.45297, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.555031, "energy": 21.993565, "activity_lines": [ 21.466142, 21.559252, 21.20085, 20.039019 ] }, { "date": "2023-10-06", "close": 18.36524, "volume": 2029741, "typical_volume": 2648883.35, "trend": 18.701476, "fair_value": 31.252063, "relative_strength": 14.672487, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 4.093471, "energy": 9.168187, "activity_lines": [ 20.260853, 20.979625, 21.018454, 20.017142 ] }, { "date": "2023-10-13", "close": 18.870356, "volume": 1666750, "typical_volume": 2652385.05, "trend": 18.770095, "fair_value": 31.157546, "relative_strength": 11.929796, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.399104, "energy": 16.227944, "activity_lines": [ 19.562587, 20.542522, 20.869888, 20.028037 ] }, { "date": "2023-10-20", "close": 17.56468, "volume": 1262826, "typical_volume": 2473850.55, "trend": 18.821878, "fair_value": 31.05457, "relative_strength": 7.019841, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.554169, "energy": 30.408519, "activity_lines": [ 18.654649, 19.936904, 20.573689, 19.950268 ] }, { "date": "2023-10-27", "close": 16.297127, "volume": 725789, "typical_volume": 2191200.8, "trend": 18.762789, "fair_value": 30.943611, "relative_strength": -0.379504, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.014185, "energy": 51.394128, "activity_lines": [ 17.668563, 19.153412, 20.16249, 19.787381 ] }, { "date": "2023-11-03", "close": 11.928352, "volume": 7515884, "typical_volume": 2304713.35, "trend": 18.59556, "fair_value": 30.801706, "relative_strength": -28.247961, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.538228, "energy": 69.248045, "activity_lines": [ 15.575351, 17.650021, 19.357001, 19.34645 ] }, { "date": "2023-11-10", "close": 13.41, "volume": 14467416, "typical_volume": 2805084.1, "trend": 18.557777, "fair_value": 30.672879, "relative_strength": -19.224943, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.430599, "energy": 72.893333, "activity_lines": [ 14.5103, 16.580361, 18.72153, 19.011898 ] }, { "date": "2023-11-17", "close": 12.616, "volume": 1732023, "typical_volume": 2731387.05, "trend": 18.508139, "fair_value": 30.540108, "relative_strength": -24.762144, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.738266, "energy": 75.674572, "activity_lines": [ 13.510933, 15.548792, 18.029407, 18.628557 ] }, { "date": "2023-11-24", "close": 12.05, "volume": 1122855, "typical_volume": 2701223.25, "trend": 18.477249, "fair_value": 30.405143, "relative_strength": -29.235561, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.689416, "energy": 86.856378, "activity_lines": [ 12.739855, 14.589545, 17.317134, 18.211903 ] }, { "date": "2023-12-01", "close": 11.66, "volume": 1008982, "typical_volume": 2691117.7, "trend": 18.428721, "fair_value": 30.269309, "relative_strength": -31.066736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.519599, "energy": 86.720453, "activity_lines": [ 12.206423, 13.753574, 16.609272, 17.77208 ] }, { "date": "2023-12-08", "close": 12.456, "volume": 1472145, "typical_volume": 2697400.95, "trend": 18.360852, "fair_value": 30.141156, "relative_strength": -26.02049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.455903, "energy": 79.504501, "activity_lines": [ 12.247467, 13.241859, 16.029708, 17.386744 ] }, { "date": "2023-12-15", "close": 12.744, "volume": 2321374, "typical_volume": 2759005.25, "trend": 18.273421, "fair_value": 30.01689, "relative_strength": -24.756941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.074144, "energy": 64.839843, "activity_lines": [ 12.349333, 12.918627, 15.525567, 17.024366 ] }, { "date": "2023-12-22", "close": 12.7, "volume": 1601155, "typical_volume": 2750512.2, "trend": 18.230714, "fair_value": 29.894076, "relative_strength": -25.348268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.409681, "energy": 54.72256, "activity_lines": [ 12.480933, 12.6896, 15.057278, 16.66479 ] }, { "date": "2023-12-29", "close": 12.1, "volume": 437757, "typical_volume": 2659930.2, "trend": 18.00853, "fair_value": 29.768765, "relative_strength": -29.775479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.705296, "energy": 52.774517, "activity_lines": [ 12.406933, 12.46367, 14.579268, 16.269261 ] }, { "date": "2024-01-05", "close": 11.864, "volume": 979798, "typical_volume": 2626860.1, "trend": 17.708271, "fair_value": 29.643557, "relative_strength": -31.980351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.091756, "energy": 53.858876, "activity_lines": [ 12.250933, 12.294188, 14.118579, 15.872839 ] }, { "date": "2024-01-12", "close": 12.296, "volume": 2771062, "typical_volume": 2726698.35, "trend": 17.518162, "fair_value": 29.523088, "relative_strength": -28.764504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.247712, "energy": 49.355855, "activity_lines": [ 12.225333, 12.283855, 13.739634, 15.523661 ] }, { "date": "2024-01-19", "close": 11.86, "volume": 2312183, "typical_volume": 2625198.4, "trend": 17.333724, "fair_value": 29.401273, "relative_strength": -30.341817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.887594, "energy": 52.571072, "activity_lines": [ 12.065067, 12.187564, 13.360457, 15.158618 ] }, { "date": "2024-01-26", "close": 13.014, "volume": 4478416, "typical_volume": 2717146.15, "trend": 17.110715, "fair_value": 29.289032, "relative_strength": -24.754884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.636367, "energy": 41.995514, "activity_lines": [ 12.3484, 12.329273, 13.14635, 14.879926 ] }, { "date": "2024-02-02", "close": 13.05, "volume": 1683985, "typical_volume": 2672178.4, "trend": 16.853167, "fair_value": 29.178562, "relative_strength": -23.293432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.470507, "energy": 40.67933, "activity_lines": [ 12.6228, 12.470291, 12.979671, 14.617944 ] }, { "date": "2024-02-09", "close": 12.798, "volume": 2151434, "typical_volume": 2647586.45, "trend": 16.523682, "fair_value": 29.067883, "relative_strength": -22.90348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.537694, "energy": 34.930913, "activity_lines": [ 12.749867, 12.547309, 12.835088, 14.356321 ] }, { "date": "2024-02-16", "close": 12.84, "volume": 1450113, "typical_volume": 2659584.4, "trend": 16.200521, "fair_value": 28.958971, "relative_strength": -23.786793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.335132, "energy": 26.719845, "activity_lines": [ 12.828667, 12.611273, 12.736106, 14.118664 ] }, { "date": "2024-02-23", "close": 11.902, "volume": 1039367, "typical_volume": 2610065.7, "trend": 15.892157, "fair_value": 28.845258, "relative_strength": -28.975726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.285704, "energy": 34.672997, "activity_lines": [ 12.558533, 12.497709, 12.581612, 13.84134 ] }, { "date": "2024-03-01", "close": 9.0, "volume": 6392137, "typical_volume": 2846335.05, "trend": 15.436867, "fair_value": 28.713832, "relative_strength": -46.31248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.140141, "energy": 58.120002, "activity_lines": [ 11.318267, 11.871818, 12.181514, 13.396685 ] }, { "date": "2024-03-08", "close": 8.374, "volume": 1633319, "typical_volume": 2864859.7, "trend": 15.034094, "fair_value": 28.580017, "relative_strength": -49.574274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.791045, "energy": 85.233435, "activity_lines": [ 10.136933, 11.199382, 11.768799, 12.941016 ] }, { "date": "2024-03-15", "close": 7.854, "volume": 1024936, "typical_volume": 2879817.05, "trend": 14.616211, "fair_value": 28.444553, "relative_strength": -52.615336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.847205, "energy": 93.494337, "activity_lines": [ 9.094, 10.500145, 11.350325, 12.477784 ] }, { "date": "2024-03-22", "close": 8.0, "volume": 1751930, "typical_volume": 2591619.35, "trend": 14.183976, "fair_value": 28.311796, "relative_strength": -52.122874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.989687, "energy": 91.12232, "activity_lines": [ 8.429333, 9.900364, 10.985962, 12.050932 ] }, { "date": "2024-03-29", "close": 8.02, "volume": 1136829, "typical_volume": 1925090.0, "trend": 13.66981, "fair_value": 28.180882, "relative_strength": -51.653839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.832571, "energy": 88.967134, "activity_lines": [ 8.094, 9.382327, 10.64221, 11.653256 ] }, { "date": "2024-04-05", "close": 8.27, "volume": 2770489, "typical_volume": 1977013.3, "trend": 13.203687, "fair_value": 28.053248, "relative_strength": -50.392623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.493069, "energy": 82.067401, "activity_lines": [ 8.1008, 8.979564, 10.347933, 11.304881 ] }, { "date": "2024-04-12", "close": 8.95, "volume": 4687456, "typical_volume": 2155243.35, "trend": 12.744347, "fair_value": 27.746342, "relative_strength": -46.830712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.452795, "energy": 59.969363, "activity_lines": [ 8.382933, 8.786691, 10.139114, 11.030449 ] }, { "date": "2024-04-19", "close": 8.47, "volume": 2646843, "typical_volume": 2237136.4, "trend": 12.308876, "fair_value": 27.424672, "relative_strength": -47.933954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.060624, "energy": 52.60344, "activity_lines": [ 8.466667, 8.581091, 9.899343, 10.754685 ] }, { "date": "2024-04-26", "close": 8.47, "volume": 1848606, "typical_volume": 2255959.45, "trend": 11.926458, "fair_value": 27.116591, "relative_strength": -48.518339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.075782, "energy": 44.614248, "activity_lines": [ 8.509333, 8.454182, 9.674762, 10.507016 ] }, { "date": "2024-05-03", "close": 8.81, "volume": 934551, "typical_volume": 2186618.3, "trend": 11.60795, "fair_value": 26.807972, "relative_strength": -46.27858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.465674, "energy": 38.642254, "activity_lines": [ 8.634, 8.468545, 9.501543, 10.305954 ] }, { "date": "2024-05-10", "close": 9.48, "volume": 1281605, "typical_volume": 2170640.8, "trend": 11.294939, "fair_value": 26.502742, "relative_strength": -43.648609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.279235, "energy": 32.251136, "activity_lines": [ 8.929333, 8.660945, 9.410867, 10.168667 ] }, { "date": "2024-05-17", "close": 9.6, "volume": 2198881, "typical_volume": 2258697.0, "trend": 11.029449, "fair_value": 26.192845, "relative_strength": -42.30301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.305518, "energy": 22.777825, "activity_lines": [ 9.184, 8.866436, 9.346952, 10.059316 ] }, { "date": "2024-05-24", "close": 9.41, "volume": 1703629, "typical_volume": 2294888.55, "trend": 10.799878, "fair_value": 25.871584, "relative_strength": -43.270386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.877782, "energy": 20.733351, "activity_lines": [ 9.332, 9.015091, 9.276848, 9.954835 ] }, { "date": "2024-05-31", "close": 9.81, "volume": 1254658, "typical_volume": 2219068.35, "trend": 10.729267, "fair_value": 25.565389, "relative_strength": -40.729004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.928406, "energy": 23.207417, "activity_lines": [ 9.550667, 9.208182, 9.256524, 9.890972 ] }, { "date": "2024-06-07", "close": 10.9, "volume": 3964338, "typical_volume": 2301676.1, "trend": 10.6456, "fair_value": 25.259297, "relative_strength": -32.292473, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.777665, "energy": 22.157714, "activity_lines": [ 10.043333, 9.566545, 9.351848, 9.901987 ] }, { "date": "2024-06-14", "close": 10.02, "volume": 2604124, "typical_volume": 2207961.5, "trend": 10.559067, "fair_value": 24.950643, "relative_strength": -35.546089, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.282361, "energy": 19.778283, "activity_lines": [ 10.103333, 9.712545, 9.367933, 9.861626 ] }, { "date": "2024-06-21", "close": 9.31, "volume": 1099107, "typical_volume": 2178717.6, "trend": 10.467733, "fair_value": 24.644323, "relative_strength": -39.947673, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.755539, "energy": 16.239343, "activity_lines": [ 9.890667, 9.697636, 9.330657, 9.781041 ] }, { "date": "2024-06-28", "close": 6.7, "volume": 12337967, "typical_volume": 2688044.25, "trend": 10.3024, "fair_value": 24.328411, "relative_strength": -56.372918, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.19287, "energy": 34.163641, "activity_lines": [ 8.827333, 9.201636, 9.062619, 9.537961 ] }, { "date": "2024-07-05", "close": 4.03, "volume": 18948545, "typical_volume": 3562965.85, "trend": 10.021533, "fair_value": 24.004552, "relative_strength": -72.996523, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.098791, "energy": 83.346686, "activity_lines": [ 7.054667, 8.252364, 8.569333, 9.13329 ] }, { "date": "2024-07-12", "close": 4.07, "volume": 2689079, "typical_volume": 3645451.45, "trend": 9.7324, "fair_value": 23.693451, "relative_strength": -72.209899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.050343, "energy": 95.105017, "activity_lines": [ 5.680667, 7.391091, 8.12181, 8.74932 ] }, { "date": "2024-07-19", "close": 3.6, "volume": 2117991, "typical_volume": 3431744.15, "trend": 9.429067, "fair_value": 23.39039, "relative_strength": -74.815222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.655103, "energy": 94.801083, "activity_lines": [ 4.605333, 6.530545, 7.666819, 8.353682 ] }, { "date": "2024-07-26", "close": 3.025, "volume": 5008028, "typical_volume": 3600479.6, "trend": 9.126567, "fair_value": 23.087629, "relative_strength": -78.066712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.194838, "energy": 93.972618, "activity_lines": [ 3.766333, 5.672364, 7.182781, 7.940516 ] }, { "date": "2024-08-02", "close": 3.115, "volume": 6892602, "typical_volume": 3893862.9, "trend": 8.834933, "fair_value": 22.781459, "relative_strength": -76.248534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.662023, "energy": 90.753085, "activity_lines": [ 3.376333, 4.950091, 6.732786, 7.552673 ] }, { "date": "2024-08-09", "close": 2.96, "volume": 3831819, "typical_volume": 3997857.35, "trend": 8.523733, "fair_value": 22.482268, "relative_strength": -76.818113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.662638, "energy": 88.678428, "activity_lines": [ 3.173667, 4.314091, 6.290595, 7.173645 ] }, { "date": "2024-08-16", "close": 2.9, "volume": 2164134, "typical_volume": 4049222.6, "trend": 8.225067, "fair_value": 22.204434, "relative_strength": -77.052361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.779576, "energy": 70.68428, "activity_lines": [ 3.022333, 3.791727, 5.86669, 6.810824 ] }, { "date": "2024-08-23", "close": 2.46, "volume": 6134517, "typical_volume": 4217424.0, "trend": 7.873267, "fair_value": 21.955669, "relative_strength": -79.740115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.842609, "energy": 69.75872, "activity_lines": [ 2.802333, 3.334818, 5.425262, 6.438884 ] }, { "date": "2024-08-30", "close": 1.972, "volume": 16069387, "typical_volume": 4786520.55, "trend": 7.504, "fair_value": 21.725519, "relative_strength": -83.158856, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.894073, "energy": 70.396775, "activity_lines": [ 2.495667, 2.926636, 4.965024, 6.058157 ] }, { "date": "2024-09-06", "close": 1.982, "volume": 6378132, "typical_volume": 4973085.0, "trend": 7.143467, "fair_value": 21.422957, "relative_strength": -81.722532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.605702, "energy": 68.801616, "activity_lines": [ 2.262533, 2.653691, 4.538967, 5.701899 ] }, { "date": "2024-09-13", "close": 1.962, "volume": 2838554, "typical_volume": 5022582.4, "trend": 6.780867, "fair_value": 21.13295, "relative_strength": -81.449953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.843654, "energy": 67.83087, "activity_lines": [ 2.098267, 2.462891, 4.1419, 5.367611 ] }, { "date": "2024-09-20", "close": 1.904, "volume": 2065144, "typical_volume": 5079112.05, "trend": 6.4476, "fair_value": 20.862503, "relative_strength": -81.269247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.53261, "energy": 67.662366, "activity_lines": [ 1.9812, 2.299145, 3.7703, 5.052974 ] }, { "date": "2024-09-27", "close": 1.92, "volume": 3158525, "typical_volume": 5172958.05, "trend": 6.2116, "fair_value": 20.594803, "relative_strength": -80.369023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.52104, "energy": 85.361612, "activity_lines": [ 1.935867, 2.177691, 3.43311, 4.760871 ] }, { "date": "2024-10-04", "close": 1.972, "volume": 1457772, "typical_volume": 5135902.6, "trend": 5.9982, "fair_value": 20.344721, "relative_strength": -79.680266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.243615, "energy": 88.000293, "activity_lines": [ 1.943867, 2.096236, 3.136871, 4.487348 ] }, { "date": "2024-10-11", "close": 1.5, "volume": 5274556, "typical_volume": 5314448.95, "trend": 5.7864, "fair_value": 20.067154, "relative_strength": -83.925806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.032339, "energy": 91.483533, "activity_lines": [ 1.794533, 1.948109, 2.832005, 4.197142 ] }, { "date": "2024-10-18", "close": 1.688, "volume": 2265423, "typical_volume": 5364987.2, "trend": 5.576, "fair_value": 19.799706, "relative_strength": -80.995946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.193002, "energy": 87.506378, "activity_lines": [ 1.74, 1.863527, 2.58271, 3.932729 ] }, { "date": "2024-10-25", "close": 1.82, "volume": 2426698, "typical_volume": 5288105.2, "trend": 5.369333, "fair_value": 19.533902, "relative_strength": -79.142545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.414194, "energy": 78.719998, "activity_lines": [ 1.747733, 1.826073, 2.384662, 3.690406 ] }, { "date": "2024-11-01", "close": 1.976, "volume": 3440486, "typical_volume": 5329923.3, "trend": 5.159533, "fair_value": 19.264315, "relative_strength": -76.309126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.043906, "energy": 65.888971, "activity_lines": [ 1.813067, 1.836618, 2.24471, 3.471482 ] }, { "date": "2024-11-08", "close": 2.955, "volume": 8900490, "typical_volume": 5719992.45, "trend": 4.9597, "fair_value": 19.006039, "relative_strength": -63.132782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.690953, "energy": 51.364223, "activity_lines": [ 2.201, 2.033964, 2.2363, 3.329254 ] }, { "date": "2024-11-15", "close": 3.3, "volume": 11127545, "typical_volume": 5659471.35, "trend": 4.787367, "fair_value": 18.755593, "relative_strength": -58.594967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.419133, "energy": 31.140433, "activity_lines": [ 2.6384, 2.276164, 2.29101, 3.222176 ] }, { "date": "2024-11-22", "close": 3.715, "volume": 3251702, "typical_volume": 4874629.2, "trend": 4.628867, "fair_value": 18.533354, "relative_strength": -53.052921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.614331, "energy": 34.006414, "activity_lines": [ 3.094133, 2.569855, 2.401433, 3.152991 ] }, { "date": "2024-11-29", "close": 4.2, "volume": 13351282, "typical_volume": 5407739.35, "trend": 4.4752, "fair_value": 18.321979, "relative_strength": -45.213256, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 26.937195, "energy": 46.459282, "activity_lines": [ 3.5764, 2.919855, 2.559548, 3.125323 ] }, { "date": "2024-12-06", "close": 3.94, "volume": 6423177, "typical_volume": 5622998.65, "trend": 4.290533, "fair_value": 18.089985, "relative_strength": -47.108267, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 15.138844, "energy": 44.029821, "activity_lines": [ 3.813333, 3.180836, 2.692281, 3.090794 ] }, { "date": "2024-12-13", "close": 3.93, "volume": 3006160, "typical_volume": 5522905.25, "trend": 4.101533, "fair_value": 17.865138, "relative_strength": -45.660907, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 12.502943, "energy": 42.329699, "activity_lines": [ 3.916, 3.403273, 2.822443, 3.067533 ] }, { "date": "2024-12-20", "close": 3.7, "volume": 1393569, "typical_volume": 5247953.6, "trend": 3.9112, "fair_value": 17.62251, "relative_strength": -45.689846, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 10.657368, "energy": 42.805873, "activity_lines": [ 3.877, 3.548291, 2.92639, 3.041628 ] }, { "date": "2024-12-27", "close": 3.965, "volume": 927913, "typical_volume": 5102758.3, "trend": 3.716367, "fair_value": 17.377051, "relative_strength": -41.299667, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.180123, "energy": 40.40379, "activity_lines": [ 3.899667, 3.701491, 3.05279, 3.045099 ] }, { "date": "2025-01-03", "close": 4.06, "volume": 1778779, "typical_volume": 5083490.55, "trend": 3.488367, "fair_value": 17.14271, "relative_strength": -39.911385, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.099625, "energy": 38.4239, "activity_lines": [ 3.937333, 3.830564, 3.183452, 3.067269 ] }, { "date": "2025-01-10", "close": 3.92, "volume": 1907850, "typical_volume": 4872157.2, "trend": 3.285033, "fair_value": 16.903304, "relative_strength": -40.987946, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.488286, "energy": 34.752634, "activity_lines": [ 3.937667, 3.893455, 3.295257, 3.095116 ] }, { "date": "2025-01-17", "close": 3.78, "volume": 1372358, "typical_volume": 4137305.75, "trend": 3.1007, "fair_value": 16.641765, "relative_strength": -41.944121, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.072381, "energy": 37.960917, "activity_lines": [ 3.892667, 3.895545, 3.386776, 3.127049 ] }, { "date": "2025-01-24", "close": 3.78, "volume": 727904, "typical_volume": 3854794.35, "trend": 3.003367, "fair_value": 16.371928, "relative_strength": -39.769438, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.923595, "energy": 33.813562, "activity_lines": [ 3.857667, 3.882636, 3.469686, 3.170875 ] }, { "date": "2025-01-31", "close": 3.57, "volume": 1408442, "typical_volume": 3783288.75, "trend": 2.988033, "fair_value": 16.10763, "relative_strength": -42.011498, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.098621, "energy": 26.46451, "activity_lines": [ 3.747333, 3.822818, 3.524033, 3.207432 ] }, { "date": "2025-02-07", "close": 3.7, "volume": 1787028, "typical_volume": 3769382.95, "trend": 2.9757, "fair_value": 15.86069, "relative_strength": -36.311939, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.911796, "energy": 23.025346, "activity_lines": [ 3.706667, 3.789273, 3.583105, 3.253366 ] }, { "date": "2025-02-14", "close": 3.68, "volume": 591403, "typical_volume": 3641026.85, "trend": 2.978367, "fair_value": 15.62866, "relative_strength": -34.306198, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.733358, "energy": 21.852131, "activity_lines": [ 3.683333, 3.761182, 3.631719, 3.298804 ] }, { "date": "2025-02-21", "close": 3.5, "volume": 699728, "typical_volume": 3603124.65, "trend": 2.9942, "fair_value": 15.411058, "relative_strength": -35.685664, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.651405, "energy": 19.937336, "activity_lines": [ 3.616, 3.705091, 3.65481, 3.332458 ] }, { "date": "2025-02-28", "close": 3.67, "volume": 2779114, "typical_volume": 3478352.55, "trend": 3.0127, "fair_value": 15.215672, "relative_strength": -30.386835, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.412534, "energy": 20.559559, "activity_lines": [ 3.624, 3.687727, 3.686814, 3.376058 ] }, { "date": "2025-03-07", "close": 4.095, "volume": 2405912, "typical_volume": 3485377.0, "trend": 3.050533, "fair_value": 15.037434, "relative_strength": -20.754936, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.388863, "energy": 35.902801, "activity_lines": [ 3.781, 3.748182, 3.748962, 3.445884 ] }, { "date": "2025-03-14", "close": 4.975, "volume": 3278382, "typical_volume": 3527961.2, "trend": 3.1197, "fair_value": 14.832621, "relative_strength": -3.10817, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.646843, "energy": 77.893245, "activity_lines": [ 4.196333, 3.966273, 3.883457, 3.570043 ] }, { "date": "2025-03-21", "close": 5.62, "volume": 2372978, "typical_volume": 3474585.8, "trend": 3.225033, "fair_value": 14.638538, "relative_strength": 8.796926, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.136791, "energy": 93.365087, "activity_lines": [ 4.741667, 4.285, 4.064357, 3.731353 ] }, { "date": "2025-03-28", "close": 5.5, "volume": 1789660, "typical_volume": 3119044.3, "trend": 3.342633, "fair_value": 14.427379, "relative_strength": 9.409888, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.058504, "energy": 93.248026, "activity_lines": [ 5.117667, 4.551, 4.216476, 3.878125 ] }, { "date": "2025-04-04", "close": 5.3, "volume": 920413, "typical_volume": 2608687.7, "trend": 3.453233, "fair_value": 14.195732, "relative_strength": 15.890168, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.023446, "energy": 87.854791, "activity_lines": [ 5.293667, 4.749364, 4.337429, 4.004406 ] }, { "date": "2025-04-11", "close": 4.875, "volume": 1072547, "typical_volume": 2499729.95, "trend": 3.550333, "fair_value": 13.966072, "relative_strength": 7.637857, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.566823, "energy": 75.731703, "activity_lines": [ 5.219333, 4.842818, 4.408381, 4.096133 ] }, { "date": "2025-04-18", "close": 4.78, "volume": 193249, "typical_volume": 1841828.3, "trend": 3.6462, "fair_value": 13.727468, "relative_strength": 4.527338, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.231782, "energy": 52.343688, "activity_lines": [ 5.061333, 4.895273, 4.464762, 4.175467 ] }, { "date": "2025-04-25", "close": 5.1, "volume": 358892, "typical_volume": 1538614.05, "trend": 3.7522, "fair_value": 13.465911, "relative_strength": 12.690394, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.574206, "energy": 43.66819, "activity_lines": [ 5.023, 4.986273, 4.548857, 4.26926 ] }, { "date": "2025-05-02", "close": 5.0, "volume": 374199, "typical_volume": 1407016.0, "trend": 3.853133, "fair_value": 13.247561, "relative_strength": 8.644207, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.16385, "energy": 31.842063, "activity_lines": [ 4.986, 5.033273, 4.617905, 4.349763 ] }, { "date": "2025-05-09", "close": 6.49, "volume": 2194961, "typical_volume": 1447085.6, "trend": 4.019467, "fair_value": 13.053982, "relative_strength": 43.618408, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.230945, "energy": 53.810382, "activity_lines": [ 5.479, 5.323909, 4.823762, 4.519884 ] }, { "date": "2025-05-16", "close": 6.54, "volume": 740186, "typical_volume": 1437699.25, "trend": 4.1812, "fair_value": 12.85565, "relative_strength": 41.51619, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.162652, "energy": 66.24646, "activity_lines": [ 5.909333, 5.572364, 5.021095, 4.682499 ] }, { "date": "2025-05-23", "close": 5.96, "volume": 28293332, "typical_volume": 2763426.9, "trend": 4.3192, "fair_value": 12.658311, "relative_strength": 32.677881, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.163318, "energy": 62.4228, "activity_lines": [ 6.035333, 5.670909, 5.150929, 4.79726 ] }, { "date": "2025-05-30", "close": 7.84, "volume": 14023946, "typical_volume": 3369231.7, "trend": 4.514667, "fair_value": 12.473023, "relative_strength": 75.27575, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.917157, "energy": 79.017562, "activity_lines": [ 6.709333, 6.093364, 5.450762, 5.024409 ] }, { "date": "2025-06-06", "close": 7.57, "volume": 4341604, "typical_volume": 3517694.0, "trend": 4.6685, "fair_value": 12.276583, "relative_strength": 70.072889, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.487763, "energy": 75.671114, "activity_lines": [ 7.110667, 6.426364, 5.706214, 5.221527 ] }, { "date": "2025-06-13", "close": 7.2, "volume": 2262631, "typical_volume": 3594430.35, "trend": 4.7985, "fair_value": 12.099876, "relative_strength": 60.561678, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.528585, "energy": 59.176571, "activity_lines": [ 7.217333, 6.654455, 5.908381, 5.384849 ] }, { "date": "2025-06-20", "close": 6.8, "volume": 3804765, "typical_volume": 3714246.5, "trend": 4.901333, "fair_value": 11.918793, "relative_strength": 52.7658, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.848886, "energy": 57.689986, "activity_lines": [ 7.143333, 6.775273, 6.056167, 5.513978 ] }, { "date": "2025-06-27", "close": 7.81, "volume": 3870037, "typical_volume": 3818396.95, "trend": 5.021667, "fair_value": 11.759404, "relative_strength": 79.210457, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.812516, "energy": 53.610206, "activity_lines": [ 7.388667, 7.044727, 6.284762, 5.701634 ] }, { "date": "2025-07-04", "close": 8.97, "volume": 3782725, "typical_volume": 3977963.05, "trend": 5.189333, "fair_value": 11.599116, "relative_strength": 99.031288, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.054613, "energy": 60.247241, "activity_lines": [ 7.897333, 7.47, 6.604262, 5.956366 ] }, { "date": "2025-07-11", "close": 9.48, "volume": 3191699, "typical_volume": 4102561.6, "trend": 5.374333, "fair_value": 11.438836, "relative_strength": 106.659233, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.982736, "energy": 77.081264, "activity_lines": [ 8.500667, 7.917636, 6.947143, 6.233183 ] }, { "date": "2025-07-18", "close": 9.24, "volume": 1518468, "typical_volume": 4039529.3, "trend": 5.559, "fair_value": 11.26977, "relative_strength": 98.344216, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.127171, "energy": 81.623548, "activity_lines": [ 8.896667, 8.240182, 7.23869, 6.482581 ] }, { "date": "2025-07-25", "close": 8.92, "volume": 1153710, "typical_volume": 3976919.2, "trend": 5.724167, "fair_value": 11.094305, "relative_strength": 87.484397, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.069059, "energy": 78.381159, "activity_lines": [ 9.05, 8.454545, 7.473238, 6.699419 ] }, { "date": "2025-08-01", "close": 8.96, "volume": 2288688, "typical_volume": 3927434.5, "trend": 5.8875, "fair_value": 10.91982, "relative_strength": 85.31694, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.115583, "energy": 67.246816, "activity_lines": [ 9.075333, 8.632909, 7.688619, 6.908183 ] }, { "date": "2025-08-08", "close": 9.13, "volume": 1969559, "typical_volume": 3907263.55, "trend": 6.061167, "fair_value": 10.756209, "relative_strength": 82.701146, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.079128, "energy": 56.080205, "activity_lines": [ 9.080667, 8.787636, 7.901214, 7.117376 ] }, { "date": "2025-08-15", "close": 9.19, "volume": 1648400, "typical_volume": 3900200.55, "trend": 6.2415, "fair_value": 10.598057, "relative_strength": 78.576965, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.572228, "energy": 51.934465, "activity_lines": [ 9.095333, 8.929818, 8.10281, 7.319237 ] }, { "date": "2025-08-22", "close": 9.69, "volume": 8019983, "typical_volume": 4255179.05, "trend": 6.4385, "fair_value": 10.460141, "relative_strength": 80.354058, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.225456, "energy": 54.621847, "activity_lines": [ 9.296, 9.133455, 8.334452, 7.54172 ] }, { "date": "2025-08-29", "close": 8.61, "volume": 2783301, "typical_volume": 4340716.75, "trend": 6.6065, "fair_value": 10.335957, "relative_strength": 58.358759, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.541505, "energy": 49.014454, "activity_lines": [ 9.106667, 9.095455, 8.442333, 7.681817 ] }, { "date": "2025-09-05", "close": 8.95, "volume": 3578530, "typical_volume": 4509980.8, "trend": 6.7815, "fair_value": 10.230441, "relative_strength": 62.832962, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.866137, "energy": 41.849096, "activity_lines": [ 9.051333, 9.086364, 8.56481, 7.833011 ] }, { "date": "2025-09-12", "close": 8.66, "volume": 2813000, "typical_volume": 4632686.2, "trend": 6.9475, "fair_value": 10.162746, "relative_strength": 51.510684, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.452756, "energy": 34.826319, "activity_lines": [ 8.9, 9.003818, 8.63981, 7.954204 ] }, { "date": "2025-09-19", "close": 9.0, "volume": 4137950, "typical_volume": 4820873.75, "trend": 7.130833, "fair_value": 10.126221, "relative_strength": 54.770905, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.229226, "energy": 27.403623, "activity_lines": [ 8.893333, 8.988727, 8.730238, 8.086624 ] }, { "date": "2025-09-26", "close": 9.14, "volume": 6511539, "typical_volume": 5036702.65, "trend": 7.313167, "fair_value": 10.095123, "relative_strength": 52.168965, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.224097, "energy": 30.405974, "activity_lines": [ 8.946, 9.007818, 8.814952, 8.216247 ] }, { "date": "2025-10-03", "close": 8.14, "volume": 5296984, "typical_volume": 5264542.55, "trend": 7.448, "fair_value": 10.070841, "relative_strength": 33.955162, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.948144, "energy": 17.174064, "activity_lines": [ 8.702, 8.846909, 8.79181, 8.269591 ] }, { "date": "2025-10-10", "close": 8.14, "volume": 2268345, "typical_volume": 3963293.2, "trend": 7.5535, "fair_value": 10.043298, "relative_strength": 31.253471, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.283958, "energy": 11.370387, "activity_lines": [ 8.489333, 8.700182, 8.761048, 8.314237 ] }, { "date": "2025-10-17", "close": 7.86, "volume": 1562924, "typical_volume": 3340242.1, "trend": 7.628167, "fair_value": 10.008705, "relative_strength": 26.526113, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.312176, "energy": 12.735889, "activity_lines": [ 8.237333, 8.517455, 8.693238, 8.334011 ] }, { "date": "2025-10-24", "close": 7.74, "volume": 1247837, "typical_volume": 3185553.75, "trend": 7.702833, "fair_value": 9.978689, "relative_strength": 20.996951, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.287922, "energy": 21.140967, "activity_lines": [ 7.998667, 8.336, 8.613905, 8.341226 ] }, { "date": "2025-10-31", "close": 7.75, "volume": 2100826, "typical_volume": 3177463.5, "trend": 7.7845, "fair_value": 9.954534, "relative_strength": 21.42893, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.090223, "energy": 25.683349, "activity_lines": [ 7.847333, 8.182727, 8.534714, 8.344269 ] }, { "date": "2025-11-07", "close": 7.15, "volume": 1610111, "typical_volume": 3067730.8, "trend": 7.860333, "fair_value": 9.920554, "relative_strength": 11.617248, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.425524, "energy": 49.736123, "activity_lines": [ 7.588667, 7.955636, 8.395762, 8.303333 ] }, { "date": "2025-11-14", "close": 7.26, "volume": 2497342, "typical_volume": 2999096.05, "trend": 7.943, "fair_value": 9.892353, "relative_strength": 11.061389, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.840569, "energy": 46.470103, "activity_lines": [ 7.432667, 7.775091, 8.265619, 8.264602 ] }, { "date": "2025-11-21", "close": 6.86, "volume": 2169034, "typical_volume": 2918411.5, "trend": 8.001667, "fair_value": 9.869614, "relative_strength": 6.096156, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.352999, "energy": 56.494795, "activity_lines": [ 7.202, 7.552545, 8.1, 8.194731 ] }, { "date": "2025-11-28", "close": 6.05, "volume": 6659112, "typical_volume": 3091782.15, "trend": 8.036667, "fair_value": 9.847425, "relative_strength": -8.318447, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.794468, "energy": 69.496909, "activity_lines": [ 6.768, 7.215455, 7.867286, 8.068817 ] }, { "date": "2025-12-05", "close": 6.19, "volume": 5892285, "typical_volume": 3310473.0, "trend": 8.026667, "fair_value": 9.829433, "relative_strength": -7.969438, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.311365, "energy": 78.27036, "activity_lines": [ 6.493333, 6.957455, 7.664238, 7.949677 ] }, { "date": "2025-12-12", "close": 7.15, "volume": 4814592, "typical_volume": 3493517.1, "trend": 8.047, "fair_value": 9.822971, "relative_strength": 4.833467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.284064, "energy": 66.460297, "activity_lines": [ 6.642667, 6.927636, 7.567143, 7.893118 ] }, { "date": "2025-12-19", "close": 6.65, "volume": 1560846, "typical_volume": 3457125.0, "trend": 8.07, "fair_value": 9.817458, "relative_strength": -4.121072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.753635, "energy": 52.890681, "activity_lines": [ 6.625333, 6.824909, 7.430857, 7.802989 ] }, { "date": "2025-12-26", "close": 6.73, "volume": 634565, "typical_volume": 3390375.3, "trend": 8.033, "fair_value": 9.811603, "relative_strength": -3.894211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.954119, "energy": 41.666141, "activity_lines": [ 6.675333, 6.763818, 7.31319, 7.716538 ] }, { "date": "2026-01-02", "close": 6.72, "volume": 666024, "typical_volume": 3341256.5, "trend": 8.004667, "fair_value": 9.805561, "relative_strength": -6.266285, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.663387, "energy": 32.938361, "activity_lines": [ 6.730667, 6.721455, 7.206, 7.631828 ] }, { "date": "2026-01-09", "close": 6.45, "volume": 1735365, "typical_volume": 3027025.6, "trend": 7.979667, "fair_value": 9.7962, "relative_strength": -10.513067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.180911, "energy": 38.835264, "activity_lines": [ 6.651333, 6.648545, 7.084857, 7.531527 ] }, { "date": "2026-01-16", "close": 5.54, "volume": 3233905, "typical_volume": 3049555.8, "trend": 7.937667, "fair_value": 9.773552, "relative_strength": -25.710078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.014733, "energy": 59.150771, "activity_lines": [ 6.251333, 6.433818, 6.892476, 7.374129 ] }, { "date": "2026-01-23", "close": 5.3, "volume": 1574759, "typical_volume": 2949367.25, "trend": 7.854, "fair_value": 9.749611, "relative_strength": -28.377977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.765389, "energy": 76.793967, "activity_lines": [ 5.878667, 6.204727, 6.691857, 7.203957 ] }, { "date": "2026-01-30", "close": 5.09, "volume": 1438294, "typical_volume": 2880631.95, "trend": 7.724667, "fair_value": 9.705506, "relative_strength": -32.433861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.010279, "energy": 85.391422, "activity_lines": [ 5.526, 5.973091, 6.488619, 7.025634 ] }, { "date": "2026-02-06", "close": 6.33, "volume": 4835616, "typical_volume": 2915515.25, "trend": 7.619667, "fair_value": 9.665685, "relative_strength": -18.239918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.293726, "energy": 69.534612, "activity_lines": [ 5.696, 5.999091, 6.420476, 6.935656 ] }, { "date": "2026-02-13", "close": 6.4, "volume": 4041922, "typical_volume": 2792034.4, "trend": 7.525, "fair_value": 9.604808, "relative_strength": -18.71311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.342162, "energy": 46.020228, "activity_lines": [ 5.915333, 6.032727, 6.371714, 6.856968 ] }, { "date": "2026-02-20", "close": 6.23, "volume": 3076578, "typical_volume": 2681014.1, "trend": 7.435333, "fair_value": 9.555304, "relative_strength": -23.773336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.862081, "energy": 30.977072, "activity_lines": [ 6.081333, 6.031636, 6.31981, 6.773419 ] }, { "date": "2026-02-27", "close": 7.11, "volume": 6458673, "typical_volume": 2890530.5, "trend": 7.373667, "fair_value": 9.48346, "relative_strength": -13.863155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.515169, "energy": 20.4276, "activity_lines": [ 6.494667, 6.207273, 6.36081, 6.75243 ] }, { "date": "2026-03-06", "close": 6.03, "volume": 9182424, "typical_volume": 3271505.5, "trend": 7.270333, "fair_value": 9.403838, "relative_strength": -27.547139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.430284, "energy": 22.296551, "activity_lines": [ 6.427333, 6.178182, 6.303857, 6.665742 ] }, { "date": "2026-03-13", "close": 5.62, "volume": 5131405, "typical_volume": 3465683.9, "trend": 7.151333, "fair_value": 9.332096, "relative_strength": -33.800966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.781083, "energy": 24.083935, "activity_lines": [ 6.160667, 6.087273, 6.216571, 6.559269 ] }, { "date": "2026-03-20", "close": 4.355, "volume": 12229784, "typical_volume": 3972131.8, "trend": 6.9735, "fair_value": 9.257377, "relative_strength": -48.911577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.722217, "energy": 52.917295, "activity_lines": [ 5.519667, 5.786364, 6.018905, 6.37886 ] }, { "date": "2026-03-27", "close": 4.01, "volume": 10578611, "typical_volume": 4420556.8, "trend": 6.820167, "fair_value": 9.16725, "relative_strength": -52.980625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.874693, "energy": 82.555199, "activity_lines": [ 4.9, 5.460818, 5.804548, 6.187667 ] }, { "date": "2026-04-03", "close": 4.6, "volume": 6676901, "typical_volume": 4629534.75, "trend": 6.675167, "fair_value": 9.088114, "relative_strength": -47.576342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.752276, "energy": 78.381375, "activity_lines": [ 4.625, 5.270364, 5.661333, 6.04443 ] }, { "date": "2026-04-10", "close": 4.155, "volume": 15045528, "typical_volume": 5273359.45, "trend": 6.525, "fair_value": 9.021521, "relative_strength": -52.121005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.766394, "energy": 81.961874, "activity_lines": [ 4.369, 5.011727, 5.488405, 5.881839 ] }, { "date": "2026-04-17", "close": 2.0, "volume": 54903197, "typical_volume": 7685563.7, "trend": 6.291667, "fair_value": 8.943924, "relative_strength": -75.822164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.64608, "energy": 91.557418, "activity_lines": [ 3.519667, 4.378273, 5.123119, 5.589903 ] }, { "date": "2026-04-24", "close": 1.74, "volume": 10053183, "typical_volume": 7893608.6, "trend": 6.045, "fair_value": 8.871894, "relative_strength": -78.985741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.423667, "energy": 93.552806, "activity_lines": [ 2.825, 3.776273, 4.752357, 5.296247 ] }, { "date": "2026-05-01", "close": 1.718, "volume": 3919164, "typical_volume": 7848837.2, "trend": 5.830933, "fair_value": 8.798831, "relative_strength": -79.265587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.173934, "energy": 92.354003, "activity_lines": [ 2.297333, 3.255, 4.40069, 5.017086 ] }, { "date": "2026-05-08", "close": 1.836, "volume": 13541648, "typical_volume": 8447877.3, "trend": 5.6208, "fair_value": 8.717702, "relative_strength": -76.93246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.807297, "energy": 89.770887, "activity_lines": [ 1.9618, 2.837218, 4.086129, 4.759348 ] }, { "date": "2026-05-15", "close": 1.71, "volume": 3124419, "typical_volume": 8572370.0, "trend": 5.4158, "fair_value": 8.630158, "relative_strength": -78.684105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.986251, "energy": 88.364014, "activity_lines": [ 1.768533, 2.492418, 3.78249, 4.507039 ] }, { "date": "2026-05-22", "close": 1.596, "volume": 12975038, "typical_volume": 9187820.7, "trend": 5.211, "fair_value": 8.550765, "relative_strength": -80.059247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.724332, "energy": 82.055882, "activity_lines": [ 1.700267, 2.205436, 3.4919, 4.2606 ] }, { "date": "2026-05-29", "close": 0.655324, "volume": 17272615, "typical_volume": 9964683.2, "trend": 4.974511, "fair_value": 8.434674, "relative_strength": -91.438095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.364856, "energy": 82.242078, "activity_lines": [ 1.345375, 1.820586, 3.136121, 3.966685 ] }, { "date": "2026-06-05", "close": 0.61, "volume": 3969123, "typical_volume": 10001444.1, "trend": 4.756511, "fair_value": 8.304791, "relative_strength": -91.861754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.375051, "energy": 82.861878, "activity_lines": [ 1.047686, 1.494762, 2.80362, 3.685104 ] }, { "date": "2026-06-12", "close": 0.587, "volume": 4297076, "typical_volume": 10137559.95, "trend": 4.534077, "fair_value": 8.193174, "relative_strength": -91.963814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.285473, "energy": 83.63646, "activity_lines": [ 0.816198, 1.226574, 2.492404, 3.416103 ] }, { "date": "2026-06-19", "close": 0.587, "volume": 3602237, "typical_volume": 10245757.1, "trend": 4.324977, "fair_value": 8.085443, "relative_strength": -91.610229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.63603, "energy": 89.279414, "activity_lines": [ 0.667977, 1.03135, 2.203631, 3.161453 ] }, { "date": "2026-06-26", "close": 0.605, "volume": 3279346, "typical_volume": 10167943.6, "trend": 4.143477, "fair_value": 7.963011, "relative_strength": -90.904775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.169112, "energy": 87.15385, "activity_lines": [ 0.600622, 0.904272, 1.938015, 2.921455 ] }, { "date": "2026-07-03", "close": 0.496, "volume": 16463674, "typical_volume": 10789031.2, "trend": 3.953677, "fair_value": 7.833008, "relative_strength": -92.493551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.090318, "energy": 87.031949, "activity_lines": [ 0.563, 0.782739, 1.68928, 2.686134 ] }, { "date": "2026-07-10", "close": 0.4645, "volume": 51639535, "typical_volume": 13217179.05, "trend": 3.730827, "fair_value": 7.690585, "relative_strength": -92.697517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.035846, "energy": 86.491777, "activity_lines": [ 0.5255, 0.678096, 1.46566, 2.461025 ] }, { "date": "2026-07-17", "close": 0.4, "volume": 58313814, "typical_volume": 15809936.1, "trend": 3.522494, "fair_value": 7.548695, "relative_strength": -93.585089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.44773, "energy": 91.242232, "activity_lines": [ 0.4762, 0.584518, 1.263351, 2.246133 ] }, { "date": "2026-07-24", "close": 0.38, "volume": 28583813, "typical_volume": 16780005.55, "trend": 3.310827, "fair_value": 7.415536, "relative_strength": -93.860544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.804148, "energy": 90.666152, "activity_lines": [ 0.4327, 0.513412, 1.09109, 2.043392 ] }, { "date": "2026-07-31", "close": 0.397, "volume": 32886180, "typical_volume": 18167744.3, "trend": 3.100061, "fair_value": 7.272832, "relative_strength": -93.397681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.768172, "energy": 89.175266, "activity_lines": [ 0.408667, 0.469579, 0.947353, 1.855403 ] }, { "date": "2026-08-07", "close": 0.4, "volume": 74706922, "typical_volume": 21291601.2, "trend": 2.898394, "fair_value": 7.14426, "relative_strength": -93.133152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.550459, "energy": 88.750272, "activity_lines": [ 0.3995, 0.448091, 0.828773, 1.681205 ] } ], "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." } } }