{ "ticker": { "uuid": "d87ca837-f9e3-4691-bbac-b026657ace98", "symbol": "NL", "name": "NL Industries Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 35.459, "architecture_energy": 14.415, "architecture_maturity": 22.276, "architecture_confidence": 80.102, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 46.46, "rotation_up": 34.98, "upward_expansion": 49.57, "deceleration": 78.05, "rotation_down": 27.93, "downward_expansion": 26.9 }, "activity_lines": [ 6.046667, 6.030182, 6.092879, 6.049592 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 6.49, "trend_reference": 6.001334, "distance_from_trend": 0.081426, "trend_direction": "Improving", "fair_value": 5.702667, "distance_from_fair_value": 0.138064, "fair_value_direction": "Improving", "relative_strength": -1.300993, "relative_strength_direction": "Improving", "price_momentum": 0.083892, "excess_performance": -0.041733, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081426, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03157, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.138064, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.079836, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01301, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.095157, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.083892, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.779028, "read": "Supply-led" } ], "volume": { "latest": 215604, "relative_activity": 0.860887, "balance": 0.779028, "dry_up": 0.672997, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.130577, "annualized_volatility": 0.4898, "from_high_reference": -0.232896, "from_low_reference": 0.331182 }, "levels": { "trend_reference": 6.001334, "fair_value_reference": 5.702667, "structural_low": 5.272987, "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": 29, "median_return": 0.016373, "positive_rate": 0.551724, "directional_follow_through": 0.551724, "median_excess_return": -0.003687, "regime_survival": 0.586207, "best_return": 0.440141, "worst_return": -0.152348, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.015936, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": -0.02352, "regime_survival": 0.416667, "best_return": 0.447285, "worst_return": -0.211673, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.078788, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.004689, "regime_survival": 0.285714, "best_return": 0.486332, "worst_return": -0.213402, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.147725, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.044778, "regime_survival": 0.25, "best_return": 0.716097, "worst_return": -0.349217, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-05-24", "tenure": "Developing", "return": 0.158132, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-31", "end": "2024-07-05", "tenure": "Developing", "return": -0.197593, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-12", "end": "2024-07-26", "tenure": "New", "return": 0.006309, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-08-16", "tenure": "New", "return": 0.202055, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-13", "tenure": "New", "return": 0.038801, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-20", "end": "2024-10-18", "tenure": "Developing", "return": 0.157368, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-01-10", "tenure": "Developing", "return": -0.028986, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-06-20", "tenure": "Established", "return": -0.088572, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2026-01-09", "tenure": "Extended", "return": 0.091888, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": 0.028765, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-03-06", "tenure": "Developing", "return": -0.021002, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-05-08", "tenure": "Developing", "return": 0.003361, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-06-19", "tenure": "Developing", "return": -0.198553, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.107509, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.057129, "volume": 56243, "typical_volume": 102617.4, "trend": 4.685915, "fair_value": 4.729478, "relative_strength": -27.713962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.988739, "energy": 42.158481, "activity_lines": [ 4.223418, 4.281787, 4.359081, 4.473879 ] }, { "date": "2023-08-25", "close": 4.010938, "volume": 58082, "typical_volume": 101272.45, "trend": 4.639006, "fair_value": 4.739447, "relative_strength": -28.260686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.057158, "energy": 61.783549, "activity_lines": [ 4.136681, 4.225097, 4.316483, 4.430332 ] }, { "date": "2023-09-01", "close": 3.948203, "volume": 88263, "typical_volume": 101013.85, "trend": 4.586741, "fair_value": 4.749522, "relative_strength": -30.322958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.097643, "energy": 67.672434, "activity_lines": [ 4.050075, 4.16722, 4.271345, 4.385765 ] }, { "date": "2023-09-08", "close": 3.776542, "volume": 179922, "typical_volume": 106394.7, "trend": 4.531516, "fair_value": 4.757851, "relative_strength": -31.707799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.484038, "energy": 78.058426, "activity_lines": [ 3.940199, 4.083891, 4.214823, 4.333494 ] }, { "date": "2023-09-15", "close": 3.729726, "volume": 174018, "typical_volume": 111186.85, "trend": 4.476238, "fair_value": 4.761964, "relative_strength": -31.655654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.694671, "energy": 78.722081, "activity_lines": [ 3.845227, 4.000791, 4.159298, 4.281765 ] }, { "date": "2023-09-22", "close": 3.776542, "volume": 69201, "typical_volume": 107778.65, "trend": 4.424028, "fair_value": 4.76883, "relative_strength": -27.899215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.688691, "energy": 75.758857, "activity_lines": [ 3.802572, 3.938175, 4.113765, 4.236624 ] }, { "date": "2023-09-29", "close": 3.706317, "volume": 68944, "typical_volume": 107132.35, "trend": 4.362444, "fair_value": 4.774299, "relative_strength": -27.872304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.600168, "energy": 73.260103, "activity_lines": [ 3.755215, 3.873911, 4.065044, 4.19032 ] }, { "date": "2023-10-06", "close": 3.729726, "volume": 84759, "typical_volume": 106361.55, "trend": 4.3232, "fair_value": 4.777207, "relative_strength": -26.887079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.896452, "energy": 59.622146, "activity_lines": [ 3.735968, 3.82518, 4.021299, 4.149499 ] }, { "date": "2023-10-13", "close": 3.589276, "volume": 65415, "typical_volume": 107163.7, "trend": 4.286882, "fair_value": 4.778827, "relative_strength": -29.006482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.014769, "energy": 56.187864, "activity_lines": [ 3.68447, 3.764145, 3.966524, 4.102149 ] }, { "date": "2023-10-20", "close": 3.706317, "volume": 106238, "typical_volume": 107033.9, "trend": 4.25827, "fair_value": 4.782661, "relative_strength": -23.910083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.494167, "energy": 49.943673, "activity_lines": [ 3.68447, 3.736115, 3.926127, 4.064693 ] }, { "date": "2023-10-27", "close": 3.682909, "volume": 72822, "typical_volume": 103890.15, "trend": 4.227356, "fair_value": 4.788453, "relative_strength": -21.405288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.212729, "energy": 47.085102, "activity_lines": [ 3.678227, 3.714268, 3.887371, 4.027573 ] }, { "date": "2023-11-03", "close": 3.675106, "volume": 97458, "typical_volume": 102945.3, "trend": 4.192124, "fair_value": 4.793421, "relative_strength": -24.966519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.074469, "energy": 44.23176, "activity_lines": [ 3.675626, 3.697805, 3.85222, 3.991944 ] }, { "date": "2023-11-10", "close": 3.79995, "volume": 64578, "typical_volume": 99734.15, "trend": 4.152431, "fair_value": 4.797812, "relative_strength": -22.713976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.366315, "energy": 33.136701, "activity_lines": [ 3.716721, 3.710148, 3.833235, 3.966643 ] }, { "date": "2023-11-17", "close": 4.073048, "volume": 169002, "typical_volume": 102049.85, "trend": 4.124124, "fair_value": 4.805761, "relative_strength": -18.210988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.256205, "energy": 15.051589, "activity_lines": [ 3.844166, 3.77484, 3.842473, 3.961521 ] }, { "date": "2023-11-24", "close": 4.112061, "volume": 96556, "typical_volume": 101997.45, "trend": 4.098132, "fair_value": 4.810776, "relative_strength": -17.541317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.664714, "energy": 15.582004, "activity_lines": [ 3.952365, 3.841234, 3.856304, 3.960743 ] }, { "date": "2023-12-01", "close": 4.097096, "volume": 59934, "typical_volume": 100484.15, "trend": 4.084321, "fair_value": 4.814557, "relative_strength": -17.904046, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.263384, "energy": 20.12687, "activity_lines": [ 4.028525, 3.897956, 3.870025, 3.960676 ] }, { "date": "2023-12-08", "close": 4.160372, "volume": 116287, "typical_volume": 99458.6, "trend": 4.080227, "fair_value": 4.819612, "relative_strength": -16.225001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.597507, "energy": 31.243275, "activity_lines": [ 4.098165, 3.960355, 3.891158, 3.965583 ] }, { "date": "2023-12-15", "close": 4.073368, "volume": 452265, "typical_volume": 116780.05, "trend": 4.075261, "fair_value": 4.825021, "relative_strength": -19.178447, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.830123, "energy": 27.525465, "activity_lines": [ 4.106452, 3.998679, 3.904796, 3.96514 ] }, { "date": "2023-12-22", "close": 4.373927, "volume": 121048, "typical_volume": 119806.15, "trend": 4.078793, "fair_value": 4.833311, "relative_strength": -13.436993, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.290203, "energy": 48.455865, "activity_lines": [ 4.196698, 4.085402, 3.948889, 3.984409 ] }, { "date": "2023-12-29", "close": 4.437202, "volume": 59260, "typical_volume": 113014.75, "trend": 4.076065, "fair_value": 4.841009, "relative_strength": -11.809557, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.066516, "energy": 51.566278, "activity_lines": [ 4.287977, 4.169363, 3.998341, 4.007532 ] }, { "date": "2024-01-05", "close": 4.152462, "volume": 63314, "typical_volume": 113368.3, "trend": 4.061279, "fair_value": 4.846317, "relative_strength": -15.359364, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.830049, "energy": 35.091401, "activity_lines": [ 4.262667, 4.188264, 4.019929, 4.012461 ] }, { "date": "2024-01-12", "close": 4.152462, "volume": 70895, "typical_volume": 114008.95, "trend": 4.047264, "fair_value": 4.852363, "relative_strength": -16.029801, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.310664, "energy": 28.725891, "activity_lines": [ 4.233666, 4.198628, 4.041063, 4.018344 ] }, { "date": "2024-01-19", "close": 4.207828, "volume": 80693, "typical_volume": 113630.45, "trend": 4.045358, "fair_value": 4.858113, "relative_strength": -15.011827, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.194252, "energy": 22.039027, "activity_lines": [ 4.223647, 4.21038, 4.066797, 4.028703 ] }, { "date": "2024-01-26", "close": 4.247376, "volume": 121199, "typical_volume": 110694.3, "trend": 4.045028, "fair_value": 4.865765, "relative_strength": -14.31143, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.380313, "energy": 13.465306, "activity_lines": [ 4.217847, 4.221906, 4.09506, 4.041736 ] }, { "date": "2024-02-02", "close": 4.128734, "volume": 53532, "typical_volume": 104670.0, "trend": 4.03638, "fair_value": 4.871051, "relative_strength": -17.053929, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 37.087993, "energy": 19.495342, "activity_lines": [ 4.180936, 4.208691, 4.109782, 4.047136 ] }, { "date": "2024-02-09", "close": 4.168281, "volume": 46242, "typical_volume": 103522.05, "trend": 4.02905, "fair_value": 4.875159, "relative_strength": -16.574952, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.004402, "energy": 18.526694, "activity_lines": [ 4.177772, 4.202364, 4.12637, 4.055646 ] }, { "date": "2024-02-16", "close": 4.239466, "volume": 102968, "typical_volume": 105223.25, "trend": 4.026147, "fair_value": 4.880243, "relative_strength": -14.043147, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.145705, "energy": 20.417964, "activity_lines": [ 4.197282, 4.207684, 4.147872, 4.069221 ] }, { "date": "2024-02-23", "close": 4.128734, "volume": 80924, "typical_volume": 105031.5, "trend": 4.015189, "fair_value": 4.882361, "relative_strength": -16.762345, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.9898, "energy": 15.975597, "activity_lines": [ 4.174081, 4.191434, 4.15629, 4.07584 ] }, { "date": "2024-03-01", "close": 4.073368, "volume": 88181, "typical_volume": 106169.8, "trend": 4.009828, "fair_value": 4.880956, "relative_strength": -17.705625, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.704347, "energy": 13.127989, "activity_lines": [ 4.137698, 4.164111, 4.157535, 4.079593 ] }, { "date": "2024-03-08", "close": 4.555844, "volume": 153153, "typical_volume": 108515.55, "trend": 4.01901, "fair_value": 4.879996, "relative_strength": -7.01245, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.196483, "energy": 37.302905, "activity_lines": [ 4.27374, 4.229975, 4.202424, 4.11482 ] }, { "date": "2024-03-15", "close": 5.325846, "volume": 215898, "typical_volume": 115669.35, "trend": 4.061301, "fair_value": 4.883534, "relative_strength": 9.143606, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.184518, "energy": 80.367833, "activity_lines": [ 4.637976, 4.433682, 4.316602, 4.199132 ] }, { "date": "2024-03-22", "close": 5.64668, "volume": 191863, "typical_volume": 120389.6, "trend": 4.115826, "fair_value": 4.889567, "relative_strength": 13.389813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.937959, "energy": 95.431572, "activity_lines": [ 5.031986, 4.674389, 4.453512, 4.301415 ] }, { "date": "2024-03-29", "close": 5.879285, "volume": 64064, "typical_volume": 120363.9, "trend": 4.180195, "fair_value": 4.89547, "relative_strength": 17.684845, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.909434, "energy": 96.14926, "activity_lines": [ 5.409716, 4.93022, 4.603186, 4.415186 ] }, { "date": "2024-04-05", "close": 6.561057, "volume": 241975, "typical_volume": 124012.55, "trend": 4.273012, "fair_value": 4.906226, "relative_strength": 32.261488, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.910549, "energy": 97.745066, "activity_lines": [ 5.898, 5.279619, 4.80789, 4.56879 ] }, { "date": "2024-04-12", "close": 6.360536, "volume": 225935, "typical_volume": 130481.5, "trend": 4.360706, "fair_value": 4.910705, "relative_strength": 30.076116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.807471, "energy": 93.478246, "activity_lines": [ 6.153598, 5.550493, 4.981648, 4.703469 ] }, { "date": "2024-04-19", "close": 6.264286, "volume": 137768, "typical_volume": 134373.2, "trend": 4.443631, "fair_value": 4.917939, "relative_strength": 32.02499, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.085658, "energy": 88.16669, "activity_lines": [ 6.2568, 5.763288, 5.135533, 4.826281 ] }, { "date": "2024-04-26", "close": 6.264286, "volume": 192556, "typical_volume": 138186.65, "trend": 4.528896, "fair_value": 4.927011, "relative_strength": 28.520923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.092711, "energy": 67.882937, "activity_lines": [ 6.297439, 5.937975, 5.279098, 4.943743 ] }, { "date": "2024-05-03", "close": 6.609182, "volume": 197066, "typical_volume": 125426.7, "trend": 4.624878, "fair_value": 4.93825, "relative_strength": 34.29951, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.59238, "energy": 69.502104, "activity_lines": [ 6.411869, 6.138555, 5.445491, 5.077954 ] }, { "date": "2024-05-10", "close": 6.320432, "volume": 287359, "typical_volume": 133742.25, "trend": 4.715917, "fair_value": 4.945055, "relative_strength": 25.681168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.4806, "energy": 61.222608, "activity_lines": [ 6.38139, 6.241536, 5.572309, 5.187345 ] }, { "date": "2024-05-17", "close": 5.83116, "volume": 433853, "typical_volume": 152471.9, "trend": 4.786745, "fair_value": 4.950038, "relative_strength": 13.889399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.616386, "energy": 45.271387, "activity_lines": [ 6.203862, 6.214702, 5.643261, 5.259296 ] }, { "date": "2024-05-24", "close": 6.168035, "volume": 238428, "typical_volume": 161227.6, "trend": 4.869582, "fair_value": 4.95788, "relative_strength": 20.150899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.254685, "energy": 39.952758, "activity_lines": [ 6.173917, 6.225931, 5.739658, 5.348412 ] }, { "date": "2024-05-31", "close": 5.895326, "volume": 148943, "typical_volume": 165130.0, "trend": 4.94359, "fair_value": 4.963711, "relative_strength": 15.183301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.034808, "energy": 28.773997, "activity_lines": [ 6.059486, 6.172265, 5.800485, 5.414589 ] }, { "date": "2024-06-07", "close": 5.64668, "volume": 143212, "typical_volume": 168255.95, "trend": 5.005147, "fair_value": 4.965918, "relative_strength": 9.012301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.669238, "energy": 22.312693, "activity_lines": [ 5.886771, 6.068868, 5.829332, 5.459949 ] }, { "date": "2024-06-14", "close": 5.436368, "volume": 101498, "typical_volume": 167270.9, "trend": 5.050591, "fair_value": 4.967925, "relative_strength": 3.359287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.062935, "energy": 19.454096, "activity_lines": [ 5.708118, 5.931463, 5.831297, 5.48777 ] }, { "date": "2024-06-21", "close": 4.998213, "volume": 203887, "typical_volume": 174788.65, "trend": 5.08013, "fair_value": 4.968712, "relative_strength": -5.427651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.525027, "energy": 18.27718, "activity_lines": [ 5.442351, 5.734842, 5.785872, 5.484391 ] }, { "date": "2024-06-28", "close": 4.892732, "volume": 283334, "typical_volume": 186643.25, "trend": 5.106651, "fair_value": 4.972354, "relative_strength": -7.236529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.004365, "energy": 25.769661, "activity_lines": [ 5.196953, 5.543812, 5.72626, 5.472301 ] }, { "date": "2024-07-05", "close": 4.730452, "volume": 136247, "typical_volume": 188307.2, "trend": 5.125654, "fair_value": 4.973455, "relative_strength": -11.714778, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.665192, "energy": 44.516125, "activity_lines": [ 4.982483, 5.348214, 5.647744, 5.44803 ] }, { "date": "2024-07-12", "close": 5.144265, "volume": 203204, "typical_volume": 194421.2, "trend": 5.16135, "fair_value": 4.978754, "relative_strength": -4.772825, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.01777, "energy": 45.225301, "activity_lines": [ 4.983608, 5.255742, 5.6063, 5.449231 ] }, { "date": "2024-07-19", "close": 4.892732, "volume": 250885, "typical_volume": 202556.4, "trend": 5.178644, "fair_value": 4.982617, "relative_strength": -7.46845, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.233804, "energy": 49.096, "activity_lines": [ 4.934384, 5.144173, 5.536065, 5.4319 ] }, { "date": "2024-07-26", "close": 5.176721, "volume": 132579, "typical_volume": 201527.7, "trend": 5.203294, "fair_value": 4.989183, "relative_strength": -1.203641, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.315238, "energy": 24.916122, "activity_lines": [ 5.016064, 5.110195, 5.488974, 5.431776 ] }, { "date": "2024-08-02", "close": 4.738566, "volume": 200910, "typical_volume": 200778.3, "trend": 5.222831, "fair_value": 4.99091, "relative_strength": -7.474653, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.836166, "energy": 28.323563, "activity_lines": [ 4.939793, 5.008452, 5.397198, 5.401794 ] }, { "date": "2024-08-09", "close": 5.006327, "volume": 177761, "typical_volume": 200073.2, "trend": 5.251293, "fair_value": 4.995634, "relative_strength": -2.194942, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.409362, "energy": 23.363166, "activity_lines": [ 4.963053, 4.981383, 5.33372, 5.387826 ] }, { "date": "2024-08-16", "close": 5.696016, "volume": 273690, "typical_volume": 210554.5, "trend": 5.3009, "fair_value": 5.004425, "relative_strength": 6.817074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.325298, "energy": 6.23245, "activity_lines": [ 5.197817, 5.095876, 5.338976, 5.416518 ] }, { "date": "2024-08-23", "close": 5.6895, "volume": 184428, "typical_volume": 207677.15, "trend": 5.34897, "fair_value": 5.010924, "relative_strength": 5.02654, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.600758, "energy": 11.63772, "activity_lines": [ 5.393627, 5.208287, 5.344483, 5.441589 ] }, { "date": "2024-08-30", "close": 5.724087, "volume": 161316, "typical_volume": 204446.2, "trend": 5.402149, "fair_value": 5.018714, "relative_strength": 5.105742, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.706242, "energy": 21.347352, "activity_lines": [ 5.547847, 5.322384, 5.357435, 5.46579 ] }, { "date": "2024-09-06", "close": 5.542507, "volume": 162409, "typical_volume": 205678.25, "trend": 5.447956, "fair_value": 5.027656, "relative_strength": 5.813801, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.76906, "energy": 24.719576, "activity_lines": [ 5.605049, 5.390269, 5.356125, 5.474845 ] }, { "date": "2024-09-13", "close": 5.910256, "volume": 151403, "typical_volume": 203620.6, "trend": 5.503649, "fair_value": 5.038198, "relative_strength": 8.055759, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.24874, "energy": 30.763852, "activity_lines": [ 5.731239, 5.513204, 5.393275, 5.504671 ] }, { "date": "2024-09-20", "close": 6.120398, "volume": 153365, "typical_volume": 201435.55, "trend": 5.570038, "fair_value": 5.051245, "relative_strength": 9.923501, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.600846, "energy": 43.841952, "activity_lines": [ 5.867214, 5.652895, 5.452124, 5.544461 ] }, { "date": "2024-09-27", "close": 6.46188, "volume": 136060, "typical_volume": 193870.6, "trend": 5.649655, "fair_value": 5.06421, "relative_strength": 14.834743, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.306812, "energy": 55.242117, "activity_lines": [ 6.088724, 5.836925, 5.545824, 5.601999 ] }, { "date": "2024-10-04", "close": 6.435612, "volume": 86481, "typical_volume": 176502.0, "trend": 5.712314, "fair_value": 5.077185, "relative_strength": 13.527527, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.536662, "energy": 57.932933, "activity_lines": [ 6.249986, 5.98765, 5.636348, 5.652706 ] }, { "date": "2024-10-11", "close": 7.039772, "volume": 140933, "typical_volume": 171627.25, "trend": 5.769445, "fair_value": 5.095591, "relative_strength": 21.890769, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.111948, "energy": 72.575777, "activity_lines": [ 6.5652, 6.225333, 5.781532, 5.738349 ] }, { "date": "2024-10-18", "close": 7.083551, "volume": 139616, "typical_volume": 171160.9, "trend": 5.817341, "fair_value": 5.114768, "relative_strength": 20.851777, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.498954, "energy": 84.538211, "activity_lines": [ 6.795189, 6.429136, 5.926735, 5.82313 ] }, { "date": "2024-10-25", "close": 6.794605, "volume": 92388, "typical_volume": 168619.7, "trend": 5.847851, "fair_value": 5.132627, "relative_strength": 16.442503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.947224, "energy": 78.302606, "activity_lines": [ 6.850643, 6.542636, 6.038761, 5.886179 ] }, { "date": "2024-11-01", "close": 6.759582, "volume": 96311, "typical_volume": 168360.35, "trend": 5.854469, "fair_value": 5.147188, "relative_strength": 16.737142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.98029, "energy": 73.348619, "activity_lines": [ 6.849476, 6.629793, 6.141985, 5.945 ] }, { "date": "2024-11-08", "close": 7.188622, "volume": 151763, "typical_volume": 165754.15, "trend": 5.882072, "fair_value": 5.162407, "relative_strength": 17.780207, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.342028, "energy": 66.666433, "activity_lines": [ 6.971475, 6.775501, 6.279769, 6.031075 ] }, { "date": "2024-11-15", "close": 6.97848, "volume": 218239, "typical_volume": 162499.4, "trend": 5.905878, "fair_value": 5.178817, "relative_strength": 16.162075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.239562, "energy": 52.249078, "activity_lines": [ 6.973226, 6.856374, 6.387109, 6.101811 ] }, { "date": "2024-11-22", "close": 7.101063, "volume": 102953, "typical_volume": 160834.7, "trend": 5.933771, "fair_value": 5.196681, "relative_strength": 15.664484, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.920943, "energy": 51.52384, "activity_lines": [ 7.019925, 6.933427, 6.496192, 6.178919 ] }, { "date": "2024-11-29", "close": 7.031016, "volume": 91504, "typical_volume": 155249.7, "trend": 5.947832, "fair_value": 5.215071, "relative_strength": 12.634259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.30248, "energy": 47.792041, "activity_lines": [ 7.042107, 6.976092, 6.587315, 6.249709 ] }, { "date": "2024-12-06", "close": 7.119456, "volume": 143581, "typical_volume": 149884.5, "trend": 5.974466, "fair_value": 5.229259, "relative_strength": 12.531295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.959649, "energy": 45.541788, "activity_lines": [ 7.078008, 7.018281, 6.677876, 6.325298 ] }, { "date": "2024-12-13", "close": 7.322869, "volume": 318116, "typical_volume": 159161.35, "trend": 6.02419, "fair_value": 5.243761, "relative_strength": 15.718088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.558525, "energy": 45.178439, "activity_lines": [ 7.157722, 7.085498, 6.777206, 6.412292 ] }, { "date": "2024-12-20", "close": 7.03986, "volume": 173692, "typical_volume": 157800.45, "trend": 6.05325, "fair_value": 5.256988, "relative_strength": 12.799189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.459675, "energy": 37.17038, "activity_lines": [ 7.134149, 7.085126, 6.839363, 6.477819 ] }, { "date": "2024-12-27", "close": 7.057548, "volume": 113006, "typical_volume": 154562.7, "trend": 6.091991, "fair_value": 5.268934, "relative_strength": 11.858732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.436642, "energy": 33.676847, "activity_lines": [ 7.112381, 7.08797, 6.892247, 6.542612 ] }, { "date": "2025-01-03", "close": 6.845291, "volume": 99237, "typical_volume": 145840.05, "trend": 6.131945, "fair_value": 5.2797, "relative_strength": 8.548307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.797856, "energy": 24.420502, "activity_lines": [ 7.022761, 7.052693, 6.915147, 6.591212 ] }, { "date": "2025-01-10", "close": 6.597657, "volume": 108645, "typical_volume": 142050.9, "trend": 6.170655, "fair_value": 5.289688, "relative_strength": 6.199444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.924991, "energy": 15.823053, "activity_lines": [ 6.862979, 6.971471, 6.908991, 6.621258 ] }, { "date": "2025-01-17", "close": 6.535749, "volume": 109260, "typical_volume": 139448.1, "trend": 6.221906, "fair_value": 5.302339, "relative_strength": 1.809533, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.831261, "energy": 11.279715, "activity_lines": [ 6.717347, 6.881937, 6.892614, 6.644813 ] }, { "date": "2025-01-24", "close": 7.190208, "volume": 130331, "typical_volume": 137844.2, "trend": 6.298488, "fair_value": 5.319634, "relative_strength": 9.501932, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.931389, "energy": 13.582742, "activity_lines": [ 6.842342, 6.923266, 6.934702, 6.707284 ] }, { "date": "2025-01-31", "close": 6.809915, "volume": 264527, "typical_volume": 143500.4, "trend": 6.367804, "fair_value": 5.334447, "relative_strength": 4.239934, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.363555, "energy": 9.770929, "activity_lines": [ 6.830551, 6.891601, 6.932725, 6.740279 ] }, { "date": "2025-02-07", "close": 6.25274, "volume": 142110, "typical_volume": 142937.65, "trend": 6.404753, "fair_value": 5.346319, "relative_strength": -4.457436, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.770283, "energy": 6.379048, "activity_lines": [ 6.649543, 6.763926, 6.8734, 6.732856 ] }, { "date": "2025-02-14", "close": 6.3854, "volume": 102449, "typical_volume": 141257.1, "trend": 6.454508, "fair_value": 5.359715, "relative_strength": -4.176949, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.953266, "energy": 9.083174, "activity_lines": [ 6.552258, 6.67452, 6.826078, 6.731607 ] }, { "date": "2025-02-21", "close": 6.137767, "volume": 101465, "typical_volume": 142006.3, "trend": 6.486543, "fair_value": 5.37004, "relative_strength": -6.722344, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.926902, "energy": 30.847371, "activity_lines": [ 6.38658, 6.553437, 6.755537, 6.711172 ] }, { "date": "2025-02-28", "close": 6.075859, "volume": 111100, "typical_volume": 140514.65, "trend": 6.53112, "fair_value": 5.378033, "relative_strength": -7.123267, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.129986, "energy": 43.645823, "activity_lines": [ 6.226797, 6.442645, 6.680518, 6.684676 ] }, { "date": "2025-03-07", "close": 6.464997, "volume": 140079, "typical_volume": 140537.8, "trend": 6.579742, "fair_value": 5.38942, "relative_strength": 1.56672, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.027667, "energy": 33.551754, "activity_lines": [ 6.271017, 6.420133, 6.64715, 6.68041 ] }, { "date": "2025-03-14", "close": 7.007445, "volume": 205539, "typical_volume": 146195.35, "trend": 6.623456, "fair_value": 5.403421, "relative_strength": 12.281201, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.510201, "energy": 6.518431, "activity_lines": [ 6.519048, 6.507022, 6.668389, 6.708004 ] }, { "date": "2025-03-21", "close": 6.855109, "volume": 104599, "typical_volume": 146609.75, "trend": 6.66231, "fair_value": 5.415126, "relative_strength": 9.060701, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.224073, "energy": 5.197262, "activity_lines": [ 6.665987, 6.563265, 6.674107, 6.722949 ] }, { "date": "2025-03-28", "close": 6.926796, "volume": 99661, "typical_volume": 144004.65, "trend": 6.7024, "fair_value": 5.428655, "relative_strength": 11.642584, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.634434, "energy": 14.078865, "activity_lines": [ 6.805507, 6.62786, 6.686196, 6.740013 ] }, { "date": "2025-04-04", "close": 6.505633, "volume": 130483, "typical_volume": 139616.85, "trend": 6.734505, "fair_value": 5.438348, "relative_strength": 15.297507, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.874937, "energy": 11.832835, "activity_lines": [ 6.752038, 6.608771, 6.659422, 6.727318 ] }, { "date": "2025-04-11", "close": 7.114976, "volume": 146802, "typical_volume": 141809.3, "trend": 6.774662, "fair_value": 5.451901, "relative_strength": 19.181244, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.298677, "energy": 14.016597, "activity_lines": [ 6.873031, 6.712919, 6.692932, 6.751865 ] }, { "date": "2025-04-18", "close": 6.917835, "volume": 156576, "typical_volume": 145062.9, "trend": 6.801243, "fair_value": 5.464827, "relative_strength": 17.469909, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.118835, "energy": 11.331598, "activity_lines": [ 6.884979, 6.775675, 6.707601, 6.761102 ] }, { "date": "2025-04-25", "close": 7.527178, "volume": 127011, "typical_volume": 144234.4, "trend": 6.836753, "fair_value": 5.481795, "relative_strength": 21.943498, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.138819, "energy": 28.64365, "activity_lines": [ 7.106015, 6.937129, 6.780841, 6.807936 ] }, { "date": "2025-05-02", "close": 7.966264, "volume": 104924, "typical_volume": 133574.8, "trend": 6.887775, "fair_value": 5.500305, "relative_strength": 25.178917, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 45.355409, "energy": 53.026637, "activity_lines": [ 7.428608, 7.157657, 6.893958, 6.880808 ] }, { "date": "2025-05-09", "close": 7.231468, "volume": 110670, "typical_volume": 130423.7, "trend": 6.894165, "fair_value": 5.510286, "relative_strength": 14.017381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.424212, "energy": 52.942335, "activity_lines": [ 7.436972, 7.211341, 6.93403, 6.902982 ] }, { "date": "2025-05-16", "close": 7.052249, "volume": 240581, "typical_volume": 136802.45, "trend": 6.893121, "fair_value": 5.52039, "relative_strength": 5.474958, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.382359, "energy": 44.739193, "activity_lines": [ 7.337207, 7.211428, 6.956121, 6.913181 ] }, { "date": "2025-05-23", "close": 6.935757, "volume": 111039, "typical_volume": 137392.55, "trend": 6.897826, "fair_value": 5.524156, "relative_strength": 6.403188, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.871269, "energy": 25.434376, "activity_lines": [ 7.202793, 7.179657, 6.967143, 6.915932 ] }, { "date": "2025-05-30", "close": 6.532515, "volume": 112093, "typical_volume": 137564.95, "trend": 6.890257, "fair_value": 5.525063, "relative_strength": -1.491102, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.048885, "energy": 12.858794, "activity_lines": [ 6.93277, 7.075873, 6.93933, 6.892363 ] }, { "date": "2025-06-06", "close": 6.281609, "volume": 153904, "typical_volume": 139797.15, "trend": 6.860024, "fair_value": 5.524041, "relative_strength": -6.780522, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.529378, "energy": 19.889793, "activity_lines": [ 6.645423, 6.932336, 6.887932, 6.853095 ] }, { "date": "2025-06-13", "close": 6.147555, "volume": 219856, "typical_volume": 144273.4, "trend": 6.832326, "fair_value": 5.522252, "relative_strength": -8.467049, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.454364, "energy": 37.703314, "activity_lines": [ 6.425701, 6.776155, 6.824976, 6.80713 ] }, { "date": "2025-06-20", "close": 5.956862, "volume": 198830, "typical_volume": 140988.55, "trend": 6.794186, "fair_value": 5.516858, "relative_strength": -11.274095, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.707842, "energy": 58.423092, "activity_lines": [ 6.214676, 6.591813, 6.748825, 6.750648 ] }, { "date": "2025-06-27", "close": 5.811573, "volume": 732440, "typical_volume": 170505.05, "trend": 6.753538, "fair_value": 5.512044, "relative_strength": -16.39193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.977159, "energy": 64.213225, "activity_lines": [ 6.028247, 6.402112, 6.662898, 6.687254 ] }, { "date": "2025-07-04", "close": 6.011346, "volume": 243773, "typical_volume": 177571.25, "trend": 6.716601, "fair_value": 5.509061, "relative_strength": -15.101597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.445248, "energy": 59.17689, "activity_lines": [ 5.983355, 6.268847, 6.598099, 6.63937 ] }, { "date": "2025-07-11", "close": 5.884218, "volume": 194742, "typical_volume": 182235.1, "trend": 6.668646, "fair_value": 5.504392, "relative_strength": -16.68694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.373076, "energy": 56.955181, "activity_lines": [ 5.930831, 6.140029, 6.522973, 6.585668 ] }, { "date": "2025-07-18", "close": 5.866056, "volume": 151737, "typical_volume": 184266.95, "trend": 6.629519, "fair_value": 5.499652, "relative_strength": -17.513569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.170435, "energy": 48.597161, "activity_lines": [ 5.898747, 6.045763, 6.447324, 6.533888 ] }, { "date": "2025-07-25", "close": 5.911459, "volume": 179567, "typical_volume": 186241.35, "trend": 6.591316, "fair_value": 5.494792, "relative_strength": -18.068883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.567589, "energy": 38.699017, "activity_lines": [ 5.900563, 5.984579, 6.376999, 6.487562 ] }, { "date": "2025-08-01", "close": 5.13961, "volume": 251580, "typical_volume": 188543.4, "trend": 6.53446, "fair_value": 5.48952, "relative_strength": -26.913013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.004211, "energy": 55.77891, "activity_lines": [ 5.648122, 5.8038, 6.235801, 6.393903 ] }, { "date": "2025-08-08", "close": 5.530075, "volume": 175248, "typical_volume": 192075.85, "trend": 6.498874, "fair_value": 5.483039, "relative_strength": -23.159997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.718795, "energy": 53.997265, "activity_lines": [ 5.570635, 5.726672, 6.140684, 6.329104 ] }, { "date": "2025-08-15", "close": 5.820654, "volume": 163382, "typical_volume": 195261.9, "trend": 6.475038, "fair_value": 5.473151, "relative_strength": -19.723751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.364491, "energy": 48.949626, "activity_lines": [ 5.622092, 5.720602, 6.079551, 6.285348 ] }, { "date": "2025-08-22", "close": 6.326285, "volume": 121307, "typical_volume": 194803.1, "trend": 6.44624, "fair_value": 5.470394, "relative_strength": -12.937208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.940237, "energy": 28.299488, "activity_lines": [ 5.84633, 5.814847, 6.07184, 6.275751 ] }, { "date": "2025-08-29", "close": 6.138561, "volume": 90308, "typical_volume": 191978.4, "trend": 6.423862, "fair_value": 5.468959, "relative_strength": -15.376124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.851995, "energy": 17.864256, "activity_lines": [ 5.977311, 5.87171, 6.047105, 6.255901 ] }, { "date": "2025-09-05", "close": 6.063472, "volume": 81102, "typical_volume": 188204.7, "trend": 6.417553, "fair_value": 5.466564, "relative_strength": -16.549069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.511857, "energy": 20.323772, "activity_lines": [ 6.068123, 5.911617, 6.019869, 6.23265 ] }, { "date": "2025-09-12", "close": 5.739833, "volume": 153175, "typical_volume": 189512.9, "trend": 6.396034, "fair_value": 5.46415, "relative_strength": -21.969234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.278973, "energy": 21.096823, "activity_lines": [ 5.989464, 5.8881, 5.965878, 6.188926 ] }, { "date": "2025-09-19", "close": 5.587532, "volume": 202928, "typical_volume": 194413.1, "trend": 6.377693, "fair_value": 5.462768, "relative_strength": -24.646013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.103675, "energy": 23.659486, "activity_lines": [ 5.846054, 5.841829, 5.905893, 6.136765 ] }, { "date": "2025-09-26", "close": 5.815983, "volume": 153060, "typical_volume": 196532.6, "trend": 6.36903, "fair_value": 5.46309, "relative_strength": -20.980969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.328861, "energy": 28.585039, "activity_lines": [ 5.794336, 5.842489, 5.878993, 6.100525 ] }, { "date": "2025-10-03", "close": 5.84454, "volume": 76619, "typical_volume": 188334.5, "trend": 6.348348, "fair_value": 5.463499, "relative_strength": -21.110495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.265427, "energy": 33.33647, "activity_lines": [ 5.786158, 5.849252, 5.861553, 6.066687 ] }, { "date": "2025-10-10", "close": 5.568495, "volume": 131006, "typical_volume": 189332.85, "trend": 6.300383, "fair_value": 5.461709, "relative_strength": -22.465816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.998724, "energy": 40.916199, "activity_lines": [ 5.705565, 5.807041, 5.823574, 6.016374 ] }, { "date": "2025-10-17", "close": 5.482825, "volume": 232013, "typical_volume": 195328.85, "trend": 6.25464, "fair_value": 5.457409, "relative_strength": -24.435098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.276763, "energy": 43.59178, "activity_lines": [ 5.629415, 5.741456, 5.783947, 5.963629 ] }, { "date": "2025-10-24", "close": 5.863577, "volume": 192949, "typical_volume": 197281.1, "trend": 6.2192, "fair_value": 5.453254, "relative_strength": -20.270189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.095586, "energy": 27.779715, "activity_lines": [ 5.697316, 5.745957, 5.78558, 5.938399 ] }, { "date": "2025-10-31", "close": 5.75887, "volume": 184635, "typical_volume": 195520.05, "trend": 6.194308, "fair_value": 5.452493, "relative_strength": -21.75602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.797592, "energy": 27.307366, "activity_lines": [ 5.711911, 5.730641, 5.779232, 5.9087 ] }, { "date": "2025-11-07", "close": 5.616089, "volume": 141306, "typical_volume": 192643.85, "trend": 6.144345, "fair_value": 5.452585, "relative_strength": -21.906935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.379123, "energy": 27.524995, "activity_lines": [ 5.68272, 5.699681, 5.761136, 5.871395 ] }, { "date": "2025-11-14", "close": 5.216299, "volume": 108219, "typical_volume": 161432.8, "trend": 6.087627, "fair_value": 5.448919, "relative_strength": -27.007264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.88363, "energy": 37.885627, "activity_lines": [ 5.535496, 5.605531, 5.706588, 5.811522 ] }, { "date": "2025-11-21", "close": 5.3686, "volume": 159251, "typical_volume": 157206.7, "trend": 6.015674, "fair_value": 5.447951, "relative_strength": -22.858463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.749818, "energy": 49.908282, "activity_lines": [ 5.462519, 5.554476, 5.66938, 5.765133 ] }, { "date": "2025-11-28", "close": 5.465331, "volume": 100929, "typical_volume": 152516.05, "trend": 5.93231, "fair_value": 5.449074, "relative_strength": -23.738354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.562871, "energy": 50.503448, "activity_lines": [ 5.4294, 5.527758, 5.644445, 5.729627 ] }, { "date": "2025-12-05", "close": 5.262195, "volume": 105343, "typical_volume": 150196.35, "trend": 5.866668, "fair_value": 5.450151, "relative_strength": -26.25375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.389265, "energy": 56.607005, "activity_lines": [ 5.355119, 5.466328, 5.602158, 5.686393 ] }, { "date": "2025-12-12", "close": 5.436312, "volume": 141302, "typical_volume": 148283.1, "trend": 5.812803, "fair_value": 5.451862, "relative_strength": -22.761741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.162339, "energy": 36.135987, "activity_lines": [ 5.371989, 5.446624, 5.579329, 5.658629 ] }, { "date": "2025-12-19", "close": 5.426639, "volume": 161212, "typical_volume": 143764.7, "trend": 5.762499, "fair_value": 5.455442, "relative_strength": -22.404928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.628396, "energy": 30.122917, "activity_lines": [ 5.397619, 5.432584, 5.557842, 5.633715 ] }, { "date": "2025-12-26", "close": 5.281542, "volume": 80139, "typical_volume": 139009.25, "trend": 5.7208, "fair_value": 5.456402, "relative_strength": -24.93203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.591511, "energy": 32.483355, "activity_lines": [ 5.360862, 5.394742, 5.521169, 5.602685 ] }, { "date": "2026-01-02", "close": 5.281542, "volume": 212925, "typical_volume": 141486.4, "trend": 5.687464, "fair_value": 5.45567, "relative_strength": -23.575221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.782954, "energy": 29.707254, "activity_lines": [ 5.329908, 5.360559, 5.485679, 5.574346 ] }, { "date": "2026-01-09", "close": 6.345588, "volume": 632947, "typical_volume": 167068.4, "trend": 5.694065, "fair_value": 5.459973, "relative_strength": -9.213656, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.98671, "energy": 8.080054, "activity_lines": [ 5.665888, 5.530422, 5.554094, 5.616806 ] }, { "date": "2026-01-16", "close": 5.716833, "volume": 478747, "typical_volume": 186490.35, "trend": 5.686064, "fair_value": 5.460341, "relative_strength": -17.483099, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.502388, "energy": 9.916289, "activity_lines": [ 5.720058, 5.575299, 5.562537, 5.618275 ] }, { "date": "2026-01-23", "close": 6.016701, "volume": 109317, "typical_volume": 187901.1, "trend": 5.692902, "fair_value": 5.464178, "relative_strength": -12.303864, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.921492, "energy": 21.299862, "activity_lines": [ 5.855482, 5.672864, 5.601546, 5.639606 ] }, { "date": "2026-01-30", "close": 5.881277, "volume": 241357, "typical_volume": 192310.2, "trend": 5.688566, "fair_value": 5.466518, "relative_strength": -14.12799, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.479719, "energy": 23.170521, "activity_lines": [ 5.906427, 5.731255, 5.62788, 5.651759 ] }, { "date": "2026-02-06", "close": 5.987682, "volume": 460826, "typical_volume": 205205.1, "trend": 5.692015, "fair_value": 5.470072, "relative_strength": -12.085815, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.08347, "energy": 29.311326, "activity_lines": [ 5.952858, 5.799671, 5.663675, 5.671057 ] }, { "date": "2026-02-13", "close": 6.094086, "volume": 162256, "typical_volume": 205664.9, "trend": 5.699616, "fair_value": 5.474598, "relative_strength": -9.065612, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.857578, "energy": 35.317612, "activity_lines": [ 5.987682, 5.877935, 5.707698, 5.696997 ] }, { "date": "2026-02-20", "close": 6.045721, "volume": 222318, "typical_volume": 212949.85, "trend": 5.704092, "fair_value": 5.479104, "relative_strength": -10.515421, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 54.075619, "energy": 37.469306, "activity_lines": [ 6.02315, 5.932281, 5.74579, 5.719326 ] }, { "date": "2026-02-27", "close": 5.978009, "volume": 330574, "typical_volume": 222928.25, "trend": 5.732038, "fair_value": 5.481823, "relative_strength": -10.788416, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 51.946569, "energy": 30.251539, "activity_lines": [ 6.014122, 5.963235, 5.776476, 5.736998 ] }, { "date": "2026-03-06", "close": 5.861931, "volume": 227455, "typical_volume": 222700.35, "trend": 5.7431, "fair_value": 5.487944, "relative_strength": -10.283897, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 48.399139, "energy": 25.581224, "activity_lines": [ 5.968981, 5.963059, 5.794156, 5.745379 ] }, { "date": "2026-03-13", "close": 5.853409, "volume": 415781, "typical_volume": 233841.95, "trend": 5.744192, "fair_value": 5.495473, "relative_strength": -8.367934, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.842424, "energy": 18.188179, "activity_lines": [ 5.922288, 5.950781, 5.80922, 5.752495 ] }, { "date": "2026-03-20", "close": 5.43039, "volume": 245308, "typical_volume": 236875.6, "trend": 5.714329, "fair_value": 5.501023, "relative_strength": -12.751334, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.727806, "energy": 11.310558, "activity_lines": [ 5.743541, 5.851193, 5.784044, 5.73225 ] }, { "date": "2026-03-27", "close": 5.676331, "volume": 220482, "typical_volume": 240834.4, "trend": 5.698921, "fair_value": 5.507856, "relative_strength": -6.028582, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.101058, "energy": 9.115915, "activity_lines": [ 5.691021, 5.812962, 5.783856, 5.729799 ] }, { "date": "2026-04-03", "close": 5.666494, "volume": 89538, "typical_volume": 239900.35, "trend": 5.685689, "fair_value": 5.513846, "relative_strength": -8.491442, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.03346, "energy": 10.945366, "activity_lines": [ 5.659848, 5.773678, 5.782444, 5.727706 ] }, { "date": "2026-04-10", "close": 5.715682, "volume": 158543, "typical_volume": 239864.95, "trend": 5.684883, "fair_value": 5.518493, "relative_strength": -9.978289, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.876819, "energy": 12.059081, "activity_lines": [ 5.665838, 5.749706, 5.783572, 5.729642 ] }, { "date": "2026-04-17", "close": 5.755032, "volume": 105315, "typical_volume": 240084.25, "trend": 5.690467, "fair_value": 5.523831, "relative_strength": -12.338512, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.237004, "energy": 8.781942, "activity_lines": [ 5.694695, 5.735898, 5.786796, 5.734167 ] }, { "date": "2026-04-24", "close": 5.873084, "volume": 138206, "typical_volume": 241727.4, "trend": 5.69237, "fair_value": 5.530121, "relative_strength": -9.967622, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.589832, "energy": 12.281955, "activity_lines": [ 5.769461, 5.747784, 5.799883, 5.745949 ] }, { "date": "2026-05-01", "close": 6.010812, "volume": 115069, "typical_volume": 240415.75, "trend": 5.697913, "fair_value": 5.539733, "relative_strength": -7.571121, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.755448, "energy": 22.41789, "activity_lines": [ 5.860623, 5.788731, 5.823178, 5.766494 ] }, { "date": "2026-05-08", "close": 5.873084, "volume": 186718, "typical_volume": 241691.05, "trend": 5.708066, "fair_value": 5.549924, "relative_strength": -10.816664, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.714099, "energy": 22.649962, "activity_lines": [ 5.883578, 5.80527, 5.83062, 5.777795 ] }, { "date": "2026-05-15", "close": 7.486461, "volume": 646791, "typical_volume": 270023.65, "trend": 5.774853, "fair_value": 5.570848, "relative_strength": 13.904614, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.631639, "energy": 72.00046, "activity_lines": [ 6.430552, 6.117058, 5.989592, 5.89253 ] }, { "date": "2026-05-22", "close": 6.935552, "volume": 314930, "typical_volume": 275123.9, "trend": 5.810586, "fair_value": 5.587948, "relative_strength": 5.247228, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.536517, "energy": 72.941922, "activity_lines": [ 6.675838, 6.299145, 6.085596, 5.967414 ] }, { "date": "2026-05-29", "close": 5.971461, "volume": 811187, "typical_volume": 284035.9, "trend": 5.817672, "fair_value": 5.597258, "relative_strength": -10.032037, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.42471, "energy": 55.008804, "activity_lines": [ 6.521058, 6.286266, 6.081906, 5.977793 ] }, { "date": "2026-06-05", "close": 6.02, "volume": 472740, "typical_volume": 283735.55, "trend": 5.831136, "fair_value": 5.606386, "relative_strength": -6.472144, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.979875, "energy": 44.230699, "activity_lines": [ 6.3759, 6.272375, 6.08462, 5.990846 ] }, { "date": "2026-06-12", "close": 6.05, "volume": 182812, "typical_volume": 287410.3, "trend": 5.858926, "fair_value": 5.615855, "relative_strength": -6.070675, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.725148, "energy": 16.334512, "activity_lines": [ 6.24013, 6.257691, 6.088748, 6.004967 ] }, { "date": "2026-06-19", "close": 6.0, "volume": 192007, "typical_volume": 284942.8, "trend": 5.879973, "fair_value": 5.626977, "relative_strength": -7.274659, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.975437, "energy": 17.850395, "activity_lines": [ 6.075898, 6.226942, 6.087955, 6.014068 ] }, { "date": "2026-06-26", "close": 5.86, "volume": 314436, "typical_volume": 277623.3, "trend": 5.893128, "fair_value": 5.63725, "relative_strength": -6.919806, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.32325, "energy": 15.358392, "activity_lines": [ 5.964097, 6.16557, 6.073263, 6.01278 ] }, { "date": "2026-07-03", "close": 6.28, "volume": 231450, "typical_volume": 281083.0, "trend": 5.927055, "fair_value": 5.649378, "relative_strength": -2.082698, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.181059, "energy": 14.571608, "activity_lines": [ 6.064, 6.178652, 6.09918, 6.037739 ] }, { "date": "2026-07-10", "close": 6.06, "volume": 154465, "typical_volume": 277690.35, "trend": 5.947845, "fair_value": 5.660094, "relative_strength": -6.469775, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.352844, "energy": 12.252943, "activity_lines": [ 6.07, 6.144336, 6.103258, 6.046316 ] }, { "date": "2026-07-17", "close": 5.9, "volume": 120331, "typical_volume": 267178.2, "trend": 5.963623, "fair_value": 5.670181, "relative_strength": -7.196174, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.380835, "energy": 6.114103, "activity_lines": [ 6.02, 6.080035, 6.092031, 6.043229 ] }, { "date": "2026-07-24", "close": 5.81, "volume": 215999, "typical_volume": 266605.4, "trend": 5.981239, "fair_value": 5.678851, "relative_strength": -7.757659, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.881723, "energy": 6.754871, "activity_lines": [ 5.95, 5.998881, 6.072604, 6.033318 ] }, { "date": "2026-07-31", "close": 5.74, "volume": 122259, "typical_volume": 251929.3, "trend": 5.996521, "fair_value": 5.688503, "relative_strength": -9.719785, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.221093, "energy": 13.14545, "activity_lines": [ 5.869333, 5.935481, 6.046757, 6.017754 ] }, { "date": "2026-08-07", "close": 6.49, "volume": 215604, "typical_volume": 250444.1, "trend": 6.001334, "fair_value": 5.702667, "relative_strength": -1.300993, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.45932, "energy": 14.415062, "activity_lines": [ 6.046667, 6.030182, 6.092879, 6.049592 ] } ], "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." } } }