{ "ticker": { "uuid": "dc4ec96e-0a88-4886-b48d-fbbce8fe9429", "symbol": "JETD", "name": "BANK OF MONTREAL MAX AIRLINES -3X INVERSE LEVERAGED ETNS", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "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": 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": -68.803, "architecture_energy": 53.914, "architecture_maturity": 62.838, "architecture_confidence": 93.062, "architecture_tenure": "Developing", "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": 18.13, "rotation_up": 28.58, "upward_expansion": 13.82, "deceleration": 53.46, "rotation_down": 47.38, "downward_expansion": 75.82 }, "activity_lines": [ 2.375333, 2.399418, 2.827848, 3.210326 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 2.198, "trend_reference": 3.580227, "distance_from_trend": -0.386072, "trend_direction": "Weakening", "fair_value": 14.937347, "distance_from_fair_value": -0.852852, "fair_value_direction": "Weakening", "relative_strength": -59.430417, "relative_strength_direction": "Weakening", "price_momentum": -0.322128, "excess_performance": -0.447753, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.386072, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.217146, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.852852, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.083907, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.594304, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.119828, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.322128, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.617972, "read": "Supply-led" } ], "volume": { "latest": 427597, "relative_activity": 0.534129, "balance": 0.617972, "dry_up": 0.698922, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.22244, "annualized_volatility": 0.855853, "from_high_reference": -0.738021, "from_low_reference": 0.13886 }, "levels": { "trend_reference": 3.580227, "fair_value_reference": 14.937347, "structural_low": 1.93, "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": 16, "median_return": -0.085789, "positive_rate": 0.4375, "directional_follow_through": 0.5625, "median_excess_return": -0.097907, "regime_survival": 0.875, "best_return": 0.384734, "worst_return": -0.35241, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.183547, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.262804, "regime_survival": 0.8, "best_return": 0.358279, "worst_return": -0.590494, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.487293, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.5789, "regime_survival": 1.0, "best_return": -0.22543, "worst_return": -0.517241, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.602872, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.776622, "regime_survival": 1.0, "best_return": -0.602872, "worst_return": -0.602872, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-03-14", "tenure": "Developing", "return": 0.343259, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-21", "end": "2025-04-18", "tenure": "Developing", "return": 0.123374, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": -0.293606, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": 0.061093, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2026-04-03", "tenure": "Extended", "return": -0.464088, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-29", "tenure": "Developing", "return": -0.290557, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.337952, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 26.5651, "volume": 60826, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 27.395, "volume": 2439, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 26.559, "volume": 2491, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 30.0554, "volume": 2174, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 31.0219, "volume": 1822, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 34.6961, "volume": 1164, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 35.4621, "volume": 3908, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 36.4781, "volume": 3789, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 39.3022, "volume": 4199, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 42.9602, "volume": 6492, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 46.4291, "volume": 8583, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 38.0771, "volume": 6997, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 38.0949, "volume": 1580, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 33.3636, "volume": 1037, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 32.2789, "volume": 1164, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 28.8906, "volume": 1483, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 26.8572, "volume": 2746, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 24.0319, "volume": 1311, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 24.4972, "volume": 2534, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 24.9416, "volume": 5952, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 25.6908, "volume": 3880, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 27.6124, "volume": 6113, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 28.4442, "volume": 7138, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 25.4986, "volume": 3072, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 26.4482, "volume": 4831, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 25.3027, "volume": 3554, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 24.6184, "volume": 1427, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 23.4368, "volume": 326, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 23.2672, "volume": 916, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 23.3132, "volume": 1502, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 24.4561, "volume": 3593, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 21.4286, "volume": 15470, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 20.2118, "volume": 1137, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 21.9839, "volume": 2327, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 23.6557, "volume": 3055, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 21.9802, "volume": 2305, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 21.785, "volume": 3169, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 21.2026, "volume": 1853, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 20.0294, "volume": 1882, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 19.6912, "volume": 3157, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 20.8268, "volume": 2832, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 21.1171, "volume": 4609, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 21.1487, "volume": 7260, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 22.5408, "volume": 12438, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 21.4984, "volume": 7623, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 20.9323, "volume": 10273, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 21.8491, "volume": 10173, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 22.1126, "volume": 14547, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 21.2959, "volume": 11942, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 21.2637, "volume": 2579, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 24.9234, "volume": 5339, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 24.6578, "volume": 6462, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 23.1928, "volume": 1125, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 21.8972, "volume": 1396, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 20.6735, "volume": 9747, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 22.1171, "volume": 3149, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 20.1479, "volume": 5746, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 19.8542, "volume": 5241, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 17.6184, "volume": 4577, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 17.6306, "volume": 3086, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 16.7841, "volume": 6599, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 14.2818, "volume": 75637, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 15.2652, "volume": 30750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 15.0238, "volume": 17469, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 13.3159, "volume": 38793, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 13.0766, "volume": 36446, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 12.7479, "volume": 11664, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 12.223, "volume": 36103, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 12.2574, "volume": 22603, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 12.3589, "volume": 35444, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 12.1388, "volume": 32346, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 11.6839, "volume": 7439, "typical_volume": 19268.0, "trend": 18.217057, "fair_value": 23.611786, "relative_strength": -49.048095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.967767, "energy": 69.240608, "activity_lines": [ 12.052613, 12.46192, 14.199566, 16.067192 ] }, { "date": "2025-01-03", "close": 12.4545, "volume": 15174, "typical_volume": 19970.45, "trend": 17.92725, "fair_value": 23.474042, "relative_strength": -44.448634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.77954, "energy": 64.688806, "activity_lines": [ 12.15998, 12.361076, 13.841476, 15.695414 ] }, { "date": "2025-01-10", "close": 11.5576, "volume": 5906, "typical_volume": 20195.95, "trend": 17.561143, "fair_value": 23.32872, "relative_strength": -46.376094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.176535, "energy": 66.727082, "activity_lines": [ 11.952947, 12.148264, 13.449101, 15.284469 ] }, { "date": "2025-01-17", "close": 11.0111, "volume": 24006, "typical_volume": 20908.9, "trend": 17.211567, "fair_value": 23.180314, "relative_strength": -49.288244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.243474, "energy": 69.371368, "activity_lines": [ 11.6104, 11.899109, 13.053915, 14.861885 ] }, { "date": "2025-01-24", "close": 10.5856, "volume": 46632, "typical_volume": 23083.05, "trend": 16.866677, "fair_value": 23.030377, "relative_strength": -51.161528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.015975, "energy": 69.831122, "activity_lines": [ 11.215873, 11.614496, 12.664216, 14.434404 ] }, { "date": "2025-01-31", "close": 11.0378, "volume": 30883, "typical_volume": 24339.9, "trend": 16.5063, "fair_value": 22.889288, "relative_strength": -47.54047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.770114, "energy": 65.767553, "activity_lines": [ 11.075627, 11.457393, 12.372496, 14.058347 ] }, { "date": "2025-02-07", "close": 11.1422, "volume": 15226, "typical_volume": 24839.15, "trend": 16.14062, "fair_value": 22.752694, "relative_strength": -45.983577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.685736, "energy": 65.178856, "activity_lines": [ 11.013253, 11.350364, 12.1341, 13.712276 ] }, { "date": "2025-02-14", "close": 11.6119, "volume": 35880, "typical_volume": 26404.3, "trend": 15.81782, "fair_value": 22.624639, "relative_strength": -43.555033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.086409, "energy": 61.75112, "activity_lines": [ 11.194933, 11.348385, 11.981924, 13.420101 ] }, { "date": "2025-02-21", "close": 12.6236, "volume": 36749, "typical_volume": 28087.45, "trend": 15.529817, "fair_value": 22.510991, "relative_strength": -36.711945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.559217, "energy": 41.068324, "activity_lines": [ 11.710227, 11.542089, 11.954702, 13.214022 ] }, { "date": "2025-02-28", "close": 12.162, "volume": 130723, "typical_volume": 34293.65, "trend": 15.104437, "fair_value": 22.39471, "relative_strength": -37.514106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.310112, "energy": 28.350836, "activity_lines": [ 11.964153, 11.647053, 11.907361, 12.996743 ] }, { "date": "2025-03-07", "close": 14.08, "volume": 107321, "typical_volume": 35877.85, "trend": 14.751843, "fair_value": 22.302324, "relative_strength": -24.403387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.101173, "energy": 17.935466, "activity_lines": [ 12.75232, 12.100322, 12.064697, 12.930651 ] }, { "date": "2025-03-14", "close": 15.6945, "volume": 99309, "typical_volume": 39305.8, "trend": 14.5019, "fair_value": 22.229711, "relative_strength": -12.705606, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 24.746772, "energy": 36.325317, "activity_lines": [ 13.87584, 12.803571, 12.376755, 12.991467 ] }, { "date": "2025-03-21", "close": 14.8605, "volume": 40493, "typical_volume": 40457.0, "trend": 14.267343, "fair_value": 22.149611, "relative_strength": -17.001641, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.804835, "energy": 42.688548, "activity_lines": [ 14.417873, 13.296275, 12.607341, 13.014603 ] }, { "date": "2025-03-28", "close": 15.87, "volume": 40512, "typical_volume": 40542.95, "trend": 14.107227, "fair_value": 22.082088, "relative_strength": -9.456479, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.679635, "energy": 55.069958, "activity_lines": [ 15.079833, 13.912471, 12.934847, 13.118 ] }, { "date": "2025-04-04", "close": 23.8418, "volume": 124823, "typical_volume": 44961.8, "trend": 14.164717, "fair_value": 22.100809, "relative_strength": 49.20203, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 69.684545, "energy": 86.618652, "activity_lines": [ 18.182633, 15.889742, 14.00941, 13.746037 ] }, { "date": "2025-04-11", "close": 16.6, "volume": 129140, "typical_volume": 50835.6, "trend": 14.046453, "fair_value": 22.042905, "relative_strength": -0.739273, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.400382, "energy": 57.227961, "activity_lines": [ 18.092847, 16.3093, 14.343015, 13.903152 ] }, { "date": "2025-04-18", "close": 16.6939, "volume": 27353, "typical_volume": 50398.1, "trend": 13.94111, "fair_value": 21.987186, "relative_strength": 2.079986, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.297268, "energy": 51.933035, "activity_lines": [ 17.86636, 16.6448, 14.667219, 14.073955 ] }, { "date": "2025-04-25", "close": 15.06, "volume": 65184, "typical_volume": 52527.15, "trend": 13.85583, "fair_value": 21.915772, "relative_strength": -11.079444, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.60856, "energy": 43.36383, "activity_lines": [ 17.028613, 16.582287, 14.814524, 14.146142 ] }, { "date": "2025-05-02", "close": 12.4492, "volume": 120871, "typical_volume": 56798.5, "trend": 13.683117, "fair_value": 21.819174, "relative_strength": -27.679686, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.732043, "energy": 16.614525, "activity_lines": [ 15.3073, 15.982391, 14.699835, 14.055391 ] }, { "date": "2025-05-09", "close": 11.4549, "volume": 77059, "typical_volume": 59034.15, "trend": 13.505477, "fair_value": 21.714485, "relative_strength": -32.372032, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -10.284036, "energy": 19.321615, "activity_lines": [ 13.482607, 15.204884, 14.490021, 13.911635 ] }, { "date": "2025-05-16", "close": 9.7875, "volume": 62254, "typical_volume": 61774.9, "trend": 13.355667, "fair_value": 21.595215, "relative_strength": -44.364446, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -21.041317, "energy": 29.654835, "activity_lines": [ 11.927907, 14.137069, 14.124664, 13.671766 ] }, { "date": "2025-05-23", "close": 10.6383, "volume": 54932, "typical_volume": 63762.8, "trend": 13.201437, "fair_value": 21.486731, "relative_strength": -37.075077, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -24.393907, "energy": 33.869223, "activity_lines": [ 11.110973, 13.301991, 13.849366, 13.496452 ] }, { "date": "2025-05-30", "close": 9.7, "volume": 85321, "typical_volume": 67733.55, "trend": 13.023977, "fair_value": 21.371175, "relative_strength": -42.716658, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.857497, "energy": 47.951642, "activity_lines": [ 10.38498, 12.388244, 13.493355, 13.270553 ] }, { "date": "2025-06-06", "close": 9.02, "volume": 83892, "typical_volume": 70727.85, "trend": 12.88078, "fair_value": 21.25126, "relative_strength": -46.705585, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.393332, "energy": 53.514555, "activity_lines": [ 9.789653, 11.444687, 13.081427, 13.012232 ] }, { "date": "2025-06-13", "close": 10.333944, "volume": 78108, "typical_volume": 72301.65, "trend": 12.789358, "fair_value": 21.146286, "relative_strength": -37.673352, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.523562, "energy": 46.325215, "activity_lines": [ 9.860921, 10.864575, 12.804118, 12.84792 ] }, { "date": "2025-06-20", "close": 10.2926, "volume": 63263, "typical_volume": 73920.65, "trend": 12.707515, "fair_value": 21.042918, "relative_strength": -36.834972, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.950821, "energy": 43.335213, "activity_lines": [ 9.993138, 10.522544, 12.524071, 12.686838 ] }, { "date": "2025-06-27", "close": 9.05, "volume": 96445, "typical_volume": 77981.6, "trend": 12.601748, "fair_value": 20.929777, "relative_strength": -45.396383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.543596, "energy": 41.693376, "activity_lines": [ 9.677482, 10.069265, 12.129229, 12.45087 ] }, { "date": "2025-07-04", "close": 8.35, "volume": 84678, "typical_volume": 80421.5, "trend": 12.471501, "fair_value": 20.812209, "relative_strength": -49.504342, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.625641, "energy": 53.756526, "activity_lines": [ 9.234379, 9.627693, 11.677683, 12.176563 ] }, { "date": "2025-07-11", "close": 7.5199, "volume": 127939, "typical_volume": 84981.0, "trend": 12.310201, "fair_value": 20.689132, "relative_strength": -53.453757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.605657, "energy": 83.536374, "activity_lines": [ 8.604576, 9.157194, 11.162612, 11.857105 ] }, { "date": "2025-07-18", "close": 7.285, "volume": 48194, "typical_volume": 80854.55, "trend": 12.148408, "fair_value": 20.566158, "relative_strength": -54.252787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.451777, "energy": 86.888079, "activity_lines": [ 7.99648, 8.733609, 10.649474, 11.532899 ] }, { "date": "2025-07-25", "close": 7.2994, "volume": 131983, "typical_volume": 82087.65, "trend": 12.002258, "fair_value": 20.445551, "relative_strength": -53.86535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.412141, "energy": 87.949781, "activity_lines": [ 7.596447, 8.38846, 10.160931, 11.220059 ] }, { "date": "2025-08-01", "close": 8.6766, "volume": 96956, "typical_volume": 81970.0, "trend": 11.876328, "fair_value": 20.339525, "relative_strength": -42.312618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.859984, "energy": 85.020989, "activity_lines": [ 7.855027, 8.338948, 9.835838, 11.005501 ] }, { "date": "2025-08-08", "close": 8.2939, "volume": 46691, "typical_volume": 82279.9, "trend": 11.767538, "fair_value": 20.231974, "relative_strength": -44.70846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.53123, "energy": 75.979804, "activity_lines": [ 8.010933, 8.255522, 9.507717, 10.774376 ] }, { "date": "2025-08-15", "close": 7.105, "volume": 134570, "typical_volume": 86982.8, "trend": 11.637335, "fair_value": 20.115807, "relative_strength": -51.863623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.065844, "energy": 72.84235, "activity_lines": [ 7.77428, 7.981497, 9.097636, 10.473568 ] }, { "date": "2025-08-22", "close": 6.7128, "volume": 128119, "typical_volume": 87147.6, "trend": 11.508241, "fair_value": 19.998236, "relative_strength": -53.521216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.994049, "energy": 65.455813, "activity_lines": [ 7.434553, 7.670982, 8.691941, 10.155856 ] }, { "date": "2025-08-29", "close": 6.63, "volume": 342426, "typical_volume": 97811.9, "trend": 11.361315, "fair_value": 19.881991, "relative_strength": -52.991356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.4255, "energy": 72.001061, "activity_lines": [ 7.105373, 7.411251, 8.359927, 9.84113 ] }, { "date": "2025-09-05", "close": 6.9112, "volume": 101488, "typical_volume": 101518.65, "trend": 11.220281, "fair_value": 19.770174, "relative_strength": -49.805337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.544685, "energy": 72.177403, "activity_lines": [ 6.914553, 7.26924, 8.10217, 9.554026 ] }, { "date": "2025-09-12", "close": 7.07, "volume": 90697, "typical_volume": 102794.3, "trend": 11.068885, "fair_value": 19.661625, "relative_strength": -48.25154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.244182, "energy": 70.897719, "activity_lines": [ 6.89436, 7.194989, 7.906121, 9.286266 ] }, { "date": "2025-09-19", "close": 7.11, "volume": 29257, "typical_volume": 98213.6, "trend": 10.885098, "fair_value": 19.555255, "relative_strength": -47.397239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.90166, "energy": 61.433693, "activity_lines": [ 6.969093, 7.151284, 7.75193, 9.030854 ] }, { "date": "2025-09-26", "close": 7.3889, "volume": 41414, "typical_volume": 96431.35, "trend": 10.725995, "fair_value": 19.453017, "relative_strength": -44.121166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.289128, "energy": 53.719956, "activity_lines": [ 7.13646, 7.16574, 7.649725, 8.805293 ] }, { "date": "2025-10-03", "close": 7.2241, "volume": 52033, "typical_volume": 95920.3, "trend": 10.497465, "fair_value": 19.35111, "relative_strength": -44.891487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.717752, "energy": 43.923809, "activity_lines": [ 7.20382, 7.148344, 7.551187, 8.579364 ] }, { "date": "2025-10-10", "close": 7.8879, "volume": 48624, "typical_volume": 95604.9, "trend": 10.237245, "fair_value": 19.256372, "relative_strength": -37.274866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.98036, "energy": 33.726875, "activity_lines": [ 7.45284, 7.253007, 7.528074, 8.411005 ] }, { "date": "2025-10-17", "close": 7.2192, "volume": 39781, "typical_volume": 93327.9, "trend": 9.982535, "fair_value": 19.157707, "relative_strength": -42.782896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.527084, "energy": 30.980182, "activity_lines": [ 7.413847, 7.250429, 7.454373, 8.216293 ] }, { "date": "2025-10-24", "close": 6.44, "volume": 95195, "typical_volume": 93893.05, "trend": 9.668201, "fair_value": 19.054311, "relative_strength": -49.041614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.64112, "energy": 45.914065, "activity_lines": [ 7.105173, 7.125718, 7.318275, 7.987742 ] }, { "date": "2025-10-31", "close": 6.782, "volume": 64296, "typical_volume": 93202.45, "trend": 9.099541, "fair_value": 18.955341, "relative_strength": -45.781623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.880784, "energy": 45.038931, "activity_lines": [ 6.955167, 7.07528, 7.227035, 7.801536 ] }, { "date": "2025-11-07", "close": 6.53, "volume": 166169, "typical_volume": 98347.75, "trend": 8.763875, "fair_value": 18.855938, "relative_strength": -46.211567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.906959, "energy": 51.091396, "activity_lines": [ 6.76162, 6.977765, 7.128709, 7.635759 ] }, { "date": "2025-11-14", "close": 6.5607, "volume": 50036, "typical_volume": 96027.3, "trend": 8.426101, "fair_value": 18.758357, "relative_strength": -45.289791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.288653, "energy": 52.281576, "activity_lines": [ 6.62458, 6.887651, 7.051224, 7.493618 ] }, { "date": "2025-11-21", "close": 7.045, "volume": 51007, "typical_volume": 94343.75, "trend": 8.158935, "fair_value": 18.666126, "relative_strength": -39.3843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.151684, "energy": 42.623167, "activity_lines": [ 6.737453, 6.891964, 7.031716, 7.404515 ] }, { "date": "2025-11-28", "close": 5.9752, "volume": 27087, "typical_volume": 89301.15, "trend": 7.943135, "fair_value": 18.566978, "relative_strength": -49.775958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.510159, "energy": 49.459551, "activity_lines": [ 6.50534, 6.702222, 6.916537, 7.263629 ] }, { "date": "2025-12-05", "close": 5.654, "volume": 57621, "typical_volume": 89772.5, "trend": 7.749771, "fair_value": 18.466877, "relative_strength": -51.990028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.685831, "energy": 54.890909, "activity_lines": [ 6.197147, 6.474713, 6.778123, 7.115943 ] }, { "date": "2025-12-12", "close": 5.0843, "volume": 36237, "typical_volume": 84985.2, "trend": 7.592998, "fair_value": 18.363934, "relative_strength": -55.925037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.070809, "energy": 70.368253, "activity_lines": [ 5.774253, 6.175165, 6.593219, 6.943977 ] }, { "date": "2025-12-19", "close": 4.68, "volume": 37317, "typical_volume": 82003.25, "trend": 7.394388, "fair_value": 18.259477, "relative_strength": -58.830366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.400172, "energy": 86.719407, "activity_lines": [ 5.312973, 5.841015, 6.380358, 6.756042 ] }, { "date": "2025-12-26", "close": 4.64, "volume": 45638, "typical_volume": 81950.6, "trend": 7.225721, "fair_value": 18.156299, "relative_strength": -59.138568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.3269, "energy": 89.052042, "activity_lines": [ 4.96374, 5.557916, 6.182719, 6.578339 ] }, { "date": "2026-01-02", "close": 4.591, "volume": 34673, "typical_volume": 76955.75, "trend": 7.078088, "fair_value": 18.054304, "relative_strength": -58.439827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.303906, "energy": 88.97714, "activity_lines": [ 4.758507, 5.312804, 5.997813, 6.408357 ] }, { "date": "2026-01-09", "close": 4.07, "volume": 60387, "typical_volume": 73569.15, "trend": 6.86929, "fair_value": 17.949944, "relative_strength": -63.108296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.561232, "energy": 92.232299, "activity_lines": [ 4.471887, 5.006582, 5.775259, 6.214287 ] }, { "date": "2026-01-16", "close": 3.951, "volume": 170632, "typical_volume": 64979.45, "trend": 6.657903, "fair_value": 17.846248, "relative_strength": -63.491056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.254586, "energy": 91.223483, "activity_lines": [ 4.2512, 4.728033, 5.553957, 6.02601 ] }, { "date": "2026-01-23", "close": 4.229, "volume": 99013, "typical_volume": 64855.7, "trend": 6.497203, "fair_value": 17.746121, "relative_strength": -60.223223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.768799, "energy": 85.072986, "activity_lines": [ 4.198733, 4.54692, 5.371888, 5.869307 ] }, { "date": "2026-01-30", "close": 4.294, "volume": 151339, "typical_volume": 67887.8, "trend": 6.362003, "fair_value": 17.64793, "relative_strength": -59.142723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.352605, "energy": 83.167447, "activity_lines": [ 4.198, 4.42002, 5.208781, 5.727165 ] }, { "date": "2026-02-06", "close": 3.2425, "volume": 747711, "typical_volume": 103810.5, "trend": 6.219423, "fair_value": 17.543543, "relative_strength": -68.526763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.996284, "energy": 87.792076, "activity_lines": [ 3.869833, 4.151956, 4.958751, 5.525906 ] }, { "date": "2026-02-13", "close": 3.55, "volume": 194588, "typical_volume": 111469.2, "trend": 6.094923, "fair_value": 17.44287, "relative_strength": -64.44929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.085172, "energy": 74.488807, "activity_lines": [ 3.734067, 3.989487, 4.756424, 5.353685 ] }, { "date": "2026-02-20", "close": 3.4003, "volume": 361103, "typical_volume": 126922.7, "trend": 5.964953, "fair_value": 17.342566, "relative_strength": -65.588805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.017962, "energy": 81.791112, "activity_lines": [ 3.583067, 3.838055, 4.55812, 5.179839 ] }, { "date": "2026-02-27", "close": 3.593, "volume": 606633, "typical_volume": 154823.15, "trend": 5.7955, "fair_value": 17.245051, "relative_strength": -62.6817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.446803, "energy": 82.928902, "activity_lines": [ 3.533013, 3.752276, 4.396376, 5.026809 ] }, { "date": "2026-03-06", "close": 4.49, "volume": 986612, "typical_volume": 202164.7, "trend": 5.668703, "fair_value": 17.155227, "relative_strength": -51.21416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.745441, "energy": 60.896776, "activity_lines": [ 3.82436, 3.849353, 4.340513, 4.942584 ] }, { "date": "2026-03-13", "close": 5.1, "volume": 1767496, "typical_volume": 285779.75, "trend": 5.60187, "fair_value": 17.070925, "relative_strength": -42.072655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.52212, "energy": 29.809633, "activity_lines": [ 4.305973, 4.060065, 4.355742, 4.905893 ] }, { "date": "2026-03-20", "close": 5.299, "volume": 1002886, "typical_volume": 332709.25, "trend": 5.554743, "fair_value": 16.989175, "relative_strength": -37.030057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.528749, "energy": 26.911278, "activity_lines": [ 4.730087, 4.297705, 4.396304, 4.886353 ] }, { "date": "2026-03-27", "close": 5.47, "volume": 1145488, "typical_volume": 381675.2, "trend": 5.516077, "fair_value": 16.909733, "relative_strength": -31.455158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.420275, "energy": 35.002491, "activity_lines": [ 5.0946, 4.544091, 4.460213, 4.880886 ] }, { "date": "2026-04-03", "close": 4.85, "volume": 1273074, "typical_volume": 442827.1, "trend": 5.44737, "fair_value": 16.827132, "relative_strength": -37.379898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.914615, "energy": 27.750379, "activity_lines": [ 5.114467, 4.650131, 4.470123, 4.837913 ] }, { "date": "2026-04-10", "close": 4.13, "volume": 1330008, "typical_volume": 506777.15, "trend": 5.34937, "fair_value": 16.740757, "relative_strength": -46.312792, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.002271, "energy": 20.429514, "activity_lines": [ 4.810533, 4.613971, 4.419607, 4.752922 ] }, { "date": "2026-04-17", "close": 3.63, "volume": 936181, "typical_volume": 552231.85, "trend": 5.23337, "fair_value": 16.652171, "relative_strength": -52.683942, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.216071, "energy": 25.040453, "activity_lines": [ 4.363933, 4.489884, 4.335353, 4.641994 ] }, { "date": "2026-04-24", "close": 4.24, "volume": 1497542, "typical_volume": 624227.9, "trend": 5.128407, "fair_value": 16.568867, "relative_strength": -42.815469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.105948, "energy": 28.237813, "activity_lines": [ 4.218667, 4.46966, 4.320362, 4.577906 ] }, { "date": "2026-05-01", "close": 4.31, "volume": 1145350, "typical_volume": 679683.55, "trend": 5.03127, "fair_value": 16.487142, "relative_strength": -40.627545, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.162513, "energy": 30.093271, "activity_lines": [ 4.167333, 4.449618, 4.318771, 4.525106 ] }, { "date": "2026-05-08", "close": 3.79, "volume": 1171973, "typical_volume": 736416.35, "trend": 4.894673, "fair_value": 16.403055, "relative_strength": -47.447658, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.722845, "energy": 33.960077, "activity_lines": [ 4.02, 4.318491, 4.271344, 4.445024 ] }, { "date": "2026-05-15", "close": 4.3, "volume": 710745, "typical_volume": 769671.7, "trend": 4.797367, "fair_value": 16.323429, "relative_strength": -39.204365, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.373852, "energy": 26.076167, "activity_lines": [ 4.113333, 4.276509, 4.276726, 4.406658 ] }, { "date": "2026-05-22", "close": 3.57, "volume": 699664, "typical_volume": 802921.25, "trend": 4.7017, "fair_value": 16.240073, "relative_strength": -48.536867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.752484, "energy": 32.466703, "activity_lines": [ 3.952, 4.105255, 4.214203, 4.327473 ] }, { "date": "2026-05-29", "close": 2.93, "volume": 458896, "typical_volume": 822846.7, "trend": 4.5733, "fair_value": 16.153644, "relative_strength": -57.238964, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.537433, "energy": 53.448861, "activity_lines": [ 3.581333, 3.845455, 4.09559, 4.213169 ] }, { "date": "2026-06-05", "close": 3.32, "volume": 388519, "typical_volume": 833741.05, "trend": 4.4663, "fair_value": 16.070847, "relative_strength": -49.145518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.846887, "energy": 52.956676, "activity_lines": [ 3.428, 3.699636, 4.019548, 4.132311 ] }, { "date": "2026-06-12", "close": 2.752, "volume": 464045, "typical_volume": 851992.65, "trend": 4.339343, "fair_value": 15.98547, "relative_strength": -56.789242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.307723, "energy": 69.724034, "activity_lines": [ 3.151333, 3.489636, 3.892415, 4.021711 ] }, { "date": "2026-06-19", "close": 2.538, "volume": 641609, "typical_volume": 876506.15, "trend": 4.18911, "fair_value": 15.836482, "relative_strength": -59.230998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.003057, "energy": 74.778964, "activity_lines": [ 2.872533, 3.278873, 3.751935, 3.905496 ] }, { "date": "2026-06-26", "close": 2.24, "volume": 561420, "typical_volume": 867191.6, "trend": 4.064603, "fair_value": 15.710861, "relative_strength": -62.109756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.4861, "energy": 77.702546, "activity_lines": [ 2.611867, 3.042873, 3.591436, 3.779747 ] }, { "date": "2026-07-03", "close": 2.15, "volume": 514579, "typical_volume": 883191.15, "trend": 3.947803, "fair_value": 15.585797, "relative_strength": -63.484109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.842017, "energy": 82.503172, "activity_lines": [ 2.409867, 2.815782, 3.42714, 3.656224 ] }, { "date": "2026-07-10", "close": 2.35, "volume": 833827, "typical_volume": 906827.35, "trend": 3.85666, "fair_value": 15.460861, "relative_strength": -59.735699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.277053, "energy": 80.535553, "activity_lines": [ 2.326533, 2.663055, 3.288557, 3.55314 ] }, { "date": "2026-07-17", "close": 2.59, "volume": 935827, "typical_volume": 923287.05, "trend": 3.786993, "fair_value": 15.343042, "relative_strength": -53.982885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.421192, "energy": 76.574307, "activity_lines": [ 2.387867, 2.5896, 3.177833, 3.47142 ] }, { "date": "2026-07-24", "close": 2.49, "volume": 549135, "typical_volume": 901413.2, "trend": 3.715327, "fair_value": 15.217913, "relative_strength": -54.550446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.872763, "energy": 66.571856, "activity_lines": [ 2.426667, 2.519782, 3.062362, 3.387743 ] }, { "date": "2026-07-31", "close": 2.41, "volume": 325529, "typical_volume": 829314.85, "trend": 3.642627, "fair_value": 15.0777, "relative_strength": -55.223591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.491679, "energy": 50.611059, "activity_lines": [ 2.442, 2.468327, 2.948795, 3.303528 ] }, { "date": "2026-08-07", "close": 2.198, "volume": 427597, "typical_volume": 800550.4, "trend": 3.580227, "fair_value": 14.937347, "relative_strength": -59.430417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.803084, "energy": 53.913518, "activity_lines": [ 2.375333, 2.399418, 2.827848, 3.210326 ] } ], "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." } } }