{ "ticker": { "uuid": "e008cf64-ccc1-43df-8301-158ec012c09e", "symbol": "MRVE3", "name": "MRV Engenharia e Participa\u00e7\u00f5es S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "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": -73.855, "architecture_energy": 74.866, "architecture_maturity": 54.031, "architecture_confidence": 96, "architecture_tenure": "Established", "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": 7.01, "rotation_up": 24.87, "upward_expansion": 14.85, "deceleration": 44.68, "rotation_down": 62.17, "downward_expansion": 88.19 }, "activity_lines": [ 4.600667, 4.810727, 5.365952, 6.034559 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 4.46, "trend_reference": 6.891667, "distance_from_trend": -0.352842, "trend_direction": "Weakening", "fair_value": 7.236795, "distance_from_fair_value": -0.383705, "fair_value_direction": "Weakening", "relative_strength": -40.915865, "relative_strength_direction": "Weakening", "price_momentum": -0.501119, "excess_performance": -0.44407, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.352842, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.134865, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.383705, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.240039, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.409159, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.182069, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.501119, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.139356, "read": "Supply-led" } ], "volume": { "latest": 50254800, "relative_activity": 1.390108, "balance": 0.139356, "dry_up": 1.349681, "accumulation_observations": 1, "distribution_observations": 7 }, "risk": { "range_context": 0.104001, "annualized_volatility": 0.448135, "from_high_reference": -0.576448, "from_low_reference": 0.022936 }, "levels": { "trend_reference": 6.891667, "fair_value_reference": 7.236795, "structural_low": 4.36, "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": 34, "median_return": 0.015275, "positive_rate": 0.529412, "directional_follow_through": 0.441176, "median_excess_return": 0.010719, "regime_survival": 0.823529, "best_return": 0.224731, "worst_return": -0.25653, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.049801, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.042568, "regime_survival": 0.545455, "best_return": 1.016692, "worst_return": -0.233417, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.099035, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.108746, "regime_survival": 0.571429, "best_return": 0.760265, "worst_return": -0.328918, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.059799, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.035514, "regime_survival": 0.25, "best_return": 0.687251, "worst_return": -0.395379, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.024691, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-10-11", "tenure": "Developing", "return": -0.022576, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.108033, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": -0.172414, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-04-18", "tenure": "Established", "return": 0.109562, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-06-27", "tenure": "Developing", "return": -0.031097, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-10-10", "tenure": "Established", "return": -0.004769, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-11-07", "tenure": "New", "return": 0.192248, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-26", "tenure": "Developing", "return": -0.086698, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": 0.268135, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-27", "tenure": "Developing", "return": -0.259188, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": -0.030265, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": -0.083562, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": -0.282958, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.71, "volume": 49855800, "typical_volume": 60808700.0, "trend": 9.335667, "fair_value": 12.178888, "relative_strength": 30.860148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.915331, "energy": 55.99004, "activity_lines": [ 13.346667, 13.172, 12.058, 10.848065 ] }, { "date": "2023-08-25", "close": 12.19, "volume": 41660000, "typical_volume": 61331895.0, "trend": 9.514667, "fair_value": 12.151117, "relative_strength": 24.594867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.090386, "energy": 40.504335, "activity_lines": [ 12.900667, 13.058, 12.193333, 11.032215 ] }, { "date": "2023-09-01", "close": 11.79, "volume": 49243800, "typical_volume": 59965580.0, "trend": 9.688667, "fair_value": 12.122582, "relative_strength": 18.569888, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.115314, "energy": 26.093874, "activity_lines": [ 12.425333, 12.862364, 12.263905, 11.179011 ] }, { "date": "2023-09-08", "close": 11.71, "volume": 26652100, "typical_volume": 58385990.0, "trend": 9.875, "fair_value": 12.097192, "relative_strength": 20.546325, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.809239, "energy": 26.498915, "activity_lines": [ 12.066667, 12.64, 12.30619, 11.309419 ] }, { "date": "2023-09-15", "close": 11.7, "volume": 47991900, "typical_volume": 55429735.0, "trend": 10.054333, "fair_value": 12.077719, "relative_strength": 17.339036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.696959, "energy": 25.082623, "activity_lines": [ 11.853333, 12.413273, 12.324286, 11.427161 ] }, { "date": "2023-09-22", "close": 10.68, "volume": 65093700, "typical_volume": 56196760.0, "trend": 10.205, "fair_value": 12.050371, "relative_strength": 10.152388, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.598229, "energy": 19.557655, "activity_lines": [ 11.406667, 12.03, 12.22381, 11.467527 ] }, { "date": "2023-09-29", "close": 10.67, "volume": 65582900, "typical_volume": 55768190.0, "trend": 10.376333, "fair_value": 12.023134, "relative_strength": 10.064629, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.292736, "energy": 24.033635, "activity_lines": [ 11.092, 11.684364, 12.11019, 11.497527 ] }, { "date": "2023-10-06", "close": 9.0, "volume": 116760600, "typical_volume": 58977150.0, "trend": 10.462, "fair_value": 11.974914, "relative_strength": -4.736305, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.258184, "energy": 57.619606, "activity_lines": [ 10.322, 11.091091, 11.828952, 11.408731 ] }, { "date": "2023-10-13", "close": 9.04, "volume": 55639600, "typical_volume": 58501820.0, "trend": 10.521333, "fair_value": 11.925247, "relative_strength": -5.277089, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.332179, "energy": 69.153764, "activity_lines": [ 9.751333, 10.594909, 11.555476, 11.316989 ] }, { "date": "2023-10-20", "close": 8.14, "volume": 111225900, "typical_volume": 61916480.0, "trend": 10.556, "fair_value": 11.869219, "relative_strength": -12.632421, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.895152, "energy": 75.547191, "activity_lines": [ 9.058667, 10.024182, 11.200476, 11.163355 ] }, { "date": "2023-10-27", "close": 8.33, "volume": 60395500, "typical_volume": 62366705.0, "trend": 10.621, "fair_value": 11.822874, "relative_strength": -10.458382, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.911384, "energy": 78.686924, "activity_lines": [ 8.666667, 9.581818, 10.876, 11.019742 ] }, { "date": "2023-11-03", "close": 9.25, "volume": 43628700, "typical_volume": 61709840.0, "trend": 10.709667, "fair_value": 11.772954, "relative_strength": -4.449433, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.467749, "energy": 69.076524, "activity_lines": [ 8.738, 9.386364, 10.654952, 10.93129 ] }, { "date": "2023-11-10", "close": 10.12, "volume": 66926800, "typical_volume": 61581715.0, "trend": 10.798667, "fair_value": 11.719911, "relative_strength": 2.281379, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.381252, "energy": 42.376439, "activity_lines": [ 9.194, 9.402545, 10.528429, 10.893247 ] }, { "date": "2023-11-17", "close": 10.65, "volume": 46785200, "typical_volume": 59120575.0, "trend": 10.926, "fair_value": 11.673757, "relative_strength": 3.634052, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -45.009776, "energy": 31.355365, "activity_lines": [ 9.752, 9.545455, 10.457143, 10.883656 ] }, { "date": "2023-11-24", "close": 9.55, "volume": 49371200, "typical_volume": 57348630.0, "trend": 11.004333, "fair_value": 11.61919, "relative_strength": -7.421248, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.303053, "energy": 25.461097, "activity_lines": [ 9.836, 9.507636, 10.285476, 10.794882 ] }, { "date": "2023-12-01", "close": 9.59, "volume": 62444700, "typical_volume": 57285440.0, "trend": 11.053333, "fair_value": 11.562808, "relative_strength": -8.867045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.326976, "energy": 24.883472, "activity_lines": [ 9.839333, 9.516182, 10.135429, 10.703634 ] }, { "date": "2023-12-08", "close": 9.43, "volume": 65086800, "typical_volume": 57607205.0, "trend": 11.072, "fair_value": 11.507295, "relative_strength": -9.660407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.67623, "energy": 23.417958, "activity_lines": [ 9.705333, 9.515455, 9.985667, 10.598903 ] }, { "date": "2023-12-15", "close": 10.85, "volume": 72177800, "typical_volume": 59004730.0, "trend": 11.106, "fair_value": 11.460588, "relative_strength": 1.217249, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.742806, "energy": 16.669185, "activity_lines": [ 10.032667, 9.795455, 9.991714, 10.584581 ] }, { "date": "2023-12-22", "close": 10.72, "volume": 61377600, "typical_volume": 59878830.0, "trend": 11.132667, "fair_value": 11.416718, "relative_strength": -2.143544, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.227617, "energy": 11.709904, "activity_lines": [ 10.268, 10.018182, 10.000095, 10.559677 ] }, { "date": "2023-12-29", "close": 11.23, "volume": 29490000, "typical_volume": 59369530.0, "trend": 11.148667, "fair_value": 11.376531, "relative_strength": 1.073607, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.027227, "energy": 13.609144, "activity_lines": [ 10.668667, 10.303091, 10.072381, 10.565957 ] }, { "date": "2024-01-05", "close": 9.86, "volume": 61450700, "typical_volume": 59949275.0, "trend": 11.089, "fair_value": 11.326142, "relative_strength": -9.914752, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.490566, "energy": 17.645557, "activity_lines": [ 10.500667, 10.282727, 10.024048, 10.482817 ] }, { "date": "2024-01-12", "close": 7.82, "volume": 197452500, "typical_volume": 67738900.0, "trend": 10.959667, "fair_value": 11.256105, "relative_strength": -27.902853, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.249195, "energy": 29.942065, "activity_lines": [ 9.634667, 9.863636, 9.795, 10.271914 ] }, { "date": "2024-01-19", "close": 7.97, "volume": 136731400, "typical_volume": 72113280.0, "trend": 10.854667, "fair_value": 11.193374, "relative_strength": -24.590548, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.277433, "energy": 64.636901, "activity_lines": [ 8.926, 9.497818, 9.601048, 10.079032 ] }, { "date": "2024-01-26", "close": 8.08, "volume": 86110400, "typical_volume": 75086195.0, "trend": 10.738333, "fair_value": 11.131527, "relative_strength": -24.37443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.695171, "energy": 74.108163, "activity_lines": [ 8.446, 9.191091, 9.435762, 9.900022 ] }, { "date": "2024-02-02", "close": 7.6, "volume": 80853300, "typical_volume": 76729265.0, "trend": 10.548667, "fair_value": 11.062117, "relative_strength": -27.855261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.202278, "energy": 81.336403, "activity_lines": [ 7.982, 8.843818, 9.242048, 9.697548 ] }, { "date": "2024-02-09", "close": 7.16, "volume": 210847300, "typical_volume": 84016945.0, "trend": 10.359, "fair_value": 10.992579, "relative_strength": -32.469756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.951245, "energy": 84.021933, "activity_lines": [ 7.613333, 8.452, 9.025952, 9.478925 ] }, { "date": "2024-02-16", "close": 7.3, "volume": 74046200, "typical_volume": 84440110.0, "trend": 10.144, "fair_value": 10.92944, "relative_strength": -31.50606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.94626, "energy": 79.66098, "activity_lines": [ 7.471333, 8.129818, 8.839952, 9.28157 ] }, { "date": "2024-02-23", "close": 7.7, "volume": 84789500, "typical_volume": 82841555.0, "trend": 9.936, "fair_value": 10.878196, "relative_strength": -28.16175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.179898, "energy": 70.202199, "activity_lines": [ 7.497333, 7.919091, 8.708095, 9.123892 ] }, { "date": "2024-03-01", "close": 7.6, "volume": 129294500, "typical_volume": 86524300.0, "trend": 9.724667, "fair_value": 10.824756, "relative_strength": -29.055631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.476838, "energy": 52.501755, "activity_lines": [ 7.508, 7.747455, 8.572905, 8.973183 ] }, { "date": "2024-03-08", "close": 7.76, "volume": 88156100, "typical_volume": 85370810.0, "trend": 9.54, "fair_value": 10.770847, "relative_strength": -26.342959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.759849, "energy": 45.34775, "activity_lines": [ 7.604, 7.661636, 8.45981, 8.84643 ] }, { "date": "2024-03-15", "close": 8.24, "volume": 109774700, "typical_volume": 87839770.0, "trend": 9.391, "fair_value": 10.717622, "relative_strength": -21.471348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.86779, "energy": 33.816414, "activity_lines": [ 7.849333, 7.726182, 8.394238, 8.762559 ] }, { "date": "2024-03-22", "close": 7.7, "volume": 89315000, "typical_volume": 90124085.0, "trend": 9.241333, "fair_value": 10.662071, "relative_strength": -26.590893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.570284, "energy": 30.228968, "activity_lines": [ 7.842667, 7.722, 8.277667, 8.653462 ] }, { "date": "2024-03-29", "close": 7.79, "volume": 39148600, "typical_volume": 88735175.0, "trend": 9.108, "fair_value": 10.605902, "relative_strength": -26.327298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.092924, "energy": 26.543928, "activity_lines": [ 7.839333, 7.736364, 8.177048, 8.559828 ] }, { "date": "2024-04-05", "close": 7.34, "volume": 62859600, "typical_volume": 89538895.0, "trend": 8.962333, "fair_value": 10.541644, "relative_strength": -29.743022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.859097, "energy": 33.837395, "activity_lines": [ 7.68, 7.672182, 8.044667, 8.445763 ] }, { "date": "2024-04-12", "close": 6.67, "volume": 85220000, "typical_volume": 91331335.0, "trend": 8.794667, "fair_value": 10.471895, "relative_strength": -35.46761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.02049, "energy": 67.665488, "activity_lines": [ 7.314667, 7.499636, 7.864238, 8.297871 ] }, { "date": "2024-04-19", "close": 6.57, "volume": 121676900, "typical_volume": 94292945.0, "trend": 8.657667, "fair_value": 10.405393, "relative_strength": -35.823008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.818797, "energy": 79.229266, "activity_lines": [ 6.988667, 7.325818, 7.688, 8.154344 ] }, { "date": "2024-04-26", "close": 6.67, "volume": 57049900, "typical_volume": 93891100.0, "trend": 8.524333, "fair_value": 10.342756, "relative_strength": -35.321438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.319074, "energy": 80.539458, "activity_lines": [ 6.807333, 7.180909, 7.535667, 8.026108 ] }, { "date": "2024-05-03", "close": 7.19, "volume": 50766600, "typical_volume": 92820540.0, "trend": 8.464, "fair_value": 10.282724, "relative_strength": -31.008563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.852215, "energy": 72.45954, "activity_lines": [ 6.868, 7.142, 7.446, 7.940022 ] }, { "date": "2024-05-10", "close": 7.02, "volume": 54921200, "typical_volume": 92497720.0, "trend": 8.396667, "fair_value": 10.222209, "relative_strength": -31.726643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.176286, "energy": 51.135884, "activity_lines": [ 6.912, 7.081455, 7.357571, 7.84686 ] }, { "date": "2024-05-17", "close": 7.28, "volume": 50173400, "typical_volume": 93531890.0, "trend": 8.368, "fair_value": 10.166398, "relative_strength": -28.96068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.117897, "energy": 39.019297, "activity_lines": [ 7.064, 7.078727, 7.311524, 7.774817 ] }, { "date": "2024-05-24", "close": 6.86, "volume": 58936500, "typical_volume": 93406180.0, "trend": 8.319, "fair_value": 10.103704, "relative_strength": -30.415218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.134832, "energy": 32.531554, "activity_lines": [ 7.035333, 7.008364, 7.244286, 7.677527 ] }, { "date": "2024-05-31", "close": 6.92, "volume": 33129900, "typical_volume": 85190050.0, "trend": 8.241333, "fair_value": 10.038418, "relative_strength": -27.857972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.547712, "energy": 32.850553, "activity_lines": [ 7.007333, 6.974, 7.197048, 7.587269 ] }, { "date": "2024-06-07", "close": 6.87, "volume": 54674300, "typical_volume": 81087195.0, "trend": 8.133, "fair_value": 9.978703, "relative_strength": -26.82557, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -47.083787, "energy": 32.405428, "activity_lines": [ 6.946, 6.944727, 7.149333, 7.498796 ] }, { "date": "2024-06-14", "close": 6.85, "volume": 52332600, "typical_volume": 79398305.0, "trend": 8.006333, "fair_value": 9.920743, "relative_strength": -25.605258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.475145, "energy": 38.512349, "activity_lines": [ 6.899333, 6.928545, 7.104952, 7.416022 ] }, { "date": "2024-06-21", "close": 6.63, "volume": 37164700, "typical_volume": 77213875.0, "trend": 7.909, "fair_value": 9.861131, "relative_strength": -28.295169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.36637, "energy": 42.46388, "activity_lines": [ 6.790667, 6.881273, 7.045476, 7.327226 ] }, { "date": "2024-06-28", "close": 6.68, "volume": 51451500, "typical_volume": 69244085.0, "trend": 7.812, "fair_value": 9.804997, "relative_strength": -28.454875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.855623, "energy": 40.433305, "activity_lines": [ 6.742, 6.843818, 6.995381, 7.247935 ] }, { "date": "2024-07-05", "close": 6.98, "volume": 43777000, "typical_volume": 67730625.0, "trend": 7.730333, "fair_value": 9.752669, "relative_strength": -25.565814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.079673, "energy": 33.689769, "activity_lines": [ 6.805333, 6.858909, 6.976143, 7.194258 ] }, { "date": "2024-07-12", "close": 6.96, "volume": 76657800, "typical_volume": 67324040.0, "trend": 7.600667, "fair_value": 9.699242, "relative_strength": -26.239777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.415601, "energy": 29.085203, "activity_lines": [ 6.858, 6.864727, 6.956524, 7.144559 ] }, { "date": "2024-07-19", "close": 6.74, "volume": 46666100, "typical_volume": 63192620.0, "trend": 7.468, "fair_value": 9.648838, "relative_strength": -26.668363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.102967, "energy": 27.748588, "activity_lines": [ 6.831333, 6.834727, 6.919476, 7.089032 ] }, { "date": "2024-07-26", "close": 6.73, "volume": 37212100, "typical_volume": 60645420.0, "trend": 7.318, "fair_value": 9.604871, "relative_strength": -25.447894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.564173, "energy": 22.57332, "activity_lines": [ 6.808667, 6.808, 6.885571, 7.041419 ] }, { "date": "2024-08-02", "close": 6.72, "volume": 57637700, "typical_volume": 58038570.0, "trend": 7.213333, "fair_value": 9.564787, "relative_strength": -23.271741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.671491, "energy": 27.831733, "activity_lines": [ 6.776, 6.789455, 6.855619, 7.002839 ] }, { "date": "2024-08-09", "close": 7.18, "volume": 76806500, "typical_volume": 57413145.0, "trend": 7.192, "fair_value": 9.530811, "relative_strength": -19.728278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.310888, "energy": 13.815893, "activity_lines": [ 6.894, 6.857091, 6.876714, 7.000688 ] }, { "date": "2024-08-16", "close": 7.29, "volume": 74539700, "typical_volume": 59182700.0, "trend": 7.169333, "fair_value": 9.499423, "relative_strength": -19.266451, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.859612, "energy": 7.133691, "activity_lines": [ 7.035333, 6.94, 6.910762, 7.007011 ] }, { "date": "2024-08-23", "close": 7.55, "volume": 61543600, "typical_volume": 59116900.0, "trend": 7.151667, "fair_value": 9.464782, "relative_strength": -16.223038, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.92671, "energy": 24.076516, "activity_lines": [ 7.241333, 7.062545, 6.971952, 7.03157 ] }, { "date": "2024-08-30", "close": 7.47, "volume": 53407000, "typical_volume": 57526250.0, "trend": 7.147333, "fair_value": 9.432361, "relative_strength": -16.259671, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.904097, "energy": 31.97705, "activity_lines": [ 7.366667, 7.157818, 7.024524, 7.052108 ] }, { "date": "2024-09-06", "close": 7.53, "volume": 62122400, "typical_volume": 54548525.0, "trend": 7.159667, "fair_value": 9.39905, "relative_strength": -13.532892, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.409751, "energy": 44.55233, "activity_lines": [ 7.462667, 7.248727, 7.079, 7.076796 ] }, { "date": "2024-09-13", "close": 8.03, "volume": 65498500, "typical_volume": 54970955.0, "trend": 7.184, "fair_value": 9.366878, "relative_strength": -6.92498, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.027614, "energy": 59.070035, "activity_lines": [ 7.671333, 7.415091, 7.176524, 7.132946 ] }, { "date": "2024-09-20", "close": 7.4, "volume": 61038200, "typical_volume": 55484535.0, "trend": 7.174, "fair_value": 9.332793, "relative_strength": -10.774253, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.476003, "energy": 40.510185, "activity_lines": [ 7.613333, 7.447818, 7.207571, 7.146882 ] }, { "date": "2024-09-27", "close": 7.34, "volume": 47436100, "typical_volume": 55110280.0, "trend": 7.165333, "fair_value": 9.30288, "relative_strength": -11.634769, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.834251, "energy": 25.67669, "activity_lines": [ 7.528, 7.461636, 7.231905, 7.157591 ] }, { "date": "2024-10-04", "close": 7.68, "volume": 65140600, "typical_volume": 55858640.0, "trend": 7.162667, "fair_value": 9.277698, "relative_strength": -6.291572, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.468756, "energy": 33.741786, "activity_lines": [ 7.57, 7.526364, 7.287095, 7.190796 ] }, { "date": "2024-10-11", "close": 7.36, "volume": 68553300, "typical_volume": 56339480.0, "trend": 7.133333, "fair_value": 9.249614, "relative_strength": -8.343803, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.14555, "energy": 19.108658, "activity_lines": [ 7.491333, 7.515636, 7.309905, 7.203527 ] }, { "date": "2024-10-18", "close": 7.22, "volume": 57113700, "typical_volume": 57538670.0, "trend": 7.117333, "fair_value": 9.23187, "relative_strength": -9.971033, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.767543, "energy": 15.897213, "activity_lines": [ 7.377333, 7.467818, 7.317, 7.209118 ] }, { "date": "2024-10-25", "close": 6.98, "volume": 46349500, "typical_volume": 57122430.0, "trend": 7.090333, "fair_value": 9.214958, "relative_strength": -12.012885, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.16811, "energy": 12.101547, "activity_lines": [ 7.237333, 7.375636, 7.29981, 7.200258 ] }, { "date": "2024-11-01", "close": 6.75, "volume": 47884700, "typical_volume": 56900035.0, "trend": 7.070667, "fair_value": 9.188795, "relative_strength": -13.034351, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.049665, "energy": 18.229089, "activity_lines": [ 7.048667, 7.247273, 7.26019, 7.178301 ] }, { "date": "2024-11-08", "close": 6.93, "volume": 85379000, "typical_volume": 59310750.0, "trend": 7.079333, "fair_value": 9.158744, "relative_strength": -9.660987, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.712246, "energy": 18.936541, "activity_lines": [ 6.959333, 7.166182, 7.23819, 7.169226 ] }, { "date": "2024-11-15", "close": 6.44, "volume": 74362700, "typical_volume": 60456310.0, "trend": 7.075, "fair_value": 9.128407, "relative_strength": -15.077577, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.665407, "energy": 38.306187, "activity_lines": [ 6.756667, 7.005818, 7.168095, 7.127978 ] }, { "date": "2024-11-22", "close": 6.38, "volume": 58200700, "typical_volume": 61177495.0, "trend": 7.065333, "fair_value": 9.100237, "relative_strength": -16.012284, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.425841, "energy": 48.332847, "activity_lines": [ 6.595333, 6.854364, 7.093429, 7.08314 ] }, { "date": "2024-11-29", "close": 5.28, "volume": 131327000, "typical_volume": 63910955.0, "trend": 7.001667, "fair_value": 9.061371, "relative_strength": -27.805133, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.591271, "energy": 76.9491, "activity_lines": [ 6.123333, 6.532909, 6.916857, 6.967957 ] }, { "date": "2024-12-06", "close": 5.02, "volume": 112936800, "typical_volume": 67224490.0, "trend": 6.935, "fair_value": 9.017818, "relative_strength": -30.725642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.347761, "energy": 84.78787, "activity_lines": [ 5.678, 6.202727, 6.723524, 6.840108 ] }, { "date": "2024-12-13", "close": 5.03, "volume": 80592900, "typical_volume": 69393530.0, "trend": 6.86, "fair_value": 8.978085, "relative_strength": -28.822316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.016591, "energy": 85.750454, "activity_lines": [ 5.351333, 5.916545, 6.539333, 6.717204 ] }, { "date": "2024-12-20", "close": 5.54, "volume": 84195500, "typical_volume": 70721420.0, "trend": 6.816, "fair_value": 8.943529, "relative_strength": -19.022455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.58517, "energy": 81.172612, "activity_lines": [ 5.321333, 5.771273, 6.41181, 6.632043 ] }, { "date": "2024-12-27", "close": 5.35, "volume": 27401700, "typical_volume": 68251180.0, "trend": 6.763667, "fair_value": 8.903938, "relative_strength": -19.524902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.243923, "energy": 74.683557, "activity_lines": [ 5.288, 5.624545, 6.27181, 6.537462 ] }, { "date": "2025-01-03", "close": 5.12, "volume": 22640000, "typical_volume": 65656195.0, "trend": 6.705333, "fair_value": 8.871616, "relative_strength": -20.991076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.843454, "energy": 63.842958, "activity_lines": [ 5.246667, 5.47, 6.118619, 6.431419 ] }, { "date": "2025-01-10", "close": 5.09, "volume": 44281200, "typical_volume": 64793075.0, "trend": 6.646667, "fair_value": 8.835962, "relative_strength": -21.199718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.214739, "energy": 53.834866, "activity_lines": [ 5.206, 5.343818, 5.972905, 6.327204 ] }, { "date": "2025-01-17", "close": 5.27, "volume": 58029800, "typical_volume": 65024215.0, "trend": 6.601333, "fair_value": 8.795612, "relative_strength": -20.195985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.924283, "energy": 49.239898, "activity_lines": [ 5.220667, 5.280545, 5.856048, 6.238387 ] }, { "date": "2025-01-24", "close": 5.18, "volume": 55329700, "typical_volume": 64684580.0, "trend": 6.551333, "fair_value": 8.747111, "relative_strength": -21.048615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.66436, "energy": 47.860018, "activity_lines": [ 5.189333, 5.231091, 5.741095, 6.146688 ] }, { "date": "2025-01-31", "close": 5.64, "volume": 48780200, "typical_volume": 63848665.0, "trend": 6.506667, "fair_value": 8.706547, "relative_strength": -16.097925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.662428, "energy": 36.09, "activity_lines": [ 5.335333, 5.288182, 5.681143, 6.087892 ] }, { "date": "2025-02-07", "close": 5.45, "volume": 43164400, "typical_volume": 62954975.0, "trend": 6.456333, "fair_value": 8.666982, "relative_strength": -17.575472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.715533, "energy": 30.267202, "activity_lines": [ 5.398667, 5.324182, 5.614476, 6.01972 ] }, { "date": "2025-02-14", "close": 5.8, "volume": 40708400, "typical_volume": 62618590.0, "trend": 6.425, "fair_value": 8.625411, "relative_strength": -14.38896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.667389, "energy": 21.757755, "activity_lines": [ 5.556667, 5.420727, 5.590429, 5.977376 ] }, { "date": "2025-02-21", "close": 5.74, "volume": 41460700, "typical_volume": 61434595.0, "trend": 6.392, "fair_value": 8.588628, "relative_strength": -14.098989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.44676, "energy": 21.318638, "activity_lines": [ 5.647333, 5.492182, 5.568, 5.933183 ] }, { "date": "2025-02-28", "close": 4.51, "volume": 104971500, "typical_volume": 63255505.0, "trend": 6.318333, "fair_value": 8.546362, "relative_strength": -29.557283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.270186, "energy": 40.455762, "activity_lines": [ 5.296667, 5.327091, 5.437667, 5.811763 ] }, { "date": "2025-03-07", "close": 4.77, "volume": 33695600, "typical_volume": 62084600.0, "trend": 6.238, "fair_value": 8.512596, "relative_strength": -26.204793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.830626, "energy": 48.592523, "activity_lines": [ 5.077333, 5.228, 5.345667, 5.711871 ] }, { "date": "2025-03-14", "close": 5.02, "volume": 45910400, "typical_volume": 62062645.0, "trend": 6.162333, "fair_value": 8.476493, "relative_strength": -23.961221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.361686, "energy": 56.101458, "activity_lines": [ 4.999333, 5.184909, 5.289143, 5.63329 ] }, { "date": "2025-03-21", "close": 5.04, "volume": 56826300, "typical_volume": 62509725.0, "trend": 6.078667, "fair_value": 8.428758, "relative_strength": -24.977544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.554447, "energy": 64.005447, "activity_lines": [ 4.956667, 5.147273, 5.243857, 5.560882 ] }, { "date": "2025-03-28", "close": 5.2, "volume": 50672200, "typical_volume": 60774385.0, "trend": 6.003, "fair_value": 8.38131, "relative_strength": -21.701541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.30334, "energy": 41.232857, "activity_lines": [ 5.018, 5.139636, 5.221952, 5.504194 ] }, { "date": "2025-04-04", "close": 4.99, "volume": 45247600, "typical_volume": 59318630.0, "trend": 5.918333, "fair_value": 8.342059, "relative_strength": -21.560902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.589302, "energy": 33.11906, "activity_lines": [ 5.045333, 5.095091, 5.188286, 5.438839 ] }, { "date": "2025-04-11", "close": 4.93, "volume": 76158100, "typical_volume": 60216500.0, "trend": 5.815, "fair_value": 8.305378, "relative_strength": -22.33395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.61261, "energy": 31.994683, "activity_lines": [ 5.020667, 5.043091, 5.15581, 5.375075 ] }, { "date": "2025-04-18", "close": 5.57, "volume": 54266600, "typical_volume": 56363480.0, "trend": 5.754, "fair_value": 8.274648, "relative_strength": -13.263217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.385522, "energy": 12.480099, "activity_lines": [ 5.198667, 5.120364, 5.19119, 5.359269 ] }, { "date": "2025-04-25", "close": 6.11, "volume": 70286600, "typical_volume": 54230970.0, "trend": 5.713, "fair_value": 8.250273, "relative_strength": -8.185149, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.049448, "energy": 13.857337, "activity_lines": [ 5.52, 5.293636, 5.276619, 5.382237 ] }, { "date": "2025-05-02", "close": 5.88, "volume": 40146600, "typical_volume": 52208655.0, "trend": 5.653, "fair_value": 8.228733, "relative_strength": -11.470919, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.05752, "energy": 25.831044, "activity_lines": [ 5.693333, 5.419455, 5.334952, 5.393011 ] }, { "date": "2025-05-09", "close": 5.46, "volume": 78919100, "typical_volume": 51944835.0, "trend": 5.589667, "fair_value": 8.20247, "relative_strength": -18.143207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.090896, "energy": 24.074903, "activity_lines": [ 5.681333, 5.466364, 5.349238, 5.380559 ] }, { "date": "2025-05-16", "close": 5.6, "volume": 52244200, "typical_volume": 53186960.0, "trend": 5.535667, "fair_value": 8.179074, "relative_strength": -17.117171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.004643, "energy": 26.083179, "activity_lines": [ 5.684667, 5.521455, 5.377238, 5.381226 ] }, { "date": "2025-05-23", "close": 5.07, "volume": 47773900, "typical_volume": 54443655.0, "trend": 5.472, "fair_value": 8.148956, "relative_strength": -23.662891, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.668874, "energy": 8.089962, "activity_lines": [ 5.466667, 5.465091, 5.353571, 5.351183 ] }, { "date": "2025-05-30", "close": 5.29, "volume": 41501800, "typical_volume": 54304685.0, "trend": 5.423333, "fair_value": 8.124927, "relative_strength": -19.305247, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.577162, "energy": 7.305348, "activity_lines": [ 5.355333, 5.447818, 5.351095, 5.339441 ] }, { "date": "2025-06-06", "close": 5.92, "volume": 78081600, "typical_volume": 55307275.0, "trend": 5.389667, "fair_value": 8.11091, "relative_strength": -8.58936, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.794806, "energy": 9.333767, "activity_lines": [ 5.508667, 5.540545, 5.407667, 5.371484 ] }, { "date": "2025-06-13", "close": 5.76, "volume": 67255100, "typical_volume": 55903545.0, "trend": 5.367, "fair_value": 8.097652, "relative_strength": -11.232389, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.489211, "energy": 20.570313, "activity_lines": [ 5.606, 5.591091, 5.445905, 5.395376 ] }, { "date": "2025-06-20", "close": 5.86, "volume": 37623100, "typical_volume": 55345690.0, "trend": 5.349667, "fair_value": 8.086812, "relative_strength": -9.187873, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.696211, "energy": 41.156977, "activity_lines": [ 5.716667, 5.645818, 5.490905, 5.427183 ] }, { "date": "2025-06-27", "close": 5.92, "volume": 45738200, "typical_volume": 55474380.0, "trend": 5.371, "fair_value": 8.072506, "relative_strength": -7.688468, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.733985, "energy": 49.943003, "activity_lines": [ 5.83, 5.694545, 5.540571, 5.463978 ] }, { "date": "2025-07-04", "close": 6.29, "volume": 44858600, "typical_volume": 55681890.0, "trend": 5.413333, "fair_value": 8.054136, "relative_strength": -4.693061, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.918681, "energy": 57.938173, "activity_lines": [ 6.01, 5.804182, 5.623238, 5.523269 ] }, { "date": "2025-07-11", "close": 6.09, "volume": 38424600, "typical_volume": 55530085.0, "trend": 5.448667, "fair_value": 8.035429, "relative_strength": -3.770364, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.705317, "energy": 54.853287, "activity_lines": [ 6.056667, 5.874182, 5.684524, 5.566925 ] }, { "date": "2025-07-18", "close": 5.95, "volume": 79943200, "typical_volume": 54278670.0, "trend": 5.462333, "fair_value": 8.018792, "relative_strength": -3.67827, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.528385, "energy": 48.482937, "activity_lines": [ 6.045333, 5.914909, 5.73081, 5.599269 ] }, { "date": "2025-07-25", "close": 6.1, "volume": 47786900, "typical_volume": 54983235.0, "trend": 5.487333, "fair_value": 8.000087, "relative_strength": -1.063201, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.725204, "energy": 44.465501, "activity_lines": [ 6.071333, 5.974, 5.784524, 5.640409 ] }, { "date": "2025-08-01", "close": 5.99, "volume": 39433100, "typical_volume": 54659370.0, "trend": 5.516333, "fair_value": 7.966603, "relative_strength": -1.715649, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.748751, "energy": 31.732482, "activity_lines": [ 6.044667, 6.004, 5.821429, 5.672839 ] }, { "date": "2025-08-08", "close": 6.49, "volume": 43377000, "typical_volume": 53986905.0, "trend": 5.563, "fair_value": 7.942699, "relative_strength": 4.078933, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.289884, "energy": 40.556789, "activity_lines": [ 6.18, 6.108182, 5.901333, 5.735656 ] }, { "date": "2025-08-15", "close": 7.16, "volume": 82018200, "typical_volume": 55554205.0, "trend": 5.626, "fair_value": 7.92675, "relative_strength": 14.554699, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.781843, "energy": 66.277019, "activity_lines": [ 6.525333, 6.312364, 6.038143, 5.838688 ] }, { "date": "2025-08-22", "close": 7.5, "volume": 50063100, "typical_volume": 55794980.0, "trend": 5.703333, "fair_value": 7.910392, "relative_strength": 18.644838, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.019281, "energy": 81.848484, "activity_lines": [ 6.912667, 6.555818, 6.198, 5.959591 ] }, { "date": "2025-08-29", "close": 7.59, "volume": 47620000, "typical_volume": 54368075.0, "trend": 5.768333, "fair_value": 7.883631, "relative_strength": 17.197867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.762323, "energy": 86.489106, "activity_lines": [ 7.226667, 6.784, 6.354476, 6.081312 ] }, { "date": "2025-09-05", "close": 8.11, "volume": 36820600, "typical_volume": 53495775.0, "trend": 5.857, "fair_value": 7.858689, "relative_strength": 24.110948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.15321, "energy": 93.418946, "activity_lines": [ 7.614667, 7.075273, 6.54781, 6.232387 ] }, { "date": "2025-09-12", "close": 7.56, "volume": 43565700, "typical_volume": 52159730.0, "trend": 5.915667, "fair_value": 7.827949, "relative_strength": 16.305574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.315937, "energy": 86.129, "activity_lines": [ 7.678, 7.226727, 6.676667, 6.342258 ] }, { "date": "2025-09-19", "close": 7.9, "volume": 29843100, "typical_volume": 51644555.0, "trend": 5.987667, "fair_value": 7.798333, "relative_strength": 18.657439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.542093, "energy": 83.505531, "activity_lines": [ 7.783333, 7.416909, 6.831, 6.47028 ] }, { "date": "2025-09-26", "close": 7.31, "volume": 43016100, "typical_volume": 49849405.0, "trend": 6.081, "fair_value": 7.765577, "relative_strength": 10.345602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.749462, "energy": 57.117805, "activity_lines": [ 7.642667, 7.466909, 6.919524, 6.555591 ] }, { "date": "2025-10-03", "close": 7.26, "volume": 48530900, "typical_volume": 49663740.0, "trend": 6.164, "fair_value": 7.737115, "relative_strength": 10.909005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.748282, "energy": 46.148796, "activity_lines": [ 7.498, 7.483091, 6.994476, 6.631656 ] }, { "date": "2025-10-10", "close": 6.26, "volume": 60032400, "typical_volume": 50276665.0, "trend": 6.205333, "fair_value": 7.709872, "relative_strength": -1.468251, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.050315, "energy": 17.520177, "activity_lines": [ 7.042, 7.296364, 6.966286, 6.637849 ] }, { "date": "2025-10-17", "close": 6.45, "volume": 36227300, "typical_volume": 50012940.0, "trend": 6.252333, "fair_value": 7.691538, "relative_strength": 0.038113, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.218923, "energy": 23.378709, "activity_lines": [ 6.772667, 7.139273, 6.950524, 6.653634 ] }, { "date": "2025-10-24", "close": 7.12, "volume": 35947200, "typical_volume": 47906220.0, "trend": 6.316333, "fair_value": 7.674423, "relative_strength": 8.568152, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.280946, "energy": 24.363519, "activity_lines": [ 6.800667, 7.104727, 6.993048, 6.709613 ] }, { "date": "2025-10-31", "close": 7.56, "volume": 42414500, "typical_volume": 46664190.0, "trend": 6.402, "fair_value": 7.656538, "relative_strength": 12.784043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.205767, "energy": 24.917042, "activity_lines": [ 7.027333, 7.150909, 7.071762, 6.789849 ] }, { "date": "2025-11-07", "close": 7.69, "volume": 23926000, "typical_volume": 45979335.0, "trend": 6.494, "fair_value": 7.648782, "relative_strength": 11.560388, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.069934, "energy": 32.818265, "activity_lines": [ 7.280667, 7.219636, 7.154286, 6.872946 ] }, { "date": "2025-11-14", "close": 8.42, "volume": 55033300, "typical_volume": 46444090.0, "trend": 6.589, "fair_value": 7.64891, "relative_strength": 19.151915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.359249, "energy": 66.661194, "activity_lines": [ 7.748667, 7.419273, 7.297619, 6.997204 ] }, { "date": "2025-11-21", "close": 8.38, "volume": 27406000, "typical_volume": 45571460.0, "trend": 6.664667, "fair_value": 7.649359, "relative_strength": 20.615543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.378513, "energy": 77.578007, "activity_lines": [ 8.059333, 7.606, 7.425238, 7.112753 ] }, { "date": "2025-11-28", "close": 9.3, "volume": 34535900, "typical_volume": 45377025.0, "trend": 6.778667, "fair_value": 7.654423, "relative_strength": 29.325966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.154204, "energy": 88.846065, "activity_lines": [ 8.548, 7.945091, 7.630524, 7.282774 ] }, { "date": "2025-12-05", "close": 8.47, "volume": 43922500, "typical_volume": 43575990.0, "trend": 6.879, "fair_value": 7.656987, "relative_strength": 18.355526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.696781, "energy": 79.517069, "activity_lines": [ 8.614667, 8.107818, 7.741476, 7.391892 ] }, { "date": "2025-12-12", "close": 8.3, "volume": 35781200, "typical_volume": 42975705.0, "trend": 6.969, "fair_value": 7.662179, "relative_strength": 12.991215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.077718, "energy": 69.114481, "activity_lines": [ 8.564, 8.218545, 7.824238, 7.48357 ] }, { "date": "2025-12-19", "close": 7.81, "volume": 36716500, "typical_volume": 42839875.0, "trend": 7.060333, "fair_value": 7.662308, "relative_strength": 7.681791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.991713, "energy": 44.757825, "activity_lines": [ 8.309333, 8.221273, 7.849857, 7.537828 ] }, { "date": "2025-12-26", "close": 7.69, "volume": 15972200, "typical_volume": 41469635.0, "trend": 7.140333, "fair_value": 7.662885, "relative_strength": 4.284829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.761364, "energy": 24.188857, "activity_lines": [ 8.055333, 8.174, 7.855381, 7.578452 ] }, { "date": "2026-01-02", "close": 7.72, "volume": 14424900, "typical_volume": 38089970.0, "trend": 7.200333, "fair_value": 7.663974, "relative_strength": 4.710128, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.244688, "energy": 22.206404, "activity_lines": [ 7.857333, 8.109636, 7.858048, 7.615849 ] }, { "date": "2026-01-09", "close": 8.17, "volume": 29452200, "typical_volume": 37059425.0, "trend": 7.280667, "fair_value": 7.670256, "relative_strength": 8.566825, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.566922, "energy": 23.131503, "activity_lines": [ 7.914667, 8.116182, 7.900905, 7.678409 ] }, { "date": "2026-01-16", "close": 7.48, "volume": 76679700, "typical_volume": 38512410.0, "trend": 7.334667, "fair_value": 7.673269, "relative_strength": -1.559864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.204345, "energy": 16.67692, "activity_lines": [ 7.762, 7.986182, 7.874857, 7.691269 ] }, { "date": "2026-01-23", "close": 7.94, "volume": 37484900, "typical_volume": 38545625.0, "trend": 7.402, "fair_value": 7.680449, "relative_strength": -3.803476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.320786, "energy": 15.135062, "activity_lines": [ 7.817333, 7.943636, 7.893143, 7.730323 ] }, { "date": "2026-01-30", "close": 8.07, "volume": 48983800, "typical_volume": 38816530.0, "trend": 7.461333, "fair_value": 7.690064, "relative_strength": -3.570136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.218239, "energy": 15.335409, "activity_lines": [ 7.907333, 7.933455, 7.924619, 7.773419 ] }, { "date": "2026-02-06", "close": 8.94, "volume": 43849200, "typical_volume": 39516835.0, "trend": 7.556333, "fair_value": 7.708141, "relative_strength": 5.673535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.292528, "energy": 33.717023, "activity_lines": [ 8.262, 8.087091, 8.036524, 7.868817 ] }, { "date": "2026-02-13", "close": 9.79, "volume": 49137400, "typical_volume": 39822900.0, "trend": 7.684333, "fair_value": 7.730385, "relative_strength": 13.197822, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.119866, "energy": 72.707938, "activity_lines": [ 8.818667, 8.401818, 8.224429, 8.012925 ] }, { "date": "2026-02-20", "close": 10.34, "volume": 16863700, "typical_volume": 38239540.0, "trend": 7.825667, "fair_value": 7.757179, "relative_strength": 16.562762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.535916, "energy": 85.72709, "activity_lines": [ 9.450667, 8.792545, 8.452905, 8.184258 ] }, { "date": "2026-02-27", "close": 10.24, "volume": 35127800, "typical_volume": 36994310.0, "trend": 7.967333, "fair_value": 7.787372, "relative_strength": 15.666901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.141219, "energy": 89.659879, "activity_lines": [ 9.858667, 9.128, 8.65719, 8.340022 ] }, { "date": "2026-03-06", "close": 9.3, "volume": 40813700, "typical_volume": 37223630.0, "trend": 8.061, "fair_value": 7.805769, "relative_strength": 9.94951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.708883, "energy": 82.593743, "activity_lines": [ 9.8, 9.248364, 8.753, 8.426 ] }, { "date": "2026-03-13", "close": 7.68, "volume": 81418400, "typical_volume": 39497190.0, "trend": 8.078333, "fair_value": 7.808462, "relative_strength": -8.488562, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.315031, "energy": 35.525113, "activity_lines": [ 9.119333, 9.044909, 8.680952, 8.401419 ] }, { "date": "2026-03-20", "close": 7.16, "volume": 43488500, "typical_volume": 39550890.0, "trend": 8.067, "fair_value": 7.808846, "relative_strength": -14.079542, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 2.260571, "energy": 12.836495, "activity_lines": [ 8.349333, 8.747636, 8.556714, 8.342172 ] }, { "date": "2026-03-27", "close": 7.66, "volume": 40323700, "typical_volume": 40370775.0, "trend": 8.069333, "fair_value": 7.817051, "relative_strength": -10.882378, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -10.799778, "energy": 27.795616, "activity_lines": [ 7.921333, 8.559636, 8.482, 8.315914 ] }, { "date": "2026-04-03", "close": 7.93, "volume": 36614600, "typical_volume": 39449840.0, "trend": 8.063333, "fair_value": 7.825641, "relative_strength": -11.034479, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.165182, "energy": 31.825232, "activity_lines": [ 7.762, 8.417455, 8.433143, 8.306925 ] }, { "date": "2026-04-10", "close": 7.8, "volume": 66170600, "typical_volume": 41388070.0, "trend": 8.071333, "fair_value": 7.827885, "relative_strength": -16.635801, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.250781, "energy": 29.363561, "activity_lines": [ 7.713333, 8.251818, 8.374238, 8.289935 ] }, { "date": "2026-04-17", "close": 7.69, "volume": 38903900, "typical_volume": 41606470.0, "trend": 8.064333, "fair_value": 7.833397, "relative_strength": -17.020172, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.195861, "energy": 30.70027, "activity_lines": [ 7.728, 8.071091, 8.307619, 8.265333 ] }, { "date": "2026-04-24", "close": 7.3, "volume": 31960400, "typical_volume": 41008365.0, "trend": 8.064, "fair_value": 7.834038, "relative_strength": -18.935234, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.450827, "energy": 29.81265, "activity_lines": [ 7.612, 7.842182, 8.211524, 8.216022 ] }, { "date": "2026-05-01", "close": 6.92, "volume": 42821500, "typical_volume": 41360380.0, "trend": 8.052667, "fair_value": 7.826346, "relative_strength": -21.539183, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.415712, "energy": 43.241591, "activity_lines": [ 7.36, 7.589455, 8.08481, 8.142215 ] }, { "date": "2026-05-08", "close": 6.69, "volume": 42051100, "typical_volume": 41627110.0, "trend": 8.067, "fair_value": 7.812372, "relative_strength": -22.708944, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.122859, "energy": 65.797003, "activity_lines": [ 7.080667, 7.357091, 7.942762, 8.054301 ] }, { "date": "2026-05-15", "close": 6.22, "volume": 63525000, "typical_volume": 44004750.0, "trend": 8.059333, "fair_value": 7.789231, "relative_strength": -25.215389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.461493, "energy": 78.887698, "activity_lines": [ 6.727333, 7.103818, 7.761286, 7.93514 ] }, { "date": "2026-05-22", "close": 6.03, "volume": 44533300, "typical_volume": 45510170.0, "trend": 8.023, "fair_value": 7.764295, "relative_strength": -26.981129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.871985, "energy": 82.479427, "activity_lines": [ 6.416, 6.872, 7.568714, 7.804215 ] }, { "date": "2026-05-29", "close": 5.85, "volume": 36611100, "typical_volume": 45868115.0, "trend": 7.966, "fair_value": 7.732885, "relative_strength": -28.027537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.987956, "energy": 83.070497, "activity_lines": [ 6.155333, 6.637455, 7.367048, 7.664022 ] }, { "date": "2026-06-05", "close": 5.6, "volume": 9896000, "typical_volume": 42528930.0, "trend": 7.896333, "fair_value": 7.694103, "relative_strength": -28.856124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.680224, "energy": 87.464948, "activity_lines": [ 5.908, 6.381273, 7.152619, 7.511376 ] }, { "date": "2026-06-12", "close": 5.18, "volume": 8493300, "typical_volume": 41079350.0, "trend": 7.788333, "fair_value": 7.652308, "relative_strength": -34.689039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.251885, "energy": 91.987676, "activity_lines": [ 5.608667, 6.086182, 6.907143, 7.336129 ] }, { "date": "2026-06-19", "close": 4.92, "volume": 3994900, "typical_volume": 38829905.0, "trend": 7.673, "fair_value": 7.612564, "relative_strength": -36.670149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.564018, "energy": 92.720875, "activity_lines": [ 5.323333, 5.793818, 6.650048, 7.151075 ] }, { "date": "2026-06-26", "close": 5.24, "volume": 4546600, "typical_volume": 36864775.0, "trend": 7.537667, "fair_value": 7.571987, "relative_strength": -34.029508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.090036, "energy": 87.643824, "activity_lines": [ 5.231333, 5.612, 6.438429, 6.994108 ] }, { "date": "2026-07-03", "close": 5.43, "volume": 4917500, "typical_volume": 34653780.0, "trend": 7.436333, "fair_value": 7.521603, "relative_strength": -31.636879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.576756, "energy": 86.200143, "activity_lines": [ 5.255333, 5.509273, 6.262524, 6.858129 ] }, { "date": "2026-07-10", "close": 5.01, "volume": 52498000, "typical_volume": 36435495.0, "trend": 7.326667, "fair_value": 7.471346, "relative_strength": -37.766697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.715178, "energy": 83.93102, "activity_lines": [ 5.167333, 5.364182, 6.067381, 6.701591 ] }, { "date": "2026-07-17", "close": 4.68, "volume": 54299700, "typical_volume": 37394090.0, "trend": 7.222333, "fair_value": 7.413205, "relative_strength": -40.026197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.840531, "energy": 78.943512, "activity_lines": [ 5.008667, 5.193818, 5.86619, 6.530839 ] }, { "date": "2026-07-24", "close": 4.46, "volume": 48199600, "typical_volume": 37763385.0, "trend": 7.114667, "fair_value": 7.352436, "relative_strength": -42.459079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.074299, "energy": 74.464124, "activity_lines": [ 4.81, 5.02, 5.670524, 6.352624 ] }, { "date": "2026-07-31", "close": 4.74, "volume": 42419100, "typical_volume": 35813420.0, "trend": 7.015333, "fair_value": 7.293462, "relative_strength": -39.721987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.071485, "energy": 72.081715, "activity_lines": [ 4.735333, 4.929091, 5.524571, 6.199419 ] }, { "date": "2026-08-07", "close": 4.46, "volume": 50254800, "typical_volume": 36151735.0, "trend": 6.891667, "fair_value": 7.236795, "relative_strength": -40.915865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.854769, "energy": 74.866032, "activity_lines": [ 4.600667, 4.810727, 5.365952, 6.034559 ] } ], "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." } } }