{ "ticker": { "uuid": "e0b012f1-093a-4d45-8726-2f9fc1e76906", "symbol": "LIGT3", "name": "Light 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": -43.233, "architecture_energy": 30.109, "architecture_maturity": 85.741, "architecture_confidence": 77.208, "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": 35.73, "rotation_up": 26.88, "upward_expansion": 20.52, "deceleration": 46.42, "rotation_down": 30.79, "downward_expansion": 56.85 }, "activity_lines": [ 3.178, 3.147818, 3.336, 3.679118 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 3.1, "trend_reference": 4.086333, "distance_from_trend": -0.241374, "trend_direction": "Weakening", "fair_value": 5.174182, "distance_from_fair_value": -0.400871, "fair_value_direction": "Weakening", "relative_strength": -36.327375, "relative_strength_direction": "Weakening", "price_momentum": -0.378758, "excess_performance": -0.321709, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.241374, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.13845, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.400871, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.157825, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.363274, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002878, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.378758, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.338922, "read": "Supply-led" } ], "volume": { "latest": 11900800, "relative_activity": 1.223103, "balance": 0.338922, "dry_up": 1.273987, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.169479, "annualized_volatility": 0.65822, "from_high_reference": -0.592105, "from_low_reference": 0.27572 }, "levels": { "trend_reference": 4.086333, "fair_value_reference": 5.174182, "structural_low": 2.43, "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": 40, "median_return": -0.021931, "positive_rate": 0.425, "directional_follow_through": 0.55, "median_excess_return": -0.016972, "regime_survival": 0.85, "best_return": 0.878049, "worst_return": -0.380282, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.037105, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.11086, "regime_survival": 0.714286, "best_return": 3.430769, "worst_return": -0.549654, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.224014, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.136515, "regime_survival": 0.571429, "best_return": 0.995381, "worst_return": -0.438972, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.0073, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.233228, "regime_survival": 0.75, "best_return": 0.548387, "worst_return": -0.615236, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-03-21", "tenure": "Established", "return": 0.073563, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-18", "tenure": "New", "return": 0.026374, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.058252, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-07-18", "tenure": "Developing", "return": -0.0623, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-10-17", "tenure": "Established", "return": -0.153719, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-11-07", "tenure": "New", "return": 0.179487, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": -0.105634, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-02-20", "tenure": "Developing", "return": 0.053533, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.091278, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": 0.158351, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": -0.052065, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.060429, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": -0.057554, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.111111, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.66, "volume": 11084200, "typical_volume": 44496480.0, "trend": 4.765333, "fair_value": 10.842658, "relative_strength": 30.288995, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.030142, "energy": 26.944412, "activity_lines": [ 7.140667, 7.665636, 6.910857, 5.907849 ] }, { "date": "2023-08-25", "close": 6.48, "volume": 7166800, "typical_volume": 41999350.0, "trend": 4.837333, "fair_value": 10.791702, "relative_strength": 26.103248, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.461437, "energy": 28.332283, "activity_lines": [ 6.822, 7.403273, 6.976048, 6.018473 ] }, { "date": "2023-09-01", "close": 6.24, "volume": 6545000, "typical_volume": 40344465.0, "trend": 4.94, "fair_value": 10.739747, "relative_strength": 19.297318, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.172576, "energy": 27.419064, "activity_lines": [ 6.538, 7.107273, 6.99681, 6.108968 ] }, { "date": "2023-09-08", "close": 5.68, "volume": 11630500, "typical_volume": 38492925.0, "trend": 5.045333, "fair_value": 10.688161, "relative_strength": 11.123009, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.183784, "energy": 19.513514, "activity_lines": [ 6.184, 6.752909, 6.944286, 6.15671 ] }, { "date": "2023-09-15", "close": 5.82, "volume": 11972200, "typical_volume": 35253135.0, "trend": 5.151333, "fair_value": 10.637953, "relative_strength": 10.626834, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.461708, "energy": 22.624387, "activity_lines": [ 6.010667, 6.493455, 6.887952, 6.206688 ] }, { "date": "2023-09-22", "close": 5.74, "volume": 6554100, "typical_volume": 31132440.0, "trend": 5.259667, "fair_value": 10.588132, "relative_strength": 11.897029, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.502281, "energy": 29.039693, "activity_lines": [ 5.865333, 6.270727, 6.811619, 6.244667 ] }, { "date": "2023-09-29", "close": 5.9, "volume": 7416200, "typical_volume": 26377440.0, "trend": 5.381, "fair_value": 10.536157, "relative_strength": 14.390827, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.394409, "energy": 43.565541, "activity_lines": [ 5.834667, 6.122727, 6.741095, 6.285978 ] }, { "date": "2023-10-06", "close": 5.42, "volume": 5332900, "typical_volume": 21409395.0, "trend": 5.479, "fair_value": 10.461251, "relative_strength": 7.431423, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -16.3353, "energy": 52.083453, "activity_lines": [ 5.682667, 5.929273, 6.615095, 6.288495 ] }, { "date": "2023-10-13", "close": 5.36, "volume": 3015800, "typical_volume": 19832980.0, "trend": 5.577, "fair_value": 10.383381, "relative_strength": 4.837361, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.710814, "energy": 57.665035, "activity_lines": [ 5.565333, 5.771636, 6.478, 6.280817 ] }, { "date": "2023-10-20", "close": 5.68, "volume": 7516500, "typical_volume": 18832435.0, "trend": 5.689, "fair_value": 10.304802, "relative_strength": 13.335302, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.34239, "energy": 37.242113, "activity_lines": [ 5.576, 5.714545, 6.369286, 6.287462 ] }, { "date": "2023-10-27", "close": 5.51, "volume": 6350900, "typical_volume": 17188600.0, "trend": 5.791333, "fair_value": 10.224415, "relative_strength": 9.776497, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.814003, "energy": 34.851546, "activity_lines": [ 5.539333, 5.644, 6.239667, 6.275914 ] }, { "date": "2023-11-03", "close": 5.6, "volume": 3152900, "typical_volume": 15027395.0, "trend": 5.913, "fair_value": 10.126849, "relative_strength": 7.072163, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.731875, "energy": 30.503062, "activity_lines": [ 5.548, 5.610727, 6.120333, 6.26357 ] }, { "date": "2023-11-10", "close": 6.06, "volume": 3416200, "typical_volume": 12562840.0, "trend": 6.046667, "fair_value": 10.029233, "relative_strength": 13.480953, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.350554, "energy": 18.344485, "activity_lines": [ 5.73, 5.677091, 6.051619, 6.273054 ] }, { "date": "2023-11-17", "close": 6.53, "volume": 5259200, "typical_volume": 10485420.0, "trend": 6.195, "fair_value": 9.933969, "relative_strength": 17.801862, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 1.916499, "energy": 9.805617, "activity_lines": [ 6.026, 5.832182, 6.039905, 6.304237 ] }, { "date": "2023-11-24", "close": 6.03, "volume": 3638800, "typical_volume": 8844815.0, "trend": 6.288667, "fair_value": 9.833521, "relative_strength": 8.567163, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.388789, "energy": 11.875423, "activity_lines": [ 6.077333, 5.880909, 5.994714, 6.293591 ] }, { "date": "2023-12-01", "close": 5.98, "volume": 3329000, "typical_volume": 8035010.0, "trend": 6.362667, "fair_value": 9.731553, "relative_strength": 5.676709, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.342883, "energy": 21.742599, "activity_lines": [ 6.088667, 5.916727, 5.95719, 6.273677 ] }, { "date": "2023-12-08", "close": 6.29, "volume": 5033400, "typical_volume": 7273940.0, "trend": 6.444, "fair_value": 9.630612, "relative_strength": 11.834114, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -11.465498, "energy": 16.342294, "activity_lines": [ 6.172, 6.004545, 5.96, 6.268989 ] }, { "date": "2023-12-15", "close": 6.54, "volume": 5826600, "typical_volume": 7023400.0, "trend": 6.519, "fair_value": 9.531574, "relative_strength": 13.21823, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -0.252277, "energy": 9.744596, "activity_lines": [ 6.292667, 6.130727, 5.995714, 6.275183 ] }, { "date": "2023-12-22", "close": 6.47, "volume": 6889100, "typical_volume": 6806180.0, "trend": 6.570667, "fair_value": 9.428368, "relative_strength": 9.639164, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -1.847816, "energy": 11.711079, "activity_lines": [ 6.358, 6.223818, 6.031667, 6.272022 ] }, { "date": "2023-12-29", "close": 8.0, "volume": 6160000, "typical_volume": 6364515.0, "trend": 6.681, "fair_value": 9.33389, "relative_strength": 33.109408, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 45.782562, "energy": 52.941208, "activity_lines": [ 6.937333, 6.574909, 6.219143, 6.364237 ] }, { "date": "2024-01-05", "close": 6.53, "volume": 7946700, "typical_volume": 6207640.0, "trend": 6.703, "fair_value": 9.225621, "relative_strength": 9.972908, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.341711, "energy": 37.729213, "activity_lines": [ 6.895333, 6.616545, 6.260143, 6.354495 ] }, { "date": "2024-01-12", "close": 6.4, "volume": 6548600, "typical_volume": 6176730.0, "trend": 6.682, "fair_value": 9.123242, "relative_strength": 8.22663, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.790406, "energy": 26.470733, "activity_lines": [ 6.773333, 6.616, 6.289381, 6.334946 ] }, { "date": "2024-01-19", "close": 6.18, "volume": 3519000, "typical_volume": 6025430.0, "trend": 6.600333, "fair_value": 9.040423, "relative_strength": 6.774009, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.725746, "energy": 13.716986, "activity_lines": [ 6.570667, 6.560909, 6.298048, 6.302559 ] }, { "date": "2024-01-26", "close": 6.3, "volume": 3065700, "typical_volume": 5597190.0, "trend": 6.493667, "fair_value": 8.953994, "relative_strength": 7.248632, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.881672, "energy": 8.888897, "activity_lines": [ 6.432, 6.525455, 6.318429, 6.283183 ] }, { "date": "2024-02-02", "close": 5.78, "volume": 5083600, "typical_volume": 5252760.0, "trend": 6.398333, "fair_value": 8.859482, "relative_strength": -0.90543, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.122702, "energy": 18.255214, "activity_lines": [ 6.131333, 6.399636, 6.286333, 6.23714 ] }, { "date": "2024-02-09", "close": 5.45, "volume": 4223500, "typical_volume": 5136230.0, "trend": 6.305, "fair_value": 8.768407, "relative_strength": -7.923002, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.15873, "energy": 35.902051, "activity_lines": [ 5.868667, 6.218364, 6.223, 6.175957 ] }, { "date": "2024-02-16", "close": 5.5, "volume": 2654100, "typical_volume": 4898125.0, "trend": 6.215, "fair_value": 8.680057, "relative_strength": -8.292071, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.446215, "energy": 51.651245, "activity_lines": [ 5.694667, 6.055818, 6.16581, 6.124022 ] }, { "date": "2024-02-23", "close": 5.29, "volume": 6940400, "typical_volume": 4978500.0, "trend": 6.125, "fair_value": 8.600415, "relative_strength": -12.890031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.641444, "energy": 60.275206, "activity_lines": [ 5.510667, 5.869455, 6.090524, 6.064344 ] }, { "date": "2024-03-01", "close": 5.29, "volume": 8643000, "typical_volume": 5259860.0, "trend": 6.045, "fair_value": 8.518368, "relative_strength": -13.409935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.968198, "energy": 58.593106, "activity_lines": [ 5.386, 5.705818, 6.015857, 6.010473 ] }, { "date": "2024-03-08", "close": 5.22, "volume": 2967200, "typical_volume": 5032395.0, "trend": 5.997667, "fair_value": 8.435316, "relative_strength": -13.73902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.204262, "energy": 60.093, "activity_lines": [ 5.305333, 5.550909, 5.934857, 5.957247 ] }, { "date": "2024-03-15", "close": 5.18, "volume": 2233900, "typical_volume": 4826545.0, "trend": 5.948333, "fair_value": 8.350652, "relative_strength": -14.767779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.424881, "energy": 57.605898, "activity_lines": [ 5.248667, 5.439273, 5.852238, 5.904495 ] }, { "date": "2024-03-22", "close": 5.2, "volume": 3127300, "typical_volume": 4825265.0, "trend": 5.905667, "fair_value": 8.265375, "relative_strength": -15.224325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.377392, "energy": 52.570388, "activity_lines": [ 5.216667, 5.355818, 5.773095, 5.856215 ] }, { "date": "2024-03-29", "close": 5.16, "volume": 4033200, "typical_volume": 4856115.0, "trend": 5.869667, "fair_value": 8.17318, "relative_strength": -17.123974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.662247, "energy": 56.536988, "activity_lines": [ 5.191333, 5.286909, 5.692048, 5.808108 ] }, { "date": "2024-04-05", "close": 5.25, "volume": 7213800, "typical_volume": 4953845.0, "trend": 5.855333, "fair_value": 8.084338, "relative_strength": -15.543958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.231355, "energy": 52.534325, "activity_lines": [ 5.204667, 5.252909, 5.623857, 5.768129 ] }, { "date": "2024-04-12", "close": 5.17, "volume": 6460400, "typical_volume": 5094925.0, "trend": 5.833667, "fair_value": 8.00035, "relative_strength": -16.978908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.307535, "energy": 46.041567, "activity_lines": [ 5.194, 5.223455, 5.554143, 5.723914 ] }, { "date": "2024-04-19", "close": 5.1, "volume": 4905000, "typical_volume": 5173725.0, "trend": 5.812333, "fair_value": 7.917454, "relative_strength": -18.227445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.920134, "energy": 44.557625, "activity_lines": [ 5.163333, 5.192364, 5.481857, 5.676581 ] }, { "date": "2024-04-26", "close": 5.01, "volume": 2602200, "typical_volume": 5052165.0, "trend": 5.782667, "fair_value": 7.83952, "relative_strength": -20.828272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.493825, "energy": 42.112469, "activity_lines": [ 5.108, 5.151273, 5.40519, 5.624817 ] }, { "date": "2024-05-03", "close": 4.95, "volume": 2032900, "typical_volume": 4862480.0, "trend": 5.767, "fair_value": 7.76497, "relative_strength": -23.065126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.418845, "energy": 50.978825, "activity_lines": [ 5.045333, 5.108182, 5.328905, 5.571097 ] }, { "date": "2024-05-10", "close": 5.13, "volume": 3953100, "typical_volume": 4715680.0, "trend": 5.759333, "fair_value": 7.692956, "relative_strength": -19.844447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.372169, "energy": 42.163076, "activity_lines": [ 5.056667, 5.104, 5.277333, 5.53 ] }, { "date": "2024-05-17", "close": 4.92, "volume": 6286600, "typical_volume": 4722010.0, "trend": 5.734, "fair_value": 7.61589, "relative_strength": -23.44606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.093763, "energy": 41.759558, "activity_lines": [ 5.006, 5.064545, 5.212143, 5.475849 ] }, { "date": "2024-05-24", "close": 5.09, "volume": 10213300, "typical_volume": 4835340.0, "trend": 5.72, "fair_value": 7.540479, "relative_strength": -18.244091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.339489, "energy": 35.74013, "activity_lines": [ 5.028667, 5.061455, 5.17781, 5.434301 ] }, { "date": "2024-05-31", "close": 5.0, "volume": 5806200, "typical_volume": 4798220.0, "trend": 5.7, "fair_value": 7.468197, "relative_strength": -18.214852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.27064, "energy": 33.647317, "activity_lines": [ 5.022, 5.043636, 5.141762, 5.387849 ] }, { "date": "2024-06-07", "close": 5.71, "volume": 11337800, "typical_volume": 5189160.0, "trend": 5.688333, "fair_value": 7.403858, "relative_strength": -5.467369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.021497, "energy": 10.560111, "activity_lines": [ 5.252667, 5.158545, 5.18, 5.388495 ] }, { "date": "2024-06-14", "close": 5.29, "volume": 9589700, "typical_volume": 5515360.0, "trend": 5.647, "fair_value": 7.338271, "relative_strength": -11.099675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.637058, "energy": 13.092321, "activity_lines": [ 5.292667, 5.187091, 5.180476, 5.362796 ] }, { "date": "2024-06-21", "close": 5.07, "volume": 3274600, "typical_volume": 5424910.0, "trend": 5.615, "fair_value": 7.27184, "relative_strength": -14.964527, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.534451, "energy": 14.084266, "activity_lines": [ 5.248667, 5.174909, 5.16481, 5.32557 ] }, { "date": "2024-06-28", "close": 4.98, "volume": 4604400, "typical_volume": 5443955.0, "trend": 5.581667, "fair_value": 7.208726, "relative_strength": -16.894367, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.848855, "energy": 14.450668, "activity_lines": [ 5.164667, 5.148182, 5.143952, 5.284602 ] }, { "date": "2024-07-05", "close": 5.02, "volume": 4272200, "typical_volume": 5524860.0, "trend": 5.539333, "fair_value": 7.147941, "relative_strength": -16.702541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.320217, "energy": 22.353656, "activity_lines": [ 5.101333, 5.130909, 5.129143, 5.248366 ] }, { "date": "2024-07-12", "close": 5.08, "volume": 1868700, "typical_volume": 5271275.0, "trend": 5.490667, "fair_value": 7.082893, "relative_strength": -16.39351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.614188, "energy": 24.827977, "activity_lines": [ 5.056667, 5.124364, 5.122333, 5.218731 ] }, { "date": "2024-07-19", "close": 4.54, "volume": 3849900, "typical_volume": 5031620.0, "trend": 5.426333, "fair_value": 7.012939, "relative_strength": -23.51247, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.061753, "energy": 51.959037, "activity_lines": [ 4.874, 5.017273, 5.065095, 5.157398 ] }, { "date": "2024-07-26", "close": 4.4, "volume": 4153600, "typical_volume": 5090940.0, "trend": 5.306333, "fair_value": 6.950064, "relative_strength": -24.805131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.94782, "energy": 62.612966, "activity_lines": [ 4.694667, 4.895455, 4.998095, 5.091183 ] }, { "date": "2024-08-02", "close": 4.2, "volume": 7494700, "typical_volume": 5353980.0, "trend": 5.228667, "fair_value": 6.887729, "relative_strength": -26.332798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.554047, "energy": 70.112089, "activity_lines": [ 4.493333, 4.746727, 4.915952, 5.019806 ] }, { "date": "2024-08-09", "close": 4.25, "volume": 4560000, "typical_volume": 5425615.0, "trend": 5.157, "fair_value": 6.819119, "relative_strength": -27.442945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.44787, "energy": 73.159522, "activity_lines": [ 4.360667, 4.623273, 4.843238, 4.956667 ] }, { "date": "2024-08-16", "close": 5.08, "volume": 5948300, "typical_volume": 5521370.0, "trend": 5.120333, "fair_value": 6.758593, "relative_strength": -14.710558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.744524, "energy": 46.959252, "activity_lines": [ 4.556, 4.664364, 4.854095, 4.951699 ] }, { "date": "2024-08-23", "close": 6.0, "volume": 15121000, "typical_volume": 5916730.0, "trend": 5.110333, "fair_value": 6.701452, "relative_strength": 0.012039, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -3.009255, "energy": 6.421493, "activity_lines": [ 5.058, 4.884182, 4.952952, 5.008452 ] }, { "date": "2024-08-30", "close": 6.4, "volume": 6532800, "typical_volume": 5920350.0, "trend": 5.131, "fair_value": 6.655418, "relative_strength": 6.641091, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.495906, "energy": 38.58454, "activity_lines": [ 5.596, 5.163818, 5.086333, 5.091656 ] }, { "date": "2024-09-06", "close": 8.05, "volume": 22876300, "typical_volume": 6818915.0, "trend": 5.217667, "fair_value": 6.619522, "relative_strength": 34.940711, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.687862, "energy": 84.475773, "activity_lines": [ 6.550667, 5.719273, 5.371, 5.279978 ] }, { "date": "2024-09-13", "close": 8.04, "volume": 5280100, "typical_volume": 6952810.0, "trend": 5.302333, "fair_value": 6.582619, "relative_strength": 33.847825, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.412472, "energy": 94.987496, "activity_lines": [ 7.245333, 6.217091, 5.640667, 5.462065 ] }, { "date": "2024-09-20", "close": 7.71, "volume": 2966200, "typical_volume": 6999475.0, "trend": 5.383, "fair_value": 6.544354, "relative_strength": 31.561115, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.475184, "energy": 90.135937, "activity_lines": [ 7.577333, 6.6, 5.864476, 5.617398 ] }, { "date": "2024-09-27", "close": 7.01, "volume": 2756800, "typical_volume": 6939660.0, "trend": 5.440333, "fair_value": 6.505308, "relative_strength": 18.004449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.56451, "energy": 85.974156, "activity_lines": [ 7.500667, 6.807818, 6.008476, 5.722366 ] }, { "date": "2024-10-04", "close": 6.61, "volume": 1946000, "typical_volume": 6722630.0, "trend": 5.486667, "fair_value": 6.467906, "relative_strength": 11.933923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.879711, "energy": 56.711937, "activity_lines": [ 7.223333, 6.898, 6.105429, 5.797828 ] }, { "date": "2024-10-11", "close": 6.35, "volume": 1776700, "typical_volume": 6300800.0, "trend": 5.525667, "fair_value": 6.426137, "relative_strength": 8.901153, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.513732, "energy": 36.651646, "activity_lines": [ 6.845333, 6.900727, 6.169571, 5.853527 ] }, { "date": "2024-10-18", "close": 6.36, "volume": 2577200, "typical_volume": 6139350.0, "trend": 5.564333, "fair_value": 6.398942, "relative_strength": 8.716972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.774126, "energy": 24.074758, "activity_lines": [ 6.584, 6.866182, 6.228667, 5.907355 ] }, { "date": "2024-10-25", "close": 4.432341, "volume": 2688553, "typical_volume": 5706887.65, "trend": 5.540078, "fair_value": 6.366551, "relative_strength": -23.403961, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.529603, "energy": 18.840557, "activity_lines": [ 5.792114, 6.442789, 6.097699, 5.834323 ] }, { "date": "2024-11-01", "close": 5.01, "volume": 10100101, "typical_volume": 5732407.7, "trend": 5.532078, "fair_value": 6.332524, "relative_strength": -11.908666, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.429371, "energy": 26.168518, "activity_lines": [ 5.411291, 6.136201, 6.027831, 5.800124 ] }, { "date": "2024-11-08", "close": 4.92, "volume": 2437400, "typical_volume": 5690547.7, "trend": 5.523745, "fair_value": 6.290445, "relative_strength": -12.850771, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.223922, "energy": 32.528825, "activity_lines": [ 5.133802, 5.83125, 5.950724, 5.760636 ] }, { "date": "2024-11-15", "close": 4.33, "volume": 8586200, "typical_volume": 5889637.7, "trend": 5.498078, "fair_value": 6.248415, "relative_strength": -22.66147, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.71017, "energy": 40.406647, "activity_lines": [ 4.772312, 5.445934, 5.818142, 5.68362 ] }, { "date": "2024-11-22", "close": 4.35, "volume": 3631300, "typical_volume": 5857592.7, "trend": 5.476078, "fair_value": 6.198034, "relative_strength": -22.61973, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.172042, "energy": 57.468858, "activity_lines": [ 4.552156, 5.131892, 5.690559, 5.60955 ] }, { "date": "2024-11-29", "close": 4.34, "volume": 4748900, "typical_volume": 6001602.7, "trend": 5.455745, "fair_value": 6.148217, "relative_strength": -20.245353, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.801968, "energy": 55.998416, "activity_lines": [ 4.462667, 4.883122, 5.565215, 5.536255 ] }, { "date": "2024-12-06", "close": 4.36, "volume": 2642700, "typical_volume": 5941242.7, "trend": 5.430078, "fair_value": 6.104558, "relative_strength": -19.52311, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.407771, "energy": 65.330421, "activity_lines": [ 4.386, 4.699261, 5.445299, 5.465562 ] }, { "date": "2024-12-13", "close": 4.25, "volume": 1925900, "typical_volume": 5829857.7, "trend": 5.407745, "fair_value": 6.061765, "relative_strength": -20.137964, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.134324, "energy": 72.16235, "activity_lines": [ 4.316, 4.543582, 5.315764, 5.389428 ] }, { "date": "2024-12-20", "close": 4.35, "volume": 4498200, "typical_volume": 5680032.7, "trend": 5.383078, "fair_value": 6.016974, "relative_strength": -16.08309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.371191, "energy": 61.771145, "activity_lines": [ 4.324, 4.448994, 5.196467, 5.321186 ] }, { "date": "2024-12-27", "close": 3.97, "volume": 938700, "typical_volume": 5498967.7, "trend": 5.348745, "fair_value": 5.968617, "relative_strength": -21.297869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.562786, "energy": 71.118406, "activity_lines": [ 4.204, 4.321679, 5.040265, 5.23002 ] }, { "date": "2025-01-03", "close": 4.0, "volume": 1208400, "typical_volume": 5261972.7, "trend": 5.291745, "fair_value": 5.930816, "relative_strength": -18.957831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.821622, "energy": 65.842003, "activity_lines": [ 4.119333, 4.243273, 4.888254, 5.143004 ] }, { "date": "2025-01-10", "close": 4.05, "volume": 2205700, "typical_volume": 4616207.7, "trend": 5.250411, "fair_value": 5.891137, "relative_strength": -17.6052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.68805, "energy": 61.42242, "activity_lines": [ 4.074, 4.181818, 4.746148, 5.062891 ] }, { "date": "2025-01-17", "close": 3.95, "volume": 1889400, "typical_volume": 4384037.7, "trend": 5.213078, "fair_value": 5.850315, "relative_strength": -21.344393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.873931, "energy": 65.767034, "activity_lines": [ 4.016, 4.119636, 4.603803, 4.978994 ] }, { "date": "2025-01-24", "close": 3.94, "volume": 1844300, "typical_volume": 3332437.7, "trend": 5.178411, "fair_value": 5.804278, "relative_strength": -20.988474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.027223, "energy": 76.760207, "activity_lines": [ 3.974667, 4.073273, 4.472173, 4.89686 ] }, { "date": "2025-01-31", "close": 4.13, "volume": 1492000, "typical_volume": 3143032.7, "trend": 5.148745, "fair_value": 5.762914, "relative_strength": -19.114627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.217075, "energy": 78.998077, "activity_lines": [ 4.024, 4.068545, 4.37821, 4.82922 ] }, { "date": "2025-02-07", "close": 4.02, "volume": 769100, "typical_volume": 3033177.7, "trend": 5.113411, "fair_value": 5.721158, "relative_strength": -19.918915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.577061, "energy": 72.812485, "activity_lines": [ 4.026, 4.047818, 4.292389, 4.756398 ] }, { "date": "2025-02-14", "close": 4.07, "volume": 1062100, "typical_volume": 2948442.7, "trend": 5.097745, "fair_value": 5.685879, "relative_strength": -20.783894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.343704, "energy": 70.794337, "activity_lines": [ 4.043333, 4.042, 4.228902, 4.689081 ] }, { "date": "2025-02-21", "close": 3.79, "volume": 2764300, "typical_volume": 2989357.7, "trend": 5.077411, "fair_value": 5.648303, "relative_strength": -25.203492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.958023, "energy": 60.137436, "activity_lines": [ 3.966, 3.990545, 4.152748, 4.604711 ] }, { "date": "2025-02-28", "close": 4.03, "volume": 4791400, "typical_volume": 3140092.7, "trend": 5.071745, "fair_value": 5.613772, "relative_strength": -17.33893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.388553, "energy": 51.087273, "activity_lines": [ 3.979333, 3.991091, 4.112879, 4.537136 ] }, { "date": "2025-03-07", "close": 4.12, "volume": 401900, "typical_volume": 3031327.7, "trend": 5.067411, "fair_value": 5.582394, "relative_strength": -16.676065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.977522, "energy": 42.142757, "activity_lines": [ 4.016667, 4.013818, 4.09263, 4.475733 ] }, { "date": "2025-03-14", "close": 4.07, "volume": 2382700, "typical_volume": 3016035.05, "trend": 5.033745, "fair_value": 5.549125, "relative_strength": -19.82772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.339817, "energy": 36.378971, "activity_lines": [ 4.038, 4.024727, 4.078286, 4.411384 ] }, { "date": "2025-03-21", "close": 4.67, "volume": 4601400, "typical_volume": 2741100.0, "trend": 4.989411, "fair_value": 5.514928, "relative_strength": -10.115595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.897129, "energy": 11.326446, "activity_lines": [ 4.256, 4.143455, 4.12281, 4.387916 ] }, { "date": "2025-03-28", "close": 4.55, "volume": 11073400, "typical_volume": 3172900.0, "trend": 4.927745, "fair_value": 5.476758, "relative_strength": -11.881471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.74698, "energy": 14.742613, "activity_lines": [ 4.394, 4.229091, 4.157524, 4.359567 ] }, { "date": "2025-04-04", "close": 4.83, "volume": 9444900, "typical_volume": 3215835.0, "trend": 4.820411, "fair_value": 5.4461, "relative_strength": -2.879065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.932527, "energy": 23.510921, "activity_lines": [ 4.574667, 4.354727, 4.220667, 4.353261 ] }, { "date": "2025-04-11", "close": 4.58, "volume": 5651300, "typical_volume": 3316835.0, "trend": 4.705078, "fair_value": 5.41409, "relative_strength": -7.978776, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.234405, "energy": 20.983726, "activity_lines": [ 4.618667, 4.418727, 4.257619, 4.337751 ] }, { "date": "2025-04-18", "close": 4.67, "volume": 3790600, "typical_volume": 3268920.0, "trend": 4.603745, "fair_value": 5.389566, "relative_strength": -7.378199, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.421074, "energy": 24.895167, "activity_lines": [ 4.662, 4.490909, 4.302048, 4.335488 ] }, { "date": "2025-04-25", "close": 5.15, "volume": 2842800, "typical_volume": 3278925.0, "trend": 4.541745, "fair_value": 5.365336, "relative_strength": -1.649161, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.882346, "energy": 45.834638, "activity_lines": [ 4.825333, 4.638545, 4.390619, 4.37073 ] }, { "date": "2025-05-02", "close": 5.15, "volume": 1062300, "typical_volume": 3235745.0, "trend": 4.493078, "fair_value": 5.34463, "relative_strength": -1.916822, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.170757, "energy": 46.717918, "activity_lines": [ 4.956667, 4.766545, 4.475429, 4.409972 ] }, { "date": "2025-05-09", "close": 5.02, "volume": 2835200, "typical_volume": 3152595.0, "trend": 4.448745, "fair_value": 5.328028, "relative_strength": -5.196841, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.33949, "energy": 43.14858, "activity_lines": [ 5.004667, 4.846182, 4.543571, 4.443967 ] }, { "date": "2025-05-16", "close": 5.45, "volume": 3630500, "typical_volume": 3287185.0, "trend": 4.418411, "fair_value": 5.310336, "relative_strength": 0.907475, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.161886, "energy": 61.094917, "activity_lines": [ 5.183333, 4.986, 4.649476, 4.508564 ] }, { "date": "2025-05-23", "close": 6.26, "volume": 4851800, "typical_volume": 3469355.0, "trend": 4.479333, "fair_value": 5.3004, "relative_strength": 16.792067, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.103681, "energy": 75.111499, "activity_lines": [ 5.574, 5.248909, 4.825476, 4.627376 ] }, { "date": "2025-05-30", "close": 6.2, "volume": 7178500, "typical_volume": 3717995.0, "trend": 4.519, "fair_value": 5.285528, "relative_strength": 16.098825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.686159, "energy": 74.551671, "activity_lines": [ 5.838667, 5.461091, 4.985, 4.738387 ] }, { "date": "2025-06-06", "close": 6.78, "volume": 10302800, "typical_volume": 4138665.0, "trend": 4.581, "fair_value": 5.280079, "relative_strength": 27.662891, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.397555, "energy": 81.362215, "activity_lines": [ 6.226667, 5.750909, 5.189524, 4.884258 ] }, { "date": "2025-06-13", "close": 7.02, "volume": 6016000, "typical_volume": 4347250.0, "trend": 4.670667, "fair_value": 5.273797, "relative_strength": 30.663899, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.418949, "energy": 84.714324, "activity_lines": [ 6.586, 6.043818, 5.403429, 5.041613 ] }, { "date": "2025-06-20", "close": 7.19, "volume": 2519100, "typical_volume": 4398605.0, "trend": 4.765333, "fair_value": 5.270784, "relative_strength": 33.225654, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.440634, "energy": 85.939042, "activity_lines": [ 6.868667, 6.327818, 5.618857, 5.204151 ] }, { "date": "2025-06-27", "close": 6.83, "volume": 6545200, "typical_volume": 4687410.0, "trend": 4.848333, "fair_value": 5.279951, "relative_strength": 26.187529, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.40069, "energy": 77.698935, "activity_lines": [ 6.915333, 6.498909, 5.785429, 5.337355 ] }, { "date": "2025-07-04", "close": 6.58, "volume": 6580000, "typical_volume": 4963305.0, "trend": 4.922333, "fair_value": 5.286361, "relative_strength": 17.220799, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.918022, "energy": 64.683012, "activity_lines": [ 6.840667, 6.585273, 5.91481, 5.449075 ] }, { "date": "2025-07-11", "close": 5.67, "volume": 9455300, "typical_volume": 5297855.0, "trend": 4.969667, "fair_value": 5.285912, "relative_strength": 4.820806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.735902, "energy": 38.173215, "activity_lines": [ 6.437333, 6.480182, 5.945571, 5.497312 ] }, { "date": "2025-07-18", "close": 5.87, "volume": 5460900, "typical_volume": 5331330.0, "trend": 5.020333, "fair_value": 5.287515, "relative_strength": 10.349726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.417879, "energy": 23.65332, "activity_lines": [ 6.174667, 6.402, 5.986429, 5.555398 ] }, { "date": "2025-07-25", "close": 6.05, "volume": 2686700, "typical_volume": 5445570.0, "trend": 5.089667, "fair_value": 5.292002, "relative_strength": 13.024074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.444744, "energy": 23.819248, "activity_lines": [ 6.048667, 6.341091, 6.035667, 5.621828 ] }, { "date": "2025-08-01", "close": 5.91, "volume": 3971900, "typical_volume": 5525030.0, "trend": 5.153333, "fair_value": 5.291105, "relative_strength": 10.717179, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.159049, "energy": 23.424804, "activity_lines": [ 5.952, 6.243818, 6.062381, 5.674753 ] }, { "date": "2025-08-08", "close": 6.7, "volume": 3001300, "typical_volume": 5445025.0, "trend": 5.241667, "fair_value": 5.293028, "relative_strength": 21.336656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.056784, "energy": 21.614002, "activity_lines": [ 6.18, 6.296545, 6.155571, 5.774538 ] }, { "date": "2025-08-15", "close": 6.1, "volume": 18198200, "typical_volume": 5801265.0, "trend": 5.313333, "fair_value": 5.2929, "relative_strength": 9.769697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.764388, "energy": 18.509203, "activity_lines": [ 6.2, 6.231091, 6.181952, 5.829914 ] }, { "date": "2025-08-22", "close": 6.03, "volume": 6514700, "typical_volume": 5654755.0, "trend": 5.383, "fair_value": 5.293861, "relative_strength": 7.257727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.639899, "energy": 17.926106, "activity_lines": [ 6.168, 6.165273, 6.194286, 5.876151 ] }, { "date": "2025-08-29", "close": 5.69, "volume": 6730900, "typical_volume": 5708735.0, "trend": 5.435, "fair_value": 5.292964, "relative_strength": -0.942882, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.908407, "energy": 9.28625, "activity_lines": [ 6.012, 6.055636, 6.168524, 5.895957 ] }, { "date": "2025-09-05", "close": 5.42, "volume": 9824000, "typical_volume": 6010405.0, "trend": 5.481667, "fair_value": 5.29072, "relative_strength": -5.472385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.224234, "energy": 10.859161, "activity_lines": [ 5.79, 5.924182, 6.111762, 5.894989 ] }, { "date": "2025-09-12", "close": 5.6, "volume": 6534400, "typical_volume": 6194985.0, "trend": 5.532667, "fair_value": 5.291297, "relative_strength": -1.122739, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.675006, "energy": 19.351005, "activity_lines": [ 5.660667, 5.851091, 6.068571, 5.902624 ] }, { "date": "2025-09-19", "close": 5.98, "volume": 6605300, "typical_volume": 6472135.0, "trend": 5.605667, "fair_value": 5.291169, "relative_strength": 3.880653, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.680234, "energy": 16.068358, "activity_lines": [ 5.731333, 5.864909, 6.059429, 5.931484 ] }, { "date": "2025-09-26", "close": 6.1, "volume": 3927600, "typical_volume": 6526755.0, "trend": 5.674667, "fair_value": 5.295656, "relative_strength": 6.835857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.474272, "energy": 10.455658, "activity_lines": [ 5.85, 5.894909, 6.057762, 5.963376 ] }, { "date": "2025-10-03", "close": 5.36, "volume": 4057400, "typical_volume": 6548100.0, "trend": 5.716, "fair_value": 5.292323, "relative_strength": -4.707269, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.881778, "energy": 7.632555, "activity_lines": [ 5.717333, 5.786182, 5.980476, 5.943075 ] }, { "date": "2025-10-10", "close": 5.2, "volume": 5177300, "typical_volume": 6564375.0, "trend": 5.753667, "fair_value": 5.291618, "relative_strength": -4.679427, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.29377, "energy": 22.76895, "activity_lines": [ 5.553333, 5.660909, 5.888381, 5.909785 ] }, { "date": "2025-10-17", "close": 5.12, "volume": 7016800, "typical_volume": 6556290.0, "trend": 5.768667, "fair_value": 5.29072, "relative_strength": -7.326565, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.944432, "energy": 43.616764, "activity_lines": [ 5.377333, 5.534, 5.793714, 5.868903 ] }, { "date": "2025-10-24", "close": 5.07, "volume": 5257500, "typical_volume": 6304025.0, "trend": 5.786, "fair_value": 5.2879, "relative_strength": -9.997753, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.927941, "energy": 56.375027, "activity_lines": [ 5.216667, 5.426727, 5.699429, 5.823828 ] }, { "date": "2025-10-31", "close": 5.69, "volume": 12072800, "typical_volume": 6606865.0, "trend": 5.814667, "fair_value": 5.287002, "relative_strength": -1.214575, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.805344, "energy": 43.58645, "activity_lines": [ 5.323333, 5.450909, 5.672333, 5.817634 ] }, { "date": "2025-11-07", "close": 5.98, "volume": 10426400, "typical_volume": 7002230.0, "trend": 5.861333, "fair_value": 5.28931, "relative_strength": 0.755143, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -33.311492, "energy": 20.837856, "activity_lines": [ 5.554, 5.534, 5.67919, 5.828301 ] }, { "date": "2025-11-14", "close": 5.68, "volume": 4647000, "typical_volume": 6907320.0, "trend": 5.895, "fair_value": 5.291361, "relative_strength": -6.628169, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.397069, "energy": 17.305721, "activity_lines": [ 5.643333, 5.557273, 5.663238, 5.816602 ] }, { "date": "2025-11-21", "close": 5.31, "volume": 4264800, "typical_volume": 6791560.0, "trend": 5.900333, "fair_value": 5.288861, "relative_strength": -11.063527, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.898017, "energy": 22.863016, "activity_lines": [ 5.577333, 5.508545, 5.617524, 5.77886 ] }, { "date": "2025-11-28", "close": 5.19, "volume": 3186900, "typical_volume": 6478140.0, "trend": 5.901667, "fair_value": 5.286105, "relative_strength": -15.343714, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.45259, "energy": 22.329631, "activity_lines": [ 5.458667, 5.443273, 5.566429, 5.733032 ] }, { "date": "2025-12-05", "close": 5.08, "volume": 5586300, "typical_volume": 6484410.0, "trend": 5.903667, "fair_value": 5.287387, "relative_strength": -16.143468, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.385292, "energy": 46.56877, "activity_lines": [ 5.295333, 5.372364, 5.507143, 5.680022 ] }, { "date": "2025-12-12", "close": 4.67, "volume": 14522000, "typical_volume": 7076175.0, "trend": 5.877667, "fair_value": 5.288092, "relative_strength": -24.349174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.484546, "energy": 63.915063, "activity_lines": [ 5.036, 5.245455, 5.412571, 5.60043 ] }, { "date": "2025-12-19", "close": 4.46, "volume": 3582400, "typical_volume": 7056700.0, "trend": 5.817667, "fair_value": 5.285528, "relative_strength": -26.429942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.110171, "energy": 73.606108, "activity_lines": [ 4.794, 5.092909, 5.304571, 5.508968 ] }, { "date": "2025-12-26", "close": 4.51, "volume": 2927400, "typical_volume": 7053005.0, "trend": 5.761333, "fair_value": 5.284759, "relative_strength": -26.5421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.362138, "energy": 74.277918, "activity_lines": [ 4.65, 4.962909, 5.208238, 5.424602 ] }, { "date": "2026-01-02", "close": 4.72, "volume": 1724600, "typical_volume": 6229325.0, "trend": 5.692667, "fair_value": 5.287259, "relative_strength": -22.78114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.544439, "energy": 71.023899, "activity_lines": [ 4.629333, 4.882182, 5.142333, 5.357419 ] }, { "date": "2026-01-09", "close": 4.77, "volume": 3844600, "typical_volume": 6095820.0, "trend": 5.617667, "fair_value": 5.289374, "relative_strength": -23.126052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.578551, "energy": 58.051787, "activity_lines": [ 4.656667, 4.816909, 5.087762, 5.297892 ] }, { "date": "2026-01-16", "close": 4.52, "volume": 4625300, "typical_volume": 5990540.0, "trend": 5.528667, "fair_value": 5.291041, "relative_strength": -27.60914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.498097, "energy": 45.862305, "activity_lines": [ 4.621333, 4.722909, 5.015381, 5.227075 ] }, { "date": "2026-01-23", "close": 4.63, "volume": 5508200, "typical_volume": 5774750.0, "trend": 5.455333, "fair_value": 5.293028, "relative_strength": -31.457229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.081004, "energy": 39.318957, "activity_lines": [ 4.632667, 4.675455, 4.959048, 5.169097 ] }, { "date": "2026-01-30", "close": 5.09, "volume": 15164500, "typical_volume": 6206255.0, "trend": 5.405667, "fair_value": 5.3054, "relative_strength": -25.510714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.26876, "energy": 25.67667, "activity_lines": [ 4.786, 4.730727, 4.950286, 5.145527 ] }, { "date": "2026-02-06", "close": 4.99, "volume": 6379400, "typical_volume": 6194960.0, "trend": 5.383, "fair_value": 5.321233, "relative_strength": -27.422624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.935367, "energy": 20.597007, "activity_lines": [ 4.867333, 4.771818, 4.934429, 5.11871 ] }, { "date": "2026-02-13", "close": 4.81, "volume": 7106600, "typical_volume": 6353910.0, "trend": 5.347667, "fair_value": 5.335143, "relative_strength": -31.149548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.504725, "energy": 17.598478, "activity_lines": [ 4.870667, 4.783818, 4.906143, 5.081742 ] }, { "date": "2026-02-20", "close": 4.92, "volume": 1881000, "typical_volume": 6245090.0, "trend": 5.31, "fair_value": 5.35072, "relative_strength": -30.937906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.71595, "energy": 18.506265, "activity_lines": [ 4.908, 4.820727, 4.894476, 5.054151 ] }, { "date": "2026-02-27", "close": 4.93, "volume": 7731300, "typical_volume": 6372790.0, "trend": 5.277333, "fair_value": 5.367836, "relative_strength": -29.9155, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.099735, "energy": 14.512055, "activity_lines": [ 4.922, 4.854909, 4.885857, 5.029634 ] }, { "date": "2026-03-06", "close": 4.68, "volume": 8605000, "typical_volume": 6452200.0, "trend": 5.21, "fair_value": 5.381938, "relative_strength": -29.725887, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.569854, "energy": 22.258036, "activity_lines": [ 4.832667, 4.835091, 4.854714, 4.991097 ] }, { "date": "2026-03-13", "close": 4.5, "volume": 7756600, "typical_volume": 6577155.0, "trend": 5.156667, "fair_value": 5.395271, "relative_strength": -31.556695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.02046, "energy": 30.677119, "activity_lines": [ 4.710667, 4.779455, 4.808524, 4.94529 ] }, { "date": "2026-03-20", "close": 4.48, "volume": 6043700, "typical_volume": 6275700.0, "trend": 5.105, "fair_value": 5.409118, "relative_strength": -30.952504, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.828356, "energy": 43.129229, "activity_lines": [ 4.614667, 4.724182, 4.763143, 4.901634 ] }, { "date": "2026-03-27", "close": 4.61, "volume": 6634300, "typical_volume": 6086095.0, "trend": 5.069, "fair_value": 5.423028, "relative_strength": -30.708408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.467996, "energy": 45.834583, "activity_lines": [ 4.584, 4.697818, 4.735905, 4.869699 ] }, { "date": "2026-04-03", "close": 5.34, "volume": 7037600, "typical_volume": 6205625.0, "trend": 5.066333, "fair_value": 5.444759, "relative_strength": -22.117489, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.752661, "energy": 6.686352, "activity_lines": [ 4.817333, 4.802545, 4.784714, 4.887183 ] }, { "date": "2026-04-10", "close": 5.57, "volume": 9506000, "typical_volume": 6467685.0, "trend": 5.065333, "fair_value": 5.467323, "relative_strength": -22.266874, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.750788, "energy": 20.334123, "activity_lines": [ 5.1, 4.936182, 4.857048, 4.919677 ] }, { "date": "2026-04-17", "close": 5.28, "volume": 2654600, "typical_volume": 6441070.0, "trend": 5.042, "fair_value": 5.487836, "relative_strength": -25.357926, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.539435, "energy": 24.678637, "activity_lines": [ 5.226667, 5.008364, 4.900524, 4.933527 ] }, { "date": "2026-04-24", "close": 5.13, "volume": 1721700, "typical_volume": 6247840.0, "trend": 5.009667, "fair_value": 5.500079, "relative_strength": -25.130327, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.883223, "energy": 27.059906, "activity_lines": [ 5.251333, 5.048, 4.929286, 4.939204 ] }, { "date": "2026-05-01", "close": 4.82, "volume": 6481000, "typical_volume": 5845790.0, "trend": 4.991667, "fair_value": 5.506874, "relative_strength": -27.88977, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.910463, "energy": 30.039355, "activity_lines": [ 5.129333, 5.025455, 4.928286, 4.926968 ] }, { "date": "2026-05-08", "close": 4.17, "volume": 8636000, "typical_volume": 6098470.0, "trend": 4.957333, "fair_value": 5.508925, "relative_strength": -36.039621, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.867399, "energy": 26.689182, "activity_lines": [ 4.776667, 4.886545, 4.864667, 4.873957 ] }, { "date": "2026-05-15", "close": 3.93, "volume": 10465200, "typical_volume": 6475360.0, "trend": 4.917667, "fair_value": 5.506618, "relative_strength": -36.817643, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.178056, "energy": 54.827629, "activity_lines": [ 4.422, 4.717818, 4.779571, 4.807677 ] }, { "date": "2026-05-22", "close": 2.79, "volume": 37829200, "typical_volume": 8280590.0, "trend": 4.841667, "fair_value": 5.492964, "relative_strength": -54.128059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.437275, "energy": 82.984173, "activity_lines": [ 3.796667, 4.355455, 4.588667, 4.670409 ] }, { "date": "2026-05-29", "close": 2.73, "volume": 25227300, "typical_volume": 9349725.0, "trend": 4.743, "fair_value": 5.4804, "relative_strength": -53.727504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.043324, "energy": 90.635685, "activity_lines": [ 3.317333, 4.013273, 4.401238, 4.534172 ] }, { "date": "2026-06-05", "close": 2.74, "volume": 3599300, "typical_volume": 9298425.0, "trend": 4.635, "fair_value": 5.460336, "relative_strength": -51.320964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.182553, "energy": 91.864386, "activity_lines": [ 3.001333, 3.704727, 4.224476, 4.404946 ] }, { "date": "2026-06-12", "close": 2.62, "volume": 5800200, "typical_volume": 9313025.0, "trend": 4.533, "fair_value": 5.432066, "relative_strength": -53.056008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.098402, "energy": 90.979631, "activity_lines": [ 2.784, 3.408364, 4.044762, 4.274946 ] }, { "date": "2026-06-19", "close": 2.85, "volume": 2562700, "typical_volume": 8682935.0, "trend": 4.451, "fair_value": 5.395015, "relative_strength": -47.05104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.780899, "energy": 87.021926, "activity_lines": [ 2.746667, 3.203273, 3.896524, 4.166366 ] }, { "date": "2026-06-26", "close": 3.37, "volume": 3435700, "typical_volume": 8535750.0, "trend": 4.390333, "fair_value": 5.35572, "relative_strength": -37.957024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.80619, "energy": 63.149935, "activity_lines": [ 2.954667, 3.142182, 3.808476, 4.096624 ] }, { "date": "2026-07-03", "close": 3.17, "volume": 2104800, "typical_volume": 8285660.0, "trend": 4.326667, "fair_value": 5.320656, "relative_strength": -40.938108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.561732, "energy": 54.293168, "activity_lines": [ 3.057333, 3.079455, 3.709095, 4.017892 ] }, { "date": "2026-07-10", "close": 3.16, "volume": 11320900, "typical_volume": 8757655.0, "trend": 4.276333, "fair_value": 5.288028, "relative_strength": -41.443403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.85119, "energy": 42.386608, "activity_lines": [ 3.127333, 3.050545, 3.616571, 3.942624 ] }, { "date": "2026-07-17", "close": 3.23, "volume": 16175300, "typical_volume": 9179855.0, "trend": 4.235333, "fair_value": 5.256169, "relative_strength": -37.712279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.016484, "energy": 33.192816, "activity_lines": [ 3.192667, 3.064545, 3.539095, 3.875118 ] }, { "date": "2026-07-24", "close": 3.17, "volume": 8822700, "typical_volume": 9190740.0, "trend": 4.190667, "fair_value": 5.225271, "relative_strength": -37.900537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.495547, "energy": 32.333097, "activity_lines": [ 3.197333, 3.084727, 3.464, 3.806387 ] }, { "date": "2026-07-31", "close": 3.26, "volume": 12684800, "typical_volume": 9437150.0, "trend": 4.142, "fair_value": 5.196874, "relative_strength": -36.461068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.766588, "energy": 28.769647, "activity_lines": [ 3.210667, 3.135091, 3.404667, 3.746344 ] }, { "date": "2026-08-07", "close": 3.1, "volume": 11900800, "typical_volume": 9730005.0, "trend": 4.086333, "fair_value": 5.174182, "relative_strength": -36.327375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.232945, "energy": 30.10874, "activity_lines": [ 3.178, 3.147818, 3.336, 3.679118 ] } ], "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." } } }