{ "ticker": { "uuid": "e1b740d4-c4c9-4858-8d2b-972faebebff3", "symbol": "INW", "name": "GBS Software AG", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.694, "architecture_energy": 59.732, "architecture_maturity": 35.769, "architecture_confidence": 81.552, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 29.11, "rotation_up": 61.16, "upward_expansion": 76.62, "deceleration": 63.18, "rotation_down": 17.89, "downward_expansion": 7.96 }, "activity_lines": [ 4.209333, 4.142545, 3.992571, 3.901849 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 4.62, "trend_reference": 3.814, "distance_from_trend": 0.211327, "trend_direction": "Improving", "fair_value": 3.111025, "distance_from_fair_value": 0.485041, "fair_value_direction": "Improving", "relative_strength": 15.788085, "relative_strength_direction": "Improving", "price_momentum": 0.196891, "excess_performance": 0.132251, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.211327, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041128, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.485041, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.248807, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.157881, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.087871, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.196891, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 26.769371, "read": "Demand-led" } ], "volume": { "latest": 8716, "relative_activity": 4.200887, "balance": 26.769371, "dry_up": 1.070103, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.045621, "annualized_volatility": 0.287491, "from_high_reference": 0.0, "from_low_reference": 0.561686 }, "levels": { "trend_reference": 3.814, "fair_value_reference": 3.111025, "structural_low": 3.3, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.016, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.003503, "regime_survival": 0.733333, "best_return": 0.270677, "worst_return": -0.10929, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.036819, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.019398, "regime_survival": 0.666667, "best_return": 0.496, "worst_return": -0.149733, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.231471, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.194629, "regime_survival": 0.666667, "best_return": 0.508064, "worst_return": -0.117647, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.330645, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.166528, "regime_survival": 0.0, "best_return": 0.330645, "worst_return": 0.330645, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-12-20", "tenure": "Established", "return": -0.05298, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": 0.132867, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": -0.136905, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.047946, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.007519, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.085938, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-15", "tenure": "Developing", "return": 0.032468, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-21", "tenure": "Established", "return": 0.155689, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-02-06", "tenure": "Developing", "return": 0.054645, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.06701, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": -0.011494, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": 0.045714, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": 0.070652, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.166667, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2.294611, "volume": 0, "typical_volume": 1221.75, "trend": 2.119513, "fair_value": 2.759831, "relative_strength": 2.181633, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.715626, "energy": 37.985837, "activity_lines": [ 2.305989, 2.312196, 2.223723, 2.170593 ] }, { "date": "2023-08-25", "close": 2.294611, "volume": 0, "typical_volume": 1221.75, "trend": 2.126466, "fair_value": 2.75357, "relative_strength": 2.195792, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.636006, "energy": 31.604811, "activity_lines": [ 2.298404, 2.314609, 2.237269, 2.181889 ] }, { "date": "2023-09-01", "close": 2.218756, "volume": 5900, "typical_volume": 1516.75, "trend": 2.130891, "fair_value": 2.747431, "relative_strength": -2.033442, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.537335, "energy": 22.578501, "activity_lines": [ 2.269326, 2.298404, 2.242145, 2.187843 ] }, { "date": "2023-09-08", "close": 2.218756, "volume": 0, "typical_volume": 1516.75, "trend": 2.135316, "fair_value": 2.740684, "relative_strength": -0.972459, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.389832, "energy": 18.861007, "activity_lines": [ 2.249098, 2.278751, 2.245938, 2.193512 ] }, { "date": "2023-09-15", "close": 2.332539, "volume": 6953, "typical_volume": 1864.4, "trend": 2.143534, "fair_value": 2.734667, "relative_strength": 3.547695, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.645016, "energy": 20.522342, "activity_lines": [ 2.271855, 2.284267, 2.259664, 2.206236 ] }, { "date": "2023-09-22", "close": 2.38943, "volume": 0, "typical_volume": 1864.4, "trend": 2.153648, "fair_value": 2.729014, "relative_strength": 8.6619, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.065586, "energy": 30.844698, "activity_lines": [ 2.311046, 2.300473, 2.277363, 2.222101 ] }, { "date": "2023-09-29", "close": 2.38943, "volume": 0, "typical_volume": 1864.4, "trend": 2.163762, "fair_value": 2.72397, "relative_strength": 10.120678, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.349276, "energy": 52.819042, "activity_lines": [ 2.343917, 2.315988, 2.293347, 2.237312 ] }, { "date": "2023-10-06", "close": 2.370466, "volume": 0, "typical_volume": 1837.6, "trend": 2.173243, "fair_value": 2.718803, "relative_strength": 10.587494, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.539061, "energy": 71.908801, "activity_lines": [ 2.364145, 2.327367, 2.305809, 2.250648 ] }, { "date": "2023-10-13", "close": 2.370466, "volume": 160, "typical_volume": 1845.6, "trend": 2.18715, "fair_value": 2.713485, "relative_strength": 11.019956, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.142105, "energy": 73.425728, "activity_lines": [ 2.374259, 2.3384, 2.316645, 2.263372 ] }, { "date": "2023-10-20", "close": 2.370466, "volume": 0, "typical_volume": 1845.6, "trend": 2.199793, "fair_value": 2.706191, "relative_strength": 13.931382, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.021477, "energy": 69.677025, "activity_lines": [ 2.374259, 2.348054, 2.325856, 2.275199 ] }, { "date": "2023-10-27", "close": 2.38943, "volume": 0, "typical_volume": 1845.6, "trend": 2.213067, "fair_value": 2.701298, "relative_strength": 15.629444, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.241827, "energy": 60.832429, "activity_lines": [ 2.378052, 2.359777, 2.335248, 2.287434 ] }, { "date": "2023-11-03", "close": 2.408394, "volume": 867, "typical_volume": 1888.75, "trend": 2.226974, "fair_value": 2.696375, "relative_strength": 12.64143, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.518588, "energy": 54.048904, "activity_lines": [ 2.388166, 2.373225, 2.34482, 2.300035 ] }, { "date": "2023-11-10", "close": 2.427357, "volume": 0, "typical_volume": 1888.75, "trend": 2.241513, "fair_value": 2.686559, "relative_strength": 12.996074, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.218289, "energy": 63.208455, "activity_lines": [ 2.403337, 2.388051, 2.354392, 2.312963 ] }, { "date": "2023-11-17", "close": 2.427357, "volume": 0, "typical_volume": 1338.55, "trend": 2.254787, "fair_value": 2.678262, "relative_strength": 8.01855, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.106651, "energy": 64.91575, "activity_lines": [ 2.414715, 2.399084, 2.362068, 2.324953 ] }, { "date": "2023-11-24", "close": 2.427357, "volume": 0, "typical_volume": 928.1, "trend": 2.268062, "fair_value": 2.670269, "relative_strength": 7.158607, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.008536, "energy": 62.55552, "activity_lines": [ 2.4223, 2.406325, 2.369924, 2.336087 ] }, { "date": "2023-12-01", "close": 2.522176, "volume": 1802, "typical_volume": 988.15, "trend": 2.284497, "fair_value": 2.661821, "relative_strength": 8.645785, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.292691, "energy": 84.651834, "activity_lines": [ 2.457699, 2.429081, 2.38645, 2.352481 ] }, { "date": "2023-12-08", "close": 2.69285, "volume": 3904, "typical_volume": 1093.4, "trend": 2.306622, "fair_value": 2.654162, "relative_strength": 13.204874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.992766, "energy": 91.91633, "activity_lines": [ 2.54114, 2.480456, 2.418417, 2.378827 ] }, { "date": "2023-12-15", "close": 3.375544, "volume": 4200, "typical_volume": 1302.65, "trend": 2.351502, "fair_value": 2.65088, "relative_strength": 41.060741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 99.813904, "energy": 99.685087, "activity_lines": [ 2.833181, 2.65044, 2.513778, 2.447789 ] }, { "date": "2023-12-22", "close": 3.337616, "volume": 1030, "typical_volume": 1241.0, "trend": 2.395119, "fair_value": 2.647355, "relative_strength": 38.947348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.512273, "energy": 99.42587, "activity_lines": [ 3.049368, 2.795254, 2.60065, 2.511409 ] }, { "date": "2023-12-29", "close": 3.20487, "volume": 1890, "typical_volume": 1335.3, "trend": 2.434311, "fair_value": 2.644498, "relative_strength": 32.354483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.392025, "energy": 92.045787, "activity_lines": [ 3.160621, 2.898347, 2.669912, 2.563651 ] }, { "date": "2024-01-05", "close": 3.546218, "volume": 918, "typical_volume": 1381.2, "trend": 2.484249, "fair_value": 2.643678, "relative_strength": 46.534117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.630603, "energy": 97.353885, "activity_lines": [ 3.333824, 3.048333, 2.76735, 2.635387 ] }, { "date": "2024-01-12", "close": 3.546218, "volume": 0, "typical_volume": 1381.2, "trend": 2.534819, "fair_value": 2.643161, "relative_strength": 44.230058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.180083, "energy": 93.028986, "activity_lines": [ 3.438757, 3.177287, 2.858827, 2.703902 ] }, { "date": "2024-01-19", "close": 3.546218, "volume": 1000, "typical_volume": 1136.2, "trend": 2.585389, "fair_value": 2.642644, "relative_strength": 44.181878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.747406, "energy": 71.937215, "activity_lines": [ 3.486798, 3.285553, 2.944345, 2.769153 ] }, { "date": "2024-01-26", "close": 3.470363, "volume": 0, "typical_volume": 1136.2, "trend": 2.618891, "fair_value": 2.642553, "relative_strength": 36.535602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.424135, "energy": 68.48696, "activity_lines": [ 3.498176, 3.359684, 3.016317, 2.826248 ] }, { "date": "2024-02-02", "close": 3.072124, "volume": 3598, "typical_volume": 968.45, "trend": 2.642912, "fair_value": 2.638086, "relative_strength": 20.452614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.203357, "energy": 63.746405, "activity_lines": [ 3.367959, 3.342444, 3.044401, 2.855489 ] }, { "date": "2024-02-09", "close": 3.072124, "volume": 12, "typical_volume": 969.05, "trend": 2.666933, "fair_value": 2.633163, "relative_strength": 19.702997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.506012, "energy": 45.745836, "activity_lines": [ 3.246591, 3.313481, 3.068964, 2.88318 ] }, { "date": "2024-02-16", "close": 3.034197, "volume": 400, "typical_volume": 989.05, "trend": 2.689689, "fair_value": 2.628452, "relative_strength": 16.279354, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.122655, "energy": 31.206812, "activity_lines": [ 3.144186, 3.267623, 3.086663, 2.906875 ] }, { "date": "2024-02-23", "close": 3.091088, "volume": 1565, "typical_volume": 1067.3, "trend": 2.714342, "fair_value": 2.625018, "relative_strength": 15.817749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.484297, "energy": 32.816032, "activity_lines": [ 3.094881, 3.225903, 3.106711, 2.932771 ] }, { "date": "2024-03-01", "close": 3.091088, "volume": 40, "typical_volume": 1061.3, "trend": 2.740891, "fair_value": 2.621736, "relative_strength": 13.182074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.680349, "energy": 27.834923, "activity_lines": [ 3.075917, 3.189355, 3.123326, 2.957078 ] }, { "date": "2024-03-08", "close": 3.129015, "volume": 18, "typical_volume": 1062.2, "trend": 2.768705, "fair_value": 2.617329, "relative_strength": 13.486842, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.26585, "energy": 22.61864, "activity_lines": [ 3.094881, 3.164185, 3.140123, 2.982118 ] }, { "date": "2024-03-15", "close": 3.091088, "volume": 0, "typical_volume": 1062.2, "trend": 2.795254, "fair_value": 2.613895, "relative_strength": 10.796167, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.703057, "energy": 16.488853, "activity_lines": [ 3.097409, 3.133498, 3.149695, 3.002917 ] }, { "date": "2024-03-22", "close": 3.091088, "volume": 0, "typical_volume": 1018.85, "trend": 2.821803, "fair_value": 2.609853, "relative_strength": 8.664835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.726477, "energy": 17.06729, "activity_lines": [ 3.098673, 3.111086, 3.155926, 3.022003 ] }, { "date": "2024-03-29", "close": 3.091088, "volume": 0, "typical_volume": 1018.85, "trend": 2.850881, "fair_value": 2.605811, "relative_strength": 6.460185, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.941881, "energy": 17.738432, "activity_lines": [ 3.096145, 3.096949, 3.158906, 3.039376 ] }, { "date": "2024-04-05", "close": 3.053161, "volume": 1306, "typical_volume": 1084.15, "trend": 2.878694, "fair_value": 2.601678, "relative_strength": 6.464712, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 14.015812, "energy": 21.124023, "activity_lines": [ 3.080974, 3.084192, 3.155113, 3.052426 ] }, { "date": "2024-04-12", "close": 3.015233, "volume": 1000, "typical_volume": 1134.15, "trend": 2.901451, "fair_value": 2.596542, "relative_strength": 6.031827, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.208254, "energy": 10.717034, "activity_lines": [ 3.055689, 3.072124, 3.144728, 3.061235 ] }, { "date": "2024-04-19", "close": 3.034197, "volume": 0, "typical_volume": 1044.05, "trend": 2.922943, "fair_value": 2.592743, "relative_strength": 7.296145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.615555, "energy": 14.342869, "activity_lines": [ 3.044311, 3.064539, 3.13335, 3.0698 ] }, { "date": "2024-04-26", "close": 3.053161, "volume": 391, "typical_volume": 868.4, "trend": 2.945067, "fair_value": 2.589674, "relative_strength": 4.933292, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.820074, "energy": 14.666414, "activity_lines": [ 3.043047, 3.061091, 3.12134, 3.078201 ] }, { "date": "2024-05-03", "close": 3.034197, "volume": 0, "typical_volume": 658.4, "trend": 2.967192, "fair_value": 2.58709, "relative_strength": 4.684481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.088706, "energy": 17.166923, "activity_lines": [ 3.03799, 3.05385, 3.105808, 3.083951 ] }, { "date": "2024-05-10", "close": 3.034197, "volume": 0, "typical_volume": 606.9, "trend": 2.989316, "fair_value": 2.583899, "relative_strength": -0.023731, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.159503, "energy": 16.244809, "activity_lines": [ 3.036726, 3.047644, 3.091901, 3.088274 ] }, { "date": "2024-05-17", "close": 3.034197, "volume": 1000, "typical_volume": 562.4, "trend": 3.01144, "fair_value": 2.58086, "relative_strength": -0.104107, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.429278, "energy": 17.559551, "activity_lines": [ 3.036726, 3.042472, 3.079439, 3.09117 ] }, { "date": "2024-05-24", "close": 3.034197, "volume": 0, "typical_volume": 516.5, "trend": 3.032933, "fair_value": 2.579189, "relative_strength": -0.461952, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.992656, "energy": 32.183487, "activity_lines": [ 3.035461, 3.039024, 3.06779, 3.092638 ] }, { "date": "2024-05-31", "close": 3.034197, "volume": 6, "typical_volume": 516.8, "trend": 3.053793, "fair_value": 2.577365, "relative_strength": 0.145432, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.72754, "energy": 29.183155, "activity_lines": [ 3.034197, 3.036611, 3.058579, 3.092719 ] }, { "date": "2024-06-07", "close": 3.034197, "volume": 0, "typical_volume": 466.8, "trend": 3.074021, "fair_value": 2.570224, "relative_strength": -0.584411, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.940644, "energy": 37.005374, "activity_lines": [ 3.034197, 3.035231, 3.051806, 3.091455 ] }, { "date": "2024-06-14", "close": 3.034197, "volume": 301, "typical_volume": 481.85, "trend": 3.094249, "fair_value": 2.567185, "relative_strength": 1.951448, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.203182, "energy": 36.086018, "activity_lines": [ 3.034197, 3.034887, 3.047472, 3.088886 ] }, { "date": "2024-06-21", "close": 2.939378, "volume": 5, "typical_volume": 302.2, "trend": 3.111316, "fair_value": 2.565057, "relative_strength": -2.494337, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.704387, "energy": 46.685389, "activity_lines": [ 3.002591, 3.017647, 3.036184, 3.078894 ] }, { "date": "2024-06-28", "close": 2.996269, "volume": 500, "typical_volume": 326.6, "trend": 3.127119, "fair_value": 2.563143, "relative_strength": -1.132549, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.669545, "energy": 36.89306, "activity_lines": [ 2.996269, 3.01213, 3.030946, 3.071472 ] }, { "date": "2024-07-05", "close": 3.166943, "volume": 2087, "typical_volume": 410.95, "trend": 3.142922, "fair_value": 2.562322, "relative_strength": 2.895119, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.616, "energy": 8.12031, "activity_lines": [ 3.049368, 3.038334, 3.042324, 3.074041 ] }, { "date": "2024-07-12", "close": 3.129015, "volume": 1294, "typical_volume": 397.4, "trend": 3.134705, "fair_value": 2.559891, "relative_strength": -0.057043, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.889023, "energy": 8.415869, "activity_lines": [ 3.080974, 3.055574, 3.049458, 3.073144 ] }, { "date": "2024-07-19", "close": 3.091088, "volume": 502, "typical_volume": 420.5, "trend": 3.126487, "fair_value": 2.556001, "relative_strength": 1.57299, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.29793, "energy": 18.322645, "activity_lines": [ 3.093616, 3.064194, 3.052799, 3.07033 ] }, { "date": "2024-07-26", "close": 3.072124, "volume": 2, "typical_volume": 419.7, "trend": 3.122062, "fair_value": 2.553053, "relative_strength": -0.670517, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.196641, "energy": 20.219264, "activity_lines": [ 3.096145, 3.068331, 3.054334, 3.066823 ] }, { "date": "2024-08-02", "close": 2.977306, "volume": 2870, "typical_volume": 563.2, "trend": 3.103098, "fair_value": 2.548737, "relative_strength": 0.10269, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.893226, "energy": 13.638663, "activity_lines": [ 3.058218, 3.05454, 3.04711, 3.057483 ] }, { "date": "2024-08-09", "close": 2.863523, "volume": 1000, "typical_volume": 613.2, "trend": 3.080342, "fair_value": 2.543693, "relative_strength": -4.239817, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.438353, "energy": 51.730668, "activity_lines": [ 2.983627, 3.021095, 3.029591, 3.042027 ] }, { "date": "2024-08-16", "close": 2.863523, "volume": 0, "typical_volume": 613.2, "trend": 3.057585, "fair_value": 2.539863, "relative_strength": -7.467556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.386866, "energy": 72.257211, "activity_lines": [ 2.929264, 2.990753, 3.013156, 3.028039 ] }, { "date": "2024-08-23", "close": 2.84456, "volume": 0, "typical_volume": 547.9, "trend": 3.036725, "fair_value": 2.535457, "relative_strength": -9.673429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.702829, "energy": 79.147014, "activity_lines": [ 2.88628, 2.960066, 2.995998, 3.014295 ] }, { "date": "2024-08-30", "close": 2.84456, "volume": 0, "typical_volume": 497.9, "trend": 3.02914, "fair_value": 2.531354, "relative_strength": -11.08661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.888112, "energy": 83.222723, "activity_lines": [ 2.859731, 2.932827, 2.979834, 3.001897 ] }, { "date": "2024-09-06", "close": 2.84456, "volume": 0, "typical_volume": 497.9, "trend": 3.021554, "fair_value": 2.528923, "relative_strength": -8.298077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.446627, "energy": 80.745315, "activity_lines": [ 2.848353, 2.907312, 2.964483, 2.989989 ] }, { "date": "2024-09-13", "close": 2.84456, "volume": 0, "typical_volume": 478.35, "trend": 3.015233, "fair_value": 2.526795, "relative_strength": -10.301971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.030354, "energy": 80.646102, "activity_lines": [ 2.845824, 2.884556, 2.950034, 2.97857 ] }, { "date": "2024-09-20", "close": 2.84456, "volume": 5, "typical_volume": 478.6, "trend": 3.007016, "fair_value": 2.52482, "relative_strength": -10.384095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.748644, "energy": 75.997637, "activity_lines": [ 2.84456, 2.867661, 2.936579, 2.967559 ] }, { "date": "2024-09-27", "close": 2.84456, "volume": 1774, "typical_volume": 567.3, "trend": 2.998798, "fair_value": 2.524516, "relative_strength": -13.762006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.475927, "energy": 52.843031, "activity_lines": [ 2.84456, 2.855938, 2.924027, 2.957078 ] }, { "date": "2024-10-04", "close": 2.711813, "volume": 3070, "typical_volume": 670.8, "trend": 2.984891, "fair_value": 2.524121, "relative_strength": -16.13837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.754211, "energy": 84.147393, "activity_lines": [ 2.800311, 2.824562, 2.899735, 2.938563 ] }, { "date": "2024-10-11", "close": 2.730777, "volume": 0, "typical_volume": 670.8, "trend": 2.972881, "fair_value": 2.523392, "relative_strength": -16.510571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.298174, "energy": 89.319999, "activity_lines": [ 2.771233, 2.803184, 2.878785, 2.922168 ] }, { "date": "2024-10-18", "close": 2.503212, "volume": 1745, "typical_volume": 757.75, "trend": 2.953285, "fair_value": 2.52014, "relative_strength": -24.288706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.753391, "energy": 97.514244, "activity_lines": [ 2.673886, 2.744914, 2.837606, 2.891867 ] }, { "date": "2024-10-25", "close": 2.408394, "volume": 1769, "typical_volume": 846.2, "trend": 2.930529, "fair_value": 2.516584, "relative_strength": -26.102237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.595731, "energy": 98.307543, "activity_lines": [ 2.567689, 2.675955, 2.789926, 2.856713 ] }, { "date": "2024-11-01", "close": 2.408394, "volume": 611, "typical_volume": 861.7, "trend": 2.909036, "fair_value": 2.513788, "relative_strength": -25.013254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.894895, "energy": 96.376604, "activity_lines": [ 2.49057, 2.615271, 2.745226, 2.823027 ] }, { "date": "2024-11-08", "close": 2.635958, "volume": 6589, "typical_volume": 1190.9, "trend": 2.896394, "fair_value": 2.512451, "relative_strength": -17.548643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.490948, "energy": 87.652105, "activity_lines": [ 2.518383, 2.603893, 2.725178, 2.805409 ] }, { "date": "2024-11-15", "close": 2.635958, "volume": 137, "typical_volume": 1172.75, "trend": 2.883119, "fair_value": 2.512481, "relative_strength": -17.3828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.511384, "energy": 66.883843, "activity_lines": [ 2.551254, 2.596307, 2.706576, 2.788606 ] }, { "date": "2024-11-22", "close": 2.730777, "volume": 730, "typical_volume": 1104.9, "trend": 2.872373, "fair_value": 2.510992, "relative_strength": -14.806388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.556929, "energy": 47.26368, "activity_lines": [ 2.622052, 2.609754, 2.698719, 2.778778 ] }, { "date": "2024-11-29", "close": 2.730777, "volume": 0, "typical_volume": 1040.2, "trend": 2.862259, "fair_value": 2.510415, "relative_strength": -15.982416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.473579, "energy": 34.271609, "activity_lines": [ 2.677678, 2.62527, 2.69294, 2.769643 ] }, { "date": "2024-12-06", "close": 2.768705, "volume": 550, "typical_volume": 1042.6, "trend": 2.853409, "fair_value": 2.5116, "relative_strength": -17.746327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.661631, "energy": 31.860333, "activity_lines": [ 2.724456, 2.64975, 2.692669, 2.763607 ] }, { "date": "2024-12-13", "close": 2.730777, "volume": 543, "typical_volume": 1069.65, "trend": 2.843295, "fair_value": 2.51315, "relative_strength": -18.31393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.961912, "energy": 27.599971, "activity_lines": [ 2.73457, 2.668714, 2.690321, 2.755695 ] }, { "date": "2024-12-20", "close": 2.711813, "volume": 3952, "typical_volume": 1123.75, "trend": 2.832549, "fair_value": 2.513971, "relative_strength": -16.130876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.068485, "energy": 20.852074, "activity_lines": [ 2.732041, 2.683885, 2.687793, 2.747212 ] }, { "date": "2024-12-27", "close": 2.711813, "volume": 129, "typical_volume": 1080.2, "trend": 2.821803, "fair_value": 2.513272, "relative_strength": -15.996177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.171142, "energy": 14.628441, "activity_lines": [ 2.724456, 2.699401, 2.686528, 2.739423 ] }, { "date": "2025-01-03", "close": 2.806632, "volume": 7523, "typical_volume": 1456.35, "trend": 2.814218, "fair_value": 2.512421, "relative_strength": -11.955147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.888918, "energy": 10.038042, "activity_lines": [ 2.749741, 2.728363, 2.695017, 2.738444 ] }, { "date": "2025-01-10", "close": 3.072124, "volume": 2284, "typical_volume": 1570.55, "trend": 2.815482, "fair_value": 2.513272, "relative_strength": -4.405932, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.506762, "energy": 44.684729, "activity_lines": [ 2.858466, 2.798357, 2.729061, 2.755083 ] }, { "date": "2025-01-17", "close": 3.185907, "volume": 5101, "typical_volume": 1825.6, "trend": 2.823699, "fair_value": 2.515916, "relative_strength": -3.409069, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.185128, "energy": 71.718602, "activity_lines": [ 2.984891, 2.87697, 2.772858, 2.778982 ] }, { "date": "2025-01-24", "close": 3.110052, "volume": 3889, "typical_volume": 2020.05, "trend": 2.827492, "fair_value": 2.518225, "relative_strength": -7.205186, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.298331, "energy": 75.085313, "activity_lines": [ 3.055689, 2.931793, 2.807806, 2.797456 ] }, { "date": "2025-01-31", "close": 2.901451, "volume": 12614, "typical_volume": 2650.75, "trend": 2.818642, "fair_value": 2.518894, "relative_strength": -14.266168, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.27539, "energy": 67.160255, "activity_lines": [ 3.030404, 2.940068, 2.821622, 2.802228 ] }, { "date": "2025-02-07", "close": 2.901451, "volume": 0, "typical_volume": 2650.5, "trend": 2.811057, "fair_value": 2.519562, "relative_strength": -13.968998, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.587895, "energy": 56.78258, "activity_lines": [ 2.992477, 2.94524, 2.835168, 2.80757 ] }, { "date": "2025-02-14", "close": 2.901451, "volume": 0, "typical_volume": 2561.8, "trend": 2.804736, "fair_value": 2.519015, "relative_strength": -16.241452, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 54.804984, "energy": 35.35916, "activity_lines": [ 2.948228, 2.947309, 2.848443, 2.813402 ] }, { "date": "2025-02-21", "close": 2.749741, "volume": 3007, "typical_volume": 2558.65, "trend": 2.79399, "fair_value": 2.519471, "relative_strength": -19.270956, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 22.052618, "energy": 22.255114, "activity_lines": [ 2.864788, 2.91938, 2.846998, 2.809854 ] }, { "date": "2025-02-28", "close": 2.768705, "volume": 95, "typical_volume": 2563.4, "trend": 2.787036, "fair_value": 2.520505, "relative_strength": -19.141103, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.450924, "energy": 22.073375, "activity_lines": [ 2.816746, 2.894555, 2.847178, 2.808223 ] }, { "date": "2025-03-07", "close": 2.768705, "volume": 19, "typical_volume": 2477.1, "trend": 2.783876, "fair_value": 2.521538, "relative_strength": -20.189784, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.317323, "energy": 22.358394, "activity_lines": [ 2.791461, 2.868695, 2.847178, 2.80704 ] }, { "date": "2025-03-14", "close": 2.806632, "volume": 10, "typical_volume": 2389.15, "trend": 2.781979, "fair_value": 2.522814, "relative_strength": -18.496419, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.363007, "energy": 19.133819, "activity_lines": [ 2.787669, 2.848697, 2.849526, 2.808508 ] }, { "date": "2025-03-21", "close": 2.806632, "volume": 1, "typical_volume": 2358.65, "trend": 2.780715, "fair_value": 2.524091, "relative_strength": -17.658981, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.30451, "energy": 16.267509, "activity_lines": [ 2.790197, 2.828699, 2.849978, 2.810099 ] }, { "date": "2025-03-28", "close": 2.787668, "volume": 2956, "typical_volume": 2177.0, "trend": 2.778819, "fair_value": 2.528406, "relative_strength": -16.183119, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.602148, "energy": 12.012033, "activity_lines": [ 2.792725, 2.81008, 2.846727, 2.810547 ] }, { "date": "2025-04-04", "close": 2.787668, "volume": 2328, "typical_volume": 2286.55, "trend": 2.776922, "fair_value": 2.532904, "relative_strength": -8.401901, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.783101, "energy": 9.939459, "activity_lines": [ 2.792725, 2.798702, 2.842753, 2.811118 ] }, { "date": "2025-04-11", "close": 2.635958, "volume": 4566, "typical_volume": 2478.35, "trend": 2.769969, "fair_value": 2.535396, "relative_strength": -11.802955, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.873204, "energy": 41.332352, "activity_lines": [ 2.740891, 2.765601, 2.823609, 2.802024 ] }, { "date": "2025-04-18", "close": 2.522176, "volume": 4996, "typical_volume": 2728.15, "trend": 2.759223, "fair_value": 2.537159, "relative_strength": -18.362186, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.632351, "energy": 65.643787, "activity_lines": [ 2.659979, 2.71664, 2.79408, 2.786037 ] }, { "date": "2025-04-25", "close": 2.503212, "volume": 1053, "typical_volume": 2753.3, "trend": 2.747844, "fair_value": 2.5388, "relative_strength": -22.18121, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.093906, "energy": 78.285212, "activity_lines": [ 2.591709, 2.671127, 2.763738, 2.76952 ] }, { "date": "2025-05-02", "close": 2.522176, "volume": 65, "typical_volume": 2729.4, "trend": 2.741523, "fair_value": 2.540046, "relative_strength": -23.858358, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.260583, "energy": 81.78679, "activity_lines": [ 2.549989, 2.636303, 2.736466, 2.754961 ] }, { "date": "2025-05-09", "close": 2.54114, "volume": 0, "typical_volume": 2531.8, "trend": 2.735202, "fair_value": 2.541748, "relative_strength": -24.088796, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.921049, "energy": 78.23985, "activity_lines": [ 2.53229, 2.609064, 2.711994, 2.742033 ] }, { "date": "2025-05-16", "close": 2.54114, "volume": 2, "typical_volume": 2525.45, "trend": 2.736466, "fair_value": 2.543267, "relative_strength": -24.380571, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.072811, "energy": 85.710003, "activity_lines": [ 2.531026, 2.585963, 2.688334, 2.729513 ] }, { "date": "2025-05-23", "close": 2.427357, "volume": 3650, "typical_volume": 2331.8, "trend": 2.737098, "fair_value": 2.544057, "relative_strength": -26.751468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.553295, "energy": 91.232304, "activity_lines": [ 2.498155, 2.546312, 2.654651, 2.70957 ] }, { "date": "2025-05-30", "close": 2.446321, "volume": 420, "typical_volume": 2238.6, "trend": 2.738363, "fair_value": 2.544969, "relative_strength": -26.686758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.893488, "energy": 82.695039, "activity_lines": [ 2.477927, 2.517004, 2.62458, 2.690811 ] }, { "date": "2025-06-06", "close": 2.446321, "volume": 3081, "typical_volume": 2137.6, "trend": 2.732041, "fair_value": 2.545881, "relative_strength": -26.978004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.599181, "energy": 76.373678, "activity_lines": [ 2.461492, 2.494248, 2.597489, 2.671969 ] }, { "date": "2025-06-13", "close": 2.654922, "volume": 8180, "typical_volume": 2352.15, "trend": 2.732673, "fair_value": 2.54813, "relative_strength": -17.454129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.572314, "energy": 51.885197, "activity_lines": [ 2.519647, 2.515625, 2.593787, 2.666994 ] }, { "date": "2025-06-20", "close": 2.635958, "volume": 0, "typical_volume": 1721.45, "trend": 2.729513, "fair_value": 2.550865, "relative_strength": -16.890313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.895774, "energy": 33.746927, "activity_lines": [ 2.563896, 2.535968, 2.590445, 2.660754 ] }, { "date": "2025-06-27", "close": 2.635958, "volume": 2844, "typical_volume": 1863.65, "trend": 2.726352, "fair_value": 2.5536, "relative_strength": -18.621632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.212419, "energy": 30.385859, "activity_lines": [ 2.601823, 2.556311, 2.588368, 2.654718 ] }, { "date": "2025-07-04", "close": 2.920414, "volume": 7135, "typical_volume": 2220.4, "trend": 2.731409, "fair_value": 2.558523, "relative_strength": -8.271611, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 23.499351, "energy": 37.997381, "activity_lines": [ 2.720663, 2.626304, 2.614647, 2.667238 ] }, { "date": "2025-07-11", "close": 3.015233, "volume": 7994, "typical_volume": 2469.75, "trend": 2.740891, "fair_value": 2.564054, "relative_strength": -6.548403, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.763207, "energy": 62.947952, "activity_lines": [ 2.839502, 2.705952, 2.649865, 2.68555 ] }, { "date": "2025-07-18", "close": 2.996269, "volume": 3027, "typical_volume": 2616.35, "trend": 2.750373, "fair_value": 2.569464, "relative_strength": -6.635962, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.465934, "energy": 80.537214, "activity_lines": [ 2.914093, 2.773187, 2.682013, 2.702026 ] }, { "date": "2025-07-25", "close": 3.110052, "volume": 8934, "typical_volume": 3062.1, "trend": 2.763648, "fair_value": 2.575603, "relative_strength": -2.256261, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.477216, "energy": 82.721138, "activity_lines": [ 3.003855, 2.852834, 2.723914, 2.725231 ] }, { "date": "2025-08-01", "close": 3.110052, "volume": 5177, "typical_volume": 3320.45, "trend": 2.773762, "fair_value": 2.58165, "relative_strength": 1.578895, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.493894, "energy": 82.583893, "activity_lines": [ 3.06201, 2.922138, 2.764189, 2.747579 ] }, { "date": "2025-08-08", "close": 3.015233, "volume": 3550, "typical_volume": 3497.9, "trend": 2.771865, "fair_value": 2.58709, "relative_strength": -4.001832, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.84814, "energy": 75.001412, "activity_lines": [ 3.056953, 2.96179, 2.793989, 2.763158 ] }, { "date": "2025-08-15", "close": 3.015233, "volume": 2901, "typical_volume": 3495.15, "trend": 2.766176, "fair_value": 2.59253, "relative_strength": -4.315884, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.545699, "energy": 63.554559, "activity_lines": [ 3.045575, 2.991097, 2.822796, 2.778859 ] }, { "date": "2025-08-22", "close": 3.166943, "volume": 14616, "typical_volume": 4109.55, "trend": 2.768072, "fair_value": 2.598244, "relative_strength": 0.822594, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.294663, "energy": 65.755538, "activity_lines": [ 3.084767, 3.037645, 2.864968, 2.804715 ] }, { "date": "2025-08-29", "close": 3.091088, "volume": 3952, "typical_volume": 4078.85, "trend": 2.774394, "fair_value": 2.603471, "relative_strength": 0.622271, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.424838, "energy": 55.191534, "activity_lines": [ 3.087295, 3.061091, 2.898109, 2.825555 ] }, { "date": "2025-09-05", "close": 3.110052, "volume": 455, "typical_volume": 3851.8, "trend": 2.781347, "fair_value": 2.60882, "relative_strength": 2.91295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.637525, "energy": 54.464177, "activity_lines": [ 3.097409, 3.07971, 2.93089, 2.84721 ] }, { "date": "2025-09-12", "close": 3.242798, "volume": 4120, "typical_volume": 4005.15, "trend": 2.792725, "fair_value": 2.615019, "relative_strength": 7.093238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.111622, "energy": 63.473473, "activity_lines": [ 3.151772, 3.113845, 2.973513, 2.876981 ] }, { "date": "2025-09-19", "close": 3.242798, "volume": 3393, "typical_volume": 4171.55, "trend": 2.80916, "fair_value": 2.622131, "relative_strength": 7.598622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.25299, "energy": 59.279636, "activity_lines": [ 3.190964, 3.142118, 3.012614, 2.906018 ] }, { "date": "2025-09-26", "close": 3.641036, "volume": 3076, "typical_volume": 4325.35, "trend": 2.838238, "fair_value": 2.632099, "relative_strength": 20.17089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.468868, "energy": 83.426131, "activity_lines": [ 3.347731, 3.23866, 3.086212, 2.959688 ] }, { "date": "2025-10-03", "close": 3.86, "volume": 5718, "typical_volume": 4611.15, "trend": 2.874615, "fair_value": 2.643471, "relative_strength": 23.748879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.822662, "energy": 97.167601, "activity_lines": [ 3.545879, 3.363292, 3.175425, 3.025608 ] }, { "date": "2025-10-10", "close": 3.78, "volume": 1594, "typical_volume": 4508.35, "trend": 2.90706, "fair_value": 2.654633, "relative_strength": 21.596938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.765253, "energy": 93.638367, "activity_lines": [ 3.6661, 3.459742, 3.250739, 3.08402 ] }, { "date": "2025-10-17", "close": 3.68, "volume": 1573, "typical_volume": 4566.0, "trend": 2.936173, "fair_value": 2.665155, "relative_strength": 19.932074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.31938, "energy": 88.247768, "activity_lines": [ 3.708325, 3.525829, 3.310088, 3.133887 ] }, { "date": "2025-10-24", "close": 3.68, "volume": 1, "typical_volume": 4412.0, "trend": 2.965917, "fair_value": 2.675373, "relative_strength": 17.416557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.854018, "energy": 86.900414, "activity_lines": [ 3.721402, 3.57983, 3.363563, 3.181876 ] }, { "date": "2025-10-31", "close": 3.68, "volume": 3369, "typical_volume": 4171.45, "trend": 2.995661, "fair_value": 2.685591, "relative_strength": 18.29478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.73103, "energy": 65.337265, "activity_lines": [ 3.705333, 3.621745, 3.411163, 3.227946 ] }, { "date": "2025-11-07", "close": 3.7, "volume": 6, "typical_volume": 4171.75, "trend": 3.031129, "fair_value": 2.695937, "relative_strength": 20.543807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.310935, "energy": 62.533715, "activity_lines": [ 3.693333, 3.657967, 3.455786, 3.273387 ] }, { "date": "2025-11-14", "close": 3.64, "volume": 4350, "typical_volume": 4247.05, "trend": 3.06839, "fair_value": 2.705899, "relative_strength": 16.80344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.37428, "energy": 53.525936, "activity_lines": [ 3.672, 3.672209, 3.489628, 3.312669 ] }, { "date": "2025-11-21", "close": 3.66, "volume": 0, "typical_volume": 3890.3, "trend": 3.10695, "fair_value": 2.715988, "relative_strength": 21.129637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.243357, "energy": 51.410795, "activity_lines": [ 3.666667, 3.680452, 3.520594, 3.350837 ] }, { "date": "2025-11-28", "close": 3.66, "volume": 0, "typical_volume": 3490.6, "trend": 3.144877, "fair_value": 2.726382, "relative_strength": 17.096303, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.392862, "energy": 48.776882, "activity_lines": [ 3.662667, 3.68111, 3.548037, 3.386518 ] }, { "date": "2025-12-05", "close": 3.6, "volume": 10699, "typical_volume": 3874.2, "trend": 3.180173, "fair_value": 2.736391, "relative_strength": 14.02533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.113935, "energy": 39.418791, "activity_lines": [ 3.64, 3.663273, 3.566697, 3.415881 ] }, { "date": "2025-12-12", "close": 3.7, "volume": 530, "typical_volume": 3454.0, "trend": 3.218801, "fair_value": 2.746403, "relative_strength": 16.099949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.402978, "energy": 40.078414, "activity_lines": [ 3.656, 3.664364, 3.592005, 3.449418 ] }, { "date": "2025-12-19", "close": 3.6, "volume": 2538, "typical_volume": 3322.05, "trend": 3.257889, "fair_value": 2.755956, "relative_strength": 12.294056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.163549, "energy": 30.767072, "activity_lines": [ 3.638667, 3.650182, 3.60498, 3.474011 ] }, { "date": "2025-12-26", "close": 3.56, "volume": 1004, "typical_volume": 3194.75, "trend": 3.295012, "fair_value": 2.765252, "relative_strength": 10.640366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.057781, "energy": 25.901205, "activity_lines": [ 3.610667, 3.632, 3.611812, 3.493502 ] }, { "date": "2026-01-02", "close": 3.62, "volume": 2311, "typical_volume": 3165.25, "trend": 3.334135, "fair_value": 2.774721, "relative_strength": 11.485643, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.454495, "energy": 26.180449, "activity_lines": [ 3.609333, 3.626909, 3.621765, 3.514469 ] }, { "date": "2026-01-09", "close": 3.62, "volume": 1382, "typical_volume": 2503.55, "trend": 3.366304, "fair_value": 2.78419, "relative_strength": 8.434651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.469782, "energy": 18.010117, "activity_lines": [ 3.610667, 3.622909, 3.628838, 3.532912 ] }, { "date": "2026-01-16", "close": 3.64, "volume": 166, "typical_volume": 2314.25, "trend": 3.399772, "fair_value": 2.793786, "relative_strength": 9.015949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.628053, "energy": 20.082555, "activity_lines": [ 3.617333, 3.623636, 3.635658, 3.55057 ] }, { "date": "2026-01-23", "close": 3.64, "volume": 2, "typical_volume": 2291.6, "trend": 3.43324, "fair_value": 2.803748, "relative_strength": 10.73831, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.054203, "energy": 26.277082, "activity_lines": [ 3.628, 3.625455, 3.639864, 3.566069 ] }, { "date": "2026-01-30", "close": 3.64, "volume": 6879, "typical_volume": 2429.55, "trend": 3.457226, "fair_value": 2.813709, "relative_strength": 12.129299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.215408, "energy": 24.315296, "activity_lines": [ 3.636, 3.627273, 3.641547, 3.579408 ] }, { "date": "2026-02-06", "close": 3.86, "volume": 6023, "typical_volume": 2561.05, "trend": 3.485385, "fair_value": 2.825081, "relative_strength": 17.635096, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.760658, "energy": 45.184438, "activity_lines": [ 3.712, 3.669455, 3.662291, 3.605393 ] }, { "date": "2026-02-13", "close": 3.88, "volume": 2648, "typical_volume": 2539.65, "trend": 3.514843, "fair_value": 2.836581, "relative_strength": 16.871934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.091188, "energy": 60.240664, "activity_lines": [ 3.778667, 3.711636, 3.682, 3.630852 ] }, { "date": "2026-02-20", "close": 3.9, "volume": 800, "typical_volume": 2293.75, "trend": 3.541174, "fair_value": 2.848209, "relative_strength": 15.349873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.173262, "energy": 67.990288, "activity_lines": [ 3.834667, 3.752364, 3.702476, 3.655701 ] }, { "date": "2026-02-27", "close": 3.88, "volume": 4594, "typical_volume": 2443.75, "trend": 3.566839, "fair_value": 2.859709, "relative_strength": 14.148145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.542903, "energy": 66.439274, "activity_lines": [ 3.866667, 3.785818, 3.720857, 3.677561 ] }, { "date": "2026-03-06", "close": 3.7, "volume": 2006, "typical_volume": 2465.4, "trend": 3.589665, "fair_value": 2.870055, "relative_strength": 16.059333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.885228, "energy": 39.115608, "activity_lines": [ 3.822667, 3.781455, 3.721619, 3.686152 ] }, { "date": "2026-03-13", "close": 3.72, "volume": 6, "typical_volume": 2465.65, "trend": 3.613157, "fair_value": 2.88138, "relative_strength": 16.794428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.064447, "energy": 28.988446, "activity_lines": [ 3.781333, 3.778182, 3.72419, 3.694561 ] }, { "date": "2026-03-20", "close": 3.62, "volume": 2135, "typical_volume": 2403.95, "trend": 3.628259, "fair_value": 2.891821, "relative_strength": 18.417672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.361818, "energy": 13.193549, "activity_lines": [ 3.716, 3.754909, 3.717048, 3.695002 ] }, { "date": "2026-03-27", "close": 3.48, "volume": 1345, "typical_volume": 2470.9, "trend": 3.641223, "fair_value": 2.901365, "relative_strength": 13.732066, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.062308, "energy": 23.292061, "activity_lines": [ 3.621333, 3.706182, 3.696857, 3.685437 ] }, { "date": "2026-04-03", "close": 3.42, "volume": 1597, "typical_volume": 2333.25, "trend": 3.651554, "fair_value": 2.910524, "relative_strength": 7.397693, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.300212, "energy": 39.238506, "activity_lines": [ 3.534667, 3.649455, 3.672, 3.671165 ] }, { "date": "2026-04-10", "close": 3.44, "volume": 1462, "typical_volume": 2406.35, "trend": 3.658128, "fair_value": 2.919811, "relative_strength": 4.917899, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.220837, "energy": 67.190467, "activity_lines": [ 3.485333, 3.600364, 3.650095, 3.657516 ] }, { "date": "2026-04-17", "close": 3.5, "volume": 742, "typical_volume": 2443.45, "trend": 3.666701, "fair_value": 2.92924, "relative_strength": 2.540307, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.374586, "energy": 66.431947, "activity_lines": [ 3.473333, 3.565818, 3.634952, 3.647314 ] }, { "date": "2026-04-24", "close": 3.68, "volume": 2672, "typical_volume": 2042.1, "trend": 3.668, "fair_value": 2.939823, "relative_strength": 9.764641, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.206113, "energy": 38.9645, "activity_lines": [ 3.536, 3.570545, 3.637714, 3.648172 ] }, { "date": "2026-05-01", "close": 3.64, "volume": 1814, "typical_volume": 2106.3, "trend": 3.660667, "fair_value": 2.950149, "relative_strength": 7.238757, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.398352, "energy": 20.376517, "activity_lines": [ 3.581333, 3.571636, 3.636286, 3.646366 ] }, { "date": "2026-05-08", "close": 3.66, "volume": 1401, "typical_volume": 2049.45, "trend": 3.656667, "fair_value": 2.960603, "relative_strength": 7.001001, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.177669, "energy": 16.969353, "activity_lines": [ 3.622667, 3.581091, 3.637048, 3.646323 ] }, { "date": "2026-05-15", "close": 3.68, "volume": 3680, "typical_volume": 2183.25, "trend": 3.656667, "fair_value": 2.971186, "relative_strength": 8.634184, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.004276, "energy": 18.707832, "activity_lines": [ 3.654667, 3.598182, 3.639429, 3.647828 ] }, { "date": "2026-05-22", "close": 3.74, "volume": 6725, "typical_volume": 2403.95, "trend": 3.658667, "fair_value": 2.982153, "relative_strength": 5.562078, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.316423, "energy": 15.345479, "activity_lines": [ 3.690667, 3.626545, 3.646952, 3.653204 ] }, { "date": "2026-05-29", "close": 3.82, "volume": 8144, "typical_volume": 2742.05, "trend": 3.663333, "fair_value": 2.993633, "relative_strength": 6.171479, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.22749, "energy": 29.361943, "activity_lines": [ 3.737333, 3.669091, 3.661524, 3.663613 ] }, { "date": "2026-06-05", "close": 3.94, "volume": 0, "typical_volume": 2733.75, "trend": 3.671333, "fair_value": 3.005761, "relative_strength": 10.170957, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.653392, "energy": 64.956809, "activity_lines": [ 3.814667, 3.729818, 3.686571, 3.681462 ] }, { "date": "2026-06-12", "close": 3.96, "volume": 0, "typical_volume": 2733.65, "trend": 3.682, "fair_value": 3.018138, "relative_strength": 10.581987, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.73685, "energy": 75.863087, "activity_lines": [ 3.878667, 3.785818, 3.712095, 3.700086 ] }, { "date": "2026-06-19", "close": 3.9, "volume": 5, "typical_volume": 2389.95, "trend": 3.69, "fair_value": 3.030131, "relative_strength": 6.768453, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.066981, "energy": 72.931708, "activity_lines": [ 3.902667, 3.821091, 3.730381, 3.714151 ] }, { "date": "2026-06-26", "close": 4.26, "volume": 2000, "typical_volume": 2188.8, "trend": 3.71, "fair_value": 3.041635, "relative_strength": 17.140523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.937684, "energy": 87.786998, "activity_lines": [ 4.032, 3.913455, 3.781714, 3.750925 ] }, { "date": "2026-07-03", "close": 4.18, "volume": 0, "typical_volume": 2056.4, "trend": 3.729333, "fair_value": 3.053357, "relative_strength": 9.437958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.492926, "energy": 85.444086, "activity_lines": [ 4.1, 3.977455, 3.823524, 3.781247 ] }, { "date": "2026-07-10", "close": 4.0, "volume": 1028, "typical_volume": 2067.8, "trend": 3.739333, "fair_value": 3.063924, "relative_strength": 7.210185, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.481556, "energy": 68.261276, "activity_lines": [ 4.084, 3.999636, 3.846762, 3.79871 ] }, { "date": "2026-07-17", "close": 4.0, "volume": 0, "typical_volume": 1838.1, "trend": 3.752667, "fair_value": 3.074491, "relative_strength": 7.704528, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.648547, "energy": 58.178028, "activity_lines": [ 4.064, 4.015273, 3.869524, 3.815527 ] }, { "date": "2026-07-24", "close": 4.04, "volume": 101, "typical_volume": 1742.85, "trend": 3.768667, "fair_value": 3.085315, "relative_strength": 7.171542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.226757, "energy": 44.552883, "activity_lines": [ 4.054667, 4.032, 3.895524, 3.834065 ] }, { "date": "2026-07-31", "close": 3.98, "volume": 64, "typical_volume": 1745.75, "trend": 3.780667, "fair_value": 3.096119, "relative_strength": 3.098134, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.393569, "energy": 30.133533, "activity_lines": [ 4.016, 4.031273, 3.91419, 3.847699 ] }, { "date": "2026-08-07", "close": 4.62, "volume": 8716, "typical_volume": 2074.8, "trend": 3.814, "fair_value": 3.111025, "relative_strength": 15.788085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.69352, "energy": 59.73208, "activity_lines": [ 4.209333, 4.142545, 3.992571, 3.901849 ] } ], "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." } } }