{ "ticker": { "uuid": "e3baf825-c59b-4124-866b-1b75158b8027", "symbol": "HFG", "name": "HelloFresh SE", "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": 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": -75.03, "architecture_energy": 85.226, "architecture_maturity": 100.0, "architecture_confidence": 86.278, "architecture_tenure": "Extended", "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": 5.41, "rotation_up": 10.62, "upward_expansion": 20.25, "deceleration": 37.18, "rotation_down": 78.34, "downward_expansion": 95.92 }, "activity_lines": [ 3.466867, 3.642582, 3.8824, 4.050194 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 3.363, "trend_reference": 4.3852, "distance_from_trend": -0.233102, "trend_direction": "Weakening", "fair_value": 9.537692, "distance_from_fair_value": -0.647399, "fair_value_direction": "Weakening", "relative_strength": -42.239521, "relative_strength_direction": "Weakening", "price_momentum": -0.44505, "excess_performance": -0.509689, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.233102, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.131976, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.647399, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.018932, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.422395, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.029052, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.44505, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.599957, "read": "Supply-led" } ], "volume": { "latest": 4198546, "relative_activity": 1.178695, "balance": 0.599957, "dry_up": 1.495111, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.088611, "annualized_volatility": 0.577836, "from_high_reference": -0.645925, "from_low_reference": 0.011733 }, "levels": { "trend_reference": 4.3852, "fair_value_reference": 9.537692, "structural_low": 3.324, "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": 42, "median_return": -0.057596, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.063432, "regime_survival": 0.857143, "best_return": 0.273188, "worst_return": -0.478481, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.178525, "positive_rate": 0.214286, "directional_follow_through": 0.785714, "median_excess_return": -0.189658, "regime_survival": 0.714286, "best_return": 0.805615, "worst_return": -0.571776, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.349287, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.339488, "regime_survival": 0.571429, "best_return": 1.242735, "worst_return": -0.634717, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.531604, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.586938, "regime_survival": 0.5, "best_return": 0.512103, "worst_return": -0.696032, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-11-10", "end": "2023-12-01", "tenure": "New", "return": -0.282187, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-08", "end": "2024-08-16", "tenure": "Extended", "return": -0.54168, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": 0.007607, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.412062, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-01-24", "tenure": "Established", "return": 0.225543, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": 0.115023, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.224687, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.057498, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.337497, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": -0.221808, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-07-25", "tenure": "Developing", "return": 0.152785, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.035551, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.169692, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-29", "end": "2026-08-07", "tenure": "Extended", "return": -0.555041, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 25.9, "volume": 1816335, "typical_volume": 3472907.6, "trend": 22.293, "fair_value": 47.297564, "relative_strength": 7.785888, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.052985, "energy": 64.206157, "activity_lines": [ 25.008, 24.266909, 23.232286, 22.764946 ] }, { "date": "2023-08-25", "close": 26.360001, "volume": 1975223, "typical_volume": 3406549.65, "trend": 22.390667, "fair_value": 47.192051, "relative_strength": 9.581239, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.992693, "energy": 56.596397, "activity_lines": [ 25.563334, 24.823637, 23.544215, 23.027334 ] }, { "date": "2023-09-01", "close": 29.48, "volume": 4548172, "typical_volume": 3428397.05, "trend": 22.586334, "fair_value": 47.146026, "relative_strength": 20.938443, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.396529, "energy": 73.246485, "activity_lines": [ 26.907334, 25.805091, 24.134238, 23.48471 ] }, { "date": "2023-09-08", "close": 29.26, "volume": 2766908, "typical_volume": 3384418.75, "trend": 22.821667, "fair_value": 47.08718, "relative_strength": 21.042687, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.225169, "energy": 80.281665, "activity_lines": [ 27.942667, 26.583637, 24.679453, 23.915269 ] }, { "date": "2023-09-15", "close": 33.439999, "volume": 4161614, "typical_volume": 3328140.9, "trend": 23.207333, "fair_value": 47.055128, "relative_strength": 36.788718, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.995785, "energy": 90.050644, "activity_lines": [ 30.086666, 28.001091, 25.605238, 24.600323 ] }, { "date": "2023-09-22", "close": 30.65, "volume": 2801380, "typical_volume": 3328059.5, "trend": 23.538334, "fair_value": 46.962756, "relative_strength": 27.799424, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.859374, "energy": 82.902252, "activity_lines": [ 30.674, 28.748727, 26.221453, 25.080495 ] }, { "date": "2023-09-29", "close": 28.280001, "volume": 3233201, "typical_volume": 3328839.2, "trend": 23.759, "fair_value": 46.829808, "relative_strength": 19.162357, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.078681, "energy": 69.907682, "activity_lines": [ 30.154667, 28.933091, 26.583572, 25.386409 ] }, { "date": "2023-10-06", "close": 26.08, "volume": 2842206, "typical_volume": 3339149.85, "trend": 24.015834, "fair_value": 46.697244, "relative_strength": 10.979056, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.570525, "energy": 45.221961, "activity_lines": [ 28.774, 28.614, 26.714738, 25.536151 ] }, { "date": "2023-10-13", "close": 25.129999, "volume": 3050766, "typical_volume": 3364192.65, "trend": 24.322667, "fair_value": 46.508654, "relative_strength": 7.377615, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.029414, "energy": 20.159247, "activity_lines": [ 27.303333, 28.119818, 26.738333, 25.608032 ] }, { "date": "2023-10-20", "close": 25.059999, "volume": 2578190, "typical_volume": 3297186.6, "trend": 24.578167, "fair_value": 46.368654, "relative_strength": 9.811087, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.092062, "energy": 24.366581, "activity_lines": [ 26.084666, 27.610363, 26.74231, 25.655602 ] }, { "date": "2023-10-27", "close": 21.84, "volume": 4620392, "typical_volume": 3289859.8, "trend": 24.575833, "fair_value": 46.214295, "relative_strength": -3.510797, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.664936, "energy": 32.602783, "activity_lines": [ 24.351333, 26.496909, 26.418143, 25.478946 ] }, { "date": "2023-11-03", "close": 21.68, "volume": 3894408, "typical_volume": 3266103.9, "trend": 24.553167, "fair_value": 46.038013, "relative_strength": -7.20171, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.810361, "energy": 39.783785, "activity_lines": [ 23.152, 25.428182, 26.06119, 25.292118 ] }, { "date": "2023-11-10", "close": 19.844999, "volume": 2949427, "typical_volume": 3181195.75, "trend": 24.399, "fair_value": 45.884455, "relative_strength": -14.597756, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.181162, "energy": 61.273839, "activity_lines": [ 21.780999, 24.110909, 25.514428, 24.988366 ] }, { "date": "2023-11-17", "close": 16.030001, "volume": 14003920, "typical_volume": 3723801.25, "trend": 24.080667, "fair_value": 45.66734, "relative_strength": -33.435215, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.983897, "energy": 74.397721, "activity_lines": [ 19.554, 22.275182, 24.607548, 24.44843 ] }, { "date": "2023-11-24", "close": 14.855, "volume": 8368518, "typical_volume": 3950829.5, "trend": 23.768167, "fair_value": 45.438205, "relative_strength": -38.14995, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.29072, "energy": 81.182075, "activity_lines": [ 17.542, 20.466364, 23.620048, 23.853226 ] }, { "date": "2023-12-01", "close": 14.245, "volume": 5569172, "typical_volume": 4089220.55, "trend": 23.42, "fair_value": 45.222596, "relative_strength": -41.357429, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.704232, "energy": 92.897618, "activity_lines": [ 16.007, 18.884545, 22.620381, 23.238828 ] }, { "date": "2023-12-08", "close": 16.014999, "volume": 6119099, "typical_volume": 4162949.2, "trend": 23.161167, "fair_value": 44.931667, "relative_strength": -34.882735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.948562, "energy": 87.464732, "activity_lines": [ 15.568333, 17.922818, 21.832738, 22.761086 ] }, { "date": "2023-12-15", "close": 14.85, "volume": 6418856, "typical_volume": 4286446.3, "trend": 22.9065, "fair_value": 44.629423, "relative_strength": -39.099652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.25417, "energy": 87.680738, "activity_lines": [ 15.119, 16.972273, 20.965452, 22.224882 ] }, { "date": "2023-12-22", "close": 14.23, "volume": 4590030, "typical_volume": 4407977.75, "trend": 22.633833, "fair_value": 44.347885, "relative_strength": -40.975442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.053139, "energy": 87.241954, "activity_lines": [ 14.796, 16.113182, 20.091976, 21.665107 ] }, { "date": "2023-12-29", "close": 14.31, "volume": 2088092, "typical_volume": 4419795.45, "trend": 22.425833, "fair_value": 44.034487, "relative_strength": -40.311352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.377784, "energy": 80.671999, "activity_lines": [ 14.619667, 15.466818, 19.277357, 21.128086 ] }, { "date": "2024-01-05", "close": 13.465, "volume": 4496633, "typical_volume": 4553810.35, "trend": 22.2695, "fair_value": 43.706699, "relative_strength": -42.624232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.204513, "energy": 83.485867, "activity_lines": [ 14.198, 14.862273, 18.428595, 20.549968 ] }, { "date": "2024-01-12", "close": 13.08, "volume": 4948639, "typical_volume": 4702481.15, "trend": 22.088167, "fair_value": 43.394071, "relative_strength": -43.864529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.270236, "energy": 80.932169, "activity_lines": [ 13.7, 14.34, 17.602381, 19.957097 ] }, { "date": "2024-01-19", "close": 11.57, "volume": 8611756, "typical_volume": 4905660.35, "trend": 21.789833, "fair_value": 43.029455, "relative_strength": -49.306231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.523789, "energy": 79.981462, "activity_lines": [ 12.894333, 13.699545, 16.695595, 19.278505 ] }, { "date": "2024-01-26", "close": 13.44, "volume": 6863182, "typical_volume": 5110474.05, "trend": 21.4845, "fair_value": 42.668173, "relative_strength": -41.912256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.326758, "energy": 73.335343, "activity_lines": [ 12.930667, 13.549545, 16.05219, 18.739806 ] }, { "date": "2024-02-02", "close": 12.15, "volume": 5184565, "typical_volume": 5161621.6, "trend": 21.072833, "fair_value": 42.273301, "relative_strength": -46.747489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.718868, "energy": 67.982713, "activity_lines": [ 12.589667, 13.212091, 15.361262, 18.137581 ] }, { "date": "2024-02-09", "close": 12.805, "volume": 5736927, "typical_volume": 5308398.95, "trend": 20.720667, "fair_value": 41.863718, "relative_strength": -43.343697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.242788, "energy": 63.966151, "activity_lines": [ 12.611, 13.042909, 14.834095, 17.604172 ] }, { "date": "2024-02-16", "close": 12.395, "volume": 5183206, "typical_volume": 5405899.2, "trend": 20.380833, "fair_value": 41.477789, "relative_strength": -45.226378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.322896, "energy": 64.060164, "activity_lines": [ 12.539667, 12.825364, 14.352857, 17.067032 ] }, { "date": "2024-02-23", "close": 12.605, "volume": 4693311, "typical_volume": 5498454.45, "trend": 19.936, "fair_value": 41.145128, "relative_strength": -44.750451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.684467, "energy": 62.932068, "activity_lines": [ 12.584, 12.711818, 13.967262, 16.565366 ] }, { "date": "2024-03-01", "close": 12.64, "volume": 24886575, "typical_volume": 6590244.9, "trend": 19.524333, "fair_value": 40.849872, "relative_strength": -45.036486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.448524, "energy": 58.597493, "activity_lines": [ 12.571, 12.645455, 13.649167, 16.094656 ] }, { "date": "2024-03-08", "close": 6.858, "volume": 28656563, "typical_volume": 7894163.55, "trend": 18.9516, "fair_value": 40.50409, "relative_strength": -69.952603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.604044, "energy": 73.296673, "activity_lines": [ 10.684, 11.556727, 12.839881, 15.277473 ] }, { "date": "2024-03-15", "close": 7.482, "volume": 36597060, "typical_volume": 9492996.95, "trend": 18.337667, "fair_value": 40.146282, "relative_strength": -67.115495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.673611, "energy": 73.349016, "activity_lines": [ 9.3578, 10.716945, 12.1767, 14.537499 ] }, { "date": "2024-03-22", "close": 6.61, "volume": 16013740, "typical_volume": 10098963.55, "trend": 17.679333, "fair_value": 39.785769, "relative_strength": -71.026416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.17564, "energy": 84.79089, "activity_lines": [ 8.0958, 9.8274, 11.498843, 13.780875 ] }, { "date": "2024-03-29", "close": 6.592, "volume": 9632287, "typical_volume": 10433106.55, "trend": 16.9164, "fair_value": 39.412256, "relative_strength": -71.089218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.213219, "energy": 90.291483, "activity_lines": [ 7.213467, 9.052218, 10.891033, 13.065563 ] }, { "date": "2024-04-05", "close": 6.178, "volume": 10399313, "typical_volume": 10252876.2, "trend": 16.147, "fair_value": 39.000449, "relative_strength": -71.953275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.090266, "energy": 89.534708, "activity_lines": [ 6.594, 8.292273, 10.306905, 12.372763 ] }, { "date": "2024-04-12", "close": 6.574, "volume": 14457494, "typical_volume": 10557325.0, "trend": 15.251467, "fair_value": 38.570539, "relative_strength": -69.170291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.079696, "energy": 74.826394, "activity_lines": [ 6.537333, 7.736364, 9.807405, 11.75515 ] }, { "date": "2024-04-19", "close": 6.832, "volume": 11772957, "typical_volume": 10867514.25, "trend": 14.457533, "fair_value": 38.167026, "relative_strength": -66.957005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.272016, "energy": 66.282463, "activity_lines": [ 6.5856, 7.328745, 9.37191, 11.211959 ] }, { "date": "2024-04-26", "close": 6.744, "volume": 13797770, "typical_volume": 11251447.8, "trend": 13.739667, "fair_value": 37.767949, "relative_strength": -67.527201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.297231, "energy": 64.337995, "activity_lines": [ 6.647867, 7.013727, 8.963333, 10.714312 ] }, { "date": "2024-05-03", "close": 6.114, "volume": 7564291, "typical_volume": 11308719.55, "trend": 13.074133, "fair_value": 37.387397, "relative_strength": -69.684533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.640349, "energy": 64.783747, "activity_lines": [ 6.4912, 6.686909, 8.538905, 10.222333 ] }, { "date": "2024-05-10", "close": 5.71, "volume": 9645586, "typical_volume": 11561497.35, "trend": 12.4268, "fair_value": 36.994385, "relative_strength": -72.284684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.280865, "energy": 65.71315, "activity_lines": [ 6.231733, 6.404655, 8.1176, 9.747228 ] }, { "date": "2024-05-17", "close": 5.666, "volume": 17568898, "typical_volume": 12335537.65, "trend": 11.780333, "fair_value": 36.554808, "relative_strength": -71.865731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.316951, "energy": 64.861727, "activity_lines": [ 5.9888, 6.2404, 7.732676, 9.311047 ] }, { "date": "2024-05-24", "close": 5.872, "volume": 7457837, "typical_volume": 12483597.85, "trend": 11.248067, "fair_value": 36.116551, "relative_strength": -70.247494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.725386, "energy": 62.967919, "activity_lines": [ 5.875067, 6.135273, 7.408533, 8.929865 ] }, { "date": "2024-05-31", "close": 5.498, "volume": 9852638, "typical_volume": 12728797.8, "trend": 10.708667, "fair_value": 35.637949, "relative_strength": -71.334903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.430848, "energy": 65.40325, "activity_lines": [ 5.700667, 5.991418, 7.084929, 8.558892 ] }, { "date": "2024-06-07", "close": 5.85, "volume": 10092031, "typical_volume": 12802811.55, "trend": 10.242167, "fair_value": 35.143526, "relative_strength": -69.125912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.675488, "energy": 86.299534, "activity_lines": [ 5.726667, 5.931782, 6.830952, 8.24543 ] }, { "date": "2024-06-14", "close": 5.266, "volume": 10202070, "typical_volume": 12969755.95, "trend": 9.883367, "fair_value": 34.649462, "relative_strength": -70.89048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.242124, "energy": 89.792693, "activity_lines": [ 5.5756, 5.779455, 6.548595, 7.924387 ] }, { "date": "2024-06-21", "close": 4.865, "volume": 11310453, "typical_volume": 13276050.35, "trend": 9.550367, "fair_value": 34.167186, "relative_strength": -72.811149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.730328, "energy": 92.682705, "activity_lines": [ 5.320467, 5.5708, 6.266971, 7.600622 ] }, { "date": "2024-06-28", "close": 4.52, "volume": 11088076, "typical_volume": 13543607.8, "trend": 9.2262, "fair_value": 33.665519, "relative_strength": -74.260187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.294989, "energy": 91.635699, "activity_lines": [ 5.003733, 5.330491, 5.987181, 7.276082 ] }, { "date": "2024-07-05", "close": 6.28, "volume": 22003150, "typical_volume": 14384605.0, "trend": 8.9017, "fair_value": 33.177955, "relative_strength": -63.813112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.29609, "energy": 62.053567, "activity_lines": [ 5.3638, 5.452218, 5.914462, 7.086004 ] }, { "date": "2024-07-12", "close": 5.81, "volume": 10944465, "typical_volume": 14697162.7, "trend": 8.600367, "fair_value": 32.689814, "relative_strength": -66.21913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.388933, "energy": 50.203386, "activity_lines": [ 5.515067, 5.496927, 5.8261, 6.88654 ] }, { "date": "2024-07-19", "close": 5.818, "volume": 8908166, "typical_volume": 13898242.25, "trend": 8.319967, "fair_value": 32.186981, "relative_strength": -64.294355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.510115, "energy": 38.960558, "activity_lines": [ 5.671667, 5.548618, 5.770857, 6.707032 ] }, { "date": "2024-07-26", "close": 5.896, "volume": 7053396, "typical_volume": 12818083.9, "trend": 8.0395, "fair_value": 31.717853, "relative_strength": -63.310316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.888248, "energy": 25.593254, "activity_lines": [ 5.817467, 5.612527, 5.755529, 6.550647 ] }, { "date": "2024-08-02", "close": 5.198, "volume": 7773799, "typical_volume": 11376920.85, "trend": 7.763933, "fair_value": 31.263353, "relative_strength": -65.295482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.607122, "energy": 33.21032, "activity_lines": [ 5.661867, 5.545345, 5.678305, 6.367325 ] }, { "date": "2024-08-09", "close": 5.042, "volume": 8329079, "typical_volume": 10992687.8, "trend": 7.496, "fair_value": 30.765673, "relative_strength": -65.488476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.812601, "energy": 41.471086, "activity_lines": [ 5.409067, 5.462055, 5.5971, 6.191716 ] }, { "date": "2024-08-16", "close": 7.34, "volume": 23333405, "typical_volume": 11677743.7, "trend": 7.355, "fair_value": 30.20734, "relative_strength": -49.928398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.222496, "energy": 5.821444, "activity_lines": [ 6.0048, 5.804873, 5.742219, 6.181652 ] }, { "date": "2024-08-23", "close": 7.362, "volume": 8432121, "typical_volume": 11579384.1, "trend": 7.1524, "fair_value": 29.652865, "relative_strength": -49.033955, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.226749, "energy": 17.306624, "activity_lines": [ 6.505867, 6.1246, 5.885871, 6.182103 ] }, { "date": "2024-08-30", "close": 7.418, "volume": 4208357, "typical_volume": 11066927.25, "trend": 6.994667, "fair_value": 29.100032, "relative_strength": -47.476355, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.064442, "energy": 29.717798, "activity_lines": [ 6.922667, 6.4164, 6.029219, 6.199239 ] }, { "date": "2024-09-06", "close": 6.732, "volume": 5053930, "typical_volume": 10730975.9, "trend": 6.792233, "fair_value": 28.555494, "relative_strength": -48.792138, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.561112, "energy": 35.268668, "activity_lines": [ 7.009333, 6.537055, 6.103214, 6.182292 ] }, { "date": "2024-09-13", "close": 8.032, "volume": 11160135, "typical_volume": 10599094.15, "trend": 6.6468, "fair_value": 28.053007, "relative_strength": -37.395758, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.52845, "energy": 62.594601, "activity_lines": [ 7.427067, 6.853855, 6.301495, 6.262277 ] }, { "date": "2024-09-20", "close": 8.458, "volume": 8020766, "typical_volume": 10621917.9, "trend": 6.508567, "fair_value": 27.564148, "relative_strength": -31.22093, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.829874, "energy": 65.909258, "activity_lines": [ 7.787467, 7.216255, 6.534214, 6.379129 ] }, { "date": "2024-09-27", "close": 9.506, "volume": 6360560, "typical_volume": 10457666.6, "trend": 6.4041, "fair_value": 27.113545, "relative_strength": -22.633105, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.738381, "energy": 84.123662, "activity_lines": [ 8.422667, 7.721055, 6.855581, 6.572512 ] }, { "date": "2024-10-04", "close": 9.302, "volume": 5733608, "typical_volume": 9865902.1, "trend": 6.485567, "fair_value": 26.660353, "relative_strength": -19.904088, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.792538, "energy": 88.354082, "activity_lines": [ 8.846933, 8.121709, 7.139443, 6.759473 ] }, { "date": "2024-10-11", "close": 8.918, "volume": 4131319, "typical_volume": 9699576.2, "trend": 6.533433, "fair_value": 26.198545, "relative_strength": -21.234171, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.678956, "energy": 83.55145, "activity_lines": [ 9.0176, 8.390618, 7.369419, 6.916404 ] }, { "date": "2024-10-18", "close": 8.58, "volume": 4638944, "typical_volume": 9438891.5, "trend": 6.5991, "fair_value": 25.747263, "relative_strength": -22.090048, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.810685, "energy": 76.487735, "activity_lines": [ 8.929867, 8.530436, 7.5527, 7.048441 ] }, { "date": "2024-10-25", "close": 10.7, "volume": 8507456, "typical_volume": 9359662.75, "trend": 6.736033, "fair_value": 25.367135, "relative_strength": 1.389682, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.075585, "energy": 75.4509, "activity_lines": [ 9.512267, 8.991382, 7.92321, 7.313015 ] }, { "date": "2024-11-01", "close": 10.6, "volume": 8672472, "typical_volume": 9283182.85, "trend": 6.883433, "fair_value": 24.898289, "relative_strength": 4.789143, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.36499, "energy": 64.416319, "activity_lines": [ 9.911867, 9.373055, 8.2611, 7.562303 ] }, { "date": "2024-11-08", "close": 10.795, "volume": 4827324, "typical_volume": 8959026.4, "trend": 7.024133, "fair_value": 24.421333, "relative_strength": 9.917105, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.132716, "energy": 64.653543, "activity_lines": [ 10.303533, 9.731309, 8.592162, 7.814662 ] }, { "date": "2024-11-15", "close": 10.58, "volume": 5599126, "typical_volume": 8684578.9, "trend": 7.149067, "fair_value": 23.885564, "relative_strength": 9.636156, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.736569, "energy": 76.196036, "activity_lines": [ 10.524, 9.989073, 8.87451, 8.044073 ] }, { "date": "2024-11-22", "close": 10.58, "volume": 4530829, "typical_volume": 7810962.85, "trend": 7.276933, "fair_value": 23.342744, "relative_strength": 10.60755, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.658976, "energy": 66.235775, "activity_lines": [ 10.633667, 10.176873, 9.128, 8.265424 ] }, { "date": "2024-11-29", "close": 11.56, "volume": 5024900, "typical_volume": 7514984.6, "trend": 7.458467, "fair_value": 22.88018, "relative_strength": 20.288942, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.421033, "energy": 64.955313, "activity_lines": [ 10.936667, 10.496527, 9.454348, 8.541751 ] }, { "date": "2024-12-06", "close": 13.12, "volume": 7094552, "typical_volume": 7424303.9, "trend": 7.705467, "fair_value": 22.488513, "relative_strength": 33.074563, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.175325, "energy": 74.018697, "activity_lines": [ 11.702333, 11.043418, 9.901886, 8.907011 ] }, { "date": "2024-12-13", "close": 12.655, "volume": 8105464, "typical_volume": 7476907.3, "trend": 7.938433, "fair_value": 22.129891, "relative_strength": 29.596442, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.794899, "energy": 71.174288, "activity_lines": [ 12.145, 11.440055, 10.270367, 9.226335 ] }, { "date": "2024-12-20", "close": 12.08, "volume": 3465492, "typical_volume": 7261491.95, "trend": 8.145367, "fair_value": 21.768737, "relative_strength": 28.208957, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.292549, "energy": 67.734941, "activity_lines": [ 12.272, 11.671182, 10.5519, 9.493533 ] }, { "date": "2024-12-27", "close": 12.285, "volume": 1316071, "typical_volume": 6910841.55, "trend": 8.3716, "fair_value": 21.414539, "relative_strength": 31.008549, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.747264, "energy": 66.195943, "activity_lines": [ 12.367333, 11.882091, 10.820186, 9.760606 ] }, { "date": "2025-01-03", "close": 12.85, "volume": 2482692, "typical_volume": 5868305.9, "trend": 8.604933, "fair_value": 21.116526, "relative_strength": 38.514138, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.540686, "energy": 60.53233, "activity_lines": [ 12.537333, 12.128364, 11.10779, 10.049535 ] }, { "date": "2025-01-10", "close": 11.92, "volume": 3472789, "typical_volume": 5620339.3, "trend": 8.826733, "fair_value": 20.832295, "relative_strength": 27.544781, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.568926, "energy": 49.251247, "activity_lines": [ 12.311333, 12.166455, 11.280586, 10.263411 ] }, { "date": "2025-01-17", "close": 12.96, "volume": 3735564, "typical_volume": 5596699.65, "trend": 9.096567, "fair_value": 20.54768, "relative_strength": 34.546144, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.961205, "energy": 50.748844, "activity_lines": [ 12.512, 12.369636, 11.530724, 10.530073 ] }, { "date": "2025-01-24", "close": 11.4, "volume": 4447418, "typical_volume": 5566374.05, "trend": 9.3259, "fair_value": 20.265115, "relative_strength": 16.89794, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.493471, "energy": 36.616992, "activity_lines": [ 12.172333, 12.249818, 11.6059, 10.678682 ] }, { "date": "2025-01-31", "close": 10.65, "volume": 4798938, "typical_volume": 5248314.2, "trend": 9.471567, "fair_value": 19.982872, "relative_strength": 8.557913, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.337017, "energy": 21.028315, "activity_lines": [ 11.628, 11.978727, 11.587419, 10.764108 ] }, { "date": "2025-02-07", "close": 11.52, "volume": 5339936, "typical_volume": 5114272.7, "trend": 9.6619, "fair_value": 19.738, "relative_strength": 18.277409, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.203129, "energy": 18.824433, "activity_lines": [ 11.482667, 11.864545, 11.639329, 10.896265 ] }, { "date": "2025-02-14", "close": 12.57, "volume": 4726050, "typical_volume": 5032547.2, "trend": 9.886967, "fair_value": 19.511718, "relative_strength": 25.790783, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.635285, "energy": 22.946536, "activity_lines": [ 11.776, 11.942, 11.776657, 11.083884 ] }, { "date": "2025-02-21", "close": 12.91, "volume": 5332754, "typical_volume": 5012504.5, "trend": 10.120767, "fair_value": 19.291846, "relative_strength": 31.323927, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.383594, "energy": 30.22059, "activity_lines": [ 12.139333, 12.091273, 11.931776, 11.278918 ] }, { "date": "2025-02-28", "close": 11.875, "volume": 4768680, "typical_volume": 5044372.55, "trend": 10.343333, "fair_value": 19.127071, "relative_strength": 20.358997, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.38288, "energy": 29.195626, "activity_lines": [ 12.161, 12.047727, 11.971143, 11.392095 ] }, { "date": "2025-03-07", "close": 10.37, "volume": 7510910, "typical_volume": 5187970.85, "trend": 10.520933, "fair_value": 18.957391, "relative_strength": 2.718405, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.049488, "energy": 8.562049, "activity_lines": [ 11.649333, 11.734273, 11.853095, 11.393815 ] }, { "date": "2025-03-14", "close": 8.04, "volume": 14199210, "typical_volume": 5472558.55, "trend": 10.544267, "fair_value": 18.739122, "relative_strength": -20.048335, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.732399, "energy": 34.810346, "activity_lines": [ 10.379667, 11.032, 11.504619, 11.233755 ] }, { "date": "2025-03-21", "close": 7.722, "volume": 10788622, "typical_volume": 5578366.05, "trend": 10.556267, "fair_value": 18.534135, "relative_strength": -22.804107, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.78048, "energy": 62.733145, "activity_lines": [ 9.236, 10.359364, 11.138524, 11.051673 ] }, { "date": "2025-03-28", "close": 7.916, "volume": 6464614, "typical_volume": 5660230.55, "trend": 10.572867, "fair_value": 18.312186, "relative_strength": -19.334838, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.791984, "energy": 71.279956, "activity_lines": [ 8.4802, 9.798327, 10.80461, 10.881333 ] }, { "date": "2025-04-04", "close": 7.436, "volume": 7210795, "typical_volume": 5740814.0, "trend": 10.596333, "fair_value": 18.104019, "relative_strength": -17.619488, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.123549, "energy": 75.823393, "activity_lines": [ 7.897333, 9.241727, 10.43869, 10.678955 ] }, { "date": "2025-04-11", "close": 7.278, "volume": 9560580, "typical_volume": 5992301.55, "trend": 10.5712, "fair_value": 17.907468, "relative_strength": -18.276935, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.556186, "energy": 84.672254, "activity_lines": [ 7.557733, 8.728473, 10.072695, 10.464869 ] }, { "date": "2025-04-18", "close": 8.086, "volume": 4107302, "typical_volume": 5946421.65, "trend": 10.5588, "fair_value": 17.723917, "relative_strength": -12.750539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.679268, "energy": 75.834087, "activity_lines": [ 7.6936, 8.423436, 9.799376, 10.304533 ] }, { "date": "2025-04-25", "close": 8.488, "volume": 6473717, "typical_volume": 5915379.9, "trend": 10.524867, "fair_value": 17.518199, "relative_strength": -12.720654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.779217, "energy": 55.91651, "activity_lines": [ 7.9604, 8.253927, 9.580886, 10.170933 ] }, { "date": "2025-05-02", "close": 9.42, "volume": 6820394, "typical_volume": 5851126.4, "trend": 10.5288, "fair_value": 17.350378, "relative_strength": -6.959022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.749727, "energy": 37.859933, "activity_lines": [ 8.4868, 8.328091, 9.473214, 10.099652 ] }, { "date": "2025-05-09", "close": 9.84, "volume": 4068305, "typical_volume": 5881267.05, "trend": 10.559533, "fair_value": 17.163455, "relative_strength": -4.994753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.107301, "energy": 25.106188, "activity_lines": [ 9.052933, 8.542073, 9.420948, 10.055213 ] }, { "date": "2025-05-16", "close": 10.295, "volume": 3202225, "typical_volume": 5975574.75, "trend": 10.6167, "fair_value": 17.007654, "relative_strength": -2.278276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.951725, "energy": 25.884739, "activity_lines": [ 9.610467, 8.875782, 9.422681, 10.038146 ] }, { "date": "2025-05-23", "close": 10.815, "volume": 4038876, "typical_volume": 6053383.95, "trend": 10.620533, "fair_value": 16.85384, "relative_strength": 2.617351, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.0975, "energy": 23.346199, "activity_lines": [ 10.1402, 9.3054, 9.483414, 10.05094 ] }, { "date": "2025-05-30", "close": 10.455, "volume": 3006605, "typical_volume": 6030074.75, "trend": 10.6157, "fair_value": 16.701436, "relative_strength": -2.898962, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.885117, "energy": 23.520726, "activity_lines": [ 10.368, 9.619109, 9.519552, 10.04026 ] }, { "date": "2025-06-06", "close": 9.43, "volume": 4431346, "typical_volume": 6064863.85, "trend": 10.5702, "fair_value": 16.548936, "relative_strength": -13.793697, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.614343, "energy": 20.767499, "activity_lines": [ 10.123, 9.696764, 9.465048, 9.963763 ] }, { "date": "2025-06-13", "close": 8.944, "volume": 3459944, "typical_volume": 6015490.15, "trend": 10.515667, "fair_value": 16.425949, "relative_strength": -15.811842, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.583332, "energy": 17.984123, "activity_lines": [ 9.715333, 9.658527, 9.381067, 9.858847 ] }, { "date": "2025-06-20", "close": 8.136, "volume": 4295718, "typical_volume": 5990329.15, "trend": 10.4342, "fair_value": 16.281308, "relative_strength": -23.137674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.907305, "energy": 37.161474, "activity_lines": [ 9.098067, 9.445964, 9.231829, 9.70532 ] }, { "date": "2025-06-27", "close": 7.972, "volume": 4402527, "typical_volume": 5943458.7, "trend": 10.3146, "fair_value": 16.130167, "relative_strength": -27.085629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.861759, "energy": 64.493448, "activity_lines": [ 8.570067, 9.187982, 9.078943, 9.546469 ] }, { "date": "2025-07-04", "close": 8.862, "volume": 4203042, "typical_volume": 5917308.3, "trend": 10.172667, "fair_value": 15.968769, "relative_strength": -18.220792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.980075, "energy": 59.766976, "activity_lines": [ 8.528267, 9.093891, 9.027714, 9.452753 ] }, { "date": "2025-07-11", "close": 8.48, "volume": 3120413, "typical_volume": 5806691.25, "trend": 10.0335, "fair_value": 15.818962, "relative_strength": -23.383818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.999546, "energy": 65.220504, "activity_lines": [ 8.465333, 8.923545, 8.957762, 9.343548 ] }, { "date": "2025-07-18", "close": 8.666, "volume": 4608848, "typical_volume": 5798699.65, "trend": 9.9197, "fair_value": 15.703551, "relative_strength": -21.934025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.912987, "energy": 48.479807, "activity_lines": [ 8.527733, 8.804109, 8.926619, 9.255323 ] }, { "date": "2025-07-25", "close": 9.19, "volume": 3173795, "typical_volume": 5581843.9, "trend": 9.816533, "fair_value": 15.590346, "relative_strength": -17.17435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.993858, "energy": 26.168174, "activity_lines": [ 8.783333, 8.801291, 8.960662, 9.208245 ] }, { "date": "2025-08-01", "close": 9.17, "volume": 2721539, "typical_volume": 5007960.35, "trend": 9.693867, "fair_value": 15.466564, "relative_strength": -14.909036, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.772963, "energy": 16.394907, "activity_lines": [ 8.962, 8.814927, 8.998419, 9.166533 ] }, { "date": "2025-08-08", "close": 9.496, "volume": 2120643, "typical_volume": 4574561.4, "trend": 9.613067, "fair_value": 15.335, "relative_strength": -14.956999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.324783, "energy": 13.275728, "activity_lines": [ 9.169467, 8.917745, 9.061843, 9.153768 ] }, { "date": "2025-08-15", "close": 6.942, "volume": 14421500, "typical_volume": 4972405.7, "trend": 9.412467, "fair_value": 15.199115, "relative_strength": -38.032982, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.648081, "energy": 34.536273, "activity_lines": [ 8.483333, 8.573636, 8.873581, 8.981441 ] }, { "date": "2025-08-22", "close": 8.12, "volume": 7238128, "typical_volume": 4973772.35, "trend": 9.303133, "fair_value": 15.093603, "relative_strength": -27.341162, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.968858, "energy": 40.54317, "activity_lines": [ 8.2924, 8.488945, 8.802148, 8.898056 ] }, { "date": "2025-08-29", "close": 7.558, "volume": 4994102, "typical_volume": 4745448.45, "trend": 9.200067, "fair_value": 14.986346, "relative_strength": -30.845239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.674306, "energy": 60.195899, "activity_lines": [ 7.950533, 8.317055, 8.673933, 8.785467 ] }, { "date": "2025-09-05", "close": 8.098, "volume": 4395426, "typical_volume": 4759854.65, "trend": 9.086, "fair_value": 14.868769, "relative_strength": -24.867972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.891464, "energy": 63.447695, "activity_lines": [ 7.897467, 8.253855, 8.595814, 8.714366 ] }, { "date": "2025-09-12", "close": 7.6, "volume": 5163650, "typical_volume": 4694351.3, "trend": 8.920333, "fair_value": 14.755756, "relative_strength": -29.466174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.210482, "energy": 59.392168, "activity_lines": [ 7.749867, 8.097818, 8.47021, 8.618495 ] }, { "date": "2025-09-19", "close": 7.714, "volume": 6110098, "typical_volume": 4658836.5, "trend": 8.747133, "fair_value": 14.66418, "relative_strength": -27.84729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.699135, "energy": 53.178578, "activity_lines": [ 7.766667, 7.985455, 8.35969, 8.540667 ] }, { "date": "2025-09-26", "close": 7.318, "volume": 4667154, "typical_volume": 4688778.95, "trend": 8.595233, "fair_value": 14.571667, "relative_strength": -31.314404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.788108, "energy": 48.992082, "activity_lines": [ 7.6, 7.815018, 8.219581, 8.448465 ] }, { "date": "2025-10-03", "close": 7.21, "volume": 6837926, "typical_volume": 4870564.0, "trend": 8.4899, "fair_value": 14.485705, "relative_strength": -33.55976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.143122, "energy": 57.334151, "activity_lines": [ 7.4508, 7.649455, 8.081195, 8.359095 ] }, { "date": "2025-10-10", "close": 7.446, "volume": 12176027, "typical_volume": 5277421.55, "trend": 8.4701, "fair_value": 14.393308, "relative_strength": -30.536676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.272853, "energy": 44.89231, "activity_lines": [ 7.403467, 7.5628, 7.979976, 8.291746 ] }, { "date": "2025-10-17", "close": 7.112, "volume": 5149986, "typical_volume": 5384590.6, "trend": 8.449767, "fair_value": 14.305244, "relative_strength": -32.102137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.735827, "energy": 55.90179, "activity_lines": [ 7.288267, 7.446764, 7.86299, 8.204127 ] }, { "date": "2025-10-24", "close": 7.56, "volume": 7015459, "typical_volume": 5513796.25, "trend": 8.4379, "fair_value": 14.222936, "relative_strength": -28.296394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.54075, "energy": 39.202472, "activity_lines": [ 7.354933, 7.455527, 7.80459, 8.146723 ] }, { "date": "2025-10-31", "close": 7.02, "volume": 10965721, "typical_volume": 5889085.1, "trend": 8.424033, "fair_value": 14.131333, "relative_strength": -31.859767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.686543, "energy": 39.03823, "activity_lines": [ 7.251867, 7.354873, 7.703667, 8.055245 ] }, { "date": "2025-11-07", "close": 5.684, "volume": 15171818, "typical_volume": 6432890.1, "trend": 8.3709, "fair_value": 13.988346, "relative_strength": -43.102883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.69635, "energy": 57.834818, "activity_lines": [ 6.723333, 7.031309, 7.484667, 7.878469 ] }, { "date": "2025-11-14", "close": 5.75, "volume": 5751534, "typical_volume": 6500340.45, "trend": 8.293033, "fair_value": 13.87168, "relative_strength": -42.370957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.074657, "energy": 77.644331, "activity_lines": [ 6.318533, 6.753818, 7.283629, 7.709378 ] }, { "date": "2025-11-21", "close": 5.326, "volume": 5325886, "typical_volume": 6556482.65, "trend": 8.187633, "fair_value": 13.749603, "relative_strength": -43.989756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.571717, "energy": 89.753483, "activity_lines": [ 5.885467, 6.441927, 7.05279, 7.517957 ] }, { "date": "2025-11-28", "close": 6.19, "volume": 4832082, "typical_volume": 6642066.1, "trend": 8.079967, "fair_value": 13.626269, "relative_strength": -35.952918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.428757, "energy": 82.575114, "activity_lines": [ 5.859467, 6.328473, 6.921076, 7.389077 ] }, { "date": "2025-12-05", "close": 6.07, "volume": 5435382, "typical_volume": 6683392.8, "trend": 7.9543, "fair_value": 13.510564, "relative_strength": -36.517401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.281407, "energy": 76.860219, "activity_lines": [ 5.8848, 6.220909, 6.788838, 7.259402 ] }, { "date": "2025-12-12", "close": 5.618, "volume": 5093751, "typical_volume": 6779390.6, "trend": 7.7984, "fair_value": 13.412731, "relative_strength": -40.514218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.462701, "energy": 57.972479, "activity_lines": [ 5.8228, 6.053855, 6.625914, 7.108673 ] }, { "date": "2025-12-19", "close": 5.8, "volume": 9411843, "typical_volume": 7113905.8, "trend": 7.631233, "fair_value": 13.315487, "relative_strength": -37.713783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.754672, "energy": 49.7628, "activity_lines": [ 5.825867, 5.948836, 6.497333, 6.979744 ] }, { "date": "2025-12-26", "close": 5.746, "volume": 1971271, "typical_volume": 7106437.2, "trend": 7.474267, "fair_value": 13.220718, "relative_strength": -37.23247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.616163, "energy": 48.948118, "activity_lines": [ 5.8076, 5.863927, 6.379657, 6.858116 ] }, { "date": "2026-01-02", "close": 5.924, "volume": 4981049, "typical_volume": 6634414.65, "trend": 7.3574, "fair_value": 13.100231, "relative_strength": -34.459273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.086087, "energy": 44.673384, "activity_lines": [ 5.820667, 5.836218, 6.29679, 6.758099 ] }, { "date": "2026-01-09", "close": 5.788, "volume": 5974964, "typical_volume": 6571256.45, "trend": 7.2522, "fair_value": 12.964256, "relative_strength": -36.601468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.916206, "energy": 42.813637, "activity_lines": [ 5.806133, 5.813527, 6.205819, 6.656847 ] }, { "date": "2026-01-16", "close": 5.848, "volume": 4446448, "typical_volume": 6543873.75, "trend": 7.175933, "fair_value": 12.852962, "relative_strength": -34.682713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.50876, "energy": 35.752255, "activity_lines": [ 5.8304, 5.824145, 6.131667, 6.566254 ] }, { "date": "2026-01-23", "close": 5.56, "volume": 4466085, "typical_volume": 6547406.7, "trend": 7.095533, "fair_value": 12.73841, "relative_strength": -35.831494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.593277, "energy": 40.717894, "activity_lines": [ 5.743333, 5.779418, 6.038229, 6.462 ] }, { "date": "2026-01-30", "close": 5.558, "volume": 4050089, "typical_volume": 6491728.65, "trend": 6.9854, "fair_value": 12.622692, "relative_strength": -33.946425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.578782, "energy": 42.709237, "activity_lines": [ 5.6716, 5.737782, 5.956686, 6.362804 ] }, { "date": "2026-02-06", "close": 6.06, "volume": 7033507, "typical_volume": 6537899.1, "trend": 6.904733, "fair_value": 12.519231, "relative_strength": -27.357066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.066555, "energy": 37.173457, "activity_lines": [ 5.779733, 5.7832, 5.932676, 6.303101 ] }, { "date": "2026-02-13", "close": 5.22, "volume": 8654291, "typical_volume": 6737255.95, "trend": 6.789867, "fair_value": 12.4125, "relative_strength": -36.652883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.780807, "energy": 45.735338, "activity_lines": [ 5.5988, 5.678255, 5.836543, 6.194409 ] }, { "date": "2026-02-20", "close": 4.94, "volume": 4062189, "typical_volume": 6598469.1, "trend": 6.6482, "fair_value": 12.311346, "relative_strength": -39.522271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.149361, "energy": 59.228158, "activity_lines": [ 5.3624, 5.537855, 5.723733, 6.075062 ] }, { "date": "2026-02-27", "close": 4.829, "volume": 4623425, "typical_volume": 6220839.0, "trend": 6.5035, "fair_value": 12.203455, "relative_strength": -39.733505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.713676, "energy": 71.945507, "activity_lines": [ 5.149533, 5.3896, 5.611162, 5.957695 ] }, { "date": "2026-03-06", "close": 4.989, "volume": 5044623, "typical_volume": 6215570.85, "trend": 6.353267, "fair_value": 12.117647, "relative_strength": -32.284805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.72103, "energy": 73.460037, "activity_lines": [ 5.038733, 5.288091, 5.52629, 5.859985 ] }, { "date": "2026-03-13", "close": 4.821, "volume": 3782266, "typical_volume": 6053911.2, "trend": 6.282567, "fair_value": 12.046468, "relative_strength": -33.574277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.230332, "energy": 77.410279, "activity_lines": [ 4.909867, 5.1698, 5.435529, 5.761129 ] }, { "date": "2026-03-20", "close": 3.608, "volume": 13661567, "typical_volume": 6188703.5, "trend": 6.132167, "fair_value": 11.95809, "relative_strength": -47.340996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.082032, "energy": 88.658422, "activity_lines": [ 4.459267, 4.851018, 5.242286, 5.588576 ] }, { "date": "2026-03-27", "close": 3.866, "volume": 8277805, "typical_volume": 5844002.85, "trend": 6.0091, "fair_value": 11.842423, "relative_strength": -42.730292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.160815, "energy": 83.486337, "activity_lines": [ 4.202133, 4.618782, 5.089862, 5.442372 ] }, { "date": "2026-04-03", "close": 3.909, "volume": 3638594, "typical_volume": 5738355.85, "trend": 5.869467, "fair_value": 11.724147, "relative_strength": -43.574587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.254356, "energy": 84.614712, "activity_lines": [ 4.030933, 4.4304, 4.95019, 5.306882 ] }, { "date": "2026-04-10", "close": 3.86, "volume": 3649036, "typical_volume": 5654513.35, "trend": 5.7448, "fair_value": 11.592032, "relative_strength": -45.081329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.43407, "energy": 82.947371, "activity_lines": [ 3.904733, 4.263127, 4.814619, 5.177239 ] }, { "date": "2026-04-17", "close": 4.557, "volume": 4698227, "typical_volume": 5647820.6, "trend": 5.639567, "fair_value": 11.457269, "relative_strength": -36.711048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.401473, "energy": 55.4524, "activity_lines": [ 4.086133, 4.253455, 4.75241, 5.100606 ] }, { "date": "2026-04-24", "close": 4.441, "volume": 3269332, "typical_volume": 5539518.1, "trend": 5.543667, "fair_value": 11.330417, "relative_strength": -36.022853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.611157, "energy": 45.151823, "activity_lines": [ 4.246467, 4.250018, 4.686929, 5.02328 ] }, { "date": "2026-05-01", "close": 4.622, "volume": 1261667, "typical_volume": 5347913.9, "trend": 5.4574, "fair_value": 11.201776, "relative_strength": -32.886284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.778172, "energy": 29.934127, "activity_lines": [ 4.4116, 4.293655, 4.646443, 4.963817 ] }, { "date": "2026-05-08", "close": 4.115, "volume": 6902463, "typical_volume": 5222444.9, "trend": 5.346367, "fair_value": 11.075718, "relative_strength": -39.334305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.530881, "energy": 26.403176, "activity_lines": [ 4.357333, 4.250891, 4.562414, 4.877211 ] }, { "date": "2026-05-15", "close": 4.261, "volume": 3936183, "typical_volume": 5320690.5, "trend": 5.251333, "fair_value": 10.958865, "relative_strength": -35.019589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.164691, "energy": 27.261396, "activity_lines": [ 4.338, 4.247655, 4.500314, 4.807187 ] }, { "date": "2026-05-22", "close": 4.28, "volume": 3107745, "typical_volume": 5227025.3, "trend": 5.142, "fair_value": 10.842647, "relative_strength": -35.903352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.044653, "energy": 27.800809, "activity_lines": [ 4.298267, 4.261109, 4.447095, 4.74452 ] }, { "date": "2026-05-29", "close": 4.318, "volume": 2922386, "typical_volume": 5074396.4, "trend": 5.051933, "fair_value": 10.738596, "relative_strength": -34.65604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.977414, "energy": 32.039873, "activity_lines": [ 4.289667, 4.291309, 4.405324, 4.691359 ] }, { "date": "2026-06-05", "close": 4.199, "volume": 434246, "typical_volume": 4873786.3, "trend": 5.002433, "fair_value": 10.649135, "relative_strength": -34.525039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.576288, "energy": 31.707943, "activity_lines": [ 4.2496, 4.286964, 4.359219, 4.636331 ] }, { "date": "2026-06-12", "close": 4.15, "volume": 864666, "typical_volume": 4693715.35, "trend": 4.9491, "fair_value": 10.557019, "relative_strength": -33.924639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.751048, "energy": 32.552958, "activity_lines": [ 4.2214, 4.267655, 4.3163, 4.581335 ] }, { "date": "2026-06-19", "close": 4.027, "volume": 692890, "typical_volume": 4525855.4, "trend": 4.9058, "fair_value": 10.451295, "relative_strength": -35.876766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.140596, "energy": 40.808015, "activity_lines": [ 4.149867, 4.2216, 4.268381, 4.521845 ] }, { "date": "2026-06-26", "close": 3.831, "volume": 1772557, "typical_volume": 4262807.9, "trend": 4.827167, "fair_value": 10.330981, "relative_strength": -37.374506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.471364, "energy": 61.445584, "activity_lines": [ 4.0286, 4.136873, 4.209086, 4.452503 ] }, { "date": "2026-07-03", "close": 4.024, "volume": 507199, "typical_volume": 3855453.3, "trend": 4.758967, "fair_value": 10.199724, "relative_strength": -35.972127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.548398, "energy": 54.908075, "activity_lines": [ 4.0016, 4.100436, 4.178786, 4.400686 ] }, { "date": "2026-07-10", "close": 3.706, "volume": 4003059, "typical_volume": 3852496.8, "trend": 4.695233, "fair_value": 10.073673, "relative_strength": -38.37573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.454163, "energy": 65.756647, "activity_lines": [ 3.8882, 4.013764, 4.123895, 4.332753 ] }, { "date": "2026-07-17", "close": 3.712, "volume": 4354618, "typical_volume": 3839056.45, "trend": 4.625633, "fair_value": 9.95266, "relative_strength": -36.636204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.353202, "energy": 68.568915, "activity_lines": [ 3.809667, 3.944836, 4.075452, 4.269318 ] }, { "date": "2026-07-24", "close": 3.47, "volume": 4236887, "typical_volume": 3798669.65, "trend": 4.549767, "fair_value": 9.808558, "relative_strength": -40.224298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.099547, "energy": 72.300377, "activity_lines": [ 3.679667, 3.839236, 4.009281, 4.194761 ] }, { "date": "2026-07-31", "close": 3.412, "volume": 8512463, "typical_volume": 4035179.5, "trend": 4.466033, "fair_value": 9.670237, "relative_strength": -41.176011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.537933, "energy": 78.264115, "activity_lines": [ 3.567467, 3.737473, 3.944819, 4.121357 ] }, { "date": "2026-08-07", "close": 3.363, "volume": 4198546, "typical_volume": 3562028.45, "trend": 4.3852, "fair_value": 9.537692, "relative_strength": -42.239521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.029508, "energy": 85.225717, "activity_lines": [ 3.466867, 3.642582, 3.8824, 4.050194 ] } ], "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." } } }