{ "ticker": { "uuid": "e47cb4dd-1c58-4099-a197-a20d24dba3da", "symbol": "H78", "name": "Hongkong Land Holdings Limited", "exchange": "SES", "country": "SG", "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": "^STI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 84.75, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -6.86, "architecture_energy": 24.492, "architecture_maturity": 23.766, "architecture_confidence": 53.462, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 55.24, "rotation_up": 49.06, "upward_expansion": 34.35, "deceleration": 37.74, "rotation_down": 13.8, "downward_expansion": 43.35 }, "activity_lines": [ 7.884, 7.643091, 7.653143, 7.754833 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 7.97, "trend_reference": 7.889964, "distance_from_trend": 0.010144, "trend_direction": "Improving", "fair_value": 4.860887, "distance_from_fair_value": 0.639619, "fair_value_direction": "Weakening", "relative_strength": -7.071209, "relative_strength_direction": "Weakening", "price_momentum": -0.003764, "excess_performance": -0.1586, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010144, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038648, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.639619, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.19017, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.070712, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.193916, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.003764, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.687433, "read": "Supply-led" } ], "volume": { "latest": 9493400, "relative_activity": 0.929973, "balance": 0.687433, "dry_up": 1.005742, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.049223, "annualized_volatility": 0.239531, "from_high_reference": -0.106447, "from_low_reference": 0.404441 }, "levels": { "trend_reference": 7.889964, "fair_value_reference": 4.860887, "structural_low": 6.98, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.046313, "positive_rate": 0.307692, "directional_follow_through": 0.307692, "median_excess_return": -0.042976, "regime_survival": 0.384615, "best_return": 0.239506, "worst_return": -0.122661, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.015374, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.011639, "regime_survival": 0.375, "best_return": 0.548148, "worst_return": -0.189616, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.014849, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.085983, "regime_survival": 0.2, "best_return": 0.595919, "worst_return": -0.12048, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.246584, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.149642, "regime_survival": 0.25, "best_return": 1.060152, "worst_return": -0.201471, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-28", "tenure": "Developing", "return": -0.047198, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-08-16", "tenure": "Developing", "return": 0.07764, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-23", "end": "2024-12-27", "tenure": "Established", "return": 0.242254, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-28", "tenure": "Developing", "return": 0.015731, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": 0.023493, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.212346, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-10-17", "tenure": "Established", "return": 0.243285, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": 0.154589, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-27", "tenure": "Established", "return": 0.1599, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": 0.028241, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.038058, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-07-10", "tenure": "New", "return": 0.036827, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": 0.061438, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.088911, "volume": 9402900, "typical_volume": 8952247.8, "trend": 3.586453, "fair_value": 3.709471, "relative_strength": -13.456555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.486698, "energy": 68.764406, "activity_lines": [ 3.090329, 3.156408, 3.3339, 3.441248 ] }, { "date": "2023-08-25", "close": 3.088911, "volume": 6672900, "typical_volume": 8945007.8, "trend": 3.553265, "fair_value": 3.71046, "relative_strength": -13.484823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.131571, "energy": 63.88523, "activity_lines": [ 3.085995, 3.132076, 3.29718, 3.409149 ] }, { "date": "2023-09-01", "close": 3.088911, "volume": 5282600, "typical_volume": 8730967.8, "trend": 3.520903, "fair_value": 3.711498, "relative_strength": -14.241367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.511197, "energy": 58.238422, "activity_lines": [ 3.089165, 3.114927, 3.26328, 3.379191 ] }, { "date": "2023-09-08", "close": 3.167222, "volume": 5575600, "typical_volume": 8408912.8, "trend": 3.493351, "fair_value": 3.713472, "relative_strength": -11.026682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.059212, "energy": 47.44758, "activity_lines": [ 3.117382, 3.116552, 3.239778, 3.356372 ] }, { "date": "2023-09-15", "close": 3.088911, "volume": 12126200, "typical_volume": 8719647.8, "trend": 3.46704, "fair_value": 3.715329, "relative_strength": -14.737755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.996265, "energy": 45.501757, "activity_lines": [ 3.109794, 3.107052, 3.211712, 3.330279 ] }, { "date": "2023-09-22", "close": 3.0019, "volume": 6830900, "typical_volume": 8821172.8, "trend": 3.442229, "fair_value": 3.716967, "relative_strength": -14.742532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.827091, "energy": 53.703533, "activity_lines": [ 3.07557, 3.084868, 3.178708, 3.30027 ] }, { "date": "2023-09-29", "close": 3.106314, "volume": 9273800, "typical_volume": 8913327.8, "trend": 3.421174, "fair_value": 3.718936, "relative_strength": -11.814044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.549627, "energy": 44.409021, "activity_lines": [ 3.081951, 3.087009, 3.159289, 3.278598 ] }, { "date": "2023-10-06", "close": 3.019302, "volume": 7133500, "typical_volume": 8901292.8, "trend": 3.399969, "fair_value": 3.720155, "relative_strength": -12.731022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.941494, "energy": 49.140525, "activity_lines": [ 3.058167, 3.075059, 3.134971, 3.252671 ] }, { "date": "2023-10-13", "close": 2.975796, "volume": 6159100, "typical_volume": 8883227.8, "trend": 3.380178, "fair_value": 3.721094, "relative_strength": -13.888301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.867196, "energy": 51.114522, "activity_lines": [ 3.024523, 3.056176, 3.109823, 3.225305 ] }, { "date": "2023-10-20", "close": 2.940992, "volume": 6665500, "typical_volume": 8902147.8, "trend": 3.357514, "fair_value": 3.721763, "relative_strength": -11.537958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.712091, "energy": 51.987017, "activity_lines": [ 2.992039, 3.0318, 3.085003, 3.196971 ] }, { "date": "2023-10-27", "close": 2.749566, "volume": 11230000, "typical_volume": 9134737.8, "trend": 3.323904, "fair_value": 3.721686, "relative_strength": -16.674728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.094135, "energy": 75.230563, "activity_lines": [ 2.905607, 2.975954, 3.045515, 3.157748 ] }, { "date": "2023-11-03", "close": 2.897486, "volume": 10780600, "typical_volume": 9138078.8, "trend": 3.297792, "fair_value": 3.721449, "relative_strength": -14.205226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.729866, "energy": 64.492149, "activity_lines": [ 2.885304, 2.953173, 3.024061, 3.130237 ] }, { "date": "2023-11-10", "close": 2.810474, "volume": 9939400, "typical_volume": 9204804.85, "trend": 3.267925, "fair_value": 3.719399, "relative_strength": -15.516378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.625276, "energy": 68.343904, "activity_lines": [ 2.849919, 2.918052, 2.997112, 3.098798 ] }, { "date": "2023-11-17", "close": 2.862681, "volume": 8279800, "typical_volume": 9165759.85, "trend": 3.237515, "fair_value": 3.717057, "relative_strength": -14.311717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.299033, "energy": 54.247696, "activity_lines": [ 2.845859, 2.897486, 2.977649, 3.072653 ] }, { "date": "2023-11-24", "close": 2.914888, "volume": 7379800, "typical_volume": 9215664.85, "trend": 3.208274, "fair_value": 3.715388, "relative_strength": -11.779431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.167079, "energy": 43.239424, "activity_lines": [ 2.866742, 2.891949, 2.965424, 3.051838 ] }, { "date": "2023-12-01", "close": 2.77567, "volume": 14405200, "typical_volume": 9401149.85, "trend": 3.175249, "fair_value": 3.712681, "relative_strength": -15.631117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.24704, "energy": 45.687292, "activity_lines": [ 2.842959, 2.864263, 2.94159, 3.023928 ] }, { "date": "2023-12-08", "close": 2.85398, "volume": 7269000, "typical_volume": 9330525.0, "trend": 3.143122, "fair_value": 3.710332, "relative_strength": -13.462254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.729328, "energy": 37.637821, "activity_lines": [ 2.843539, 2.854929, 2.92769, 3.003201 ] }, { "date": "2023-12-15", "close": 2.940992, "volume": 9656300, "typical_volume": 8916655.0, "trend": 3.117319, "fair_value": 3.709119, "relative_strength": -10.665944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.938904, "energy": 27.264837, "activity_lines": [ 2.876023, 2.866004, 2.923732, 2.990161 ] }, { "date": "2023-12-22", "close": 2.940992, "volume": 10561300, "typical_volume": 8585130.0, "trend": 3.090661, "fair_value": 3.707762, "relative_strength": -10.985096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.810837, "energy": 22.917603, "activity_lines": [ 2.899806, 2.878502, 2.920402, 2.978785 ] }, { "date": "2023-12-29", "close": 3.028003, "volume": 3881800, "typical_volume": 8425310.0, "trend": 3.068615, "fair_value": 3.707058, "relative_strength": -10.798723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.74116, "energy": 14.572521, "activity_lines": [ 2.947373, 2.907453, 2.925744, 2.974742 ] }, { "date": "2024-01-05", "close": 2.993198, "volume": 5265300, "typical_volume": 8218430.0, "trend": 3.049118, "fair_value": 3.705505, "relative_strength": -9.833489, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.513356, "energy": 14.439398, "activity_lines": [ 2.975796, 2.928494, 2.92823, 2.969877 ] }, { "date": "2024-01-12", "close": 2.906187, "volume": 11845400, "typical_volume": 8477055.0, "trend": 3.029859, "fair_value": 3.701898, "relative_strength": -12.148414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.181501, "energy": 13.4906, "activity_lines": [ 2.960714, 2.929285, 2.922885, 2.960655 ] }, { "date": "2024-01-19", "close": 2.723463, "volume": 7645900, "typical_volume": 8595220.0, "trend": 3.009361, "fair_value": 3.697169, "relative_strength": -16.115273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.459673, "energy": 27.083084, "activity_lines": [ 2.881244, 2.896695, 2.901008, 2.940888 ] }, { "date": "2024-01-26", "close": 2.758267, "volume": 7968300, "typical_volume": 8714855.0, "trend": 2.990022, "fair_value": 3.692518, "relative_strength": -14.711831, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.49722, "energy": 46.406083, "activity_lines": [ 2.827876, 2.872015, 2.884185, 2.924688 ] }, { "date": "2024-02-02", "close": 2.749566, "volume": 13661200, "typical_volume": 8791605.0, "trend": 2.972962, "fair_value": 3.688245, "relative_strength": -14.987158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.794817, "energy": 62.990757, "activity_lines": [ 2.783791, 2.847652, 2.868482, 2.909175 ] }, { "date": "2024-02-09", "close": 2.758267, "volume": 7828200, "typical_volume": 8841470.0, "trend": 2.95505, "fair_value": 3.683787, "relative_strength": -13.082648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.54984, "energy": 65.98085, "activity_lines": [ 2.761168, 2.827876, 2.855223, 2.895323 ] }, { "date": "2024-02-16", "close": 2.819175, "volume": 5822100, "typical_volume": 8668885.0, "trend": 2.942307, "fair_value": 3.679816, "relative_strength": -12.989257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.854437, "energy": 57.249186, "activity_lines": [ 2.774509, 2.819492, 2.848925, 2.886557 ] }, { "date": "2024-02-23", "close": 2.845279, "volume": 7407500, "typical_volume": 8682585.0, "trend": 2.934714, "fair_value": 3.674806, "relative_strength": -10.73928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.42726, "energy": 32.528699, "activity_lines": [ 2.802353, 2.816486, 2.84648, 2.880297 ] }, { "date": "2024-03-01", "close": 2.819175, "volume": 12977000, "typical_volume": 9023480.0, "trend": 2.927963, "fair_value": 3.669339, "relative_strength": -9.725305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.091083, "energy": 22.179018, "activity_lines": [ 2.813374, 2.810474, 2.842378, 2.872843 ] }, { "date": "2024-03-08", "close": 2.819175, "volume": 10927000, "typical_volume": 9236555.0, "trend": 2.917788, "fair_value": 3.662474, "relative_strength": -9.605832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.005016, "energy": 16.675471, "activity_lines": [ 2.820335, 2.806677, 2.839022, 2.865825 ] }, { "date": "2024-03-15", "close": 2.819175, "volume": 13368450, "typical_volume": 9343477.5, "trend": 2.908797, "fair_value": 3.65667, "relative_strength": -9.935891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.945652, "energy": 15.39426, "activity_lines": [ 2.822656, 2.806677, 2.836246, 2.859463 ] }, { "date": "2024-03-22", "close": 2.866333, "volume": 9894300, "typical_volume": 9299162.5, "trend": 2.901378, "fair_value": 3.65048, "relative_strength": -9.292217, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.467625, "energy": 12.062604, "activity_lines": [ 2.836635, 2.818415, 2.83763, 2.856723 ] }, { "date": "2024-03-29", "close": 2.811387, "volume": 6882100, "typical_volume": 9146297.5, "trend": 2.892127, "fair_value": 3.643938, "relative_strength": -10.706164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.329248, "energy": 13.268667, "activity_lines": [ 2.829154, 2.820888, 2.833929, 2.850917 ] }, { "date": "2024-04-05", "close": 2.811387, "volume": 9574500, "typical_volume": 9211032.5, "trend": 2.880266, "fair_value": 3.637196, "relative_strength": -10.118886, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.692769, "energy": 13.689447, "activity_lines": [ 2.823934, 2.821762, 2.830223, 2.845708 ] }, { "date": "2024-04-12", "close": 2.738127, "volume": 7992800, "typical_volume": 9241682.5, "trend": 2.868573, "fair_value": 3.629836, "relative_strength": -11.95198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.923779, "energy": 26.144156, "activity_lines": [ 2.794812, 2.80835, 2.819785, 2.836538 ] }, { "date": "2024-04-19", "close": 2.591604, "volume": 11768100, "typical_volume": 9109827.5, "trend": 2.854897, "fair_value": 3.621586, "relative_strength": -15.062082, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.446437, "energy": 62.588781, "activity_lines": [ 2.722253, 2.768506, 2.796234, 2.818669 ] }, { "date": "2024-04-26", "close": 2.875491, "volume": 12186700, "typical_volume": 9355712.5, "trend": 2.847203, "fair_value": 3.615355, "relative_strength": -8.214444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.440107, "energy": 35.444287, "activity_lines": [ 2.759494, 2.783307, 2.800597, 2.819997 ] }, { "date": "2024-05-03", "close": 2.976225, "volume": 12059300, "typical_volume": 9475862.5, "trend": 2.845767, "fair_value": 3.610219, "relative_strength": -4.89199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.58471, "energy": 3.019606, "activity_lines": [ 2.829703, 2.815401, 2.81445, 2.828321 ] }, { "date": "2024-05-10", "close": 3.0678, "volume": 11708700, "typical_volume": 9533232.5, "trend": 2.848834, "fair_value": 3.606117, "relative_strength": -1.385096, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 31.62887, "energy": 36.132695, "activity_lines": [ 2.919447, 2.861763, 2.836857, 2.842646 ] }, { "date": "2024-05-17", "close": 3.131904, "volume": 12012900, "typical_volume": 9939787.5, "trend": 2.855197, "fair_value": 3.602477, "relative_strength": 0.422232, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "up", "direction": 76.395354, "energy": 67.854239, "activity_lines": [ 3.013465, 2.91526, 2.864766, 2.860909 ] }, { "date": "2024-05-24", "close": 3.104431, "volume": 10259700, "typical_volume": 10189507.5, "trend": 2.867026, "fair_value": 3.597963, "relative_strength": -0.081056, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.515837, "energy": 76.451625, "activity_lines": [ 3.072074, 2.958076, 2.889563, 2.876988 ] }, { "date": "2024-05-31", "close": 3.104431, "volume": 15798600, "typical_volume": 10387167.5, "trend": 2.873924, "fair_value": 3.5932, "relative_strength": -0.199879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.569422, "energy": 77.310894, "activity_lines": [ 3.096494, 2.995705, 2.913831, 2.892305 ] }, { "date": "2024-06-07", "close": 3.131904, "volume": 12396300, "typical_volume": 10624687.5, "trend": 2.884639, "fair_value": 3.588762, "relative_strength": 1.24023, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.201847, "energy": 76.963448, "activity_lines": [ 3.11481, 3.034001, 2.939771, 2.908949 ] }, { "date": "2024-06-14", "close": 2.948751, "volume": 9270500, "typical_volume": 10689797.5, "trend": 2.887508, "fair_value": 3.582602, "relative_strength": -3.37096, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.296386, "energy": 44.063058, "activity_lines": [ 3.061695, 3.033168, 2.946323, 2.913085 ] }, { "date": "2024-06-21", "close": 2.985382, "volume": 8804300, "typical_volume": 10446952.5, "trend": 2.889857, "fair_value": 3.577773, "relative_strength": -2.130409, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.684622, "energy": 30.670268, "activity_lines": [ 3.028728, 3.036498, 2.955457, 2.919399 ] }, { "date": "2024-06-28", "close": 2.957909, "volume": 8411300, "typical_volume": 10476107.5, "trend": 2.895932, "fair_value": 3.573018, "relative_strength": -3.500854, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.271462, "energy": 21.014496, "activity_lines": [ 2.996371, 3.030337, 2.960851, 2.92379 ] }, { "date": "2024-07-05", "close": 2.948751, "volume": 7424300, "typical_volume": 10556217.5, "trend": 2.899091, "fair_value": 3.568303, "relative_strength": -5.656021, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.28388, "energy": 22.552296, "activity_lines": [ 2.97073, 3.015852, 2.964422, 2.927198 ] }, { "date": "2024-07-12", "close": 3.058643, "volume": 6486500, "typical_volume": 10510167.5, "trend": 2.903013, "fair_value": 3.564591, "relative_strength": -4.292078, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.491726, "energy": 20.253452, "activity_lines": [ 2.992097, 3.020014, 2.977842, 2.937491 ] }, { "date": "2024-07-19", "close": 3.086116, "volume": 7973700, "typical_volume": 10260002.5, "trend": 2.90785, "fair_value": 3.560857, "relative_strength": -1.857587, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.775078, "energy": 23.980395, "activity_lines": [ 3.027507, 3.027673, 2.992863, 2.949304 ] }, { "date": "2024-07-26", "close": 3.076958, "volume": 4599800, "typical_volume": 9943642.5, "trend": 2.909482, "fair_value": 3.55796, "relative_strength": -1.518358, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.940436, "energy": 33.476775, "activity_lines": [ 3.050706, 3.033335, 3.00574, 2.960215 ] }, { "date": "2024-08-02", "close": 2.939594, "volume": 8065700, "typical_volume": 9678505.0, "trend": 2.907695, "fair_value": 3.554731, "relative_strength": -4.564696, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.514759, "energy": 25.726858, "activity_lines": [ 3.022012, 3.015019, 3.004308, 2.962157 ] }, { "date": "2024-08-09", "close": 3.058643, "volume": 12557700, "typical_volume": 9811675.0, "trend": 2.912777, "fair_value": 3.552813, "relative_strength": 2.965215, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.468256, "energy": 27.96544, "activity_lines": [ 3.034223, 3.021346, 3.01364, 2.971896 ] }, { "date": "2024-08-16", "close": 3.177692, "volume": 10021400, "typical_volume": 9968640.0, "trend": 2.927918, "fair_value": 3.552111, "relative_strength": 4.123603, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.228504, "energy": 40.041318, "activity_lines": [ 3.07879, 3.050151, 3.033394, 2.988987 ] }, { "date": "2024-08-23", "close": 3.30621, "volume": 11044700, "typical_volume": 10042150.0, "trend": 2.946183, "fair_value": 3.551777, "relative_strength": 7.195375, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.529698, "energy": 60.944583, "activity_lines": [ 3.15826, 3.101491, 3.063644, 3.013393 ] }, { "date": "2024-08-30", "close": 3.492475, "volume": 14381565, "typical_volume": 10361588.25, "trend": 2.970946, "fair_value": 3.552839, "relative_strength": 11.288805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.220194, "energy": 84.57073, "activity_lines": [ 3.285145, 3.180197, 3.109277, 3.048638 ] }, { "date": "2024-09-06", "close": 3.417969, "volume": 7454200, "typical_volume": 10145893.25, "trend": 2.992937, "fair_value": 3.550493, "relative_strength": 8.54607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.068361, "energy": 82.894137, "activity_lines": [ 3.359493, 3.236137, 3.144222, 3.077478 ] }, { "date": "2024-09-13", "close": 3.380716, "volume": 14702100, "typical_volume": 10271663.25, "trend": 3.011655, "fair_value": 3.549273, "relative_strength": 4.086702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.24219, "energy": 80.827406, "activity_lines": [ 3.389533, 3.276939, 3.171684, 3.102496 ] }, { "date": "2024-09-20", "close": 3.417969, "volume": 15990100, "typical_volume": 10468203.25, "trend": 3.030744, "fair_value": 3.547584, "relative_strength": 3.416814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.947113, "energy": 78.212061, "activity_lines": [ 3.410518, 3.31666, 3.200288, 3.12871 ] }, { "date": "2024-09-27", "close": 3.436595, "volume": 18971100, "typical_volume": 10831323.25, "trend": 3.051325, "fair_value": 3.545307, "relative_strength": 5.48438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.331135, "energy": 57.363514, "activity_lines": [ 3.421694, 3.353235, 3.228563, 3.154894 ] }, { "date": "2024-10-04", "close": 3.660114, "volume": 31021442, "typical_volume": 11781750.35, "trend": 3.079356, "fair_value": 3.543906, "relative_strength": 11.689864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.121026, "energy": 62.630408, "activity_lines": [ 3.498684, 3.424077, 3.276369, 3.19417 ] }, { "date": "2024-10-11", "close": 3.650801, "volume": 22701200, "typical_volume": 12403825.35, "trend": 3.107077, "fair_value": 3.541941, "relative_strength": 11.679047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.64948, "energy": 60.854607, "activity_lines": [ 3.561393, 3.482623, 3.320772, 3.231038 ] }, { "date": "2024-10-18", "close": 3.743933, "volume": 14899000, "typical_volume": 12358845.35, "trend": 3.13633, "fair_value": 3.539512, "relative_strength": 12.266593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.889243, "energy": 70.921773, "activity_lines": [ 3.639625, 3.545171, 3.371444, 3.272125 ] }, { "date": "2024-10-25", "close": 3.660114, "volume": 16188046, "typical_volume": 12548432.65, "trend": 3.164621, "fair_value": 3.53513, "relative_strength": 10.901322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.753007, "energy": 67.86005, "activity_lines": [ 3.665702, 3.58002, 3.411087, 3.305918 ] }, { "date": "2024-11-01", "close": 4.172344, "volume": 44102785, "typical_volume": 14290046.9, "trend": 3.209987, "fair_value": 3.533122, "relative_strength": 27.102163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.698674, "energy": 83.929776, "activity_lines": [ 3.846379, 3.69923, 3.497, 3.370932 ] }, { "date": "2024-11-08", "close": 4.312043, "volume": 37405300, "typical_volume": 15720096.9, "trend": 3.26245, "fair_value": 3.53206, "relative_strength": 24.741629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.891872, "energy": 90.945866, "activity_lines": [ 4.024573, 3.828092, 3.59039, 3.442033 ] }, { "date": "2024-11-15", "close": 4.349296, "volume": 17706700, "typical_volume": 16184866.9, "trend": 3.32104, "fair_value": 3.530732, "relative_strength": 24.503457, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.22996, "energy": 89.32117, "activity_lines": [ 4.171723, 3.948825, 3.68101, 3.512152 ] }, { "date": "2024-11-22", "close": 4.349296, "volume": 13232700, "typical_volume": 16475286.9, "trend": 3.370167, "fair_value": 3.530718, "relative_strength": 23.899761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.53991, "energy": 88.459155, "activity_lines": [ 4.272306, 4.052626, 3.765005, 3.578491 ] }, { "date": "2024-11-29", "close": 4.237536, "volume": 21498549, "typical_volume": 17225889.35, "trend": 3.412211, "fair_value": 3.529936, "relative_strength": 20.352713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.098497, "energy": 79.523888, "activity_lines": [ 4.295279, 4.118496, 3.831687, 3.63445 ] }, { "date": "2024-12-06", "close": 4.405175, "volume": 22770300, "typical_volume": 17965719.35, "trend": 3.45679, "fair_value": 3.530482, "relative_strength": 22.631087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.749518, "energy": 67.38003, "activity_lines": [ 4.335636, 4.199945, 3.908721, 3.698512 ] }, { "date": "2024-12-13", "close": 4.24685, "volume": 18035708, "typical_volume": 18637514.75, "trend": 3.493955, "fair_value": 3.531428, "relative_strength": 17.375761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.690447, "energy": 58.041116, "activity_lines": [ 4.307696, 4.234997, 3.964395, 3.749484 ] }, { "date": "2024-12-20", "close": 4.023332, "volume": 24169700, "typical_volume": 19442714.75, "trend": 3.524585, "fair_value": 3.530941, "relative_strength": 13.567409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.233574, "energy": 42.111011, "activity_lines": [ 4.209597, 4.218741, 3.993211, 3.783637 ] }, { "date": "2024-12-27", "close": 4.107151, "volume": 4352300, "typical_volume": 19032444.75, "trend": 3.558009, "fair_value": 3.530992, "relative_strength": 13.988668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.940759, "energy": 35.311347, "activity_lines": [ 4.161168, 4.210952, 4.024848, 3.821222 ] }, { "date": "2025-01-03", "close": 4.144403, "volume": 4536300, "typical_volume": 18758189.75, "trend": 3.591759, "fair_value": 3.529765, "relative_strength": 13.765063, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.331534, "energy": 27.839003, "activity_lines": [ 4.141299, 4.203331, 4.055041, 3.859054 ] }, { "date": "2025-01-10", "close": 3.986078, "volume": 7299400, "typical_volume": 18570924.75, "trend": 3.626336, "fair_value": 3.527776, "relative_strength": 9.124542, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.505841, "energy": 23.216053, "activity_lines": [ 4.074865, 4.15812, 4.065551, 3.884494 ] }, { "date": "2025-01-17", "close": 3.892945, "volume": 9094800, "typical_volume": 18306586.5, "trend": 3.656588, "fair_value": 3.525089, "relative_strength": 5.982754, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.556625, "energy": 19.74148, "activity_lines": [ 4.005325, 4.099361, 4.063955, 3.901695 ] }, { "date": "2025-01-24", "close": 3.976765, "volume": 8678400, "typical_volume": 18367796.5, "trend": 3.69055, "fair_value": 3.522939, "relative_strength": 8.07862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.317102, "energy": 15.339598, "activity_lines": [ 3.98732, 4.063463, 4.068434, 3.922351 ] }, { "date": "2025-01-31", "close": 4.060585, "volume": 6766400, "typical_volume": 17971011.5, "trend": 3.727611, "fair_value": 3.52072, "relative_strength": 8.474615, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.870195, "energy": 15.84388, "activity_lines": [ 4.000359, 4.049578, 4.078235, 3.946224 ] }, { "date": "2025-02-07", "close": 4.060585, "volume": 12100500, "typical_volume": 17776531.5, "trend": 3.761009, "fair_value": 3.5184, "relative_strength": 7.948077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.634628, "energy": 12.898704, "activity_lines": [ 4.016502, 4.040942, 4.084799, 3.967706 ] }, { "date": "2025-02-14", "close": 4.051271, "volume": 15483000, "typical_volume": 17602126.5, "trend": 3.793181, "fair_value": 3.516172, "relative_strength": 6.895471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.731738, "energy": 16.368734, "activity_lines": [ 4.035128, 4.03383, 4.087416, 3.986433 ] }, { "date": "2025-02-21", "close": 4.209597, "volume": 13249862, "typical_volume": 16713547.5, "trend": 3.830936, "fair_value": 3.515111, "relative_strength": 9.208849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.644733, "energy": 28.575418, "activity_lines": [ 4.102184, 4.061939, 4.102184, 4.013299 ] }, { "date": "2025-02-28", "close": 4.209597, "volume": 16506200, "typical_volume": 16403797.5, "trend": 3.873269, "fair_value": 3.514807, "relative_strength": 9.777976, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.575128, "energy": 33.305718, "activity_lines": [ 4.148129, 4.090726, 4.114335, 4.037728 ] }, { "date": "2025-03-07", "close": 4.153717, "volume": 15497300, "typical_volume": 16433712.5, "trend": 3.909772, "fair_value": 3.515611, "relative_strength": 7.454015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.934341, "energy": 31.916052, "activity_lines": [ 4.159926, 4.105966, 4.118504, 4.055822 ] }, { "date": "2025-03-14", "close": 4.088524, "volume": 13960500, "typical_volume": 16322335.2, "trend": 3.940133, "fair_value": 3.515847, "relative_strength": 7.5594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.011394, "energy": 29.473617, "activity_lines": [ 4.143783, 4.108505, 4.114513, 4.067354 ] }, { "date": "2025-03-21", "close": 4.154459, "volume": 21919900, "typical_volume": 15213190.95, "trend": 3.968408, "fair_value": 3.515932, "relative_strength": 6.431199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.980553, "energy": 28.962906, "activity_lines": [ 4.147756, 4.12405, 4.114761, 4.081182 ] }, { "date": "2025-03-28", "close": 4.183511, "volume": 16928500, "typical_volume": 14189350.95, "trend": 3.991442, "fair_value": 3.516464, "relative_strength": 5.565074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.117078, "energy": 26.432694, "activity_lines": [ 4.154533, 4.141814, 4.117861, 4.095059 ] }, { "date": "2025-04-04", "close": 4.251299, "volume": 12838300, "typical_volume": 13945930.95, "trend": 4.01922, "fair_value": 3.517953, "relative_strength": 10.877478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.438544, "energy": 29.45731, "activity_lines": [ 4.185645, 4.166621, 4.128029, 4.111824 ] }, { "date": "2025-04-11", "close": 3.922041, "volume": 17215600, "typical_volume": 14145075.95, "trend": 4.037264, "fair_value": 3.517697, "relative_strength": 10.850225, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.811097, "energy": 5.728136, "activity_lines": [ 4.104225, 4.126572, 4.107306, 4.105555 ] }, { "date": "2025-04-18", "close": 3.989829, "volume": 10478900, "typical_volume": 13594093.5, "trend": 4.056326, "fair_value": 3.518659, "relative_strength": 5.948583, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.367691, "energy": 8.334823, "activity_lines": [ 4.060846, 4.101366, 4.095073, 4.102494 ] }, { "date": "2025-04-25", "close": 4.4934, "volume": 16452500, "typical_volume": 13278203.5, "trend": 4.091553, "fair_value": 3.522954, "relative_strength": 15.438001, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.103313, "energy": 28.668679, "activity_lines": [ 4.191903, 4.169005, 4.131979, 4.130693 ] }, { "date": "2025-05-02", "close": 4.754869, "volume": 15404000, "typical_volume": 13146618.1, "trend": 4.128045, "fair_value": 3.528769, "relative_strength": 20.717824, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 76.862049, "energy": 59.575296, "activity_lines": [ 4.387521, 4.276145, 4.193367, 4.173487 ] }, { "date": "2025-05-09", "close": 4.861394, "volume": 17957000, "typical_volume": 12835983.1, "trend": 4.168398, "fair_value": 3.535841, "relative_strength": 21.699111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.949167, "energy": 79.269381, "activity_lines": [ 4.580556, 4.39274, 4.262481, 4.2208 ] }, { "date": "2025-05-16", "close": 5.016339, "volume": 15961600, "typical_volume": 13416448.1, "trend": 4.210812, "fair_value": 3.542809, "relative_strength": 24.087213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.604912, "energy": 87.908348, "activity_lines": [ 4.784567, 4.525655, 4.342361, 4.275506 ] }, { "date": "2025-05-23", "close": 5.103496, "volume": 13061194, "typical_volume": 13842692.8, "trend": 4.258924, "fair_value": 3.551224, "relative_strength": 25.862293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.139024, "energy": 90.878785, "activity_lines": [ 4.944677, 4.658733, 4.426212, 4.333098 ] }, { "date": "2025-05-30", "close": 5.006655, "volume": 16806200, "typical_volume": 14318032.8, "trend": 4.286735, "fair_value": 3.556301, "relative_strength": 22.287917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.535787, "energy": 87.239823, "activity_lines": [ 4.998262, 4.75575, 4.496273, 4.381339 ] }, { "date": "2025-06-06", "close": 5.287492, "volume": 15788826, "typical_volume": 14652734.1, "trend": 4.31925, "fair_value": 3.563596, "relative_strength": 26.907722, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.561094, "energy": 91.665028, "activity_lines": [ 5.111243, 4.888333, 4.58822, 4.445904 ] }, { "date": "2025-06-13", "close": 5.432754, "volume": 11382400, "typical_volume": 14787934.1, "trend": 4.355365, "fair_value": 3.572292, "relative_strength": 29.988843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.690449, "energy": 89.849342, "activity_lines": [ 5.237136, 5.027256, 4.687362, 4.517743 ] }, { "date": "2025-06-20", "close": 5.316545, "volume": 12823500, "typical_volume": 15090789.1, "trend": 4.387606, "fair_value": 3.580766, "relative_strength": 27.0595, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.973416, "energy": 75.963424, "activity_lines": [ 5.286202, 5.123568, 4.768502, 4.579755 ] }, { "date": "2025-06-27", "close": 5.655487, "volume": 17499000, "typical_volume": 15360714.1, "trend": 4.434871, "fair_value": 3.590577, "relative_strength": 31.0796, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.775095, "energy": 83.19103, "activity_lines": [ 5.428234, 5.256152, 4.875942, 4.661553 ] }, { "date": "2025-07-04", "close": 6.139689, "volume": 20867300, "typical_volume": 15629929.1, "trend": 4.492689, "fair_value": 3.603753, "relative_strength": 38.986512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.942576, "energy": 91.257392, "activity_lines": [ 5.694869, 5.446487, 5.021901, 4.771542 ] }, { "date": "2025-07-11", "close": 6.071901, "volume": 15089200, "typical_volume": 15721896.0, "trend": 4.553524, "fair_value": 3.617383, "relative_strength": 33.531982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.447141, "energy": 92.065398, "activity_lines": [ 5.863371, 5.594565, 5.15146, 4.873426 ] }, { "date": "2025-07-18", "close": 6.052533, "volume": 11149500, "typical_volume": 15454061.0, "trend": 4.621164, "fair_value": 3.630575, "relative_strength": 28.652967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.828664, "energy": 89.96895, "activity_lines": [ 5.973124, 5.715176, 5.270306, 4.970137 ] }, { "date": "2025-07-25", "close": 5.994428, "volume": 11432929, "typical_volume": 15250842.45, "trend": 4.684073, "fair_value": 3.641879, "relative_strength": 24.195871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.327798, "energy": 87.629676, "activity_lines": [ 6.022189, 5.803565, 5.374842, 5.058734 ] }, { "date": "2025-08-01", "close": 5.742643, "volume": 18263600, "typical_volume": 15465997.45, "trend": 4.737348, "fair_value": 3.651569, "relative_strength": 20.996516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.902445, "energy": 65.400992, "activity_lines": [ 5.942134, 5.828391, 5.446634, 5.127029 ] }, { "date": "2025-08-08", "close": 5.946008, "volume": 11583500, "typical_volume": 14949177.45, "trend": 4.802679, "fair_value": 3.663713, "relative_strength": 21.78764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.171512, "energy": 62.714724, "activity_lines": [ 5.924058, 5.878572, 5.529917, 5.205007 ] }, { "date": "2025-08-15", "close": 6.004112, "volume": 7520900, "typical_volume": 14478797.45, "trend": 4.873051, "fair_value": 3.676229, "relative_strength": 22.285225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.307786, "energy": 60.102592, "activity_lines": [ 5.938261, 5.922238, 5.610202, 5.282519 ] }, { "date": "2025-08-22", "close": 6.024537, "volume": 14284027, "typical_volume": 14551083.8, "trend": 4.94131, "fair_value": 3.688983, "relative_strength": 21.167625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.37707, "energy": 55.114204, "activity_lines": [ 5.963791, 5.956588, 5.683763, 5.356808 ] }, { "date": "2025-08-29", "close": 6.063657, "volume": 11619063, "typical_volume": 14271256.95, "trend": 5.008079, "fair_value": 3.702569, "relative_strength": 20.672527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.932599, "energy": 56.259016, "activity_lines": [ 6.004229, 5.987292, 5.752606, 5.429218 ] }, { "date": "2025-09-05", "close": 6.239699, "volume": 15151121, "typical_volume": 14504868.0, "trend": 5.080716, "fair_value": 3.717283, "relative_strength": 22.181297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.822178, "energy": 60.877094, "activity_lines": [ 6.098731, 6.036419, 5.828016, 5.508677 ] }, { "date": "2025-09-12", "close": 6.27882, "volume": 9507600, "typical_volume": 14157623.0, "trend": 5.154968, "fair_value": 3.731878, "relative_strength": 20.922132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.946477, "energy": 61.234323, "activity_lines": [ 6.173137, 6.082037, 5.896439, 5.585974 ] }, { "date": "2025-09-19", "close": 6.582003, "volume": 29389748, "typical_volume": 14856910.4, "trend": 5.234048, "fair_value": 3.748628, "relative_strength": 26.787569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.119693, "energy": 63.052652, "activity_lines": [ 6.326416, 6.18025, 5.985234, 5.678041 ] }, { "date": "2025-09-26", "close": 6.112558, "volume": 17770909, "typical_volume": 14847605.85, "trend": 5.29748, "fair_value": 3.764431, "relative_strength": 17.873387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.762357, "energy": 52.194633, "activity_lines": [ 6.284688, 6.183834, 6.02062, 5.734719 ] }, { "date": "2025-10-03", "close": 6.405961, "volume": 14384900, "typical_volume": 14768770.85, "trend": 5.372555, "fair_value": 3.781164, "relative_strength": 18.63315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.927329, "energy": 54.570301, "activity_lines": [ 6.334892, 6.239673, 6.077991, 5.806234 ] }, { "date": "2025-10-10", "close": 6.25926, "volume": 7987200, "typical_volume": 14515071.15, "trend": 5.444913, "fair_value": 3.797855, "relative_strength": 14.81301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.905923, "energy": 47.625114, "activity_lines": [ 6.313376, 6.261357, 6.114773, 5.863441 ] }, { "date": "2025-10-17", "close": 6.044097, "volume": 10759051, "typical_volume": 14212713.7, "trend": 5.507901, "fair_value": 3.814277, "relative_strength": 12.732114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.105587, "energy": 29.661344, "activity_lines": [ 6.218835, 6.234527, 6.125559, 5.902098 ] }, { "date": "2025-10-24", "close": 6.073438, "volume": 14668892, "typical_volume": 14156717.0, "trend": 5.570898, "fair_value": 3.832686, "relative_strength": 10.282309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.566064, "energy": 24.747746, "activity_lines": [ 6.149723, 6.211248, 6.1342, 5.938584 ] }, { "date": "2025-10-31", "close": 5.975637, "volume": 10608200, "typical_volume": 14118007.0, "trend": 5.628376, "fair_value": 3.848935, "relative_strength": 8.056011, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.326376, "energy": 19.256255, "activity_lines": [ 6.081914, 6.168927, 6.129784, 5.964696 ] }, { "date": "2025-11-07", "close": 5.916956, "volume": 11557100, "typical_volume": 14054687.0, "trend": 5.694873, "fair_value": 3.864384, "relative_strength": 5.221378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.67538, "energy": 15.04218, "activity_lines": [ 6.003673, 6.116826, 6.117194, 5.983315 ] }, { "date": "2025-11-14", "close": 6.200579, "volume": 22120400, "typical_volume": 14285757.0, "trend": 5.768565, "fair_value": 3.883132, "relative_strength": 8.62152, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.046834, "energy": 14.305375, "activity_lines": [ 6.052574, 6.11896, 6.128757, 6.015941 ] }, { "date": "2025-11-21", "close": 6.190799, "volume": 10152600, "typical_volume": 13750022.0, "trend": 5.825145, "fair_value": 3.901552, "relative_strength": 9.939534, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.150466, "energy": 11.725175, "activity_lines": [ 6.102126, 6.120027, 6.136792, 6.043182 ] }, { "date": "2025-11-28", "close": 6.210359, "volume": 15911239, "typical_volume": 13791123.95, "trend": 5.873661, "fair_value": 3.919305, "relative_strength": 8.553626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.27426, "energy": 18.38647, "activity_lines": [ 6.148418, 6.12625, 6.146447, 6.068034 ] }, { "date": "2025-12-05", "close": 6.533102, "volume": 13436500, "typical_volume": 13905473.95, "trend": 5.929385, "fair_value": 3.937329, "relative_strength": 13.522849, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.826907, "energy": 43.560469, "activity_lines": [ 6.293164, 6.197912, 6.18618, 6.110579 ] }, { "date": "2025-12-12", "close": 7.012327, "volume": 21801879, "typical_volume": 14423921.45, "trend": 5.995918, "fair_value": 3.95853, "relative_strength": 19.635878, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 80.350583, "energy": 71.068593, "activity_lines": [ 6.560486, 6.349059, 6.269266, 6.180446 ] }, { "date": "2025-12-19", "close": 6.767824, "volume": 15700700, "typical_volume": 14295776.45, "trend": 6.051395, "fair_value": 3.97774, "relative_strength": 15.193292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.362108, "energy": 76.162, "activity_lines": [ 6.673283, 6.444726, 6.324218, 6.230246 ] }, { "date": "2025-12-26", "close": 6.865625, "volume": 5744091, "typical_volume": 14003806.0, "trend": 6.113361, "fair_value": 3.997419, "relative_strength": 14.513693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.146091, "energy": 81.344993, "activity_lines": [ 6.780864, 6.548928, 6.383602, 6.282777 ] }, { "date": "2026-01-02", "close": 6.894966, "volume": 5109400, "typical_volume": 13883231.0, "trend": 6.166943, "fair_value": 4.016281, "relative_strength": 13.848318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.758473, "energy": 81.827531, "activity_lines": [ 6.853237, 6.643528, 6.441402, 6.333203 ] }, { "date": "2026-01-09", "close": 7.560012, "volume": 17392100, "typical_volume": 14038634.65, "trend": 6.237852, "fair_value": 4.038877, "relative_strength": 21.5211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.239385, "energy": 90.22774, "activity_lines": [ 7.101652, 6.844109, 6.558298, 6.423079 ] }, { "date": "2026-01-16", "close": 8.078357, "volume": 18548800, "typical_volume": 14385121.5, "trend": 6.329912, "fair_value": 4.065272, "relative_strength": 25.866732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.052404, "energy": 96.408169, "activity_lines": [ 7.454387, 7.110128, 6.717247, 6.541821 ] }, { "date": "2026-01-23", "close": 7.990336, "volume": 12364800, "typical_volume": 14245805.45, "trend": 6.407741, "fair_value": 4.090309, "relative_strength": 22.37164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.228045, "energy": 93.624743, "activity_lines": [ 7.706713, 7.320844, 6.85822, 6.648945 ] }, { "date": "2026-01-30", "close": 8.303299, "volume": 14903900, "typical_volume": 14515620.45, "trend": 6.479861, "fair_value": 4.117511, "relative_strength": 25.652093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.628587, "energy": 94.664985, "activity_lines": [ 7.98186, 7.555922, 7.020663, 6.771239 ] }, { "date": "2026-02-06", "close": 8.000116, "volume": 22240333, "typical_volume": 14158149.7, "trend": 6.544135, "fair_value": 4.143193, "relative_strength": 19.374893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.924059, "energy": 85.530214, "activity_lines": [ 8.060101, 7.697467, 7.144591, 6.86932 ] }, { "date": "2026-02-13", "close": 8.33264, "volume": 14975200, "typical_volume": 14018364.25, "trend": 6.620138, "fair_value": 4.171747, "relative_strength": 23.131293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.570492, "energy": 75.749999, "activity_lines": [ 8.175506, 7.866929, 7.293435, 6.984708 ] }, { "date": "2026-02-20", "close": 8.322859, "volume": 6397500, "typical_volume": 13618994.25, "trend": 6.697753, "fair_value": 4.201084, "relative_strength": 20.040577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.493706, "energy": 67.284725, "activity_lines": [ 8.236142, 8.001894, 7.430775, 7.094561 ] }, { "date": "2026-02-27", "close": 8.479341, "volume": 14754400, "typical_volume": 13957354.25, "trend": 6.788976, "fair_value": 4.231477, "relative_strength": 21.803291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.856178, "energy": 66.928523, "activity_lines": [ 8.332639, 8.141483, 7.57389, 7.209502 ] }, { "date": "2026-03-06", "close": 8.195718, "volume": 15850437, "typical_volume": 14211923.55, "trend": 6.863966, "fair_value": 4.260582, "relative_strength": 20.250084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.020071, "energy": 59.122822, "activity_lines": [ 8.301995, 8.198385, 7.679422, 7.300259 ] }, { "date": "2026-03-13", "close": 8.616262, "volume": 17821600, "typical_volume": 14369558.95, "trend": 6.951038, "fair_value": 4.292932, "relative_strength": 25.352942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.624362, "energy": 61.208195, "activity_lines": [ 8.418704, 8.307567, 7.81476, 7.413311 ] }, { "date": "2026-03-20", "close": 8.02, "volume": 17441800, "typical_volume": 14711238.95, "trend": 7.017554, "fair_value": 4.321132, "relative_strength": 13.301574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.843613, "energy": 49.136654, "activity_lines": [ 8.295583, 8.277041, 7.881202, 7.482276 ] }, { "date": "2026-03-27", "close": 7.85, "volume": 13064200, "typical_volume": 14786593.95, "trend": 7.077098, "fair_value": 4.347363, "relative_strength": 11.225847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.439808, "energy": 34.032901, "activity_lines": [ 8.136638, 8.207242, 7.921719, 7.535982 ] }, { "date": "2026-04-03", "close": 7.79, "volume": 10882799, "typical_volume": 14224713.9, "trend": 7.128775, "fair_value": 4.373704, "relative_strength": 8.603827, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.972697, "energy": 24.430315, "activity_lines": [ 7.989216, 8.130686, 7.947317, 7.581976 ] }, { "date": "2026-04-10", "close": 8.08, "volume": 10937123, "typical_volume": 14263940.05, "trend": 7.188814, "fair_value": 4.401739, "relative_strength": 10.960529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.750024, "energy": 22.340057, "activity_lines": [ 7.984417, 8.1105, 7.992965, 7.643345 ] }, { "date": "2026-04-17", "close": 8.04, "volume": 11718900, "typical_volume": 14054323.1, "trend": 7.237414, "fair_value": 4.429079, "relative_strength": 9.449669, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.765231, "energy": 20.117106, "activity_lines": [ 7.974, 8.087101, 8.025807, 7.69826 ] }, { "date": "2026-04-24", "close": 7.66, "volume": 16476100, "typical_volume": 14206303.1, "trend": 7.288996, "fair_value": 4.453873, "relative_strength": 5.341846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.627803, "energy": 12.423646, "activity_lines": [ 7.875333, 7.993886, 8.013746, 7.725524 ] }, { "date": "2026-05-01", "close": 7.89, "volume": 13650600, "typical_volume": 13798739.15, "trend": 7.338464, "fair_value": 4.480307, "relative_strength": 8.208985, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.240062, "energy": 10.488263, "activity_lines": [ 7.877333, 7.954719, 8.018224, 7.764298 ] }, { "date": "2026-05-08", "close": 8.25, "volume": 19078100, "typical_volume": 13967609.15, "trend": 7.404822, "fair_value": 4.508718, "relative_strength": 12.320401, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.90611, "energy": 18.63483, "activity_lines": [ 7.996667, 7.988877, 8.052808, 7.823107 ] }, { "date": "2026-05-15", "close": 8.21, "volume": 15018800, "typical_volume": 14431344.6, "trend": 7.477018, "fair_value": 4.537532, "relative_strength": 9.763409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.395567, "energy": 20.390006, "activity_lines": [ 8.072, 8.019932, 8.076524, 7.875054 ] }, { "date": "2026-05-22", "close": 8.01, "volume": 9830800, "typical_volume": 14667414.6, "trend": 7.54157, "fair_value": 4.564899, "relative_strength": 5.060381, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.01738, "energy": 20.476535, "activity_lines": [ 8.072, 8.014364, 8.074791, 7.90944 ] }, { "date": "2026-05-29", "close": 7.62, "volume": 19715704, "typical_volume": 14783594.8, "trend": 7.596383, "fair_value": 4.590095, "relative_strength": 0.255056, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.75364, "energy": 7.111671, "activity_lines": [ 7.944, 7.948909, 8.030606, 7.9145 ] }, { "date": "2026-06-05", "close": 7.37, "volume": 1899500, "typical_volume": 13951129.8, "trend": 7.644817, "fair_value": 4.614402, "relative_strength": -3.408653, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.456626, "energy": 11.777258, "activity_lines": [ 7.735333, 7.845273, 7.962325, 7.899895 ] }, { "date": "2026-06-12", "close": 7.33, "volume": 2193400, "typical_volume": 13442559.8, "trend": 7.682465, "fair_value": 4.639056, "relative_strength": -3.556424, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.629151, "energy": 42.271171, "activity_lines": [ 7.548, 7.743091, 7.893608, 7.879584 ] }, { "date": "2026-06-19", "close": 7.06, "volume": 6062700, "typical_volume": 13000499.8, "trend": 7.711438, "fair_value": 4.662913, "relative_strength": -10.083776, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.293261, "energy": 63.872012, "activity_lines": [ 7.332, 7.600182, 7.802321, 7.839425 ] }, { "date": "2026-06-26", "close": 7.1, "volume": 4189900, "typical_volume": 12097978.15, "trend": 7.741093, "fair_value": 4.687025, "relative_strength": -9.490256, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.453479, "energy": 66.008416, "activity_lines": [ 7.206, 7.483091, 7.720765, 7.799977 ] }, { "date": "2026-07-03", "close": 7.27, "volume": 1641500, "typical_volume": 11431293.15, "trend": 7.765656, "fair_value": 4.712722, "relative_strength": -8.084151, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.391802, "energy": 62.199607, "activity_lines": [ 7.197333, 7.414, 7.659684, 7.769584 ] }, { "date": "2026-07-10", "close": 7.32, "volume": 6737500, "typical_volume": 11448293.15, "trend": 7.775912, "fair_value": 4.738519, "relative_strength": -11.092676, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.183023, "energy": 65.718879, "activity_lines": [ 7.228667, 7.361091, 7.608426, 7.740832 ] }, { "date": "2026-07-17", "close": 7.65, "volume": 9568700, "typical_volume": 11189008.15, "trend": 7.805318, "fair_value": 4.767035, "relative_strength": -7.695289, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.879699, "energy": 34.742243, "activity_lines": [ 7.373333, 7.378545, 7.593373, 7.732709 ] }, { "date": "2026-07-24", "close": 7.77, "volume": 10643200, "typical_volume": 10928646.3, "trend": 7.835464, "fair_value": 4.797144, "relative_strength": -7.551818, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.470918, "energy": 19.346521, "activity_lines": [ 7.536667, 7.428727, 7.593696, 7.73043 ] }, { "date": "2026-07-31", "close": 8.12, "volume": 11362200, "typical_volume": 10605676.3, "trend": 7.876298, "fair_value": 4.829825, "relative_strength": -4.150567, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.004927, "energy": 17.013009, "activity_lines": [ 7.769333, 7.550545, 7.629381, 7.748787 ] }, { "date": "2026-08-07", "close": 7.97, "volume": 9493400, "typical_volume": 10208256.3, "trend": 7.889964, "fair_value": 4.860887, "relative_strength": -7.071209, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.859873, "energy": 24.492105, "activity_lines": [ 7.884, 7.643091, 7.653143, 7.754833 ] } ], "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." } } }