{ "ticker": { "uuid": "e9129274-f392-49cd-87ac-860fb91f6821", "symbol": "ENIK", "name": "WisdomTree Nickel - EUR Daily Hedged", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "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": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 56.981, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -48.762, "architecture_energy": 42.453, "architecture_maturity": 24.426, "architecture_confidence": 58.322, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 35.79, "rotation_up": 22.66, "upward_expansion": 18.25, "deceleration": 62.61, "rotation_down": 44.35, "downward_expansion": 65.92 }, "activity_lines": [ 5.827067, 5.822455, 6.01929, 6.061778 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 5.835, "trend_reference": 6.1071, "distance_from_trend": -0.044555, "trend_direction": "Improving", "fair_value": 6.143724, "distance_from_fair_value": -0.05025, "fair_value_direction": "Weakening", "relative_strength": -13.827187, "relative_strength_direction": "Weakening", "price_momentum": -0.019657, "excess_performance": -0.190549, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044555, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.02756, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.05025, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.079102, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.138272, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.14835, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.019657, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 11.549753, "read": "Demand-led" } ], "volume": { "latest": 432, "relative_activity": 0.076261, "balance": 11.549753, "dry_up": 0.115451, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.028871, "annualized_volatility": 0.187994, "from_high_reference": -0.149045, "from_low_reference": 0.165368 }, "levels": { "trend_reference": 6.1071, "fair_value_reference": 6.143724, "structural_low": 5.553, "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": 33, "median_return": -0.006798, "positive_rate": 0.393939, "directional_follow_through": 0.606061, "median_excess_return": -0.032655, "regime_survival": 0.848485, "best_return": 0.185185, "worst_return": -0.087864, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.039767, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.049066, "regime_survival": 0.75, "best_return": 0.193444, "worst_return": -0.198845, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.00784, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.199053, "regime_survival": 0.5, "best_return": 0.247626, "worst_return": -0.245977, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.153271, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.372656, "regime_survival": 0.666667, "best_return": -0.107061, "worst_return": -0.240284, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-05", "end": "2024-08-16", "tenure": "Developing", "return": -0.062979, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2024-10-11", "tenure": "Developing", "return": 0.057138, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.10297, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-03-14", "tenure": "Established", "return": -0.020833, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.001491, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-12-26", "tenure": "Extended", "return": -0.031986, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.047248, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-02-20", "tenure": "Developing", "return": -0.020289, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.064464, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-12", "tenure": "Developing", "return": -0.087164, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": -0.064342, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": 0.051878, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.003926, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7.833, "volume": 3820, "typical_volume": 7110.45, "trend": 9.060467, "fair_value": 8.727827, "relative_strength": -24.3031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.98299, "energy": 52.189033, "activity_lines": [ 8.067333, 8.167218, 8.325933, 8.574127 ] }, { "date": "2023-08-25", "close": 8.111, "volume": 344, "typical_volume": 7110.15, "trend": 8.943167, "fair_value": 8.738391, "relative_strength": -22.397578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.579646, "energy": 53.348679, "activity_lines": [ 8.0532, 8.139109, 8.285052, 8.512871 ] }, { "date": "2023-09-01", "close": 8.111, "volume": 0, "typical_volume": 7100.15, "trend": 8.832467, "fair_value": 8.749506, "relative_strength": -23.203506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.050465, "energy": 56.185209, "activity_lines": [ 8.040533, 8.126055, 8.2481, 8.459183 ] }, { "date": "2023-09-08", "close": 7.814, "volume": 1250, "typical_volume": 6542.45, "trend": 8.732133, "fair_value": 8.758718, "relative_strength": -24.450698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.814152, "energy": 53.028039, "activity_lines": [ 7.965133, 8.063018, 8.189029, 8.393475 ] }, { "date": "2023-09-15", "close": 7.741, "volume": 1550, "typical_volume": 6137.45, "trend": 8.6499, "fair_value": 8.767885, "relative_strength": -26.375057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.522184, "energy": 57.705035, "activity_lines": [ 7.889933, 7.990709, 8.131195, 8.329531 ] }, { "date": "2023-09-22", "close": 7.675, "volume": 65, "typical_volume": 5675.7, "trend": 8.552067, "fair_value": 8.778769, "relative_strength": -25.608662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.730599, "energy": 76.334562, "activity_lines": [ 7.8076, 7.916073, 8.074005, 8.266634 ] }, { "date": "2023-09-29", "close": 7.431, "volume": 11380, "typical_volume": 6151.95, "trend": 8.4751, "fair_value": 8.788237, "relative_strength": -26.472934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.398766, "energy": 88.936275, "activity_lines": [ 7.654467, 7.808636, 8.001881, 8.194308 ] }, { "date": "2023-10-06", "close": 7.147, "volume": 780, "typical_volume": 5601.35, "trend": 8.414367, "fair_value": 8.793423, "relative_strength": -27.480385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.928845, "energy": 94.820158, "activity_lines": [ 7.452, 7.662327, 7.908076, 8.108624 ] }, { "date": "2023-10-13", "close": 7.173, "volume": 13788, "typical_volume": 6223.25, "trend": 8.3471, "fair_value": 8.798019, "relative_strength": -27.595461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.052793, "energy": 93.069421, "activity_lines": [ 7.322467, 7.548164, 7.822543, 8.028535 ] }, { "date": "2023-10-20", "close": 7.218, "volume": 400, "typical_volume": 5407.95, "trend": 8.281833, "fair_value": 8.802256, "relative_strength": -24.17856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.758879, "energy": 89.470837, "activity_lines": [ 7.250667, 7.460527, 7.747081, 7.95569 ] }, { "date": "2023-10-27", "close": 6.934, "volume": 16893, "typical_volume": 6158.2, "trend": 8.205333, "fair_value": 8.804968, "relative_strength": -26.369909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.56137, "energy": 95.067461, "activity_lines": [ 7.119067, 7.334818, 7.64839, 7.868733 ] }, { "date": "2023-11-03", "close": 6.916, "volume": 17180, "typical_volume": 6956.2, "trend": 8.138, "fair_value": 8.807821, "relative_strength": -29.446519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.173128, "energy": 93.593376, "activity_lines": [ 7.030867, 7.222182, 7.554624, 7.785551 ] }, { "date": "2023-11-10", "close": 6.891, "volume": 16951, "typical_volume": 7616.1, "trend": 8.054167, "fair_value": 8.809596, "relative_strength": -28.497313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.789523, "energy": 92.305982, "activity_lines": [ 6.968667, 7.126727, 7.46811, 7.705099 ] }, { "date": "2023-11-17", "close": 6.567, "volume": 21752, "typical_volume": 8626.2, "trend": 7.955267, "fair_value": 8.808667, "relative_strength": -33.44712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.763648, "energy": 97.480708, "activity_lines": [ 6.815533, 6.994545, 7.3576, 7.609153 ] }, { "date": "2023-11-24", "close": 6.195, "volume": 73126, "typical_volume": 11541.5, "trend": 7.855233, "fair_value": 8.804628, "relative_strength": -36.369407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -97.676153, "energy": 98.937025, "activity_lines": [ 6.5788, 6.8174, 7.218648, 7.495587 ] }, { "date": "2023-12-01", "close": 6.152, "volume": 470, "typical_volume": 10755.4, "trend": 7.746333, "fair_value": 8.801269, "relative_strength": -36.94044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.723553, "energy": 96.998809, "activity_lines": [ 6.395933, 6.660545, 7.085495, 7.385701 ] }, { "date": "2023-12-08", "close": 6.457, "volume": 416, "typical_volume": 10745.75, "trend": 7.6763, "fair_value": 8.796423, "relative_strength": -33.738278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.600595, "energy": 84.91431, "activity_lines": [ 6.366867, 6.586836, 6.991671, 7.302518 ] }, { "date": "2023-12-15", "close": 6.47, "volume": 37834, "typical_volume": 12088.45, "trend": 7.613167, "fair_value": 8.791321, "relative_strength": -32.461847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.163605, "energy": 68.183741, "activity_lines": [ 6.372733, 6.5332, 6.907067, 7.224692 ] }, { "date": "2023-12-22", "close": 6.357, "volume": 605, "typical_volume": 11507.7, "trend": 7.545467, "fair_value": 8.786071, "relative_strength": -32.566974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.221447, "energy": 67.830967, "activity_lines": [ 6.369, 6.471327, 6.822105, 7.143649 ] }, { "date": "2023-12-29", "close": 6.451, "volume": 50, "typical_volume": 10932.7, "trend": 7.493167, "fair_value": 8.782821, "relative_strength": -30.298486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.364179, "energy": 64.207893, "activity_lines": [ 6.4106, 6.441382, 6.754786, 7.073039 ] }, { "date": "2024-01-05", "close": 6.216, "volume": 19079, "typical_volume": 11695.65, "trend": 7.422767, "fair_value": 8.775821, "relative_strength": -32.028805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.897587, "energy": 69.507896, "activity_lines": [ 6.3568, 6.382655, 6.67229, 6.990641 ] }, { "date": "2024-01-12", "close": 6.276, "volume": 100, "typical_volume": 11683.45, "trend": 7.334, "fair_value": 8.768551, "relative_strength": -30.509737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.674313, "energy": 66.16099, "activity_lines": [ 6.318733, 6.347891, 6.60321, 6.916656 ] }, { "date": "2024-01-19", "close": 6.212, "volume": 14100, "typical_volume": 12388.45, "trend": 7.263333, "fair_value": 8.760263, "relative_strength": -29.679083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.098695, "energy": 67.383295, "activity_lines": [ 6.2714, 6.313127, 6.536771, 6.844269 ] }, { "date": "2024-01-26", "close": 6.385, "volume": 109, "typical_volume": 12331.4, "trend": 7.208367, "fair_value": 8.753994, "relative_strength": -26.838555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.404897, "energy": 64.39219, "activity_lines": [ 6.298933, 6.322164, 6.495852, 6.787602 ] }, { "date": "2024-02-02", "close": 6.194, "volume": 18556, "typical_volume": 13181.7, "trend": 7.139067, "fair_value": 8.745968, "relative_strength": -28.748932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.786277, "energy": 65.339405, "activity_lines": [ 6.260933, 6.299782, 6.443548, 6.722159 ] }, { "date": "2024-02-09", "close": 6.103, "volume": 22409, "typical_volume": 14298.9, "trend": 7.065467, "fair_value": 8.736019, "relative_strength": -29.823869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.852144, "energy": 66.705752, "activity_lines": [ 6.209733, 6.260873, 6.389943, 6.655316 ] }, { "date": "2024-02-16", "close": 6.231, "volume": 450, "typical_volume": 13752.4, "trend": 7.002067, "fair_value": 8.724051, "relative_strength": -28.811581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.348497, "energy": 59.601473, "activity_lines": [ 6.208733, 6.246127, 6.356014, 6.60148 ] }, { "date": "2024-02-23", "close": 6.626, "volume": 24004, "typical_volume": 14913.6, "trend": 6.934433, "fair_value": 8.716942, "relative_strength": -25.552965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.933263, "energy": 39.208167, "activity_lines": [ 6.3424, 6.307309, 6.365419, 6.577217 ] }, { "date": "2024-03-01", "close": 6.731, "volume": 1325, "typical_volume": 14290.45, "trend": 6.886067, "fair_value": 8.716679, "relative_strength": -24.127364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.028268, "energy": 15.604169, "activity_lines": [ 6.483467, 6.384745, 6.387305, 6.564092 ] }, { "date": "2024-03-08", "close": 6.721, "volume": 343, "typical_volume": 14287.6, "trend": 6.844633, "fair_value": 8.717442, "relative_strength": -24.619637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.451073, "energy": 30.879711, "activity_lines": [ 6.598133, 6.453564, 6.410343, 6.553443 ] }, { "date": "2024-03-15", "close": 6.863, "volume": 3454, "typical_volume": 13615.65, "trend": 6.8123, "fair_value": 8.718571, "relative_strength": -23.368669, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 24.213428, "energy": 44.907716, "activity_lines": [ 6.725, 6.543291, 6.449271, 6.554628 ] }, { "date": "2024-03-22", "close": 6.512, "volume": 3192, "typical_volume": 12916.25, "trend": 6.759, "fair_value": 8.717212, "relative_strength": -27.269788, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 6.135652, "energy": 31.748399, "activity_lines": [ 6.6842, 6.557436, 6.45511, 6.535254 ] }, { "date": "2024-03-29", "close": 6.345, "volume": 140, "typical_volume": 12075.7, "trend": 6.700133, "fair_value": 8.715308, "relative_strength": -29.138128, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -15.185254, "energy": 19.546583, "activity_lines": [ 6.569, 6.536927, 6.446967, 6.508544 ] }, { "date": "2024-04-05", "close": 6.699, "volume": 12867, "typical_volume": 11631.45, "trend": 6.662967, "fair_value": 8.714462, "relative_strength": -22.801961, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 8.252709, "energy": 13.051532, "activity_lines": [ 6.590533, 6.578364, 6.475138, 6.508471 ] }, { "date": "2024-04-12", "close": 6.928, "volume": 10930, "typical_volume": 8521.65, "trend": 6.635867, "fair_value": 8.715827, "relative_strength": -18.769053, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.579922, "energy": 24.373285, "activity_lines": [ 6.690533, 6.655727, 6.52449, 6.52557 ] }, { "date": "2024-04-19", "close": 7.299, "volume": 1156, "typical_volume": 8555.95, "trend": 6.623333, "fair_value": 8.720327, "relative_strength": -13.976472, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.098281, "energy": 51.893215, "activity_lines": [ 6.9004, 6.7872, 6.605686, 6.568353 ] }, { "date": "2024-04-26", "close": 7.251, "volume": 1917, "typical_volume": 8631.0, "trend": 6.617333, "fair_value": 8.720692, "relative_strength": -14.51992, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.721782, "energy": 76.299016, "activity_lines": [ 7.0652, 6.8882, 6.676848, 6.608847 ] }, { "date": "2024-05-03", "close": 7.089, "volume": 9855, "typical_volume": 7232.05, "trend": 6.6154, "fair_value": 8.718795, "relative_strength": -13.994277, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.148754, "energy": 81.987121, "activity_lines": [ 7.126733, 6.9412, 6.7288, 6.639277 ] }, { "date": "2024-05-10", "close": 7.189, "volume": 750, "typical_volume": 7239.3, "trend": 6.615933, "fair_value": 8.71875, "relative_strength": -14.661694, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.042971, "energy": 82.141441, "activity_lines": [ 7.172, 7.003964, 6.787329, 6.676284 ] }, { "date": "2024-05-17", "close": 7.96, "volume": 10449, "typical_volume": 7759.25, "trend": 6.640667, "fair_value": 8.724846, "relative_strength": -6.907746, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.621127, "energy": 92.092231, "activity_lines": [ 7.4416, 7.198582, 6.915324, 6.762998 ] }, { "date": "2024-05-24", "close": 7.611, "volume": 34661, "typical_volume": 8538.35, "trend": 6.663233, "fair_value": 8.726372, "relative_strength": -7.9621, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.240589, "energy": 74.542486, "activity_lines": [ 7.526067, 7.307218, 7.002895, 6.8256 ] }, { "date": "2024-05-31", "close": 7.608, "volume": 1009, "typical_volume": 8583.8, "trend": 6.6863, "fair_value": 8.727865, "relative_strength": -7.438892, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.071317, "energy": 71.354382, "activity_lines": [ 7.588733, 7.401709, 7.083538, 6.886553 ] }, { "date": "2024-06-07", "close": 6.799, "volume": 4990, "typical_volume": 8128.3, "trend": 6.683233, "fair_value": 8.723532, "relative_strength": -16.942095, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.752342, "energy": 46.063683, "activity_lines": [ 7.357933, 7.329182, 7.08079, 6.893824 ] }, { "date": "2024-06-14", "close": 6.753, "volume": 13566, "typical_volume": 8801.15, "trend": 6.689433, "fair_value": 8.721846, "relative_strength": -11.644785, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.158055, "energy": 18.758578, "activity_lines": [ 7.131133, 7.240036, 7.070867, 6.898325 ] }, { "date": "2024-06-21", "close": 6.468, "volume": 217, "typical_volume": 7884.2, "trend": 6.698533, "fair_value": 8.71509, "relative_strength": -16.238615, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.340108, "energy": 20.930315, "activity_lines": [ 6.8384, 7.098091, 7.032048, 6.884039 ] }, { "date": "2024-06-28", "close": 6.516, "volume": 300, "typical_volume": 6778.75, "trend": 6.710667, "fair_value": 8.709115, "relative_strength": -14.598782, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.739155, "energy": 38.9272, "activity_lines": [ 6.661133, 6.973236, 6.996495, 6.872262 ] }, { "date": "2024-07-05", "close": 6.526, "volume": 16, "typical_volume": 6757.05, "trend": 6.712967, "fair_value": 8.702103, "relative_strength": -15.822182, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.908082, "energy": 41.090507, "activity_lines": [ 6.5602, 6.864436, 6.959929, 6.860348 ] }, { "date": "2024-07-12", "close": 6.33, "volume": 20163, "typical_volume": 6565.0, "trend": 6.7083, "fair_value": 8.693872, "relative_strength": -19.020609, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.579987, "energy": 59.779556, "activity_lines": [ 6.466067, 6.733182, 6.90329, 6.835641 ] }, { "date": "2024-07-19", "close": 6.089, "volume": 2986, "typical_volume": 6648.05, "trend": 6.699367, "fair_value": 8.682378, "relative_strength": -20.570647, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.753614, "energy": 72.313375, "activity_lines": [ 6.322867, 6.571909, 6.82511, 6.795686 ] }, { "date": "2024-07-26", "close": 5.917, "volume": 18067, "typical_volume": 7534.25, "trend": 6.681567, "fair_value": 8.669462, "relative_strength": -21.090199, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.375699, "energy": 78.664643, "activity_lines": [ 6.1666, 6.399364, 6.733605, 6.745211 ] }, { "date": "2024-08-02", "close": 6.216, "volume": 4151, "typical_volume": 7569.1, "trend": 6.681567, "fair_value": 8.659263, "relative_strength": -11.755938, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.509289, "energy": 69.049827, "activity_lines": [ 6.146733, 6.318327, 6.674405, 6.715174 ] }, { "date": "2024-08-09", "close": 6.043, "volume": 700, "typical_volume": 7444.5, "trend": 6.6738, "fair_value": 8.646968, "relative_strength": -12.875137, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.2862, "energy": 71.204882, "activity_lines": [ 6.0892, 6.2312, 6.60181, 6.673976 ] }, { "date": "2024-08-16", "close": 6.115, "volume": 336, "typical_volume": 7454.3, "trend": 6.670567, "fair_value": 8.637045, "relative_strength": -14.464774, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.409867, "energy": 80.603129, "activity_lines": [ 6.087867, 6.185618, 6.538305, 6.637925 ] }, { "date": "2024-08-23", "close": 6.283, "volume": 2450, "typical_volume": 6933.45, "trend": 6.667167, "fair_value": 8.627968, "relative_strength": -12.925073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.022796, "energy": 67.724584, "activity_lines": [ 6.156867, 6.183018, 6.491895, 6.61292 ] }, { "date": "2024-08-30", "close": 6.349, "volume": 785, "typical_volume": 6426.2, "trend": 6.672333, "fair_value": 8.618083, "relative_strength": -13.094258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.11992, "energy": 51.281779, "activity_lines": [ 6.234933, 6.200964, 6.453752, 6.592394 ] }, { "date": "2024-09-06", "close": 5.986, "volume": 450, "typical_volume": 6390.9, "trend": 6.668433, "fair_value": 8.60325, "relative_strength": -14.651214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.535416, "energy": 65.157422, "activity_lines": [ 6.1632, 6.155073, 6.383795, 6.548114 ] }, { "date": "2024-09-13", "close": 6.013, "volume": 350, "typical_volume": 6312.55, "trend": 6.661167, "fair_value": 8.591019, "relative_strength": -14.279093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.101174, "energy": 56.501654, "activity_lines": [ 6.1158, 6.123727, 6.322662, 6.505828 ] }, { "date": "2024-09-20", "close": 6.153, "volume": 450, "typical_volume": 5842.3, "trend": 6.6454, "fair_value": 8.582308, "relative_strength": -12.088815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.418403, "energy": 53.487844, "activity_lines": [ 6.117067, 6.127164, 6.280757, 6.473043 ] }, { "date": "2024-09-27", "close": 6.258, "volume": 3080, "typical_volume": 5958.8, "trend": 6.629633, "fair_value": 8.574269, "relative_strength": -12.399509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.720188, "energy": 50.660022, "activity_lines": [ 6.1508, 6.152909, 6.25331, 6.448049 ] }, { "date": "2024-10-04", "close": 6.658, "volume": 10363, "typical_volume": 5954.5, "trend": 6.627533, "fair_value": 8.570365, "relative_strength": -3.124507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.251732, "energy": 14.293048, "activity_lines": [ 6.319533, 6.248309, 6.26839, 6.44988 ] }, { "date": "2024-10-11", "close": 6.642, "volume": 1453, "typical_volume": 4294.1, "trend": 6.620167, "fair_value": 8.563936, "relative_strength": -4.827976, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 8.612842, "energy": 24.42427, "activity_lines": [ 6.462333, 6.327327, 6.288148, 6.450813 ] }, { "date": "2024-10-18", "close": 6.565, "volume": 100, "typical_volume": 4248.65, "trend": 6.621933, "fair_value": 8.553955, "relative_strength": -7.650107, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.438337, "energy": 29.277289, "activity_lines": [ 6.535733, 6.3846, 6.305186, 6.447254 ] }, { "date": "2024-10-25", "close": 6.012, "volume": 3860, "typical_volume": 4192.15, "trend": 6.610833, "fair_value": 8.5415, "relative_strength": -13.72083, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.369125, "energy": 26.255842, "activity_lines": [ 6.388, 6.331836, 6.274524, 6.407903 ] }, { "date": "2024-11-01", "close": 5.889, "volume": 1000, "typical_volume": 3563.85, "trend": 6.583833, "fair_value": 8.529269, "relative_strength": -14.657831, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.787344, "energy": 32.891319, "activity_lines": [ 6.208667, 6.258582, 6.235895, 6.361333 ] }, { "date": "2024-11-08", "close": 6.144, "volume": 5, "typical_volume": 3553.25, "trend": 6.5577, "fair_value": 8.516814, "relative_strength": -8.167636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.533841, "energy": 36.697976, "activity_lines": [ 6.138933, 6.238855, 6.225667, 6.332957 ] }, { "date": "2024-11-15", "close": 6.144, "volume": 0, "typical_volume": 3538.25, "trend": 6.5192, "fair_value": 8.504295, "relative_strength": -8.794177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.403797, "energy": 42.536589, "activity_lines": [ 6.103467, 6.222855, 6.216981, 6.306267 ] }, { "date": "2024-11-22", "close": 5.893, "volume": 1919, "typical_volume": 3633.4, "trend": 6.473933, "fair_value": 8.490359, "relative_strength": -10.397659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.094358, "energy": 67.018053, "activity_lines": [ 6.017533, 6.158345, 6.186162, 6.265867 ] }, { "date": "2024-11-29", "close": 5.893, "volume": 0, "typical_volume": 2625.25, "trend": 6.434067, "fair_value": 8.476058, "relative_strength": -9.925522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.150394, "energy": 63.342793, "activity_lines": [ 5.9764, 6.096018, 6.158357, 6.228387 ] }, { "date": "2024-12-06", "close": 5.959, "volume": 963, "typical_volume": 2524.1, "trend": 6.393067, "fair_value": 8.462827, "relative_strength": -12.062693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.709505, "energy": 58.887861, "activity_lines": [ 5.9652, 6.050418, 6.138919, 6.197738 ] }, { "date": "2024-12-13", "close": 5.805, "volume": 175, "typical_volume": 1629.5, "trend": 6.321233, "fair_value": 8.449051, "relative_strength": -14.282433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.544971, "energy": 69.289653, "activity_lines": [ 5.898, 5.982255, 6.105433, 6.159798 ] }, { "date": "2024-12-20", "close": 5.66, "volume": 1682, "typical_volume": 1506.05, "trend": 6.2562, "fair_value": 8.434346, "relative_strength": -13.284708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.156047, "energy": 76.875164, "activity_lines": [ 5.805067, 5.903236, 6.058671, 6.117138 ] }, { "date": "2024-12-27", "close": 5.67, "volume": 1042, "typical_volume": 1523.15, "trend": 6.1916, "fair_value": 8.417186, "relative_strength": -13.736372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.336571, "energy": 76.992198, "activity_lines": [ 5.747733, 5.843891, 6.01551, 6.079318 ] }, { "date": "2025-01-03", "close": 5.554, "volume": 486, "typical_volume": 1530.65, "trend": 6.1501, "fair_value": 8.400019, "relative_strength": -15.067567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.856536, "energy": 88.026753, "activity_lines": [ 5.6666, 5.779727, 5.963076, 6.038183 ] }, { "date": "2025-01-10", "close": 5.687, "volume": 7196, "typical_volume": 1767.95, "trend": 6.114567, "fair_value": 8.378987, "relative_strength": -15.043624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.28536, "energy": 78.778303, "activity_lines": [ 5.6524, 5.748073, 5.925981, 6.008305 ] }, { "date": "2025-01-17", "close": 5.908, "volume": 8780, "typical_volume": 2167.7, "trend": 6.0959, "fair_value": 8.353763, "relative_strength": -14.243782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.451538, "energy": 49.715957, "activity_lines": [ 5.73, 5.760273, 5.912771, 5.994978 ] }, { "date": "2025-01-24", "close": 5.749, "volume": 5625, "typical_volume": 2426.45, "trend": 6.070333, "fair_value": 8.332244, "relative_strength": -15.960204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.777686, "energy": 45.662243, "activity_lines": [ 5.747733, 5.747855, 5.886519, 5.972598 ] }, { "date": "2025-01-31", "close": 5.584, "volume": 4580, "typical_volume": 2637.95, "trend": 6.038933, "fair_value": 8.308192, "relative_strength": -18.576533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.214723, "energy": 47.14023, "activity_lines": [ 5.704533, 5.712618, 5.845681, 5.941222 ] }, { "date": "2025-02-07", "close": 5.772, "volume": 1607, "typical_volume": 2695.8, "trend": 6.020333, "fair_value": 8.285538, "relative_strength": -16.82032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.45035, "energy": 30.892569, "activity_lines": [ 5.729733, 5.717182, 5.82479, 5.924 ] }, { "date": "2025-02-14", "close": 5.688, "volume": 506, "typical_volume": 2567.1, "trend": 6.006967, "fair_value": 8.258724, "relative_strength": -19.636296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.334168, "energy": 35.52011, "activity_lines": [ 5.7124, 5.708673, 5.797714, 5.902559 ] }, { "date": "2025-02-21", "close": 5.668, "volume": 230, "typical_volume": 2060.45, "trend": 5.998667, "fair_value": 8.23134, "relative_strength": -20.389577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.297965, "energy": 42.919476, "activity_lines": [ 5.688333, 5.701455, 5.771448, 5.88069 ] }, { "date": "2025-02-28", "close": 5.796, "volume": 876, "typical_volume": 2031.6, "trend": 5.984667, "fair_value": 8.191096, "relative_strength": -18.624835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.435679, "energy": 26.643982, "activity_lines": [ 5.722933, 5.72, 5.762086, 5.867615 ] }, { "date": "2025-03-07", "close": 5.809, "volume": 8500, "typical_volume": 2451.6, "trend": 5.976867, "fair_value": 8.155436, "relative_strength": -17.876881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.146773, "energy": 22.495312, "activity_lines": [ 5.758733, 5.738436, 5.75799, 5.856282 ] }, { "date": "2025-03-14", "close": 6.016, "volume": 1009, "typical_volume": 2309.05, "trend": 5.973567, "fair_value": 8.122705, "relative_strength": -14.669887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.620942, "energy": 9.662763, "activity_lines": [ 5.848533, 5.791982, 5.77721, 5.858806 ] }, { "date": "2025-03-21", "close": 5.968, "volume": 6, "typical_volume": 2259.35, "trend": 5.963067, "fair_value": 8.067026, "relative_strength": -15.851053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.659965, "energy": 17.725016, "activity_lines": [ 5.906067, 5.8284, 5.791838, 5.858447 ] }, { "date": "2025-03-28", "close": 5.968, "volume": 0, "typical_volume": 2259.1, "trend": 5.950367, "fair_value": 8.016628, "relative_strength": -14.949039, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.100313, "energy": 21.574505, "activity_lines": [ 5.944933, 5.859709, 5.80609, 5.858766 ] }, { "date": "2025-04-04", "close": 5.365, "volume": 70, "typical_volume": 2262.6, "trend": 5.929667, "fair_value": 7.96216, "relative_strength": -14.133332, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.789874, "energy": 22.087368, "activity_lines": [ 5.7628, 5.780291, 5.763752, 5.821 ] }, { "date": "2025-04-11", "close": 5.357, "volume": 1962, "typical_volume": 2264.75, "trend": 5.9078, "fair_value": 7.909013, "relative_strength": -12.249726, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.963215, "energy": 62.419714, "activity_lines": [ 5.606733, 5.7064, 5.724362, 5.784054 ] }, { "date": "2025-04-18", "close": 5.69, "volume": 400, "typical_volume": 2284.75, "trend": 5.892367, "fair_value": 7.857077, "relative_strength": -11.309468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.503829, "energy": 51.645992, "activity_lines": [ 5.5918, 5.697182, 5.719238, 5.770002 ] }, { "date": "2025-04-25", "close": 5.73, "volume": 133, "typical_volume": 2243.25, "trend": 5.874767, "fair_value": 7.808526, "relative_strength": -13.413118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.481908, "energy": 44.547695, "activity_lines": [ 5.611933, 5.696727, 5.71889, 5.759527 ] }, { "date": "2025-05-02", "close": 5.73, "volume": 0, "typical_volume": 2234.5, "trend": 5.843833, "fair_value": 7.766513, "relative_strength": -15.061929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.04365, "energy": 44.586218, "activity_lines": [ 5.647933, 5.695509, 5.719633, 5.750187 ] }, { "date": "2025-05-09", "close": 5.623, "volume": 700, "typical_volume": 2185.4, "trend": 5.809867, "fair_value": 7.730609, "relative_strength": -18.277208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.214323, "energy": 23.726808, "activity_lines": [ 5.664133, 5.673709, 5.710543, 5.73594 ] }, { "date": "2025-05-16", "close": 5.732, "volume": 5030, "typical_volume": 2384.8, "trend": 5.7821, "fair_value": 7.696045, "relative_strength": -18.576638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.954767, "energy": 15.551965, "activity_lines": [ 5.699467, 5.674873, 5.71201, 5.730916 ] }, { "date": "2025-05-23", "close": 5.593, "volume": 268, "typical_volume": 2373.9, "trend": 5.768133, "fair_value": 7.661872, "relative_strength": -17.450102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.782669, "energy": 20.72041, "activity_lines": [ 5.663467, 5.652164, 5.699943, 5.718716 ] }, { "date": "2025-05-30", "close": 5.497, "volume": 1934, "typical_volume": 2110.8, "trend": 5.755067, "fair_value": 7.62275, "relative_strength": -19.351618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.258496, "energy": 37.310558, "activity_lines": [ 5.601933, 5.619691, 5.678548, 5.701224 ] }, { "date": "2025-06-06", "close": 5.497, "volume": 0, "typical_volume": 1671.8, "trend": 5.7335, "fair_value": 7.581423, "relative_strength": -19.823453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.986585, "energy": 53.580297, "activity_lines": [ 5.555933, 5.595782, 5.658057, 5.684574 ] }, { "date": "2025-06-13", "close": 5.445, "volume": 430, "typical_volume": 1412.05, "trend": 5.7102, "fair_value": 7.549788, "relative_strength": -17.595496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.51829, "energy": 70.567634, "activity_lines": [ 5.508133, 5.570982, 5.634571, 5.665961 ] }, { "date": "2025-06-20", "close": 5.395, "volume": 1035, "typical_volume": 1234.8, "trend": 5.6936, "fair_value": 7.525821, "relative_strength": -17.381963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.679358, "energy": 74.922749, "activity_lines": [ 5.455533, 5.535636, 5.607771, 5.645626 ] }, { "date": "2025-06-27", "close": 5.474, "volume": 22568, "typical_volume": 2282.85, "trend": 5.679633, "fair_value": 7.503224, "relative_strength": -16.684036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.954333, "energy": 66.319875, "activity_lines": [ 5.451733, 5.513964, 5.589395, 5.631458 ] }, { "date": "2025-07-04", "close": 5.492, "volume": 14927, "typical_volume": 3003.9, "trend": 5.664067, "fair_value": 7.482026, "relative_strength": -15.632853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.107287, "energy": 64.957568, "activity_lines": [ 5.461867, 5.499491, 5.574152, 5.619353 ] }, { "date": "2025-07-11", "close": 5.443, "volume": 12581, "typical_volume": 3621.45, "trend": 5.652, "fair_value": 7.465667, "relative_strength": -16.877322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.039361, "energy": 60.920714, "activity_lines": [ 5.456, 5.480436, 5.555176, 5.60509 ] }, { "date": "2025-07-18", "close": 5.442, "volume": 13463, "typical_volume": 4250.8, "trend": 5.644733, "fair_value": 7.442269, "relative_strength": -16.955087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.972949, "energy": 59.585903, "activity_lines": [ 5.4534, 5.466418, 5.537176, 5.591542 ] }, { "date": "2025-07-25", "close": 5.454, "volume": 54159, "typical_volume": 6533.75, "trend": 5.637533, "fair_value": 7.416359, "relative_strength": -17.215732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.372018, "energy": 48.415894, "activity_lines": [ 5.455, 5.457873, 5.522005, 5.579237 ] }, { "date": "2025-08-01", "close": 5.357, "volume": 21706, "typical_volume": 7568.6, "trend": 5.630967, "fair_value": 7.391962, "relative_strength": -16.498331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.393184, "energy": 54.044699, "activity_lines": [ 5.420333, 5.436745, 5.499286, 5.561138 ] }, { "date": "2025-08-08", "close": 5.406, "volume": 6057, "typical_volume": 7871.15, "trend": 5.6216, "fair_value": 7.36666, "relative_strength": -18.549952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.621891, "energy": 50.058321, "activity_lines": [ 5.4098, 5.428818, 5.484371, 5.546624 ] }, { "date": "2025-08-15", "close": 5.361, "volume": 3306, "typical_volume": 8036.45, "trend": 5.603367, "fair_value": 7.343263, "relative_strength": -20.609803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.24299, "energy": 54.309052, "activity_lines": [ 5.39, 5.414364, 5.467848, 5.529811 ] }, { "date": "2025-08-22", "close": 5.32, "volume": 2420, "typical_volume": 8153.95, "trend": 5.589067, "fair_value": 7.320942, "relative_strength": -21.803476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.99788, "energy": 75.712008, "activity_lines": [ 5.362, 5.394927, 5.45031, 5.511529 ] }, { "date": "2025-08-29", "close": 5.494, "volume": 8175, "typical_volume": 8464.6, "trend": 5.586067, "fair_value": 7.302583, "relative_strength": -16.557161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.231345, "energy": 42.816701, "activity_lines": [ 5.400133, 5.4094, 5.449557, 5.505396 ] }, { "date": "2025-09-05", "close": 5.428, "volume": 38657, "typical_volume": 10377.45, "trend": 5.5746, "fair_value": 7.281212, "relative_strength": -15.88289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.967086, "energy": 31.300561, "activity_lines": [ 5.4136, 5.410073, 5.441867, 5.495198 ] }, { "date": "2025-09-12", "close": 5.384, "volume": 2826, "typical_volume": 10512.1, "trend": 5.564467, "fair_value": 7.259558, "relative_strength": -17.906687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.236277, "energy": 29.870815, "activity_lines": [ 5.407667, 5.403582, 5.431233, 5.482901 ] }, { "date": "2025-09-19", "close": 5.426, "volume": 25502, "typical_volume": 11787.2, "trend": 5.5564, "fair_value": 7.238173, "relative_strength": -16.20477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.12734, "energy": 19.239599, "activity_lines": [ 5.4172, 5.406691, 5.426248, 5.473968 ] }, { "date": "2025-09-26", "close": 5.377, "volume": 20388, "typical_volume": 12771.6, "trend": 5.542433, "fair_value": 7.215795, "relative_strength": -17.047691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.640127, "energy": 27.031042, "activity_lines": [ 5.406067, 5.4012, 5.418043, 5.462394 ] }, { "date": "2025-10-03", "close": 5.466, "volume": 5139, "typical_volume": 12777.05, "trend": 5.531, "fair_value": 7.192192, "relative_strength": -16.105214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.759911, "energy": 18.532865, "activity_lines": [ 5.4208, 5.413073, 5.419486, 5.457462 ] }, { "date": "2025-10-10", "close": 5.392, "volume": 12338, "typical_volume": 13380.55, "trend": 5.5102, "fair_value": 7.168115, "relative_strength": -14.142923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.134512, "energy": 19.795751, "activity_lines": [ 5.412733, 5.411273, 5.415148, 5.448495 ] }, { "date": "2025-10-17", "close": 5.35, "volume": 211, "typical_volume": 13294.4, "trend": 5.4896, "fair_value": 7.14534, "relative_strength": -13.570569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.264396, "energy": 31.036772, "activity_lines": [ 5.393067, 5.4012, 5.407767, 5.438159 ] }, { "date": "2025-10-24", "close": 5.42601, "volume": 1228, "typical_volume": 13355.8, "trend": 5.471534, "fair_value": 7.121949, "relative_strength": -13.338859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.593408, "energy": 21.57329, "activity_lines": [ 5.401003, 5.405965, 5.408325, 5.434057 ] }, { "date": "2025-10-31", "close": 5.42, "volume": 2340, "typical_volume": 13451.3, "trend": 5.473367, "fair_value": 7.095289, "relative_strength": -14.319028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.442673, "energy": 22.425366, "activity_lines": [ 5.406936, 5.408456, 5.408649, 5.430732 ] }, { "date": "2025-11-07", "close": 5.298, "volume": 685, "typical_volume": 13433.8, "trend": 5.4714, "fair_value": 7.060853, "relative_strength": -15.097108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.167651, "energy": 43.595011, "activity_lines": [ 5.369335, 5.386947, 5.397472, 5.419418 ] }, { "date": "2025-11-14", "close": 5.243, "volume": 3855, "typical_volume": 12498.15, "trend": 5.4565, "fair_value": 7.029654, "relative_strength": -17.373978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.7997, "energy": 60.910297, "activity_lines": [ 5.324601, 5.359001, 5.38152, 5.404682 ] }, { "date": "2025-11-21", "close": 5.1, "volume": 282, "typical_volume": 11765.9, "trend": 5.4355, "fair_value": 6.998372, "relative_strength": -16.488353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.762228, "energy": 81.859834, "activity_lines": [ 5.242134, 5.308419, 5.353048, 5.381682 ] }, { "date": "2025-11-28", "close": 5.212, "volume": 1132, "typical_volume": 11193.45, "trend": 5.418234, "fair_value": 6.959821, "relative_strength": -15.384188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.846595, "energy": 78.983901, "activity_lines": [ 5.213667, 5.283365, 5.33711, 5.367263 ] }, { "date": "2025-12-05", "close": 5.245, "volume": 538, "typical_volume": 10547.2, "trend": 5.405634, "fair_value": 6.916122, "relative_strength": -14.409791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.545796, "energy": 78.728218, "activity_lines": [ 5.210467, 5.268201, 5.325415, 5.356087 ] }, { "date": "2025-12-12", "close": 5.147, "volume": 15100, "typical_volume": 8594.25, "trend": 5.386134, "fair_value": 6.876398, "relative_strength": -15.612084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.951973, "energy": 81.861697, "activity_lines": [ 5.186267, 5.237619, 5.305324, 5.3394 ] }, { "date": "2025-12-19", "close": 5.192, "volume": 12596, "typical_volume": 8138.75, "trend": 5.372767, "fair_value": 6.839333, "relative_strength": -16.649927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.854999, "energy": 54.836658, "activity_lines": [ 5.187133, 5.221019, 5.290982, 5.326876 ] }, { "date": "2025-12-26", "close": 5.508, "volume": 13294, "typical_volume": 8500.6, "trend": 5.373134, "fair_value": 6.797654, "relative_strength": -10.75357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.472965, "energy": 9.218856, "activity_lines": [ 5.296733, 5.265509, 5.30752, 5.3356 ] }, { "date": "2026-01-02", "close": 5.905, "volume": 49682, "typical_volume": 10819.4, "trend": 5.386734, "fair_value": 6.764699, "relative_strength": -5.510163, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.027097, "energy": 44.588554, "activity_lines": [ 5.511467, 5.379309, 5.361381, 5.369914 ] }, { "date": "2026-01-09", "close": 6.184, "volume": 79688, "typical_volume": 14682.8, "trend": 5.411367, "fair_value": 6.735724, "relative_strength": -1.423434, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 91.111493, "energy": 80.257853, "activity_lines": [ 5.773, 5.535127, 5.439224, 5.421351 ] }, { "date": "2026-01-16", "close": 6.161, "volume": 62833, "typical_volume": 17415.7, "trend": 5.4369, "fair_value": 6.700962, "relative_strength": -1.572278, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.724189, "energy": 92.316754, "activity_lines": [ 5.964267, 5.672873, 5.510762, 5.469714 ] }, { "date": "2026-01-23", "close": 6.528, "volume": 16185, "typical_volume": 16292.1, "trend": 5.472034, "fair_value": 6.668256, "relative_strength": 6.74093, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.960123, "energy": 96.875601, "activity_lines": [ 6.210267, 5.861655, 5.614077, 5.540108 ] }, { "date": "2026-01-30", "close": 6.236, "volume": 22825, "typical_volume": 17292.05, "trend": 5.496834, "fair_value": 6.634949, "relative_strength": 0.638624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.048, "energy": 88.022232, "activity_lines": [ 6.269867, 5.973982, 5.684343, 5.589396 ] }, { "date": "2026-02-06", "close": 5.952, "volume": 12832, "typical_volume": 16658.55, "trend": 5.5138, "fair_value": 6.603718, "relative_strength": -4.325651, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.472597, "energy": 66.249739, "activity_lines": [ 6.186267, 6.014018, 5.723505, 5.618762 ] }, { "date": "2026-02-13", "close": 5.929, "volume": 18197, "typical_volume": 16549.0, "trend": 5.530034, "fair_value": 6.576289, "relative_strength": -3.496085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.247862, "energy": 51.929445, "activity_lines": [ 6.091867, 6.036418, 5.757972, 5.645549 ] }, { "date": "2026-02-20", "close": 6.036, "volume": 3008, "typical_volume": 16442.45, "trend": 5.549434, "fair_value": 6.546968, "relative_strength": -3.715764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.992385, "energy": 35.782513, "activity_lines": [ 6.050133, 6.065836, 5.8, 5.678192 ] }, { "date": "2026-02-27", "close": 6.174, "volume": 11343, "typical_volume": 16392.7, "trend": 5.576667, "fair_value": 6.524109, "relative_strength": -2.786304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.214488, "energy": 33.186052, "activity_lines": [ 6.062733, 6.104182, 5.852457, 5.718486 ] }, { "date": "2026-03-06", "close": 6.059, "volume": 3242, "typical_volume": 16544.25, "trend": 5.598434, "fair_value": 6.505455, "relative_strength": 2.204782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.939117, "energy": 29.955209, "activity_lines": [ 6.0606, 6.103764, 5.890238, 5.749605 ] }, { "date": "2026-03-13", "close": 5.988, "volume": 1227, "typical_volume": 16544.2, "trend": 5.619334, "fair_value": 6.484923, "relative_strength": 0.92763, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.840352, "energy": 28.493329, "activity_lines": [ 6.0466, 6.080418, 5.917881, 5.774738 ] }, { "date": "2026-03-20", "close": 5.888, "volume": 2604, "typical_volume": 16557.4, "trend": 5.638267, "fair_value": 6.463846, "relative_strength": 2.889607, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.306318, "energy": 22.851933, "activity_lines": [ 5.996867, 6.037382, 5.933324, 5.792071 ] }, { "date": "2026-03-27", "close": 5.951, "volume": 3259, "typical_volume": 16686.1, "trend": 5.6535, "fair_value": 6.442833, "relative_strength": 2.950819, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.908132, "energy": 17.229419, "activity_lines": [ 5.970867, 6.011182, 5.952538, 5.812247 ] }, { "date": "2026-04-03", "close": 5.908, "volume": 1649, "typical_volume": 16575.8, "trend": 5.6695, "fair_value": 6.423423, "relative_strength": -2.467663, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.694358, "energy": 17.124393, "activity_lines": [ 5.9362, 5.980982, 5.964548, 5.828667 ] }, { "date": "2026-04-10", "close": 5.963, "volume": 349, "typical_volume": 16579.15, "trend": 5.6888, "fair_value": 6.401353, "relative_strength": -5.220197, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.570793, "energy": 13.200592, "activity_lines": [ 5.9376, 5.972055, 5.978629, 5.847602 ] }, { "date": "2026-04-17", "close": 6.299, "volume": 4069, "typical_volume": 16726.0, "trend": 5.7179, "fair_value": 6.380615, "relative_strength": -2.044093, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.25694, "energy": 34.275721, "activity_lines": [ 6.0574, 6.029182, 6.0206, 5.88697 ] }, { "date": "2026-04-24", "close": 6.572, "volume": 10326, "typical_volume": 17215.4, "trend": 5.757734, "fair_value": 6.363795, "relative_strength": 5.040898, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.842104, "energy": 70.591566, "activity_lines": [ 6.247467, 6.129636, 6.083395, 5.942073 ] }, { "date": "2026-05-01", "close": 6.7, "volume": 3368, "typical_volume": 16628.8, "trend": 5.798867, "fair_value": 6.346365, "relative_strength": 5.942091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.58658, "energy": 87.686222, "activity_lines": [ 6.4346, 6.241673, 6.152062, 6.002865 ] }, { "date": "2026-05-08", "close": 6.516, "volume": 4008, "typical_volume": 16199.4, "trend": 5.836334, "fair_value": 6.333276, "relative_strength": 1.007808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.020979, "energy": 83.83494, "activity_lines": [ 6.510467, 6.308182, 6.19581, 6.049131 ] }, { "date": "2026-05-15", "close": 6.362, "volume": 6008, "typical_volume": 15835.1, "trend": 5.870067, "fair_value": 6.320442, "relative_strength": -0.863145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.041748, "energy": 81.515318, "activity_lines": [ 6.494467, 6.340473, 6.218586, 6.083045 ] }, { "date": "2026-05-22", "close": 6.514, "volume": 2060, "typical_volume": 13454.0, "trend": 5.906333, "fair_value": 6.30843, "relative_strength": 0.845785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.465261, "energy": 74.866473, "activity_lines": [ 6.502533, 6.394891, 6.251771, 6.124589 ] }, { "date": "2026-05-29", "close": 6.529, "volume": 16485, "typical_volume": 10293.85, "trend": 5.9433, "fair_value": 6.298872, "relative_strength": 0.113487, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.472059, "energy": 51.48066, "activity_lines": [ 6.501267, 6.442473, 6.283486, 6.164761 ] }, { "date": "2026-06-05", "close": 6.408, "volume": 0, "typical_volume": 7152.2, "trend": 5.9803, "fair_value": 6.286564, "relative_strength": -1.357104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.517521, "energy": 42.346555, "activity_lines": [ 6.462533, 6.4564, 6.302033, 6.194742 ] }, { "date": "2026-06-12", "close": 6.116, "volume": 5, "typical_volume": 6343.2, "trend": 6.0094, "fair_value": 6.268468, "relative_strength": -8.523812, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.222988, "energy": 22.639011, "activity_lines": [ 6.345933, 6.408927, 6.291595, 6.203497 ] }, { "date": "2026-06-19", "close": 6.108, "volume": 0, "typical_volume": 5201.95, "trend": 6.043, "fair_value": 6.254212, "relative_strength": -10.690284, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.580779, "energy": 18.600712, "activity_lines": [ 6.253333, 6.356218, 6.282357, 6.209858 ] }, { "date": "2026-06-26", "close": 5.715, "volume": 201, "typical_volume": 4570.4, "trend": 6.059767, "fair_value": 6.239346, "relative_strength": -13.5172, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.295199, "energy": 40.686251, "activity_lines": [ 6.046667, 6.229418, 6.2363, 6.188697 ] }, { "date": "2026-07-03", "close": 5.59, "volume": 13, "typical_volume": 3661.2, "trend": 6.071267, "fair_value": 6.222147, "relative_strength": -17.49411, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.484082, "energy": 66.101389, "activity_lines": [ 5.8516, 6.090509, 6.179467, 6.158389 ] }, { "date": "2026-07-10", "close": 5.717, "volume": 58879, "typical_volume": 6454.75, "trend": 6.090267, "fair_value": 6.205519, "relative_strength": -14.944662, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.654019, "energy": 70.136753, "activity_lines": [ 5.761467, 5.992545, 6.136343, 6.135533 ] }, { "date": "2026-07-17", "close": 5.721, "volume": 1968, "typical_volume": 5986.0, "trend": 6.1079, "fair_value": 6.190058, "relative_strength": -13.361776, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.630808, "energy": 76.068996, "activity_lines": [ 5.718733, 5.913182, 6.095119, 6.11171 ] }, { "date": "2026-07-24", "close": 5.88, "volume": 1, "typical_volume": 5823.95, "trend": 6.1203, "fair_value": 6.172269, "relative_strength": -10.540496, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.41575, "energy": 80.741448, "activity_lines": [ 5.755333, 5.877182, 6.071195, 6.097006 ] }, { "date": "2026-07-31", "close": 5.858, "volume": 215, "typical_volume": 5773.35, "trend": 6.118733, "fair_value": 6.157372, "relative_strength": -11.215138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.33676, "energy": 52.156597, "activity_lines": [ 5.7998, 5.845945, 6.046029, 6.080084 ] }, { "date": "2026-08-07", "close": 5.835, "volume": 432, "typical_volume": 5664.75, "trend": 6.1071, "fair_value": 6.143724, "relative_strength": -13.827187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.762242, "energy": 42.453187, "activity_lines": [ 5.827067, 5.822455, 6.01929, 6.061778 ] } ], "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." } } }