{ "ticker": { "uuid": "eaff9300-7420-42cf-9d89-d8c98753c295", "symbol": "HDSN", "name": "Hudson Technologies Inc", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -19.272, "architecture_energy": 12.591, "architecture_maturity": 24.443, "architecture_confidence": 56.241, "architecture_tenure": "Developing", "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": 47.12, "rotation_up": 31.95, "upward_expansion": 31.93, "deceleration": 35.83, "rotation_down": 28.56, "downward_expansion": 46.93 }, "activity_lines": [ 5.996333, 5.994, 5.837952, 5.91772 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 5.595, "trend_reference": 6.1725, "distance_from_trend": -0.09356, "trend_direction": "Weakening", "fair_value": 8.495897, "distance_from_fair_value": -0.341447, "fair_value_direction": "Improving", "relative_strength": -32.138535, "relative_strength_direction": "Improving", "price_momentum": -0.244939, "excess_performance": -0.432393, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.09356, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.055133, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.341447, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.061917, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.321385, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.115409, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.244939, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.569471, "read": "Demand-led" } ], "volume": { "latest": 3260642, "relative_activity": 1.441256, "balance": 1.569471, "dry_up": 1.038905, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.096578, "annualized_volatility": 0.437658, "from_high_reference": -0.468156, "from_low_reference": 0.205819 }, "levels": { "trend_reference": 6.1725, "fair_value_reference": 8.495897, "structural_low": 4.64, "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": 12, "median_return": 0.091042, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": 0.03879, "regime_survival": 0.5, "best_return": 0.538462, "worst_return": -0.132558, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.258537, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.161293, "regime_survival": 0.0, "best_return": 0.766197, "worst_return": -0.133721, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.370644, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.261252, "regime_survival": 0.0, "best_return": 1.228169, "worst_return": -0.249169, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.008448, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.271861, "regime_survival": 0.0, "best_return": 1.8, "worst_return": -0.055285, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-28", "end": "2023-08-18", "tenure": "New", "return": 0.164246, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-08-25", "end": "2023-11-10", "tenure": "Developing", "return": 0.044348, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-17", "end": "2023-12-08", "tenure": "New", "return": 0.009331, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-01-19", "tenure": "Developing", "return": -0.071207, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-26", "end": "2024-02-16", "tenure": "New", "return": 0.232558, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-23", "end": "2024-03-08", "tenure": "New", "return": -0.209208, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-15", "end": "2024-04-05", "tenure": "New", "return": -0.094791, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-12", "end": "2025-03-14", "tenure": "Extended", "return": -0.410906, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": 0.271545, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-10-10", "tenure": "Established", "return": 0.242938, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.03833, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": 0.089051, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-07-03", "tenure": "Extended", "return": -0.150355, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.132558, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.42, "volume": 2617463, "typical_volume": 2571081.5, "trend": 9.205333, "fair_value": 5.652308, "relative_strength": -4.232083, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.237151, "energy": 62.304756, "activity_lines": [ 10.114, 9.783273, 9.420524, 9.214022 ] }, { "date": "2023-08-25", "close": 11.5, "volume": 3147866, "typical_volume": 2631649.85, "trend": 9.262667, "fair_value": 5.718782, "relative_strength": 4.164438, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.551339, "energy": 78.331279, "activity_lines": [ 10.671333, 10.131818, 9.654571, 9.362065 ] }, { "date": "2023-09-01", "close": 12.06, "volume": 1833827, "typical_volume": 2614744.95, "trend": 9.287667, "fair_value": 5.788718, "relative_strength": 5.017743, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.761299, "energy": 84.789976, "activity_lines": [ 11.244667, 10.538909, 9.924381, 9.542538 ] }, { "date": "2023-09-08", "close": 12.07, "volume": 1627506, "typical_volume": 2608265.9, "trend": 9.349, "fair_value": 5.858462, "relative_strength": 6.10934, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.974081, "energy": 87.238469, "activity_lines": [ 11.614, 10.895818, 10.177476, 9.722043 ] }, { "date": "2023-09-15", "close": 12.35, "volume": 2554997, "typical_volume": 2617358.65, "trend": 9.398667, "fair_value": 5.930321, "relative_strength": 8.701186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.045541, "energy": 87.445331, "activity_lines": [ 11.975333, 11.259091, 10.43819, 9.915656 ] }, { "date": "2023-09-22", "close": 12.1, "volume": 1822381, "typical_volume": 2518295.4, "trend": 9.465, "fair_value": 6.000577, "relative_strength": 9.589006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.471899, "energy": 80.372224, "activity_lines": [ 12.115333, 11.524364, 10.653095, 10.089935 ] }, { "date": "2023-09-29", "close": 13.3, "volume": 2653229, "typical_volume": 2496966.85, "trend": 9.569, "fair_value": 6.078654, "relative_strength": 19.63274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.499788, "energy": 78.670906, "activity_lines": [ 12.543333, 11.956727, 10.963476, 10.337355 ] }, { "date": "2023-10-06", "close": 13.36, "volume": 2227074, "typical_volume": 2517130.55, "trend": 9.731667, "fair_value": 6.156731, "relative_strength": 17.43526, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.843481, "energy": 71.703333, "activity_lines": [ 12.871333, 12.320727, 11.25681, 10.581935 ] }, { "date": "2023-10-13", "close": 13.45, "volume": 2296477, "typical_volume": 2492234.15, "trend": 9.920667, "fair_value": 6.235577, "relative_strength": 17.522283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.861939, "energy": 66.423669, "activity_lines": [ 13.142667, 12.620909, 11.537238, 10.821828 ] }, { "date": "2023-10-20", "close": 13.25, "volume": 1780352, "typical_volume": 2491772.45, "trend": 10.100667, "fair_value": 6.313333, "relative_strength": 18.672786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.94156, "energy": 63.647825, "activity_lines": [ 13.255333, 12.832, 11.776762, 11.036624 ] }, { "date": "2023-10-27", "close": 12.7, "volume": 1691517, "typical_volume": 2472833.1, "trend": 10.233, "fair_value": 6.388077, "relative_strength": 16.470022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.712601, "energy": 54.895137, "activity_lines": [ 13.124667, 12.889091, 11.944667, 11.204323 ] }, { "date": "2023-11-03", "close": 12.37, "volume": 2969362, "typical_volume": 2531651.6, "trend": 10.385, "fair_value": 6.460513, "relative_strength": 6.953205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.940595, "energy": 43.756084, "activity_lines": [ 12.844, 12.844727, 12.065762, 11.342194 ] }, { "date": "2023-11-10", "close": 12.01, "volume": 1957700, "typical_volume": 2461705.55, "trend": 10.507, "fair_value": 6.529744, "relative_strength": 1.234767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.936983, "energy": 30.988258, "activity_lines": [ 12.505333, 12.719091, 12.137095, 11.447032 ] }, { "date": "2023-11-17", "close": 12.86, "volume": 2303891, "typical_volume": 2486587.55, "trend": 10.666667, "fair_value": 6.604744, "relative_strength": 6.497666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.976308, "energy": 26.61323, "activity_lines": [ 12.54, 12.748909, 12.276, 11.598839 ] }, { "date": "2023-11-24", "close": 12.87, "volume": 784794, "typical_volume": 2440510.25, "trend": 10.838, "fair_value": 6.679936, "relative_strength": 6.059758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.218481, "energy": 27.381563, "activity_lines": [ 12.617333, 12.766182, 12.400429, 11.740989 ] }, { "date": "2023-12-01", "close": 12.66, "volume": 2688811, "typical_volume": 2483217.35, "trend": 10.988333, "fair_value": 6.750962, "relative_strength": 4.655734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.321347, "energy": 26.853568, "activity_lines": [ 12.65, 12.735818, 12.488619, 11.858538 ] }, { "date": "2023-12-08", "close": 12.98, "volume": 1560373, "typical_volume": 2445066.2, "trend": 11.137, "fair_value": 6.824744, "relative_strength": 7.245846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.66276, "energy": 36.212532, "activity_lines": [ 12.792, 12.753455, 12.591238, 11.987032 ] }, { "date": "2023-12-15", "close": 12.92, "volume": 2171816, "typical_volume": 2383035.65, "trend": 11.272667, "fair_value": 6.900321, "relative_strength": 3.615308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.047204, "energy": 34.911256, "activity_lines": [ 12.873333, 12.766, 12.668905, 12.102065 ] }, { "date": "2023-12-22", "close": 13.19, "volume": 1384615, "typical_volume": 2136159.95, "trend": 11.417, "fair_value": 6.978013, "relative_strength": 5.135606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.161515, "energy": 36.788801, "activity_lines": [ 12.984, 12.835636, 12.753381, 12.225763 ] }, { "date": "2023-12-29", "close": 13.49, "volume": 636547, "typical_volume": 2035529.9, "trend": 11.559667, "fair_value": 7.0575, "relative_strength": 7.52966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.229142, "energy": 44.039914, "activity_lines": [ 13.172667, 12.964545, 12.853857, 12.359505 ] }, { "date": "2024-01-05", "close": 13.46, "volume": 2034931, "typical_volume": 2006403.3, "trend": 11.692667, "fair_value": 7.136474, "relative_strength": 11.063312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.346374, "energy": 43.750424, "activity_lines": [ 13.31, 13.083636, 12.93619, 12.482108 ] }, { "date": "2024-01-12", "close": 13.0, "volume": 1303195, "typical_volume": 1914169.75, "trend": 11.822, "fair_value": 7.212436, "relative_strength": 4.412675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.033461, "energy": 36.488268, "activity_lines": [ 13.240667, 13.105273, 12.960238, 12.566452 ] }, { "date": "2024-01-19", "close": 12.0, "volume": 1281352, "typical_volume": 1886546.0, "trend": 11.915333, "fair_value": 7.281667, "relative_strength": -5.866383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.09422, "energy": 14.266078, "activity_lines": [ 12.836667, 12.933636, 12.881905, 12.577935 ] }, { "date": "2024-01-26", "close": 12.04, "volume": 1292714, "typical_volume": 1869806.4, "trend": 11.996, "fair_value": 7.350064, "relative_strength": -5.849755, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.61681, "energy": 9.574775, "activity_lines": [ 12.507333, 12.769455, 12.807667, 12.585978 ] }, { "date": "2024-02-02", "close": 12.94, "volume": 2570889, "typical_volume": 1870601.0, "trend": 12.112, "fair_value": 7.422821, "relative_strength": 0.411538, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.441196, "energy": 16.446757, "activity_lines": [ 12.554667, 12.783818, 12.819286, 12.646882 ] }, { "date": "2024-02-09", "close": 14.48, "volume": 2224902, "typical_volume": 1890727.05, "trend": 12.285, "fair_value": 7.504295, "relative_strength": 10.382099, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.138903, "energy": 26.798532, "activity_lines": [ 13.152, 13.076909, 12.974762, 12.799656 ] }, { "date": "2024-02-16", "close": 14.84, "volume": 2029140, "typical_volume": 1859522.6, "trend": 12.481667, "fair_value": 7.588718, "relative_strength": 14.96472, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.157384, "energy": 62.457154, "activity_lines": [ 13.801333, 13.402364, 13.15319, 12.964495 ] }, { "date": "2024-02-23", "close": 14.77, "volume": 1278163, "typical_volume": 1812077.05, "trend": 12.675667, "fair_value": 7.674103, "relative_strength": 12.87268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.51949, "energy": 73.83676, "activity_lines": [ 14.304667, 13.681273, 13.317619, 13.112129 ] }, { "date": "2024-03-01", "close": 14.56, "volume": 1521136, "typical_volume": 1773310.0, "trend": 12.809333, "fair_value": 7.759038, "relative_strength": 9.170213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.188311, "energy": 74.793537, "activity_lines": [ 14.553333, 13.888364, 13.455333, 13.233699 ] }, { "date": "2024-03-08", "close": 11.68, "volume": 4480031, "typical_volume": 1908293.95, "trend": 12.856, "fair_value": 7.823654, "relative_strength": -10.938421, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.601966, "energy": 28.356253, "activity_lines": [ 13.674, 13.546909, 13.313476, 13.160839 ] }, { "date": "2024-03-15", "close": 11.71, "volume": 2516180, "typical_volume": 1949527.1, "trend": 12.899, "fair_value": 7.888333, "relative_strength": -9.737647, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.813207, "energy": 13.235548, "activity_lines": [ 12.888667, 13.243818, 13.181952, 13.086903 ] }, { "date": "2024-03-22", "close": 11.88, "volume": 2111505, "typical_volume": 1906634.25, "trend": 12.911667, "fair_value": 7.955192, "relative_strength": -11.168134, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.036322, "energy": 30.161709, "activity_lines": [ 12.344667, 13.003455, 13.071333, 13.021161 ] }, { "date": "2024-03-29", "close": 11.01, "volume": 2449551, "typical_volume": 1931226.8, "trend": 12.876667, "fair_value": 8.015128, "relative_strength": -17.09641, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.272957, "energy": 45.644026, "activity_lines": [ 11.708, 12.625273, 12.88019, 12.898473 ] }, { "date": "2024-04-05", "close": 10.6, "volume": 3555260, "typical_volume": 1993795.25, "trend": 12.827667, "fair_value": 8.069936, "relative_strength": -19.508308, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.598737, "energy": 78.690808, "activity_lines": [ 11.185333, 12.190545, 12.654762, 12.751591 ] }, { "date": "2024-04-12", "close": 10.27, "volume": 2187470, "typical_volume": 2063929.05, "trend": 12.758333, "fair_value": 8.123269, "relative_strength": -21.473582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.415025, "energy": 81.641633, "activity_lines": [ 10.816667, 11.722, 12.408667, 12.586581 ] }, { "date": "2024-04-19", "close": 10.53, "volume": 2266994, "typical_volume": 2042838.2, "trend": 12.706, "fair_value": 8.178077, "relative_strength": -14.884704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.265231, "energy": 79.559321, "activity_lines": [ 10.628667, 11.349273, 12.199714, 12.442817 ] }, { "date": "2024-04-26", "close": 10.43, "volume": 2072528, "typical_volume": 2068445.95, "trend": 12.610333, "fair_value": 8.231731, "relative_strength": -18.895139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.080975, "energy": 76.467342, "activity_lines": [ 10.486, 11.030182, 11.991381, 12.295978 ] }, { "date": "2024-05-03", "close": 9.13, "volume": 6567237, "typical_volume": 2288217.0, "trend": 12.469333, "fair_value": 8.27641, "relative_strength": -29.532636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.352591, "energy": 76.144494, "activity_lines": [ 10.006667, 10.554909, 11.671381, 12.071441 ] }, { "date": "2024-05-10", "close": 9.11, "volume": 2046352, "typical_volume": 2321303.85, "trend": 12.324667, "fair_value": 8.321474, "relative_strength": -30.473865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.544483, "energy": 80.692648, "activity_lines": [ 9.646, 10.178545, 11.367524, 11.85471 ] }, { "date": "2024-05-17", "close": 9.44, "volume": 1235960, "typical_volume": 2351274.5, "trend": 12.197667, "fair_value": 8.368077, "relative_strength": -29.246183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.860907, "energy": 77.00492, "activity_lines": [ 9.494667, 9.961273, 11.114524, 11.668602 ] }, { "date": "2024-05-24", "close": 9.52, "volume": 1787865, "typical_volume": 2338921.2, "trend": 12.091667, "fair_value": 8.411026, "relative_strength": -29.389808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.064732, "energy": 72.885628, "activity_lines": [ 9.425333, 9.799273, 10.888429, 11.495849 ] }, { "date": "2024-05-31", "close": 8.91, "volume": 4616933, "typical_volume": 2504608.1, "trend": 11.976333, "fair_value": 8.447821, "relative_strength": -32.571912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.237847, "energy": 71.753703, "activity_lines": [ 9.22, 9.566182, 10.623, 11.290581 ] }, { "date": "2024-06-07", "close": 9.39, "volume": 2211277, "typical_volume": 2551104.35, "trend": 11.889, "fair_value": 8.490064, "relative_strength": -30.518483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.71186, "energy": 64.267682, "activity_lines": [ 9.276, 9.474364, 10.422762, 11.12372 ] }, { "date": "2024-06-14", "close": 9.12, "volume": 2917139, "typical_volume": 2632325.6, "trend": 11.764333, "fair_value": 8.529744, "relative_strength": -34.546715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.057558, "energy": 58.099695, "activity_lines": [ 9.224667, 9.362909, 10.209238, 10.945075 ] }, { "date": "2024-06-21", "close": 8.75, "volume": 1789601, "typical_volume": 2593261.2, "trend": 11.627, "fair_value": 8.564038, "relative_strength": -37.028101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.865151, "energy": 63.944419, "activity_lines": [ 9.049333, 9.211091, 9.974381, 10.750602 ] }, { "date": "2024-06-28", "close": 8.79, "volume": 2105607, "typical_volume": 2587296.45, "trend": 11.498, "fair_value": 8.598013, "relative_strength": -36.368214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.660624, "energy": 65.154574, "activity_lines": [ 8.933333, 9.094182, 9.763286, 10.56757 ] }, { "date": "2024-07-05", "close": 8.33, "volume": 1239938, "typical_volume": 2547836.35, "trend": 11.343, "fair_value": 8.630449, "relative_strength": -41.410132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.578998, "energy": 71.933803, "activity_lines": [ 8.712667, 8.925273, 9.535476, 10.363183 ] }, { "date": "2024-07-12", "close": 8.68, "volume": 1448964, "typical_volume": 2556376.4, "trend": 11.201667, "fair_value": 8.664423, "relative_strength": -38.488512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.146078, "energy": 65.044433, "activity_lines": [ 8.647333, 8.858182, 9.372, 10.191376 ] }, { "date": "2024-07-19", "close": 8.8, "volume": 1607985, "typical_volume": 2560718.85, "trend": 11.055333, "fair_value": 8.698077, "relative_strength": -34.829406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.826972, "energy": 56.353196, "activity_lines": [ 8.669333, 8.821091, 9.248952, 10.03643 ] }, { "date": "2024-07-26", "close": 9.04, "volume": 1270076, "typical_volume": 2400221.1, "trend": 10.907, "fair_value": 8.733846, "relative_strength": -31.092384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.180721, "energy": 49.071043, "activity_lines": [ 8.792667, 8.833273, 9.17619, 9.906409 ] }, { "date": "2024-08-02", "close": 7.9, "volume": 2801067, "typical_volume": 2414465.45, "trend": 10.721667, "fair_value": 8.764679, "relative_strength": -37.408812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.888934, "energy": 61.939702, "activity_lines": [ 8.516667, 8.645455, 9.007429, 9.712409 ] }, { "date": "2024-08-09", "close": 7.85, "volume": 3284676, "typical_volume": 2473124.0, "trend": 10.55, "fair_value": 8.796859, "relative_strength": -37.571733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.754942, "energy": 58.945186, "activity_lines": [ 8.283333, 8.478, 8.852048, 9.52714 ] }, { "date": "2024-08-16", "close": 7.98, "volume": 2439781, "typical_volume": 2472635.5, "trend": 10.416, "fair_value": 8.827628, "relative_strength": -39.304516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.000743, "energy": 56.22679, "activity_lines": [ 8.125333, 8.353455, 8.728238, 9.361333 ] }, { "date": "2024-08-23", "close": 8.33, "volume": 1821024, "typical_volume": 2385923.7, "trend": 10.292333, "fair_value": 8.86, "relative_strength": -36.662289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.162581, "energy": 53.90638, "activity_lines": [ 8.130667, 8.318182, 8.65219, 9.226753 ] }, { "date": "2024-08-30", "close": 8.22, "volume": 1215654, "typical_volume": 2337332.9, "trend": 10.135, "fair_value": 8.891603, "relative_strength": -36.343452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.505517, "energy": 49.605842, "activity_lines": [ 8.130667, 8.277273, 8.576476, 9.093054 ] }, { "date": "2024-09-06", "close": 7.79, "volume": 1404830, "typical_volume": 2294224.7, "trend": 9.912, "fair_value": 8.920833, "relative_strength": -35.264708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.676849, "energy": 50.599427, "activity_lines": [ 8.042, 8.167818, 8.469571, 8.941763 ] }, { "date": "2024-09-13", "close": 7.95, "volume": 1686901, "typical_volume": 2274943.35, "trend": 9.682333, "fair_value": 8.949423, "relative_strength": -36.878179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.70707, "energy": 44.546206, "activity_lines": [ 8.014, 8.105636, 8.390952, 8.815183 ] }, { "date": "2024-09-20", "close": 8.19, "volume": 2338828, "typical_volume": 2063522.9, "trend": 9.463, "fair_value": 8.978974, "relative_strength": -35.128489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.93094, "energy": 38.612029, "activity_lines": [ 8.059333, 8.094, 8.347, 8.718903 ] }, { "date": "2024-09-27", "close": 8.26, "volume": 1507086, "typical_volume": 2036559.6, "trend": 9.253, "fair_value": 9.009167, "relative_strength": -34.259584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.256595, "energy": 30.615628, "activity_lines": [ 8.114, 8.104, 8.31419, 8.64129 ] }, { "date": "2024-10-04", "close": 7.6, "volume": 2498901, "typical_volume": 2099706.65, "trend": 9.117, "fair_value": 9.036346, "relative_strength": -38.60957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.111317, "energy": 38.516132, "activity_lines": [ 7.953333, 8.003818, 8.222571, 8.534645 ] }, { "date": "2024-10-11", "close": 7.9, "volume": 2192102, "typical_volume": 2119918.5, "trend": 8.99, "fair_value": 9.065321, "relative_strength": -35.946307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.441089, "energy": 33.780027, "activity_lines": [ 7.934, 7.984364, 8.168286, 8.456129 ] }, { "date": "2024-10-18", "close": 8.12, "volume": 1596996, "typical_volume": 1968921.65, "trend": 8.864667, "fair_value": 9.094744, "relative_strength": -33.221254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.210701, "energy": 30.249526, "activity_lines": [ 7.980667, 8.004909, 8.142667, 8.4 ] }, { "date": "2024-10-25", "close": 8.16, "volume": 1700856, "typical_volume": 1943400.6, "trend": 8.769667, "fair_value": 9.124359, "relative_strength": -31.912931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.925208, "energy": 23.890672, "activity_lines": [ 8.029333, 8.027818, 8.124619, 8.354538 ] }, { "date": "2024-11-01", "close": 7.42, "volume": 2034993, "typical_volume": 1899293.3, "trend": 8.663667, "fair_value": 9.147628, "relative_strength": -36.138793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.637114, "energy": 34.859076, "activity_lines": [ 7.833333, 7.912909, 8.041952, 8.267462 ] }, { "date": "2024-11-08", "close": 5.9, "volume": 8016122, "typical_volume": 2210619.35, "trend": 8.518, "fair_value": 9.155321, "relative_strength": -51.05006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.478338, "energy": 72.421042, "activity_lines": [ 7.186667, 7.538182, 7.822619, 8.089161 ] }, { "date": "2024-11-15", "close": 5.95, "volume": 7069776, "typical_volume": 2458827.8, "trend": 8.365333, "fair_value": 9.162949, "relative_strength": -47.968409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.549114, "energy": 84.837938, "activity_lines": [ 6.67, 7.214727, 7.621619, 7.923484 ] }, { "date": "2024-11-22", "close": 6.01, "volume": 2957532, "typical_volume": 2544707.5, "trend": 8.218, "fair_value": 9.176218, "relative_strength": -47.463545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.88515, "energy": 86.84334, "activity_lines": [ 6.303333, 6.935636, 7.439857, 7.771527 ] }, { "date": "2024-11-29", "close": 5.94, "volume": 2922418, "typical_volume": 2618380.2, "trend": 8.111667, "fair_value": 9.189936, "relative_strength": -47.539509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.292011, "energy": 87.789505, "activity_lines": [ 6.054, 6.679091, 7.262476, 7.624559 ] }, { "date": "2024-12-06", "close": 5.85, "volume": 2695673, "typical_volume": 2672764.6, "trend": 8.003, "fair_value": 9.201667, "relative_strength": -48.996286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.934593, "energy": 86.283624, "activity_lines": [ 5.922667, 6.447091, 7.089571, 7.478645 ] }, { "date": "2024-12-13", "close": 5.62, "volume": 3080225, "typical_volume": 2763272.05, "trend": 7.875667, "fair_value": 9.212885, "relative_strength": -50.434956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.466004, "energy": 80.338205, "activity_lines": [ 5.819333, 6.217091, 6.90881, 7.324903 ] }, { "date": "2024-12-20", "close": 5.29, "volume": 3607630, "typical_volume": 2803600.2, "trend": 7.734667, "fair_value": 9.219872, "relative_strength": -51.302424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.972016, "energy": 77.168354, "activity_lines": [ 5.624667, 5.963091, 6.712905, 7.158086 ] }, { "date": "2024-12-27", "close": 5.4, "volume": 1131875, "typical_volume": 2695960.15, "trend": 7.617667, "fair_value": 9.226026, "relative_strength": -49.687735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.686792, "energy": 67.04869, "activity_lines": [ 5.510667, 5.776545, 6.539905, 7.007462 ] }, { "date": "2025-01-03", "close": 5.85, "volume": 2122250, "typical_volume": 2680083.6, "trend": 7.499667, "fair_value": 9.237308, "relative_strength": -43.876212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.498741, "energy": 59.76544, "activity_lines": [ 5.587333, 5.721273, 6.421429, 6.893419 ] }, { "date": "2025-01-10", "close": 5.78, "volume": 1725241, "typical_volume": 2675294.45, "trend": 7.388333, "fair_value": 9.249679, "relative_strength": -42.166308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.643291, "energy": 54.100383, "activity_lines": [ 5.646667, 5.695273, 6.306429, 6.782473 ] }, { "date": "2025-01-17", "close": 6.09, "volume": 1387487, "typical_volume": 2683886.1, "trend": 7.299667, "fair_value": 9.265962, "relative_strength": -39.765206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.106597, "energy": 39.677209, "activity_lines": [ 5.814, 5.755455, 6.233095, 6.69871 ] }, { "date": "2025-01-24", "close": 5.9, "volume": 1431367, "typical_volume": 2685212.95, "trend": 7.203333, "fair_value": 9.281859, "relative_strength": -41.501483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.37267, "energy": 31.76115, "activity_lines": [ 5.886667, 5.777636, 6.15181, 6.608409 ] }, { "date": "2025-01-31", "close": 5.8, "volume": 1456904, "typical_volume": 2673713.1, "trend": 7.119, "fair_value": 9.294936, "relative_strength": -40.529533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.424616, "energy": 30.429248, "activity_lines": [ 5.885333, 5.782545, 6.07, 6.517871 ] }, { "date": "2025-02-07", "close": 5.55, "volume": 1595977, "typical_volume": 2636570.55, "trend": 7.014667, "fair_value": 9.306731, "relative_strength": -41.800028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.28504, "energy": 41.961459, "activity_lines": [ 5.774, 5.745818, 5.974619, 6.416645 ] }, { "date": "2025-02-14", "close": 5.84, "volume": 1727611, "typical_volume": 2647596.8, "trend": 6.916, "fair_value": 9.319167, "relative_strength": -38.958927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.718048, "energy": 42.234697, "activity_lines": [ 5.779333, 5.768909, 5.919429, 6.34086 ] }, { "date": "2025-02-21", "close": 5.78, "volume": 1980240, "typical_volume": 2621663.75, "trend": 6.807333, "fair_value": 9.331795, "relative_strength": -36.621149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.368008, "energy": 43.906097, "activity_lines": [ 5.760667, 5.781273, 5.870048, 6.26757 ] }, { "date": "2025-02-28", "close": 5.76, "volume": 2042968, "typical_volume": 2614207.05, "trend": 6.736, "fair_value": 9.341154, "relative_strength": -33.014318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.730776, "energy": 41.095754, "activity_lines": [ 5.756, 5.787091, 5.827429, 6.2 ] }, { "date": "2025-03-07", "close": 5.8, "volume": 3340754, "typical_volume": 2701394.95, "trend": 6.667667, "fair_value": 9.340833, "relative_strength": -29.096359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.218941, "energy": 32.014765, "activity_lines": [ 5.774, 5.791636, 5.79881, 6.139613 ] }, { "date": "2025-03-14", "close": 6.05, "volume": 2967341, "typical_volume": 2764719.2, "trend": 6.603333, "fair_value": 9.341154, "relative_strength": -22.873872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.270818, "energy": 18.833965, "activity_lines": [ 5.875333, 5.834364, 5.805048, 6.099763 ] }, { "date": "2025-03-21", "close": 6.15, "volume": 2158145, "typical_volume": 2770876.8, "trend": 6.530667, "fair_value": 9.340769, "relative_strength": -20.487441, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.624377, "energy": 11.341325, "activity_lines": [ 5.976667, 5.891636, 5.830857, 6.070516 ] }, { "date": "2025-03-28", "close": 6.18, "volume": 1627744, "typical_volume": 2451457.9, "trend": 6.462667, "fair_value": 9.342244, "relative_strength": -17.025588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.731376, "energy": 12.419465, "activity_lines": [ 6.067333, 5.947636, 5.865571, 6.047892 ] }, { "date": "2025-04-04", "close": 5.45, "volume": 2971261, "typical_volume": 2246532.15, "trend": 6.384667, "fair_value": 9.336603, "relative_strength": -17.688547, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.923081, "energy": 16.947316, "activity_lines": [ 5.888, 5.869273, 5.829429, 5.982559 ] }, { "date": "2025-04-11", "close": 5.77, "volume": 2703163, "typical_volume": 2233813.7, "trend": 6.312, "fair_value": 9.329872, "relative_strength": -17.84368, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.976987, "energy": 16.567348, "activity_lines": [ 5.836, 5.857273, 5.826143, 5.942903 ] }, { "date": "2025-04-18", "close": 5.47, "volume": 1170006, "typical_volume": 2146193.1, "trend": 6.221333, "fair_value": 9.324744, "relative_strength": -18.974874, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.556582, "energy": 34.127141, "activity_lines": [ 5.686, 5.791273, 5.795429, 5.888581 ] }, { "date": "2025-04-25", "close": 6.23, "volume": 2616881, "typical_volume": 2142253.5, "trend": 6.153667, "fair_value": 9.321667, "relative_strength": -12.032745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.308394, "energy": 14.115534, "activity_lines": [ 5.828, 5.864909, 5.839333, 5.88914 ] }, { "date": "2025-05-02", "close": 6.71, "volume": 3107575, "typical_volume": 2143621.0, "trend": 6.124, "fair_value": 9.305128, "relative_strength": -7.53463, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.124408, "energy": 23.343645, "activity_lines": [ 6.124667, 6.018727, 5.927143, 5.925032 ] }, { "date": "2025-05-09", "close": 7.46, "volume": 5329470, "typical_volume": 2229713.0, "trend": 6.109333, "fair_value": 9.293462, "relative_strength": 3.713333, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.696006, "energy": 58.609753, "activity_lines": [ 6.636, 6.292, 6.08119, 6.011226 ] }, { "date": "2025-05-16", "close": 7.82, "volume": 3599319, "typical_volume": 2353085.2, "trend": 6.099333, "fair_value": 9.285256, "relative_strength": 2.532601, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 81.150716, "energy": 82.574975, "activity_lines": [ 7.133333, 6.599818, 6.25919, 6.121591 ] }, { "date": "2025-05-23", "close": 7.08, "volume": 1813297, "typical_volume": 2337637.55, "trend": 6.063333, "fair_value": 9.268782, "relative_strength": -4.048591, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.398352, "energy": 76.285616, "activity_lines": [ 7.247333, 6.736364, 6.35519, 6.18486 ] }, { "date": "2025-05-30", "close": 7.15, "volume": 1155978, "typical_volume": 2309174.4, "trend": 6.054333, "fair_value": 9.250962, "relative_strength": -4.164478, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.19741, "energy": 74.579891, "activity_lines": [ 7.277333, 6.866909, 6.452, 6.254968 ] }, { "date": "2025-06-06", "close": 7.15, "volume": 1478655, "typical_volume": 2313732.8, "trend": 6.096, "fair_value": 9.234487, "relative_strength": -5.242928, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.394473, "energy": 63.472945, "activity_lines": [ 7.246, 6.979273, 6.542286, 6.325656 ] }, { "date": "2025-06-13", "close": 7.28, "volume": 1705394, "typical_volume": 2327434.15, "trend": 6.140333, "fair_value": 9.220705, "relative_strength": -2.274304, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.425798, "energy": 43.757661, "activity_lines": [ 7.228667, 7.097636, 6.639905, 6.402043 ] }, { "date": "2025-06-20", "close": 7.74, "volume": 2648666, "typical_volume": 2387022.25, "trend": 6.198, "fair_value": 9.21609, "relative_strength": 4.443684, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.378281, "energy": 47.829139, "activity_lines": [ 7.376667, 7.266364, 6.774762, 6.505247 ] }, { "date": "2025-06-27", "close": 8.02, "volume": 2287314, "typical_volume": 2421589.1, "trend": 6.267333, "fair_value": 9.22, "relative_strength": 4.452985, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.559921, "energy": 52.146166, "activity_lines": [ 7.623333, 7.450182, 6.927048, 6.622796 ] }, { "date": "2025-07-04", "close": 8.37, "volume": 1128233, "typical_volume": 2391620.2, "trend": 6.351333, "fair_value": 9.225128, "relative_strength": 7.689253, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.649405, "energy": 74.128027, "activity_lines": [ 7.924, 7.651273, 7.100905, 6.758452 ] }, { "date": "2025-07-11", "close": 8.3, "volume": 1196734, "typical_volume": 2352444.9, "trend": 6.440667, "fair_value": 9.22891, "relative_strength": 7.572109, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.221833, "energy": 80.096487, "activity_lines": [ 8.12, 7.800727, 7.256048, 6.884172 ] }, { "date": "2025-07-18", "close": 8.22, "volume": 1497590, "typical_volume": 2325176.0, "trend": 6.538333, "fair_value": 9.230897, "relative_strength": 5.775906, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.242197, "energy": 77.801185, "activity_lines": [ 8.212667, 7.906727, 7.391571, 6.998968 ] }, { "date": "2025-07-25", "close": 8.53, "volume": 1014359, "typical_volume": 2208856.25, "trend": 6.642667, "fair_value": 9.228462, "relative_strength": 9.470168, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.445279, "energy": 82.180309, "activity_lines": [ 8.346, 8.055273, 7.544905, 7.127462 ] }, { "date": "2025-08-01", "close": 9.55, "volume": 5450249, "typical_volume": 2333001.65, "trend": 6.766, "fair_value": 9.229423, "relative_strength": 25.404878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.821991, "energy": 87.670003, "activity_lines": [ 8.766667, 8.376364, 7.782381, 7.315032 ] }, { "date": "2025-08-08", "close": 9.69, "volume": 2491890, "typical_volume": 2349688.9, "trend": 6.896333, "fair_value": 9.225449, "relative_strength": 22.77899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.408168, "energy": 94.611705, "activity_lines": [ 9.132, 8.678, 8.016524, 7.503677 ] }, { "date": "2025-08-15", "close": 9.41, "volume": 2029345, "typical_volume": 2369768.95, "trend": 7.007, "fair_value": 9.222372, "relative_strength": 18.75373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.55685, "energy": 89.551856, "activity_lines": [ 9.316, 8.882545, 8.207143, 7.665849 ] }, { "date": "2025-08-22", "close": 9.74, "volume": 1993377, "typical_volume": 2320874.75, "trend": 7.135, "fair_value": 9.217628, "relative_strength": 24.145773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.823991, "energy": 91.835602, "activity_lines": [ 9.536, 9.106, 8.41381, 7.842172 ] }, { "date": "2025-08-29", "close": 10.16, "volume": 2080542, "typical_volume": 2289743.7, "trend": 7.280333, "fair_value": 9.231026, "relative_strength": 29.772441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.553072, "energy": 93.418824, "activity_lines": [ 9.794667, 9.361091, 8.640048, 8.037333 ] }, { "date": "2025-09-05", "close": 10.2, "volume": 1060017, "typical_volume": 2284244.25, "trend": 7.435333, "fair_value": 9.245, "relative_strength": 28.958472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.692612, "energy": 81.376206, "activity_lines": [ 9.958, 9.579455, 8.84919, 8.225699 ] }, { "date": "2025-09-12", "close": 10.16, "volume": 1017885, "typical_volume": 2204294.45, "trend": 7.579333, "fair_value": 9.259231, "relative_strength": 26.043517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.466392, "energy": 71.691907, "activity_lines": [ 10.064667, 9.750909, 9.032, 8.401484 ] }, { "date": "2025-09-19", "close": 9.86, "volume": 1478723, "typical_volume": 2122851.85, "trend": 7.715333, "fair_value": 9.278205, "relative_strength": 19.835799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.42074, "energy": 66.320537, "activity_lines": [ 10.04, 9.835273, 9.167524, 8.548624 ] }, { "date": "2025-09-26", "close": 9.84, "volume": 1108643, "typical_volume": 1911810.5, "trend": 7.851333, "fair_value": 9.294167, "relative_strength": 20.224944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.922209, "energy": 63.24008, "activity_lines": [ 9.978667, 9.887636, 9.286143, 8.685699 ] }, { "date": "2025-10-03", "close": 9.45, "volume": 1574713, "typical_volume": 1810580.2, "trend": 7.973, "fair_value": 9.306538, "relative_strength": 14.081664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.006934, "energy": 49.13021, "activity_lines": [ 9.780667, 9.839636, 9.356286, 8.788839 ] }, { "date": "2025-10-10", "close": 8.8, "volume": 1131172, "typical_volume": 1776473.95, "trend": 8.064667, "fair_value": 9.313654, "relative_strength": 8.87847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.204265, "energy": 25.720273, "activity_lines": [ 9.413333, 9.656727, 9.356762, 8.842194 ] }, { "date": "2025-10-17", "close": 8.74, "volume": 918047, "typical_volume": 1764577.4, "trend": 8.151, "fair_value": 9.318333, "relative_strength": 5.854848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.551286, "energy": 25.562764, "activity_lines": [ 9.119333, 9.476545, 9.343333, 8.885763 ] }, { "date": "2025-10-24", "close": 9.51, "volume": 1038397, "typical_volume": 1742564.5, "trend": 8.262, "fair_value": 9.321923, "relative_strength": 12.905405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.940762, "energy": 26.10618, "activity_lines": [ 9.176667, 9.453636, 9.395667, 8.973441 ] }, { "date": "2025-10-31", "close": 9.075, "volume": 800620, "typical_volume": 1697325.8, "trend": 8.382833, "fair_value": 9.312532, "relative_strength": 5.821729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.964232, "energy": 21.239837, "activity_lines": [ 9.112333, 9.349818, 9.395333, 9.025892 ] }, { "date": "2025-11-07", "close": 6.85, "volume": 3255347, "typical_volume": 1727659.85, "trend": 8.418833, "fair_value": 9.288622, "relative_strength": -17.556135, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -48.230888, "energy": 43.946349, "activity_lines": [ 8.357333, 8.853545, 9.174548, 8.927 ] }, { "date": "2025-11-14", "close": 6.79, "volume": 2481964, "typical_volume": 1737392.35, "trend": 8.462833, "fair_value": 9.264904, "relative_strength": -18.056763, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.192409, "energy": 70.427946, "activity_lines": [ 7.755667, 8.406545, 8.952286, 8.821914 ] }, { "date": "2025-11-21", "close": 6.76, "volume": 2128046, "typical_volume": 1787383.0, "trend": 8.4805, "fair_value": 9.235865, "relative_strength": -15.762703, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.30291, "energy": 76.522802, "activity_lines": [ 7.278, 8.016091, 8.733024, 8.712054 ] }, { "date": "2025-11-28", "close": 6.8, "volume": 1010027, "typical_volume": 1778047.65, "trend": 8.4835, "fair_value": 9.20625, "relative_strength": -19.173235, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.364177, "energy": 79.53396, "activity_lines": [ 6.945667, 7.694727, 8.525238, 8.603634 ] }, { "date": "2025-12-05", "close": 7.31, "volume": 3849803, "typical_volume": 1895658.3, "trend": 8.4785, "fair_value": 9.178686, "relative_strength": -14.039488, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.974445, "energy": 74.565421, "activity_lines": [ 6.964, 7.521727, 8.373167, 8.527925 ] }, { "date": "2025-12-12", "close": 7.46, "volume": 2274778, "typical_volume": 1958679.25, "trend": 8.4665, "fair_value": 9.161827, "relative_strength": -10.770355, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.949223, "energy": 59.646801, "activity_lines": [ 7.15, 7.422, 8.239714, 8.462215 ] }, { "date": "2025-12-19", "close": 7.05, "volume": 2219781, "typical_volume": 1797155.85, "trend": 8.4655, "fair_value": 9.142917, "relative_strength": -16.281581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.471467, "energy": 52.787709, "activity_lines": [ 7.158667, 7.283909, 8.07231, 8.370828 ] }, { "date": "2025-12-26", "close": 7.0, "volume": 772451, "typical_volume": 1711183.9, "trend": 8.4605, "fair_value": 9.122917, "relative_strength": -17.98826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.220308, "energy": 47.690897, "activity_lines": [ 7.133333, 7.168545, 7.912048, 8.27628 ] }, { "date": "2026-01-02", "close": 6.8, "volume": 925094, "typical_volume": 1655971.35, "trend": 8.448833, "fair_value": 9.100609, "relative_strength": -18.903897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.045737, "energy": 50.925577, "activity_lines": [ 7.025333, 7.048455, 7.745548, 8.169151 ] }, { "date": "2026-01-09", "close": 7.15, "volume": 1188121, "typical_volume": 1615708.55, "trend": 8.4445, "fair_value": 9.076058, "relative_strength": -16.56581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.478908, "energy": 48.167949, "activity_lines": [ 7.034, 7.041273, 7.62481, 8.085355 ] }, { "date": "2026-01-16", "close": 7.48, "volume": 1166388, "typical_volume": 1570000.85, "trend": 8.435833, "fair_value": 9.060288, "relative_strength": -11.995968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.694321, "energy": 38.597624, "activity_lines": [ 7.163333, 7.129091, 7.547833, 8.023129 ] }, { "date": "2026-01-23", "close": 7.25, "volume": 920385, "typical_volume": 1563019.25, "trend": 8.410167, "fair_value": 9.044071, "relative_strength": -14.955366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.608266, "energy": 34.508223, "activity_lines": [ 7.214667, 7.163636, 7.461714, 7.946624 ] }, { "date": "2026-01-30", "close": 7.17, "volume": 775580, "typical_volume": 1550904.0, "trend": 8.370167, "fair_value": 9.017532, "relative_strength": -15.822476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.024806, "energy": 28.882073, "activity_lines": [ 7.226, 7.175273, 7.382024, 7.866613 ] }, { "date": "2026-02-06", "close": 7.41, "volume": 1179435, "typical_volume": 1535939.6, "trend": 8.3405, "fair_value": 8.999455, "relative_strength": -11.446044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.160018, "energy": 26.737036, "activity_lines": [ 7.306, 7.223091, 7.339429, 7.804667 ] }, { "date": "2026-02-13", "close": 7.4, "volume": 1090833, "typical_volume": 1535049.1, "trend": 8.313167, "fair_value": 8.977276, "relative_strength": -10.603652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.018532, "energy": 26.359326, "activity_lines": [ 7.342, 7.258, 7.307548, 7.743989 ] }, { "date": "2026-02-20", "close": 7.38, "volume": 1110390, "typical_volume": 1511832.95, "trend": 8.274833, "fair_value": 8.959776, "relative_strength": -11.987162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.031369, "energy": 20.456147, "activity_lines": [ 7.354667, 7.287636, 7.285381, 7.683785 ] }, { "date": "2026-02-27", "close": 7.11, "volume": 1460608, "typical_volume": 1528304.75, "trend": 8.1935, "fair_value": 8.940096, "relative_strength": -15.032418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.704781, "energy": 23.690845, "activity_lines": [ 7.284, 7.269636, 7.247357, 7.608634 ] }, { "date": "2026-03-06", "close": 6.2, "volume": 2285505, "typical_volume": 1596677.65, "trend": 8.077167, "fair_value": 8.925481, "relative_strength": -24.816842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.098678, "energy": 54.163039, "activity_lines": [ 6.919333, 7.085091, 7.130714, 7.480022 ] }, { "date": "2026-03-13", "close": 5.76, "volume": 2663104, "typical_volume": 1677913.0, "trend": 7.9555, "fair_value": 8.912532, "relative_strength": -29.148243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.376188, "energy": 87.872995, "activity_lines": [ 6.472667, 6.835091, 6.984262, 7.330527 ] }, { "date": "2026-03-20", "close": 5.81, "volume": 1931749, "typical_volume": 1734469.45, "trend": 7.8245, "fair_value": 8.899455, "relative_strength": -26.806285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.555104, "energy": 92.666796, "activity_lines": [ 6.152667, 6.613091, 6.860429, 7.192108 ] }, { "date": "2026-03-27", "close": 5.76, "volume": 1874861, "typical_volume": 1665445.15, "trend": 7.677833, "fair_value": 8.880417, "relative_strength": -24.698502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.890791, "energy": 90.768231, "activity_lines": [ 5.922, 6.406364, 6.747381, 7.058914 ] }, { "date": "2026-04-03", "close": 5.84, "volume": 1657412, "typical_volume": 1624217.55, "trend": 7.5325, "fair_value": 8.867788, "relative_strength": -26.266101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.595854, "energy": 87.08904, "activity_lines": [ 5.826, 6.245455, 6.647143, 6.940344 ] }, { "date": "2026-04-10", "close": 6.0, "volume": 1224721, "typical_volume": 1579051.3, "trend": 7.393833, "fair_value": 8.852724, "relative_strength": -27.17624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.246155, "energy": 68.364355, "activity_lines": [ 5.868, 6.139273, 6.566667, 6.841473 ] }, { "date": "2026-04-17", "close": 6.34, "volume": 1420330, "typical_volume": 1599566.45, "trend": 7.2765, "fair_value": 8.841635, "relative_strength": -27.259812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.930306, "energy": 51.724387, "activity_lines": [ 6.036667, 6.116182, 6.52219, 6.773484 ] }, { "date": "2026-04-24", "close": 6.3, "volume": 1021626, "typical_volume": 1458157.6, "trend": 7.1585, "fair_value": 8.832468, "relative_strength": -28.895897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.17399, "energy": 36.909413, "activity_lines": [ 6.153333, 6.105273, 6.476095, 6.710484 ] }, { "date": "2026-05-01", "close": 6.25, "volume": 1095296, "typical_volume": 1399183.5, "trend": 7.051833, "fair_value": 8.820288, "relative_strength": -30.080803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.618831, "energy": 27.536041, "activity_lines": [ 6.220667, 6.105273, 6.430048, 6.651871 ] }, { "date": "2026-05-08", "close": 5.25, "volume": 2815220, "typical_volume": 1428955.45, "trend": 6.9335, "fair_value": 8.799327, "relative_strength": -43.679448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.45845, "energy": 45.295061, "activity_lines": [ 5.922, 5.944, 6.294524, 6.535624 ] }, { "date": "2026-05-15", "close": 4.92, "volume": 3364356, "typical_volume": 1558550.7, "trend": 6.806167, "fair_value": 8.774135, "relative_strength": -46.410641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.777368, "energy": 58.721187, "activity_lines": [ 5.552667, 5.756545, 6.136143, 6.40572 ] }, { "date": "2026-05-22", "close": 5.06, "volume": 3813502, "typical_volume": 1702971.1, "trend": 6.657833, "fair_value": 8.749776, "relative_strength": -44.983152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.827973, "energy": 74.642611, "activity_lines": [ 5.302, 5.617818, 6.001, 6.293065 ] }, { "date": "2026-05-29", "close": 5.32, "volume": 2219544, "typical_volume": 1754542.25, "trend": 6.532667, "fair_value": 8.72484, "relative_strength": -43.219595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.887743, "energy": 74.897673, "activity_lines": [ 5.223333, 5.539091, 5.898905, 6.206753 ] }, { "date": "2026-06-05", "close": 5.36, "volume": 2105110, "typical_volume": 1801478.35, "trend": 6.483, "fair_value": 8.698494, "relative_strength": -39.550677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.605843, "energy": 75.012834, "activity_lines": [ 5.223333, 5.476545, 5.809333, 6.131097 ] }, { "date": "2026-06-12", "close": 5.78, "volume": 2213531, "typical_volume": 1866135.65, "trend": 6.449333, "fair_value": 8.677083, "relative_strength": -35.709736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.154605, "energy": 45.443538, "activity_lines": [ 5.422667, 5.497636, 5.769857, 6.085742 ] }, { "date": "2026-06-19", "close": 5.88, "volume": 2264266, "typical_volume": 1940569.95, "trend": 6.42, "fair_value": 8.655801, "relative_strength": -35.623922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.708439, "energy": 26.66303, "activity_lines": [ 5.62, 5.538, 5.746905, 6.049011 ] }, { "date": "2026-06-26", "close": 5.56, "volume": 2283275, "typical_volume": 1995761.95, "trend": 6.378667, "fair_value": 8.629776, "relative_strength": -35.57557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.496894, "energy": 20.984372, "activity_lines": [ 5.646667, 5.522364, 5.699619, 5.993527 ] }, { "date": "2026-07-03", "close": 5.99, "volume": 2735258, "typical_volume": 2077983.2, "trend": 6.334667, "fair_value": 8.607532, "relative_strength": -30.451958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.630059, "energy": 21.28085, "activity_lines": [ 5.783333, 5.599091, 5.702095, 5.968452 ] }, { "date": "2026-07-10", "close": 6.45, "volume": 3737407, "typical_volume": 2209334.05, "trend": 6.301, "fair_value": 8.589327, "relative_strength": -25.717778, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.257858, "energy": 16.951555, "activity_lines": [ 6.028667, 5.765091, 5.755095, 5.975892 ] }, { "date": "2026-07-17", "close": 6.17, "volume": 2114578, "typical_volume": 2242032.55, "trend": 6.271667, "fair_value": 8.571571, "relative_strength": -25.157626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.363196, "energy": 16.584563, "activity_lines": [ 6.108, 5.876545, 5.785857, 5.967441 ] }, { "date": "2026-07-24", "close": 6.34, "volume": 1763234, "typical_volume": 2215919.0, "trend": 6.249667, "fair_value": 8.55484, "relative_strength": -21.099205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.232163, "energy": 22.985422, "activity_lines": [ 6.218, 6.002182, 5.837286, 5.971849 ] }, { "date": "2026-07-31", "close": 6.04, "volume": 2263064, "typical_volume": 2195917.0, "trend": 6.224333, "fair_value": 8.525929, "relative_strength": -24.18494, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.298644, "energy": 17.872301, "activity_lines": [ 6.197333, 6.047455, 5.859476, 5.958323 ] }, { "date": "2026-08-07", "close": 5.595, "volume": 3260642, "typical_volume": 2262361.65, "trend": 6.1725, "fair_value": 8.495897, "relative_strength": -32.138535, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.271546, "energy": 12.59131, "activity_lines": [ 5.996333, 5.994, 5.837952, 5.91772 ] } ], "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." } } }