{ "ticker": { "uuid": "eb99b51b-ee3e-4b98-9a06-52e5bf2799d4", "symbol": "GTE", "name": "Gran Tierra Energy Inc.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 42.975, "architecture_energy": 28.908, "architecture_maturity": 49.646, "architecture_confidence": 67.846, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 45.82, "rotation_up": 58.43, "upward_expansion": 54.36, "deceleration": 62.14, "rotation_down": 10.72, "downward_expansion": 23.36 }, "activity_lines": [ 10.866, 10.212545, 10.549667, 10.591957 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 12.49, "trend_reference": 10.191, "distance_from_trend": 0.225591, "trend_direction": "Improving", "fair_value": 8.672885, "distance_from_fair_value": 0.440121, "fair_value_direction": "Weakening", "relative_strength": 35.365001, "relative_strength_direction": "Weakening", "price_momentum": 0.667557, "excess_performance": 0.547135, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.225591, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.156185, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.440121, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.041862, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.35365, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.174502, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.667557, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.900729, "read": "Demand-led" } ], "volume": { "latest": 1785500, "relative_activity": 6.095729, "balance": 5.900729, "dry_up": 1.944625, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.130381, "annualized_volatility": 0.722717, "from_high_reference": -0.227104, "from_low_reference": 1.884527 }, "levels": { "trend_reference": 10.191, "fair_value_reference": 8.672885, "structural_low": 7.17, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": -0.059783, "positive_rate": 0.411765, "directional_follow_through": 0.411765, "median_excess_return": -0.085845, "regime_survival": 0.647059, "best_return": 0.306667, "worst_return": -0.262857, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.188636, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.242156, "regime_survival": 0.142857, "best_return": 0.479936, "worst_return": -0.347826, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.17612, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.250959, "regime_survival": 0.333333, "best_return": 0.937143, "worst_return": -0.456522, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.265, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.401539, "regime_survival": 0.5, "best_return": 0.629213, "worst_return": -0.51087, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": -0.074212, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": -0.072707, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2024-12-13", "tenure": "Developing", "return": 0.054705, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": 0.175661, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": -0.284832, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": -0.018293, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-06-13", "tenure": "Established", "return": 0.245509, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-25", "tenure": "Developing", "return": -0.197982, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2025-11-14", "tenure": "Established", "return": 0.114754, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-01-23", "tenure": "Developing", "return": 0.147673, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-06-05", "tenure": "Established", "return": 0.440977, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": -0.264448, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-10", "end": "2026-07-31", "tenure": "New", "return": 0.18602, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.83, "volume": 205000, "typical_volume": 281503.5, "trend": 9.588333, "fair_value": 11.095192, "relative_strength": -27.578457, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.659561, "energy": 25.373604, "activity_lines": [ 9.012, 8.446727, 8.183714, 8.737161 ] }, { "date": "2023-08-25", "close": 8.29, "volume": 190900, "typical_volume": 278920.0, "trend": 9.438, "fair_value": 11.122692, "relative_strength": -31.1581, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.411299, "energy": 17.825378, "activity_lines": [ 8.786, 8.507273, 8.152048, 8.653398 ] }, { "date": "2023-09-01", "close": 8.88, "volume": 497600, "typical_volume": 297827.5, "trend": 9.337333, "fair_value": 11.157821, "relative_strength": -27.631288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.447801, "energy": 11.386743, "activity_lines": [ 8.774, 8.658182, 8.194714, 8.617398 ] }, { "date": "2023-09-08", "close": 8.59, "volume": 147500, "typical_volume": 298443.5, "trend": 9.217, "fair_value": 11.193013, "relative_strength": -27.24681, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.230398, "energy": 11.264575, "activity_lines": [ 8.681333, 8.710727, 8.226524, 8.569183 ] }, { "date": "2023-09-15", "close": 9.0, "volume": 244700, "typical_volume": 301519.5, "trend": 9.147, "fair_value": 11.229551, "relative_strength": -24.533239, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.376725, "energy": 9.11467, "activity_lines": [ 8.760667, 8.799455, 8.31219, 8.555183 ] }, { "date": "2023-09-22", "close": 8.76, "volume": 173900, "typical_volume": 292490.0, "trend": 9.052333, "fair_value": 11.264551, "relative_strength": -22.35378, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.780237, "energy": 13.767704, "activity_lines": [ 8.774667, 8.807273, 8.383095, 8.530215 ] }, { "date": "2023-09-29", "close": 9.42, "volume": 272900, "typical_volume": 256655.0, "trend": 8.969667, "fair_value": 11.305705, "relative_strength": -14.228079, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.997615, "energy": 20.677252, "activity_lines": [ 9.013333, 8.913455, 8.51419, 8.553935 ] }, { "date": "2023-10-06", "close": 8.34, "volume": 400500, "typical_volume": 263140.0, "trend": 8.871, "fair_value": 11.339936, "relative_strength": -21.266494, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.544115, "energy": 8.219283, "activity_lines": [ 8.816667, 8.807455, 8.533667, 8.513312 ] }, { "date": "2023-10-13", "close": 9.23, "volume": 211900, "typical_volume": 266600.0, "trend": 8.845333, "fair_value": 11.381154, "relative_strength": -12.397209, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.515412, "energy": 18.519444, "activity_lines": [ 8.952667, 8.877455, 8.634857, 8.536473 ] }, { "date": "2023-10-20", "close": 8.96, "volume": 200800, "typical_volume": 267185.0, "trend": 8.797333, "fair_value": 11.420641, "relative_strength": -11.911717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.645318, "energy": 17.070453, "activity_lines": [ 8.956, 8.896364, 8.700667, 8.543871 ] }, { "date": "2023-10-27", "close": 8.61, "volume": 277400, "typical_volume": 265535.0, "trend": 8.684333, "fair_value": 11.459808, "relative_strength": -12.23457, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.02555, "energy": 6.100681, "activity_lines": [ 8.845333, 8.856364, 8.726048, 8.531785 ] }, { "date": "2023-11-03", "close": 9.47, "volume": 620700, "typical_volume": 285480.0, "trend": 8.596667, "fair_value": 11.503846, "relative_strength": -7.291232, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.106778, "energy": 29.31208, "activity_lines": [ 9.031333, 8.976727, 8.829619, 8.582473 ] }, { "date": "2023-11-10", "close": 8.59, "volume": 414800, "typical_volume": 294595.0, "trend": 8.469667, "fair_value": 11.540962, "relative_strength": -13.783463, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.691284, "energy": 20.691258, "activity_lines": [ 8.920667, 8.915636, 8.839333, 8.582043 ] }, { "date": "2023-11-17", "close": 8.8, "volume": 726800, "typical_volume": 319180.0, "trend": 8.373, "fair_value": 11.578141, "relative_strength": -12.734251, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.433263, "energy": 15.949987, "activity_lines": [ 8.863333, 8.898, 8.858476, 8.603355 ] }, { "date": "2023-11-24", "close": 8.71, "volume": 185500, "typical_volume": 317280.0, "trend": 8.306667, "fair_value": 11.608974, "relative_strength": -12.158979, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.218252, "energy": 15.123282, "activity_lines": [ 8.804667, 8.860182, 8.858, 8.625097 ] }, { "date": "2023-12-01", "close": 8.67, "volume": 167200, "typical_volume": 307430.0, "trend": 8.322333, "fair_value": 11.639551, "relative_strength": -12.995373, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 18.646386, "energy": 11.551021, "activity_lines": [ 8.749333, 8.820364, 8.845333, 8.648538 ] }, { "date": "2023-12-08", "close": 7.99, "volume": 221300, "typical_volume": 299665.0, "trend": 8.336, "fair_value": 11.656795, "relative_strength": -18.524552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 0.196795, "energy": 9.237188, "activity_lines": [ 8.463333, 8.658545, 8.762667, 8.627097 ] }, { "date": "2023-12-15", "close": 7.74, "volume": 227400, "typical_volume": 299255.0, "trend": 8.337333, "fair_value": 11.676923, "relative_strength": -21.078242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.909494, "energy": 31.918929, "activity_lines": [ 8.192667, 8.477273, 8.658857, 8.588645 ] }, { "date": "2023-12-22", "close": 7.61, "volume": 198000, "typical_volume": 289870.0, "trend": 8.351, "fair_value": 11.696859, "relative_strength": -22.773018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.759541, "energy": 45.279366, "activity_lines": [ 7.935333, 8.283273, 8.549238, 8.54172 ] }, { "date": "2023-12-29", "close": 7.44, "volume": 129600, "typical_volume": 285720.0, "trend": 8.35, "fair_value": 11.714423, "relative_strength": -23.714913, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.769619, "energy": 59.321647, "activity_lines": [ 7.700667, 8.087818, 8.430619, 8.482946 ] }, { "date": "2024-01-05", "close": 7.54, "volume": 212100, "typical_volume": 286075.0, "trend": 8.340333, "fair_value": 11.726859, "relative_strength": -21.90187, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.015868, "energy": 60.182769, "activity_lines": [ 7.584, 7.938182, 8.33, 8.430688 ] }, { "date": "2024-01-12", "close": 6.88, "volume": 329100, "typical_volume": 292985.0, "trend": 8.324333, "fair_value": 11.729295, "relative_strength": -28.057994, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.824807, "energy": 69.994177, "activity_lines": [ 7.322667, 7.688, 8.172667, 8.336473 ] }, { "date": "2024-01-19", "close": 6.48, "volume": 227800, "typical_volume": 279495.0, "trend": 8.328, "fair_value": 11.729808, "relative_strength": -31.054619, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.927276, "energy": 84.261596, "activity_lines": [ 7.002, 7.412182, 7.983952, 8.217484 ] }, { "date": "2024-01-26", "close": 7.27, "volume": 342000, "typical_volume": 289220.0, "trend": 8.354333, "fair_value": 11.728974, "relative_strength": -22.543231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.4896, "energy": 72.463572, "activity_lines": [ 7.028667, 7.318364, 7.881905, 8.149226 ] }, { "date": "2024-02-02", "close": 6.91, "volume": 224700, "typical_volume": 288220.0, "trend": 8.353, "fair_value": 11.719423, "relative_strength": -25.446045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.69427, "energy": 72.832253, "activity_lines": [ 6.958, 7.186909, 7.751857, 8.056043 ] }, { "date": "2024-02-09", "close": 6.95, "volume": 215100, "typical_volume": 290280.0, "trend": 8.332333, "fair_value": 11.680641, "relative_strength": -23.875505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.078322, "energy": 63.795298, "activity_lines": [ 6.936, 7.095455, 7.635571, 7.965527 ] }, { "date": "2024-02-16", "close": 7.14, "volume": 277300, "typical_volume": 290500.0, "trend": 8.285333, "fair_value": 11.650128, "relative_strength": -21.991287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.637966, "energy": 46.054901, "activity_lines": [ 7.016667, 7.069818, 7.546, 7.888602 ] }, { "date": "2024-02-23", "close": 7.4, "volume": 308500, "typical_volume": 285900.0, "trend": 8.228, "fair_value": 11.627692, "relative_strength": -18.919612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.277544, "energy": 35.371682, "activity_lines": [ 7.166667, 7.106909, 7.492048, 7.831484 ] }, { "date": "2024-03-01", "close": 7.55, "volume": 211600, "typical_volume": 285885.0, "trend": 8.175667, "fair_value": 11.610064, "relative_strength": -16.956558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.849367, "energy": 24.938784, "activity_lines": [ 7.305333, 7.177455, 7.456857, 7.787742 ] }, { "date": "2024-03-08", "close": 7.72, "volume": 196600, "typical_volume": 285675.0, "trend": 8.125667, "fair_value": 11.592885, "relative_strength": -14.971379, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.539226, "energy": 22.595235, "activity_lines": [ 7.482, 7.28, 7.445857, 7.758344 ] }, { "date": "2024-03-15", "close": 8.37, "volume": 251800, "typical_volume": 284395.0, "trend": 8.110333, "fair_value": 11.579231, "relative_strength": -7.719666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.521866, "energy": 17.129353, "activity_lines": [ 7.821333, 7.495636, 7.502667, 7.774108 ] }, { "date": "2024-03-22", "close": 9.04, "volume": 223100, "typical_volume": 264515.0, "trend": 8.135333, "fair_value": 11.580769, "relative_strength": -0.381005, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 41.890423, "energy": 42.297685, "activity_lines": [ 8.289333, 7.818, 7.624429, 7.834086 ] }, { "date": "2024-03-29", "close": 9.69, "volume": 166900, "typical_volume": 252120.0, "trend": 8.162333, "fair_value": 11.584551, "relative_strength": 6.695543, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.641087, "energy": 69.984594, "activity_lines": [ 8.847333, 8.219273, 7.810143, 7.934387 ] }, { "date": "2024-04-05", "close": 11.09, "volume": 262800, "typical_volume": 228920.0, "trend": 8.245667, "fair_value": 11.603718, "relative_strength": 22.155721, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 66.096266, "energy": 85.285008, "activity_lines": [ 9.719333, 8.816727, 8.123952, 8.123269 ] }, { "date": "2024-04-12", "close": 11.16, "volume": 178300, "typical_volume": 228560.0, "trend": 8.317667, "fair_value": 11.623333, "relative_strength": 25.522376, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 61.538121, "energy": 86.058277, "activity_lines": [ 10.378667, 9.357455, 8.433524, 8.31129 ] }, { "date": "2024-04-19", "close": 11.24, "volume": 386600, "typical_volume": 239530.0, "trend": 8.400333, "fair_value": 11.64859, "relative_strength": 27.2603, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 81.561114, "energy": 93.168618, "activity_lines": [ 10.835333, 9.835455, 8.739048, 8.499828 ] }, { "date": "2024-04-26", "close": 11.47, "volume": 219700, "typical_volume": 239450.0, "trend": 8.468667, "fair_value": 11.669551, "relative_strength": 28.885949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.828675, "energy": 92.258388, "activity_lines": [ 11.177333, 10.277273, 9.054238, 8.697871 ] }, { "date": "2024-05-03", "close": 11.82, "volume": 528800, "typical_volume": 254520.0, "trend": 8.584667, "fair_value": 11.690192, "relative_strength": 32.076819, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.682465, "energy": 91.886256, "activity_lines": [ 11.474, 10.704, 9.38619, 8.914086 ] }, { "date": "2024-05-10", "close": 12.6, "volume": 500200, "typical_volume": 269630.0, "trend": 8.697, "fair_value": 11.717756, "relative_strength": 37.257968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.230062, "energy": 90.709023, "activity_lines": [ 11.888667, 11.192182, 9.773, 9.17314 ] }, { "date": "2024-05-17", "close": 12.6, "volume": 209300, "typical_volume": 273615.0, "trend": 8.818333, "fair_value": 11.752372, "relative_strength": 35.14906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.027142, "energy": 80.648841, "activity_lines": [ 12.202667, 11.588545, 10.136048, 9.424946 ] }, { "date": "2024-05-24", "close": 11.59, "volume": 224300, "typical_volume": 274225.0, "trend": 8.917667, "fair_value": 11.777308, "relative_strength": 24.212159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.517921, "energy": 66.472106, "activity_lines": [ 12.084, 11.712545, 10.378333, 9.603763 ] }, { "date": "2024-05-31", "close": 12.62, "volume": 306700, "typical_volume": 273105.0, "trend": 9.022667, "fair_value": 11.803718, "relative_strength": 34.368361, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.361727, "energy": 68.376559, "activity_lines": [ 12.285333, 11.965273, 10.699429, 9.842624 ] }, { "date": "2024-06-07", "close": 12.84, "volume": 266400, "typical_volume": 275035.0, "trend": 9.164333, "fair_value": 11.832821, "relative_strength": 37.151833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.483082, "energy": 66.344573, "activity_lines": [ 12.483333, 12.192909, 11.014143, 10.088903 ] }, { "date": "2024-06-14", "close": 13.33, "volume": 263100, "typical_volume": 271090.0, "trend": 9.315333, "fair_value": 11.858013, "relative_strength": 43.203988, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.230835, "energy": 67.095989, "activity_lines": [ 12.776667, 12.452364, 11.345238, 10.357656 ] }, { "date": "2024-06-21", "close": 13.11, "volume": 246400, "typical_volume": 272175.0, "trend": 9.462, "fair_value": 11.880513, "relative_strength": 39.641652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.018088, "energy": 65.254695, "activity_lines": [ 12.948, 12.631091, 11.626524, 10.602473 ] }, { "date": "2024-06-28", "close": 13.24, "volume": 237300, "typical_volume": 273285.0, "trend": 9.614333, "fair_value": 11.904487, "relative_strength": 37.238363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.307315, "energy": 63.043412, "activity_lines": [ 13.128667, 12.798, 11.890667, 10.846215 ] }, { "date": "2024-07-05", "close": 13.43, "volume": 133000, "typical_volume": 266070.0, "trend": 9.795667, "fair_value": 11.933526, "relative_strength": 36.513701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.151962, "energy": 64.243492, "activity_lines": [ 13.262667, 12.963091, 12.142952, 11.092387 ] }, { "date": "2024-07-12", "close": 13.51, "volume": 129900, "typical_volume": 257140.0, "trend": 9.988, "fair_value": 11.970769, "relative_strength": 32.33681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.704766, "energy": 61.246812, "activity_lines": [ 13.369333, 13.107091, 12.372905, 11.332022 ] }, { "date": "2024-07-19", "close": 13.27, "volume": 143100, "typical_volume": 253715.0, "trend": 10.176667, "fair_value": 12.005192, "relative_strength": 28.95977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.873149, "energy": 55.759316, "activity_lines": [ 13.351333, 13.176727, 12.550905, 11.543763 ] }, { "date": "2024-07-26", "close": 12.81, "volume": 102900, "typical_volume": 249030.0, "trend": 10.355667, "fair_value": 12.039231, "relative_strength": 23.199279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.728836, "energy": 47.252986, "activity_lines": [ 13.184, 13.150545, 12.657857, 11.713656 ] }, { "date": "2024-08-02", "close": 10.67, "volume": 211700, "typical_volume": 247025.0, "trend": 10.46, "fair_value": 12.062756, "relative_strength": 5.198613, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.542501, "energy": 14.46972, "activity_lines": [ 12.323333, 12.731455, 12.536762, 11.733935 ] }, { "date": "2024-08-09", "close": 10.78, "volume": 120000, "typical_volume": 241870.0, "trend": 10.59, "fair_value": 12.090192, "relative_strength": 5.744609, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.432914, "energy": 21.880469, "activity_lines": [ 11.670667, 12.349091, 12.41519, 11.754581 ] }, { "date": "2024-08-16", "close": 11.84, "volume": 158600, "typical_volume": 241455.0, "trend": 10.768667, "fair_value": 12.12891, "relative_strength": 12.077125, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.07559, "energy": 24.5931, "activity_lines": [ 11.548, 12.192909, 12.386286, 11.835226 ] }, { "date": "2024-08-23", "close": 10.44, "volume": 228900, "typical_volume": 239760.0, "trend": 10.874333, "fair_value": 12.152244, "relative_strength": -2.282401, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.672415, "energy": 34.57263, "activity_lines": [ 11.07, 11.800364, 12.21381, 11.814022 ] }, { "date": "2024-08-30", "close": 9.98, "volume": 156200, "typical_volume": 238655.0, "trend": 10.976667, "fair_value": 12.168782, "relative_strength": -6.80994, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.089947, "energy": 57.236476, "activity_lines": [ 10.627333, 11.376727, 12.000619, 11.756323 ] }, { "date": "2024-09-06", "close": 8.94, "volume": 217800, "typical_volume": 230215.0, "trend": 11.043, "fair_value": 12.180577, "relative_strength": -14.324088, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.194612, "energy": 70.075921, "activity_lines": [ 10.026667, 10.820909, 11.694, 11.624925 ] }, { "date": "2024-09-13", "close": 8.23, "volume": 197400, "typical_volume": 229100.0, "trend": 11.079333, "fair_value": 12.182051, "relative_strength": -23.482758, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.949701, "energy": 80.953384, "activity_lines": [ 9.304667, 10.214182, 11.330714, 11.443441 ] }, { "date": "2024-09-20", "close": 8.5, "volume": 265900, "typical_volume": 215955.0, "trend": 11.116, "fair_value": 12.182051, "relative_strength": -21.675219, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.0603, "energy": 79.805925, "activity_lines": [ 8.842667, 9.751091, 11.008571, 11.277032 ] }, { "date": "2024-09-27", "close": 8.29, "volume": 138300, "typical_volume": 197860.0, "trend": 11.140667, "fair_value": 12.174295, "relative_strength": -23.455026, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.732945, "energy": 89.536094, "activity_lines": [ 8.533333, 9.340909, 10.682238, 11.09471 ] }, { "date": "2024-10-04", "close": 9.14, "volume": 222600, "typical_volume": 198525.0, "trend": 11.188, "fair_value": 12.159808, "relative_strength": -16.129657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.032942, "energy": 83.133981, "activity_lines": [ 8.650667, 9.175818, 10.457381, 10.965634 ] }, { "date": "2024-10-11", "close": 9.1, "volume": 116600, "typical_volume": 193140.0, "trend": 11.212333, "fair_value": 12.149551, "relative_strength": -17.187584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.730483, "energy": 57.858932, "activity_lines": [ 8.810667, 9.070182, 10.24519, 10.830925 ] }, { "date": "2024-10-18", "close": 8.65, "volume": 84900, "typical_volume": 182050.0, "trend": 11.199333, "fair_value": 12.134487, "relative_strength": -21.99503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.815146, "energy": 54.337083, "activity_lines": [ 8.81, 8.911273, 10.002, 10.665613 ] }, { "date": "2024-10-25", "close": 8.84, "volume": 64700, "typical_volume": 171965.0, "trend": 11.171, "fair_value": 12.118718, "relative_strength": -18.76919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.670989, "energy": 43.809258, "activity_lines": [ 8.844667, 8.825636, 9.79581, 10.513398 ] }, { "date": "2024-11-01", "close": 8.61, "volume": 59700, "typical_volume": 161795.0, "trend": 11.088333, "fair_value": 12.105321, "relative_strength": -19.777007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.992168, "energy": 49.632479, "activity_lines": [ 8.78, 8.752727, 9.586762, 10.348172 ] }, { "date": "2024-11-08", "close": 8.9, "volume": 165400, "typical_volume": 157745.0, "trend": 11.013, "fair_value": 12.091859, "relative_strength": -18.488776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.759273, "energy": 44.624678, "activity_lines": [ 8.790667, 8.765818, 9.42781, 10.206989 ] }, { "date": "2024-11-15", "close": 8.58, "volume": 91600, "typical_volume": 150460.0, "trend": 10.924333, "fair_value": 12.085321, "relative_strength": -21.52103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.101368, "energy": 48.111407, "activity_lines": [ 8.710667, 8.740364, 9.258429, 10.050022 ] }, { "date": "2024-11-22", "close": 8.93, "volume": 70200, "typical_volume": 147320.0, "trend": 10.839667, "fair_value": 12.08359, "relative_strength": -19.807855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.584886, "energy": 44.983352, "activity_lines": [ 8.782, 8.785091, 9.144571, 9.921355 ] }, { "date": "2024-11-29", "close": 9.62, "volume": 205200, "typical_volume": 151085.0, "trend": 10.766333, "fair_value": 12.089487, "relative_strength": -14.11345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.905431, "energy": 28.800022, "activity_lines": [ 9.064667, 8.942545, 9.117857, 9.842667 ] }, { "date": "2024-12-06", "close": 9.21, "volume": 100400, "typical_volume": 148950.0, "trend": 10.653333, "fair_value": 12.08891, "relative_strength": -17.789161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.627706, "energy": 23.708749, "activity_lines": [ 9.158667, 9.005091, 9.070619, 9.742258 ] }, { "date": "2024-12-13", "close": 9.64, "volume": 116600, "typical_volume": 149635.0, "trend": 10.554667, "fair_value": 12.092372, "relative_strength": -12.546381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.275551, "energy": 19.005072, "activity_lines": [ 9.356, 9.129091, 9.083667, 9.676882 ] }, { "date": "2024-12-20", "close": 9.45, "volume": 108800, "typical_volume": 144490.0, "trend": 10.483333, "fair_value": 12.086923, "relative_strength": -11.994842, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.49569, "energy": 19.081551, "activity_lines": [ 9.440667, 9.209455, 9.093714, 9.605613 ] }, { "date": "2024-12-27", "close": 10.36, "volume": 128100, "typical_volume": 144895.0, "trend": 10.408, "fair_value": 12.091795, "relative_strength": -4.550522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.846999, "energy": 19.087271, "activity_lines": [ 9.770667, 9.448909, 9.196238, 9.597656 ] }, { "date": "2025-01-03", "close": 11.11, "volume": 273900, "typical_volume": 150660.0, "trend": 10.350333, "fair_value": 12.097628, "relative_strength": 0.860507, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 22.401731, "energy": 38.444143, "activity_lines": [ 10.255333, 9.793636, 9.37219, 9.642946 ] }, { "date": "2025-01-10", "close": 11.34, "volume": 143600, "typical_volume": 146395.0, "trend": 10.284, "fair_value": 12.100449, "relative_strength": 3.629516, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.050723, "energy": 64.474551, "activity_lines": [ 10.717333, 10.138909, 9.573524, 9.706796 ] }, { "date": "2025-01-17", "close": 10.68, "volume": 165200, "typical_volume": 146845.0, "trend": 10.203, "fair_value": 12.100321, "relative_strength": -4.055432, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.795718, "energy": 58.165324, "activity_lines": [ 10.817333, 10.314545, 9.707714, 9.732344 ] }, { "date": "2025-01-24", "close": 9.04, "volume": 321200, "typical_volume": 152015.0, "trend": 10.063, "fair_value": 12.085833, "relative_strength": -20.103295, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.415302, "energy": 22.946838, "activity_lines": [ 10.301333, 10.159636, 9.682381, 9.657312 ] }, { "date": "2025-01-31", "close": 8.26, "volume": 192800, "typical_volume": 151785.0, "trend": 9.890667, "fair_value": 12.052244, "relative_strength": -27.168439, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -39.333432, "energy": 20.54166, "activity_lines": [ 9.552667, 9.854545, 9.582286, 9.540989 ] }, { "date": "2025-02-07", "close": 8.11, "volume": 121000, "typical_volume": 144540.0, "trend": 9.710667, "fair_value": 12.001667, "relative_strength": -28.200082, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -49.407956, "energy": 40.898379, "activity_lines": [ 8.894, 9.534364, 9.467762, 9.426108 ] }, { "date": "2025-02-14", "close": 8.2, "volume": 162800, "typical_volume": 145765.0, "trend": 9.541667, "fair_value": 11.951026, "relative_strength": -27.473698, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.059526, "energy": 49.553549, "activity_lines": [ 8.465333, 9.258, 9.363667, 9.328645 ] }, { "date": "2025-02-21", "close": 8.05, "volume": 75700, "typical_volume": 138420.0, "trend": 9.383, "fair_value": 11.891731, "relative_strength": -27.768784, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.697904, "energy": 66.201233, "activity_lines": [ 8.196, 8.972727, 9.245714, 9.232409 ] }, { "date": "2025-02-28", "close": 6.68, "volume": 321200, "typical_volume": 148650.0, "trend": 9.25, "fair_value": 11.809551, "relative_strength": -40.41781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.559039, "energy": 84.752591, "activity_lines": [ 7.645333, 8.467273, 9.002476, 9.058022 ] }, { "date": "2025-03-07", "close": 6.7, "volume": 267900, "typical_volume": 157800.0, "trend": 9.114, "fair_value": 11.722372, "relative_strength": -38.480918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.528797, "energy": 84.6046, "activity_lines": [ 7.258667, 8.015818, 8.772667, 8.893505 ] }, { "date": "2025-03-14", "close": 6.86, "volume": 168600, "typical_volume": 162995.0, "trend": 8.948, "fair_value": 11.645192, "relative_strength": -36.195649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.257311, "energy": 82.743055, "activity_lines": [ 7.029333, 7.66, 8.567381, 8.748086 ] }, { "date": "2025-03-21", "close": 7.13, "volume": 140400, "typical_volume": 167030.0, "trend": 8.837667, "fair_value": 11.555, "relative_strength": -34.425047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.341089, "energy": 77.873855, "activity_lines": [ 6.973333, 7.430545, 8.397238, 8.630796 ] }, { "date": "2025-03-28", "close": 7.14, "volume": 112400, "typical_volume": 164380.0, "trend": 8.743, "fair_value": 11.475128, "relative_strength": -33.340054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.012095, "energy": 66.881286, "activity_lines": [ 6.992, 7.279455, 8.235095, 8.521269 ] }, { "date": "2025-04-04", "close": 5.84, "volume": 228300, "typical_volume": 171215.0, "trend": 8.639667, "fair_value": 11.380513, "relative_strength": -41.152056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.123782, "energy": 70.865326, "activity_lines": [ 6.638, 6.956364, 7.957524, 8.333978 ] }, { "date": "2025-04-11", "close": 5.51, "volume": 283800, "typical_volume": 181895.0, "trend": 8.549, "fair_value": 11.278013, "relative_strength": -44.719775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.629779, "energy": 72.706971, "activity_lines": [ 6.23, 6.631455, 7.661571, 8.132065 ] }, { "date": "2025-04-18", "close": 6.59, "volume": 199000, "typical_volume": 181585.0, "trend": 8.485333, "fair_value": 11.181795, "relative_strength": -34.816905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.385679, "energy": 60.933786, "activity_lines": [ 6.261333, 6.552909, 7.484762, 8.005677 ] }, { "date": "2025-04-25", "close": 6.31, "volume": 130000, "typical_volume": 183065.0, "trend": 8.419333, "fair_value": 11.089551, "relative_strength": -38.134656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.838096, "energy": 68.630787, "activity_lines": [ 6.217333, 6.451091, 7.295714, 7.865333 ] }, { "date": "2025-05-02", "close": 5.98, "volume": 74200, "typical_volume": 180945.0, "trend": 8.314, "fair_value": 10.994551, "relative_strength": -41.302451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.304544, "energy": 61.782656, "activity_lines": [ 6.118, 6.323636, 7.089048, 7.707957 ] }, { "date": "2025-05-09", "close": 6.36, "volume": 93300, "typical_volume": 180170.0, "trend": 8.222667, "fair_value": 10.913526, "relative_strength": -37.44755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.961666, "energy": 47.77705, "activity_lines": [ 6.222667, 6.302909, 6.936, 7.581892 ] }, { "date": "2025-05-16", "close": 6.85, "volume": 249800, "typical_volume": 186255.0, "trend": 8.162667, "fair_value": 10.835641, "relative_strength": -33.270606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.262606, "energy": 36.116534, "activity_lines": [ 6.456, 6.377091, 6.844333, 7.493333 ] }, { "date": "2025-05-23", "close": 6.59, "volume": 70200, "typical_volume": 176070.0, "trend": 8.087667, "fair_value": 10.739423, "relative_strength": -34.735188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.180845, "energy": 30.347763, "activity_lines": [ 6.513333, 6.401273, 6.744619, 7.391871 ] }, { "date": "2025-05-30", "close": 6.53, "volume": 59200, "typical_volume": 171850.0, "trend": 8.018333, "fair_value": 10.631282, "relative_strength": -35.042824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.851055, "energy": 25.929907, "activity_lines": [ 6.550667, 6.419455, 6.660714, 7.291376 ] }, { "date": "2025-06-06", "close": 6.53, "volume": 87800, "typical_volume": 167980.0, "trend": 7.939333, "fair_value": 10.523782, "relative_strength": -34.564974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.239775, "energy": 23.574878, "activity_lines": [ 6.573333, 6.448545, 6.599714, 7.195355 ] }, { "date": "2025-06-13", "close": 8.32, "volume": 355300, "typical_volume": 169685.0, "trend": 7.930667, "fair_value": 10.460449, "relative_strength": -15.565698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.168718, "energy": 14.165121, "activity_lines": [ 7.156, 6.814182, 6.728952, 7.219914 ] }, { "date": "2025-06-20", "close": 7.93, "volume": 192800, "typical_volume": 169685.0, "trend": 7.897333, "fair_value": 10.417692, "relative_strength": -18.195636, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.454061, "energy": 20.321008, "activity_lines": [ 7.478, 7.063818, 6.824476, 7.219871 ] }, { "date": "2025-06-27", "close": 6.69, "volume": 125900, "typical_volume": 169930.0, "trend": 7.799667, "fair_value": 10.365705, "relative_strength": -30.189366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.984971, "energy": 18.304403, "activity_lines": [ 7.314667, 7.044, 6.803476, 7.141978 ] }, { "date": "2025-07-04", "close": 6.63, "volume": 42500, "typical_volume": 163915.0, "trend": 7.713667, "fair_value": 10.315256, "relative_strength": -30.376133, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.74201, "energy": 18.018272, "activity_lines": [ 7.124667, 7.011455, 6.783524, 7.066516 ] }, { "date": "2025-07-11", "close": 6.3, "volume": 146600, "typical_volume": 167460.0, "trend": 7.602333, "fair_value": 10.265256, "relative_strength": -32.435217, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.092997, "energy": 21.391058, "activity_lines": [ 6.818, 6.913091, 6.739619, 6.975312 ] }, { "date": "2025-07-18", "close": 6.11, "volume": 164900, "typical_volume": 159645.0, "trend": 7.491, "fair_value": 10.210833, "relative_strength": -33.838638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.924338, "energy": 37.377749, "activity_lines": [ 6.463333, 6.774364, 6.685952, 6.879032 ] }, { "date": "2025-07-25", "close": 6.36, "volume": 230500, "typical_volume": 157775.0, "trend": 7.357667, "fair_value": 10.142628, "relative_strength": -30.274049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.194639, "energy": 39.269801, "activity_lines": [ 6.339333, 6.685636, 6.65881, 6.806065 ] }, { "date": "2025-08-01", "close": 5.49, "volume": 366000, "typical_volume": 167645.0, "trend": 7.170333, "fair_value": 10.079103, "relative_strength": -37.757308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.268324, "energy": 64.508039, "activity_lines": [ 6.03, 6.447636, 6.550429, 6.68557 ] }, { "date": "2025-08-08", "close": 5.15, "volume": 490000, "typical_volume": 185125.0, "trend": 6.964, "fair_value": 10.00891, "relative_strength": -42.150641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.935981, "energy": 74.54456, "activity_lines": [ 5.687333, 6.167818, 6.41619, 6.555226 ] }, { "date": "2025-08-15", "close": 5.35, "volume": 326000, "typical_volume": 195805.0, "trend": 6.786333, "fair_value": 9.943205, "relative_strength": -39.043817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.553621, "energy": 73.052641, "activity_lines": [ 5.51, 5.949455, 6.310429, 6.451097 ] }, { "date": "2025-08-22", "close": 5.68, "volume": 207300, "typical_volume": 194755.0, "trend": 6.674333, "fair_value": 9.872564, "relative_strength": -35.279737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.25432, "energy": 69.218442, "activity_lines": [ 5.506, 5.812545, 6.244619, 6.37972 ] }, { "date": "2025-08-29", "close": 5.6, "volume": 314300, "typical_volume": 196280.0, "trend": 6.585667, "fair_value": 9.791795, "relative_strength": -35.785553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.482226, "energy": 58.654013, "activity_lines": [ 5.504, 5.709091, 6.171952, 6.310409 ] }, { "date": "2025-09-05", "close": 5.46, "volume": 128300, "typical_volume": 192745.0, "trend": 6.497333, "fair_value": 9.712692, "relative_strength": -37.63529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.02173, "energy": 42.714155, "activity_lines": [ 5.506, 5.622545, 6.085524, 6.237785 ] }, { "date": "2025-09-12", "close": 5.37, "volume": 231200, "typical_volume": 197805.0, "trend": 6.403, "fair_value": 9.629167, "relative_strength": -38.501024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.789413, "energy": 43.347187, "activity_lines": [ 5.48, 5.542, 5.995905, 6.165054 ] }, { "date": "2025-09-19", "close": 5.4, "volume": 265000, "typical_volume": 207345.0, "trend": 6.314667, "fair_value": 9.5625, "relative_strength": -38.470801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.784425, "energy": 43.096209, "activity_lines": [ 5.449333, 5.489818, 5.913619, 6.100344 ] }, { "date": "2025-09-26", "close": 6.21, "volume": 395600, "typical_volume": 222460.0, "trend": 6.299, "fair_value": 9.493974, "relative_strength": -28.584581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.86257, "energy": 26.327719, "activity_lines": [ 5.685333, 5.601273, 5.911238, 6.093591 ] }, { "date": "2025-10-03", "close": 6.25, "volume": 229000, "typical_volume": 221420.0, "trend": 6.284, "fair_value": 9.410321, "relative_strength": -28.990941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.328055, "energy": 17.293773, "activity_lines": [ 5.899333, 5.718182, 5.913381, 6.09043 ] }, { "date": "2025-10-10", "close": 5.92, "volume": 359400, "typical_volume": 235880.0, "trend": 6.252667, "fair_value": 9.337372, "relative_strength": -30.538866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.541034, "energy": 20.941555, "activity_lines": [ 5.96, 5.777091, 5.886952, 6.066946 ] }, { "date": "2025-10-17", "close": 5.3, "volume": 250000, "typical_volume": 245420.0, "trend": 6.191667, "fair_value": 9.256603, "relative_strength": -37.621024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.69519, "energy": 24.545685, "activity_lines": [ 5.783333, 5.715455, 5.804667, 6.005484 ] }, { "date": "2025-10-24", "close": 5.64, "volume": 271400, "typical_volume": 254600.0, "trend": 6.141667, "fair_value": 9.179936, "relative_strength": -33.357066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.855439, "energy": 17.576828, "activity_lines": [ 5.724667, 5.712909, 5.760619, 5.969892 ] }, { "date": "2025-10-31", "close": 4.77, "volume": 498300, "typical_volume": 261750.0, "trend": 6.106, "fair_value": 9.097051, "relative_strength": -42.684853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.695968, "energy": 49.937332, "activity_lines": [ 5.36, 5.546909, 5.637952, 5.881398 ] }, { "date": "2025-11-07", "close": 6.05, "volume": 501800, "typical_volume": 277200.0, "trend": 6.124, "fair_value": 9.023654, "relative_strength": -25.640362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.094173, "energy": 29.034285, "activity_lines": [ 5.518, 5.630182, 5.654095, 5.877785 ] }, { "date": "2025-11-14", "close": 6.12, "volume": 380600, "typical_volume": 289935.0, "trend": 6.108333, "fair_value": 8.959679, "relative_strength": -25.05036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.460514, "energy": 14.039251, "activity_lines": [ 5.712667, 5.718, 5.685857, 5.877527 ] }, { "date": "2025-11-21", "close": 6.23, "volume": 468500, "typical_volume": 311235.0, "trend": 6.105667, "fair_value": 8.898333, "relative_strength": -22.484335, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.998184, "energy": 6.45675, "activity_lines": [ 5.930667, 5.813818, 5.73081, 5.885376 ] }, { "date": "2025-11-28", "close": 6.42, "volume": 203600, "typical_volume": 314085.0, "trend": 6.120333, "fair_value": 8.842692, "relative_strength": -22.274537, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.304688, "energy": 23.883829, "activity_lines": [ 6.15, 5.928545, 5.795762, 5.905656 ] }, { "date": "2025-12-05", "close": 6.46, "volume": 399500, "typical_volume": 325815.0, "trend": 6.123667, "fair_value": 8.80141, "relative_strength": -20.730592, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.040461, "energy": 30.845338, "activity_lines": [ 6.330667, 6.032, 5.863952, 5.92757 ] }, { "date": "2025-12-12", "close": 5.41, "volume": 478000, "typical_volume": 338190.0, "trend": 6.075667, "fair_value": 8.759167, "relative_strength": -33.031543, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.39708, "energy": 15.232799, "activity_lines": [ 6.048667, 5.94, 5.830476, 5.881527 ] }, { "date": "2025-12-19", "close": 5.25, "volume": 351100, "typical_volume": 337445.0, "trend": 6.031, "fair_value": 8.709487, "relative_strength": -34.402201, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.024464, "energy": 15.92035, "activity_lines": [ 5.756, 5.834182, 5.786286, 5.828258 ] }, { "date": "2025-12-26", "close": 5.75, "volume": 436500, "typical_volume": 334770.0, "trend": 6.005, "fair_value": 8.659808, "relative_strength": -27.38323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.554536, "energy": 18.10308, "activity_lines": [ 5.688, 5.831455, 5.790857, 5.810129 ] }, { "date": "2026-01-02", "close": 5.81, "volume": 238000, "typical_volume": 330370.0, "trend": 5.981, "fair_value": 8.623333, "relative_strength": -24.833695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.748284, "energy": 19.859369, "activity_lines": [ 5.672, 5.831455, 5.798286, 5.797548 ] }, { "date": "2026-01-09", "close": 6.12, "volume": 561000, "typical_volume": 348055.0, "trend": 5.907667, "fair_value": 8.582436, "relative_strength": -20.898755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.140578, "energy": 8.762628, "activity_lines": [ 5.8, 5.884727, 5.833048, 5.806516 ] }, { "date": "2026-01-16", "close": 6.86, "volume": 539400, "typical_volume": 359310.0, "trend": 5.872, "fair_value": 8.544359, "relative_strength": -10.904493, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.149213, "energy": 35.658104, "activity_lines": [ 6.197333, 6.048, 5.93619, 5.867957 ] }, { "date": "2026-01-23", "close": 7.15, "volume": 243300, "typical_volume": 365060.0, "trend": 5.887333, "fair_value": 8.508141, "relative_strength": -6.354602, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.386107, "energy": 63.615042, "activity_lines": [ 6.594667, 6.249273, 6.060952, 5.950409 ] }, { "date": "2026-01-30", "close": 7.37, "volume": 692500, "typical_volume": 388125.0, "trend": 5.912, "fair_value": 8.479103, "relative_strength": 1.001335, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.762781, "energy": 73.056588, "activity_lines": [ 6.938667, 6.471818, 6.198619, 6.046065 ] }, { "date": "2026-02-06", "close": 7.49, "volume": 456300, "typical_volume": 397690.0, "trend": 5.951667, "fair_value": 8.44891, "relative_strength": 1.668586, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.744273, "energy": 78.363116, "activity_lines": [ 7.214667, 6.695455, 6.33819, 6.147871 ] }, { "date": "2026-02-13", "close": 7.54, "volume": 324500, "typical_volume": 394135.0, "trend": 5.999333, "fair_value": 8.42609, "relative_strength": 1.287555, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.508605, "energy": 75.694714, "activity_lines": [ 7.395333, 6.908727, 6.472571, 6.250344 ] }, { "date": "2026-02-20", "close": 9.22, "volume": 435300, "typical_volume": 404450.0, "trend": 6.094667, "fair_value": 8.410833, "relative_strength": 21.624831, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.480248, "energy": 87.540427, "activity_lines": [ 8.041333, 7.407818, 6.760619, 6.458129 ] }, { "date": "2026-02-27", "close": 8.27, "volume": 268300, "typical_volume": 399895.0, "trend": 6.187333, "fair_value": 8.387564, "relative_strength": 7.638382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.076743, "energy": 75.528045, "activity_lines": [ 8.213333, 7.664909, 6.944048, 6.598473 ] }, { "date": "2026-03-06", "close": 10.68, "volume": 588800, "typical_volume": 416835.0, "trend": 6.371667, "fair_value": 8.38359, "relative_strength": 43.639763, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.524153, "energy": 86.868576, "activity_lines": [ 9.114, 8.305273, 7.34581, 6.888323 ] }, { "date": "2026-03-13", "close": 11.25, "volume": 486600, "typical_volume": 427595.0, "trend": 6.568333, "fair_value": 8.391603, "relative_strength": 52.957084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.614065, "energy": 94.157794, "activity_lines": [ 9.984, 8.959636, 7.776238, 7.203054 ] }, { "date": "2026-03-20", "close": 11.84, "volume": 895700, "typical_volume": 447465.0, "trend": 6.773667, "fair_value": 8.400833, "relative_strength": 65.966756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.572521, "energy": 92.943945, "activity_lines": [ 10.8, 9.622364, 8.236143, 7.543161 ] }, { "date": "2026-03-27", "close": 12.62, "volume": 848800, "typical_volume": 464815.0, "trend": 7.007667, "fair_value": 8.404808, "relative_strength": 71.795428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.992327, "energy": 93.930623, "activity_lines": [ 11.589333, 10.322909, 8.736667, 7.920344 ] }, { "date": "2026-04-03", "close": 11.8, "volume": 396500, "typical_volume": 465610.0, "trend": 7.219, "fair_value": 8.402885, "relative_strength": 53.719937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.576638, "energy": 83.252391, "activity_lines": [ 11.878667, 10.769636, 9.12781, 8.229527 ] }, { "date": "2026-04-10", "close": 10.43, "volume": 328600, "typical_volume": 458615.0, "trend": 7.387667, "fair_value": 8.390256, "relative_strength": 32.667763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.550891, "energy": 59.920896, "activity_lines": [ 11.476, 10.882727, 9.361429, 8.436688 ] }, { "date": "2026-04-17", "close": 10.36, "volume": 329900, "typical_volume": 464930.0, "trend": 7.553, "fair_value": 8.381667, "relative_strength": 28.970771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.224693, "energy": 49.954148, "activity_lines": [ 11.066667, 10.927455, 9.568381, 8.628452 ] }, { "date": "2026-04-24", "close": 11.77, "volume": 359700, "typical_volume": 462940.0, "trend": 7.738333, "fair_value": 8.388526, "relative_strength": 47.322776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.212863, "energy": 45.027725, "activity_lines": [ 11.186667, 11.176364, 9.890857, 8.900516 ] }, { "date": "2026-05-01", "close": 12.56, "volume": 319500, "typical_volume": 455015.0, "trend": 7.948667, "fair_value": 8.416474, "relative_strength": 55.598542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.602855, "energy": 47.687633, "activity_lines": [ 11.574667, 11.492, 10.263286, 9.211591 ] }, { "date": "2026-05-08", "close": 12.52, "volume": 244400, "typical_volume": 449680.0, "trend": 8.168667, "fair_value": 8.448141, "relative_strength": 52.815226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.486944, "energy": 49.495789, "activity_lines": [ 11.953333, 11.739636, 10.597857, 9.506516 ] }, { "date": "2026-05-15", "close": 12.66, "volume": 197000, "typical_volume": 437705.0, "trend": 8.414, "fair_value": 8.479936, "relative_strength": 54.277374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.174295, "energy": 52.987243, "activity_lines": [ 12.330667, 11.935455, 10.911143, 9.79628 ] }, { "date": "2026-05-22", "close": 11.74, "volume": 188300, "typical_volume": 435220.0, "trend": 8.617333, "fair_value": 8.509038, "relative_strength": 39.467891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.247159, "energy": 48.105875, "activity_lines": [ 12.252667, 11.928, 11.103905, 10.01086 ] }, { "date": "2026-05-29", "close": 10.68, "volume": 188800, "typical_volume": 416610.0, "trend": 8.814333, "fair_value": 8.529615, "relative_strength": 25.220091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.239689, "energy": 36.955336, "activity_lines": [ 11.729333, 11.718909, 11.167476, 10.143935 ] }, { "date": "2026-06-05", "close": 10.62, "volume": 36300, "typical_volume": 391455.0, "trend": 8.966667, "fair_value": 8.5475, "relative_strength": 25.199401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.140797, "energy": 23.184549, "activity_lines": [ 11.258667, 11.52, 11.203619, 10.26043 ] }, { "date": "2026-06-12", "close": 11.42, "volume": 18900, "typical_volume": 380235.0, "trend": 9.143333, "fair_value": 8.573526, "relative_strength": 32.475982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.914645, "energy": 21.337184, "activity_lines": [ 11.184, 11.502909, 11.298048, 10.41871 ] }, { "date": "2026-06-19", "close": 10.17, "volume": 3800, "typical_volume": 345800.0, "trend": 9.274667, "fair_value": 8.597885, "relative_strength": 17.948572, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.934816, "energy": 19.385564, "activity_lines": [ 10.766, 11.265455, 11.253095, 10.484946 ] }, { "date": "2026-06-26", "close": 8.82, "volume": 15000, "typical_volume": 323735.0, "trend": 9.354667, "fair_value": 8.612885, "relative_strength": 2.247177, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.413714, "energy": 22.072638, "activity_lines": [ 10.064, 10.787273, 11.066238, 10.455613 ] }, { "date": "2026-07-03", "close": 8.4, "volume": 7000, "typical_volume": 307860.0, "trend": 9.419333, "fair_value": 8.622179, "relative_strength": -3.30911, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.449932, "energy": 48.805986, "activity_lines": [ 9.416667, 10.260727, 10.833048, 10.394022 ] }, { "date": "2026-07-10", "close": 8.87, "volume": 97300, "typical_volume": 290960.0, "trend": 9.534667, "fair_value": 8.630513, "relative_strength": 1.789453, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.232882, "energy": 58.52217, "activity_lines": [ 9.078, 9.880909, 10.640524, 10.358581 ] }, { "date": "2026-07-17", "close": 9.24, "volume": 174800, "typical_volume": 286285.0, "trend": 9.667667, "fair_value": 8.634936, "relative_strength": 5.843862, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.718593, "energy": 59.170785, "activity_lines": [ 8.979333, 9.635455, 10.484905, 10.33957 ] }, { "date": "2026-07-24", "close": 10.37, "volume": 116100, "typical_volume": 262650.0, "trend": 9.821667, "fair_value": 8.642949, "relative_strength": 17.868111, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.696753, "energy": 37.637762, "activity_lines": [ 9.402667, 9.655091, 10.432286, 10.384882 ] }, { "date": "2026-07-31", "close": 10.52, "volume": 202000, "typical_volume": 248420.0, "trend": 9.978667, "fair_value": 8.651923, "relative_strength": 19.178887, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.2667, "energy": 11.501652, "activity_lines": [ 9.862667, 9.743636, 10.395429, 10.429935 ] }, { "date": "2026-08-07", "close": 12.49, "volume": 1785500, "typical_volume": 292910.0, "trend": 10.191, "fair_value": 8.672885, "relative_strength": 35.365001, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.974697, "energy": 28.907722, "activity_lines": [ 10.866, 10.212545, 10.549667, 10.591957 ] } ], "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." } } }