{ "ticker": { "uuid": "ec076351-c6ea-43a1-bcf8-a8f87b629edd", "symbol": "BSS", "name": "Biesse S.p.A.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -57.769, "architecture_energy": 53.771, "architecture_maturity": 59.795, "architecture_confidence": 89.019, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 23.51, "rotation_up": 13.61, "upward_expansion": 10.87, "deceleration": 39.69, "rotation_down": 64.16, "downward_expansion": 86.54 }, "activity_lines": [ 5.128667, 5.274, 5.444143, 5.525505 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 5.15, "trend_reference": 5.706, "distance_from_trend": -0.097441, "trend_direction": "Weakening", "fair_value": 8.391011, "distance_from_fair_value": -0.386248, "fair_value_direction": "Weakening", "relative_strength": -30.139352, "relative_strength_direction": "Weakening", "price_momentum": -0.170692, "excess_performance": -0.341584, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.097441, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.064488, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.386248, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.108369, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.301394, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.13435, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.170692, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.313527, "read": "Demand-led" } ], "volume": { "latest": 1161163, "relative_activity": 3.532128, "balance": 1.313527, "dry_up": 1.52747, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.099925, "annualized_volatility": 0.442768, "from_high_reference": -0.398364, "from_low_reference": 0.080797 }, "levels": { "trend_reference": 5.706, "fair_value_reference": 8.391011, "structural_low": 4.765, "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": 39, "median_return": -0.017212, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": -0.04986, "regime_survival": 0.846154, "best_return": 0.230241, "worst_return": -0.251672, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.109868, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.107408, "regime_survival": 0.583333, "best_return": 0.287703, "worst_return": -0.248848, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.128453, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.198688, "regime_survival": 0.5, "best_return": 0.005029, "worst_return": -0.339546, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.297993, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.364182, "regime_survival": 0.0, "best_return": -0.101648, "worst_return": -0.461559, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": -0.052245, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-15", "end": "2024-06-21", "tenure": "Established", "return": -0.027388, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2025-02-21", "tenure": "Extended", "return": -0.202728, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.137423, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.106809, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.231137, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-11", "tenure": "Developing", "return": 0.097561, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-29", "tenure": "Developing", "return": -0.027415, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-10-10", "tenure": "Developing", "return": 0.1125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": -0.013158, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": -0.06338, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-01-09", "tenure": "Developing", "return": 0.213058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": -0.089443, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-13", "end": "2026-08-07", "tenure": "Established", "return": -0.173355, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.834534, "volume": 436639, "typical_volume": 392159.5, "trend": 13.02942, "fair_value": 17.274831, "relative_strength": -14.337969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.320395, "energy": 30.394374, "activity_lines": [ 11.624185, 11.617215, 11.806075, 12.29942 ] }, { "date": "2023-08-25", "close": 11.834534, "volume": 488719, "typical_volume": 401349.8, "trend": 12.944881, "fair_value": 17.264998, "relative_strength": -15.238205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.008499, "energy": 29.102341, "activity_lines": [ 11.683817, 11.653852, 11.777344, 12.22233 ] }, { "date": "2023-09-01", "close": 12.650369, "volume": 509544, "typical_volume": 416942.45, "trend": 12.874105, "fair_value": 17.261518, "relative_strength": -10.39816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.28731, "energy": 8.075631, "activity_lines": [ 12.009496, 11.83918, 11.83373, 12.20333 ] }, { "date": "2023-09-08", "close": 11.942656, "volume": 379150, "typical_volume": 418394.3, "trend": 12.798286, "fair_value": 17.252969, "relative_strength": -13.808423, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.288543, "energy": 15.179959, "activity_lines": [ 12.047503, 11.875102, 11.82652, 12.143236 ] }, { "date": "2023-09-15", "close": 11.392213, "volume": 390440, "typical_volume": 422430.15, "trend": 12.692287, "fair_value": 17.240183, "relative_strength": -19.288346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.733498, "energy": 16.044005, "activity_lines": [ 11.879093, 11.809334, 11.772374, 12.052522 ] }, { "date": "2023-09-22", "close": 11.048185, "volume": 454913, "typical_volume": 428305.65, "trend": 12.53293, "fair_value": 17.231932, "relative_strength": -20.436911, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.172534, "energy": 29.156733, "activity_lines": [ 11.584868, 11.681374, 11.694348, 11.946451 ] }, { "date": "2023-09-29", "close": 10.861427, "volume": 526989, "typical_volume": 427248.2, "trend": 12.35072, "fair_value": 17.215448, "relative_strength": -20.39972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.289824, "energy": 48.291301, "activity_lines": [ 11.280813, 11.526249, 11.608692, 11.838612 ] }, { "date": "2023-10-06", "close": 10.82211, "volume": 306504, "typical_volume": 425289.2, "trend": 12.177431, "fair_value": 17.183334, "relative_strength": -18.925393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.715403, "energy": 62.125532, "activity_lines": [ 11.028526, 11.38006, 11.526032, 11.739992 ] }, { "date": "2023-10-13", "close": 10.753304, "volume": 352042, "typical_volume": 395633.7, "trend": 12.073479, "fair_value": 17.159236, "relative_strength": -20.091107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.43119, "energy": 64.296348, "activity_lines": [ 10.875188, 11.240483, 11.444121, 11.648113 ] }, { "date": "2023-10-20", "close": 9.878493, "volume": 571389, "typical_volume": 403574.65, "trend": 11.931733, "fair_value": 17.130536, "relative_strength": -23.606477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.666292, "energy": 74.774394, "activity_lines": [ 10.509537, 10.957219, 11.283902, 11.506501 ] }, { "date": "2023-10-27", "close": 9.53938, "volume": 603571, "typical_volume": 414781.9, "trend": 11.78156, "fair_value": 17.104157, "relative_strength": -25.321659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.663767, "energy": 79.031242, "activity_lines": [ 10.131762, 10.636782, 11.100936, 11.352155 ] }, { "date": "2023-11-03", "close": 10.330643, "volume": 494587, "typical_volume": 423118.1, "trend": 11.679508, "fair_value": 17.073033, "relative_strength": -22.667989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.682169, "energy": 68.326038, "activity_lines": [ 10.118329, 10.501941, 11.003602, 11.258548 ] }, { "date": "2023-11-10", "close": 10.733646, "volume": 562622, "typical_volume": 437727.45, "trend": 11.588971, "fair_value": 17.043191, "relative_strength": -18.684631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.499249, "energy": 53.978945, "activity_lines": [ 10.274615, 10.467717, 10.951904, 11.197524 ] }, { "date": "2023-11-17", "close": 10.999038, "volume": 635847, "typical_volume": 454930.9, "trend": 11.519112, "fair_value": 17.012152, "relative_strength": -19.065202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.164875, "energy": 32.486933, "activity_lines": [ 10.525264, 10.516596, 10.92918, 11.159464 ] }, { "date": "2023-11-24", "close": 11.087502, "volume": 280847, "typical_volume": 454471.0, "trend": 11.446765, "fair_value": 16.981444, "relative_strength": -17.779351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.51404, "energy": 20.306915, "activity_lines": [ 10.789018, 10.598716, 10.918953, 11.131618 ] }, { "date": "2023-12-01", "close": 11.12682, "volume": 953306, "typical_volume": 492205.25, "trend": 11.378287, "fair_value": 16.951402, "relative_strength": -18.356219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.707945, "energy": 22.044708, "activity_lines": [ 10.985277, 10.693524, 10.914014, 11.110977 ] }, { "date": "2023-12-08", "close": 11.175967, "volume": 387420, "typical_volume": 492879.75, "trend": 11.341591, "fair_value": 16.920019, "relative_strength": -18.800051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.563841, "energy": 19.992101, "activity_lines": [ 11.09209, 10.795839, 10.915161, 11.097924 ] }, { "date": "2023-12-15", "close": 11.873851, "volume": 524511, "typical_volume": 496503.3, "trend": 11.325537, "fair_value": 16.886604, "relative_strength": -13.189195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.926343, "energy": 26.904781, "activity_lines": [ 11.375175, 11.019323, 10.985488, 11.132263 ] }, { "date": "2023-12-22", "close": 12.149072, "volume": 596021, "typical_volume": 487377.8, "trend": 11.337004, "fair_value": 16.852055, "relative_strength": -10.719234, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.685224, "energy": 38.267725, "activity_lines": [ 11.673987, 11.273724, 11.082026, 11.185394 ] }, { "date": "2023-12-29", "close": 12.48327, "volume": 327919, "typical_volume": 489149.0, "trend": 11.356991, "fair_value": 16.820713, "relative_strength": -7.857801, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.431284, "energy": 60.579287, "activity_lines": [ 12.00753, 11.563511, 11.207772, 11.259347 ] }, { "date": "2024-01-05", "close": 11.854193, "volume": 421617, "typical_volume": 488397.9, "trend": 11.362233, "fair_value": 16.776409, "relative_strength": -12.26465, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.306831, "energy": 54.202777, "activity_lines": [ 12.038329, 11.691561, 11.267614, 11.291425 ] }, { "date": "2024-01-12", "close": 12.090096, "volume": 376721, "typical_volume": 482798.0, "trend": 11.370096, "fair_value": 16.733853, "relative_strength": -10.025684, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.719861, "energy": 54.161376, "activity_lines": [ 12.09927, 11.820415, 11.349829, 11.338384 ] }, { "date": "2024-01-19", "close": 11.588799, "volume": 280154, "typical_volume": 471328.5, "trend": 11.372718, "fair_value": 16.684653, "relative_strength": -12.639893, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.118035, "energy": 31.39104, "activity_lines": [ 11.932171, 11.826134, 11.383085, 11.352493 ] }, { "date": "2024-01-26", "close": 12.040949, "volume": 267487, "typical_volume": 465745.35, "trend": 11.378943, "fair_value": 16.646632, "relative_strength": -8.926552, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.432015, "energy": 34.256197, "activity_lines": [ 11.934792, 11.898513, 11.464458, 11.395605 ] }, { "date": "2024-02-02", "close": 12.040949, "volume": 223839, "typical_volume": 457415.3, "trend": 11.399912, "fair_value": 16.589567, "relative_strength": -9.305712, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.247105, "energy": 31.263553, "activity_lines": [ 11.944622, 11.951949, 11.545363, 11.438315 ] }, { "date": "2024-02-09", "close": 11.578969, "volume": 317464, "typical_volume": 450542.85, "trend": 11.405154, "fair_value": 16.52753, "relative_strength": -13.434737, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.440046, "energy": 22.270172, "activity_lines": [ 11.829945, 11.904053, 11.57918, 11.449867 ] }, { "date": "2024-02-16", "close": 12.040949, "volume": 424171, "typical_volume": 445401.95, "trend": 11.414984, "fair_value": 16.460648, "relative_strength": -11.034557, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.113457, "energy": 27.776953, "activity_lines": [ 11.887611, 11.931933, 11.654469, 11.490886 ] }, { "date": "2024-02-23", "close": 12.502929, "volume": 492241, "typical_volume": 454688.8, "trend": 11.435953, "fair_value": 16.411394, "relative_strength": -9.525504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.452046, "energy": 38.778187, "activity_lines": [ 12.102546, 12.028082, 11.768138, 11.561076 ] }, { "date": "2024-03-01", "close": 11.608459, "volume": 625868, "typical_volume": 468380.1, "trend": 11.436281, "fair_value": 16.358417, "relative_strength": -15.693434, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.42626, "energy": 25.810398, "activity_lines": [ 11.958383, 11.950162, 11.788616, 11.572206 ] }, { "date": "2024-03-08", "close": 11.411871, "volume": 558166, "typical_volume": 467718.95, "trend": 11.442506, "fair_value": 16.296255, "relative_strength": -17.353648, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.78535, "energy": 15.616801, "activity_lines": [ 11.777523, 11.846328, 11.786299, 11.570631 ] }, { "date": "2024-03-15", "close": 10.96955, "volume": 501164, "typical_volume": 462598.6, "trend": 11.413673, "fair_value": 16.237645, "relative_strength": -20.999748, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.649198, "energy": 8.918015, "activity_lines": [ 11.491161, 11.681553, 11.734554, 11.540118 ] }, { "date": "2024-03-22", "close": 11.637946, "volume": 497740, "typical_volume": 462756.25, "trend": 11.40712, "fair_value": 16.183201, "relative_strength": -16.358597, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.958396, "energy": 17.378005, "activity_lines": [ 11.468226, 11.654388, 11.739656, 11.554587 ] }, { "date": "2024-03-29", "close": 12.188389, "volume": 357797, "typical_volume": 452515.0, "trend": 11.391721, "fair_value": 16.119867, "relative_strength": -12.733285, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.897956, "energy": 16.883242, "activity_lines": [ 11.655639, 11.735525, 11.790956, 11.604991 ] }, { "date": "2024-04-05", "close": 12.149072, "volume": 483220, "typical_volume": 444883.65, "trend": 11.398601, "fair_value": 16.055097, "relative_strength": -10.547386, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.554029, "energy": 17.893192, "activity_lines": [ 11.850915, 11.798611, 11.831584, 11.653853 ] }, { "date": "2024-04-12", "close": 11.569141, "volume": 276050, "typical_volume": 444643.8, "trend": 11.404499, "fair_value": 15.972889, "relative_strength": -13.612169, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.598331, "energy": 17.220981, "activity_lines": [ 11.81684, 11.75429, 11.811504, 11.664855 ] }, { "date": "2024-04-19", "close": 11.323407, "volume": 244936, "typical_volume": 409225.3, "trend": 11.413673, "fair_value": 15.896794, "relative_strength": -15.273421, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.007652, "energy": 10.760669, "activity_lines": [ 11.690369, 11.673868, 11.765728, 11.659623 ] }, { "date": "2024-04-26", "close": 11.343065, "volume": 238736, "typical_volume": 401791.1, "trend": 11.429728, "fair_value": 15.824728, "relative_strength": -15.283918, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.63953, "energy": 6.921946, "activity_lines": [ 11.546861, 11.601667, 11.720887, 11.655068 ] }, { "date": "2024-05-03", "close": 12.011462, "volume": 204761, "typical_volume": 385803.6, "trend": 11.469373, "fair_value": 15.748549, "relative_strength": -8.071107, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.293623, "energy": 13.286942, "activity_lines": [ 11.64581, 11.663681, 11.738907, 11.692599 ] }, { "date": "2024-05-10", "close": 12.379361, "volume": 334829, "typical_volume": 372744.0, "trend": 11.523575, "fair_value": 15.675793, "relative_strength": -7.646426, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.676267, "energy": 22.152595, "activity_lines": [ 11.879187, 11.801522, 11.791311, 11.751308 ] }, { "date": "2024-05-17", "close": 12.289872, "volume": 809582, "typical_volume": 396827.15, "trend": 11.603954, "fair_value": 15.580463, "relative_strength": -9.779287, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.14926, "energy": 37.883777, "activity_lines": [ 12.067382, 11.909076, 11.834095, 11.800747 ] }, { "date": "2024-05-24", "close": 11.862312, "volume": 427932, "typical_volume": 397142.9, "trend": 11.681385, "fair_value": 15.476714, "relative_strength": -10.185689, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.783175, "energy": 34.939802, "activity_lines": [ 12.065008, 11.922928, 11.837079, 11.817415 ] }, { "date": "2024-05-31", "close": 11.971688, "volume": 290990, "typical_volume": 392856.35, "trend": 11.736086, "fair_value": 15.379699, "relative_strength": -8.939718, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.598825, "energy": 38.100248, "activity_lines": [ 12.063166, 11.940434, 11.850442, 11.836144 ] }, { "date": "2024-06-07", "close": 11.683333, "volume": 154148, "typical_volume": 386556.05, "trend": 11.767743, "fair_value": 15.284739, "relative_strength": -11.144384, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.829106, "energy": 17.098627, "activity_lines": [ 11.923297, 11.899444, 11.836907, 11.832741 ] }, { "date": "2024-06-14", "close": 10.649234, "volume": 370743, "typical_volume": 391718.85, "trend": 11.756083, "fair_value": 15.189537, "relative_strength": -13.627138, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.298585, "energy": 31.022409, "activity_lines": [ 11.460604, 11.679619, 11.724435, 11.760579 ] }, { "date": "2024-06-21", "close": 10.66912, "volume": 267699, "typical_volume": 393911.85, "trend": 11.742136, "fair_value": 15.090441, "relative_strength": -14.692518, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.234535, "energy": 63.424278, "activity_lines": [ 11.119882, 11.49068, 11.620485, 11.690452 ] }, { "date": "2024-06-28", "close": 10.569688, "volume": 351572, "typical_volume": 395617.25, "trend": 11.723565, "fair_value": 14.988579, "relative_strength": -14.650522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.806904, "energy": 73.103456, "activity_lines": [ 10.854065, 11.300026, 11.513598, 11.614811 ] }, { "date": "2024-07-05", "close": 10.629347, "volume": 222826, "typical_volume": 385550.0, "trend": 11.705345, "fair_value": 14.885325, "relative_strength": -15.849968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.707525, "energy": 76.024423, "activity_lines": [ 10.69431, 11.133923, 11.417198, 11.544216 ] }, { "date": "2024-07-12", "close": 10.589574, "volume": 330336, "typical_volume": 377454.75, "trend": 11.662536, "fair_value": 14.783116, "relative_strength": -17.207217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.236257, "energy": 74.50054, "activity_lines": [ 10.610786, 10.973565, 11.323732, 11.472231 ] }, { "date": "2024-07-19", "close": 10.311163, "volume": 296060, "typical_volume": 360964.35, "trend": 11.601272, "fair_value": 14.674866, "relative_strength": -18.073636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.848342, "energy": 73.810755, "activity_lines": [ 10.507377, 10.788439, 11.212863, 11.385045 ] }, { "date": "2024-07-26", "close": 9.818972, "volume": 351376, "typical_volume": 350624.85, "trend": 11.512462, "fair_value": 14.548083, "relative_strength": -20.586695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.842481, "energy": 75.506152, "activity_lines": [ 10.262441, 10.551428, 11.061295, 11.270058 ] }, { "date": "2024-08-02", "close": 8.963851, "volume": 653805, "typical_volume": 358256.9, "trend": 11.416117, "fair_value": 14.433798, "relative_strength": -22.933174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.084103, "energy": 87.144836, "activity_lines": [ 9.789142, 10.203866, 10.835873, 11.105632 ] }, { "date": "2024-08-09", "close": 8.710298, "volume": 444341, "typical_volume": 355586.95, "trend": 11.303457, "fair_value": 14.315048, "relative_strength": -24.060448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.503156, "energy": 92.977899, "activity_lines": [ 9.338381, 9.862903, 10.595854, 10.931063 ] }, { "date": "2024-08-16", "close": 8.968823, "volume": 367757, "typical_volume": 356084.95, "trend": 11.216125, "fair_value": 14.201859, "relative_strength": -24.160291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.146376, "energy": 89.524237, "activity_lines": [ 9.101731, 9.628242, 10.394397, 10.780441 ] }, { "date": "2024-08-23", "close": 9.341696, "volume": 413771, "typical_volume": 352612.5, "trend": 11.12615, "fair_value": 14.082544, "relative_strength": -21.840887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.695303, "energy": 86.45675, "activity_lines": [ 9.097423, 9.510731, 10.243784, 10.65951 ] }, { "date": "2024-08-30", "close": 8.86939, "volume": 597694, "typical_volume": 368694.7, "trend": 11.020431, "fair_value": 13.960438, "relative_strength": -26.62435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.103201, "energy": 82.900477, "activity_lines": [ 9.00031, 9.331119, 10.061557, 10.513913 ] }, { "date": "2024-09-06", "close": 8.143532, "volume": 586205, "typical_volume": 385758.15, "trend": 10.905916, "fair_value": 13.834271, "relative_strength": -29.754415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.0828, "energy": 76.597287, "activity_lines": [ 8.72455, 9.052256, 9.823057, 10.328306 ] }, { "date": "2024-09-13", "close": 8.247936, "volume": 653702, "typical_volume": 406506.45, "trend": 10.779483, "fair_value": 13.709009, "relative_strength": -28.857285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.205029, "energy": 73.451302, "activity_lines": [ 8.53828, 8.836487, 9.609642, 10.156824 ] }, { "date": "2024-09-20", "close": 8.312567, "volume": 734479, "typical_volume": 432992.35, "trend": 10.639804, "fair_value": 13.594215, "relative_strength": -28.150055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.149096, "energy": 76.088904, "activity_lines": [ 8.404377, 8.675768, 9.417122, 9.997668 ] }, { "date": "2024-09-27", "close": 8.779901, "volume": 340311, "typical_volume": 433266.45, "trend": 10.545519, "fair_value": 13.494364, "relative_strength": -25.669908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.462003, "energy": 64.685655, "activity_lines": [ 8.470002, 8.641418, 9.286723, 9.877674 ] }, { "date": "2024-10-04", "close": 8.755043, "volume": 507786, "typical_volume": 418176.65, "trend": 10.456958, "fair_value": 13.400504, "relative_strength": -22.819778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.447089, "energy": 58.240829, "activity_lines": [ 8.564795, 8.63039, 9.171097, 9.76216 ] }, { "date": "2024-10-11", "close": 8.337425, "volume": 736007, "typical_volume": 433580.4, "trend": 10.36922, "fair_value": 13.296043, "relative_strength": -27.46161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.492785, "energy": 56.084305, "activity_lines": [ 8.528005, 8.562776, 9.032531, 9.625416 ] }, { "date": "2024-10-18", "close": 8.362284, "volume": 344101, "typical_volume": 436235.95, "trend": 10.260032, "fair_value": 13.188901, "relative_strength": -28.590586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.36477, "energy": 50.831259, "activity_lines": [ 8.486575, 8.511071, 8.913117, 9.495936 ] }, { "date": "2024-10-25", "close": 8.223079, "volume": 233996, "typical_volume": 440228.35, "trend": 10.127855, "fair_value": 13.08347, "relative_strength": -28.447091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.31994, "energy": 54.055592, "activity_lines": [ 8.39112, 8.440384, 8.797633, 9.36452 ] }, { "date": "2024-11-01", "close": 7.711, "volume": 442387, "typical_volume": 443810.55, "trend": 9.979919, "fair_value": 12.9731, "relative_strength": -32.1651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.728291, "energy": 65.581737, "activity_lines": [ 8.130937, 8.29015, 8.649857, 9.208593 ] }, { "date": "2024-11-08", "close": 7.40773, "volume": 1239491, "typical_volume": 492400.15, "trend": 9.841205, "fair_value": 12.868356, "relative_strength": -32.554466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.818034, "energy": 85.091524, "activity_lines": [ 7.840925, 8.114425, 8.48719, 9.042646 ] }, { "date": "2024-11-15", "close": 7.318241, "volume": 540240, "typical_volume": 501833.55, "trend": 9.7077, "fair_value": 12.769308, "relative_strength": -33.474337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.749201, "energy": 88.462284, "activity_lines": [ 7.610904, 7.949006, 8.331531, 8.879874 ] }, { "date": "2024-11-22", "close": 7.198922, "volume": 269809, "typical_volume": 504182.7, "trend": 9.569561, "fair_value": 12.681796, "relative_strength": -32.544889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.217409, "energy": 89.363642, "activity_lines": [ 7.409056, 7.776897, 8.179991, 8.718017 ] }, { "date": "2024-11-29", "close": 7.387844, "volume": 280728, "typical_volume": 501702.3, "trend": 9.415441, "fair_value": 12.594312, "relative_strength": -29.971999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.410933, "energy": 82.489031, "activity_lines": [ 7.347739, 7.65821, 8.062778, 8.577261 ] }, { "date": "2024-12-06", "close": 7.89495, "volume": 376907, "typical_volume": 505744.65, "trend": 9.265961, "fair_value": 12.509605, "relative_strength": -27.419534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.438, "energy": 60.90584, "activity_lines": [ 7.51114, 7.648538, 8.009108, 8.479165 ] }, { "date": "2024-12-13", "close": 7.666255, "volume": 411791, "typical_volume": 508765.4, "trend": 9.11184, "fair_value": 12.428519, "relative_strength": -29.056659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.466099, "energy": 51.758917, "activity_lines": [ 7.586046, 7.613375, 7.945164, 8.375958 ] }, { "date": "2024-12-20", "close": 7.308298, "volume": 267653, "typical_volume": 489457.8, "trend": 8.960039, "fair_value": 12.329525, "relative_strength": -29.313138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.701863, "energy": 49.935627, "activity_lines": [ 7.524398, 7.532925, 7.857379, 8.259601 ] }, { "date": "2024-12-27", "close": 7.382873, "volume": 55169, "typical_volume": 469999.2, "trend": 8.807079, "fair_value": 12.232429, "relative_strength": -28.541632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.892422, "energy": 42.841807, "activity_lines": [ 7.488271, 7.484746, 7.78458, 8.157848 ] }, { "date": "2025-01-03", "close": 7.372929, "volume": 87729, "typical_volume": 455997.8, "trend": 8.663399, "fair_value": 12.135387, "relative_strength": -27.772624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.386087, "energy": 48.654893, "activity_lines": [ 7.436566, 7.452566, 7.717155, 8.065322 ] }, { "date": "2025-01-10", "close": 7.328184, "volume": 282842, "typical_volume": 449451.35, "trend": 8.552697, "fair_value": 12.042316, "relative_strength": -29.325106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.240029, "energy": 50.493469, "activity_lines": [ 7.37094, 7.427707, 7.653069, 7.979179 ] }, { "date": "2025-01-17", "close": 7.119376, "volume": 455039, "typical_volume": 442318.6, "trend": 8.434372, "fair_value": 11.953111, "relative_strength": -32.753405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.902665, "energy": 52.081979, "activity_lines": [ 7.273496, 7.371844, 7.578684, 7.886707 ] }, { "date": "2025-01-24", "close": 7.402759, "volume": 264635, "typical_volume": 426240.1, "trend": 8.328808, "fair_value": 11.867734, "relative_strength": -29.050471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.598343, "energy": 44.250606, "activity_lines": [ 7.306972, 7.372748, 7.539621, 7.820151 ] }, { "date": "2025-01-31", "close": 8.004327, "volume": 335598, "typical_volume": 410334.9, "trend": 8.241307, "fair_value": 11.787987, "relative_strength": -22.968239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.186097, "energy": 21.352039, "activity_lines": [ 7.534673, 7.481492, 7.561378, 7.799217 ] }, { "date": "2025-02-07", "close": 7.43756, "volume": 413320, "typical_volume": 394276.95, "trend": 8.13624, "fair_value": 11.706144, "relative_strength": -28.728397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.258535, "energy": 21.569774, "activity_lines": [ 7.532021, 7.472543, 7.530317, 7.747362 ] }, { "date": "2025-02-14", "close": 8.153475, "volume": 558987, "typical_volume": 405210.75, "trend": 8.064317, "fair_value": 11.630074, "relative_strength": -22.897325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.62475, "energy": 12.940723, "activity_lines": [ 7.763699, 7.592856, 7.571605, 7.748474 ] }, { "date": "2025-02-21", "close": 8.426915, "volume": 358866, "typical_volume": 397764.75, "trend": 8.017915, "fair_value": 11.56788, "relative_strength": -20.333479, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.321456, "energy": 33.718481, "activity_lines": [ 8.031505, 7.758185, 7.641918, 7.771868 ] }, { "date": "2025-02-28", "close": 8.103759, "volume": 388594, "typical_volume": 380394.1, "trend": 7.989246, "fair_value": 11.526858, "relative_strength": -23.084923, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.112939, "energy": 32.349572, "activity_lines": [ 8.104422, 7.850929, 7.683017, 7.777406 ] }, { "date": "2025-03-07", "close": 8.476631, "volume": 403187, "typical_volume": 383348.4, "trend": 7.981457, "fair_value": 11.482666, "relative_strength": -18.717036, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.14566, "energy": 49.993149, "activity_lines": [ 8.254896, 7.997004, 7.76074, 7.80885 ] }, { "date": "2025-03-14", "close": 6.990114, "volume": 550574, "typical_volume": 399177.3, "trend": 7.9155, "fair_value": 11.435569, "relative_strength": -32.393856, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -31.583177, "energy": 19.711063, "activity_lines": [ 7.878378, 7.852918, 7.696346, 7.744893 ] }, { "date": "2025-03-21", "close": 7.447503, "volume": 543118, "typical_volume": 404213.85, "trend": 7.85236, "fair_value": 11.391936, "relative_strength": -27.90563, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.093307, "energy": 17.843997, "activity_lines": [ 7.684153, 7.798953, 7.681383, 7.714699 ] }, { "date": "2025-03-28", "close": 6.652042, "volume": 780624, "typical_volume": 381270.5, "trend": 7.778448, "fair_value": 11.337231, "relative_strength": -34.256952, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.310676, "energy": 38.491192, "activity_lines": [ 7.271839, 7.598189, 7.591918, 7.637259 ] }, { "date": "2025-04-04", "close": 6.010702, "volume": 687382, "typical_volume": 388627.6, "trend": 7.707354, "fair_value": 11.285808, "relative_strength": -32.672421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.929332, "energy": 62.131361, "activity_lines": [ 6.76407, 7.289315, 7.44497, 7.523211 ] }, { "date": "2025-04-11", "close": 6.045504, "volume": 711851, "typical_volume": 410729.7, "trend": 7.63394, "fair_value": 11.235317, "relative_strength": -30.187099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.027832, "energy": 76.98083, "activity_lines": [ 6.407438, 7.012079, 7.307564, 7.415995 ] }, { "date": "2025-04-18", "close": 6.473064, "volume": 257901, "typical_volume": 409588.35, "trend": 7.572623, "fair_value": 11.184728, "relative_strength": -28.473212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.071311, "energy": 74.206768, "activity_lines": [ 6.355402, 6.848196, 7.21637, 7.3411 ] }, { "date": "2025-04-25", "close": 7.000057, "volume": 240806, "typical_volume": 402783.3, "trend": 7.513295, "fair_value": 11.140948, "relative_strength": -24.655068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.215434, "energy": 62.605379, "activity_lines": [ 6.5135, 6.797666, 7.179722, 7.30416 ] }, { "date": "2025-05-02", "close": 7.01, "volume": 263888, "typical_volume": 395388.15, "trend": 7.455127, "fair_value": 11.101253, "relative_strength": -25.473158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.221253, "energy": 35.846721, "activity_lines": [ 6.704742, 6.769915, 7.148282, 7.27169 ] }, { "date": "2025-05-09", "close": 7.19, "volume": 196304, "typical_volume": 391820.7, "trend": 7.416879, "fair_value": 11.051534, "relative_strength": -24.550498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.860483, "energy": 18.340885, "activity_lines": [ 6.93212, 6.800654, 7.137111, 7.254585 ] }, { "date": "2025-05-16", "close": 7.4, "volume": 798707, "typical_volume": 428997.6, "trend": 7.384803, "fair_value": 11.00257, "relative_strength": -23.803213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.450478, "energy": 18.889108, "activity_lines": [ 7.150879, 6.886188, 7.146502, 7.253496 ] }, { "date": "2025-05-23", "close": 6.97, "volume": 266011, "typical_volume": 437911.7, "trend": 7.343034, "fair_value": 10.948057, "relative_strength": -25.074208, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.269619, "energy": 18.466271, "activity_lines": [ 7.136004, 6.913116, 7.11486, 7.226734 ] }, { "date": "2025-05-30", "close": 7.11, "volume": 254378, "typical_volume": 436488.5, "trend": 7.323, "fair_value": 10.892474, "relative_strength": -23.679038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.702161, "energy": 16.933958, "activity_lines": [ 7.134667, 6.965864, 7.098469, 7.2117 ] }, { "date": "2025-06-06", "close": 7.2, "volume": 221037, "typical_volume": 424788.4, "trend": 7.316076, "fair_value": 10.84534, "relative_strength": -22.670997, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.07035, "energy": 14.46102, "activity_lines": [ 7.156, 7.041111, 7.09169, 7.203764 ] }, { "date": "2025-06-13", "close": 7.0, "volume": 218254, "typical_volume": 422469.35, "trend": 7.305468, "fair_value": 10.805963, "relative_strength": -21.625877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.701769, "energy": 9.444432, "activity_lines": [ 7.098, 7.070033, 7.065478, 7.183372 ] }, { "date": "2025-06-20", "close": 6.85, "volume": 343825, "typical_volume": 422880.7, "trend": 7.293837, "fair_value": 10.767777, "relative_strength": -21.932804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.923873, "energy": 16.943106, "activity_lines": [ 7.002667, 7.053694, 7.026899, 7.153987 ] }, { "date": "2025-06-27", "close": 7.42, "volume": 216810, "typical_volume": 413055.2, "trend": 7.294909, "fair_value": 10.73964, "relative_strength": -15.564976, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.336235, "energy": 5.316038, "activity_lines": [ 7.134, 7.126365, 7.048102, 7.162127 ] }, { "date": "2025-07-04", "close": 7.74, "volume": 393543, "typical_volume": 404783.0, "trend": 7.289744, "fair_value": 10.705622, "relative_strength": -10.74558, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.206365, "energy": 23.20882, "activity_lines": [ 7.342, 7.24, 7.099865, 7.190842 ] }, { "date": "2025-07-11", "close": 7.65, "volume": 199984, "typical_volume": 396838.9, "trend": 7.289202, "fair_value": 10.672933, "relative_strength": -11.894169, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.278637, "energy": 36.837398, "activity_lines": [ 7.478, 7.323818, 7.145025, 7.214085 ] }, { "date": "2025-07-18", "close": 7.66, "volume": 251424, "typical_volume": 389980.4, "trend": 7.300926, "fair_value": 10.638033, "relative_strength": -11.415623, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.797384, "energy": 43.369144, "activity_lines": [ 7.587333, 7.397818, 7.194838, 7.238007 ] }, { "date": "2025-07-25", "close": 7.79, "volume": 272366, "typical_volume": 383439.35, "trend": 7.314497, "fair_value": 10.602675, "relative_strength": -10.0285, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.160543, "energy": 49.184975, "activity_lines": [ 7.696, 7.486909, 7.259145, 7.26956 ] }, { "date": "2025-08-01", "close": 7.06, "volume": 236695, "typical_volume": 367745.4, "trend": 7.304066, "fair_value": 10.567926, "relative_strength": -16.077858, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.141491, "energy": 18.454714, "activity_lines": [ 7.498667, 7.436182, 7.257197, 7.253141 ] }, { "date": "2025-08-08", "close": 7.7, "volume": 170511, "typical_volume": 349115.05, "trend": 7.31646, "fair_value": 10.536357, "relative_strength": -11.446424, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.353083, "energy": 20.668891, "activity_lines": [ 7.538667, 7.500182, 7.315869, 7.278685 ] }, { "date": "2025-08-15", "close": 7.52, "volume": 155875, "typical_volume": 317877.6, "trend": 7.329814, "fair_value": 10.506033, "relative_strength": -14.859182, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.121945, "energy": 15.08461, "activity_lines": [ 7.521333, 7.520727, 7.356196, 7.291817 ] }, { "date": "2025-08-22", "close": 7.78, "volume": 300481, "typical_volume": 298532.55, "trend": 7.342388, "fair_value": 10.477559, "relative_strength": -12.453053, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.690146, "energy": 18.135947, "activity_lines": [ 7.599333, 7.582727, 7.417151, 7.320861 ] }, { "date": "2025-08-29", "close": 7.45, "volume": 243360, "typical_volume": 275108.0, "trend": 7.323911, "fair_value": 10.44734, "relative_strength": -13.291099, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.682742, "energy": 25.35691, "activity_lines": [ 7.559333, 7.570545, 7.438253, 7.327804 ] }, { "date": "2025-09-05", "close": 7.2, "volume": 224890, "typical_volume": 273457.45, "trend": 7.315992, "fair_value": 10.418715, "relative_strength": -14.438184, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.579635, "energy": 13.252586, "activity_lines": [ 7.458667, 7.502, 7.428857, 7.319809 ] }, { "date": "2025-09-12", "close": 7.13, "volume": 180706, "typical_volume": 270452.45, "trend": 7.281876, "fair_value": 10.391671, "relative_strength": -16.556487, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.681443, "energy": 11.553154, "activity_lines": [ 7.325333, 7.424727, 7.409333, 7.30781 ] }, { "date": "2025-09-19", "close": 7.53, "volume": 404807, "typical_volume": 277498.4, "trend": 7.251979, "fair_value": 10.369836, "relative_strength": -10.762774, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.734829, "energy": 17.569092, "activity_lines": [ 7.363333, 7.431273, 7.427286, 7.323818 ] }, { "date": "2025-09-26", "close": 7.25, "volume": 213810, "typical_volume": 278373.7, "trend": 7.223521, "fair_value": 10.346083, "relative_strength": -14.067634, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.857986, "energy": 12.150011, "activity_lines": [ 7.307333, 7.389091, 7.416095, 7.32369 ] }, { "date": "2025-10-03", "close": 8.14, "volume": 423239, "typical_volume": 259600.3, "trend": 7.2123, "fair_value": 10.324099, "relative_strength": -4.209159, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.691053, "energy": 30.411168, "activity_lines": [ 7.583333, 7.516182, 7.489381, 7.382818 ] }, { "date": "2025-10-10", "close": 8.01, "volume": 441542, "typical_volume": 268376.85, "trend": 7.246296, "fair_value": 10.300667, "relative_strength": -2.525307, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.757541, "energy": 52.256176, "activity_lines": [ 7.77, 7.613273, 7.546762, 7.434283 ] }, { "date": "2025-10-17", "close": 7.6, "volume": 307950, "typical_volume": 271055.45, "trend": 7.251379, "fair_value": 10.27147, "relative_strength": -6.360628, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.532966, "energy": 46.508765, "activity_lines": [ 7.766, 7.618545, 7.560143, 7.457102 ] }, { "date": "2025-10-24", "close": 7.5, "volume": 332642, "typical_volume": 276635.7, "trend": 7.279644, "fair_value": 10.234929, "relative_strength": -8.636482, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.874638, "energy": 41.221625, "activity_lines": [ 7.697333, 7.607455, 7.561667, 7.473142 ] }, { "date": "2025-10-31", "close": 5.68, "volume": 1666606, "typical_volume": 349053.3, "trend": 7.268621, "fair_value": 10.200005, "relative_strength": -31.288874, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -40.053609, "energy": 38.573073, "activity_lines": [ 7.024, 7.265818, 7.388429, 7.369939 ] }, { "date": "2025-11-07", "close": 5.32, "volume": 1073554, "typical_volume": 385539.75, "trend": 7.244437, "fair_value": 10.152442, "relative_strength": -34.634088, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.892362, "energy": 84.075974, "activity_lines": [ 6.335333, 6.896909, 7.18719, 7.244222 ] }, { "date": "2025-11-14", "close": 5.82, "volume": 700386, "typical_volume": 409718.55, "trend": 7.222669, "fair_value": 10.111159, "relative_strength": -29.65811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.020764, "energy": 84.594623, "activity_lines": [ 6.001333, 6.657636, 7.040857, 7.152323 ] }, { "date": "2025-11-21", "close": 5.75, "volume": 464311, "typical_volume": 413256.95, "trend": 7.181, "fair_value": 10.067459, "relative_strength": -27.740515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.841885, "energy": 86.21013, "activity_lines": [ 5.79, 6.430727, 6.895476, 7.057312 ] }, { "date": "2025-11-28", "close": 6.42, "volume": 704438, "typical_volume": 438479.65, "trend": 7.161333, "fair_value": 10.026947, "relative_strength": -20.011785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.795228, "energy": 79.382594, "activity_lines": [ 5.925333, 6.350727, 6.823381, 7.008215 ] }, { "date": "2025-12-05", "close": 6.81, "volume": 720712, "typical_volume": 461944.05, "trend": 7.148667, "fair_value": 9.991641, "relative_strength": -14.677159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.645757, "energy": 42.632622, "activity_lines": [ 6.262667, 6.361818, 6.794286, 6.985548 ] }, { "date": "2025-12-12", "close": 7.16, "volume": 522198, "typical_volume": 474435.65, "trend": 7.140667, "fair_value": 9.959439, "relative_strength": -9.938844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.607497, "energy": 18.102577, "activity_lines": [ 6.641333, 6.444545, 6.802571, 6.98628 ] }, { "date": "2025-12-19", "close": 6.99, "volume": 296738, "typical_volume": 477437.8, "trend": 7.141333, "fair_value": 9.92707, "relative_strength": -13.975194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.002665, "energy": 25.583438, "activity_lines": [ 6.840667, 6.514182, 6.797667, 6.976559 ] }, { "date": "2025-12-26", "close": 7.04, "volume": 113343, "typical_volume": 474579.4, "trend": 7.139, "fair_value": 9.894222, "relative_strength": -12.526385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.278819, "energy": 24.257777, "activity_lines": [ 6.978667, 6.611455, 6.797857, 6.970022 ] }, { "date": "2026-01-02", "close": 7.28, "volume": 173025, "typical_volume": 475436.9, "trend": 7.141667, "fair_value": 9.857009, "relative_strength": -10.543311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.423912, "energy": 21.455163, "activity_lines": [ 7.110667, 6.762545, 6.824048, 6.979118 ] }, { "date": "2026-01-09", "close": 7.06, "volume": 200945, "typical_volume": 470460.1, "trend": 7.143667, "fair_value": 9.812052, "relative_strength": -13.396002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.710526, "energy": 16.61334, "activity_lines": [ 7.112, 6.877636, 6.830429, 6.973849 ] }, { "date": "2026-01-16", "close": 6.82, "volume": 322994, "typical_volume": 474441.8, "trend": 7.142667, "fair_value": 9.767217, "relative_strength": -16.058967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.556218, "energy": 12.604356, "activity_lines": [ 7.016667, 6.924, 6.817381, 6.952968 ] }, { "date": "2026-01-23", "close": 6.8, "volume": 226002, "typical_volume": 474497.4, "trend": 7.122, "fair_value": 9.718686, "relative_strength": -14.005675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.885031, "energy": 12.522923, "activity_lines": [ 6.937333, 6.939455, 6.805429, 6.93086 ] }, { "date": "2026-01-30", "close": 6.24, "volume": 224997, "typical_volume": 476711.95, "trend": 7.072, "fair_value": 9.663984, "relative_strength": -21.587721, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.322158, "energy": 29.412457, "activity_lines": [ 6.684, 6.835273, 6.742048, 6.873957 ] }, { "date": "2026-02-06", "close": 6.21, "volume": 274179, "typical_volume": 470180.55, "trend": 7.024, "fair_value": 9.612655, "relative_strength": -21.999244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.499876, "energy": 51.734774, "activity_lines": [ 6.474, 6.716727, 6.680048, 6.818344 ] }, { "date": "2026-02-13", "close": 6.23, "volume": 301997, "typical_volume": 474589.9, "trend": 6.976333, "fair_value": 9.55918, "relative_strength": -20.29479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.706737, "energy": 65.671122, "activity_lines": [ 6.342, 6.605636, 6.626238, 6.767118 ] }, { "date": "2026-02-20", "close": 5.96, "volume": 167934, "typical_volume": 461824.65, "trend": 6.915333, "fair_value": 9.495917, "relative_strength": -24.692065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.376582, "energy": 75.659057, "activity_lines": [ 6.175333, 6.456, 6.551571, 6.701548 ] }, { "date": "2026-02-27", "close": 6.02, "volume": 146385, "typical_volume": 447066.8, "trend": 6.880667, "fair_value": 9.429842, "relative_strength": -24.420457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.951974, "energy": 75.887491, "activity_lines": [ 6.086, 6.339091, 6.493, 6.643785 ] }, { "date": "2026-03-06", "close": 5.37, "volume": 357812, "typical_volume": 449559.9, "trend": 6.803, "fair_value": 9.361568, "relative_strength": -27.097069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.591906, "energy": 88.943697, "activity_lines": [ 5.832, 6.121636, 6.382, 6.546323 ] }, { "date": "2026-03-13", "close": 5.2, "volume": 264381, "typical_volume": 446146.85, "trend": 6.725667, "fair_value": 9.305979, "relative_strength": -29.149242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.763207, "energy": 94.27319, "activity_lines": [ 5.579333, 5.903636, 6.265429, 6.442903 ] }, { "date": "2026-03-20", "close": 5.15, "volume": 391931, "typical_volume": 382413.1, "trend": 6.638, "fair_value": 9.248409, "relative_strength": -26.813183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.06069, "energy": 92.13047, "activity_lines": [ 5.377333, 5.714364, 6.155048, 6.341247 ] }, { "date": "2026-03-27", "close": 5.38, "volume": 296402, "typical_volume": 343555.5, "trend": 6.569, "fair_value": 9.192867, "relative_strength": -24.068895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.279734, "energy": 84.096219, "activity_lines": [ 5.324, 5.601636, 6.069095, 6.260086 ] }, { "date": "2026-04-03", "close": 5.38, "volume": 323161, "typical_volume": 324694.25, "trend": 6.508333, "fair_value": 9.141507, "relative_strength": -27.331458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.976447, "energy": 66.363125, "activity_lines": [ 5.309333, 5.515091, 5.982857, 6.183376 ] }, { "date": "2026-04-10", "close": 5.77, "volume": 248399, "typical_volume": 313898.65, "trend": 6.463, "fair_value": 9.092278, "relative_strength": -24.808303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.107056, "energy": 49.160258, "activity_lines": [ 5.467333, 5.525273, 5.935857, 6.135742 ] }, { "date": "2026-04-17", "close": 6.32, "volume": 367988, "typical_volume": 297076.15, "trend": 6.422667, "fair_value": 9.04885, "relative_strength": -19.277304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.418212, "energy": 20.455706, "activity_lines": [ 5.782, 5.644, 5.941143, 6.126516 ] }, { "date": "2026-04-24", "close": 5.99, "volume": 307262, "typical_volume": 276403.65, "trend": 6.380667, "fair_value": 9.00226, "relative_strength": -20.959158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.060554, "energy": 23.612434, "activity_lines": [ 5.912, 5.700727, 5.915476, 6.098602 ] }, { "date": "2026-05-01", "close": 5.9, "volume": 125395, "typical_volume": 256563.5, "trend": 6.306, "fair_value": 8.955586, "relative_strength": -22.531043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.479623, "energy": 24.896058, "activity_lines": [ 5.956, 5.745455, 5.885143, 6.067591 ] }, { "date": "2026-05-08", "close": 6.44, "volume": 384597, "typical_volume": 260956.45, "trend": 6.253667, "fair_value": 8.918171, "relative_strength": -16.704322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.428071, "energy": 18.707456, "activity_lines": [ 6.145333, 5.889455, 5.912238, 6.076237 ] }, { "date": "2026-05-15", "close": 5.4, "volume": 529098, "typical_volume": 281744.2, "trend": 6.180333, "fair_value": 8.873584, "relative_strength": -29.283518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.905682, "energy": 19.44972, "activity_lines": [ 5.917333, 5.836727, 5.842905, 6.021161 ] }, { "date": "2026-05-22", "close": 5.16, "volume": 693912, "typical_volume": 307788.55, "trend": 6.102333, "fair_value": 8.830988, "relative_strength": -32.360269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.062471, "energy": 32.762639, "activity_lines": [ 5.634, 5.739818, 5.758524, 5.955333 ] }, { "date": "2026-05-29", "close": 5.59, "volume": 414848, "typical_volume": 318483.7, "trend": 6.099333, "fair_value": 8.790644, "relative_strength": -26.894942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.16593, "energy": 29.314181, "activity_lines": [ 5.571333, 5.721818, 5.72519, 5.92228 ] }, { "date": "2026-06-05", "close": 5.46, "volume": 31073, "typical_volume": 303887.65, "trend": 6.104, "fair_value": 8.750663, "relative_strength": -27.771837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.782982, "energy": 45.61337, "activity_lines": [ 5.492, 5.672182, 5.686476, 5.881032 ] }, { "date": "2026-06-12", "close": 5.53, "volume": 96551, "typical_volume": 297415.1, "trend": 6.094333, "fair_value": 8.710124, "relative_strength": -28.488083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.461747, "energy": 48.026213, "activity_lines": [ 5.465333, 5.633818, 5.660905, 5.844 ] }, { "date": "2026-06-19", "close": 6.01, "volume": 187107, "typical_volume": 295520.6, "trend": 6.103, "fair_value": 8.674866, "relative_strength": -23.673985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.966908, "energy": 18.044381, "activity_lines": [ 5.659333, 5.68, 5.687095, 5.838559 ] }, { "date": "2026-06-26", "close": 5.66, "volume": 39899, "typical_volume": 283806.6, "trend": 6.077667, "fair_value": 8.63516, "relative_strength": -25.160922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.119212, "energy": 14.535737, "activity_lines": [ 5.696, 5.658182, 5.681048, 5.809978 ] }, { "date": "2026-07-03", "close": 5.5, "volume": 75664, "typical_volume": 272489.95, "trend": 6.034, "fair_value": 8.597263, "relative_strength": -28.566743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.627187, "energy": 15.755434, "activity_lines": [ 5.646, 5.619273, 5.662381, 5.77271 ] }, { "date": "2026-07-10", "close": 5.15, "volume": 444926, "typical_volume": 286339.55, "trend": 5.967, "fair_value": 8.55706, "relative_strength": -32.017856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.228572, "energy": 28.079757, "activity_lines": [ 5.485333, 5.525636, 5.613857, 5.715677 ] }, { "date": "2026-07-17", "close": 5.23, "volume": 240148, "typical_volume": 291027.7, "trend": 5.908333, "fair_value": 8.51529, "relative_strength": -29.143481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.382735, "energy": 47.153145, "activity_lines": [ 5.372, 5.460182, 5.57681, 5.668129 ] }, { "date": "2026-07-24", "close": 5.07, "volume": 139872, "typical_volume": 280130.7, "trend": 5.842667, "fair_value": 8.471676, "relative_strength": -30.325387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.217831, "energy": 60.349981, "activity_lines": [ 5.225333, 5.387636, 5.528286, 5.614043 ] }, { "date": "2026-07-31", "close": 5.09, "volume": 467398, "typical_volume": 290281.55, "trend": 5.769667, "fair_value": 8.429954, "relative_strength": -29.786726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.057308, "energy": 61.794777, "activity_lines": [ 5.148, 5.324727, 5.483095, 5.565484 ] }, { "date": "2026-08-07", "close": 5.15, "volume": 1161163, "typical_volume": 328743.15, "trend": 5.706, "fair_value": 8.391011, "relative_strength": -30.139352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.768946, "energy": 53.771294, "activity_lines": [ 5.128667, 5.274, 5.444143, 5.525505 ] } ], "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." } } }