{
  "ticker": {
    "uuid": "eeda559c-82c7-4715-9382-18b90b1c1c50",
    "symbol": "4115",
    "name": "Sunder Biomedical Tech. Co., Ltd.",
    "exchange": "TWO",
    "country": "TW",
    "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": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "down",
    "architecture_direction": -37.873,
    "architecture_energy": 18.007,
    "architecture_maturity": 28.137,
    "architecture_confidence": 71.974,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 47.45,
        "rotation_up": 19.72,
        "upward_expansion": 12.07,
        "deceleration": 55.3,
        "rotation_down": 39.08,
        "downward_expansion": 62.07
      },
      "activity_lines": [
        7.744667,
        7.737091,
        7.992143,
        8.035892
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 7.69,
    "trend_reference": 8.077,
    "distance_from_trend": -0.047914,
    "trend_direction": "Weakening",
    "fair_value": 10.776795,
    "distance_from_fair_value": -0.28643,
    "fair_value_direction": "Weakening",
    "relative_strength": -34.185694,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.066748,
    "excess_performance": -0.50812,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.047914,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.025458,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.28643,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.078159,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.341857,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.053808,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.066748,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.327255,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 33028,
      "relative_activity": 0.052869,
      "balance": 0.327255,
      "dry_up": 0.237795,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.135141,
      "annualized_volatility": 0.630093,
      "from_high_reference": -0.364463,
      "from_low_reference": 0.177642
    },
    "levels": {
      "trend_reference": 8.077,
      "fair_value_reference": 10.776795,
      "structural_low": 6.53,
      "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": 8,
        "median_return": -0.047425,
        "positive_rate": 0.125,
        "directional_follow_through": 0.125,
        "median_excess_return": -0.08585,
        "regime_survival": 0.75,
        "best_return": 0.048452,
        "worst_return": -0.111675,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.146152,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.30567,
        "regime_survival": 0.0,
        "best_return": -0.134409,
        "worst_return": -0.157895,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.085317,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.443853,
        "regime_survival": 1.0,
        "best_return": -0.07601,
        "worst_return": -0.094624,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.163441,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -1.008974,
        "regime_survival": 1.0,
        "best_return": -0.163441,
        "worst_return": -0.163441,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-15",
        "end": "2025-07-18",
        "tenure": "Extended",
        "return": -0.289474,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": -0.104301,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-26",
        "end": "2025-12-19",
        "tenure": "Established",
        "return": 0.037897,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-26",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": -0.078363,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-06",
        "end": "2026-04-10",
        "tenure": "Developing",
        "return": 0.065734,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-17",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-05-22",
        "tenure": "New",
        "return": -0.080874,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-29",
        "end": "2026-08-14",
        "tenure": "Developing",
        "return": 0.034993,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 16.450001,
        "volume": 116150,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-18",
        "close": 16.0,
        "volume": 48350,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-25",
        "close": 15.65,
        "volume": 25601,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-01",
        "close": 15.5,
        "volume": 30221,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 15.8,
        "volume": 14116,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 15.75,
        "volume": 39100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 15.65,
        "volume": 12005,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 15.55,
        "volume": 50827,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-06",
        "close": 15.1,
        "volume": 91689,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 15.2,
        "volume": 8600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 14.95,
        "volume": 46346,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 15.0,
        "volume": 37159,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 15.05,
        "volume": 30100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 14.5,
        "volume": 15314,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 14.6,
        "volume": 32100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 14.6,
        "volume": 103096,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 15.1,
        "volume": 75970,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 15.15,
        "volume": 68777,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 15.2,
        "volume": 25603,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 15.05,
        "volume": 52974,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 15.1,
        "volume": 45303,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 14.45,
        "volume": 15100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 15.05,
        "volume": 16678,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 15.05,
        "volume": 125,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 14.45,
        "volume": 47920,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 14.35,
        "volume": 35137,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 14.35,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 14.95,
        "volume": 208692,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 15.0,
        "volume": 42244,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 15.0,
        "volume": 151107,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 13.5,
        "volume": 193970,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 13.3,
        "volume": 141466,
        "typical_volume": 65083.8,
        "trend": 14.931667,
        "fair_value": 16.95472,
        "relative_strength": -28.60471,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.292447,
        "energy": 55.895671,
        "activity_lines": [
          14.03,
          14.306364,
          14.555714,
          14.699247
        ]
      },
      {
        "date": "2024-03-22",
        "close": 11.5,
        "volume": 429027,
        "typical_volume": 85030.15,
        "trend": 14.793333,
        "fair_value": 16.887378,
        "relative_strength": -39.135662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.833814,
        "energy": 83.986842,
        "activity_lines": [
          13.08,
          13.760909,
          14.251905,
          14.477849
        ]
      },
      {
        "date": "2024-03-29",
        "close": 11.8,
        "volume": 155538,
        "typical_volume": 92041.35,
        "trend": 14.67,
        "fair_value": 16.825337,
        "relative_strength": -36.946025,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.144627,
        "energy": 89.127441,
        "activity_lines": [
          12.46,
          13.334545,
          13.993571,
          14.284731
        ]
      },
      {
        "date": "2024-04-05",
        "close": 11.95,
        "volume": 165301,
        "typical_volume": 98701.4,
        "trend": 14.541667,
        "fair_value": 16.766598,
        "relative_strength": -35.475607,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.372129,
        "energy": 88.113621,
        "activity_lines": [
          12.103333,
          12.994545,
          13.762381,
          14.109247
        ]
      },
      {
        "date": "2024-04-12",
        "close": 12.35,
        "volume": 118959,
        "typical_volume": 99494.55,
        "trend": 14.428333,
        "fair_value": 16.714019,
        "relative_strength": -33.796854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.236369,
        "energy": 84.561895,
        "activity_lines": [
          12.083333,
          12.772727,
          13.581905,
          13.967849
        ]
      },
      {
        "date": "2024-04-19",
        "close": 12.5,
        "volume": 407145,
        "typical_volume": 116053.3,
        "trend": 14.323333,
        "fair_value": 16.664443,
        "relative_strength": -28.024848,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.652816,
        "energy": 61.487186,
        "activity_lines": [
          12.19,
          12.614545,
          13.426429,
          13.843441
        ]
      },
      {
        "date": "2024-04-26",
        "close": 13.25,
        "volume": 219510,
        "typical_volume": 123589.95,
        "trend": 14.246667,
        "fair_value": 16.62474,
        "relative_strength": -25.184748,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.283274,
        "energy": 41.840322,
        "activity_lines": [
          12.6,
          12.626364,
          13.354762,
          13.774194
        ]
      },
      {
        "date": "2024-05-03",
        "close": 13.35,
        "volume": 5128,
        "typical_volume": 122566.2,
        "trend": 14.188333,
        "fair_value": 16.587099,
        "relative_strength": -24.656789,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.083759,
        "energy": 26.180667,
        "activity_lines": [
          12.926667,
          12.687273,
          13.301667,
          13.716344
        ]
      },
      {
        "date": "2024-05-10",
        "close": 12.85,
        "volume": 45071,
        "typical_volume": 122171.05,
        "trend": 14.11,
        "fair_value": 16.544632,
        "relative_strength": -28.042975,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.744713,
        "energy": 21.735452,
        "activity_lines": [
          12.983333,
          12.687273,
          13.209762,
          13.63
        ]
      },
      {
        "date": "2024-05-17",
        "close": 12.2,
        "volume": 73972,
        "typical_volume": 123604.5,
        "trend": 14.018333,
        "fair_value": 16.495816,
        "relative_strength": -32.737775,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.452104,
        "energy": 26.431407,
        "activity_lines": [
          12.763333,
          12.608182,
          13.066429,
          13.506774
        ]
      },
      {
        "date": "2024-05-24",
        "close": 12.8,
        "volume": 149465,
        "typical_volume": 130322.75,
        "trend": 13.945,
        "fair_value": 16.454751,
        "relative_strength": -29.723564,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.878883,
        "energy": 25.159837,
        "activity_lines": [
          12.753333,
          12.661818,
          12.994048,
          13.428172
        ]
      },
      {
        "date": "2024-05-31",
        "close": 12.5,
        "volume": 32647,
        "typical_volume": 131121.2,
        "trend": 13.86,
        "fair_value": 16.411293,
        "relative_strength": -29.392278,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.452951,
        "energy": 34.863761,
        "activity_lines": [
          12.623333,
          12.67,
          12.900952,
          13.334946
        ]
      },
      {
        "date": "2024-06-07",
        "close": 12.15,
        "volume": 57068,
        "typical_volume": 133968.35,
        "trend": 13.781667,
        "fair_value": 16.364974,
        "relative_strength": -32.788664,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.501254,
        "energy": 46.901731,
        "activity_lines": [
          12.426667,
          12.596364,
          12.786667,
          13.224624
        ]
      },
      {
        "date": "2024-06-14",
        "close": 11.9,
        "volume": 39498,
        "typical_volume": 133547.25,
        "trend": 13.691667,
        "fair_value": 16.316964,
        "relative_strength": -35.379027,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.781608,
        "energy": 55.106877,
        "activity_lines": [
          12.226667,
          12.470909,
          12.662381,
          13.103226
        ]
      },
      {
        "date": "2024-06-21",
        "close": 12.3,
        "volume": 44205,
        "typical_volume": 134000.65,
        "trend": 13.615,
        "fair_value": 16.27423,
        "relative_strength": -34.638483,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.981321,
        "energy": 59.342229,
        "activity_lines": [
          12.223333,
          12.419091,
          12.588333,
          13.013441
        ]
      },
      {
        "date": "2024-06-28",
        "close": 11.95,
        "volume": 80009,
        "typical_volume": 138001.1,
        "trend": 13.51,
        "fair_value": 16.228712,
        "relative_strength": -35.120999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.378054,
        "energy": 62.501091,
        "activity_lines": [
          12.096667,
          12.304545,
          12.490714,
          12.906022
        ]
      },
      {
        "date": "2024-07-05",
        "close": 12.3,
        "volume": 53255,
        "typical_volume": 130229.25,
        "trend": 13.415,
        "fair_value": 16.187788,
        "relative_strength": -33.887073,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.342618,
        "energy": 43.454563,
        "activity_lines": [
          12.143333,
          12.263636,
          12.437857,
          12.827957
        ]
      },
      {
        "date": "2024-07-12",
        "close": 12.0,
        "volume": 116002,
        "typical_volume": 133917.15,
        "trend": 13.308333,
        "fair_value": 16.144615,
        "relative_strength": -35.689883,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.722873,
        "energy": 42.158273,
        "activity_lines": [
          12.103333,
          12.185455,
          12.369048,
          12.736667
        ]
      },
      {
        "date": "2024-07-19",
        "close": 12.55,
        "volume": 553482,
        "typical_volume": 154035.9,
        "trend": 13.225,
        "fair_value": 16.107935,
        "relative_strength": -28.883202,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.22233,
        "energy": 29.275433,
        "activity_lines": [
          12.256667,
          12.231818,
          12.366905,
          12.687742
        ]
      },
      {
        "date": "2024-07-26",
        "close": 12.45,
        "volume": 110102,
        "typical_volume": 149842.5,
        "trend": 13.136667,
        "fair_value": 16.070986,
        "relative_strength": -26.22114,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.48179,
        "energy": 20.535935,
        "activity_lines": [
          12.333333,
          12.265455,
          12.366905,
          12.637742
        ]
      },
      {
        "date": "2024-08-02",
        "close": 12.2,
        "volume": 109050,
        "typical_volume": 148221.7,
        "trend": 13.061667,
        "fair_value": 16.032276,
        "relative_strength": -25.284094,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.376874,
        "energy": 19.75176,
        "activity_lines": [
          12.316667,
          12.249091,
          12.348095,
          12.577312
        ]
      },
      {
        "date": "2024-08-09",
        "close": 12.0,
        "volume": 194754,
        "typical_volume": 136508.05,
        "trend": 12.96,
        "fair_value": 15.992353,
        "relative_strength": -25.105716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.608797,
        "energy": 20.576049,
        "activity_lines": [
          12.216667,
          12.207273,
          12.315476,
          12.508817
        ]
      },
      {
        "date": "2024-08-16",
        "close": 12.0,
        "volume": 109600,
        "typical_volume": 134211.15,
        "trend": 12.858333,
        "fair_value": 15.953212,
        "relative_strength": -27.231116,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.473105,
        "energy": 27.792826,
        "activity_lines": [
          12.136667,
          12.174545,
          12.280476,
          12.446882
        ]
      },
      {
        "date": "2024-08-23",
        "close": 11.9,
        "volume": 124004,
        "typical_volume": 132146.3,
        "trend": 12.773333,
        "fair_value": 15.91386,
        "relative_strength": -26.423571,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.093139,
        "energy": 32.143366,
        "activity_lines": [
          12.023333,
          12.126364,
          12.235,
          12.385054
        ]
      },
      {
        "date": "2024-08-30",
        "close": 11.95,
        "volume": 67496,
        "typical_volume": 129573.15,
        "trend": 12.693333,
        "fair_value": 15.875746,
        "relative_strength": -25.707225,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.593853,
        "energy": 34.11726,
        "activity_lines": [
          11.97,
          12.087273,
          12.194524,
          12.331935
        ]
      },
      {
        "date": "2024-09-06",
        "close": 11.7,
        "volume": 230700,
        "typical_volume": 120750.9,
        "trend": 12.605,
        "fair_value": 15.835977,
        "relative_strength": -23.606604,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.583133,
        "energy": 41.911902,
        "activity_lines": [
          11.866667,
          12.009091,
          12.132143,
          12.267849
        ]
      },
      {
        "date": "2024-09-13",
        "close": 11.25,
        "volume": 72052,
        "typical_volume": 113378.0,
        "trend": 12.481667,
        "fair_value": 15.792713,
        "relative_strength": -26.825155,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.847033,
        "energy": 54.11574,
        "activity_lines": [
          11.646667,
          11.853636,
          12.030714,
          12.18043
        ]
      },
      {
        "date": "2024-09-20",
        "close": 11.4,
        "volume": 14000,
        "typical_volume": 113821.6,
        "trend": 12.361667,
        "fair_value": 15.75166,
        "relative_strength": -26.298433,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.525796,
        "energy": 55.162364,
        "activity_lines": [
          11.526667,
          11.744545,
          11.953095,
          12.110645
        ]
      },
      {
        "date": "2024-09-27",
        "close": 11.1,
        "volume": 99900,
        "typical_volume": 116563.05,
        "trend": 12.231667,
        "fair_value": 15.708589,
        "relative_strength": -29.420582,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.369394,
        "energy": 65.314795,
        "activity_lines": [
          11.346667,
          11.591818,
          11.85619,
          12.029247
        ]
      },
      {
        "date": "2024-10-04",
        "close": 10.8,
        "volume": 150311,
        "typical_volume": 120380.0,
        "trend": 12.141667,
        "fair_value": 15.663556,
        "relative_strength": -28.873705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.125448,
        "energy": 71.2354,
        "activity_lines": [
          11.12,
          11.410909,
          11.739048,
          11.936882
        ]
      },
      {
        "date": "2024-10-11",
        "close": 10.45,
        "volume": 55701,
        "typical_volume": 115691.8,
        "trend": 12.046667,
        "fair_value": 15.61616,
        "relative_strength": -32.116852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.482386,
        "energy": 75.209716,
        "activity_lines": [
          10.853333,
          11.196364,
          11.595238,
          11.827742
        ]
      },
      {
        "date": "2024-10-18",
        "close": 11.45,
        "volume": 154450,
        "typical_volume": 121781.95,
        "trend": 12.045,
        "fair_value": 15.578627,
        "relative_strength": -26.589478,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.982033,
        "energy": 61.672355,
        "activity_lines": [
          11.003333,
          11.195455,
          11.557857,
          11.789247
        ]
      },
      {
        "date": "2024-10-25",
        "close": 11.0,
        "volume": 109151,
        "typical_volume": 124386.1,
        "trend": 12.018333,
        "fair_value": 15.537747,
        "relative_strength": -28.100522,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.262978,
        "energy": 48.246677,
        "activity_lines": [
          10.99,
          11.122727,
          11.482619,
          11.721828
        ]
      },
      {
        "date": "2024-11-01",
        "close": 11.25,
        "volume": 7516,
        "typical_volume": 122787.0,
        "trend": 11.995,
        "fair_value": 15.499802,
        "relative_strength": -23.69603,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.058877,
        "energy": 37.524757,
        "activity_lines": [
          11.086667,
          11.113636,
          11.436667,
          11.672258
        ]
      },
      {
        "date": "2024-11-08",
        "close": 10.6,
        "volume": 147402,
        "typical_volume": 127946.85,
        "trend": 11.936667,
        "fair_value": 15.456821,
        "relative_strength": -29.589794,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.551395,
        "energy": 38.920536,
        "activity_lines": [
          10.956667,
          10.998182,
          11.331905,
          11.582258
        ]
      },
      {
        "date": "2024-11-15",
        "close": 10.2,
        "volume": 89173,
        "typical_volume": 128405.05,
        "trend": 11.86,
        "fair_value": 15.41111,
        "relative_strength": -28.975792,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.271569,
        "energy": 55.69817,
        "activity_lines": [
          10.706667,
          10.834545,
          11.197143,
          11.470215
        ]
      },
      {
        "date": "2024-11-22",
        "close": 10.2,
        "volume": 54700,
        "typical_volume": 128477.3,
        "trend": 11.758333,
        "fair_value": 15.366186,
        "relative_strength": -28.608792,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.57327,
        "energy": 70.642439,
        "activity_lines": [
          10.473333,
          10.698182,
          11.070714,
          11.363118
        ]
      },
      {
        "date": "2024-11-29",
        "close": 10.3,
        "volume": 35722,
        "typical_volume": 124463.3,
        "trend": 11.656667,
        "fair_value": 15.322886,
        "relative_strength": -24.89686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.6944,
        "energy": 74.280121,
        "activity_lines": [
          10.356667,
          10.599091,
          10.96381,
          11.269032
        ]
      },
      {
        "date": "2024-12-06",
        "close": 11.65,
        "volume": 265880,
        "typical_volume": 110083.2,
        "trend": 11.616667,
        "fair_value": 15.29176,
        "relative_strength": -17.511562,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.401565,
        "energy": 31.943237,
        "activity_lines": [
          10.736667,
          10.765455,
          10.993571,
          11.268602
        ]
      },
      {
        "date": "2024-12-13",
        "close": 10.85,
        "volume": 239339,
        "typical_volume": 116545.05,
        "trend": 11.571667,
        "fair_value": 15.254434,
        "relative_strength": -21.637412,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.52619,
        "energy": 23.47205,
        "activity_lines": [
          10.823333,
          10.776364,
          10.951429,
          11.21914
        ]
      },
      {
        "date": "2024-12-20",
        "close": 10.0,
        "volume": 135582,
        "typical_volume": 117871.65,
        "trend": 11.478333,
        "fair_value": 15.210647,
        "relative_strength": -25.155734,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.237721,
        "energy": 32.127608,
        "activity_lines": [
          10.61,
          10.631818,
          10.835952,
          11.117742
        ]
      },
      {
        "date": "2024-12-27",
        "close": 10.4,
        "volume": 49389,
        "typical_volume": 110603.4,
        "trend": 11.408333,
        "fair_value": 15.170889,
        "relative_strength": -23.745048,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.275716,
        "energy": 26.007412,
        "activity_lines": [
          10.543333,
          10.568182,
          10.769048,
          11.048172
        ]
      },
      {
        "date": "2025-01-03",
        "close": 10.3,
        "volume": 33133,
        "typical_volume": 106780.05,
        "trend": 11.346667,
        "fair_value": 15.130964,
        "relative_strength": -22.310485,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.997692,
        "energy": 35.509861,
        "activity_lines": [
          10.43,
          10.505455,
          10.700238,
          10.976667
        ]
      },
      {
        "date": "2025-01-10",
        "close": 10.05,
        "volume": 254410,
        "typical_volume": 113300.35,
        "trend": 11.285,
        "fair_value": 15.089655,
        "relative_strength": -23.46241,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.095832,
        "energy": 50.040096,
        "activity_lines": [
          10.233333,
          10.41,
          10.615714,
          10.893011
        ]
      },
      {
        "date": "2025-01-17",
        "close": 9.9,
        "volume": 82000,
        "typical_volume": 114025.55,
        "trend": 11.205,
        "fair_value": 15.047803,
        "relative_strength": -23.963209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.59639,
        "energy": 53.540066,
        "activity_lines": [
          10.093333,
          10.309091,
          10.525714,
          10.803656
        ]
      },
      {
        "date": "2025-01-24",
        "close": 10.15,
        "volume": 32910,
        "typical_volume": 104136.05,
        "trend": 11.145,
        "fair_value": 15.008621,
        "relative_strength": -22.30649,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.403353,
        "energy": 49.914753,
        "activity_lines": [
          10.1,
          10.266364,
          10.469286,
          10.735591
        ]
      },
      {
        "date": "2025-02-07",
        "close": 9.81,
        "volume": 149310,
        "typical_volume": 107998.95,
        "trend": 11.062,
        "fair_value": 14.967362,
        "relative_strength": -23.763633,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.388455,
        "energy": 51.612743,
        "activity_lines": [
          9.983333,
          10.162727,
          10.387857,
          10.649462
        ]
      },
      {
        "date": "2025-02-14",
        "close": 10.0,
        "volume": 385130,
        "typical_volume": 126555.45,
        "trend": 10.995333,
        "fair_value": 14.928249,
        "relative_strength": -20.182768,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.146848,
        "energy": 42.418017,
        "activity_lines": [
          9.969333,
          10.100727,
          10.331381,
          10.580946
        ]
      },
      {
        "date": "2025-02-21",
        "close": 9.98,
        "volume": 94216,
        "typical_volume": 126271.25,
        "trend": 10.909667,
        "fair_value": 14.889591,
        "relative_strength": -21.209307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.639923,
        "energy": 35.760209,
        "activity_lines": [
          9.968667,
          10.040545,
          10.279667,
          10.515441
        ]
      },
      {
        "date": "2025-02-28",
        "close": 9.99,
        "volume": 86446,
        "typical_volume": 123078.0,
        "trend": 10.827667,
        "fair_value": 14.851609,
        "relative_strength": -17.744849,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.671587,
        "energy": 34.200183,
        "activity_lines": [
          9.976,
          10.012545,
          10.234238,
          10.456108
        ]
      },
      {
        "date": "2025-03-07",
        "close": 10.05,
        "volume": 133726,
        "typical_volume": 126979.25,
        "trend": 10.756,
        "fair_value": 14.814674,
        "relative_strength": -14.418085,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.74009,
        "energy": 28.542224,
        "activity_lines": [
          9.997333,
          10.011091,
          10.198381,
          10.405935
        ]
      },
      {
        "date": "2025-03-14",
        "close": 10.0,
        "volume": 30332,
        "typical_volume": 120773.35,
        "trend": 10.689333,
        "fair_value": 14.777921,
        "relative_strength": -11.745914,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.640425,
        "energy": 26.92064,
        "activity_lines": [
          10.008667,
          9.999636,
          10.159667,
          10.357161
        ]
      },
      {
        "date": "2025-03-21",
        "close": 9.85,
        "volume": 45101,
        "typical_volume": 117570.85,
        "trend": 10.617667,
        "fair_value": 14.740588,
        "relative_strength": -13.262263,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.751622,
        "energy": 34.354412,
        "activity_lines": [
          9.957333,
          9.968182,
          10.113571,
          10.303011
        ]
      },
      {
        "date": "2025-03-28",
        "close": 9.95,
        "volume": 80106,
        "typical_volume": 121200.35,
        "trend": 10.552667,
        "fair_value": 14.704569,
        "relative_strength": -9.555879,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.320533,
        "energy": 33.227669,
        "activity_lines": [
          9.949333,
          9.963091,
          10.082476,
          10.259935
        ]
      },
      {
        "date": "2025-04-04",
        "close": 10.25,
        "volume": 16115,
        "typical_volume": 114636.0,
        "trend": 10.496,
        "fair_value": 14.671326,
        "relative_strength": -5.137242,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.46924,
        "energy": 21.709393,
        "activity_lines": [
          10.043333,
          10.014364,
          10.086143,
          10.240409
        ]
      },
      {
        "date": "2025-04-11",
        "close": 8.8,
        "volume": 242600,
        "typical_volume": 122307.35,
        "trend": 10.399333,
        "fair_value": 14.627834,
        "relative_strength": -10.713942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.05688,
        "energy": 61.746554,
        "activity_lines": [
          9.636667,
          9.795636,
          9.953381,
          10.130989
        ]
      },
      {
        "date": "2025-04-18",
        "close": 9.0,
        "volume": 92501,
        "typical_volume": 124197.4,
        "trend": 10.324333,
        "fair_value": 14.586453,
        "relative_strength": -7.591907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.120304,
        "energy": 72.22236,
        "activity_lines": [
          9.38,
          9.637818,
          9.846333,
          10.04071
        ]
      },
      {
        "date": "2025-04-25",
        "close": 9.0,
        "volume": 47000,
        "typical_volume": 124761.3,
        "trend": 10.244333,
        "fair_value": 14.545676,
        "relative_strength": -9.161807,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.657412,
        "energy": 78.999418,
        "activity_lines": [
          9.19,
          9.494727,
          9.745,
          9.955269
        ]
      },
      {
        "date": "2025-05-02",
        "close": 9.0,
        "volume": 71269,
        "typical_volume": 115030.75,
        "trend": 10.174333,
        "fair_value": 14.50549,
        "relative_strength": -12.39754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.730417,
        "energy": 78.871002,
        "activity_lines": [
          9.056667,
          9.369818,
          9.649857,
          9.874989
        ]
      },
      {
        "date": "2025-05-09",
        "close": 9.0,
        "volume": 52800,
        "typical_volume": 105703.8,
        "trend": 10.114333,
        "fair_value": 14.465882,
        "relative_strength": -12.157494,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.246174,
        "energy": 73.527723,
        "activity_lines": [
          8.986667,
          9.262727,
          9.567333,
          9.799226
        ]
      },
      {
        "date": "2025-05-16",
        "close": 8.95,
        "volume": 68000,
        "typical_volume": 102324.7,
        "trend": 10.064333,
        "fair_value": 14.426483,
        "relative_strength": -15.661384,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.194618,
        "energy": 58.662649,
        "activity_lines": [
          8.983333,
          9.164545,
          9.488857,
          9.724108
        ]
      },
      {
        "date": "2025-05-23",
        "close": 9.0,
        "volume": 31100,
        "typical_volume": 101410.25,
        "trend": 9.982667,
        "fair_value": 14.387997,
        "relative_strength": -13.901061,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.652683,
        "energy": 48.211525,
        "activity_lines": [
          8.986667,
          9.095455,
          9.420143,
          9.655441
        ]
      },
      {
        "date": "2025-05-30",
        "close": 8.96,
        "volume": 16571,
        "typical_volume": 100582.15,
        "trend": 9.914667,
        "fair_value": 14.349772,
        "relative_strength": -12.453122,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.677109,
        "energy": 44.002764,
        "activity_lines": [
          8.976667,
          9.037273,
          9.354286,
          9.589462
        ]
      },
      {
        "date": "2025-06-06",
        "close": 9.1,
        "volume": 33999,
        "typical_volume": 89561.6,
        "trend": 9.843,
        "fair_value": 14.31306,
        "relative_strength": -11.76907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.190932,
        "energy": 37.644887,
        "activity_lines": [
          9.016,
          9.020727,
          9.308143,
          9.536903
        ]
      },
      {
        "date": "2025-06-13",
        "close": 8.95,
        "volume": 61527,
        "typical_volume": 88537.95,
        "trend": 9.788,
        "fair_value": 14.275817,
        "relative_strength": -14.323938,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.746546,
        "energy": 32.619487,
        "activity_lines": [
          8.998667,
          8.992364,
          9.252238,
          9.47929
        ]
      },
      {
        "date": "2025-06-20",
        "close": 8.66,
        "volume": 27302,
        "typical_volume": 88257.55,
        "trend": 9.736667,
        "fair_value": 14.237087,
        "relative_strength": -16.536618,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.246346,
        "energy": 40.585245,
        "activity_lines": [
          8.888,
          8.934909,
          9.173238,
          9.406516
        ]
      },
      {
        "date": "2025-06-27",
        "close": 8.98,
        "volume": 32121,
        "typical_volume": 82398.1,
        "trend": 9.696,
        "fair_value": 14.20108,
        "relative_strength": -15.044962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.965857,
        "energy": 34.111676,
        "activity_lines": [
          8.903333,
          8.938182,
          9.13181,
          9.357699
        ]
      },
      {
        "date": "2025-07-04",
        "close": 9.12,
        "volume": 64001,
        "typical_volume": 66341.65,
        "trend": 9.656667,
        "fair_value": 14.166514,
        "relative_strength": -13.187993,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.750294,
        "energy": 30.509017,
        "activity_lines": [
          8.966667,
          8.967273,
          9.107667,
          9.320538
        ]
      },
      {
        "date": "2025-07-11",
        "close": 9.05,
        "volume": 76324,
        "typical_volume": 65447.05,
        "trend": 9.57,
        "fair_value": 14.131943,
        "relative_strength": -14.184477,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.327502,
        "energy": 27.121089,
        "activity_lines": [
          8.996,
          8.981455,
          9.081048,
          9.281398
        ]
      },
      {
        "date": "2025-07-18",
        "close": 9.45,
        "volume": 175835,
        "typical_volume": 69916.5,
        "trend": 9.523333,
        "fair_value": 14.100521,
        "relative_strength": -12.459393,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -20.613214,
        "energy": 14.303959,
        "activity_lines": [
          9.162,
          9.067455,
          9.096952,
          9.273656
        ]
      },
      {
        "date": "2025-07-25",
        "close": 9.3,
        "volume": 44933,
        "typical_volume": 65476.85,
        "trend": 9.5,
        "fair_value": 14.068517,
        "relative_strength": -13.235011,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.592611,
        "energy": 13.141912,
        "activity_lines": [
          9.244667,
          9.118,
          9.101143,
          9.259247
        ]
      },
      {
        "date": "2025-08-01",
        "close": 9.31,
        "volume": 4543,
        "typical_volume": 64187.4,
        "trend": 9.463667,
        "fair_value": 14.037004,
        "relative_strength": -12.795886,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.187892,
        "energy": 13.666854,
        "activity_lines": [
          9.288,
          9.164,
          9.109857,
          9.246989
        ]
      },
      {
        "date": "2025-08-08",
        "close": 9.2,
        "volume": 9342,
        "typical_volume": 62399.45,
        "trend": 9.427,
        "fair_value": 14.005182,
        "relative_strength": -15.284956,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.847272,
        "energy": 13.85116,
        "activity_lines": [
          9.272667,
          9.184364,
          9.111381,
          9.229978
        ]
      },
      {
        "date": "2025-08-15",
        "close": 9.0,
        "volume": 6141,
        "typical_volume": 58701.2,
        "trend": 9.392,
        "fair_value": 13.972468,
        "relative_strength": -17.529925,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.315626,
        "energy": 9.808612,
        "activity_lines": [
          9.185333,
          9.164,
          9.096952,
          9.20243
        ]
      },
      {
        "date": "2025-08-22",
        "close": 9.17,
        "volume": 185941,
        "typical_volume": 67192.5,
        "trend": 9.367667,
        "fair_value": 13.941283,
        "relative_strength": -13.395689,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.253539,
        "energy": 11.839295,
        "activity_lines": [
          9.158,
          9.176364,
          9.103238,
          9.188108
        ]
      },
      {
        "date": "2025-08-29",
        "close": 9.2,
        "volume": 127608,
        "typical_volume": 61442.9,
        "trend": 9.336,
        "fair_value": 13.910694,
        "relative_strength": -14.209784,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.016491,
        "energy": 12.77688,
        "activity_lines": [
          9.159333,
          9.190182,
          9.117524,
          9.17729
        ]
      },
      {
        "date": "2025-09-05",
        "close": 9.2,
        "volume": 40155,
        "typical_volume": 58825.6,
        "trend": 9.315667,
        "fair_value": 13.880498,
        "relative_strength": -14.527405,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -23.86355,
        "energy": 11.985242,
        "activity_lines": [
          9.167333,
          9.194182,
          9.129905,
          9.168516
        ]
      },
      {
        "date": "2025-09-12",
        "close": 8.73,
        "volume": 160999,
        "typical_volume": 64525.55,
        "trend": 9.273333,
        "fair_value": 13.762578,
        "relative_strength": -21.31475,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.55677,
        "energy": 22.689975,
        "activity_lines": [
          9.026,
          9.108727,
          9.096571,
          9.130731
        ]
      },
      {
        "date": "2025-09-19",
        "close": 8.33,
        "volume": 190540,
        "typical_volume": 70489.1,
        "trend": 9.218333,
        "fair_value": 13.664774,
        "relative_strength": -24.587345,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -69.135909,
        "energy": 55.991876,
        "activity_lines": [
          8.782667,
          8.957636,
          9.026429,
          9.069871
        ]
      },
      {
        "date": "2025-09-26",
        "close": 8.18,
        "volume": 140380,
        "typical_volume": 74868.1,
        "trend": 9.158,
        "fair_value": 13.575774,
        "relative_strength": -25.303399,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.627727,
        "energy": 71.607653,
        "activity_lines": [
          8.534,
          8.792364,
          8.94519,
          9.002882
        ]
      },
      {
        "date": "2025-10-03",
        "close": 8.1,
        "volume": 105249,
        "typical_volume": 76730.55,
        "trend": 9.093,
        "fair_value": 13.501696,
        "relative_strength": -28.709208,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.310607,
        "energy": 78.698872,
        "activity_lines": [
          8.324667,
          8.635636,
          8.860238,
          8.934624
        ]
      },
      {
        "date": "2025-10-10",
        "close": 8.1,
        "volume": 38810,
        "typical_volume": 77116.05,
        "trend": 9.029667,
        "fair_value": 13.435178,
        "relative_strength": -29.52275,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.400677,
        "energy": 80.249007,
        "activity_lines": [
          8.188667,
          8.500727,
          8.779333,
          8.870559
        ]
      },
      {
        "date": "2025-10-17",
        "close": 7.85,
        "volume": 175251,
        "typical_volume": 85050.05,
        "trend": 8.963,
        "fair_value": 13.369262,
        "relative_strength": -31.168386,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.161535,
        "energy": 88.602582,
        "activity_lines": [
          8.042667,
          8.342364,
          8.678905,
          8.794452
        ]
      },
      {
        "date": "2025-10-24",
        "close": 8.05,
        "volume": 172233,
        "typical_volume": 91961.75,
        "trend": 8.899667,
        "fair_value": 13.313764,
        "relative_strength": -29.369646,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.55617,
        "energy": 81.43067,
        "activity_lines": [
          8.022,
          8.244909,
          8.60281,
          8.735548
        ]
      },
      {
        "date": "2025-10-31",
        "close": 8.45,
        "volume": 113617,
        "typical_volume": 94566.25,
        "trend": 8.839667,
        "fair_value": 13.254215,
        "relative_strength": -27.119336,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.515456,
        "energy": 49.614813,
        "activity_lines": [
          8.153333,
          8.237455,
          8.56981,
          8.706538
        ]
      },
      {
        "date": "2025-11-07",
        "close": 8.3,
        "volume": 34371,
        "typical_volume": 94919.7,
        "trend": 8.823,
        "fair_value": 13.193704,
        "relative_strength": -26.23745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.230143,
        "energy": 38.246887,
        "activity_lines": [
          8.216667,
          8.215818,
          8.524905,
          8.67172
        ]
      },
      {
        "date": "2025-11-14",
        "close": 8.2,
        "volume": 127857,
        "typical_volume": 99706.5,
        "trend": 8.796333,
        "fair_value": 13.131292,
        "relative_strength": -25.923111,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.80704,
        "energy": 29.064538,
        "activity_lines": [
          8.233333,
          8.192364,
          8.47219,
          8.631527
        ]
      },
      {
        "date": "2025-11-21",
        "close": 8.27,
        "volume": 133768,
        "typical_volume": 103194.85,
        "trend": 8.772,
        "fair_value": 13.070589,
        "relative_strength": -22.067227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.275417,
        "energy": 22.66461,
        "activity_lines": [
          8.266667,
          8.199818,
          8.429857,
          8.59757
        ]
      },
      {
        "date": "2025-11-28",
        "close": 8.26,
        "volume": 44317,
        "typical_volume": 101594.5,
        "trend": 8.747333,
        "fair_value": 13.016122,
        "relative_strength": -24.992819,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.572401,
        "energy": 22.799738,
        "activity_lines": [
          8.268667,
          8.213818,
          8.390619,
          8.564538
        ]
      },
      {
        "date": "2025-12-05",
        "close": 8.21,
        "volume": 54640,
        "typical_volume": 95534.75,
        "trend": 8.721,
        "fair_value": 12.963224,
        "relative_strength": -25.785182,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.425518,
        "energy": 23.947862,
        "activity_lines": [
          8.24,
          8.22,
          8.350381,
          8.529871
        ]
      },
      {
        "date": "2025-12-12",
        "close": 8.62,
        "volume": 103239,
        "typical_volume": 98450.05,
        "trend": 8.71,
        "fair_value": 12.912955,
        "relative_strength": -21.932391,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.94398,
        "energy": 13.572673,
        "activity_lines": [
          8.364,
          8.300182,
          8.355095,
          8.523355
        ]
      },
      {
        "date": "2025-12-19",
        "close": 8.49,
        "volume": 55569,
        "typical_volume": 101001.35,
        "trend": 8.693,
        "fair_value": 12.858072,
        "relative_strength": -21.078337,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.687125,
        "energy": 15.174452,
        "activity_lines": [
          8.423333,
          8.347273,
          8.350667,
          8.509161
        ]
      },
      {
        "date": "2025-12-26",
        "close": 8.55,
        "volume": 32674,
        "typical_volume": 102167.95,
        "trend": 8.679333,
        "fair_value": 12.800109,
        "relative_strength": -22.356523,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.058784,
        "energy": 11.686869,
        "activity_lines": [
          8.483333,
          8.398182,
          8.355857,
          8.499935
        ]
      },
      {
        "date": "2026-01-02",
        "close": 8.4,
        "volume": 16561,
        "typical_volume": 102688.95,
        "trend": 8.656,
        "fair_value": 12.744334,
        "relative_strength": -25.182511,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.739958,
        "energy": 13.043032,
        "activity_lines": [
          8.474667,
          8.409091,
          8.349857,
          8.481914
        ]
      },
      {
        "date": "2026-01-09",
        "close": 8.4,
        "volume": 30835,
        "typical_volume": 94933.65,
        "trend": 8.637667,
        "fair_value": 12.686039,
        "relative_strength": -26.868915,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.445039,
        "energy": 9.579647,
        "activity_lines": [
          8.456667,
          8.413636,
          8.346714,
          8.465398
        ]
      },
      {
        "date": "2026-01-16",
        "close": 8.4,
        "volume": 10249,
        "typical_volume": 89065.7,
        "trend": 8.629,
        "fair_value": 12.62302,
        "relative_strength": -28.865399,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.276579,
        "energy": 7.213523,
        "activity_lines": [
          8.426,
          8.419091,
          8.347238,
          8.450065
        ]
      },
      {
        "date": "2026-01-23",
        "close": 8.42,
        "volume": 67000,
        "typical_volume": 90407.95,
        "trend": 8.610333,
        "fair_value": 12.560128,
        "relative_strength": -29.335671,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.450078,
        "energy": 12.196224,
        "activity_lines": [
          8.416667,
          8.426364,
          8.353476,
          8.436581
        ]
      },
      {
        "date": "2026-01-30",
        "close": 8.4,
        "volume": 227779,
        "typical_volume": 93746.95,
        "trend": 8.586333,
        "fair_value": 12.497108,
        "relative_strength": -29.108583,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.539542,
        "energy": 11.691697,
        "activity_lines": [
          8.405333,
          8.426,
          8.361524,
          8.423011
        ]
      },
      {
        "date": "2026-02-06",
        "close": 8.24,
        "volume": 91538,
        "typical_volume": 88796.85,
        "trend": 8.559333,
        "fair_value": 12.433378,
        "relative_strength": -29.260699,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.168884,
        "energy": 15.923733,
        "activity_lines": [
          8.350667,
          8.394182,
          8.355905,
          8.400667
        ]
      },
      {
        "date": "2026-02-13",
        "close": 7.85,
        "volume": 96816,
        "typical_volume": 86618.65,
        "trend": 8.506,
        "fair_value": 12.367777,
        "relative_strength": -35.593892,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -59.881176,
        "energy": 36.37904,
        "activity_lines": [
          8.176667,
          8.291818,
          8.313571,
          8.354903
        ]
      },
      {
        "date": "2026-02-27",
        "close": 7.88,
        "volume": 189320,
        "typical_volume": 90822.2,
        "trend": 8.458667,
        "fair_value": 12.290714,
        "relative_strength": -37.998734,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -58.500806,
        "energy": 48.035076,
        "activity_lines": [
          8.049333,
          8.201455,
          8.275667,
          8.314516
        ]
      },
      {
        "date": "2026-03-06",
        "close": 7.15,
        "volume": 377295,
        "typical_volume": 107746.45,
        "trend": 8.386667,
        "fair_value": 12.216531,
        "relative_strength": -39.994486,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.556423,
        "energy": 70.885044,
        "activity_lines": [
          7.713333,
          7.991818,
          8.169286,
          8.230086
        ]
      },
      {
        "date": "2026-03-13",
        "close": 7.1,
        "volume": 310569,
        "typical_volume": 114512.35,
        "trend": 8.316667,
        "fair_value": 12.136043,
        "relative_strength": -39.293029,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.300835,
        "energy": 76.423289,
        "activity_lines": [
          7.445333,
          7.797455,
          8.062667,
          8.147075
        ]
      },
      {
        "date": "2026-03-20",
        "close": 7.14,
        "volume": 58855,
        "typical_volume": 108843.45,
        "trend": 8.254667,
        "fair_value": 12.057386,
        "relative_strength": -38.392303,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.554108,
        "energy": 77.37579,
        "activity_lines": [
          7.277333,
          7.636727,
          7.963429,
          8.071161
        ]
      },
      {
        "date": "2026-03-27",
        "close": 7.0,
        "volume": 146450,
        "typical_volume": 110485.1,
        "trend": 8.182333,
        "fair_value": 11.977517,
        "relative_strength": -38.012754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.375646,
        "energy": 79.357388,
        "activity_lines": [
          7.136,
          7.473455,
          7.85519,
          7.990215
        ]
      },
      {
        "date": "2026-04-03",
        "close": 7.2,
        "volume": 43881,
        "typical_volume": 110960.6,
        "trend": 8.115667,
        "fair_value": 11.899875,
        "relative_strength": -34.296881,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.229616,
        "energy": 70.305939,
        "activity_lines": [
          7.118,
          7.372,
          7.772905,
          7.926839
        ]
      },
      {
        "date": "2026-04-10",
        "close": 7.62,
        "volume": 527785,
        "typical_volume": 130957.0,
        "trend": 8.063,
        "fair_value": 11.8265,
        "relative_strength": -35.062782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.308432,
        "energy": 41.999564,
        "activity_lines": [
          7.285333,
          7.368727,
          7.735857,
          7.89486
        ]
      },
      {
        "date": "2026-04-17",
        "close": 10.45,
        "volume": 2086176,
        "typical_volume": 228577.4,
        "trend": 8.120333,
        "fair_value": 11.773156,
        "relative_strength": -13.463338,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.852511,
        "energy": 22.869727,
        "activity_lines": [
          8.364667,
          7.894545,
          7.971095,
          8.04886
        ]
      },
      {
        "date": "2026-04-24",
        "close": 9.23,
        "volume": 2252656,
        "typical_volume": 338994.35,
        "trend": 8.150333,
        "fair_value": 11.712937,
        "relative_strength": -26.769955,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.387113,
        "energy": 29.506358,
        "activity_lines": [
          8.814,
          8.161273,
          8.079762,
          8.120452
        ]
      },
      {
        "date": "2026-05-01",
        "close": 9.34,
        "volume": 26629,
        "typical_volume": 337593.8,
        "trend": 8.189,
        "fair_value": 11.655628,
        "relative_strength": -24.936759,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 51.473699,
        "energy": 45.274828,
        "activity_lines": [
          9.160667,
          8.43,
          8.194286,
          8.197204
        ]
      },
      {
        "date": "2026-05-08",
        "close": 10.45,
        "volume": 1635185,
        "typical_volume": 414191.1,
        "trend": 8.267333,
        "fair_value": 11.609214,
        "relative_strength": -20.55171,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 74.901167,
        "energy": 61.72767,
        "activity_lines": [
          9.721333,
          8.873455,
          8.409143,
          8.343075
        ]
      },
      {
        "date": "2026-05-15",
        "close": 9.15,
        "volume": 975307,
        "typical_volume": 460178.0,
        "trend": 8.302333,
        "fair_value": 11.556987,
        "relative_strength": -28.804933,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.517864,
        "energy": 58.381049,
        "activity_lines": [
          9.632,
          9.033818,
          8.491476,
          8.400022
        ]
      },
      {
        "date": "2026-05-22",
        "close": 8.41,
        "volume": 766109,
        "typical_volume": 496849.75,
        "trend": 8.321,
        "fair_value": 11.501592,
        "relative_strength": -35.42043,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.425156,
        "energy": 33.270111,
        "activity_lines": [
          9.194,
          9.023273,
          8.50019,
          8.406968
        ]
      },
      {
        "date": "2026-05-29",
        "close": 7.43,
        "volume": 1995809,
        "typical_volume": 595812.15,
        "trend": 8.300333,
        "fair_value": 11.440544,
        "relative_strength": -45.236621,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.191546,
        "energy": 10.455511,
        "activity_lines": [
          8.565333,
          8.810727,
          8.416238,
          8.349484
        ]
      },
      {
        "date": "2026-06-05",
        "close": 8.08,
        "volume": 495960,
        "typical_volume": 619068.4,
        "trend": 8.288,
        "fair_value": 11.382088,
        "relative_strength": -39.977258,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 3.806054,
        "energy": 11.407315,
        "activity_lines": [
          8.273333,
          8.711091,
          8.39881,
          8.335269
        ]
      },
      {
        "date": "2026-06-12",
        "close": 7.73,
        "volume": 151818,
        "typical_volume": 626146.85,
        "trend": 8.269,
        "fair_value": 11.321073,
        "relative_strength": -40.465158,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.273982,
        "energy": 15.346112,
        "activity_lines": [
          7.948667,
          8.528182,
          8.349571,
          8.299269
        ]
      },
      {
        "date": "2026-06-19",
        "close": 7.7,
        "volume": 129098,
        "typical_volume": 629251.75,
        "trend": 8.252333,
        "fair_value": 11.259236,
        "relative_strength": -42.72852,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.527072,
        "energy": 15.846364,
        "activity_lines": [
          7.795333,
          8.330182,
          8.300667,
          8.262559
        ]
      },
      {
        "date": "2026-06-26",
        "close": 7.79,
        "volume": 221337,
        "typical_volume": 628929.65,
        "trend": 8.236333,
        "fair_value": 11.200181,
        "relative_strength": -38.709544,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -21.009993,
        "energy": 17.465227,
        "activity_lines": [
          7.768667,
          8.147091,
          8.263762,
          8.232731
        ]
      },
      {
        "date": "2026-07-03",
        "close": 7.88,
        "volume": 63294,
        "typical_volume": 627517.45,
        "trend": 8.223667,
        "fair_value": 11.140758,
        "relative_strength": -40.001245,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.513118,
        "energy": 15.640052,
        "activity_lines": [
          7.813333,
          8.028727,
          8.238333,
          8.209742
        ]
      },
      {
        "date": "2026-07-10",
        "close": 7.83,
        "volume": 388113,
        "typical_volume": 642082.3,
        "trend": 8.211,
        "fair_value": 11.0807,
        "relative_strength": -37.515177,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -36.469394,
        "energy": 19.141785,
        "activity_lines": [
          7.811333,
          7.925818,
          8.209857,
          8.184344
        ]
      },
      {
        "date": "2026-07-17",
        "close": 7.5,
        "volume": 140919,
        "typical_volume": 639662.25,
        "trend": 8.173667,
        "fair_value": 11.017896,
        "relative_strength": -35.386439,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.708323,
        "energy": 21.999228,
        "activity_lines": [
          7.716,
          7.790364,
          8.150048,
          8.138473
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.5,
        "volume": 162060,
        "typical_volume": 628900.5,
        "trend": 8.140667,
        "fair_value": 10.955092,
        "relative_strength": -35.787522,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.531444,
        "energy": 28.480326,
        "activity_lines": [
          7.636,
          7.708545,
          8.092048,
          8.095011
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.78,
        "volume": 269418,
        "typical_volume": 626842.95,
        "trend": 8.115,
        "fair_value": 10.896603,
        "relative_strength": -31.492114,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -45.850473,
        "energy": 25.939296,
        "activity_lines": [
          7.662667,
          7.707636,
          8.059048,
          8.071742
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.97,
        "volume": 129711,
        "typical_volume": 630385.75,
        "trend": 8.100667,
        "fair_value": 10.834872,
        "relative_strength": -30.472363,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -36.064076,
        "energy": 20.700527,
        "activity_lines": [
          7.753333,
          7.752727,
          8.040905,
          8.062387
        ]
      },
      {
        "date": "2026-08-14",
        "close": 7.69,
        "volume": 33028,
        "typical_volume": 624714.65,
        "trend": 8.077,
        "fair_value": 10.776795,
        "relative_strength": -34.185694,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -37.873201,
        "energy": 18.007418,
        "activity_lines": [
          7.744667,
          7.737091,
          7.992143,
          8.035892
        ]
      }
    ],
    "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."
    }
  }
}