{ "ticker": { "uuid": "efaae299-d121-451c-b4ff-193000f2c0aa", "symbol": "TSQ", "name": "Townsquare Media Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 58.579, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -3.009, "architecture_energy": 9.759, "architecture_maturity": 11.704, "architecture_confidence": 53.714, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 59.8, "rotation_up": 22.55, "upward_expansion": 22.39, "deceleration": 60.48, "rotation_down": 44.18, "downward_expansion": 31.39 }, "activity_lines": [ 6.250613, 6.388512, 6.417303, 6.375046 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 6.48, "trend_reference": 6.315429, "distance_from_trend": 0.026059, "trend_direction": "Improving", "fair_value": 7.326773, "distance_from_fair_value": -0.115572, "fair_value_direction": "Improving", "relative_strength": -3.910702, "relative_strength_direction": "Improving", "price_momentum": 0.006948, "excess_performance": -0.118677, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.026059, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.088462, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.115572, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.009852, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.039107, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001282, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.006948, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.923966, "read": "Supply-led" } ], "volume": { "latest": 502943, "relative_activity": 1.13312, "balance": 0.923966, "dry_up": 0.829337, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.114877, "annualized_volatility": 0.599872, "from_high_reference": -0.16235, "from_low_reference": 0.596556 }, "levels": { "trend_reference": 6.315429, "fair_value_reference": 7.326773, "structural_low": 4.679511, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": -0.049333, "positive_rate": 0.416667, "directional_follow_through": 0.416667, "median_excess_return": -0.031905, "regime_survival": 0.666667, "best_return": 0.082831, "worst_return": -0.126844, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.059986, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.111763, "regime_survival": 0.25, "best_return": -0.047214, "worst_return": -0.090997, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.153717, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.088971, "regime_survival": 0.0, "best_return": 0.058967, "worst_return": -0.255418, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.250469, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.283875, "regime_survival": 0.333333, "best_return": 0.066325, "worst_return": -0.435758, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-08", "end": "2024-03-29", "tenure": "New", "return": 0.021395, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2024-05-24", "tenure": "Developing", "return": -0.114741, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-31", "end": "2024-06-21", "tenure": "New", "return": -0.096276, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.042883, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2024-09-06", "tenure": "Developing", "return": -0.160035, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-10-11", "tenure": "Developing", "return": 0.069601, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2025-01-10", "tenure": "Established", "return": -0.140368, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-07-11", "tenure": "Established", "return": -0.086334, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.111544, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-10-03", "tenure": "Developing", "return": -0.025603, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-02-06", "tenure": "Established", "return": 0.139634, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": 0.031019, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-20", "end": "2026-07-24", "tenure": "Established", "return": 0.228285, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.094595, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7.978483, "volume": 370406, "typical_volume": 359424.35, "trend": 7.205831, "fair_value": 7.33208, "relative_strength": 12.838323, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.940517, "energy": 21.158157, "activity_lines": [ 8.39574, 8.638642, 8.340065, 7.87529 ] }, { "date": "2023-08-25", "close": 7.536955, "volume": 235138, "typical_volume": 368084.9, "trend": 7.268787, "fair_value": 7.357992, "relative_strength": 5.629733, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.775719, "energy": 19.585048, "activity_lines": [ 8.032189, 8.422692, 8.30315, 7.896653 ] }, { "date": "2023-09-01", "close": 7.273588, "volume": 357066, "typical_volume": 381182.2, "trend": 7.32818, "fair_value": 7.382358, "relative_strength": -0.602728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.535985, "energy": 23.032686, "activity_lines": [ 7.698591, 8.176361, 8.235246, 7.896963 ] }, { "date": "2023-09-08", "close": 7.320065, "volume": 353695, "typical_volume": 391911.05, "trend": 7.391606, "fair_value": 7.406354, "relative_strength": 1.269692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.33221, "energy": 25.599114, "activity_lines": [ 7.493061, 7.96285, 8.16795, 7.896439 ] }, { "date": "2023-09-15", "close": 7.327811, "volume": 277485, "typical_volume": 397091.75, "trend": 7.456532, "fair_value": 7.430638, "relative_strength": 1.372513, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.551984, "energy": 35.417695, "activity_lines": [ 7.386165, 7.785394, 8.100113, 7.892324 ] }, { "date": "2023-09-22", "close": 6.994728, "volume": 211965, "typical_volume": 398649.25, "trend": 7.510852, "fair_value": 7.452834, "relative_strength": -0.372084, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.715888, "energy": 53.429163, "activity_lines": [ 7.221947, 7.573292, 7.999999, 7.86253 ] }, { "date": "2023-09-29", "close": 6.899839, "volume": 242586, "typical_volume": 399659.95, "trend": 7.56201, "fair_value": 7.474041, "relative_strength": -1.135592, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.413163, "energy": 55.519115, "activity_lines": [ 7.091684, 7.380695, 7.892931, 7.82311 ] }, { "date": "2023-10-06", "close": 6.828625, "volume": 349214, "typical_volume": 404968.8, "trend": 7.58049, "fair_value": 7.494456, "relative_strength": -2.665605, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.667365, "energy": 52.46111, "activity_lines": [ 6.980157, 7.218846, 7.78013, 7.775794 ] }, { "date": "2023-10-13", "close": 6.852363, "volume": 162619, "typical_volume": 398819.3, "trend": 7.594546, "fair_value": 7.515788, "relative_strength": -2.79811, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.669943, "energy": 55.540851, "activity_lines": [ 6.906207, 7.100106, 7.669197, 7.728818 ] }, { "date": "2023-10-20", "close": 6.796974, "volume": 136124, "typical_volume": 396152.65, "trend": 7.61402, "fair_value": 7.536861, "relative_strength": -1.277524, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.522594, "energy": 54.360288, "activity_lines": [ 6.844974, 7.005995, 7.55292, 7.677362 ] }, { "date": "2023-10-27", "close": 6.480468, "volume": 166594, "typical_volume": 392635.95, "trend": 7.626756, "fair_value": 7.556812, "relative_strength": -3.600211, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.629346, "energy": 66.084741, "activity_lines": [ 6.713628, 6.878636, 7.412212, 7.60423 ] }, { "date": "2023-11-03", "close": 7.192607, "volume": 210482, "typical_volume": 383877.55, "trend": 7.656623, "fair_value": 7.579226, "relative_strength": 0.97457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.351016, "energy": 43.822997, "activity_lines": [ 6.853945, 6.907993, 7.346945, 7.57622 ] }, { "date": "2023-11-10", "close": 7.176782, "volume": 127704, "typical_volume": 305260.5, "trend": 7.680119, "fair_value": 7.599342, "relative_strength": -0.688661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.870238, "energy": 37.987463, "activity_lines": [ 6.96947, 6.940734, 7.286394, 7.545263 ] }, { "date": "2023-11-17", "close": 7.540764, "volume": 157195, "typical_volume": 277414.25, "trend": 7.696435, "fair_value": 7.618781, "relative_strength": 1.751885, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.726741, "energy": 23.098678, "activity_lines": [ 7.183112, 7.041414, 7.267353, 7.536272 ] }, { "date": "2023-11-24", "close": 7.849358, "volume": 77205, "typical_volume": 262407.45, "trend": 7.717702, "fair_value": 7.639339, "relative_strength": 4.578445, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.380103, "energy": 22.490248, "activity_lines": [ 7.453725, 7.194189, 7.285724, 7.546138 ] }, { "date": "2023-12-01", "close": 7.983873, "volume": 140978, "typical_volume": 254121.6, "trend": 7.736084, "fair_value": 7.656365, "relative_strength": 5.00984, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 8.830415, "energy": 26.191524, "activity_lines": [ 7.699017, 7.361938, 7.32121, 7.56331 ] }, { "date": "2023-12-08", "close": 8.015524, "volume": 208339, "typical_volume": 245682.0, "trend": 7.765939, "fair_value": 7.670871, "relative_strength": 4.762306, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 28.902076, "energy": 37.325942, "activity_lines": [ 7.854633, 7.517458, 7.364628, 7.581339 ] }, { "date": "2023-12-15", "close": 8.466545, "volume": 524107, "typical_volume": 255953.85, "trend": 7.823279, "fair_value": 7.693761, "relative_strength": 7.603425, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.885192, "energy": 55.846912, "activity_lines": [ 8.105728, 7.734696, 7.457131, 7.626539 ] }, { "date": "2023-12-22", "close": 8.458632, "volume": 208592, "typical_volume": 256362.45, "trend": 7.877306, "fair_value": 7.715932, "relative_strength": 6.085141, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.987943, "energy": 60.937193, "activity_lines": [ 8.268201, 7.920716, 7.55124, 7.66753 ] }, { "date": "2023-12-29", "close": 8.50413, "volume": 218198, "typical_volume": 236784.6, "trend": 7.894227, "fair_value": 7.738633, "relative_strength": 5.854103, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.442279, "energy": 59.500218, "activity_lines": [ 8.384649, 8.085802, 7.651122, 7.70797 ] }, { "date": "2024-01-05", "close": 8.246429, "volume": 202687, "typical_volume": 228398.65, "trend": 7.899762, "fair_value": 7.757533, "relative_strength": 3.852883, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.277514, "energy": 45.266221, "activity_lines": [ 8.371545, 8.172995, 7.724696, 7.730693 ] }, { "date": "2024-01-12", "close": 8.600768, "volume": 152117, "typical_volume": 224247.6, "trend": 7.903133, "fair_value": 7.776459, "relative_strength": 5.947838, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.544854, "energy": 41.391228, "activity_lines": [ 8.45905, 8.292505, 7.83074, 7.775919 ] }, { "date": "2024-01-19", "close": 8.447758, "volume": 121349, "typical_volume": 212461.75, "trend": 7.897593, "fair_value": 7.793067, "relative_strength": 2.474885, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.915798, "energy": 35.616095, "activity_lines": [ 8.456536, 8.358592, 7.917146, 7.811056 ] }, { "date": "2024-01-26", "close": 9.019532, "volume": 209828, "typical_volume": 205268.4, "trend": 7.890723, "fair_value": 7.803213, "relative_strength": 7.763025, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.500975, "energy": 45.261485, "activity_lines": [ 8.645866, 8.505529, 8.052416, 7.883439 ] }, { "date": "2024-02-02", "close": 8.818203, "volume": 169558, "typical_volume": 199872.05, "trend": 7.892894, "fair_value": 7.809586, "relative_strength": 3.378868, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.554255, "energy": 62.657724, "activity_lines": [ 8.730692, 8.588974, 8.160418, 7.943276 ] }, { "date": "2024-02-09", "close": 8.858469, "volume": 163560, "typical_volume": 197451.8, "trend": 7.887627, "fair_value": 7.815882, "relative_strength": 1.954903, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.476346, "energy": 59.639091, "activity_lines": [ 8.808002, 8.662125, 8.265159, 8.005572 ] }, { "date": "2024-02-16", "close": 8.447758, "volume": 233780, "typical_volume": 197011.5, "trend": 7.859117, "fair_value": 7.819688, "relative_strength": -2.82041, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.32616, "energy": 45.232839, "activity_lines": [ 8.707606, 8.644699, 8.321909, 8.041709 ] }, { "date": "2024-02-23", "close": 8.600768, "volume": 114233, "typical_volume": 185262.45, "trend": 7.847068, "fair_value": 7.822756, "relative_strength": -3.027219, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.328188, "energy": 36.332053, "activity_lines": [ 8.668414, 8.647235, 8.38586, 8.089558 ] }, { "date": "2024-03-01", "close": 8.616874, "volume": 153242, "typical_volume": 184793.6, "trend": 7.842269, "fair_value": 7.828315, "relative_strength": -4.143782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.746242, "energy": 28.297901, "activity_lines": [ 8.62439, 8.650258, 8.442907, 8.139222 ] }, { "date": "2024-03-08", "close": 8.65714, "volume": 174813, "typical_volume": 186728.05, "trend": 7.859727, "fair_value": 7.833464, "relative_strength": -3.52665, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.157594, "energy": 23.71034, "activity_lines": [ 8.620632, 8.657726, 8.495386, 8.191795 ] }, { "date": "2024-03-15", "close": 8.512183, "volume": 361061, "typical_volume": 196451.4, "trend": 7.877517, "fair_value": 7.835391, "relative_strength": -5.08382, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.198288, "energy": 21.733197, "activity_lines": [ 8.579293, 8.636055, 8.525201, 8.233889 ] }, { "date": "2024-03-22", "close": 8.753778, "volume": 393203, "typical_volume": 205587.45, "trend": 7.918078, "fair_value": 7.842353, "relative_strength": -4.61158, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.661449, "energy": 24.087142, "activity_lines": [ 8.641571, 8.653479, 8.568351, 8.290422 ] }, { "date": "2024-03-29", "close": 8.842363, "volume": 332101, "typical_volume": 215807.3, "trend": 7.97037, "fair_value": 7.846444, "relative_strength": -4.176406, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.906576, "energy": 30.036692, "activity_lines": [ 8.712975, 8.684228, 8.612504, 8.350053 ] }, { "date": "2024-04-05", "close": 10.270994, "volume": 654592, "typical_volume": 240677.15, "trend": 8.068735, "fair_value": 7.863466, "relative_strength": 11.789917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.077059, "energy": 64.091305, "activity_lines": [ 9.244484, 8.967553, 8.784785, 8.49848 ] }, { "date": "2024-04-12", "close": 10.074576, "volume": 498675, "typical_volume": 261750.65, "trend": 8.160293, "fair_value": 7.881331, "relative_strength": 10.821953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.834236, "energy": 74.73136, "activity_lines": [ 9.600246, 9.192412, 8.925358, 8.627889 ] }, { "date": "2024-04-19", "close": 9.747214, "volume": 308409, "typical_volume": 270122.2, "trend": 8.252043, "fair_value": 7.896668, "relative_strength": 10.340644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.2631, "energy": 72.048419, "activity_lines": [ 9.752391, 9.334907, 9.024158, 8.730271 ] }, { "date": "2024-04-26", "close": 10.017288, "volume": 225705, "typical_volume": 270990.5, "trend": 8.355958, "fair_value": 7.911682, "relative_strength": 10.223486, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.008383, "energy": 76.322671, "activity_lines": [ 9.912225, 9.510347, 9.140283, 8.844158 ] }, { "date": "2024-05-03", "close": 10.221889, "volume": 224255, "typical_volume": 255997.9, "trend": 8.469067, "fair_value": 7.927769, "relative_strength": 11.602065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.20646, "energy": 69.159139, "activity_lines": [ 10.056026, 9.694451, 9.266361, 8.964541 ] }, { "date": "2024-05-10", "close": 9.968184, "volume": 309201, "typical_volume": 261028.35, "trend": 8.572927, "fair_value": 7.93024, "relative_strength": 6.654764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.461809, "energy": 47.895248, "activity_lines": [ 10.02329, 9.802952, 9.359917, 9.061258 ] }, { "date": "2024-05-17", "close": 9.452588, "volume": 264453, "typical_volume": 263341.1, "trend": 8.661448, "fair_value": 7.926922, "relative_strength": -0.666606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.044179, "energy": 39.844974, "activity_lines": [ 9.838876, 9.793139, 9.397181, 9.11801 ] }, { "date": "2024-05-24", "close": 9.092489, "volume": 268395, "typical_volume": 266626.5, "trend": 8.748515, "fair_value": 7.919146, "relative_strength": -4.516044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.420105, "energy": 23.35928, "activity_lines": [ 9.575894, 9.70339, 9.395634, 9.145819 ] }, { "date": "2024-05-31", "close": 9.010649, "volume": 154515, "typical_volume": 266746.4, "trend": 8.809117, "fair_value": 7.911944, "relative_strength": -4.813428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.965001, "energy": 18.64998, "activity_lines": [ 9.329281, 9.588211, 9.382263, 9.162731 ] }, { "date": "2024-06-07", "close": 8.961544, "volume": 185322, "typical_volume": 269945.05, "trend": 8.868609, "fair_value": 7.90204, "relative_strength": -6.279538, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.251783, "energy": 19.707123, "activity_lines": [ 9.13341, 9.459433, 9.362264, 9.172565 ] }, { "date": "2024-06-14", "close": 8.429581, "volume": 159548, "typical_volume": 267431.05, "trend": 8.898236, "fair_value": 7.900857, "relative_strength": -12.891205, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.44508, "energy": 31.4906, "activity_lines": [ 8.84424, 9.231767, 9.289155, 9.144241 ] }, { "date": "2024-06-21", "close": 8.143139, "volume": 239897, "typical_volume": 270948.0, "trend": 8.908029, "fair_value": 7.893397, "relative_strength": -15.917789, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.619173, "energy": 47.058547, "activity_lines": [ 8.562163, 8.985501, 9.191576, 9.095525 ] }, { "date": "2024-06-28", "close": 8.969728, "volume": 573008, "typical_volume": 291420.4, "trend": 8.940891, "fair_value": 7.887461, "relative_strength": -6.867944, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.377565, "energy": 34.678934, "activity_lines": [ 8.642912, 8.924642, 9.175933, 9.099506 ] }, { "date": "2024-07-05", "close": 8.666918, "volume": 269507, "typical_volume": 293206.75, "trend": 8.962604, "fair_value": 7.878773, "relative_strength": -11.257694, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.884495, "energy": 39.331202, "activity_lines": [ 8.630908, 8.822862, 9.130922, 9.08183 ] }, { "date": "2024-07-12", "close": 9.354379, "volume": 318085, "typical_volume": 303399.35, "trend": 8.992198, "fair_value": 7.882229, "relative_strength": -4.754414, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 4.380092, "energy": 11.076409, "activity_lines": [ 8.870974, 8.870627, 9.150339, 9.107106 ] }, { "date": "2024-07-19", "close": 9.414173, "volume": 261023, "typical_volume": 308788.4, "trend": 9.02405, "fair_value": 7.884827, "relative_strength": -1.825068, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.093198, "energy": 14.96452, "activity_lines": [ 9.104782, 8.945037, 9.171863, 9.13433 ] }, { "date": "2024-07-26", "close": 10.013484, "volume": 258146, "typical_volume": 312955.05, "trend": 9.074361, "fair_value": 7.890311, "relative_strength": 5.471455, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.929553, "energy": 35.998946, "activity_lines": [ 9.472721, 9.138485, 9.246667, 9.198164 ] }, { "date": "2024-08-02", "close": 9.40585, "volume": 222477, "typical_volume": 306025.85, "trend": 9.113009, "fair_value": 7.888174, "relative_strength": 1.466543, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.163005, "energy": 32.808982, "activity_lines": [ 9.513425, 9.211256, 9.257143, 9.219551 ] }, { "date": "2024-08-09", "close": 8.839834, "volume": 295829, "typical_volume": 301157.15, "trend": 9.120978, "fair_value": 7.88432, "relative_strength": -4.452496, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.406832, "energy": 20.163003, "activity_lines": [ 9.336383, 9.175418, 9.209456, 9.201927 ] }, { "date": "2024-08-16", "close": 8.748273, "volume": 460482, "typical_volume": 307576.2, "trend": 9.130995, "fair_value": 7.882887, "relative_strength": -8.800895, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.793291, "energy": 10.061827, "activity_lines": [ 9.117293, 9.126038, 9.15264, 9.177881 ] }, { "date": "2024-08-23", "close": 9.106194, "volume": 122695, "typical_volume": 280981.35, "trend": 9.133883, "fair_value": 7.878878, "relative_strength": -6.268161, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.142403, "energy": 8.792189, "activity_lines": [ 9.057917, 9.145612, 9.13036, 9.176281 ] }, { "date": "2024-08-30", "close": 8.798215, "volume": 145392, "typical_volume": 263317.2, "trend": 9.133217, "fair_value": 7.87361, "relative_strength": -9.61294, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.224898, "energy": 17.649318, "activity_lines": [ 8.916413, 9.096888, 9.084295, 9.154625 ] }, { "date": "2024-09-06", "close": 7.907573, "volume": 136370, "typical_volume": 254715.25, "trend": 9.101521, "fair_value": 7.864353, "relative_strength": -15.065123, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.693803, "energy": 60.03878, "activity_lines": [ 8.559046, 8.874318, 8.959484, 9.075551 ] }, { "date": "2024-09-13", "close": 8.132314, "volume": 168980, "typical_volume": 251879.0, "trend": 9.091006, "fair_value": 7.856632, "relative_strength": -15.806494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.109414, "energy": 64.183166, "activity_lines": [ 8.376478, 8.711923, 8.864838, 9.013022 ] }, { "date": "2024-09-20", "close": 8.540179, "volume": 380195, "typical_volume": 259676.0, "trend": 9.088986, "fair_value": 7.84885, "relative_strength": -12.682084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.509754, "energy": 58.734722, "activity_lines": [ 8.377033, 8.633405, 8.818013, 8.977485 ] }, { "date": "2024-09-27", "close": 8.481912, "volume": 257045, "typical_volume": 257068.2, "trend": 9.084487, "fair_value": 7.841746, "relative_strength": -13.620029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.480135, "energy": 55.833763, "activity_lines": [ 8.372039, 8.559096, 8.773646, 8.938318 ] }, { "date": "2024-10-04", "close": 8.606769, "volume": 186549, "typical_volume": 253173.0, "trend": 9.082808, "fair_value": 7.833293, "relative_strength": -12.472498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.057048, "energy": 32.783931, "activity_lines": [ 8.450282, 8.524439, 8.748247, 8.907498 ] }, { "date": "2024-10-11", "close": 8.69833, "volume": 185123, "typical_volume": 249009.4, "trend": 9.089013, "fair_value": 7.824662, "relative_strength": -12.441968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.306469, "energy": 20.302433, "activity_lines": [ 8.571809, 8.532006, 8.735597, 8.882693 ] }, { "date": "2024-10-18", "close": 8.764609, "volume": 195390, "typical_volume": 251053.15, "trend": 9.089374, "fair_value": 7.81894, "relative_strength": -12.396873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.046973, "energy": 15.681477, "activity_lines": [ 8.662712, 8.564488, 8.731136, 8.861764 ] }, { "date": "2024-10-25", "close": 8.493101, "volume": 149281, "typical_volume": 249251.1, "trend": 9.077732, "fair_value": 7.809758, "relative_strength": -14.169061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.997543, "energy": 16.663813, "activity_lines": [ 8.620959, 8.548972, 8.701988, 8.823294 ] }, { "date": "2024-11-01", "close": 8.297955, "volume": 149195, "typical_volume": 248733.45, "trend": 9.011964, "fair_value": 7.796507, "relative_strength": -14.751525, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.355454, "energy": 21.652396, "activity_lines": [ 8.517296, 8.502615, 8.656486, 8.772986 ] }, { "date": "2024-11-08", "close": 8.467647, "volume": 200985, "typical_volume": 246787.85, "trend": 8.9584, "fair_value": 7.781717, "relative_strength": -16.735394, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.266267, "energy": 25.278592, "activity_lines": [ 8.48246, 8.501806, 8.627772, 8.737869 ] }, { "date": "2024-11-15", "close": 8.493101, "volume": 305639, "typical_volume": 233419.4, "trend": 8.916596, "fair_value": 7.772105, "relative_strength": -14.473902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.17708, "energy": 27.317339, "activity_lines": [ 8.465385, 8.511636, 8.599936, 8.70785 ] }, { "date": "2024-11-22", "close": 8.493101, "volume": 209258, "typical_volume": 230406.95, "trend": 8.86579, "fair_value": 7.76598, "relative_strength": -15.568004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.234168, "energy": 25.972723, "activity_lines": [ 8.461991, 8.510819, 8.574371, 8.680527 ] }, { "date": "2024-11-29", "close": 8.569462, "volume": 357625, "typical_volume": 232383.95, "trend": 8.810709, "fair_value": 7.76087, "relative_strength": -15.476656, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.459529, "energy": 20.837139, "activity_lines": [ 8.502151, 8.517327, 8.556905, 8.661409 ] }, { "date": "2024-12-06", "close": 8.688247, "volume": 296838, "typical_volume": 234174.7, "trend": 8.768045, "fair_value": 7.75485, "relative_strength": -14.719221, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.35206, "energy": 11.954224, "activity_lines": [ 8.576816, 8.544899, 8.55449, 8.653509 ] }, { "date": "2024-12-13", "close": 8.628855, "volume": 384656, "typical_volume": 240500.2, "trend": 8.740587, "fair_value": 7.752462, "relative_strength": -14.411722, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.023476, "energy": 8.848323, "activity_lines": [ 8.605663, 8.557922, 8.549876, 8.644529 ] }, { "date": "2024-12-20", "close": 8.247047, "volume": 354950, "typical_volume": 247123.85, "trend": 8.712405, "fair_value": 7.743422, "relative_strength": -16.270856, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.993737, "energy": 20.937134, "activity_lines": [ 8.496495, 8.501123, 8.515492, 8.612687 ] }, { "date": "2024-12-27", "close": 7.967055, "volume": 228764, "typical_volume": 243770.6, "trend": 8.677619, "fair_value": 7.73082, "relative_strength": -19.196998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.407648, "energy": 42.520158, "activity_lines": [ 8.310399, 8.401621, 8.459961, 8.5646 ] }, { "date": "2025-01-03", "close": 8.484616, "volume": 423931, "typical_volume": 241943.05, "trend": 8.661721, "fair_value": 7.728128, "relative_strength": -13.148588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.21655, "energy": 35.000606, "activity_lines": [ 8.331893, 8.410723, 8.457877, 8.552148 ] }, { "date": "2025-01-10", "close": 7.534339, "volume": 329705, "typical_volume": 252293.55, "trend": 8.63188, "fair_value": 7.717672, "relative_strength": -20.865093, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.864491, "energy": 61.903583, "activity_lines": [ 8.042285, 8.247201, 8.366546, 8.479414 ] }, { "date": "2025-01-17", "close": 7.967055, "volume": 393360, "typical_volume": 264691.95, "trend": 8.62601, "fair_value": 7.711423, "relative_strength": -18.291478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.173831, "energy": 56.520866, "activity_lines": [ 7.973842, 8.176239, 8.323911, 8.436522 ] }, { "date": "2025-01-24", "close": 7.959421, "volume": 336743, "typical_volume": 274710.6, "trend": 8.592334, "fair_value": 7.701113, "relative_strength": -19.226896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.350832, "energy": 47.964048, "activity_lines": [ 7.946975, 8.112991, 8.284507, 8.393516 ] }, { "date": "2025-01-31", "close": 7.69931, "volume": 227982, "typical_volume": 277660.7, "trend": 8.56008, "fair_value": 7.69119, "relative_strength": -20.571129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.878888, "energy": 59.366565, "activity_lines": [ 7.85258, 8.012152, 8.220083, 8.335902 ] }, { "date": "2025-02-07", "close": 7.803354, "volume": 268673, "typical_volume": 272084.6, "trend": 8.508379, "fair_value": 7.683605, "relative_strength": -18.881324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.450989, "energy": 43.156658, "activity_lines": [ 7.810715, 7.944664, 8.167631, 8.287081 ] }, { "date": "2025-02-14", "close": 7.751332, "volume": 222000, "typical_volume": 270332.35, "trend": 8.452951, "fair_value": 7.677215, "relative_strength": -20.179006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.37278, "energy": 40.922316, "activity_lines": [ 7.796927, 7.881646, 8.113733, 8.238239 ] }, { "date": "2025-02-21", "close": 7.560583, "volume": 188306, "typical_volume": 270420.2, "trend": 8.371188, "fair_value": 7.671657, "relative_strength": -20.439562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.968488, "energy": 48.290157, "activity_lines": [ 7.70509, 7.800981, 8.045147, 8.180667 ] }, { "date": "2025-02-28", "close": 7.404516, "volume": 231044, "typical_volume": 272716.25, "trend": 8.304477, "fair_value": 7.663856, "relative_strength": -20.888977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.266672, "energy": 51.462615, "activity_lines": [ 7.588328, 7.711364, 7.966679, 8.118301 ] }, { "date": "2025-03-07", "close": 6.910304, "volume": 196385, "typical_volume": 272766.0, "trend": 8.240159, "fair_value": 7.649352, "relative_strength": -23.347745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.558204, "energy": 70.218787, "activity_lines": [ 7.343823, 7.547209, 7.847305, 8.028354 ] }, { "date": "2025-03-14", "close": 6.754237, "volume": 295887, "typical_volume": 280096.3, "trend": 8.173691, "fair_value": 7.630314, "relative_strength": -22.873552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.782004, "energy": 78.988856, "activity_lines": [ 7.099896, 7.373891, 7.721897, 7.932489 ] }, { "date": "2025-03-21", "close": 6.918974, "volume": 531467, "typical_volume": 299209.9, "trend": 8.100784, "fair_value": 7.614385, "relative_strength": -20.93082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.732131, "energy": 75.746792, "activity_lines": [ 6.980823, 7.261988, 7.620458, 7.851539 ] }, { "date": "2025-03-28", "close": 7.014348, "volume": 302786, "typical_volume": 304299.95, "trend": 8.041322, "fair_value": 7.601551, "relative_strength": -18.184756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.263378, "energy": 70.614844, "activity_lines": [ 6.949031, 7.178613, 7.53467, 7.781446 ] }, { "date": "2025-04-04", "close": 6.372739, "volume": 380822, "typical_volume": 308059.1, "trend": 7.99016, "fair_value": 7.586898, "relative_strength": -17.490854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.647221, "energy": 77.050145, "activity_lines": [ 6.739786, 6.995904, 7.394696, 7.673796 ] }, { "date": "2025-04-11", "close": 6.043264, "volume": 305059, "typical_volume": 312849.15, "trend": 7.920525, "fair_value": 7.568747, "relative_strength": -25.141517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.931328, "energy": 84.019424, "activity_lines": [ 6.4895, 6.782139, 7.233441, 7.54819 ] }, { "date": "2025-04-18", "close": 6.181991, "volume": 235649, "typical_volume": 306750.35, "trend": 7.841919, "fair_value": 7.552822, "relative_strength": -21.509955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.935241, "energy": 82.974423, "activity_lines": [ 6.34326, 6.623708, 7.097063, 7.436026 ] }, { "date": "2025-04-25", "close": 5.976816, "volume": 249227, "typical_volume": 304369.8, "trend": 7.758416, "fair_value": 7.53907, "relative_strength": -26.595145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.582622, "energy": 86.710673, "activity_lines": [ 6.166777, 6.457451, 6.952515, 7.315697 ] }, { "date": "2025-05-02", "close": 6.271197, "volume": 413733, "typical_volume": 305823.65, "trend": 7.680564, "fair_value": 7.52644, "relative_strength": -24.26603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.96828, "energy": 74.695294, "activity_lines": [ 6.151233, 6.376982, 6.848914, 7.219747 ] }, { "date": "2025-05-09", "close": 6.378244, "volume": 374744, "typical_volume": 306813.35, "trend": 7.603227, "fair_value": 7.518461, "relative_strength": -21.811473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.864838, "energy": 54.941438, "activity_lines": [ 6.220913, 6.339419, 6.766734, 7.135727 ] }, { "date": "2025-05-16", "close": 6.3158, "volume": 434155, "typical_volume": 317082.9, "trend": 7.5216, "fair_value": 7.511181, "relative_strength": -25.731429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.061951, "energy": 47.309582, "activity_lines": [ 6.269413, 6.309162, 6.687507, 7.052667 ] }, { "date": "2025-05-23", "close": 6.039261, "volume": 395559, "typical_volume": 315664.3, "trend": 7.439806, "fair_value": 7.502271, "relative_strength": -26.44457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.389925, "energy": 45.454596, "activity_lines": [ 6.207563, 6.239435, 6.589806, 6.957032 ] }, { "date": "2025-05-30", "close": 6.155229, "volume": 468401, "typical_volume": 322599.1, "trend": 7.368381, "fair_value": 7.494152, "relative_strength": -25.647915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.153646, "energy": 41.566179, "activity_lines": [ 6.193885, 6.203793, 6.514794, 6.874156 ] }, { "date": "2025-06-06", "close": 6.405006, "volume": 608841, "typical_volume": 333373.15, "trend": 7.299627, "fair_value": 7.489259, "relative_strength": -23.227127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.591895, "energy": 34.516693, "activity_lines": [ 6.251572, 6.22745, 6.470138, 6.812003 ] }, { "date": "2025-06-13", "close": 6.199832, "volume": 574384, "typical_volume": 345255.2, "trend": 7.223185, "fair_value": 7.490024, "relative_strength": -24.865668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.184931, "energy": 33.977129, "activity_lines": [ 6.231946, 6.224882, 6.413379, 6.741048 ] }, { "date": "2025-06-20", "close": 6.360403, "volume": 311426, "typical_volume": 349427.4, "trend": 7.152095, "fair_value": 7.487806, "relative_strength": -22.317483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.875629, "energy": 27.669804, "activity_lines": [ 6.277739, 6.254653, 6.380292, 6.685385 ] }, { "date": "2025-06-27", "close": 6.904561, "volume": 2169891, "typical_volume": 444488.3, "trend": 7.096598, "fair_value": 7.492133, "relative_strength": -17.874968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.472083, "energy": 14.762122, "activity_lines": [ 6.501944, 6.377596, 6.405406, 6.669415 ] }, { "date": "2025-07-04", "close": 7.377354, "volume": 291827, "typical_volume": 447979.65, "trend": 7.052901, "fair_value": 7.498966, "relative_strength": -13.223953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.00912, "energy": 22.080436, "activity_lines": [ 6.82606, 6.573363, 6.479827, 6.687528 ] }, { "date": "2025-07-11", "close": 7.279227, "volume": 287193, "typical_volume": 452924.0, "trend": 7.007914, "fair_value": 7.507558, "relative_strength": -13.500931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.757426, "energy": 42.286967, "activity_lines": [ 7.035991, 6.725824, 6.546683, 6.70213 ] }, { "date": "2025-07-18", "close": 7.056212, "volume": 803389, "typical_volume": 481541.25, "trend": 6.968219, "fair_value": 7.513908, "relative_strength": -15.947307, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.507214, "energy": 40.19407, "activity_lines": [ 7.113304, 6.81941, 6.59364, 6.705246 ] }, { "date": "2025-07-25", "close": 6.699283, "volume": 319636, "typical_volume": 487703.8, "trend": 6.92596, "fair_value": 7.518639, "relative_strength": -20.464644, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.942069, "energy": 35.272821, "activity_lines": [ 7.014548, 6.835772, 6.608262, 6.687895 ] }, { "date": "2025-08-01", "close": 6.269137, "volume": 297518, "typical_volume": 487785.35, "trend": 6.852111, "fair_value": 7.515358, "relative_strength": -22.85655, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -31.51765, "energy": 16.434052, "activity_lines": [ 6.749817, 6.766954, 6.582923, 6.64552 ] }, { "date": "2025-08-08", "close": 6.076945, "volume": 322126, "typical_volume": 477318.3, "trend": 6.803531, "fair_value": 7.508219, "relative_strength": -26.248769, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.016885, "energy": 30.201299, "activity_lines": [ 6.463385, 6.659012, 6.54159, 6.595509 ] }, { "date": "2025-08-15", "close": 6.424722, "volume": 471038, "typical_volume": 485730.9, "trend": 6.75212, "fair_value": 7.504932, "relative_strength": -22.092273, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.033681, "energy": 31.015185, "activity_lines": [ 6.379572, 6.615726, 6.537388, 6.57107 ] }, { "date": "2025-08-22", "close": 6.305745, "volume": 244267, "typical_volume": 478903.15, "trend": 6.696998, "fair_value": 7.504083, "relative_strength": -22.990604, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.062953, "energy": 33.885685, "activity_lines": [ 6.313067, 6.550449, 6.524663, 6.542271 ] }, { "date": "2025-08-29", "close": 6.46133, "volume": 219072, "typical_volume": 474603.8, "trend": 6.655732, "fair_value": 7.505761, "relative_strength": -20.360385, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.56686, "energy": 27.986557, "activity_lines": [ 6.348455, 6.511535, 6.527074, 6.527067 ] }, { "date": "2025-09-05", "close": 6.580306, "volume": 182266, "typical_volume": 471934.65, "trend": 6.614963, "fair_value": 7.506576, "relative_strength": -18.589692, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.819844, "energy": 16.687777, "activity_lines": [ 6.439365, 6.492418, 6.538825, 6.522201 ] }, { "date": "2025-09-12", "close": 6.41557, "volume": 201532, "typical_volume": 469549.9, "trend": 6.570438, "fair_value": 7.510205, "relative_strength": -21.262624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.740751, "energy": 12.73322, "activity_lines": [ 6.454618, 6.449244, 6.532991, 6.509337 ] }, { "date": "2025-09-19", "close": 6.424722, "volume": 239580, "typical_volume": 460842.25, "trend": 6.532576, "fair_value": 7.514609, "relative_strength": -21.44016, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.524665, "energy": 10.399156, "activity_lines": [ 6.450348, 6.425221, 6.525939, 6.499936 ] }, { "date": "2025-09-26", "close": 6.186769, "volume": 227471, "typical_volume": 453478.6, "trend": 6.491984, "fair_value": 7.51959, "relative_strength": -23.457096, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.042602, "energy": 14.765099, "activity_lines": [ 6.366759, 6.37347, 6.495494, 6.477626 ] }, { "date": "2025-10-03", "close": 5.92136, "volume": 195842, "typical_volume": 441562.95, "trend": 6.459019, "fair_value": 7.521961, "relative_strength": -26.817457, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.020267, "energy": 47.070249, "activity_lines": [ 6.202633, 6.289272, 6.440683, 6.440811 ] }, { "date": "2025-10-10", "close": 5.6468, "volume": 299120, "typical_volume": 436741.0, "trend": 6.422105, "fair_value": 7.522859, "relative_strength": -27.728449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.582433, "energy": 64.87667, "activity_lines": [ 5.982984, 6.169297, 6.361602, 6.38841 ] }, { "date": "2025-10-17", "close": 5.637648, "volume": 298800, "typical_volume": 428260.95, "trend": 6.379394, "fair_value": 7.521979, "relative_strength": -28.309669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.832436, "energy": 75.685918, "activity_lines": [ 5.822519, 6.058974, 6.283519, 6.3378 ] }, { "date": "2025-10-24", "close": 6.232529, "volume": 597885, "typical_volume": 427713.15, "trend": 6.353333, "fair_value": 7.526106, "relative_strength": -21.530522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.910859, "energy": 64.823359, "activity_lines": [ 5.912208, 6.064798, 6.264555, 6.328325 ] }, { "date": "2025-10-31", "close": 5.927643, "volume": 370037, "typical_volume": 417495.8, "trend": 6.338497, "fair_value": 7.526989, "relative_strength": -25.157072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.096602, "energy": 56.850018, "activity_lines": [ 5.913082, 6.018682, 6.217376, 6.300861 ] }, { "date": "2025-11-07", "close": 5.767182, "volume": 207286, "typical_volume": 412288.8, "trend": 6.329294, "fair_value": 7.524886, "relative_strength": -25.270185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.620895, "energy": 43.521897, "activity_lines": [ 5.877744, 5.950267, 6.156211, 6.264002 ] }, { "date": "2025-11-14", "close": 4.879923, "volume": 597505, "typical_volume": 333669.5, "trend": 6.285892, "fair_value": 7.519387, "relative_strength": -36.065041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.90572, "energy": 59.578789, "activity_lines": [ 5.556932, 5.733152, 6.01337, 6.170494 ] }, { "date": "2025-11-21", "close": 4.143687, "volume": 513202, "typical_volume": 344738.25, "trend": 6.224788, "fair_value": 7.508166, "relative_strength": -43.874148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.756213, "energy": 90.55364, "activity_lines": [ 5.041833, 5.413093, 5.810053, 6.032287 ] }, { "date": "2025-11-28", "close": 4.653389, "volume": 347653, "typical_volume": 347761.25, "trend": 6.170861, "fair_value": 7.503412, "relative_strength": -38.415161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.504746, "energy": 87.712589, "activity_lines": [ 4.796231, 5.227013, 5.670677, 5.930906 ] }, { "date": "2025-12-05", "close": 4.587316, "volume": 296731, "typical_volume": 322428.35, "trend": 6.111163, "fair_value": 7.497997, "relative_strength": -38.663539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.833952, "energy": 88.159283, "activity_lines": [ 4.633882, 5.061126, 5.537512, 5.828742 ] }, { "date": "2025-12-12", "close": 5.134774, "volume": 543774, "typical_volume": 333635.25, "trend": 6.071795, "fair_value": 7.496281, "relative_strength": -30.094559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.466412, "energy": 79.116547, "activity_lines": [ 4.743373, 5.023858, 5.468243, 5.765749 ] }, { "date": "2025-12-19", "close": 5.002629, "volume": 263426, "typical_volume": 331930.65, "trend": 6.037241, "fair_value": 7.493862, "relative_strength": -31.146932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.767822, "energy": 51.500318, "activity_lines": [ 4.850977, 4.976866, 5.393839, 5.696771 ] }, { "date": "2025-12-26", "close": 4.861045, "volume": 281018, "typical_volume": 329875.25, "trend": 5.994102, "fair_value": 7.490392, "relative_strength": -33.255581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.835822, "energy": 44.326145, "activity_lines": [ 4.903206, 4.915842, 5.311981, 5.620887 ] }, { "date": "2026-01-02", "close": 4.794973, "volume": 203180, "typical_volume": 316482.35, "trend": 5.940434, "fair_value": 7.486546, "relative_strength": -32.55484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.751447, "energy": 36.84299, "activity_lines": [ 4.885586, 4.856926, 5.229621, 5.543524 ] }, { "date": "2026-01-09", "close": 5.314113, "volume": 366319, "typical_volume": 322584.95, "trend": 5.91091, "fair_value": 7.483114, "relative_strength": -25.674623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.285304, "energy": 29.328219, "activity_lines": [ 5.031575, 4.918537, 5.204464, 5.503116 ] }, { "date": "2026-01-16", "close": 5.163091, "volume": 271178, "typical_volume": 325190.25, "trend": 5.870999, "fair_value": 7.479956, "relative_strength": -26.711134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.689966, "energy": 25.280772, "activity_lines": [ 5.07877, 4.963844, 5.169645, 5.45487 ] }, { "date": "2026-01-23", "close": 5.653915, "volume": 648333, "typical_volume": 348493.6, "trend": 5.829311, "fair_value": 7.479992, "relative_strength": -18.686999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.021957, "energy": 16.598121, "activity_lines": [ 5.287685, 5.109375, 5.187754, 5.440865 ] }, { "date": "2026-01-30", "close": 6.377048, "volume": 2343732, "typical_volume": 455603.6, "trend": 5.795968, "fair_value": 7.485667, "relative_strength": -7.99656, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.528423, "energy": 24.017429, "activity_lines": [ 5.694225, 5.372312, 5.279144, 5.476202 ] }, { "date": "2026-02-06", "close": 6.435286, "volume": 1350705, "typical_volume": 511159.85, "trend": 5.767836, "fair_value": 7.492193, "relative_strength": -6.287063, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.173044, "energy": 37.109775, "activity_lines": [ 6.019111, 5.605231, 5.376264, 5.517449 ] }, { "date": "2026-02-13", "close": 6.571175, "volume": 640670, "typical_volume": 531819.8, "trend": 5.751668, "fair_value": 7.499828, "relative_strength": -2.455048, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.369665, "energy": 55.556468, "activity_lines": [ 6.279939, 5.83046, 5.486275, 5.569277 ] }, { "date": "2026-02-20", "close": 6.910896, "volume": 652116, "typical_volume": 554633.5, "trend": 5.758722, "fair_value": 7.509737, "relative_strength": 1.986114, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.703481, "energy": 68.526159, "activity_lines": [ 6.570203, 6.081385, 5.62681, 5.644066 ] }, { "date": "2026-02-27", "close": 7.182673, "volume": 789595, "typical_volume": 579157.25, "trend": 5.789173, "fair_value": 7.521388, "relative_strength": 6.975654, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.942448, "energy": 73.345083, "activity_lines": [ 6.83454, 6.349432, 5.788517, 5.735934 ] }, { "date": "2026-03-06", "close": 7.046784, "volume": 624808, "typical_volume": 595457.65, "trend": 5.821501, "fair_value": 7.52634, "relative_strength": 7.426298, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.833914, "energy": 66.669181, "activity_lines": [ 6.951662, 6.553134, 5.929968, 5.81707 ] }, { "date": "2026-03-13", "close": 6.775007, "volume": 582946, "typical_volume": 594710.7, "trend": 5.833178, "fair_value": 7.528548, "relative_strength": 5.253296, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.354837, "energy": 63.573698, "activity_lines": [ 6.933544, 6.667682, 6.038825, 5.878586 ] }, { "date": "2026-03-20", "close": 4.969633, "volume": 1573010, "typical_volume": 654859.35, "trend": 5.788641, "fair_value": 7.520579, "relative_strength": -20.635451, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.748913, "energy": 18.929596, "activity_lines": [ 6.290986, 6.417979, 5.973159, 5.822874 ] }, { "date": "2026-03-27", "close": 4.824038, "volume": 1351685, "typical_volume": 712079.3, "trend": 5.734064, "fair_value": 7.51241, "relative_strength": -20.382958, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -12.320719, "energy": 18.378217, "activity_lines": [ 5.706666, 6.148067, 5.898189, 5.760641 ] }, { "date": "2026-04-03", "close": 5.532599, "volume": 788895, "typical_volume": 721648.8, "trend": 5.699141, "fair_value": 7.507513, "relative_strength": -10.941107, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 0.630693, "energy": 19.860688, "activity_lines": [ 5.497656, 6.01315, 5.895192, 5.747644 ] }, { "date": "2026-04-10", "close": 5.988796, "volume": 723595, "typical_volume": 732168.45, "trend": 5.684915, "fair_value": 7.504416, "relative_strength": -6.45003, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 0.325292, "energy": 19.731875, "activity_lines": [ 5.550718, 5.963383, 5.932534, 5.766331 ] }, { "date": "2026-04-17", "close": 6.745888, "volume": 614094, "typical_volume": 745490.5, "trend": 5.69562, "fair_value": 7.502458, "relative_strength": 1.315797, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.867697, "energy": 21.156552, "activity_lines": [ 5.926675, 6.058328, 6.033194, 5.834781 ] }, { "date": "2026-04-24", "close": 6.648825, "volume": 578692, "typical_volume": 759588.55, "trend": 5.711022, "fair_value": 7.498852, "relative_strength": -0.332924, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.938043, "energy": 28.550196, "activity_lines": [ 6.27222, 6.129979, 6.114645, 5.896278 ] }, { "date": "2026-05-01", "close": 6.52, "volume": 325901, "typical_volume": 748694.9, "trend": 5.730977, "fair_value": 7.493003, "relative_strength": -2.744806, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.348312, "energy": 36.260714, "activity_lines": [ 6.462877, 6.176794, 6.174011, 5.94847 ] }, { "date": "2026-05-08", "close": 6.55, "volume": 270533, "typical_volume": 749050.25, "trend": 5.761083, "fair_value": 7.48935, "relative_strength": -4.038883, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.34685, "energy": 45.470278, "activity_lines": [ 6.55047, 6.236172, 6.229638, 6.00131 ] }, { "date": "2026-05-15", "close": 6.03, "volume": 531228, "typical_volume": 761560.75, "trend": 5.774162, "fair_value": 7.484758, "relative_strength": -11.364751, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.577386, "energy": 32.835772, "activity_lines": [ 6.396903, 6.212507, 6.228372, 6.01866 ] }, { "date": "2026-05-22", "close": 6.4, "volume": 330507, "typical_volume": 767927.1, "trend": 5.779744, "fair_value": 7.481952, "relative_strength": -6.357938, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.446963, "energy": 23.848135, "activity_lines": [ 6.363922, 6.274601, 6.256778, 6.059037 ] }, { "date": "2026-05-29", "close": 6.6, "volume": 192880, "typical_volume": 759255.15, "trend": 5.802156, "fair_value": 7.473, "relative_strength": -4.446815, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.8969, "energy": 25.015123, "activity_lines": [ 6.420667, 6.379878, 6.296589, 6.111956 ] }, { "date": "2026-06-05", "close": 6.47, "volume": 196939, "typical_volume": 755543.2, "trend": 5.825583, "fair_value": 7.462677, "relative_strength": -3.51004, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.683462, "energy": 22.440737, "activity_lines": [ 6.437333, 6.431876, 6.317895, 6.155043 ] }, { "date": "2026-06-12", "close": 6.65, "volume": 237590, "typical_volume": 735006.05, "trend": 5.884586, "fair_value": 7.45082, "relative_strength": -1.065139, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.813828, "energy": 28.010923, "activity_lines": [ 6.517333, 6.486674, 6.350121, 6.208231 ] }, { "date": "2026-06-19", "close": 6.32, "volume": 286353, "typical_volume": 632137.1, "trend": 5.95713, "fair_value": 7.436115, "relative_strength": -6.373238, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.170385, "energy": 25.286335, "activity_lines": [ 6.480667, 6.461155, 6.346175, 6.236322 ] }, { "date": "2026-06-26", "close": 6.607162, "volume": 266619, "typical_volume": 577932.8, "trend": 6.022256, "fair_value": 7.419331, "relative_strength": 0.75485, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.810651, "energy": 25.459704, "activity_lines": [ 6.520387, 6.481826, 6.369849, 6.27826 ] }, { "date": "2026-07-03", "close": 7.013458, "volume": 497870, "typical_volume": 570792.8, "trend": 6.103127, "fair_value": 7.408179, "relative_strength": 5.248107, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.088127, "energy": 38.251445, "activity_lines": [ 6.681729, 6.578892, 6.4314, 6.342208 ] }, { "date": "2026-07-10", "close": 6.57814, "volume": 211325, "typical_volume": 548753.25, "trend": 6.151239, "fair_value": 7.392549, "relative_strength": -1.963608, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.867386, "energy": 26.918219, "activity_lines": [ 6.670401, 6.590179, 6.449386, 6.372854 ] }, { "date": "2026-07-17", "close": 6.394339, "volume": 171842, "typical_volume": 517865.6, "trend": 6.197629, "fair_value": 7.373903, "relative_strength": -2.625363, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.429517, "energy": 23.861395, "activity_lines": [ 6.590597, 6.56699, 6.451452, 6.388538 ] }, { "date": "2026-07-24", "close": 6.104127, "volume": 334037, "typical_volume": 503327.05, "trend": 6.239066, "fair_value": 7.355582, "relative_strength": -6.011286, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.885799, "energy": 9.661321, "activity_lines": [ 6.431099, 6.493866, 6.429632, 6.382506 ] }, { "date": "2026-07-31", "close": 5.92, "volume": 463605, "typical_volume": 497360.0, "trend": 6.276566, "fair_value": 7.337371, "relative_strength": -9.384642, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.99902, "energy": 15.142501, "activity_lines": [ 6.224618, 6.385916, 6.394765, 6.361921 ] }, { "date": "2026-08-07", "close": 6.48, "volume": 502943, "typical_volume": 443856.65, "trend": 6.315429, "fair_value": 7.326773, "relative_strength": -3.910702, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.008813, "energy": 9.759187, "activity_lines": [ 6.250613, 6.388512, 6.417303, 6.375046 ] } ], "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." } } }