{ "ticker": { "uuid": "f0cf1588-bfca-4e17-8e8a-895f05e35e2c", "symbol": "IMMNOV", "name": "Immunovia AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -63.214, "architecture_energy": 56.381, "architecture_maturity": 40.005, "architecture_confidence": 85.606, "architecture_tenure": "Established", "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": 34.94, "rotation_up": 16.57, "upward_expansion": 16.13, "deceleration": 32.42, "rotation_down": 64.52, "downward_expansion": 84.8 }, "activity_lines": [ 0.175973, 0.181844, 0.18783, 0.18839 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 0.1658, "trend_reference": 0.1895, "distance_from_trend": -0.125066, "trend_direction": "Weakening", "fair_value": 0.41893, "distance_from_fair_value": -0.60423, "fair_value_direction": "Weakening", "relative_strength": -43.696584, "relative_strength_direction": "Weakening", "price_momentum": -0.114316, "excess_performance": -0.175811, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.125066, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.124725, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.60423, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.032575, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.436966, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.019647, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.114316, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.424771, "read": "Demand-led" } ], "volume": { "latest": 18104026, "relative_activity": 0.93546, "balance": 1.424771, "dry_up": 0.552215, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.128654, "annualized_volatility": 0.650008, "from_high_reference": -0.779713, "from_low_reference": 0.103862 }, "levels": { "trend_reference": 0.1895, "fair_value_reference": 0.41893, "structural_low": 0.1502, "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": 18, "median_return": -0.056365, "positive_rate": 0.277778, "directional_follow_through": 0.277778, "median_excess_return": -0.057384, "regime_survival": 0.611111, "best_return": 0.245639, "worst_return": -0.300976, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.18692, "positive_rate": 0.222222, "directional_follow_through": 0.222222, "median_excess_return": -0.176186, "regime_survival": 0.555556, "best_return": 0.481916, "worst_return": -0.749343, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.441283, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.435245, "regime_survival": 0.333333, "best_return": -0.221128, "worst_return": -0.922301, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.712628, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.687525, "regime_survival": 0.5, "best_return": -0.460942, "worst_return": -0.966925, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-10", "end": "2023-12-22", "tenure": "Developing", "return": -0.242194, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-12-29", "end": "2024-03-22", "tenure": "Established", "return": -0.249436, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-29", "end": "2024-04-12", "tenure": "New", "return": 0.239767, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-07-26", "tenure": "Established", "return": -0.064995, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-09-06", "tenure": "Developing", "return": -0.400871, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-13", "end": "2024-11-01", "tenure": "Developing", "return": -0.24005, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-06-06", "tenure": "Extended", "return": -0.223201, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": 0.079349, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-08-01", "tenure": "Developing", "return": 0.58239, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-09-19", "tenure": "Developing", "return": -0.098334, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.137164, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.078101, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-04-24", "tenure": "Established", "return": -0.304124, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": -0.183251, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.45656, "volume": 1021205, "typical_volume": 4099113.05, "trend": 2.258916, "fair_value": 26.316404, "relative_strength": -92.814998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.319195, "energy": 69.186187, "activity_lines": [ 0.46825, 0.51051, 0.710817, 1.181257 ] }, { "date": "2023-08-25", "close": 0.39553, "volume": 7131019, "typical_volume": 4415611.95, "trend": 1.980781, "fair_value": 25.866713, "relative_strength": -93.534656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.405136, "energy": 72.232355, "activity_lines": [ 0.444096, 0.480606, 0.650915, 1.061038 ] }, { "date": "2023-09-01", "close": 0.344544, "volume": 9327783, "typical_volume": 4793462.55, "trend": 1.727952, "fair_value": 25.437835, "relative_strength": -94.261987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.368363, "energy": 73.190378, "activity_lines": [ 0.407994, 0.447865, 0.596837, 0.955474 ] }, { "date": "2023-09-08", "close": 0.270382, "volume": 9773300, "typical_volume": 5151262.55, "trend": 1.479821, "fair_value": 24.986882, "relative_strength": -95.306157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.86593, "energy": 74.845473, "activity_lines": [ 0.354587, 0.407329, 0.544649, 0.861438 ] }, { "date": "2023-09-15", "close": 0.298193, "volume": 3105654, "typical_volume": 5252910.75, "trend": 1.266074, "fair_value": 24.487851, "relative_strength": -94.666365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.575122, "energy": 70.856276, "activity_lines": [ 0.323583, 0.378577, 0.502385, 0.785204 ] }, { "date": "2023-09-22", "close": 0.312871, "volume": 11447167, "typical_volume": 5756227.6, "trend": 1.184375, "fair_value": 23.915381, "relative_strength": -94.085463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.390842, "energy": 68.440546, "activity_lines": [ 0.310193, 0.359714, 0.468008, 0.723707 ] }, { "date": "2023-09-29", "close": 0.293944, "volume": 1527964, "typical_volume": 5629753.55, "trend": 1.100851, "fair_value": 23.306024, "relative_strength": -94.117801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.69685, "energy": 68.547514, "activity_lines": [ 0.300073, 0.341131, 0.438201, 0.666259 ] }, { "date": "2023-10-06", "close": 0.27579, "volume": 1539120, "typical_volume": 5653152.15, "trend": 1.018872, "fair_value": 22.66323, "relative_strength": -94.146134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.732529, "energy": 68.601848, "activity_lines": [ 0.290674, 0.322471, 0.411511, 0.61303 ] }, { "date": "2023-10-13", "close": 0.269609, "volume": 1111519, "typical_volume": 4851069.85, "trend": 0.93627, "fair_value": 22.007759, "relative_strength": -93.976422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.308033, "energy": 68.834058, "activity_lines": [ 0.283798, 0.30596, 0.389107, 0.56469 ] }, { "date": "2023-10-20", "close": 0.233301, "volume": 2122210, "typical_volume": 4851034.9, "trend": 0.857781, "fair_value": 21.425587, "relative_strength": -94.13917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.729314, "energy": 70.678354, "activity_lines": [ 0.264871, 0.286443, 0.365549, 0.519337 ] }, { "date": "2023-10-27", "close": 0.207421, "volume": 3036880, "typical_volume": 4675137.45, "trend": 0.779718, "fair_value": 21.086828, "relative_strength": -94.365443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.505448, "energy": 70.899107, "activity_lines": [ 0.241644, 0.26687, 0.34177, 0.477379 ] }, { "date": "2023-11-03", "close": 0.219396, "volume": 1349004, "typical_volume": 4619536.6, "trend": 0.699093, "fair_value": 20.681505, "relative_strength": -93.858794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.227478, "energy": 68.405376, "activity_lines": [ 0.229438, 0.254005, 0.322181, 0.441229 ] }, { "date": "2023-11-10", "close": 0.915437, "volume": 184400786, "typical_volume": 13657746.05, "trend": 0.655445, "fair_value": 20.305922, "relative_strength": -72.654227, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -1.490991, "energy": 8.748837, "activity_lines": [ 0.454216, 0.370894, 0.371406, 0.455187 ] }, { "date": "2023-11-17", "close": 1.048697, "volume": 82385137, "typical_volume": 17706510.95, "trend": 0.630467, "fair_value": 19.893507, "relative_strength": -67.83074, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.205516, "energy": 42.150513, "activity_lines": [ 0.680771, 0.501633, 0.432093, 0.480558 ] }, { "date": "2023-11-24", "close": 0.950201, "volume": 19759872, "typical_volume": 18458505.35, "trend": 0.606776, "fair_value": 19.482299, "relative_strength": -69.035131, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.752147, "energy": 47.093319, "activity_lines": [ 0.822554, 0.600312, 0.481455, 0.501186 ] }, { "date": "2023-12-01", "close": 0.677501, "volume": 14449976, "typical_volume": 18406520.7, "trend": 0.574318, "fair_value": 19.205379, "relative_strength": -76.152499, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.6325, "energy": 42.005283, "activity_lines": [ 0.825645, 0.637554, 0.503632, 0.505748 ] }, { "date": "2023-12-08", "close": 0.694496, "volume": 20499056, "typical_volume": 19180576.45, "trend": 0.553756, "fair_value": 18.946492, "relative_strength": -74.318661, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.804188, "energy": 57.542999, "activity_lines": [ 0.803061, 0.671257, 0.526666, 0.513502 ] }, { "date": "2023-12-15", "close": 0.608746, "volume": 8174642, "typical_volume": 19396477.3, "trend": 0.530722, "fair_value": 18.687054, "relative_strength": -76.302494, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.299986, "energy": 26.111437, "activity_lines": [ 0.720221, 0.682087, 0.54047, 0.51705 ] }, { "date": "2023-12-22", "close": 0.693724, "volume": 5793604, "typical_volume": 19552062.0, "trend": 0.528739, "fair_value": 18.427243, "relative_strength": -70.443624, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.402835, "energy": 12.239483, "activity_lines": [ 0.686153, 0.702313, 0.561639, 0.527566 ] }, { "date": "2023-12-29", "close": 0.684453, "volume": 7162601, "typical_volume": 19755924.95, "trend": 0.528069, "fair_value": 18.15772, "relative_strength": -68.43447, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.518581, "energy": 19.249305, "activity_lines": [ 0.672659, 0.713142, 0.580847, 0.537612 ] }, { "date": "2024-01-05", "close": 0.853635, "volume": 43788349, "typical_volume": 21894282.15, "trend": 0.528262, "fair_value": 17.891121, "relative_strength": -56.037602, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.113502, "energy": 24.921638, "activity_lines": [ 0.733276, 0.746529, 0.615237, 0.558616 ] }, { "date": "2024-01-12", "close": 0.726169, "volume": 12621900, "typical_volume": 22168826.2, "trend": 0.52749, "fair_value": 17.648981, "relative_strength": -59.380916, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.217166, "energy": 23.764535, "activity_lines": [ 0.739663, 0.744991, 0.635597, 0.571384 ] }, { "date": "2024-01-19", "close": 0.750118, "volume": 5931486, "typical_volume": 21999011.35, "trend": 0.53058, "fair_value": 17.395965, "relative_strength": -52.462169, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.768743, "energy": 27.008283, "activity_lines": [ 0.75192, 0.738593, 0.656663, 0.585748 ] }, { "date": "2024-01-26", "close": 0.704539, "volume": 7866156, "typical_volume": 21903654.15, "trend": 0.532717, "fair_value": 17.15001, "relative_strength": -51.736844, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.132907, "energy": 24.973431, "activity_lines": [ 0.73956, 0.726914, 0.671457, 0.596971 ] }, { "date": "2024-02-02", "close": 0.682908, "volume": 4087394, "typical_volume": 21952741.15, "trend": 0.532305, "fair_value": 16.886452, "relative_strength": -48.035445, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.060389, "energy": 19.363508, "activity_lines": [ 0.719268, 0.717559, 0.682123, 0.60666 ] }, { "date": "2024-02-09", "close": 0.621879, "volume": 4631788, "typical_volume": 21611972.2, "trend": 0.535782, "fair_value": 16.608716, "relative_strength": -46.342242, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.470055, "energy": 15.067141, "activity_lines": [ 0.678737, 0.701968, 0.685145, 0.612439 ] }, { "date": "2024-02-16", "close": 0.681363, "volume": 3934629, "typical_volume": 21732305.45, "trend": 0.542786, "fair_value": 16.335957, "relative_strength": -35.823947, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.834756, "energy": 15.598296, "activity_lines": [ 0.673483, 0.698204, 0.692361, 0.621832 ] }, { "date": "2024-02-23", "close": 0.620334, "volume": 3107464, "typical_volume": 21810722.65, "trend": 0.548271, "fair_value": 16.072458, "relative_strength": -39.577711, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.919251, "energy": 11.905995, "activity_lines": [ 0.650874, 0.683582, 0.691919, 0.626835 ] }, { "date": "2024-03-01", "close": 0.54849, "volume": 2729520, "typical_volume": 21891622.7, "trend": 0.550975, "fair_value": 15.807119, "relative_strength": -44.56118, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.741026, "energy": 14.220658, "activity_lines": [ 0.612969, 0.655687, 0.682995, 0.626849 ] }, { "date": "2024-03-08", "close": 0.482825, "volume": 2469674, "typical_volume": 21908995.9, "trend": 0.550769, "fair_value": 15.526653, "relative_strength": -49.1489, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -8.446954, "energy": 28.54601, "activity_lines": [ 0.563579, 0.618494, 0.666488, 0.622452 ] }, { "date": "2024-03-15", "close": 0.57321, "volume": 9317495, "typical_volume": 22223026.65, "trend": 0.554657, "fair_value": 15.242171, "relative_strength": -37.280124, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.439228, "energy": 25.659084, "activity_lines": [ 0.557657, 0.6014, 0.657402, 0.6239 ] }, { "date": "2024-03-22", "close": 0.513726, "volume": 3803299, "typical_volume": 22345741.4, "trend": 0.558597, "fair_value": 14.962822, "relative_strength": -40.516705, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.013908, "energy": 37.192792, "activity_lines": [ 0.535151, 0.57859, 0.640909, 0.621259 ] }, { "date": "2024-03-29", "close": 0.528404, "volume": 2647929, "typical_volume": 13258098.55, "trend": 0.564725, "fair_value": 14.696665, "relative_strength": -34.990813, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.529048, "energy": 33.700749, "activity_lines": [ 0.528713, 0.562311, 0.624412, 0.619311 ] }, { "date": "2024-04-05", "close": 0.525314, "volume": 1173842, "typical_volume": 9197533.8, "trend": 0.573223, "fair_value": 14.430259, "relative_strength": -30.916311, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.81949, "energy": 33.335509, "activity_lines": [ 0.527374, 0.549501, 0.609464, 0.616769 ] }, { "date": "2024-04-12", "close": 0.655098, "volume": 56016516, "typical_volume": 11010366.0, "trend": 0.58512, "fair_value": 14.12677, "relative_strength": -9.763791, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.071489, "energy": 9.428613, "activity_lines": [ 0.570841, 0.563547, 0.609368, 0.622051 ] }, { "date": "2024-04-19", "close": 0.677501, "volume": 3428318, "typical_volume": 10459283.1, "trend": 0.597274, "fair_value": 13.856743, "relative_strength": -3.085725, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.964013, "energy": 7.293096, "activity_lines": [ 0.610292, 0.582172, 0.612811, 0.628011 ] }, { "date": "2024-04-26", "close": 0.793765, "volume": 18146609, "typical_volume": 10341660.75, "trend": 0.613935, "fair_value": 13.602169, "relative_strength": 14.391799, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.911134, "energy": 27.489884, "activity_lines": [ 0.681544, 0.620924, 0.627327, 0.640688 ] }, { "date": "2024-05-03", "close": 0.719217, "volume": 8389671, "typical_volume": 10352412.2, "trend": 0.628716, "fair_value": 13.350793, "relative_strength": 7.836766, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.703337, "energy": 30.729083, "activity_lines": [ 0.709277, 0.644079, 0.634271, 0.64748 ] }, { "date": "2024-05-10", "close": 0.638102, "volume": 2105605, "typical_volume": 10168012.25, "trend": 0.640999, "fair_value": 13.105331, "relative_strength": -5.1339, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.366807, "energy": 21.14942, "activity_lines": [ 0.697252, 0.650687, 0.632963, 0.648086 ] }, { "date": "2024-05-17", "close": 0.56085, "volume": 5335568, "typical_volume": 10076660.6, "trend": 0.651917, "fair_value": 12.860523, "relative_strength": -13.50593, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.509957, "energy": 6.825876, "activity_lines": [ 0.651956, 0.641621, 0.624563, 0.642915 ] }, { "date": "2024-05-24", "close": 0.539992, "volume": 7224876, "typical_volume": 8248486.95, "trend": 0.663003, "fair_value": 12.619718, "relative_strength": -16.621145, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.736274, "energy": 17.857167, "activity_lines": [ 0.605991, 0.627343, 0.614765, 0.635694 ] }, { "date": "2024-05-31", "close": 0.552352, "volume": 1388130, "typical_volume": 7686798.45, "trend": 0.674102, "fair_value": 12.392319, "relative_strength": -13.401971, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.789833, "energy": 24.686057, "activity_lines": [ 0.573313, 0.615917, 0.607637, 0.628555 ] }, { "date": "2024-06-07", "close": 0.56085, "volume": 1153789, "typical_volume": 7447913.6, "trend": 0.662282, "fair_value": 12.161529, "relative_strength": -11.65089, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.563312, "energy": 26.473983, "activity_lines": [ 0.559562, 0.605333, 0.602147, 0.621249 ] }, { "date": "2024-06-14", "close": 0.632694, "volume": 4235660, "typical_volume": 7266388.8, "trend": 0.648415, "fair_value": 11.933496, "relative_strength": 2.695728, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.833324, "energy": 23.470623, "activity_lines": [ 0.580317, 0.607222, 0.6044, 0.61934 ] }, { "date": "2024-06-21", "close": 0.679818, "volume": 2975401, "typical_volume": 7210789.15, "trend": 0.639402, "fair_value": 11.708064, "relative_strength": 10.086607, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.669896, "energy": 5.388113, "activity_lines": [ 0.617141, 0.615727, 0.611483, 0.621366 ] }, { "date": "2024-06-28", "close": 0.621879, "volume": 8478023, "typical_volume": 7403100.9, "trend": 0.637548, "fair_value": 11.484558, "relative_strength": 1.159128, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.741147, "energy": 8.45327, "activity_lines": [ 0.62672, 0.613248, 0.613063, 0.620235 ] }, { "date": "2024-07-05", "close": 0.65587, "volume": 4514499, "typical_volume": 7432094.4, "trend": 0.636261, "fair_value": 11.264717, "relative_strength": 7.686129, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.456254, "energy": 8.063172, "activity_lines": [ 0.642171, 0.61796, 0.61788, 0.621417 ] }, { "date": "2024-07-12", "close": 0.618016, "volume": 3102110, "typical_volume": 7431826.7, "trend": 0.63657, "fair_value": 11.060489, "relative_strength": -1.423926, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.370742, "energy": 6.496693, "activity_lines": [ 0.638102, 0.618297, 0.619214, 0.62024 ] }, { "date": "2024-07-19", "close": 0.614154, "volume": 1380926, "typical_volume": 7364397.0, "trend": 0.633918, "fair_value": 10.824525, "relative_strength": 0.024992, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.287517, "energy": 7.969235, "activity_lines": [ 0.628935, 0.619772, 0.620191, 0.618794 ] }, { "date": "2024-07-26", "close": 0.633467, "volume": 1849372, "typical_volume": 7333381.9, "trend": 0.632218, "fair_value": 10.5942, "relative_strength": 2.487253, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.170268, "energy": 3.620746, "activity_lines": [ 0.627441, 0.625194, 0.622694, 0.618765 ] }, { "date": "2024-08-02", "close": 1.060285, "volume": 76223998, "typical_volume": 10678707.05, "trend": 0.639106, "fair_value": 10.370057, "relative_strength": 76.225529, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.344368, "energy": 65.986335, "activity_lines": [ 0.77131, 0.706899, 0.665129, 0.646382 ] }, { "date": "2024-08-09", "close": 0.590978, "volume": 24419553, "typical_volume": 11709519.75, "trend": 0.6346, "fair_value": 10.144745, "relative_strength": -1.583141, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.19194, "energy": 39.873265, "activity_lines": [ 0.729517, 0.693815, 0.660549, 0.643277 ] }, { "date": "2024-08-16", "close": 0.824189, "volume": 27350844, "typical_volume": 12944665.5, "trend": 0.637069, "fair_value": 9.902774, "relative_strength": 32.046701, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.445684, "energy": 43.585065, "activity_lines": [ 0.769787, 0.722431, 0.677812, 0.655509 ] }, { "date": "2024-08-23", "close": 0.752656, "volume": 9681852, "typical_volume": 13370066.0, "trend": 0.638673, "fair_value": 9.635297, "relative_strength": 18.336731, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.809025, "energy": 41.667601, "activity_lines": [ 0.772467, 0.733253, 0.686854, 0.662966 ] }, { "date": "2024-08-30", "close": 0.681122, "volume": 6035767, "typical_volume": 10871028.55, "trend": 0.638613, "fair_value": 9.320255, "relative_strength": 4.72709, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.847863, "energy": 18.369158, "activity_lines": [ 0.742069, 0.728887, 0.688, 0.665705 ] }, { "date": "2024-09-06", "close": 0.635248, "volume": 6017015, "typical_volume": 11000463.4, "trend": 0.639059, "fair_value": 9.032034, "relative_strength": 1.176233, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.715203, "energy": 11.783542, "activity_lines": [ 0.693203, 0.716158, 0.684653, 0.665487 ] }, { "date": "2024-09-13", "close": 0.62514, "volume": 4868933, "typical_volume": 10336579.6, "trend": 0.637185, "fair_value": 8.760753, "relative_strength": -2.99958, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.430184, "energy": 11.167841, "activity_lines": [ 0.669304, 0.701347, 0.680545, 0.664589 ] }, { "date": "2024-09-20", "close": 0.711446, "volume": 23240357, "typical_volume": 11079113.9, "trend": 0.640222, "fair_value": 8.485429, "relative_strength": 7.022568, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.781787, "energy": 13.456158, "activity_lines": [ 0.671896, 0.702787, 0.685459, 0.66938 ] }, { "date": "2024-09-27", "close": 0.426868, "volume": 50209022, "typical_volume": 13484284.75, "trend": 0.636168, "fair_value": 8.200009, "relative_strength": -37.371887, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.759367, "energy": 15.39004, "activity_lines": [ 0.587144, 0.650787, 0.663308, 0.655616 ] }, { "date": "2024-10-04", "close": 0.454081, "volume": 36018935, "typical_volume": 15018453.1, "trend": 0.63521, "fair_value": 7.933835, "relative_strength": -32.69952, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.053963, "energy": 24.768644, "activity_lines": [ 0.533183, 0.60714, 0.644755, 0.643868 ] }, { "date": "2024-10-11", "close": 0.513174, "volume": 94311670, "typical_volume": 19372792.8, "trend": 0.633209, "fair_value": 7.650347, "relative_strength": -23.922247, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.140906, "energy": 29.642807, "activity_lines": [ 0.514055, 0.577499, 0.632337, 0.635995 ] }, { "date": "2024-10-18", "close": 0.489848, "volume": 11526201, "typical_volume": 19879696.35, "trend": 0.632413, "fair_value": 7.3759, "relative_strength": -27.94348, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.73791, "energy": 43.018926, "activity_lines": [ 0.495291, 0.553564, 0.617826, 0.626746 ] }, { "date": "2024-10-25", "close": 0.505399, "volume": 23277697, "typical_volume": 20985891.75, "trend": 0.631646, "fair_value": 7.106609, "relative_strength": -26.106481, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.823194, "energy": 34.467884, "activity_lines": [ 0.490729, 0.534295, 0.605094, 0.618551 ] }, { "date": "2024-11-01", "close": 0.475075, "volume": 12921124, "typical_volume": 21420164.95, "trend": 0.629971, "fair_value": 6.849991, "relative_strength": -30.00926, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.870985, "energy": 31.544913, "activity_lines": [ 0.489796, 0.515309, 0.589738, 0.60845 ] }, { "date": "2024-11-08", "close": 0.485961, "volume": 10498412, "typical_volume": 21796315.5, "trend": 0.624333, "fair_value": 6.612516, "relative_strength": -27.166624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.196429, "energy": 31.299743, "activity_lines": [ 0.489278, 0.503349, 0.576169, 0.599159 ] }, { "date": "2024-11-15", "close": 0.47041, "volume": 14468362, "typical_volume": 22095832.45, "trend": 0.61743, "fair_value": 6.377699, "relative_strength": -26.559942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.248581, "energy": 45.659803, "activity_lines": [ 0.481451, 0.49211, 0.562042, 0.589229 ] }, { "date": "2024-11-22", "close": 0.462634, "volume": 8450979, "typical_volume": 22292656.45, "trend": 0.606393, "fair_value": 6.159262, "relative_strength": -26.551433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.536394, "energy": 50.092905, "activity_lines": [ 0.473883, 0.482455, 0.547895, 0.579242 ] }, { "date": "2024-11-29", "close": 0.657796, "volume": 27245486, "typical_volume": 23499825.25, "trend": 0.604345, "fair_value": 5.979991, "relative_strength": 4.760149, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.960734, "energy": 17.493423, "activity_lines": [ 0.533183, 0.511237, 0.553256, 0.582558 ] }, { "date": "2024-12-06", "close": 0.629805, "volume": 61770083, "typical_volume": 26519283.1, "trend": 0.604069, "fair_value": 5.814673, "relative_strength": -3.107803, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.364706, "energy": 14.711558, "activity_lines": [ 0.572993, 0.535907, 0.555762, 0.584201 ] }, { "date": "2024-12-13", "close": 0.505399, "volume": 71754882, "typical_volume": 30014558.6, "trend": 0.60222, "fair_value": 5.659932, "relative_strength": -20.130554, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.598911, "energy": 18.752706, "activity_lines": [ 0.561019, 0.534267, 0.546345, 0.577835 ] }, { "date": "2024-12-20", "close": 0.504621, "volume": 22120470, "typical_volume": 27309382.2, "trend": 0.601041, "fair_value": 5.500475, "relative_strength": -17.054411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.734888, "energy": 20.271868, "activity_lines": [ 0.547489, 0.531552, 0.537463, 0.571538 ] }, { "date": "2024-12-27", "close": 0.487516, "volume": 5559407, "typical_volume": 26366374.9, "trend": 0.59888, "fair_value": 5.331258, "relative_strength": -19.80379, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.154467, "energy": 20.077439, "activity_lines": [ 0.525978, 0.525884, 0.529599, 0.564214 ] }, { "date": "2025-01-03", "close": 0.419092, "volume": 15185405, "typical_volume": 25758102.95, "trend": 0.594155, "fair_value": 5.17401, "relative_strength": -30.557731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.603403, "energy": 51.286778, "activity_lines": [ 0.479999, 0.507816, 0.515711, 0.552615 ] }, { "date": "2025-01-10", "close": 0.382159, "volume": 8787871, "typical_volume": 25713403.9, "trend": 0.585804, "fair_value": 5.030084, "relative_strength": -36.185539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.87627, "energy": 67.082946, "activity_lines": [ 0.437623, 0.484603, 0.500234, 0.538938 ] }, { "date": "2025-01-17", "close": 0.363498, "volume": 19447153, "typical_volume": 26383973.2, "trend": 0.57526, "fair_value": 4.91074, "relative_strength": -40.570786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.263981, "energy": 72.594525, "activity_lines": [ 0.405537, 0.459687, 0.484744, 0.524595 ] }, { "date": "2025-01-24", "close": 0.365442, "volume": 16053307, "typical_volume": 26885787.8, "trend": 0.566712, "fair_value": 4.789685, "relative_strength": -40.640436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.45511, "energy": 73.707971, "activity_lines": [ 0.383559, 0.43735, 0.470952, 0.511059 ] }, { "date": "2025-01-31", "close": 0.349891, "volume": 20717173, "typical_volume": 27678199.8, "trend": 0.556512, "fair_value": 4.671748, "relative_strength": -42.428033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.428149, "energy": 72.861492, "activity_lines": [ 0.365675, 0.414095, 0.456964, 0.49707 ] }, { "date": "2025-02-07", "close": 0.35339, "volume": 14121406, "typical_volume": 27222252.25, "trend": 0.547691, "fair_value": 4.563484, "relative_strength": -40.518418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.207634, "energy": 63.781364, "activity_lines": [ 0.358133, 0.393525, 0.444619, 0.483966 ] }, { "date": "2025-02-14", "close": 0.334341, "volume": 12281438, "typical_volume": 25325873.05, "trend": 0.538364, "fair_value": 4.486625, "relative_strength": -44.567446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.440152, "energy": 57.57171, "activity_lines": [ 0.348621, 0.375027, 0.432166, 0.470201 ] }, { "date": "2025-02-21", "close": 0.326177, "volume": 15319477, "typical_volume": 24290900.15, "trend": 0.528121, "fair_value": 4.413253, "relative_strength": -45.427201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.598515, "energy": 49.810049, "activity_lines": [ 0.339576, 0.360416, 0.419375, 0.456511 ] }, { "date": "2025-02-28", "close": 0.318012, "volume": 27598233, "typical_volume": 20955228.3, "trend": 0.503379, "fair_value": 4.346768, "relative_strength": -46.302428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.544205, "energy": 53.163796, "activity_lines": [ 0.330297, 0.34758, 0.406416, 0.442956 ] }, { "date": "2025-03-07", "close": 0.296241, "volume": 19751321, "typical_volume": 21366484.3, "trend": 0.493554, "fair_value": 4.272791, "relative_strength": -49.680374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.799433, "energy": 70.853071, "activity_lines": [ 0.316924, 0.334178, 0.392313, 0.429592 ] }, { "date": "2025-03-14", "close": 0.279913, "volume": 25219228, "typical_volume": 21463560.85, "trend": 0.475412, "fair_value": 4.180647, "relative_strength": -51.092319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.785885, "energy": 87.528531, "activity_lines": [ 0.301684, 0.321285, 0.377577, 0.415809 ] }, { "date": "2025-03-21", "close": 0.25892, "volume": 46862124, "typical_volume": 23160610.85, "trend": 0.458954, "fair_value": 4.099168, "relative_strength": -53.410385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.005284, "energy": 88.150058, "activity_lines": [ 0.284345, 0.307106, 0.361915, 0.401842 ] }, { "date": "2025-03-28", "close": 0.209546, "volume": 28720401, "typical_volume": 24071710.3, "trend": 0.443235, "fair_value": 4.008228, "relative_strength": -60.551803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.47844, "energy": 92.272266, "activity_lines": [ 0.255576, 0.28619, 0.342581, 0.385751 ] }, { "date": "2025-04-04", "close": 0.221209, "volume": 14661239, "typical_volume": 24081354.15, "trend": 0.429433, "fair_value": 3.916949, "relative_strength": -53.218911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.048868, "energy": 89.590232, "activity_lines": [ 0.23847, 0.270194, 0.325673, 0.371427 ] }, { "date": "2025-04-11", "close": 0.196717, "volume": 13878151, "typical_volume": 24352712.75, "trend": 0.415153, "fair_value": 3.828591, "relative_strength": -57.531298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.854039, "energy": 87.730713, "activity_lines": [ 0.219654, 0.252367, 0.307619, 0.356413 ] }, { "date": "2025-04-18", "close": 0.19866, "volume": 10907573, "typical_volume": 23535817.1, "trend": 0.39806, "fair_value": 3.75192, "relative_strength": -57.787427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.977668, "energy": 86.811561, "activity_lines": [ 0.20812, 0.237679, 0.291017, 0.342445 ] }, { "date": "2025-04-25", "close": 0.213045, "volume": 8350752, "typical_volume": 20864850.55, "trend": 0.390932, "fair_value": 3.678834, "relative_strength": -55.100543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.329686, "energy": 76.993942, "activity_lines": [ 0.206799, 0.228419, 0.277971, 0.330509 ] }, { "date": "2025-05-02", "close": 0.213822, "volume": 6339810, "typical_volume": 17594096.95, "trend": 0.382924, "fair_value": 3.594906, "relative_strength": -54.7132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.212694, "energy": 64.099639, "activity_lines": [ 0.208794, 0.221506, 0.266984, 0.319083 ] }, { "date": "2025-05-09", "close": 0.309459, "volume": 60900016, "typical_volume": 19533074.25, "trend": 0.376133, "fair_value": 3.519405, "relative_strength": -33.315495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.279209, "energy": 41.420836, "activity_lines": [ 0.242384, 0.234024, 0.266493, 0.314343 ] }, { "date": "2025-05-16", "close": 0.278358, "volume": 39025926, "typical_volume": 21206400.2, "trend": 0.369084, "fair_value": 3.436902, "relative_strength": -41.630323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.686319, "energy": 25.537393, "activity_lines": [ 0.259723, 0.241043, 0.26397, 0.308035 ] }, { "date": "2025-05-23", "close": 0.264751, "volume": 11056674, "typical_volume": 20999963.65, "trend": 0.361062, "fair_value": 3.332896, "relative_strength": -42.455624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.623756, "energy": 25.105425, "activity_lines": [ 0.267084, 0.245913, 0.261147, 0.301304 ] }, { "date": "2025-05-30", "close": 0.297796, "volume": 10208929, "typical_volume": 21071016.55, "trend": 0.355153, "fair_value": 3.247209, "relative_strength": -35.07611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.771962, "energy": 25.710159, "activity_lines": [ 0.281053, 0.257067, 0.262205, 0.297222 ] }, { "date": "2025-06-06", "close": 0.377494, "volume": 26562647, "typical_volume": 21426791.25, "trend": 0.351537, "fair_value": 3.15137, "relative_strength": -17.982238, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 16.724095, "energy": 26.234464, "activity_lines": [ 0.315939, 0.282005, 0.271256, 0.298663 ] }, { "date": "2025-06-13", "close": 0.333174, "volume": 20180383, "typical_volume": 21633145.05, "trend": 0.346963, "fair_value": 3.063199, "relative_strength": -24.907451, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.259448, "energy": 23.1549, "activity_lines": [ 0.32514, 0.295831, 0.27602, 0.297479 ] }, { "date": "2025-06-20", "close": 0.359611, "volume": 8980423, "typical_volume": 21046307.55, "trend": 0.343528, "fair_value": 2.966694, "relative_strength": -17.505354, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.401832, "energy": 37.703185, "activity_lines": [ 0.341572, 0.312428, 0.283454, 0.298295 ] }, { "date": "2025-06-27", "close": 0.309071, "volume": 12991224, "typical_volume": 20989798.45, "trend": 0.331904, "fair_value": 2.898176, "relative_strength": -29.870503, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.437642, "energy": 42.770987, "activity_lines": [ 0.33574, 0.316874, 0.28603, 0.296072 ] }, { "date": "2025-07-04", "close": 0.429978, "volume": 42534368, "typical_volume": 22502444.95, "trend": 0.325243, "fair_value": 2.828548, "relative_strength": -1.765599, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.072665, "energy": 53.226383, "activity_lines": [ 0.367257, 0.341296, 0.300331, 0.302399 ] }, { "date": "2025-07-11", "close": 0.355334, "volume": 21602374, "typical_volume": 22816589.8, "trend": 0.320241, "fair_value": 2.759085, "relative_strength": -19.004145, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.428537, "energy": 34.761704, "activity_lines": [ 0.365079, 0.348202, 0.307068, 0.30434 ] }, { "date": "2025-07-18", "close": 0.337062, "volume": 9186017, "typical_volume": 21895979.0, "trend": 0.314656, "fair_value": 2.680865, "relative_strength": -22.295134, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.35227, "energy": 26.007275, "activity_lines": [ 0.358289, 0.349213, 0.311925, 0.305425 ] }, { "date": "2025-07-25", "close": 0.394989, "volume": 24793733, "typical_volume": 22148099.6, "trend": 0.311572, "fair_value": 2.608026, "relative_strength": -10.068433, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.682309, "energy": 32.387318, "activity_lines": [ 0.370548, 0.360254, 0.322209, 0.310608 ] }, { "date": "2025-08-01", "close": 0.489071, "volume": 85758102, "typical_volume": 25175043.3, "trend": 0.313904, "fair_value": 2.5226, "relative_strength": 17.729544, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.106547, "energy": 48.69175, "activity_lines": [ 0.41181, 0.38628, 0.340983, 0.32206 ] }, { "date": "2025-08-08", "close": 0.466522, "volume": 18331634, "typical_volume": 23748518.8, "trend": 0.316716, "fair_value": 2.431377, "relative_strength": 10.097392, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.406211, "energy": 64.712911, "activity_lines": [ 0.433555, 0.404128, 0.356613, 0.331906 ] }, { "date": "2025-08-15", "close": 0.431533, "volume": 10056751, "typical_volume": 22815336.3, "trend": 0.318984, "fair_value": 2.347834, "relative_strength": 2.343469, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.376567, "energy": 66.734194, "activity_lines": [ 0.4412, 0.412547, 0.367923, 0.339314 ] }, { "date": "2025-08-22", "close": 0.544276, "volume": 74534843, "typical_volume": 25809016.5, "trend": 0.324945, "fair_value": 2.274665, "relative_strength": 28.162371, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.268904, "energy": 76.803379, "activity_lines": [ 0.481347, 0.440482, 0.388913, 0.353849 ] }, { "date": "2025-08-29", "close": 0.463412, "volume": 131503741, "typical_volume": 31690296.0, "trend": 0.328729, "fair_value": 2.21095, "relative_strength": 12.947679, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.93303, "energy": 45.195968, "activity_lines": [ 0.480725, 0.449876, 0.400663, 0.362782 ] }, { "date": "2025-09-05", "close": 0.500734, "volume": 137873855, "typical_volume": 38038610.1, "trend": 0.333641, "fair_value": 2.148302, "relative_strength": 22.990127, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.52427, "energy": 41.289224, "activity_lines": [ 0.487982, 0.464168, 0.414697, 0.373879 ] }, { "date": "2025-09-12", "close": 0.493736, "volume": 39570076, "typical_volume": 39599576.3, "trend": 0.338954, "fair_value": 2.087126, "relative_strength": 21.781569, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.903946, "energy": 39.822448, "activity_lines": [ 0.492129, 0.473704, 0.426627, 0.384208 ] }, { "date": "2025-09-19", "close": 0.420647, "volume": 40759861, "typical_volume": 41320578.85, "trend": 0.342103, "fair_value": 2.024792, "relative_strength": 4.85204, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.080147, "energy": 28.448617, "activity_lines": [ 0.470099, 0.468791, 0.430259, 0.389478 ] }, { "date": "2025-09-26", "close": 0.368552, "volume": 56452725, "typical_volume": 41098214.3, "trend": 0.343788, "fair_value": 1.949991, "relative_strength": -7.80995, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.145667, "energy": 15.196065, "activity_lines": [ 0.431429, 0.453219, 0.427945, 0.391185 ] }, { "date": "2025-10-03", "close": 0.3955, "volume": 29051052, "typical_volume": 40599470.6, "trend": 0.347096, "fair_value": 1.870491, "relative_strength": -3.766273, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.863236, "energy": 16.944922, "activity_lines": [ 0.413457, 0.441974, 0.427916, 0.394521 ] }, { "date": "2025-10-10", "close": 0.3485, "volume": 22350328, "typical_volume": 41164153.3, "trend": 0.349383, "fair_value": 1.782004, "relative_strength": -13.764436, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.38546, "energy": 13.557262, "activity_lines": [ 0.384346, 0.422174, 0.422853, 0.394611 ] }, { "date": "2025-10-17", "close": 0.334, "volume": 20664380, "typical_volume": 41686925.85, "trend": 0.351885, "fair_value": 1.70165, "relative_strength": -16.464316, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.04312, "energy": 14.984121, "activity_lines": [ 0.36055, 0.402294, 0.41601, 0.393619 ] }, { "date": "2025-10-24", "close": 0.325, "volume": 34331215, "typical_volume": 42075354.25, "trend": 0.355734, "fair_value": 1.623537, "relative_strength": -20.398446, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.892853, "energy": 23.050086, "activity_lines": [ 0.344403, 0.383187, 0.408138, 0.391884 ] }, { "date": "2025-10-31", "close": 0.318, "volume": 21954119, "typical_volume": 42164041.05, "trend": 0.35896, "fair_value": 1.546803, "relative_strength": -20.818598, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.73791, "energy": 32.846127, "activity_lines": [ 0.3323, 0.364744, 0.399849, 0.38945 ] }, { "date": "2025-11-07", "close": 0.3265, "volume": 10478354, "typical_volume": 42238937.6, "trend": 0.363286, "fair_value": 1.474674, "relative_strength": -16.916285, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.54152, "energy": 32.239539, "activity_lines": [ 0.3264, 0.351961, 0.392442, 0.387356 ] }, { "date": "2025-11-14", "close": 0.316, "volume": 26607858, "typical_volume": 42919769.3, "trend": 0.367198, "fair_value": 1.400777, "relative_strength": -19.504652, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.695051, "energy": 28.428082, "activity_lines": [ 0.3216, 0.339758, 0.384192, 0.384305 ] }, { "date": "2025-11-21", "close": 0.26, "volume": 32549175, "typical_volume": 42420509.65, "trend": 0.368763, "fair_value": 1.321787, "relative_strength": -31.541365, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.577948, "energy": 38.85485, "activity_lines": [ 0.3003, 0.320732, 0.370576, 0.377389 ] }, { "date": "2025-11-28", "close": 0.301, "volume": 75540552, "typical_volume": 45117418.55, "trend": 0.371669, "fair_value": 1.23874, "relative_strength": -21.612947, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.710627, "energy": 39.503186, "activity_lines": [ 0.2976, 0.31341, 0.361674, 0.373017 ] }, { "date": "2025-12-05", "close": 0.291, "volume": 29959990, "typical_volume": 46156117.2, "trend": 0.371053, "fair_value": 1.170658, "relative_strength": -23.790864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.744584, "energy": 59.249607, "activity_lines": [ 0.293167, 0.306445, 0.352079, 0.367813 ] }, { "date": "2025-12-12", "close": 0.2595, "volume": 26838095, "typical_volume": 46258335.3, "trend": 0.370425, "fair_value": 1.105728, "relative_strength": -30.864715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.523415, "energy": 67.035501, "activity_lines": [ 0.280033, 0.295164, 0.339703, 0.360616 ] }, { "date": "2025-12-19", "close": 0.2205, "volume": 45757326, "typical_volume": 44258296.5, "trend": 0.36895, "fair_value": 1.042341, "relative_strength": -40.589286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.658831, "energy": 74.801956, "activity_lines": [ 0.258367, 0.279264, 0.324258, 0.350943 ] }, { "date": "2025-12-26", "close": 0.229, "volume": 10005650, "typical_volume": 43841997.3, "trend": 0.366657, "fair_value": 0.983374, "relative_strength": -37.405014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.509669, "energy": 79.849882, "activity_lines": [ 0.2459, 0.267236, 0.310901, 0.341914 ] }, { "date": "2026-01-02", "close": 0.227, "volume": 10026335, "typical_volume": 43840476.5, "trend": 0.36164, "fair_value": 0.927381, "relative_strength": -37.822723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.564699, "energy": 84.641018, "activity_lines": [ 0.234833, 0.256755, 0.298485, 0.332904 ] }, { "date": "2026-01-09", "close": 0.224, "volume": 13544150, "typical_volume": 40790941.85, "trend": 0.358001, "fair_value": 0.871416, "relative_strength": -39.876582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.340257, "energy": 86.354375, "activity_lines": [ 0.2277, 0.247509, 0.286757, 0.324024 ] }, { "date": "2026-01-16", "close": 0.2015, "volume": 28656045, "typical_volume": 35648557.05, "trend": 0.352731, "fair_value": 0.81526, "relative_strength": -46.466921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.550912, "energy": 86.472583, "activity_lines": [ 0.217533, 0.235882, 0.274411, 0.313927 ] }, { "date": "2026-01-23", "close": 0.2035, "volume": 57794102, "typical_volume": 31644569.4, "trend": 0.349212, "fair_value": 0.760541, "relative_strength": -44.885286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.656091, "energy": 82.368469, "activity_lines": [ 0.2119, 0.226891, 0.263503, 0.3043 ] }, { "date": "2026-01-30", "close": 0.197, "volume": 27964096, "typical_volume": 31064270.4, "trend": 0.341446, "fair_value": 0.710975, "relative_strength": -46.318317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.544885, "energy": 72.629514, "activity_lines": [ 0.205233, 0.218764, 0.253392, 0.294479 ] }, { "date": "2026-02-06", "close": 0.1872, "volume": 25925579, "typical_volume": 30322556.3, "trend": 0.335841, "fair_value": 0.662724, "relative_strength": -49.936849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.913785, "energy": 66.65404, "activity_lines": [ 0.197433, 0.21, 0.24376, 0.284528 ] }, { "date": "2026-02-13", "close": 0.1788, "volume": 14151067, "typical_volume": 28207473.4, "trend": 0.330566, "fair_value": 0.620853, "relative_strength": -51.662707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.017037, "energy": 73.678373, "activity_lines": [ 0.189487, 0.201778, 0.23444, 0.274396 ] }, { "date": "2026-02-20", "close": 0.1746, "volume": 16880402, "typical_volume": 27598940.9, "trend": 0.323219, "fair_value": 0.604256, "relative_strength": -53.206958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.544088, "energy": 77.400262, "activity_lines": [ 0.183153, 0.194833, 0.225623, 0.264334 ] }, { "date": "2026-02-27", "close": 0.2175, "volume": 95514750, "typical_volume": 31257162.0, "trend": 0.314167, "fair_value": 0.587703, "relative_strength": -42.006662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.574731, "energy": 57.920266, "activity_lines": [ 0.192913, 0.197231, 0.221944, 0.257514 ] }, { "date": "2026-03-06", "close": 0.1712, "volume": 31909423, "typical_volume": 31819414.15, "trend": 0.304323, "fair_value": 0.571268, "relative_strength": -51.163394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.018912, "energy": 58.93122, "activity_lines": [ 0.186307, 0.191265, 0.214479, 0.24829 ] }, { "date": "2026-03-13", "close": 0.1618, "volume": 20580828, "typical_volume": 31131894.8, "trend": 0.295332, "fair_value": 0.554692, "relative_strength": -53.145256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.958804, "energy": 60.85323, "activity_lines": [ 0.178287, 0.184642, 0.206894, 0.239095 ] }, { "date": "2026-03-20", "close": 0.1614, "volume": 20808552, "typical_volume": 31074616.45, "trend": 0.282569, "fair_value": 0.539137, "relative_strength": -50.396683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.238123, "energy": 61.877566, "activity_lines": [ 0.171827, 0.179131, 0.200049, 0.230454 ] }, { "date": "2026-03-27", "close": 0.1624, "volume": 42178443, "typical_volume": 32659620.9, "trend": 0.272536, "fair_value": 0.523836, "relative_strength": -49.857696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.882993, "energy": 60.715248, "activity_lines": [ 0.16686, 0.17494, 0.194044, 0.222701 ] }, { "date": "2026-04-03", "close": 0.189, "volume": 27837226, "typical_volume": 32721089.3, "trend": 0.262145, "fair_value": 0.508136, "relative_strength": -43.329364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.202803, "energy": 50.891291, "activity_lines": [ 0.171573, 0.176296, 0.191354, 0.217312 ] }, { "date": "2026-04-10", "close": 0.213, "volume": 31478826, "typical_volume": 32667571.85, "trend": 0.252787, "fair_value": 0.49524, "relative_strength": -38.907891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.468998, "energy": 31.334356, "activity_lines": [ 0.186187, 0.18228, 0.191554, 0.214141 ] }, { "date": "2026-04-17", "close": 0.235, "volume": 32916553, "typical_volume": 30536371.9, "trend": 0.246598, "fair_value": 0.48522, "relative_strength": -34.009145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.5883, "energy": 15.792739, "activity_lines": [ 0.205347, 0.191973, 0.194074, 0.212994 ] }, { "date": "2026-04-24", "close": 0.2025, "volume": 27048703, "typical_volume": 30390807.55, "trend": 0.241063, "fair_value": 0.475871, "relative_strength": -41.423022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.623342, "energy": 19.163979, "activity_lines": [ 0.208793, 0.194887, 0.193812, 0.210149 ] }, { "date": "2026-05-01", "close": 0.203, "volume": 19865814, "typical_volume": 30042193.5, "trend": 0.234647, "fair_value": 0.466588, "relative_strength": -40.288414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.699551, "energy": 18.220526, "activity_lines": [ 0.209667, 0.197462, 0.19402, 0.207693 ] }, { "date": "2026-05-08", "close": 0.1968, "volume": 67216403, "typical_volume": 31115147.35, "trend": 0.22959, "fair_value": 0.459443, "relative_strength": -41.731909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.904203, "energy": 12.617945, "activity_lines": [ 0.205767, 0.198393, 0.193906, 0.205251 ] }, { "date": "2026-05-15", "close": 0.1892, "volume": 15193424, "typical_volume": 31374536.05, "trend": 0.224763, "fair_value": 0.452324, "relative_strength": -42.823529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.118048, "energy": 11.594314, "activity_lines": [ 0.198813, 0.198318, 0.193181, 0.202645 ] }, { "date": "2026-05-22", "close": 0.1942, "volume": 16967251, "typical_volume": 31721581.85, "trend": 0.220403, "fair_value": 0.448741, "relative_strength": -42.904805, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.749818, "energy": 15.425467, "activity_lines": [ 0.195113, 0.198825, 0.193122, 0.200674 ] }, { "date": "2026-05-29", "close": 0.201, "volume": 20996749, "typical_volume": 32094211.8, "trend": 0.216503, "fair_value": 0.445513, "relative_strength": -40.166096, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.443717, "energy": 14.934447, "activity_lines": [ 0.1964, 0.19998, 0.193867, 0.199422 ] }, { "date": "2026-06-05", "close": 0.1872, "volume": 3599712, "typical_volume": 30841395.15, "trend": 0.21186, "fair_value": 0.441278, "relative_strength": -42.967834, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.670169, "energy": 17.942489, "activity_lines": [ 0.193187, 0.197905, 0.193407, 0.197531 ] }, { "date": "2026-06-12", "close": 0.1796, "volume": 1817202, "typical_volume": 28042550.15, "trend": 0.207313, "fair_value": 0.437626, "relative_strength": -44.444596, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.671653, "energy": 20.661106, "activity_lines": [ 0.188493, 0.193998, 0.192291, 0.19545 ] }, { "date": "2026-06-19", "close": 0.1918, "volume": 22024309, "typical_volume": 27745560.8, "trend": 0.20504, "fair_value": 0.434641, "relative_strength": -40.937858, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.871938, "energy": 16.729931, "activity_lines": [ 0.189013, 0.19248, 0.192451, 0.194449 ] }, { "date": "2026-06-26", "close": 0.189, "volume": 3506020, "typical_volume": 26624582.85, "trend": 0.201307, "fair_value": 0.431747, "relative_strength": -40.62859, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.475699, "energy": 20.93725, "activity_lines": [ 0.188427, 0.190838, 0.19237, 0.193414 ] }, { "date": "2026-07-03", "close": 0.194, "volume": 1000987, "typical_volume": 25967078.85, "trend": 0.198073, "fair_value": 0.428534, "relative_strength": -39.529214, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.238709, "energy": 17.701564, "activity_lines": [ 0.189853, 0.190942, 0.192755, 0.192943 ] }, { "date": "2026-07-10", "close": 0.1976, "volume": 10665702, "typical_volume": 25656343.85, "trend": 0.19601, "fair_value": 0.426483, "relative_strength": -36.101776, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.050447, "energy": 5.934468, "activity_lines": [ 0.192947, 0.191855, 0.193411, 0.192912 ] }, { "date": "2026-07-17", "close": 0.1848, "volume": 6638849, "typical_volume": 21212548.8, "trend": 0.19482, "fair_value": 0.424647, "relative_strength": -38.764298, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.164163, "energy": 9.637214, "activity_lines": [ 0.19108, 0.190538, 0.192739, 0.192189 ] }, { "date": "2026-07-24", "close": 0.175, "volume": 8267661, "typical_volume": 20030460.7, "trend": 0.19302, "fair_value": 0.422847, "relative_strength": -41.83669, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.880837, "energy": 22.298891, "activity_lines": [ 0.1856, 0.187658, 0.191289, 0.19091 ] }, { "date": "2026-07-31", "close": 0.1796, "volume": 9737716, "typical_volume": 19488305.1, "trend": 0.19144, "fair_value": 0.421002, "relative_strength": -39.47266, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.352674, "energy": 30.339289, "activity_lines": [ 0.182773, 0.185873, 0.190259, 0.190045 ] }, { "date": "2026-08-07", "close": 0.1658, "volume": 18104026, "typical_volume": 19353078.8, "trend": 0.1895, "fair_value": 0.41893, "relative_strength": -43.696584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.213688, "energy": 56.38108, "activity_lines": [ 0.175973, 0.181844, 0.18783, 0.18839 ] } ], "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." } } }