{ "ticker": { "uuid": "f3e49351-376d-40c3-b209-61e64640659f", "symbol": "900929", "name": "Shanghai Jinjiang International Travel Co., Ltd.", "exchange": "SHH", "country": "CN", "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": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -30.954, "architecture_energy": 29.55, "architecture_maturity": 96.681, "architecture_confidence": 77.286, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 34.95, "rotation_up": 34.41, "upward_expansion": 25.75, "deceleration": 44.1, "rotation_down": 19.44, "downward_expansion": 57.42 }, "activity_lines": [ 0.955133, 0.936964, 0.94649, 0.984443 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 0.987, "trend_reference": 1.0346, "distance_from_trend": -0.046008, "trend_direction": "Weakening", "fair_value": 1.161521, "distance_from_fair_value": -0.150252, "fair_value_direction": "Improving", "relative_strength": -11.482034, "relative_strength_direction": "Improving", "price_momentum": -0.142485, "excess_performance": -0.099281, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.046008, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.075535, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.150252, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.030362, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.11482, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.131467, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.142485, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.874032, "read": "Supply-led" } ], "volume": { "latest": 422400, "relative_activity": 1.680294, "balance": 0.874032, "dry_up": 1.008614, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.031174, "annualized_volatility": 0.225564, "from_high_reference": -0.257336, "from_low_reference": 0.120318 }, "levels": { "trend_reference": 1.0346, "fair_value_reference": 1.161521, "structural_low": 0.881, "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": 32, "median_return": -0.000895, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.011801, "regime_survival": 0.6875, "best_return": 0.183847, "worst_return": -0.16395, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.017445, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.032441, "regime_survival": 0.5, "best_return": 0.232026, "worst_return": -0.222402, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.028567, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.057527, "regime_survival": 0.5, "best_return": 0.380175, "worst_return": -0.22759, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.027289, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.03834, "regime_survival": 0.5, "best_return": 0.070426, "worst_return": -0.164271, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-10-04", "tenure": "New", "return": 0.188099, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-11-01", "tenure": "New", "return": 0.173221, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2025-01-03", "tenure": "Developing", "return": -0.134233, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-04-18", "tenure": "Established", "return": -0.007383, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-13", "tenure": "Developing", "return": 0.024146, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-06-27", "tenure": "New", "return": 0.015588, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.011339, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-10-24", "tenure": "Established", "return": -0.001597, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": -0.023108, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.056845, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.026361, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-03-06", "tenure": "Developing", "return": 0.044092, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": -0.04918, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.08186, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 1.523502, "volume": 814700, "typical_volume": 351892.15, "trend": 1.489637, "fair_value": 1.46528, "relative_strength": 3.345997, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.88786, "energy": 17.557256, "activity_lines": [ 1.46663, 1.443275, 1.462024, 1.479029 ] }, { "date": "2023-08-04", "close": 1.528375, "volume": 454060, "typical_volume": 357560.15, "trend": 1.493168, "fair_value": 1.465234, "relative_strength": 3.168401, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.745822, "energy": 19.861537, "activity_lines": [ 1.492758, 1.460032, 1.466632, 1.481529 ] }, { "date": "2023-08-11", "close": 1.482563, "volume": 272100, "typical_volume": 351672.95, "trend": 1.495238, "fair_value": 1.464808, "relative_strength": 3.066328, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.536374, "energy": 20.141922, "activity_lines": [ 1.494929, 1.46749, 1.466861, 1.480844 ] }, { "date": "2023-08-18", "close": 1.449422, "volume": 353736, "typical_volume": 350633.95, "trend": 1.496008, "fair_value": 1.464237, "relative_strength": 2.52291, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.522523, "energy": 20.026927, "activity_lines": [ 1.483408, 1.46813, 1.464013, 1.477889 ] }, { "date": "2023-08-25", "close": 1.370469, "volume": 309222, "typical_volume": 351020.0, "trend": 1.492489, "fair_value": 1.462948, "relative_strength": -0.942268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.014351, "energy": 29.469924, "activity_lines": [ 1.445198, 1.453818, 1.453842, 1.469789 ] }, { "date": "2023-09-01", "close": 1.308087, "volume": 670987, "typical_volume": 367604.85, "trend": 1.486924, "fair_value": 1.46174, "relative_strength": -7.447027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.928076, "energy": 68.973312, "activity_lines": [ 1.390939, 1.428329, 1.438279, 1.457892 ] }, { "date": "2023-09-08", "close": 1.345126, "volume": 255180, "typical_volume": 338673.8, "trend": 1.480126, "fair_value": 1.460376, "relative_strength": -4.286684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.278841, "energy": 74.692756, "activity_lines": [ 1.363386, 1.411282, 1.427289, 1.448744 ] }, { "date": "2023-09-15", "close": 1.349025, "volume": 388065, "typical_volume": 330104.75, "trend": 1.471898, "fair_value": 1.45895, "relative_strength": -3.994565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.494499, "energy": 76.12722, "activity_lines": [ 1.34935, 1.395906, 1.417758, 1.440286 ] }, { "date": "2023-09-22", "close": 1.369495, "volume": 105665, "typical_volume": 323893.4, "trend": 1.464191, "fair_value": 1.457331, "relative_strength": -3.012005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.038085, "energy": 71.54213, "activity_lines": [ 1.35104, 1.385959, 1.411273, 1.433679 ] }, { "date": "2023-09-29", "close": 1.42213, "volume": 331130, "typical_volume": 309112.3, "trend": 1.458238, "fair_value": 1.455426, "relative_strength": 1.398039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.097265, "energy": 36.940407, "activity_lines": [ 1.375603, 1.386933, 1.41066, 1.430966 ] }, { "date": "2023-10-13", "close": 1.332455, "volume": 182600, "typical_volume": 310447.3, "trend": 1.451893, "fair_value": 1.452684, "relative_strength": -4.278808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.024257, "energy": 37.930695, "activity_lines": [ 1.36683, 1.371958, 1.401949, 1.422851 ] }, { "date": "2023-10-20", "close": 1.272022, "volume": 147503, "typical_volume": 310123.0, "trend": 1.44347, "fair_value": 1.449773, "relative_strength": -5.417744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.342018, "energy": 46.393101, "activity_lines": [ 1.336289, 1.349468, 1.38824, 1.411246 ] }, { "date": "2023-10-27", "close": 1.335379, "volume": 279100, "typical_volume": 308113.6, "trend": 1.438003, "fair_value": 1.447549, "relative_strength": -1.930575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.383989, "energy": 38.488773, "activity_lines": [ 1.33174, 1.343159, 1.381532, 1.404273 ] }, { "date": "2023-11-03", "close": 1.293466, "volume": 115000, "typical_volume": 305253.6, "trend": 1.43143, "fair_value": 1.444875, "relative_strength": -5.40256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.266673, "energy": 60.36009, "activity_lines": [ 1.31413, 1.331906, 1.371326, 1.394948 ] }, { "date": "2023-11-10", "close": 1.268123, "volume": 241800, "typical_volume": 303883.6, "trend": 1.424176, "fair_value": 1.442157, "relative_strength": -7.460488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.757923, "energy": 66.958873, "activity_lines": [ 1.293141, 1.31888, 1.359293, 1.384412 ] }, { "date": "2023-11-17", "close": 1.29444, "volume": 130381, "typical_volume": 302422.65, "trend": 1.416402, "fair_value": 1.439926, "relative_strength": -5.962584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.327189, "energy": 51.973098, "activity_lines": [ 1.291191, 1.3125, 1.350296, 1.376042 ] }, { "date": "2023-11-24", "close": 1.292491, "volume": 154054, "typical_volume": 302760.35, "trend": 1.407037, "fair_value": 1.438007, "relative_strength": -5.60892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.646112, "energy": 50.244947, "activity_lines": [ 1.291126, 1.306013, 1.341626, 1.368047 ] }, { "date": "2023-12-01", "close": 1.284693, "volume": 107458, "typical_volume": 296713.25, "trend": 1.397217, "fair_value": 1.436673, "relative_strength": -5.815035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.024311, "energy": 43.145889, "activity_lines": [ 1.287097, 1.299066, 1.332716, 1.360154 ] }, { "date": "2023-12-08", "close": 1.263249, "volume": 132500, "typical_volume": 283868.25, "trend": 1.387657, "fair_value": 1.434261, "relative_strength": -5.422332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.876133, "energy": 45.694455, "activity_lines": [ 1.2793, 1.28939, 1.322517, 1.351511 ] }, { "date": "2023-12-15", "close": 1.225235, "volume": 180860, "typical_volume": 281305.05, "trend": 1.377999, "fair_value": 1.431462, "relative_strength": -7.364113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.376113, "energy": 57.881939, "activity_lines": [ 1.260845, 1.274733, 1.309558, 1.341032 ] }, { "date": "2023-12-22", "close": 1.190144, "volume": 172100, "typical_volume": 249175.05, "trend": 1.36795, "fair_value": 1.428662, "relative_strength": -9.011764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.253011, "energy": 75.442208, "activity_lines": [ 1.233552, 1.257277, 1.294287, 1.328913 ] }, { "date": "2023-12-29", "close": 1.159928, "volume": 296464, "typical_volume": 241295.25, "trend": 1.357446, "fair_value": 1.426086, "relative_strength": -12.89327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.211022, "energy": 84.229346, "activity_lines": [ 1.203141, 1.236914, 1.277726, 1.315492 ] }, { "date": "2024-01-05", "close": 1.138484, "volume": 184900, "typical_volume": 236935.25, "trend": 1.347429, "fair_value": 1.423416, "relative_strength": -12.934962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.204144, "energy": 90.284575, "activity_lines": [ 1.174419, 1.21469, 1.260877, 1.301365 ] }, { "date": "2024-01-12", "close": 1.169675, "volume": 375537, "typical_volume": 238025.3, "trend": 1.339199, "fair_value": 1.420971, "relative_strength": -8.870282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.093796, "energy": 85.349778, "activity_lines": [ 1.165841, 1.201717, 1.248637, 1.289897 ] }, { "date": "2024-01-19", "close": 1.1687, "volume": 933541, "typical_volume": 269241.25, "trend": 1.33217, "fair_value": 1.418408, "relative_strength": -7.19938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.922585, "energy": 76.888983, "activity_lines": [ 1.163177, 1.190818, 1.237637, 1.278897 ] }, { "date": "2024-01-26", "close": 1.246679, "volume": 1067746, "typical_volume": 289079.2, "trend": 1.326994, "fair_value": 1.416282, "relative_strength": -3.583684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.024573, "energy": 47.167532, "activity_lines": [ 1.190274, 1.195904, 1.235024, 1.273382 ] }, { "date": "2024-02-02", "close": 1.194043, "volume": 525998, "typical_volume": 302620.1, "trend": 1.320193, "fair_value": 1.413351, "relative_strength": -1.500843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.311082, "energy": 33.220127, "activity_lines": [ 1.196058, 1.192289, 1.22769, 1.264804 ] }, { "date": "2024-02-09", "close": 1.234007, "volume": 575494, "typical_volume": 311991.55, "trend": 1.31323, "fair_value": 1.410677, "relative_strength": -2.935942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.142716, "energy": 21.907165, "activity_lines": [ 1.212888, 1.197729, 1.224882, 1.259244 ] }, { "date": "2024-02-23", "close": 1.301264, "volume": 862100, "typical_volume": 349813.3, "trend": 1.308477, "fair_value": 1.40852, "relative_strength": -2.201431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.04234, "energy": 16.900398, "activity_lines": [ 1.245769, 1.21632, 1.229027, 1.258472 ] }, { "date": "2024-03-01", "close": 1.283718, "volume": 253004, "typical_volume": 345907.0, "trend": 1.303213, "fair_value": 1.40622, "relative_strength": -3.929936, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.298194, "energy": 17.00651, "activity_lines": [ 1.264029, 1.23103, 1.231826, 1.256875 ] }, { "date": "2024-03-08", "close": 1.266173, "volume": 183200, "typical_volume": 345937.0, "trend": 1.294635, "fair_value": 1.405055, "relative_strength": -5.528358, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.465116, "energy": 17.646698, "activity_lines": [ 1.268772, 1.241486, 1.233613, 1.254485 ] }, { "date": "2024-03-15", "close": 1.256426, "volume": 173889, "typical_volume": 347256.3, "trend": 1.28557, "fair_value": 1.403578, "relative_strength": -6.234772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.603034, "energy": 16.882366, "activity_lines": [ 1.268967, 1.248788, 1.234787, 1.25202 ] }, { "date": "2024-03-22", "close": 1.226209, "volume": 276100, "typical_volume": 347106.3, "trend": 1.277025, "fair_value": 1.401875, "relative_strength": -8.012787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.497339, "energy": 11.278661, "activity_lines": [ 1.254931, 1.248841, 1.233158, 1.24819 ] }, { "date": "2024-03-29", "close": 1.192094, "volume": 250000, "typical_volume": 353856.3, "trend": 1.268448, "fair_value": 1.400166, "relative_strength": -10.06525, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.39148, "energy": 19.928622, "activity_lines": [ 1.230043, 1.241096, 1.228799, 1.242711 ] }, { "date": "2024-04-05", "close": 1.176498, "volume": 315400, "typical_volume": 357536.3, "trend": 1.261982, "fair_value": 1.398283, "relative_strength": -11.760057, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.058814, "energy": 29.940875, "activity_lines": [ 1.207235, 1.230108, 1.223438, 1.236778 ] }, { "date": "2024-04-12", "close": 1.167726, "volume": 338190, "typical_volume": 367926.75, "trend": 1.257303, "fair_value": 1.396349, "relative_strength": -10.701192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.336597, "energy": 46.150337, "activity_lines": [ 1.18865, 1.217384, 1.217678, 1.230697 ] }, { "date": "2024-04-19", "close": 1.138484, "volume": 334155, "typical_volume": 376931.8, "trend": 1.250415, "fair_value": 1.393841, "relative_strength": -13.951025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.888005, "energy": 63.742937, "activity_lines": [ 1.166881, 1.200778, 1.209736, 1.223032 ] }, { "date": "2024-04-26", "close": 1.160903, "volume": 235100, "typical_volume": 383313.9, "trend": 1.244144, "fair_value": 1.391402, "relative_strength": -12.602189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.096241, "energy": 62.665428, "activity_lines": [ 1.160448, 1.189258, 1.204663, 1.217257 ] }, { "date": "2024-05-03", "close": 1.164801, "volume": 241330, "typical_volume": 388755.4, "trend": 1.237321, "fair_value": 1.388989, "relative_strength": -12.368384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.753808, "energy": 61.27952, "activity_lines": [ 1.159668, 1.179777, 1.200551, 1.212138 ] }, { "date": "2024-05-10", "close": 1.089747, "volume": 545500, "typical_volume": 406987.4, "trend": 1.226242, "fair_value": 1.386131, "relative_strength": -18.83405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.771415, "energy": 73.378296, "activity_lines": [ 1.135689, 1.15913, 1.189759, 1.202617 ] }, { "date": "2024-05-17", "close": 1.016643, "volume": 987728, "typical_volume": 447768.8, "trend": 1.215715, "fair_value": 1.382824, "relative_strength": -23.775563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.53739, "energy": 86.407158, "activity_lines": [ 1.093126, 1.128719, 1.17265, 1.189094 ] }, { "date": "2024-05-24", "close": 1.033213, "volume": 521900, "typical_volume": 459040.6, "trend": 1.207755, "fair_value": 1.379691, "relative_strength": -20.434314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.930099, "energy": 89.431253, "activity_lines": [ 1.066159, 1.105857, 1.157946, 1.17732 ] }, { "date": "2024-05-31", "close": 0.98935, "volume": 484700, "typical_volume": 474030.6, "trend": 1.19622, "fair_value": 1.376645, "relative_strength": -23.291972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.37384, "energy": 93.04385, "activity_lines": [ 1.031588, 1.079078, 1.139667, 1.163229 ] }, { "date": "2024-06-07", "close": 0.805126, "volume": 1880145, "typical_volume": 549261.0, "trend": 1.179942, "fair_value": 1.372761, "relative_strength": -36.275805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.18806, "energy": 97.913714, "activity_lines": [ 0.947047, 1.023111, 1.104554, 1.137997 ] }, { "date": "2024-06-14", "close": 0.849964, "volume": 326948, "typical_volume": 518931.35, "trend": 1.166004, "fair_value": 1.369588, "relative_strength": -31.789921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.986845, "energy": 93.79917, "activity_lines": [ 0.90143, 0.982332, 1.075447, 1.116708 ] }, { "date": "2024-06-21", "close": 0.798303, "volume": 329602, "typical_volume": 482024.15, "trend": 1.149466, "fair_value": 1.365916, "relative_strength": -34.672422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.422064, "energy": 94.573606, "activity_lines": [ 0.854577, 0.938097, 1.042937, 1.092986 ] }, { "date": "2024-06-28", "close": 0.813899, "volume": 270900, "typical_volume": 469269.25, "trend": 1.133513, "fair_value": 1.362325, "relative_strength": -32.235746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.168766, "energy": 89.545791, "activity_lines": [ 0.82748, 0.903414, 1.014048, 1.071336 ] }, { "date": "2024-07-05", "close": 0.815848, "volume": 193200, "typical_volume": 450154.55, "trend": 1.117884, "fair_value": 1.358647, "relative_strength": -31.141732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.197589, "energy": 82.642717, "activity_lines": [ 0.815653, 0.874988, 0.987155, 1.050842 ] }, { "date": "2024-07-12", "close": 0.855516, "volume": 286454, "typical_volume": 421372.25, "trend": 1.104293, "fair_value": 1.35531, "relative_strength": -27.798817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.203567, "energy": 66.086506, "activity_lines": [ 0.828616, 0.860047, 0.966031, 1.033915 ] }, { "date": "2024-07-19", "close": 0.881083, "volume": 271309, "typical_volume": 422287.5, "trend": 1.092822, "fair_value": 1.352137, "relative_strength": -25.354362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.198238, "energy": 61.804421, "activity_lines": [ 0.846742, 0.855378, 0.949464, 1.019514 ] }, { "date": "2024-07-26", "close": 0.902716, "volume": 457920, "typical_volume": 436023.5, "trend": 1.083241, "fair_value": 1.348424, "relative_strength": -20.587449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.566507, "energy": 49.018444, "activity_lines": [ 0.870004, 0.858437, 0.936875, 1.007249 ] }, { "date": "2024-08-02", "close": 0.952867, "volume": 1074960, "typical_volume": 481077.05, "trend": 1.076339, "fair_value": 1.345063, "relative_strength": -16.070475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.575518, "energy": 31.598445, "activity_lines": [ 0.903022, 0.872685, 0.930793, 0.998838 ] }, { "date": "2024-08-09", "close": 1.010885, "volume": 1556860, "typical_volume": 545115.05, "trend": 1.072085, "fair_value": 1.341943, "relative_strength": -9.117668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.046851, "energy": 28.136952, "activity_lines": [ 0.946115, 0.898943, 0.931682, 0.994615 ] }, { "date": "2024-08-16", "close": 1.001052, "volume": 715100, "typical_volume": 568370.05, "trend": 1.066465, "fair_value": 1.338791, "relative_strength": -10.0187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.053609, "energy": 28.86264, "activity_lines": [ 0.972928, 0.923021, 0.93266, 0.990033 ] }, { "date": "2024-08-23", "close": 0.953851, "volume": 542900, "typical_volume": 579745.05, "trend": 1.059303, "fair_value": 1.335504, "relative_strength": -12.942337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.941908, "energy": 24.06403, "activity_lines": [ 0.974305, 0.934955, 0.930052, 0.982767 ] }, { "date": "2024-08-30", "close": 0.941067, "volume": 687200, "typical_volume": 597195.55, "trend": 1.049116, "fair_value": 1.332267, "relative_strength": -13.169001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.138467, "energy": 20.414211, "activity_lines": [ 0.966569, 0.942676, 0.927288, 0.975139 ] }, { "date": "2024-09-06", "close": 0.934184, "volume": 622200, "typical_volume": 611597.8, "trend": 1.040454, "fair_value": 1.329261, "relative_strength": -10.93096, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.610899, "energy": 14.246652, "activity_lines": [ 0.953982, 0.94655, 0.924946, 0.967724 ] }, { "date": "2024-09-13", "close": 0.892883, "volume": 497300, "typical_volume": 624707.8, "trend": 1.029083, "fair_value": 1.326214, "relative_strength": -12.538623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.519328, "energy": 31.496146, "activity_lines": [ 0.928874, 0.940728, 0.919645, 0.958203 ] }, { "date": "2024-09-20", "close": 0.925333, "volume": 722574, "typical_volume": 648770.0, "trend": 1.016552, "fair_value": 1.323357, "relative_strength": -10.015327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.149783, "energy": 29.355011, "activity_lines": [ 0.922449, 0.939404, 0.91871, 0.95151 ] }, { "date": "2024-09-27", "close": 1.032519, "volume": 1505158, "typical_volume": 696752.9, "trend": 1.008179, "fair_value": 1.321068, "relative_strength": -10.547441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 9.734284, "energy": 10.055808, "activity_lines": [ 0.956801, 0.9563, 0.929123, 0.95254 ] }, { "date": "2024-10-04", "close": 1.099387, "volume": 738688, "typical_volume": 684300.9, "trend": 1.002619, "fair_value": 1.319133, "relative_strength": -11.370512, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 42.081701, "energy": 44.746443, "activity_lines": [ 1.008197, 0.9826, 0.946178, 0.958424 ] }, { "date": "2024-10-11", "close": 1.050219, "volume": 2322722, "typical_volume": 774342.0, "trend": 0.995746, "fair_value": 1.316546, "relative_strength": -11.611361, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.927408, "energy": 49.176601, "activity_lines": [ 1.03265, 0.996385, 0.958156, 0.961495 ] }, { "date": "2024-10-18", "close": 1.095453, "volume": 888032, "typical_volume": 794508.6, "trend": 0.991387, "fair_value": 1.314386, "relative_strength": -8.588005, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.559103, "energy": 65.982344, "activity_lines": [ 1.064445, 1.016624, 0.97436, 0.967928 ] }, { "date": "2024-10-25", "close": 1.11217, "volume": 770466, "typical_volume": 739024.65, "trend": 0.988723, "fair_value": 1.312676, "relative_strength": -7.834581, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.524029, "energy": 69.498336, "activity_lines": [ 1.088307, 1.038365, 0.991652, 0.97572 ] }, { "date": "2024-11-01", "close": 1.232139, "volume": 5662873, "typical_volume": 1005820.9, "trend": 0.990578, "fair_value": 1.311723, "relative_strength": 3.329479, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 88.051243, "energy": 85.364291, "activity_lines": [ 1.139704, 1.079898, 1.018907, 0.991425 ] }, { "date": "2024-11-08", "close": 1.384559, "volume": 2534740, "typical_volume": 1116077.8, "trend": 0.997805, "fair_value": 1.311735, "relative_strength": 10.197769, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.231571, "energy": 96.425818, "activity_lines": [ 1.228599, 1.144084, 1.058859, 1.016843 ] }, { "date": "2024-11-15", "close": 1.27344, "volume": 2103866, "typical_volume": 1207726.1, "trend": 1.002304, "fair_value": 1.311028, "relative_strength": 5.24755, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.533685, "energy": 87.351323, "activity_lines": [ 1.261443, 1.180004, 1.085436, 1.034626 ] }, { "date": "2024-11-22", "close": 1.236072, "volume": 1188638, "typical_volume": 1257498.0, "trend": 1.00481, "fair_value": 1.310037, "relative_strength": 4.397048, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.301065, "energy": 83.986116, "activity_lines": [ 1.26695, 1.20296, 1.106265, 1.049708 ] }, { "date": "2024-11-29", "close": 1.335391, "volume": 1200700, "typical_volume": 1303210.3, "trend": 1.010496, "fair_value": 1.309778, "relative_strength": 10.914805, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.752191, "energy": 81.745385, "activity_lines": [ 1.296188, 1.237735, 1.134553, 1.071035 ] }, { "date": "2024-12-06", "close": 1.351125, "volume": 586577, "typical_volume": 1318973.7, "trend": 1.019209, "fair_value": 1.309737, "relative_strength": 9.819416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.684988, "energy": 64.376223, "activity_lines": [ 1.31579, 1.267915, 1.162054, 1.093011 ] }, { "date": "2024-12-13", "close": 1.350141, "volume": 566200, "typical_volume": 1324387.7, "trend": 1.030325, "fair_value": 1.309603, "relative_strength": 10.294581, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.429331, "energy": 61.321256, "activity_lines": [ 1.327131, 1.292124, 1.187223, 1.114362 ] }, { "date": "2024-12-20", "close": 1.25869, "volume": 682180, "typical_volume": 1304748.7, "trend": 1.037841, "fair_value": 1.308627, "relative_strength": 3.786694, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.43721, "energy": 53.264974, "activity_lines": [ 1.310283, 1.295145, 1.201552, 1.129095 ] }, { "date": "2024-12-27", "close": 1.259673, "volume": 466901, "typical_volume": 1250250.75, "trend": 1.046852, "fair_value": 1.307532, "relative_strength": 3.096318, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.749938, "energy": 46.290591, "activity_lines": [ 1.294746, 1.294555, 1.214518, 1.143407 ] }, { "date": "2025-01-03", "close": 1.198705, "volume": 540000, "typical_volume": 1241495.75, "trend": 1.059971, "fair_value": 1.30609, "relative_strength": 3.964037, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.046684, "energy": 30.96266, "activity_lines": [ 1.257313, 1.279894, 1.220493, 1.153204 ] }, { "date": "2025-01-10", "close": 1.198705, "volume": 378613, "typical_volume": 1233281.4, "trend": 1.071596, "fair_value": 1.304804, "relative_strength": 5.430315, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.604497, "energy": 25.159199, "activity_lines": [ 1.228992, 1.26366, 1.225527, 1.162154 ] }, { "date": "2025-01-17", "close": 1.252789, "volume": 688581, "typical_volume": 1233350.45, "trend": 1.086745, "fair_value": 1.303958, "relative_strength": 7.808036, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.480745, "energy": 22.442144, "activity_lines": [ 1.228861, 1.257867, 1.234546, 1.173844 ] }, { "date": "2025-01-24", "close": 1.245906, "volume": 248180, "typical_volume": 1214649.45, "trend": 1.101146, "fair_value": 1.30305, "relative_strength": 7.029466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.03755, "energy": 19.904296, "activity_lines": [ 1.232926, 1.253218, 1.241425, 1.184113 ] }, { "date": "2025-01-31", "close": 1.250823, "volume": 61200, "typical_volume": 1192844.45, "trend": 1.115645, "fair_value": 1.30216, "relative_strength": 7.771177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.545141, "energy": 19.931995, "activity_lines": [ 1.239481, 1.249965, 1.247287, 1.193769 ] }, { "date": "2025-02-07", "close": 1.275407, "volume": 282999, "typical_volume": 1170865.7, "trend": 1.129641, "fair_value": 1.301341, "relative_strength": 8.423771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.654623, "energy": 30.123391, "activity_lines": [ 1.254822, 1.250912, 1.253787, 1.204077 ] }, { "date": "2025-02-14", "close": 1.216406, "volume": 665301, "typical_volume": 1128872.85, "trend": 1.140819, "fair_value": 1.300094, "relative_strength": 2.44903, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.728066, "energy": 23.977037, "activity_lines": [ 1.245382, 1.242223, 1.253, 1.209674 ] }, { "date": "2025-02-21", "close": 1.181005, "volume": 397200, "typical_volume": 1111798.45, "trend": 1.150095, "fair_value": 1.298576, "relative_strength": -1.037755, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.692264, "energy": 7.443857, "activity_lines": [ 1.222961, 1.229547, 1.247966, 1.212267 ] }, { "date": "2025-02-28", "close": 1.191822, "volume": 533917, "typical_volume": 1022358.2, "trend": 1.15806, "fair_value": 1.297027, "relative_strength": 1.981443, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.289695, "energy": 11.590454, "activity_lines": [ 1.208932, 1.221912, 1.243574, 1.214959 ] }, { "date": "2025-03-07", "close": 1.210505, "volume": 393400, "typical_volume": 997626.6, "trend": 1.164714, "fair_value": 1.295243, "relative_strength": 2.311122, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.528188, "energy": 17.554785, "activity_lines": [ 1.204736, 1.218891, 1.240287, 1.218343 ] }, { "date": "2025-03-14", "close": 1.223289, "volume": 379408, "typical_volume": 978073.7, "trend": 1.172122, "fair_value": 1.293453, "relative_strength": 2.270473, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.154426, "energy": 15.031577, "activity_lines": [ 1.20749, 1.219087, 1.237669, 1.222122 ] }, { "date": "2025-03-21", "close": 1.213455, "volume": 288200, "typical_volume": 709340.05, "trend": 1.180775, "fair_value": 1.29165, "relative_strength": 3.335151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.460553, "energy": 10.629042, "activity_lines": [ 1.21044, 1.217049, 1.233586, 1.224788 ] }, { "date": "2025-03-28", "close": 1.192805, "volume": 347730, "typical_volume": 599989.55, "trend": 1.189167, "fair_value": 1.289945, "relative_strength": 2.18963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.508353, "energy": 6.417405, "activity_lines": [ 1.206703, 1.210988, 1.227625, 1.225564 ] }, { "date": "2025-04-04", "close": 1.184938, "volume": 290881, "typical_volume": 509340.3, "trend": 1.197525, "fair_value": 1.288103, "relative_strength": 1.959979, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.033701, "energy": 13.875909, "activity_lines": [ 1.199557, 1.204587, 1.221828, 1.225292 ] }, { "date": "2025-04-11", "close": 1.160354, "volume": 718311, "typical_volume": 485823.95, "trend": 1.206441, "fair_value": 1.286434, "relative_strength": 3.2066, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.767922, "energy": 37.758206, "activity_lines": [ 1.184676, 1.194825, 1.214111, 1.222893 ] }, { "date": "2025-04-18", "close": 1.189855, "volume": 262111, "typical_volume": 438894.5, "trend": 1.215258, "fair_value": 1.284941, "relative_strength": 4.635045, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.009529, "energy": 39.746465, "activity_lines": [ 1.182971, 1.192072, 1.209564, 1.221823 ] }, { "date": "2025-04-25", "close": 1.181005, "volume": 158040, "typical_volume": 417467.65, "trend": 1.220208, "fair_value": 1.283523, "relative_strength": 3.378979, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.73397, "energy": 50.018718, "activity_lines": [ 1.180546, 1.189265, 1.204867, 1.219614 ] }, { "date": "2025-05-02", "close": 1.177071, "volume": 76000, "typical_volume": 392957.65, "trend": 1.222797, "fair_value": 1.28223, "relative_strength": 3.631345, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.001555, "energy": 43.702074, "activity_lines": [ 1.178972, 1.186386, 1.200606, 1.21683 ] }, { "date": "2025-05-09", "close": 1.177071, "volume": 145000, "typical_volume": 366098.65, "trend": 1.227026, "fair_value": 1.28093, "relative_strength": 1.640678, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.313686, "energy": 32.327904, "activity_lines": [ 1.178448, 1.183579, 1.197169, 1.21388 ] }, { "date": "2025-05-16", "close": 1.155438, "volume": 215121, "typical_volume": 353509.65, "trend": 1.229025, "fair_value": 1.279535, "relative_strength": -1.095863, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.760327, "energy": 44.195957, "activity_lines": [ 1.171237, 1.177107, 1.19206, 1.209262 ] }, { "date": "2025-05-23", "close": 1.140687, "volume": 270731, "typical_volume": 340046.2, "trend": 1.229976, "fair_value": 1.277921, "relative_strength": -1.83545, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.450584, "energy": 54.329309, "activity_lines": [ 1.159436, 1.168954, 1.186043, 1.203563 ] }, { "date": "2025-05-30", "close": 1.169205, "volume": 290822, "typical_volume": 335656.65, "trend": 1.227878, "fair_value": 1.276702, "relative_strength": 0.485138, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.594055, "energy": 47.236978, "activity_lines": [ 1.16042, 1.167488, 1.183018, 1.199642 ] }, { "date": "2025-06-06", "close": 1.171171, "volume": 225200, "typical_volume": 312487.6, "trend": 1.220765, "fair_value": 1.275552, "relative_strength": -0.921845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.495289, "energy": 40.85696, "activity_lines": [ 1.162846, 1.167184, 1.180321, 1.195983 ] }, { "date": "2025-06-13", "close": 1.209522, "volume": 770888, "typical_volume": 338623.0, "trend": 1.218634, "fair_value": 1.274597, "relative_strength": 2.137748, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.419319, "energy": 17.547065, "activity_lines": [ 1.178448, 1.174246, 1.181665, 1.195258 ] }, { "date": "2025-06-20", "close": 1.26164, "volume": 1075868, "typical_volume": 389356.4, "trend": 1.219487, "fair_value": 1.273921, "relative_strength": 6.443457, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.275053, "energy": 17.377202, "activity_lines": [ 1.20926, 1.190338, 1.188146, 1.198033 ] }, { "date": "2025-06-27", "close": 1.281307, "volume": 731472, "typical_volume": 411780.05, "trend": 1.217684, "fair_value": 1.273302, "relative_strength": 5.497204, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.78944, "energy": 36.638497, "activity_lines": [ 1.239547, 1.208163, 1.196448, 1.202021 ] }, { "date": "2025-07-04", "close": 1.251806, "volume": 594188, "typical_volume": 408224.4, "trend": 1.214373, "fair_value": 1.272493, "relative_strength": 1.180205, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.064036, "energy": 40.625366, "activity_lines": [ 1.250626, 1.218962, 1.201913, 1.204222 ] }, { "date": "2025-07-11", "close": 1.274423, "volume": 301139, "typical_volume": 403421.35, "trend": 1.211849, "fair_value": 1.271843, "relative_strength": 1.485747, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.536224, "energy": 64.878257, "activity_lines": [ 1.263737, 1.232586, 1.209363, 1.208097 ] }, { "date": "2025-07-18", "close": 1.243939, "volume": 371266, "typical_volume": 395288.8, "trend": 1.211358, "fair_value": 1.270915, "relative_strength": -1.920897, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.604509, "energy": 58.581394, "activity_lines": [ 1.259804, 1.238897, 1.213465, 1.210167 ] }, { "date": "2025-07-25", "close": 1.266, "volume": 584048, "typical_volume": 404821.2, "trend": 1.211568, "fair_value": 1.269836, "relative_strength": -2.03521, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.566538, "energy": 54.884735, "activity_lines": [ 1.26093, 1.248004, 1.21942, 1.213692 ] }, { "date": "2025-08-01", "close": 1.252, "volume": 382100, "typical_volume": 404955.8, "trend": 1.213345, "fair_value": 1.268642, "relative_strength": -2.325237, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.82929, "energy": 40.464597, "activity_lines": [ 1.257098, 1.252555, 1.223777, 1.216301 ] }, { "date": "2025-08-08", "close": 1.266, "volume": 421800, "typical_volume": 411635.8, "trend": 1.215588, "fair_value": 1.267638, "relative_strength": -3.250163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.797067, "energy": 37.973599, "activity_lines": [ 1.259887, 1.257627, 1.229331, 1.219698 ] }, { "date": "2025-08-15", "close": 1.302, "volume": 1241912, "typical_volume": 456344.9, "trend": 1.217229, "fair_value": 1.266835, "relative_strength": -2.181887, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.874553, "energy": 47.720882, "activity_lines": [ 1.273729, 1.267485, 1.238063, 1.225273 ] }, { "date": "2025-08-22", "close": 1.28, "volume": 778413, "typical_volume": 480721.5, "trend": 1.218365, "fair_value": 1.265872, "relative_strength": -7.078998, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.391373, "energy": 44.40542, "activity_lines": [ 1.2784, 1.270965, 1.24418, 1.229323 ] }, { "date": "2025-08-29", "close": 1.261, "volume": 910616, "typical_volume": 490336.75, "trend": 1.218704, "fair_value": 1.264774, "relative_strength": -9.201001, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.054941, "energy": 40.146642, "activity_lines": [ 1.274333, 1.269708, 1.248035, 1.232073 ] }, { "date": "2025-09-05", "close": 1.29, "volume": 632350, "typical_volume": 508848.7, "trend": 1.219191, "fair_value": 1.263788, "relative_strength": -6.009407, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.340875, "energy": 39.407257, "activity_lines": [ 1.280267, 1.273736, 1.254172, 1.236673 ] }, { "date": "2025-09-12", "close": 1.311, "volume": 1232705, "typical_volume": 562581.95, "trend": 1.222344, "fair_value": 1.262986, "relative_strength": -5.955509, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.194031, "energy": 42.463294, "activity_lines": [ 1.290667, 1.281424, 1.261833, 1.242596 ] }, { "date": "2025-09-19", "close": 1.309, "volume": 738014, "typical_volume": 595682.65, "trend": 1.22661, "fair_value": 1.262247, "relative_strength": -4.880571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.227499, "energy": 44.666145, "activity_lines": [ 1.2974, 1.287672, 1.268684, 1.248187 ] }, { "date": "2025-09-26", "close": 1.295, "volume": 608445, "typical_volume": 618854.9, "trend": 1.23005, "fair_value": 1.26148, "relative_strength": -6.114364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.765139, "energy": 51.276797, "activity_lines": [ 1.299, 1.290745, 1.273573, 1.252599 ] }, { "date": "2025-10-03", "close": 1.291, "volume": 149624, "typical_volume": 615580.05, "trend": 1.232733, "fair_value": 1.2607, "relative_strength": -7.736951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.461693, "energy": 49.757956, "activity_lines": [ 1.298267, 1.292164, 1.27752, 1.256531 ] }, { "date": "2025-10-10", "close": 1.28, "volume": 240590, "typical_volume": 614073.0, "trend": 1.234623, "fair_value": 1.259874, "relative_strength": -8.867673, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.720583, "energy": 34.223976, "activity_lines": [ 1.291867, 1.291127, 1.279774, 1.259581 ] }, { "date": "2025-10-17", "close": 1.248, "volume": 294474, "typical_volume": 614255.6, "trend": 1.235775, "fair_value": 1.259193, "relative_strength": -9.768427, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.115371, "energy": 14.573286, "activity_lines": [ 1.275467, 1.283764, 1.278317, 1.260444 ] }, { "date": "2025-10-24", "close": 1.25, "volume": 134400, "typical_volume": 609715.6, "trend": 1.237681, "fair_value": 1.259012, "relative_strength": -12.056358, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.28758, "energy": 15.994909, "activity_lines": [ 1.263933, 1.277091, 1.276675, 1.261362 ] }, { "date": "2025-10-31", "close": 1.255, "volume": 109200, "typical_volume": 576631.2, "trend": 1.240016, "fair_value": 1.258726, "relative_strength": -11.524466, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.498783, "energy": 16.104753, "activity_lines": [ 1.258, 1.272273, 1.275134, 1.262479 ] }, { "date": "2025-11-07", "close": 1.226, "volume": 211705, "typical_volume": 533423.05, "trend": 1.242205, "fair_value": 1.258204, "relative_strength": -14.058729, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -9.98498, "energy": 22.749279, "activity_lines": [ 1.245067, 1.262636, 1.270614, 1.261575 ] }, { "date": "2025-11-14", "close": 1.249, "volume": 147942, "typical_volume": 504246.55, "trend": 1.244176, "fair_value": 1.258197, "relative_strength": -11.962512, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.188235, "energy": 25.669917, "activity_lines": [ 1.244133, 1.257818, 1.268455, 1.262013 ] }, { "date": "2025-11-21", "close": 1.178, "volume": 305405, "typical_volume": 489807.4, "trend": 1.244076, "fair_value": 1.257143, "relative_strength": -13.264173, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.512368, "energy": 55.330132, "activity_lines": [ 1.2216, 1.240836, 1.259687, 1.257744 ] }, { "date": "2025-11-28", "close": 1.176, "volume": 210600, "typical_volume": 485280.45, "trend": 1.24404, "fair_value": 1.255869, "relative_strength": -14.145658, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.464848, "energy": 65.426496, "activity_lines": [ 1.203067, 1.225909, 1.251081, 1.253352 ] }, { "date": "2025-12-05", "close": 1.151, "volume": 126200, "typical_volume": 473027.15, "trend": 1.243171, "fair_value": 1.254466, "relative_strength": -15.807966, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.557474, "energy": 77.068701, "activity_lines": [ 1.181133, 1.208855, 1.240562, 1.247349 ] }, { "date": "2025-12-12", "close": 1.145, "volume": 237200, "typical_volume": 455684.75, "trend": 1.242823, "fair_value": 1.253206, "relative_strength": -15.475948, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.678655, "energy": 90.226782, "activity_lines": [ 1.164133, 1.193327, 1.229914, 1.241016 ] }, { "date": "2025-12-19", "close": 1.134, "volume": 188838, "typical_volume": 446021.65, "trend": 1.2426, "fair_value": 1.251732, "relative_strength": -15.929987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.779057, "energy": 89.902255, "activity_lines": [ 1.148867, 1.178455, 1.218795, 1.233995 ] }, { "date": "2025-12-26", "close": 1.151, "volume": 286900, "typical_volume": 439276.65, "trend": 1.241994, "fair_value": 1.249936, "relative_strength": -15.872485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.856756, "energy": 83.411952, "activity_lines": [ 1.146933, 1.169327, 1.209857, 1.228085 ] }, { "date": "2026-01-02", "close": 1.132, "volume": 280600, "typical_volume": 391211.05, "trend": 1.240688, "fair_value": 1.248068, "relative_strength": -16.961501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.152344, "energy": 71.805355, "activity_lines": [ 1.140467, 1.158509, 1.199657, 1.220989 ] }, { "date": "2026-01-09", "close": 1.124, "volume": 721669, "typical_volume": 388373.85, "trend": 1.237837, "fair_value": 1.246467, "relative_strength": -20.109627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.532213, "energy": 61.841589, "activity_lines": [ 1.134267, 1.148382, 1.189505, 1.21346 ] }, { "date": "2026-01-16", "close": 1.109, "volume": 863269, "typical_volume": 386006.5, "trend": 1.232749, "fair_value": 1.244458, "relative_strength": -20.29895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.099942, "energy": 64.008808, "activity_lines": [ 1.124867, 1.137909, 1.178667, 1.205148 ] }, { "date": "2026-01-23", "close": 1.115, "volume": 553983, "typical_volume": 382088.15, "trend": 1.227206, "fair_value": 1.2425, "relative_strength": -20.016785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.505921, "energy": 61.107767, "activity_lines": [ 1.119867, 1.130655, 1.169124, 1.197552 ] }, { "date": "2026-01-30", "close": 1.151, "volume": 600892, "typical_volume": 350497.5, "trend": 1.223845, "fair_value": 1.240735, "relative_strength": -16.567908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.648709, "energy": 51.253956, "activity_lines": [ 1.128133, 1.132382, 1.163843, 1.192635 ] }, { "date": "2026-02-06", "close": 1.143, "volume": 272400, "typical_volume": 327216.8, "trend": 1.219465, "fair_value": 1.2386, "relative_strength": -15.572179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.194929, "energy": 41.746259, "activity_lines": [ 1.133733, 1.133145, 1.158562, 1.187419 ] }, { "date": "2026-02-13", "close": 1.209, "volume": 626544, "typical_volume": 328121.75, "trend": 1.2183, "fair_value": 1.236895, "relative_strength": -10.710855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.002389, "energy": 17.769199, "activity_lines": [ 1.1606, 1.146509, 1.160357, 1.186744 ] }, { "date": "2026-02-27", "close": 1.2, "volume": 602139, "typical_volume": 350747.5, "trend": 1.2161, "fair_value": 1.234657, "relative_strength": -12.786228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.219299, "energy": 22.318597, "activity_lines": [ 1.1788, 1.157182, 1.161705, 1.185563 ] }, { "date": "2026-03-06", "close": 1.184, "volume": 366025, "typical_volume": 357019.25, "trend": 1.213833, "fair_value": 1.232017, "relative_strength": -12.777507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.726915, "energy": 20.956781, "activity_lines": [ 1.1856, 1.163945, 1.161962, 1.183492 ] }, { "date": "2026-03-13", "close": 1.159, "volume": 313875, "typical_volume": 357989.3, "trend": 1.210267, "fair_value": 1.229185, "relative_strength": -13.636765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.671606, "energy": 19.937704, "activity_lines": [ 1.179467, 1.165255, 1.160295, 1.179955 ] }, { "date": "2026-03-20", "close": 1.096, "volume": 374775, "typical_volume": 370008.05, "trend": 1.2034, "fair_value": 1.22595, "relative_strength": -15.072408, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.967634, "energy": 27.585958, "activity_lines": [ 1.1518, 1.154964, 1.153052, 1.172583 ] }, { "date": "2026-03-27", "close": 1.102, "volume": 206913, "typical_volume": 374893.7, "trend": 1.197467, "fair_value": 1.223253, "relative_strength": -13.257733, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.77806, "energy": 50.954726, "activity_lines": [ 1.129267, 1.146418, 1.147114, 1.166041 ] }, { "date": "2026-04-03", "close": 1.075, "volume": 245272, "typical_volume": 376572.05, "trend": 1.191267, "fair_value": 1.22037, "relative_strength": -14.249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.831256, "energy": 75.178659, "activity_lines": [ 1.104867, 1.133364, 1.139333, 1.15814 ] }, { "date": "2026-04-10", "close": 1.11, "volume": 149086, "typical_volume": 376629.25, "trend": 1.185267, "fair_value": 1.217874, "relative_strength": -13.422293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.31293, "energy": 71.160356, "activity_lines": [ 1.100467, 1.127291, 1.135605, 1.152897 ] }, { "date": "2026-04-17", "close": 1.122, "volume": 393951, "typical_volume": 381056.55, "trend": 1.178967, "fair_value": 1.215511, "relative_strength": -13.473604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.820714, "energy": 62.682209, "activity_lines": [ 1.105, 1.123491, 1.133681, 1.148815 ] }, { "date": "2026-04-24", "close": 1.094, "volume": 279000, "typical_volume": 384476.55, "trend": 1.1718, "fair_value": 1.212999, "relative_strength": -15.740888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.111575, "energy": 47.519753, "activity_lines": [ 1.102667, 1.115127, 1.129357, 1.143333 ] }, { "date": "2026-05-01", "close": 0.987, "volume": 882955, "typical_volume": 422314.3, "trend": 1.161533, "fair_value": 1.209534, "relative_strength": -24.034801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.017423, "energy": 60.508628, "activity_lines": [ 1.0648, 1.0882, 1.115233, 1.131411 ] }, { "date": "2026-05-08", "close": 0.988, "volume": 302500, "typical_volume": 425579.3, "trend": 1.151433, "fair_value": 1.205781, "relative_strength": -24.628717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.462494, "energy": 81.103689, "activity_lines": [ 1.034933, 1.065491, 1.101986, 1.120215 ] }, { "date": "2026-05-15", "close": 0.954, "volume": 303392, "typical_volume": 431307.0, "trend": 1.140567, "fair_value": 1.201773, "relative_strength": -25.885937, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.259303, "energy": 90.751157, "activity_lines": [ 0.999533, 1.040455, 1.086248, 1.107477 ] }, { "date": "2026-05-22", "close": 0.94, "volume": 482500, "typical_volume": 441087.0, "trend": 1.1303, "fair_value": 1.197862, "relative_strength": -26.050801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.137148, "energy": 93.060589, "activity_lines": [ 0.969867, 1.017055, 1.070033, 1.094538 ] }, { "date": "2026-05-29", "close": 0.915, "volume": 356080, "typical_volume": 444861.0, "trend": 1.119133, "fair_value": 1.194016, "relative_strength": -26.705235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.954813, "energy": 93.18443, "activity_lines": [ 0.944, 0.993091, 1.052443, 1.080647 ] }, { "date": "2026-06-05", "close": 0.918, "volume": 28000, "typical_volume": 410177.55, "trend": 1.1079, "fair_value": 1.190339, "relative_strength": -25.150114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.443361, "energy": 90.885705, "activity_lines": [ 0.931067, 0.972964, 1.036171, 1.067671 ] }, { "date": "2026-06-12", "close": 0.904, "volume": 5700, "typical_volume": 367299.1, "trend": 1.097167, "fair_value": 1.186678, "relative_strength": -25.79021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.125126, "energy": 90.615768, "activity_lines": [ 0.918067, 0.953636, 1.019548, 1.054516 ] }, { "date": "2026-06-19", "close": 0.911, "volume": 123600, "typical_volume": 345779.95, "trend": 1.0859, "fair_value": 1.183294, "relative_strength": -25.652732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.581153, "energy": 85.252121, "activity_lines": [ 0.913, 0.938691, 1.004567, 1.042505 ] }, { "date": "2026-06-26", "close": 0.893, "volume": 84743, "typical_volume": 319972.5, "trend": 1.0764, "fair_value": 1.179938, "relative_strength": -25.239787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.515457, "energy": 84.794356, "activity_lines": [ 0.9048, 0.924091, 0.988843, 1.03006 ] }, { "date": "2026-07-03", "close": 0.92, "volume": 31900, "typical_volume": 307947.5, "trend": 1.067867, "fair_value": 1.176992, "relative_strength": -22.554875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.296732, "energy": 65.899286, "activity_lines": [ 0.908733, 0.918564, 0.976919, 1.01997 ] }, { "date": "2026-07-10", "close": 0.919, "volume": 137901, "typical_volume": 283515.35, "trend": 1.060133, "fair_value": 1.173896, "relative_strength": -21.045202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.001367, "energy": 63.224561, "activity_lines": [ 0.912, 0.916018, 0.965962, 1.010366 ] }, { "date": "2026-07-17", "close": 0.92, "volume": 83100, "typical_volume": 257563.4, "trend": 1.052633, "fair_value": 1.170831, "relative_strength": -15.424978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.478717, "energy": 56.978788, "activity_lines": [ 0.915533, 0.914891, 0.956481, 1.001325 ] }, { "date": "2026-07-24", "close": 0.923, "volume": 83700, "typical_volume": 243447.15, "trend": 1.0456, "fair_value": 1.167498, "relative_strength": -15.645234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.071819, "energy": 51.7907, "activity_lines": [ 0.919, 0.915545, 0.948619, 0.992961 ] }, { "date": "2026-07-31", "close": 0.966, "volume": 425000, "typical_volume": 249003.4, "trend": 1.039433, "fair_value": 1.164435, "relative_strength": -11.537217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.945277, "energy": 42.591449, "activity_lines": [ 0.936, 0.924582, 0.946095, 0.987826 ] }, { "date": "2026-08-07", "close": 0.987, "volume": 422400, "typical_volume": 251384.65, "trend": 1.0346, "fair_value": 1.161521, "relative_strength": -11.482034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.954294, "energy": 29.550042, "activity_lines": [ 0.955133, 0.936964, 0.94649, 0.984443 ] } ], "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." } } }