{ "ticker": { "uuid": "f643c393-63b7-44f3-9daf-962305784e33", "symbol": "9110", "name": "Vietnam Manufacturing and Export Processing (Holdings) Limited", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 22.454, "architecture_energy": 8.944, "architecture_maturity": 15.101, "architecture_confidence": 75.886, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 48.04, "rotation_up": 28.78, "upward_expansion": 51.72, "deceleration": 83.87, "rotation_down": 30.29, "downward_expansion": 24.72 }, "activity_lines": [ 3.138, 3.156727, 3.144381, 3.12529 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 3.11, "trend_reference": 3.111, "distance_from_trend": -0.000321, "trend_direction": "Improving", "fair_value": 5.80141, "distance_from_fair_value": -0.463923, "fair_value_direction": "Improving", "relative_strength": -37.132864, "relative_strength_direction": "Improving", "price_momentum": -0.012698, "excess_performance": -0.45407, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.000321, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.013795, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.463923, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.099784, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.371329, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.216548, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.012698, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.643538, "read": "Demand-led" } ], "volume": { "latest": 29000, "relative_activity": 0.116031, "balance": 1.643538, "dry_up": 0.516136, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.142221, "annualized_volatility": 0.609868, "from_high_reference": -0.417603, "from_low_reference": 0.264228 }, "levels": { "trend_reference": 3.111, "fair_value_reference": 5.80141, "structural_low": 2.46, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.006954, "positive_rate": 0.391304, "directional_follow_through": 0.391304, "median_excess_return": -0.007664, "regime_survival": 0.652174, "best_return": 0.052557, "worst_return": -0.13871, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.019608, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.029805, "regime_survival": 0.111111, "best_return": 0.12642, "worst_return": -0.096234, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.036667, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.079025, "regime_survival": 0.0, "best_return": 0.717105, "worst_return": -0.098748, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.007588, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.07432, "regime_survival": 0.25, "best_return": 1.325658, "worst_return": -0.542857, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-27", "end": "2023-12-22", "tenure": "Developing", "return": 0.016973, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-29", "end": "2024-02-16", "tenure": "Developing", "return": 0.088068, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-23", "end": "2024-03-08", "tenure": "New", "return": 0.077225, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-04-05", "tenure": "New", "return": 0.011688, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-12", "end": "2024-05-17", "tenure": "Developing", "return": -0.18099, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-24", "end": "2024-05-31", "tenure": "New", "return": -0.010836, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-07-12", "tenure": "Developing", "return": 0.100152, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2025-01-10", "tenure": "Established", "return": -0.052851, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2026-03-13", "tenure": "Extended", "return": -0.512346, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": -0.089457, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.041096, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-06-19", "tenure": "New", "return": -0.139241, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": -0.090909, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-14", "tenure": "Developing", "return": 0.003226, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 7.66, "volume": 1138000, "typical_volume": 1814382.75, "trend": 5.208333, "fair_value": 3.550321, "relative_strength": 67.697996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.028643, "energy": 48.090172, "activity_lines": [ 7.399333, 7.168, 6.85819, 6.155634 ] }, { "date": "2023-08-18", "close": 7.37, "volume": 785000, "typical_volume": 1840432.55, "trend": 5.354333, "fair_value": 3.577372, "relative_strength": 60.746116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.849695, "energy": 43.707973, "activity_lines": [ 7.429333, 7.224727, 6.969381, 6.295097 ] }, { "date": "2023-08-25", "close": 7.28, "volume": 544000, "typical_volume": 1858682.45, "trend": 5.497333, "fair_value": 3.603846, "relative_strength": 55.251426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.402667, "energy": 40.733289, "activity_lines": [ 7.387333, 7.260727, 7.05319, 6.419333 ] }, { "date": "2023-09-01", "close": 7.5, "volume": 337000, "typical_volume": 1775558.2, "trend": 5.648, "fair_value": 3.631538, "relative_strength": 55.772328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.069176, "energy": 42.574243, "activity_lines": [ 7.429333, 7.337091, 7.139667, 6.548538 ] }, { "date": "2023-09-08", "close": 7.57, "volume": 439000, "typical_volume": 1599103.2, "trend": 5.798333, "fair_value": 3.652372, "relative_strength": 55.359215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.495468, "energy": 50.710574, "activity_lines": [ 7.472667, 7.403273, 7.216286, 6.672538 ] }, { "date": "2023-09-15", "close": 7.8, "volume": 586000, "typical_volume": 1528503.2, "trend": 5.943, "fair_value": 3.665962, "relative_strength": 54.302193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.810723, "energy": 59.450536, "activity_lines": [ 7.580667, 7.496364, 7.300286, 6.801677 ] }, { "date": "2023-09-22", "close": 7.89, "volume": 410400, "typical_volume": 1464212.85, "trend": 6.097333, "fair_value": 3.693013, "relative_strength": 58.828412, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.626832, "energy": 73.345357, "activity_lines": [ 7.709333, 7.586909, 7.378238, 6.92729 ] }, { "date": "2023-09-29", "close": 7.77, "volume": 254864, "typical_volume": 1392131.05, "trend": 6.248333, "fair_value": 3.718141, "relative_strength": 53.836766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.43554, "energy": 73.346347, "activity_lines": [ 7.763333, 7.634727, 7.432048, 7.035204 ] }, { "date": "2023-10-06", "close": 7.66, "volume": 312811, "typical_volume": 1260967.9, "trend": 6.389667, "fair_value": 3.733397, "relative_strength": 48.003107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.240883, "energy": 61.031632, "activity_lines": [ 7.748, 7.656545, 7.464429, 7.12628 ] }, { "date": "2023-10-13", "close": 7.71, "volume": 261200, "typical_volume": 1128070.3, "trend": 6.533333, "fair_value": 3.743846, "relative_strength": 44.593442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.697679, "energy": 46.941857, "activity_lines": [ 7.738667, 7.678545, 7.495667, 7.211462 ] }, { "date": "2023-10-20", "close": 6.96, "volume": 1103595, "typical_volume": 967609.55, "trend": 6.652, "fair_value": 3.759936, "relative_strength": 31.761152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.853722, "energy": 16.498316, "activity_lines": [ 7.47, 7.558364, 7.452619, 7.238989 ] }, { "date": "2023-10-27", "close": 7.07, "volume": 362260, "typical_volume": 776734.15, "trend": 6.773667, "fair_value": 3.782308, "relative_strength": 34.773706, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.862886, "energy": 16.628953, "activity_lines": [ 7.294, 7.470909, 7.430286, 7.265957 ] }, { "date": "2023-11-03", "close": 7.07, "volume": 173040, "typical_volume": 671831.05, "trend": 6.894667, "fair_value": 3.794872, "relative_strength": 30.25981, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.203662, "energy": 17.928001, "activity_lines": [ 7.172667, 7.388909, 7.408238, 7.285075 ] }, { "date": "2023-11-10", "close": 7.24, "volume": 300123, "typical_volume": 600224.65, "trend": 7.001667, "fair_value": 3.819487, "relative_strength": 30.432755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.64884, "energy": 21.895668, "activity_lines": [ 7.154667, 7.341636, 7.403476, 7.307355 ] }, { "date": "2023-11-17", "close": 7.25, "volume": 289290, "typical_volume": 538039.15, "trend": 7.092667, "fair_value": 3.840641, "relative_strength": 25.084999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.69891, "energy": 16.403456, "activity_lines": [ 7.168, 7.300909, 7.394905, 7.323376 ] }, { "date": "2023-11-24", "close": 7.24, "volume": 146060, "typical_volume": 505292.15, "trend": 7.176333, "fair_value": 3.861923, "relative_strength": 22.863247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.754211, "energy": 11.655235, "activity_lines": [ 7.208667, 7.264182, 7.383, 7.332882 ] }, { "date": "2023-12-01", "close": 7.14, "volume": 293020, "typical_volume": 488333.15, "trend": 7.240333, "fair_value": 3.883782, "relative_strength": 18.739119, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.818259, "energy": 12.689379, "activity_lines": [ 7.197333, 7.219455, 7.359286, 7.330538 ] }, { "date": "2023-12-08", "close": 7.12, "volume": 162100, "typical_volume": 453388.15, "trend": 7.295333, "fair_value": 3.905321, "relative_strength": 17.411433, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.814952, "energy": 14.0581, "activity_lines": [ 7.174667, 7.184727, 7.331762, 7.322774 ] }, { "date": "2023-12-15", "close": 7.22, "volume": 211089, "typical_volume": 432042.6, "trend": 7.322, "fair_value": 3.928205, "relative_strength": 15.806416, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.455752, "energy": 21.389172, "activity_lines": [ 7.182, 7.18, 7.315286, 7.317914 ] }, { "date": "2023-12-22", "close": 7.19, "volume": 358158, "typical_volume": 423350.5, "trend": 7.324667, "fair_value": 3.952821, "relative_strength": 14.569079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.655687, "energy": 22.425196, "activity_lines": [ 7.180667, 7.177818, 7.295714, 7.309398 ] }, { "date": "2023-12-29", "close": 7.04, "volume": 771000, "typical_volume": 405000.5, "trend": 7.255667, "fair_value": 3.977949, "relative_strength": 9.003685, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.694302, "energy": 22.498802, "activity_lines": [ 7.133333, 7.157818, 7.26281, 7.291032 ] }, { "date": "2024-01-05", "close": 7.15, "volume": 112080, "typical_volume": 371354.5, "trend": 7.256333, "fair_value": 4.004295, "relative_strength": 12.126903, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.338111, "energy": 16.403431, "activity_lines": [ 7.136, 7.156364, 7.243333, 7.284215 ] }, { "date": "2024-01-12", "close": 7.1, "volume": 158234, "typical_volume": 352066.2, "trend": 7.249667, "fair_value": 4.029487, "relative_strength": 10.237301, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.767215, "energy": 22.337664, "activity_lines": [ 7.121333, 7.144364, 7.220143, 7.274129 ] }, { "date": "2024-01-19", "close": 7.09, "volume": 106085, "typical_volume": 340520.45, "trend": 7.278, "fair_value": 4.055256, "relative_strength": 7.907331, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.203482, "energy": 43.13095, "activity_lines": [ 7.104667, 7.13, 7.196857, 7.263828 ] }, { "date": "2024-01-26", "close": 7.41, "volume": 363070, "typical_volume": 336723.95, "trend": 7.3, "fair_value": 4.083654, "relative_strength": 9.612757, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.333168, "energy": 10.942943, "activity_lines": [ 7.203333, 7.176545, 7.206, 7.272344 ] }, { "date": "2024-02-02", "close": 7.34, "volume": 172111, "typical_volume": 316029.5, "trend": 7.319333, "fair_value": 4.112692, "relative_strength": 7.007009, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.189494, "energy": 13.886206, "activity_lines": [ 7.264, 7.207455, 7.209238, 7.274925 ] }, { "date": "2024-02-09", "close": 7.39, "volume": 155020, "typical_volume": 303260.5, "trend": 7.341, "fair_value": 4.144936, "relative_strength": 6.378606, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -1.719501, "energy": 14.634478, "activity_lines": [ 7.321333, 7.245636, 7.219429, 7.279484 ] }, { "date": "2024-02-16", "close": 7.66, "volume": 162000, "typical_volume": 298617.3, "trend": 7.348333, "fair_value": 4.179551, "relative_strength": 6.234737, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 39.615669, "energy": 50.15637, "activity_lines": [ 7.452667, 7.328364, 7.257714, 7.300065 ] }, { "date": "2024-02-23", "close": 7.64, "volume": 406048, "typical_volume": 303279.15, "trend": 7.364, "fair_value": 4.214231, "relative_strength": 3.379558, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.436424, "energy": 59.489651, "activity_lines": [ 7.54, 7.397636, 7.294619, 7.318882 ] }, { "date": "2024-03-01", "close": 7.95, "volume": 755038, "typical_volume": 327971.05, "trend": 7.382667, "fair_value": 4.246282, "relative_strength": 6.200748, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.359687, "energy": 74.440488, "activity_lines": [ 7.694, 7.515636, 7.361143, 7.356688 ] }, { "date": "2024-03-08", "close": 8.23, "volume": 605021, "typical_volume": 303042.35, "trend": 7.401667, "fair_value": 4.280769, "relative_strength": 4.229125, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.887485, "energy": 92.737911, "activity_lines": [ 7.905333, 7.670727, 7.45319, 7.411355 ] }, { "date": "2024-03-15", "close": 7.7, "volume": 906000, "typical_volume": 330229.35, "trend": 7.412667, "fair_value": 4.312179, "relative_strength": -2.775661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.94689, "energy": 67.258695, "activity_lines": [ 7.880667, 7.707818, 7.488714, 7.430602 ] }, { "date": "2024-03-22", "close": 7.8, "volume": 413000, "typical_volume": 342227.35, "trend": 7.43, "fair_value": 4.343718, "relative_strength": -4.952128, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.644249, "energy": 52.698799, "activity_lines": [ 7.868667, 7.753091, 7.530762, 7.455591 ] }, { "date": "2024-03-29", "close": 7.93, "volume": 186000, "typical_volume": 336521.2, "trend": 7.444333, "fair_value": 4.376282, "relative_strength": -4.475769, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.814652, "energy": 47.343759, "activity_lines": [ 7.890667, 7.809273, 7.581714, 7.487849 ] }, { "date": "2024-04-05", "close": 7.79, "volume": 214000, "typical_volume": 332756.7, "trend": 7.451667, "fair_value": 4.408462, "relative_strength": -7.085599, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.992827, "energy": 34.35794, "activity_lines": [ 7.846667, 7.824727, 7.616048, 7.510151 ] }, { "date": "2024-04-12", "close": 7.68, "volume": 419000, "typical_volume": 346403.7, "trend": 7.447667, "fair_value": 4.439936, "relative_strength": -10.649247, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.906826, "energy": 26.126576, "activity_lines": [ 7.776667, 7.813273, 7.637333, 7.524882 ] }, { "date": "2024-04-19", "close": 7.3, "volume": 391010, "typical_volume": 351303.2, "trend": 7.428, "fair_value": 4.469295, "relative_strength": -10.160703, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.022218, "energy": 13.444658, "activity_lines": [ 7.616667, 7.726545, 7.620333, 7.515355 ] }, { "date": "2024-04-26", "close": 7.46, "volume": 389000, "typical_volume": 362648.2, "trend": 7.417667, "fair_value": 4.491859, "relative_strength": -11.174894, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.008476, "energy": 18.320819, "activity_lines": [ 7.536667, 7.670545, 7.61781, 7.517419 ] }, { "date": "2024-05-03", "close": 7.4, "volume": 113000, "typical_volume": 357743.75, "trend": 7.409, "fair_value": 4.519167, "relative_strength": -12.918698, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.4805, "energy": 15.689546, "activity_lines": [ 7.459333, 7.607273, 7.607952, 7.51628 ] }, { "date": "2024-05-10", "close": 7.26, "volume": 345000, "typical_volume": 357085.85, "trend": 7.394, "fair_value": 4.545192, "relative_strength": -16.118977, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.764099, "energy": 24.658479, "activity_lines": [ 7.370667, 7.522909, 7.583905, 7.506667 ] }, { "date": "2024-05-17", "close": 6.29, "volume": 1289000, "typical_volume": 382985.85, "trend": 7.371667, "fair_value": 4.565, "relative_strength": -28.874542, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.184017, "energy": 57.584914, "activity_lines": [ 6.994, 7.274727, 7.467143, 7.435441 ] }, { "date": "2024-05-24", "close": 6.46, "volume": 182000, "typical_volume": 386481.85, "trend": 7.351333, "fair_value": 4.587179, "relative_strength": -27.552206, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.637663, "energy": 68.914387, "activity_lines": [ 6.766667, 7.092727, 7.370143, 7.376624 ] }, { "date": "2024-05-31", "close": 6.39, "volume": 176000, "typical_volume": 387370.15, "trend": 7.328667, "fair_value": 4.609936, "relative_strength": -26.17747, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.321966, "energy": 82.397329, "activity_lines": [ 6.572, 6.920545, 7.269762, 7.314602 ] }, { "date": "2024-06-07", "close": 6.59, "volume": 133000, "typical_volume": 388715.9, "trend": 7.307, "fair_value": 4.63359, "relative_strength": -25.828533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.094389, "energy": 78.917228, "activity_lines": [ 6.515333, 6.810364, 7.19181, 7.266946 ] }, { "date": "2024-06-14", "close": 6.85, "volume": 188000, "typical_volume": 379962.4, "trend": 7.293667, "fair_value": 4.658397, "relative_strength": -24.696572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.303602, "energy": 70.852448, "activity_lines": [ 6.599333, 6.771818, 7.141, 7.237462 ] }, { "date": "2024-06-21", "close": 7.02, "volume": 256000, "typical_volume": 384156.85, "trend": 7.286333, "fair_value": 4.684744, "relative_strength": -25.095532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.181733, "energy": 41.022863, "activity_lines": [ 6.767333, 6.781273, 7.109048, 7.219806 ] }, { "date": "2024-06-28", "close": 7.35, "volume": 549000, "typical_volume": 403855.85, "trend": 7.293333, "fair_value": 4.712692, "relative_strength": -20.518283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.991325, "energy": 19.335366, "activity_lines": [ 6.996667, 6.862727, 7.110048, 7.223914 ] }, { "date": "2024-07-05", "close": 7.33, "volume": 393000, "typical_volume": 415405.85, "trend": 7.300333, "fair_value": 4.739744, "relative_strength": -22.14654, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.070751, "energy": 22.139503, "activity_lines": [ 7.16, 6.939636, 7.109333, 7.22628 ] }, { "date": "2024-07-12", "close": 7.25, "volume": 244000, "typical_volume": 407303.45, "trend": 7.301333, "fair_value": 4.766346, "relative_strength": -23.838207, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.092522, "energy": 22.590459, "activity_lines": [ 7.234, 7.004364, 7.102571, 7.223032 ] }, { "date": "2024-07-19", "close": 7.19, "volume": 98000, "typical_volume": 374451.55, "trend": 7.301333, "fair_value": 4.792244, "relative_strength": -20.53814, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.52587, "energy": 21.272922, "activity_lines": [ 7.244, 7.060909, 7.091952, 7.215849 ] }, { "date": "2024-07-26", "close": 7.22, "volume": 175000, "typical_volume": 352950.5, "trend": 7.307333, "fair_value": 4.818269, "relative_strength": -17.145622, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.907845, "energy": 13.93401, "activity_lines": [ 7.241333, 7.124182, 7.08781, 7.210602 ] }, { "date": "2024-08-02", "close": 7.2, "volume": 134000, "typical_volume": 314350.5, "trend": 7.309, "fair_value": 4.844679, "relative_strength": -15.098701, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.036204, "energy": 10.342577, "activity_lines": [ 7.218667, 7.166909, 7.086571, 7.203677 ] }, { "date": "2024-08-09", "close": 7.22, "volume": 241000, "typical_volume": 305750.5, "trend": 7.313, "fair_value": 4.87141, "relative_strength": -13.662298, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.954547, "energy": 8.260131, "activity_lines": [ 7.212667, 7.199818, 7.089619, 7.197935 ] }, { "date": "2024-08-16", "close": 7.14, "volume": 197000, "typical_volume": 306300.5, "trend": 7.314667, "fair_value": 4.897628, "relative_strength": -17.450494, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.03697, "energy": 11.164618, "activity_lines": [ 7.187333, 7.203091, 7.08781, 7.186774 ] }, { "date": "2024-08-23", "close": 7.17, "volume": 531000, "typical_volume": 322150.5, "trend": 7.306667, "fair_value": 4.924167, "relative_strength": -15.894384, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.092534, "energy": 10.962045, "activity_lines": [ 7.179333, 7.201818, 7.092619, 7.177441 ] }, { "date": "2024-08-30", "close": 7.22, "volume": 457000, "typical_volume": 324050.5, "trend": 7.302667, "fair_value": 4.951282, "relative_strength": -15.190742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.345024, "energy": 9.708196, "activity_lines": [ 7.189333, 7.203818, 7.105143, 7.171849 ] }, { "date": "2024-09-06", "close": 7.2, "volume": 292000, "typical_volume": 319100.0, "trend": 7.296333, "fair_value": 4.978205, "relative_strength": -11.6023, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.341293, "energy": 9.773538, "activity_lines": [ 7.192667, 7.198545, 7.117952, 7.165226 ] }, { "date": "2024-09-13", "close": 7.15, "volume": 63000, "typical_volume": 302800.0, "trend": 7.279333, "fair_value": 5.004808, "relative_strength": -12.941875, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.670069, "energy": 9.450137, "activity_lines": [ 7.179333, 7.186909, 7.126476, 7.155785 ] }, { "date": "2024-09-20", "close": 7.16, "volume": 26000, "typical_volume": 298450.0, "trend": 7.263333, "fair_value": 5.031667, "relative_strength": -13.690967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.292997, "energy": 9.445059, "activity_lines": [ 7.174, 7.180364, 7.137429, 7.148086 ] }, { "date": "2024-09-27", "close": 7.21, "volume": 227001, "typical_volume": 292550.05, "trend": 7.238667, "fair_value": 5.058782, "relative_strength": -14.918612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.301976, "energy": 4.67632, "activity_lines": [ 7.184, 7.184545, 7.154286, 7.144645 ] }, { "date": "2024-10-04", "close": 7.15, "volume": 55000, "typical_volume": 230850.05, "trend": 7.202667, "fair_value": 5.085833, "relative_strength": -13.014554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.509573, "energy": 6.692135, "activity_lines": [ 7.171333, 7.177455, 7.165667, 7.138925 ] }, { "date": "2024-10-11", "close": 7.16, "volume": 133000, "typical_volume": 228400.05, "trend": 7.184667, "fair_value": 5.112628, "relative_strength": -14.516312, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.037855, "energy": 9.676982, "activity_lines": [ 7.166667, 7.173455, 7.173905, 7.136172 ] }, { "date": "2024-10-18", "close": 7.17, "volume": 354550, "typical_volume": 237327.55, "trend": 7.163667, "fair_value": 5.139359, "relative_strength": -16.009914, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.439865, "energy": 6.299432, "activity_lines": [ 7.168, 7.172, 7.179762, 7.135226 ] }, { "date": "2024-10-25", "close": 7.13, "volume": 203000, "typical_volume": 240827.55, "trend": 7.137, "fair_value": 5.165897, "relative_strength": -15.3873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.654092, "energy": 9.003373, "activity_lines": [ 7.154667, 7.164182, 7.178095, 7.133054 ] }, { "date": "2024-11-01", "close": 7.12, "volume": 136014, "typical_volume": 238228.25, "trend": 7.114667, "fair_value": 5.191667, "relative_strength": -12.860455, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 13.906144, "energy": 9.288805, "activity_lines": [ 7.14, 7.154727, 7.172905, 7.131957 ] }, { "date": "2024-11-08", "close": 7.1, "volume": 112000, "typical_volume": 231028.25, "trend": 7.095333, "fair_value": 5.217564, "relative_strength": -15.358456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 8.61693, "energy": 7.989059, "activity_lines": [ 7.124667, 7.142545, 7.164524, 7.131011 ] }, { "date": "2024-11-15", "close": 7.06, "volume": 75000, "typical_volume": 207328.25, "trend": 7.087333, "fair_value": 5.243526, "relative_strength": -12.308608, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 3.327439, "energy": 10.877451, "activity_lines": [ 7.099333, 7.125273, 7.151952, 7.128731 ] }, { "date": "2024-11-22", "close": 7.05, "volume": 63003, "typical_volume": 190828.4, "trend": 7.073667, "fair_value": 5.269487, "relative_strength": -12.522972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 1.539783, "energy": 13.755781, "activity_lines": [ 7.077333, 7.108727, 7.13981, 7.126323 ] }, { "date": "2024-11-29", "close": 7.0, "volume": 109000, "typical_volume": 184078.4, "trend": 7.060333, "fair_value": 5.295256, "relative_strength": -10.172878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.442759, "energy": 25.021185, "activity_lines": [ 7.046667, 7.084909, 7.124238, 7.12157 ] }, { "date": "2024-12-06", "close": 6.99, "volume": 148000, "typical_volume": 186578.4, "trend": 7.051333, "fair_value": 5.321026, "relative_strength": -13.386079, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.248924, "energy": 33.217524, "activity_lines": [ 7.021333, 7.062182, 7.108905, 7.117032 ] }, { "date": "2024-12-13", "close": 6.98, "volume": 81000, "typical_volume": 181878.4, "trend": 7.074333, "fair_value": 5.346859, "relative_strength": -12.350696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.688429, "energy": 33.492826, "activity_lines": [ 7.001333, 7.041636, 7.093571, 7.11243 ] }, { "date": "2024-12-20", "close": 6.99, "volume": 41200, "typical_volume": 177238.4, "trend": 7.092, "fair_value": 5.372949, "relative_strength": -9.743477, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.139361, "energy": 25.59356, "activity_lines": [ 6.992667, 7.026, 7.080333, 7.106989 ] }, { "date": "2024-12-27", "close": 7.0, "volume": 8000, "typical_volume": 165588.4, "trend": 7.112333, "fair_value": 5.398974, "relative_strength": -12.13549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.614438, "energy": 29.052047, "activity_lines": [ 6.992, 7.015273, 7.069048, 7.101054 ] }, { "date": "2025-01-03", "close": 6.97, "volume": 123200, "typical_volume": 161898.4, "trend": 7.125, "fair_value": 5.425, "relative_strength": -10.587221, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.359695, "energy": 26.227623, "activity_lines": [ 6.984667, 7.002182, 7.055952, 7.091871 ] }, { "date": "2025-01-10", "close": 6.81, "volume": 101000, "typical_volume": 140398.4, "trend": 7.123667, "fair_value": 5.45, "relative_strength": -12.491437, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.118596, "energy": 31.320757, "activity_lines": [ 6.926, 6.962909, 7.028429, 7.071548 ] }, { "date": "2025-01-17", "close": 6.48, "volume": 73000, "typical_volume": 121198.4, "trend": 7.105667, "fair_value": 5.472051, "relative_strength": -16.648205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.720346, "energy": 57.030775, "activity_lines": [ 6.769333, 6.869273, 6.97119, 7.030022 ] }, { "date": "2025-01-24", "close": 7.1, "volume": 19000, "typical_volume": 107548.4, "trend": 7.097333, "fair_value": 5.498333, "relative_strength": -9.568518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.205004, "energy": 31.112002, "activity_lines": [ 6.852667, 6.899636, 6.976524, 7.029656 ] }, { "date": "2025-02-07", "close": 7.09, "volume": 34005, "typical_volume": 106098.65, "trend": 7.089333, "fair_value": 5.524551, "relative_strength": -8.966702, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.733553, "energy": 21.754278, "activity_lines": [ 6.925333, 6.927455, 6.981381, 7.029183 ] }, { "date": "2025-02-14", "close": 6.88, "volume": 85030, "typical_volume": 109050.15, "trend": 7.077, "fair_value": 5.549423, "relative_strength": -9.839195, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.865153, "energy": 18.481919, "activity_lines": [ 6.922, 6.916364, 6.966524, 7.015677 ] }, { "date": "2025-02-21", "close": 6.81, "volume": 30000, "typical_volume": 99200.1, "trend": 7.064333, "fair_value": 5.573846, "relative_strength": -12.290758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.334916, "energy": 17.377153, "activity_lines": [ 6.901333, 6.894727, 6.946333, 6.998452 ] }, { "date": "2025-02-28", "close": 6.7, "volume": 108000, "typical_volume": 101850.1, "trend": 7.047, "fair_value": 5.597628, "relative_strength": -10.574793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.340165, "energy": 24.092058, "activity_lines": [ 6.844, 6.856364, 6.917571, 6.974946 ] }, { "date": "2025-03-07", "close": 6.54, "volume": 97000, "typical_volume": 100050.1, "trend": 7.025, "fair_value": 5.620064, "relative_strength": -10.173828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.182547, "energy": 42.667514, "activity_lines": [ 6.718667, 6.794, 6.875714, 6.942237 ] }, { "date": "2025-03-14", "close": 6.6, "volume": 59000, "typical_volume": 85272.6, "trend": 7.004333, "fair_value": 5.643077, "relative_strength": -6.194535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.488123, "energy": 46.806004, "activity_lines": [ 6.650667, 6.750727, 6.842524, 6.914817 ] }, { "date": "2025-03-21", "close": 6.43, "volume": 102000, "typical_volume": 80222.6, "trend": 6.980667, "fair_value": 5.665256, "relative_strength": -9.047293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.238434, "energy": 55.594632, "activity_lines": [ 6.558667, 6.683818, 6.795857, 6.877763 ] }, { "date": "2025-03-28", "close": 6.44, "volume": 67000, "typical_volume": 76771.9, "trend": 6.956333, "fair_value": 5.687564, "relative_strength": -5.851995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.858412, "energy": 59.181676, "activity_lines": [ 6.5, 6.628545, 6.753476, 6.842882 ] }, { "date": "2025-04-04", "close": 6.6, "volume": 63000, "typical_volume": 74321.9, "trend": 6.935667, "fair_value": 5.710897, "relative_strength": -1.649662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.604614, "energy": 44.014161, "activity_lines": [ 6.519333, 6.609091, 6.729571, 6.819892 ] }, { "date": "2025-04-11", "close": 6.0, "volume": 228000, "typical_volume": 81971.9, "trend": 6.895667, "fair_value": 5.730192, "relative_strength": -2.036259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.973024, "energy": 55.469278, "activity_lines": [ 6.345333, 6.478364, 6.650905, 6.759527 ] }, { "date": "2025-04-18", "close": 6.15, "volume": 109000, "typical_volume": 84271.75, "trend": 6.862333, "fair_value": 5.750705, "relative_strength": 1.436564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.123333, "energy": 56.689463, "activity_lines": [ 6.257333, 6.394909, 6.591571, 6.711419 ] }, { "date": "2025-04-25", "close": 6.16, "volume": 40000, "typical_volume": 80821.75, "trend": 6.829, "fair_value": 5.771154, "relative_strength": -0.449666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.826014, "energy": 55.838692, "activity_lines": [ 6.202667, 6.330364, 6.537476, 6.666108 ] }, { "date": "2025-05-02", "close": 6.19, "volume": 71000, "typical_volume": 76971.75, "trend": 6.795, "fair_value": 5.791923, "relative_strength": -3.934537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.880518, "energy": 59.859289, "activity_lines": [ 6.176, 6.284364, 6.490238, 6.624882 ] }, { "date": "2025-05-09", "close": 6.21, "volume": 57000, "typical_volume": 75771.75, "trend": 6.763667, "fair_value": 5.812628, "relative_strength": -3.810927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.615095, "energy": 49.014511, "activity_lines": [ 6.172667, 6.253273, 6.448714, 6.58714 ] }, { "date": "2025-05-16", "close": 6.44, "volume": 71000, "typical_volume": 77261.75, "trend": 6.739667, "fair_value": 5.835321, "relative_strength": -4.156249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.347582, "energy": 32.309713, "activity_lines": [ 6.272, 6.272909, 6.432762, 6.566258 ] }, { "date": "2025-05-23", "close": 6.4, "volume": 36000, "typical_volume": 78661.75, "trend": 6.714, "fair_value": 5.858205, "relative_strength": -3.907558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.118217, "energy": 21.951084, "activity_lines": [ 6.328667, 6.287091, 6.415619, 6.544344 ] }, { "date": "2025-05-30", "close": 6.38, "volume": 25000, "typical_volume": 73751.75, "trend": 6.689, "fair_value": 5.880256, "relative_strength": -2.835308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.793045, "energy": 16.911111, "activity_lines": [ 6.362, 6.301273, 6.399429, 6.522796 ] }, { "date": "2025-06-06", "close": 6.19, "volume": 29000, "typical_volume": 70151.75, "trend": 6.658, "fair_value": 5.901154, "relative_strength": -6.99963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.887855, "energy": 18.851509, "activity_lines": [ 6.317333, 6.281818, 6.367952, 6.490602 ] }, { "date": "2025-06-13", "close": 6.15, "volume": 40000, "typical_volume": 68501.75, "trend": 6.626333, "fair_value": 5.921667, "relative_strength": -9.196546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.573901, "energy": 28.765189, "activity_lines": [ 6.259333, 6.259636, 6.335619, 6.457828 ] }, { "date": "2025-06-20", "close": 6.1, "volume": 30000, "typical_volume": 69051.75, "trend": 6.594333, "fair_value": 5.941795, "relative_strength": -9.666898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.941623, "energy": 35.173349, "activity_lines": [ 6.188667, 6.236545, 6.300095, 6.423871 ] }, { "date": "2025-06-27", "close": 6.02, "volume": 27000, "typical_volume": 68701.5, "trend": 6.56, "fair_value": 5.960833, "relative_strength": -12.76798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.178843, "energy": 48.994812, "activity_lines": [ 6.114, 6.197091, 6.261714, 6.386817 ] }, { "date": "2025-07-04", "close": 6.0, "volume": 79000, "typical_volume": 68400.0, "trend": 6.526667, "fair_value": 5.979615, "relative_strength": -12.640758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.873711, "energy": 55.296997, "activity_lines": [ 6.058, 6.156364, 6.226524, 6.350688 ] }, { "date": "2025-07-11", "close": 6.07, "volume": 70000, "typical_volume": 70400.0, "trend": 6.496, "fair_value": 5.998718, "relative_strength": -12.166187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.768831, "energy": 57.706919, "activity_lines": [ 6.050667, 6.131273, 6.20219, 6.321226 ] }, { "date": "2025-07-18", "close": 6.02, "volume": 82000, "typical_volume": 69100.0, "trend": 6.464, "fair_value": 6.017308, "relative_strength": -14.998659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.453849, "energy": 48.363626, "activity_lines": [ 6.034667, 6.099273, 6.176619, 6.290516 ] }, { "date": "2025-07-25", "close": 5.7, "volume": 195000, "typical_volume": 74000.0, "trend": 6.421, "fair_value": 6.033718, "relative_strength": -19.090576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.235798, "energy": 57.739519, "activity_lines": [ 5.920667, 6.012545, 6.12381, 6.241226 ] }, { "date": "2025-08-01", "close": 5.67, "volume": 22000, "typical_volume": 72150.0, "trend": 6.376667, "fair_value": 6.05, "relative_strength": -19.32223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.439152, "energy": 68.514223, "activity_lines": [ 5.823333, 5.933818, 6.072143, 6.192774 ] }, { "date": "2025-08-08", "close": 5.35, "volume": 42000, "typical_volume": 69150.0, "trend": 6.322667, "fair_value": 6.064231, "relative_strength": -25.207631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.399386, "energy": 79.12364, "activity_lines": [ 5.642667, 5.810182, 5.994429, 6.126538 ] }, { "date": "2025-08-15", "close": 5.17, "volume": 152000, "typical_volume": 73400.0, "trend": 6.268, "fair_value": 6.077372, "relative_strength": -28.079103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.890334, "energy": 90.595385, "activity_lines": [ 5.445333, 5.672545, 5.904714, 6.052172 ] }, { "date": "2025-08-22", "close": 4.73, "volume": 263000, "typical_volume": 83400.0, "trend": 6.209667, "fair_value": 6.087756, "relative_strength": -32.089317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.748467, "energy": 96.062078, "activity_lines": [ 5.161333, 5.473455, 5.779143, 5.952946 ] }, { "date": "2025-08-29", "close": 4.65, "volume": 118000, "typical_volume": 77900.0, "trend": 6.128, "fair_value": 6.097692, "relative_strength": -33.958294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.864699, "energy": 95.008254, "activity_lines": [ 4.936667, 5.285636, 5.654857, 5.852323 ] }, { "date": "2025-09-05", "close": 4.65, "volume": 63000, "typical_volume": 75600.0, "trend": 6.046667, "fair_value": 6.107564, "relative_strength": -34.076903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.685905, "energy": 92.391939, "activity_lines": [ 4.782, 5.124182, 5.537, 5.756968 ] }, { "date": "2025-09-12", "close": 4.79, "volume": 77000, "typical_volume": 77450.0, "trend": 5.977, "fair_value": 6.118269, "relative_strength": -34.053478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.095193, "energy": 86.524698, "activity_lines": [ 4.742, 5.013091, 5.439619, 5.675892 ] }, { "date": "2025-09-19", "close": 4.57, "volume": 52000, "typical_volume": 76500.0, "trend": 5.902333, "fair_value": 6.127756, "relative_strength": -36.697383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.520261, "energy": 80.291621, "activity_lines": [ 4.666, 4.884, 5.32781, 5.585118 ] }, { "date": "2025-09-26", "close": 4.59, "volume": 72000, "typical_volume": 77250.0, "trend": 5.832, "fair_value": 6.137308, "relative_strength": -35.79667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.730586, "energy": 65.898617, "activity_lines": [ 4.636667, 4.785818, 5.225619, 5.500452 ] }, { "date": "2025-10-03", "close": 4.45, "volume": 23000, "typical_volume": 74850.0, "trend": 5.762333, "fair_value": 6.145962, "relative_strength": -39.882341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.524337, "energy": 65.522359, "activity_lines": [ 4.57, 4.688182, 5.11781, 5.41129 ] }, { "date": "2025-10-10", "close": 4.49, "volume": 17000, "typical_volume": 73900.0, "trend": 5.692, "fair_value": 6.154679, "relative_strength": -39.891125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.414111, "energy": 62.718655, "activity_lines": [ 4.53, 4.620545, 5.023286, 5.329204 ] }, { "date": "2025-10-17", "close": 4.51, "volume": 55000, "typical_volume": 75400.0, "trend": 5.628, "fair_value": 6.163526, "relative_strength": -38.99207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.483359, "energy": 57.702964, "activity_lines": [ 4.507333, 4.578, 4.939762, 5.252946 ] }, { "date": "2025-10-24", "close": 3.84, "volume": 423480, "typical_volume": 95124.0, "trend": 5.541333, "fair_value": 6.168141, "relative_strength": -47.875255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.616809, "energy": 70.452643, "activity_lines": [ 4.28, 4.428909, 4.801333, 5.137591 ] }, { "date": "2025-10-31", "close": 3.22, "volume": 618000, "typical_volume": 124024.0, "trend": 5.428667, "fair_value": 6.169167, "relative_strength": -56.782337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.118658, "energy": 83.241988, "activity_lines": [ 3.894667, 4.191273, 4.615048, 4.987828 ] }, { "date": "2025-11-07", "close": 3.05, "volume": 364001, "typical_volume": 140724.05, "trend": 5.330333, "fair_value": 6.169231, "relative_strength": -57.57724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.408437, "energy": 93.780283, "activity_lines": [ 3.544, 3.950182, 4.426524, 4.834366 ] }, { "date": "2025-11-14", "close": 3.09, "volume": 240000, "typical_volume": 151374.05, "trend": 5.228333, "fair_value": 6.169872, "relative_strength": -56.00874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.768543, "energy": 91.507211, "activity_lines": [ 3.3, 3.745455, 4.256333, 4.689828 ] }, { "date": "2025-11-21", "close": 2.99, "volume": 192000, "typical_volume": 157024.05, "trend": 5.122667, "fair_value": 6.170256, "relative_strength": -55.219627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.162964, "energy": 90.405731, "activity_lines": [ 3.116, 3.550909, 4.090571, 4.545419 ] }, { "date": "2025-11-28", "close": 3.02, "volume": 177010, "typical_volume": 162374.55, "trend": 5.017, "fair_value": 6.170321, "relative_strength": -56.057031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.766847, "energy": 86.90576, "activity_lines": [ 3.043333, 3.394545, 3.942, 4.409763 ] }, { "date": "2025-12-05", "close": 3.02, "volume": 28008, "typical_volume": 159674.95, "trend": 4.910667, "fair_value": 6.170385, "relative_strength": -55.909793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.362119, "energy": 68.435848, "activity_lines": [ 3.025333, 3.266364, 3.807952, 4.280925 ] }, { "date": "2025-12-12", "close": 3.02, "volume": 78000, "typical_volume": 153824.95, "trend": 4.796667, "fair_value": 6.170449, "relative_strength": -55.571204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.549779, "energy": 66.231146, "activity_lines": [ 3.020667, 3.166727, 3.68819, 4.158946 ] }, { "date": "2025-12-19", "close": 3.2, "volume": 40000, "typical_volume": 154724.95, "trend": 4.69, "fair_value": 6.171667, "relative_strength": -51.341929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.818392, "energy": 62.709762, "activity_lines": [ 3.078, 3.125818, 3.598333, 4.055935 ] }, { "date": "2025-12-26", "close": 3.2, "volume": 57000, "typical_volume": 155474.95, "trend": 4.584, "fair_value": 6.172949, "relative_strength": -52.035818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.993721, "energy": 54.853275, "activity_lines": [ 3.128, 3.108364, 3.520238, 3.959806 ] }, { "date": "2026-01-02", "close": 3.2, "volume": 71000, "typical_volume": 151424.95, "trend": 4.484333, "fair_value": 6.174423, "relative_strength": -52.584828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.513023, "energy": 47.854742, "activity_lines": [ 3.164, 3.114727, 3.452381, 3.870516 ] }, { "date": "2026-01-09", "close": 3.05, "volume": 215000, "typical_volume": 149024.95, "trend": 4.381, "fair_value": 6.174872, "relative_strength": -55.450257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.408726, "energy": 44.513806, "activity_lines": [ 3.138, 3.105455, 3.379619, 3.777978 ] }, { "date": "2026-01-16", "close": 3.15, "volume": 180000, "typical_volume": 152124.95, "trend": 4.282667, "fair_value": 6.175833, "relative_strength": -54.878851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.904142, "energy": 40.718672, "activity_lines": [ 3.143333, 3.117455, 3.324381, 3.698559 ] }, { "date": "2026-01-23", "close": 3.02, "volume": 124000, "typical_volume": 155174.95, "trend": 4.182667, "fair_value": 6.176026, "relative_strength": -56.796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.287505, "energy": 48.142174, "activity_lines": [ 3.096667, 3.104, 3.263905, 3.617097 ] }, { "date": "2026-01-30", "close": 3.14, "volume": 337000, "typical_volume": 168174.95, "trend": 4.087333, "fair_value": 6.176987, "relative_strength": -54.405163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.953394, "energy": 46.877819, "activity_lines": [ 3.102, 3.113636, 3.222619, 3.549828 ] }, { "date": "2026-02-06", "close": 3.15, "volume": 270010, "typical_volume": 179075.45, "trend": 3.99, "fair_value": 6.178077, "relative_strength": -53.00212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.152369, "energy": 42.974648, "activity_lines": [ 3.114667, 3.122364, 3.190143, 3.489355 ] }, { "date": "2026-02-13", "close": 3.12, "volume": 39000, "typical_volume": 177425.45, "trend": 3.893333, "fair_value": 6.178462, "relative_strength": -55.138768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.261714, "energy": 41.197742, "activity_lines": [ 3.120667, 3.123273, 3.161571, 3.433226 ] }, { "date": "2026-02-27", "close": 3.23, "volume": 139000, "typical_volume": 183225.45, "trend": 3.811, "fair_value": 6.176987, "relative_strength": -55.112592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.458781, "energy": 29.447286, "activity_lines": [ 3.158667, 3.142364, 3.150476, 3.39043 ] }, { "date": "2026-03-06", "close": 3.0, "volume": 90000, "typical_volume": 186875.45, "trend": 3.722, "fair_value": 6.175321, "relative_strength": -55.203212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.384663, "energy": 38.424875, "activity_lines": [ 3.114667, 3.115818, 3.123286, 3.338108 ] }, { "date": "2026-03-13", "close": 3.16, "volume": 92000, "typical_volume": 188725.45, "trend": 3.649, "fair_value": 6.174808, "relative_strength": -51.622042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.487762, "energy": 23.220316, "activity_lines": [ 3.125333, 3.122, 3.118429, 3.301849 ] }, { "date": "2026-03-20", "close": 3.13, "volume": 232000, "typical_volume": 179151.45, "trend": 3.581, "fair_value": 6.172949, "relative_strength": -51.294385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.01836, "energy": 20.693468, "activity_lines": [ 3.124667, 3.123455, 3.117143, 3.268366 ] }, { "date": "2026-03-27", "close": 3.18, "volume": 157000, "typical_volume": 156101.45, "trend": 3.529333, "fair_value": 6.171538, "relative_strength": -48.87895, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.313632, "energy": 18.676467, "activity_lines": [ 3.142, 3.135273, 3.124, 3.242495 ] }, { "date": "2026-04-03", "close": 3.1, "volume": 184000, "typical_volume": 147101.4, "trend": 3.477667, "fair_value": 6.169615, "relative_strength": -48.263814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.83561, "energy": 18.334611, "activity_lines": [ 3.128667, 3.130182, 3.123429, 3.214796 ] }, { "date": "2026-04-10", "close": 3.1, "volume": 137000, "typical_volume": 141951.4, "trend": 3.426, "fair_value": 6.167564, "relative_strength": -51.287874, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.9852, "energy": 18.50672, "activity_lines": [ 3.124, 3.126, 3.122619, 3.19043 ] }, { "date": "2026-04-17", "close": 3.1, "volume": 219000, "typical_volume": 143301.4, "trend": 3.369667, "fair_value": 6.165385, "relative_strength": -51.976758, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.176285, "energy": 21.410199, "activity_lines": [ 3.112667, 3.120364, 3.121762, 3.169398 ] }, { "date": "2026-04-24", "close": 2.94, "volume": 178000, "typical_volume": 143350.9, "trend": 3.315333, "fair_value": 6.158397, "relative_strength": -55.773414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.835672, "energy": 33.052863, "activity_lines": [ 3.052, 3.086364, 3.105143, 3.141677 ] }, { "date": "2026-05-01", "close": 2.85, "volume": 166077, "typical_volume": 150254.35, "trend": 3.257333, "fair_value": 6.147692, "relative_strength": -55.946223, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.888097, "energy": 49.990112, "activity_lines": [ 2.974, 3.039818, 3.080333, 3.111656 ] }, { "date": "2026-05-08", "close": 2.92, "volume": 343000, "typical_volume": 163504.35, "trend": 3.206333, "fair_value": 6.13609, "relative_strength": -56.626566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.757024, "energy": 53.160917, "activity_lines": [ 2.941333, 3.010909, 3.063, 3.089892 ] }, { "date": "2026-05-15", "close": 2.67, "volume": 418001, "typical_volume": 182404.4, "trend": 3.145667, "fair_value": 6.119744, "relative_strength": -58.787708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.347534, "energy": 67.671764, "activity_lines": [ 2.837333, 2.942182, 3.022333, 3.05529 ] }, { "date": "2026-05-22", "close": 2.51, "volume": 486000, "typical_volume": 203854.4, "trend": 3.079, "fair_value": 6.100769, "relative_strength": -61.143544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.866782, "energy": 75.093287, "activity_lines": [ 2.708667, 2.850364, 2.968952, 3.01428 ] }, { "date": "2026-05-29", "close": 2.8, "volume": 450000, "typical_volume": 222804.4, "trend": 3.044333, "fair_value": 6.077564, "relative_strength": -57.805647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.684724, "energy": 60.29414, "activity_lines": [ 2.716, 2.823091, 2.946476, 2.99628 ] }, { "date": "2026-06-05", "close": 3.95, "volume": 1246000, "typical_volume": 274354.4, "trend": 3.068667, "fair_value": 6.057308, "relative_strength": -39.258983, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.833757, "energy": 11.284442, "activity_lines": [ 3.116, 3.010909, 3.035429, 3.05471 ] }, { "date": "2026-06-12", "close": 3.5, "volume": 283000, "typical_volume": 279504.4, "trend": 3.083667, "fair_value": 6.021346, "relative_strength": -43.525261, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.639142, "energy": 25.665292, "activity_lines": [ 3.292667, 3.102909, 3.077238, 3.082538 ] }, { "date": "2026-06-19", "close": 3.4, "volume": 79000, "typical_volume": 277254.4, "trend": 3.094, "fair_value": 5.997436, "relative_strength": -46.33889, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.217222, "energy": 44.805013, "activity_lines": [ 3.397333, 3.169455, 3.107857, 3.102946 ] }, { "date": "2026-06-26", "close": 3.3, "volume": 104605, "typical_volume": 265634.65, "trend": 3.104333, "fair_value": 5.971795, "relative_strength": -44.107192, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.942477, "energy": 45.979916, "activity_lines": [ 3.42, 3.212364, 3.127143, 3.116237 ] }, { "date": "2026-07-03", "close": 3.2, "volume": 60000, "typical_volume": 255134.15, "trend": 3.110333, "fair_value": 5.952308, "relative_strength": -46.830119, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.939303, "energy": 44.635777, "activity_lines": [ 3.356667, 3.233455, 3.136143, 3.122409 ] }, { "date": "2026-07-10", "close": 3.0, "volume": 0, "typical_volume": 253184.15, "trend": 3.109667, "fair_value": 5.928269, "relative_strength": -47.001892, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.587012, "energy": 13.537865, "activity_lines": [ 3.2, 3.213455, 3.125857, 3.11529 ] }, { "date": "2026-07-17", "close": 3.1, "volume": 129000, "typical_volume": 252684.15, "trend": 3.112333, "fair_value": 5.904808, "relative_strength": -39.996409, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.852229, "energy": 14.716029, "activity_lines": [ 3.14, 3.208909, 3.125667, 3.114667 ] }, { "date": "2026-07-24", "close": 3.15, "volume": 80000, "typical_volume": 252184.15, "trend": 3.110667, "fair_value": 5.881795, "relative_strength": -38.595112, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.009996, "energy": 15.70793, "activity_lines": [ 3.123333, 3.210182, 3.130857, 3.117097 ] }, { "date": "2026-07-31", "close": 3.28, "volume": 151000, "typical_volume": 255134.15, "trend": 3.113333, "fair_value": 5.855128, "relative_strength": -33.438646, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.600252, "energy": 15.515322, "activity_lines": [ 3.166667, 3.226364, 3.147714, 3.128022 ] }, { "date": "2026-08-07", "close": 3.07, "volume": 256000, "typical_volume": 256334.15, "trend": 3.109, "fair_value": 5.828846, "relative_strength": -37.442134, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.172167, "energy": 9.955166, "activity_lines": [ 3.141333, 3.190364, 3.144, 3.125226 ] }, { "date": "2026-08-14", "close": 3.11, "volume": 29000, "typical_volume": 249934.15, "trend": 3.111, "fair_value": 5.80141, "relative_strength": -37.132864, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.453859, "energy": 8.943759, "activity_lines": [ 3.138, 3.156727, 3.144381, 3.12529 ] } ], "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." } } }