{ "ticker": { "uuid": "f83850aa-7f4e-4fef-85bd-3170cbcacf15", "symbol": "ETER3", "name": "Eternit S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 91.273, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -57.483, "architecture_energy": 26.038, "architecture_maturity": 35.148, "architecture_confidence": 86.221, "architecture_tenure": "Developing", "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": 38.0, "rotation_up": 24.89, "upward_expansion": 8.83, "deceleration": 51.29, "rotation_down": 41.65, "downward_expansion": 68.49 }, "activity_lines": [ 3.67, 3.681273, 3.720984, 3.756824 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 3.54, "trend_reference": 3.799937, "distance_from_trend": -0.068406, "trend_direction": "Weakening", "fair_value": 5.17953, "distance_from_fair_value": -0.31654, "fair_value_direction": "Weakening", "relative_strength": -13.741374, "relative_strength_direction": "Improving", "price_momentum": -0.082277, "excess_performance": -0.025229, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.068406, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.016598, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.31654, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.023758, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.137414, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.012342, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.082277, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.378338, "read": "Supply-led" } ], "volume": { "latest": 302600, "relative_activity": 0.661457, "balance": 0.378338, "dry_up": 0.553855, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.067145, "annualized_volatility": 0.262687, "from_high_reference": -0.250153, "from_low_reference": 0.026087 }, "levels": { "trend_reference": 3.799937, "fair_value_reference": 5.17953, "structural_low": 3.45, "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": 40, "median_return": 0.008428, "positive_rate": 0.55, "directional_follow_through": 0.425, "median_excess_return": -0.00338, "regime_survival": 0.725, "best_return": 0.268305, "worst_return": -0.161859, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.011076, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.044724, "regime_survival": 0.428571, "best_return": 0.239989, "worst_return": -0.187738, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.049647, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.185901, "regime_survival": 0.625, "best_return": 0.347119, "worst_return": -0.224106, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.172442, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.282889, "regime_survival": 0.5, "best_return": -0.059226, "worst_return": -0.290908, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": -0.092382, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": -0.032443, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": 0.09237, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.09539, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-09-05", "tenure": "Established", "return": 0.006316, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": -0.111801, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-11-14", "tenure": "Developing", "return": -0.051282, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-12-26", "tenure": "Developing", "return": 0.007389, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": -0.01956, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-04-03", "tenure": "Developing", "return": 0.009514, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": -0.019231, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.022556, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.129353, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.022099, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.011222, "volume": 1486400, "typical_volume": 1387800.0, "trend": 9.359139, "fair_value": 11.67176, "relative_strength": -20.188774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.90884, "energy": 64.728913, "activity_lines": [ 8.600369, 9.067166, 9.344579, 9.235525 ] }, { "date": "2023-08-25", "close": 7.993459, "volume": 1090800, "typical_volume": 1361430.0, "trend": 9.22611, "fair_value": 11.700216, "relative_strength": -20.098444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -46.242524, "energy": 67.637169, "activity_lines": [ 8.304907, 8.79878, 9.226394, 9.147417 ] }, { "date": "2023-09-01", "close": 7.88688, "volume": 1166100, "typical_volume": 1329230.0, "trend": 9.074548, "fair_value": 11.726106, "relative_strength": -21.925428, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.330553, "energy": 71.214518, "activity_lines": [ 8.071025, 8.565597, 9.097928, 9.061015 ] }, { "date": "2023-09-08", "close": 7.904644, "volume": 969500, "typical_volume": 1335635.0, "trend": 8.93709, "fair_value": 11.752448, "relative_strength": -19.537665, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.659589, "energy": 68.868545, "activity_lines": [ 7.947867, 8.376015, 8.974133, 8.985537 ] }, { "date": "2023-09-15", "close": 7.904644, "volume": 1291600, "typical_volume": 1324570.0, "trend": 8.88922, "fair_value": 11.771501, "relative_strength": -21.221915, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.209165, "energy": 64.592731, "activity_lines": [ 7.920038, 8.221636, 8.852099, 8.918928 ] }, { "date": "2023-09-22", "close": 7.655958, "volume": 974500, "typical_volume": 1323860.0, "trend": 8.848335, "fair_value": 11.790843, "relative_strength": -21.091495, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.716221, "energy": 75.555149, "activity_lines": [ 7.825301, 8.0566, 8.708015, 8.839362 ] }, { "date": "2023-09-29", "close": 7.167468, "volume": 1689300, "typical_volume": 1309015.0, "trend": 8.800566, "fair_value": 11.806667, "relative_strength": -25.830047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.966667, "energy": 81.457003, "activity_lines": [ 7.591418, 7.837143, 8.520816, 8.730919 ] }, { "date": "2023-10-06", "close": 6.927664, "volume": 1385400, "typical_volume": 1284595.0, "trend": 8.757729, "fair_value": 11.815016, "relative_strength": -26.286544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.234218, "energy": 87.77377, "activity_lines": [ 7.332667, 7.615587, 8.3184, 8.610087 ] }, { "date": "2023-10-13", "close": 6.954309, "volume": 980200, "typical_volume": 1256450.0, "trend": 8.716073, "fair_value": 11.814944, "relative_strength": -26.466152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.774056, "energy": 88.46961, "activity_lines": [ 7.146744, 7.444898, 8.131336, 8.493737 ] }, { "date": "2023-10-20", "close": 7.087533, "volume": 1897000, "typical_volume": 1289705.0, "trend": 8.68062, "fair_value": 11.812782, "relative_strength": -22.872554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.883265, "energy": 81.643016, "activity_lines": [ 7.068586, 7.34171, 7.971805, 8.38867 ] }, { "date": "2023-10-27", "close": 6.803321, "volume": 1171600, "typical_volume": 1302600.0, "trend": 8.632463, "fair_value": 11.811452, "relative_strength": -25.646396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.506979, "energy": 77.797661, "activity_lines": [ 6.950164, 7.206063, 7.799459, 8.267554 ] }, { "date": "2023-11-03", "close": 7.380628, "volume": 1486400, "typical_volume": 1276930.0, "trend": 8.612949, "fair_value": 11.797507, "relative_strength": -22.224451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.723248, "energy": 55.191765, "activity_lines": [ 7.08102, 7.197343, 7.697701, 8.18679 ] }, { "date": "2023-11-10", "close": 7.771419, "volume": 1373300, "typical_volume": 1285030.0, "trend": 8.588249, "fair_value": 11.791378, "relative_strength": -19.399246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.34502, "energy": 40.998338, "activity_lines": [ 7.32793, 7.270818, 7.650375, 8.132498 ] }, { "date": "2023-11-17", "close": 8.055109, "volume": 1333700, "typical_volume": 1293385.0, "trend": 8.580937, "fair_value": 11.787501, "relative_strength": -19.13233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.062123, "energy": 24.377751, "activity_lines": [ 7.613152, 7.397973, 7.64119, 8.098102 ] }, { "date": "2023-11-24", "close": 7.884868, "volume": 809700, "typical_volume": 1279860.0, "trend": 8.568831, "fair_value": 11.764914, "relative_strength": -20.780491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.104414, "energy": 27.565454, "activity_lines": [ 7.768241, 7.491439, 7.624295, 8.053194 ] }, { "date": "2023-12-01", "close": 7.902787, "volume": 765900, "typical_volume": 1243055.0, "trend": 8.553211, "fair_value": 11.733898, "relative_strength": -21.860389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.478741, "energy": 26.38107, "activity_lines": [ 7.876147, 7.588522, 7.618251, 8.010224 ] }, { "date": "2023-12-08", "close": 8.064069, "volume": 871400, "typical_volume": 1254840.0, "trend": 8.529748, "fair_value": 11.710625, "relative_strength": -19.423562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.975552, "energy": 18.51924, "activity_lines": [ 7.964516, 7.710442, 7.635401, 7.978666 ] }, { "date": "2023-12-15", "close": 7.678784, "volume": 1561300, "typical_volume": 1295725.0, "trend": 8.465081, "fair_value": 11.691738, "relative_strength": -24.726942, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.905889, "energy": 14.347678, "activity_lines": [ 7.878893, 7.746008, 7.622457, 7.923765 ] }, { "date": "2023-12-22", "close": 7.795267, "volume": 1800400, "typical_volume": 1333520.0, "trend": 8.389198, "fair_value": 11.680354, "relative_strength": -24.567047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.796157, "energy": 10.821577, "activity_lines": [ 7.838275, 7.789096, 7.629083, 7.880552 ] }, { "date": "2023-12-29", "close": 7.78737, "volume": 725300, "typical_volume": 1241490.0, "trend": 8.312755, "fair_value": 11.66921, "relative_strength": -24.936252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.368772, "energy": 11.391761, "activity_lines": [ 7.812346, 7.815458, 7.642288, 7.841724 ] }, { "date": "2024-01-05", "close": 7.375583, "volume": 966100, "typical_volume": 1215475.0, "trend": 8.222587, "fair_value": 11.655282, "relative_strength": -27.102665, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.999145, "energy": 21.883396, "activity_lines": [ 7.655656, 7.754225, 7.617975, 7.781261 ] }, { "date": "2024-01-12", "close": 7.329828, "volume": 669700, "typical_volume": 1194420.0, "trend": 8.1004, "fair_value": 11.644342, "relative_strength": -26.293804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.948461, "energy": 26.107515, "activity_lines": [ 7.51886, 7.674269, 7.592331, 7.723664 ] }, { "date": "2024-01-19", "close": 7.064454, "volume": 1065900, "typical_volume": 1189410.0, "trend": 7.998972, "fair_value": 11.622433, "relative_strength": -26.224759, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.213968, "energy": 42.516305, "activity_lines": [ 7.342556, 7.546986, 7.544573, 7.656829 ] }, { "date": "2024-01-26", "close": 6.91804, "volume": 1330700, "typical_volume": 1207470.0, "trend": 7.901545, "fair_value": 11.605668, "relative_strength": -27.516837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.427344, "energy": 60.672649, "activity_lines": [ 7.158402, 7.405937, 7.486788, 7.587091 ] }, { "date": "2024-02-02", "close": 6.533704, "volume": 1538600, "typical_volume": 1219820.0, "trend": 7.792492, "fair_value": 11.584798, "relative_strength": -29.423201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.411886, "energy": 75.062057, "activity_lines": [ 6.904619, 7.215682, 7.397098, 7.498843 ] }, { "date": "2024-02-09", "close": 6.304933, "volume": 1219100, "typical_volume": 1232050.0, "trend": 7.684398, "fair_value": 11.564634, "relative_strength": -31.217192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.132009, "energy": 81.828086, "activity_lines": [ 6.658156, 7.008399, 7.292148, 7.402872 ] }, { "date": "2024-02-16", "close": 6.542855, "volume": 652400, "typical_volume": 1180205.0, "trend": 7.587492, "fair_value": 11.54754, "relative_strength": -28.343267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.971181, "energy": 78.857702, "activity_lines": [ 6.562377, 6.873427, 7.21629, 7.329224 ] }, { "date": "2024-02-23", "close": 6.643515, "volume": 1170400, "typical_volume": 1169455.0, "trend": 7.493645, "fair_value": 11.536014, "relative_strength": -26.985834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.784197, "energy": 73.378232, "activity_lines": [ 6.552616, 6.784415, 7.152994, 7.268322 ] }, { "date": "2024-03-01", "close": 6.222576, "volume": 4249200, "typical_volume": 1332905.0, "trend": 7.389911, "fair_value": 11.509481, "relative_strength": -30.830272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.530666, "energy": 65.486829, "activity_lines": [ 6.430605, 6.637691, 7.050961, 7.186318 ] }, { "date": "2024-03-08", "close": 6.647452, "volume": 1792600, "typical_volume": 1327685.0, "trend": 7.340011, "fair_value": 11.4751, "relative_strength": -24.317801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.421406, "energy": 44.296756, "activity_lines": [ 6.496583, 6.596813, 6.992878, 7.138417 ] }, { "date": "2024-03-15", "close": 6.600573, "volume": 779700, "typical_volume": 1308090.0, "trend": 7.29299, "fair_value": 11.424441, "relative_strength": -24.057109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.670339, "energy": 40.221163, "activity_lines": [ 6.539352, 6.568136, 6.932425, 7.090711 ] }, { "date": "2024-03-22", "close": 6.797465, "volume": 1082700, "typical_volume": 1287905.0, "trend": 7.253123, "fair_value": 11.372451, "relative_strength": -21.328218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.841702, "energy": 31.735545, "activity_lines": [ 6.628043, 6.589349, 6.891689, 7.058742 ] }, { "date": "2024-03-29", "close": 6.788088, "volume": 464700, "typical_volume": 1242475.0, "trend": 7.216497, "fair_value": 11.320659, "relative_strength": -21.477546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.69058, "energy": 21.851046, "activity_lines": [ 6.696633, 6.618537, 6.852837, 7.02874 ] }, { "date": "2024-04-05", "close": 6.853719, "volume": 579500, "typical_volume": 1204765.0, "trend": 7.181466, "fair_value": 11.270322, "relative_strength": -19.324821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.676051, "energy": 19.128366, "activity_lines": [ 6.777463, 6.664682, 6.824918, 7.005335 ] }, { "date": "2024-04-12", "close": 7.07874, "volume": 877600, "typical_volume": 1208160.0, "trend": 7.153936, "fair_value": 11.224215, "relative_strength": -15.535237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.564062, "energy": 17.286355, "activity_lines": [ 6.891223, 6.752909, 6.824151, 6.998707 ] }, { "date": "2024-04-19", "close": 7.200625, "volume": 1074600, "typical_volume": 1223595.0, "trend": 7.138758, "fair_value": 11.151565, "relative_strength": -12.969773, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.368723, "energy": 11.874173, "activity_lines": [ 7.016859, 6.853388, 6.83883, 7.001719 ] }, { "date": "2024-04-26", "close": 6.816216, "volume": 846600, "typical_volume": 1222355.0, "trend": 7.12705, "fair_value": 11.067152, "relative_strength": -17.929513, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.061435, "energy": 13.729387, "activity_lines": [ 6.974355, 6.867689, 6.820243, 6.98091 ] }, { "date": "2024-05-03", "close": 6.703707, "volume": 623300, "typical_volume": 1175455.0, "trend": 7.119585, "fair_value": 10.990593, "relative_strength": -19.885403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.896306, "energy": 13.601194, "activity_lines": [ 6.893098, 6.856564, 6.796883, 6.953598 ] }, { "date": "2024-05-10", "close": 6.281795, "volume": 1447900, "typical_volume": 1157830.0, "trend": 7.097167, "fair_value": 10.879974, "relative_strength": -23.680343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.096423, "energy": 27.378526, "activity_lines": [ 6.676829, 6.767633, 6.737984, 6.899547 ] }, { "date": "2024-05-17", "close": 6.300547, "volume": 811200, "typical_volume": 1162125.0, "trend": 7.070935, "fair_value": 10.755579, "relative_strength": -22.915486, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.889493, "energy": 53.555744, "activity_lines": [ 6.50494, 6.681034, 6.688078, 6.848152 ] }, { "date": "2024-05-24", "close": 6.188037, "volume": 1279500, "typical_volume": 1177795.0, "trend": 7.050425, "fair_value": 10.628553, "relative_strength": -20.972493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.710127, "energy": 65.675892, "activity_lines": [ 6.347426, 6.580287, 6.634536, 6.791191 ] }, { "date": "2024-05-31", "close": 5.794253, "volume": 1057300, "typical_volume": 1197175.0, "trend": 6.997546, "fair_value": 10.496729, "relative_strength": -23.682358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.617236, "energy": 80.821496, "activity_lines": [ 6.126157, 6.415443, 6.549147, 6.710147 ] }, { "date": "2024-06-07", "close": 5.888011, "volume": 755600, "typical_volume": 1181660.0, "trend": 6.934766, "fair_value": 10.386014, "relative_strength": -20.675451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.565918, "energy": 79.157978, "activity_lines": [ 6.004271, 6.285886, 6.479999, 6.638565 ] }, { "date": "2024-06-14", "close": 5.747374, "volume": 619900, "typical_volume": 1146120.0, "trend": 6.857841, "fair_value": 10.289842, "relative_strength": -20.750295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.350862, "energy": 79.935502, "activity_lines": [ 5.889886, 6.147124, 6.403059, 6.561959 ] }, { "date": "2024-06-21", "close": 5.522354, "volume": 1222900, "typical_volume": 1130335.0, "trend": 6.779091, "fair_value": 10.20447, "relative_strength": -23.955023, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.905618, "energy": 83.41665, "activity_lines": [ 5.736123, 5.987565, 6.310263, 6.475798 ] }, { "date": "2024-06-28", "close": 5.541106, "volume": 900100, "typical_volume": 1114385.0, "trend": 6.700368, "fair_value": 10.117152, "relative_strength": -24.338133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.695354, "energy": 76.381335, "activity_lines": [ 5.64049, 5.859713, 6.224069, 6.395928 ] }, { "date": "2024-07-05", "close": 5.841132, "volume": 784800, "typical_volume": 1121005.0, "trend": 6.62627, "fair_value": 10.030208, "relative_strength": -20.799056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.329043, "energy": 54.502813, "activity_lines": [ 5.687994, 5.816584, 6.170087, 6.340494 ] }, { "date": "2024-07-12", "close": 5.93489, "volume": 644400, "typical_volume": 1094705.0, "trend": 6.56814, "fair_value": 9.954661, "relative_strength": -20.248915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.928369, "energy": 48.103383, "activity_lines": [ 5.763625, 5.808231, 6.128375, 6.295888 ] }, { "date": "2024-07-19", "close": 5.53173, "volume": 720400, "typical_volume": 918265.0, "trend": 6.492689, "fair_value": 9.874515, "relative_strength": -24.027975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.717204, "energy": 49.143842, "activity_lines": [ 5.701745, 5.740555, 6.051641, 6.229023 ] }, { "date": "2024-07-26", "close": 5.259831, "volume": 4209200, "typical_volume": 1039095.0, "trend": 6.408438, "fair_value": 9.784464, "relative_strength": -26.767672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.661164, "energy": 51.856905, "activity_lines": [ 5.563608, 5.63708, 5.952302, 6.149484 ] }, { "date": "2024-08-02", "close": 5.691119, "volume": 1635400, "typical_volume": 1081880.0, "trend": 6.352289, "fair_value": 9.706063, "relative_strength": -18.820211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.064515, "energy": 42.011727, "activity_lines": [ 5.586735, 5.630943, 5.900646, 6.103205 ] }, { "date": "2024-08-09", "close": 5.813004, "volume": 3999300, "typical_volume": 1227710.0, "trend": 6.301728, "fair_value": 9.635727, "relative_strength": -19.423114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.3134, "energy": 38.960912, "activity_lines": [ 5.640489, 5.656002, 5.864929, 6.068413 ] }, { "date": "2024-08-16", "close": 5.479877, "volume": 7529000, "typical_volume": 1580925.0, "trend": 6.248909, "fair_value": 9.573534, "relative_strength": -25.19108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.081747, "energy": 36.868599, "activity_lines": [ 5.585077, 5.620152, 5.802173, 6.01539 ] }, { "date": "2024-08-23", "close": 5.743968, "volume": 1757500, "typical_volume": 1639825.0, "trend": 6.209773, "fair_value": 9.510349, "relative_strength": -21.810051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.912892, "energy": 23.304374, "activity_lines": [ 5.648029, 5.639738, 5.770798, 5.982813 ] }, { "date": "2024-08-30", "close": 5.527037, "volume": 1088000, "typical_volume": 1650345.0, "trend": 6.176218, "fair_value": 9.452746, "relative_strength": -24.276194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.315166, "energy": 25.56745, "activity_lines": [ 5.624521, 5.619945, 5.724047, 5.938766 ] }, { "date": "2024-09-06", "close": 5.498741, "volume": 841100, "typical_volume": 1638670.0, "trend": 6.149345, "fair_value": 9.393723, "relative_strength": -23.099214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.722189, "energy": 31.504877, "activity_lines": [ 5.573768, 5.594921, 5.681991, 5.895058 ] }, { "date": "2024-09-13", "close": 5.489309, "volume": 971900, "typical_volume": 1644935.0, "trend": 6.114226, "fair_value": 9.340734, "relative_strength": -22.683821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.128793, "energy": 30.557124, "activity_lines": [ 5.532696, 5.568953, 5.647141, 5.852475 ] }, { "date": "2024-09-20", "close": 5.461014, "volume": 1203500, "typical_volume": 1673945.0, "trend": 6.07481, "fair_value": 9.283225, "relative_strength": -20.132409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.545573, "energy": 33.691717, "activity_lines": [ 5.503771, 5.544238, 5.615915, 5.810332 ] }, { "date": "2024-09-27", "close": 5.423286, "volume": 801100, "typical_volume": 1641605.0, "trend": 6.048167, "fair_value": 9.231362, "relative_strength": -21.078989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.33506, "energy": 34.3686, "activity_lines": [ 5.463529, 5.521278, 5.587013, 5.768298 ] }, { "date": "2024-10-04", "close": 5.347833, "volume": 810800, "typical_volume": 1641585.0, "trend": 6.004846, "fair_value": 9.185008, "relative_strength": -21.033523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.499848, "energy": 35.387484, "activity_lines": [ 5.419514, 5.486572, 5.555013, 5.723115 ] }, { "date": "2024-10-11", "close": 5.28181, "volume": 577800, "typical_volume": 1606500.0, "trend": 5.960887, "fair_value": 9.131568, "relative_strength": -20.348798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.010636, "energy": 38.002619, "activity_lines": [ 5.365438, 5.438261, 5.521262, 5.676468 ] }, { "date": "2024-10-18", "close": 4.97056, "volume": 834300, "typical_volume": 1595350.0, "trend": 5.89999, "fair_value": 9.082899, "relative_strength": -24.636358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.771554, "energy": 55.002384, "activity_lines": [ 5.222075, 5.340801, 5.462184, 5.612576 ] }, { "date": "2024-10-25", "close": 4.91397, "volume": 684700, "typical_volume": 1591805.0, "trend": 5.83752, "fair_value": 9.045438, "relative_strength": -24.508642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.120821, "energy": 68.238597, "activity_lines": [ 5.094431, 5.24837, 5.401638, 5.548962 ] }, { "date": "2024-11-01", "close": 4.91397, "volume": 1386100, "typical_volume": 1630115.0, "trend": 5.772862, "fair_value": 9.001778, "relative_strength": -22.749846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.444938, "energy": 73.167856, "activity_lines": [ 5.003258, 5.166227, 5.345731, 5.489378 ] }, { "date": "2024-11-08", "close": 4.998856, "volume": 1600800, "typical_volume": 1649010.0, "trend": 5.703532, "fair_value": 8.948177, "relative_strength": -20.456553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.965074, "energy": 72.333907, "activity_lines": [ 4.974333, 5.11461, 5.301876, 5.439442 ] }, { "date": "2024-11-15", "close": 4.905529, "volume": 751000, "typical_volume": 1641555.0, "trend": 5.627029, "fair_value": 8.908337, "relative_strength": -21.115425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.260589, "energy": 78.226841, "activity_lines": [ 4.937565, 5.055627, 5.251626, 5.387958 ] }, { "date": "2024-11-22", "close": 5.343694, "volume": 724600, "typical_volume": 1638545.0, "trend": 5.577945, "fair_value": 8.869499, "relative_strength": -14.231017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.602955, "energy": 42.966299, "activity_lines": [ 5.071938, 5.087096, 5.246133, 5.369678 ] }, { "date": "2024-11-29", "close": 5.87711, "volume": 2200600, "typical_volume": 1716355.0, "trend": 5.550392, "fair_value": 8.820649, "relative_strength": -2.493749, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -4.123426, "energy": 12.419122, "activity_lines": [ 5.35924, 5.218197, 5.29381, 5.388979 ] }, { "date": "2024-12-06", "close": 5.658028, "volume": 1114900, "typical_volume": 1736080.0, "trend": 5.529599, "fair_value": 8.76027, "relative_strength": -5.634786, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -6.852805, "energy": 22.392532, "activity_lines": [ 5.509305, 5.3019, 5.320897, 5.395923 ] }, { "date": "2024-12-13", "close": 5.334168, "volume": 875300, "typical_volume": 1569385.0, "trend": 5.497387, "fair_value": 8.692753, "relative_strength": -9.492524, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.405683, "energy": 25.461824, "activity_lines": [ 5.501813, 5.322452, 5.316539, 5.383315 ] }, { "date": "2024-12-20", "close": 4.991257, "volume": 947000, "typical_volume": 1534965.0, "trend": 5.457494, "fair_value": 8.626895, "relative_strength": -12.938331, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.731928, "energy": 21.662311, "activity_lines": [ 5.357664, 5.280904, 5.279169, 5.350661 ] }, { "date": "2024-12-27", "close": 4.896004, "volume": 331200, "typical_volume": 1351560.0, "trend": 5.427552, "fair_value": 8.548541, "relative_strength": -12.678587, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.448541, "energy": 29.7162, "activity_lines": [ 5.176048, 5.22732, 5.23606, 5.314436 ] }, { "date": "2025-01-03", "close": 4.829328, "volume": 275900, "typical_volume": 988905.0, "trend": 5.392263, "fair_value": 8.493896, "relative_strength": -12.057675, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.581213, "energy": 48.661351, "activity_lines": [ 5.002053, 5.162969, 5.190967, 5.275841 ] }, { "date": "2025-01-10", "close": 4.743599, "volume": 697600, "typical_volume": 935910.0, "trend": 5.358804, "fair_value": 8.442157, "relative_strength": -13.275861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.814851, "energy": 62.996404, "activity_lines": [ 4.869333, 5.08457, 5.140808, 5.233992 ] }, { "date": "2025-01-17", "close": 4.772175, "volume": 416100, "typical_volume": 902315.0, "trend": 5.333798, "fair_value": 8.386518, "relative_strength": -14.662115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.79075, "energy": 67.738792, "activity_lines": [ 4.807101, 5.014464, 5.098133, 5.196145 ] }, { "date": "2025-01-24", "close": 4.905529, "volume": 411500, "typical_volume": 880835.0, "trend": 5.312612, "fair_value": 8.32922, "relative_strength": -11.843227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.632036, "energy": 59.253064, "activity_lines": [ 4.826787, 4.972726, 5.071754, 5.168515 ] }, { "date": "2025-01-31", "close": 5.000782, "volume": 488800, "typical_volume": 856680.0, "trend": 5.2846, "fair_value": 8.271799, "relative_strength": -12.32399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.18154, "energy": 35.675157, "activity_lines": [ 4.883938, 4.948307, 5.057271, 5.148397 ] }, { "date": "2025-02-07", "close": 4.934105, "volume": 390500, "typical_volume": 816030.0, "trend": 5.251241, "fair_value": 8.213742, "relative_strength": -12.079676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.330592, "energy": 29.085042, "activity_lines": [ 4.911879, 4.917999, 5.038764, 5.125784 ] }, { "date": "2025-02-14", "close": 5.181763, "volume": 329800, "typical_volume": 792465.0, "trend": 5.239575, "fair_value": 8.156802, "relative_strength": -9.858235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.97634, "energy": 14.506493, "activity_lines": [ 5.015388, 4.949865, 5.046353, 5.121302 ] }, { "date": "2025-02-21", "close": 5.229389, "volume": 388400, "typical_volume": 771345.0, "trend": 5.23856, "fair_value": 8.111789, "relative_strength": -7.845902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.040817, "energy": 14.26479, "activity_lines": [ 5.10556, 4.99905, 5.059628, 5.120644 ] }, { "date": "2025-02-28", "close": 5.143662, "volume": 303700, "typical_volume": 757640.0, "trend": 5.220312, "fair_value": 8.067274, "relative_strength": -5.906487, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.292294, "energy": 16.671413, "activity_lines": [ 5.136676, 5.034554, 5.065303, 5.114522 ] }, { "date": "2025-03-07", "close": 5.06746, "volume": 204300, "typical_volume": 726140.0, "trend": 5.19546, "fair_value": 8.024365, "relative_strength": -8.492349, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.63204, "energy": 17.053405, "activity_lines": [ 5.126516, 5.053431, 5.064377, 5.10466 ] }, { "date": "2025-03-14", "close": 4.753125, "volume": 457900, "typical_volume": 714800.0, "trend": 5.171235, "fair_value": 7.965829, "relative_strength": -16.225333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.755985, "energy": 20.937999, "activity_lines": [ 5.007133, 5.01204, 5.033054, 5.076123 ] }, { "date": "2025-03-21", "close": 4.768942, "volume": 328500, "typical_volume": 661920.0, "trend": 5.138734, "fair_value": 7.908074, "relative_strength": -17.467803, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.788651, "energy": 43.114019, "activity_lines": [ 4.905087, 4.974909, 5.004003, 5.050168 ] }, { "date": "2025-03-28", "close": 4.73056, "volume": 486700, "typical_volume": 606215.0, "trend": 5.112185, "fair_value": 7.851829, "relative_strength": -17.232832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.933822, "energy": 60.118711, "activity_lines": [ 4.817768, 4.93034, 4.971988, 5.023834 ] }, { "date": "2025-04-04", "close": 4.557842, "volume": 530500, "typical_volume": 595190.0, "trend": 5.080822, "fair_value": 7.799619, "relative_strength": -16.668862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.353346, "energy": 73.481893, "activity_lines": [ 4.706132, 4.855123, 4.9248, 4.98807 ] }, { "date": "2025-04-11", "close": 4.365933, "volume": 483300, "typical_volume": 583125.0, "trend": 5.043376, "fair_value": 7.749875, "relative_strength": -19.65258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.441183, "energy": 83.335184, "activity_lines": [ 4.569581, 4.751336, 4.860991, 4.941948 ] }, { "date": "2025-04-18", "close": 4.404315, "volume": 211900, "typical_volume": 483690.0, "trend": 5.008153, "fair_value": 7.70343, "relative_strength": -19.316973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.760571, "energy": 83.079918, "activity_lines": [ 4.492593, 4.66607, 4.805494, 4.900719 ] }, { "date": "2025-04-25", "close": 4.490674, "volume": 193200, "typical_volume": 437605.0, "trend": 4.977066, "fair_value": 7.658557, "relative_strength": -20.09227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.03844, "energy": 79.611641, "activity_lines": [ 4.467645, 4.606138, 4.765234, 4.867333 ] }, { "date": "2025-05-02", "close": 4.39472, "volume": 458300, "typical_volume": 416755.0, "trend": 4.945295, "fair_value": 7.618802, "relative_strength": -21.315603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.611801, "energy": 79.152785, "activity_lines": [ 4.429263, 4.541325, 4.721395, 4.829762 ] }, { "date": "2025-05-09", "close": 4.365933, "volume": 360400, "typical_volume": 387425.0, "trend": 4.914766, "fair_value": 7.58079, "relative_strength": -21.994052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.076818, "energy": 67.330886, "activity_lines": [ 4.403675, 4.486454, 4.679288, 4.792384 ] }, { "date": "2025-05-16", "close": 4.375528, "volume": 578500, "typical_volume": 399790.0, "trend": 4.894932, "fair_value": 7.538661, "relative_strength": -22.682144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.916155, "energy": 54.739598, "activity_lines": [ 4.39408, 4.447468, 4.641072, 4.757595 ] }, { "date": "2025-05-23", "close": 4.193215, "volume": 495200, "typical_volume": 410755.0, "trend": 4.870907, "fair_value": 7.493327, "relative_strength": -24.479537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.495794, "energy": 65.404723, "activity_lines": [ 4.323073, 4.387915, 4.587972, 4.712322 ] }, { "date": "2025-05-30", "close": 4.116451, "volume": 522900, "typical_volume": 402020.0, "trend": 4.844323, "fair_value": 7.452859, "relative_strength": -24.805774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.58732, "energy": 72.749108, "activity_lines": [ 4.240552, 4.324585, 4.53059, 4.663648 ] }, { "date": "2025-06-06", "close": 3.914947, "volume": 351100, "typical_volume": 398770.0, "trend": 4.808192, "fair_value": 7.41892, "relative_strength": -27.301027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.93464, "energy": 87.67687, "activity_lines": [ 4.115812, 4.236482, 4.457004, 4.603688 ] }, { "date": "2025-06-13", "close": 3.86697, "volume": 355800, "typical_volume": 395985.0, "trend": 4.773574, "fair_value": 7.388638, "relative_strength": -28.079572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.547889, "energy": 92.732643, "activity_lines": [ 4.007063, 4.154484, 4.38293, 4.542964 ] }, { "date": "2025-06-20", "close": 3.847779, "volume": 225000, "typical_volume": 382795.0, "trend": 4.72371, "fair_value": 7.357965, "relative_strength": -27.767325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.67052, "energy": 91.018164, "activity_lines": [ 3.925182, 4.081559, 4.311974, 4.483236 ] }, { "date": "2025-06-27", "close": 3.847779, "volume": 384700, "typical_volume": 382505.0, "trend": 4.656065, "fair_value": 7.326596, "relative_strength": -27.035601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.139308, "energy": 88.564594, "activity_lines": [ 3.878484, 4.018054, 4.246509, 4.426724 ] }, { "date": "2025-07-04", "close": 3.905351, "volume": 435000, "typical_volume": 387765.0, "trend": 4.597643, "fair_value": 7.296613, "relative_strength": -27.684652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.658496, "energy": 83.322959, "activity_lines": [ 3.874006, 3.975137, 4.191699, 4.378291 ] }, { "date": "2025-07-11", "close": 3.751824, "volume": 461600, "typical_volume": 391425.0, "trend": 4.544898, "fair_value": 7.265915, "relative_strength": -27.14965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.992895, "energy": 73.676891, "activity_lines": [ 3.832426, 3.914947, 4.128346, 4.323722 ] }, { "date": "2025-07-18", "close": 3.598296, "volume": 279600, "typical_volume": 390220.0, "trend": 4.498466, "fair_value": 7.228232, "relative_strength": -28.062579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.721843, "energy": 75.214625, "activity_lines": [ 3.750544, 3.838532, 4.057408, 4.262651 ] }, { "date": "2025-07-25", "close": 3.550319, "volume": 446900, "typical_volume": 402350.0, "trend": 4.45361, "fair_value": 7.190402, "relative_strength": -28.559908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.774417, "energy": 79.501563, "activity_lines": [ 3.670582, 3.767351, 3.989259, 4.20148 ] }, { "date": "2025-08-01", "close": 3.751824, "volume": 606000, "typical_volume": 409755.0, "trend": 4.417693, "fair_value": 7.149525, "relative_strength": -23.215428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.986884, "energy": 65.729418, "activity_lines": [ 3.677619, 3.747811, 3.947526, 4.156203 ] }, { "date": "2025-08-08", "close": 4.260383, "volume": 1121500, "typical_volume": 449405.0, "trend": 4.401586, "fair_value": 7.107997, "relative_strength": -14.450504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.594189, "energy": 38.012286, "activity_lines": [ 3.860572, 3.828762, 3.958994, 4.146054 ] }, { "date": "2025-08-15", "close": 4.020497, "volume": 469200, "typical_volume": 448530.0, "trend": 4.37653, "fair_value": 7.065711, "relative_strength": -19.035615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.201509, "energy": 24.851943, "activity_lines": [ 3.939895, 3.86348, 3.950039, 4.121468 ] }, { "date": "2025-08-22", "close": 3.99171, "volume": 440900, "typical_volume": 444050.0, "trend": 4.346069, "fair_value": 7.018743, "relative_strength": -19.996164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.694092, "energy": 27.574684, "activity_lines": [ 3.99171, 3.891045, 3.941723, 4.096641 ] }, { "date": "2025-08-29", "close": 4.260383, "volume": 428800, "typical_volume": 441325.0, "trend": 4.321389, "fair_value": 6.973443, "relative_strength": -16.228417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.08075, "energy": 23.485445, "activity_lines": [ 4.106856, 3.965192, 3.96169, 4.091113 ] }, { "date": "2025-09-05", "close": 4.586629, "volume": 568800, "typical_volume": 459170.0, "trend": 4.309807, "fair_value": 6.935115, "relative_strength": -10.165344, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 24.405085, "energy": 34.902971, "activity_lines": [ 4.283412, 4.091154, 4.013232, 4.108225 ] }, { "date": "2025-09-12", "close": 4.634606, "volume": 529100, "typical_volume": 475965.0, "trend": 4.291568, "fair_value": 6.892597, "relative_strength": -8.592014, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.332743, "energy": 51.983449, "activity_lines": [ 4.420307, 4.212406, 4.068474, 4.12918 ] }, { "date": "2025-09-19", "close": 4.596224, "volume": 380000, "typical_volume": 472050.0, "trend": 4.270463, "fair_value": 6.842869, "relative_strength": -11.094717, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.881474, "energy": 61.173438, "activity_lines": [ 4.51946, 4.31342, 4.119376, 4.148835 ] }, { "date": "2025-09-26", "close": 4.365933, "volume": 452900, "typical_volume": 476675.0, "trend": 4.244538, "fair_value": 6.800658, "relative_strength": -14.805368, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.396573, "energy": 56.185727, "activity_lines": [ 4.503468, 4.35721, 4.147385, 4.154994 ] }, { "date": "2025-10-03", "close": 4.298765, "volume": 345900, "typical_volume": 465045.0, "trend": 4.218915, "fair_value": 6.76021, "relative_strength": -14.891081, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.807132, "energy": 33.13064, "activity_lines": [ 4.440138, 4.374831, 4.168998, 4.158493 ] }, { "date": "2025-10-10", "close": 4.116451, "volume": 295600, "typical_volume": 455065.0, "trend": 4.197693, "fair_value": 6.720459, "relative_strength": -15.936015, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.077481, "energy": 12.699244, "activity_lines": [ 4.313478, 4.345695, 4.173613, 4.151882 ] }, { "date": "2025-10-17", "close": 4.116451, "volume": 692700, "typical_volume": 463555.0, "trend": 4.175943, "fair_value": 6.679062, "relative_strength": -17.100232, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.390579, "energy": 9.966143, "activity_lines": [ 4.218163, 4.30993, 4.178593, 4.146641 ] }, { "date": "2025-10-24", "close": 4.174024, "volume": 405800, "typical_volume": 466290.0, "trend": 4.157392, "fair_value": 6.64445, "relative_strength": -17.108475, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.750061, "energy": 12.327833, "activity_lines": [ 4.176583, 4.28725, 4.189057, 4.146517 ] }, { "date": "2025-10-31", "close": 3.99171, "volume": 559800, "typical_volume": 476490.0, "trend": 4.138521, "fair_value": 6.60516, "relative_strength": -22.006706, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.677188, "energy": 19.873858, "activity_lines": [ 4.102378, 4.228631, 4.180924, 4.135828 ] }, { "date": "2025-11-07", "close": 3.828588, "volume": 600700, "typical_volume": 495275.0, "trend": 4.120609, "fair_value": 6.568883, "relative_strength": -26.80428, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.621994, "energy": 31.041937, "activity_lines": [ 3.998747, 4.140353, 4.156661, 4.115832 ] }, { "date": "2025-11-14", "close": 3.905351, "volume": 836800, "typical_volume": 517880.0, "trend": 4.103977, "fair_value": 6.538874, "relative_strength": -26.508893, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.539729, "energy": 37.858133, "activity_lines": [ 3.952049, 4.073882, 4.1398, 4.101945 ] }, { "date": "2025-11-21", "close": 3.895756, "volume": 306300, "typical_volume": 511445.0, "trend": 4.084147, "fair_value": 6.506693, "relative_strength": -24.585183, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.410369, "energy": 40.954975, "activity_lines": [ 3.916226, 4.018054, 4.121752, 4.088511 ] }, { "date": "2025-11-28", "close": 3.876565, "volume": 503000, "typical_volume": 513515.0, "trend": 4.066875, "fair_value": 6.474888, "relative_strength": -26.031663, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.780878, "energy": 44.059835, "activity_lines": [ 3.888719, 3.972171, 4.101921, 4.075119 ] }, { "date": "2025-12-05", "close": 3.86697, "volume": 479300, "typical_volume": 523500.0, "trend": 4.050243, "fair_value": 6.448521, "relative_strength": -24.519615, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.820032, "energy": 39.467464, "activity_lines": [ 3.877845, 3.937627, 4.080583, 4.062221 ] }, { "date": "2025-12-12", "close": 3.88616, "volume": 375000, "typical_volume": 519905.0, "trend": 4.03393, "fair_value": 6.421111, "relative_strength": -24.921467, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.94146, "energy": 30.871473, "activity_lines": [ 3.881683, 3.915645, 4.059792, 4.051636 ] }, { "date": "2025-12-19", "close": 3.809397, "volume": 808800, "typical_volume": 530045.0, "trend": 4.021136, "fair_value": 6.385654, "relative_strength": -24.581033, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.161113, "energy": 34.541543, "activity_lines": [ 3.856095, 3.887207, 4.030092, 4.037149 ] }, { "date": "2025-12-26", "close": 3.924542, "volume": 381000, "typical_volume": 493020.0, "trend": 4.014739, "fair_value": 6.350426, "relative_strength": -22.71103, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.932365, "energy": 24.316664, "activity_lines": [ 3.875286, 3.885288, 4.011084, 4.030918 ] }, { "date": "2026-01-02", "close": 3.924542, "volume": 164200, "typical_volume": 477770.0, "trend": 4.015059, "fair_value": 6.312035, "relative_strength": -21.761741, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.859364, "energy": 17.483981, "activity_lines": [ 3.892557, 3.886858, 3.993675, 4.025098 ] }, { "date": "2026-01-09", "close": 3.88616, "volume": 367700, "typical_volume": 474110.0, "trend": 4.015699, "fair_value": 6.270687, "relative_strength": -23.10639, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.890682, "energy": 16.406269, "activity_lines": [ 3.893837, 3.885986, 3.973068, 4.016782 ] }, { "date": "2026-01-16", "close": 3.847779, "volume": 469500, "typical_volume": 476145.0, "trend": 4.015699, "fair_value": 6.221919, "relative_strength": -23.784685, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -45.605749, "energy": 27.139969, "activity_lines": [ 3.881043, 3.880054, 3.949308, 4.005949 ] }, { "date": "2026-01-23", "close": 3.982115, "volume": 826600, "typical_volume": 489035.0, "trend": 4.020177, "fair_value": 6.170623, "relative_strength": -26.502594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.165036, "energy": 20.615177, "activity_lines": [ 3.915586, 3.898198, 3.940306, 4.003782 ] }, { "date": "2026-01-30", "close": 3.838183, "volume": 714700, "typical_volume": 498315.0, "trend": 4.017938, "fair_value": 6.115523, "relative_strength": -29.308082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.26536, "energy": 26.732206, "activity_lines": [ 3.890638, 3.888777, 3.920476, 3.992041 ] }, { "date": "2026-02-06", "close": 3.857374, "volume": 659100, "typical_volume": 512270.0, "trend": 4.021456, "fair_value": 6.063144, "relative_strength": -28.723037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.123764, "energy": 30.868332, "activity_lines": [ 3.877844, 3.883892, 3.906265, 3.981682 ] }, { "date": "2026-02-13", "close": 3.924542, "volume": 889800, "typical_volume": 534115.0, "trend": 4.032331, "fair_value": 6.028425, "relative_strength": -27.941307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.112653, "energy": 19.963407, "activity_lines": [ 3.891918, 3.891569, 3.90197, 3.975429 ] }, { "date": "2026-02-20", "close": 3.924542, "volume": 501800, "typical_volume": 541910.0, "trend": 4.044805, "fair_value": 5.996643, "relative_strength": -28.513941, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.650394, "energy": 20.811572, "activity_lines": [ 3.903432, 3.898198, 3.899777, 3.968475 ] }, { "date": "2026-02-27", "close": 3.857374, "volume": 353300, "typical_volume": 544795.0, "trend": 4.048324, "fair_value": 5.966239, "relative_strength": -28.057054, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.04974, "energy": 24.466818, "activity_lines": [ 3.88744, 3.891918, 3.892969, 3.956383 ] }, { "date": "2026-03-06", "close": 3.742229, "volume": 419500, "typical_volume": 531135.0, "trend": 4.031052, "fair_value": 5.937581, "relative_strength": -25.546897, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.381446, "energy": 34.160335, "activity_lines": [ 3.841382, 3.863829, 3.876428, 3.936635 ] }, { "date": "2026-03-13", "close": 3.588701, "volume": 617800, "typical_volume": 541735.0, "trend": 4.016659, "fair_value": 5.907996, "relative_strength": -27.079765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.857654, "energy": 64.355264, "activity_lines": [ 3.750545, 3.811141, 3.847047, 3.908096 ] }, { "date": "2026-03-20", "close": 3.588701, "volume": 282200, "typical_volume": 527855.0, "trend": 4.003225, "fair_value": 5.87875, "relative_strength": -25.677937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.831949, "energy": 73.075244, "activity_lines": [ 3.677619, 3.76456, 3.820454, 3.880486 ] }, { "date": "2026-03-27", "close": 3.876565, "volume": 592000, "typical_volume": 527420.0, "trend": 3.990431, "fair_value": 5.850728, "relative_strength": -21.274878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.110132, "energy": 54.74614, "activity_lines": [ 3.723038, 3.775725, 3.823196, 3.872314 ] }, { "date": "2026-04-03", "close": 4.02, "volume": 612600, "typical_volume": 516210.0, "trend": 3.971543, "fair_value": 5.825432, "relative_strength": -20.366345, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.281663, "energy": 16.494746, "activity_lines": [ 3.819466, 3.812447, 3.839369, 3.874222 ] }, { "date": "2026-04-10", "close": 4.16, "volume": 349600, "typical_volume": 518375.0, "trend": 3.955723, "fair_value": 5.797532, "relative_strength": -20.720557, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.275705, "energy": 16.73763, "activity_lines": [ 3.95172, 3.873934, 3.86833, 3.88638 ] }, { "date": "2026-04-17", "close": 4.08, "volume": 355200, "typical_volume": 510985.0, "trend": 3.938516, "fair_value": 5.770645, "relative_strength": -20.862321, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.045063, "energy": 31.091483, "activity_lines": [ 4.029455, 3.915024, 3.888414, 3.894398 ] }, { "date": "2026-04-24", "close": 3.99, "volume": 550300, "typical_volume": 514535.0, "trend": 3.925985, "fair_value": 5.743349, "relative_strength": -19.85761, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.748596, "energy": 33.922384, "activity_lines": [ 4.044438, 3.935703, 3.898957, 3.89772 ] }, { "date": "2026-05-01", "close": 3.9, "volume": 2511400, "typical_volume": 621355.0, "trend": 3.912692, "fair_value": 5.714687, "relative_strength": -19.538528, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.995288, "energy": 36.577063, "activity_lines": [ 4.002667, 3.938828, 3.900344, 3.896043 ] }, { "date": "2026-05-08", "close": 4.02, "volume": 389900, "typical_volume": 600410.0, "trend": 3.909477, "fair_value": 5.684251, "relative_strength": -14.975562, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.049044, "energy": 22.05477, "activity_lines": [ 3.999333, 3.964218, 3.913092, 3.902966 ] }, { "date": "2026-05-15", "close": 3.85, "volume": 1137700, "typical_volume": 638245.0, "trend": 3.900596, "fair_value": 5.647272, "relative_strength": -14.816763, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.357474, "energy": 3.32251, "activity_lines": [ 3.939333, 3.955742, 3.908648, 3.899129 ] }, { "date": "2026-05-22", "close": 3.57, "volume": 428300, "typical_volume": 651450.0, "trend": 3.880462, "fair_value": 5.605594, "relative_strength": -19.916445, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.054247, "energy": 23.580846, "activity_lines": [ 3.806667, 3.894397, 3.877892, 3.8778 ] }, { "date": "2026-05-29", "close": 3.5, "volume": 538000, "typical_volume": 659965.0, "trend": 3.864071, "fair_value": 5.56341, "relative_strength": -19.788774, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.891016, "energy": 53.913368, "activity_lines": [ 3.684667, 3.820665, 3.842157, 3.853254 ] }, { "date": "2026-06-05", "close": 3.62, "volume": 93800, "typical_volume": 641180.0, "trend": 3.857118, "fair_value": 5.521996, "relative_strength": -14.215121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.970911, "energy": 61.140507, "activity_lines": [ 3.635333, 3.770364, 3.81969, 3.837508 ] }, { "date": "2026-06-12", "close": 3.79, "volume": 158400, "typical_volume": 607770.0, "trend": 3.853273, "fair_value": 5.475807, "relative_strength": -10.881697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.633547, "energy": 57.182446, "activity_lines": [ 3.661333, 3.755636, 3.814498, 3.833178 ] }, { "date": "2026-06-19", "close": 3.76, "volume": 57800, "typical_volume": 574925.0, "trend": 3.848748, "fair_value": 5.435119, "relative_strength": -9.844351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.829916, "energy": 42.263462, "activity_lines": [ 3.692667, 3.739636, 3.807364, 3.82716 ] }, { "date": "2026-06-26", "close": 3.61, "volume": 49300, "typical_volume": 544435.0, "trend": 3.839863, "fair_value": 5.395178, "relative_strength": -15.318749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.977245, "energy": 33.423276, "activity_lines": [ 3.68, 3.703636, 3.786316, 3.811757 ] }, { "date": "2026-07-03", "close": 3.62, "volume": 77400, "typical_volume": 503815.0, "trend": 3.83163, "fair_value": 5.355528, "relative_strength": -15.103963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.40878, "energy": 30.76011, "activity_lines": [ 3.668, 3.678, 3.767398, 3.797572 ] }, { "date": "2026-07-10", "close": 3.72, "volume": 234300, "typical_volume": 490440.0, "trend": 3.826092, "fair_value": 5.318171, "relative_strength": -14.0765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.111501, "energy": 24.73379, "activity_lines": [ 3.681333, 3.677273, 3.759455, 3.79037 ] }, { "date": "2026-07-17", "close": 3.8, "volume": 284000, "typical_volume": 486975.0, "trend": 3.825778, "fair_value": 5.281953, "relative_strength": -9.767088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.588144, "energy": 19.980347, "activity_lines": [ 3.714667, 3.694364, 3.760105, 3.788687 ] }, { "date": "2026-07-24", "close": 3.65, "volume": 234900, "typical_volume": 477745.0, "trend": 3.816627, "fair_value": 5.244716, "relative_strength": -13.105046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.648117, "energy": 20.398428, "activity_lines": [ 3.697333, 3.688182, 3.746742, 3.777346 ] }, { "date": "2026-07-31", "close": 3.77, "volume": 192000, "typical_volume": 456455.0, "trend": 3.811475, "fair_value": 5.209046, "relative_strength": -11.740676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.3763, "energy": 15.517826, "activity_lines": [ 3.727333, 3.707455, 3.745247, 3.774338 ] }, { "date": "2026-08-07", "close": 3.54, "volume": 302600, "typical_volume": 457475.0, "trend": 3.799937, "fair_value": 5.17953, "relative_strength": -13.741374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.482953, "energy": 26.038447, "activity_lines": [ 3.67, 3.681273, 3.720984, 3.756824 ] } ], "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." } } }