{ "ticker": { "uuid": "f8ac0042-ca97-428d-bc72-db56c891689d", "symbol": "ITERA", "name": "Itera ASA", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -31.556, "architecture_energy": 16.222, "architecture_maturity": 88.61, "architecture_confidence": 67.146, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 49.62, "rotation_up": 26.96, "upward_expansion": 17.42, "deceleration": 45.51, "rotation_down": 24.2, "downward_expansion": 53.75 }, "activity_lines": [ 6.406667, 6.332364, 6.392574, 6.548835 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 6.44, "trend_reference": 6.802098, "distance_from_trend": -0.053233, "trend_direction": "Weakening", "fair_value": 9.06434, "distance_from_fair_value": -0.289524, "fair_value_direction": "Improving", "relative_strength": -21.845854, "relative_strength_direction": "Improving", "price_momentum": -0.138292, "excess_performance": -0.263286, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.053233, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.069033, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.289524, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.04135, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.218459, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.080343, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.138292, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.549055, "read": "Supply-led" } ], "volume": { "latest": 66431, "relative_activity": 0.682072, "balance": 0.549055, "dry_up": 0.586447, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.075813, "annualized_volatility": 0.289003, "from_high_reference": -0.292722, "from_low_reference": 0.110345 }, "levels": { "trend_reference": 6.802098, "fair_value_reference": 9.06434, "structural_low": 5.8, "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": 26, "median_return": -0.001111, "positive_rate": 0.423077, "directional_follow_through": 0.5, "median_excess_return": -0.019766, "regime_survival": 0.846154, "best_return": 0.173913, "worst_return": -0.144762, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.023944, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.027985, "regime_survival": 0.666667, "best_return": 0.1345, "worst_return": -0.178082, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.112492, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.1942, "regime_survival": 0.6, "best_return": 0.068284, "worst_return": -0.141071, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.008016, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.134952, "regime_survival": 0.666667, "best_return": 0.051695, "worst_return": -0.218501, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-04-28", "end": "2023-05-12", "tenure": "New", "return": 0.181132, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-05-19", "end": "2023-07-14", "tenure": "Developing", "return": -0.043997, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-07-21", "end": "2023-09-01", "tenure": "Developing", "return": -0.13871, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-09-08", "end": "2023-10-13", "tenure": "Developing", "return": -0.061538, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-20", "end": "2024-01-05", "tenure": "Developing", "return": 0.143329, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-08-30", "tenure": "Extended", "return": -0.078153, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2025-03-07", "tenure": "Extended", "return": -0.136073, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-05-30", "tenure": "Developing", "return": 0.110137, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": -0.07, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": -0.058065, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": -0.009501, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2026-01-02", "tenure": "Established", "return": 0.04926, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-02-06", "tenure": "Developing", "return": -0.083333, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-13", "end": "2026-08-07", "tenure": "Established", "return": -0.093559, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.056314, "volume": 22911, "typical_volume": 63018.0, "trend": 12.403897, "fair_value": 11.408947, "relative_strength": 7.639895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.888622, "energy": 18.324959, "activity_lines": [ 13.271735, 13.284967, 13.256183, 12.853903 ] }, { "date": "2023-08-25", "close": 11.702649, "volume": 435756, "typical_volume": 83131.2, "trend": 12.391464, "fair_value": 11.419062, "relative_strength": -3.342258, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.112554, "energy": 7.534794, "activity_lines": [ 12.741914, 12.986447, 13.141141, 12.808661 ] }, { "date": "2023-09-01", "close": 11.658982, "volume": 297339, "typical_volume": 93614.3, "trend": 12.377575, "fair_value": 11.431893, "relative_strength": -6.458459, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.488187, "energy": 27.402077, "activity_lines": [ 12.319803, 12.721271, 13.01923, 12.761404 ] }, { "date": "2023-09-08", "close": 11.353316, "volume": 37681, "typical_volume": 95231.15, "trend": 12.357779, "fair_value": 11.440019, "relative_strength": -9.005741, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.287444, "energy": 43.760885, "activity_lines": [ 11.874404, 12.431484, 12.865502, 12.695323 ] }, { "date": "2023-09-15", "close": 11.047649, "volume": 219676, "typical_volume": 105093.95, "trend": 12.332077, "fair_value": 11.44344, "relative_strength": -13.753001, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.012553, "energy": 56.523407, "activity_lines": [ 11.472671, 12.117878, 12.681616, 12.610798 ] }, { "date": "2023-09-22", "close": 10.65465, "volume": 83103, "typical_volume": 107823.3, "trend": 12.311831, "fair_value": 11.444841, "relative_strength": -16.579462, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.936732, "energy": 65.503452, "activity_lines": [ 11.10296, 11.776485, 12.461731, 12.502577 ] }, { "date": "2023-09-29", "close": 10.523649, "volume": 127522, "typical_volume": 103570.9, "trend": 12.278653, "fair_value": 11.442656, "relative_strength": -16.819047, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.468437, "energy": 66.076296, "activity_lines": [ 10.849694, 11.455734, 12.234301, 12.387211 ] }, { "date": "2023-10-06", "close": 10.698318, "volume": 73055, "typical_volume": 100340.9, "trend": 12.252726, "fair_value": 11.44259, "relative_strength": -12.707863, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.182565, "energy": 61.879869, "activity_lines": [ 10.73325, 11.221522, 12.037218, 12.285253 ] }, { "date": "2023-10-13", "close": 10.65465, "volume": 50560, "typical_volume": 98686.55, "trend": 12.263882, "fair_value": 11.44424, "relative_strength": -16.810528, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.570587, "energy": 68.356161, "activity_lines": [ 10.666295, 11.018274, 11.850283, 12.182152 ] }, { "date": "2023-10-20", "close": 10.26165, "volume": 22354, "typical_volume": 97768.55, "trend": 12.251946, "fair_value": 11.440376, "relative_strength": -17.276672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.025459, "energy": 71.242875, "activity_lines": [ 10.514917, 10.795971, 11.639644, 12.052976 ] }, { "date": "2023-10-27", "close": 10.174316, "volume": 267595, "typical_volume": 104885.4, "trend": 12.23139, "fair_value": 11.436209, "relative_strength": -17.211512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.553664, "energy": 60.383455, "activity_lines": [ 10.386828, 10.616541, 11.43753, 11.918935 ] }, { "date": "2023-11-03", "close": 10.418769, "volume": 103926, "typical_volume": 104630.3, "trend": 12.207563, "fair_value": 11.435151, "relative_strength": -16.420335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.971258, "energy": 48.550134, "activity_lines": [ 10.372245, 10.533956, 11.276579, 11.801992 ] }, { "date": "2023-11-10", "close": 10.373469, "volume": 165361, "typical_volume": 108899.95, "trend": 12.183654, "fair_value": 11.433545, "relative_strength": -16.390589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.48074, "energy": 45.253465, "activity_lines": [ 10.349555, 10.466479, 11.128241, 11.683663 ] }, { "date": "2023-11-17", "close": 10.599964, "volume": 71839, "typical_volume": 110393.65, "trend": 12.165867, "fair_value": 11.433135, "relative_strength": -15.261918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.589352, "energy": 38.896518, "activity_lines": [ 10.424019, 10.463555, 11.015705, 11.581489 ] }, { "date": "2023-11-24", "close": 10.599964, "volume": 25475, "typical_volume": 111166.9, "trend": 12.140943, "fair_value": 11.42707, "relative_strength": -16.357543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.412726, "energy": 31.520804, "activity_lines": [ 10.502129, 10.474329, 10.915073, 11.480463 ] }, { "date": "2023-12-01", "close": 10.101676, "volume": 61856, "typical_volume": 110698.25, "trend": 12.08799, "fair_value": 11.419868, "relative_strength": -19.329224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.539729, "energy": 37.504515, "activity_lines": [ 10.391589, 10.402645, 10.780554, 11.348898 ] }, { "date": "2023-12-08", "close": 10.146975, "volume": 98914, "typical_volume": 113806.3, "trend": 11.979452, "fair_value": 11.413212, "relative_strength": -18.027774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.305926, "energy": 35.229064, "activity_lines": [ 10.300991, 10.349251, 10.664627, 11.223671 ] }, { "date": "2023-12-15", "close": 10.599964, "volume": 992336, "typical_volume": 162420.1, "trend": 11.876023, "fair_value": 11.409204, "relative_strength": -14.22778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.067999, "energy": 31.539318, "activity_lines": [ 10.379509, 10.385067, 10.607983, 11.134672 ] }, { "date": "2023-12-22", "close": 10.509367, "volume": 102864, "typical_volume": 165196.15, "trend": 11.775113, "fair_value": 11.399475, "relative_strength": -14.601845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.592706, "energy": 26.571447, "activity_lines": [ 10.412729, 10.406199, 10.553367, 11.0465 ] }, { "date": "2023-12-29", "close": 10.917057, "volume": 14172, "typical_volume": 163714.75, "trend": 11.67906, "fair_value": 11.392359, "relative_strength": -11.84303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.757004, "energy": 18.736747, "activity_lines": [ 10.587885, 10.504098, 10.551995, 10.991142 ] }, { "date": "2024-01-05", "close": 11.73244, "volume": 44994, "typical_volume": 164818.9, "trend": 11.60582, "fair_value": 11.392783, "relative_strength": -5.864808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.532808, "energy": 9.819113, "activity_lines": [ 11.013695, 10.738332, 10.640545, 10.994586 ] }, { "date": "2024-01-12", "close": 11.551245, "volume": 86893, "typical_volume": 147375.75, "trend": 11.525085, "fair_value": 11.393845, "relative_strength": -5.814758, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.298052, "energy": 14.42672, "activity_lines": [ 11.27039, 10.911292, 10.718142, 10.991065 ] }, { "date": "2024-01-19", "close": 11.641843, "volume": 22921, "typical_volume": 133654.85, "trend": 11.467747, "fair_value": 11.398314, "relative_strength": -3.436485, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.433795, "energy": 17.894947, "activity_lines": [ 11.463666, 11.080134, 10.805089, 10.998598 ] }, { "date": "2024-01-26", "close": 10.78116, "volume": 996948, "typical_volume": 181618.2, "trend": 11.390453, "fair_value": 11.396752, "relative_strength": -11.334024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.508314, "energy": 15.96697, "activity_lines": [ 11.30059, 11.069427, 10.810147, 10.954302 ] }, { "date": "2024-02-02", "close": 10.871758, "volume": 36163, "typical_volume": 172442.55, "trend": 11.304534, "fair_value": 11.394743, "relative_strength": -8.789173, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.386121, "energy": 10.128129, "activity_lines": [ 11.149593, 11.071898, 10.826559, 10.920838 ] }, { "date": "2024-02-09", "close": 10.282871, "volume": 145217, "typical_volume": 175548.25, "trend": 11.210631, "fair_value": 11.389216, "relative_strength": -11.312647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.305039, "energy": 17.948613, "activity_lines": [ 10.80532, 10.962357, 10.787723, 10.854924 ] }, { "date": "2024-02-16", "close": 11.641843, "volume": 194370, "typical_volume": 178890.65, "trend": 11.14747, "fair_value": 11.395998, "relative_strength": -1.379276, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.284488, "energy": 9.54247, "activity_lines": [ 11.010676, 11.096607, 10.880084, 10.882744 ] }, { "date": "2024-02-23", "close": 10.871758, "volume": 43345, "typical_volume": 177405.15, "trend": 11.08193, "fair_value": 11.397329, "relative_strength": -7.561377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.114692, "energy": 9.862328, "activity_lines": [ 10.953297, 11.063662, 10.893779, 10.864956 ] }, { "date": "2024-03-01", "close": 11.415348, "volume": 102650, "typical_volume": 180009.65, "trend": 11.01122, "fair_value": 11.402403, "relative_strength": -3.987503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.652, "energy": 9.267994, "activity_lines": [ 11.128453, 11.12461, 10.958418, 10.886467 ] }, { "date": "2024-03-08", "close": 11.098253, "volume": 15859, "typical_volume": 179684.9, "trend": 10.931396, "fair_value": 11.4057, "relative_strength": -6.813352, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.869654, "energy": 15.86923, "activity_lines": [ 11.155633, 11.111432, 10.989235, 10.892082 ] }, { "date": "2024-03-15", "close": 10.509367, "volume": 31438, "typical_volume": 167877.05, "trend": 10.846497, "fair_value": 11.404195, "relative_strength": -12.555072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.167949, "energy": 8.634527, "activity_lines": [ 10.971417, 10.987889, 10.959984, 10.864854 ] }, { "date": "2024-03-22", "close": 10.78116, "volume": 41478, "typical_volume": 164754.65, "trend": 10.815781, "fair_value": 11.39775, "relative_strength": -11.872058, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.617692, "energy": 7.302214, "activity_lines": [ 10.862699, 10.936001, 10.955023, 10.860639 ] }, { "date": "2024-03-29", "close": 10.78116, "volume": 3597, "typical_volume": 156666.45, "trend": 10.78652, "fair_value": 11.391305, "relative_strength": -12.289308, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 11.996732, "energy": 9.216513, "activity_lines": [ 10.81136, 10.898114, 10.948336, 10.858405 ] }, { "date": "2024-04-05", "close": 10.690563, "volume": 96886, "typical_volume": 157918.8, "trend": 10.764429, "fair_value": 11.385308, "relative_strength": -14.278778, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.085179, "energy": 10.020284, "activity_lines": [ 10.735861, 10.859404, 10.931079, 10.852215 ] }, { "date": "2024-04-12", "close": 11.052955, "volume": 35831, "typical_volume": 158436.6, "trend": 10.764605, "fair_value": 11.38703, "relative_strength": -12.775414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 14.738308, "energy": 8.473831, "activity_lines": [ 10.82948, 10.888231, 10.947904, 10.870829 ] }, { "date": "2024-04-19", "close": 10.962356, "volume": 50480, "typical_volume": 157867.8, "trend": 10.774862, "fair_value": 11.386372, "relative_strength": -11.045454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.191501, "energy": 6.084541, "activity_lines": [ 10.895918, 10.897291, 10.953944, 10.883587 ] }, { "date": "2024-04-26", "close": 11.143554, "volume": 26924, "typical_volume": 154268.3, "trend": 10.795526, "fair_value": 11.389703, "relative_strength": -11.007101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.823321, "energy": 14.846674, "activity_lines": [ 10.992556, 10.926941, 10.973142, 10.907374 ] }, { "date": "2024-05-03", "close": 10.509367, "volume": 53380, "typical_volume": 107320.5, "trend": 10.789227, "fair_value": 11.388712, "relative_strength": -16.04087, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.390186, "energy": 8.062045, "activity_lines": [ 10.853639, 10.850345, 10.927196, 10.888912 ] }, { "date": "2024-05-10", "close": 10.599964, "volume": 34036, "typical_volume": 103879.1, "trend": 10.787405, "fair_value": 11.388301, "relative_strength": -17.526612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.478701, "energy": 6.804146, "activity_lines": [ 10.763041, 10.796809, 10.89031, 10.876702 ] }, { "date": "2024-05-17", "close": 10.962356, "volume": 44294, "typical_volume": 105385.2, "trend": 10.810761, "fair_value": 11.390728, "relative_strength": -13.938935, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.861755, "energy": 7.41566, "activity_lines": [ 10.79928, 10.823989, 10.887505, 10.887989 ] }, { "date": "2024-05-24", "close": 11.070672, "volume": 513251, "typical_volume": 128798.05, "trend": 10.84064, "fair_value": 11.392497, "relative_strength": -12.892783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.047894, "energy": 11.184961, "activity_lines": [ 10.877664, 10.873333, 10.894801, 10.904757 ] }, { "date": "2024-05-31", "close": 10.836123, "volume": 74122, "typical_volume": 128159.5, "trend": 10.854552, "fair_value": 11.388831, "relative_strength": -15.066224, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 16.437673, "energy": 6.222222, "activity_lines": [ 10.870644, 10.869826, 10.88291, 10.904466 ] }, { "date": "2024-06-07", "close": 11.25831, "volume": 67166, "typical_volume": 130371.75, "trend": 10.884046, "fair_value": 11.387609, "relative_strength": -10.023276, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.319287, "energy": 19.773859, "activity_lines": [ 11.024849, 10.942081, 10.914633, 10.930515 ] }, { "date": "2024-06-14", "close": 10.929942, "volume": 106695, "typical_volume": 85859.1, "trend": 10.895046, "fair_value": 11.383758, "relative_strength": -9.994932, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.904355, "energy": 18.161059, "activity_lines": [ 11.019668, 10.945957, 10.916909, 10.933476 ] }, { "date": "2024-06-21", "close": 10.929942, "volume": 131294, "typical_volume": 90615.65, "trend": 10.906045, "fair_value": 11.380432, "relative_strength": -10.30483, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.941621, "energy": 17.325569, "activity_lines": [ 10.992488, 10.945481, 10.918476, 10.935727 ] }, { "date": "2024-06-28", "close": 10.836123, "volume": 94259, "typical_volume": 88067.75, "trend": 10.930527, "fair_value": 11.376766, "relative_strength": -11.411885, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.722952, "energy": 4.881921, "activity_lines": [ 10.936197, 10.930184, 10.910832, 10.931216 ] }, { "date": "2024-07-05", "close": 10.742305, "volume": 181879, "typical_volume": 87443.2, "trend": 10.950371, "fair_value": 11.369615, "relative_strength": -11.236641, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.432344, "energy": 15.508955, "activity_lines": [ 10.864269, 10.900124, 10.891617, 10.919073 ] }, { "date": "2024-07-12", "close": 10.601576, "volume": 74242, "typical_volume": 88988.05, "trend": 10.950425, "fair_value": 11.359466, "relative_strength": -12.660368, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -47.72481, "energy": 25.354207, "activity_lines": [ 10.751686, 10.851772, 10.863284, 10.89657 ] }, { "date": "2024-07-19", "close": 10.601576, "volume": 72314, "typical_volume": 87471.25, "trend": 10.953498, "fair_value": 11.351151, "relative_strength": -12.453789, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -50.098463, "energy": 33.381043, "activity_lines": [ 10.682886, 10.801744, 10.836237, 10.874063 ] }, { "date": "2024-07-26", "close": 10.976852, "volume": 81519, "typical_volume": 90754.25, "trend": 10.955491, "fair_value": 11.343407, "relative_strength": -8.214984, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -40.418111, "energy": 25.127048, "activity_lines": [ 10.761068, 10.819918, 10.848805, 10.87557 ] }, { "date": "2024-08-02", "close": 10.742305, "volume": 25411, "typical_volume": 90452.9, "trend": 10.922487, "fair_value": 11.331539, "relative_strength": -7.872659, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -45.646094, "energy": 24.44042, "activity_lines": [ 10.757941, 10.795184, 10.839614, 10.861816 ] }, { "date": "2024-08-09", "close": 10.601576, "volume": 128908, "typical_volume": 94824.4, "trend": 10.890831, "fair_value": 11.31772, "relative_strength": -8.660264, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -49.580052, "energy": 21.925173, "activity_lines": [ 10.714159, 10.750834, 10.815911, 10.841112 ] }, { "date": "2024-08-16", "close": 10.601576, "volume": 36356, "typical_volume": 96462.35, "trend": 10.856156, "fair_value": 11.303114, "relative_strength": -9.878018, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -48.438263, "energy": 21.121823, "activity_lines": [ 10.679759, 10.710747, 10.793063, 10.822451 ] }, { "date": "2024-08-23", "close": 10.789214, "volume": 88558, "typical_volume": 96045.95, "trend": 10.856424, "fair_value": 11.289974, "relative_strength": -7.317293, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -44.208363, "energy": 21.030435, "activity_lines": [ 10.707904, 10.716718, 10.788941, 10.818132 ] }, { "date": "2024-08-30", "close": 10.648485, "volume": 88504, "typical_volume": 98679.6, "trend": 10.848982, "fair_value": 11.276194, "relative_strength": -8.448051, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -46.003267, "energy": 24.448012, "activity_lines": [ 10.676631, 10.699659, 10.770946, 10.804716 ] }, { "date": "2024-09-06", "close": 10.273208, "volume": 304525, "typical_volume": 111381.85, "trend": 10.84866, "fair_value": 11.258697, "relative_strength": -7.924696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.973406, "energy": 34.863866, "activity_lines": [ 10.542157, 10.619487, 10.719136, 10.76757 ] }, { "date": "2024-09-13", "close": 9.804112, "volume": 190691, "typical_volume": 119570.2, "trend": 10.787402, "fair_value": 11.235048, "relative_strength": -13.152995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.105221, "energy": 53.904476, "activity_lines": [ 10.28259, 10.464258, 10.625932, 10.700179 ] }, { "date": "2024-09-20", "close": 9.804112, "volume": 184483, "typical_volume": 126125.35, "trend": 10.751814, "fair_value": 11.21402, "relative_strength": -12.896936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.22037, "energy": 63.80323, "activity_lines": [ 10.076188, 10.326088, 10.539107, 10.636741 ] }, { "date": "2024-09-27", "close": 9.944841, "volume": 170000, "typical_volume": 132923.55, "trend": 10.702797, "fair_value": 11.195729, "relative_strength": -11.384448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.85442, "energy": 63.754731, "activity_lines": [ 9.969859, 10.228004, 10.469043, 10.584679 ] }, { "date": "2024-10-04", "close": 10.13248, "volume": 48839, "typical_volume": 133150.8, "trend": 10.670604, "fair_value": 11.179428, "relative_strength": -12.030327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.945431, "energy": 58.833968, "activity_lines": [ 9.982369, 10.175978, 10.419968, 10.547884 ] }, { "date": "2024-10-11", "close": 10.03866, "volume": 34205, "typical_volume": 109198.5, "trend": 10.654914, "fair_value": 11.162786, "relative_strength": -12.584028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.37316, "energy": 42.823952, "activity_lines": [ 9.998005, 10.122245, 10.365911, 10.507113 ] }, { "date": "2024-10-18", "close": 10.179389, "volume": 38453, "typical_volume": 107415.05, "trend": 10.634855, "fair_value": 11.149144, "relative_strength": -10.176006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.225939, "energy": 28.80176, "activity_lines": [ 10.076188, 10.106892, 10.33017, 10.476434 ] }, { "date": "2024-10-25", "close": 9.944841, "volume": 67251, "typical_volume": 107419.3, "trend": 10.606978, "fair_value": 11.135309, "relative_strength": -13.64114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.895708, "energy": 27.93508, "activity_lines": [ 10.051169, 10.056571, 10.275219, 10.431917 ] }, { "date": "2024-11-01", "close": 9.851022, "volume": 35289, "typical_volume": 103849.0, "trend": 10.578993, "fair_value": 11.114582, "relative_strength": -12.520343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.754811, "energy": 28.908667, "activity_lines": [ 9.985496, 10.001133, 10.217587, 10.383146 ] }, { "date": "2024-11-08", "close": 8.894065, "volume": 443917, "typical_volume": 119480.15, "trend": 10.50703, "fair_value": 11.088245, "relative_strength": -19.727951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.88583, "energy": 44.902877, "activity_lines": [ 9.607092, 9.78876, 10.073954, 10.274441 ] }, { "date": "2024-11-15", "close": 8.349914, "volume": 314055, "typical_volume": 130469.95, "trend": 10.419949, "fair_value": 11.060516, "relative_strength": -25.691938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.167376, "energy": 70.440359, "activity_lines": [ 9.129864, 9.509349, 9.888192, 10.135272 ] }, { "date": "2024-11-22", "close": 8.443732, "volume": 241673, "typical_volume": 133459.65, "trend": 10.329955, "fair_value": 11.031015, "relative_strength": -25.642254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.316273, "energy": 76.45619, "activity_lines": [ 8.796493, 9.281965, 9.723204, 10.007774 ] }, { "date": "2024-11-29", "close": 8.424968, "volume": 271948, "typical_volume": 143344.95, "trend": 10.260475, "fair_value": 11.005878, "relative_strength": -24.704897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.989763, "energy": 77.425562, "activity_lines": [ 8.572577, 9.075904, 9.567375, 9.884872 ] }, { "date": "2024-12-06", "close": 8.443732, "volume": 246246, "typical_volume": 152041.55, "trend": 10.1886, "fair_value": 10.98007, "relative_strength": -23.913061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.589138, "energy": 75.95858, "activity_lines": [ 8.456241, 8.898329, 9.423697, 9.767663 ] }, { "date": "2024-12-13", "close": 8.556315, "volume": 275696, "typical_volume": 161750.4, "trend": 10.108399, "fair_value": 10.957094, "relative_strength": -22.259677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.429347, "energy": 64.1409, "activity_lines": [ 8.471252, 8.768518, 9.301017, 9.662354 ] }, { "date": "2024-12-20", "close": 8.706427, "volume": 163685, "typical_volume": 168664.1, "trend": 10.029591, "fair_value": 10.934553, "relative_strength": -17.942417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.881894, "energy": 46.173754, "activity_lines": [ 8.558817, 8.694656, 9.20416, 9.571904 ] }, { "date": "2024-12-27", "close": 8.443732, "volume": 46310, "typical_volume": 164534.2, "trend": 9.949844, "fair_value": 10.908217, "relative_strength": -21.30432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.282041, "energy": 43.726517, "activity_lines": [ 8.53505, 8.597255, 9.091979, 9.469591 ] }, { "date": "2025-01-03", "close": 8.349914, "volume": 64435, "typical_volume": 165938.15, "trend": 9.852898, "fair_value": 10.883654, "relative_strength": -23.544056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.022995, "energy": 42.804317, "activity_lines": [ 8.480009, 8.514353, 8.981138, 9.366369 ] }, { "date": "2025-01-10", "close": 8.368678, "volume": 72128, "typical_volume": 165116.65, "trend": 9.767522, "fair_value": 10.860267, "relative_strength": -23.632662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.59362, "energy": 41.150549, "activity_lines": [ 8.436227, 8.463861, 8.882807, 9.270613 ] }, { "date": "2025-01-17", "close": 8.406205, "volume": 84997, "typical_volume": 164941.3, "trend": 9.683398, "fair_value": 10.841869, "relative_strength": -23.307638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.068824, "energy": 39.831917, "activity_lines": [ 8.409958, 8.447144, 8.799576, 9.182786 ] }, { "date": "2025-01-24", "close": 8.424968, "volume": 130807, "typical_volume": 156255.4, "trend": 9.603026, "fair_value": 10.822272, "relative_strength": -22.358965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.731407, "energy": 37.559835, "activity_lines": [ 8.39995, 8.442709, 8.728809, 9.101597 ] }, { "date": "2025-01-31", "close": 8.387442, "volume": 149878, "typical_volume": 154214.75, "trend": 9.524531, "fair_value": 10.80006, "relative_strength": -23.438136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.534354, "energy": 36.566969, "activity_lines": [ 8.396198, 8.430086, 8.66327, 9.023173 ] }, { "date": "2025-02-07", "close": 8.706427, "volume": 129831, "typical_volume": 151482.15, "trend": 9.461359, "fair_value": 10.78728, "relative_strength": -18.374733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.249343, "energy": 28.052732, "activity_lines": [ 8.502526, 8.476484, 8.634856, 8.970392 ] }, { "date": "2025-02-14", "close": 8.725191, "volume": 80322, "typical_volume": 146998.25, "trend": 9.398813, "fair_value": 10.774356, "relative_strength": -17.630983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.470951, "energy": 22.207536, "activity_lines": [ 8.591342, 8.521176, 8.613456, 8.922897 ] }, { "date": "2025-02-21", "close": 8.57508, "volume": 100855, "typical_volume": 149599.05, "trend": 9.318754, "fair_value": 10.760734, "relative_strength": -19.062048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.639347, "energy": 17.987066, "activity_lines": [ 8.606353, 8.533458, 8.583568, 8.869753 ] }, { "date": "2025-02-28", "close": 8.143512, "volume": 353602, "typical_volume": 165568.9, "trend": 9.232127, "fair_value": 10.749885, "relative_strength": -21.847285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.615068, "energy": 28.140981, "activity_lines": [ 8.46625, 8.466932, 8.519995, 8.793931 ] }, { "date": "2025-03-07", "close": 8.875301, "volume": 538213, "typical_volume": 190556.9, "trend": 9.174585, "fair_value": 10.746893, "relative_strength": -14.254484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.685427, "energy": 11.303663, "activity_lines": [ 8.58884, 8.543693, 8.53514, 8.77091 ] }, { "date": "2025-03-14", "close": 8.443732, "volume": 86449, "typical_volume": 191516.8, "trend": 9.102657, "fair_value": 10.742981, "relative_strength": -18.594213, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.929577, "energy": 15.539404, "activity_lines": [ 8.53505, 8.53414, 8.515393, 8.723758 ] }, { "date": "2025-03-21", "close": 8.969121, "volume": 633196, "typical_volume": 221412.15, "trend": 9.041987, "fair_value": 10.736634, "relative_strength": -14.656882, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.447441, "energy": 5.664337, "activity_lines": [ 8.673903, 8.618407, 8.552831, 8.715143 ] }, { "date": "2025-03-28", "close": 8.668899, "volume": 74292, "typical_volume": 202930.9, "trend": 8.976001, "fair_value": 10.734693, "relative_strength": -15.838634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.28202, "energy": 10.600537, "activity_lines": [ 8.696419, 8.637171, 8.565877, 8.691073 ] }, { "date": "2025-04-04", "close": 8.424968, "volume": 76036, "typical_volume": 191029.95, "trend": 8.914393, "fair_value": 10.72855, "relative_strength": -10.829751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.258846, "energy": 9.442929, "activity_lines": [ 8.631371, 8.606808, 8.556763, 8.655522 ] }, { "date": "2025-04-11", "close": 8.443732, "volume": 34738, "typical_volume": 180683.2, "trend": 8.869047, "fair_value": 10.722, "relative_strength": -10.85428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.984411, "energy": 12.039345, "activity_lines": [ 8.553814, 8.579856, 8.549078, 8.625157 ] }, { "date": "2025-04-18", "close": 8.800247, "volume": 18617, "typical_volume": 168016.65, "trend": 8.835585, "fair_value": 10.717736, "relative_strength": -9.095232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.043108, "energy": 6.639627, "activity_lines": [ 8.623866, 8.616701, 8.575348, 8.620718 ] }, { "date": "2025-04-25", "close": 7.993401, "volume": 87961, "typical_volume": 160102.4, "trend": 8.770536, "fair_value": 10.706452, "relative_strength": -17.302908, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.228733, "energy": 26.420456, "activity_lines": [ 8.401202, 8.505142, 8.522988, 8.566384 ] }, { "date": "2025-05-02", "close": 8.518788, "volume": 14245, "typical_volume": 147029.85, "trend": 8.716747, "fair_value": 10.69669, "relative_strength": -14.5014, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.162098, "energy": 20.875494, "activity_lines": [ 8.418714, 8.502412, 8.522809, 8.550142 ] }, { "date": "2025-05-09", "close": 8.819009, "volume": 142760, "typical_volume": 145983.6, "trend": 8.676092, "fair_value": 10.690436, "relative_strength": -10.786573, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.770292, "energy": 8.560963, "activity_lines": [ 8.546308, 8.555292, 8.551402, 8.55674 ] }, { "date": "2025-05-16", "close": 9.428835, "volume": 122306, "typical_volume": 149783.4, "trend": 8.651073, "fair_value": 10.679648, "relative_strength": -7.822435, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.075544, "energy": 24.03653, "activity_lines": [ 8.850908, 8.706768, 8.637537, 8.605304 ] }, { "date": "2025-05-23", "close": 9.044177, "volume": 25472, "typical_volume": 147835.25, "trend": 8.621051, "fair_value": 10.665339, "relative_strength": -10.163032, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.615056, "energy": 36.787052, "activity_lines": [ 8.961615, 8.778241, 8.682346, 8.630665 ] }, { "date": "2025-05-30", "close": 9.373698, "volume": 86314, "typical_volume": 148544.55, "trend": 8.60514, "fair_value": 10.65582, "relative_strength": -7.184218, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.292252, "energy": 50.560683, "activity_lines": [ 9.165901, 8.89871, 8.755233, 8.679223 ] }, { "date": "2025-06-06", "close": 9.584558, "volume": 71499, "typical_volume": 147869.65, "trend": 8.628157, "fair_value": 10.645511, "relative_strength": -5.953226, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.99158, "energy": 61.185877, "activity_lines": [ 9.348453, 9.050162, 8.843416, 8.742411 ] }, { "date": "2025-06-13", "close": 9.469544, "volume": 51947, "typical_volume": 143926.65, "trend": 8.665478, "fair_value": 10.638213, "relative_strength": -8.969197, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.525785, "energy": 55.148686, "activity_lines": [ 9.421616, 9.164053, 8.915034, 8.796694 ] }, { "date": "2025-06-20", "close": 9.431206, "volume": 13658, "typical_volume": 137115.65, "trend": 8.698394, "fair_value": 10.631472, "relative_strength": -9.694844, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.378476, "energy": 53.045923, "activity_lines": [ 9.43863, 9.251982, 8.978027, 8.846096 ] }, { "date": "2025-06-27", "close": 8.932808, "volume": 48639, "typical_volume": 133056.05, "trend": 8.715322, "fair_value": 10.620198, "relative_strength": -11.996093, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.14353, "energy": 31.014742, "activity_lines": [ 9.289354, 9.231338, 8.988583, 8.86122 ] }, { "date": "2025-07-04", "close": 8.91364, "volume": 7080, "typical_volume": 129393.95, "trend": 8.730985, "fair_value": 10.612013, "relative_strength": -12.925108, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.512982, "energy": 19.303865, "activity_lines": [ 9.141113, 9.2048, 8.996235, 8.874014 ] }, { "date": "2025-07-11", "close": 8.91364, "volume": 234376, "typical_volume": 136070.0, "trend": 8.742896, "fair_value": 10.601419, "relative_strength": -12.156368, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.195944, "energy": 17.028569, "activity_lines": [ 9.023543, 9.161529, 9.00299, 8.885799 ] }, { "date": "2025-07-18", "close": 8.606933, "volume": 229966, "typical_volume": 129888.2, "trend": 8.73958, "fair_value": 10.585914, "relative_strength": -14.106797, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.03589, "energy": 15.772785, "activity_lines": [ 8.848464, 9.055315, 8.978923, 8.877027 ] }, { "date": "2025-07-25", "close": 8.70278, "volume": 108557, "typical_volume": 108405.4, "trend": 8.748214, "fair_value": 10.576377, "relative_strength": -12.406401, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.8962, "energy": 16.905121, "activity_lines": [ 8.762843, 8.970384, 8.961777, 8.874653 ] }, { "date": "2025-08-01", "close": 8.664441, "volume": 27795, "typical_volume": 105472.7, "trend": 8.758699, "fair_value": 10.564989, "relative_strength": -11.68312, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.797871, "energy": 16.333937, "activity_lines": [ 8.713003, 8.891682, 8.941801, 8.869248 ] }, { "date": "2025-08-08", "close": 8.491919, "volume": 37515, "typical_volume": 75688.65, "trend": 8.762807, "fair_value": 10.551959, "relative_strength": -13.7477, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.471325, "energy": 24.972327, "activity_lines": [ 8.623547, 8.788518, 8.904344, 8.852036 ] }, { "date": "2025-08-15", "close": 8.396073, "volume": 155259, "typical_volume": 79737.0, "trend": 8.762469, "fair_value": 10.540189, "relative_strength": -14.724441, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.321354, "energy": 35.494012, "activity_lines": [ 8.530257, 8.683959, 8.860031, 8.828376 ] }, { "date": "2025-08-22", "close": 8.070198, "volume": 174320, "typical_volume": 84651.2, "trend": 8.750643, "fair_value": 10.525259, "relative_strength": -18.828474, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.10371, "energy": 48.717738, "activity_lines": [ 8.362847, 8.541759, 8.785981, 8.783713 ] }, { "date": "2025-08-29", "close": 7.993522, "volume": 74414, "typical_volume": 86635.0, "trend": 8.737513, "fair_value": 10.511176, "relative_strength": -18.052328, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.161906, "energy": 68.458357, "activity_lines": [ 8.20566, 8.41106, 8.706318, 8.734867 ] }, { "date": "2025-09-05", "close": 7.955184, "volume": 84434, "typical_volume": 89925.85, "trend": 8.712471, "fair_value": 10.495241, "relative_strength": -16.731539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.893956, "energy": 72.678622, "activity_lines": [ 8.082978, 8.299531, 8.625148, 8.684394 ] }, { "date": "2025-09-12", "close": 7.878508, "volume": 120990, "typical_volume": 91577.3, "trend": 8.684248, "fair_value": 10.479083, "relative_strength": -18.377613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.64987, "energy": 74.538238, "activity_lines": [ 7.982021, 8.191835, 8.5407, 8.63059 ] }, { "date": "2025-09-19", "close": 7.916846, "volume": 170789, "typical_volume": 99404.5, "trend": 8.662307, "fair_value": 10.464508, "relative_strength": -16.943266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.624339, "energy": 69.447867, "activity_lines": [ 7.934737, 8.109931, 8.460449, 8.58108 ] }, { "date": "2025-09-26", "close": 8.146875, "volume": 143967, "typical_volume": 99464.85, "trend": 8.662419, "fair_value": 10.448999, "relative_strength": -14.779314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.297017, "energy": 53.262969, "activity_lines": [ 7.996078, 8.087974, 8.404973, 8.547826 ] }, { "date": "2025-10-03", "close": 8.051029, "volume": 26820, "typical_volume": 94690.55, "trend": 8.634944, "fair_value": 10.436356, "relative_strength": -14.56858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.851728, "energy": 40.833179, "activity_lines": [ 8.020359, 8.056954, 8.343569, 8.508382 ] }, { "date": "2025-10-10", "close": 8.146875, "volume": 69554, "typical_volume": 96894.65, "trend": 8.625048, "fair_value": 10.42165, "relative_strength": -12.987828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.734175, "energy": 29.315683, "activity_lines": [ 8.072754, 8.055212, 8.297855, 8.476894 ] }, { "date": "2025-10-17", "close": 7.955184, "volume": 85220, "typical_volume": 96839.95, "trend": 8.591251, "fair_value": 10.406786, "relative_strength": -12.936964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.577942, "energy": 27.742388, "activity_lines": [ 8.048474, 8.028027, 8.238156, 8.433676 ] }, { "date": "2025-10-24", "close": 7.801831, "volume": 206574, "typical_volume": 103593.7, "trend": 8.562348, "fair_value": 10.386252, "relative_strength": -15.039579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.125917, "energy": 34.465381, "activity_lines": [ 7.967963, 7.982718, 8.170608, 8.382746 ] }, { "date": "2025-10-31", "close": 7.570588, "volume": 86125, "typical_volume": 105302.6, "trend": 8.533869, "fair_value": 10.363412, "relative_strength": -15.336663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.656449, "energy": 40.911204, "activity_lines": [ 7.81804, 7.906169, 8.089526, 8.318762 ] }, { "date": "2025-11-07", "close": 7.201765, "volume": 127398, "typical_volume": 110989.6, "trend": 8.49247, "fair_value": 10.334914, "relative_strength": -18.324429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.056213, "energy": 62.58095, "activity_lines": [ 7.583594, 7.771646, 7.98236, 8.232819 ] }, { "date": "2025-11-14", "close": 7.570588, "volume": 177795, "typical_volume": 117447.4, "trend": 8.451481, "fair_value": 10.313996, "relative_strength": -14.645437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.360263, "energy": 59.260043, "activity_lines": [ 7.528707, 7.718576, 7.920937, 8.173343 ] }, { "date": "2025-11-21", "close": 7.473529, "volume": 94260, "typical_volume": 121806.4, "trend": 8.434152, "fair_value": 10.293279, "relative_strength": -13.77297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.25113, "energy": 56.921394, "activity_lines": [ 7.479887, 7.654853, 7.856757, 8.110249 ] }, { "date": "2025-11-28", "close": 7.861765, "volume": 139252, "typical_volume": 117050.2, "trend": 8.412252, "fair_value": 10.269287, "relative_strength": -10.472673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.181352, "energy": 37.634012, "activity_lines": [ 7.592588, 7.669081, 7.836409, 8.073321 ] }, { "date": "2025-12-05", "close": 7.764706, "volume": 27224, "typical_volume": 106913.1, "trend": 8.377108, "fair_value": 10.244397, "relative_strength": -12.482197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.642712, "energy": 23.277413, "activity_lines": [ 7.668941, 7.666663, 7.811827, 8.031544 ] }, { "date": "2025-12-12", "close": 7.803529, "volume": 74765, "typical_volume": 105223.5, "trend": 8.322931, "fair_value": 10.220306, "relative_strength": -12.236684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.310441, "energy": 18.19332, "activity_lines": [ 7.745294, 7.678253, 7.794952, 7.994539 ] }, { "date": "2025-12-19", "close": 8.017058, "volume": 67462, "typical_volume": 107206.85, "trend": 8.288694, "fair_value": 10.196211, "relative_strength": -10.334432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.604144, "energy": 15.642758, "activity_lines": [ 7.852706, 7.733166, 7.802696, 7.974805 ] }, { "date": "2025-12-26", "close": 7.958823, "volume": 35563, "typical_volume": 107109.25, "trend": 8.241532, "fair_value": 10.174762, "relative_strength": -10.960608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.862925, "energy": 14.506306, "activity_lines": [ 7.910941, 7.779851, 7.807977, 7.953523 ] }, { "date": "2026-01-02", "close": 8.347059, "volume": 32279, "typical_volume": 100960.25, "trend": 8.200282, "fair_value": 10.152782, "relative_strength": -8.031635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.432086, "energy": 10.204012, "activity_lines": [ 8.066235, 7.897059, 7.85277, 7.960331 ] }, { "date": "2026-01-09", "close": 8.152941, "volume": 54455, "typical_volume": 94967.0, "trend": 8.156395, "fair_value": 10.131205, "relative_strength": -9.906287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.454912, "energy": 13.646987, "activity_lines": [ 8.12447, 7.969059, 7.87931, 7.957277 ] }, { "date": "2026-01-16", "close": 7.92, "volume": 108445, "typical_volume": 96668.55, "trend": 8.106021, "fair_value": 10.108684, "relative_strength": -14.826798, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.553691, "energy": 11.933439, "activity_lines": [ 8.079176, 7.988117, 7.883271, 7.942026 ] }, { "date": "2026-01-23", "close": 7.570588, "volume": 216831, "typical_volume": 103288.4, "trend": 8.060614, "fair_value": 10.079805, "relative_strength": -17.375564, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.639768, "energy": 14.738525, "activity_lines": [ 7.909647, 7.930588, 7.854305, 7.907482 ] }, { "date": "2026-01-30", "close": 7.764706, "volume": 64722, "typical_volume": 100475.0, "trend": 8.022316, "fair_value": 10.052171, "relative_strength": -16.214194, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.666598, "energy": 16.126457, "activity_lines": [ 7.834588, 7.908353, 7.845657, 7.888391 ] }, { "date": "2026-02-06", "close": 7.473529, "volume": 141772, "typical_volume": 99024.15, "trend": 7.974312, "fair_value": 10.023494, "relative_strength": -20.673929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.620614, "energy": 28.620808, "activity_lines": [ 7.675412, 7.827882, 7.809821, 7.852985 ] }, { "date": "2026-02-13", "close": 7.104706, "volume": 194013, "typical_volume": 101526.45, "trend": 7.924238, "fair_value": 9.993276, "relative_strength": -24.958685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.279016, "energy": 54.585576, "activity_lines": [ 7.451529, 7.687412, 7.740969, 7.796882 ] }, { "date": "2026-02-20", "close": 7.279411, "volume": 91263, "typical_volume": 104748.6, "trend": 7.876793, "fair_value": 9.967746, "relative_strength": -25.097491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.252886, "energy": 60.876904, "activity_lines": [ 7.355764, 7.590706, 7.693719, 7.75528 ] }, { "date": "2026-02-27", "close": 7.085294, "volume": 97501, "typical_volume": 106145.95, "trend": 7.824154, "fair_value": 9.939325, "relative_strength": -26.929802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.618052, "energy": 67.90397, "activity_lines": [ 7.238, 7.468235, 7.631655, 7.704216 ] }, { "date": "2026-03-06", "close": 6.832941, "volume": 61064, "typical_volume": 104938.15, "trend": 7.768855, "fair_value": 9.909561, "relative_strength": -29.354749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.070257, "energy": 74.249649, "activity_lines": [ 7.06847, 7.316823, 7.550614, 7.640266 ] }, { "date": "2026-03-13", "close": 7.26, "volume": 120998, "typical_volume": 100659.35, "trend": 7.730986, "fair_value": 9.889946, "relative_strength": -26.023651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.504766, "energy": 58.593377, "activity_lines": [ 7.103412, 7.263529, 7.515588, 7.607437 ] }, { "date": "2026-03-20", "close": 7.570588, "volume": 1298626, "typical_volume": 161284.4, "trend": 7.714332, "fair_value": 9.8704, "relative_strength": -23.07964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.826878, "energy": 35.295786, "activity_lines": [ 7.256117, 7.28647, 7.512722, 7.597089 ] }, { "date": "2026-03-27", "close": 6.71647, "volume": 88642, "typical_volume": 159346.6, "trend": 7.671764, "fair_value": 9.844281, "relative_strength": -31.662995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.241034, "energy": 41.701643, "activity_lines": [ 7.093059, 7.164706, 7.428512, 7.532711 ] }, { "date": "2026-04-03", "close": 6.988235, "volume": 12424, "typical_volume": 151078.05, "trend": 7.639532, "fair_value": 9.817708, "relative_strength": -30.666601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.089267, "energy": 33.957334, "activity_lines": [ 7.058117, 7.114235, 7.372496, 7.488612 ] }, { "date": "2026-04-10", "close": 7.182353, "volume": 123383, "typical_volume": 152534.2, "trend": 7.616327, "fair_value": 9.792655, "relative_strength": -27.708242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.325171, "energy": 30.04275, "activity_lines": [ 7.094353, 7.109647, 7.337739, 7.459117 ] }, { "date": "2026-04-17", "close": 6.968823, "volume": 114121, "typical_volume": 151277.65, "trend": 7.584726, "fair_value": 9.765957, "relative_strength": -26.437014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.562191, "energy": 35.266074, "activity_lines": [ 7.036117, 7.076823, 7.284033, 7.417342 ] }, { "date": "2026-04-24", "close": 6.755294, "volume": 210166, "typical_volume": 160424.75, "trend": 7.53834, "fair_value": 9.736519, "relative_strength": -29.021619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.083853, "energy": 36.777413, "activity_lines": [ 6.926117, 7.014353, 7.214243, 7.36383 ] }, { "date": "2026-05-01", "close": 6.774706, "volume": 119492, "typical_volume": 162661.1, "trend": 7.495796, "fair_value": 9.705009, "relative_strength": -29.023145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.018398, "energy": 35.668759, "activity_lines": [ 6.876941, 6.961765, 7.151109, 7.314564 ] }, { "date": "2026-05-08", "close": 6.464118, "volume": 524235, "typical_volume": 185499.75, "trend": 7.439704, "fair_value": 9.660528, "relative_strength": -29.880107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.897856, "energy": 48.050239, "activity_lines": [ 6.720353, 6.861882, 7.063294, 7.248004 ] }, { "date": "2026-05-15", "close": 6.308824, "volume": 123864, "typical_volume": 189914.8, "trend": 7.384826, "fair_value": 9.613131, "relative_strength": -32.372998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.233517, "energy": 59.680674, "activity_lines": [ 6.546941, 6.745059, 6.968084, 7.175044 ] }, { "date": "2026-05-22", "close": 6.522353, "volume": 88870, "typical_volume": 192744.35, "trend": 7.342176, "fair_value": 9.568167, "relative_strength": -30.193808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.090701, "energy": 51.967735, "activity_lines": [ 6.502941, 6.676588, 6.901067, 7.1194 ] }, { "date": "2026-05-29", "close": 6.5, "volume": 66483, "typical_volume": 193345.75, "trend": 7.30649, "fair_value": 9.521381, "relative_strength": -28.097702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.228625, "energy": 49.259083, "activity_lines": [ 6.481255, 6.617465, 6.840611, 7.065066 ] }, { "date": "2026-06-05", "close": 6.3, "volume": 1511, "typical_volume": 187999.05, "trend": 7.276431, "fair_value": 9.472473, "relative_strength": -29.565753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.885011, "energy": 50.831213, "activity_lines": [ 6.409922, 6.541444, 6.768978, 7.000131 ] }, { "date": "2026-06-12", "close": 6.46, "volume": 13693, "typical_volume": 177842.15, "trend": 7.239412, "fair_value": 9.424311, "relative_strength": -26.646261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.761509, "energy": 36.003658, "activity_lines": [ 6.423569, 6.502086, 6.720297, 6.947458 ] }, { "date": "2026-06-19", "close": 6.1, "volume": 203745, "typical_volume": 184793.3, "trend": 7.193627, "fair_value": 9.37776, "relative_strength": -28.32852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.566875, "energy": 41.596619, "activity_lines": [ 6.31749, 6.406877, 6.642619, 6.873948 ] }, { "date": "2026-06-26", "close": 6.14, "volume": 6645, "typical_volume": 178036.95, "trend": 7.136235, "fair_value": 9.333145, "relative_strength": -25.199352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.615343, "energy": 47.545396, "activity_lines": [ 6.238667, 6.33862, 6.576678, 6.805972 ] }, { "date": "2026-07-03", "close": 6.3, "volume": 2500, "typical_volume": 168461.3, "trend": 7.087412, "fair_value": 9.287316, "relative_strength": -24.212486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.245208, "energy": 38.989877, "activity_lines": [ 6.238667, 6.314524, 6.532325, 6.752021 ] }, { "date": "2026-07-10", "close": 6.1, "volume": 19673, "typical_volume": 164881.8, "trend": 7.030627, "fair_value": 9.242444, "relative_strength": -25.401435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.138706, "energy": 46.865176, "activity_lines": [ 6.185333, 6.262342, 6.472756, 6.688317 ] }, { "date": "2026-07-17", "close": 6.2, "volume": 60041, "typical_volume": 163008.8, "trend": 6.970059, "fair_value": 9.195414, "relative_strength": -24.403344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.365885, "energy": 37.274321, "activity_lines": [ 6.178667, 6.24061, 6.428328, 6.634729 ] }, { "date": "2026-07-24", "close": 6.52, "volume": 96018, "typical_volume": 164756.5, "trend": 6.922098, "fair_value": 9.154914, "relative_strength": -21.720568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.339401, "energy": 24.50925, "activity_lines": [ 6.296, 6.281861, 6.418591, 6.605693 ] }, { "date": "2026-07-31", "close": 6.46, "volume": 5980, "typical_volume": 159005.6, "trend": 6.859196, "fair_value": 9.109551, "relative_strength": -22.053027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.195633, "energy": 20.055272, "activity_lines": [ 6.365333, 6.308364, 6.40463, 6.57588 ] }, { "date": "2026-08-07", "close": 6.44, "volume": 66431, "typical_volume": 97395.85, "trend": 6.802098, "fair_value": 9.06434, "relative_strength": -21.845854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.556296, "energy": 16.221729, "activity_lines": [ 6.406667, 6.332364, 6.392574, 6.548835 ] } ], "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." } } }