{ "ticker": { "uuid": "fa98ceb2-ae77-4543-9d43-1722170876a8", "symbol": "6946", "name": "SANTI ENERGY", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 84.775, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -64.408, "architecture_energy": 65.426, "architecture_maturity": 22.254, "architecture_confidence": 91.968, "architecture_tenure": "New", "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": 18.92, "rotation_up": 13.63, "upward_expansion": 14.42, "deceleration": 37.79, "rotation_down": 67.93, "downward_expansion": 90.09 }, "activity_lines": [ 10.102, 10.569636, 11.158952, 11.606624 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 9.9, "trend_reference": 12.424333, "distance_from_trend": -0.203177, "trend_direction": "Weakening", "fair_value": 20.803158, "distance_from_fair_value": -0.524111, "fair_value_direction": "Weakening", "relative_strength": -49.603611, "relative_strength_direction": "Improving", "price_momentum": -0.168067, "excess_performance": -0.609439, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.203177, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.009276, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.524111, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.054118, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.496036, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045435, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.168067, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.741252, "read": "Supply-led" } ], "volume": { "latest": 237780, "relative_activity": 0.415031, "balance": 0.741252, "dry_up": 0.410061, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.143745, "annualized_volatility": 0.51525, "from_high_reference": -0.64, "from_low_reference": 0.064516 }, "levels": { "trend_reference": 12.424333, "fair_value_reference": 20.803158, "structural_low": 9.3, "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": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": -0.19084, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": -0.009009, "active": true } ], "chart_path": [ { "date": "2024-10-11", "close": 42.0, "volume": 6239853, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 40.549999, "volume": 2722207, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 43.200001, "volume": 3710040, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 41.349998, "volume": 1379180, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 40.049999, "volume": 1671897, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 37.200001, "volume": 937070, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 36.0, "volume": 985960, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 34.75, "volume": 734417, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 34.75, "volume": 533074, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 33.200001, "volume": 842787, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 31.1, "volume": 550914, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 32.349998, "volume": 314907, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 32.0, "volume": 266185, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 30.65, "volume": 252535, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 30.950001, "volume": 174880, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 30.75, "volume": 171589, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 34.450001, "volume": 502774, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 33.099998, "volume": 88215, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 31.799999, "volume": 251187, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 31.75, "volume": 76545, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 30.85, "volume": 387915, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 29.1, "volume": 504825, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 29.1, "volume": 286479, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 28.6, "volume": 188022, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 28.049999, "volume": 61220, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 24.799999, "volume": 1306732, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 25.35, "volume": 219820, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 21.549999, "volume": 880457, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 25.6, "volume": 527490, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 26.25, "volume": 271083, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 24.1, "volume": 140354, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 24.950001, "volume": 131252, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 24.1, "volume": 95642, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 23.0, "volume": 190382, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 23.25, "volume": 138630, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 23.85, "volume": 258423, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 22.950001, "volume": 164484, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 22.75, "volume": 337040, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 22.9, "volume": 242246, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 23.4, "volume": 208448, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 23.6, "volume": 773472, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 23.1, "volume": 58187, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 22.65, "volume": 299112, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 22.6, "volume": 228296, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 22.5, "volume": 198871, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 21.450001, "volume": 125413, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 18.65, "volume": 834226, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 19.1, "volume": 255266, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 18.1, "volume": 198132, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 18.700001, "volume": 256982, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 17.9, "volume": 1128720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 16.0, "volume": 325588, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 15.0, "volume": 496440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 13.55, "volume": 500786, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 12.25, "volume": 1706524, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 13.5, "volume": 270078, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 12.35, "volume": 188105, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 12.3, "volume": 105296, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 11.5, "volume": 206951, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 11.45, "volume": 520767, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 11.2, "volume": 111492, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 9.99, "volume": 519614, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 9.99, "volume": 490992, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 10.05, "volume": 225062, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 9.64, "volume": 193101, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 25.0, "volume": 1400518, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 15.2, "volume": 4574771, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-30", "close": 12.5, "volume": 1071237, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-06", "close": 11.9, "volume": 744693, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-13", "close": 10.55, "volume": 1203070, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-27", "close": 11.15, "volume": 1906088, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-06", "close": 12.0, "volume": 1606419, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-13", "close": 11.05, "volume": 588441, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-20", "close": 12.65, "volume": 1100123, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-27", "close": 14.5, "volume": 2464198, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-04-03", "close": 13.35, "volume": 711823, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-04-10", "close": 13.65, "volume": 794809, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-04-17", "close": 13.4, "volume": 781464, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-04-24", "close": 15.1, "volume": 3180206, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-05-01", "close": 13.1, "volume": 369573, "typical_volume": 1201884.7, "trend": 13.059, "fair_value": 22.608375, "relative_strength": -49.32034, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 22.611999, "energy": 27.928808, "activity_lines": [ 13.783333, 13.475455, 13.139048, 12.931398 ] }, { "date": "2026-05-08", "close": 12.85, "volume": 590798, "typical_volume": 1225850.0, "trend": 12.890667, "fair_value": 22.487901, "relative_strength": -52.209669, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 43.837014, "energy": 26.474037, "activity_lines": [ 13.493333, 13.449091, 13.143952, 12.917914 ] }, { "date": "2026-05-15", "close": 11.85, "volume": 619455, "typical_volume": 1230842.05, "trend": 12.752333, "fair_value": 22.358171, "relative_strength": -54.147078, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 16.277762, "energy": 7.837619, "activity_lines": [ 12.903333, 13.21, 13.045762, 12.850774 ] }, { "date": "2026-05-22", "close": 11.35, "volume": 469111, "typical_volume": 1229748.0, "trend": 12.630667, "fair_value": 22.225542, "relative_strength": -56.097371, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -19.822274, "energy": 19.188228, "activity_lines": [ 12.266667, 12.882727, 12.891095, 12.760301 ] }, { "date": "2026-05-29", "close": 11.35, "volume": 655390, "typical_volume": 1251264.4, "trend": 12.557333, "fair_value": 22.096071, "relative_strength": -57.310501, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -19.566296, "energy": 27.076365, "activity_lines": [ 11.766667, 12.55, 12.729952, 12.677677 ] }, { "date": "2026-06-05", "close": 11.75, "volume": 455457, "typical_volume": 1264382.2, "trend": 12.540667, "fair_value": 21.974353, "relative_strength": -54.869615, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -25.971437, "energy": 34.660945, "activity_lines": [ 11.65, 12.313636, 12.600714, 12.625591 ] }, { "date": "2026-06-12", "close": 11.35, "volume": 201491, "typical_volume": 1204430.85, "trend": 12.469, "fair_value": 21.850814, "relative_strength": -54.291053, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -29.070139, "energy": 39.396118, "activity_lines": [ 11.49, 12.054545, 12.423333, 12.548774 ] }, { "date": "2026-06-19", "close": 11.0, "volume": 185455, "typical_volume": 984965.05, "trend": 12.424, "fair_value": 21.726092, "relative_strength": -56.67963, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -31.554744, "energy": 37.483346, "activity_lines": [ 11.313333, 11.768182, 12.277619, 12.454 ] }, { "date": "2026-06-26", "close": 11.2, "volume": 741675, "typical_volume": 968486.95, "trend": 12.387333, "fair_value": 21.606477, "relative_strength": -52.633842, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -55.070028, "energy": 37.96246, "activity_lines": [ 11.26, 11.566364, 12.170952, 12.375032 ] }, { "date": "2026-07-03", "close": 11.8, "volume": 274311, "typical_volume": 944967.85, "trend": 12.397333, "fair_value": 21.496292, "relative_strength": -51.098105, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -51.571322, "energy": 29.876465, "activity_lines": [ 11.416667, 11.513636, 12.127619, 12.33714 ] }, { "date": "2026-07-10", "close": 11.75, "volume": 290941, "typical_volume": 899361.4, "trend": 12.407333, "fair_value": 21.388, "relative_strength": -48.329655, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -39.203003, "energy": 21.874005, "activity_lines": [ 11.526667, 11.511818, 12.08, 12.295376 ] }, { "date": "2026-07-17", "close": 10.9, "volume": 196733, "typical_volume": 813893.65, "trend": 12.397333, "fair_value": 21.272747, "relative_strength": -47.54208, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -56.070513, "energy": 27.848562, "activity_lines": [ 11.353333, 11.38, 11.945714, 12.198129 ] }, { "date": "2026-07-24", "close": 10.6, "volume": 210023, "typical_volume": 744073.85, "trend": 12.417667, "fair_value": 21.156739, "relative_strength": -48.59666, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -59.838179, "energy": 34.219847, "activity_lines": [ 11.11, 11.229091, 11.784048, 12.082172 ] }, { "date": "2026-07-31", "close": 9.99, "volume": 193545, "typical_volume": 724329.05, "trend": 12.417667, "fair_value": 21.036667, "relative_strength": -49.348464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.664535, "energy": 53.906943, "activity_lines": [ 10.69, 10.99, 11.570952, 11.925548 ] }, { "date": "2026-08-07", "close": 9.99, "volume": 298382, "typical_volume": 684242.0, "trend": 12.415667, "fair_value": 20.919149, "relative_strength": -48.9856, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.331505, "energy": 62.497576, "activity_lines": [ 10.350667, 10.775636, 11.362905, 11.768925 ] }, { "date": "2026-08-14", "close": 9.9, "volume": 237780, "typical_volume": 572921.1, "trend": 12.424333, "fair_value": 20.803158, "relative_strength": -49.603611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.407797, "energy": 65.426452, "activity_lines": [ 10.102, 10.569636, 11.158952, 11.606624 ] } ], "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." } } }