{ "ticker": { "uuid": "fbaa5227-aa6d-4913-af6e-c6cd3c01aa05", "symbol": "RAYZ", "name": "Global X Solar UCITS ETF", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 81.204, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -67.867, "architecture_energy": 84.636, "architecture_maturity": 16.648, "architecture_confidence": 79.74, "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": 17.05, "rotation_up": 8.64, "upward_expansion": 20.59, "deceleration": 37.84, "rotation_down": 79.93, "downward_expansion": 96.26 }, "activity_lines": [ 10.137933, 10.5769, 11.510369, 11.870106 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 10.583, "trend_reference": 12.207883, "distance_from_trend": -0.133101, "trend_direction": "Weakening", "fair_value": 9.790647, "distance_from_fair_value": 0.08093, "fair_value_direction": "Weakening", "relative_strength": -15.021455, "relative_strength_direction": "Weakening", "price_momentum": -0.174815, "excess_performance": -0.22605, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.133101, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.000992, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.08093, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.218582, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.150215, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.325651, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.174815, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.345698, "read": "Demand-led" } ], "volume": { "latest": 22230, "relative_activity": 1.546919, "balance": 1.345698, "dry_up": 1.062263, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.066107, "annualized_volatility": 0.325297, "from_high_reference": -0.264252, "from_low_reference": 0.310345 }, "levels": { "trend_reference": 12.207883, "fair_value_reference": 9.790647, "structural_low": 9.583, "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": 21, "median_return": 0.000594, "positive_rate": 0.52381, "directional_follow_through": 0.47619, "median_excess_return": -0.011722, "regime_survival": 0.809524, "best_return": 0.197603, "worst_return": -0.143051, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.054622, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.084829, "regime_survival": 0.714286, "best_return": 0.056915, "worst_return": -0.158078, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.080425, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.140658, "regime_survival": 0.75, "best_return": 0.146968, "worst_return": -0.195619, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.097701, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.224753, "regime_survival": 0.5, "best_return": 0.088828, "worst_return": -0.284229, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-06-21", "tenure": "New", "return": -0.096552, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-09-27", "tenure": "Established", "return": 0.118737, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.137847, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-12-20", "tenure": "Developing", "return": -0.080419, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-06-20", "tenure": "Established", "return": -0.108562, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.071457, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": -0.010358, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-12-05", "tenure": "Established", "return": 0.268916, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": 0.053926, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-04-03", "tenure": "Established", "return": 0.057093, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-05-08", "tenure": "Developing", "return": 0.066814, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-06-26", "tenure": "Developing", "return": -0.148432, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.125257, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.067696, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.126, "volume": 122, "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": "2023-08-25", "close": 11.686, "volume": 3944, "typical_volume": 1425.55, "trend": 15.147467, "fair_value": 16.365225, "relative_strength": -25.336931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.328692, "energy": 96.619438, "activity_lines": [ 12.502533, 13.253091, 13.891471, 14.404794 ] }, { "date": "2023-09-01", "close": 12.172, "volume": 1053, "typical_volume": 1408.05, "trend": 14.957733, "fair_value": 16.313457, "relative_strength": -22.94445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.654563, "energy": 89.929447, "activity_lines": [ 12.251467, 12.969364, 13.680205, 14.212828 ] }, { "date": "2023-09-08", "close": 11.406, "volume": 588, "typical_volume": 1367.55, "trend": 14.761467, "fair_value": 16.25361, "relative_strength": -27.214323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.933585, "energy": 94.15075, "activity_lines": [ 11.871133, 12.584345, 13.41451, 13.983684 ] }, { "date": "2023-09-15", "close": 11.369, "volume": 4431, "typical_volume": 1554.85, "trend": 14.5831, "fair_value": 16.194759, "relative_strength": -28.977016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.625213, "energy": 91.996851, "activity_lines": [ 11.6322, 12.255364, 13.167495, 13.764815 ] }, { "date": "2023-09-22", "close": 11.014, "volume": 262, "typical_volume": 1553.6, "trend": 14.4027, "fair_value": 16.133083, "relative_strength": -30.329707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.486672, "energy": 91.565475, "activity_lines": [ 11.386267, 11.917309, 12.904814, 13.534551 ] }, { "date": "2023-09-29", "close": 11.15, "volume": 10512, "typical_volume": 2062.1, "trend": 14.204633, "fair_value": 16.074459, "relative_strength": -28.127071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.192016, "energy": 85.88152, "activity_lines": [ 11.2598, 11.672545, 12.672576, 13.324699 ] }, { "date": "2023-10-06", "close": 10.515, "volume": 2326, "typical_volume": 2167.7, "trend": 13.984033, "fair_value": 16.009814, "relative_strength": -30.590388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.187094, "energy": 91.028485, "activity_lines": [ 10.9574, 11.370964, 12.397605, 13.086658 ] }, { "date": "2023-10-13", "close": 10.675, "volume": 6942, "typical_volume": 1989.65, "trend": 13.829967, "fair_value": 15.948494, "relative_strength": -29.894546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.609449, "energy": 77.811397, "activity_lines": [ 10.8188, 11.162982, 12.158962, 12.873172 ] }, { "date": "2023-10-20", "close": 10.072, "volume": 388, "typical_volume": 1781.15, "trend": 13.634333, "fair_value": 15.881716, "relative_strength": -31.533713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.907613, "energy": 82.573938, "activity_lines": [ 10.527933, 10.900582, 11.883162, 12.630723 ] }, { "date": "2023-10-27", "close": 9.644, "volume": 309, "typical_volume": 1787.85, "trend": 13.3981, "fair_value": 15.811629, "relative_strength": -32.808962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.415717, "energy": 90.346767, "activity_lines": [ 10.180867, 10.614309, 11.587967, 12.373282 ] }, { "date": "2023-11-03", "close": 9.771, "volume": 1057, "typical_volume": 1822.9, "trend": 13.186467, "fair_value": 15.744511, "relative_strength": -32.404341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.409563, "energy": 85.355078, "activity_lines": [ 9.967467, 10.396255, 11.326638, 12.139275 ] }, { "date": "2023-11-10", "close": 9.61, "volume": 584, "typical_volume": 1851.75, "trend": 12.9714, "fair_value": 15.677099, "relative_strength": -32.244348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.261771, "energy": 88.621087, "activity_lines": [ 9.792333, 10.183745, 11.074671, 11.908535 ] }, { "date": "2023-11-17", "close": 10.093, "volume": 1722, "typical_volume": 1935.35, "trend": 12.7722, "fair_value": 15.616402, "relative_strength": -29.46754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.209532, "energy": 67.988612, "activity_lines": [ 9.838533, 10.105636, 10.890852, 11.722832 ] }, { "date": "2023-11-24", "close": 9.9545, "volume": 360, "typical_volume": 1944.15, "trend": 12.59805, "fair_value": 15.555521, "relative_strength": -29.549564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.304082, "energy": 66.188632, "activity_lines": [ 9.877367, 10.026218, 10.716533, 11.541045 ] }, { "date": "2023-12-01", "close": 9.7785, "volume": 3812, "typical_volume": 2119.55, "trend": 12.434433, "fair_value": 15.494064, "relative_strength": -30.392091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.995069, "energy": 66.227337, "activity_lines": [ 9.865367, 9.940518, 10.546717, 11.359139 ] }, { "date": "2023-12-08", "close": 9.539, "volume": 1945, "typical_volume": 2140.25, "trend": 12.256533, "fair_value": 15.431379, "relative_strength": -31.591653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.038603, "energy": 68.070719, "activity_lines": [ 9.764567, 9.833736, 10.377931, 11.172337 ] }, { "date": "2023-12-15", "close": 10.099, "volume": 2058, "typical_volume": 2199.75, "trend": 12.095033, "fair_value": 15.375833, "relative_strength": -27.097286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.319589, "energy": 56.889313, "activity_lines": [ 9.8659, 9.858064, 10.285507, 11.033141 ] }, { "date": "2023-12-22", "close": 10.484, "volume": 7580, "typical_volume": 2553.5, "trend": 11.946767, "fair_value": 15.325402, "relative_strength": -24.927174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.660966, "energy": 47.378629, "activity_lines": [ 10.062967, 9.959955, 10.248626, 10.929203 ] }, { "date": "2023-12-29", "close": 11.014, "volume": 0, "typical_volume": 2499.75, "trend": 11.8286, "fair_value": 15.281408, "relative_strength": -20.850404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.218395, "energy": 22.776563, "activity_lines": [ 10.410633, 10.161682, 10.277593, 10.869025 ] }, { "date": "2024-01-05", "close": 10.077, "volume": 4229, "typical_volume": 2705.1, "trend": 11.690633, "fair_value": 15.228838, "relative_strength": -26.445088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.30731, "energy": 28.47175, "activity_lines": [ 10.375333, 10.175918, 10.226964, 10.756018 ] }, { "date": "2024-01-12", "close": 10.249, "volume": 2207, "typical_volume": 2618.25, "trend": 11.5337, "fair_value": 15.17904, "relative_strength": -23.760397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.103848, "energy": 21.199477, "activity_lines": [ 10.377467, 10.213555, 10.202474, 10.66301 ] }, { "date": "2024-01-19", "close": 9.5505, "volume": 10031, "typical_volume": 3067.15, "trend": 11.376683, "fair_value": 15.123312, "relative_strength": -26.554076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.389722, "energy": 35.769507, "activity_lines": [ 10.099433, 10.1155, 10.118302, 10.535061 ] }, { "date": "2024-01-26", "close": 9.6475, "volume": 1815, "typical_volume": 3128.5, "trend": 11.203, "fair_value": 15.069627, "relative_strength": -26.594509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.625448, "energy": 48.177829, "activity_lines": [ 9.8903, 10.036164, 10.055852, 10.423501 ] }, { "date": "2024-02-02", "close": 8.8085, "volume": 1912, "typical_volume": 3002.55, "trend": 11.01595, "fair_value": 15.00884, "relative_strength": -31.966583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.695841, "energy": 77.576917, "activity_lines": [ 9.457267, 9.812382, 9.921871, 10.269017 ] }, { "date": "2024-02-09", "close": 9.4185, "volume": 461, "typical_volume": 3012.5, "trend": 10.837067, "fair_value": 14.955086, "relative_strength": -26.048221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.313147, "energy": 70.374509, "activity_lines": [ 9.3746, 9.720345, 9.858179, 10.165956 ] }, { "date": "2024-02-16", "close": 9.8585, "volume": 255, "typical_volume": 2499.65, "trend": 10.686517, "fair_value": 14.906548, "relative_strength": -23.278685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.976457, "energy": 61.113073, "activity_lines": [ 9.4825, 9.714855, 9.843988, 10.102823 ] }, { "date": "2024-02-23", "close": 9.4, "volume": 3541, "typical_volume": 2560.4, "trend": 10.531083, "fair_value": 14.854599, "relative_strength": -26.057333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.967259, "energy": 47.559712, "activity_lines": [ 9.4636, 9.620191, 9.792281, 10.019822 ] }, { "date": "2024-03-01", "close": 9.8735, "volume": 3, "typical_volume": 2213.45, "trend": 10.403133, "fair_value": 14.808047, "relative_strength": -21.297957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.4338, "energy": 29.279667, "activity_lines": [ 9.612567, 9.624327, 9.790979, 9.977397 ] }, { "date": "2024-03-08", "close": 10.146, "volume": 3583, "typical_volume": 2373.2, "trend": 10.3067, "fair_value": 14.76488, "relative_strength": -18.029292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.479447, "energy": 14.744138, "activity_lines": [ 9.8373, 9.689109, 9.819445, 9.960808 ] }, { "date": "2024-03-15", "close": 9.831, "volume": 5515, "typical_volume": 2633.5, "trend": 10.2302, "fair_value": 14.719615, "relative_strength": -20.500753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.471583, "energy": 15.823256, "activity_lines": [ 9.867867, 9.7124, 9.81756, 9.930117 ] }, { "date": "2024-03-22", "close": 9.741, "volume": 926, "typical_volume": 2626.95, "trend": 10.165367, "fair_value": 14.674354, "relative_strength": -22.387638, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.846679, "energy": 17.348698, "activity_lines": [ 9.840933, 9.7238, 9.806212, 9.898556 ] }, { "date": "2024-03-29", "close": 9.8195, "volume": 2, "typical_volume": 2597.85, "trend": 10.08695, "fair_value": 14.630617, "relative_strength": -21.05708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.311651, "energy": 15.215638, "activity_lines": [ 9.848, 9.758709, 9.802483, 9.876242 ] }, { "date": "2024-04-05", "close": 9.67, "volume": 0, "typical_volume": 2511.75, "trend": 10.029083, "fair_value": 14.586326, "relative_strength": -21.017061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.552579, "energy": 15.924092, "activity_lines": [ 9.777267, 9.761545, 9.783519, 9.849342 ] }, { "date": "2024-04-12", "close": 9.295, "volume": 773, "typical_volume": 2532.4, "trend": 9.95995, "fair_value": 14.5395, "relative_strength": -24.052868, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.369835, "energy": 34.146262, "activity_lines": [ 9.5951, 9.695791, 9.730855, 9.801982 ] }, { "date": "2024-04-19", "close": 8.761, "volume": 1938, "typical_volume": 2438.7, "trend": 9.88485, "fair_value": 14.488811, "relative_strength": -26.663725, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.292681, "energy": 66.996109, "activity_lines": [ 9.291667, 9.5241, 9.630474, 9.72463 ] }, { "date": "2024-04-26", "close": 8.965, "volume": 3268, "typical_volume": 2504.85, "trend": 9.812017, "fair_value": 14.440778, "relative_strength": -26.43119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.072656, "energy": 72.606984, "activity_lines": [ 9.127567, 9.401455, 9.554367, 9.665285 ] }, { "date": "2024-05-03", "close": 9.4655, "volume": 238, "typical_volume": 2413.85, "trend": 9.777033, "fair_value": 14.397888, "relative_strength": -22.286489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.904915, "energy": 67.205903, "activity_lines": [ 9.182033, 9.386055, 9.52866, 9.642929 ] }, { "date": "2024-05-10", "close": 9.397, "volume": 0, "typical_volume": 2034.85, "trend": 9.734433, "fair_value": 14.355145, "relative_strength": -24.072369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.877724, "energy": 61.364684, "activity_lines": [ 9.237267, 9.357009, 9.499445, 9.618411 ] }, { "date": "2024-05-17", "close": 9.307, "volume": 1, "typical_volume": 2034.9, "trend": 9.708933, "fair_value": 14.312364, "relative_strength": -23.859566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.53809, "energy": 35.277525, "activity_lines": [ 9.2807, 9.320264, 9.466836, 9.590834 ] }, { "date": "2024-05-24", "close": 9.935, "volume": 8750, "typical_volume": 2260.95, "trend": 9.718633, "fair_value": 14.27558, "relative_strength": -16.877858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.894633, "energy": 13.943493, "activity_lines": [ 9.532667, 9.412955, 9.502164, 9.605419 ] }, { "date": "2024-05-31", "close": 9.86, "volume": 907, "typical_volume": 2195.95, "trend": 9.7216, "fair_value": 14.238783, "relative_strength": -16.275333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.305577, "energy": 18.179584, "activity_lines": [ 9.681367, 9.490118, 9.531026, 9.61454 ] }, { "date": "2024-06-07", "close": 9.4845, "volume": 2974, "typical_volume": 1843.1, "trend": 9.717417, "fair_value": 14.199492, "relative_strength": -18.366012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.039135, "energy": 21.275194, "activity_lines": [ 9.645233, 9.496845, 9.525979, 9.599243 ] }, { "date": "2024-06-14", "close": 9.506, "volume": 854, "typical_volume": 1795.05, "trend": 9.69785, "fair_value": 14.16102, "relative_strength": -16.288929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.443788, "energy": 21.677173, "activity_lines": [ 9.615, 9.513573, 9.523293, 9.585603 ] }, { "date": "2024-06-21", "close": 8.908, "volume": 3932, "typical_volume": 1896.05, "trend": 9.662967, "fair_value": 14.118313, "relative_strength": -21.521188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.211931, "energy": 32.168857, "activity_lines": [ 9.378167, 9.424555, 9.464329, 9.534645 ] }, { "date": "2024-06-28", "close": 8.3125, "volume": 744, "typical_volume": 1910.2, "trend": 9.6141, "fair_value": 14.071492, "relative_strength": -25.109544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.192213, "energy": 77.085151, "activity_lines": [ 8.969433, 9.2343, 9.348176, 9.447518 ] }, { "date": "2024-07-05", "close": 8.1525, "volume": 2614, "typical_volume": 2028.15, "trend": 9.567883, "fair_value": 14.02414, "relative_strength": -25.865737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.77939, "energy": 89.152316, "activity_lines": [ 8.615533, 9.023109, 9.222052, 9.353222 ] }, { "date": "2024-07-12", "close": 8.7965, "volume": 972, "typical_volume": 1899.7, "trend": 9.524467, "fair_value": 13.982651, "relative_strength": -19.417658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.15308, "energy": 80.79768, "activity_lines": [ 8.590133, 8.943782, 9.165386, 9.303455 ] }, { "date": "2024-07-19", "close": 8.6495, "volume": 6056, "typical_volume": 2202.35, "trend": 9.463317, "fair_value": 13.940657, "relative_strength": -18.858268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.957929, "energy": 80.42889, "activity_lines": [ 8.5616, 8.849891, 9.097593, 9.247005 ] }, { "date": "2024-07-26", "close": 8.8165, "volume": 3474, "typical_volume": 2196.9, "trend": 9.390067, "fair_value": 13.900625, "relative_strength": -17.664177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.249928, "energy": 61.718828, "activity_lines": [ 8.645833, 8.799955, 9.051533, 9.205275 ] }, { "date": "2024-08-02", "close": 8.513, "volume": 5205, "typical_volume": 2181.4, "trend": 9.337933, "fair_value": 13.85886, "relative_strength": -18.483386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.034127, "energy": 48.068044, "activity_lines": [ 8.635, 8.703755, 8.9829, 9.14869 ] }, { "date": "2024-08-09", "close": 8.344, "volume": 1898, "typical_volume": 2230.0, "trend": 9.274433, "fair_value": 13.816438, "relative_strength": -19.171499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.11257, "energy": 52.321793, "activity_lines": [ 8.554467, 8.602682, 8.904448, 9.084566 ] }, { "date": "2024-08-16", "close": 8.4065, "volume": 529, "typical_volume": 2256.35, "trend": 9.2363, "fair_value": 13.775141, "relative_strength": -19.160393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.297358, "energy": 49.872067, "activity_lines": [ 8.482, 8.540536, 8.8386, 9.02857 ] }, { "date": "2024-08-23", "close": 8.3645, "volume": 2479, "typical_volume": 2380.3, "trend": 9.193533, "fair_value": 13.734151, "relative_strength": -18.990544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.863525, "energy": 63.287512, "activity_lines": [ 8.421533, 8.490355, 8.775481, 8.972325 ] }, { "date": "2024-08-30", "close": 8.5765, "volume": 3761, "typical_volume": 2529.7, "trend": 9.1858, "fair_value": 13.695372, "relative_strength": -16.636668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.301765, "energy": 53.328808, "activity_lines": [ 8.450733, 8.499473, 8.738769, 8.932516 ] }, { "date": "2024-09-06", "close": 8.199, "volume": 829, "typical_volume": 2474.25, "trend": 9.14515, "fair_value": 13.654354, "relative_strength": -17.731722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.703036, "energy": 56.537619, "activity_lines": [ 8.3701, 8.445982, 8.669526, 8.868852 ] }, { "date": "2024-09-13", "close": 8.4185, "volume": 1623, "typical_volume": 2392.0, "trend": 9.09715, "fair_value": 13.61557, "relative_strength": -15.857822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.668009, "energy": 43.747461, "activity_lines": [ 8.383567, 8.434464, 8.623864, 8.821971 ] }, { "date": "2024-09-20", "close": 8.3985, "volume": 352, "typical_volume": 2397.7, "trend": 9.063767, "fair_value": 13.57721, "relative_strength": -15.060409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.468639, "energy": 41.286641, "activity_lines": [ 8.3854, 8.414473, 8.5789, 8.776897 ] }, { "date": "2024-09-27", "close": 9.2995, "volume": 2060, "typical_volume": 2500.7, "trend": 9.044633, "fair_value": 13.545985, "relative_strength": -6.453358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.622296, "energy": 9.082265, "activity_lines": [ 8.6881, 8.565536, 8.624826, 8.792105 ] }, { "date": "2024-10-04", "close": 10.236, "volume": 7029, "typical_volume": 2852.1, "trend": 9.047633, "fair_value": 13.522, "relative_strength": 3.745733, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.923446, "energy": 45.710136, "activity_lines": [ 9.240633, 8.875055, 8.760407, 8.868968 ] }, { "date": "2024-10-11", "close": 9.202, "volume": 13857, "typical_volume": 3107.45, "trend": 9.026667, "fair_value": 13.490921, "relative_strength": -5.990599, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.440852, "energy": 36.741235, "activity_lines": [ 9.337867, 8.970764, 8.793088, 8.878927 ] }, { "date": "2024-10-18", "close": 8.7285, "volume": 24, "typical_volume": 3063.3, "trend": 8.992917, "fair_value": 13.456904, "relative_strength": -11.489787, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.998935, "energy": 31.815867, "activity_lines": [ 9.2104, 8.967855, 8.784164, 8.85969 ] }, { "date": "2024-10-25", "close": 9.409, "volume": 884, "typical_volume": 2958.8, "trend": 8.979233, "fair_value": 13.428195, "relative_strength": -3.035044, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.546578, "energy": 39.612038, "activity_lines": [ 9.2891, 9.081682, 8.845438, 8.886534 ] }, { "date": "2024-11-01", "close": 9.4235, "volume": 2012, "typical_volume": 3016.7, "trend": 8.971017, "fair_value": 13.399993, "relative_strength": -1.770568, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.570735, "energy": 21.145052, "activity_lines": [ 9.305267, 9.179918, 8.908452, 8.915197 ] }, { "date": "2024-11-08", "close": 8.825, "volume": 119868, "typical_volume": 8813.5, "trend": 8.95535, "fair_value": 13.368, "relative_strength": -6.489463, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.884098, "energy": 6.528312, "activity_lines": [ 9.113667, 9.150082, 8.91486, 8.905776 ] }, { "date": "2024-11-15", "close": 8.692, "volume": 77421, "typical_volume": 12647.35, "trend": 8.95305, "fair_value": 13.335528, "relative_strength": -7.391454, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.79476, "energy": 4.978962, "activity_lines": [ 8.9718, 9.091545, 8.908995, 8.888786 ] }, { "date": "2024-11-22", "close": 8.4205, "volume": 55371, "typical_volume": 15285.2, "trend": 8.9349, "fair_value": 13.301631, "relative_strength": -11.988547, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.2504, "energy": 16.23953, "activity_lines": [ 8.773433, 8.974682, 8.875467, 8.854428 ] }, { "date": "2024-11-29", "close": 8.8545, "volume": 129, "typical_volume": 15243.05, "trend": 8.914533, "fair_value": 13.271171, "relative_strength": -7.379598, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.752213, "energy": 14.722158, "activity_lines": [ 8.740267, 8.936691, 8.881995, 8.849241 ] }, { "date": "2024-12-06", "close": 8.581, "volume": 901, "typical_volume": 14985.3, "trend": 8.887333, "fair_value": 13.239265, "relative_strength": -10.126129, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.062753, "energy": 27.042457, "activity_lines": [ 8.6529, 8.840682, 8.8622, 8.827723 ] }, { "date": "2024-12-13", "close": 8.3615, "volume": 9474, "typical_volume": 15285.3, "trend": 8.855817, "fair_value": 13.206307, "relative_strength": -11.857263, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.682785, "energy": 34.722547, "activity_lines": [ 8.548533, 8.717827, 8.821826, 8.793798 ] }, { "date": "2024-12-20", "close": 7.993, "volume": 993, "typical_volume": 15074.7, "trend": 8.791083, "fair_value": 13.171319, "relative_strength": -12.946916, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.804075, "energy": 46.679168, "activity_lines": [ 8.352233, 8.562055, 8.748524, 8.738132 ] }, { "date": "2024-12-27", "close": 8.0645, "volume": 0, "typical_volume": 14979.8, "trend": 8.731233, "fair_value": 13.137273, "relative_strength": -12.224756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.802317, "energy": 59.099213, "activity_lines": [ 8.226367, 8.441264, 8.684507, 8.691256 ] }, { "date": "2025-01-03", "close": 7.8375, "volume": 445, "typical_volume": 14975.6, "trend": 8.676333, "fair_value": 13.102175, "relative_strength": -14.946468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.424504, "energy": 69.187504, "activity_lines": [ 8.048567, 8.291273, 8.600202, 8.633596 ] }, { "date": "2025-01-10", "close": 7.7245, "volume": 1175, "typical_volume": 14910.4, "trend": 8.61695, "fair_value": 13.066796, "relative_strength": -15.832831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.435165, "energy": 77.598651, "activity_lines": [ 7.9009, 8.149309, 8.507845, 8.572187 ] }, { "date": "2025-01-17", "close": 8.003, "volume": 1597, "typical_volume": 14802.2, "trend": 8.586783, "fair_value": 13.033699, "relative_strength": -14.931782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.864948, "energy": 71.587779, "activity_lines": [ 7.903167, 8.088873, 8.44506, 8.532577 ] }, { "date": "2025-01-24", "close": 7.8545, "volume": 37, "typical_volume": 14762.6, "trend": 8.571517, "fair_value": 13.000068, "relative_strength": -15.986486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.836113, "energy": 69.395696, "activity_lines": [ 7.879833, 8.016382, 8.370862, 8.485333 ] }, { "date": "2025-01-31", "close": 7.8245, "volume": 521, "typical_volume": 14707.5, "trend": 8.560583, "fair_value": 12.966677, "relative_strength": -17.596173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.101881, "energy": 61.324643, "activity_lines": [ 7.855733, 7.953664, 8.295448, 8.437139 ] }, { "date": "2025-02-07", "close": 8.0565, "volume": 1281, "typical_volume": 14753.95, "trend": 8.535917, "fair_value": 12.935202, "relative_strength": -14.936418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.336862, "energy": 41.572948, "activity_lines": [ 7.924967, 7.943964, 8.244957, 8.404617 ] }, { "date": "2025-02-14", "close": 7.925, "volume": 9519, "typical_volume": 15126.9, "trend": 8.511767, "fair_value": 12.886574, "relative_strength": -16.081681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.223933, "energy": 36.534695, "activity_lines": [ 7.935767, 7.924864, 8.183571, 8.365203 ] }, { "date": "2025-02-21", "close": 7.9405, "volume": 713, "typical_volume": 14811.1, "trend": 8.482567, "fair_value": 12.830949, "relative_strength": -14.748715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.629747, "energy": 33.75062, "activity_lines": [ 7.938367, 7.920509, 8.130207, 8.328347 ] }, { "date": "2025-02-28", "close": 7.681, "volume": 1781, "typical_volume": 14207.3, "trend": 8.454833, "fair_value": 12.772013, "relative_strength": -18.338248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.678647, "energy": 41.367363, "activity_lines": [ 7.858633, 7.876627, 8.06306, 8.276633 ] }, { "date": "2025-03-07", "close": 7.7445, "volume": 22, "typical_volume": 14207.2, "trend": 8.43485, "fair_value": 12.707978, "relative_strength": -15.775961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.380253, "energy": 42.369859, "activity_lines": [ 7.811633, 7.849964, 8.009202, 8.230805 ] }, { "date": "2025-03-14", "close": 7.805, "volume": 14, "typical_volume": 14163.7, "trend": 8.4148, "fair_value": 12.643234, "relative_strength": -14.075837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.703728, "energy": 47.118358, "activity_lines": [ 7.790133, 7.840118, 7.965793, 8.19017 ] }, { "date": "2025-03-21", "close": 7.742, "volume": 0, "typical_volume": 14063.1, "trend": 8.39405, "fair_value": 12.582554, "relative_strength": -14.391531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.109966, "energy": 50.363905, "activity_lines": [ 7.7644, 7.819409, 7.924021, 8.146763 ] }, { "date": "2025-03-28", "close": 7.624, "volume": 0, "typical_volume": 8069.7, "trend": 8.3623, "fair_value": 12.520933, "relative_strength": -15.26216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.997217, "energy": 52.643789, "activity_lines": [ 7.711533, 7.776927, 7.879019, 8.097083 ] }, { "date": "2025-04-04", "close": 7.109, "volume": 168, "typical_volume": 4207.05, "trend": 8.325967, "fair_value": 12.460292, "relative_strength": -14.52487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.913342, "energy": 76.495793, "activity_lines": [ 7.5081, 7.6477, 7.790688, 8.016225 ] }, { "date": "2025-04-11", "close": 6.635, "volume": 11005, "typical_volume": 1988.75, "trend": 8.266517, "fair_value": 12.401253, "relative_strength": -18.816407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.282334, "energy": 92.08304, "activity_lines": [ 7.1848, 7.445845, 7.664752, 7.90713 ] }, { "date": "2025-04-18", "close": 6.6345, "volume": 60715, "typical_volume": 5018.05, "trend": 8.207717, "fair_value": 12.354186, "relative_strength": -21.424723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.423622, "energy": 94.055098, "activity_lines": [ 6.9353, 7.265527, 7.547271, 7.801839 ] }, { "date": "2025-04-25", "close": 6.9005, "volume": 865, "typical_volume": 5016.25, "trend": 8.12775, "fair_value": 12.306554, "relative_strength": -19.201568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.157305, "energy": 88.196964, "activity_lines": [ 6.8525, 7.159427, 7.465695, 7.717502 ] }, { "date": "2025-05-02", "close": 6.985, "volume": 1575, "typical_volume": 4621.3, "trend": 8.019383, "fair_value": 12.260106, "relative_strength": -19.41618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.567705, "energy": 86.724021, "activity_lines": [ 6.853967, 7.087318, 7.400169, 7.643776 ] }, { "date": "2025-05-09", "close": 7.297, "volume": 360, "typical_volume": 4589.65, "trend": 7.955883, "fair_value": 12.216394, "relative_strength": -14.983788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.374424, "energy": 60.829023, "activity_lines": [ 7.002033, 7.089309, 7.370912, 7.597171 ] }, { "date": "2025-05-16", "close": 7.9455, "volume": 953, "typical_volume": 4637.3, "trend": 7.929783, "fair_value": 12.167647, "relative_strength": -8.477766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.868207, "energy": 16.701304, "activity_lines": [ 7.353733, 7.216191, 7.406731, 7.596501 ] }, { "date": "2025-05-23", "close": 7.2815, "volume": 1889, "typical_volume": 4709.5, "trend": 7.858867, "fair_value": 12.112195, "relative_strength": -15.866127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.73137, "energy": 26.041401, "activity_lines": [ 7.396733, 7.218691, 7.379879, 7.554676 ] }, { "date": "2025-05-30", "close": 7.148, "volume": 469, "typical_volume": 4674.2, "trend": 7.783017, "fair_value": 12.056221, "relative_strength": -17.317542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.958186, "energy": 28.964814, "activity_lines": [ 7.3521, 7.206436, 7.34296, 7.508814 ] }, { "date": "2025-06-06", "close": 7.326, "volume": 25, "typical_volume": 4595.6, "trend": 7.73305, "fair_value": 11.994926, "relative_strength": -15.355836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.023436, "energy": 23.709841, "activity_lines": [ 7.3503, 7.237345, 7.325738, 7.479329 ] }, { "date": "2025-06-13", "close": 7.464, "volume": 213, "typical_volume": 4604.4, "trend": 7.692117, "fair_value": 11.937304, "relative_strength": -13.334597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.664342, "energy": 16.951892, "activity_lines": [ 7.371767, 7.298764, 7.324883, 7.461971 ] }, { "date": "2025-06-20", "close": 7.189, "volume": 89, "typical_volume": 4582.8, "trend": 7.651067, "fair_value": 11.870663, "relative_strength": -15.367287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.981842, "energy": 21.542668, "activity_lines": [ 7.290433, 7.303727, 7.299698, 7.429512 ] }, { "date": "2025-06-27", "close": 7.501, "volume": 591, "typical_volume": 4548.3, "trend": 7.60595, "fair_value": 11.806984, "relative_strength": -11.646324, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.770255, "energy": 7.763901, "activity_lines": [ 7.363533, 7.355345, 7.307252, 7.41983 ] }, { "date": "2025-07-04", "close": 8.037, "volume": 704, "typical_volume": 4107.55, "trend": 7.587817, "fair_value": 11.740715, "relative_strength": -5.434257, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.666226, "energy": 26.682346, "activity_lines": [ 7.600667, 7.488664, 7.3685, 7.44764 ] }, { "date": "2025-07-11", "close": 8.2065, "volume": 191, "typical_volume": 4081.45, "trend": 7.58265, "fair_value": 11.680051, "relative_strength": -4.433952, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.049165, "energy": 58.82263, "activity_lines": [ 7.835033, 7.632136, 7.445357, 7.487555 ] }, { "date": "2025-07-18", "close": 8.1285, "volume": 120, "typical_volume": 3998.4, "trend": 7.587167, "fair_value": 11.616471, "relative_strength": -5.583109, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.490674, "energy": 64.440543, "activity_lines": [ 7.9847, 7.739218, 7.513519, 7.522771 ] }, { "date": "2025-07-25", "close": 8.3165, "volume": 30, "typical_volume": 3998.8, "trend": 7.595567, "fair_value": 11.542516, "relative_strength": -4.465211, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.288787, "energy": 73.34031, "activity_lines": [ 8.152733, 7.865364, 7.597455, 7.569825 ] }, { "date": "2025-08-01", "close": 7.997, "volume": 12, "typical_volume": 3998.7, "trend": 7.600883, "fair_value": 11.469939, "relative_strength": -7.313761, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.653685, "energy": 64.569346, "activity_lines": [ 8.1391, 7.926673, 7.648238, 7.595724 ] }, { "date": "2025-08-08", "close": 8.1215, "volume": 47, "typical_volume": 4001.05, "trend": 7.614117, "fair_value": 11.392657, "relative_strength": -5.906588, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.817749, "energy": 59.591714, "activity_lines": [ 8.1339, 7.997609, 7.709964, 7.629312 ] }, { "date": "2025-08-15", "close": 8.4915, "volume": 195, "typical_volume": 4010.8, "trend": 7.6304, "fair_value": 11.322058, "relative_strength": -1.921378, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.490325, "energy": 71.309456, "activity_lines": [ 8.2464, 8.118118, 7.805121, 7.685917 ] }, { "date": "2025-08-22", "close": 9.1075, "volume": 7586, "typical_volume": 4381.7, "trend": 7.672167, "fair_value": 11.257202, "relative_strength": 3.191309, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.045516, "energy": 89.660843, "activity_lines": [ 8.545233, 8.329436, 7.954814, 7.781214 ] }, { "date": "2025-08-29", "close": 9.3065, "volume": 11, "typical_volume": 3832.0, "trend": 7.721567, "fair_value": 11.200506, "relative_strength": 7.008842, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.036876, "energy": 95.005639, "activity_lines": [ 8.845133, 8.547055, 8.113943, 7.886655 ] }, { "date": "2025-09-05", "close": 10.157, "volume": 5811, "typical_volume": 1086.8, "trend": 7.791583, "fair_value": 11.143045, "relative_strength": 16.284699, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.411278, "energy": 97.53892, "activity_lines": [ 9.362533, 8.880809, 8.34135, 8.04378 ] }, { "date": "2025-09-12", "close": 9.8975, "volume": 411, "typical_volume": 1064.1, "trend": 7.857333, "fair_value": 11.090599, "relative_strength": 12.28647, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.45823, "energy": 93.183546, "activity_lines": [ 9.649433, 9.119091, 8.527269, 8.179645 ] }, { "date": "2025-09-19", "close": 9.936, "volume": 7069, "typical_volume": 1338.8, "trend": 7.92385, "fair_value": 11.04667, "relative_strength": 13.405556, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.726668, "energy": 91.081568, "activity_lines": [ 9.830767, 9.330545, 8.702583, 8.313753 ] }, { "date": "2025-09-26", "close": 10.13, "volume": 6789, "typical_volume": 1660.25, "trend": 8.005483, "fair_value": 11.004766, "relative_strength": 14.83355, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.80186, "energy": 90.313632, "activity_lines": [ 9.980467, 9.545827, 8.882321, 8.456085 ] }, { "date": "2025-10-03", "close": 10.854, "volume": 31188, "typical_volume": 3172.0, "trend": 8.109133, "fair_value": 10.970157, "relative_strength": 20.58978, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.06355, "energy": 91.219513, "activity_lines": [ 10.303333, 9.856355, 9.117521, 8.63986 ] }, { "date": "2025-10-10", "close": 10.46, "volume": 8397, "typical_volume": 3497.4, "trend": 8.197633, "fair_value": 10.935022, "relative_strength": 17.011582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.943744, "energy": 69.537312, "activity_lines": [ 10.3917, 10.049109, 9.301348, 8.791529 ] }, { "date": "2025-10-17", "close": 10.57, "volume": 7835, "typical_volume": 3865.7, "trend": 8.2919, "fair_value": 10.904183, "relative_strength": 18.956968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.576215, "energy": 68.863251, "activity_lines": [ 10.496533, 10.217082, 9.480514, 8.944585 ] }, { "date": "2025-10-24", "close": 10.537, "volume": 896, "typical_volume": 3909.25, "trend": 8.389, "fair_value": 10.867644, "relative_strength": 15.12037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.585213, "energy": 66.681692, "activity_lines": [ 10.545533, 10.334536, 9.640243, 9.08943 ] }, { "date": "2025-10-31", "close": 11.343, "volume": 13054, "typical_volume": 4551.3, "trend": 8.530133, "fair_value": 10.830016, "relative_strength": 22.974692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.284509, "energy": 72.422411, "activity_lines": [ 10.823133, 10.561345, 9.861443, 9.280011 ] }, { "date": "2025-11-07", "close": 11.858, "volume": 3167, "typical_volume": 4705.2, "trend": 8.704233, "fair_value": 10.791599, "relative_strength": 28.676114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.774132, "energy": 73.919231, "activity_lines": [ 11.191533, 10.841145, 10.113219, 9.494712 ] }, { "date": "2025-11-14", "close": 11.674, "volume": 9417, "typical_volume": 5146.5, "trend": 8.872217, "fair_value": 10.753388, "relative_strength": 26.152468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.339559, "energy": 69.665378, "activity_lines": [ 11.431667, 11.0411, 10.325238, 9.68631 ] }, { "date": "2025-11-21", "close": 10.339, "volume": 7821, "typical_volume": 5502.35, "trend": 8.986833, "fair_value": 10.706131, "relative_strength": 13.437011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.407536, "energy": 60.155666, "activity_lines": [ 11.145867, 10.970745, 10.390243, 9.780941 ] }, { "date": "2025-11-28", "close": 10.968, "volume": 1274, "typical_volume": 5556.5, "trend": 9.1196, "fair_value": 10.660157, "relative_strength": 17.957766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.763209, "energy": 52.409802, "activity_lines": [ 11.085133, 11.006727, 10.50419, 9.908758 ] }, { "date": "2025-12-05", "close": 10.775, "volume": 2028, "typical_volume": 5651.9, "trend": 9.235533, "fair_value": 10.619029, "relative_strength": 16.332048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.396308, "energy": 38.605095, "activity_lines": [ 10.931333, 10.988855, 10.586607, 10.015558 ] }, { "date": "2025-12-12", "close": 10.774, "volume": 6902, "typical_volume": 5995.5, "trend": 9.329817, "fair_value": 10.582888, "relative_strength": 16.283336, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.390874, "energy": 25.795544, "activity_lines": [ 10.815067, 10.959073, 10.656326, 10.114814 ] }, { "date": "2025-12-19", "close": 10.91, "volume": 49091, "typical_volume": 8449.45, "trend": 9.450767, "fair_value": 10.552298, "relative_strength": 14.535245, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.870833, "energy": 28.381038, "activity_lines": [ 10.8164, 10.955473, 10.727295, 10.216761 ] }, { "date": "2025-12-26", "close": 11.141, "volume": 2876, "typical_volume": 8590.9, "trend": 9.583867, "fair_value": 10.51892, "relative_strength": 16.951501, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.259846, "energy": 31.399668, "activity_lines": [ 10.945667, 10.985691, 10.806393, 10.325809 ] }, { "date": "2026-01-02", "close": 11.355, "volume": 1142, "typical_volume": 8638.25, "trend": 9.718167, "fair_value": 10.481304, "relative_strength": 17.79344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.537446, "energy": 42.52301, "activity_lines": [ 11.0928, 11.044436, 10.891493, 10.440075 ] }, { "date": "2026-01-09", "close": 11.35, "volume": 31652, "typical_volume": 9841.55, "trend": 9.8477, "fair_value": 10.437933, "relative_strength": 15.301449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.154443, "energy": 45.885494, "activity_lines": [ 11.212467, 11.0874, 10.962481, 10.545355 ] }, { "date": "2026-01-16", "close": 11.798, "volume": 22464, "typical_volume": 10964.2, "trend": 10.001333, "fair_value": 10.396933, "relative_strength": 18.06187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.827492, "energy": 66.348918, "activity_lines": [ 11.443133, 11.211691, 11.065457, 10.671181 ] }, { "date": "2026-01-23", "close": 12.64, "volume": 2680, "typical_volume": 10807.65, "trend": 10.172633, "fair_value": 10.359965, "relative_strength": 26.828465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.73457, "energy": 82.513398, "activity_lines": [ 11.8862, 11.490164, 11.23676, 10.841417 ] }, { "date": "2026-01-30", "close": 12.157, "volume": 2539, "typical_volume": 10914.05, "trend": 10.309967, "fair_value": 10.323381, "relative_strength": 20.350191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.852897, "energy": 79.625836, "activity_lines": [ 12.052933, 11.663255, 11.350238, 10.969441 ] }, { "date": "2026-02-06", "close": 12.825, "volume": 28398, "typical_volume": 11980.5, "trend": 10.463917, "fair_value": 10.294734, "relative_strength": 24.41934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.870071, "energy": 86.769641, "activity_lines": [ 12.3746, 11.924745, 11.516576, 11.131701 ] }, { "date": "2026-02-13", "close": 12.701, "volume": 27373, "typical_volume": 13009.7, "trend": 10.616333, "fair_value": 10.268971, "relative_strength": 21.58767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.394023, "energy": 83.153172, "activity_lines": [ 12.556933, 12.129927, 11.657348, 11.276029 ] }, { "date": "2026-02-20", "close": 12.972, "volume": 2622, "typical_volume": 11581.4, "trend": 10.771517, "fair_value": 10.24683, "relative_strength": 20.698324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.84573, "energy": 87.447248, "activity_lines": [ 12.739533, 12.349364, 11.811686, 11.428008 ] }, { "date": "2026-02-27", "close": 12.517, "volume": 1390, "typical_volume": 11231.05, "trend": 10.922183, "fair_value": 10.217503, "relative_strength": 13.47938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.630219, "energy": 74.08167, "activity_lines": [ 12.6922, 12.446109, 11.912605, 11.540619 ] }, { "date": "2026-03-06", "close": 12.216, "volume": 39272, "typical_volume": 12802.9, "trend": 11.058667, "fair_value": 10.185984, "relative_strength": 16.83254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.619262, "energy": 53.632097, "activity_lines": [ 12.552733, 12.458909, 11.975062, 11.624091 ] }, { "date": "2026-03-13", "close": 13.216, "volume": 62971, "typical_volume": 15906.65, "trend": 11.21615, "fair_value": 10.172644, "relative_strength": 25.774031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.846692, "energy": 56.976947, "activity_lines": [ 12.742667, 12.633982, 12.124919, 11.763274 ] }, { "date": "2026-03-20", "close": 13.291, "volume": 30811, "typical_volume": 16794.5, "trend": 11.3556, "fair_value": 10.155657, "relative_strength": 29.777015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.310682, "energy": 54.168291, "activity_lines": [ 12.931533, 12.788855, 12.269162, 11.897135 ] }, { "date": "2026-03-27", "close": 12.712, "volume": 53741, "typical_volume": 19323.2, "trend": 11.469117, "fair_value": 10.129894, "relative_strength": 22.610351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.476258, "energy": 45.560083, "activity_lines": [ 12.888067, 12.803164, 12.348986, 11.984645 ] }, { "date": "2026-04-03", "close": 11.998, "volume": 33044, "typical_volume": 20504.55, "trend": 11.530483, "fair_value": 10.103471, "relative_strength": 9.98115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.836715, "energy": 32.558066, "activity_lines": [ 12.623933, 12.671036, 12.356743, 12.018767 ] }, { "date": "2026-04-10", "close": 12.198, "volume": 9738, "typical_volume": 20600.4, "trend": 11.607167, "fair_value": 10.078702, "relative_strength": 9.443019, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.885927, "energy": 20.717746, "activity_lines": [ 12.461067, 12.586945, 12.382005, 12.061832 ] }, { "date": "2026-04-17", "close": 12.412, "volume": 4723, "typical_volume": 20772.85, "trend": 11.6897, "fair_value": 10.05526, "relative_strength": 9.935026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.601431, "energy": 20.020489, "activity_lines": [ 12.370733, 12.541018, 12.418795, 12.113757 ] }, { "date": "2026-04-24", "close": 12.549, "volume": 24153, "typical_volume": 21879.1, "trend": 11.770333, "fair_value": 10.038401, "relative_strength": 13.436036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.103635, "energy": 20.365619, "activity_lines": [ 12.379667, 12.527509, 12.461757, 12.169196 ] }, { "date": "2026-05-01", "close": 12.707, "volume": 14367, "typical_volume": 22252.35, "trend": 11.8321, "fair_value": 10.025708, "relative_strength": 14.180797, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.385314, "energy": 18.697759, "activity_lines": [ 12.490733, 12.545491, 12.511319, 12.229626 ] }, { "date": "2026-05-08", "close": 13.013, "volume": 19339, "typical_volume": 20764.75, "trend": 11.9172, "fair_value": 10.013766, "relative_strength": 17.54366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.174688, "energy": 35.170739, "activity_lines": [ 12.704133, 12.623927, 12.580819, 12.305813 ] }, { "date": "2026-05-15", "close": 13.427, "volume": 1911, "typical_volume": 20716.5, "trend": 12.012433, "fair_value": 10.004042, "relative_strength": 20.867847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.640055, "energy": 62.42008, "activity_lines": [ 12.987867, 12.768618, 12.679733, 12.403219 ] }, { "date": "2026-05-22", "close": 13.871, "volume": 31839, "typical_volume": 22251.35, "trend": 12.123567, "fair_value": 9.99724, "relative_strength": 20.589743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.010699, "energy": 76.763849, "activity_lines": [ 13.337667, 12.972018, 12.810048, 12.523127 ] }, { "date": "2026-05-29", "close": 14.236, "volume": 444, "typical_volume": 20690.95, "trend": 12.22, "fair_value": 9.99517, "relative_strength": 23.248469, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.853269, "energy": 85.142731, "activity_lines": [ 13.711867, 13.229873, 12.963143, 12.659413 ] }, { "date": "2026-06-05", "close": 12.754, "volume": 20448, "typical_volume": 20590.15, "trend": 12.249867, "fair_value": 9.985798, "relative_strength": 10.09135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.502036, "energy": 64.362298, "activity_lines": [ 13.4796, 13.201091, 12.961352, 12.693865 ] }, { "date": "2026-06-12", "close": 12.306, "volume": 23, "typical_volume": 20457.3, "trend": 12.270933, "fair_value": 9.968804, "relative_strength": 4.576087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.706867, "energy": 29.369412, "activity_lines": [ 13.094867, 13.090091, 12.912343, 12.697486 ] }, { "date": "2026-06-19", "close": 12.437, "volume": 7148, "typical_volume": 20687.75, "trend": 12.340867, "fair_value": 9.957112, "relative_strength": 6.10337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.47146, "energy": 14.276521, "activity_lines": [ 12.800933, 12.997309, 12.8774, 12.7082 ] }, { "date": "2026-06-26", "close": 11.434, "volume": 23, "typical_volume": 19269.0, "trend": 12.3564, "fair_value": 9.935163, "relative_strength": -4.180631, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -39.763524, "energy": 40.562454, "activity_lines": [ 12.238667, 12.717818, 12.7456, 12.649692 ] }, { "date": "2026-07-03", "close": 11.173, "volume": 1005, "typical_volume": 17950.6, "trend": 12.369667, "fair_value": 9.914349, "relative_strength": -8.077842, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.848519, "energy": 63.274154, "activity_lines": [ 11.751867, 12.408655, 12.595567, 12.573344 ] }, { "date": "2026-07-10", "close": 10.587, "volume": 4403, "typical_volume": 18039.65, "trend": 12.363433, "fair_value": 9.887439, "relative_strength": -11.526898, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.813345, "energy": 82.470848, "activity_lines": [ 11.273933, 12.017964, 12.397, 12.458333 ] }, { "date": "2026-07-17", "close": 9.7735, "volume": 3730, "typical_volume": 18156.65, "trend": 12.32555, "fair_value": 9.857942, "relative_strength": -19.144105, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -93.559988, "energy": 97.162326, "activity_lines": [ 10.6693, 11.517909, 12.132314, 12.291241 ] }, { "date": "2026-07-24", "close": 9.912, "volume": 10035, "typical_volume": 16694.8, "trend": 12.284583, "fair_value": 9.831333, "relative_strength": -19.051035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.098778, "energy": 93.168797, "activity_lines": [ 10.279667, 11.101936, 11.893883, 12.135528 ] }, { "date": "2026-07-31", "close": 9.821, "volume": 25066, "typical_volume": 14799.55, "trend": 12.23345, "fair_value": 9.806391, "relative_strength": -20.796759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.032899, "energy": 91.35404, "activity_lines": [ 10.028033, 10.733327, 11.657757, 11.976587 ] }, { "date": "2026-08-07", "close": 10.583, "volume": 22230, "typical_volume": 14370.5, "trend": 12.207883, "fair_value": 9.790647, "relative_strength": -15.021455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.867467, "energy": 84.635767, "activity_lines": [ 10.137933, 10.5769, 11.510369, 11.870106 ] } ], "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." } } }