{ "ticker": { "uuid": "fdf10987-a23d-45b5-99d1-3a40b3a79bd2", "symbol": "AMER3", "name": "Americanas S.A.", "exchange": "SAO", "country": "BR", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -45.734, "architecture_energy": 34.457, "architecture_maturity": 60.714, "architecture_confidence": 89.613, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 25.91, "rotation_up": 26.4, "upward_expansion": 17.12, "deceleration": 43.8, "rotation_down": 35.85, "downward_expansion": 64.79 }, "activity_lines": [ 4.231333, 4.166182, 4.540143, 4.787849 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 4.15, "trend_reference": 5.037, "distance_from_trend": -0.176097, "trend_direction": "Weakening", "fair_value": 27.156026, "distance_from_fair_value": -0.847179, "fair_value_direction": "Improving", "relative_strength": -25.679261, "relative_strength_direction": "Weakening", "price_momentum": -0.214015, "excess_performance": -0.156967, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.176097, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.078485, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.847179, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.002126, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.256793, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.082406, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.214015, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.834811, "read": "Supply-led" } ], "volume": { "latest": 6472500, "relative_activity": 0.648593, "balance": 0.834811, "dry_up": 0.751421, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.123448, "annualized_volatility": 0.592331, "from_high_reference": -0.529478, "from_low_reference": 0.192529 }, "levels": { "trend_reference": 5.037, "fair_value_reference": 27.156026, "structural_low": 3.48, "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": 48, "median_return": -0.03187, "positive_rate": 0.395833, "directional_follow_through": 0.604167, "median_excess_return": -0.046682, "regime_survival": 0.791667, "best_return": 1.253886, "worst_return": -0.922658, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 18, "median_return": -0.075385, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.176666, "regime_survival": 0.722222, "best_return": 0.469474, "worst_return": -0.90411, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": -0.360285, "positive_rate": 0.111111, "directional_follow_through": 0.888889, "median_excess_return": -0.468255, "regime_survival": 0.666667, "best_return": 0.214022, "worst_return": -0.914286, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.813412, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.819409, "regime_survival": 0.5, "best_return": 0.140381, "worst_return": -0.934783, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": -0.571429, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2025-03-07", "tenure": "Extended", "return": 0.051993, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-05-16", "tenure": "Developing", "return": -0.183413, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-23", "end": "2025-09-05", "tenure": "Established", "return": 0.205078, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-09-26", "tenure": "New", "return": -0.010249, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": -0.06961, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2026-01-09", "tenure": "Established", "return": -0.019763, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": 0.166316, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": -0.13884, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.095335, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": -0.016447, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": -0.134146, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.066148, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.097826, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 103.0, "volume": 556062, "typical_volume": 861741.25, "trend": 111.4, "fair_value": 3488.576734, "relative_strength": -83.346921, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -55.051549, "energy": 38.746398, "activity_lines": [ 107.4, 110.345455, 111.209524, 110.451613 ] }, { "date": "2023-08-25", "close": 92.0, "volume": 607643, "typical_volume": 833171.65, "trend": 110.466667, "fair_value": 3416.94578, "relative_strength": -84.318081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.024736, "energy": 69.796948, "activity_lines": [ 101.666667, 106.581818, 109.428571, 109.2 ] }, { "date": "2023-09-01", "close": 98.0, "volume": 479061, "typical_volume": 712048.55, "trend": 108.3, "fair_value": 3353.640298, "relative_strength": -82.72343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -38.065526, "energy": 58.951924, "activity_lines": [ 99.333333, 104.4, 108.261905, 108.395699 ] }, { "date": "2023-09-08", "close": 95.0, "volume": 325610, "typical_volume": 679050.4, "trend": 107.8, "fair_value": 3292.902931, "relative_strength": -81.868668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.858984, "energy": 71.490045, "activity_lines": [ 97.0, 102.018182, 106.866667, 107.537634 ] }, { "date": "2023-09-15", "close": 82.0, "volume": 480910, "typical_volume": 665017.9, "trend": 106.633333, "fair_value": 3234.563331, "relative_strength": -83.816259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.655978, "energy": 87.71323, "activity_lines": [ 91.4, 97.672727, 104.32381, 105.873118 ] }, { "date": "2023-09-22", "close": 76.0, "volume": 311506, "typical_volume": 651855.6, "trend": 105.666667, "fair_value": 3175.422812, "relative_strength": -83.528652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.575689, "energy": 92.719004, "activity_lines": [ 85.4, 92.854545, 101.314286, 103.896774 ] }, { "date": "2023-09-29", "close": 95.0, "volume": 799346, "typical_volume": 633300.3, "trend": 105.433333, "fair_value": 3121.44754, "relative_strength": -77.950796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.976134, "energy": 73.054624, "activity_lines": [ 87.533333, 92.145455, 100.261905, 103.208602 ] }, { "date": "2023-10-06", "close": 74.0, "volume": 542705, "typical_volume": 609730.9, "trend": 104.4, "fair_value": 3066.281468, "relative_strength": -80.709926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.452578, "energy": 79.99415, "activity_lines": [ 82.466667, 87.945455, 97.290476, 101.180645 ] }, { "date": "2023-10-13", "close": 79.0, "volume": 471319, "typical_volume": 611014.5, "trend": 103.566667, "fair_value": 3008.666346, "relative_strength": -77.797651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.127969, "energy": 54.828121, "activity_lines": [ 80.666667, 85.363636, 94.971429, 99.541935 ] }, { "date": "2023-10-20", "close": 80.0, "volume": 309036, "typical_volume": 600386.75, "trend": 102.833333, "fair_value": 2954.994897, "relative_strength": -75.232469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.487827, "energy": 48.704922, "activity_lines": [ 80.266667, 83.545455, 92.890476, 98.021505 ] }, { "date": "2023-10-27", "close": 77.0, "volume": 190304, "typical_volume": 593024.3, "trend": 102.066667, "fair_value": 2908.466288, "relative_strength": -73.991963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.806475, "energy": 52.423542, "activity_lines": [ 79.0, 81.654545, 90.666667, 96.354839 ] }, { "date": "2023-11-03", "close": 85.0, "volume": 515857, "typical_volume": 497958.55, "trend": 101.533333, "fair_value": 2857.589226, "relative_strength": -69.461234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.985185, "energy": 41.577137, "activity_lines": [ 80.333333, 81.690909, 89.357143, 95.253763 ] }, { "date": "2023-11-10", "close": 82.0, "volume": 569031, "typical_volume": 488626.85, "trend": 100.6, "fair_value": 2811.07392, "relative_strength": -68.523255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.166223, "energy": 32.274241, "activity_lines": [ 81.333333, 81.309091, 87.92381, 93.993548 ] }, { "date": "2023-11-17", "close": 93.0, "volume": 772165, "typical_volume": 488292.2, "trend": 99.9, "fair_value": 2765.029104, "relative_strength": -62.639767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.035448, "energy": 22.101231, "activity_lines": [ 85.466667, 83.218182, 87.704762, 93.503226 ] }, { "date": "2023-11-24", "close": 110.0, "volume": 2415063, "typical_volume": 583138.55, "trend": 100.1, "fair_value": 2717.855837, "relative_strength": -51.699311, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.801513, "energy": 13.190013, "activity_lines": [ 94.333333, 88.254545, 89.219048, 94.154839 ] }, { "date": "2023-12-01", "close": 93.0, "volume": 1919254, "typical_volume": 646083.4, "trend": 99.633333, "fair_value": 2669.704895, "relative_strength": -56.315465, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.646917, "energy": 16.21741, "activity_lines": [ 95.533333, 89.690909, 89.142857, 93.696774 ] }, { "date": "2023-12-08", "close": 92.0, "volume": 730288, "typical_volume": 661030.35, "trend": 98.966667, "fair_value": 2621.172565, "relative_strength": -52.573847, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.238162, "energy": 16.186701, "activity_lines": [ 95.333333, 90.636364, 89.061905, 93.204301 ] }, { "date": "2023-12-15", "close": 90.0, "volume": 702719, "typical_volume": 677387.5, "trend": 98.266667, "fair_value": 2572.589917, "relative_strength": -50.699918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.219547, "energy": 13.799348, "activity_lines": [ 94.0, 91.272727, 88.890476, 92.625806 ] }, { "date": "2023-12-22", "close": 92.0, "volume": 2459809, "typical_volume": 777925.05, "trend": 97.7, "fair_value": 2525.932478, "relative_strength": -44.759503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.812619, "energy": 7.136982, "activity_lines": [ 92.8, 91.981818, 89.019048, 92.221505 ] }, { "date": "2023-12-29", "close": 91.0, "volume": 433799, "typical_volume": 779574.35, "trend": 97.066667, "fair_value": 2479.262378, "relative_strength": -38.288146, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.927809, "energy": 12.272987, "activity_lines": [ 91.333333, 92.272727, 89.142857, 91.789247 ] }, { "date": "2024-01-05", "close": 87.0, "volume": 693392, "typical_volume": 786440.85, "trend": 96.333333, "fair_value": 2434.822752, "relative_strength": -28.963631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.58741, "energy": 16.713607, "activity_lines": [ 89.8, 91.636364, 88.957143, 91.139785 ] }, { "date": "2024-01-12", "close": 82.0, "volume": 1340346, "typical_volume": 823076.0, "trend": 95.1, "fair_value": 2384.538923, "relative_strength": -29.270921, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.831677, "energy": 23.52323, "activity_lines": [ 87.0, 89.909091, 88.371429, 90.215054 ] }, { "date": "2024-01-19", "close": 83.0, "volume": 652749, "typical_volume": 831760.4, "trend": 93.966667, "fair_value": 2329.255551, "relative_strength": -26.557034, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.655351, "energy": 30.316467, "activity_lines": [ 85.2, 88.418182, 87.928571, 89.434409 ] }, { "date": "2024-01-26", "close": 83.0, "volume": 407119, "typical_volume": 835835.85, "trend": 92.833333, "fair_value": 2278.340669, "relative_strength": -26.640922, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.233788, "energy": 37.613697, "activity_lines": [ 83.866667, 86.909091, 87.557143, 88.726882 ] }, { "date": "2024-02-02", "close": 79.0, "volume": 434984, "typical_volume": 833539.55, "trend": 91.6, "fair_value": 2226.031474, "relative_strength": -27.801576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.131545, "energy": 47.672261, "activity_lines": [ 81.8, 84.854545, 86.861905, 87.834409 ] }, { "date": "2024-02-09", "close": 65.0, "volume": 1088191, "typical_volume": 872373.8, "trend": 90.033333, "fair_value": 2173.070073, "relative_strength": -40.308184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.11974, "energy": 66.283116, "activity_lines": [ 75.866667, 80.818182, 84.847619, 86.11828 ] }, { "date": "2024-02-16", "close": 59.0, "volume": 823252, "typical_volume": 873569.1, "trend": 88.233333, "fair_value": 2118.045333, "relative_strength": -45.356623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.089613, "energy": 78.573981, "activity_lines": [ 69.4, 76.2, 82.314286, 84.116129 ] }, { "date": "2024-02-23", "close": 52.0, "volume": 1394985, "typical_volume": 916183.1, "trend": 86.2, "fair_value": 2067.131722, "relative_strength": -51.440807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.582331, "energy": 91.350548, "activity_lines": [ 62.133333, 70.909091, 79.285714, 81.778495 ] }, { "date": "2024-03-01", "close": 54.0, "volume": 1061535, "typical_volume": 945693.9, "trend": 84.3, "fair_value": 2022.79929, "relative_strength": -48.808811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.083719, "energy": 92.538694, "activity_lines": [ 57.6, 66.672727, 76.552381, 79.701075 ] }, { "date": "2024-03-08", "close": 55.0, "volume": 778562, "typical_volume": 969170.2, "trend": 82.6, "fair_value": 1983.210485, "relative_strength": -46.2608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.546441, "energy": 89.013955, "activity_lines": [ 55.333333, 63.309091, 74.033333, 77.810753 ] }, { "date": "2024-03-15", "close": 53.0, "volume": 285208, "typical_volume": 973915.4, "trend": 80.933333, "fair_value": 1944.558802, "relative_strength": -47.323861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.439439, "energy": 89.270494, "activity_lines": [ 54.0, 60.236364, 71.442857, 75.901075 ] }, { "date": "2024-03-22", "close": 53.0, "volume": 649320, "typical_volume": 980588.55, "trend": 79.633333, "fair_value": 1907.844503, "relative_strength": -46.647386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.342892, "energy": 85.824437, "activity_lines": [ 53.466667, 57.781818, 68.966667, 74.098925 ] }, { "date": "2024-03-29", "close": 65.0, "volume": 929645, "typical_volume": 998619.25, "trend": 78.533333, "fair_value": 1869.782212, "relative_strength": -34.353269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.477892, "energy": 56.413608, "activity_lines": [ 57.333333, 58.036364, 67.785714, 73.154839 ] }, { "date": "2024-04-05", "close": 56.0, "volume": 871469, "typical_volume": 1003584.45, "trend": 77.233333, "fair_value": 1830.993519, "relative_strength": -42.050458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.078392, "energy": 48.093899, "activity_lines": [ 57.333333, 56.981818, 65.828571, 71.701075 ] }, { "date": "2024-04-12", "close": 53.0, "volume": 671048, "typical_volume": 916383.7, "trend": 76.266667, "fair_value": 1788.710804, "relative_strength": -43.916014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.742604, "energy": 48.67704, "activity_lines": [ 56.2, 55.872727, 63.761905, 70.137634 ] }, { "date": "2024-04-19", "close": 52.0, "volume": 1026342, "typical_volume": 871738.1, "trend": 75.466667, "fair_value": 1748.546551, "relative_strength": -43.635122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.838908, "energy": 49.588646, "activity_lines": [ 54.866667, 55.054545, 61.871429, 68.572043 ] }, { "date": "2024-04-26", "close": 56.0, "volume": 942041, "typical_volume": 882325.75, "trend": 74.166667, "fair_value": 1706.833034, "relative_strength": -39.093061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.105929, "energy": 47.392963, "activity_lines": [ 54.933333, 55.2, 60.557143, 67.316129 ] }, { "date": "2024-05-03", "close": 54.0, "volume": 599415, "typical_volume": 877160.55, "trend": 73.5, "fair_value": 1668.131515, "relative_strength": -41.245692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.823912, "energy": 46.462571, "activity_lines": [ 54.133333, 55.036364, 59.22381, 66.015054 ] }, { "date": "2024-05-10", "close": 53.0, "volume": 390718, "typical_volume": 773706.0, "trend": 72.633333, "fair_value": 1631.404718, "relative_strength": -40.942756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.877088, "energy": 47.581928, "activity_lines": [ 53.733333, 54.654545, 57.966667, 64.692473 ] }, { "date": "2024-05-17", "close": 53.0, "volume": 368897, "typical_volume": 770460.9, "trend": 71.733333, "fair_value": 1596.746549, "relative_strength": -40.234604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.521074, "energy": 45.597016, "activity_lines": [ 53.533333, 54.290909, 56.895238, 63.425806 ] }, { "date": "2024-05-24", "close": 55.0, "volume": 836564, "typical_volume": 777619.5, "trend": 71.0, "fair_value": 1559.670096, "relative_strength": -35.086107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.588382, "energy": 42.95621, "activity_lines": [ 54.0, 54.327273, 56.195238, 62.346237 ] }, { "date": "2024-05-31", "close": 46.0, "volume": 1053720, "typical_volume": 763288.2, "trend": 69.7, "fair_value": 1519.748612, "relative_strength": -43.773928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.70124, "energy": 52.989858, "activity_lines": [ 51.266667, 52.690909, 54.790476, 60.733333 ] }, { "date": "2024-06-07", "close": 34.0, "volume": 1446232, "typical_volume": 802962.35, "trend": 68.1, "fair_value": 1477.89407, "relative_strength": -57.184928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.319801, "energy": 81.931372, "activity_lines": [ 45.2, 49.0, 52.414286, 58.430108 ] }, { "date": "2024-06-14", "close": 40.0, "volume": 1013111, "typical_volume": 833261.95, "trend": 66.333333, "fair_value": 1434.090606, "relative_strength": -48.151629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.96708, "energy": 77.446588, "activity_lines": [ 42.466667, 46.963636, 50.842857, 56.617204 ] }, { "date": "2024-06-21", "close": 40.0, "volume": 660954, "typical_volume": 844560.45, "trend": 64.0, "fair_value": 1391.787055, "relative_strength": -47.852188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.118418, "energy": 79.910709, "activity_lines": [ 40.6, 45.218182, 49.47619, 54.91828 ] }, { "date": "2024-06-28", "close": 39.0, "volume": 711977, "typical_volume": 825749.75, "trend": 62.2, "fair_value": 1350.345789, "relative_strength": -49.163299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.632535, "energy": 81.632498, "activity_lines": [ 39.266667, 43.527273, 48.2, 53.305376 ] }, { "date": "2024-07-05", "close": 45.0, "volume": 1110776, "typical_volume": 840125.95, "trend": 60.633333, "fair_value": 1309.436707, "relative_strength": -41.309783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.842974, "energy": 54.454367, "activity_lines": [ 41.0, 43.163636, 47.619048, 52.195699 ] }, { "date": "2024-07-12", "close": 69.0, "volume": 3496699, "typical_volume": 945211.65, "trend": 59.933333, "fair_value": 1267.381546, "relative_strength": -10.667114, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -7.141555, "energy": 9.971423, "activity_lines": [ 50.8, 47.363636, 49.390476, 52.735484 ] }, { "date": "2024-07-19", "close": 70.0, "volume": 2182281, "typical_volume": 1001248.95, "trend": 59.2, "fair_value": 1232.844847, "relative_strength": -7.298161, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 13.325347, "energy": 25.809444, "activity_lines": [ 58.6, 51.472727, 51.17619, 53.384946 ] }, { "date": "2024-07-26", "close": 70.0, "volume": 1895121, "typical_volume": 1057076.9, "trend": 58.5, "fair_value": 1202.607893, "relative_strength": -6.013186, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.123242, "energy": 40.135147, "activity_lines": [ 64.4, 55.272727, 52.885714, 54.08172 ] }, { "date": "2024-08-02", "close": 62.0, "volume": 1541793, "typical_volume": 1119906.15, "trend": 57.666667, "fair_value": 1173.944563, "relative_strength": -14.442617, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.607019, "energy": 36.483466, "activity_lines": [ 65.533333, 57.309091, 53.761905, 54.307527 ] }, { "date": "2024-08-09", "close": 54.0, "volume": 1202720, "typical_volume": 1147576.15, "trend": 56.733333, "fair_value": 1147.329823, "relative_strength": -27.017813, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.71409, "energy": 32.345852, "activity_lines": [ 62.466667, 57.763636, 53.833333, 54.070968 ] }, { "date": "2024-08-16", "close": 14.0, "volume": 24889793, "typical_volume": 2345583.55, "trend": 54.433333, "fair_value": 1121.833592, "relative_strength": -81.043104, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.622368, "energy": 31.579478, "activity_lines": [ 45.466667, 50.8, 50.090476, 51.313978 ] }, { "date": "2024-08-23", "close": 6.0, "volume": 32073765, "typical_volume": 3905698.35, "trend": 51.866667, "fair_value": 1095.586121, "relative_strength": -91.75919, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.202953, "energy": 64.152146, "activity_lines": [ 29.466667, 42.745455, 45.828571, 48.189247 ] }, { "date": "2024-08-30", "close": 5.77, "volume": 66754090, "typical_volume": 7209850.45, "trend": 49.425667, "fair_value": 1069.449668, "relative_strength": -91.868409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.721771, "energy": 85.315385, "activity_lines": [ 17.656667, 35.267273, 41.782857, 45.215269 ] }, { "date": "2024-09-06", "close": 6.64, "volume": 59419300, "typical_volume": 10129498.35, "trend": 47.480333, "fair_value": 1044.806203, "relative_strength": -90.264835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.398256, "energy": 88.697855, "activity_lines": [ 10.418667, 28.569636, 38.044905, 42.454903 ] }, { "date": "2024-09-13", "close": 6.58, "volume": 28084900, "typical_volume": 11486641.3, "trend": 45.733, "fair_value": 1021.874753, "relative_strength": -90.134782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.282641, "energy": 88.03419, "activity_lines": [ 6.851333, 22.449455, 34.517238, 39.816172 ] }, { "date": "2024-09-20", "close": 5.78, "volume": 14728400, "typical_volume": 12193090.55, "trend": 44.192333, "fair_value": 1000.51308, "relative_strength": -90.864752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.502299, "energy": 87.284643, "activity_lines": [ 6.178667, 16.882364, 31.148714, 37.238559 ] }, { "date": "2024-09-27", "close": 5.15, "volume": 10329500, "typical_volume": 12690029.65, "trend": 42.564, "fair_value": 980.528535, "relative_strength": -91.706116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.405638, "energy": 79.915162, "activity_lines": [ 5.844, 12.350182, 27.94981, 34.719699 ] }, { "date": "2024-10-04", "close": 4.33, "volume": 11727100, "typical_volume": 13257939.8, "trend": 40.875, "fair_value": 959.470047, "relative_strength": -92.794822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.433245, "energy": 64.023656, "activity_lines": [ 5.292667, 8.848, 24.900667, 32.252989 ] }, { "date": "2024-10-11", "close": 4.16, "volume": 11047300, "typical_volume": 13768476.6, "trend": 39.247, "fair_value": 936.091858, "relative_strength": -92.783891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.886735, "energy": 78.766659, "activity_lines": [ 4.780667, 6.508909, 22.067095, 29.88428 ] }, { "date": "2024-10-18", "close": 3.85, "volume": 10351700, "typical_volume": 14233375.6, "trend": 37.608667, "fair_value": 915.042793, "relative_strength": -93.146223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.836954, "energy": 83.877393, "activity_lines": [ 4.330667, 5.165091, 19.446095, 27.600602 ] }, { "date": "2024-10-25", "close": 3.86, "volume": 6622500, "typical_volume": 14492189.0, "trend": 35.570667, "fair_value": 896.506143, "relative_strength": -92.889926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.16279, "energy": 85.483669, "activity_lines": [ 4.066, 4.734909, 17.026762, 25.423269 ] }, { "date": "2024-11-01", "close": 3.48, "volume": 12093000, "typical_volume": 15046183.45, "trend": 33.82, "fair_value": 874.686003, "relative_strength": -93.287433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.981576, "energy": 86.442068, "activity_lines": [ 3.802667, 4.42, 14.714762, 23.352903 ] }, { "date": "2024-11-08", "close": 3.13, "volume": 51437100, "typical_volume": 17584990.75, "trend": 32.157667, "fair_value": 851.33246, "relative_strength": -93.754308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.498595, "energy": 86.009206, "activity_lines": [ 3.534, 4.087273, 12.543333, 21.372903 ] }, { "date": "2024-11-15", "close": 9.41, "volume": 107323800, "typical_volume": 22915581.9, "trend": 30.738, "fair_value": 830.412781, "relative_strength": -80.57916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.422295, "energy": 85.288787, "activity_lines": [ 5.438667, 4.944364, 11.145571, 19.905312 ] }, { "date": "2024-11-22", "close": 8.7, "volume": 62329300, "typical_volume": 25976508.1, "trend": 29.161333, "fair_value": 811.432185, "relative_strength": -81.469819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.314931, "energy": 82.941069, "activity_lines": [ 6.756667, 5.622, 9.821095, 18.483505 ] }, { "date": "2024-11-29", "close": 8.27, "volume": 20069600, "typical_volume": 26805153.15, "trend": 27.637, "fair_value": 794.104984, "relative_strength": -81.246174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.196918, "energy": 78.14335, "activity_lines": [ 7.608, 6.182909, 8.628524, 17.135677 ] }, { "date": "2024-12-06", "close": 7.82, "volume": 6532900, "typical_volume": 27022684.1, "trend": 26.131, "fair_value": 776.343674, "relative_strength": -81.639898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.311701, "energy": 68.705954, "activity_lines": [ 8.015333, 6.616727, 7.682286, 15.857161 ] }, { "date": "2024-12-13", "close": 8.04, "volume": 13189200, "typical_volume": 27587388.05, "trend": 24.632333, "fair_value": 756.821378, "relative_strength": -80.216201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.696358, "energy": 51.305364, "activity_lines": [ 8.206667, 7.042, 7.053095, 14.69 ] }, { "date": "2024-12-20", "close": 6.63, "volume": 9312600, "typical_volume": 27975928.4, "trend": 23.02, "fair_value": 737.658774, "relative_strength": -82.69876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.01247, "energy": 50.509163, "activity_lines": [ 7.600667, 7.143455, 6.584667, 13.528559 ] }, { "date": "2024-12-27", "close": 5.15, "volume": 9306500, "typical_volume": 28381117.4, "trend": 21.658333, "fair_value": 717.955463, "relative_strength": -85.803366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.176256, "energy": 60.363275, "activity_lines": [ 6.686667, 6.930909, 6.238952, 12.375656 ] }, { "date": "2025-01-03", "close": 5.74, "volume": 18221500, "typical_volume": 28047702.75, "trend": 20.716333, "fair_value": 700.680789, "relative_strength": -83.294939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.854843, "energy": 56.94073, "activity_lines": [ 6.206, 6.802, 6.182048, 11.348667 ] }, { "date": "2025-01-10", "close": 5.52, "volume": 11480800, "typical_volume": 27018054.5, "trend": 19.567, "fair_value": 681.773553, "relative_strength": -83.338243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.609451, "energy": 55.316247, "activity_lines": [ 5.820667, 6.598909, 6.143524, 10.368258 ] }, { "date": "2025-01-17", "close": 5.71, "volume": 7752800, "typical_volume": 24067990.0, "trend": 18.424, "fair_value": 659.955208, "relative_strength": -82.529374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.206616, "energy": 49.972943, "activity_lines": [ 5.652, 6.393273, 6.125381, 9.474258 ] }, { "date": "2025-01-24", "close": 6.35, "volume": 22637900, "typical_volume": 22228920.0, "trend": 17.335667, "fair_value": 640.365833, "relative_strength": -79.722824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.457402, "energy": 40.602273, "activity_lines": [ 5.852, 6.257091, 6.168476, 8.69529 ] }, { "date": "2025-01-31", "close": 6.51, "volume": 9048500, "typical_volume": 21277100.0, "trend": 16.052667, "fair_value": 619.79859, "relative_strength": -78.916809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.918693, "energy": 36.273179, "activity_lines": [ 6.124, 6.205636, 6.22819, 7.99686 ] }, { "date": "2025-02-07", "close": 5.97, "volume": 8144400, "typical_volume": 20947900.0, "trend": 13.951667, "fair_value": 598.977885, "relative_strength": -79.697079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.415035, "energy": 28.106352, "activity_lines": [ 6.125333, 6.095818, 6.23681, 7.346366 ] }, { "date": "2025-02-14", "close": 5.36, "volume": 11173600, "typical_volume": 20990105.0, "trend": 11.797, "fair_value": 577.396859, "relative_strength": -81.660799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.190397, "energy": 33.53294, "activity_lines": [ 5.908, 5.916909, 6.186429, 6.792065 ] }, { "date": "2025-02-21", "close": 5.54, "volume": 14845600, "typical_volume": 21146030.0, "trend": 9.648333, "fair_value": 557.88109, "relative_strength": -80.286494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.460308, "energy": 39.054747, "activity_lines": [ 5.761333, 5.815455, 6.15219, 6.388387 ] }, { "date": "2025-02-28", "close": 5.42, "volume": 5667900, "typical_volume": 20877060.0, "trend": 7.762333, "fair_value": 538.627372, "relative_strength": -79.362341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.160638, "energy": 41.206407, "activity_lines": [ 5.586, 5.737636, 6.100762, 6.115591 ] }, { "date": "2025-03-07", "close": 6.07, "volume": 8061600, "typical_volume": 20762555.0, "trend": 6.164667, "fair_value": 522.717564, "relative_strength": -76.488234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.135698, "energy": 31.097348, "activity_lines": [ 5.689333, 5.8, 6.105238, 6.006409 ] }, { "date": "2025-03-14", "close": 6.27, "volume": 27371500, "typical_volume": 21800005.0, "trend": 5.907, "fair_value": 505.475705, "relative_strength": -75.61279, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.598947, "energy": 8.518536, "activity_lines": [ 5.888667, 5.882, 6.11819, 6.013204 ] }, { "date": "2025-03-21", "close": 7.2, "volume": 27431500, "typical_volume": 22566930.0, "trend": 5.947, "fair_value": 484.829551, "relative_strength": -71.722817, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.96851, "energy": 23.134564, "activity_lines": [ 6.378, 6.123455, 6.208238, 6.096624 ] }, { "date": "2025-03-28", "close": 6.1, "volume": 58328700, "typical_volume": 22911510.0, "trend": 5.958, "fair_value": 463.073782, "relative_strength": -74.800951, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.9501, "energy": 20.50889, "activity_lines": [ 6.378, 6.134364, 6.17581, 6.106495 ] }, { "date": "2025-04-04", "close": 5.98, "volume": 31991800, "typical_volume": 19144910.0, "trend": 5.936, "fair_value": 444.791603, "relative_strength": -73.29018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.902836, "energy": 18.833344, "activity_lines": [ 6.300667, 6.116364, 6.11781, 6.107914 ] }, { "date": "2025-04-11", "close": 6.01, "volume": 22285300, "typical_volume": 17142710.0, "trend": 5.917, "fair_value": 426.785256, "relative_strength": -72.106211, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.12374, "energy": 14.793045, "activity_lines": [ 6.196, 6.110545, 6.079, 6.112688 ] }, { "date": "2025-04-18", "close": 5.8, "volume": 10450200, "typical_volume": 16661740.0, "trend": 5.917667, "fair_value": 409.726282, "relative_strength": -72.319629, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 7.885664, "energy": 7.505021, "activity_lines": [ 6.025333, 6.075636, 6.033, 6.10514 ] }, { "date": "2025-04-25", "close": 5.86, "volume": 9891300, "typical_volume": 16829660.0, "trend": 5.941333, "fair_value": 394.379231, "relative_strength": -71.747876, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.592854, "energy": 11.182173, "activity_lines": [ 5.906, 6.054727, 6.004476, 6.101419 ] }, { "date": "2025-05-02", "close": 5.57, "volume": 11438100, "typical_volume": 16742105.0, "trend": 5.982667, "fair_value": 380.068782, "relative_strength": -71.893852, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.02571, "energy": 21.169306, "activity_lines": [ 5.779333, 5.972, 5.957667, 6.077462 ] }, { "date": "2025-05-09", "close": 5.35, "volume": 10243600, "typical_volume": 16788655.0, "trend": 6.022333, "fair_value": 365.327436, "relative_strength": -71.889866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -32.055978, "energy": 35.818619, "activity_lines": [ 5.614667, 5.848727, 5.901667, 6.036645 ] }, { "date": "2025-05-16", "close": 5.12, "volume": 17339900, "typical_volume": 17190325.0, "trend": 6.064667, "fair_value": 350.315385, "relative_strength": -72.168897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.078214, "energy": 52.542756, "activity_lines": [ 5.415333, 5.684909, 5.829857, 5.97843 ] }, { "date": "2025-05-23", "close": 5.12, "volume": 8142800, "typical_volume": 16686390.0, "trend": 6.106667, "fair_value": 336.572564, "relative_strength": -70.132329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.056267, "energy": 54.603848, "activity_lines": [ 5.275333, 5.538364, 5.75819, 5.917484 ] }, { "date": "2025-05-30", "close": 5.13, "volume": 5458300, "typical_volume": 16385265.0, "trend": 6.161667, "fair_value": 324.810577, "relative_strength": -68.233381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.315102, "energy": 53.426302, "activity_lines": [ 5.184, 5.414545, 5.690429, 5.854473 ] }, { "date": "2025-06-06", "close": 5.8, "volume": 16304600, "typical_volume": 16812855.0, "trend": 6.250667, "fair_value": 315.091346, "relative_strength": -62.37353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.940336, "energy": 33.412393, "activity_lines": [ 5.364667, 5.450182, 5.688333, 5.83114 ] }, { "date": "2025-06-13", "close": 5.34, "volume": 7047600, "typical_volume": 16033340.0, "trend": 6.115, "fair_value": 306.4525, "relative_strength": -63.823951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.831552, "energy": 28.689873, "activity_lines": [ 5.376667, 5.407636, 5.642, 5.772387 ] }, { "date": "2025-06-20", "close": 5.83, "volume": 11760800, "typical_volume": 16168955.0, "trend": 6.019333, "fair_value": 297.68859, "relative_strength": -58.338076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.113578, "energy": 15.230434, "activity_lines": [ 5.552667, 5.465818, 5.647143, 5.754 ] }, { "date": "2025-06-27", "close": 5.93, "volume": 20066300, "typical_volume": 16765050.0, "trend": 5.941333, "fair_value": 289.566346, "relative_strength": -55.2577, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.097631, "energy": 15.92512, "activity_lines": [ 5.714667, 5.545455, 5.665048, 5.748237 ] }, { "date": "2025-07-04", "close": 5.36, "volume": 13451700, "typical_volume": 16878955.0, "trend": 5.859333, "fair_value": 279.4725, "relative_strength": -58.23506, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.680835, "energy": 16.783326, "activity_lines": [ 5.632667, 5.519091, 5.628857, 5.710731 ] }, { "date": "2025-07-11", "close": 5.16, "volume": 6608500, "typical_volume": 16467100.0, "trend": 5.763333, "fair_value": 269.044038, "relative_strength": -53.307544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.289085, "energy": 18.121536, "activity_lines": [ 5.468667, 5.465455, 5.573619, 5.665613 ] }, { "date": "2025-07-18", "close": 5.1, "volume": 6526800, "typical_volume": 16510045.0, "trend": 5.712333, "fair_value": 258.865192, "relative_strength": -46.397726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.221821, "energy": 34.315848, "activity_lines": [ 5.327333, 5.408364, 5.514476, 5.622817 ] }, { "date": "2025-07-25", "close": 5.24, "volume": 6692800, "typical_volume": 16441605.0, "trend": 5.715333, "fair_value": 249.924423, "relative_strength": -36.218715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.73907, "energy": 41.609871, "activity_lines": [ 5.248667, 5.381273, 5.47019, 5.592344 ] }, { "date": "2025-08-01", "close": 5.15, "volume": 5432900, "typical_volume": 15344675.0, "trend": 5.695667, "fair_value": 241.047179, "relative_strength": -26.355552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.883047, "energy": 46.66259, "activity_lines": [ 5.179333, 5.335636, 5.421286, 5.555871 ] }, { "date": "2025-08-08", "close": 5.57, "volume": 5316800, "typical_volume": 14238940.0, "trend": 5.697333, "fair_value": 232.775192, "relative_strength": -10.206682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.59525, "energy": 29.778652, "activity_lines": [ 5.302, 5.365818, 5.417714, 5.547763 ] }, { "date": "2025-08-15", "close": 4.94, "volume": 14304100, "typical_volume": 12037710.0, "trend": 5.671667, "fair_value": 224.454295, "relative_strength": -18.261152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.199484, "energy": 31.815218, "activity_lines": [ 5.200667, 5.273455, 5.361905, 5.498903 ] }, { "date": "2025-08-22", "close": 5.1, "volume": 5155900, "typical_volume": 10695915.0, "trend": 5.63, "fair_value": 212.884423, "relative_strength": -16.344659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.266086, "energy": 28.500312, "activity_lines": [ 5.167333, 5.225818, 5.326857, 5.462022 ] }, { "date": "2025-08-29", "close": 6.58, "volume": 17264900, "typical_volume": 10444895.0, "trend": 5.632333, "fair_value": 202.984295, "relative_strength": 5.108085, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.423198, "energy": 9.868096, "activity_lines": [ 5.627333, 5.451636, 5.436952, 5.523312 ] }, { "date": "2025-09-05", "close": 6.17, "volume": 20141100, "typical_volume": 10929440.0, "trend": 5.639, "fair_value": 192.408462, "relative_strength": -2.023754, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 18.121387, "energy": 22.683667, "activity_lines": [ 5.861333, 5.589273, 5.505286, 5.558 ] }, { "date": "2025-09-12", "close": 6.83, "volume": 12766700, "typical_volume": 11073210.0, "trend": 5.688, "fair_value": 181.86891, "relative_strength": 8.774023, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.099429, "energy": 47.591885, "activity_lines": [ 6.247333, 5.842545, 5.634714, 5.634839 ] }, { "date": "2025-09-19", "close": 7.45, "volume": 19599300, "typical_volume": 11481270.0, "trend": 5.751667, "fair_value": 170.679487, "relative_strength": 15.374889, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.528439, "energy": 66.337515, "activity_lines": [ 6.756, 6.181818, 5.818571, 5.748516 ] }, { "date": "2025-09-26", "close": 6.76, "volume": 10723700, "typical_volume": 11505275.0, "trend": 5.796333, "fair_value": 159.838205, "relative_strength": 4.641058, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.411587, "energy": 70.364605, "activity_lines": [ 6.867333, 6.354, 5.927762, 5.81357 ] }, { "date": "2025-10-03", "close": 5.89, "volume": 13563100, "typical_volume": 11316435.0, "trend": 5.790333, "fair_value": 146.350321, "relative_strength": -8.355328, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.423987, "energy": 57.138108, "activity_lines": [ 6.578, 6.337818, 5.947381, 5.819613 ] }, { "date": "2025-10-10", "close": 5.48, "volume": 7865000, "typical_volume": 11302545.0, "trend": 5.764, "fair_value": 135.205962, "relative_strength": -12.86198, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.009843, "energy": 21.692403, "activity_lines": [ 6.198, 6.235273, 5.924286, 5.799591 ] }, { "date": "2025-10-17", "close": 5.06, "volume": 10029700, "typical_volume": 11531115.0, "trend": 5.692667, "fair_value": 125.924295, "relative_strength": -21.261958, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.49634, "energy": 14.980816, "activity_lines": [ 5.724, 6.050364, 5.859476, 5.754172 ] }, { "date": "2025-10-24", "close": 5.38, "volume": 6128600, "typical_volume": 11022315.0, "trend": 5.668667, "fair_value": 116.240833, "relative_strength": -18.119754, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.709651, "energy": 20.697716, "activity_lines": [ 5.474667, 5.932909, 5.825476, 5.734 ] }, { "date": "2025-10-31", "close": 5.5, "volume": 7157700, "typical_volume": 11027820.0, "trend": 5.652667, "fair_value": 105.590192, "relative_strength": -18.513983, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.590008, "energy": 19.697486, "activity_lines": [ 5.403333, 5.829273, 5.804905, 5.723118 ] }, { "date": "2025-11-07", "close": 5.17, "volume": 7983400, "typical_volume": 10838950.0, "trend": 5.624667, "fair_value": 97.79641, "relative_strength": -25.938626, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.814979, "energy": 24.574358, "activity_lines": [ 5.306, 5.658364, 5.752143, 5.691978 ] }, { "date": "2025-11-14", "close": 5.13, "volume": 12127600, "typical_volume": 10442015.0, "trend": 5.602333, "fair_value": 91.175449, "relative_strength": -26.949071, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.522055, "energy": 28.459386, "activity_lines": [ 5.243333, 5.505818, 5.698714, 5.660065 ] }, { "date": "2025-11-21", "close": 5.61, "volume": 7315500, "typical_volume": 10135205.0, "trend": 5.594, "fair_value": 84.192179, "relative_strength": -17.47171, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.427586, "energy": 14.273722, "activity_lines": [ 5.364, 5.459455, 5.69481, 5.660559 ] }, { "date": "2025-11-28", "close": 5.94, "volume": 11469100, "typical_volume": 10378235.0, "trend": 5.606333, "fair_value": 78.031538, "relative_strength": -13.90725, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.59612, "energy": 7.902814, "activity_lines": [ 5.558, 5.495273, 5.721143, 5.682882 ] }, { "date": "2025-12-05", "close": 6.72, "volume": 20519900, "typical_volume": 11077890.0, "trend": 5.652, "fair_value": 72.709231, "relative_strength": -0.694491, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.095179, "energy": 27.768309, "activity_lines": [ 5.974667, 5.700364, 5.818048, 5.754731 ] }, { "date": "2025-12-12", "close": 5.99, "volume": 9488900, "typical_volume": 11217695.0, "trend": 5.681, "fair_value": 68.03609, "relative_strength": -12.283115, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.758256, "energy": 26.402022, "activity_lines": [ 6.066667, 5.773455, 5.837714, 5.776538 ] }, { "date": "2025-12-19", "close": 5.27, "volume": 9545900, "typical_volume": 11423345.0, "trend": 5.686, "fair_value": 62.185256, "relative_strength": -20.956992, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.596646, "energy": 17.144557, "activity_lines": [ 5.864, 5.713818, 5.785238, 5.750022 ] }, { "date": "2025-12-26", "close": 5.35, "volume": 4243600, "typical_volume": 11369685.0, "trend": 5.693333, "fair_value": 56.033654, "relative_strength": -20.618771, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.4892, "energy": 5.338264, "activity_lines": [ 5.678667, 5.672545, 5.73981, 5.728344 ] }, { "date": "2026-01-02", "close": 5.02, "volume": 6275700, "typical_volume": 10968265.0, "trend": 5.667333, "fair_value": 49.392756, "relative_strength": -24.756451, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.865545, "energy": 31.086192, "activity_lines": [ 5.400667, 5.566, 5.664, 5.684903 ] }, { "date": "2026-01-09", "close": 4.96, "volume": 10075400, "typical_volume": 11214240.0, "trend": 5.654667, "fair_value": 47.405321, "relative_strength": -26.396312, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.416125, "energy": 59.668197, "activity_lines": [ 5.164, 5.455091, 5.582095, 5.639269 ] }, { "date": "2026-01-16", "close": 4.75, "volume": 9540100, "typical_volume": 10828000.0, "trend": 5.618667, "fair_value": 46.980641, "relative_strength": -29.53796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.924841, "energy": 68.85544, "activity_lines": [ 4.974667, 5.315818, 5.480857, 5.580903 ] }, { "date": "2026-01-23", "close": 5.18, "volume": 10807000, "typical_volume": 10361295.0, "trend": 5.593667, "fair_value": 46.244615, "relative_strength": -28.428808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.924495, "energy": 62.506997, "activity_lines": [ 5.011333, 5.262364, 5.429286, 5.552602 ] }, { "date": "2026-01-30", "close": 5.73, "volume": 15449600, "typical_volume": 10495440.0, "trend": 5.606, "fair_value": 45.236474, "relative_strength": -21.173161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.783266, "energy": 30.038925, "activity_lines": [ 5.237333, 5.308, 5.43481, 5.561398 ] }, { "date": "2026-02-06", "close": 5.28, "volume": 9587300, "typical_volume": 9994840.0, "trend": 5.61, "fair_value": 44.565192, "relative_strength": -27.329353, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.427763, "energy": 20.068495, "activity_lines": [ 5.288, 5.269636, 5.402714, 5.540366 ] }, { "date": "2026-02-13", "close": 5.54, "volume": 7896800, "typical_volume": 9853495.0, "trend": 5.624667, "fair_value": 43.850705, "relative_strength": -24.74717, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.581326, "energy": 16.745414, "activity_lines": [ 5.408, 5.290545, 5.405714, 5.535849 ] }, { "date": "2026-02-20", "close": 5.69, "volume": 2977100, "typical_volume": 9324195.0, "trend": 5.639667, "fair_value": 43.214103, "relative_strength": -23.851953, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.014798, "energy": 15.493596, "activity_lines": [ 5.539333, 5.360182, 5.42881, 5.540065 ] }, { "date": "2026-02-27", "close": 5.62, "volume": 5659200, "typical_volume": 9213905.0, "trend": 5.655333, "fair_value": 42.596282, "relative_strength": -23.554152, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.101129, "energy": 14.173574, "activity_lines": [ 5.584667, 5.422545, 5.44619, 5.538796 ] }, { "date": "2026-03-06", "close": 4.99, "volume": 8029200, "typical_volume": 9113880.0, "trend": 5.636, "fair_value": 41.955192, "relative_strength": -27.819385, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.965361, "energy": 18.392994, "activity_lines": [ 5.390667, 5.364, 5.402905, 5.495871 ] }, { "date": "2026-03-13", "close": 4.9, "volume": 7020500, "typical_volume": 9158475.0, "trend": 5.634667, "fair_value": 41.319936, "relative_strength": -27.679019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.919193, "energy": 33.661167, "activity_lines": [ 5.216, 5.295636, 5.351381, 5.448387 ] }, { "date": "2026-03-20", "close": 4.93, "volume": 4073000, "typical_volume": 9004240.0, "trend": 5.629, "fair_value": 40.697692, "relative_strength": -25.653417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.890425, "energy": 55.490166, "activity_lines": [ 5.076667, 5.234909, 5.305, 5.402925 ] }, { "date": "2026-03-27", "close": 5.42, "volume": 23650500, "typical_volume": 9787595.0, "trend": 5.590333, "fair_value": 40.09141, "relative_strength": -19.996878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.249655, "energy": 40.38534, "activity_lines": [ 5.141333, 5.263818, 5.308, 5.389441 ] }, { "date": "2026-04-03", "close": 5.4, "volume": 12620200, "typical_volume": 9812225.0, "trend": 5.564667, "fair_value": 39.47859, "relative_strength": -22.313332, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.364933, "energy": 26.072468, "activity_lines": [ 5.217333, 5.276909, 5.307905, 5.377161 ] }, { "date": "2026-04-10", "close": 6.08, "volume": 16007000, "typical_volume": 10246800.0, "trend": 5.539667, "fair_value": 38.812436, "relative_strength": -15.92954, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.694396, "energy": 10.324829, "activity_lines": [ 5.534667, 5.409636, 5.371286, 5.410409 ] }, { "date": "2026-04-17", "close": 6.98, "volume": 33883000, "typical_volume": 11367495.0, "trend": 5.524, "fair_value": 38.12641, "relative_strength": -2.235344, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 52.168726, "energy": 46.708419, "activity_lines": [ 6.079333, 5.699636, 5.518143, 5.503333 ] }, { "date": "2026-04-24", "close": 5.98, "volume": 18083100, "typical_volume": 11245655.0, "trend": 5.498, "fair_value": 37.498077, "relative_strength": -13.49733, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.589436, "energy": 56.529288, "activity_lines": [ 6.152, 5.776909, 5.56481, 5.532753 ] }, { "date": "2026-05-01", "close": 5.74, "volume": 10294700, "typical_volume": 11285945.0, "trend": 5.493, "fair_value": 36.848974, "relative_strength": -14.97283, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.344281, "energy": 57.583271, "activity_lines": [ 6.074667, 5.802545, 5.592143, 5.548366 ] }, { "date": "2026-05-08", "close": 5.45, "volume": 8254500, "typical_volume": 11221375.0, "trend": 5.492, "fair_value": 36.165962, "relative_strength": -17.438617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.771947, "energy": 39.195298, "activity_lines": [ 5.879333, 5.774545, 5.593048, 5.545591 ] }, { "date": "2026-05-15", "close": 4.97, "volume": 9014900, "typical_volume": 11459940.0, "trend": 5.489, "fair_value": 35.486282, "relative_strength": -21.443314, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.592433, "energy": 10.91479, "activity_lines": [ 5.520667, 5.662364, 5.547381, 5.511914 ] }, { "date": "2026-05-22", "close": 5.14, "volume": 10613400, "typical_volume": 11676825.0, "trend": 5.481, "fair_value": 34.820513, "relative_strength": -17.908106, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.181782, "energy": 15.791704, "activity_lines": [ 5.292667, 5.581455, 5.519714, 5.489398 ] }, { "date": "2026-05-29", "close": 5.05, "volume": 9428400, "typical_volume": 11644475.0, "trend": 5.466, "fair_value": 34.147756, "relative_strength": -17.848911, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.400277, "energy": 26.14368, "activity_lines": [ 5.157333, 5.479818, 5.482905, 5.461591 ] }, { "date": "2026-06-05", "close": 4.8, "volume": 1315700, "typical_volume": 11233255.0, "trend": 5.453667, "fair_value": 33.479808, "relative_strength": -19.087231, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.02365, "energy": 42.117406, "activity_lines": [ 5.000667, 5.330545, 5.421857, 5.418624 ] }, { "date": "2026-06-12", "close": 4.6, "volume": 914200, "typical_volume": 10738615.0, "trend": 5.436, "fair_value": 32.746474, "relative_strength": -22.907989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.757133, "energy": 60.405835, "activity_lines": [ 4.84, 5.156182, 5.341524, 5.363548 ] }, { "date": "2026-06-19", "close": 4.38, "volume": 915000, "typical_volume": 10011885.0, "trend": 5.395, "fair_value": 32.024551, "relative_strength": -24.795666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.221196, "energy": 63.801348, "activity_lines": [ 4.662667, 4.956364, 5.243, 5.295419 ] }, { "date": "2026-06-26", "close": 4.02, "volume": 1482000, "typical_volume": 9606620.0, "trend": 5.331, "fair_value": 31.300321, "relative_strength": -32.095573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.241165, "energy": 76.256459, "activity_lines": [ 4.404667, 4.722, 5.116619, 5.20671 ] }, { "date": "2026-07-03", "close": 3.58, "volume": 1285800, "typical_volume": 9276070.0, "trend": 5.226333, "fair_value": 30.579679, "relative_strength": -39.271983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.29198, "energy": 83.518644, "activity_lines": [ 4.074667, 4.461455, 4.954333, 5.093742 ] }, { "date": "2026-07-10", "close": 4.1, "volume": 11828900, "typical_volume": 9718660.0, "trend": 5.163333, "fair_value": 29.888013, "relative_strength": -31.27915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.409707, "energy": 76.654443, "activity_lines": [ 4.016, 4.339091, 4.850905, 5.021075 ] }, { "date": "2026-07-17", "close": 4.0, "volume": 11024800, "typical_volume": 9986940.0, "trend": 5.121, "fair_value": 29.189295, "relative_strength": -30.748942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.858379, "energy": 79.414959, "activity_lines": [ 3.970667, 4.228364, 4.745524, 4.946022 ] }, { "date": "2026-07-24", "close": 4.02, "volume": 4675300, "typical_volume": 9819245.0, "trend": 5.076667, "fair_value": 28.490705, "relative_strength": -29.879047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.474376, "energy": 78.802822, "activity_lines": [ 3.972, 4.147636, 4.649762, 4.874989 ] }, { "date": "2026-07-31", "close": 4.64, "volume": 7822000, "typical_volume": 9859320.0, "trend": 5.064, "fair_value": 27.80891, "relative_strength": -20.266903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.410705, "energy": 39.540589, "activity_lines": [ 4.204, 4.196909, 4.617667, 4.846817 ] }, { "date": "2026-08-07", "close": 4.15, "volume": 6472500, "typical_volume": 9979295.0, "trend": 5.037, "fair_value": 27.156026, "relative_strength": -25.679261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.734075, "energy": 34.457047, "activity_lines": [ 4.231333, 4.166182, 4.540143, 4.787849 ] } ], "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." } } }