{ "ticker": { "uuid": "fef9f5e6-e405-4584-8a15-d0fee61bc74d", "symbol": "BGP", "name": "Briscoe Group Limited", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.834, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": -2.302, "architecture_energy": 3.728, "architecture_maturity": 23.228, "architecture_confidence": 40.907, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 58.36, "rotation_up": 32.15, "upward_expansion": 33.57, "deceleration": 57.78, "rotation_down": 32.65, "downward_expansion": 22.24 }, "activity_lines": [ 4.704667, 4.714909, 4.680333, 4.667703 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 4.6, "trend_reference": 4.684431, "distance_from_trend": -0.018024, "trend_direction": "Weakening", "fair_value": 4.516149, "distance_from_fair_value": 0.018567, "fair_value_direction": "Weakening", "relative_strength": -9.010889, "relative_strength_direction": "Weakening", "price_momentum": -0.046784, "excess_performance": -0.075058, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.018024, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.025686, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.018567, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.036464, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.090109, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.017764, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.046784, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.106927, "read": "Demand-led" } ], "volume": { "latest": 50788, "relative_activity": 0.633603, "balance": 2.106927, "dry_up": 0.819435, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.052174, "annualized_volatility": 0.266629, "from_high_reference": -0.173265, "from_low_reference": 0.069767 }, "levels": { "trend_reference": 4.684431, "fair_value_reference": 4.516149, "structural_low": 4.3, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.018811, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": 0.000352, "regime_survival": 0.5, "best_return": 0.049454, "worst_return": -0.053763, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.037378, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.049205, "regime_survival": 0.0, "best_return": 0.034483, "worst_return": -0.099617, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.000928, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.026471, "regime_survival": 0.0, "best_return": 0.017264, "worst_return": -0.138883, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.082383, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.044096, "regime_survival": 0.0, "best_return": 0.112111, "worst_return": 0.052655, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-12", "end": "2024-05-03", "tenure": "New", "return": -0.032609, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-05-31", "tenure": "New", "return": -0.029885, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-08-09", "tenure": "Developing", "return": 0.076555, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": 0.118182, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-01-03", "tenure": "Established", "return": 0.054167, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": -0.058705, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": -0.002151, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-23", "tenure": "Developing", "return": 0.105263, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": 0.255061, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-08-22", "tenure": "Developing", "return": 0.044444, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-11-14", "tenure": "Developing", "return": -0.03503, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2025-12-12", "tenure": "New", "return": -0.051724, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-06-12", "tenure": "Established", "return": -0.058086, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.027484, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.891744, "volume": 24357, "typical_volume": 67351.2, "trend": 3.836255, "fair_value": 4.289233, "relative_strength": -1.457898, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.192603, "energy": 40.197901, "activity_lines": [ 3.955318, 3.830201, 3.777115, 3.799155 ] }, { "date": "2023-08-25", "close": 4.003428, "volume": 30947, "typical_volume": 67425.15, "trend": 3.83932, "fair_value": 4.298157, "relative_strength": 2.782021, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.427542, "energy": 51.019075, "activity_lines": [ 3.986246, 3.878467, 3.797406, 3.80994 ] }, { "date": "2023-09-01", "close": 3.969063, "volume": 25962, "typical_volume": 66998.6, "trend": 3.840131, "fair_value": 4.306012, "relative_strength": 1.501591, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.233072, "energy": 44.53626, "activity_lines": [ 3.982236, 3.912519, 3.814302, 3.818311 ] }, { "date": "2023-09-08", "close": 4.003428, "volume": 29154, "typical_volume": 65456.3, "trend": 3.842088, "fair_value": 4.312578, "relative_strength": 4.149803, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.902719, "energy": 31.744276, "activity_lines": [ 3.981664, 3.945321, 3.834593, 3.828846 ] }, { "date": "2023-09-15", "close": 4.020609, "volume": 45191, "typical_volume": 65687.05, "trend": 3.842403, "fair_value": 4.318689, "relative_strength": 4.78451, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.638883, "energy": 32.321159, "activity_lines": [ 3.994836, 3.972656, 3.856275, 3.840363 ] }, { "date": "2023-09-22", "close": 4.03385, "volume": 111081, "typical_volume": 69084.8, "trend": 3.843436, "fair_value": 4.325221, "relative_strength": 5.088816, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.389981, "energy": 40.418058, "activity_lines": [ 4.013568, 3.994276, 3.878482, 3.852715 ] }, { "date": "2023-09-29", "close": 4.148598, "volume": 25474, "typical_volume": 67769.55, "trend": 3.852446, "fair_value": 4.332441, "relative_strength": 8.991955, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.393184, "energy": 47.337917, "activity_lines": [ 4.061076, 4.028865, 3.910818, 3.872403 ] }, { "date": "2023-10-06", "close": 3.980889, "volume": 46302, "typical_volume": 64507.75, "trend": 3.853652, "fair_value": 4.338875, "relative_strength": 4.934707, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.385832, "energy": 37.893713, "activity_lines": [ 4.043002, 4.023917, 3.925426, 3.880689 ] }, { "date": "2023-10-13", "close": 3.998543, "volume": 76246, "typical_volume": 65504.8, "trend": 3.855446, "fair_value": 4.345278, "relative_strength": 5.851719, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.966236, "energy": 33.388943, "activity_lines": [ 4.030025, 4.019778, 3.940596, 3.890037 ] }, { "date": "2023-10-20", "close": 4.069157, "volume": 48245, "typical_volume": 64219.6, "trend": 3.865369, "fair_value": 4.35117, "relative_strength": 10.428713, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.955917, "energy": 33.807669, "activity_lines": [ 4.040911, 4.030753, 3.961205, 3.903825 ] }, { "date": "2023-10-27", "close": 4.00737, "volume": 48359, "typical_volume": 65452.35, "trend": 3.868078, "fair_value": 4.357099, "relative_strength": 11.105446, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.402184, "energy": 23.26581, "activity_lines": [ 4.027966, 4.029923, 3.974553, 3.912986 ] }, { "date": "2023-11-03", "close": 3.972062, "volume": 54875, "typical_volume": 64366.65, "trend": 3.867891, "fair_value": 4.362609, "relative_strength": 6.747466, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.425692, "energy": 21.374923, "activity_lines": [ 4.005016, 4.020572, 3.983252, 3.919695 ] }, { "date": "2023-11-10", "close": 3.936754, "volume": 28828, "typical_volume": 64474.55, "trend": 3.865955, "fair_value": 4.3677, "relative_strength": 5.682273, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.116206, "energy": 17.1249, "activity_lines": [ 3.982066, 4.005372, 3.98665, 3.924138 ] }, { "date": "2023-11-17", "close": 4.104464, "volume": 61233, "typical_volume": 60863.7, "trend": 3.871041, "fair_value": 4.374107, "relative_strength": 9.818231, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.681197, "energy": 24.098183, "activity_lines": [ 4.017961, 4.021251, 4.004212, 3.939525 ] }, { "date": "2023-11-24", "close": 4.077983, "volume": 47219, "typical_volume": 60493.2, "trend": 3.878108, "fair_value": 4.378802, "relative_strength": 8.773868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.637387, "energy": 29.034937, "activity_lines": [ 4.037968, 4.030479, 4.01652, 3.952876 ] }, { "date": "2023-12-01", "close": 4.06033, "volume": 86998, "typical_volume": 63487.05, "trend": 3.884587, "fair_value": 4.383191, "relative_strength": 6.837102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.576443, "energy": 30.190264, "activity_lines": [ 4.051503, 4.035454, 4.024746, 3.964633 ] }, { "date": "2023-12-08", "close": 4.139771, "volume": 90969, "typical_volume": 64121.95, "trend": 3.896577, "fair_value": 4.386547, "relative_strength": 7.589898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.473881, "energy": 51.302115, "activity_lines": [ 4.087987, 4.054392, 4.038344, 3.981096 ] }, { "date": "2023-12-15", "close": 4.183905, "volume": 260401, "typical_volume": 73593.7, "trend": 3.911184, "fair_value": 4.388162, "relative_strength": 8.084895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.706853, "energy": 59.826114, "activity_lines": [ 4.128002, 4.081514, 4.05382, 3.999633 ] }, { "date": "2023-12-22", "close": 3.892621, "volume": 680165, "typical_volume": 102460.1, "trend": 3.916654, "fair_value": 4.387526, "relative_strength": -0.18087, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.585601, "energy": 19.793774, "activity_lines": [ 4.054445, 4.051985, 4.039958, 3.998436 ] }, { "date": "2023-12-29", "close": 3.945582, "volume": 9347, "typical_volume": 91567.65, "trend": 3.922172, "fair_value": 4.38723, "relative_strength": -0.005232, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.770607, "energy": 9.811873, "activity_lines": [ 4.012665, 4.03401, 4.03224, 4.000302 ] }, { "date": "2024-01-05", "close": 4.025023, "volume": 11275, "typical_volume": 90913.55, "trend": 3.931769, "fair_value": 4.386955, "relative_strength": 2.138012, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.22562, "energy": 15.113768, "activity_lines": [ 4.006192, 4.032726, 4.032527, 4.006938 ] }, { "date": "2024-01-12", "close": 4.104464, "volume": 25599, "typical_volume": 90646.15, "trend": 3.949742, "fair_value": 4.387628, "relative_strength": 3.13532, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.815974, "energy": 21.081076, "activity_lines": [ 4.028554, 4.045565, 4.039745, 4.018079 ] }, { "date": "2024-01-19", "close": 4.025023, "volume": 26756, "typical_volume": 90685.85, "trend": 3.965353, "fair_value": 4.38711, "relative_strength": 2.701293, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.037479, "energy": 11.32711, "activity_lines": [ 4.026788, 4.041553, 4.038917, 4.022936 ] }, { "date": "2024-01-26", "close": 4.06033, "volume": 67915, "typical_volume": 92623.9, "trend": 3.983, "fair_value": 4.387549, "relative_strength": 1.680534, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.199011, "energy": 19.535862, "activity_lines": [ 4.047384, 4.042356, 4.041184, 4.029064 ] }, { "date": "2024-02-02", "close": 3.972062, "volume": 58067, "typical_volume": 93267.7, "trend": 3.996273, "fair_value": 4.385716, "relative_strength": -1.052204, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.14171, "energy": 5.897514, "activity_lines": [ 4.027377, 4.027912, 4.034774, 4.028358 ] }, { "date": "2024-02-09", "close": 4.042676, "volume": 121851, "typical_volume": 93806.2, "trend": 4.01104, "fair_value": 4.383849, "relative_strength": 1.188873, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.077131, "energy": 11.294583, "activity_lines": [ 4.029142, 4.028233, 4.035321, 4.031352 ] }, { "date": "2024-02-16", "close": 4.077983, "volume": 76999, "typical_volume": 96382.45, "trend": 4.025266, "fair_value": 4.381964, "relative_strength": 3.174808, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.239247, "energy": 14.43131, "activity_lines": [ 4.041499, 4.035294, 4.039188, 4.035671 ] }, { "date": "2024-02-23", "close": 4.104464, "volume": 110284, "typical_volume": 99581.55, "trend": 4.033789, "fair_value": 4.382052, "relative_strength": 3.803159, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.695163, "energy": 21.734899, "activity_lines": [ 4.064449, 4.048293, 4.045913, 4.04078 ] }, { "date": "2024-03-01", "close": 3.980889, "volume": 90234, "typical_volume": 100280.95, "trend": 4.029029, "fair_value": 4.380178, "relative_strength": 0.397488, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.160151, "energy": 9.950858, "activity_lines": [ 4.040911, 4.040269, 4.040281, 4.037367 ] }, { "date": "2024-03-08", "close": 4.016197, "volume": 41056, "typical_volume": 99921.5, "trend": 4.028309, "fair_value": 4.37897, "relative_strength": -0.237931, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.506912, "energy": 6.705555, "activity_lines": [ 4.034438, 4.037059, 4.038095, 4.036539 ] }, { "date": "2024-03-15", "close": 4.06033, "volume": 180781, "typical_volume": 106542.6, "trend": 4.033928, "fair_value": 4.376679, "relative_strength": 2.151505, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.185932, "energy": 12.128576, "activity_lines": [ 4.039734, 4.04059, 4.040365, 4.038605 ] }, { "date": "2024-03-22", "close": 4.077201, "volume": 88009, "typical_volume": 108199.3, "trend": 4.036387, "fair_value": 4.374421, "relative_strength": 0.679328, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.736175, "energy": 16.818687, "activity_lines": [ 4.049477, 4.046546, 4.043989, 4.041397 ] }, { "date": "2024-03-29", "close": 4.177761, "volume": 46512, "typical_volume": 109083.5, "trend": 4.043344, "fair_value": 4.372757, "relative_strength": 1.997333, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.6303, "energy": 39.773832, "activity_lines": [ 4.092792, 4.071282, 4.05669, 4.050518 ] }, { "date": "2024-04-05", "close": 4.250894, "volume": 72204, "typical_volume": 109632.05, "trend": 4.051593, "fair_value": 4.371562, "relative_strength": 4.475236, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.46188, "energy": 60.012851, "activity_lines": [ 4.155598, 4.106537, 4.075208, 4.063908 ] }, { "date": "2024-04-12", "close": 4.205185, "volume": 11007, "typical_volume": 107821.45, "trend": 4.057745, "fair_value": 4.370324, "relative_strength": 3.957171, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.57259, "energy": 61.987068, "activity_lines": [ 4.185168, 4.130017, 4.088676, 4.073818 ] }, { "date": "2024-04-19", "close": 4.095485, "volume": 55476, "typical_volume": 106245.35, "trend": 4.0598, "fair_value": 4.369031, "relative_strength": 2.312841, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.017093, "energy": 57.030484, "activity_lines": [ 4.165571, 4.129313, 4.09109, 4.076252 ] }, { "date": "2024-04-26", "close": 4.068059, "volume": 98796, "typical_volume": 106636.7, "trend": 4.057115, "fair_value": 4.366964, "relative_strength": 1.419223, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.256348, "energy": 35.030295, "activity_lines": [ 4.134489, 4.122662, 4.090725, 4.076785 ] }, { "date": "2024-05-03", "close": 4.068059, "volume": 145881, "typical_volume": 100910.7, "trend": 4.060021, "fair_value": 4.364797, "relative_strength": 0.200992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.814627, "energy": 13.954215, "activity_lines": [ 4.104017, 4.116192, 4.090701, 4.077491 ] }, { "date": "2024-05-10", "close": 3.976642, "volume": 68660, "typical_volume": 70335.45, "trend": 4.059291, "fair_value": 4.362093, "relative_strength": -0.648371, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.313543, "energy": 17.237763, "activity_lines": [ 4.050385, 4.093762, 4.082523, 4.072112 ] }, { "date": "2024-05-17", "close": 3.949218, "volume": 52658, "typical_volume": 72501.0, "trend": 4.055293, "fair_value": 4.358965, "relative_strength": -1.022896, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.447397, "energy": 25.945945, "activity_lines": [ 4.005896, 4.066423, 4.071333, 4.06501 ] }, { "date": "2024-05-24", "close": 3.949218, "volume": 70669, "typical_volume": 75470.7, "trend": 4.053355, "fair_value": 4.355736, "relative_strength": -1.835693, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.451072, "energy": 36.711825, "activity_lines": [ 3.978471, 4.040302, 4.060125, 4.058167 ] }, { "date": "2024-05-31", "close": 3.8578, "volume": 57208, "typical_volume": 77051.15, "trend": 4.049546, "fair_value": 4.351622, "relative_strength": -4.823057, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.583272, "energy": 67.179426, "activity_lines": [ 3.930325, 3.99958, 4.040572, 4.045551 ] }, { "date": "2024-06-07", "close": 3.821233, "volume": 55991, "typical_volume": 78512.9, "trend": 4.045695, "fair_value": 4.347923, "relative_strength": -5.653777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.514408, "energy": 74.323726, "activity_lines": [ 3.884006, 3.956198, 4.018711, 4.030821 ] }, { "date": "2024-06-14", "close": 3.7481, "volume": 46726, "typical_volume": 77453.45, "trend": 4.033816, "fair_value": 4.343106, "relative_strength": -7.595963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.655832, "energy": 80.839637, "activity_lines": [ 3.829766, 3.906002, 3.990855, 4.011621 ] }, { "date": "2024-06-21", "close": 3.702392, "volume": 44152, "typical_volume": 76757.7, "trend": 4.021297, "fair_value": 4.338594, "relative_strength": -7.369355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.058496, "energy": 87.236817, "activity_lines": [ 3.775525, 3.856637, 3.960134, 3.990239 ] }, { "date": "2024-06-28", "close": 3.53784, "volume": 70093, "typical_volume": 74169.8, "trend": 4.00388, "fair_value": 4.33233, "relative_strength": -11.778884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.225978, "energy": 95.157154, "activity_lines": [ 3.682889, 3.786495, 3.915024, 3.959048 ] }, { "date": "2024-07-05", "close": 3.638399, "volume": 118108, "typical_volume": 76225.25, "trend": 3.987168, "fair_value": 4.327209, "relative_strength": -9.917942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.005158, "energy": 86.706617, "activity_lines": [ 3.651198, 3.744776, 3.881896, 3.935469 ] }, { "date": "2024-07-12", "close": 3.793808, "volume": 74953, "typical_volume": 74458.7, "trend": 3.974165, "fair_value": 4.322834, "relative_strength": -8.769797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.565051, "energy": 68.483424, "activity_lines": [ 3.685936, 3.739124, 3.865661, 3.922994 ] }, { "date": "2024-07-19", "close": 4.004067, "volume": 112895, "typical_volume": 75591.75, "trend": 3.977879, "fair_value": 4.320057, "relative_strength": -5.304213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.409035, "energy": 31.077206, "activity_lines": [ 3.792589, 3.776688, 3.870931, 3.924923 ] }, { "date": "2024-07-26", "close": 3.958359, "volume": 101090, "typical_volume": 78593.45, "trend": 3.978305, "fair_value": 4.316987, "relative_strength": -6.557592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.681248, "energy": 22.205636, "activity_lines": [ 3.866942, 3.805443, 3.871737, 3.923664 ] }, { "date": "2024-08-02", "close": 4.040635, "volume": 69057, "typical_volume": 73007.25, "trend": 3.978826, "fair_value": 4.312947, "relative_strength": -5.298191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.591469, "energy": 23.74619, "activity_lines": [ 3.951655, 3.848991, 3.880655, 3.927685 ] }, { "date": "2024-08-09", "close": 4.113768, "volume": 36390, "typical_volume": 70426.3, "trend": 3.979136, "fair_value": 4.308129, "relative_strength": -1.905498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.387066, "energy": 38.006074, "activity_lines": [ 4.027227, 3.904174, 3.896631, 3.936391 ] }, { "date": "2024-08-16", "close": 4.022351, "volume": 165422, "typical_volume": 76371.8, "trend": 3.979047, "fair_value": 4.302924, "relative_strength": -7.635655, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.734638, "energy": 34.349, "activity_lines": [ 4.040634, 3.938081, 3.903726, 3.939179 ] }, { "date": "2024-08-23", "close": 4.049776, "volume": 50739, "typical_volume": 75298.55, "trend": 3.978695, "fair_value": 4.296498, "relative_strength": -5.400478, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.01404, "energy": 40.042491, "activity_lines": [ 4.047948, 3.973318, 3.914174, 3.943742 ] }, { "date": "2024-08-30", "close": 4.049776, "volume": 80639, "typical_volume": 78780.15, "trend": 3.981285, "fair_value": 4.288874, "relative_strength": -4.673355, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.189704, "energy": 40.979305, "activity_lines": [ 4.052214, 4.00307, 3.925579, 3.948328 ] }, { "date": "2024-09-06", "close": 4.34231, "volume": 130010, "typical_volume": 82506.85, "trend": 3.991273, "fair_value": 4.282327, "relative_strength": 0.902233, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.648514, "energy": 55.369905, "activity_lines": [ 4.147897, 4.079694, 3.965585, 3.97162 ] }, { "date": "2024-09-13", "close": 4.433728, "volume": 33688, "typical_volume": 79251.45, "trend": 4.003131, "fair_value": 4.275767, "relative_strength": 1.33429, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.443978, "energy": 72.131655, "activity_lines": [ 4.253941, 4.158313, 4.013122, 4.000165 ] }, { "date": "2024-09-20", "close": 4.49772, "volume": 58538, "typical_volume": 74884.3, "trend": 4.01624, "fair_value": 4.268881, "relative_strength": 5.679272, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.331458, "energy": 88.985794, "activity_lines": [ 4.359985, 4.234106, 4.065012, 4.032074 ] }, { "date": "2024-09-27", "close": 4.50241, "volume": 62099, "typical_volume": 74556.25, "trend": 4.033624, "fair_value": 4.262584, "relative_strength": 6.003378, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.767375, "energy": 91.058015, "activity_lines": [ 4.435901, 4.297954, 4.115303, 4.06344 ] }, { "date": "2024-10-04", "close": 4.51179, "volume": 44166, "typical_volume": 74131.65, "trend": 4.050144, "fair_value": 4.257514, "relative_strength": 4.827692, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.407548, "energy": 89.223918, "activity_lines": [ 4.484768, 4.354446, 4.163983, 4.094289 ] }, { "date": "2024-10-11", "close": 4.69001, "volume": 98595, "typical_volume": 75527.95, "trend": 4.071133, "fair_value": 4.252825, "relative_strength": 6.992511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.945573, "energy": 94.730931, "activity_lines": [ 4.562241, 4.433279, 4.226958, 4.135571 ] }, { "date": "2024-10-18", "close": 4.73691, "volume": 39524, "typical_volume": 74643.75, "trend": 4.093123, "fair_value": 4.246661, "relative_strength": 8.250233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.640222, "energy": 92.939291, "activity_lines": [ 4.632167, 4.508833, 4.290872, 4.178524 ] }, { "date": "2024-10-25", "close": 4.64311, "volume": 81665, "typical_volume": 75927.45, "trend": 4.108635, "fair_value": 4.241317, "relative_strength": 6.59295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.74236, "energy": 82.324036, "activity_lines": [ 4.650614, 4.556002, 4.341667, 4.214007 ] }, { "date": "2024-11-01", "close": 4.66187, "volume": 35512, "typical_volume": 75366.75, "trend": 4.122334, "fair_value": 4.237005, "relative_strength": 8.747428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.947968, "energy": 65.631551, "activity_lines": [ 4.665622, 4.595296, 4.390334, 4.2497 ] }, { "date": "2024-11-08", "close": 4.76505, "volume": 156043, "typical_volume": 80961.3, "trend": 4.140996, "fair_value": 4.232442, "relative_strength": 9.195753, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.906163, "energy": 67.420237, "activity_lines": [ 4.704393, 4.642221, 4.444477, 4.291166 ] }, { "date": "2024-11-15", "close": 4.76505, "volume": 38294, "typical_volume": 79371.35, "trend": 4.163315, "fair_value": 4.227829, "relative_strength": 9.879252, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.098125, "energy": 64.575121, "activity_lines": [ 4.726279, 4.676141, 4.493559, 4.331427 ] }, { "date": "2024-11-22", "close": 4.87761, "volume": 167658, "typical_volume": 81848.85, "trend": 4.1903, "fair_value": 4.224951, "relative_strength": 9.332771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.145721, "energy": 65.35129, "activity_lines": [ 4.780683, 4.72284, 4.547518, 4.377511 ] }, { "date": "2024-11-29", "close": 5.018311, "volume": 77458, "typical_volume": 81974.1, "trend": 4.221975, "fair_value": 4.222925, "relative_strength": 12.10196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.41654, "energy": 69.72997, "activity_lines": [ 4.872608, 4.787051, 4.608975, 4.430931 ] }, { "date": "2024-12-06", "close": 5.159011, "volume": 164999, "typical_volume": 84579.3, "trend": 4.261388, "fair_value": 4.221699, "relative_strength": 17.279495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.696563, "energy": 77.001241, "activity_lines": [ 4.986419, 4.867378, 4.678002, 4.491385 ] }, { "date": "2024-12-13", "close": 4.94327, "volume": 151430, "typical_volume": 87096.3, "trend": 4.294523, "fair_value": 4.219141, "relative_strength": 12.702631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.837518, "energy": 65.517521, "activity_lines": [ 4.995173, 4.896541, 4.720982, 4.535377 ] }, { "date": "2024-12-20", "close": 4.755671, "volume": 96127, "typical_volume": 88449.8, "trend": 4.321404, "fair_value": 4.215482, "relative_strength": 6.963279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.436558, "energy": 57.003582, "activity_lines": [ 4.929513, 4.88375, 4.741406, 4.565129 ] }, { "date": "2024-12-27", "close": 4.72753, "volume": 36808, "typical_volume": 88470.7, "trend": 4.350396, "fair_value": 4.211186, "relative_strength": 3.774657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.504867, "energy": 41.108578, "activity_lines": [ 4.855098, 4.864649, 4.755744, 4.59133 ] }, { "date": "2025-01-03", "close": 4.74629, "volume": 11098, "typical_volume": 80754.5, "trend": 4.381231, "fair_value": 4.207467, "relative_strength": 5.160091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.34316, "energy": 24.185831, "activity_lines": [ 4.796942, 4.849129, 4.768947, 4.616872 ] }, { "date": "2025-01-10", "close": 4.63373, "volume": 75478, "typical_volume": 81991.45, "trend": 4.410752, "fair_value": 4.204446, "relative_strength": 3.957943, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.024153, "energy": 25.696744, "activity_lines": [ 4.719401, 4.811268, 4.767982, 4.633162 ] }, { "date": "2025-01-17", "close": 4.54931, "volume": 45221, "typical_volume": 80220.55, "trend": 4.438982, "fair_value": 4.200378, "relative_strength": 0.233489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.615921, "energy": 19.989264, "activity_lines": [ 4.648738, 4.75857, 4.756197, 4.642101 ] }, { "date": "2025-01-24", "close": 4.389849, "volume": 41140, "typical_volume": 75777.05, "trend": 4.467383, "fair_value": 4.197722, "relative_strength": -2.468241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.720079, "energy": 29.189672, "activity_lines": [ 4.551186, 4.680801, 4.726846, 4.638931 ] }, { "date": "2025-01-31", "close": 4.361709, "volume": 47113, "typical_volume": 76448.3, "trend": 4.491493, "fair_value": 4.194734, "relative_strength": -2.886799, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.431813, "energy": 46.575459, "activity_lines": [ 4.468641, 4.604737, 4.694588, 4.632114 ] }, { "date": "2025-02-07", "close": 4.361709, "volume": 48190, "typical_volume": 75930.9, "trend": 4.510423, "fair_value": 4.190325, "relative_strength": -2.173342, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.263267, "energy": 60.686329, "activity_lines": [ 4.410485, 4.538054, 4.662674, 4.623741 ] }, { "date": "2025-02-14", "close": 4.455509, "volume": 112433, "typical_volume": 78447.6, "trend": 4.525471, "fair_value": 4.186873, "relative_strength": -0.712261, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.656942, "energy": 58.183721, "activity_lines": [ 4.409234, 4.500363, 4.64034, 4.620198 ] }, { "date": "2025-02-21", "close": 4.41799, "volume": 159444, "typical_volume": 84211.5, "trend": 4.540792, "fair_value": 4.186173, "relative_strength": 0.299322, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.373105, "energy": 51.386777, "activity_lines": [ 4.407359, 4.468641, 4.614657, 4.613263 ] }, { "date": "2025-02-28", "close": 4.221009, "volume": 107727, "typical_volume": 84668.1, "trend": 4.546805, "fair_value": 4.18279, "relative_strength": -3.001548, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.461239, "energy": 59.463062, "activity_lines": [ 4.348577, 4.410656, 4.57066, 4.592632 ] }, { "date": "2025-03-07", "close": 4.277289, "volume": 174668, "typical_volume": 91425.3, "trend": 4.552255, "fair_value": 4.180529, "relative_strength": -0.155036, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.811035, "energy": 59.581518, "activity_lines": [ 4.319812, 4.372624, 4.534257, 4.575244 ] }, { "date": "2025-03-14", "close": 4.352329, "volume": 394447, "typical_volume": 107064.4, "trend": 4.563255, "fair_value": 4.177988, "relative_strength": 2.64684, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.792666, "energy": 68.540759, "activity_lines": [ 4.321688, 4.356422, 4.507189, 4.562346 ] }, { "date": "2025-03-21", "close": 4.19223, "volume": 149844, "typical_volume": 112781.0, "trend": 4.568003, "fair_value": 4.174602, "relative_strength": 0.085667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.598313, "energy": 80.56797, "activity_lines": [ 4.270823, 4.318274, 4.466258, 4.538409 ] }, { "date": "2025-03-28", "close": 4.057925, "volume": 142777, "typical_volume": 112117.7, "trend": 4.568275, "fair_value": 4.17025, "relative_strength": -4.41295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.910701, "energy": 84.154237, "activity_lines": [ 4.192741, 4.263735, 4.414772, 4.5055 ] }, { "date": "2025-04-04", "close": 4.029145, "volume": 217093, "typical_volume": 121057.65, "trend": 4.557836, "fair_value": 4.165402, "relative_strength": -4.478931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.922482, "energy": 85.507647, "activity_lines": [ 4.129071, 4.212897, 4.363913, 4.470718 ] }, { "date": "2025-04-11", "close": 4.057925, "volume": 167266, "typical_volume": 121038.05, "trend": 4.545309, "fair_value": 4.161467, "relative_strength": -2.065628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.664281, "energy": 84.674254, "activity_lines": [ 4.087785, 4.173849, 4.319299, 4.438466 ] }, { "date": "2025-04-18", "close": 4.125077, "volume": 45335, "typical_volume": 119431.9, "trend": 4.532888, "fair_value": 4.15791, "relative_strength": -1.227812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.294391, "energy": 75.581007, "activity_lines": [ 4.083507, 4.152535, 4.284984, 4.411354 ] }, { "date": "2025-04-25", "close": 4.153857, "volume": 274263, "typical_volume": 124895.1, "trend": 4.521269, "fair_value": 4.153289, "relative_strength": 0.292627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.63523, "energy": 58.140196, "activity_lines": [ 4.103972, 4.140756, 4.257663, 4.3869 ] }, { "date": "2025-05-02", "close": 4.105891, "volume": 48293, "typical_volume": 119738.25, "trend": 4.507739, "fair_value": 4.149505, "relative_strength": -3.317172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.490655, "energy": 52.510899, "activity_lines": [ 4.111007, 4.12574, 4.230561, 4.360102 ] }, { "date": "2025-05-09", "close": 4.422466, "volume": 146556, "typical_volume": 122259.7, "trend": 4.498821, "fair_value": 4.14874, "relative_strength": 1.776031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.83502, "energy": 21.798736, "activity_lines": [ 4.22037, 4.173958, 4.237596, 4.3546 ] }, { "date": "2025-05-16", "close": 4.518398, "volume": 83105, "typical_volume": 124574.55, "trend": 4.491537, "fair_value": 4.148018, "relative_strength": 2.41561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.302925, "energy": 18.50768, "activity_lines": [ 4.335488, 4.235955, 4.255354, 4.355863 ] }, { "date": "2025-05-23", "close": 4.633517, "volume": 74723, "typical_volume": 127755.8, "trend": 4.491218, "fair_value": 4.147252, "relative_strength": 6.417608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 19.763106, "energy": 34.121267, "activity_lines": [ 4.458281, 4.314499, 4.285071, 4.365023 ] }, { "date": "2025-05-30", "close": 4.739042, "volume": 55829, "typical_volume": 126773.35, "trend": 4.49379, "fair_value": 4.147162, "relative_strength": 10.051734, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.10904, "energy": 52.039474, "activity_lines": [ 4.582353, 4.407117, 4.325376, 4.381012 ] }, { "date": "2025-06-06", "close": 4.719856, "volume": 79929, "typical_volume": 128508.75, "trend": 4.492284, "fair_value": 4.147939, "relative_strength": 8.024873, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.998285, "energy": 68.464754, "activity_lines": [ 4.661017, 4.486305, 4.363352, 4.395597 ] }, { "date": "2025-06-13", "close": 5.506498, "volume": 351522, "typical_volume": 144027.85, "trend": 4.516998, "fair_value": 4.155478, "relative_strength": 25.28502, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 70.901983, "energy": 88.346458, "activity_lines": [ 4.960965, 4.696483, 4.475434, 4.46103 ] }, { "date": "2025-06-20", "close": 5.947785, "volume": 2762340, "typical_volume": 279789.2, "trend": 4.552671, "fair_value": 4.166001, "relative_strength": 34.000816, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 98.700638, "energy": 99.220482, "activity_lines": [ 5.335739, 4.960034, 4.624226, 4.553339 ] }, { "date": "2025-06-27", "close": 5.180329, "volume": 361447, "typical_volume": 295452.05, "trend": 4.558072, "fair_value": 4.172126, "relative_strength": 15.882986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.089663, "energy": 87.680309, "activity_lines": [ 5.359402, 5.049687, 4.692374, 4.593833 ] }, { "date": "2025-07-04", "close": 5.132363, "volume": 533041, "typical_volume": 316482.45, "trend": 4.557183, "fair_value": 4.17638, "relative_strength": 12.594054, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.450404, "energy": 83.435939, "activity_lines": [ 5.330623, 5.111433, 4.752056, 4.630884 ] }, { "date": "2025-07-11", "close": 5.429752, "volume": 115020, "typical_volume": 314261.25, "trend": 4.573399, "fair_value": 4.183843, "relative_strength": 19.128429, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.88869, "energy": 65.961986, "activity_lines": [ 5.374751, 5.209458, 4.836838, 4.687179 ] }, { "date": "2025-07-18", "close": 5.851853, "volume": 412554, "typical_volume": 329502.6, "trend": 4.609939, "fair_value": 4.192814, "relative_strength": 25.588009, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.971401, "energy": 67.416673, "activity_lines": [ 5.512254, 5.360158, 4.957001, 4.769659 ] }, { "date": "2025-07-25", "close": 5.851853, "volume": 239232, "typical_volume": 332730.8, "trend": 4.647416, "fair_value": 4.20116, "relative_strength": 24.956174, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.686182, "energy": 68.659508, "activity_lines": [ 5.626733, 5.48487, 5.069399, 4.849783 ] }, { "date": "2025-08-01", "close": 5.765515, "volume": 131338, "typical_volume": 319575.35, "trend": 4.68139, "fair_value": 4.209161, "relative_strength": 23.475225, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.01131, "energy": 70.75514, "activity_lines": [ 5.718828, 5.569639, 5.166076, 4.921918 ] }, { "date": "2025-08-08", "close": 5.516091, "volume": 102589, "typical_volume": 317212.6, "trend": 4.710802, "fair_value": 4.216969, "relative_strength": 16.502968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.093866, "energy": 62.908165, "activity_lines": [ 5.688769, 5.588476, 5.232269, 4.97577 ] }, { "date": "2025-08-15", "close": 5.410566, "volume": 123752, "typical_volume": 316261.35, "trend": 4.739511, "fair_value": 4.223788, "relative_strength": 13.264477, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.163097, "energy": 52.998344, "activity_lines": [ 5.597953, 5.573999, 5.282108, 5.020916 ] }, { "date": "2025-08-22", "close": 5.410566, "volume": 35441, "typical_volume": 307178.75, "trend": 4.773535, "fair_value": 4.23066, "relative_strength": 11.402854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.92516, "energy": 37.189649, "activity_lines": [ 5.508417, 5.546964, 5.325506, 5.06421 ] }, { "date": "2025-08-29", "close": 5.477719, "volume": 45810, "typical_volume": 301105.95, "trend": 4.810735, "fair_value": 4.238274, "relative_strength": 13.188203, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.279479, "energy": 27.460809, "activity_lines": [ 5.470684, 5.533882, 5.368721, 5.109641 ] }, { "date": "2025-09-05", "close": 5.429752, "volume": 51223, "typical_volume": 301400.35, "trend": 4.846337, "fair_value": 4.245164, "relative_strength": 9.339639, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.621653, "energy": 23.12951, "activity_lines": [ 5.441904, 5.520626, 5.400607, 5.149578 ] }, { "date": "2025-09-12", "close": 5.189922, "volume": 80263, "typical_volume": 291700.35, "trend": 4.870817, "fair_value": 4.249371, "relative_strength": 4.225626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.463172, "energy": 21.591232, "activity_lines": [ 5.355565, 5.45923, 5.40344, 5.171745 ] }, { "date": "2025-09-19", "close": 4.90408, "volume": 101362, "typical_volume": 294353.8, "trend": 4.88702, "fair_value": 4.252486, "relative_strength": -1.593976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.736484, "energy": 16.05494, "activity_lines": [ 5.19569, 5.344815, 5.374115, 5.173891 ] }, { "date": "2025-09-26", "close": 4.982389, "volume": 129304, "typical_volume": 293491.2, "trend": 4.912399, "fair_value": 4.256263, "relative_strength": 0.796277, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.94231, "energy": 26.534128, "activity_lines": [ 5.095684, 5.254197, 5.348448, 5.180043 ] }, { "date": "2025-10-03", "close": 5.011755, "volume": 52907, "typical_volume": 291981.3, "trend": 4.936882, "fair_value": 4.260175, "relative_strength": -1.695263, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.773864, "energy": 33.817777, "activity_lines": [ 5.034011, 5.184726, 5.322911, 5.186453 ] }, { "date": "2025-10-10", "close": 5.18795, "volume": 163742, "typical_volume": 296432.25, "trend": 4.964736, "fair_value": 4.265803, "relative_strength": 2.009993, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.159248, "energy": 31.507771, "activity_lines": [ 5.062135, 5.162565, 5.311805, 5.202651 ] }, { "date": "2025-10-17", "close": 5.090063, "volume": 385862, "typical_volume": 312933.9, "trend": 4.994663, "fair_value": 4.272346, "relative_strength": 1.355798, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.569717, "energy": 33.652556, "activity_lines": [ 5.073749, 5.133107, 5.288737, 5.210737 ] }, { "date": "2025-10-24", "close": 5.099852, "volume": 112288, "typical_volume": 314551.85, "trend": 5.029394, "fair_value": 4.277834, "relative_strength": 0.685841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.026885, "energy": 13.277418, "activity_lines": [ 5.095284, 5.113176, 5.264929, 5.217523 ] }, { "date": "2025-10-31", "close": 5.285835, "volume": 164857, "typical_volume": 305218.6, "trend": 5.071284, "fair_value": 4.284728, "relative_strength": 3.051118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.800449, "energy": 14.559981, "activity_lines": [ 5.165762, 5.132708, 5.257024, 5.234068 ] }, { "date": "2025-11-07", "close": 5.285835, "volume": 227044, "typical_volume": 178453.8, "trend": 5.112214, "fair_value": 4.29194, "relative_strength": 2.58445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.311758, "energy": 18.313797, "activity_lines": [ 5.21601, 5.154509, 5.250171, 5.24791 ] }, { "date": "2025-11-14", "close": 5.285835, "volume": 281168, "typical_volume": 174439.85, "trend": 5.150906, "fair_value": 4.2991, "relative_strength": 3.522149, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 25.471968, "energy": 19.814717, "activity_lines": [ 5.247986, 5.179798, 5.246469, 5.259111 ] }, { "date": "2025-11-21", "close": 5.109641, "volume": 129186, "typical_volume": 154247.1, "trend": 5.182766, "fair_value": 4.305343, "relative_strength": 0.37298, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.433832, "energy": 11.527608, "activity_lines": [ 5.214705, 5.175669, 5.225485, 5.256449 ] }, { "date": "2025-11-28", "close": 5.217315, "volume": 86252, "typical_volume": 152808.7, "trend": 5.219813, "fair_value": 4.31185, "relative_strength": 1.944046, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.528872, "energy": 6.458963, "activity_lines": [ 5.21601, 5.192577, 5.214863, 5.258678 ] }, { "date": "2025-12-05", "close": 4.992177, "volume": 98332, "typical_volume": 137097.6, "trend": 5.238803, "fair_value": 4.318565, "relative_strength": -2.256627, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.904312, "energy": 21.545539, "activity_lines": [ 5.134438, 5.162855, 5.183811, 5.243992 ] }, { "date": "2025-12-12", "close": 4.845349, "volume": 159554, "typical_volume": 133113.7, "trend": 5.249702, "fair_value": 4.324338, "relative_strength": -4.459044, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.070382, "energy": 62.983734, "activity_lines": [ 5.023501, 5.106259, 5.14287, 5.218608 ] }, { "date": "2025-12-19", "close": 4.894292, "volume": 261623, "typical_volume": 139627.95, "trend": 5.258394, "fair_value": 4.331223, "relative_strength": -2.954677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.352743, "energy": 70.062394, "activity_lines": [ 4.958244, 5.061588, 5.111382, 5.195678 ] }, { "date": "2025-12-26", "close": 4.992177, "volume": 64214, "typical_volume": 137709.2, "trend": 5.266832, "fair_value": 4.338736, "relative_strength": -2.499812, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.661292, "energy": 69.525497, "activity_lines": [ 4.951718, 5.040053, 5.093366, 5.178503 ] }, { "date": "2026-01-02", "close": 5.031332, "volume": 48030, "typical_volume": 133923.1, "trend": 5.277215, "fair_value": 4.346234, "relative_strength": -1.916155, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.075982, "energy": 64.00867, "activity_lines": [ 4.966075, 5.027416, 5.081574, 5.163309 ] }, { "date": "2026-01-09", "close": 5.050909, "volume": 70051, "typical_volume": 135653.6, "trend": 5.262028, "fair_value": 4.353219, "relative_strength": -2.644095, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.912451, "energy": 36.778014, "activity_lines": [ 4.999356, 5.019586, 5.073451, 5.148709 ] }, { "date": "2026-01-16", "close": 5.031332, "volume": 69457, "typical_volume": 136835.95, "trend": 5.23148, "fair_value": 4.360344, "relative_strength": -3.275564, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.231683, "energy": 23.916248, "activity_lines": [ 5.022196, 5.012467, 5.065177, 5.133825 ] }, { "date": "2026-01-23", "close": 5.031332, "volume": 80935, "typical_volume": 138321.55, "trend": 5.226513, "fair_value": 4.367522, "relative_strength": -1.519864, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.117693, "energy": 20.450389, "activity_lines": [ 5.032637, 5.009975, 5.059029, 5.120912 ] }, { "date": "2026-01-30", "close": 4.884503, "volume": 29102, "typical_volume": 135763.5, "trend": 5.218251, "fair_value": 4.373546, "relative_strength": -4.352045, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.465122, "energy": 33.126737, "activity_lines": [ 4.984999, 4.985415, 5.040794, 5.098847 ] }, { "date": "2026-02-06", "close": 4.825771, "volume": 89086, "typical_volume": 135149.7, "trend": 5.198119, "fair_value": 4.379194, "relative_strength": -5.748155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.660157, "energy": 42.876435, "activity_lines": [ 4.924962, 4.954269, 5.01842, 5.073526 ] }, { "date": "2026-02-13", "close": 4.502748, "volume": 77338, "typical_volume": 132551.4, "trend": 5.153149, "fair_value": 4.382345, "relative_strength": -10.410623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.593134, "energy": 79.180647, "activity_lines": [ 4.770955, 4.871511, 4.965655, 5.028663 ] }, { "date": "2026-02-20", "close": 4.600634, "volume": 113443, "typical_volume": 135578.2, "trend": 5.111441, "fair_value": 4.386177, "relative_strength": -9.21852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.502914, "energy": 82.917611, "activity_lines": [ 4.686121, 4.815449, 4.924496, 4.993017 ] }, { "date": "2026-02-27", "close": 4.678943, "volume": 30004, "typical_volume": 128891.3, "trend": 5.075222, "fair_value": 4.39131, "relative_strength": -10.48877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.487416, "energy": 78.795061, "activity_lines": [ 4.656103, 4.778074, 4.892753, 4.965114 ] }, { "date": "2026-03-06", "close": 4.718097, "volume": 795178, "typical_volume": 149357.1, "trend": 5.048622, "fair_value": 4.396267, "relative_strength": -8.398966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.041803, "energy": 75.521387, "activity_lines": [ 4.662628, 4.751734, 4.867163, 4.942074 ] }, { "date": "2026-03-13", "close": 4.649577, "volume": 668447, "typical_volume": 177165.05, "trend": 5.023256, "fair_value": 4.400786, "relative_strength": -7.446101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.867485, "energy": 53.050338, "activity_lines": [ 4.657408, 4.717919, 4.836819, 4.916329 ] }, { "date": "2026-03-20", "close": 4.7, "volume": 120763, "typical_volume": 174960.35, "trend": 4.999571, "fair_value": 4.406738, "relative_strength": -5.096423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.922367, "energy": 44.012736, "activity_lines": [ 4.680741, 4.700213, 4.81342, 4.895474 ] }, { "date": "2026-03-27", "close": 4.65, "volume": 128571, "typical_volume": 170036.7, "trend": 4.97198, "fair_value": 4.411378, "relative_strength": -5.848523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.912446, "energy": 41.894766, "activity_lines": [ 4.674258, 4.679796, 4.78805, 4.872921 ] }, { "date": "2026-04-03", "close": 4.53, "volume": 100668, "typical_volume": 161011.7, "trend": 4.941988, "fair_value": 4.414919, "relative_strength": -8.14155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.519901, "energy": 47.973499, "activity_lines": [ 4.624483, 4.644494, 4.754279, 4.844406 ] }, { "date": "2026-04-10", "close": 4.54, "volume": 129226, "typical_volume": 161013.7, "trend": 4.920324, "fair_value": 4.418413, "relative_strength": -9.920202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.295601, "energy": 47.07581, "activity_lines": [ 4.587972, 4.620125, 4.725059, 4.818471 ] }, { "date": "2026-04-17", "close": 4.5, "volume": 31589, "typical_volume": 158280.55, "trend": 4.906855, "fair_value": 4.421927, "relative_strength": -8.844041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.447362, "energy": 54.843074, "activity_lines": [ 4.55, 4.594748, 4.694742, 4.791353 ] }, { "date": "2026-04-24", "close": 4.4, "volume": 79784, "typical_volume": 157353.15, "trend": 4.887442, "fair_value": 4.42535, "relative_strength": -10.639512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.590201, "energy": 66.360593, "activity_lines": [ 4.488667, 4.557111, 4.658318, 4.758653 ] }, { "date": "2026-05-01", "close": 4.61, "volume": 84442, "typical_volume": 153597.55, "trend": 4.87405, "fair_value": 4.43012, "relative_strength": -7.649177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.347648, "energy": 45.534284, "activity_lines": [ 4.517333, 4.559525, 4.644713, 4.740754 ] }, { "date": "2026-05-08", "close": 4.68, "volume": 329637, "typical_volume": 156998.25, "trend": 4.857118, "fair_value": 4.435888, "relative_strength": -7.234498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.397974, "energy": 35.073115, "activity_lines": [ 4.572, 4.574495, 4.638896, 4.728234 ] }, { "date": "2026-05-15", "close": 4.9, "volume": 118284, "typical_volume": 159701.75, "trend": 4.850783, "fair_value": 4.443288, "relative_strength": -1.4213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.123731, "energy": 12.11088, "activity_lines": [ 4.69, 4.629447, 4.655051, 4.731001 ] }, { "date": "2026-05-22", "close": 4.4, "volume": 70107, "typical_volume": 160805.6, "trend": 4.827454, "fair_value": 4.447592, "relative_strength": -11.530178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.541301, "energy": 25.049782, "activity_lines": [ 4.617333, 4.590182, 4.624026, 4.701918 ] }, { "date": "2026-05-29", "close": 4.7, "volume": 178206, "typical_volume": 166213.35, "trend": 4.807927, "fair_value": 4.453489, "relative_strength": -7.180389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.717263, "energy": 16.400141, "activity_lines": [ 4.651333, 4.61, 4.62458, 4.693695 ] }, { "date": "2026-06-05", "close": 4.57, "volume": 7502, "typical_volume": 163115.6, "trend": 4.784065, "fair_value": 4.458828, "relative_strength": -9.051248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.370494, "energy": 14.775216, "activity_lines": [ 4.622, 4.606182, 4.614423, 4.678345 ] }, { "date": "2026-06-12", "close": 4.61, "volume": 12819, "typical_volume": 159709.8, "trend": 4.761538, "fair_value": 4.465525, "relative_strength": -9.412545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.719389, "energy": 20.808341, "activity_lines": [ 4.608667, 4.611091, 4.610272, 4.667115 ] }, { "date": "2026-06-19", "close": 4.73, "volume": 11643, "typical_volume": 158836.85, "trend": 4.748883, "fair_value": 4.473046, "relative_strength": -7.17878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.437877, "energy": 6.112823, "activity_lines": [ 4.64, 4.636364, 4.619557, 4.66508 ] }, { "date": "2026-06-26", "close": 4.68, "volume": 1571, "typical_volume": 154461.1, "trend": 4.730972, "fair_value": 4.480412, "relative_strength": -7.852818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.574248, "energy": 7.11344, "activity_lines": [ 4.666, 4.649091, 4.624815, 4.660636 ] }, { "date": "2026-07-03", "close": 4.65, "volume": 17405, "typical_volume": 151464.45, "trend": 4.719567, "fair_value": 4.487311, "relative_strength": -8.989978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.60562, "energy": 8.647571, "activity_lines": [ 4.663333, 4.653091, 4.62791, 4.655412 ] }, { "date": "2026-07-10", "close": 4.85, "volume": 38959, "typical_volume": 147740.25, "trend": 4.719722, "fair_value": 4.495326, "relative_strength": -5.859636, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.222058, "energy": 23.85358, "activity_lines": [ 4.730667, 4.688909, 4.649352, 4.663827 ] }, { "date": "2026-07-17", "close": 4.81, "volume": 60158, "typical_volume": 149247.95, "trend": 4.716912, "fair_value": 4.502754, "relative_strength": -5.514484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.747134, "energy": 29.013978, "activity_lines": [ 4.766, 4.713091, 4.665796, 4.669652 ] }, { "date": "2026-07-24", "close": 4.9, "volume": 93386, "typical_volume": 114158.35, "trend": 4.713839, "fair_value": 4.509492, "relative_strength": -3.793822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.525513, "energy": 44.943687, "activity_lines": [ 4.818, 4.751273, 4.690188, 4.681464 ] }, { "date": "2026-07-31", "close": 4.6, "volume": 58403, "typical_volume": 83656.15, "trend": 4.699462, "fair_value": 4.512546, "relative_strength": -8.646167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.273451, "energy": 24.658669, "activity_lines": [ 4.758667, 4.734909, 4.685143, 4.674119 ] }, { "date": "2026-08-07", "close": 4.6, "volume": 50788, "typical_volume": 80157.4, "trend": 4.684431, "fair_value": 4.516149, "relative_strength": -9.010889, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.301604, "energy": 3.727569, "activity_lines": [ 4.704667, 4.714909, 4.680333, 4.667703 ] } ], "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." } } }