{ "ticker": { "uuid": "02b172f9-41e3-4d3c-ad33-c7723b5d3ffb", "symbol": "NFL", "name": "National Fertilizers Limited", "exchange": "NSI", "country": "IN", "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": "^NSEI", "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": "Early contraction", "architecture_gate": "down", "architecture_direction": -58.736, "architecture_energy": 63.28, "architecture_maturity": 7.543, "architecture_confidence": 85.9, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 22.67, "rotation_up": 9.68, "upward_expansion": 13.74, "deceleration": 37.4, "rotation_down": 68.5, "downward_expansion": 87.07 }, "activity_lines": [ 71.682001, 72.938182, 74.138714, 74.328473 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 71.910004, "trend_reference": 75.242667, "distance_from_trend": -0.044292, "trend_direction": "Weakening", "fair_value": 93.624558, "distance_from_fair_value": -0.231932, "fair_value_direction": "Weakening", "relative_strength": -11.707873, "relative_strength_direction": "Weakening", "price_momentum": -0.083832, "excess_performance": -0.040123, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044292, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.060265, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.231932, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.077, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.117079, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.042712, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.083832, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.726592, "read": "Supply-led" } ], "volume": { "latest": 2080831, "relative_activity": 0.458541, "balance": 0.726592, "dry_up": 0.523558, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.044158, "annualized_volatility": 0.223452, "from_high_reference": -0.29039, "from_low_reference": 0.135122 }, "levels": { "trend_reference": 75.242667, "fair_value_reference": 93.624558, "structural_low": 63.349998, "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": 23, "median_return": 0.009857, "positive_rate": 0.608696, "directional_follow_through": 0.391304, "median_excess_return": 0.000864, "regime_survival": 0.73913, "best_return": 0.311791, "worst_return": -0.272566, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.086366, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.05201, "regime_survival": 0.666667, "best_return": 0.298393, "worst_return": -0.326603, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.144528, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.105308, "regime_survival": 0.6, "best_return": -0.038086, "worst_return": -0.168469, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.224193, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.240032, "regime_survival": 0.5, "best_return": -0.177109, "worst_return": -0.271276, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-09-29", "end": "2023-10-27", "tenure": "Developing", "return": -0.058985, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-03", "end": "2023-12-15", "tenure": "Developing", "return": 0.192693, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-03-01", "tenure": "Developing", "return": 0.176261, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-08", "end": "2024-06-14", "tenure": "Established", "return": 0.135573, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-08-23", "tenure": "Developing", "return": 0.00383, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2024-10-18", "tenure": "Developing", "return": -0.155452, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-25", "end": "2024-11-29", "tenure": "Developing", "return": 0.195322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-06-06", "tenure": "Extended", "return": -0.125666, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": -0.029812, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-10-31", "tenure": "Established", "return": -0.039592, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.043516, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-05-15", "tenure": "Established", "return": -0.125544, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-07-24", "tenure": "Developing", "return": -0.079351, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.006156, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 63.863293, "volume": 5393242, "typical_volume": 22581771.4, "trend": 67.203631, "fair_value": 52.361978, "relative_strength": -2.505347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.635349, "energy": 46.25346, "activity_lines": [ 65.755541, 66.933368, 67.859276, 68.207952 ] }, { "date": "2023-08-25", "close": 65.40799, "volume": 21263903, "typical_volume": 23213456.95, "trend": 67.373199, "fair_value": 52.561429, "relative_strength": -0.267179, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.833283, "energy": 47.420012, "activity_lines": [ 65.359716, 66.551584, 67.478382, 68.092104 ] }, { "date": "2023-09-01", "close": 65.601067, "volume": 16096189, "typical_volume": 19957519.2, "trend": 67.660996, "fair_value": 52.767871, "relative_strength": -1.165893, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.731173, "energy": 50.257002, "activity_lines": [ 65.227771, 66.251422, 67.142488, 67.977773 ] }, { "date": "2023-09-08", "close": 69.366249, "volume": 45441083, "typical_volume": 19789330.05, "trend": 68.173495, "fair_value": 52.990878, "relative_strength": 2.059458, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -38.286976, "energy": 27.774109, "activity_lines": [ 66.531102, 66.673577, 67.236537, 68.087789 ] }, { "date": "2023-09-15", "close": 73.08316, "volume": 49795049, "typical_volume": 20492595.0, "trend": 68.591029, "fair_value": 53.245282, "relative_strength": 5.043127, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.529651, "energy": 21.058325, "activity_lines": [ 68.957551, 67.741695, 67.696164, 68.404542 ] }, { "date": "2023-09-22", "close": 71.400139, "volume": 24031761, "typical_volume": 20284711.75, "trend": 68.987103, "fair_value": 53.506156, "relative_strength": 4.774634, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.623284, "energy": 27.036022, "activity_lines": [ 70.26948, 68.448515, 68.002211, 68.585775 ] }, { "date": "2023-09-29", "close": 71.596565, "volume": 15231086, "typical_volume": 20198649.0, "trend": 69.391298, "fair_value": 53.765262, "relative_strength": 4.670099, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.150372, "energy": 31.58299, "activity_lines": [ 71.144428, 69.141783, 68.363732, 68.754127 ] }, { "date": "2023-10-06", "close": 69.435898, "volume": 10959925, "typical_volume": 19214464.45, "trend": 69.34558, "fair_value": 54.01294, "relative_strength": 0.981031, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.851226, "energy": 32.936449, "activity_lines": [ 70.886582, 69.384097, 68.527414, 68.757004 ] }, { "date": "2023-10-13", "close": 71.351036, "volume": 26098634, "typical_volume": 19641868.45, "trend": 69.418809, "fair_value": 54.284401, "relative_strength": 2.697781, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.287803, "energy": 29.444478, "activity_lines": [ 71.01146, 69.954044, 68.85078, 68.886389 ] }, { "date": "2023-10-20", "close": 74.542931, "volume": 85182459, "typical_volume": 23160828.6, "trend": 69.612605, "fair_value": 54.565724, "relative_strength": 7.736005, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.77306, "energy": 30.697512, "activity_lines": [ 72.067984, 71.036652, 69.453053, 69.216977 ] }, { "date": "2023-10-27", "close": 67.373444, "volume": 22168765, "typical_volume": 23180078.35, "trend": 69.576866, "fair_value": 54.813201, "relative_strength": -0.575136, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 2.653173, "energy": 6.822666, "activity_lines": [ 70.637361, 70.638218, 69.323914, 69.072515 ] }, { "date": "2023-11-03", "close": 68.551994, "volume": 18487111, "typical_volume": 22686133.3, "trend": 69.495386, "fair_value": 55.054607, "relative_strength": -0.282801, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.23113, "energy": 4.923851, "activity_lines": [ 69.868034, 70.390245, 69.308692, 69.006394 ] }, { "date": "2023-11-10", "close": 67.078812, "volume": 13815884, "typical_volume": 22480566.9, "trend": 69.045166, "fair_value": 55.28445, "relative_strength": -3.828043, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.697073, "energy": 8.18208, "activity_lines": [ 68.810618, 69.817256, 69.150379, 68.850486 ] }, { "date": "2023-11-17", "close": 68.601097, "volume": 11818580, "typical_volume": 22641296.3, "trend": 68.938555, "fair_value": 55.51951, "relative_strength": -3.656955, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.408831, "energy": 12.035718, "activity_lines": [ 68.417769, 69.494179, 69.139892, 68.821837 ] }, { "date": "2023-11-24", "close": 68.355568, "volume": 8702258, "typical_volume": 21880092.45, "trend": 68.734011, "fair_value": 55.751178, "relative_strength": -4.59012, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.039408, "energy": 9.120794, "activity_lines": [ 68.126406, 69.140372, 69.10185, 68.784225 ] }, { "date": "2023-12-01", "close": 70.761765, "volume": 16991707, "typical_volume": 21921335.8, "trend": 68.455368, "fair_value": 55.981012, "relative_strength": -3.827859, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.93643, "energy": 14.103704, "activity_lines": [ 69.0496, 69.310011, 69.301, 68.915048 ] }, { "date": "2023-12-08", "close": 76.654488, "volume": 79283457, "typical_volume": 25306453.65, "trend": 68.568392, "fair_value": 56.247105, "relative_strength": 0.331384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.266542, "energy": 42.443406, "activity_lines": [ 71.711147, 70.562661, 70.051499, 69.444023 ] }, { "date": "2023-12-15", "close": 81.761505, "volume": 78507080, "typical_volume": 28747215.65, "trend": 69.138219, "fair_value": 56.535641, "relative_strength": 4.648863, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.571873, "energy": 70.42775, "activity_lines": [ 75.534867, 72.651898, 71.249077, 70.295192 ] }, { "date": "2023-12-22", "close": 82.743629, "volume": 55522029, "typical_volume": 30949032.0, "trend": 69.693547, "fair_value": 56.841675, "relative_strength": 6.011644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.735542, "energy": 78.884963, "activity_lines": [ 78.707115, 74.695601, 72.476109, 71.17296 ] }, { "date": "2023-12-29", "close": 89.864006, "volume": 86506333, "typical_volume": 34564826.75, "trend": 70.544479, "fair_value": 57.188812, "relative_strength": 13.048412, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.088917, "energy": 88.661664, "activity_lines": [ 83.309987, 77.826779, 74.309294, 72.47428 ] }, { "date": "2024-01-05", "close": 98.212029, "volume": 130038938, "typical_volume": 40797111.55, "trend": 71.560712, "fair_value": 57.569173, "relative_strength": 23.245263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.813682, "energy": 94.404419, "activity_lines": [ 89.261637, 82.197215, 76.818085, 74.259283 ] }, { "date": "2024-01-12", "close": 99.832527, "volume": 33392247, "typical_volume": 41403528.75, "trend": 72.622917, "fair_value": 57.95417, "relative_strength": 23.725487, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.83287, "energy": 94.366385, "activity_lines": [ 93.923435, 86.301586, 79.317643, 76.083271 ] }, { "date": "2024-01-19", "close": 111.716171, "volume": 126298951, "typical_volume": 46913666.85, "trend": 74.090898, "fair_value": 58.41504, "relative_strength": 39.161094, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.869852, "energy": 97.270364, "activity_lines": [ 101.001246, 91.997882, 82.78505, 78.605417 ] }, { "date": "2024-01-26", "close": 123.354301, "volume": 66639867, "typical_volume": 47973606.05, "trend": 75.945207, "fair_value": 58.950817, "relative_strength": 53.72823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.417135, "energy": 98.010989, "activity_lines": [ 109.961456, 98.998613, 87.141255, 81.783701 ] }, { "date": "2024-02-02", "close": 116.233925, "volume": 58507227, "typical_volume": 48409214.95, "trend": 77.484936, "fair_value": 59.444887, "relative_strength": 40.0078, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.888747, "energy": 90.662019, "activity_lines": [ 113.840828, 103.709218, 90.562242, 84.382973 ] }, { "date": "2024-02-09", "close": 104.939545, "volume": 29517465, "typical_volume": 48683500.15, "trend": 78.693239, "fair_value": 59.871099, "relative_strength": 25.675747, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.833313, "energy": 68.984495, "activity_lines": [ 112.197413, 105.495784, 92.702095, 86.154238 ] }, { "date": "2024-02-16", "close": 103.22084, "volume": 47706792, "typical_volume": 50307285.45, "trend": 79.853906, "fair_value": 60.294772, "relative_strength": 21.372591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.553733, "energy": 59.848285, "activity_lines": [ 109.532595, 106.348443, 94.51855, 87.736664 ] }, { "date": "2024-02-23", "close": 100.814644, "volume": 20843181, "typical_volume": 50801448.25, "trend": 80.937585, "fair_value": 60.620357, "relative_strength": 16.966064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.132451, "energy": 41.506644, "activity_lines": [ 105.839824, 106.280588, 95.955252, 89.088969 ] }, { "date": "2024-03-01", "close": 97.32811, "volume": 15004859, "typical_volume": 50246759.5, "trend": 81.927573, "fair_value": 60.837295, "relative_strength": 11.742815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.102722, "energy": 26.26289, "activity_lines": [ 101.711644, 105.232397, 96.91048, 90.146423 ] }, { "date": "2024-03-08", "close": 99.390564, "volume": 12150256, "typical_volume": 46595149.35, "trend": 83.081243, "fair_value": 61.099853, "relative_strength": 13.128873, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.773517, "energy": 24.270615, "activity_lines": [ 100.006028, 104.294025, 97.938432, 91.273067 ] }, { "date": "2024-03-15", "close": 89.029205, "volume": 18105056, "typical_volume": 46391963.9, "trend": 83.920107, "fair_value": 61.353524, "relative_strength": 3.499647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.819717, "energy": 21.116071, "activity_lines": [ 95.969516, 101.298559, 97.861266, 91.656807 ] }, { "date": "2024-03-22", "close": 87.310493, "volume": 10569138, "typical_volume": 45996065.25, "trend": 84.65019, "fair_value": 61.580431, "relative_strength": 1.216601, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.074631, "energy": 18.259295, "activity_lines": [ 92.420789, 98.157561, 97.517291, 91.875541 ] }, { "date": "2024-03-29", "close": 86.03373, "volume": 7517181, "typical_volume": 45681130.1, "trend": 85.331279, "fair_value": 61.796733, "relative_strength": -1.248123, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.607345, "energy": 17.67512, "activity_lines": [ 89.507165, 95.012097, 96.962393, 91.964802 ] }, { "date": "2024-04-05", "close": 102.336922, "volume": 32673814, "typical_volume": 46723891.8, "trend": 86.430301, "fair_value": 62.097254, "relative_strength": 16.197612, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.910261, "energy": 18.129087, "activity_lines": [ 93.013332, 95.297804, 97.869918, 93.06194 ] }, { "date": "2024-04-12", "close": 98.113815, "volume": 10490411, "typical_volume": 46813299.45, "trend": 87.264657, "fair_value": 62.392203, "relative_strength": 11.463798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.431814, "energy": 10.411054, "activity_lines": [ 94.777876, 95.197807, 98.214596, 93.815715 ] }, { "date": "2024-04-19", "close": 95.412979, "volume": 10206587, "typical_volume": 46474043.45, "trend": 88.065085, "fair_value": 62.689217, "relative_strength": 10.091269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.903164, "energy": 13.347681, "activity_lines": [ 95.727258, 94.936206, 98.160345, 94.341414 ] }, { "date": "2024-04-26", "close": 103.810104, "volume": 26142546, "typical_volume": 43816997.9, "trend": 89.138869, "fair_value": 63.003724, "relative_strength": 18.028052, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.459087, "energy": 28.861477, "activity_lines": [ 99.050097, 96.374564, 98.788434, 95.357221 ] }, { "date": "2024-05-03", "close": 101.060173, "volume": 10532948, "typical_volume": 40418291.3, "trend": 90.193012, "fair_value": 63.279104, "relative_strength": 14.549699, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.107841, "energy": 27.408236, "activity_lines": [ 100.356318, 97.302222, 99.025312, 96.126338 ] }, { "date": "2024-05-10", "close": 94.332649, "volume": 8522898, "typical_volume": 38068334.75, "trend": 90.959065, "fair_value": 63.466545, "relative_strength": 8.815907, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 28.093153, "energy": 18.112494, "activity_lines": [ 98.418268, 97.002229, 98.529575, 96.393411 ] }, { "date": "2024-05-17", "close": 99.930733, "volume": 9607482, "typical_volume": 34223392.2, "trend": 91.805326, "fair_value": 63.696533, "relative_strength": 12.671446, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.179396, "energy": 22.209408, "activity_lines": [ 98.879864, 97.774533, 98.511803, 96.972228 ] }, { "date": "2024-05-24", "close": 104.448486, "volume": 26606205, "typical_volume": 29051755.55, "trend": 93.04116, "fair_value": 63.943975, "relative_strength": 14.700301, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.546597, "energy": 28.052485, "activity_lines": [ 100.726251, 99.358425, 98.876357, 97.787916 ] }, { "date": "2024-05-31", "close": 100.667328, "volume": 22825430, "typical_volume": 28523414.7, "trend": 94.111671, "fair_value": 64.175959, "relative_strength": 12.09845, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.321058, "energy": 22.197204, "activity_lines": [ 100.709884, 99.974483, 98.851103, 98.279927 ] }, { "date": "2024-06-07", "close": 101.502121, "volume": 23281930, "typical_volume": 23372563.65, "trend": 95.259115, "fair_value": 64.411175, "relative_strength": 8.969181, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.362721, "energy": 25.918298, "activity_lines": [ 101.181299, 100.49947, 98.901378, 98.75673 ] }, { "date": "2024-06-14", "close": 112.865257, "volume": 80737288, "typical_volume": 24077434.7, "trend": 96.734587, "fair_value": 64.731949, "relative_strength": 19.572597, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.683463, "energy": 53.029435, "activity_lines": [ 105.410964, 102.809238, 100.082494, 99.89261 ] }, { "date": "2024-06-21", "close": 138.478958, "volume": 251575912, "typical_volume": 33730868.95, "trend": 99.072033, "fair_value": 65.224484, "relative_strength": 44.916463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.752779, "energy": 77.982643, "activity_lines": [ 116.943022, 109.584619, 103.752959, 102.585795 ] }, { "date": "2024-06-28", "close": 128.048843, "volume": 91622178, "typical_volume": 36836104.6, "trend": 100.981603, "fair_value": 65.646222, "relative_strength": 30.048622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.129301, "energy": 77.806908, "activity_lines": [ 122.428493, 113.729703, 106.32415, 104.455267 ] }, { "date": "2024-07-05", "close": 132.497849, "volume": 58922943, "typical_volume": 37396912.15, "trend": 102.843048, "fair_value": 66.108289, "relative_strength": 31.707471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.055855, "energy": 83.747691, "activity_lines": [ 127.823608, 118.090319, 109.209012, 106.488573 ] }, { "date": "2024-07-12", "close": 149.98941, "volume": 164118735, "typical_volume": 44560689.85, "trend": 105.117312, "fair_value": 66.689446, "relative_strength": 46.234708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.330494, "energy": 90.725567, "activity_lines": [ 136.92721, 125.109622, 113.620323, 109.530274 ] }, { "date": "2024-07-19", "close": 142.662781, "volume": 54775873, "typical_volume": 46549240.55, "trend": 107.114617, "fair_value": 67.233932, "relative_strength": 37.443745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.408414, "energy": 81.907316, "activity_lines": [ 140.356116, 129.907189, 117.099694, 111.952562 ] }, { "date": "2024-07-26", "close": 143.900269, "volume": 165462303, "typical_volume": 54214842.9, "trend": 108.915825, "fair_value": 67.76788, "relative_strength": 35.511874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.279918, "energy": 71.595575, "activity_lines": [ 142.211016, 134.051024, 120.481041, 114.32583 ] }, { "date": "2024-08-02", "close": 139.686951, "volume": 42759803, "typical_volume": 55447580.25, "trend": 110.298323, "fair_value": 68.288142, "relative_strength": 30.880745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.493197, "energy": 55.107599, "activity_lines": [ 142.300056, 136.629355, 123.249169, 116.311064 ] }, { "date": "2024-08-09", "close": 134.255844, "volume": 26104778, "typical_volume": 56224362.25, "trend": 111.445767, "fair_value": 68.810532, "relative_strength": 26.375508, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.886994, "energy": 45.807505, "activity_lines": [ 139.802854, 137.579513, 125.258822, 117.856711 ] }, { "date": "2024-08-16", "close": 130.130936, "volume": 15451506, "typical_volume": 56621078.5, "trend": 112.059592, "fair_value": 69.329795, "relative_strength": 20.564837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.654031, "energy": 33.305795, "activity_lines": [ 135.813482, 137.168987, 126.652077, 119.062205 ] }, { "date": "2024-08-23", "close": 139.009293, "volume": 27611828, "typical_volume": 56367979.2, "trend": 112.581425, "fair_value": 69.894161, "relative_strength": 26.11156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.070872, "energy": 29.479314, "activity_lines": [ 136.107461, 137.852184, 128.680903, 120.800896 ] }, { "date": "2024-08-30", "close": 136.26918, "volume": 16812809, "typical_volume": 56684099.1, "trend": 113.249267, "fair_value": 70.420069, "relative_strength": 20.546814, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.158006, "energy": 24.84833, "activity_lines": [ 135.731635, 137.561832, 130.274135, 122.329138 ] }, { "date": "2024-09-06", "close": 130.396103, "volume": 11592722, "typical_volume": 56753405.85, "trend": 114.097819, "fair_value": 70.925589, "relative_strength": 16.260542, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.745124, "energy": 21.458535, "activity_lines": [ 133.906855, 136.243826, 131.126335, 123.435386 ] }, { "date": "2024-09-13", "close": 126.575661, "volume": 12080292, "typical_volume": 56050293.15, "trend": 114.876313, "fair_value": 71.392085, "relative_strength": 9.966414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.163284, "energy": 18.553953, "activity_lines": [ 131.427985, 134.188517, 131.448096, 124.240408 ] }, { "date": "2024-09-20", "close": 125.862274, "volume": 16153810, "typical_volume": 56331336.25, "trend": 115.711234, "fair_value": 71.836446, "relative_strength": 6.937959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.925203, "energy": 17.892025, "activity_lines": [ 129.223332, 132.111177, 131.593509, 124.949179 ] }, { "date": "2024-09-27", "close": 124.533676, "volume": 8975156, "typical_volume": 56353949.15, "trend": 116.618086, "fair_value": 72.281071, "relative_strength": 3.755048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.151886, "energy": 15.038162, "activity_lines": [ 126.86039, 130.23095, 131.494283, 125.518369 ] }, { "date": "2024-10-04", "close": 117.969437, "volume": 10962980, "typical_volume": 56421724.05, "trend": 117.237382, "fair_value": 72.672716, "relative_strength": 2.35308, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.949968, "energy": 14.886334, "activity_lines": [ 123.274409, 127.486844, 130.626078, 125.605553 ] }, { "date": "2024-10-11", "close": 119.829468, "volume": 13080993, "typical_volume": 55745463.45, "trend": 118.264057, "fair_value": 73.081433, "relative_strength": 3.662783, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.147583, "energy": 18.780751, "activity_lines": [ 121.528422, 125.552395, 129.849119, 125.772784 ] }, { "date": "2024-10-18", "close": 115.085892, "volume": 6098728, "typical_volume": 54909128.35, "trend": 119.189904, "fair_value": 73.474276, "relative_strength": -0.337179, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.216146, "energy": 41.131866, "activity_lines": [ 118.905685, 123.116523, 128.547149, 125.567741 ] }, { "date": "2024-10-25", "close": 100.569756, "volume": 9833366, "typical_volume": 54236700.15, "trend": 119.674438, "fair_value": 73.787088, "relative_strength": -10.712943, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.544502, "energy": 65.80335, "activity_lines": [ 112.21022, 118.389899, 125.794029, 124.366442 ] }, { "date": "2024-11-01", "close": 110.785172, "volume": 8190905, "typical_volume": 50609381.0, "trend": 119.956047, "fair_value": 74.160841, "relative_strength": -2.543293, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.574274, "energy": 57.725162, "activity_lines": [ 110.606062, 116.058098, 124.018246, 123.792941 ] }, { "date": "2024-11-08", "close": 114.485558, "volume": 13194263, "typical_volume": 38690298.55, "trend": 120.501771, "fair_value": 74.557406, "relative_strength": 0.829258, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.5289, "energy": 55.660282, "activity_lines": [ 111.151933, 114.912261, 122.604786, 123.440006 ] }, { "date": "2024-11-15", "close": 107.252098, "volume": 7153134, "typical_volume": 34466846.35, "trend": 120.896409, "fair_value": 74.93758, "relative_strength": -3.497411, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.563693, "energy": 55.614195, "activity_lines": [ 109.518909, 112.847315, 120.61668, 122.585188 ] }, { "date": "2024-11-22", "close": 106.641922, "volume": 5560994, "typical_volume": 31798748.9, "trend": 120.990803, "fair_value": 75.316264, "relative_strength": -5.935589, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.334357, "energy": 37.952944, "activity_lines": [ 108.520985, 111.092229, 118.669493, 121.665544 ] }, { "date": "2024-11-29", "close": 120.21328, "volume": 19891515, "typical_volume": 24587387.9, "trend": 121.629239, "fair_value": 75.780431, "relative_strength": 4.420419, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -44.203331, "energy": 29.884592, "activity_lines": [ 112.609778, 112.167093, 118.13794, 121.615381 ] }, { "date": "2024-12-06", "close": 121.856804, "volume": 14065902, "typical_volume": 22551889.35, "trend": 122.546711, "fair_value": 76.243627, "relative_strength": 2.970843, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.424317, "energy": 21.519398, "activity_lines": [ 115.936844, 113.643489, 117.904705, 121.630063 ] }, { "date": "2024-12-13", "close": 118.156418, "volume": 10344385, "typical_volume": 14795993.45, "trend": 123.154234, "fair_value": 76.689763, "relative_strength": -0.902333, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.237076, "energy": 20.465871, "activity_lines": [ 117.292339, 114.495758, 117.418128, 121.346818 ] }, { "date": "2024-12-20", "close": 113.225853, "volume": 22382065, "typical_volume": 13777106.55, "trend": 123.446813, "fair_value": 77.111864, "relative_strength": -0.650675, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.460637, "energy": 23.052416, "activity_lines": [ 116.759589, 114.448161, 116.584562, 120.706277 ] }, { "date": "2024-12-27", "close": 112.989655, "volume": 4880480, "typical_volume": 12715891.65, "trend": 123.857557, "fair_value": 77.517613, "relative_strength": -2.036095, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.053191, "energy": 18.631627, "activity_lines": [ 115.749855, 114.477685, 115.854508, 120.031622 ] }, { "date": "2025-01-03", "close": 118.638649, "volume": 10299826, "typical_volume": 12458307.65, "trend": 124.428775, "fair_value": 77.943223, "relative_strength": 1.872395, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.044911, "energy": 15.950628, "activity_lines": [ 116.199938, 115.572411, 115.76372, 119.694918 ] }, { "date": "2025-01-10", "close": 109.190857, "volume": 11508877, "typical_volume": 11653160.1, "trend": 124.306295, "fair_value": 78.294644, "relative_strength": -3.984565, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.870813, "energy": 30.038391, "activity_lines": [ 113.605731, 114.620833, 114.827867, 118.711827 ] }, { "date": "2025-01-17", "close": 108.679108, "volume": 13610811, "typical_volume": 11493060.2, "trend": 123.312967, "fair_value": 78.646418, "relative_strength": -3.309272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.678969, "energy": 32.431229, "activity_lines": [ 111.685339, 113.605196, 113.985269, 117.703621 ] }, { "date": "2025-01-24", "close": 104.565376, "volume": 13525657, "typical_volume": 11589706.95, "trend": 122.530184, "fair_value": 78.970611, "relative_strength": -6.056279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.542486, "energy": 47.874917, "activity_lines": [ 109.025522, 111.94718, 112.882269, 116.494099 ] }, { "date": "2025-01-31", "close": 105.647934, "volume": 10960486, "typical_volume": 11533716.65, "trend": 121.635187, "fair_value": 79.314159, "relative_strength": -6.456348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.666474, "energy": 55.809877, "activity_lines": [ 107.303924, 110.534842, 112.005373, 115.404922 ] }, { "date": "2025-02-07", "close": 100.550064, "volume": 14376200, "typical_volume": 11444836.15, "trend": 119.987209, "fair_value": 79.633505, "relative_strength": -10.969014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.816406, "energy": 62.442873, "activity_lines": [ 104.372484, 108.213691, 110.742621, 114.044591 ] }, { "date": "2025-02-14", "close": 84.390411, "volume": 11991005, "typical_volume": 11595628.6, "trend": 118.044797, "fair_value": 79.874397, "relative_strength": -22.911967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.344029, "energy": 80.74219, "activity_lines": [ 97.260398, 103.311935, 108.061388, 111.748023 ] }, { "date": "2025-02-21", "close": 85.098999, "volume": 8284685, "typical_volume": 11461713.85, "trend": 116.084754, "fair_value": 80.147991, "relative_strength": -21.555445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.897266, "energy": 82.913891, "activity_lines": [ 92.037872, 99.22022, 105.638799, 109.622488 ] }, { "date": "2025-02-28", "close": 76.85186, "volume": 5297222, "typical_volume": 11072525.3, "trend": 113.990251, "fair_value": 80.373563, "relative_strength": -26.747046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.372918, "energy": 91.586984, "activity_lines": [ 85.638306, 94.230068, 102.587294, 107.091334 ] }, { "date": "2025-03-07", "close": 82.057983, "volume": 8407234, "typical_volume": 11187950.6, "trend": 112.250323, "fair_value": 80.604045, "relative_strength": -23.024871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.303638, "energy": 85.936779, "activity_lines": [ 82.821683, 90.847831, 100.236265, 105.031187 ] }, { "date": "2025-03-14", "close": 76.359787, "volume": 4480283, "typical_volume": 10920296.45, "trend": 110.457951, "fair_value": 80.780741, "relative_strength": -27.687162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.837818, "energy": 87.14093, "activity_lines": [ 79.678324, 86.991951, 97.499827, 102.715669 ] }, { "date": "2025-03-21", "close": 82.756729, "volume": 8614806, "typical_volume": 10941491.5, "trend": 108.582865, "fair_value": 81.001168, "relative_strength": -24.70342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.455738, "energy": 75.471585, "activity_lines": [ 80.279964, 85.067859, 95.487907, 100.928493 ] }, { "date": "2025-03-28", "close": 79.105553, "volume": 11728307, "typical_volume": 10868193.7, "trend": 106.677411, "fair_value": 81.157918, "relative_strength": -28.399156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.547838, "energy": 58.272836, "activity_lines": [ 79.773458, 82.960536, 93.261725, 99.026731 ] }, { "date": "2025-04-04", "close": 77.324249, "volume": 7421949, "typical_volume": 10881634.45, "trend": 104.908349, "fair_value": 81.286595, "relative_strength": -27.786766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.569359, "energy": 57.41526, "activity_lines": [ 79.072747, 81.067042, 91.034371, 97.132979 ] }, { "date": "2025-04-11", "close": 77.038849, "volume": 7352217, "typical_volume": 10971195.6, "trend": 103.257122, "fair_value": 81.412535, "relative_strength": -27.521264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.201415, "energy": 53.858287, "activity_lines": [ 78.24541, 79.616949, 88.922349, 95.334947 ] }, { "date": "2025-04-18", "close": 84.026276, "volume": 15853590, "typical_volume": 10769299.35, "trend": 101.862589, "fair_value": 81.574484, "relative_strength": -24.092139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.3992, "energy": 44.413237, "activity_lines": [ 80.081824, 79.957464, 87.616764, 94.094247 ] }, { "date": "2025-04-25", "close": 83.366898, "volume": 20606005, "typical_volume": 11096304.5, "trend": 100.490363, "fair_value": 81.752191, "relative_strength": -24.914212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.554022, "energy": 38.319307, "activity_lines": [ 81.187346, 80.478523, 86.4207, 92.900976 ] }, { "date": "2025-05-02", "close": 83.101189, "volume": 8060402, "typical_volume": 10982105.35, "trend": 99.328088, "fair_value": 81.962109, "relative_strength": -25.763577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.675919, "energy": 32.448248, "activity_lines": [ 82.163621, 80.969882, 85.382616, 91.779094 ] }, { "date": "2025-05-09", "close": 80.050331, "volume": 9954502, "typical_volume": 10360727.2, "trend": 98.002117, "fair_value": 82.201523, "relative_strength": -27.193023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.178373, "energy": 29.28805, "activity_lines": [ 81.856567, 80.942862, 84.220903, 90.535368 ] }, { "date": "2025-05-16", "close": 95.540771, "volume": 28365681, "typical_volume": 11534987.25, "trend": 97.350613, "fair_value": 82.485428, "relative_strength": -16.397321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.347765, "energy": 16.256003, "activity_lines": [ 86.531255, 83.674133, 84.692449, 90.376571 ] }, { "date": "2025-05-23", "close": 95.845856, "volume": 19081740, "typical_volume": 11974082.95, "trend": 97.19315, "fair_value": 82.788246, "relative_strength": -15.320822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.260138, "energy": 15.693023, "activity_lines": [ 90.074176, 86.215731, 85.276141, 90.27949 ] }, { "date": "2025-05-30", "close": 96.741432, "volume": 17500488, "typical_volume": 12273663.5, "trend": 96.725025, "fair_value": 83.101346, "relative_strength": -13.972599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.819684, "energy": 25.072088, "activity_lines": [ 93.12765, 88.56587, 86.053662, 90.250347 ] }, { "date": "2025-06-06", "close": 106.54351, "volume": 52600956, "typical_volume": 14223170.75, "trend": 96.46029, "fair_value": 83.497568, "relative_strength": -6.17383, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 43.417558, "energy": 54.341915, "activity_lines": [ 98.556848, 92.443937, 87.823998, 90.883798 ] }, { "date": "2025-06-13", "close": 99.693863, "volume": 14993596, "typical_volume": 14296567.7, "trend": 96.208349, "fair_value": 83.88864, "relative_strength": -10.902574, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.510276, "energy": 55.643951, "activity_lines": [ 100.140009, 94.577742, 88.952156, 91.092415 ] }, { "date": "2025-06-20", "close": 96.790634, "volume": 11098190, "typical_volume": 14303452.9, "trend": 95.879973, "fair_value": 84.261101, "relative_strength": -14.110018, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.10177, "energy": 53.462363, "activity_lines": [ 99.445858, 95.776967, 89.827014, 91.129982 ] }, { "date": "2025-06-27", "close": 99.300209, "volume": 8727731, "typical_volume": 14021029.45, "trend": 95.18287, "fair_value": 84.64753, "relative_strength": -13.145515, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.100185, "energy": 40.052315, "activity_lines": [ 99.504908, 97.073354, 90.983057, 91.350643 ] }, { "date": "2025-07-04", "close": 98.19796, "volume": 7571798, "typical_volume": 13800069.1, "trend": 94.394242, "fair_value": 85.019323, "relative_strength": -12.915915, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.403482, "energy": 27.484176, "activity_lines": [ 98.966252, 97.891625, 92.040075, 91.545165 ] }, { "date": "2025-07-11", "close": 95.82618, "volume": 4362368, "typical_volume": 13603953.25, "trend": 93.649901, "fair_value": 85.370765, "relative_strength": -13.095723, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.175196, "energy": 17.567279, "activity_lines": [ 97.5399, 98.009008, 92.805459, 91.637548 ] }, { "date": "2025-07-18", "close": 96.721748, "volume": 7453050, "typical_volume": 13711744.65, "trend": 93.099764, "fair_value": 85.712808, "relative_strength": -10.887074, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 12.051676, "energy": 16.428953, "activity_lines": [ 97.126559, 98.057858, 93.605053, 91.835731 ] }, { "date": "2025-07-25", "close": 97.302391, "volume": 14073129, "typical_volume": 13995039.4, "trend": 92.576855, "fair_value": 86.058573, "relative_strength": -9.12336, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 10.32952, "energy": 13.420566, "activity_lines": [ 97.104908, 97.909162, 94.365329, 92.106869 ] }, { "date": "2025-08-01", "close": 92.873741, "volume": 9422500, "typical_volume": 14242150.25, "trend": 91.718025, "fair_value": 86.347183, "relative_strength": -11.562366, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.946356, "energy": 18.52786, "activity_lines": [ 95.572922, 96.923228, 94.631235, 92.126022 ] }, { "date": "2025-08-08", "close": 91.554985, "volume": 7629237, "typical_volume": 14192871.8, "trend": 91.130163, "fair_value": 86.63279, "relative_strength": -11.396921, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.726914, "energy": 16.917106, "activity_lines": [ 94.029783, 95.751559, 94.692908, 92.115504 ] }, { "date": "2025-08-15", "close": 90.314957, "volume": 4110719, "typical_volume": 13811992.4, "trend": 90.518024, "fair_value": 86.916504, "relative_strength": -12.901911, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.26334, "energy": 13.500924, "activity_lines": [ 92.516165, 94.448729, 94.594587, 92.06291 ] }, { "date": "2025-08-22", "close": 96.633179, "volume": 14942526, "typical_volume": 14188021.25, "trend": 90.253618, "fair_value": 87.22346, "relative_strength": -6.974986, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.963924, "energy": 16.915317, "activity_lines": [ 93.476037, 94.589731, 95.044623, 92.457436 ] }, { "date": "2025-08-29", "close": 94.763298, "volume": 4821212, "typical_volume": 14061471.0, "trend": 89.890796, "fair_value": 87.516008, "relative_strength": -6.464947, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.456017, "energy": 11.938253, "activity_lines": [ 93.818519, 94.446404, 95.224628, 92.748383 ] }, { "date": "2025-09-05", "close": 97.341759, "volume": 12356169, "typical_volume": 13886599.95, "trend": 89.783853, "fair_value": 87.823267, "relative_strength": -4.559107, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.060555, "energy": 19.10233, "activity_lines": [ 95.189762, 94.808748, 95.565798, 93.22909 ] }, { "date": "2025-09-12", "close": 96.032845, "volume": 4347636, "typical_volume": 13073681.5, "trend": 90.171934, "fair_value": 88.127889, "relative_strength": -6.732745, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.680388, "energy": 24.539659, "activity_lines": [ 95.826831, 94.968716, 95.718903, 93.632251 ] }, { "date": "2025-09-19", "close": 96.830002, "volume": 6581577, "typical_volume": 12999740.25, "trend": 90.562967, "fair_value": 88.450338, "relative_strength": -6.285031, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 39.898934, "energy": 29.026632, "activity_lines": [ 96.431096, 95.312988, 95.887613, 94.061804 ] }, { "date": "2025-09-26", "close": 92.269997, "volume": 4530041, "typical_volume": 12728517.2, "trend": 91.076905, "fair_value": 88.75264, "relative_strength": -7.822191, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.174315, "energy": 15.801041, "activity_lines": [ 95.081023, 94.809916, 95.556662, 94.171935 ] }, { "date": "2025-10-03", "close": 95.43, "volume": 3435533, "typical_volume": 11482009.8, "trend": 91.522639, "fair_value": 89.062179, "relative_strength": -5.186355, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.617266, "energy": 13.913008, "activity_lines": [ 95.075163, 94.962332, 95.468475, 94.45278 ] }, { "date": "2025-10-10", "close": 93.349998, "volume": 2469538, "typical_volume": 10651399.7, "trend": 92.08898, "fair_value": 89.371102, "relative_strength": -8.203625, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.235942, "energy": 7.710768, "activity_lines": [ 94.331522, 94.770608, 95.18272, 94.570674 ] }, { "date": "2025-10-17", "close": 93.290001, "volume": 4312170, "typical_volume": 9991983.8, "trend": 92.440089, "fair_value": 89.673281, "relative_strength": -9.343004, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.138233, "energy": 10.150423, "activity_lines": [ 93.834, 94.559317, 94.903136, 94.648159 ] }, { "date": "2025-10-24", "close": 93.75, "volume": 1556045, "typical_volume": 7439738.25, "trend": 92.928237, "fair_value": 89.972656, "relative_strength": -8.967776, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.648787, "energy": 5.663071, "activity_lines": [ 93.672666, 94.400117, 94.683797, 94.732669 ] }, { "date": "2025-10-31", "close": 93.449997, "volume": 4827049, "typical_volume": 6931410.9, "trend": 93.465762, "fair_value": 90.261629, "relative_strength": -8.594035, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.911172, "energy": 8.927415, "activity_lines": [ 93.616666, 94.123915, 94.496807, 94.766331 ] }, { "date": "2025-11-07", "close": 92.610001, "volume": 2732811, "typical_volume": 6513141.95, "trend": 93.9848, "fair_value": 90.545521, "relative_strength": -8.106415, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.106117, "energy": 21.918199, "activity_lines": [ 93.202, 93.752862, 94.259551, 94.711121 ] }, { "date": "2025-11-14", "close": 92.190002, "volume": 3364691, "typical_volume": 6244989.95, "trend": 94.256924, "fair_value": 90.83853, "relative_strength": -9.558327, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.605486, "energy": 24.271445, "activity_lines": [ 92.835334, 93.344597, 94.002202, 94.595328 ] }, { "date": "2025-11-21", "close": 88.580002, "volume": 3439005, "typical_volume": 6038350.3, "trend": 94.430695, "fair_value": 91.062675, "relative_strength": -13.175904, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.133356, "energy": 53.891155, "activity_lines": [ 91.342668, 92.373637, 93.434902, 94.229075 ] }, { "date": "2025-11-28", "close": 85.07, "volume": 2986445, "typical_volume": 5969554.15, "trend": 94.496322, "fair_value": 91.257658, "relative_strength": -16.331953, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.503906, "energy": 71.008824, "activity_lines": [ 88.994001, 90.9, 92.579116, 93.625159 ] }, { "date": "2025-12-05", "close": 88.800003, "volume": 7178839, "typical_volume": 5955843.6, "trend": 94.787977, "fair_value": 91.474735, "relative_strength": -11.933258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.673589, "energy": 65.009175, "activity_lines": [ 88.467335, 90.318365, 92.129788, 93.257654 ] }, { "date": "2025-12-12", "close": 85.790001, "volume": 4374613, "typical_volume": 5470917.8, "trend": 94.462952, "fair_value": 91.565024, "relative_strength": -13.82716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.881595, "energy": 69.938727, "activity_lines": [ 87.247335, 89.252546, 91.431516, 92.67714 ] }, { "date": "2025-12-19", "close": 85.900002, "volume": 4440660, "typical_volume": 5221825.8, "trend": 94.131423, "fair_value": 91.76018, "relative_strength": -12.794321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.523798, "energy": 64.618412, "activity_lines": [ 86.518668, 88.382001, 90.798541, 92.124691 ] }, { "date": "2025-12-26", "close": 87.739998, "volume": 3756675, "typical_volume": 5028197.7, "trend": 93.831375, "fair_value": 91.854793, "relative_strength": -10.562239, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.967603, "energy": 42.012231, "activity_lines": [ 86.822667, 87.981455, 90.374012, 91.712341 ] }, { "date": "2026-01-02", "close": 91.660004, "volume": 12181740, "typical_volume": 5431748.75, "trend": 93.335259, "fair_value": 91.999062, "relative_strength": -6.887783, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.140983, "energy": 28.035253, "activity_lines": [ 88.489335, 88.394547, 90.340984, 91.572253 ] }, { "date": "2026-01-09", "close": 83.970001, "volume": 5567570, "typical_volume": 4963000.95, "trend": 92.81113, "fair_value": 92.101605, "relative_strength": -11.926673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.407453, "energy": 36.409478, "activity_lines": [ 87.153335, 87.447456, 89.569169, 90.968043 ] }, { "date": "2026-01-16", "close": 82.739998, "volume": 3063245, "typical_volume": 4875102.6, "trend": 92.342775, "fair_value": 92.199594, "relative_strength": -12.591341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.489196, "energy": 40.82896, "activity_lines": [ 85.729334, 86.449092, 88.740512, 90.318292 ] }, { "date": "2026-01-23", "close": 78.599998, "volume": 3401035, "typical_volume": 4427345.9, "trend": 91.652768, "fair_value": 92.316768, "relative_strength": -14.201821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.976806, "energy": 58.856499, "activity_lines": [ 83.128666, 84.877455, 87.574823, 89.431661 ] }, { "date": "2026-01-30", "close": 82.769997, "volume": 3952263, "typical_volume": 4407577.25, "trend": 91.138503, "fair_value": 92.48217, "relative_strength": -10.040958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.848326, "energy": 63.28979, "activity_lines": [ 82.404665, 84.31109, 86.895524, 88.858579 ] }, { "date": "2026-02-06", "close": 78.489998, "volume": 3329342, "typical_volume": 4244965.5, "trend": 90.56063, "fair_value": 92.639213, "relative_strength": -15.388111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.419356, "energy": 69.785737, "activity_lines": [ 80.585331, 83.072181, 85.871762, 88.042547 ] }, { "date": "2026-02-13", "close": 78.139999, "volume": 2939701, "typical_volume": 4165448.5, "trend": 89.941238, "fair_value": 92.751924, "relative_strength": -14.751053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.27532, "energy": 66.849449, "activity_lines": [ 79.527331, 81.889272, 84.902, 87.241216 ] }, { "date": "2026-02-20", "close": 79.110001, "volume": 28871846, "typical_volume": 5437264.15, "trend": 89.334825, "fair_value": 92.877514, "relative_strength": -13.736084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.303305, "energy": 47.766286, "activity_lines": [ 79.181332, 81.076545, 84.091905, 86.542426 ] }, { "date": "2026-02-27", "close": 77.32, "volume": 2857999, "typical_volume": 5456687.2, "trend": 88.816367, "fair_value": 92.991933, "relative_strength": -14.188004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.379565, "energy": 53.908867, "activity_lines": [ 78.480666, 80.059817, 83.189047, 85.767276 ] }, { "date": "2026-03-06", "close": 72.550003, "volume": 3480771, "typical_volume": 5415117.25, "trend": 88.182868, "fair_value": 93.003103, "relative_strength": -16.783634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.2569, "energy": 63.910687, "activity_lines": [ 76.275334, 78.331818, 81.908238, 84.717833 ] }, { "date": "2026-03-13", "close": 71.199997, "volume": 64533533, "typical_volume": 8563991.65, "trend": 87.545703, "fair_value": 93.016217, "relative_strength": -13.592927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.229014, "energy": 65.621358, "activity_lines": [ 74.301333, 76.634545, 80.597619, 83.622164 ] }, { "date": "2026-03-20", "close": 69.389999, "volume": 10531545, "typical_volume": 8849216.45, "trend": 86.637597, "fair_value": 93.020454, "relative_strength": -15.408396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.758237, "energy": 76.342214, "activity_lines": [ 72.21, 74.980181, 79.222, 82.450829 ] }, { "date": "2026-03-27", "close": 68.110001, "volume": 7471773, "typical_volume": 9086164.55, "trend": 85.749153, "fair_value": 93.018303, "relative_strength": -15.722835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.044775, "energy": 78.831857, "activity_lines": [ 70.275333, 73.358182, 77.839047, 81.2555 ] }, { "date": "2026-04-03", "close": 69.360001, "volume": 5426566, "typical_volume": 9189258.3, "trend": 84.816428, "fair_value": 93.007813, "relative_strength": -13.622578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.870668, "energy": 68.490454, "activity_lines": [ 69.490667, 72.229455, 76.691809, 80.198135 ] }, { "date": "2026-04-10", "close": 75.480003, "volume": 17216526, "typical_volume": 9878134.35, "trend": 84.131333, "fair_value": 92.975086, "relative_strength": -11.114256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.129175, "energy": 49.190324, "activity_lines": [ 71.276668, 72.381455, 76.236143, 79.595785 ] }, { "date": "2026-04-17", "close": 77.410004, "volume": 8487696, "typical_volume": 10153196.9, "trend": 83.484, "fair_value": 93.011052, "relative_strength": -9.806335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.767656, "energy": 32.098662, "activity_lines": [ 73.510669, 73.01691, 76.026667, 79.162151 ] }, { "date": "2026-04-24", "close": 75.760002, "volume": 6654605, "typical_volume": 10126985.2, "trend": 82.933667, "fair_value": 93.01918, "relative_strength": -9.899569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.912806, "energy": 21.170955, "activity_lines": [ 74.780669, 73.372002, 75.696524, 78.663829 ] }, { "date": "2026-05-01", "close": 77.910004, "volume": 4774340, "typical_volume": 10146971.55, "trend": 82.349667, "fair_value": 93.011417, "relative_strength": -7.643042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.201202, "energy": 24.136247, "activity_lines": [ 76.34267, 74.161275, 75.633239, 78.339721 ] }, { "date": "2026-05-08", "close": 78.629997, "volume": 5463525, "typical_volume": 10198114.8, "trend": 81.859, "fair_value": 93.045816, "relative_strength": -7.436632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.456894, "energy": 21.111485, "activity_lines": [ 77.491335, 75.103274, 75.676048, 78.099742 ] }, { "date": "2026-05-15", "close": 74.389999, "volume": 4558479, "typical_volume": 10238205.0, "trend": 81.229, "fair_value": 93.108145, "relative_strength": -10.124409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.35561, "energy": 18.223304, "activity_lines": [ 76.608667, 75.250546, 75.349667, 77.617871 ] }, { "date": "2026-05-22", "close": 76.370003, "volume": 5744094, "typical_volume": 9916322.7, "trend": 80.649667, "fair_value": 93.174082, "relative_strength": -7.704259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.189353, "energy": 12.221188, "activity_lines": [ 76.458667, 75.724365, 75.275429, 77.304388 ] }, { "date": "2026-05-29", "close": 76.0, "volume": 6038128, "typical_volume": 9939850.6, "trend": 80.068001, "fair_value": 93.248851, "relative_strength": -7.133577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.885978, "energy": 9.074128, "activity_lines": [ 76.254667, 76.03691, 75.238763, 77.004409 ] }, { "date": "2026-06-05", "close": 73.839996, "volume": 990113, "typical_volume": 9836194.0, "trend": 79.442334, "fair_value": 93.28805, "relative_strength": -8.516415, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.854562, "energy": 20.438085, "activity_lines": [ 75.314666, 75.836546, 75.034334, 76.602602 ] }, { "date": "2026-06-12", "close": 75.040001, "volume": 1290006, "typical_volume": 9730642.55, "trend": 78.870667, "fair_value": 93.333393, "relative_strength": -7.597332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.45761, "energy": 17.987939, "activity_lines": [ 75.046, 75.750182, 74.986572, 76.318581 ] }, { "date": "2026-06-19", "close": 77.860001, "volume": 2436000, "typical_volume": 9654829.4, "trend": 78.513334, "fair_value": 93.398671, "relative_strength": -5.358808, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.916135, "energy": 11.042663, "activity_lines": [ 75.956667, 76.073273, 75.224334, 76.253377 ] }, { "date": "2026-06-26", "close": 75.18, "volume": 0, "typical_volume": 9488362.3, "trend": 78.183667, "fair_value": 93.446459, "relative_strength": -8.394785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.286084, "energy": 14.760967, "activity_lines": [ 75.742667, 75.865818, 75.230239, 76.038323 ] }, { "date": "2026-07-03", "close": 75.629997, "volume": 1206085, "typical_volume": 9401681.5, "trend": 77.744667, "fair_value": 93.482279, "relative_strength": -8.279269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.56246, "energy": 11.090178, "activity_lines": [ 75.757999, 75.780727, 75.294762, 75.87357 ] }, { "date": "2026-07-10", "close": 73.75, "volume": 3497286, "typical_volume": 8132953.5, "trend": 77.343333, "fair_value": 93.514712, "relative_strength": -9.933687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.511646, "energy": 16.905746, "activity_lines": [ 75.171333, 75.356181, 75.192191, 75.61585 ] }, { "date": "2026-07-17", "close": 72.559998, "volume": 3287074, "typical_volume": 8154407.25, "trend": 76.898667, "fair_value": 93.541374, "relative_strength": -11.401616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.658663, "energy": 38.309144, "activity_lines": [ 74.193999, 74.790908, 75.001809, 75.307247 ] }, { "date": "2026-07-24", "close": 70.309998, "volume": 2052784, "typical_volume": 8083007.9, "trend": 76.317667, "fair_value": 93.554231, "relative_strength": -11.616891, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.050332, "energy": 60.983948, "activity_lines": [ 72.631998, 73.926908, 74.619809, 74.882172 ] }, { "date": "2026-07-31", "close": 71.470001, "volume": 2082793, "typical_volume": 4960470.9, "trend": 75.644667, "fair_value": 93.578856, "relative_strength": -11.99934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.475571, "energy": 64.576152, "activity_lines": [ 71.959999, 73.347999, 74.358952, 74.569419 ] }, { "date": "2026-08-07", "close": 71.910004, "volume": 2080831, "typical_volume": 4537935.2, "trend": 75.242667, "fair_value": 93.624558, "relative_strength": -11.707873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.736116, "energy": 63.279724, "activity_lines": [ 71.682001, 72.938182, 74.138714, 74.328473 ] } ], "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." } } }