{ "ticker": { "uuid": "04cbf6bf-9a3f-4bce-b6c0-6c294a6fea81", "symbol": "3708", "name": "Swancor Holding Co., LTD.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.447, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -60.102, "architecture_energy": 56.65, "architecture_maturity": 12.391, "architecture_confidence": 90.805, "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": 21.25, "rotation_up": 12.85, "upward_expansion": 11.32, "deceleration": 40.36, "rotation_down": 66.69, "downward_expansion": 86.98 }, "activity_lines": [ 97.153334, 100.091456, 104.972396, 107.171586 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 100.5, "trend_reference": 109.225413, "distance_from_trend": -0.079884, "trend_direction": "Weakening", "fair_value": 98.293116, "distance_from_fair_value": 0.022452, "fair_value_direction": "Weakening", "relative_strength": -35.810271, "relative_strength_direction": "Weakening", "price_momentum": -0.013735, "excess_performance": -0.455107, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.079884, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003034, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.022452, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.09249, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.358103, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.052559, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.013735, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.492201, "read": "Supply-led" } ], "volume": { "latest": 4318101, "relative_activity": 0.921899, "balance": 0.492201, "dry_up": 0.567238, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.103836, "annualized_volatility": 0.442942, "from_high_reference": -0.315006, "from_low_reference": 0.174065 }, "levels": { "trend_reference": 109.225413, "fair_value_reference": 98.293116, "structural_low": 85.599998, "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": 25, "median_return": -0.016304, "positive_rate": 0.48, "directional_follow_through": 0.52, "median_excess_return": -0.007986, "regime_survival": 0.76, "best_return": 0.274617, "worst_return": -0.191566, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.045409, "positive_rate": 0.222222, "directional_follow_through": 0.777778, "median_excess_return": -0.056263, "regime_survival": 0.444444, "best_return": 0.422414, "worst_return": -0.229787, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.053727, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.038248, "regime_survival": 0.333333, "best_return": 0.741801, "worst_return": -0.325958, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.045986, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.110356, "regime_survival": 0.25, "best_return": 0.287621, "worst_return": -0.028849, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-01-19", "tenure": "Developing", "return": -0.021852, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-26", "end": "2024-02-16", "tenure": "New", "return": 0.142264, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-23", "end": "2024-06-07", "tenure": "Established", "return": 0.372727, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-06-28", "tenure": "New", "return": -0.021277, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-08-09", "tenure": "Developing", "return": -0.261438, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-09-13", "tenure": "Developing", "return": 0.058559, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2025-06-06", "tenure": "Extended", "return": -0.282553, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": -0.056343, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.251384, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-19", "tenure": "Developing", "return": -0.060729, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-12-12", "tenure": "Developing", "return": -0.220974, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.050459, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-07-24", "tenure": "Extended", "return": -0.049447, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.09358, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 80.360977, "volume": 4644552, "typical_volume": 3801899.85, "trend": 82.665843, "fair_value": 91.631543, "relative_strength": -9.016096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.77597, "energy": 35.106001, "activity_lines": [ 78.65502, 78.851176, 79.728587, 81.06551 ] }, { "date": "2023-08-18", "close": 80.448608, "volume": 2542240, "typical_volume": 3826580.25, "trend": 82.621063, "fair_value": 91.615092, "relative_strength": -7.449186, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.024558, "energy": 21.122963, "activity_lines": [ 79.379466, 79.081988, 79.665813, 80.922462 ] }, { "date": "2023-08-25", "close": 80.623878, "volume": 2311812, "typical_volume": 3860447.95, "trend": 82.501937, "fair_value": 91.604832, "relative_strength": -7.584023, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.876244, "energy": 18.667931, "activity_lines": [ 80.010436, 79.338929, 79.641535, 80.793612 ] }, { "date": "2023-09-01", "close": 81.149681, "volume": 2157660, "typical_volume": 3483099.8, "trend": 82.275907, "fair_value": 91.627338, "relative_strength": -7.626279, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.149207, "energy": 14.459485, "activity_lines": [ 80.594665, 79.688577, 79.688302, 80.706369 ] }, { "date": "2023-09-08", "close": 78.871185, "volume": 1429122, "typical_volume": 2968320.2, "trend": 82.098358, "fair_value": 91.580504, "relative_strength": -9.643072, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.397116, "energy": 14.023379, "activity_lines": [ 80.138965, 79.600942, 79.554309, 80.48671 ] }, { "date": "2023-09-15", "close": 82.464203, "volume": 3997254, "typical_volume": 2959376.55, "trend": 81.916146, "fair_value": 91.452806, "relative_strength": -7.355813, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.740253, "energy": 8.247165, "activity_lines": [ 80.863411, 80.192077, 79.793797, 80.510313 ] }, { "date": "2023-09-22", "close": 79.309357, "volume": 1841388, "typical_volume": 2944977.95, "trend": 81.531993, "fair_value": 91.160444, "relative_strength": -7.699662, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.792276, "energy": 9.78297, "activity_lines": [ 80.396026, 80.158616, 79.739104, 80.342133 ] }, { "date": "2023-09-29", "close": 79.835167, "volume": 1078306, "typical_volume": 2692858.7, "trend": 81.262147, "fair_value": 90.891726, "relative_strength": -6.819617, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.335011, "energy": 11.01902, "activity_lines": [ 80.179862, 80.200044, 79.763691, 80.23266 ] }, { "date": "2023-10-06", "close": 80.273346, "volume": 1481440, "typical_volume": 2648860.6, "trend": 81.172813, "fair_value": 90.620748, "relative_strength": -6.929957, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.201779, "energy": 11.333173, "activity_lines": [ 80.162337, 80.274933, 79.826291, 80.168867 ] }, { "date": "2023-10-13", "close": 79.922798, "volume": 2843345, "typical_volume": 2582881.35, "trend": 81.030317, "fair_value": 90.413408, "relative_strength": -8.373595, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.512801, "energy": 13.252192, "activity_lines": [ 80.086386, 80.225539, 79.849308, 80.088221 ] }, { "date": "2023-10-20", "close": 77.64431, "volume": 2706058, "typical_volume": 2417034.35, "trend": 80.75657, "fair_value": 90.176258, "relative_strength": -8.835217, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.01463, "energy": 21.796973, "activity_lines": [ 79.180831, 79.737973, 79.656326, 79.869769 ] }, { "date": "2023-10-27", "close": 76.417419, "volume": 1587305, "typical_volume": 2327659.6, "trend": 80.469577, "fair_value": 89.855222, "relative_strength": -8.200612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.430226, "energy": 42.706777, "activity_lines": [ 78.187639, 79.076731, 79.351633, 79.589823 ] }, { "date": "2023-11-03", "close": 77.293755, "volume": 1165181, "typical_volume": 2233931.05, "trend": 80.211796, "fair_value": 89.509396, "relative_strength": -8.833615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.105086, "energy": 46.359119, "activity_lines": [ 77.679355, 78.648116, 79.148094, 79.384932 ] }, { "date": "2023-11-10", "close": 83.252922, "volume": 6175922, "typical_volume": 2492916.55, "trend": 80.028223, "fair_value": 89.227109, "relative_strength": -2.564823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.967039, "energy": 13.323702, "activity_lines": [ 79.326887, 79.363534, 79.527194, 79.581133 ] }, { "date": "2023-11-17", "close": 84.917984, "volume": 5946846, "typical_volume": 2574684.75, "trend": 80.010757, "fair_value": 88.970701, "relative_strength": -3.531563, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.571737, "energy": 29.979335, "activity_lines": [ 81.330801, 80.34345, 80.048829, 79.896602 ] }, { "date": "2023-11-24", "close": 84.129272, "volume": 3299200, "typical_volume": 2636784.7, "trend": 80.022303, "fair_value": 88.66109, "relative_strength": -4.728111, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.729367, "energy": 54.820654, "activity_lines": [ 82.738799, 81.070022, 80.473232, 80.162312 ] }, { "date": "2023-12-01", "close": 84.216904, "volume": 2523102, "typical_volume": 2657230.3, "trend": 79.981467, "fair_value": 88.349506, "relative_strength": -5.248837, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.114351, "energy": 63.55135, "activity_lines": [ 83.743677, 81.782253, 80.884698, 80.432932 ] }, { "date": "2023-12-08", "close": 86.232498, "volume": 13835084, "typical_volume": 3249664.9, "trend": 80.220732, "fair_value": 88.091388, "relative_strength": -2.392505, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.801121, "energy": 71.790141, "activity_lines": [ 84.900454, 82.771728, 81.459331, 80.836224 ] }, { "date": "2023-12-15", "close": 87.02121, "volume": 3978380, "typical_volume": 3355774.9, "trend": 80.489052, "fair_value": 87.790178, "relative_strength": -2.940958, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.964541, "energy": 74.388449, "activity_lines": [ 85.724219, 83.78829, 82.066514, 81.274965 ] }, { "date": "2023-12-22", "close": 85.706696, "volume": 2302420, "typical_volume": 3392330.85, "trend": 80.674844, "fair_value": 87.518553, "relative_strength": -3.768903, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.990845, "energy": 67.910005, "activity_lines": [ 85.858593, 84.44316, 82.500515, 81.611587 ] }, { "date": "2023-12-29", "close": 86.144875, "volume": 2258319, "typical_volume": 3273019.2, "trend": 80.922249, "fair_value": 87.287748, "relative_strength": -4.828501, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.717247, "energy": 59.873675, "activity_lines": [ 86.086446, 85.072538, 82.942445, 81.964492 ] }, { "date": "2024-01-05", "close": 86.758308, "volume": 4086266, "typical_volume": 3350220.5, "trend": 81.143094, "fair_value": 87.106487, "relative_strength": -1.654488, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.672845, "energy": 49.853676, "activity_lines": [ 86.384403, 85.658893, 83.415255, 82.341012 ] }, { "date": "2024-01-12", "close": 82.376572, "volume": 2502720, "typical_volume": 3359765.9, "trend": 81.206821, "fair_value": 86.879399, "relative_strength": -6.26762, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.145536, "energy": 28.690724, "activity_lines": [ 85.052355, 85.260553, 83.440711, 82.420591 ] }, { "date": "2024-01-19", "close": 82.376572, "volume": 2329667, "typical_volume": 3368366.25, "trend": 81.289904, "fair_value": 86.634574, "relative_strength": -6.855404, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.101317, "energy": 17.857205, "activity_lines": [ 83.977368, 84.769798, 83.45782, 82.496059 ] }, { "date": "2024-01-26", "close": 84.392174, "volume": 2397117, "typical_volume": 3416766.0, "trend": 81.427198, "fair_value": 86.412805, "relative_strength": -5.895574, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.816647, "energy": 17.545153, "activity_lines": [ 83.883891, 84.66145, 83.661049, 82.696206 ] }, { "date": "2024-02-02", "close": 85.881966, "volume": 2764472, "typical_volume": 3355126.9, "trend": 81.6346, "fair_value": 86.281676, "relative_strength": -4.253256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.199872, "energy": 20.680041, "activity_lines": [ 84.374646, 84.833534, 83.979873, 82.98361 ] }, { "date": "2024-02-09", "close": 84.917984, "volume": 369502, "typical_volume": 3281532.6, "trend": 81.859529, "fair_value": 86.131696, "relative_strength": -5.256841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.660103, "energy": 17.419605, "activity_lines": [ 84.561601, 84.79848, 84.190614, 83.195441 ] }, { "date": "2024-02-16", "close": 96.398117, "volume": 7054833, "typical_volume": 3580358.95, "trend": 82.496341, "fair_value": 86.047706, "relative_strength": 4.800233, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 82.564731, "energy": 70.756162, "activity_lines": [ 88.697956, 86.837977, 85.467993, 84.133414 ] }, { "date": "2024-02-23", "close": 96.398117, "volume": 16199490, "typical_volume": 4316261.45, "trend": 83.144838, "fair_value": 85.958647, "relative_strength": 3.540287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.515806, "energy": 81.634873, "activity_lines": [ 91.899541, 88.692644, 86.666501, 85.030303 ] }, { "date": "2024-03-01", "close": 102.532547, "volume": 27751934, "typical_volume": 5561690.9, "trend": 83.942313, "fair_value": 85.858231, "relative_strength": 9.951257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.062386, "energy": 88.976853, "activity_lines": [ 96.211166, 91.492173, 88.372455, 86.281123 ] }, { "date": "2024-03-08", "close": 97.712646, "volume": 16583332, "typical_volume": 6255554.6, "trend": 84.520702, "fair_value": 85.729452, "relative_strength": 0.442782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.027319, "energy": 83.069568, "activity_lines": [ 97.706799, 93.109432, 89.511706, 87.169532 ] }, { "date": "2024-03-15", "close": 90.263695, "volume": 9152642, "typical_volume": 6633821.45, "trend": 84.847872, "fair_value": 85.570661, "relative_strength": -6.413829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.05203, "energy": 65.307157, "activity_lines": [ 95.930737, 93.162012, 89.84597, 87.540047 ] }, { "date": "2024-03-22", "close": 111.734184, "volume": 27103416, "typical_volume": 7930733.2, "trend": 85.884882, "fair_value": 85.569774, "relative_strength": 12.663499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.654726, "energy": 68.804043, "activity_lines": [ 100.955123, 97.054584, 92.159108, 89.274648 ] }, { "date": "2024-03-29", "close": 112.172363, "volume": 51227198, "typical_volume": 10183297.0, "trend": 86.918972, "fair_value": 85.584367, "relative_strength": 12.662761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.220548, "energy": 64.130117, "activity_lines": [ 105.103165, 100.49305, 94.349974, 90.970615 ] }, { "date": "2024-04-05", "close": 109.54332, "volume": 12081174, "typical_volume": 10490013.4, "trend": 87.941376, "fair_value": 85.59731, "relative_strength": 9.781396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.74509, "energy": 61.015291, "activity_lines": [ 107.323243, 102.911767, 96.152744, 92.43025 ] }, { "date": "2024-04-12", "close": 109.981491, "volume": 15636322, "typical_volume": 11106869.5, "trend": 88.858619, "fair_value": 85.597858, "relative_strength": 8.213697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.59104, "energy": 76.51249, "activity_lines": [ 109.221992, 104.952857, 97.879982, 93.852193 ] }, { "date": "2024-04-19", "close": 127.070251, "volume": 68054159, "typical_volume": 14383422.35, "trend": 90.450649, "fair_value": 85.695279, "relative_strength": 32.236491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.199507, "energy": 81.127566, "activity_lines": [ 115.999073, 109.662822, 101.111614, 96.31746 ] }, { "date": "2024-04-26", "close": 130.575653, "volume": 66256691, "typical_volume": 17004502.7, "trend": 92.141998, "fair_value": 85.812637, "relative_strength": 31.30643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.930448, "energy": 79.680136, "activity_lines": [ 121.49085, 114.243727, 104.47303, 98.90617 ] }, { "date": "2024-05-03", "close": 129.261124, "volume": 21756801, "typical_volume": 17893423.75, "trend": 93.774924, "fair_value": 85.946909, "relative_strength": 28.199075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.989699, "energy": 77.382266, "activity_lines": [ 125.288352, 117.964217, 107.498096, 101.300952 ] }, { "date": "2024-05-10", "close": 133.642853, "volume": 34736521, "typical_volume": 19515128.8, "trend": 95.565593, "fair_value": 86.07886, "relative_strength": 29.442575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.717517, "energy": 72.941586, "activity_lines": [ 129.407181, 121.883877, 110.739326, 103.873076 ] }, { "date": "2024-05-17", "close": 128.384766, "volume": 16650582, "typical_volume": 20234741.95, "trend": 97.256941, "fair_value": 86.187242, "relative_strength": 20.596568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.824536, "energy": 60.293059, "activity_lines": [ 130.166678, 124.281878, 113.251519, 105.990442 ] }, { "date": "2024-05-24", "close": 122.250343, "volume": 18347443, "typical_volume": 20947800.8, "trend": 98.784705, "fair_value": 86.38807, "relative_strength": 12.847562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.00298, "energy": 51.846734, "activity_lines": [ 127.654483, 125.006855, 114.978339, 107.60292 ] }, { "date": "2024-05-31", "close": 112.172363, "volume": 8863350, "typical_volume": 21265832.3, "trend": 99.947326, "fair_value": 86.521762, "relative_strength": 5.221458, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.482747, "energy": 35.674539, "activity_lines": [ 122.104288, 123.317896, 115.576341, 108.46664 ] }, { "date": "2024-06-07", "close": 132.328323, "volume": 34604882, "typical_volume": 22879593.05, "trend": 101.583172, "fair_value": 86.771988, "relative_strength": 19.645271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.837229, "energy": 35.023771, "activity_lines": [ 124.499632, 125.285691, 117.952074, 110.555736 ] }, { "date": "2024-06-14", "close": 123.564865, "volume": 8992515, "typical_volume": 23209362.95, "trend": 102.871402, "fair_value": 86.983777, "relative_strength": 8.169186, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.634863, "energy": 25.842491, "activity_lines": [ 123.769344, 125.293658, 119.255327, 111.97391 ] }, { "date": "2024-06-21", "close": 128.822937, "volume": 21305831, "typical_volume": 24136430.9, "trend": 104.361191, "fair_value": 87.219135, "relative_strength": 8.771981, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.290755, "energy": 29.580111, "activity_lines": [ 125.463612, 126.0027, 120.872812, 113.648203 ] }, { "date": "2024-06-28", "close": 120.935822, "volume": 16504990, "typical_volume": 24943205.3, "trend": 105.585155, "fair_value": 87.393799, "relative_strength": 2.896623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.21516, "energy": 29.140273, "activity_lines": [ 124.499631, 124.93515, 121.534662, 114.717534 ] }, { "date": "2024-07-05", "close": 139.700363, "volume": 27778746, "typical_volume": 25979400.95, "trend": 107.367417, "fair_value": 87.67101, "relative_strength": 15.714914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.456099, "energy": 40.541256, "activity_lines": [ 129.878131, 127.39087, 123.812097, 116.918515 ] }, { "date": "2024-07-12", "close": 129.200012, "volume": 29393094, "typical_volume": 26639081.15, "trend": 108.773377, "fair_value": 87.880911, "relative_strength": 5.058413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.998575, "energy": 34.130998, "activity_lines": [ 129.921314, 127.771531, 124.883298, 118.327069 ] }, { "date": "2024-07-19", "close": 117.786583, "volume": 19824532, "typical_volume": 26242711.05, "trend": 109.842706, "fair_value": 88.065795, "relative_strength": -0.063389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.16938, "energy": 24.792272, "activity_lines": [ 126.368576, 126.078134, 124.711306, 118.908567 ] }, { "date": "2024-07-26", "close": 109.112373, "volume": 10041419, "typical_volume": 25915615.4, "trend": 110.60829, "fair_value": 88.205212, "relative_strength": -4.456221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 3.681538, "energy": 4.328135, "activity_lines": [ 120.309652, 123.095904, 123.640561, 118.861448 ] }, { "date": "2024-08-02", "close": 102.26432, "volume": 10069305, "typical_volume": 25961448.55, "trend": 111.125157, "fair_value": 88.298197, "relative_strength": -8.481791, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -11.703663, "energy": 21.564715, "activity_lines": [ 113.282082, 119.218981, 121.863336, 118.323128 ] }, { "date": "2024-08-09", "close": 103.177391, "volume": 11262853, "typical_volume": 25169420.4, "trend": 111.818517, "fair_value": 88.432511, "relative_strength": -6.925379, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -27.451786, "energy": 38.473715, "activity_lines": [ 107.803635, 115.871453, 120.115924, 117.810369 ] }, { "date": "2024-08-16", "close": 101.351242, "volume": 7011789, "typical_volume": 22958649.95, "trend": 112.451006, "fair_value": 88.55512, "relative_strength": -12.050793, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.026948, "energy": 53.269478, "activity_lines": [ 104.151338, 112.355442, 118.23534, 117.13506 ] }, { "date": "2024-08-23", "close": 99.525093, "volume": 6451733, "typical_volume": 22677177.9, "trend": 112.955437, "fair_value": 88.720871, "relative_strength": -12.759722, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.548396, "energy": 60.315742, "activity_lines": [ 101.746908, 109.070624, 116.232366, 116.301131 ] }, { "date": "2024-08-30", "close": 102.720856, "volume": 3830639, "typical_volume": 22086893.75, "trend": 113.516733, "fair_value": 88.9402, "relative_strength": -10.315464, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.582945, "energy": 53.175357, "activity_lines": [ 101.625165, 106.803941, 114.581456, 115.640835 ] }, { "date": "2024-09-06", "close": 96.785873, "volume": 5308817, "typical_volume": 18949626.65, "trend": 113.91233, "fair_value": 89.083664, "relative_strength": -12.133953, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.200735, "energy": 53.391522, "activity_lines": [ 99.951196, 103.932754, 112.399885, 114.561425 ] }, { "date": "2024-09-13", "close": 107.286232, "volume": 13287036, "typical_volume": 16301143.9, "trend": 114.275267, "fair_value": 89.28761, "relative_strength": -4.0741, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.530214, "energy": 39.831294, "activity_lines": [ 102.142577, 103.409812, 111.362558, 114.133935 ] }, { "date": "2024-09-20", "close": 107.286232, "volume": 6984415, "typical_volume": 15562524.6, "trend": 114.638204, "fair_value": 89.495232, "relative_strength": -5.800855, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.434836, "energy": 30.238038, "activity_lines": [ 104.060034, 103.476218, 110.436134, 113.683029 ] }, { "date": "2024-09-27", "close": 110.025452, "volume": 6570126, "typical_volume": 14154204.85, "trend": 114.887967, "fair_value": 89.754032, "relative_strength": -6.182299, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.476501, "energy": 23.60864, "activity_lines": [ 106.494899, 104.439097, 109.87523, 113.385432 ] }, { "date": "2024-10-04", "close": 110.938522, "volume": 14314028, "typical_volume": 14037377.15, "trend": 115.32883, "fair_value": 90.001351, "relative_strength": -3.239562, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.841229, "energy": 21.813218, "activity_lines": [ 108.534097, 105.7091, 109.513749, 113.130629 ] }, { "date": "2024-10-11", "close": 101.807777, "volume": 7711997, "typical_volume": 13505604.85, "trend": 115.713633, "fair_value": 90.107669, "relative_strength": -13.423012, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.99967, "energy": 21.944502, "activity_lines": [ 106.981868, 105.285764, 108.365751, 112.258303 ] }, { "date": "2024-10-18", "close": 103.177391, "volume": 3650032, "typical_volume": 13244938.95, "trend": 115.428406, "fair_value": 90.157107, "relative_strength": -14.34024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.559775, "energy": 21.481122, "activity_lines": [ 105.551384, 105.119751, 107.445538, 111.449513 ] }, { "date": "2024-10-25", "close": 99.068558, "volume": 3592009, "typical_volume": 11694295.3, "trend": 114.991613, "fair_value": 90.237987, "relative_strength": -17.10915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.833463, "energy": 35.667655, "activity_lines": [ 103.025212, 104.206676, 106.17684, 110.394039 ] }, { "date": "2024-11-01", "close": 99.525093, "volume": 2938248, "typical_volume": 11391581.95, "trend": 114.657672, "fair_value": 90.369069, "relative_strength": -14.548894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.717171, "energy": 47.638398, "activity_lines": [ 101.199063, 103.418112, 105.110002, 109.396199 ] }, { "date": "2024-11-08", "close": 90.485657, "volume": 5487589, "typical_volume": 10600669.85, "trend": 114.007811, "fair_value": 90.43065, "relative_strength": -24.536321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.252915, "energy": 71.547381, "activity_lines": [ 97.059793, 100.986013, 103.29674, 107.836715 ] }, { "date": "2024-11-15", "close": 94.046646, "volume": 3590352, "typical_volume": 9954937.95, "trend": 112.907024, "fair_value": 90.52924, "relative_strength": -18.523166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.35165, "energy": 70.636212, "activity_lines": [ 95.471043, 99.423825, 102.005178, 106.548898 ] }, { "date": "2024-11-22", "close": 93.590118, "volume": 1764069, "typical_volume": 8654204.1, "trend": 111.674173, "fair_value": 90.630157, "relative_strength": -19.251805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.694429, "energy": 69.459885, "activity_lines": [ 94.247526, 97.828437, 100.798182, 105.302646 ] }, { "date": "2024-11-29", "close": 86.742058, "volume": 6762793, "typical_volume": 7522689.05, "trend": 110.25687, "fair_value": 90.702935, "relative_strength": -22.728605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.479044, "energy": 73.994479, "activity_lines": [ 91.380474, 95.236966, 99.158561, 103.694122 ] }, { "date": "2024-12-06", "close": 89.116051, "volume": 2520449, "typical_volume": 6657484.9, "trend": 108.772644, "fair_value": 90.809315, "relative_strength": -23.473321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.615925, "energy": 63.982883, "activity_lines": [ 90.126519, 93.450662, 97.947216, 102.330198 ] }, { "date": "2024-12-13", "close": 83.637604, "volume": 3142345, "typical_volume": 6312531.2, "trend": 107.281072, "fair_value": 90.866394, "relative_strength": -27.279287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.399599, "energy": 76.107726, "activity_lines": [ 87.740352, 91.048446, 96.350641, 100.708583 ] }, { "date": "2024-12-20", "close": 82.633224, "volume": 1795370, "typical_volume": 5898834.45, "trend": 105.960501, "fair_value": 90.932268, "relative_strength": -26.183154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.167811, "energy": 80.120629, "activity_lines": [ 85.475928, 88.959997, 94.779719, 99.118399 ] }, { "date": "2024-12-27", "close": 81.263611, "volume": 1993396, "typical_volume": 5435361.6, "trend": 104.930209, "fair_value": 90.93736, "relative_strength": -29.435631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.486716, "energy": 80.255604, "activity_lines": [ 83.515862, 86.971155, 93.171838, 97.525051 ] }, { "date": "2025-01-03", "close": 80.53315, "volume": 1643363, "typical_volume": 5166940.3, "trend": 103.203704, "fair_value": 90.968761, "relative_strength": -28.549455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.59557, "energy": 83.088988, "activity_lines": [ 82.134075, 85.247935, 91.598742, 95.951047 ] }, { "date": "2025-01-10", "close": 77.611313, "volume": 3610111, "typical_volume": 5024859.2, "trend": 101.671918, "fair_value": 90.975129, "relative_strength": -31.093133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.563301, "energy": 88.003272, "activity_lines": [ 80.19227, 83.330479, 89.846509, 94.299925 ] }, { "date": "2025-01-17", "close": 77.702621, "volume": 2038431, "typical_volume": 4935248.8, "trend": 99.967908, "fair_value": 90.995214, "relative_strength": -31.065361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.735145, "energy": 83.685983, "activity_lines": [ 79.047884, 81.828057, 88.207323, 92.753519 ] }, { "date": "2025-01-24", "close": 78.433083, "volume": 590222, "typical_volume": 4699319.05, "trend": 98.55115, "fair_value": 91.010526, "relative_strength": -31.164816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.576869, "energy": 80.197787, "activity_lines": [ 78.54265, 80.690865, 86.756839, 91.364176 ] }, { "date": "2025-02-07", "close": 76.333008, "volume": 1620114, "typical_volume": 4115972.95, "trend": 96.438905, "fair_value": 91.022357, "relative_strength": -32.470085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.676731, "energy": 76.164024, "activity_lines": [ 77.617401, 79.455724, 85.193743, 89.930747 ] }, { "date": "2025-02-14", "close": 79.437462, "volume": 1763708, "typical_volume": 3854937.6, "trend": 94.780153, "fair_value": 91.069322, "relative_strength": -28.374221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.641388, "energy": 61.612416, "activity_lines": [ 78.055676, 79.098795, 84.073705, 88.83388 ] }, { "date": "2025-02-21", "close": 80.807076, "volume": 2381596, "typical_volume": 3645511.1, "trend": 93.547503, "fair_value": 91.089347, "relative_strength": -28.402542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.181751, "energy": 53.798431, "activity_lines": [ 79.023536, 79.123697, 83.21672, 87.932391 ] }, { "date": "2025-02-28", "close": 78.980919, "volume": 1444339, "typical_volume": 3002026.65, "trend": 92.543121, "fair_value": 91.100292, "relative_strength": -27.473399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.351313, "energy": 46.253518, "activity_lines": [ 79.169626, 78.967643, 82.32495, 86.992611 ] }, { "date": "2025-03-07", "close": 77.702621, "volume": 1939078, "typical_volume": 2713380.7, "trend": 91.724398, "fair_value": 91.115649, "relative_strength": -26.549375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.299062, "energy": 47.335593, "activity_lines": [ 78.804396, 78.663839, 81.463617, 86.03516 ] }, { "date": "2025-03-14", "close": 75.785164, "volume": 1986080, "typical_volume": 2630183.1, "trend": 90.811324, "fair_value": 91.10821, "relative_strength": -25.926541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.094714, "energy": 54.415669, "activity_lines": [ 77.848712, 78.101053, 80.534455, 85.006822 ] }, { "date": "2025-03-21", "close": 74.59816, "volume": 1335335, "typical_volume": 2517349.4, "trend": 89.919554, "fair_value": 91.1189, "relative_strength": -27.510812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.517142, "energy": 67.841781, "activity_lines": [ 76.533882, 77.422056, 79.622685, 83.960812 ] }, { "date": "2025-03-28", "close": 72.315475, "volume": 1334119, "typical_volume": 2437142.95, "trend": 89.012567, "fair_value": 91.06243, "relative_strength": -27.098649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.065495, "energy": 78.53543, "activity_lines": [ 74.780778, 76.435935, 78.610041, 82.825064 ] }, { "date": "2025-04-04", "close": 69.393646, "volume": 2172201, "typical_volume": 2271373.55, "trend": 87.90166, "fair_value": 90.98828, "relative_strength": -28.36267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.145506, "energy": 83.365789, "activity_lines": [ 72.619837, 75.01486, 77.448698, 81.559328 ] }, { "date": "2025-04-11", "close": 61.267284, "volume": 5114454, "typical_volume": 2347578.65, "trend": 86.717707, "fair_value": 90.80058, "relative_strength": -30.358793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.739643, "energy": 87.080881, "activity_lines": [ 68.389261, 72.267336, 75.613853, 79.840981 ] }, { "date": "2025-04-18", "close": 65.193504, "volume": 3022720, "typical_volume": 2410511.2, "trend": 85.314616, "fair_value": 90.61441, "relative_strength": -24.761089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.834319, "energy": 81.60288, "activity_lines": [ 66.563114, 70.545777, 74.309027, 78.452323 ] }, { "date": "2025-04-25", "close": 66.745735, "volume": 2287618, "typical_volume": 2186752.45, "trend": 83.963266, "fair_value": 90.37253, "relative_strength": -23.788387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.936506, "energy": 69.036128, "activity_lines": [ 65.960487, 69.308978, 73.287254, 77.25433 ] }, { "date": "2025-05-02", "close": 70.032791, "volume": 1322175, "typical_volume": 2126838.75, "trend": 82.630177, "fair_value": 90.128084, "relative_strength": -22.499202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.017691, "energy": 57.979441, "activity_lines": [ 66.977041, 68.900583, 72.673754, 76.35559 ] }, { "date": "2025-05-09", "close": 68.937111, "volume": 1553179, "typical_volume": 2047380.45, "trend": 81.23013, "fair_value": 89.87136, "relative_strength": -23.135201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.362398, "energy": 48.184382, "activity_lines": [ 67.780548, 68.488871, 72.046777, 75.472166 ] }, { "date": "2025-05-16", "close": 71.676331, "volume": 2136279, "typical_volume": 2064425.9, "trend": 80.225749, "fair_value": 89.676845, "relative_strength": -22.374323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.561289, "energy": 31.985749, "activity_lines": [ 69.527563, 68.757813, 71.75068, 74.855792 ] }, { "date": "2025-05-23", "close": 73.776405, "volume": 7294129, "typical_volume": 2329462.55, "trend": 79.245716, "fair_value": 89.474781, "relative_strength": -18.416622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.218557, "energy": 21.486393, "activity_lines": [ 71.280667, 69.518156, 71.706766, 74.439705 ] }, { "date": "2025-05-30", "close": 74.780785, "volume": 1859655, "typical_volume": 2340277.15, "trend": 78.436124, "fair_value": 89.287034, "relative_strength": -15.279841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.401413, "energy": 19.602535, "activity_lines": [ 72.79637, 70.497636, 71.794161, 74.151645 ] }, { "date": "2025-06-06", "close": 76.972168, "volume": 15016920, "typical_volume": 2910617.6, "trend": 77.684359, "fair_value": 89.155357, "relative_strength": -13.355933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.788121, "energy": 17.346605, "activity_lines": [ 74.506865, 71.872229, 72.11765, 74.057197 ] }, { "date": "2025-06-13", "close": 70.489334, "volume": 4479461, "typical_volume": 3032669.1, "trend": 77.017815, "fair_value": 88.968992, "relative_strength": -21.076897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.096256, "energy": 15.854854, "activity_lines": [ 73.593789, 71.983458, 71.826771, 73.593001 ] }, { "date": "2025-06-20", "close": 64.919579, "volume": 3587662, "typical_volume": 3182541.1, "trend": 76.046913, "fair_value": 88.681262, "relative_strength": -26.331987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.760399, "energy": 21.340512, "activity_lines": [ 70.720647, 71.062082, 71.039788, 72.81247 ] }, { "date": "2025-06-27", "close": 65.65004, "volume": 1491135, "typical_volume": 3176092.15, "trend": 75.115577, "fair_value": 88.466502, "relative_strength": -26.333024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.971491, "energy": 33.704362, "activity_lines": [ 68.541443, 70.207112, 70.386722, 72.141704 ] }, { "date": "2025-07-04", "close": 66.517776, "volume": 2561788, "typical_volume": 3215996.15, "trend": 74.441434, "fair_value": 88.249425, "relative_strength": -24.40405, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.677376, "energy": 50.405414, "activity_lines": [ 67.193241, 69.501612, 69.86717, 71.587007 ] }, { "date": "2025-07-11", "close": 85.199371, "volume": 26702197, "typical_volume": 4432026.2, "trend": 74.310878, "fair_value": 88.191498, "relative_strength": -2.994292, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 6.842288, "energy": 7.278175, "activity_lines": [ 72.623105, 72.19691, 71.188339, 72.281068 ] }, { "date": "2025-07-18", "close": 93.407944, "volume": 46586516, "typical_volume": 6689135.05, "trend": 74.636556, "fair_value": 88.168117, "relative_strength": 4.207398, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.015045, "energy": 55.420463, "activity_lines": [ 80.240679, 76.10892, 73.270361, 73.513136 ] }, { "date": "2025-07-25", "close": 106.617149, "volume": 9315547, "typical_volume": 7057958.5, "trend": 75.436021, "fair_value": 88.25068, "relative_strength": 19.39095, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.128438, "energy": 89.065198, "activity_lines": [ 90.733415, 81.977679, 76.541703, 75.5764 ] }, { "date": "2025-08-01", "close": 116.524053, "volume": 8946165, "typical_volume": 7405962.75, "trend": 76.611369, "fair_value": 88.433971, "relative_strength": 30.069228, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.567711, "energy": 96.338745, "activity_lines": [ 101.748614, 89.012406, 80.618871, 78.227241 ] }, { "date": "2025-08-08", "close": 119.826355, "volume": 36035713, "typical_volume": 9140981.65, "trend": 77.921142, "fair_value": 88.617161, "relative_strength": 30.315638, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.060792, "energy": 95.244178, "activity_lines": [ 110.47298, 95.870321, 84.816549, 81.015305 ] }, { "date": "2025-08-15", "close": 116.052292, "volume": 18157122, "typical_volume": 9982131.8, "trend": 79.202508, "fair_value": 88.808064, "relative_strength": 24.609736, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.750015, "energy": 90.502557, "activity_lines": [ 114.385419, 101.223033, 88.439421, 83.475379 ] }, { "date": "2025-08-22", "close": 140.111923, "volume": 41456285, "typical_volume": 11946336.0, "trend": 81.282818, "fair_value": 89.153195, "relative_strength": 53.005622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.750734, "energy": 97.278136, "activity_lines": [ 124.260874, 110.239676, 94.145415, 87.405019 ] }, { "date": "2025-08-29", "close": 135.866104, "volume": 65748728, "typical_volume": 14978049.7, "trend": 83.197252, "fair_value": 89.473768, "relative_strength": 44.694678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.512353, "energy": 82.597528, "activity_lines": [ 129.607457, 117.218486, 99.110292, 90.926521 ] }, { "date": "2025-09-05", "close": 108.504181, "volume": 36284717, "typical_volume": 16641149.55, "trend": 84.269625, "fair_value": 89.613626, "relative_strength": 14.425263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.58578, "energy": 63.487474, "activity_lines": [ 123.883469, 117.932464, 101.114039, 92.559226 ] }, { "date": "2025-09-12", "close": 111.80648, "volume": 17240283, "typical_volume": 17388782.8, "trend": 85.348592, "fair_value": 89.824638, "relative_strength": 13.442821, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.553345, "energy": 56.049966, "activity_lines": [ 119.794905, 118.467694, 103.226049, 94.335797 ] }, { "date": "2025-09-19", "close": 109.447693, "volume": 13027960, "typical_volume": 17974072.05, "trend": 86.303279, "fair_value": 90.043926, "relative_strength": 10.958551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.441519, "energy": 37.847218, "activity_lines": [ 115.454737, 117.750623, 104.898838, 95.890578 ] }, { "date": "2025-09-26", "close": 125.959198, "volume": 51901579, "typical_volume": 20491492.05, "trend": 87.869222, "fair_value": 90.382351, "relative_strength": 27.635734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.056919, "energy": 32.729307, "activity_lines": [ 117.058711, 119.594765, 107.956461, 98.449025 ] }, { "date": "2025-10-03", "close": 120.298111, "volume": 22778734, "typical_volume": 21523614.8, "trend": 89.289071, "fair_value": 90.626527, "relative_strength": 16.710329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.148136, "energy": 31.404911, "activity_lines": [ 117.719171, 119.817777, 110.2034, 100.541211 ] }, { "date": "2025-10-10", "close": 118.882835, "volume": 9549882, "typical_volume": 21636402.45, "trend": 90.72566, "fair_value": 90.888749, "relative_strength": 13.403355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.01445, "energy": 32.870642, "activity_lines": [ 118.945739, 119.534722, 112.084018, 102.450486 ] }, { "date": "2025-10-17", "close": 105.201874, "volume": 15317383, "typical_volume": 22309288.85, "trend": 91.745784, "fair_value": 91.03828, "relative_strength": 0.649852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.647136, "energy": 27.947907, "activity_lines": [ 114.920075, 116.721332, 112.446894, 103.384435 ] }, { "date": "2025-10-24", "close": 108.975937, "volume": 5867410, "typical_volume": 21851813.35, "trend": 92.9678, "fair_value": 91.264648, "relative_strength": 3.616356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.837587, "energy": 19.671626, "activity_lines": [ 112.59274, 114.860035, 113.024343, 104.496058 ] }, { "date": "2025-10-31", "close": 117.467567, "volume": 9273873, "typical_volume": 22091533.95, "trend": 94.570264, "fair_value": 91.538536, "relative_strength": 8.962092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.929668, "energy": 19.177634, "activity_lines": [ 113.127399, 114.671332, 114.25812, 106.076688 ] }, { "date": "2025-11-07", "close": 108.032417, "volume": 14081868, "typical_volume": 22616244.25, "trend": 96.129101, "fair_value": 91.747689, "relative_strength": 2.557728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.645417, "energy": 15.457123, "activity_lines": [ 111.083116, 113.178863, 114.369605, 106.945214 ] }, { "date": "2025-11-14", "close": 113.221748, "volume": 18858259, "typical_volume": 23484600.45, "trend": 97.730043, "fair_value": 91.994892, "relative_strength": 8.32113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.467696, "energy": 11.050439, "activity_lines": [ 111.586324, 113.135975, 114.770013, 108.047966 ] }, { "date": "2025-11-21", "close": 100.484306, "volume": 8776358, "typical_volume": 23795328.95, "trend": 98.854662, "fair_value": 92.165231, "relative_strength": -0.196434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.793755, "energy": 6.507469, "activity_lines": [ 108.221123, 110.691415, 113.730799, 108.22566 ] }, { "date": "2025-11-28", "close": 101.899574, "volume": 3722420, "typical_volume": 22646340.1, "trend": 99.916888, "fair_value": 92.331348, "relative_strength": -2.961108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.936396, "energy": 12.549074, "activity_lines": [ 105.642183, 108.710035, 112.664628, 108.422106 ] }, { "date": "2025-12-05", "close": 97.181999, "volume": 4259407, "typical_volume": 20529984.65, "trend": 100.858384, "fair_value": 92.442232, "relative_strength": -8.429806, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.874084, "energy": 32.446832, "activity_lines": [ 101.962475, 106.008151, 111.069638, 108.245662 ] }, { "date": "2025-12-12", "close": 98.125519, "volume": 5220864, "typical_volume": 20325250.5, "trend": 101.740024, "fair_value": 92.520878, "relative_strength": -8.083805, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.851528, "energy": 46.385846, "activity_lines": [ 99.949645, 104.001039, 109.546536, 108.069348 ] }, { "date": "2025-12-19", "close": 102.843086, "volume": 4524591, "typical_volume": 20104171.8, "trend": 102.708913, "fair_value": 92.671242, "relative_strength": -1.959688, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.644672, "energy": 40.187289, "activity_lines": [ 100.169797, 103.254804, 108.513163, 108.140513 ] }, { "date": "2025-12-26", "close": 108.032417, "volume": 6838150, "typical_volume": 18644293.65, "trend": 103.817301, "fair_value": 92.854339, "relative_strength": -0.170002, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.241041, "energy": 23.20253, "activity_lines": [ 102.811637, 103.743716, 108.039159, 108.483965 ] }, { "date": "2026-01-02", "close": 105.201874, "volume": 3648067, "typical_volume": 17918840.9, "trend": 104.758291, "fair_value": 93.025672, "relative_strength": -5.459528, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.122788, "energy": 11.305422, "activity_lines": [ 104.006756, 103.666519, 107.351741, 108.573292 ] }, { "date": "2026-01-09", "close": 104.258362, "volume": 4074175, "typical_volume": 16049735.4, "trend": 105.883925, "fair_value": 93.186171, "relative_strength": -9.178706, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.961852, "energy": 8.553535, "activity_lines": [ 104.667217, 103.486394, 106.626133, 108.541039 ] }, { "date": "2026-01-16", "close": 113.221748, "volume": 10974268, "typical_volume": 13311012.4, "trend": 107.493998, "fair_value": 93.396152, "relative_strength": -4.998634, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.578081, "energy": 13.870211, "activity_lines": [ 107.843715, 105.176143, 106.924913, 109.014446 ] }, { "date": "2026-01-23", "close": 117.467567, "volume": 10191306, "typical_volume": 12006341.85, "trend": 109.221249, "fair_value": 93.624841, "relative_strength": -3.296961, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.205524, "energy": 20.718131, "activity_lines": [ 111.429072, 107.543507, 107.735886, 109.657903 ] }, { "date": "2026-01-30", "close": 109.919449, "volume": 7207733, "typical_volume": 11504714.35, "trend": 110.667971, "fair_value": 93.789725, "relative_strength": -9.842315, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.544495, "energy": 16.32399, "activity_lines": [ 111.523424, 108.461289, 107.785308, 109.702948 ] }, { "date": "2026-02-06", "close": 101.899574, "volume": 5292121, "typical_volume": 11117922.4, "trend": 111.224645, "fair_value": 93.87927, "relative_strength": -15.662604, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.704447, "energy": 17.242042, "activity_lines": [ 108.818682, 107.749365, 107.079919, 109.137245 ] }, { "date": "2026-02-13", "close": 97.181999, "volume": 2052161, "typical_volume": 8625451.5, "trend": 111.350446, "fair_value": 93.962502, "relative_strength": -23.721773, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.008115, "energy": 23.573004, "activity_lines": [ 104.761568, 106.179699, 105.96118, 108.231268 ] }, { "date": "2026-02-27", "close": 114.637024, "volume": 8472493, "typical_volume": 7910139.45, "trend": 111.617776, "fair_value": 94.133698, "relative_strength": -14.544005, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.232906, "energy": 11.550626, "activity_lines": [ 106.994554, 107.783675, 106.641858, 108.443305 ] }, { "date": "2026-03-06", "close": 110.862961, "volume": 8534976, "typical_volume": 7859394.15, "trend": 111.429072, "fair_value": 94.262089, "relative_strength": -12.837286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.19746, "energy": 12.854976, "activity_lines": [ 107.875166, 108.401247, 106.99006, 108.394607 ] }, { "date": "2026-03-13", "close": 122.656898, "volume": 12594277, "typical_volume": 7723238.85, "trend": 111.523424, "fair_value": 94.484694, "relative_strength": -3.102927, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.629983, "energy": 26.90927, "activity_lines": [ 113.127399, 111.017357, 108.499684, 109.118983 ] }, { "date": "2026-03-20", "close": 115.10878, "volume": 7030862, "typical_volume": 7781411.45, "trend": 111.491974, "fair_value": 94.690818, "relative_strength": -9.446635, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.550637, "energy": 25.938876, "activity_lines": [ 115.014428, 111.995181, 109.20732, 109.350296 ] }, { "date": "2026-03-27", "close": 115.580536, "volume": 5171116, "typical_volume": 7576273.6, "trend": 110.674261, "fair_value": 94.89199, "relative_strength": -7.952716, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.015482, "energy": 38.018517, "activity_lines": [ 116.178096, 112.878654, 109.930681, 109.614074 ] }, { "date": "2026-04-03", "close": 109.447693, "volume": 8069703, "typical_volume": 7275665.35, "trend": 109.793647, "fair_value": 95.043214, "relative_strength": -11.39708, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.095373, "energy": 29.643788, "activity_lines": [ 114.070914, 112.441206, 110.078948, 109.534941 ] }, { "date": "2026-04-10", "close": 109.447693, "volume": 2882667, "typical_volume": 6476885.75, "trend": 109.825097, "fair_value": 95.199756, "relative_strength": -18.445785, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.465753, "energy": 8.707632, "activity_lines": [ 112.309687, 112.072378, 110.220475, 109.512621 ] }, { "date": "2026-04-17", "close": 116.524048, "volume": 5457816, "typical_volume": 6310958.65, "trend": 109.98235, "fair_value": 95.401659, "relative_strength": -16.456074, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.22467, "energy": 7.58403, "activity_lines": [ 113.001596, 113.135976, 111.053913, 109.944812 ] }, { "date": "2026-04-24", "close": 115.580536, "volume": 9889903, "typical_volume": 6619332.8, "trend": 110.186778, "fair_value": 95.573585, "relative_strength": -21.505725, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.141156, "energy": 15.983797, "activity_lines": [ 113.787858, 113.907942, 111.721112, 110.305985 ] }, { "date": "2026-05-01", "close": 109.919449, "volume": 3675822, "typical_volume": 6590153.55, "trend": 109.652119, "fair_value": 95.730492, "relative_strength": -25.135663, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.503838, "energy": 13.548615, "activity_lines": [ 112.655641, 113.401875, 111.784013, 110.288738 ] }, { "date": "2026-05-08", "close": 111.80648, "volume": 5453657, "typical_volume": 6601793.2, "trend": 109.369065, "fair_value": 95.91013, "relative_strength": -28.502392, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.208845, "energy": 14.570555, "activity_lines": [ 112.52984, 113.007315, 111.965977, 110.427729 ] }, { "date": "2026-05-15", "close": 107.088905, "volume": 5896999, "typical_volume": 6670413.6, "trend": 108.975934, "fair_value": 96.048893, "relative_strength": -30.554372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 18.756397, "energy": 9.482014, "activity_lines": [ 110.674261, 111.806478, 111.6335, 110.280622 ] }, { "date": "2026-05-22", "close": 118.882835, "volume": 7080237, "typical_volume": 6682517.95, "trend": 109.431966, "fair_value": 96.304202, "relative_strength": -24.723322, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.952562, "energy": 19.299249, "activity_lines": [ 112.907245, 112.818612, 112.404037, 110.919777 ] }, { "date": "2026-05-29", "close": 117.467567, "volume": 13165446, "typical_volume": 7158386.9, "trend": 109.71502, "fair_value": 96.550971, "relative_strength": -29.434362, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.316203, "energy": 21.600787, "activity_lines": [ 114.51122, 113.642043, 112.988118, 111.438203 ] }, { "date": "2026-06-05", "close": 112.749992, "volume": 5829613, "typical_volume": 7246158.8, "trend": 109.557768, "fair_value": 96.760055, "relative_strength": -32.426558, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.986659, "energy": 20.049876, "activity_lines": [ 114.416868, 113.564846, 113.064497, 111.634007 ] }, { "date": "2026-06-12", "close": 110.391205, "volume": 3636299, "typical_volume": 6879260.35, "trend": 109.636394, "fair_value": 96.963058, "relative_strength": -32.117535, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.879436, "energy": 19.784357, "activity_lines": [ 113.347551, 113.110243, 112.875794, 111.687778 ] }, { "date": "2026-06-19", "close": 109.919449, "volume": 2513902, "typical_volume": 6495390.15, "trend": 109.526318, "fair_value": 97.153997, "relative_strength": -35.468795, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 12.903391, "energy": 5.381012, "activity_lines": [ 112.215334, 112.552712, 112.655641, 111.706039 ] }, { "date": "2026-06-26", "close": 108.5, "volume": 3910265, "typical_volume": 6330516.75, "trend": 109.793507, "fair_value": 97.33371, "relative_strength": -33.417888, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 8.309719, "energy": 9.252874, "activity_lines": [ 110.421264, 111.728522, 112.336245, 111.639825 ] }, { "date": "2026-07-03", "close": 110.5, "volume": 2786481, "typical_volume": 6205234.75, "trend": 110.080188, "fair_value": 97.529966, "relative_strength": -35.206493, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.554158, "energy": 10.115339, "activity_lines": [ 109.98605, 111.41386, 112.214085, 111.685405 ] }, { "date": "2026-07-10", "close": 106.5, "volume": 0, "typical_volume": 6102626.7, "trend": 110.390788, "fair_value": 97.698085, "relative_strength": -35.383324, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -17.356824, "energy": 21.563087, "activity_lines": [ 108.682007, 110.464298, 111.670018, 111.454425 ] }, { "date": "2026-07-17", "close": 95.099998, "volume": 2801955, "typical_volume": 5819099.8, "trend": 110.289937, "fair_value": 97.79706, "relative_strength": -38.175584, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -47.753252, "energy": 51.584212, "activity_lines": [ 103.994629, 107.504181, 109.995866, 110.467923 ] }, { "date": "2026-07-24", "close": 100.0, "volume": 1880728, "typical_volume": 5486387.4, "trend": 110.195168, "fair_value": 97.936995, "relative_strength": -35.871871, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -62.652883, "energy": 59.895466, "activity_lines": [ 101.959999, 105.738727, 108.881413, 109.804056 ] }, { "date": "2026-07-31", "close": 91.900002, "volume": 3226135, "typical_volume": 5017980.3, "trend": 109.657421, "fair_value": 98.030625, "relative_strength": -39.543366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.435962, "energy": 71.391933, "activity_lines": [ 97.886667, 102.629436, 107.047261, 108.623723 ] }, { "date": "2026-08-07", "close": 96.0, "volume": 1202626, "typical_volume": 4726568.5, "trend": 109.350692, "fair_value": 98.152784, "relative_strength": -37.47008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.110339, "energy": 69.313437, "activity_lines": [ 96.286667, 100.756196, 105.750046, 107.742599 ] }, { "date": "2026-08-14", "close": 100.5, "volume": 4318101, "typical_volume": 4683917.75, "trend": 109.225413, "fair_value": 98.293116, "relative_strength": -35.810271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.102108, "energy": 56.649534, "activity_lines": [ 97.153334, 100.091456, 104.972396, 107.171586 ] } ], "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." } } }