{ "ticker": { "uuid": "05610c1e-5406-4519-838d-c3365f4b27c0", "symbol": "MRHL", "name": "Merchavia Holdings and Investments Ltd", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -55.314, "architecture_energy": 63.627, "architecture_maturity": 95.0, "architecture_confidence": 65.585, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.19, "rotation_up": 27.96, "upward_expansion": 22.5, "deceleration": 66.99, "rotation_down": 50.06, "downward_expansion": 70.17 }, "activity_lines": [ 1.731333, 1.697236, 47.970324, 81.547932 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 1.724, "trend_reference": 120.096401, "distance_from_trend": -0.985645, "trend_direction": "Weakening", "fair_value": 96.792455, "distance_from_fair_value": -0.982189, "fair_value_direction": "Weakening", "relative_strength": -98.717562, "relative_strength_direction": "Weakening", "price_momentum": -0.991127, "excess_performance": -1.020027, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.985645, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.330827, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.982189, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.770989, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.987176, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -1.083704, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.991127, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.594153, "read": "Supply-led" } ], "volume": { "latest": 15964, "relative_activity": 0.947762, "balance": 0.594153, "dry_up": 0.713196, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 9.387472, "annualized_volatility": 6.367125, "from_high_reference": -0.994773, "from_low_reference": 1.097324 }, "levels": { "trend_reference": 120.096401, "fair_value_reference": 96.792455, "structural_low": 1.436, "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": 41, "median_return": -0.016641, "positive_rate": 0.439024, "directional_follow_through": 0.560976, "median_excess_return": -0.024001, "regime_survival": 0.853659, "best_return": 101.453268, "worst_return": -0.259574, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.071865, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.072312, "regime_survival": 0.642857, "best_return": 198.182243, "worst_return": -0.3025, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.127364, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.178563, "regime_survival": 0.5, "best_return": 218.275697, "worst_return": -0.403846, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.347962, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.464028, "regime_survival": 0.75, "best_return": 0.181575, "worst_return": -0.506494, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2024-08-23", "tenure": "Developing", "return": 0.156627, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2025-01-17", "tenure": "Established", "return": 72.020831, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-24", "end": "2025-02-21", "tenure": "Developing", "return": -0.121369, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.091904, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.0801, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": -0.114716, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.031414, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-29", "tenure": "Developing", "return": -0.085903, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": 101.453268, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": 0.244014, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-01-30", "tenure": "Established", "return": 0.597289, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-05-01", "tenure": "Established", "return": -0.055069, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.04943, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.029279, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 99.5, "volume": 13900, "typical_volume": 54796.95, "trend": 134.216667, "fair_value": 278.003205, "relative_strength": -36.301117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.159218, "energy": 56.993319, "activity_lines": [ 109.5, 112.327273, 115.602381, 123.374194 ] }, { "date": "2023-08-25", "close": 106.5, "volume": 23426, "typical_volume": 54305.6, "trend": 131.933333, "fair_value": 277.092949, "relative_strength": -31.537318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.958605, "energy": 61.634265, "activity_lines": [ 107.533333, 110.927273, 114.178571, 121.586022 ] }, { "date": "2023-09-01", "close": 87.0, "volume": 111776, "typical_volume": 59893.9, "trend": 130.183333, "fair_value": 275.948718, "relative_strength": -43.612629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.75606, "energy": 89.543319, "activity_lines": [ 99.8, 106.181818, 111.104762, 118.687097 ] }, { "date": "2023-09-08", "close": 84.0, "volume": 51283, "typical_volume": 60632.8, "trend": 128.016667, "fair_value": 274.461538, "relative_strength": -44.351159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.287207, "energy": 95.36128, "activity_lines": [ 93.1, 101.445455, 108.030952, 115.707527 ] }, { "date": "2023-09-15", "close": 86.0, "volume": 11839, "typical_volume": 61031.4, "trend": 125.383333, "fair_value": 272.842949, "relative_strength": -42.945586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.301431, "energy": 92.006997, "activity_lines": [ 89.3, 97.709091, 105.433333, 112.996774 ] }, { "date": "2023-09-22", "close": 87.5, "volume": 24802, "typical_volume": 60851.05, "trend": 122.833333, "fair_value": 271.205128, "relative_strength": -41.874974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.844692, "energy": 88.735472, "activity_lines": [ 87.6, 94.754545, 103.247619, 110.552688 ] }, { "date": "2023-09-29", "close": 90.5, "volume": 9710, "typical_volume": 54945.75, "trend": 120.4, "fair_value": 269.657051, "relative_strength": -38.747254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.686602, "energy": 84.585695, "activity_lines": [ 87.7, 92.790909, 101.55, 108.466667 ] }, { "date": "2023-10-06", "close": 87.5, "volume": 8471, "typical_volume": 51749.35, "trend": 117.666667, "fair_value": 267.919872, "relative_strength": -39.373455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.591789, "energy": 64.877283, "activity_lines": [ 87.866667, 90.772727, 99.711905, 106.344086 ] }, { "date": "2023-10-13", "close": 92.5, "volume": 116422, "typical_volume": 55791.45, "trend": 115.616667, "fair_value": 266.349359, "relative_strength": -30.521272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.958077, "energy": 55.794783, "activity_lines": [ 89.666667, 90.209091, 98.485714, 104.72043 ] }, { "date": "2023-10-20", "close": 88.0, "volume": 1861, "typical_volume": 32613.25, "trend": 113.283333, "fair_value": 264.567308, "relative_strength": -31.341009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.623296, "energy": 50.136419, "activity_lines": [ 89.4, 89.281818, 96.907143, 102.93871 ] }, { "date": "2023-10-27", "close": 86.5, "volume": 11281, "typical_volume": 23552.1, "trend": 110.833333, "fair_value": 262.894231, "relative_strength": -28.99422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.244661, "energy": 47.113981, "activity_lines": [ 88.5, 88.481818, 95.259524, 101.210753 ] }, { "date": "2023-11-03", "close": 83.5, "volume": 2404, "typical_volume": 20714.75, "trend": 108.616667, "fair_value": 261.291667, "relative_strength": -33.834298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.855156, "energy": 52.423512, "activity_lines": [ 86.666667, 87.372727, 93.507143, 99.447312 ] }, { "date": "2023-11-10", "close": 100.0, "volume": 67068, "typical_volume": 24067.65, "trend": 107.05, "fair_value": 259.817308, "relative_strength": -20.738425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.629277, "energy": 31.68606, "activity_lines": [ 90.8, 89.681818, 93.488095, 98.891398 ] }, { "date": "2023-11-17", "close": 100.0, "volume": 235204, "typical_volume": 35677.85, "trend": 105.583333, "fair_value": 258.314103, "relative_strength": -20.657589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.262673, "energy": 17.935243, "activity_lines": [ 94.1, 91.754545, 93.552381, 98.436559 ] }, { "date": "2023-11-24", "close": 100.0, "volume": 60, "typical_volume": 35663.55, "trend": 104.166667, "fair_value": 256.766026, "relative_strength": -23.08573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.242962, "energy": 19.218643, "activity_lines": [ 96.9, 93.536364, 93.707143, 98.076344 ] }, { "date": "2023-12-01", "close": 95.0, "volume": 123930, "typical_volume": 41280.9, "trend": 103.0, "fair_value": 255.230769, "relative_strength": -24.955068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.454311, "energy": 21.980426, "activity_lines": [ 97.233333, 94.154545, 93.452381, 97.484946 ] }, { "date": "2023-12-08", "close": 90.0, "volume": 202139, "typical_volume": 51061.55, "trend": 101.966667, "fair_value": 253.650641, "relative_strength": -29.104847, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.558674, "energy": 18.895817, "activity_lines": [ 95.333333, 93.727273, 92.802381, 96.646237 ] }, { "date": "2023-12-15", "close": 87.5, "volume": 26208, "typical_volume": 52371.2, "trend": 101.016667, "fair_value": 252.080128, "relative_strength": -30.868226, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.131065, "energy": 25.248848, "activity_lines": [ 92.166667, 92.854545, 92.045238, 95.712903 ] }, { "date": "2023-12-22", "close": 99.5, "volume": 140528, "typical_volume": 59397.5, "trend": 100.716667, "fair_value": 250.705128, "relative_strength": -21.70452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.968455, "energy": 12.245906, "activity_lines": [ 93.833333, 94.163636, 92.57381, 95.615054 ] }, { "date": "2023-12-29", "close": 91.5, "volume": 252429, "typical_volume": 71737.05, "trend": 100.316667, "fair_value": 248.887821, "relative_strength": -27.250361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.122936, "energy": 16.727585, "activity_lines": [ 92.866667, 93.890909, 92.42619, 95.02043 ] }, { "date": "2024-01-05", "close": 93.5, "volume": 36512, "typical_volume": 72867.65, "trend": 99.283333, "fair_value": 246.907051, "relative_strength": -25.473484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.727078, "energy": 14.008539, "activity_lines": [ 93.133333, 93.918182, 92.557143, 94.580645 ] }, { "date": "2024-01-12", "close": 98.5, "volume": 68482, "typical_volume": 75120.45, "trend": 98.65, "fair_value": 244.807692, "relative_strength": -20.091402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.871624, "energy": 7.590506, "activity_lines": [ 95.166667, 94.727273, 93.192857, 94.530108 ] }, { "date": "2024-01-19", "close": 108.0, "volume": 282064, "typical_volume": 83634.85, "trend": 98.333333, "fair_value": 242.923077, "relative_strength": -10.178919, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.677347, "energy": 16.488972, "activity_lines": [ 99.8, 96.990909, 94.771429, 95.133333 ] }, { "date": "2024-01-26", "close": 94.300003, "volume": 172427, "typical_volume": 89692.05, "trend": 97.51, "fair_value": 240.816026, "relative_strength": -19.938501, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.223625, "energy": 12.15332, "activity_lines": [ 98.500001, 96.618182, 94.945238, 94.873118 ] }, { "date": "2024-02-02", "close": 106.099998, "volume": 3892, "typical_volume": 89294.7, "trend": 97.246667, "fair_value": 238.675641, "relative_strength": -8.970768, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.954052, "energy": 24.755772, "activity_lines": [ 101.48, 98.494546, 96.19381, 95.427312 ] }, { "date": "2024-02-09", "close": 98.900002, "volume": 2779, "typical_volume": 88193.55, "trend": 96.81, "fair_value": 236.149359, "relative_strength": -15.028188, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.278188, "energy": 22.251443, "activity_lines": [ 101.086667, 98.95091, 96.660953, 95.533979 ] }, { "date": "2024-02-16", "close": 93.300003, "volume": 134471, "typical_volume": 94431.6, "trend": 96.003334, "fair_value": 233.596795, "relative_strength": -20.154193, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.482904, "energy": 5.994723, "activity_lines": [ 98.466668, 98.318183, 96.540477, 95.307527 ] }, { "date": "2024-02-23", "close": 104.0, "volume": 1556, "typical_volume": 94085.85, "trend": 95.553334, "fair_value": 231.167308, "relative_strength": -12.371138, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.869808, "energy": 21.581314, "activity_lines": [ 99.760001, 99.57091, 97.425715, 95.823441 ] }, { "date": "2024-03-01", "close": 104.0, "volume": 769, "typical_volume": 88303.2, "trend": 95.103334, "fair_value": 228.933333, "relative_strength": -12.742643, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.354672, "energy": 20.273726, "activity_lines": [ 101.320001, 100.523637, 98.232381, 96.368387 ] }, { "date": "2024-03-08", "close": 95.599998, "volume": 8633, "typical_volume": 88641.8, "trend": 94.623333, "fair_value": 226.892308, "relative_strength": -18.322436, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.896198, "energy": 12.792463, "activity_lines": [ 99.433333, 99.867273, 98.184286, 96.40043 ] }, { "date": "2024-03-15", "close": 87.5, "volume": 27681, "typical_volume": 89461.8, "trend": 94.223333, "fair_value": 224.728846, "relative_strength": -21.985258, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.181346, "energy": 7.184828, "activity_lines": [ 95.546666, 97.663637, 97.328572, 95.94086 ] }, { "date": "2024-03-22", "close": 85.900002, "volume": 2674, "typical_volume": 89475.3, "trend": 93.536667, "fair_value": 222.651282, "relative_strength": -26.014035, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.68445, "energy": 28.025305, "activity_lines": [ 91.886667, 95.278182, 96.315715, 95.403871 ] }, { "date": "2024-03-29", "close": 84.300003, "volume": 14354, "typical_volume": 86839.6, "trend": 93.446667, "fair_value": 220.630769, "relative_strength": -26.744383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.558898, "energy": 43.607009, "activity_lines": [ 88.186668, 92.83091, 95.139048, 94.807957 ] }, { "date": "2024-04-05", "close": 89.400002, "volume": 83444, "typical_volume": 79251.6, "trend": 93.626667, "fair_value": 218.578846, "relative_strength": -19.258182, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.847498, "energy": 46.289977, "activity_lines": [ 87.500002, 91.741819, 94.522858, 94.546882 ] }, { "date": "2024-04-12", "close": 86.199997, "volume": 2199, "typical_volume": 79358.55, "trend": 93.633334, "fair_value": 216.532051, "relative_strength": -20.594542, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.890907, "energy": 48.649825, "activity_lines": [ 86.72, 90.16, 93.652381, 94.067742 ] }, { "date": "2024-04-19", "close": 82.199997, "volume": 23330, "typical_volume": 74328.55, "trend": 93.456667, "fair_value": 214.45, "relative_strength": -22.370847, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.136502, "energy": 63.223262, "activity_lines": [ 85.233332, 88.212727, 92.466667, 93.330108 ] }, { "date": "2024-04-26", "close": 85.199997, "volume": 18016, "typical_volume": 65122.4, "trend": 93.28, "fair_value": 212.480128, "relative_strength": -19.008403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.085839, "energy": 53.877461, "activity_lines": [ 85.099998, 87.114545, 91.627619, 92.797419 ] }, { "date": "2024-05-03", "close": 100.900002, "volume": 37645, "typical_volume": 65694.25, "trend": 93.726667, "fair_value": 210.626923, "relative_strength": -4.109038, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.783114, "energy": 14.113396, "activity_lines": [ 90.246666, 89.018181, 92.306667, 93.289032 ] }, { "date": "2024-05-10", "close": 93.800003, "volume": 250903, "typical_volume": 71213.0, "trend": 93.77, "fair_value": 208.683333, "relative_strength": -13.080775, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.351929, "energy": 15.107532, "activity_lines": [ 91.92, 89.687273, 92.245715, 93.293764 ] }, { "date": "2024-05-17", "close": 93.800003, "volume": 0, "typical_volume": 58591.55, "trend": 93.963334, "fair_value": 206.752564, "relative_strength": -11.648086, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.171565, "energy": 18.296286, "activity_lines": [ 93.300002, 90.541819, 92.211905, 93.295699 ] }, { "date": "2024-05-24", "close": 87.599998, "volume": 7622, "typical_volume": 57147.05, "trend": 94.0, "fair_value": 204.814103, "relative_strength": -16.397539, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.008068, "energy": 21.925256, "activity_lines": [ 92.106667, 90.301818, 91.576667, 92.885162 ] }, { "date": "2024-05-31", "close": 79.199997, "volume": 30803, "typical_volume": 55263.1, "trend": 93.856667, "fair_value": 202.680769, "relative_strength": -25.050396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.163263, "energy": 30.434091, "activity_lines": [ 87.753333, 88.532727, 90.169524, 91.930323 ] }, { "date": "2024-06-07", "close": 0.815, "volume": 11180, "typical_volume": 41718.9, "trend": 90.5505, "fair_value": 200.054583, "relative_strength": -99.195128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.525411, "energy": 90.448794, "activity_lines": [ 57.671666, 72.633636, 81.389048, 85.927634 ] }, { "date": "2024-06-14", "close": 81.5, "volume": 0, "typical_volume": 33097.55, "trend": 89.933834, "fair_value": 197.984071, "relative_strength": -19.696825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.520101, "energy": 69.422133, "activity_lines": [ 61.157333, 72.922454, 80.803262, 85.343731 ] }, { "date": "2024-06-21", "close": 76.300003, "volume": 10079, "typical_volume": 33406.9, "trend": 89.143834, "fair_value": 195.985994, "relative_strength": -23.307264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.57705, "energy": 66.006218, "activity_lines": [ 63.729667, 72.409455, 79.783191, 84.464129 ] }, { "date": "2024-06-28", "close": 76.300003, "volume": 0, "typical_volume": 33267.95, "trend": 88.5205, "fair_value": 194.048814, "relative_strength": -22.74449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.944259, "energy": 56.848091, "activity_lines": [ 67.468668, 72.076455, 78.905024, 83.635495 ] }, { "date": "2024-07-05", "close": 74.900002, "volume": 520, "typical_volume": 26570.4, "trend": 88.017167, "fair_value": 192.240481, "relative_strength": -24.90597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.81119, "energy": 23.072616, "activity_lines": [ 71.494335, 71.596183, 78.001143, 82.756753 ] }, { "date": "2024-07-12", "close": 83.0, "volume": 249329, "typical_volume": 38959.05, "trend": 87.867167, "fair_value": 190.560994, "relative_strength": -18.197984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.221279, "energy": 18.135295, "activity_lines": [ 78.506668, 72.77591, 77.95631, 82.433065 ] }, { "date": "2024-07-19", "close": 83.0, "volume": 0, "typical_volume": 38920.6, "trend": 87.317167, "fair_value": 188.766122, "relative_strength": -16.459051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.344573, "energy": 16.878799, "activity_lines": [ 80.040001, 74.281092, 78.011477, 82.119054 ] }, { "date": "2024-07-26", "close": 90.900002, "volume": 38419, "typical_volume": 40409.9, "trend": 87.297167, "fair_value": 186.999455, "relative_strength": -7.91785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.201633, "energy": 14.467091, "activity_lines": [ 84.106668, 77.419001, 78.919025, 82.350205 ] }, { "date": "2024-08-02", "close": 87.699997, "volume": 144746, "typical_volume": 46263.15, "trend": 87.103834, "fair_value": 185.205865, "relative_strength": -7.63557, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.06067, "energy": 13.949514, "activity_lines": [ 86.133333, 80.027819, 79.544191, 82.376194 ] }, { "date": "2024-08-09", "close": 87.300003, "volume": 52144, "typical_volume": 48736.65, "trend": 86.730501, "fair_value": 183.505865, "relative_strength": -8.543257, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.822443, "energy": 17.83367, "activity_lines": [ 87.266667, 82.562092, 80.13031, 82.38885 ] }, { "date": "2024-08-16", "close": 92.300003, "volume": 175165, "typical_volume": 56777.2, "trend": 86.207167, "fair_value": 181.79625, "relative_strength": -5.255914, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.632378, "energy": 25.260407, "activity_lines": [ 89.240001, 85.858183, 81.185953, 82.748173 ] }, { "date": "2024-08-23", "close": 96.0, "volume": 105595, "typical_volume": 57884.75, "trend": 86.263834, "fair_value": 180.209712, "relative_strength": -0.823794, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.168373, "energy": 31.394874, "activity_lines": [ 91.826668, 88.163637, 82.555882, 83.379968 ] }, { "date": "2024-08-30", "close": 0.96, "volume": 0, "typical_volume": 57774.8, "trend": 82.759167, "fair_value": 178.20625, "relative_strength": -99.00924, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.812387, "energy": 54.994044, "activity_lines": [ 61.866667, 72.925455, 74.842953, 77.876495 ] }, { "date": "2024-09-06", "close": 96.0, "volume": 0, "typical_volume": 56608.3, "trend": 82.662501, "fair_value": 176.725481, "relative_strength": 0.073523, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.069504, "energy": 20.428241, "activity_lines": [ 69.582667, 76.337092, 76.587358, 78.730743 ] }, { "date": "2024-09-13", "close": 80.0, "volume": 128533, "typical_volume": 62134.15, "trend": 82.219167, "fair_value": 175.065224, "relative_strength": -15.627473, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.059671, "energy": 28.652171, "activity_lines": [ 71.412, 76.481455, 76.742239, 78.558968 ] }, { "date": "2024-09-20", "close": 80.0, "volume": 0, "typical_volume": 60251.9, "trend": 81.419167, "fair_value": 173.404968, "relative_strength": -12.620754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.681098, "energy": 29.149546, "activity_lines": [ 73.728, 76.533091, 76.921882, 78.415796 ] }, { "date": "2024-09-27", "close": 78.099998, "volume": 1780, "typical_volume": 47795.75, "trend": 80.555834, "fair_value": 171.745353, "relative_strength": -18.623255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.622545, "energy": 18.768986, "activity_lines": [ 76.230666, 76.293818, 77.020096, 78.201656 ] }, { "date": "2024-10-04", "close": 75.5, "volume": 0, "typical_volume": 47795.75, "trend": 79.885834, "fair_value": 170.113942, "relative_strength": -20.856713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.391886, "energy": 13.234005, "activity_lines": [ 79.059999, 75.670909, 76.945453, 77.875473 ] }, { "date": "2024-10-11", "close": 72.300003, "volume": 2145, "typical_volume": 47521.9, "trend": 79.379167, "fair_value": 168.647917, "relative_strength": -23.586286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.179411, "energy": 12.382887, "activity_lines": [ 75.853334, 74.746182, 76.653191, 77.386065 ] }, { "date": "2024-10-18", "close": 71.0, "volume": 4703, "typical_volume": 46216.9, "trend": 78.8825, "fair_value": 166.98766, "relative_strength": -25.881177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.422568, "energy": 18.886975, "activity_lines": [ 73.793334, 73.865091, 76.309977, 76.845474 ] }, { "date": "2024-10-25", "close": 68.800003, "volume": 48000, "typical_volume": 48057.9, "trend": 78.365834, "fair_value": 165.370994, "relative_strength": -28.103599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.454454, "energy": 30.292503, "activity_lines": [ 71.600001, 72.880364, 75.796286, 76.19499 ] }, { "date": "2024-11-01", "close": 66.0, "volume": 19716, "typical_volume": 49043.7, "trend": 77.585834, "fair_value": 163.720353, "relative_strength": -31.972932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.776304, "energy": 36.370227, "activity_lines": [ 69.220001, 71.813819, 74.692191, 75.397194 ] }, { "date": "2024-11-08", "close": 59.400002, "volume": 92039, "typical_volume": 53141.7, "trend": 76.692501, "fair_value": 162.030609, "relative_strength": -38.631209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.973724, "energy": 45.940528, "activity_lines": [ 65.446668, 70.092728, 73.033334, 74.223915 ] }, { "date": "2024-11-15", "close": 66.0, "volume": 114199, "typical_volume": 58851.65, "trend": 76.152501, "fair_value": 160.338301, "relative_strength": -32.071292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.049819, "energy": 41.342031, "activity_lines": [ 64.946668, 68.509092, 72.083524, 73.534076 ] }, { "date": "2024-11-22", "close": 66.099998, "volume": 13571, "typical_volume": 59504.2, "trend": 75.515834, "fair_value": 158.242789, "relative_strength": -30.889545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.186813, "energy": 35.591669, "activity_lines": [ 64.9, 67.489091, 71.192286, 72.885527 ] }, { "date": "2024-11-29", "close": 66.0, "volume": 69437, "typical_volume": 50509.6, "trend": 74.352501, "fair_value": 156.303686, "relative_strength": -30.270222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.552188, "energy": 41.51931, "activity_lines": [ 65.146666, 66.703637, 70.333429, 72.271603 ] }, { "date": "2024-12-06", "close": 66.699997, "volume": 28775, "typical_volume": 51948.35, "trend": 73.449167, "fair_value": 154.439583, "relative_strength": -30.715731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.980695, "energy": 56.469672, "activity_lines": [ 65.813332, 66.3, 69.622191, 71.777893 ] }, { "date": "2024-12-13", "close": 66.0, "volume": 19232, "typical_volume": 50989.0, "trend": 72.5225, "fair_value": 152.570994, "relative_strength": -31.122525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.450002, "energy": 56.900413, "activity_lines": [ 66.199999, 65.976363, 68.921905, 71.297301 ] }, { "date": "2024-12-20", "close": 65.0, "volume": 68883, "typical_volume": 47195.85, "trend": 71.769167, "fair_value": 150.72484, "relative_strength": -32.253293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.67843, "energy": 55.035916, "activity_lines": [ 65.813333, 65.643636, 68.244952, 70.811979 ] }, { "date": "2024-12-27", "close": 62.5, "volume": 11173, "typical_volume": 45147.3, "trend": 71.2125, "fair_value": 148.888301, "relative_strength": -34.563968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.252527, "energy": 62.658907, "activity_lines": [ 64.66, 64.989091, 67.438, 70.213968 ] }, { "date": "2025-01-03", "close": 66.599998, "volume": 174396, "typical_volume": 45108.85, "trend": 73.405334, "fair_value": 146.985096, "relative_strength": -30.527903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.268118, "energy": 34.890723, "activity_lines": [ 65.113332, 65.234545, 67.139619, 69.916387 ] }, { "date": "2025-01-10", "close": 68.599998, "volume": 20695, "typical_volume": 40863.85, "trend": 72.975334, "fair_value": 145.315865, "relative_strength": -28.63082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.47343, "energy": 25.255713, "activity_lines": [ 66.193332, 65.883635, 67.154095, 69.606365 ] }, { "date": "2025-01-17", "close": 70.099998, "volume": 148089, "typical_volume": 48268.3, "trend": 72.768667, "fair_value": 143.713942, "relative_strength": -28.150881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.798284, "energy": 15.612371, "activity_lines": [ 67.646665, 66.758181, 67.441904, 69.42086 ] }, { "date": "2025-01-24", "close": 96.400002, "volume": 596248, "typical_volume": 78080.7, "trend": 73.438667, "fair_value": 142.351122, "relative_strength": -0.231096, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.178162, "energy": 39.759851, "activity_lines": [ 77.593333, 72.219999, 69.905238, 70.945462 ] }, { "date": "2025-01-31", "close": 81.800003, "volume": 83225, "typical_volume": 75815.3, "trend": 73.668667, "fair_value": 140.840224, "relative_strength": -11.851863, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.085082, "energy": 33.900253, "activity_lines": [ 80.580001, 74.474545, 70.97619, 71.484903 ] }, { "date": "2025-02-07", "close": 80.800003, "volume": 28566, "typical_volume": 77243.6, "trend": 73.595334, "fair_value": 138.999199, "relative_strength": -14.044907, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.015116, "energy": 45.249702, "activity_lines": [ 81.946668, 76.261819, 71.943334, 71.944989 ] }, { "date": "2025-02-14", "close": 88.699997, "volume": 29541, "typical_volume": 78631.65, "trend": 73.785333, "fair_value": 137.442789, "relative_strength": -4.591702, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.158802, "energy": 64.624413, "activity_lines": [ 85.000001, 79.216364, 73.659048, 72.919484 ] }, { "date": "2025-02-21", "close": 84.699997, "volume": 51474, "typical_volume": 81205.35, "trend": 73.578667, "fair_value": 136.113942, "relative_strength": -8.470511, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.352187, "energy": 58.815174, "activity_lines": [ 85.379999, 81.043636, 74.943333, 73.623656 ] }, { "date": "2025-02-28", "close": 91.400002, "volume": 3506, "typical_volume": 81273.4, "trend": 73.702, "fair_value": 134.658173, "relative_strength": 1.437373, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.782205, "energy": 62.328017, "activity_lines": [ 87.02, 83.749091, 76.821905, 74.773419 ] }, { "date": "2025-03-07", "close": 90.300003, "volume": 37488, "typical_volume": 82912.65, "trend": 73.802, "fair_value": 133.320353, "relative_strength": 0.996507, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.110218, "energy": 61.059168, "activity_lines": [ 88.626667, 85.774546, 78.504762, 75.844258 ] }, { "date": "2025-03-14", "close": 90.300003, "volume": 0, "typical_volume": 80512.65, "trend": 73.735333, "fair_value": 132.04984, "relative_strength": -0.213724, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.954873, "energy": 50.411112, "activity_lines": [ 89.666668, 87.294547, 80.095715, 76.908645 ] }, { "date": "2025-03-21", "close": 83.199997, "volume": 2002, "typical_volume": 79626.95, "trend": 73.308667, "fair_value": 130.567148, "relative_strength": -7.219932, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.815097, "energy": 40.820861, "activity_lines": [ 87.706667, 87.092728, 80.908095, 77.519269 ] }, { "date": "2025-03-28", "close": 83.0, "volume": 3605, "typical_volume": 75205.25, "trend": 76.043333, "fair_value": 129.095994, "relative_strength": -5.490847, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.862427, "energy": 29.843385, "activity_lines": [ 86.046667, 86.589091, 81.619524, 78.144516 ] }, { "date": "2025-04-04", "close": 83.0, "volume": 0, "typical_volume": 69495.3, "trend": 75.61, "fair_value": 127.711378, "relative_strength": -4.372293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.003667, "energy": 22.76318, "activity_lines": [ 84.5, 85.850909, 82.218572, 78.593333 ] }, { "date": "2025-04-11", "close": 79.900002, "volume": 2629, "typical_volume": 68948.2, "trend": 75.606667, "fair_value": 126.377404, "relative_strength": -6.183622, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.085422, "energy": 21.571121, "activity_lines": [ 82.48, 84.792728, 82.441429, 78.870108 ] }, { "date": "2025-04-18", "close": 78.699997, "volume": 1000, "typical_volume": 65526.35, "trend": 75.563333, "fair_value": 124.962019, "relative_strength": -9.73692, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.855075, "energy": 19.176997, "activity_lines": [ 80.753333, 83.550909, 82.484286, 79.069677 ] }, { "date": "2025-04-25", "close": 78.900002, "volume": 2764, "typical_volume": 64225.8, "trend": 75.59, "fair_value": 123.570353, "relative_strength": -9.461823, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.535097, "energy": 18.489054, "activity_lines": [ 79.866667, 82.383637, 82.485715, 79.284946 ] }, { "date": "2025-05-02", "close": 82.0, "volume": 2683, "typical_volume": 63398.35, "trend": 75.806667, "fair_value": 122.442148, "relative_strength": -5.297671, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.386788, "energy": 18.832218, "activity_lines": [ 80.3, 81.958182, 82.724286, 79.698495 ] }, { "date": "2025-05-09", "close": 85.0, "volume": 24588, "typical_volume": 61183.6, "trend": 76.23, "fair_value": 121.310737, "relative_strength": -5.463336, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.580219, "energy": 16.117518, "activity_lines": [ 81.8, 82.127273, 83.172381, 80.291613 ] }, { "date": "2025-05-16", "close": 86.300003, "volume": 621, "typical_volume": 60656.0, "trend": 76.74, "fair_value": 120.219712, "relative_strength": -2.982647, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 47.186775, "energy": 34.447998, "activity_lines": [ 83.600001, 82.649092, 83.649048, 80.941291 ] }, { "date": "2025-05-23", "close": 86.300003, "volume": 0, "typical_volume": 51936.2, "trend": 77.323334, "fair_value": 119.109455, "relative_strength": -1.0167, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.998403, "energy": 50.909023, "activity_lines": [ 84.973335, 83.243637, 84.012382, 81.558065 ] }, { "date": "2025-05-30", "close": 86.5, "volume": 206, "typical_volume": 50911.75, "trend": 78.006667, "fair_value": 118.10625, "relative_strength": -4.331611, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.805126, "energy": 57.698117, "activity_lines": [ 85.906668, 83.947274, 84.300953, 82.150108 ] }, { "date": "2025-06-06", "close": 81.099998, "volume": 17733, "typical_volume": 44393.95, "trend": 78.73, "fair_value": 117.042789, "relative_strength": -12.857606, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.348574, "energy": 27.883238, "activity_lines": [ 84.533334, 83.609091, 83.99, 82.349678 ] }, { "date": "2025-06-13", "close": 75.0, "volume": 52218, "typical_volume": 17192.45, "trend": 79.03, "fair_value": 115.985096, "relative_strength": -17.576859, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -7.5254, "energy": 9.585707, "activity_lines": [ 81.186667, 82.196364, 83.045715, 82.109033 ] }, { "date": "2025-06-20", "close": 76.400002, "volume": 2030, "typical_volume": 13132.7, "trend": 79.373334, "fair_value": 114.936378, "relative_strength": -19.653647, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -26.620263, "energy": 29.494291, "activity_lines": [ 78.973334, 81.183637, 82.336667, 81.939355 ] }, { "date": "2025-06-27", "close": 76.400002, "volume": 51811, "typical_volume": 14294.95, "trend": 79.72, "fair_value": 113.88766, "relative_strength": -21.044149, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.249592, "energy": 36.458917, "activity_lines": [ 77.420001, 80.234546, 81.653334, 81.747527 ] }, { "date": "2025-07-04", "close": 88.5, "volume": 4640, "typical_volume": 13049.9, "trend": 80.446667, "fair_value": 112.974199, "relative_strength": -11.851079, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 18.364433, "energy": 17.870126, "activity_lines": [ 80.560001, 81.527274, 82.143334, 82.313979 ] }, { "date": "2025-07-11", "close": 78.800003, "volume": 23463, "typical_volume": 11649.35, "trend": 80.873334, "fair_value": 112.075481, "relative_strength": -21.588955, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.773409, "energy": 14.69198, "activity_lines": [ 80.333335, 80.881819, 81.710477, 82.207743 ] }, { "date": "2025-07-18", "close": 90.800003, "volume": 149393, "typical_volume": 18943.7, "trend": 81.733334, "fair_value": 111.279327, "relative_strength": -7.630438, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.497619, "energy": 18.878747, "activity_lines": [ 84.260002, 82.476365, 82.448573, 82.848173 ] }, { "date": "2025-07-25", "close": 89.900002, "volume": 1180, "typical_volume": 17128.3, "trend": 82.646667, "fair_value": 110.483814, "relative_strength": -8.575033, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.279983, "energy": 24.768089, "activity_lines": [ 86.833336, 83.80182, 83.103811, 83.375055 ] }, { "date": "2025-08-01", "close": 85.599998, "volume": 7119, "typical_volume": 17484.25, "trend": 83.280001, "fair_value": 109.532532, "relative_strength": -11.534864, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.512688, "energy": 21.528792, "activity_lines": [ 87.073334, 84.280001, 83.35143, 83.565592 ] }, { "date": "2025-08-08", "close": 80.900002, "volume": 4000, "typical_volume": 17584.15, "trend": 83.690001, "fair_value": 108.615225, "relative_strength": -13.309374, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.713388, "energy": 8.049959, "activity_lines": [ 85.133334, 83.916365, 83.173811, 83.412044 ] }, { "date": "2025-08-15", "close": 114.199997, "volume": 287878, "typical_volume": 31797.8, "trend": 85.160001, "fair_value": 107.969071, "relative_strength": 21.548493, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.730352, "energy": 57.443091, "activity_lines": [ 94.8, 89.709091, 86.178572, 85.380431 ] }, { "date": "2025-08-22", "close": 81.400002, "volume": 102346, "typical_volume": 36915.1, "trend": 84.660001, "fair_value": 107.138302, "relative_strength": -13.236554, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.53738, "energy": 25.243079, "activity_lines": [ 91.173333, 88.936364, 85.910953, 85.13785 ] }, { "date": "2025-08-29", "close": 83.0, "volume": 28270, "typical_volume": 38197.15, "trend": 84.700001, "fair_value": 106.391507, "relative_strength": -15.031772, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.900036, "energy": 18.629594, "activity_lines": [ 88.706667, 88.338182, 85.803334, 85.030753 ] }, { "date": "2025-09-05", "close": 0.856, "volume": 18221, "typical_volume": 39058.2, "trend": 82.035201, "fair_value": 105.204686, "relative_strength": -99.091268, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.70602, "energy": 68.29495, "activity_lines": [ 59.318667, 72.684728, 77.857715, 79.621463 ] }, { "date": "2025-09-12", "close": 85.599998, "volume": 0, "typical_volume": 38920.0, "trend": 81.931867, "fair_value": 104.567507, "relative_strength": -9.837526, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.52051, "energy": 34.88756, "activity_lines": [ 63.828266, 73.8128, 78.353639, 79.85145 ] }, { "date": "2025-09-19", "close": 91.300003, "volume": 42896, "typical_volume": 40930.65, "trend": 82.151867, "fair_value": 104.063019, "relative_strength": -0.953124, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.687039, "energy": 27.431851, "activity_lines": [ 69.924534, 76.029964, 79.360515, 80.455846 ] }, { "date": "2025-09-26", "close": 87.699997, "volume": 23090, "typical_volume": 40855.75, "trend": 82.028534, "fair_value": 103.545071, "relative_strength": -4.762783, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.518475, "energy": 22.262344, "activity_lines": [ 76.347466, 77.365309, 79.980248, 80.81379 ] }, { "date": "2025-10-03", "close": 87.699997, "volume": 1, "typical_volume": 40824.75, "trend": 81.941867, "fair_value": 102.751481, "relative_strength": -9.167602, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.97392, "energy": 10.223378, "activity_lines": [ 82.350399, 78.757017, 80.587124, 81.179691 ] }, { "date": "2025-10-10", "close": 88.0, "volume": 1082, "typical_volume": 40878.85, "trend": 81.8652, "fair_value": 101.959814, "relative_strength": -10.532218, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.043091, "energy": 11.720985, "activity_lines": [ 88.139999, 80.243272, 81.215905, 81.570538 ] }, { "date": "2025-10-17", "close": 89.5, "volume": 0, "typical_volume": 40868.55, "trend": 82.0752, "fair_value": 101.309173, "relative_strength": -6.858782, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.812282, "energy": 14.127951, "activity_lines": [ 88.619999, 81.958618, 81.979447, 82.063106 ] }, { "date": "2025-10-24", "close": 109.099998, "volume": 199736, "typical_volume": 49968.7, "trend": 82.9452, "fair_value": 100.771353, "relative_strength": 13.798089, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.129738, "energy": 50.798997, "activity_lines": [ 95.373332, 87.081235, 84.595371, 83.806641 ] }, { "date": "2025-10-31", "close": 103.300003, "volume": 1, "typical_volume": 47357.85, "trend": 83.621867, "fair_value": 100.151481, "relative_strength": 5.192932, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.118447, "energy": 52.577875, "activity_lines": [ 99.006667, 91.242036, 86.525581, 85.119854 ] }, { "date": "2025-11-07", "close": 93.800003, "volume": 57560, "typical_volume": 50134.35, "trend": 84.0852, "fair_value": 99.470712, "relative_strength": -6.359648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.514046, "energy": 42.665575, "activity_lines": [ 98.433335, 93.277382, 87.416267, 85.776508 ] }, { "date": "2025-11-14", "close": 115.5, "volume": 85451, "typical_volume": 51816.35, "trend": 85.311867, "fair_value": 98.989943, "relative_strength": 11.679287, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.258028, "energy": 58.09325, "activity_lines": [ 104.686668, 99.061819, 90.290762, 87.803269 ] }, { "date": "2025-11-21", "close": 128.899994, "volume": 100976, "typical_volume": 56633.15, "trend": 86.978534, "fair_value": 98.614301, "relative_strength": 26.676917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.384364, "energy": 68.562678, "activity_lines": [ 113.573332, 105.198181, 94.255257, 90.615406 ] }, { "date": "2025-11-28", "close": 112.699997, "volume": 20592, "typical_volume": 56489.6, "trend": 88.001867, "fair_value": 98.073917, "relative_strength": 9.4496, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.591305, "energy": 57.295039, "activity_lines": [ 114.433331, 107.601817, 96.484514, 92.274856 ] }, { "date": "2025-12-05", "close": 170.5, "volume": 2635816, "typical_volume": 180810.75, "trend": 90.851867, "fair_value": 98.01943, "relative_strength": 58.123148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.056342, "energy": 78.310402, "activity_lines": [ 134.319998, 120.125454, 104.057104, 97.597316 ] }, { "date": "2025-12-12", "close": 251.600006, "volume": 1281728, "typical_volume": 244838.15, "trend": 96.361867, "fair_value": 98.459173, "relative_strength": 119.656695, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.97048, "energy": 96.500832, "activity_lines": [ 176.760001, 145.889091, 118.973981, 107.968163 ] }, { "date": "2025-12-19", "close": 233.199997, "volume": 1547267, "typical_volume": 321845.55, "trend": 101.258533, "fair_value": 98.873917, "relative_strength": 97.573683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.657445, "energy": 92.750071, "activity_lines": [ 202.546666, 165.327272, 131.368476, 116.79643 ] }, { "date": "2025-12-26", "close": 202.5, "volume": 535475, "typical_volume": 348419.3, "trend": 105.1252, "fair_value": 99.117507, "relative_strength": 71.280739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.017351, "energy": 84.64733, "activity_lines": [ 210.253334, 176.543636, 140.136304, 123.328137 ] }, { "date": "2026-01-02", "close": 240.100006, "volume": 425363, "typical_volume": 355293.55, "trend": 110.4252, "fair_value": 99.496353, "relative_strength": 93.786108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.517248, "energy": 85.93176, "activity_lines": [ 225.586669, 192.541819, 151.906038, 132.036189 ] }, { "date": "2026-01-09", "close": 249.300003, "volume": 509553, "typical_volume": 375653.9, "trend": 116.2352, "fair_value": 100.075199, "relative_strength": 88.771463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.863021, "energy": 63.720597, "activity_lines": [ 235.493336, 207.83091, 163.952439, 140.995854 ] }, { "date": "2026-01-16", "close": 204.5, "volume": 654218, "typical_volume": 406951.3, "trend": 120.5052, "fair_value": 100.180968, "relative_strength": 48.420397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.393354, "energy": 49.944133, "activity_lines": [ 225.213335, 212.320001, 170.932648, 146.690357 ] }, { "date": "2026-01-23", "close": 163.0, "volume": 552778, "typical_volume": 433679.15, "trend": 123.391867, "fair_value": 100.104045, "relative_strength": 17.694565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.580829, "energy": 35.470446, "activity_lines": [ 204.240001, 207.25091, 173.381905, 149.431957 ] }, { "date": "2026-01-30", "close": 165.0, "volume": 511431, "typical_volume": 459250.7, "trend": 125.941867, "fair_value": 100.267507, "relative_strength": 18.121182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.856729, "energy": 22.825704, "activity_lines": [ 188.613334, 201.681819, 175.249524, 152.116353 ] }, { "date": "2026-02-06", "close": 194.300003, "volume": 113853, "typical_volume": 462798.55, "trend": 129.791867, "fair_value": 100.557891, "relative_strength": 36.259967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.859984, "energy": 21.721825, "activity_lines": [ 185.253335, 200.783638, 179.529525, 156.526555 ] }, { "date": "2026-02-13", "close": 187.800003, "volume": 153045, "typical_volume": 469296.3, "trend": 133.0252, "fair_value": 100.704045, "relative_strength": 27.300045, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.628393, "energy": 20.273963, "activity_lines": [ 182.780002, 197.220002, 182.700001, 160.269016 ] }, { "date": "2026-02-20", "close": 180.399994, "volume": 120367, "typical_volume": 475314.6, "trend": 136.041867, "fair_value": 100.809173, "relative_strength": 19.912751, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.948313, "energy": 16.021444, "activity_lines": [ 181.939999, 191.996364, 184.689048, 163.325454 ] }, { "date": "2026-02-27", "close": 168.800003, "volume": 64257, "typical_volume": 478473.35, "trend": 138.8152, "fair_value": 100.843148, "relative_strength": 14.781136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.9137, "energy": 13.294408, "activity_lines": [ 178.84, 185.958183, 185.131905, 165.438882 ] }, { "date": "2026-03-06", "close": 187.699997, "volume": 16990, "typical_volume": 479322.85, "trend": 142.3752, "fair_value": 100.959814, "relative_strength": 20.522306, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.481076, "energy": 10.694021, "activity_lines": [ 181.653333, 184.527273, 186.99, 168.59274 ] }, { "date": "2026-03-13", "close": 175.199997, "volume": 24339, "typical_volume": 470553.0, "trend": 144.408533, "fair_value": 101.095712, "relative_strength": 16.943036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.311982, "energy": 10.879055, "activity_lines": [ 178.786665, 181.092727, 187.19, 170.710469 ] }, { "date": "2026-03-20", "close": 169.0, "volume": 26641, "typical_volume": 471885.0, "trend": 147.328533, "fair_value": 101.166225, "relative_strength": 8.895374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.372183, "energy": 10.182327, "activity_lines": [ 175.126665, 177.710908, 186.484762, 172.297015 ] }, { "date": "2026-03-27", "close": 175.300003, "volume": 64622, "typical_volume": 472238.1, "trend": 150.4052, "fair_value": 101.264302, "relative_strength": 18.272029, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 15.382999, "energy": 10.465598, "activity_lines": [ 174.82, 176.934545, 186.066667, 174.101626 ] }, { "date": "2026-04-03", "close": 180.100006, "volume": 45328, "typical_volume": 470231.95, "trend": 156.38, "fair_value": 101.45725, "relative_strength": 18.351155, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.10221, "energy": 9.451845, "activity_lines": [ 176.453336, 177.561819, 185.71762, 176.01742 ] }, { "date": "2026-04-10", "close": 181.699997, "volume": 30418, "typical_volume": 466704.05, "trend": 159.583334, "fair_value": 101.679686, "relative_strength": 12.113589, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.926118, "energy": 8.298584, "activity_lines": [ 177.866668, 178.169091, 185.213334, 177.650968 ] }, { "date": "2026-04-17", "close": 179.699997, "volume": 32354, "typical_volume": 467292.15, "trend": 162.53, "fair_value": 101.908532, "relative_strength": 11.26936, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.583705, "energy": 14.258953, "activity_lines": [ 179.013333, 178.109091, 184.267143, 178.948817 ] }, { "date": "2026-04-24", "close": 183.300003, "volume": 815, "typical_volume": 335542.1, "trend": 165.716667, "fair_value": 102.170071, "relative_strength": 14.009034, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.221182, "energy": 16.413359, "activity_lines": [ 181.060001, 178.969091, 183.344762, 180.288818 ] }, { "date": "2026-05-01", "close": 183.600006, "volume": 14016, "typical_volume": 272156.5, "trend": 168.913334, "fair_value": 102.513661, "relative_strength": 12.058763, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.692282, "energy": 17.487154, "activity_lines": [ 182.253336, 179.965456, 182.390001, 181.442581 ] }, { "date": "2026-05-08", "close": 184.100006, "volume": 15354, "typical_volume": 195560.85, "trend": 172.116667, "fair_value": 102.918148, "relative_strength": 9.652842, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.961222, "energy": 15.35961, "activity_lines": [ 183.060004, 180.994548, 181.806668, 182.422367 ] }, { "date": "2026-05-15", "close": 172.199997, "volume": 30177, "typical_volume": 170295.95, "trend": 174.873334, "fair_value": 103.278404, "relative_strength": 5.264619, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.264275, "energy": 4.417459, "activity_lines": [ 179.633335, 179.58182, 180.323811, 182.427743 ] }, { "date": "2026-05-22", "close": 175.300003, "volume": 22953, "typical_volume": 150175.45, "trend": 177.080001, "fair_value": 103.706609, "relative_strength": 6.572179, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.448329, "energy": 12.992515, "activity_lines": [ 177.873336, 179.014547, 179.280477, 182.45527 ] }, { "date": "2026-05-29", "close": 175.0, "volume": 22233, "typical_volume": 125809.45, "trend": 179.470001, "fair_value": 104.164943, "relative_strength": 4.507361, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.77266, "energy": 33.960269, "activity_lines": [ 176.306668, 178.390911, 178.517144, 182.321076 ] }, { "date": "2026-06-05", "close": 1.776, "volume": 0, "typical_volume": 93098.55, "trend": 176.402534, "fair_value": 103.37825, "relative_strength": -98.875852, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.544891, "energy": 96.446161, "activity_lines": [ 117.552001, 146.16291, 161.610096, 170.856947 ] }, { "date": "2026-06-12", "close": 1.686, "volume": 3076, "typical_volume": 65613.45, "trend": 172.608734, "fair_value": 102.635853, "relative_strength": -98.936252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.980437, "energy": 98.873132, "activity_lines": [ 70.888934, 117.073528, 145.65983, 159.584913 ] }, { "date": "2026-06-19", "close": 1.64, "volume": 4880, "typical_volume": 40285.9, "trend": 168.366734, "fair_value": 101.893161, "relative_strength": -98.900106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.28351, "energy": 98.693968, "activity_lines": [ 36.371467, 91.219674, 130.473344, 148.554672 ] }, { "date": "2026-06-26", "close": 1.64, "volume": 0, "typical_volume": 34593.25, "trend": 164.664734, "fair_value": 101.140853, "relative_strength": -98.85261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.435229, "energy": 94.201974, "activity_lines": [ 13.224667, 68.639637, 116.064763, 137.798108 ] }, { "date": "2026-07-03", "close": 1.6, "volume": 0, "typical_volume": 26941.0, "trend": 159.034734, "fair_value": 100.42034, "relative_strength": -98.889197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.05536, "energy": 89.518077, "activity_lines": [ 1.641867, 49.289782, 102.569801, 127.277803 ] }, { "date": "2026-07-10", "close": 1.549, "volume": 2600, "typical_volume": 21052.65, "trend": 150.699701, "fair_value": 99.712321, "relative_strength": -98.890936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.068005, "energy": 89.512635, "activity_lines": [ 1.602067, 33.234291, 89.956648, 117.117433 ] }, { "date": "2026-07-17", "close": 1.779, "volume": 26979, "typical_volume": 19188.75, "trend": 142.985667, "fair_value": 98.97052, "relative_strength": -98.73133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.645463, "energy": 87.469101, "activity_lines": [ 1.654067, 20.530636, 78.217072, 107.509646 ] }, { "date": "2026-07-24", "close": 1.749, "volume": 5109, "typical_volume": 18594.7, "trend": 136.293967, "fair_value": 98.228526, "relative_strength": -98.765281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.252126, "energy": 68.369503, "activity_lines": [ 1.689867, 11.136455, 67.269977, 98.397603 ] }, { "date": "2026-07-31", "close": 1.749, "volume": 0, "typical_volume": 17377.75, "trend": 128.348934, "fair_value": 97.486532, "relative_strength": -98.713684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.803633, "energy": 67.622902, "activity_lines": [ 1.7184, 4.841382, 57.208362, 89.717282 ] }, { "date": "2026-08-07", "close": 1.724, "volume": 15964, "typical_volume": 16843.9, "trend": 120.096401, "fair_value": 96.792455, "relative_strength": -98.717562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.314011, "energy": 63.627001, "activity_lines": [ 1.731333, 1.697236, 47.970324, 81.547932 ] } ], "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." } } }