{ "ticker": { "uuid": "0d88972c-f568-471a-a093-591ed1468613", "symbol": "002920", "name": "Huizhou Desay SV Automotive Co., Ltd.", "exchange": "SHZ", "country": "CN", "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": "399001.SZ", "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": -44.894, "architecture_energy": 35.216, "architecture_maturity": 95.669, "architecture_confidence": 63.132, "architecture_tenure": "Established", "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": 27.03, "rotation_up": 26.23, "upward_expansion": 16.72, "deceleration": 66.81, "rotation_down": 37.19, "downward_expansion": 64.39 }, "activity_lines": [ 88.504666, 87.118909, 92.072221, 97.127792 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 92.290001, "trend_reference": 105.138767, "distance_from_trend": -0.122208, "trend_direction": "Weakening", "fair_value": 111.106886, "distance_from_fair_value": -0.169358, "fair_value_direction": "Weakening", "relative_strength": -20.429287, "relative_strength_direction": "Improving", "price_momentum": -0.236279, "excess_performance": -0.243679, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.122208, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.079163, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.169358, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.091215, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.204293, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.048758, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.236279, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.783669, "read": "Supply-led" } ], "volume": { "latest": 51760560, "relative_activity": 1.287725, "balance": 0.783669, "dry_up": 1.116884, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.095102, "annualized_volatility": 0.413259, "from_high_reference": -0.394155, "from_low_reference": 0.169708 }, "levels": { "trend_reference": 105.138767, "fair_value_reference": 111.106886, "structural_low": 78.900002, "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": 26, "median_return": 0.046112, "positive_rate": 0.615385, "directional_follow_through": 0.384615, "median_excess_return": 0.021782, "regime_survival": 0.769231, "best_return": 0.347198, "worst_return": -0.205882, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.037784, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.063542, "regime_survival": 0.5, "best_return": 0.559542, "worst_return": -0.246967, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.196286, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.02179, "regime_survival": 0.2, "best_return": 0.25371, "worst_return": -0.263915, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.145364, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.01507, "regime_survival": 0.25, "best_return": 0.449488, "worst_return": -0.119431, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-21", "tenure": "Developing", "return": -0.140922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.107888, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.074203, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.04697, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-06", "end": "2025-08-08", "tenure": "Developing", "return": -0.004817, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.093796, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": 0.056242, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.17424, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.045226, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": 0.130506, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.107335, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.090484, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.10674, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": -0.119171, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 152.948486, "volume": 33056966, "typical_volume": 27771255.2, "trend": 118.444116, "fair_value": 107.633012, "relative_strength": 26.426515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.213618, "energy": 57.917667, "activity_lines": [ 151.552211, 146.631821, 131.189699, 124.483573 ] }, { "date": "2023-08-04", "close": 155.129181, "volume": 20572249, "typical_volume": 27553617.85, "trend": 120.231158, "fair_value": 108.192773, "relative_strength": 26.696459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.278942, "energy": 54.039232, "activity_lines": [ 152.623493, 149.701521, 134.470604, 126.850351 ] }, { "date": "2023-08-11", "close": 146.251373, "volume": 18225511, "typical_volume": 26717660.6, "trend": 121.146614, "fair_value": 108.701396, "relative_strength": 24.582047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.326034, "energy": 44.202145, "activity_lines": [ 150.4609, 150.23035, 136.60693, 128.529075 ] }, { "date": "2023-08-18", "close": 135.270416, "volume": 24701644, "typical_volume": 26618681.7, "trend": 121.767995, "fair_value": 109.133367, "relative_strength": 19.43099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.840562, "energy": 32.019572, "activity_lines": [ 145.21692, 148.183239, 137.514769, 129.440288 ] }, { "date": "2023-08-25", "close": 134.4272, "volume": 17576280, "typical_volume": 26250339.95, "trend": 122.268431, "fair_value": 109.567729, "relative_strength": 22.393913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.041488, "energy": 21.464233, "activity_lines": [ 141.011909, 145.535752, 138.207321, 130.257011 ] }, { "date": "2023-09-01", "close": 138.575348, "volume": 21818466, "typical_volume": 26212728.3, "trend": 122.496917, "fair_value": 110.033655, "relative_strength": 21.959362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.417534, "energy": 22.44427, "activity_lines": [ 138.935248, 143.737808, 139.192696, 131.30907 ] }, { "date": "2023-09-08", "close": 136.229889, "volume": 12821889, "typical_volume": 25811027.9, "trend": 123.069971, "fair_value": 110.468645, "relative_strength": 21.913273, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.742954, "energy": 21.192342, "activity_lines": [ 137.034976, 141.793603, 139.799616, 132.195068 ] }, { "date": "2023-09-15", "close": 130.279053, "volume": 20800128, "typical_volume": 25577440.65, "trend": 123.684629, "fair_value": 110.868129, "relative_strength": 17.929473, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.729625, "energy": 13.913665, "activity_lines": [ 134.411045, 139.036158, 139.675044, 132.66017 ] }, { "date": "2023-09-22", "close": 138.30397, "volume": 13246056, "typical_volume": 26019078.25, "trend": 124.578028, "fair_value": 111.339621, "relative_strength": 24.590739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.917455, "energy": 12.447351, "activity_lines": [ 135.526908, 138.186086, 140.168798, 133.603354 ] }, { "date": "2023-09-29", "close": 139.215012, "volume": 8876711, "typical_volume": 25514468.75, "trend": 125.615834, "fair_value": 111.833283, "relative_strength": 25.745975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.4665, "energy": 10.795835, "activity_lines": [ 136.744215, 137.806513, 140.548906, 134.547675 ] }, { "date": "2023-10-13", "close": 122.719337, "volume": 24860581, "typical_volume": 26195190.95, "trend": 126.333149, "fair_value": 112.195726, "relative_strength": 11.314177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.697051, "energy": 11.623052, "activity_lines": [ 132.143776, 134.54403, 139.184188, 134.360804 ] }, { "date": "2023-10-20", "close": 113.095245, "volume": 17851806, "typical_volume": 26591937.05, "trend": 127.025522, "fair_value": 112.486714, "relative_strength": 8.019772, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.787945, "energy": 44.12677, "activity_lines": [ 125.392373, 130.081333, 136.81774, 133.506746 ] }, { "date": "2023-10-27", "close": 120.654953, "volume": 21901194, "typical_volume": 26707258.5, "trend": 127.451085, "fair_value": 112.82383, "relative_strength": 12.775949, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.274402, "energy": 46.619757, "activity_lines": [ 122.703183, 127.757382, 135.128712, 133.095742 ] }, { "date": "2023-11-03", "close": 121.149246, "volume": 17230561, "typical_volume": 26955322.3, "trend": 127.925248, "fair_value": 113.158404, "relative_strength": 12.01101, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.855471, "energy": 50.988613, "activity_lines": [ 120.820364, 125.988692, 133.456899, 132.689171 ] }, { "date": "2023-11-10", "close": 114.248581, "volume": 21875458, "typical_volume": 25471196.85, "trend": 127.968294, "fair_value": 113.449787, "relative_strength": 3.975653, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.622642, "energy": 58.872574, "activity_lines": [ 117.780972, 123.222084, 131.078035, 131.806806 ] }, { "date": "2023-11-17", "close": 133.942596, "volume": 39595381, "typical_volume": 25895375.1, "trend": 128.899419, "fair_value": 113.918983, "relative_strength": 21.328343, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.889605, "energy": 22.749558, "activity_lines": [ 122.97068, 124.40309, 130.695849, 132.192245 ] }, { "date": "2023-11-24", "close": 130.39534, "volume": 23266037, "typical_volume": 24902722.05, "trend": 129.858146, "fair_value": 114.336648, "relative_strength": 19.146534, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.361464, "energy": 12.121446, "activity_lines": [ 126.229751, 125.023372, 130.071271, 132.288756 ] }, { "date": "2023-12-01", "close": 124.870941, "volume": 23627090, "typical_volume": 23095276.85, "trend": 130.699543, "fair_value": 114.69557, "relative_strength": 14.847389, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.107528, "energy": 8.419038, "activity_lines": [ 126.494017, 124.745301, 129.018726, 131.967 ] }, { "date": "2023-12-08", "close": 119.908676, "volume": 14042319, "typical_volume": 21665291.4, "trend": 131.48925, "fair_value": 114.986032, "relative_strength": 11.617616, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.872628, "energy": 22.481307, "activity_lines": [ 124.823129, 123.663329, 127.636748, 131.270816 ] }, { "date": "2023-12-15", "close": 124.987259, "volume": 16663750, "typical_volume": 20630503.85, "trend": 132.231653, "fair_value": 115.277494, "relative_strength": 17.735829, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.778824, "energy": 20.049946, "activity_lines": [ 124.927807, 123.839195, 126.905884, 130.851332 ] }, { "date": "2023-12-22", "close": 118.028442, "volume": 10925630, "typical_volume": 19523937.05, "trend": 132.671344, "fair_value": 115.563945, "relative_strength": 12.551019, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.14486, "energy": 39.660739, "activity_lines": [ 121.996966, 123.008509, 125.610488, 129.934996 ] }, { "date": "2023-12-29", "close": 125.520302, "volume": 15941131, "typical_volume": 19292381.15, "trend": 133.383378, "fair_value": 115.917453, "relative_strength": 15.271371, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.45265, "energy": 30.626508, "activity_lines": [ 122.624357, 123.625268, 125.194888, 129.473638 ] }, { "date": "2024-01-05", "close": 110.672256, "volume": 16289227, "typical_volume": 19195566.95, "trend": 133.259645, "fair_value": 116.187078, "relative_strength": 5.730848, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.866951, "energy": 45.589906, "activity_lines": [ 118.627401, 121.316472, 123.506183, 128.008405 ] }, { "date": "2024-01-12", "close": 110.439644, "volume": 17091088, "typical_volume": 18815039.15, "trend": 133.251568, "fair_value": 116.447783, "relative_strength": 6.372812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.556822, "energy": 61.995052, "activity_lines": [ 115.499486, 119.146886, 121.964748, 126.536147 ] }, { "date": "2024-01-19", "close": 98.567024, "volume": 27405927, "typical_volume": 19306521.5, "trend": 131.88145, "fair_value": 116.641283, "relative_strength": -2.926118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.549311, "energy": 75.999682, "activity_lines": [ 109.045301, 115.013363, 119.41083, 124.298434 ] }, { "date": "2024-01-26", "close": 90.018738, "volume": 22735427, "typical_volume": 19352369.55, "trend": 129.749223, "fair_value": 116.701773, "relative_strength": -11.127817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.952626, "energy": 88.772656, "activity_lines": [ 101.503035, 109.610725, 116.213552, 121.597614 ] }, { "date": "2024-02-02", "close": 80.394638, "volume": 22389070, "typical_volume": 19830728.6, "trend": 127.395374, "fair_value": 116.676688, "relative_strength": -13.669642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.290321, "energy": 94.096482, "activity_lines": [ 92.620051, 103.256866, 112.330916, 118.413447 ] }, { "date": "2024-02-09", "close": 87.84774, "volume": 30995577, "typical_volume": 20340501.05, "trend": 125.159121, "fair_value": 116.605143, "relative_strength": -13.706943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.610717, "energy": 88.101156, "activity_lines": [ 89.229811, 99.16722, 109.42398, 115.861987 ] }, { "date": "2024-02-23", "close": 96.240967, "volume": 43226220, "typical_volume": 21839509.25, "trend": 123.198119, "fair_value": 116.46701, "relative_strength": -8.158828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.113729, "energy": 83.332319, "activity_lines": [ 90.158947, 97.276764, 107.518453, 113.9963 ] }, { "date": "2024-03-01", "close": 99.730057, "volume": 34235982, "typical_volume": 23107472.8, "trend": 121.66873, "fair_value": 116.417793, "relative_strength": -8.670151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.875947, "energy": 57.20011, "activity_lines": [ 93.197692, 96.451011, 106.145521, 112.482231 ] }, { "date": "2024-03-08", "close": 99.148537, "volume": 25772462, "typical_volume": 23153066.85, "trend": 119.875399, "fair_value": 116.382959, "relative_strength": -8.736294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.793697, "energy": 43.380837, "activity_lines": [ 95.965062, 95.978748, 104.905229, 111.029315 ] }, { "date": "2024-03-15", "close": 118.348274, "volume": 38284154, "typical_volume": 24174684.25, "trend": 118.649368, "fair_value": 116.456772, "relative_strength": 5.615676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.015523, "energy": 19.663003, "activity_lines": [ 104.523691, 99.340618, 105.605726, 110.930791 ] }, { "date": "2024-03-22", "close": 108.132965, "volume": 55097129, "typical_volume": 25834481.0, "trend": 117.378755, "fair_value": 116.522873, "relative_strength": -3.416546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.958755, "energy": 23.865222, "activity_lines": [ 107.146974, 100.975559, 105.308322, 110.252314 ] }, { "date": "2024-03-29", "close": 120.674347, "volume": 40970749, "typical_volume": 27021490.4, "trend": 116.892219, "fair_value": 116.743897, "relative_strength": 8.84215, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.934783, "energy": 19.033408, "activity_lines": [ 112.59837, 104.936921, 106.264963, 110.464932 ] }, { "date": "2024-04-05", "close": 124.008362, "volume": 14032809, "typical_volume": 26629357.95, "trend": 116.544925, "fair_value": 117.003975, "relative_strength": 9.498744, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.638633, "energy": 32.459083, "activity_lines": [ 117.532212, 109.318382, 107.541391, 110.924038 ] }, { "date": "2024-04-12", "close": 127.856064, "volume": 25059063, "typical_volume": 25902542.05, "trend": 116.187615, "fair_value": 117.320641, "relative_strength": 15.879118, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.354178, "energy": 35.648115, "activity_lines": [ 122.130068, 113.936855, 109.137792, 111.653789 ] }, { "date": "2024-04-19", "close": 114.37458, "volume": 20744864, "typical_volume": 25776483.4, "trend": 115.459105, "fair_value": 117.561999, "relative_strength": 2.61174, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.388299, "energy": 30.368934, "activity_lines": [ 120.32026, 115.416197, 109.479226, 111.536819 ] }, { "date": "2024-04-26", "close": 114.393959, "volume": 23484923, "typical_volume": 25769375.05, "trend": 114.929602, "fair_value": 117.790282, "relative_strength": 0.131356, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.879607, "energy": 25.567148, "activity_lines": [ 118.781825, 116.281246, 109.898794, 111.4681 ] }, { "date": "2024-05-03", "close": 122.866867, "volume": 12367691, "typical_volume": 25685643.65, "trend": 114.415032, "fair_value": 118.0121, "relative_strength": 5.503511, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.400718, "energy": 20.819981, "activity_lines": [ 119.650293, 118.204166, 111.175197, 111.980182 ] }, { "date": "2024-05-10", "close": 106.30175, "volume": 39396048, "typical_volume": 26822258.55, "trend": 113.317923, "fair_value": 118.146763, "relative_strength": -10.375728, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.004687, "energy": 8.032486, "activity_lines": [ 114.850888, 116.631138, 110.859882, 111.456744 ] }, { "date": "2024-05-17", "close": 105.042526, "volume": 18076733, "typical_volume": 27179813.7, "trend": 112.728696, "fair_value": 118.253586, "relative_strength": -11.547222, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.76279, "energy": 13.804605, "activity_lines": [ 110.812182, 114.709675, 110.51362, 110.922848 ] }, { "date": "2024-05-24", "close": 97.204117, "volume": 22565965, "typical_volume": 27511055.4, "trend": 112.198992, "fair_value": 118.250183, "relative_strength": -15.803712, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.674224, "energy": 31.056289, "activity_lines": [ 105.681575, 111.255884, 109.482681, 109.921262 ] }, { "date": "2024-05-31", "close": 98.033844, "volume": 21452925, "typical_volume": 27769240.3, "trend": 111.444955, "fair_value": 118.233865, "relative_strength": -14.675305, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.898525, "energy": 40.623696, "activity_lines": [ 101.972242, 108.337391, 108.665602, 109.007382 ] }, { "date": "2024-06-07", "close": 97.018654, "volume": 25560206, "typical_volume": 28192696.2, "trend": 110.640602, "fair_value": 118.24149, "relative_strength": -14.692164, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.271938, "energy": 53.028777, "activity_lines": [ 99.015187, 105.417939, 107.812022, 108.076652 ] }, { "date": "2024-06-14", "close": 98.834274, "volume": 24960711, "typical_volume": 28070435.4, "trend": 110.126791, "fair_value": 118.273461, "relative_strength": -13.101812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.159763, "energy": 56.26097, "activity_lines": [ 98.386552, 103.258703, 107.195267, 107.314954 ] }, { "date": "2024-06-21", "close": 92.001289, "volume": 36313928, "typical_volume": 28749360.45, "trend": 108.728748, "fair_value": 118.188687, "relative_strength": -17.423681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.023298, "energy": 62.442834, "activity_lines": [ 95.978087, 100.314817, 105.926479, 106.145567 ] }, { "date": "2024-06-28", "close": 85.012115, "volume": 23892871, "typical_volume": 28824550.5, "trend": 107.215974, "fair_value": 118.06539, "relative_strength": -21.495795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.685773, "energy": 73.164467, "activity_lines": [ 92.109314, 96.752077, 103.982614, 104.615461 ] }, { "date": "2024-07-05", "close": 83.020798, "volume": 27533718, "typical_volume": 28651457.55, "trend": 105.820969, "fair_value": 117.948719, "relative_strength": -21.444097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.148847, "energy": 76.564882, "activity_lines": [ 88.389568, 93.361142, 101.827113, 103.054482 ] }, { "date": "2024-07-12", "close": 104.007828, "volume": 76913195, "typical_volume": 30335806.3, "trend": 105.290941, "fair_value": 117.949036, "relative_strength": -3.048979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.369416, "energy": 50.512692, "activity_lines": [ 92.666369, 94.356452, 101.693361, 102.937505 ] }, { "date": "2024-07-19", "close": 97.409111, "volume": 73061769, "typical_volume": 32277095.65, "trend": 104.371669, "fair_value": 117.937834, "relative_strength": -9.227487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.540044, "energy": 35.954285, "activity_lines": [ 94.277652, 94.494887, 100.894176, 102.429 ] }, { "date": "2024-07-26", "close": 88.828835, "volume": 50471443, "typical_volume": 33512044.7, "trend": 103.398349, "fair_value": 117.867075, "relative_strength": -13.772389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.124517, "energy": 35.353128, "activity_lines": [ 93.123854, 93.234956, 99.288873, 101.426237 ] }, { "date": "2024-08-02", "close": 87.833168, "volume": 45969822, "typical_volume": 33896328.1, "trend": 102.142111, "fair_value": 117.753058, "relative_strength": -13.861549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.099507, "energy": 31.362558, "activity_lines": [ 91.849664, 92.088789, 97.637886, 100.422032 ] }, { "date": "2024-08-09", "close": 84.924271, "volume": 30209809, "typical_volume": 32651962.1, "trend": 101.283845, "fair_value": 117.563819, "relative_strength": -14.624007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.280952, "energy": 49.322004, "activity_lines": [ 89.417772, 90.584112, 95.855172, 99.311203 ] }, { "date": "2024-08-16", "close": 88.360275, "volume": 26760084, "typical_volume": 31941428.85, "trend": 100.547866, "fair_value": 117.494365, "relative_strength": -10.234143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.300401, "energy": 55.979332, "activity_lines": [ 88.004316, 89.94252, 94.510214, 98.477425 ] }, { "date": "2024-08-23", "close": 86.944878, "volume": 34846380, "typical_volume": 32982107.4, "trend": 100.160461, "fair_value": 117.356863, "relative_strength": -9.429862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.039191, "energy": 56.403933, "activity_lines": [ 87.162232, 89.201007, 93.184332, 97.599812 ] }, { "date": "2024-08-30", "close": 89.014305, "volume": 30615001, "typical_volume": 33259904.3, "trend": 100.12698, "fair_value": 117.295911, "relative_strength": -8.784491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.277235, "energy": 45.117037, "activity_lines": [ 87.707571, 89.051925, 92.232032, 96.880706 ] }, { "date": "2024-09-06", "close": 94.939476, "volume": 37621838, "typical_volume": 34103753.0, "trend": 100.611808, "fair_value": 117.255027, "relative_strength": 0.154661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.063248, "energy": 24.381847, "activity_lines": [ 90.215604, 90.034455, 92.028994, 96.546028 ] }, { "date": "2024-09-13", "close": 87.69651, "volume": 31019304, "typical_volume": 34480472.05, "trend": 100.606767, "fair_value": 117.200833, "relative_strength": -5.427821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.221596, "energy": 23.91781, "activity_lines": [ 89.83556, 89.519585, 91.228698, 95.712783 ] }, { "date": "2024-09-20", "close": 91.942726, "volume": 15259779, "typical_volume": 34625076.45, "trend": 100.463492, "fair_value": 117.229695, "relative_strength": -1.669888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.934152, "energy": 17.609257, "activity_lines": [ 90.686106, 89.691742, 90.959934, 95.153812 ] }, { "date": "2024-09-27", "close": 106.30175, "volume": 34268017, "typical_volume": 34368674.9, "trend": 100.682548, "fair_value": 117.350047, "relative_strength": -3.247221, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.686571, "energy": 12.260676, "activity_lines": [ 96.084163, 92.693995, 92.205955, 95.530474 ] }, { "date": "2024-10-04", "close": 116.931931, "volume": 8599929, "typical_volume": 33894834.7, "trend": 101.275328, "fair_value": 117.588468, "relative_strength": -3.430614, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.329636, "energy": 43.636366, "activity_lines": [ 103.735155, 97.467325, 94.464373, 96.578822 ] }, { "date": "2024-10-11", "close": 112.978554, "volume": 46029907, "typical_volume": 35068031.8, "trend": 101.096338, "fair_value": 117.804256, "relative_strength": -1.929063, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.202344, "energy": 55.586682, "activity_lines": [ 108.20718, 101.010893, 96.289663, 97.333868 ] }, { "date": "2024-10-18", "close": 115.799606, "volume": 36502181, "typical_volume": 35820494.6, "trend": 101.351892, "fair_value": 118.064168, "relative_strength": -2.196328, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.391268, "energy": 66.188759, "activity_lines": [ 112.416951, 104.610191, 98.308508, 98.282466 ] }, { "date": "2024-10-25", "close": 118.357101, "volume": 33662597, "typical_volume": 36225614.15, "trend": 101.274651, "fair_value": 118.33838, "relative_strength": -2.393663, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.566508, "energy": 70.101415, "activity_lines": [ 115.60568, 108.113118, 100.486326, 99.379577 ] }, { "date": "2024-11-01", "close": 115.799606, "volume": 28858986, "typical_volume": 36420527.9, "trend": 101.001026, "fair_value": 118.563079, "relative_strength": -2.79324, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.031408, "energy": 60.531007, "activity_lines": [ 116.180953, 110.605649, 102.318961, 100.31667 ] }, { "date": "2024-11-08", "close": 131.759521, "volume": 33794648, "typical_volume": 36294563.9, "trend": 101.131141, "fair_value": 118.880912, "relative_strength": 3.691973, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.193982, "energy": 76.633669, "activity_lines": [ 121.443007, 115.475352, 105.5908, 102.30109 ] }, { "date": "2024-11-15", "close": 121.968811, "volume": 27671483, "typical_volume": 36483494.5, "trend": 101.384282, "fair_value": 119.081379, "relative_strength": -0.310236, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.129518, "energy": 56.894233, "activity_lines": [ 122.452984, 117.78774, 107.740866, 103.645455 ] }, { "date": "2024-11-22", "close": 126.703102, "volume": 27182940, "typical_volume": 36465955.6, "trend": 101.794587, "fair_value": 119.296866, "relative_strength": 6.86896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.795291, "energy": 52.250479, "activity_lines": [ 124.441709, 120.469465, 110.165833, 105.278928 ] }, { "date": "2024-11-29", "close": 121.890732, "volume": 24593132, "typical_volume": 33849952.45, "trend": 101.762049, "fair_value": 119.417357, "relative_strength": 1.437116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.494243, "energy": 47.689759, "activity_lines": [ 124.09941, 121.567004, 111.924467, 106.575453 ] }, { "date": "2024-12-06", "close": 116.063164, "volume": 27736595, "typical_volume": 31583693.75, "trend": 102.087429, "fair_value": 119.472482, "relative_strength": -4.681794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.205788, "energy": 37.68287, "activity_lines": [ 121.579013, 121.060475, 113.042939, 107.498106 ] }, { "date": "2024-12-13", "close": 113.62281, "volume": 27360582, "typical_volume": 30428150.7, "trend": 102.373439, "fair_value": 119.518797, "relative_strength": -5.69163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.843003, "energy": 26.457293, "activity_lines": [ 118.227594, 119.932766, 113.840167, 108.242324 ] }, { "date": "2024-12-20", "close": 110.059898, "volume": 20379197, "typical_volume": 29148619.45, "trend": 102.801965, "fair_value": 119.453624, "relative_strength": -7.607958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.414278, "energy": 20.1068, "activity_lines": [ 114.897653, 118.21742, 114.180003, 108.738224 ] }, { "date": "2024-12-27", "close": 110.792, "volume": 29646071, "typical_volume": 29120432.55, "trend": 103.227237, "fair_value": 119.368767, "relative_strength": -6.724178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.049168, "energy": 21.383449, "activity_lines": [ 112.605672, 116.68825, 114.483722, 109.253711 ] }, { "date": "2025-01-03", "close": 99.546867, "volume": 23886794, "typical_volume": 28976768.05, "trend": 103.31151, "fair_value": 119.138074, "relative_strength": -9.242832, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.041348, "energy": 15.404657, "activity_lines": [ 107.626054, 113.205557, 113.593297, 109.016267 ] }, { "date": "2025-01-10", "close": 99.712807, "volume": 23902773, "typical_volume": 28429587.7, "trend": 103.340795, "fair_value": 118.950122, "relative_strength": -7.838992, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.066054, "energy": 21.628173, "activity_lines": [ 104.191341, 110.09504, 112.665405, 108.784093 ] }, { "date": "2025-01-17", "close": 102.211723, "volume": 29223003, "typical_volume": 28359987.8, "trend": 103.681143, "fair_value": 118.757381, "relative_strength": -8.573336, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.950405, "energy": 32.150875, "activity_lines": [ 102.679623, 107.731359, 111.914706, 108.71125 ] }, { "date": "2025-01-24", "close": 108.156425, "volume": 28800846, "typical_volume": 27918938.2, "trend": 104.45262, "fair_value": 118.478025, "relative_strength": -4.3725, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.09172, "energy": 29.227035, "activity_lines": [ 103.910211, 106.985765, 111.667324, 108.999977 ] }, { "date": "2025-01-31", "close": 105.921066, "volume": 3515387, "typical_volume": 26543742.35, "trend": 105.215962, "fair_value": 118.285853, "relative_strength": -5.114641, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.513373, "energy": 26.925688, "activity_lines": [ 104.522579, 106.084876, 111.144113, 109.094716 ] }, { "date": "2025-02-07", "close": 130.392914, "volume": 45418324, "typical_volume": 28051669.6, "trend": 106.095465, "fair_value": 118.300171, "relative_strength": 11.710401, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.358389, "energy": 29.228399, "activity_lines": [ 113.616957, 110.01127, 112.86477, 110.719035 ] }, { "date": "2025-02-14", "close": 127.288788, "volume": 62441045, "typical_volume": 29460321.0, "trend": 107.091454, "fair_value": 118.19874, "relative_strength": 6.940622, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.949537, "energy": 43.424937, "activity_lines": [ 119.620224, 113.218692, 114.106701, 112.086347 ] }, { "date": "2025-02-21", "close": 131.125015, "volume": 43476874, "typical_volume": 31204168.25, "trend": 108.501327, "fair_value": 118.141661, "relative_strength": 7.492899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.215637, "energy": 72.34052, "activity_lines": [ 125.063835, 116.919507, 115.614048, 113.636899 ] }, { "date": "2025-02-28", "close": 120.738884, "volume": 43133834, "typical_volume": 31059364.6, "trend": 109.598184, "fair_value": 118.072239, "relative_strength": 2.381037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.225976, "energy": 67.869886, "activity_lines": [ 125.117849, 118.413714, 116.064653, 114.426419 ] }, { "date": "2025-03-07", "close": 119.577271, "volume": 25984173, "typical_volume": 30533464.2, "trend": 110.753284, "fair_value": 118.130191, "relative_strength": -0.854196, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.838608, "energy": 63.221004, "activity_lines": [ 123.945828, 119.502554, 116.367675, 115.070231 ] }, { "date": "2025-03-14", "close": 121.041481, "volume": 29514425, "typical_volume": 30326055.6, "trend": 111.842657, "fair_value": 118.137322, "relative_strength": -0.649433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.500472, "energy": 37.444648, "activity_lines": [ 122.351464, 120.697882, 116.792157, 115.733986 ] }, { "date": "2025-03-21", "close": 112.646667, "volume": 31610964, "typical_volume": 30463654.5, "trend": 112.699384, "fair_value": 118.048285, "relative_strength": -4.898565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.049387, "energy": 13.369821, "activity_lines": [ 118.582257, 119.976069, 116.404349, 115.785857 ] }, { "date": "2025-03-28", "close": 110.382027, "volume": 18288750, "typical_volume": 29688359.6, "trend": 113.411641, "fair_value": 118.031841, "relative_strength": -5.708081, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.861339, "energy": 14.97784, "activity_lines": [ 115.034311, 118.607343, 115.815876, 115.63635 ] }, { "date": "2025-04-04", "close": 103.793076, "volume": 17517324, "typical_volume": 29180651.65, "trend": 113.706761, "fair_value": 117.957216, "relative_strength": -8.796587, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.611694, "energy": 29.973139, "activity_lines": [ 110.672915, 115.892074, 114.701681, 115.015798 ] }, { "date": "2025-04-11", "close": 98.473099, "volume": 34569703, "typical_volume": 29549989.8, "trend": 114.065981, "fair_value": 117.803117, "relative_strength": -8.178798, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.665001, "energy": 60.308039, "activity_lines": [ 105.667913, 112.28887, 113.167373, 114.032981 ] }, { "date": "2025-04-18", "close": 99.203514, "volume": 18980669, "typical_volume": 29269366.65, "trend": 114.308007, "fair_value": 117.699071, "relative_strength": -6.638966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.575445, "energy": 73.306546, "activity_lines": [ 102.313328, 108.953887, 111.837056, 113.074112 ] }, { "date": "2025-04-25", "close": 104.193321, "volume": 37942096, "typical_volume": 29779641.7, "trend": 114.237726, "fair_value": 117.610452, "relative_strength": -3.01047, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.593049, "energy": 69.32228, "activity_lines": [ 102.077876, 107.093221, 111.089994, 112.421552 ] }, { "date": "2025-05-02", "close": 103.017509, "volume": 11896587, "typical_volume": 29006441.95, "trend": 113.773912, "fair_value": 117.592293, "relative_strength": -3.525271, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.297485, "energy": 62.156903, "activity_lines": [ 102.014043, 105.438689, 110.287473, 111.697667 ] }, { "date": "2025-05-09", "close": 104.07476, "volume": 16691138, "typical_volume": 28822039.0, "trend": 113.477119, "fair_value": 117.59901, "relative_strength": -4.610031, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.142264, "energy": 50.762804, "activity_lines": [ 102.793595, 104.48743, 109.636144, 111.071915 ] }, { "date": "2025-05-16", "close": 106.564728, "volume": 22265394, "typical_volume": 28453005.15, "trend": 113.16929, "fair_value": 117.598111, "relative_strength": -2.773394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.535307, "energy": 29.890293, "activity_lines": [ 104.384358, 104.291877, 109.250455, 110.625954 ] }, { "date": "2025-05-23", "close": 104.341537, "volume": 26259001, "typical_volume": 28571615.5, "trend": 112.702104, "fair_value": 117.531126, "relative_strength": -4.355656, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -40.715087, "energy": 26.768472, "activity_lines": [ 104.694614, 103.928698, 108.673163, 110.056422 ] }, { "date": "2025-05-30", "close": 109.242432, "volume": 40015185, "typical_volume": 29377236.1, "trend": 112.483532, "fair_value": 117.486507, "relative_strength": 0.977903, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -34.804981, "energy": 18.135132, "activity_lines": [ 106.295968, 104.760227, 108.539792, 109.833217 ] }, { "date": "2025-06-06", "close": 102.562996, "volume": 27500304, "typical_volume": 29291101.15, "trend": 111.510314, "fair_value": 117.349946, "relative_strength": -6.459527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.439451, "energy": 21.651446, "activity_lines": [ 105.334236, 104.439208, 107.724905, 109.193182 ] }, { "date": "2025-06-13", "close": 96.881516, "volume": 35674057, "typical_volume": 29634761.7, "trend": 110.674071, "fair_value": 117.199637, "relative_strength": -10.926827, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.844016, "energy": 38.531903, "activity_lines": [ 102.508977, 103.227357, 106.367252, 108.249389 ] }, { "date": "2025-06-20", "close": 97.395317, "volume": 22418376, "typical_volume": 30579911.15, "trend": 109.697145, "fair_value": 117.071032, "relative_strength": -9.339292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.418639, "energy": 50.678781, "activity_lines": [ 100.334536, 102.234589, 105.112222, 107.392695 ] }, { "date": "2025-06-27", "close": 100.912888, "volume": 32847538, "typical_volume": 29951371.85, "trend": 108.997883, "fair_value": 116.865391, "relative_strength": -9.464429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.258488, "energy": 52.010669, "activity_lines": [ 99.943912, 101.900975, 104.232797, 106.825969 ] }, { "date": "2025-07-04", "close": 100.408974, "volume": 17543272, "typical_volume": 27706483.2, "trend": 108.476077, "fair_value": 116.615623, "relative_strength": -11.033873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.305338, "energy": 54.538972, "activity_lines": [ 99.613893, 101.444661, 103.445762, 106.271846 ] }, { "date": "2025-07-11", "close": 100.744919, "volume": 18068821, "typical_volume": 26436080.55, "trend": 108.046814, "fair_value": 116.34472, "relative_strength": -11.932531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.784342, "energy": 45.724306, "activity_lines": [ 99.984754, 101.118235, 102.818721, 105.773061 ] }, { "date": "2025-07-18", "close": 102.167763, "volume": 20926611, "typical_volume": 25325719.4, "trend": 107.783743, "fair_value": 116.02011, "relative_strength": -12.221257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.312041, "energy": 29.880544, "activity_lines": [ 100.9511, 101.091827, 102.471856, 105.393768 ] }, { "date": "2025-07-25", "close": 103.205238, "volume": 24090399, "typical_volume": 25231030.7, "trend": 107.530851, "fair_value": 115.756329, "relative_strength": -13.178073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.044782, "energy": 21.586667, "activity_lines": [ 101.910856, 101.288723, 102.312232, 105.09838 ] }, { "date": "2025-08-01", "close": 101.693474, "volume": 33265510, "typical_volume": 25418584.95, "trend": 107.602404, "fair_value": 115.455119, "relative_strength": -12.913655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.600616, "energy": 17.441, "activity_lines": [ 101.979362, 101.271835, 102.086593, 104.721775 ] }, { "date": "2025-08-08", "close": 102.068954, "volume": 25353148, "typical_volume": 25105694.15, "trend": 107.680943, "fair_value": 115.095096, "relative_strength": -13.522828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.081705, "energy": 15.454489, "activity_lines": [ 102.120988, 101.371363, 101.988847, 104.364779 ] }, { "date": "2025-08-15", "close": 107.661499, "volume": 61094714, "typical_volume": 27245992.35, "trend": 107.862602, "fair_value": 114.674982, "relative_strength": -12.540897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.439616, "energy": 7.816513, "activity_lines": [ 104.016131, 102.618144, 102.474094, 104.363524 ] }, { "date": "2025-08-22", "close": 117.759705, "volume": 57009145, "typical_volume": 29220583.4, "trend": 108.182711, "fair_value": 114.225207, "relative_strength": -8.358183, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.630763, "energy": 33.625832, "activity_lines": [ 108.816238, 105.608262, 103.93403, 105.002047 ] }, { "date": "2025-08-29", "close": 125.61496, "volume": 62763842, "typical_volume": 30630290.35, "trend": 108.839174, "fair_value": 113.885709, "relative_strength": -6.195376, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.601678, "energy": 68.307477, "activity_lines": [ 115.1953, 109.647005, 106.075578, 106.126708 ] }, { "date": "2025-09-05", "close": 121.632988, "volume": 52149635, "typical_volume": 32288738.65, "trend": 108.547177, "fair_value": 113.658756, "relative_strength": -8.069314, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.217678, "energy": 73.357962, "activity_lines": [ 118.753056, 112.448669, 107.708644, 106.952116 ] }, { "date": "2025-09-12", "close": 118.214218, "volume": 39398149, "typical_volume": 32361541.3, "trend": 108.244691, "fair_value": 113.437996, "relative_strength": -12.665532, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.953656, "energy": 70.34587, "activity_lines": [ 119.841922, 114.252009, 108.909305, 107.575796 ] }, { "date": "2025-09-19", "close": 132.679749, "volume": 82895564, "typical_volume": 35911490.15, "trend": 108.296515, "fair_value": 113.300945, "relative_strength": -2.85873, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.805563, "energy": 86.577662, "activity_lines": [ 124.67628, 118.361714, 111.42087, 109.152251 ] }, { "date": "2025-09-26", "close": 141.770111, "volume": 63125561, "typical_volume": 38233211.3, "trend": 108.997556, "fair_value": 113.331263, "relative_strength": 2.794372, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.081267, "energy": 88.4942, "activity_lines": [ 130.872876, 123.543579, 114.656935, 111.311838 ] }, { "date": "2025-10-03", "close": 149.42775, "volume": 22722406, "typical_volume": 38256061.9, "trend": 109.992572, "fair_value": 113.31788, "relative_strength": 5.814796, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.812667, "energy": 92.277434, "activity_lines": [ 138.021324, 129.397699, 118.442797, 113.920237 ] }, { "date": "2025-10-10", "close": 138.203125, "volume": 22260445, "typical_volume": 38056134.1, "trend": 110.564627, "fair_value": 113.380314, "relative_strength": -0.718802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.975451, "energy": 81.916582, "activity_lines": [ 139.840712, 132.370569, 120.955537, 115.740273 ] }, { "date": "2025-10-17", "close": 123.431297, "volume": 62950009, "typical_volume": 39202875.3, "trend": 110.924115, "fair_value": 113.306605, "relative_strength": -6.422349, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.335606, "energy": 55.610805, "activity_lines": [ 135.63148, 131.99384, 121.900191, 116.570381 ] }, { "date": "2025-10-24", "close": 126.622803, "volume": 40358859, "typical_volume": 39845803.05, "trend": 111.465474, "fair_value": 113.26608, "relative_strength": -8.063754, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.208517, "energy": 44.21736, "activity_lines": [ 132.138279, 131.808979, 123.081232, 117.583199 ] }, { "date": "2025-10-31", "close": 117.068047, "volume": 67131118, "typical_volume": 41418656.1, "trend": 111.907973, "fair_value": 113.172028, "relative_strength": -15.200968, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.392868, "energy": 21.91412, "activity_lines": [ 125.863956, 129.542138, 123.237726, 117.944656 ] }, { "date": "2025-11-07", "close": 113.827133, "volume": 36800699, "typical_volume": 42137772.25, "trend": 112.419774, "fair_value": 113.138129, "relative_strength": -17.19638, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.347503, "energy": 23.049697, "activity_lines": [ 120.156132, 126.698616, 122.989435, 118.068473 ] }, { "date": "2025-11-14", "close": 111.791687, "volume": 28877294, "typical_volume": 41939260.05, "trend": 112.83938, "fair_value": 113.21418, "relative_strength": -17.070922, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.44193, "energy": 22.040392, "activity_lines": [ 116.143201, 123.699337, 122.469045, 118.027951 ] }, { "date": "2025-11-21", "close": 106.149734, "volume": 26425074, "typical_volume": 42383350.15, "trend": 112.904594, "fair_value": 113.120441, "relative_strength": -16.419814, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.076346, "energy": 34.773101, "activity_lines": [ 112.010381, 119.853181, 121.359523, 117.596361 ] }, { "date": "2025-11-28", "close": 108.679222, "volume": 24754710, "typical_volume": 42717644.6, "trend": 113.093317, "fair_value": 113.095304, "relative_strength": -16.875804, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.618781, "energy": 36.379414, "activity_lines": [ 109.872828, 116.686286, 120.463567, 117.323756 ] }, { "date": "2025-12-05", "close": 109.252312, "volume": 20565515, "typical_volume": 42699589.8, "trend": 113.265903, "fair_value": 113.108683, "relative_strength": -17.09002, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.986638, "energy": 45.077719, "activity_lines": [ 109.122544, 114.059962, 119.584409, 117.075949 ] }, { "date": "2025-12-12", "close": 112.15728, "volume": 30864462, "typical_volume": 43038292.95, "trend": 113.452321, "fair_value": 113.165084, "relative_strength": -15.246739, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.65821, "energy": 39.286051, "activity_lines": [ 109.861631, 112.553048, 118.948178, 117.004425 ] }, { "date": "2025-12-19", "close": 123.510345, "volume": 74137721, "typical_volume": 45081903.5, "trend": 114.091281, "fair_value": 113.248733, "relative_strength": -5.658126, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 6.920474, "energy": 11.541249, "activity_lines": [ 114.496397, 113.787972, 119.350563, 117.65333 ] }, { "date": "2025-12-26", "close": 121.237755, "volume": 75298275, "typical_volume": 47579159.85, "trend": 114.491125, "fair_value": 113.316207, "relative_strength": -10.293948, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.175318, "energy": 19.326569, "activity_lines": [ 117.592389, 114.876839, 119.432621, 118.114393 ] }, { "date": "2026-01-02", "close": 118.866364, "volume": 30414778, "typical_volume": 46045163.05, "trend": 115.034571, "fair_value": 113.351059, "relative_strength": -11.317768, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.976681, "energy": 24.419871, "activity_lines": [ 118.89205, 115.574426, 119.197553, 118.396666 ] }, { "date": "2026-01-09", "close": 133.045334, "volume": 107572898, "typical_volume": 48573350.7, "trend": 116.240032, "fair_value": 113.538023, "relative_strength": -4.783115, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.824925, "energy": 43.453259, "activity_lines": [ 124.238891, 118.991035, 120.259506, 119.558651 ] }, { "date": "2026-01-16", "close": 134.250793, "volume": 81191914, "typical_volume": 49494754.3, "trend": 117.468547, "fair_value": 113.747849, "relative_strength": -4.881412, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.770549, "energy": 65.495811, "activity_lines": [ 128.40135, 122.336321, 121.363475, 120.720636 ] }, { "date": "2026-01-23", "close": 133.223206, "volume": 62453456, "typical_volume": 50009945.35, "trend": 118.545558, "fair_value": 113.840384, "relative_strength": -6.412663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.856676, "energy": 69.425782, "activity_lines": [ 130.748379, 125.123435, 122.328457, 121.737065 ] }, { "date": "2026-01-30", "close": 120.842522, "volume": 51955114, "typical_volume": 50637793.6, "trend": 119.226676, "fair_value": 113.867394, "relative_strength": -13.3881, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.256588, "energy": 55.212091, "activity_lines": [ 128.32099, 125.269851, 122.059134, 121.885256 ] }, { "date": "2026-02-06", "close": 117.058167, "volume": 35949099, "typical_volume": 48290470.35, "trend": 119.770451, "fair_value": 113.852292, "relative_strength": -13.634131, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.342862, "energy": 20.408235, "activity_lines": [ 124.658497, 124.46106, 121.41688, 121.745353 ] }, { "date": "2026-02-13", "close": 121.168587, "volume": 38412689, "typical_volume": 47054826.75, "trend": 120.403812, "fair_value": 113.78465, "relative_strength": -11.259308, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.253353, "energy": 12.731265, "activity_lines": [ 122.486692, 124.247275, 121.240484, 121.835555 ] }, { "date": "2026-02-27", "close": 122.56179, "volume": 28273585, "typical_volume": 47332385.7, "trend": 121.04903, "fair_value": 113.807236, "relative_strength": -12.077737, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.690771, "energy": 17.270133, "activity_lines": [ 121.57107, 124.070139, 121.294876, 121.974779 ] }, { "date": "2026-03-06", "close": 114.923904, "volume": 47755050, "typical_volume": 48607115.95, "trend": 121.490045, "fair_value": 113.827009, "relative_strength": -15.126257, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.457568, "energy": 21.334873, "activity_lines": [ 118.888753, 122.315124, 120.749783, 121.57961 ] }, { "date": "2026-03-13", "close": 115.842819, "volume": 38343421, "typical_volume": 47376786.55, "trend": 121.949174, "fair_value": 113.854835, "relative_strength": -14.594317, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.643906, "energy": 28.344882, "activity_lines": [ 117.732695, 120.883302, 120.40306, 121.215273 ] }, { "date": "2026-03-20", "close": 109.479576, "volume": 29571006, "typical_volume": 46837393.9, "trend": 122.009776, "fair_value": 113.863801, "relative_strength": -16.342214, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.753079, "energy": 49.783812, "activity_lines": [ 114.788869, 118.392616, 119.486449, 120.410783 ] }, { "date": "2026-03-27", "close": 104.776299, "volume": 27955871, "typical_volume": 44878631.55, "trend": 121.576996, "fair_value": 113.886727, "relative_strength": -18.836566, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.162446, "energy": 69.3126, "activity_lines": [ 110.782524, 115.217458, 118.203541, 119.298945 ] }, { "date": "2026-04-03", "close": 103.639999, "volume": 25316817, "typical_volume": 44304437.45, "trend": 120.844497, "fair_value": 113.959265, "relative_strength": -16.815962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.529347, "energy": 74.674308, "activity_lines": [ 107.490231, 112.349682, 116.870947, 118.14172 ] }, { "date": "2026-04-10", "close": 106.620003, "volume": 22990733, "typical_volume": 44010109.4, "trend": 120.344064, "fair_value": 113.951137, "relative_strength": -19.720853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.449043, "energy": 71.135965, "activity_lines": [ 106.452725, 110.580285, 115.870672, 117.22401 ] }, { "date": "2026-04-17", "close": 107.809998, "volume": 36623706, "typical_volume": 44520041.0, "trend": 119.997257, "fair_value": 113.956814, "relative_strength": -21.515176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.798349, "energy": 71.544364, "activity_lines": [ 106.365478, 109.510945, 115.008358, 116.415361 ] }, { "date": "2026-04-24", "close": 112.160004, "volume": 51152121, "typical_volume": 45839911.55, "trend": 119.313266, "fair_value": 113.951704, "relative_strength": -18.199224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.515783, "energy": 44.563319, "activity_lines": [ 108.263755, 109.46947, 114.552424, 115.909732 ] }, { "date": "2026-05-01", "close": 103.07, "volume": 39935036, "typical_volume": 46808387.6, "trend": 118.023262, "fair_value": 113.932865, "relative_strength": -25.082616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.976054, "energy": 43.675658, "activity_lines": [ 106.953334, 107.864325, 113.2142, 114.861779 ] }, { "date": "2026-05-08", "close": 105.050003, "volume": 24447288, "typical_volume": 46487528.9, "trend": 116.544004, "fair_value": 113.954765, "relative_strength": -25.305071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.610202, "energy": 42.142008, "activity_lines": [ 106.416668, 106.948246, 112.093987, 114.024795 ] }, { "date": "2026-05-15", "close": 105.0, "volume": 53507776, "typical_volume": 45456031.65, "trend": 115.437233, "fair_value": 113.989195, "relative_strength": -24.763815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.431035, "energy": 41.511743, "activity_lines": [ 105.769335, 106.341471, 111.002856, 113.28002 ] }, { "date": "2026-05-22", "close": 110.5, "volume": 104826072, "typical_volume": 46932421.5, "trend": 115.00619, "fair_value": 114.080749, "relative_strength": -20.427885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.421738, "energy": 33.327483, "activity_lines": [ 107.063334, 106.915131, 110.523679, 112.961489 ] }, { "date": "2026-05-29", "close": 101.760002, "volume": 105844619, "typical_volume": 50703913.55, "trend": 114.17743, "fair_value": 114.074626, "relative_strength": -26.01579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.120239, "energy": 39.361194, "activity_lines": [ 105.264668, 105.996843, 109.263254, 112.106896 ] }, { "date": "2026-06-05", "close": 94.419998, "volume": 14056283, "typical_volume": 46028082.8, "trend": 113.422495, "fair_value": 114.007846, "relative_strength": -29.460711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.150241, "energy": 54.22597, "activity_lines": [ 101.712667, 103.884364, 107.385239, 110.832223 ] }, { "date": "2026-06-12", "close": 86.949997, "volume": 9192202, "typical_volume": 42428097.2, "trend": 112.52659, "fair_value": 113.89753, "relative_strength": -32.887273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.491987, "energy": 80.271178, "activity_lines": [ 96.247332, 100.602, 104.979726, 109.12432 ] }, { "date": "2026-06-19", "close": 87.75, "volume": 28556134, "typical_volume": 40733231.1, "trend": 111.7252, "fair_value": 113.726798, "relative_strength": -36.198488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.34232, "energy": 88.650521, "activity_lines": [ 92.255332, 97.768545, 102.875646, 107.525831 ] }, { "date": "2026-06-26", "close": 78.900002, "volume": 10446592, "typical_volume": 38657805.0, "trend": 110.816876, "fair_value": 113.523067, "relative_strength": -41.104846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.846066, "energy": 94.586616, "activity_lines": [ 86.463333, 93.669091, 100.145248, 105.408076 ] }, { "date": "2026-07-03", "close": 86.480003, "volume": 17002845, "typical_volume": 37710492.3, "trend": 110.076902, "fair_value": 113.182102, "relative_strength": -34.058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.540852, "energy": 86.93423, "activity_lines": [ 85.304668, 91.473455, 98.336481, 103.837955 ] }, { "date": "2026-07-10", "close": 88.980003, "volume": 52478560, "typical_volume": 38413785.85, "trend": 109.401158, "fair_value": 112.7654, "relative_strength": -29.077234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.099596, "energy": 76.505662, "activity_lines": [ 85.998002, 90.199274, 96.911419, 102.476865 ] }, { "date": "2026-07-17", "close": 82.139999, "volume": 46121162, "typical_volume": 39306164.7, "trend": 108.400582, "fair_value": 112.323925, "relative_strength": -27.557199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.728982, "energy": 62.158364, "activity_lines": [ 84.774001, 87.937637, 94.988208, 100.71808 ] }, { "date": "2026-07-24", "close": 81.019997, "volume": 31712063, "typical_volume": 38504015.35, "trend": 106.984237, "fair_value": 111.850109, "relative_strength": -28.316841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.497703, "energy": 59.459503, "activity_lines": [ 83.497333, 85.888909, 93.150814, 98.951591 ] }, { "date": "2026-07-31", "close": 92.449997, "volume": 49980353, "typical_volume": 39085861.95, "trend": 106.024646, "fair_value": 111.448692, "relative_strength": -16.549102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.492875, "energy": 42.52246, "activity_lines": [ 86.479332, 86.354363, 92.563439, 98.013898 ] }, { "date": "2026-08-07", "close": 92.290001, "volume": 51760560, "typical_volume": 40195339.65, "trend": 105.138767, "fair_value": 111.106886, "relative_strength": -20.429287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.893803, "energy": 35.216362, "activity_lines": [ 88.504666, 87.118909, 92.072221, 97.127792 ] } ], "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." } } }