{ "ticker": { "uuid": "12b25e99-7df7-46b0-80d3-51e470b4b16d", "symbol": "4566", "name": "GLOBAL TEK FABRICATION CO., Ltd.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 65.443, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 62.228, "architecture_energy": 60.139, "architecture_maturity": 17.212, "architecture_confidence": 65.185, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 23.47, "rotation_up": 67.79, "upward_expansion": 85.52, "deceleration": 45.83, "rotation_down": 15.39, "downward_expansion": 16.86 }, "activity_lines": [ 72.373334, 68.921819, 67.307315, 65.753176 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 75.599998, "trend_reference": 63.521621, "distance_from_trend": 0.190146, "trend_direction": "Improving", "fair_value": 62.756376, "distance_from_fair_value": 0.204658, "fair_value_direction": "Improving", "relative_strength": -9.95773, "relative_strength_direction": "Improving", "price_momentum": 0.358774, "excess_performance": -0.082598, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.190146, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.069341, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.204658, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.188593, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.099577, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.175733, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.358774, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.901391, "read": "Supply-led" } ], "volume": { "latest": 28073065, "relative_activity": 2.747112, "balance": 0.901391, "dry_up": 2.076504, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.119963, "annualized_volatility": 0.574366, "from_high_reference": -0.055, "from_low_reference": 0.511837 }, "levels": { "trend_reference": 63.521621, "fair_value_reference": 62.756376, "structural_low": 51.981882, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.038974, "positive_rate": 0.384615, "directional_follow_through": 0.384615, "median_excess_return": 0.000667, "regime_survival": 0.538462, "best_return": 0.35605, "worst_return": -0.166154, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.099072, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.077987, "regime_survival": 0.333333, "best_return": 0.331015, "worst_return": -0.135521, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.076495, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.025099, "regime_survival": 0.0, "best_return": 0.149555, "worst_return": -0.218462, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.286909, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.236558, "regime_survival": 0.333333, "best_return": 0.705968, "worst_return": -0.39019, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-26", "end": "2024-02-23", "tenure": "Developing", "return": 0.023301, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-01", "end": "2024-05-24", "tenure": "Established", "return": 0.075243, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-31", "end": "2024-08-09", "tenure": "Developing", "return": 0.166898, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-11-22", "tenure": "Established", "return": -0.191532, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": -0.056848, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-08-22", "tenure": "Extended", "return": -0.186883, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": -0.192771, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2025-12-26", "tenure": "Developing", "return": 0.07156, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": 0.079365, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.075534, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-04-10", "tenure": "Developing", "return": 0.163153, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-22", "tenure": "Developing", "return": -0.098431, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.086895, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-14", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 49.857407, "volume": 2622040, "typical_volume": 16074675.3, "trend": 52.099084, "fair_value": 44.018233, "relative_strength": -9.631068, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.956684, "energy": 13.623298, "activity_lines": [ 53.081459, 54.792979, 54.488124, 53.595546 ] }, { "date": "2023-08-18", "close": 47.518883, "volume": 2683362, "typical_volume": 15992256.85, "trend": 52.150886, "fair_value": 44.114981, "relative_strength": -12.588083, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.635729, "energy": 29.493662, "activity_lines": [ 50.774112, 53.410271, 53.864507, 53.300049 ] }, { "date": "2023-08-25", "close": 49.109081, "volume": 3027250, "typical_volume": 15924339.5, "trend": 52.234583, "fair_value": 44.224132, "relative_strength": -10.091388, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.724583, "energy": 36.11448, "activity_lines": [ 49.71398, 52.394925, 53.408203, 53.103803 ] }, { "date": "2023-09-01", "close": 49.389702, "volume": 1903302, "typical_volume": 15754021.95, "trend": 52.306521, "fair_value": 44.332872, "relative_strength": -10.267832, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.949397, "energy": 42.532012, "activity_lines": [ 49.25251, 51.537748, 52.979164, 52.920263 ] }, { "date": "2023-09-08", "close": 48.734913, "volume": 1216101, "typical_volume": 14331771.9, "trend": 52.344569, "fair_value": 44.442937, "relative_strength": -10.823182, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.843787, "energy": 46.046778, "activity_lines": [ 48.897053, 50.677169, 52.491705, 52.689836 ] }, { "date": "2023-09-15", "close": 48.828461, "volume": 1603009, "typical_volume": 12063640.15, "trend": 52.295253, "fair_value": 44.554705, "relative_strength": -12.053381, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.842145, "energy": 36.667323, "activity_lines": [ 48.865874, 49.947549, 52.040036, 52.462991 ] }, { "date": "2023-09-22", "close": 48.547836, "volume": 1681033, "typical_volume": 11201502.85, "trend": 52.245631, "fair_value": 44.659429, "relative_strength": -9.160744, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.159241, "energy": 38.329949, "activity_lines": [ 48.80975, 49.396507, 51.618655, 52.221222 ] }, { "date": "2023-09-29", "close": 52.289478, "volume": 10311283, "typical_volume": 11226555.85, "trend": 52.299618, "fair_value": 44.792003, "relative_strength": -2.015273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.477243, "energy": 24.098111, "activity_lines": [ 49.932243, 49.702642, 51.60841, 52.224051 ] }, { "date": "2023-10-06", "close": 50.512196, "volume": 1782625, "typical_volume": 10988267.15, "trend": 52.366748, "fair_value": 44.909872, "relative_strength": -6.027721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.092023, "energy": 20.89564, "activity_lines": [ 50.250282, 49.765569, 51.432464, 52.108733 ] }, { "date": "2023-10-13", "close": 49.109081, "volume": 1090100, "typical_volume": 10824321.7, "trend": 52.43838, "fair_value": 45.030892, "relative_strength": -9.623903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.143059, "energy": 21.195908, "activity_lines": [ 50.025784, 49.641415, 51.123333, 51.898561 ] }, { "date": "2023-10-20", "close": 47.612423, "volume": 1340664, "typical_volume": 10743149.8, "trend": 52.432979, "fair_value": 45.137625, "relative_strength": -10.130241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.805815, "energy": 34.568428, "activity_lines": [ 49.277455, 49.318273, 50.679235, 51.587209 ] }, { "date": "2023-10-27", "close": 47.518883, "volume": 669545, "typical_volume": 10535263.15, "trend": 52.321915, "fair_value": 45.239618, "relative_strength": -8.324224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.433358, "energy": 56.80372, "activity_lines": [ 48.579015, 49.018941, 50.238701, 51.27017 ] }, { "date": "2023-11-03", "close": 47.238258, "volume": 969142, "typical_volume": 9896383.8, "trend": 52.255785, "fair_value": 45.340089, "relative_strength": -10.616348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.306797, "energy": 66.095765, "activity_lines": [ 47.85563, 48.668587, 49.791931, 50.942193 ] }, { "date": "2023-11-10", "close": 48.173672, "volume": 806165, "typical_volume": 9678781.65, "trend": 52.187658, "fair_value": 45.446279, "relative_strength": -9.359202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.296304, "energy": 66.205804, "activity_lines": [ 47.780798, 48.522323, 49.471219, 50.67883 ] }, { "date": "2023-11-17", "close": 49.576786, "volume": 1888300, "typical_volume": 9006788.55, "trend": 52.027564, "fair_value": 45.560084, "relative_strength": -9.29597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.459897, "energy": 46.665084, "activity_lines": [ 48.329572, 48.653281, 49.320217, 50.510387 ] }, { "date": "2023-11-24", "close": 50.325111, "volume": 1532482, "typical_volume": 6249753.2, "trend": 51.678343, "fair_value": 45.678409, "relative_strength": -8.138948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.767663, "energy": 24.897073, "activity_lines": [ 49.096608, 48.904991, 49.266319, 50.400551 ] }, { "date": "2023-12-01", "close": 51.541149, "volume": 2174252, "typical_volume": 5804363.3, "trend": 51.394602, "fair_value": 45.800389, "relative_strength": -6.405761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.011381, "energy": 15.635985, "activity_lines": [ 50.088143, 49.350586, 49.381241, 50.3917 ] }, { "date": "2023-12-08", "close": 50.044491, "volume": 1449074, "typical_volume": 2390886.85, "trend": 51.294825, "fair_value": 45.912499, "relative_strength": -8.517183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.002981, "energy": 17.822266, "activity_lines": [ 50.312642, 49.469639, 49.385695, 50.304596 ] }, { "date": "2023-12-15", "close": 50.512196, "volume": 1155149, "typical_volume": 2178359.45, "trend": 51.291707, "fair_value": 46.019878, "relative_strength": -8.907785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.570747, "energy": 16.861777, "activity_lines": [ 50.50596, 49.714546, 49.466318, 50.254104 ] }, { "date": "2023-12-22", "close": 49.48325, "volume": 1201052, "typical_volume": 2055296.5, "trend": 51.251172, "fair_value": 46.119833, "relative_strength": -10.047287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.969619, "energy": 12.733054, "activity_lines": [ 50.200394, 49.772372, 49.466764, 50.137429 ] }, { "date": "2023-12-29", "close": 50.138035, "volume": 904249, "typical_volume": 1969406.95, "trend": 51.248054, "fair_value": 46.217637, "relative_strength": -10.300406, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.913278, "energy": 8.094247, "activity_lines": [ 50.119326, 49.942448, 49.546942, 50.065614 ] }, { "date": "2024-01-05", "close": 49.202618, "volume": 581800, "typical_volume": 1864328.85, "trend": 51.160749, "fair_value": 46.295642, "relative_strength": -9.651563, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.58786, "energy": 13.392817, "activity_lines": [ 49.738924, 49.896527, 49.536697, 49.933651 ] }, { "date": "2024-01-12", "close": 47.986588, "volume": 790065, "typical_volume": 1752469.6, "trend": 50.926896, "fair_value": 46.318925, "relative_strength": -11.49868, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.109863, "energy": 27.994878, "activity_lines": [ 49.109081, 49.598896, 49.402622, 49.728866 ] }, { "date": "2024-01-19", "close": 47.705967, "volume": 735000, "typical_volume": 1694054.5, "trend": 50.658745, "fair_value": 46.304523, "relative_strength": -12.637162, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.581704, "energy": 46.98216, "activity_lines": [ 48.522891, 49.236637, 49.247165, 49.521064 ] }, { "date": "2024-01-26", "close": 48.173672, "volume": 429086, "typical_volume": 1654703.75, "trend": 50.431129, "fair_value": 46.320724, "relative_strength": -13.077607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.455443, "energy": 51.059811, "activity_lines": [ 48.279684, 48.96792, 49.14427, 49.360737 ] }, { "date": "2024-02-02", "close": 48.080128, "volume": 556000, "typical_volume": 1602353.3, "trend": 49.985249, "fair_value": 46.30596, "relative_strength": -13.360751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.970733, "energy": 55.768002, "activity_lines": [ 48.092602, 48.707705, 49.035139, 49.209059 ] }, { "date": "2024-02-09", "close": 47.518883, "volume": 215100, "typical_volume": 1529056.65, "trend": 49.626675, "fair_value": 46.273797, "relative_strength": -14.313834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.085312, "energy": 57.068536, "activity_lines": [ 47.855631, 48.386264, 48.876119, 49.049939 ] }, { "date": "2024-02-16", "close": 49.576786, "volume": 727031, "typical_volume": 1049844.05, "trend": 49.389704, "fair_value": 46.237158, "relative_strength": -12.738302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.59565, "energy": 25.49316, "activity_lines": [ 48.416877, 48.512119, 48.91799, 49.04672 ] }, { "date": "2024-02-23", "close": 49.296165, "volume": 1017500, "typical_volume": 1011587.8, "trend": 49.224448, "fair_value": 46.244544, "relative_strength": -14.193543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.093017, "energy": 14.715713, "activity_lines": [ 48.77857, 48.595456, 48.946053, 49.040685 ] }, { "date": "2024-03-01", "close": 49.76387, "volume": 1040118, "typical_volume": 1009088.7, "trend": 49.112199, "fair_value": 46.180949, "relative_strength": -13.254119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.566387, "energy": 7.957231, "activity_lines": [ 49.190151, 48.78594, 49.024449, 49.075487 ] }, { "date": "2024-03-08", "close": 49.202618, "volume": 2522386, "typical_volume": 1068174.8, "trend": 49.090373, "fair_value": 46.134183, "relative_strength": -17.581331, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.80551, "energy": 12.923827, "activity_lines": [ 49.308635, 48.869276, 49.046275, 49.08132 ] }, { "date": "2024-03-15", "close": 48.173672, "volume": 1457200, "typical_volume": 1107557.55, "trend": 49.112199, "fair_value": 46.106217, "relative_strength": -18.576466, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.375368, "energy": 16.903242, "activity_lines": [ 49.009304, 48.782538, 48.962533, 49.022178 ] }, { "date": "2024-03-22", "close": 48.173672, "volume": 977665, "typical_volume": 1107983.7, "trend": 49.081019, "fair_value": 46.073834, "relative_strength": -20.458225, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.273561, "energy": 18.245387, "activity_lines": [ 48.66632, 48.714508, 48.875674, 48.961628 ] }, { "date": "2024-03-29", "close": 48.454292, "volume": 941018, "typical_volume": 1114726.35, "trend": 49.049838, "fair_value": 46.044906, "relative_strength": -19.834441, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.023669, "energy": 23.642901, "activity_lines": [ 48.510418, 48.694099, 48.811086, 48.921194 ] }, { "date": "2024-04-05", "close": 47.986588, "volume": 468000, "typical_volume": 1043711.35, "trend": 49.024894, "fair_value": 46.019053, "relative_strength": -20.391859, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.747288, "energy": 36.010991, "activity_lines": [ 48.254739, 48.575047, 48.700618, 48.852597 ] }, { "date": "2024-04-12", "close": 49.015545, "volume": 950304, "typical_volume": 1014602.45, "trend": 49.03113, "fair_value": 45.997588, "relative_strength": -19.839104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.641525, "energy": 27.599361, "activity_lines": [ 48.460531, 48.646479, 48.695719, 48.851994 ] }, { "date": "2024-04-19", "close": 47.518883, "volume": 1582049, "typical_volume": 984992.3, "trend": 48.996832, "fair_value": 45.964321, "relative_strength": -16.903485, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.043513, "energy": 36.838733, "activity_lines": [ 48.179908, 48.428783, 48.554517, 48.75443 ] }, { "date": "2024-04-26", "close": 47.974571, "volume": 1123293, "typical_volume": 968703.25, "trend": 48.853002, "fair_value": 45.940599, "relative_strength": -17.760788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.386547, "energy": 31.289704, "activity_lines": [ 48.094833, 48.29394, 48.475867, 48.688478 ] }, { "date": "2024-05-03", "close": 48.503887, "volume": 562050, "typical_volume": 939048.3, "trend": 48.786058, "fair_value": 45.930208, "relative_strength": -16.908291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.078761, "energy": 21.740623, "activity_lines": [ 48.19947, 48.284467, 48.457484, 48.665954 ] }, { "date": "2024-05-10", "close": 48.985073, "volume": 1091054, "typical_volume": 933548.4, "trend": 48.781924, "fair_value": 45.931183, "relative_strength": -17.031071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.142976, "energy": 13.914242, "activity_lines": [ 48.461196, 48.376888, 48.494493, 48.678794 ] }, { "date": "2024-05-17", "close": 50.909832, "volume": 3031504, "typical_volume": 1039911.15, "trend": 48.891838, "fair_value": 45.971548, "relative_strength": -15.582541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.338497, "energy": 20.078657, "activity_lines": [ 49.297943, 48.833424, 48.717184, 48.816078 ] }, { "date": "2024-05-24", "close": 53.508251, "volume": 5045049, "typical_volume": 1263073.6, "trend": 49.091484, "fair_value": 46.063627, "relative_strength": -12.184919, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 78.74569, "energy": 69.337628, "activity_lines": [ 50.874543, 49.731361, 49.183668, 49.113911 ] }, { "date": "2024-05-31", "close": 69.195023, "volume": 41073075, "typical_volume": 3277224.1, "trend": 49.823376, "fair_value": 46.251294, "relative_strength": 15.451752, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.831569, "energy": 97.054907, "activity_lines": [ 57.280777, 53.384445, 51.123628, 50.410914 ] }, { "date": "2024-06-07", "close": 78.145134, "volume": 120040655, "typical_volume": 9242506.85, "trend": 50.822425, "fair_value": 46.488604, "relative_strength": 25.87108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.283159, "energy": 99.236667, "activity_lines": [ 65.255683, 58.282616, 53.814987, 52.238124 ] }, { "date": "2024-06-14", "close": 86.999031, "volume": 56866700, "typical_volume": 12064387.55, "trend": 52.069833, "fair_value": 46.787086, "relative_strength": 35.479876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.373581, "energy": 99.748813, "activity_lines": [ 74.205806, 64.250752, 57.204625, 54.572099 ] }, { "date": "2024-06-21", "close": 91.233498, "volume": 150815663, "typical_volume": 19577370.7, "trend": 53.433446, "fair_value": 47.114645, "relative_strength": 36.870139, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.621493, "energy": 98.437243, "activity_lines": [ 82.033154, 70.279475, 60.812663, 57.098787 ] }, { "date": "2024-06-28", "close": 93.831917, "volume": 95735943, "typical_volume": 24353412.85, "trend": 54.843138, "fair_value": 47.465485, "relative_strength": 41.340133, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.48774, "energy": 95.923638, "activity_lines": [ 88.038397, 76.013039, 64.462678, 59.70514 ] }, { "date": "2024-07-05", "close": 87.576454, "volume": 61419119, "typical_volume": 27388017.25, "trend": 56.094203, "fair_value": 47.744205, "relative_strength": 28.955525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.572012, "energy": 81.990678, "activity_lines": [ 89.270242, 79.76719, 67.296396, 61.816967 ] }, { "date": "2024-07-12", "close": 95.083008, "volume": 72853874, "typical_volume": 30979835.95, "trend": 57.579897, "fair_value": 48.085399, "relative_strength": 37.346238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.504573, "energy": 71.497301, "activity_lines": [ 91.778842, 84.166135, 70.664073, 64.332373 ] }, { "date": "2024-07-19", "close": 107.786407, "volume": 103783689, "typical_volume": 36117014.5, "trend": 59.523336, "fair_value": 48.501675, "relative_strength": 61.344465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.255079, "energy": 75.138363, "activity_lines": [ 97.392717, 90.027896, 75.023565, 67.571503 ] }, { "date": "2024-07-26", "close": 90.174873, "volume": 51784463, "typical_volume": 38580118.35, "trend": 60.857897, "fair_value": 48.79926, "relative_strength": 38.701288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.326225, "energy": 64.190773, "activity_lines": [ 95.750256, 91.618445, 77.42947, 69.549022 ] }, { "date": "2024-08-02", "close": 84.20813, "volume": 32249239, "typical_volume": 40119720.3, "trend": 62.024747, "fair_value": 49.06743, "relative_strength": 31.767937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.110026, "energy": 56.063774, "activity_lines": [ 92.189456, 91.410221, 79.072008, 71.055488 ] }, { "date": "2024-08-09", "close": 80.743568, "volume": 48251097, "typical_volume": 42483391.9, "trend": 63.116647, "fair_value": 49.30595, "relative_strength": 26.716555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.008235, "energy": 39.727116, "activity_lines": [ 88.115387, 90.013897, 80.212995, 72.263154 ] }, { "date": "2024-08-16", "close": 95.467957, "volume": 111678305, "typical_volume": 48020256.25, "trend": 64.708713, "fair_value": 49.649046, "relative_strength": 42.655964, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.766725, "energy": 32.920879, "activity_lines": [ 89.404973, 91.084762, 82.60121, 74.350335 ] }, { "date": "2024-08-23", "close": 92.003395, "volume": 48271431, "typical_volume": 50410427.8, "trend": 66.169704, "fair_value": 49.986349, "relative_strength": 37.629337, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.327172, "energy": 28.642536, "activity_lines": [ 89.514043, 91.210746, 84.435593, 76.111283 ] }, { "date": "2024-08-30", "close": 92.099632, "volume": 40425253, "typical_volume": 52384175.25, "trend": 67.637021, "fair_value": 50.320023, "relative_strength": 36.078743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.407107, "energy": 31.213711, "activity_lines": [ 90.707392, 91.263239, 86.069537, 77.784181 ] }, { "date": "2024-09-06", "close": 86.517838, "volume": 54550102, "typical_volume": 55032577.9, "trend": 68.936986, "fair_value": 50.6182, "relative_strength": 31.883955, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.257087, "energy": 30.801969, "activity_lines": [ 89.911826, 90.285112, 86.966719, 79.002298 ] }, { "date": "2024-09-13", "close": 87.095268, "volume": 57641356, "typical_volume": 57858481.05, "trend": 70.187602, "fair_value": 50.921776, "relative_strength": 29.873013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.060904, "energy": 25.175087, "activity_lines": [ 89.154756, 89.544956, 87.733185, 80.173801 ] }, { "date": "2024-09-20", "close": 87.191505, "volume": 15628033, "typical_volume": 58611780.2, "trend": 71.45078, "fair_value": 51.230498, "relative_strength": 26.907213, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.503184, "energy": 21.564915, "activity_lines": [ 88.006318, 88.831047, 88.322527, 81.270827 ] }, { "date": "2024-09-27", "close": 88.923782, "volume": 30975067, "typical_volume": 60105980.85, "trend": 72.75611, "fair_value": 51.544663, "relative_strength": 25.12418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.412597, "energy": 15.104729, "activity_lines": [ 87.987069, 88.575578, 88.892622, 82.398117 ] }, { "date": "2024-10-04", "close": 82.764565, "volume": 10627674, "typical_volume": 60485789.35, "trend": 73.874842, "fair_value": 51.816799, "relative_strength": 18.694278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.982573, "energy": 11.587143, "activity_lines": [ 86.120056, 87.543209, 88.68594, 83.043824 ] }, { "date": "2024-10-11", "close": 82.957039, "volume": 13331981, "typical_volume": 60900135.95, "trend": 75.034287, "fair_value": 52.097244, "relative_strength": 15.364997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.938168, "energy": 10.645366, "activity_lines": [ 84.939539, 86.680568, 88.3459, 83.629772 ] }, { "date": "2024-10-18", "close": 89.116257, "volume": 57031401, "typical_volume": 61698052.25, "trend": 76.39904, "fair_value": 52.421701, "relative_strength": 20.179155, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.340787, "energy": 10.214175, "activity_lines": [ 86.04948, 86.960532, 88.452219, 84.538286 ] }, { "date": "2024-10-25", "close": 84.978035, "volume": 24061112, "typical_volume": 56899075.1, "trend": 77.616498, "fair_value": 52.728121, "relative_strength": 14.794294, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.342927, "energy": 9.690951, "activity_lines": [ 85.645282, 86.335862, 88.069559, 85.09177 ] }, { "date": "2024-11-01", "close": 83.341988, "volume": 6106012, "typical_volume": 54361040.7, "trend": 78.795012, "fair_value": 53.021223, "relative_strength": 14.838096, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.498987, "energy": 6.957837, "activity_lines": [ 84.8433, 85.604454, 87.498548, 85.461156 ] }, { "date": "2024-11-08", "close": 80.743568, "volume": 8079728, "typical_volume": 47224243.95, "trend": 79.852612, "fair_value": 53.299367, "relative_strength": 7.252718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.356495, "energy": 6.019138, "activity_lines": [ 83.547297, 84.558086, 86.697482, 85.586869 ] }, { "date": "2024-11-15", "close": 77.375237, "volume": 7740000, "typical_volume": 42824446.8, "trend": 80.847824, "fair_value": 53.554786, "relative_strength": 6.111286, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -9.879159, "energy": 25.247825, "activity_lines": [ 81.26325, 83.105768, 85.625576, 85.427039 ] }, { "date": "2024-11-22", "close": 77.182762, "volume": 4832655, "typical_volume": 39995123.6, "trend": 81.82143, "fair_value": 53.817746, "relative_strength": 4.812388, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.787617, "energy": 47.466217, "activity_lines": [ 79.287165, 81.784684, 84.613703, 85.190583 ] }, { "date": "2024-11-29", "close": 74.488106, "volume": 5427044, "typical_volume": 36623782.1, "trend": 82.687571, "fair_value": 54.052395, "relative_strength": 3.826941, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.965599, "energy": 57.36608, "activity_lines": [ 77.208428, 80.15389, 83.39469, 84.717465 ] }, { "date": "2024-12-06", "close": 72.659584, "volume": 4290503, "typical_volume": 31649122.8, "trend": 83.476721, "fair_value": 54.271926, "relative_strength": -2.933324, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.622275, "energy": 64.099409, "activity_lines": [ 75.219511, 78.421608, 82.099603, 84.070499 ] }, { "date": "2024-12-13", "close": 70.253639, "volume": 9220684, "typical_volume": 29520933.85, "trend": 84.121515, "fair_value": 54.467543, "relative_strength": -5.552053, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.395822, "energy": 77.852804, "activity_lines": [ 73.140774, 76.547595, 80.742649, 83.217396 ] }, { "date": "2024-12-20", "close": 73.04454, "volume": 6040935, "typical_volume": 28210518.65, "trend": 84.772725, "fair_value": 54.679635, "relative_strength": 0.167798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.693955, "energy": 71.474057, "activity_lines": [ 72.691665, 75.408489, 79.746359, 82.502753 ] }, { "date": "2024-12-27", "close": 79.588715, "volume": 23147506, "typical_volume": 26955339.1, "trend": 85.119181, "fair_value": 54.920941, "relative_strength": 5.163758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.954131, "energy": 48.939831, "activity_lines": [ 74.712662, 75.63946, 79.426483, 82.168301 ] }, { "date": "2025-01-03", "close": 78.626328, "volume": 20526637, "typical_volume": 22397755.7, "trend": 85.135221, "fair_value": 55.168531, "relative_strength": 5.170264, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.119319, "energy": 30.637119, "activity_lines": [ 76.252465, 75.86868, 79.02045, 81.749407 ] }, { "date": "2025-01-10", "close": 72.563347, "volume": 12588737, "typical_volume": 20613621.0, "trend": 84.654031, "fair_value": 55.347254, "relative_strength": -3.611055, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.871401, "energy": 29.488455, "activity_lines": [ 75.495394, 75.111026, 78.117189, 80.938318 ] }, { "date": "2025-01-17", "close": 69.29126, "volume": 4296172, "typical_volume": 18807166.95, "trend": 83.922623, "fair_value": 55.525381, "relative_strength": -8.657725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.565473, "energy": 40.428162, "activity_lines": [ 73.654043, 73.954422, 76.994872, 79.947172 ] }, { "date": "2025-01-24", "close": 68.32888, "volume": 2541634, "typical_volume": 16206743.55, "trend": 83.072522, "fair_value": 55.707811, "relative_strength": -11.489203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.849712, "energy": 60.067611, "activity_lines": [ 71.556057, 72.831063, 75.889511, 78.941124 ] }, { "date": "2025-02-07", "close": 69.772453, "volume": 2879699, "typical_volume": 13468660.7, "trend": 82.479056, "fair_value": 55.902042, "relative_strength": -9.601762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.94282, "energy": 68.93491, "activity_lines": [ 70.253639, 72.134652, 75.008248, 78.083055 ] }, { "date": "2025-02-14", "close": 72.948303, "volume": 8269449, "typical_volume": 13100731.5, "trend": 81.741232, "fair_value": 56.128518, "relative_strength": -4.451034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.09693, "energy": 60.797518, "activity_lines": [ 70.664256, 72.150401, 74.511936, 77.468168 ] }, { "date": "2025-02-21", "close": 74.68058, "volume": 4871602, "typical_volume": 11795558.25, "trend": 80.637704, "fair_value": 56.352513, "relative_strength": -4.831041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.028245, "energy": 38.958377, "activity_lines": [ 72.030833, 72.509105, 74.248427, 77.012642 ] }, { "date": "2025-02-28", "close": 71.600967, "volume": 2398072, "typical_volume": 11384078.15, "trend": 80.018574, "fair_value": 56.553087, "relative_strength": -6.345918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.332656, "energy": 32.344175, "activity_lines": [ 72.229723, 72.271135, 73.759447, 76.429626 ] }, { "date": "2025-03-07", "close": 68.617599, "volume": 2994674, "typical_volume": 10867212.8, "trend": 79.49889, "fair_value": 56.741896, "relative_strength": -8.569509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.766004, "energy": 35.935434, "activity_lines": [ 71.280177, 71.466237, 73.039496, 75.69408 ] }, { "date": "2025-03-14", "close": 77.375237, "volume": 41900115, "typical_volume": 10110648.5, "trend": 79.386612, "fair_value": 56.987127, "relative_strength": 5.322444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.311027, "energy": 15.066657, "activity_lines": [ 73.230596, 72.334127, 73.22189, 75.55707 ] }, { "date": "2025-03-21", "close": 73.718201, "volume": 22173339, "typical_volume": 10016259.85, "trend": 78.66162, "fair_value": 57.211746, "relative_strength": -1.239661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.703905, "energy": 17.307503, "activity_lines": [ 73.455151, 72.577346, 73.111903, 75.191366 ] }, { "date": "2025-03-28", "close": 69.098785, "volume": 5875754, "typical_volume": 10004746.95, "trend": 77.898133, "fair_value": 57.403922, "relative_strength": -5.273478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.124012, "energy": 24.177903, "activity_lines": [ 72.088574, 72.06991, 72.615591, 74.574409 ] }, { "date": "2025-04-04", "close": 65.345512, "volume": 2952297, "typical_volume": 9748375.4, "trend": 77.006329, "fair_value": 57.576568, "relative_strength": -9.488147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.281545, "energy": 35.45866, "activity_lines": [ 69.843025, 70.943053, 71.829649, 73.764562 ] }, { "date": "2025-04-11", "close": 51.391022, "volume": 4492543, "typical_volume": 9586002.55, "trend": 75.835435, "fair_value": 57.660894, "relative_strength": -22.48681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.994121, "energy": 79.296289, "activity_lines": [ 63.36301, 67.350756, 69.788032, 72.111962 ] }, { "date": "2025-04-18", "close": 54.847805, "volume": 4751771, "typical_volume": 9581958.35, "trend": 74.76052, "fair_value": 57.773322, "relative_strength": -16.92094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.36969, "energy": 85.650615, "activity_lines": [ 59.183695, 64.694927, 68.199366, 70.757921 ] }, { "date": "2025-04-25", "close": 55.341927, "volume": 3188284, "typical_volume": 9470020.35, "trend": 73.698867, "fair_value": 57.88354, "relative_strength": -18.349601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.782604, "energy": 85.572385, "activity_lines": [ 56.670915, 62.400295, 66.764117, 69.505108 ] }, { "date": "2025-05-02", "close": 60.974945, "volume": 9781005, "typical_volume": 9744545.45, "trend": 72.76724, "fair_value": 58.030434, "relative_strength": -14.263484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.936196, "energy": 79.050333, "activity_lines": [ 57.260894, 61.449965, 65.956518, 68.68421 ] }, { "date": "2025-05-09", "close": 59.887871, "volume": 3581541, "typical_volume": 9462588.3, "trend": 72.004683, "fair_value": 58.178001, "relative_strength": -16.529028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.133021, "energy": 56.060329, "activity_lines": [ 58.030103, 60.551178, 65.10103, 67.853283 ] }, { "date": "2025-05-16", "close": 61.765545, "volume": 5586644, "typical_volume": 9439873.75, "trend": 71.2983, "fair_value": 58.333358, "relative_strength": -17.784874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.600576, "energy": 40.581381, "activity_lines": [ 59.789047, 60.206751, 64.473728, 67.192694 ] }, { "date": "2025-05-23", "close": 59.986698, "volume": 3324400, "typical_volume": 8448718.45, "trend": 70.327315, "fair_value": 58.469671, "relative_strength": -19.615505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.651429, "energy": 29.00236, "activity_lines": [ 60.263407, 59.663481, 63.730722, 66.462913 ] }, { "date": "2025-05-30", "close": 58.207851, "volume": 1121068, "typical_volume": 7478440.0, "trend": 69.434975, "fair_value": 58.58326, "relative_strength": -20.993236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.849881, "energy": 30.632172, "activity_lines": [ 59.802225, 59.112939, 62.911644, 65.681012 ] }, { "date": "2025-06-06", "close": 57.911373, "volume": 2837491, "typical_volume": 6990877.7, "trend": 68.587288, "fair_value": 58.682213, "relative_strength": -22.275407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.837088, "energy": 30.837438, "activity_lines": [ 59.051155, 58.790499, 62.161562, 64.937554 ] }, { "date": "2025-06-13", "close": 56.033703, "volume": 2447623, "typical_volume": 6898450.25, "trend": 67.763626, "fair_value": 58.758373, "relative_strength": -25.77005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.135822, "energy": 42.528279, "activity_lines": [ 57.878433, 58.330071, 61.302425, 64.127645 ] }, { "date": "2025-06-20", "close": 59.196098, "volume": 9970407, "typical_volume": 7269888.9, "trend": 67.157655, "fair_value": 58.863863, "relative_strength": -20.959157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.834437, "energy": 38.286811, "activity_lines": [ 58.016788, 58.61393, 60.8076, 63.574901 ] }, { "date": "2025-06-27", "close": 60.579643, "volume": 14215572, "typical_volume": 7836682.55, "trend": 66.604217, "fair_value": 58.988976, "relative_strength": -20.467422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.432864, "energy": 31.925974, "activity_lines": [ 58.787621, 59.007432, 60.48803, 63.150514 ] }, { "date": "2025-07-04", "close": 57.219601, "volume": 3770674, "typical_volume": 7611743.8, "trend": 66.0286, "fair_value": 59.094815, "relative_strength": -24.105481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.923259, "energy": 33.036858, "activity_lines": [ 58.39891, 58.685802, 59.892232, 62.545054 ] }, { "date": "2025-07-11", "close": 54.650154, "volume": 2275810, "typical_volume": 7481954.2, "trend": 65.428286, "fair_value": 59.19324, "relative_strength": -27.614288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.864885, "energy": 40.360026, "activity_lines": [ 57.2196, 57.86286, 59.126623, 61.810961 ] }, { "date": "2025-07-18", "close": 56.923122, "volume": 2078523, "typical_volume": 7465976.75, "trend": 64.983936, "fair_value": 59.301424, "relative_strength": -25.98073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.173885, "energy": 36.92834, "activity_lines": [ 57.015361, 57.568182, 58.67287, 61.262241 ] }, { "date": "2025-07-25", "close": 56.033703, "volume": 1607792, "typical_volume": 7396632.65, "trend": 64.416908, "fair_value": 59.383245, "relative_strength": -26.078202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.681267, "energy": 49.46124, "activity_lines": [ 56.455354, 57.165695, 58.204305, 60.684806 ] }, { "date": "2025-08-01", "close": 55.144278, "volume": 1411848, "typical_volume": 5372219.3, "trend": 63.602093, "fair_value": 59.461629, "relative_strength": -26.720178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.535383, "energy": 55.964589, "activity_lines": [ 55.809698, 56.705711, 57.710956, 60.086572 ] }, { "date": "2025-08-08", "close": 59.294922, "volume": 3729365, "typical_volume": 4450020.6, "trend": 62.957713, "fair_value": 59.551139, "relative_strength": -22.468774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.104768, "energy": 32.132825, "activity_lines": [ 56.909949, 57.088432, 57.718769, 59.80869 ] }, { "date": "2025-08-15", "close": 60.777294, "volume": 6263429, "typical_volume": 4469404.35, "trend": 62.564844, "fair_value": 59.641451, "relative_strength": -20.95016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.672645, "energy": 15.486127, "activity_lines": [ 58.365968, 57.720911, 57.936442, 59.668018 ] }, { "date": "2025-08-22", "close": 59.393745, "volume": 3311326, "typical_volume": 4487355.8, "trend": 62.234927, "fair_value": 59.713613, "relative_strength": -20.034109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.066051, "energy": 16.660455, "activity_lines": [ 58.952328, 58.049728, 58.061974, 59.463431 ] }, { "date": "2025-08-29", "close": 65.619713, "volume": 10270162, "typical_volume": 4776236.75, "trend": 62.144622, "fair_value": 59.816986, "relative_strength": -12.583323, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.768995, "energy": 22.594331, "activity_lines": [ 61.449303, 59.449448, 58.808798, 59.681804 ] }, { "date": "2025-09-05", "close": 60.777294, "volume": 7416792, "typical_volume": 4909487.8, "trend": 61.844783, "fair_value": 59.878877, "relative_strength": -19.06717, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.393676, "energy": 19.308898, "activity_lines": [ 61.693071, 59.851934, 59.026683, 59.59359 ] }, { "date": "2025-09-12", "close": 56.824299, "volume": 3595085, "typical_volume": 4929827.85, "trend": 61.307316, "fair_value": 59.918328, "relative_strength": -26.40873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.161532, "energy": 15.781075, "activity_lines": [ 60.24364, 59.532101, 58.839857, 59.269687 ] }, { "date": "2025-09-19", "close": 55.539577, "volume": 2032123, "typical_volume": 4542383.75, "trend": 60.669283, "fair_value": 59.928084, "relative_strength": -27.522145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.607539, "energy": 15.732665, "activity_lines": [ 58.530676, 58.985869, 58.523617, 58.897575 ] }, { "date": "2025-09-26", "close": 53.365429, "volume": 2274415, "typical_volume": 4477027.45, "trend": 60.061432, "fair_value": 59.937823, "relative_strength": -29.528457, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.862264, "energy": 37.044898, "activity_lines": [ 56.442177, 58.028166, 58.026198, 58.426359 ] }, { "date": "2025-10-03", "close": 52.970131, "volume": 1085031, "typical_volume": 4251946.8, "trend": 59.539849, "fair_value": 59.956628, "relative_strength": -32.293639, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.080094, "energy": 59.400266, "activity_lines": [ 54.6238, 57.063276, 57.522192, 57.968856 ] }, { "date": "2025-10-10", "close": 53.859554, "volume": 1074226, "typical_volume": 4139438.1, "trend": 58.755993, "fair_value": 59.996216, "relative_strength": -31.740089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.158563, "energy": 66.434744, "activity_lines": [ 53.945202, 56.315801, 57.144775, 57.602385 ] }, { "date": "2025-10-17", "close": 55.737228, "volume": 2994433, "typical_volume": 4233106.35, "trend": 58.156627, "fair_value": 60.024059, "relative_strength": -28.610591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.237874, "energy": 60.473453, "activity_lines": [ 54.353679, 55.93308, 56.975361, 57.407626 ] }, { "date": "2025-10-24", "close": 57.713726, "volume": 2476694, "typical_volume": 4215066.5, "trend": 57.777125, "fair_value": 60.083132, "relative_strength": -25.849559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.191802, "energy": 29.619771, "activity_lines": [ 55.49346, 55.974407, 57.00595, 57.379052 ] }, { "date": "2025-10-31", "close": 55.638401, "volume": 1487196, "typical_volume": 4167045.15, "trend": 57.453555, "fair_value": 60.155582, "relative_strength": -29.490543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.007197, "energy": 19.431863, "activity_lines": [ 55.796522, 55.694103, 56.83983, 57.241069 ] }, { "date": "2025-11-07", "close": 52.377182, "volume": 1268270, "typical_volume": 3731938.3, "trend": 57.486427, "fair_value": 60.209447, "relative_strength": -31.393612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.508225, "energy": 29.954493, "activity_lines": [ 54.86098, 54.88913, 56.365, 56.913561 ] }, { "date": "2025-11-14", "close": 52.278358, "volume": 1628015, "typical_volume": 3102560.45, "trend": 57.400779, "fair_value": 60.235419, "relative_strength": -30.148965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.978975, "energy": 34.071708, "activity_lines": [ 53.932027, 54.306962, 55.913229, 56.577557 ] }, { "date": "2025-11-21", "close": 51.784233, "volume": 2262091, "typical_volume": 3027131.3, "trend": 57.282189, "fair_value": 60.263442, "relative_strength": -27.553708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.754559, "energy": 53.605293, "activity_lines": [ 52.943778, 53.789479, 55.453929, 56.215199 ] }, { "date": "2025-11-28", "close": 52.574833, "volume": 1238474, "typical_volume": 2975264.5, "trend": 57.002185, "fair_value": 60.295374, "relative_strength": -28.878094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.728119, "energy": 58.742402, "activity_lines": [ 52.482596, 53.507379, 55.095807, 55.911499 ] }, { "date": "2025-12-05", "close": 51.98188, "volume": 1046150, "typical_volume": 2923645.85, "trend": 56.738652, "fair_value": 60.293924, "relative_strength": -29.820318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.686481, "energy": 58.956962, "activity_lines": [ 52.166355, 53.171374, 54.691095, 55.587608 ] }, { "date": "2025-12-12", "close": 58.010201, "volume": 8465673, "typical_volume": 3266539.9, "trend": 56.613474, "fair_value": 60.334018, "relative_strength": -21.672656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.713595, "energy": 16.954563, "activity_lines": [ 54.103323, 53.956583, 54.884039, 55.669644 ] }, { "date": "2025-12-19", "close": 56.132526, "volume": 3436034, "typical_volume": 3367749.2, "trend": 56.485002, "fair_value": 60.378895, "relative_strength": -22.251577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.572575, "energy": 15.278926, "activity_lines": [ 55.038865, 54.308759, 54.888745, 55.638615 ] }, { "date": "2025-12-26", "close": 57.713726, "volume": 4384740, "typical_volume": 3400517.95, "trend": 56.468531, "fair_value": 60.432168, "relative_strength": -21.761598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.620494, "energy": 16.109727, "activity_lines": [ 56.244529, 54.907099, 55.039336, 55.717887 ] }, { "date": "2026-01-02", "close": 56.033703, "volume": 1484361, "typical_volume": 3161564.55, "trend": 56.405942, "fair_value": 60.493232, "relative_strength": -25.253145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.395081, "energy": 18.597137, "activity_lines": [ 56.494885, 55.164044, 55.037453, 55.689834 ] }, { "date": "2026-01-09", "close": 55.341927, "volume": 2036748, "typical_volume": 3097835.65, "trend": 56.382883, "fair_value": 60.552182, "relative_strength": -27.589892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.040844, "energy": 12.778541, "activity_lines": [ 56.284059, 55.325757, 54.992276, 55.621188 ] }, { "date": "2026-01-16", "close": 60.48082, "volume": 4517087, "typical_volume": 2810181.9, "trend": 56.425707, "fair_value": 60.627833, "relative_strength": -22.966497, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.553014, "energy": 32.773355, "activity_lines": [ 57.562193, 56.427205, 55.455812, 55.885571 ] }, { "date": "2026-01-23", "close": 60.184349, "volume": 3069131, "typical_volume": 2592798.85, "trend": 56.41253, "fair_value": 60.718984, "relative_strength": -24.020922, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.096107, "energy": 39.274595, "activity_lines": [ 58.576796, 57.32741, 55.915583, 56.128064 ] }, { "date": "2026-01-30", "close": 56.725479, "volume": 3473108, "typical_volume": 2586700.0, "trend": 56.39606, "fair_value": 60.783902, "relative_strength": -27.98143, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.663482, "energy": 26.599764, "activity_lines": [ 58.168321, 57.454984, 56.048762, 56.148254 ] }, { "date": "2026-02-06", "close": 55.638401, "volume": 2089486, "typical_volume": 2589568.15, "trend": 56.429001, "fair_value": 60.837792, "relative_strength": -28.049567, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.030691, "energy": 14.653348, "activity_lines": [ 57.463369, 57.295067, 56.078879, 56.099373 ] }, { "date": "2026-02-13", "close": 57.516075, "volume": 1493610, "typical_volume": 2550527.9, "trend": 56.448766, "fair_value": 60.901399, "relative_strength": -28.846287, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.7396, "energy": 9.487504, "activity_lines": [ 57.410662, 57.420844, 56.287353, 56.169507 ] }, { "date": "2026-02-27", "close": 58.701973, "volume": 2374505, "typical_volume": 2615001.6, "trend": 56.537709, "fair_value": 60.955207, "relative_strength": -30.257747, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.857032, "energy": 8.388068, "activity_lines": [ 57.608312, 57.661617, 56.589004, 56.314875 ] }, { "date": "2026-03-06", "close": 56.033703, "volume": 2273175, "typical_volume": 2674949.05, "trend": 56.567356, "fair_value": 60.99365, "relative_strength": -29.005648, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.67426, "energy": 3.984628, "activity_lines": [ 57.035128, 57.404673, 56.60924, 56.282358 ] }, { "date": "2026-03-13", "close": 54.254856, "volume": 1538531, "typical_volume": 2602153.95, "trend": 56.399354, "fair_value": 61.016631, "relative_strength": -30.038987, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.317701, "energy": 7.599699, "activity_lines": [ 56.145704, 56.826098, 56.449708, 56.133165 ] }, { "date": "2026-03-20", "close": 60.085522, "volume": 4951665, "typical_volume": 2725902.5, "trend": 56.376295, "fair_value": 61.090908, "relative_strength": -21.729886, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.678973, "energy": 8.837149, "activity_lines": [ 57.364544, 57.370534, 56.852537, 56.370982 ] }, { "date": "2026-03-27", "close": 59.591396, "volume": 6394160, "typical_volume": 2971250.7, "trend": 56.382883, "fair_value": 61.171878, "relative_strength": -20.345334, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.40809, "energy": 22.581523, "activity_lines": [ 58.122201, 57.751458, 57.197012, 56.578408 ] }, { "date": "2026-04-03", "close": 55.836052, "volume": 1068460, "typical_volume": 2961260.2, "trend": 56.056761, "fair_value": 61.223555, "relative_strength": -23.156443, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.55368, "energy": 16.02986, "activity_lines": [ 57.489722, 57.37233, 57.165012, 56.543128 ] }, { "date": "2026-04-10", "close": 66.900002, "volume": 6649345, "typical_volume": 3212326.7, "trend": 56.260851, "fair_value": 61.326434, "relative_strength": -14.456963, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.358677, "energy": 56.80247, "activity_lines": [ 60.736287, 59.089279, 58.17025, 57.242692 ] }, { "date": "2026-04-17", "close": 70.099998, "volume": 20765966, "typical_volume": 4137520.45, "trend": 56.703375, "fair_value": 61.460266, "relative_strength": -13.192446, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.683349, "energy": 69.122771, "activity_lines": [ 64.325098, 61.265943, 59.410623, 58.135541 ] }, { "date": "2026-04-24", "close": 67.099998, "volume": 13428466, "typical_volume": 4747020.05, "trend": 57.088722, "fair_value": 61.568488, "relative_strength": -20.68153, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.243394, "energy": 67.497899, "activity_lines": [ 65.857566, 62.65398, 60.278063, 58.80629 ] }, { "date": "2026-05-01", "close": 67.199997, "volume": 4575023, "typical_volume": 4923463.7, "trend": 57.549874, "fair_value": 61.65067, "relative_strength": -19.800236, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.888731, "energy": 69.709989, "activity_lines": [ 66.955735, 63.851805, 61.08586, 59.458631 ] }, { "date": "2026-05-08", "close": 67.199997, "volume": 13248595, "typical_volume": 5162609.8, "trend": 58.024203, "fair_value": 61.691684, "relative_strength": -24.067169, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.588646, "energy": 61.704976, "activity_lines": [ 67.546664, 64.873559, 61.82119, 60.081219 ] }, { "date": "2026-05-15", "close": 62.700001, "volume": 5908181, "typical_volume": 5286217.15, "trend": 58.318885, "fair_value": 61.70865, "relative_strength": -27.531052, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.058135, "energy": 36.085885, "activity_lines": [ 65.879999, 64.922623, 62.084188, 60.382884 ] }, { "date": "2026-05-22", "close": 63.200001, "volume": 3334766, "typical_volume": 5233718.45, "trend": 58.567644, "fair_value": 61.773792, "relative_strength": -27.968265, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.920354, "energy": 24.780815, "activity_lines": [ 64.659999, 64.94139, 62.363531, 60.697794 ] }, { "date": "2026-05-29", "close": 70.199997, "volume": 14879330, "typical_volume": 5903466.9, "trend": 58.983853, "fair_value": 61.899396, "relative_strength": -23.548209, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.111178, "energy": 32.599172, "activity_lines": [ 66.233332, 66.070244, 63.283415, 61.448269 ] }, { "date": "2026-06-05", "close": 68.199997, "volume": 11032124, "typical_volume": 6353235.7, "trend": 59.402573, "fair_value": 62.01158, "relative_strength": -25.435589, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.864126, "energy": 29.178425, "activity_lines": [ 66.933332, 66.651563, 63.945365, 62.042859 ] }, { "date": "2026-06-12", "close": 63.200001, "volume": 4810653, "typical_volume": 6367914.0, "trend": 59.763333, "fair_value": 62.094711, "relative_strength": -28.651025, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.736828, "energy": 21.969895, "activity_lines": [ 65.899999, 66.167272, 64.069895, 62.287854 ] }, { "date": "2026-06-19", "close": 64.800003, "volume": 2284374, "typical_volume": 6328676.15, "trend": 60.180722, "fair_value": 62.177905, "relative_strength": -29.688507, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.311233, "energy": 22.158213, "activity_lines": [ 65.666667, 65.84, 64.333858, 62.612801 ] }, { "date": "2026-06-26", "close": 59.200001, "volume": 3419034, "typical_volume": 6325972.45, "trend": 60.427914, "fair_value": 62.204814, "relative_strength": -32.143301, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.724389, "energy": 11.211786, "activity_lines": [ 63.426667, 64.532727, 64.042509, 62.549528 ] }, { "date": "2026-07-03", "close": 68.300003, "volume": 5110764, "typical_volume": 6477036.35, "trend": 60.952086, "fair_value": 62.28526, "relative_strength": -24.502073, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.867098, "energy": 18.258762, "activity_lines": [ 64.486668, 65.078182, 64.606042, 63.057405 ] }, { "date": "2026-07-10", "close": 62.099998, "volume": 0, "typical_volume": 6402355.85, "trend": 61.289357, "fair_value": 62.330758, "relative_strength": -28.36478, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.056173, "energy": 9.092962, "activity_lines": [ 63.606667, 64.474546, 64.518806, 63.131464 ] }, { "date": "2026-07-17", "close": 60.599998, "volume": 8987165, "typical_volume": 6732988.85, "trend": 61.375683, "fair_value": 62.325268, "relative_strength": -24.957818, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.476626, "energy": 8.507742, "activity_lines": [ 62.633333, 63.690909, 64.266885, 63.086989 ] }, { "date": "2026-07-24", "close": 71.300003, "volume": 25327229, "typical_volume": 7885691.55, "trend": 61.881266, "fair_value": 62.408755, "relative_strength": -12.988751, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.518889, "energy": 22.04336, "activity_lines": [ 65.400001, 64.972728, 65.024973, 63.727268 ] }, { "date": "2026-07-31", "close": 66.400002, "volume": 16644738, "typical_volume": 8641001.9, "trend": 62.170808, "fair_value": 62.471024, "relative_strength": -17.235108, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 31.482861, "energy": 16.302009, "activity_lines": [ 66.100001, 65.207274, 65.243698, 64.018799 ] }, { "date": "2026-08-07", "close": 76.300003, "volume": 14835132, "typical_volume": 9135175.25, "trend": 62.846352, "fair_value": 62.612346, "relative_strength": -6.668162, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.680596, "energy": 51.106941, "activity_lines": [ 69.620002, 67.183638, 66.347446, 64.93036 ] }, { "date": "2026-08-14", "close": 75.599998, "volume": 28073065, "typical_volume": 10219120.5, "trend": 63.521621, "fair_value": 62.756376, "relative_strength": -9.95773, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.227781, "energy": 60.138909, "activity_lines": [ 72.373334, 68.921819, 67.307315, 65.753176 ] } ], "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." } } }