{ "ticker": { "uuid": "133905f7-8364-4282-bb4c-2744ae62f99e", "symbol": "SHIVALIK", "name": "Shivalik Rasayan Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -21.943, "architecture_energy": 18.066, "architecture_maturity": 100.0, "architecture_confidence": 73.967, "architecture_tenure": "Extended", "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": 45.49, "rotation_up": 37.35, "upward_expansion": 22.23, "deceleration": 41.12, "rotation_down": 23.48, "downward_expansion": 56.23 }, "activity_lines": [ 245.732001, 236.217819, 242.792619, 248.69043 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 254.5, "trend_reference": 261.077332, "distance_from_trend": -0.025193, "trend_direction": "Weakening", "fair_value": 533.106655, "distance_from_fair_value": -0.52261, "fair_value_direction": "Weakening", "relative_strength": -21.976813, "relative_strength_direction": "Improving", "price_momentum": -0.108113, "excess_performance": -0.064404, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.025193, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.168195, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.52261, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.014308, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.219768, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.063398, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.108113, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.963502, "read": "Supply-led" } ], "volume": { "latest": 156290, "relative_activity": 0.864467, "balance": 0.963502, "dry_up": 0.964785, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.104247, "annualized_volatility": 0.545915, "from_high_reference": -0.56376, "from_low_reference": 0.230955 }, "levels": { "trend_reference": 261.077332, "fair_value_reference": 533.106655, "structural_low": 206.75, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": -0.038835, "positive_rate": 0.28, "directional_follow_through": 0.72, "median_excess_return": -0.052883, "regime_survival": 0.84, "best_return": 0.436475, "worst_return": -0.223072, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.074696, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.102009, "regime_survival": 0.571429, "best_return": 0.28521, "worst_return": -0.352615, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.164065, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.272265, "regime_survival": 0.8, "best_return": 0.071631, "worst_return": -0.362369, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.242499, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.422451, "regime_survival": 0.5, "best_return": -0.228188, "worst_return": -0.256809, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-26", "end": "2024-03-01", "tenure": "Developing", "return": -0.114755, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-08", "end": "2024-05-24", "tenure": "Developing", "return": -0.03611, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-07-05", "tenure": "Developing", "return": 0.214321, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-12", "end": "2024-08-02", "tenure": "New", "return": -0.069051, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": -0.055881, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-06", "end": "2024-09-20", "tenure": "New", "return": -0.02436, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.064034, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.126167, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.069525, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": 0.014094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-02-14", "tenure": "Developing", "return": -0.178995, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-03-21", "tenure": "Developing", "return": -0.135188, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-05-09", "tenure": "Developing", "return": -0.124474, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-16", "end": "2026-08-07", "tenure": "Extended", "return": -0.563498, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 747.402344, "volume": 59892, "typical_volume": 75487.5, "trend": 731.218896, "fair_value": 810.751581, "relative_strength": -8.435383, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.527331, "energy": 30.479975, "activity_lines": [ 785.919377, 780.485713, 767.731549, 752.665448 ] }, { "date": "2023-08-25", "close": 755.580444, "volume": 60158, "typical_volume": 75390.55, "trend": 733.459574, "fair_value": 810.138569, "relative_strength": -6.321004, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.877954, "energy": 20.393374, "activity_lines": [ 775.217973, 776.522667, 767.197262, 754.237161 ] }, { "date": "2023-09-01", "close": 765.005188, "volume": 109099, "typical_volume": 73989.8, "trend": 736.704232, "fair_value": 809.642598, "relative_strength": -5.284777, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.167114, "energy": 16.01369, "activity_lines": [ 767.894189, 774.645852, 767.550597, 756.272362 ] }, { "date": "2023-09-08", "close": 724.762817, "volume": 82828, "typical_volume": 74860.05, "trend": 736.607825, "fair_value": 808.719991, "relative_strength": -11.347263, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.007849, "energy": 14.381511, "activity_lines": [ 748.595772, 765.425949, 764.218787, 755.501948 ] }, { "date": "2023-09-15", "close": 726.707642, "volume": 51968, "typical_volume": 75466.25, "trend": 738.238468, "fair_value": 807.838138, "relative_strength": -12.208835, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.592461, "energy": 12.385121, "activity_lines": [ 739.077885, 757.659437, 761.340055, 754.863226 ] }, { "date": "2023-09-22", "close": 695.888672, "volume": 34593, "typical_volume": 75884.35, "trend": 739.220799, "fair_value": 806.647186, "relative_strength": -13.076373, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.948887, "energy": 31.754013, "activity_lines": [ 723.07688, 744.993958, 755.698342, 752.130981 ] }, { "date": "2023-09-29", "close": 738.255798, "volume": 57822, "typical_volume": 77260.9, "trend": 741.249677, "fair_value": 805.927277, "relative_strength": -7.143972, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.496948, "energy": 27.464456, "activity_lines": [ 724.632495, 740.924684, 754.232651, 752.068723 ] }, { "date": "2023-10-06", "close": 713.354553, "volume": 16705, "typical_volume": 76498.25, "trend": 743.683545, "fair_value": 804.962978, "relative_strength": -9.812106, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.386105, "energy": 29.758336, "activity_lines": [ 719.042672, 732.707279, 750.291267, 750.269038 ] }, { "date": "2023-10-13", "close": 693.443481, "volume": 45329, "typical_volume": 75347.0, "trend": 745.483632, "fair_value": 803.813292, "relative_strength": -12.254346, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.735135, "energy": 37.356673, "activity_lines": [ 710.2592, 722.201369, 744.283278, 747.027744 ] }, { "date": "2023-10-20", "close": 696.038452, "volume": 24267, "typical_volume": 72206.5, "trend": 746.637177, "fair_value": 802.713549, "relative_strength": -10.515971, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.490206, "energy": 40.844246, "activity_lines": [ 704.428674, 715.22733, 738.67703, 743.837732 ] }, { "date": "2023-10-27", "close": 690.449341, "volume": 35925, "typical_volume": 71118.0, "trend": 747.443184, "fair_value": 801.579567, "relative_strength": -8.505625, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.015352, "energy": 47.843614, "activity_lines": [ 698.779724, 708.828312, 732.89112, 740.21271 ] }, { "date": "2023-11-03", "close": 694.241882, "volume": 96226, "typical_volume": 71136.8, "trend": 745.468378, "fair_value": 800.50619, "relative_strength": -8.488442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.385967, "energy": 48.629339, "activity_lines": [ 694.757576, 704.154357, 727.708165, 736.780368 ] }, { "date": "2023-11-10", "close": 670.039185, "volume": 56188, "typical_volume": 71323.95, "trend": 741.270603, "fair_value": 799.214438, "relative_strength": -12.167132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.657234, "energy": 56.99263, "activity_lines": [ 685.602124, 696.195157, 720.609875, 731.913969 ] }, { "date": "2023-11-17", "close": 657.962891, "volume": 71525, "typical_volume": 71488.75, "trend": 737.168951, "fair_value": 797.829619, "relative_strength": -14.65463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.938572, "energy": 64.423232, "activity_lines": [ 675.308932, 687.766922, 712.806795, 726.539278 ] }, { "date": "2023-11-24", "close": 672.58429, "volume": 54501, "typical_volume": 71847.6, "trend": 734.159727, "fair_value": 796.613644, "relative_strength": -12.755376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.668069, "energy": 60.062084, "activity_lines": [ 672.254912, 683.211668, 707.002363, 722.372525 ] }, { "date": "2023-12-01", "close": 688.902344, "volume": 177044, "typical_volume": 78458.0, "trend": 732.939443, "fair_value": 795.577959, "relative_strength": -12.531082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.668326, "energy": 50.088569, "activity_lines": [ 676.203854, 682.607393, 703.194269, 719.452694 ] }, { "date": "2023-12-08", "close": 645.68689, "volume": 102055, "typical_volume": 80527.7, "trend": 730.582833, "fair_value": 794.150425, "relative_strength": -20.402175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.836383, "energy": 52.635083, "activity_lines": [ 665.850778, 674.272787, 695.53759, 713.823497 ] }, { "date": "2023-12-15", "close": 619.288513, "volume": 96392, "typical_volume": 80597.7, "trend": 728.639486, "fair_value": 792.500784, "relative_strength": -24.879423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.501405, "energy": 56.891634, "activity_lines": [ 649.935242, 662.821548, 685.906944, 706.643218 ] }, { "date": "2023-12-22", "close": 616.344238, "volume": 78523, "typical_volume": 74039.4, "trend": 724.987303, "fair_value": 790.854461, "relative_strength": -24.489688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.447251, "energy": 63.933974, "activity_lines": [ 636.421659, 652.545277, 676.792599, 699.398364 ] }, { "date": "2023-12-29", "close": 742.397644, "volume": 310148, "typical_volume": 81059.4, "trend": 724.064168, "fair_value": 790.405787, "relative_strength": -10.287774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.159534, "energy": 23.802489, "activity_lines": [ 667.700456, 666.589612, 680.851924, 700.521611 ] }, { "date": "2024-01-05", "close": 706.018921, "volume": 131763, "typical_volume": 84652.95, "trend": 722.890839, "fair_value": 789.631596, "relative_strength": -14.262983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.447185, "energy": 16.928681, "activity_lines": [ 682.198787, 673.176739, 681.642599, 699.357402 ] }, { "date": "2024-01-12", "close": 679.969788, "volume": 129159, "typical_volume": 88103.0, "trend": 719.687309, "fair_value": 788.63467, "relative_strength": -17.687624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.64251, "energy": 18.24478, "activity_lines": [ 686.87297, 674.744577, 680.149468, 696.588302 ] }, { "date": "2024-01-19", "close": 699.032593, "volume": 92410, "typical_volume": 87268.55, "trend": 717.536426, "fair_value": 787.827444, "relative_strength": -13.998298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.879955, "energy": 20.255564, "activity_lines": [ 695.615894, 680.037872, 680.831894, 695.25574 ] }, { "date": "2024-01-26", "close": 674.031372, "volume": 75133, "typical_volume": 86883.8, "trend": 713.829102, "fair_value": 786.811408, "relative_strength": -15.701431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.394569, "energy": 11.723998, "activity_lines": [ 690.708805, 680.258337, 679.447406, 692.448962 ] }, { "date": "2024-02-02", "close": 682.165527, "volume": 133597, "typical_volume": 90965.25, "trend": 711.052816, "fair_value": 785.885338, "relative_strength": -16.375342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.852883, "energy": 7.318656, "activity_lines": [ 684.667293, 681.665586, 679.079177, 690.406151 ] }, { "date": "2024-02-09", "close": 666.146912, "volume": 79698, "typical_volume": 93220.5, "trend": 708.424089, "fair_value": 784.835001, "relative_strength": -17.64026, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.625318, "energy": 15.319715, "activity_lines": [ 677.301717, 679.986155, 677.397472, 687.508996 ] }, { "date": "2024-02-16", "close": 671.885681, "volume": 77480, "typical_volume": 94203.4, "trend": 705.516243, "fair_value": 783.852833, "relative_strength": -17.592819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.937891, "energy": 17.875781, "activity_lines": [ 674.507198, 679.763872, 676.403944, 685.151679 ] }, { "date": "2024-02-23", "close": 625.226929, "volume": 54343, "typical_volume": 96085.3, "trend": 700.137223, "fair_value": 782.485368, "relative_strength": -23.511363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.633522, "energy": 37.370848, "activity_lines": [ 656.698702, 670.581837, 671.282772, 679.971723 ] }, { "date": "2024-03-01", "close": 596.682739, "volume": 54842, "typical_volume": 96560.95, "trend": 691.30176, "fair_value": 780.897312, "relative_strength": -26.965306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.793425, "energy": 58.49067, "activity_lines": [ 634.295854, 656.101979, 663.862763, 673.29724 ] }, { "date": "2024-03-08", "close": 599.776733, "volume": 144826, "typical_volume": 102588.9, "trend": 685.175793, "fair_value": 779.362392, "relative_strength": -26.702194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.768682, "energy": 63.378211, "activity_lines": [ 618.080912, 642.542146, 657.198184, 667.3924 ] }, { "date": "2024-03-15", "close": 538.945679, "volume": 175081, "typical_volume": 109546.7, "trend": 678.227238, "fair_value": 777.342083, "relative_strength": -32.267364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.382116, "energy": 75.231427, "activity_lines": [ 587.081539, 620.51523, 645.198561, 657.958199 ] }, { "date": "2024-03-22", "close": 579.61615, "volume": 141973, "typical_volume": 111834.05, "trend": 672.361762, "fair_value": 775.694367, "relative_strength": -26.899868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.871243, "energy": 67.551834, "activity_lines": [ 578.119071, 608.92064, 637.793762, 651.596193 ] }, { "date": "2024-03-29", "close": 576.771729, "volume": 152934, "typical_volume": 116671.35, "trend": 666.087313, "fair_value": 774.050378, "relative_strength": -27.521067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.203915, "energy": 65.908678, "activity_lines": [ 574.359766, 598.633494, 630.663903, 645.429094 ] }, { "date": "2024-04-05", "close": 578.468323, "volume": 125686, "typical_volume": 119379.4, "trend": 661.21083, "fair_value": 772.447247, "relative_strength": -27.238911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.245968, "energy": 58.498643, "activity_lines": [ 574.396338, 590.877744, 624.139755, 639.776256 ] }, { "date": "2024-04-12", "close": 596.533081, "volume": 332875, "typical_volume": 133298.1, "trend": 656.871678, "fair_value": 771.01705, "relative_strength": -24.236508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.841616, "energy": 37.1417, "activity_lines": [ 581.668791, 588.144006, 619.714605, 635.603498 ] }, { "date": "2024-04-19", "close": 561.202148, "volume": 61343, "typical_volume": 127513.05, "trend": 652.382127, "fair_value": 769.324994, "relative_strength": -26.760874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.909712, "energy": 38.173648, "activity_lines": [ 577.380509, 580.543416, 612.286754, 629.431271 ] }, { "date": "2024-04-26", "close": 577.170898, "volume": 80677, "typical_volume": 126444.15, "trend": 647.01263, "fair_value": 767.787762, "relative_strength": -24.905833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.045625, "energy": 33.309149, "activity_lines": [ 576.93138, 577.754321, 606.987832, 624.578933 ] }, { "date": "2024-05-03", "close": 631.165283, "volume": 1368236, "typical_volume": 190036.35, "trend": 644.272988, "fair_value": 766.703456, "relative_strength": -17.526583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.68748, "energy": 18.442142, "activity_lines": [ 594.643396, 586.504474, 607.157499, 623.556524 ] }, { "date": "2024-05-10", "close": 610.555603, "volume": 177871, "typical_volume": 195003.75, "trend": 641.510059, "fair_value": 765.473946, "relative_strength": -18.169649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.881736, "energy": 15.934956, "activity_lines": [ 601.859281, 591.399443, 605.307783, 621.381209 ] }, { "date": "2024-05-17", "close": 612.401978, "volume": 61812, "typical_volume": 182586.95, "trend": 638.722176, "fair_value": 764.278071, "relative_strength": -18.964367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.16436, "energy": 16.444699, "activity_lines": [ 607.551473, 596.377882, 603.661478, 619.503268 ] }, { "date": "2024-05-24", "close": 578.119019, "volume": 54243, "typical_volume": 178710.95, "trend": 634.977832, "fair_value": 762.834978, "relative_strength": -24.530473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.268863, "energy": 18.693351, "activity_lines": [ 600.758085, 594.893506, 599.369155, 615.593387 ] }, { "date": "2024-05-31", "close": 599.327576, "volume": 176307, "typical_volume": 181068.35, "trend": 631.814022, "fair_value": 761.577228, "relative_strength": -19.588349, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.310798, "energy": 13.109742, "activity_lines": [ 599.906425, 596.552989, 597.705743, 613.29337 ] }, { "date": "2024-06-07", "close": 586.452698, "volume": 61742, "typical_volume": 179534.95, "trend": 629.027806, "fair_value": 760.2404, "relative_strength": -23.223243, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.730965, "energy": 17.539258, "activity_lines": [ 593.286027, 595.513195, 595.200162, 610.366833 ] }, { "date": "2024-06-14", "close": 577.470276, "volume": 75236, "typical_volume": 179540.1, "trend": 626.344718, "fair_value": 758.855778, "relative_strength": -24.226263, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.997013, "energy": 23.75185, "activity_lines": [ 586.652328, 592.664216, 592.375207, 607.040541 ] }, { "date": "2024-06-21", "close": 599.327576, "volume": 108023, "typical_volume": 178261.4, "trend": 623.902828, "fair_value": 757.656317, "relative_strength": -20.754133, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.218072, "energy": 18.882596, "activity_lines": [ 589.510083, 593.807438, 592.091714, 605.2975 ] }, { "date": "2024-06-28", "close": 631.863892, "volume": 282560, "typical_volume": 188404.5, "trend": 622.001546, "fair_value": 756.717568, "relative_strength": -17.504872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.521782, "energy": 5.156104, "activity_lines": [ 604.084904, 600.815544, 595.301385, 605.811117 ] }, { "date": "2024-07-05", "close": 727.776306, "volume": 982166, "typical_volume": 233638.8, "trend": 624.73786, "fair_value": 756.503188, "relative_strength": -5.656084, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.293249, "energy": 40.05136, "activity_lines": [ 647.047538, 623.977513, 607.808823, 612.635295 ] }, { "date": "2024-07-12", "close": 686.556946, "volume": 243205, "typical_volume": 243081.9, "trend": 626.980141, "fair_value": 755.988878, "relative_strength": -11.104889, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.731587, "energy": 44.542178, "activity_lines": [ 667.707137, 636.906772, 616.124463, 616.623623 ] }, { "date": "2024-07-19", "close": 626.474487, "volume": 76777, "typical_volume": 244178.65, "trend": 627.317816, "fair_value": 755.043517, "relative_strength": -18.336288, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.25042, "energy": 42.745863, "activity_lines": [ 661.665633, 637.904826, 618.425916, 616.591 ] }, { "date": "2024-07-26", "close": 646.335571, "volume": 95581, "typical_volume": 241716.4, "trend": 624.115747, "fair_value": 754.255778, "relative_strength": -16.055084, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.245077, "energy": 40.981858, "activity_lines": [ 658.977543, 642.224553, 622.477035, 617.817952 ] }, { "date": "2024-08-02", "close": 639.149658, "volume": 130708, "typical_volume": 239497.75, "trend": 621.886772, "fair_value": 753.427677, "relative_strength": -15.637544, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.395804, "energy": 17.942736, "activity_lines": [ 650.760282, 644.620775, 625.622073, 618.787882 ] }, { "date": "2024-08-09", "close": 588.49884, "volume": 138652, "typical_volume": 239331.7, "trend": 618.83774, "fair_value": 752.249614, "relative_strength": -20.398637, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.95107, "energy": 9.771555, "activity_lines": [ 625.173698, 636.69811, 623.466062, 616.633822 ] }, { "date": "2024-08-16", "close": 533.157043, "volume": 139313, "typical_volume": 238650.65, "trend": 613.308555, "fair_value": 750.695766, "relative_strength": -27.615489, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.766909, "energy": 23.603608, "activity_lines": [ 590.425012, 618.910186, 615.997104, 611.106035 ] }, { "date": "2024-08-23", "close": 577.719788, "volume": 147004, "typical_volume": 239716.55, "trend": 610.098169, "fair_value": 749.477625, "relative_strength": -21.656011, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.396843, "energy": 25.826702, "activity_lines": [ 580.757235, 610.193591, 612.979907, 608.809985 ] }, { "date": "2024-08-30", "close": 555.613098, "volume": 76001, "typical_volume": 226872.85, "trend": 605.879755, "fair_value": 748.121929, "relative_strength": -25.044593, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.565762, "energy": 38.361366, "activity_lines": [ 566.970874, 597.453062, 607.860875, 605.294819 ] }, { "date": "2024-09-06", "close": 551.321533, "volume": 107030, "typical_volume": 229157.2, "trend": 602.052242, "fair_value": 746.75526, "relative_strength": -23.757115, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.664574, "energy": 47.808436, "activity_lines": [ 557.802156, 584.727056, 602.52798, 601.774934 ] }, { "date": "2024-09-13", "close": 551.022095, "volume": 69813, "typical_volume": 228614.0, "trend": 598.023456, "fair_value": 745.405376, "relative_strength": -24.603686, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.664513, "energy": 40.526745, "activity_lines": [ 554.388835, 573.411014, 597.213617, 598.482666 ] }, { "date": "2024-09-20", "close": 537.891602, "volume": 60250, "typical_volume": 163214.7, "trend": 595.112278, "fair_value": 743.984049, "relative_strength": -26.9325, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.455171, "energy": 51.347925, "activity_lines": [ 549.097132, 562.921322, 590.773249, 594.603192 ] }, { "date": "2024-09-27", "close": 594.382935, "volume": 299834, "typical_volume": 169312.85, "trend": 595.035618, "fair_value": 742.966354, "relative_strength": -19.649385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.542118, "energy": 30.673252, "activity_lines": [ 562.320235, 565.405788, 590.157169, 594.556138 ] }, { "date": "2024-10-04", "close": 632.443359, "volume": 612518, "typical_volume": 196848.15, "trend": 596.124506, "fair_value": 742.219577, "relative_strength": -9.848972, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 5.562061, "energy": 5.826548, "activity_lines": [ 587.119271, 575.393814, 593.242903, 596.96954 ] }, { "date": "2024-10-11", "close": 598.978088, "volume": 139652, "typical_volume": 201118.6, "trend": 598.125586, "fair_value": 741.258225, "relative_strength": -13.789938, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.33066, "energy": 17.429922, "activity_lines": [ 595.641199, 579.549831, 593.046034, 597.153642 ] }, { "date": "2024-10-18", "close": 568.110229, "volume": 59255, "typical_volume": 195266.0, "trend": 597.742055, "fair_value": 740.103905, "relative_strength": -17.139679, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.719731, "energy": 20.914384, "activity_lines": [ 590.696736, 578.823902, 589.81004, 595.217168 ] }, { "date": "2024-10-25", "close": 532.89679, "volume": 96860, "typical_volume": 197021.9, "trend": 596.279557, "fair_value": 738.731672, "relative_strength": -19.31225, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.251308, "energy": 20.320552, "activity_lines": [ 572.875252, 572.066232, 583.369039, 591.033602 ] }, { "date": "2024-11-01", "close": 588.239258, "volume": 97603, "typical_volume": 198140.25, "trend": 596.605255, "fair_value": 737.74159, "relative_strength": -10.636804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.255284, "energy": 20.609686, "activity_lines": [ 573.834245, 575.37556, 582.453777, 590.514873 ] }, { "date": "2024-11-08", "close": 548.630432, "volume": 100240, "typical_volume": 197751.1, "trend": 595.0085, "fair_value": 736.50557, "relative_strength": -15.407913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.369959, "energy": 35.572585, "activity_lines": [ 561.999874, 571.292021, 577.714966, 587.419723 ] }, { "date": "2024-11-15", "close": 523.406616, "volume": 48800, "typical_volume": 186063.1, "trend": 593.748649, "fair_value": 735.12181, "relative_strength": -16.522635, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.46577, "energy": 50.428388, "activity_lines": [ 547.345093, 562.749291, 570.815301, 582.800247 ] }, { "date": "2024-11-22", "close": 545.283875, "volume": 75652, "typical_volume": 140737.4, "trend": 592.685748, "fair_value": 733.897049, "relative_strength": -13.70021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.821988, "energy": 43.089507, "activity_lines": [ 545.020829, 558.691788, 566.515647, 579.673487 ] }, { "date": "2024-11-29", "close": 583.194519, "volume": 119889, "typical_volume": 134571.6, "trend": 591.086723, "fair_value": 732.931008, "relative_strength": -7.89822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.432472, "energy": 30.140856, "activity_lines": [ 556.855204, 561.631461, 566.695543, 579.06115 ] }, { "date": "2024-12-06", "close": 786.733215, "volume": 3041015, "typical_volume": 282783.5, "trend": 596.95931, "fair_value": 732.123464, "relative_strength": 21.396586, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.855032, "energy": 36.642429, "activity_lines": [ 633.182629, 600.75448, 586.752279, 591.683504 ] }, { "date": "2024-12-13", "close": 797.821716, "volume": 668856, "typical_volume": 311447.25, "trend": 603.139968, "fair_value": 731.658562, "relative_strength": 22.357693, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.884257, "energy": 74.485065, "activity_lines": [ 699.973291, 638.396312, 607.101925, 604.642369 ] }, { "date": "2024-12-20", "close": 783.286743, "volume": 491653, "typical_volume": 329494.5, "trend": 609.978892, "fair_value": 730.527014, "relative_strength": 25.743732, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.002061, "energy": 80.148219, "activity_lines": [ 745.306209, 670.388543, 625.345926, 616.264742 ] }, { "date": "2024-12-27", "close": 763.906921, "volume": 143796, "typical_volume": 329751.7, "trend": 615.46487, "fair_value": 728.721723, "relative_strength": 21.653873, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.115435, "energy": 80.44111, "activity_lines": [ 766.853845, 695.506103, 641.057863, 626.195582 ] }, { "date": "2025-01-03", "close": 757.114014, "volume": 203833, "typical_volume": 332977.7, "trend": 621.153581, "fair_value": 726.381204, "relative_strength": 19.696436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.797441, "energy": 79.384453, "activity_lines": [ 771.562309, 715.82865, 655.287579, 635.334237 ] }, { "date": "2025-01-10", "close": 698.87439, "volume": 145774, "typical_volume": 332916.2, "trend": 625.200385, "fair_value": 723.662242, "relative_strength": 13.293836, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.150583, "energy": 54.403807, "activity_lines": [ 745.262931, 721.485497, 662.904203, 640.348482 ] }, { "date": "2025-01-17", "close": 774.34613, "volume": 341779, "typical_volume": 346205.1, "trend": 631.034336, "fair_value": 722.194473, "relative_strength": 26.667051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.527022, "energy": 45.455507, "activity_lines": [ 749.978056, 738.852931, 677.131684, 649.970789 ] }, { "date": "2025-01-24", "close": 771.149414, "volume": 464376, "typical_volume": 364072.4, "trend": 635.677187, "fair_value": 720.828575, "relative_strength": 26.581622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.858016, "energy": 41.291055, "activity_lines": [ 755.192647, 751.535222, 690.013131, 659.010471 ] }, { "date": "2025-01-31", "close": 748.722656, "volume": 336607, "typical_volume": 377412.1, "trend": 636.375399, "fair_value": 719.398466, "relative_strength": 20.668688, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.501392, "energy": 32.593937, "activity_lines": [ 753.740808, 755.635506, 699.711897, 666.303727 ] }, { "date": "2025-02-07", "close": 752.069153, "volume": 1338919, "typical_volume": 441345.55, "trend": 638.559139, "fair_value": 718.250189, "relative_strength": 20.824884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.931013, "energy": 32.305657, "activity_lines": [ 754.416752, 756.645357, 708.787945, 673.76784 ] }, { "date": "2025-02-14", "close": 643.082336, "volume": 469344, "typical_volume": 449821.05, "trend": 639.112734, "fair_value": 716.772281, "relative_strength": 6.345941, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.84077, "energy": 16.415869, "activity_lines": [ 719.100081, 734.768975, 706.464404, 674.059659 ] }, { "date": "2025-02-21", "close": 718.254333, "volume": 191358, "typical_volume": 428763.05, "trend": 641.510026, "fair_value": 715.793817, "relative_strength": 19.179811, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.799711, "energy": 17.028596, "activity_lines": [ 712.560213, 729.172063, 711.068198, 679.165569 ] }, { "date": "2025-02-28", "close": 722.200195, "volume": 92868, "typical_volume": 426423.85, "trend": 644.278377, "fair_value": 714.964926, "relative_strength": 22.939544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.820669, "energy": 16.448078, "activity_lines": [ 711.075085, 725.739261, 715.639165, 684.371386 ] }, { "date": "2025-03-07", "close": 676.297852, "volume": 133476, "typical_volume": 430134.9, "trend": 647.205011, "fair_value": 713.698022, "relative_strength": 12.670595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.485592, "energy": 13.19299, "activity_lines": [ 697.552458, 715.071242, 715.251708, 686.437159 ] }, { "date": "2025-03-14", "close": 609.117615, "volume": 306882, "typical_volume": 440636.0, "trend": 649.73703, "fair_value": 711.73754, "relative_strength": 1.981311, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.897593, "energy": 13.408548, "activity_lines": [ 666.464738, 693.781527, 707.950955, 683.979908 ] }, { "date": "2025-03-21", "close": 621.15509, "volume": 341289, "typical_volume": 452820.3, "trend": 651.184873, "fair_value": 710.119713, "relative_strength": -0.275287, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.611827, "energy": 29.640822, "activity_lines": [ 648.919613, 677.371288, 701.433671, 682.135912 ] }, { "date": "2025-03-28", "close": 628.79718, "volume": 215717, "typical_volume": 458594.15, "trend": 653.624343, "fair_value": 708.129155, "relative_strength": 0.1613, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.90943, "energy": 38.347339, "activity_lines": [ 635.383667, 663.763597, 695.487463, 680.691544 ] }, { "date": "2025-04-04", "close": 630.89502, "volume": 160338, "typical_volume": 464171.05, "trend": 656.276792, "fair_value": 705.84534, "relative_strength": 3.055997, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.511867, "energy": 39.283837, "activity_lines": [ 628.510811, 653.183677, 689.359303, 679.225136 ] }, { "date": "2025-04-11", "close": 593.483826, "volume": 143041, "typical_volume": 467540.5, "trend": 657.692183, "fair_value": 703.584326, "relative_strength": -2.6983, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.278221, "energy": 38.382368, "activity_lines": [ 615.25457, 638.351801, 679.156323, 675.173977 ] }, { "date": "2025-04-18", "close": 608.368408, "volume": 61930, "typical_volume": 464642.55, "trend": 660.04141, "fair_value": 701.265692, "relative_strength": -4.547772, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.548812, "energy": 33.829368, "activity_lines": [ 612.48079, 629.048737, 670.141399, 671.991798 ] }, { "date": "2025-04-25", "close": 584.443237, "volume": 117127, "typical_volume": 318448.15, "trend": 659.710087, "fair_value": 699.203909, "relative_strength": -8.923742, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.325894, "energy": 36.580712, "activity_lines": [ 601.781901, 618.008383, 658.728011, 667.114497 ] }, { "date": "2025-05-02", "close": 573.754333, "volume": 45922, "typical_volume": 287301.45, "trend": 657.753786, "fair_value": 697.204596, "relative_strength": -11.429998, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.853532, "energy": 45.355052, "activity_lines": [ 589.967501, 606.090757, 647.259918, 661.568964 ] }, { "date": "2025-05-09", "close": 550.528442, "volume": 57493, "typical_volume": 265593.45, "trend": 656.138798, "fair_value": 695.849358, "relative_strength": -13.519391, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.941216, "energy": 65.668845, "activity_lines": [ 574.08066, 592.577514, 634.646822, 654.6512 ] }, { "date": "2025-05-16", "close": 583.044739, "volume": 118739, "typical_volume": 264340.6, "trend": 656.636615, "fair_value": 694.566777, "relative_strength": -11.862505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.727654, "energy": 63.657684, "activity_lines": [ 574.390356, 588.097631, 626.23889, 649.935454 ] }, { "date": "2025-05-23", "close": 584.343323, "volume": 114235, "typical_volume": 259860.7, "trend": 658.351499, "fair_value": 693.60817, "relative_strength": -10.965693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.736508, "energy": 59.970511, "activity_lines": [ 575.828853, 585.549364, 618.815881, 645.271371 ] }, { "date": "2025-05-30", "close": 589.338135, "volume": 104444, "typical_volume": 257794.2, "trend": 658.388129, "fair_value": 692.324718, "relative_strength": -9.649421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.23171, "energy": 46.015651, "activity_lines": [ 580.53396, 584.359687, 612.691286, 640.818896 ] }, { "date": "2025-06-06", "close": 549.87915, "volume": 160816, "typical_volume": 248746.05, "trend": 658.429753, "fair_value": 690.854137, "relative_strength": -16.355086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.608641, "energy": 43.094877, "activity_lines": [ 571.759745, 576.574139, 603.330293, 633.818317 ] }, { "date": "2025-06-13", "close": 546.732361, "volume": 148966, "typical_volume": 232975.55, "trend": 659.207277, "fair_value": 689.883823, "relative_strength": -15.723172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.231968, "energy": 52.550173, "activity_lines": [ 563.52828, 569.651321, 594.738497, 626.612033 ] }, { "date": "2025-06-20", "close": 525.903992, "volume": 125426, "typical_volume": 222416.5, "trend": 658.561281, "fair_value": 688.617377, "relative_strength": -19.937511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.57786, "energy": 66.489815, "activity_lines": [ 548.607096, 560.471756, 585.231699, 618.011821 ] }, { "date": "2025-06-27", "close": 542.836426, "volume": 186270, "typical_volume": 164784.05, "trend": 657.216012, "fair_value": 687.571931, "relative_strength": -18.746098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.927195, "energy": 65.950164, "activity_lines": [ 543.139441, 555.599541, 578.398556, 610.545702 ] }, { "date": "2025-07-04", "close": 535.444092, "volume": 123313, "typical_volume": 147482.5, "trend": 648.839707, "fair_value": 686.241401, "relative_strength": -18.763075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.900971, "energy": 67.59879, "activity_lines": [ 537.974801, 550.574755, 571.857726, 602.689449 ] }, { "date": "2025-07-11", "close": 527.002869, "volume": 160862, "typical_volume": 145957.7, "trend": 639.812412, "fair_value": 685.044619, "relative_strength": -18.627441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.268566, "energy": 66.807277, "activity_lines": [ 533.589356, 544.906095, 565.025534, 594.829007 ] }, { "date": "2025-07-18", "close": 595.182068, "volume": 421717, "typical_volume": 162400.15, "trend": 633.542257, "fair_value": 683.920671, "relative_strength": -7.314573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.707357, "energy": 31.892694, "activity_lines": [ 553.455396, 552.483679, 565.59732, 591.94963 ] }, { "date": "2025-07-25", "close": 544.934265, "volume": 130396, "typical_volume": 162246.15, "trend": 626.243168, "fair_value": 682.292516, "relative_strength": -14.429143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.730393, "energy": 30.295164, "activity_lines": [ 553.342188, 550.113416, 561.988449, 586.232986 ] }, { "date": "2025-08-01", "close": 589.487976, "volume": 663735, "typical_volume": 180088.8, "trend": 620.655634, "fair_value": 680.581277, "relative_strength": -6.278421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.603504, "energy": 16.834709, "activity_lines": [ 566.811532, 556.536744, 563.24833, 583.861683 ] }, { "date": "2025-08-08", "close": 552.726135, "volume": 116255, "typical_volume": 168837.1, "trend": 615.784025, "fair_value": 679.003069, "relative_strength": -11.296794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.167369, "energy": 19.361178, "activity_lines": [ 564.916825, 556.182563, 561.100557, 579.479135 ] }, { "date": "2025-08-15", "close": 514.515808, "volume": 231388, "typical_volume": 169620.65, "trend": 607.123014, "fair_value": 676.631051, "relative_strength": -18.275927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.209896, "energy": 30.815109, "activity_lines": [ 549.133207, 549.546722, 555.639558, 572.945701 ] }, { "date": "2025-08-22", "close": 496.084961, "volume": 158388, "typical_volume": 169523.15, "trend": 597.954199, "fair_value": 673.021415, "relative_strength": -21.764217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.984842, "energy": 39.113995, "activity_lines": [ 528.038444, 540.202788, 548.967437, 565.781956 ] }, { "date": "2025-08-29", "close": 458.074402, "volume": 101046, "typical_volume": 167423.4, "trend": 588.265924, "fair_value": 669.736483, "relative_strength": -26.266316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.071175, "energy": 70.004121, "activity_lines": [ 500.879968, 524.868705, 539.317216, 556.757453 ] }, { "date": "2025-09-05", "close": 449.233612, "volume": 125204, "typical_volume": 170587.1, "trend": 578.171406, "fair_value": 666.592959, "relative_strength": -28.389511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.157811, "energy": 78.77235, "activity_lines": [ 476.56522, 509.16047, 529.469821, 547.787626 ] }, { "date": "2025-09-12", "close": 478.75296, "volume": 522708, "typical_volume": 190866.15, "trend": 572.69376, "fair_value": 664.13514, "relative_strength": -24.66499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.653421, "energy": 73.038223, "activity_lines": [ 471.440546, 500.52126, 523.191578, 541.373533 ] }, { "date": "2025-09-19", "close": 475.649994, "volume": 92249, "typical_volume": 193182.5, "trend": 564.606949, "fair_value": 661.507365, "relative_strength": -25.665622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.749289, "energy": 67.664825, "activity_lines": [ 470.213094, 492.348621, 517.121101, 535.112645 ] }, { "date": "2025-09-26", "close": 436.799988, "volume": 147967, "typical_volume": 197706.2, "trend": 555.093609, "fair_value": 659.010625, "relative_strength": -29.608251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.57237, "energy": 64.399048, "activity_lines": [ 458.626695, 478.046034, 507.817787, 526.867035 ] }, { "date": "2025-10-03", "close": 439.649994, "volume": 62400, "typical_volume": 194889.25, "trend": 547.205347, "fair_value": 656.418675, "relative_strength": -29.419686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.402632, "energy": 50.393486, "activity_lines": [ 451.942629, 467.141304, 499.327466, 519.419059 ] }, { "date": "2025-10-10", "close": 430.649994, "volume": 165416, "typical_volume": 197448.3, "trend": 541.256426, "fair_value": 653.976491, "relative_strength": -31.567724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.982493, "energy": 51.273807, "activity_lines": [ 443.486857, 456.514469, 490.662834, 511.899359 ] }, { "date": "2025-10-17", "close": 407.899994, "volume": 117626, "typical_volume": 198107.4, "trend": 534.147923, "fair_value": 651.345001, "relative_strength": -35.906725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.436575, "energy": 70.597318, "activity_lines": [ 428.68666, 444.639235, 480.563409, 503.295719 ] }, { "date": "2025-10-24", "close": 410.850006, "volume": 145585, "typical_volume": 197345.85, "trend": 526.883017, "fair_value": 648.76183, "relative_strength": -35.349762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.375652, "energy": 70.973454, "activity_lines": [ 419.593331, 435.933568, 471.608929, 495.341014 ] }, { "date": "2025-10-31", "close": 444.149994, "volume": 407200, "typical_volume": 210257.55, "trend": 520.658183, "fair_value": 646.39212, "relative_strength": -29.529753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.88617, "energy": 64.032956, "activity_lines": [ 425.919997, 435.167278, 466.487919, 490.0034 ] }, { "date": "2025-11-07", "close": 457.450012, "volume": 98087, "typical_volume": 208890.6, "trend": 516.123722, "fair_value": 644.176392, "relative_strength": -26.489789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.85037, "energy": 46.074782, "activity_lines": [ 436.190002, 437.763445, 463.122065, 485.925453 ] }, { "date": "2025-11-14", "close": 432.200012, "volume": 108281, "typical_volume": 204991.15, "trend": 510.251442, "fair_value": 641.811912, "relative_strength": -31.366475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.920351, "energy": 38.316871, "activity_lines": [ 436.856673, 435.780055, 457.677421, 480.51102 ] }, { "date": "2025-11-21", "close": 405.25, "volume": 84217, "typical_volume": 203036.35, "trend": 504.278335, "fair_value": 639.603924, "relative_strength": -35.666753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.359898, "energy": 44.423151, "activity_lines": [ 428.436672, 429.206365, 450.192949, 473.736734 ] }, { "date": "2025-11-28", "close": 405.5, "volume": 82939, "typical_volume": 199140.2, "trend": 498.669857, "fair_value": 637.591571, "relative_strength": -35.512121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.670293, "energy": 49.500573, "activity_lines": [ 420.27667, 424.014547, 443.352258, 467.363938 ] }, { "date": "2025-12-05", "close": 383.75, "volume": 50623, "typical_volume": 180585.5, "trend": 493.110575, "fair_value": 635.321522, "relative_strength": -38.077851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.840575, "energy": 72.118477, "activity_lines": [ 405.223336, 416.143638, 435.018724, 459.949754 ] }, { "date": "2025-12-12", "close": 374.850006, "volume": 99882, "typical_volume": 179059.8, "trend": 486.170751, "fair_value": 632.74285, "relative_strength": -38.296523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.344171, "energy": 82.32594, "activity_lines": [ 391.230003, 407.619094, 426.844391, 452.32004 ] }, { "date": "2025-12-19", "close": 360.049988, "volume": 45704, "typical_volume": 148158.25, "trend": 478.694306, "fair_value": 630.634143, "relative_strength": -39.585402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.988801, "energy": 86.311256, "activity_lines": [ 377.809998, 397.581819, 418.070457, 444.183216 ] }, { "date": "2025-12-26", "close": 372.049988, "volume": 135313, "typical_volume": 149111.15, "trend": 471.451368, "fair_value": 628.134698, "relative_strength": -36.811788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.758308, "energy": 82.615453, "activity_lines": [ 373.199994, 391.009998, 411.531942, 437.302938 ] }, { "date": "2026-01-02", "close": 361.700012, "volume": 95122, "typical_volume": 142297.85, "trend": 465.17873, "fair_value": 625.831666, "relative_strength": -38.303276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.980593, "energy": 79.363199, "activity_lines": [ 367.353333, 383.208182, 404.868078, 430.222205 ] }, { "date": "2026-01-09", "close": 348.200012, "volume": 195501, "typical_volume": 144153.5, "trend": 458.560985, "fair_value": 623.29825, "relative_strength": -38.246179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.439208, "energy": 72.971304, "activity_lines": [ 359.92667, 373.845457, 397.646194, 422.675191 ] }, { "date": "2026-01-16", "close": 330.850006, "volume": 130610, "typical_volume": 145631.7, "trend": 452.059186, "fair_value": 620.848287, "relative_strength": -40.276203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.136282, "energy": 74.052872, "activity_lines": [ 349.086672, 363.07273, 389.476142, 414.435773 ] }, { "date": "2026-01-23", "close": 315.399994, "volume": 133040, "typical_volume": 146023.5, "trend": 444.477971, "fair_value": 618.457517, "relative_strength": -40.493348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.109984, "energy": 79.18576, "activity_lines": [ 336.030003, 351.792728, 380.440491, 405.619051 ] }, { "date": "2026-01-30", "close": 310.799988, "volume": 118778, "typical_volume": 125827.0, "trend": 436.989835, "fair_value": 616.169918, "relative_strength": -40.940471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.499631, "energy": 88.898941, "activity_lines": [ 324.416665, 341.799999, 371.604048, 396.994665 ] }, { "date": "2026-02-06", "close": 285.350006, "volume": 231047, "typical_volume": 132766.9, "trend": 428.934739, "fair_value": 613.33463, "relative_strength": -45.514431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.892739, "energy": 92.943802, "activity_lines": [ 308.403333, 328.897273, 361.143572, 387.21145 ] }, { "date": "2026-02-13", "close": 279.799988, "volume": 393084, "typical_volume": 145022.75, "trend": 418.422003, "fair_value": 610.783422, "relative_strength": -45.225567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.601222, "energy": 91.944342, "activity_lines": [ 295.629995, 317.169998, 351.060714, 377.589853 ] }, { "date": "2026-02-20", "close": 300.799988, "volume": 512171, "typical_volume": 167511.3, "trend": 410.284194, "fair_value": 608.439712, "relative_strength": -40.213208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.393324, "energy": 75.84643, "activity_lines": [ 294.416659, 311.150905, 343.725475, 370.001336 ] }, { "date": "2026-02-27", "close": 288.350006, "volume": 229757, "typical_volume": 170728.35, "trend": 400.246262, "fair_value": 605.945869, "relative_strength": -40.563093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.936512, "energy": 66.126188, "activity_lines": [ 291.056663, 304.214543, 335.865713, 362.134614 ] }, { "date": "2026-03-06", "close": 276.299988, "volume": 114791, "typical_volume": 170586.6, "trend": 391.032057, "fair_value": 603.612289, "relative_strength": -40.236034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.577952, "energy": 66.764822, "activity_lines": [ 285.483327, 296.390905, 327.53595, 354.13808 ] }, { "date": "2026-03-13", "close": 260.200012, "volume": 209017, "typical_volume": 173758.2, "trend": 382.554863, "fair_value": 601.181258, "relative_strength": -39.579118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.566141, "energy": 67.818181, "activity_lines": [ 276.843333, 287.380907, 318.299523, 345.697303 ] }, { "date": "2026-03-20", "close": 233.699997, "volume": 317101, "typical_volume": 169253.25, "trend": 373.808698, "fair_value": 598.439386, "relative_strength": -44.704013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.302366, "energy": 71.81012, "activity_lines": [ 261.046666, 275.39818, 307.256665, 336.093764 ] }, { "date": "2026-03-27", "close": 231.800003, "volume": 660805, "typical_volume": 197389.15, "trend": 366.266218, "fair_value": 595.654327, "relative_strength": -43.45897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.34613, "energy": 76.251331, "activity_lines": [ 247.690001, 265.151817, 297.034999, 326.931912 ] }, { "date": "2026-04-03", "close": 239.660004, "volume": 294070, "typical_volume": 206678.6, "trend": 359.280431, "fair_value": 592.36057, "relative_strength": -40.179523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.715831, "energy": 69.99544, "activity_lines": [ 241.553336, 258.135455, 288.636428, 318.763769 ] }, { "date": "2026-04-10", "close": 264.660004, "volume": 237818, "typical_volume": 214358.65, "trend": 352.143999, "fair_value": 588.954722, "relative_strength": -36.576399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.722663, "energy": 60.749101, "activity_lines": [ 246.996003, 257.041637, 283.535666, 312.659226 ] }, { "date": "2026-04-17", "close": 278.559998, "volume": 145274, "typical_volume": 217475.4, "trend": 345.574333, "fair_value": 585.733872, "relative_strength": -33.031565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.558754, "energy": 48.720442, "activity_lines": [ 257.848001, 259.314001, 280.42819, 307.911871 ] }, { "date": "2026-04-24", "close": 263.690002, "volume": 83702, "typical_volume": 219129.35, "trend": 339.804, "fair_value": 582.534058, "relative_strength": -34.417428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.902512, "energy": 35.123971, "activity_lines": [ 262.519335, 259.006183, 276.509, 302.629011 ] }, { "date": "2026-05-01", "close": 260.079987, "volume": 138647, "typical_volume": 221067.6, "trend": 333.818333, "fair_value": 579.550527, "relative_strength": -34.632752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.257467, "energy": 27.693797, "activity_lines": [ 263.987997, 258.334908, 272.817713, 297.485526 ] }, { "date": "2026-05-08", "close": 283.600006, "volume": 242861, "typical_volume": 230925.45, "trend": 328.916667, "fair_value": 576.776263, "relative_strength": -28.316649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.897348, "energy": 20.68559, "activity_lines": [ 271.411332, 262.680364, 271.912952, 294.245634 ] }, { "date": "2026-05-15", "close": 258.899994, "volume": 264092, "typical_volume": 237364.4, "trend": 323.95, "fair_value": 574.09236, "relative_strength": -32.099915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.512741, "energy": 24.365035, "activity_lines": [ 267.671997, 262.621272, 269.019856, 289.728429 ] }, { "date": "2026-05-22", "close": 258.399994, "volume": 129041, "typical_volume": 239060.35, "trend": 318.868333, "fair_value": 571.095502, "relative_strength": -31.415681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.639271, "energy": 26.904216, "activity_lines": [ 264.149996, 262.787634, 266.617951, 285.499397 ] }, { "date": "2026-05-29", "close": 294.149994, "volume": 455418, "typical_volume": 252056.2, "trend": 313.868333, "fair_value": 568.044594, "relative_strength": -20.265472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.74567, "energy": 9.912528, "activity_lines": [ 273.888662, 269.486724, 268.112712, 283.904665 ] }, { "date": "2026-06-05", "close": 238.399994, "volume": 27302, "typical_volume": 246890.8, "trend": 306.566666, "fair_value": 564.821396, "relative_strength": -33.920462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.240215, "energy": 28.560331, "activity_lines": [ 263.013328, 264.95036, 264.555331, 279.03574 ] }, { "date": "2026-06-12", "close": 226.75, "volume": 34796, "typical_volume": 241978.6, "trend": 299.718332, "fair_value": 561.300078, "relative_strength": -36.846458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.704854, "energy": 39.896794, "activity_lines": [ 249.699996, 258.175815, 260.328664, 273.886278 ] }, { "date": "2026-06-19", "close": 216.800003, "volume": 37391, "typical_volume": 237909.25, "trend": 293.436665, "fair_value": 557.795212, "relative_strength": -39.689766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.393716, "energy": 57.959496, "activity_lines": [ 236.859999, 249.826907, 255.576522, 268.536708 ] }, { "date": "2026-06-26", "close": 212.899994, "volume": 0, "typical_volume": 226356.9, "trend": 287.016665, "fair_value": 554.126295, "relative_strength": -39.929352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.777816, "energy": 77.056515, "activity_lines": [ 225.526664, 241.639088, 250.900569, 263.340794 ] }, { "date": "2026-07-03", "close": 226.380005, "volume": 16270, "typical_volume": 207516.2, "trend": 281.770999, "fair_value": 550.670692, "relative_strength": -35.709263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.070293, "energy": 72.719512, "activity_lines": [ 221.72, 237.095998, 247.853427, 259.428751 ] }, { "date": "2026-07-10", "close": 219.960007, "volume": 150674, "typical_volume": 189441.35, "trend": 276.607999, "fair_value": 547.304995, "relative_strength": -36.366447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.826303, "energy": 70.827322, "activity_lines": [ 220.291336, 232.064, 244.449237, 255.440945 ] }, { "date": "2026-07-17", "close": 219.520004, "volume": 80239, "typical_volume": 181965.45, "trend": 271.923666, "fair_value": 543.846014, "relative_strength": -35.540012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.920319, "energy": 60.929498, "activity_lines": [ 219.945337, 227.681456, 241.388095, 251.757849 ] }, { "date": "2026-07-24", "close": 253.759995, "volume": 261520, "typical_volume": 189301.9, "trend": 267.980666, "fair_value": 540.430388, "relative_strength": -22.509212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.646557, "energy": 28.62228, "activity_lines": [ 231.494668, 230.689455, 241.915666, 250.585999 ] }, { "date": "2026-07-31", "close": 248.300003, "volume": 199658, "typical_volume": 188833.95, "trend": 264.200666, "fair_value": 536.498038, "relative_strength": -24.639544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.35079, "energy": 19.095039, "activity_lines": [ 238.760002, 232.798183, 242.030571, 249.316279 ] }, { "date": "2026-08-07", "close": 254.5, "volume": 156290, "typical_volume": 180793.4, "trend": 261.077332, "fair_value": 533.106655, "relative_strength": -21.976813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.942531, "energy": 18.066342, "activity_lines": [ 245.732001, 236.217819, 242.792619, 248.69043 ] } ], "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." } } }