{ "ticker": { "uuid": "179cb0ec-0f40-4a2b-a98c-5f26bc1b0c2f", "symbol": "5292", "name": "Desiccant Technology Corporation", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -18.479, "architecture_energy": 35.498, "architecture_maturity": 9.244, "architecture_confidence": 61.883, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 43.22, "rotation_up": 23.13, "upward_expansion": 16.93, "deceleration": 45.19, "rotation_down": 52.47, "downward_expansion": 51.59 }, "activity_lines": [ 174.6, 178.136633, 185.754962, 186.916561 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 193.0, "trend_reference": 185.479282, "distance_from_trend": 0.040547, "trend_direction": "Improving", "fair_value": 127.689469, "distance_from_fair_value": 0.511479, "fair_value_direction": "Weakening", "relative_strength": -14.524261, "relative_strength_direction": "Weakening", "price_momentum": 0.136493, "excess_performance": -0.304879, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040547, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.094868, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.511479, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.188136, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.145243, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.072798, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.136493, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.574817, "read": "Supply-led" } ], "volume": { "latest": 672872, "relative_activity": 0.463378, "balance": 0.574817, "dry_up": 0.428134, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.090609, "annualized_volatility": 0.62995, "from_high_reference": -0.196292, "from_low_reference": 0.610382 }, "levels": { "trend_reference": 185.479282, "fair_value_reference": 127.689469, "structural_low": 150.0, "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": 3, "median_return": 0.03413, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.000483, "regime_survival": 0.333333, "best_return": 0.118965, "worst_return": -0.167862, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.068826, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.06859, "regime_survival": 0.0, "best_return": 0.21843, "worst_return": -0.080778, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.255699, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.017691, "regime_survival": 0.0, "best_return": 0.477816, "worst_return": 0.033582, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.034408, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": 0.155761, "regime_survival": 0.0, "best_return": -0.034408, "worst_return": -0.034408, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.060932, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.125021, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": 0.010033, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-26", "tenure": "Developing", "return": 0.02, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": -0.095541, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.010239, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": -0.00339, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2025-12-26", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.035714, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-02-27", "tenure": "Developing", "return": -0.081425, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": 0.420168, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-03", "end": "2026-05-29", "tenure": "Developing", "return": 0.068558, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-07-24", "tenure": "Developing", "return": -0.135727, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.237179, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 78.580432, "volume": 826277, "typical_volume": 423514.95, "trend": 58.63526, "fair_value": 42.10206, "relative_strength": 43.101931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.377493, "energy": 60.810163, "activity_lines": [ 81.188244, 79.605666, 71.653306, 65.800646 ] }, { "date": "2023-08-18", "close": 81.003621, "volume": 460760, "typical_volume": 440788.7, "trend": 59.895811, "fair_value": 42.435848, "relative_strength": 47.319738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.610387, "energy": 54.394761, "activity_lines": [ 80.957464, 80.349345, 73.221468, 67.243766 ] }, { "date": "2023-08-25", "close": 74.426399, "volume": 238534, "typical_volume": 449380.6, "trend": 60.932615, "fair_value": 42.736006, "relative_strength": 32.991894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.285332, "energy": 38.001927, "activity_lines": [ 78.580434, 79.643369, 74.014046, 68.181223 ] }, { "date": "2023-09-01", "close": 77.195765, "volume": 87399, "typical_volume": 446576.5, "trend": 62.000905, "fair_value": 43.04965, "relative_strength": 35.095983, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.175224, "energy": 31.697092, "activity_lines": [ 77.703474, 79.341109, 74.953477, 69.230458 ] }, { "date": "2023-09-08", "close": 76.157258, "volume": 96440, "typical_volume": 447320.6, "trend": 63.030072, "fair_value": 43.360718, "relative_strength": 32.470714, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.920799, "energy": 27.944075, "activity_lines": [ 76.895748, 78.693729, 75.647826, 70.143771 ] }, { "date": "2023-09-15", "close": 82.042127, "volume": 393417, "typical_volume": 461964.2, "trend": 64.239631, "fair_value": 43.716, "relative_strength": 38.167846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.650511, "energy": 30.972989, "activity_lines": [ 78.418892, 79.05878, 76.76012, 71.370356 ] }, { "date": "2023-09-22", "close": 76.157258, "volume": 260556, "typical_volume": 451965.05, "trend": 65.153903, "fair_value": 44.044687, "relative_strength": 31.542793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.459682, "energy": 26.096118, "activity_lines": [ 77.749633, 78.372736, 77.142375, 72.139235 ] }, { "date": "2023-09-29", "close": 76.50342, "volume": 104126, "typical_volume": 440869.6, "trend": 66.077461, "fair_value": 44.375593, "relative_strength": 30.891504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.540783, "energy": 23.607066, "activity_lines": [ 77.518853, 77.850335, 77.465929, 72.871462 ] }, { "date": "2023-10-06", "close": 76.50342, "volume": 323023, "typical_volume": 447376.55, "trend": 67.005524, "fair_value": 44.710208, "relative_strength": 28.529295, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.653797, "energy": 20.62286, "activity_lines": [ 77.149604, 77.44752, 77.687799, 73.544104 ] }, { "date": "2023-10-13", "close": 79.272777, "volume": 507355, "typical_volume": 471213.6, "trend": 67.97859, "fair_value": 45.062576, "relative_strength": 29.900187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.606499, "energy": 22.797716, "activity_lines": [ 77.749631, 77.674104, 78.069158, 74.33554 ] }, { "date": "2023-10-20", "close": 78.234271, "volume": 226658, "typical_volume": 457352.95, "trend": 68.94182, "fair_value": 45.364145, "relative_strength": 29.613661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.680202, "energy": 22.425597, "activity_lines": [ 77.795788, 77.755926, 78.237384, 74.997197 ] }, { "date": "2023-10-27", "close": 76.157258, "volume": 127068, "typical_volume": 419477.65, "trend": 69.824552, "fair_value": 45.674285, "relative_strength": 27.411275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.401113, "energy": 16.571229, "activity_lines": [ 77.403464, 77.466404, 78.125551, 75.462709 ] }, { "date": "2023-11-03", "close": 71.657049, "volume": 345712, "typical_volume": 409889.4, "trend": 70.550518, "fair_value": 45.955578, "relative_strength": 16.358137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.010424, "energy": 4.350044, "activity_lines": [ 75.511071, 76.446777, 77.541734, 75.580935 ] }, { "date": "2023-11-10", "close": 83.080634, "volume": 1664030, "typical_volume": 475121.3, "trend": 71.769913, "fair_value": 46.313066, "relative_strength": 32.11856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.917079, "energy": 22.038095, "activity_lines": [ 77.749631, 77.554518, 78.032925, 76.389329 ] }, { "date": "2023-11-17", "close": 79.618938, "volume": 1560307, "typical_volume": 519408.15, "trend": 72.88293, "fair_value": 46.649106, "relative_strength": 21.639968, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.031666, "energy": 18.710575, "activity_lines": [ 78.395811, 77.925861, 78.125471, 76.895718 ] }, { "date": "2023-11-24", "close": 95.196564, "volume": 11345473, "typical_volume": 1020151.45, "trend": 74.508442, "fair_value": 47.092421, "relative_strength": 42.851152, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.242265, "energy": 59.359899, "activity_lines": [ 84.211455, 81.066561, 79.670046, 78.335307 ] }, { "date": "2023-12-01", "close": 93.811888, "volume": 9696754, "typical_volume": 1474730.9, "trend": 75.738607, "fair_value": 47.523151, "relative_strength": 37.815138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.096825, "energy": 73.126822, "activity_lines": [ 88.434722, 83.71633, 81.025052, 79.580691 ] }, { "date": "2023-12-08", "close": 94.504226, "volume": 5931092, "typical_volume": 1747619.25, "trend": 77.050424, "fair_value": 47.9509, "relative_strength": 37.537496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.522823, "energy": 74.523857, "activity_lines": [ 91.711792, 86.170985, 82.388299, 80.791376 ] }, { "date": "2023-12-15", "close": 87.927012, "volume": 2835497, "typical_volume": 1868457.95, "trend": 78.161023, "fair_value": 48.336487, "relative_strength": 24.636097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.96196, "energy": 70.773217, "activity_lines": [ 91.273313, 87.102496, 83.070748, 81.493091 ] }, { "date": "2023-12-22", "close": 84.119148, "volume": 1376654, "typical_volume": 1920356.6, "trend": 79.122165, "fair_value": 48.693585, "relative_strength": 18.785814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.570015, "energy": 43.485342, "activity_lines": [ 89.242454, 87.133966, 83.369113, 81.877486 ] }, { "date": "2023-12-29", "close": 87.580835, "volume": 1736023, "typical_volume": 1965843.9, "trend": 80.009457, "fair_value": 49.076953, "relative_strength": 20.303605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.615652, "energy": 30.898239, "activity_lines": [ 88.065476, 87.706719, 83.985624, 82.423207 ] }, { "date": "2024-01-05", "close": 88.965518, "volume": 797547, "typical_volume": 1982683.25, "trend": 80.740149, "fair_value": 49.461779, "relative_strength": 23.948262, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.03915, "energy": 21.680885, "activity_lines": [ 87.857775, 88.361294, 84.69115, 83.001017 ] }, { "date": "2024-01-12", "close": 89.311687, "volume": 1167582, "typical_volume": 2029135.65, "trend": 81.4193, "fair_value": 49.85309, "relative_strength": 23.292841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.24843, "energy": 21.333883, "activity_lines": [ 88.088555, 88.845931, 85.391731, 83.55402 ] }, { "date": "2024-01-19", "close": 85.503823, "volume": 511262, "typical_volume": 2050328.8, "trend": 81.982787, "fair_value": 50.213499, "relative_strength": 15.874358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.548648, "energy": 19.704274, "activity_lines": [ 87.396216, 88.317236, 85.658775, 83.817538 ] }, { "date": "2024-01-26", "close": 89.311687, "volume": 975100, "typical_volume": 2094261.8, "trend": 82.526767, "fair_value": 50.581998, "relative_strength": 17.806704, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.123685, "energy": 21.429845, "activity_lines": [ 88.134711, 88.436822, 86.248912, 84.29037 ] }, { "date": "2024-02-02", "close": 88.619357, "volume": 812530, "typical_volume": 2115217.45, "trend": 82.711391, "fair_value": 50.948655, "relative_strength": 15.412705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.182763, "energy": 23.19119, "activity_lines": [ 88.29626, 88.254298, 86.710472, 84.68344 ] }, { "date": "2024-02-09", "close": 87.580835, "volume": 148064, "typical_volume": 2109592.85, "trend": 82.907554, "fair_value": 51.309767, "relative_strength": 12.84497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.459192, "energy": 21.428815, "activity_lines": [ 88.0424, 88.002538, 87.041805, 84.997598 ] }, { "date": "2024-02-16", "close": 88.273188, "volume": 551322, "typical_volume": 2131952.65, "trend": 83.080639, "fair_value": 51.677914, "relative_strength": 9.732611, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.224817, "energy": 23.042218, "activity_lines": [ 88.111637, 87.989951, 87.384678, 85.343768 ] }, { "date": "2024-02-23", "close": 92.427213, "volume": 2646170, "typical_volume": 2248110.0, "trend": 83.380652, "fair_value": 52.070464, "relative_strength": 12.307264, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 59.524842, "energy": 37.103238, "activity_lines": [ 89.634782, 88.845934, 88.067126, 85.946773 ] }, { "date": "2024-03-01", "close": 92.77339, "volume": 1318884, "typical_volume": 2288686.45, "trend": 83.7499, "fair_value": 52.463378, "relative_strength": 11.576466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.246655, "energy": 50.325046, "activity_lines": [ 90.81176, 89.683036, 88.706716, 86.552756 ] }, { "date": "2024-03-08", "close": 92.77339, "volume": 2286366, "typical_volume": 2391671.85, "trend": 84.222999, "fair_value": 52.841084, "relative_strength": 6.064198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.394254, "energy": 57.080181, "activity_lines": [ 91.757957, 90.362788, 89.282018, 87.134916 ] }, { "date": "2024-03-15", "close": 100.735271, "volume": 4867497, "typical_volume": 2628693.3, "trend": 84.88072, "fair_value": 53.219752, "relative_strength": 14.830675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.927217, "energy": 76.526334, "activity_lines": [ 95.08118, 92.395745, 90.54636, 88.200224 ] }, { "date": "2024-03-22", "close": 111.466526, "volume": 4852850, "typical_volume": 2854050.2, "trend": 86.115391, "fair_value": 53.671661, "relative_strength": 22.361759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.927895, "energy": 89.328196, "activity_lines": [ 101.104525, 96.165843, 92.715688, 89.915437 ] }, { "date": "2024-03-29", "close": 105.235481, "volume": 2384642, "typical_volume": 2890080.8, "trend": 87.050048, "fair_value": 54.071758, "relative_strength": 14.144234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.24196, "energy": 85.13748, "activity_lines": [ 103.504633, 98.400209, 94.102014, 91.148992 ] }, { "date": "2024-04-05", "close": 107.658654, "volume": 837218, "typical_volume": 2853926.35, "trend": 88.100095, "fair_value": 54.465503, "relative_strength": 15.47672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.238153, "energy": 87.888888, "activity_lines": [ 105.85858, 100.716395, 95.613619, 92.478579 ] }, { "date": "2024-04-12", "close": 97.619753, "volume": 2296712, "typical_volume": 2401488.3, "trend": 88.619349, "fair_value": 54.783397, "relative_strength": 1.929415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.274736, "energy": 70.310998, "activity_lines": [ 103.873876, 100.873744, 96.035616, 93.092751 ] }, { "date": "2024-04-19", "close": 94.15805, "volume": 1272824, "typical_volume": 1980291.8, "trend": 89.219375, "fair_value": 55.08652, "relative_strength": 3.602221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.866533, "energy": 38.636618, "activity_lines": [ 100.412181, 100.23805, 96.116388, 93.450086 ] }, { "date": "2024-04-26", "close": 101.427617, "volume": 1092404, "typical_volume": 1738357.4, "trend": 90.050182, "fair_value": 55.437725, "relative_strength": 7.395211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.10414, "energy": 28.582216, "activity_lines": [ 99.812156, 100.804509, 96.887851, 94.237715 ] }, { "date": "2024-05-03", "close": 98.312082, "volume": 567006, "typical_volume": 1624932.85, "trend": 90.777137, "fair_value": 55.780459, "relative_strength": 2.520602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.327388, "energy": 23.133617, "activity_lines": [ 98.842879, 100.565336, 97.329628, 94.77074 ] }, { "date": "2024-05-10", "close": 101.081448, "volume": 915767, "typical_volume": 1601888.5, "trend": 91.504093, "fair_value": 56.139832, "relative_strength": 2.926427, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.814047, "energy": 20.000801, "activity_lines": [ 99.258285, 100.722686, 97.985702, 95.435535 ] }, { "date": "2024-05-17", "close": 109.389514, "volume": 2084463, "typical_volume": 1619310.5, "trend": 92.542601, "fair_value": 56.581765, "relative_strength": 7.733216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.385998, "energy": 40.031071, "activity_lines": [ 102.881526, 102.239538, 99.352247, 96.589433 ] }, { "date": "2024-05-24", "close": 111.812687, "volume": 1657699, "typical_volume": 1662318.1, "trend": 93.731116, "fair_value": 57.075954, "relative_strength": 7.756486, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.99372, "energy": 54.107505, "activity_lines": [ 106.527841, 103.894856, 100.84572, 97.832664 ] }, { "date": "2024-05-31", "close": 107.312493, "volume": 1313753, "typical_volume": 1669626.65, "trend": 94.91963, "fair_value": 57.497155, "relative_strength": 4.735794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.681113, "energy": 54.899315, "activity_lines": [ 107.497116, 104.530549, 101.801806, 98.708882 ] }, { "date": "2024-06-07", "close": 116.312889, "volume": 2707650, "typical_volume": 1779446.05, "trend": 96.027372, "fair_value": 57.97605, "relative_strength": 9.379724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.160497, "energy": 69.535413, "activity_lines": [ 111.074197, 106.878205, 103.529356, 100.089092 ] }, { "date": "2024-06-14", "close": 121.505436, "volume": 2035347, "typical_volume": 1832458.4, "trend": 97.423589, "fair_value": 58.488231, "relative_strength": 10.365203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.459146, "energy": 77.214012, "activity_lines": [ 115.182074, 109.968554, 105.604723, 101.732838 ] }, { "date": "2024-06-21", "close": 119.774592, "volume": 1167697, "typical_volume": 1850216.75, "trend": 98.242856, "fair_value": 58.987462, "relative_strength": 4.811128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.225196, "energy": 76.014866, "activity_lines": [ 117.351403, 112.492444, 107.361945, 103.174839 ] }, { "date": "2024-06-28", "close": 120.466922, "volume": 1107569, "typical_volume": 1898192.0, "trend": 99.131357, "fair_value": 59.491131, "relative_strength": 6.049291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.469803, "energy": 78.099379, "activity_lines": [ 119.05917, 114.739397, 109.036745, 104.608649 ] }, { "date": "2024-07-05", "close": 126.005622, "volume": 1707908, "typical_volume": 1956021.3, "trend": 100.181404, "fair_value": 60.019548, "relative_strength": 8.302563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.414045, "energy": 81.449955, "activity_lines": [ 122.036222, 117.515043, 111.082439, 106.342473 ] }, { "date": "2024-07-12", "close": 133.530472, "volume": 3311299, "typical_volume": 1989277.75, "trend": 101.701519, "fair_value": 60.607329, "relative_strength": 12.665394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.831881, "energy": 85.379531, "activity_lines": [ 126.275349, 121.211971, 113.665108, 108.494026 ] }, { "date": "2024-07-19", "close": 132.749588, "volume": 1132271, "typical_volume": 1979947.1, "trend": 103.322534, "fair_value": 61.187136, "relative_strength": 16.718064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.649922, "energy": 83.579452, "activity_lines": [ 129.106342, 124.126586, 115.977677, 110.497127 ] }, { "date": "2024-07-26", "close": 131.968704, "volume": 635734, "typical_volume": 1897415.5, "trend": 104.80213, "fair_value": 61.756003, "relative_strength": 19.438648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.114399, "energy": 81.642116, "activity_lines": [ 130.92743, 126.323437, 118.025513, 112.345267 ] }, { "date": "2024-08-02", "close": 126.112106, "volume": 832752, "typical_volume": 1695678.25, "trend": 106.040349, "fair_value": 62.276942, "relative_strength": 16.238317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.435415, "energy": 58.861211, "activity_lines": [ 129.983378, 127.044922, 119.328933, 113.720104 ] }, { "date": "2024-08-09", "close": 117.912872, "volume": 1157090, "typical_volume": 1510890.25, "trend": 106.993722, "fair_value": 62.736048, "relative_strength": 9.21913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.221024, "energy": 38.770287, "activity_lines": [ 125.929903, 126.015647, 119.730632, 114.486073 ] }, { "date": "2024-08-16", "close": 120.64595, "volume": 445510, "typical_volume": 1413933.65, "trend": 108.165126, "fair_value": 63.213435, "relative_strength": 7.163113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.459339, "energy": 27.464773, "activity_lines": [ 123.32697, 125.290562, 120.361928, 115.366862 ] }, { "date": "2024-08-23", "close": 118.693756, "volume": 488020, "typical_volume": 1396473.75, "trend": 109.144529, "fair_value": 63.682112, "relative_strength": 5.998899, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.573581, "energy": 23.977984, "activity_lines": [ 120.932274, 124.131749, 120.733917, 116.046128 ] }, { "date": "2024-08-30", "close": 117.52243, "volume": 466846, "typical_volume": 1304980.45, "trend": 110.107964, "fair_value": 64.168771, "relative_strength": 4.180563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.443765, "energy": 23.630493, "activity_lines": [ 119.084192, 122.811089, 120.941803, 116.586638 ] }, { "date": "2024-09-06", "close": 115.570229, "volume": 470672, "typical_volume": 1264872.85, "trend": 111.040944, "fair_value": 64.632263, "relative_strength": 6.109738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.214739, "energy": 18.605828, "activity_lines": [ 117.54846, 121.176432, 120.86899, 116.939042 ] }, { "date": "2024-09-13", "close": 115.96067, "volume": 557973, "typical_volume": 1238151.3, "trend": 111.96386, "fair_value": 65.087605, "relative_strength": 4.690233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.436389, "energy": 14.758656, "activity_lines": [ 116.845668, 119.701795, 120.731399, 117.256444 ] }, { "date": "2024-09-20", "close": 129.626068, "volume": 1609609, "typical_volume": 1290281.45, "trend": 113.203822, "fair_value": 65.632448, "relative_strength": 14.401824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.839349, "energy": 15.871809, "activity_lines": [ 120.828155, 120.894412, 121.82607, 118.395941 ] }, { "date": "2024-09-27", "close": 131.968704, "volume": 3762256, "typical_volume": 1432605.9, "trend": 114.510333, "fair_value": 66.181656, "relative_strength": 12.616305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.462333, "energy": 30.285958, "activity_lines": [ 124.992846, 122.583951, 122.994735, 119.606579 ] }, { "date": "2024-10-04", "close": 136.26355, "volume": 706669, "typical_volume": 1363716.2, "trend": 115.960005, "fair_value": 66.758775, "relative_strength": 18.337419, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.924526, "energy": 58.633141, "activity_lines": [ 129.704156, 125.068569, 124.425351, 121.010012 ] }, { "date": "2024-10-11", "close": 135.482666, "volume": 2716323, "typical_volume": 1416647.4, "trend": 117.118251, "fair_value": 67.346487, "relative_strength": 14.075584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.512226, "energy": 66.378341, "activity_lines": [ 132.905763, 127.333121, 125.653625, 122.269539 ] }, { "date": "2024-10-18", "close": 133.14003, "volume": 1079829, "typical_volume": 1404951.2, "trend": 117.840701, "fair_value": 67.92679, "relative_strength": 8.940295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.001093, "energy": 65.009106, "activity_lines": [ 133.998996, 129.001365, 126.546077, 123.303202 ] }, { "date": "2024-10-25", "close": 131.968704, "volume": 988531, "typical_volume": 1318995.25, "trend": 118.731809, "fair_value": 68.502629, "relative_strength": 8.251009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.753504, "energy": 56.443893, "activity_lines": [ 133.556496, 130.179782, 127.203986, 124.214686 ] }, { "date": "2024-11-01", "close": 127.673866, "volume": 695297, "typical_volume": 1251992.75, "trend": 119.398982, "fair_value": 69.047513, "relative_strength": 6.843717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.19503, "energy": 33.601444, "activity_lines": [ 131.526208, 130.371453, 127.378311, 124.791593 ] }, { "date": "2024-11-08", "close": 133.14003, "volume": 644372, "typical_volume": 1225826.5, "trend": 120.582992, "fair_value": 69.633523, "relative_strength": 7.492657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.768131, "energy": 31.191272, "activity_lines": [ 131.604297, 131.393696, 128.043849, 125.678112 ] }, { "date": "2024-11-15", "close": 126.502541, "volume": 853955, "typical_volume": 1213145.8, "trend": 121.661141, "fair_value": 70.179268, "relative_strength": 5.415652, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.984807, "energy": 18.339353, "activity_lines": [ 129.678124, 130.925167, 128.013601, 126.060019 ] }, { "date": "2024-11-22", "close": 128.064301, "volume": 323980, "typical_volume": 1143949.4, "trend": 122.549031, "fair_value": 70.729698, "relative_strength": 5.931721, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.304131, "energy": 15.970789, "activity_lines": [ 128.871213, 130.541824, 128.103351, 126.473126 ] }, { "date": "2024-11-29", "close": 123.379021, "volume": 489107, "typical_volume": 1002839.8, "trend": 123.384595, "fair_value": 71.250475, "relative_strength": 4.936332, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.514692, "energy": 12.091714, "activity_lines": [ 126.840924, 129.086547, 127.73708, 126.526673 ] }, { "date": "2024-12-06", "close": 129.235626, "volume": 349050, "typical_volume": 963678.75, "trend": 124.323068, "fair_value": 71.83162, "relative_strength": 5.45423, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.462856, "energy": 16.131881, "activity_lines": [ 127.335482, 128.80969, 127.976922, 126.904159 ] }, { "date": "2024-12-13", "close": 124.550339, "volume": 310018, "typical_volume": 947392.95, "trend": 124.828429, "fair_value": 72.409363, "relative_strength": 2.231926, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.940733, "energy": 10.031261, "activity_lines": [ 126.16416, 127.730654, 127.787279, 126.918822 ] }, { "date": "2024-12-20", "close": 122.598145, "volume": 246403, "typical_volume": 918075.5, "trend": 125.187944, "fair_value": 72.93921, "relative_strength": 2.662061, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.957093, "energy": 14.618332, "activity_lines": [ 124.914753, 126.509642, 127.447038, 126.774933 ] }, { "date": "2024-12-27", "close": 122.988586, "volume": 331903, "typical_volume": 876816.15, "trend": 125.71048, "fair_value": 73.474604, "relative_strength": -0.541897, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.621696, "energy": 19.879446, "activity_lines": [ 124.055787, 125.593883, 127.160715, 126.633039 ] }, { "date": "2025-01-03", "close": 120.255508, "volume": 227749, "typical_volume": 865928.1, "trend": 125.841901, "fair_value": 73.998946, "relative_strength": -1.253724, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.217814, "energy": 35.587854, "activity_lines": [ 122.624175, 124.365773, 126.589929, 126.281105 ] }, { "date": "2025-01-10", "close": 117.912872, "volume": 257038, "typical_volume": 854379.0, "trend": 125.722149, "fair_value": 74.50789, "relative_strength": -3.621518, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.732523, "energy": 47.182279, "activity_lines": [ 120.619919, 122.924696, 125.797894, 125.769555 ] }, { "date": "2025-01-17", "close": 117.131989, "volume": 284090, "typical_volume": 845241.2, "trend": 125.634062, "fair_value": 75.020361, "relative_strength": -4.900368, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.755708, "energy": 63.181685, "activity_lines": [ 119.110218, 121.519112, 124.935208, 125.215351 ] }, { "date": "2025-01-24", "close": 123.379021, "volume": 219497, "typical_volume": 832682.45, "trend": 125.731132, "fair_value": 75.561745, "relative_strength": -1.535203, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.501085, "energy": 50.991, "activity_lines": [ 120.177419, 121.540408, 124.669337, 125.069864 ] }, { "date": "2025-02-07", "close": 124.159904, "volume": 369516, "typical_volume": 823259.6, "trend": 125.669608, "fair_value": 76.111974, "relative_strength": -0.849564, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.667957, "energy": 31.252145, "activity_lines": [ 121.452855, 121.760474, 124.44065, 124.968495 ] }, { "date": "2025-02-14", "close": 122.20771, "volume": 201402, "typical_volume": 752849.25, "trend": 125.292183, "fair_value": 76.65084, "relative_strength": -1.192076, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.441181, "energy": 21.540181, "activity_lines": [ 121.999472, 121.696585, 123.986997, 124.745146 ] }, { "date": "2025-02-21", "close": 123.769463, "volume": 323608, "typical_volume": 580916.85, "trend": 124.992845, "fair_value": 77.200485, "relative_strength": -2.530772, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.471842, "energy": 19.376987, "activity_lines": [ 122.936527, 121.937947, 123.717407, 124.646906 ] }, { "date": "2025-02-28", "close": 126.502541, "volume": 594985, "typical_volume": 575332.65, "trend": 124.81064, "fair_value": 77.752679, "relative_strength": 2.328871, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.12879, "energy": 15.224214, "activity_lines": [ 124.394168, 122.775618, 123.747154, 124.744306 ] }, { "date": "2025-03-07", "close": 125.721664, "volume": 527184, "typical_volume": 465875.7, "trend": 124.797625, "fair_value": 78.306777, "relative_strength": 3.597704, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.696798, "energy": 11.56735, "activity_lines": [ 124.966813, 123.435816, 123.749013, 124.803082 ] }, { "date": "2025-03-14", "close": 123.769463, "volume": 439279, "typical_volume": 433848.2, "trend": 124.992845, "fair_value": 78.842987, "relative_strength": 4.458663, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.316348, "energy": 12.214571, "activity_lines": [ 124.732549, 123.684277, 123.611429, 124.736749 ] }, { "date": "2025-03-21", "close": 122.20771, "volume": 235107, "typical_volume": 396177.0, "trend": 125.044904, "fair_value": 79.372641, "relative_strength": 1.881428, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.019204, "energy": 12.877694, "activity_lines": [ 124.003729, 123.634586, 123.369729, 124.557063 ] }, { "date": "2025-03-28", "close": 117.912872, "volume": 190752, "typical_volume": 370949.75, "trend": 125.018874, "fair_value": 79.873995, "relative_strength": 1.078184, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.418576, "energy": 31.775508, "activity_lines": [ 121.843297, 122.76852, 122.765477, 124.096932 ] }, { "date": "2025-04-04", "close": 116.351112, "volume": 321950, "typical_volume": 354828.65, "trend": 124.97983, "fair_value": 80.359581, "relative_strength": 1.066282, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.354771, "energy": 57.869118, "activity_lines": [ 119.552718, 121.618498, 122.058967, 123.537721 ] }, { "date": "2025-04-11", "close": 108.932747, "volume": 677199, "typical_volume": 345990.85, "trend": 124.758581, "fair_value": 80.795694, "relative_strength": 3.091606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.485274, "energy": 73.925802, "activity_lines": [ 115.466112, 119.13388, 120.725894, 122.502425 ] }, { "date": "2025-04-18", "close": 107.370995, "volume": 430555, "typical_volume": 351319.6, "trend": 124.472258, "fair_value": 81.220644, "relative_strength": 2.013931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.08135, "energy": 81.708121, "activity_lines": [ 111.978184, 116.627967, 119.327748, 121.380646 ] }, { "date": "2025-04-25", "close": 107.761436, "volume": 211114, "typical_volume": 337419.95, "trend": 123.743437, "fair_value": 81.646561, "relative_strength": -0.288485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.919348, "energy": 81.633165, "activity_lines": [ 109.713633, 114.498295, 118.065326, 120.302528 ] }, { "date": "2025-05-02", "close": 113.227592, "volume": 147866, "typical_volume": 327360.75, "trend": 123.118733, "fair_value": 82.11174, "relative_strength": 0.014669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.718768, "energy": 74.015736, "activity_lines": [ 110.23422, 113.62513, 117.39786, 119.624087 ] }, { "date": "2025-05-09", "close": 115.570229, "volume": 151456, "typical_volume": 319432.65, "trend": 122.428956, "fair_value": 82.591936, "relative_strength": 1.215522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.892876, "energy": 46.342597, "activity_lines": [ 111.848037, 113.369569, 117.029731, 119.137086 ] }, { "date": "2025-05-16", "close": 116.351112, "volume": 195294, "typical_volume": 316877.2, "trend": 121.791238, "fair_value": 83.06639, "relative_strength": -2.585538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.638468, "energy": 29.26896, "activity_lines": [ 113.774208, 113.454757, 116.778734, 118.744967 ] }, { "date": "2025-05-23", "close": 116.741554, "volume": 117491, "typical_volume": 306156.6, "trend": 121.244622, "fair_value": 83.540659, "relative_strength": -1.479641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.966493, "energy": 20.342473, "activity_lines": [ 115.335968, 113.781307, 116.59467, 118.419181 ] }, { "date": "2025-05-30", "close": 116.351112, "volume": 47190, "typical_volume": 297128.65, "trend": 120.724035, "fair_value": 84.033154, "relative_strength": -0.499367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.714161, "energy": 21.071604, "activity_lines": [ 116.142877, 114.164648, 116.403169, 118.103471 ] }, { "date": "2025-06-06", "close": 115.570229, "volume": 79387, "typical_volume": 288246.1, "trend": 120.320581, "fair_value": 84.520644, "relative_strength": -2.688308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.8327, "energy": 19.075731, "activity_lines": [ 116.116847, 114.512494, 116.15589, 117.770967 ] }, { "date": "2025-06-13", "close": 115.570229, "volume": 157300, "typical_volume": 281906.6, "trend": 119.734921, "fair_value": 85.011972, "relative_strength": -4.477339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.820794, "energy": 15.972398, "activity_lines": [ 115.934641, 114.902934, 115.919767, 117.464493 ] }, { "date": "2025-06-20", "close": 113.618034, "volume": 121026, "typical_volume": 276983.05, "trend": 119.305437, "fair_value": 85.478886, "relative_strength": -5.893978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.104784, "energy": 18.245202, "activity_lines": [ 115.101703, 114.952627, 115.505158, 117.069855 ] }, { "date": "2025-06-27", "close": 120.64595, "volume": 273981, "typical_volume": 272206.3, "trend": 119.058159, "fair_value": 85.996993, "relative_strength": -2.503479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.906682, "energy": 4.917883, "activity_lines": [ 116.79361, 116.194935, 115.806354, 117.15634 ] }, { "date": "2025-07-04", "close": 119.865074, "volume": 331020, "typical_volume": 278687.2, "trend": 118.941027, "fair_value": 86.528903, "relative_strength": -3.023737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.691422, "energy": 8.85814, "activity_lines": [ 117.964931, 117.053904, 116.049915, 117.208399 ] }, { "date": "2025-07-11", "close": 130.018921, "volume": 734910, "typical_volume": 299252.3, "trend": 118.967137, "fair_value": 87.114978, "relative_strength": 4.116543, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.680268, "energy": 50.821463, "activity_lines": [ 122.286603, 119.53896, 117.271664, 117.923102 ] }, { "date": "2025-07-18", "close": 132.230118, "volume": 434262, "typical_volume": 291216.15, "trend": 119.22313, "fair_value": 87.735156, "relative_strength": 2.998917, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.952159, "energy": 68.116706, "activity_lines": [ 126.382095, 122.120755, 118.674244, 118.778778 ] }, { "date": "2025-07-25", "close": 133.556839, "volume": 249978, "typical_volume": 277355.85, "trend": 119.58842, "fair_value": 88.356473, "relative_strength": 4.148105, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.313173, "energy": 85.399053, "activity_lines": [ 129.809169, 124.640865, 120.175904, 119.703533 ] }, { "date": "2025-08-01", "close": 132.672358, "volume": 90120, "typical_volume": 259897.9, "trend": 119.911212, "fair_value": 88.972987, "relative_strength": 3.259625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.041864, "energy": 86.10633, "activity_lines": [ 131.612161, 126.687329, 121.556017, 120.547658 ] }, { "date": "2025-08-08", "close": 139.74823, "volume": 473110, "typical_volume": 271798.05, "trend": 120.560969, "fair_value": 89.635726, "relative_strength": 6.113392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.426262, "energy": 93.658765, "activity_lines": [ 134.972017, 129.730664, 123.567629, 121.827466 ] }, { "date": "2025-08-15", "close": 140.632706, "volume": 643073, "typical_volume": 294414.1, "trend": 121.318297, "fair_value": 90.293304, "relative_strength": 5.304532, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.191492, "energy": 90.974604, "activity_lines": [ 137.301155, 132.509411, 125.57995, 123.122417 ] }, { "date": "2025-08-22", "close": 137.979248, "volume": 315620, "typical_volume": 294097.6, "trend": 122.013206, "fair_value": 90.942103, "relative_strength": 5.644792, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.879759, "energy": 79.283805, "activity_lines": [ 138.038221, 134.35003, 127.23137, 124.197317 ] }, { "date": "2025-08-29", "close": 149.035294, "volume": 1223500, "typical_volume": 321412.65, "trend": 122.868415, "fair_value": 91.651378, "relative_strength": 11.593431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.035974, "energy": 80.04214, "activity_lines": [ 142.07736, 137.793402, 129.832757, 125.940677 ] }, { "date": "2025-09-05", "close": 149.035294, "volume": 950862, "typical_volume": 347428.0, "trend": 123.697595, "fair_value": 92.343322, "relative_strength": 10.092226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.929601, "energy": 68.055396, "activity_lines": [ 145.084602, 140.592824, 132.243179, 127.628863 ] }, { "date": "2025-09-12", "close": 140.19046, "volume": 1658235, "typical_volume": 419784.05, "trend": 124.29702, "fair_value": 92.982468, "relative_strength": -0.464177, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.36064, "energy": 55.98575, "activity_lines": [ 144.052704, 141.267924, 133.612834, 128.692919 ] }, { "date": "2025-09-19", "close": 135.325821, "volume": 779073, "typical_volume": 451344.4, "trend": 124.682231, "fair_value": 93.595629, "relative_strength": -4.294909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.380702, "energy": 47.593902, "activity_lines": [ 141.369778, 140.688992, 134.364767, 129.404454 ] }, { "date": "2025-09-26", "close": 135.325821, "volume": 447773, "typical_volume": 466160.25, "trend": 124.976341, "fair_value": 94.188428, "relative_strength": -4.115592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.700687, "energy": 32.009421, "activity_lines": [ 139.040643, 140.013571, 135.01147, 130.091138 ] }, { "date": "2025-10-03", "close": 138.863739, "volume": 226198, "typical_volume": 467705.45, "trend": 125.41441, "fair_value": 94.804773, "relative_strength": -5.755098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.588251, "energy": 22.689935, "activity_lines": [ 138.06771, 139.925122, 135.901043, 130.987099 ] }, { "date": "2025-10-10", "close": 135.768051, "volume": 188946, "typical_volume": 471278.2, "trend": 125.814363, "fair_value": 95.406039, "relative_strength": -9.321423, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.470261, "energy": 23.589186, "activity_lines": [ 136.740985, 139.177332, 136.388586, 131.655076 ] }, { "date": "2025-10-17", "close": 131.787888, "volume": 373150, "typical_volume": 487576.2, "trend": 126.133702, "fair_value": 95.98829, "relative_strength": -11.643821, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.309986, "energy": 20.177146, "activity_lines": [ 134.972022, 137.649591, 136.406463, 132.040464 ] }, { "date": "2025-10-24", "close": 130.903397, "volume": 166669, "typical_volume": 491940.3, "trend": 126.56672, "fair_value": 96.580467, "relative_strength": -12.688699, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.087625, "energy": 13.581971, "activity_lines": [ 133.468399, 136.105766, 136.266595, 132.348187 ] }, { "date": "2025-10-31", "close": 130.461166, "volume": 274925, "typical_volume": 497821.55, "trend": 127.037055, "fair_value": 97.17111, "relative_strength": -14.834268, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.156262, "energy": 14.451975, "activity_lines": [ 132.112195, 134.658432, 136.011594, 132.599441 ] }, { "date": "2025-11-07", "close": 128.249939, "volume": 322888, "typical_volume": 507914.65, "trend": 127.680961, "fair_value": 97.748011, "relative_strength": -14.221932, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.304482, "energy": 19.723088, "activity_lines": [ 130.343225, 132.94575, 135.475091, 132.677692 ] }, { "date": "2025-11-14", "close": 128.692184, "volume": 198089, "typical_volume": 504120.05, "trend": 128.391668, "fair_value": 98.325581, "relative_strength": -12.832265, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.559762, "energy": 24.043985, "activity_lines": [ 129.429257, 131.691391, 134.911031, 132.742932 ] }, { "date": "2025-11-21", "close": 125.596504, "volume": 213879, "typical_volume": 498263.0, "trend": 128.98617, "fair_value": 98.874642, "relative_strength": -11.575466, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.625315, "energy": 45.118219, "activity_lines": [ 127.95512, 130.244056, 134.013829, 132.562599 ] }, { "date": "2025-11-28", "close": 129.576675, "volume": 173937, "typical_volume": 470214.35, "trend": 129.531139, "fair_value": 99.441418, "relative_strength": -12.42553, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.601753, "energy": 41.188569, "activity_lines": [ 128.220466, 129.785733, 133.468398, 132.600696 ] }, { "date": "2025-12-05", "close": 130.903397, "volume": 309515, "typical_volume": 463977.0, "trend": 130.042245, "fair_value": 100.010634, "relative_strength": -12.377716, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.660254, "energy": 21.33886, "activity_lines": [ 129.0165, 129.673162, 133.051427, 132.689229 ] }, { "date": "2025-12-12", "close": 130.461166, "volume": 169252, "typical_volume": 459940.7, "trend": 130.51258, "fair_value": 100.570083, "relative_strength": -13.050043, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.479179, "energy": 17.931147, "activity_lines": [ 129.635642, 129.560593, 132.598657, 132.716256 ] }, { "date": "2025-12-19", "close": 130.018921, "volume": 119913, "typical_volume": 461430.35, "trend": 130.955159, "fair_value": 101.125831, "relative_strength": -11.546303, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.952501, "energy": 11.079492, "activity_lines": [ 129.959954, 129.520391, 132.11851, 132.684407 ] }, { "date": "2025-12-26", "close": 133.999084, "volume": 1138149, "typical_volume": 494682.3, "trend": 131.543425, "fair_value": 101.698428, "relative_strength": -11.340756, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.865423, "energy": 8.747031, "activity_lines": [ 131.522538, 130.308383, 132.030061, 132.880789 ] }, { "date": "2026-01-02", "close": 148.593033, "volume": 1685903, "typical_volume": 546823.8, "trend": 132.644185, "fair_value": 102.373673, "relative_strength": -4.266895, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.753491, "energy": 44.476727, "activity_lines": [ 137.3896, 133.709618, 133.35889, 133.980764 ] }, { "date": "2026-01-09", "close": 153.899948, "volume": 1661046, "typical_volume": 614095.1, "trend": 133.921842, "fair_value": 103.074273, "relative_strength": -3.863329, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.787488, "energy": 75.998739, "activity_lines": [ 143.757875, 137.754116, 135.155232, 135.352104 ] }, { "date": "2026-01-16", "close": 173.800797, "volume": 3624396, "typical_volume": 734139.9, "trend": 135.927934, "fair_value": 103.906775, "relative_strength": 4.541842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.465144, "energy": 95.072664, "activity_lines": [ 155.226664, 144.990791, 138.77108, 137.924939 ] }, { "date": "2026-01-23", "close": 193.259415, "volume": 3436529, "typical_volume": 858423.25, "trend": 138.348383, "fair_value": 104.868777, "relative_strength": 13.827687, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.376077, "energy": 98.298191, "activity_lines": [ 170.29235, 154.937199, 144.122199, 141.623745 ] }, { "date": "2026-01-30", "close": 171.147354, "volume": 1859524, "typical_volume": 868487.7, "trend": 140.057792, "fair_value": 105.688168, "relative_strength": 0.448596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.976263, "energy": 88.024202, "activity_lines": [ 173.771317, 159.689283, 147.156817, 143.739807 ] }, { "date": "2026-02-06", "close": 169.820633, "volume": 591258, "typical_volume": 859096.95, "trend": 141.384516, "fair_value": 106.487358, "relative_strength": 0.530642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.55502, "energy": 86.984625, "activity_lines": [ 174.331491, 163.371947, 149.917666, 145.65999 ] }, { "date": "2026-02-13", "close": 160.9758, "volume": 1839597, "typical_volume": 928688.15, "trend": 142.342705, "fair_value": 107.228983, "relative_strength": -9.714675, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.512064, "energy": 59.230819, "activity_lines": [ 170.528215, 164.714752, 151.671889, 146.923944 ] }, { "date": "2026-02-27", "close": 159.649078, "volume": 783593, "typical_volume": 956557.9, "trend": 143.212447, "fair_value": 107.959071, "relative_strength": -14.813549, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.327636, "energy": 42.05241, "activity_lines": [ 165.810974, 165.269563, 153.177615, 148.040484 ] }, { "date": "2026-03-06", "close": 157.880112, "volume": 640598, "typical_volume": 979140.5, "trend": 144.052705, "fair_value": 108.658757, "relative_strength": -10.951734, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.767337, "energy": 27.289887, "activity_lines": [ 161.447526, 164.972055, 154.415891, 148.986785 ] }, { "date": "2026-03-13", "close": 160.091324, "volume": 877306, "typical_volume": 1004348.3, "trend": 144.730808, "fair_value": 109.372184, "relative_strength": -8.908471, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.886226, "energy": 22.714761, "activity_lines": [ 160.179769, 164.570019, 155.759462, 150.021535 ] }, { "date": "2026-03-20", "close": 171.589584, "volume": 1130027, "typical_volume": 1052516.2, "trend": 145.762704, "fair_value": 110.160185, "relative_strength": -2.599198, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.551246, "energy": 27.041368, "activity_lines": [ 163.481834, 165.78417, 158.063328, 151.754359 ] }, { "date": "2026-03-27", "close": 224.216293, "volume": 5603114, "typical_volume": 1318925.65, "trend": 148.637272, "fair_value": 111.276438, "relative_strength": 28.335255, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 85.829796, "energy": 61.079279, "activity_lines": [ 184.208205, 176.148695, 165.185517, 156.815881 ] }, { "date": "2026-04-03", "close": 187.068024, "volume": 3563519, "typical_volume": 1480957.2, "trend": 149.90503, "fair_value": 112.159327, "relative_strength": 8.735302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.563711, "energy": 56.547004, "activity_lines": [ 188.335787, 178.480511, 168.323323, 159.295284 ] }, { "date": "2026-04-10", "close": 191.932678, "volume": 1953780, "typical_volume": 1568741.75, "trend": 151.334943, "fair_value": 113.071233, "relative_strength": 2.616572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.551637, "energy": 65.592766, "activity_lines": [ 192.25699, 181.455587, 171.644343, 162.006746 ] }, { "date": "2026-04-17", "close": 203.873199, "volume": 2685455, "typical_volume": 1692320.55, "trend": 153.457701, "fair_value": 114.058381, "relative_strength": 4.909012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.566044, "energy": 72.131998, "activity_lines": [ 197.888197, 186.625789, 175.80141, 165.396311 ] }, { "date": "2026-04-24", "close": 218.467163, "volume": 5491284, "typical_volume": 1958187.9, "trend": 156.229079, "fair_value": 115.160743, "relative_strength": 6.244728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.008918, "energy": 61.504846, "activity_lines": [ 205.465266, 193.854423, 180.975633, 169.590469 ] }, { "date": "2026-05-01", "close": 212.275787, "volume": 2021156, "typical_volume": 2043769.95, "trend": 158.794078, "fair_value": 116.225149, "relative_strength": 3.237524, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.095801, "energy": 63.490865, "activity_lines": [ 207.853371, 199.072871, 185.136913, 173.206386 ] }, { "date": "2026-05-08", "close": 199.893021, "volume": 2015704, "typical_volume": 2136092.55, "trend": 160.828387, "fair_value": 117.208878, "relative_strength": -8.827542, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.51443, "energy": 52.895194, "activity_lines": [ 206.909921, 201.107179, 187.731394, 175.857931 ] }, { "date": "2026-05-15", "close": 200.777512, "volume": 1737231, "typical_volume": 2216958.45, "trend": 162.995369, "fair_value": 118.131126, "relative_strength": -7.244453, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.22213, "energy": 45.239279, "activity_lines": [ 205.406302, 202.570596, 190.079484, 178.435294 ] }, { "date": "2026-05-22", "close": 194.14389, "volume": 691210, "typical_volume": 2194611.5, "trend": 165.073903, "fair_value": 119.022114, "relative_strength": -12.398911, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.861086, "energy": 32.214043, "activity_lines": [ 201.10182, 202.047947, 191.458855, 180.444876 ] }, { "date": "2026-05-29", "close": 199.893021, "volume": 1376179, "typical_volume": 2179125.3, "trend": 167.373557, "fair_value": 119.953422, "relative_strength": -14.485422, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.139441, "energy": 25.301422, "activity_lines": [ 199.362335, 201.951458, 193.099359, 182.69127 ] }, { "date": "2026-06-05", "close": 191.490433, "volume": 834347, "typical_volume": 2137790.35, "trend": 169.407866, "fair_value": 120.826534, "relative_strength": -18.333224, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.073285, "energy": 18.830105, "activity_lines": [ 196.060264, 199.812617, 193.695331, 184.247198 ] }, { "date": "2026-06-12", "close": 189.279236, "volume": 1148822, "typical_volume": 2014011.65, "trend": 171.442176, "fair_value": 121.64908, "relative_strength": -17.306924, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.487115, "energy": 17.110088, "activity_lines": [ 193.406818, 197.866755, 193.90171, 185.529222 ] }, { "date": "2026-06-19", "close": 202.104233, "volume": 500779, "typical_volume": 1867224.15, "trend": 173.889244, "fair_value": 122.514846, "relative_strength": -15.790248, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.819396, "energy": 17.471675, "activity_lines": [ 195.735956, 198.212508, 195.25581, 187.507419 ] }, { "date": "2026-06-26", "close": 183.972351, "volume": 897981, "typical_volume": 1819147.0, "trend": 175.835105, "fair_value": 123.252251, "relative_strength": -19.782337, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.542257, "energy": 13.5545, "activity_lines": [ 191.932685, 195.076617, 194.840947, 188.157942 ] }, { "date": "2026-07-03", "close": 200.777512, "volume": 462567, "typical_volume": 1812712.45, "trend": 178.208467, "fair_value": 124.099548, "relative_strength": -16.259445, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.911483, "energy": 13.443784, "activity_lines": [ 194.409238, 195.358044, 195.965503, 189.76713 ] }, { "date": "2026-07-10", "close": 192.5, "volume": 0, "typical_volume": 1720732.6, "trend": 180.261687, "fair_value": 124.865623, "relative_strength": -16.853093, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.170693, "energy": 12.18391, "activity_lines": [ 194.067654, 194.456099, 196.154311, 190.689164 ] }, { "date": "2026-07-17", "close": 167.0, "volume": 1175259, "typical_volume": 1740315.9, "trend": 181.479648, "fair_value": 125.403567, "relative_strength": -22.807559, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.638141, "energy": 16.928634, "activity_lines": [ 185.158765, 189.277349, 193.764433, 189.833571 ] }, { "date": "2026-07-24", "close": 165.5, "volume": 723817, "typical_volume": 1744476.85, "trend": 182.66235, "fair_value": 125.940773, "relative_strength": -24.692076, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.399929, "energy": 46.494561, "activity_lines": [ 177.235158, 184.423928, 191.196693, 188.802626 ] }, { "date": "2026-07-31", "close": 156.0, "volume": 607952, "typical_volume": 1731009.15, "trend": 183.395714, "fair_value": 126.408205, "relative_strength": -27.553261, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.772615, "energy": 62.357838, "activity_lines": [ 168.585167, 178.484643, 187.687906, 187.082475 ] }, { "date": "2026-08-07", "close": 172.0, "volume": 482138, "typical_volume": 1698614.7, "trend": 184.175947, "fair_value": 126.975981, "relative_strength": -21.585495, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.421366, "energy": 60.148323, "activity_lines": [ 167.133333, 176.147974, 185.722411, 186.347267 ] }, { "date": "2026-08-14", "close": 193.0, "volume": 672872, "typical_volume": 1452102.6, "trend": 185.479282, "fair_value": 127.689469, "relative_strength": -14.524261, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.478643, "energy": 35.497812, "activity_lines": [ 174.6, 178.136633, 185.754962, 186.916561 ] } ], "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." } } }