{ "ticker": { "uuid": "18c99599-8ae3-4195-b207-26199a0ad55f", "symbol": "SHALBY", "name": "Shalby 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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 5.089, "architecture_energy": 15.484, "architecture_maturity": 17.501, "architecture_confidence": 57.145, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 68.72, "rotation_up": 18.63, "upward_expansion": 42.75, "deceleration": 83.25, "rotation_down": 39.0, "downward_expansion": 32.08 }, "activity_lines": [ 162.459332, 165.707454, 165.850904, 162.81658 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 160.089996, "trend_reference": 161.185666, "distance_from_trend": -0.006798, "trend_direction": "Weakening", "fair_value": 226.465701, "distance_from_fair_value": -0.293094, "fair_value_direction": "Weakening", "relative_strength": -13.10731, "relative_strength_direction": "Weakening", "price_momentum": -0.07989, "excess_performance": -0.036181, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.006798, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.073851, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.293094, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.037623, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.131073, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.040136, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.07989, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.2261, "read": "Supply-led" } ], "volume": { "latest": 452560, "relative_activity": 1.322155, "balance": 0.2261, "dry_up": 0.909239, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.060331, "annualized_volatility": 0.326336, "from_high_reference": -0.417219, "from_low_reference": 0.272373 }, "levels": { "trend_reference": 161.185666, "fair_value_reference": 226.465701, "structural_low": 125.82, "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": 16, "median_return": -0.03978, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.049354, "regime_survival": 0.5625, "best_return": 0.23462, "worst_return": -0.17672, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.005827, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.008618, "regime_survival": 0.428571, "best_return": 0.414407, "worst_return": -0.210334, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.07201, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.170216, "regime_survival": 0.2, "best_return": 0.422649, "worst_return": -0.251884, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.214165, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.171102, "regime_survival": 0.0, "best_return": 0.671713, "worst_return": -0.305755, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-15", "end": "2024-04-12", "tenure": "Developing", "return": 0.195432, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-19", "end": "2024-05-03", "tenure": "New", "return": 0.004688, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-10-25", "tenure": "Established", "return": -0.117856, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2025-07-18", "tenure": "Extended", "return": -0.182839, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.008914, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": 0.079599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-11-07", "tenure": "Developing", "return": 0.039779, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-12-12", "tenure": "Developing", "return": -0.13935, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": -0.174103, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-05-15", "tenure": "Established", "return": -0.059649, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-19", "tenure": "Developing", "return": -0.000643, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": 0.000407, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-07-31", "tenure": "New", "return": -0.056307, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 193.323975, "volume": 1115773, "typical_volume": 1665757.65, "trend": 151.24114, "fair_value": 134.318733, "relative_strength": 24.225988, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.852681, "energy": 62.895521, "activity_lines": [ 193.10697, 188.029952, 172.262141, 162.310319 ] }, { "date": "2023-08-25", "close": 221.453781, "volume": 9174260, "typical_volume": 2093891.2, "trend": 153.908511, "fair_value": 135.192318, "relative_strength": 41.074305, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.919478, "energy": 70.722204, "activity_lines": [ 202.819532, 195.337887, 178.008332, 166.840167 ] }, { "date": "2023-09-01", "close": 243.808273, "volume": 7101387, "typical_volume": 2416000.65, "trend": 157.410107, "fair_value": 136.249704, "relative_strength": 52.038447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.782875, "energy": 79.785654, "activity_lines": [ 217.677431, 205.433498, 185.493515, 172.640151 ] }, { "date": "2023-09-08", "close": 254.064438, "volume": 5427427, "typical_volume": 2667513.95, "trend": 161.235429, "fair_value": 137.393192, "relative_strength": 53.396735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.230938, "energy": 91.871828, "activity_lines": [ 232.629364, 215.98237, 193.496487, 178.875915 ] }, { "date": "2023-09-15", "close": 237.286133, "volume": 2826383, "typical_volume": 2792525.7, "trend": 164.615294, "fair_value": 138.407516, "relative_strength": 39.26368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.892741, "energy": 84.18941, "activity_lines": [ 238.022985, 221.908761, 199.382385, 183.782412 ] }, { "date": "2023-09-22", "close": 226.830811, "volume": 1562785, "typical_volume": 2844440.8, "trend": 167.950166, "fair_value": 139.357325, "relative_strength": 35.482485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.211459, "energy": 78.21077, "activity_lines": [ 236.970815, 224.879708, 203.822928, 187.796316 ] }, { "date": "2023-09-29", "close": 236.838058, "volume": 1254600, "typical_volume": 2885767.1, "trend": 171.55428, "fair_value": 140.331508, "relative_strength": 40.287872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.857215, "energy": 63.304464, "activity_lines": [ 237.020605, 228.940739, 208.803049, 192.240696 ] }, { "date": "2023-10-06", "close": 247.990402, "volume": 1604128, "typical_volume": 2879379.8, "trend": 175.548284, "fair_value": 141.321432, "relative_strength": 45.165367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.79306, "energy": 62.034749, "activity_lines": [ 239.762225, 234.120801, 214.383683, 197.172059 ] }, { "date": "2023-10-13", "close": 274.377625, "volume": 7742234, "typical_volume": 3248482.4, "trend": 180.581869, "fair_value": 142.505561, "relative_strength": 57.707092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.473833, "energy": 65.6492, "activity_lines": [ 251.020777, 243.115768, 221.947345, 203.548145 ] }, { "date": "2023-10-20", "close": 258.694641, "volume": 1977494, "typical_volume": 3323548.35, "trend": 185.218054, "fair_value": 143.595734, "relative_strength": 48.602685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.021598, "energy": 60.766398, "activity_lines": [ 255.697456, 247.808442, 227.353684, 208.587679 ] }, { "date": "2023-10-27", "close": 259.441467, "volume": 3343763, "typical_volume": 3460998.1, "trend": 189.438703, "fair_value": 144.691008, "relative_strength": 51.0599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.1184, "energy": 58.313356, "activity_lines": [ 259.195842, 251.440197, 232.279593, 213.376286 ] }, { "date": "2023-11-03", "close": 290.558502, "volume": 7495835, "typical_volume": 3723198.55, "trend": 194.472246, "fair_value": 145.979486, "relative_strength": 64.971429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.504875, "energy": 65.775712, "activity_lines": [ 270.89253, 259.527459, 239.602369, 219.900144 ] }, { "date": "2023-11-10", "close": 287.421906, "volume": 2073058, "typical_volume": 3629704.4, "trend": 199.138958, "fair_value": 147.247858, "relative_strength": 59.241112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.778, "energy": 62.743719, "activity_lines": [ 277.962323, 265.787981, 245.962958, 225.896896 ] }, { "date": "2023-11-17", "close": 288.666595, "volume": 2061113, "typical_volume": 3597844.95, "trend": 203.926338, "fair_value": 148.486, "relative_strength": 55.265559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.60046, "energy": 61.178361, "activity_lines": [ 282.818245, 271.481834, 251.864727, 231.672873 ] }, { "date": "2023-11-24", "close": 316.248749, "volume": 5773292, "typical_volume": 3618055.6, "trend": 209.705703, "fair_value": 149.853972, "relative_strength": 66.738192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.636824, "energy": 78.284139, "activity_lines": [ 295.915621, 281.561495, 259.816913, 238.91948 ] }, { "date": "2023-12-01", "close": 306.141937, "volume": 2151336, "typical_volume": 3608931.3, "trend": 215.243848, "fair_value": 151.136173, "relative_strength": 55.399191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.34083, "energy": 72.371137, "activity_lines": [ 301.807119, 288.36787, 266.15436, 245.141173 ] }, { "date": "2023-12-08", "close": 312.912994, "volume": 3173235, "typical_volume": 3598201.15, "trend": 221.010994, "fair_value": 152.474619, "relative_strength": 51.474362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.634266, "energy": 68.366021, "activity_lines": [ 306.842271, 294.963326, 272.567961, 251.442408 ] }, { "date": "2023-12-15", "close": 313.659821, "volume": 1641918, "typical_volume": 3575051.5, "trend": 226.910256, "fair_value": 153.843534, "relative_strength": 46.420843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.33428, "energy": 71.279165, "activity_lines": [ 310.636066, 300.311387, 278.452442, 257.419752 ] }, { "date": "2023-12-22", "close": 306.191711, "volume": 2376153, "typical_volume": 3614630.3, "trend": 232.616666, "fair_value": 155.094108, "relative_strength": 41.715413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.023949, "energy": 55.165025, "activity_lines": [ 310.191296, 303.107622, 283.05557, 262.534684 ] }, { "date": "2023-12-29", "close": 301.312561, "volume": 755687, "typical_volume": 3531593.05, "trend": 237.898158, "fair_value": 156.343786, "relative_strength": 35.556957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.70828, "energy": 48.833825, "activity_lines": [ 306.951802, 304.438299, 286.662539, 266.966677 ] }, { "date": "2024-01-05", "close": 302.009583, "volume": 1052782, "typical_volume": 3528443.5, "trend": 243.283712, "fair_value": 157.515562, "relative_strength": 34.751809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.117057, "energy": 39.50522, "activity_lines": [ 304.940395, 305.120837, 289.819526, 271.102898 ] }, { "date": "2024-01-12", "close": 300.267029, "volume": 930359, "typical_volume": 3116248.45, "trend": 248.251579, "fair_value": 158.706548, "relative_strength": 31.668781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.682973, "energy": 34.74485, "activity_lines": [ 302.623627, 304.712582, 292.293005, 274.779241 ] }, { "date": "2024-01-19", "close": 314.207458, "volume": 1963968, "typical_volume": 2859377.5, "trend": 253.185962, "fair_value": 160.036693, "relative_strength": 37.975556, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.061252, "energy": 35.603976, "activity_lines": [ 305.796733, 306.662431, 295.718843, 279.034459 ] }, { "date": "2024-01-26", "close": 308.581512, "volume": 978004, "typical_volume": 2636906.35, "trend": 257.884976, "fair_value": 161.337038, "relative_strength": 35.627908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.791128, "energy": 32.67873, "activity_lines": [ 307.058014, 307.10237, 298.273642, 282.608366 ] }, { "date": "2024-02-02", "close": 306.888763, "volume": 890981, "typical_volume": 2540136.25, "trend": 262.138271, "fair_value": 162.603042, "relative_strength": 30.315582, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.243502, "energy": 35.714527, "activity_lines": [ 307.595725, 306.872448, 300.407622, 285.7699 ] }, { "date": "2024-02-09", "close": 294.541473, "volume": 2284769, "typical_volume": 2576235.45, "trend": 265.732557, "fair_value": 163.809629, "relative_strength": 24.213809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.326725, "energy": 26.329107, "activity_lines": [ 303.645927, 304.567745, 301.034228, 287.86043 ] }, { "date": "2024-02-16", "close": 297.678101, "volume": 891091, "typical_volume": 2558060.0, "trend": 269.426448, "fair_value": 165.046344, "relative_strength": 22.779141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.30288, "energy": 19.506082, "activity_lines": [ 301.239545, 303.044256, 301.637129, 289.921432 ] }, { "date": "2024-02-23", "close": 293.844482, "volume": 652239, "typical_volume": 2510465.55, "trend": 272.756665, "fair_value": 166.263182, "relative_strength": 19.017361, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.343737, "energy": 12.517919, "activity_lines": [ 297.727885, 301.100744, 301.585209, 291.496789 ] }, { "date": "2024-03-01", "close": 265.664856, "volume": 1433609, "typical_volume": 2195034.3, "trend": 275.126117, "fair_value": 167.287167, "relative_strength": 6.155818, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.123142, "energy": 15.85136, "activity_lines": [ 286.180548, 294.393942, 298.631163, 291.039253 ] }, { "date": "2024-03-08", "close": 247.492523, "volume": 1553552, "typical_volume": 2173837.2, "trend": 276.946672, "fair_value": 168.205312, "relative_strength": -2.396401, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.961413, "energy": 46.092063, "activity_lines": [ 271.436877, 285.119931, 293.987907, 289.256441 ] }, { "date": "2024-03-15", "close": 231.062729, "volume": 1851155, "typical_volume": 2099206.8, "trend": 278.20463, "fair_value": 169.059791, "relative_strength": -7.447718, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.041454, "energy": 63.3149, "activity_lines": [ 255.176358, 273.837231, 287.833253, 286.296186 ] }, { "date": "2024-03-22", "close": 241.916351, "volume": 937746, "typical_volume": 1771302.35, "trend": 278.886716, "fair_value": 169.993554, "relative_strength": -4.055229, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.804487, "energy": 69.051707, "activity_lines": [ 246.765629, 265.81786, 282.847413, 283.955007 ] }, { "date": "2024-03-29", "close": 238.082733, "volume": 823066, "typical_volume": 1708802.75, "trend": 278.695865, "fair_value": 170.853884, "relative_strength": -7.021031, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.532329, "energy": 70.228782, "activity_lines": [ 240.794477, 258.162389, 277.728097, 281.322492 ] }, { "date": "2024-04-05", "close": 266.262329, "volume": 2027103, "typical_volume": 1707102.25, "trend": 279.102461, "fair_value": 171.858524, "relative_strength": 2.451736, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.061043, "energy": 52.926164, "activity_lines": [ 247.933974, 257.014566, 275.5275, 280.520329 ] }, { "date": "2024-04-12", "close": 276.219788, "volume": 1646783, "typical_volume": 1500776.8, "trend": 280.40025, "fair_value": 172.913212, "relative_strength": 5.553422, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.396257, "energy": 34.921908, "activity_lines": [ 258.352792, 258.446631, 274.381919, 280.33435 ] }, { "date": "2024-04-19", "close": 265.515503, "volume": 428790, "typical_volume": 1414649.5, "trend": 281.689739, "fair_value": 173.893959, "relative_strength": 2.531235, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.707638, "energy": 23.067521, "activity_lines": [ 263.288365, 258.490079, 272.407497, 279.374043 ] }, { "date": "2024-04-26", "close": 278.559784, "volume": 858638, "typical_volume": 1298919.65, "trend": 283.080464, "fair_value": 174.913538, "relative_strength": 5.475407, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.685873, "energy": 25.245405, "activity_lines": [ 270.275179, 261.43296, 271.868846, 279.172111 ] }, { "date": "2024-05-03", "close": 266.760193, "volume": 392933, "typical_volume": 1236470.4, "trend": 283.706123, "fair_value": 175.769471, "relative_strength": 0.083029, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.553611, "energy": 22.537014, "activity_lines": [ 270.885901, 262.578067, 270.370012, 278.11919 ] }, { "date": "2024-05-10", "close": 269.797241, "volume": 625138, "typical_volume": 1148919.65, "trend": 283.553444, "fair_value": 176.494856, "relative_strength": 2.390218, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.594053, "energy": 18.399873, "activity_lines": [ 270.597142, 264.767805, 269.383752, 277.221843 ] }, { "date": "2024-05-17", "close": 274.676392, "volume": 475811, "typical_volume": 1134925.85, "trend": 284.086169, "fair_value": 177.245253, "relative_strength": 1.564081, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.594641, "energy": 16.753191, "activity_lines": [ 271.699105, 267.769528, 269.035479, 276.64913 ] }, { "date": "2024-05-24", "close": 276.568298, "volume": 371802, "typical_volume": 1100876.85, "trend": 284.657063, "fair_value": 177.940442, "relative_strength": -0.677179, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.60845, "energy": 10.32817, "activity_lines": [ 273.534597, 270.620981, 268.994228, 276.164106 ] }, { "date": "2024-05-31", "close": 257.101471, "volume": 1589878, "typical_volume": 1133852.8, "trend": 283.541829, "fair_value": 178.505519, "relative_strength": -6.469899, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.621252, "energy": 17.694842, "activity_lines": [ 268.144293, 269.105637, 267.220141, 274.386326 ] }, { "date": "2024-06-07", "close": 270.643585, "volume": 967366, "typical_volume": 1084022.7, "trend": 282.982551, "fair_value": 179.198746, "relative_strength": -5.358851, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.213937, "energy": 13.245935, "activity_lines": [ 268.698582, 269.776403, 266.941331, 273.554181 ] }, { "date": "2024-06-14", "close": 284.285309, "volume": 1194236, "typical_volume": 1094834.3, "trend": 282.836509, "fair_value": 180.018255, "relative_strength": -1.958564, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.608363, "energy": 4.276683, "activity_lines": [ 273.541219, 272.335467, 268.169178, 273.63823 ] }, { "date": "2024-06-21", "close": 275.373383, "volume": 548393, "typical_volume": 1077704.9, "trend": 281.473996, "fair_value": 180.739296, "relative_strength": -5.589023, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.06059, "energy": 6.570433, "activity_lines": [ 274.447343, 272.94649, 268.663968, 273.156738 ] }, { "date": "2024-06-28", "close": 265.664856, "volume": 496837, "typical_volume": 988308.3, "trend": 280.12476, "fair_value": 181.295063, "relative_strength": -11.170979, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.358342, "energy": 9.465878, "activity_lines": [ 272.070825, 271.807715, 268.384209, 272.136793 ] }, { "date": "2024-07-05", "close": 309.178955, "volume": 3206665, "typical_volume": 1104087.0, "trend": 280.000292, "fair_value": 182.043013, "relative_strength": 1.508689, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.010531, "energy": 36.525514, "activity_lines": [ 284.925903, 278.57788, 272.386157, 274.011258 ] }, { "date": "2024-07-12", "close": 286.67511, "volume": 4219565, "typical_volume": 1282453.3, "trend": 279.100802, "fair_value": 182.683351, "relative_strength": -6.873042, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.322709, "energy": 28.609287, "activity_lines": [ 286.807868, 280.699724, 274.190116, 274.441891 ] }, { "date": "2024-07-19", "close": 282.542755, "volume": 5404175, "typical_volume": 1480981.6, "trend": 278.312504, "fair_value": 183.240199, "relative_strength": -8.610362, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.802707, "energy": 28.620911, "activity_lines": [ 286.243612, 281.708141, 275.634658, 274.663952 ] }, { "date": "2024-07-26", "close": 278.758942, "volume": 1380127, "typical_volume": 1472310.35, "trend": 277.560716, "fair_value": 183.813507, "relative_strength": -11.121255, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.152451, "energy": 29.214477, "activity_lines": [ 284.534255, 281.796856, 276.638465, 274.692755 ] }, { "date": "2024-08-02", "close": 281.795959, "volume": 1039112, "typical_volume": 1431708.2, "trend": 276.886929, "fair_value": 184.368073, "relative_strength": -9.923353, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.957974, "energy": 11.0189, "activity_lines": [ 283.611534, 282.363527, 277.782625, 274.965996 ] }, { "date": "2024-08-09", "close": 264.768707, "volume": 1087612, "typical_volume": 1439201.5, "trend": 275.703651, "fair_value": 184.8636, "relative_strength": -14.272019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.682356, "energy": 7.828603, "activity_lines": [ 275.937654, 279.739286, 277.063554, 274.184176 ] }, { "date": "2024-08-16", "close": 264.619354, "volume": 781820, "typical_volume": 1437139.2, "trend": 274.050715, "fair_value": 185.392935, "relative_strength": -15.026061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.429595, "energy": 12.471713, "activity_lines": [ 271.174674, 276.948486, 276.221439, 273.46906 ] }, { "date": "2024-08-23", "close": 272.684875, "volume": 683883, "typical_volume": 1369978.2, "trend": 272.85416, "fair_value": 185.957685, "relative_strength": -13.363935, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.888922, "energy": 10.799712, "activity_lines": [ 270.570585, 275.733675, 276.021104, 273.380941 ] }, { "date": "2024-08-30", "close": 270.643585, "volume": 525092, "typical_volume": 1313893.65, "trend": 271.645987, "fair_value": 186.450784, "relative_strength": -15.184739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.14582, "energy": 12.790516, "activity_lines": [ 269.943257, 274.358638, 275.595776, 273.238323 ] }, { "date": "2024-09-06", "close": 277.564026, "volume": 712406, "typical_volume": 1328074.45, "trend": 271.080073, "fair_value": 187.03397, "relative_strength": -11.450628, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 15.504426, "energy": 10.742066, "activity_lines": [ 272.163767, 274.327859, 275.856092, 273.620132 ] }, { "date": "2024-09-13", "close": 281.547028, "volume": 1298290, "typical_volume": 1350057.05, "trend": 270.54237, "fair_value": 187.680098, "relative_strength": -11.879481, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.227837, "energy": 13.775938, "activity_lines": [ 275.994074, 274.804914, 276.438367, 274.29542 ] }, { "date": "2024-09-20", "close": 282.850006, "volume": 946344, "typical_volume": 1377727.6, "trend": 270.175888, "fair_value": 188.359136, "relative_strength": -12.888171, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.67151, "energy": 18.30485, "activity_lines": [ 279.140151, 276.021272, 277.13051, 275.089461 ] }, { "date": "2024-09-27", "close": 274.600006, "volume": 454430, "typical_volume": 1369192.2, "trend": 270.473726, "fair_value": 189.021499, "relative_strength": -16.482052, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.698282, "energy": 16.729387, "activity_lines": [ 278.320852, 275.807178, 276.960321, 275.374888 ] }, { "date": "2024-10-04", "close": 271.100006, "volume": 364671, "typical_volume": 1363635.2, "trend": 271.260642, "fair_value": 189.673389, "relative_strength": -13.47272, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.619729, "energy": 11.883956, "activity_lines": [ 276.20721, 275.101134, 276.433928, 275.415293 ] }, { "date": "2024-10-11", "close": 263.5, "volume": 474276, "typical_volume": 1368758.9, "trend": 272.341884, "fair_value": 190.299231, "relative_strength": -15.294849, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.154123, "energy": 13.815518, "activity_lines": [ 271.529805, 273.152524, 275.200756, 274.914606 ] }, { "date": "2024-10-18", "close": 259.0, "volume": 515973, "typical_volume": 1315063.65, "trend": 272.911339, "fair_value": 190.903469, "relative_strength": -16.00717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.270083, "energy": 34.714524, "activity_lines": [ 266.290002, 270.718386, 273.601242, 274.053839 ] }, { "date": "2024-10-25", "close": 238.0, "volume": 442635, "typical_volume": 1288827.1, "trend": 272.908582, "fair_value": 191.500292, "relative_strength": -20.201104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -78.092291, "energy": 70.060646, "activity_lines": [ 255.553335, 264.570952, 269.992687, 271.801495 ] }, { "date": "2024-11-01", "close": 239.5, "volume": 1420898, "typical_volume": 1300160.2, "trend": 272.016504, "fair_value": 192.058873, "relative_strength": -19.446378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.018562, "energy": 73.705452, "activity_lines": [ 248.306667, 259.180233, 266.682436, 269.646103 ] }, { "date": "2024-11-08", "close": 223.779999, "volume": 1012097, "typical_volume": 1323345.4, "trend": 270.268511, "fair_value": 192.563912, "relative_strength": -23.582725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.715198, "energy": 83.094101, "activity_lines": [ 238.16, 251.534694, 262.088304, 266.53407 ] }, { "date": "2024-11-15", "close": 215.199997, "volume": 652283, "typical_volume": 1331117.7, "trend": 268.591327, "fair_value": 193.004506, "relative_strength": -23.928935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.478239, "energy": 88.353967, "activity_lines": [ 228.307999, 243.181219, 256.922713, 262.981263 ] }, { "date": "2024-11-22", "close": 215.330002, "volume": 988023, "typical_volume": 1220185.6, "trend": 266.483668, "fair_value": 193.461362, "relative_strength": -24.230712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.51281, "energy": 87.386, "activity_lines": [ 221.719333, 235.985273, 252.009812, 259.545048 ] }, { "date": "2024-11-29", "close": 222.729996, "volume": 1090125, "typical_volume": 1063713.6, "trend": 265.015995, "fair_value": 194.001546, "relative_strength": -21.60883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.599877, "energy": 81.309845, "activity_lines": [ 220.508665, 231.338727, 248.248571, 256.722231 ] }, { "date": "2024-12-06", "close": 244.710007, "volume": 1648199, "typical_volume": 875914.8, "trend": 264.179754, "fair_value": 194.682628, "relative_strength": -15.086561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.304445, "energy": 52.111934, "activity_lines": [ 227.642668, 231.781637, 246.885166, 255.412167 ] }, { "date": "2024-12-13", "close": 241.380005, "volume": 624661, "typical_volume": 838141.5, "trend": 263.069874, "fair_value": 195.398407, "relative_strength": -15.873043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.379253, "energy": 36.934059, "activity_lines": [ 233.319336, 232.162547, 245.384774, 253.941215 ] }, { "date": "2024-12-20", "close": 225.669998, "volume": 463745, "typical_volume": 809373.15, "trend": 261.373264, "fair_value": 196.001517, "relative_strength": -16.751195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.45705, "energy": 32.794975, "activity_lines": [ 232.586002, 230.227455, 242.566185, 251.52832 ] }, { "date": "2024-12-27", "close": 231.009995, "volume": 703727, "typical_volume": 790178.9, "trend": 260.503548, "fair_value": 196.594778, "relative_strength": -14.997353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.491025, "energy": 24.633577, "activity_lines": [ 232.934666, 229.951091, 240.523434, 249.5694 ] }, { "date": "2025-01-03", "close": 237.940002, "volume": 540350, "typical_volume": 778105.4, "trend": 259.413429, "fair_value": 197.228369, "relative_strength": -12.556134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.576528, "energy": 24.458446, "activity_lines": [ 234.548, 231.443637, 239.30144, 248.113687 ] }, { "date": "2025-01-10", "close": 222.779999, "volume": 374376, "typical_volume": 762630.05, "trend": 257.363252, "fair_value": 197.730777, "relative_strength": -15.521618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.428473, "energy": 36.625052, "activity_lines": [ 230.093999, 230.180909, 236.76268, 245.75024 ] }, { "date": "2025-01-17", "close": 230.169998, "volume": 395359, "typical_volume": 756143.4, "trend": 255.856472, "fair_value": 198.304485, "relative_strength": -11.160477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.399887, "energy": 30.080268, "activity_lines": [ 229.565332, 230.565818, 235.165372, 243.995836 ] }, { "date": "2025-01-24", "close": 216.630005, "volume": 244458, "typical_volume": 732746.0, "trend": 254.221977, "fair_value": 198.806826, "relative_strength": -15.244472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.340058, "energy": 39.127928, "activity_lines": [ 225.270668, 228.372728, 232.471272, 241.465097 ] }, { "date": "2025-01-31", "close": 222.369995, "volume": 336655, "typical_volume": 684664.25, "trend": 251.328345, "fair_value": 199.310069, "relative_strength": -13.852968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.636585, "energy": 39.369915, "activity_lines": [ 223.491999, 227.197272, 230.614, 239.41013 ] }, { "date": "2025-02-07", "close": 216.270004, "volume": 640528, "typical_volume": 669373.45, "trend": 248.981508, "fair_value": 199.811362, "relative_strength": -15.758776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.073347, "energy": 46.316516, "activity_lines": [ 220.256001, 224.784728, 228.457572, 237.148301 ] }, { "date": "2025-02-14", "close": 202.229996, "volume": 332907, "typical_volume": 663297.3, "trend": 246.304416, "fair_value": 200.253825, "relative_strength": -18.385928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.729436, "energy": 63.848709, "activity_lines": [ 213.784666, 219.936909, 225.281047, 234.132075 ] }, { "date": "2025-02-21", "close": 204.0, "volume": 293266, "typical_volume": 659727.05, "trend": 243.812452, "fair_value": 200.786663, "relative_strength": -16.554499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.22676, "energy": 61.009032, "activity_lines": [ 209.273333, 216.183272, 222.617714, 231.402758 ] }, { "date": "2025-02-28", "close": 189.610001, "volume": 247198, "typical_volume": 648373.15, "trend": 240.739586, "fair_value": 201.219701, "relative_strength": -19.608787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.12639, "energy": 73.012889, "activity_lines": [ 201.71, 210.492909, 218.903429, 227.905825 ] }, { "date": "2025-03-07", "close": 207.779999, "volume": 848496, "typical_volume": 664999.3, "trend": 238.839963, "fair_value": 201.731115, "relative_strength": -13.296203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.8106, "energy": 59.237118, "activity_lines": [ 202.004666, 208.761818, 217.271476, 225.7794 ] }, { "date": "2025-03-14", "close": 205.979996, "volume": 886405, "typical_volume": 687187.8, "trend": 236.885318, "fair_value": 202.270663, "relative_strength": -13.248007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.633154, "energy": 44.183361, "activity_lines": [ 202.671998, 207.125817, 215.711999, 223.659403 ] }, { "date": "2025-03-21", "close": 202.710007, "volume": 594315, "typical_volume": 645858.65, "trend": 234.552822, "fair_value": 202.783582, "relative_strength": -17.772227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.780684, "energy": 41.382503, "activity_lines": [ 202.935335, 205.476364, 213.993572, 221.454544 ] }, { "date": "2025-03-28", "close": 197.070007, "volume": 819554, "typical_volume": 636231.5, "trend": 232.100369, "fair_value": 203.285221, "relative_strength": -20.30266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.224026, "energy": 38.885658, "activity_lines": [ 201.28667, 203.166365, 211.913191, 219.036298 ] }, { "date": "2025-04-04", "close": 197.089996, "volume": 510411, "typical_volume": 629137.9, "trend": 229.417902, "fair_value": 203.712053, "relative_strength": -17.669596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.493745, "energy": 38.180511, "activity_lines": [ 200.106668, 201.461819, 209.961905, 216.777564 ] }, { "date": "2025-04-11", "close": 188.639999, "volume": 433510, "typical_volume": 601412.25, "trend": 226.321001, "fair_value": 204.068975, "relative_strength": -20.350844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.340742, "energy": 44.328311, "activity_lines": [ 195.611334, 198.576182, 207.292096, 214.146731 ] }, { "date": "2025-04-18", "close": 193.490005, "volume": 596243, "typical_volume": 576718.15, "trend": 223.342334, "fair_value": 204.469896, "relative_strength": -21.241433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.200421, "energy": 45.843213, "activity_lines": [ 194.008669, 197.185638, 205.211286, 212.028603 ] }, { "date": "2025-04-25", "close": 188.729996, "volume": 585059, "typical_volume": 523561.15, "trend": 220.48, "fair_value": 204.890995, "relative_strength": -23.122285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.716923, "energy": 48.333589, "activity_lines": [ 191.652, 195.343819, 202.816381, 209.795549 ] }, { "date": "2025-05-02", "close": 186.559998, "volume": 243218, "typical_volume": 504489.0, "trend": 217.662, "fair_value": 205.353284, "relative_strength": -24.366489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.931549, "energy": 56.098142, "activity_lines": [ 189.503999, 193.352909, 200.481381, 207.607161 ] }, { "date": "2025-05-09", "close": 181.490005, "volume": 382545, "typical_volume": 500429.0, "trend": 214.928334, "fair_value": 205.84321, "relative_strength": -24.716086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.04579, "energy": 56.386291, "activity_lines": [ 186.366668, 190.757274, 197.924572, 205.273484 ] }, { "date": "2025-05-16", "close": 194.720001, "volume": 389590, "typical_volume": 484722.15, "trend": 212.785667, "fair_value": 206.405034, "relative_strength": -21.829315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.639255, "energy": 41.714405, "activity_lines": [ 188.679334, 190.714728, 196.838143, 203.969721 ] }, { "date": "2025-05-23", "close": 201.5, "volume": 673170, "typical_volume": 491363.15, "trend": 211.569, "fair_value": 207.030471, "relative_strength": -17.940617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.714775, "energy": 29.082945, "activity_lines": [ 192.846667, 192.142364, 196.570239, 203.241613 ] }, { "date": "2025-05-30", "close": 187.5, "volume": 708122, "typical_volume": 508050.45, "trend": 209.835667, "fair_value": 207.506342, "relative_strength": -22.749217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.407909, "energy": 28.833068, "activity_lines": [ 191.813334, 191.106, 195.142524, 201.688775 ] }, { "date": "2025-06-06", "close": 181.0, "volume": 964343, "typical_volume": 536499.65, "trend": 208.409667, "fair_value": 207.968883, "relative_strength": -25.540128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.38386, "energy": 36.265401, "activity_lines": [ 188.695334, 189.164364, 193.263762, 199.828409 ] }, { "date": "2025-06-13", "close": 180.059998, "volume": 888222, "typical_volume": 568687.85, "trend": 207.238334, "fair_value": 208.471366, "relative_strength": -24.351599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.281957, "energy": 42.301042, "activity_lines": [ 185.634666, 187.344, 191.529619, 197.999398 ] }, { "date": "2025-06-20", "close": 183.059998, "volume": 858730, "typical_volume": 594791.6, "trend": 206.162667, "fair_value": 209.020788, "relative_strength": -23.621855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.90457, "energy": 53.365727, "activity_lines": [ 183.669332, 186.378727, 190.255333, 196.439505 ] }, { "date": "2025-06-27", "close": 182.460007, "volume": 518008, "typical_volume": 588665.6, "trend": 204.820334, "fair_value": 209.547788, "relative_strength": -24.834406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.243208, "energy": 56.159282, "activity_lines": [ 182.281335, 185.405819, 189.111096, 194.910302 ] }, { "date": "2025-07-04", "close": 186.149994, "volume": 507451, "typical_volume": 597392.8, "trend": 202.868333, "fair_value": 210.073567, "relative_strength": -21.925514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.278264, "energy": 42.015478, "activity_lines": [ 183.392666, 185.304363, 188.479286, 193.705764 ] }, { "date": "2025-07-11", "close": 182.190002, "volume": 417033, "typical_volume": 603581.15, "trend": 200.895333, "fair_value": 210.548774, "relative_strength": -21.926612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.202422, "energy": 37.322819, "activity_lines": [ 183.274, 184.529818, 187.546905, 192.371678 ] }, { "date": "2025-07-18", "close": 195.710007, "volume": 1710176, "typical_volume": 676730.05, "trend": 199.896667, "fair_value": 211.101832, "relative_strength": -14.874269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.69728, "energy": 15.813684, "activity_lines": [ 187.582669, 186.29291, 188.006001, 192.03714 ] }, { "date": "2025-07-25", "close": 207.550003, "volume": 3922149, "typical_volume": 830412.7, "trend": 199.114667, "fair_value": 211.709062, "relative_strength": -8.699882, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.344416, "energy": 16.298035, "activity_lines": [ 194.79467, 189.950183, 189.563668, 192.530904 ] }, { "date": "2025-08-01", "close": 205.699997, "volume": 2306770, "typical_volume": 901430.95, "trend": 198.04, "fair_value": 212.26791, "relative_strength": -7.927488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.441338, "energy": 29.433078, "activity_lines": [ 199.757334, 193.037819, 190.946239, 192.955764 ] }, { "date": "2025-08-08", "close": 203.270004, "volume": 774963, "typical_volume": 910463.35, "trend": 197.389667, "fair_value": 212.831332, "relative_strength": -7.768687, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.239598, "energy": 32.605022, "activity_lines": [ 202.360669, 195.607274, 192.098715, 193.293184 ] }, { "date": "2025-08-15", "close": 203.199997, "volume": 820294, "typical_volume": 910500.35, "trend": 196.490667, "fair_value": 213.335113, "relative_strength": -8.309887, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.439551, "energy": 45.7022, "activity_lines": [ 203.799334, 197.877274, 193.241858, 193.668044 ] }, { "date": "2025-08-22", "close": 198.309998, "volume": 475426, "typical_volume": 908751.1, "trend": 195.88, "fair_value": 213.832421, "relative_strength": -10.801509, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.858052, "energy": 38.588017, "activity_lines": [ 202.207332, 198.854546, 193.890096, 193.78542 ] }, { "date": "2025-08-29", "close": 194.080002, "volume": 266766, "typical_volume": 900413.9, "trend": 194.937001, "fair_value": 214.268294, "relative_strength": -10.585479, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.761142, "energy": 17.693862, "activity_lines": [ 199.032, 198.73091, 194.129667, 193.669291 ] }, { "date": "2025-09-05", "close": 219.449997, "volume": 13815405, "typical_volume": 1561372.0, "trend": 195.043, "fair_value": 214.8372, "relative_strength": 0.318027, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.712361, "energy": 41.032277, "activity_lines": [ 205.211332, 203.019636, 196.759524, 195.250775 ] }, { "date": "2025-09-12", "close": 226.5, "volume": 6635677, "typical_volume": 1863902.9, "trend": 195.852, "fair_value": 215.44563, "relative_strength": 2.467608, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.337085, "energy": 57.371955, "activity_lines": [ 212.823999, 207.917636, 199.937191, 197.280258 ] }, { "date": "2025-09-19", "close": 240.570007, "volume": 1963947, "typical_volume": 1949939.35, "trend": 197.071001, "fair_value": 216.121096, "relative_strength": 8.264683, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.476971, "energy": 81.489986, "activity_lines": [ 223.578002, 214.640183, 204.275001, 200.165291 ] }, { "date": "2025-09-26", "close": 247.130005, "volume": 14254067, "typical_volume": 2643515.45, "trend": 198.988334, "fair_value": 216.878266, "relative_strength": 14.366614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.342158, "energy": 86.271832, "activity_lines": [ 234.027337, 221.494002, 208.980382, 203.394904 ] }, { "date": "2025-10-03", "close": 266.25, "volume": 4078598, "typical_volume": 2827965.85, "trend": 200.937334, "fair_value": 217.736428, "relative_strength": 22.067432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.459982, "energy": 92.813603, "activity_lines": [ 247.595336, 230.889274, 215.194144, 207.734367 ] }, { "date": "2025-10-10", "close": 252.050003, "volume": 1629925, "typical_volume": 2875803.6, "trend": 202.473001, "fair_value": 218.488339, "relative_strength": 13.916533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.882799, "energy": 84.650882, "activity_lines": [ 251.61867, 236.635456, 219.714906, 211.031958 ] }, { "date": "2025-10-17", "close": 246.25, "volume": 1098871, "typical_volume": 2895341.05, "trend": 203.924334, "fair_value": 219.157389, "relative_strength": 9.660662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.578645, "energy": 77.68031, "activity_lines": [ 251.535335, 240.484365, 223.442573, 213.856281 ] }, { "date": "2025-10-24", "close": 245.399994, "volume": 306713, "typical_volume": 2862459.55, "trend": 205.535334, "fair_value": 219.823529, "relative_strength": 8.999737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.252601, "energy": 60.485795, "activity_lines": [ 249.851999, 243.397273, 226.809524, 216.53213 ] }, { "date": "2025-10-31", "close": 241.300003, "volume": 783514, "typical_volume": 2857224.15, "trend": 207.009001, "fair_value": 220.471635, "relative_strength": 7.595198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.407348, "energy": 48.033466, "activity_lines": [ 246.48, 244.797455, 229.479334, 218.839528 ] }, { "date": "2025-11-07", "close": 235.509995, "volume": 643496, "typical_volume": 2846462.45, "trend": 208.571334, "fair_value": 221.05471, "relative_strength": 5.966736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.53048, "energy": 33.645169, "activity_lines": [ 241.566665, 244.363272, 231.306096, 220.678301 ] }, { "date": "2025-11-14", "close": 224.830002, "volume": 755943, "typical_volume": 2858359.2, "trend": 209.616, "fair_value": 221.575667, "relative_strength": -0.366995, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.386057, "energy": 22.14941, "activity_lines": [ 235.142666, 241.234, 231.865953, 221.727248 ] }, { "date": "2025-11-21", "close": 217.210007, "volume": 583869, "typical_volume": 2862180.1, "trend": 210.565334, "fair_value": 222.056344, "relative_strength": -4.18486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.100084, "energy": 20.700572, "activity_lines": [ 227.993335, 236.621456, 231.498334, 222.217184 ] }, { "date": "2025-11-28", "close": 208.929993, "volume": 523455, "typical_volume": 2867501.2, "trend": 211.311001, "fair_value": 222.446829, "relative_strength": -8.055975, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.631182, "energy": 19.197445, "activity_lines": [ 220.019999, 230.672363, 230.194238, 222.111678 ] }, { "date": "2025-12-05", "close": 198.600006, "volume": 524952, "typical_volume": 2808240.0, "trend": 211.881334, "fair_value": 222.760944, "relative_strength": -12.092213, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.756883, "energy": 38.567638, "activity_lines": [ 211.034668, 223.420364, 227.779001, 221.291614 ] }, { "date": "2025-12-12", "close": 193.5, "volume": 651000, "typical_volume": 2644682.55, "trend": 211.840667, "fair_value": 223.095344, "relative_strength": -13.443981, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.49392, "energy": 55.478373, "activity_lines": [ 203.196001, 216.123455, 224.864286, 220.105721 ] }, { "date": "2025-12-19", "close": 199.479996, "volume": 782906, "typical_volume": 2568489.35, "trend": 211.773334, "fair_value": 223.547064, "relative_strength": -10.112552, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.18722, "energy": 60.154104, "activity_lines": [ 200.151333, 211.236545, 222.586, 219.308258 ] }, { "date": "2025-12-26", "close": 200.25, "volume": 699598, "typical_volume": 2564721.1, "trend": 212.198334, "fair_value": 223.874295, "relative_strength": -9.61951, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.063761, "energy": 62.83399, "activity_lines": [ 199.053333, 207.445454, 220.410667, 218.564818 ] }, { "date": "2026-01-02", "close": 202.889999, "volume": 572777, "typical_volume": 2552345.25, "trend": 212.928, "fair_value": 224.146121, "relative_strength": -8.969634, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.661521, "energy": 53.358612, "activity_lines": [ 199.965999, 204.970727, 218.501143, 217.96428 ] }, { "date": "2026-01-09", "close": 182.949997, "volume": 491317, "typical_volume": 2553139.8, "trend": 213.024334, "fair_value": 224.294569, "relative_strength": -15.395593, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.389144, "energy": 59.920787, "activity_lines": [ 194.634665, 199.643454, 214.694047, 216.030215 ] }, { "date": "2026-01-16", "close": 179.729996, "volume": 401088, "typical_volume": 2559855.9, "trend": 212.913334, "fair_value": 224.466152, "relative_strength": -16.361663, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.363548, "energy": 68.784175, "activity_lines": [ 189.273331, 194.791635, 210.653428, 213.882193 ] }, { "date": "2026-01-23", "close": 164.75, "volume": 716759, "typical_volume": 1904923.6, "trend": 212.323, "fair_value": 224.615622, "relative_strength": -20.846039, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.480368, "energy": 90.022251, "activity_lines": [ 179.836665, 188.230362, 205.254476, 210.774881 ] }, { "date": "2026-01-30", "close": 168.149994, "volume": 504391, "typical_volume": 1598359.3, "trend": 211.723, "fair_value": 224.804017, "relative_strength": -19.555644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.889188, "energy": 89.50029, "activity_lines": [ 173.848663, 183.379634, 200.439808, 207.92501 ] }, { "date": "2026-02-06", "close": 173.990005, "volume": 665262, "typical_volume": 1533425.05, "trend": 211.449667, "fair_value": 225.026358, "relative_strength": -17.50756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.09687, "energy": 85.381317, "activity_lines": [ 171.947333, 180.482726, 196.45919, 205.490623 ] }, { "date": "2026-02-13", "close": 156.770004, "volume": 1194115, "typical_volume": 880427.45, "trend": 210.151667, "fair_value": 225.160203, "relative_strength": -24.55133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.122669, "energy": 89.704408, "activity_lines": [ 166.232668, 175.090182, 191.155619, 201.962903 ] }, { "date": "2026-02-20", "close": 156.259995, "volume": 729348, "typical_volume": 712964.95, "trend": 208.442, "fair_value": 225.349147, "relative_strength": -24.586743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.784843, "energy": 82.273219, "activity_lines": [ 162.093333, 170.365454, 186.233761, 198.486021 ] }, { "date": "2026-02-27", "close": 154.830002, "volume": 610501, "typical_volume": 661993.75, "trend": 206.746333, "fair_value": 225.516554, "relative_strength": -23.673238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.206917, "energy": 73.083118, "activity_lines": [ 159.042, 166.057818, 181.699476, 195.027183 ] }, { "date": "2026-03-06", "close": 150.360001, "volume": 1019484, "typical_volume": 658024.4, "trend": 204.982667, "fair_value": 225.658795, "relative_strength": -23.106929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.746012, "energy": 77.379245, "activity_lines": [ 155.162001, 161.749273, 177.202428, 191.389355 ] }, { "date": "2026-03-13", "close": 144.020004, "volume": 1210996, "typical_volume": 703238.55, "trend": 203.01, "fair_value": 225.791167, "relative_strength": -21.654922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.257262, "energy": 80.012972, "activity_lines": [ 150.354668, 157.195092, 172.558191, 187.45628 ] }, { "date": "2026-03-20", "close": 140.080002, "volume": 556999, "typical_volume": 691912.8, "trend": 201.069, "fair_value": 225.922391, "relative_strength": -23.190008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.722949, "energy": 81.496986, "activity_lines": [ 146.232002, 152.99491, 168.021476, 183.39628 ] }, { "date": "2026-03-27", "close": 131.039993, "volume": 995646, "typical_volume": 709520.3, "trend": 198.967667, "fair_value": 225.910967, "relative_strength": -26.747592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.123378, "energy": 84.609936, "activity_lines": [ 140.208666, 147.930545, 163.105809, 178.878279 ] }, { "date": "2026-04-03", "close": 139.399994, "volume": 417722, "typical_volume": 692609.25, "trend": 196.299333, "fair_value": 225.909992, "relative_strength": -21.232114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.245379, "energy": 66.069311, "activity_lines": [ 138.65333, 145.271453, 159.483809, 175.035204 ] }, { "date": "2026-04-10", "close": 153.889999, "volume": 519766, "typical_volume": 689404.1, "trend": 193.879, "fair_value": 225.951463, "relative_strength": -17.500614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.393491, "energy": 61.641374, "activity_lines": [ 142.956664, 145.707817, 157.648618, 172.299118 ] }, { "date": "2026-04-17", "close": 161.020004, "volume": 392771, "typical_volume": 682869.9, "trend": 191.227333, "fair_value": 226.053865, "relative_strength": -14.433745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.499201, "energy": 44.296031, "activity_lines": [ 149.401332, 147.699818, 156.793999, 170.179182 ] }, { "date": "2026-04-24", "close": 155.600006, "volume": 324719, "typical_volume": 672858.25, "trend": 188.176333, "fair_value": 226.135482, "relative_strength": -15.455655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.817874, "energy": 29.648386, "activity_lines": [ 152.906002, 148.942182, 155.651333, 167.880645 ] }, { "date": "2026-05-01", "close": 160.660004, "volume": 618111, "typical_volume": 671213.8, "trend": 184.656667, "fair_value": 226.267933, "relative_strength": -12.858055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.140699, "energy": 27.127698, "activity_lines": [ 157.06267, 151.125819, 155.195334, 166.105398 ] }, { "date": "2026-05-08", "close": 168.600006, "volume": 414161, "typical_volume": 652776.55, "trend": 181.875, "fair_value": 226.451917, "relative_strength": -9.093683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.193095, "energy": 23.167743, "activity_lines": [ 161.891338, 154.673093, 155.651906, 165.069484 ] }, { "date": "2026-05-15", "close": 158.119995, "volume": 262256, "typical_volume": 630909.45, "trend": 178.937333, "fair_value": 226.58934, "relative_strength": -12.583711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.244093, "energy": 18.265663, "activity_lines": [ 161.280002, 156.064547, 155.257429, 163.536903 ] }, { "date": "2026-05-22", "close": 170.929993, "volume": 411046, "typical_volume": 622822.9, "trend": 176.455, "fair_value": 226.819664, "relative_strength": -5.589838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.094911, "energy": 17.191871, "activity_lines": [ 164.656665, 159.644, 156.283571, 163.020301 ] }, { "date": "2026-05-29", "close": 168.809998, "volume": 668447, "typical_volume": 631679.4, "trend": 174.038666, "fair_value": 226.98596, "relative_strength": -5.985178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.407657, "energy": 16.338361, "activity_lines": [ 166.665998, 162.348727, 157.26, 162.527075 ] }, { "date": "2026-06-05", "close": 173.800003, "volume": 62352, "typical_volume": 614742.6, "trend": 171.981667, "fair_value": 227.199787, "relative_strength": -2.505014, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.75071, "energy": 19.669716, "activity_lines": [ 169.457999, 165.438364, 158.779, 162.511677 ] }, { "date": "2026-06-12", "close": 168.929993, "volume": 63938, "typical_volume": 582101.55, "trend": 170.118333, "fair_value": 227.313242, "relative_strength": -6.233145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.521038, "energy": 21.740461, "activity_lines": [ 169.750663, 166.86509, 159.862428, 162.314795 ] }, { "date": "2026-06-19", "close": 170.820007, "volume": 45036, "typical_volume": 559133.8, "trend": 168.572, "fair_value": 227.343012, "relative_strength": -6.683357, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.48928, "energy": 27.089187, "activity_lines": [ 170.651334, 168.098545, 161.105952, 162.360064 ] }, { "date": "2026-06-26", "close": 172.149994, "volume": 0, "typical_volume": 525870.7, "trend": 167.346, "fair_value": 227.372107, "relative_strength": -6.133841, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.74856, "energy": 24.945536, "activity_lines": [ 171.148665, 169.265999, 162.463428, 162.590903 ] }, { "date": "2026-07-03", "close": 172.220001, "volume": 64823, "typical_volume": 469406.1, "trend": 166.466666, "fair_value": 227.326787, "relative_strength": -6.876322, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.561036, "energy": 25.382738, "activity_lines": [ 171.587999, 170.243817, 163.836333, 162.905354 ] }, { "date": "2026-07-10", "close": 171.559998, "volume": 340109, "typical_volume": 449944.15, "trend": 165.735333, "fair_value": 227.229653, "relative_strength": -6.951277, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 28.189846, "energy": 27.783518, "activity_lines": [ 171.579999, 170.799453, 165.072809, 163.233957 ] }, { "date": "2026-07-17", "close": 163.990005, "volume": 378828, "typical_volume": 438360.5, "trend": 164.552333, "fair_value": 227.083042, "relative_strength": -11.27641, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 14.037123, "energy": 14.73393, "activity_lines": [ 169.198001, 169.780545, 165.515476, 163.121355 ] }, { "date": "2026-07-24", "close": 163.100006, "volume": 197619, "typical_volume": 397267.25, "trend": 163.314, "fair_value": 226.885363, "relative_strength": -9.310284, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 9.335147, "energy": 9.114786, "activity_lines": [ 166.848669, 168.683638, 165.829762, 163.027656 ] }, { "date": "2026-07-31", "close": 161.899994, "volume": 215886, "typical_volume": 347511.75, "trend": 161.947666, "fair_value": 226.675867, "relative_strength": -11.86394, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.567241, "energy": 19.119497, "activity_lines": [ 164.614, 167.278, 165.969095, 162.93643 ] }, { "date": "2026-08-07", "close": 160.089996, "volume": 452560, "typical_volume": 342289.8, "trend": 161.185666, "fair_value": 226.465701, "relative_strength": -13.10731, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.089418, "energy": 15.483625, "activity_lines": [ 162.459332, 165.707454, 165.850904, 162.81658 ] } ], "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." } } }