{ "ticker": { "uuid": "1eec83d0-2474-481a-83e4-d26b92b36d8f", "symbol": "ASHOKA", "name": "Ashoka Buildcon Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -66.043, "architecture_energy": 62.792, "architecture_maturity": 9.139, "architecture_confidence": 80.598, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 24.86, "rotation_up": 14.2, "upward_expansion": 16.16, "deceleration": 33.6, "rotation_down": 72.18, "downward_expansion": 84.83 }, "activity_lines": [ 121.204667, 124.644546, 126.209239, 126.690882 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 118.330002, "trend_reference": 129.924001, "distance_from_trend": -0.089237, "trend_direction": "Weakening", "fair_value": 181.325833, "distance_from_fair_value": -0.347418, "fair_value_direction": "Weakening", "relative_strength": -21.301876, "relative_strength_direction": "Weakening", "price_momentum": -0.237466, "excess_performance": -0.193757, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.089237, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.112701, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.347418, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.118086, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.213019, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.038105, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.237466, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.203719, "read": "Supply-led" } ], "volume": { "latest": 4103978, "relative_activity": 0.986578, "balance": 0.203719, "dry_up": 0.730742, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.057011, "annualized_volatility": 0.364311, "from_high_reference": -0.448345, "from_low_reference": 0.171584 }, "levels": { "trend_reference": 129.924001, "fair_value_reference": 181.325833, "structural_low": 101.0, "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": 23, "median_return": -0.003349, "positive_rate": 0.478261, "directional_follow_through": 0.521739, "median_excess_return": -0.006407, "regime_survival": 0.73913, "best_return": 0.266761, "worst_return": -0.223805, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.046092, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.026322, "regime_survival": 0.444444, "best_return": 0.198234, "worst_return": -0.299365, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.082384, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.038916, "regime_survival": 0.4, "best_return": 0.653378, "worst_return": -0.275982, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.108404, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.151693, "regime_survival": 0.333333, "best_return": 1.116216, "worst_return": -0.326516, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2024-09-06", "tenure": "New", "return": 0.161113, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-10-18", "tenure": "Developing", "return": -0.027323, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-12-13", "tenure": "Developing", "return": 0.367533, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-31", "tenure": "Developing", "return": -0.111065, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": -0.1668, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.031646, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-30", "tenure": "Developing", "return": 0.278643, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-08-15", "tenure": "Developing", "return": -0.204311, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.018769, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": 0.033924, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-12-05", "tenure": "Developing", "return": -0.15613, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-06-26", "tenure": "Extended", "return": -0.208039, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.082999, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 100.150002, "volume": 17796476, "typical_volume": 9442463.1, "trend": 83.488334, "fair_value": 87.990385, "relative_strength": 14.243266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.236187, "energy": 76.537897, "activity_lines": [ 97.980001, 94.034546, 89.026906, 86.483119 ] }, { "date": "2023-08-25", "close": 99.25, "volume": 8208553, "typical_volume": 9645762.65, "trend": 84.035001, "fair_value": 88.155769, "relative_strength": 13.175352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.478824, "energy": 55.628272, "activity_lines": [ 98.610001, 95.722728, 90.226906, 87.500001 ] }, { "date": "2023-09-01", "close": 102.25, "volume": 6452977, "typical_volume": 9692537.4, "trend": 84.841667, "fair_value": 88.367308, "relative_strength": 15.379974, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.627143, "energy": 55.557836, "activity_lines": [ 99.810001, 97.595455, 91.635953, 88.675162 ] }, { "date": "2023-09-08", "close": 113.699997, "volume": 30016692, "typical_volume": 10820166.0, "trend": 86.021667, "fair_value": 88.653846, "relative_strength": 25.486745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.502161, "energy": 70.350281, "activity_lines": [ 104.556666, 101.125454, 94.050715, 90.53699 ] }, { "date": "2023-09-15", "close": 108.400002, "volume": 15470652, "typical_volume": 11322148.65, "trend": 87.066667, "fair_value": 88.887821, "relative_strength": 17.181706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.262332, "energy": 63.578837, "activity_lines": [ 106.813333, 103.076364, 95.829286, 91.980753 ] }, { "date": "2023-09-22", "close": 103.650002, "volume": 6541692, "typical_volume": 11334146.1, "trend": 88.011667, "fair_value": 89.131731, "relative_strength": 14.6909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.97607, "energy": 53.818095, "activity_lines": [ 106.446667, 103.684546, 97.05762, 93.050646 ] }, { "date": "2023-09-29", "close": 122.349998, "volume": 47187815, "typical_volume": 13529388.5, "trend": 89.553334, "fair_value": 89.495833, "relative_strength": 34.697071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.956906, "energy": 66.217327, "activity_lines": [ 112.08, 107.492727, 99.985477, 95.266022 ] }, { "date": "2023-10-06", "close": 127.099998, "volume": 23128086, "typical_volume": 14476907.6, "trend": 91.118334, "fair_value": 89.904487, "relative_strength": 38.75287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.519747, "energy": 68.831011, "activity_lines": [ 117.756666, 111.627272, 103.182619, 97.688387 ] }, { "date": "2023-10-13", "close": 130.550003, "volume": 20034942, "typical_volume": 15204787.05, "trend": 92.941667, "fair_value": 90.343269, "relative_strength": 40.543403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.887475, "energy": 82.869556, "activity_lines": [ 122.926667, 115.863637, 106.498572, 100.232366 ] }, { "date": "2023-10-20", "close": 140.949997, "volume": 22923005, "typical_volume": 15745590.1, "trend": 95.173334, "fair_value": 90.840064, "relative_strength": 51.49608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.646231, "energy": 91.807426, "activity_lines": [ 130.439999, 121.487272, 110.547619, 103.329678 ] }, { "date": "2023-10-27", "close": 129.850006, "volume": 14594448, "typical_volume": 16145131.6, "trend": 97.035001, "fair_value": 91.283333, "relative_strength": 41.673467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.235584, "energy": 76.222279, "activity_lines": [ 132.083335, 124.217273, 113.25881, 105.566882 ] }, { "date": "2023-11-03", "close": 134.399994, "volume": 8633038, "typical_volume": 16365083.95, "trend": 98.743334, "fair_value": 91.742308, "relative_strength": 43.574773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.695711, "energy": 64.623278, "activity_lines": [ 133.496666, 127.234545, 116.165, 107.977527 ] }, { "date": "2023-11-10", "close": 139.149994, "volume": 12978271, "typical_volume": 16762500.95, "trend": 100.566667, "fair_value": 92.191987, "relative_strength": 45.387237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.137348, "energy": 62.803693, "activity_lines": [ 135.689997, 130.476362, 119.261666, 110.584408 ] }, { "date": "2023-11-17", "close": 143.949997, "volume": 15815413, "typical_volume": 17266282.85, "trend": 102.495, "fair_value": 92.640064, "relative_strength": 46.159187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.675046, "energy": 62.471225, "activity_lines": [ 138.679997, 133.919998, 122.528571, 113.383333 ] }, { "date": "2023-11-24", "close": 134.050003, "volume": 12241375, "typical_volume": 17479129.95, "trend": 104.035, "fair_value": 93.001923, "relative_strength": 34.249336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.442846, "energy": 53.615714, "activity_lines": [ 137.476665, 135.013635, 124.54738, 115.41914 ] }, { "date": "2023-12-01", "close": 137.899994, "volume": 15105320, "typical_volume": 16575952.1, "trend": 105.746667, "fair_value": 93.330449, "relative_strength": 33.633856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.044491, "energy": 49.96686, "activity_lines": [ 138.016664, 136.340907, 126.685237, 117.603978 ] }, { "date": "2023-12-08", "close": 141.399994, "volume": 14165885, "typical_volume": 16783517.1, "trend": 107.663333, "fair_value": 93.61891, "relative_strength": 31.32531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.831313, "energy": 50.449111, "activity_lines": [ 139.186663, 137.681815, 128.940951, 119.904193 ] }, { "date": "2023-12-15", "close": 146.199997, "volume": 17828714, "typical_volume": 17021497.0, "trend": 109.768333, "fair_value": 93.979167, "relative_strength": 31.559551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.771201, "energy": 50.808237, "activity_lines": [ 141.489996, 139.549088, 131.422379, 122.390429 ] }, { "date": "2023-12-22", "close": 137.449997, "volume": 9639415, "typical_volume": 16540769.6, "trend": 111.8, "fair_value": 94.264102, "relative_strength": 23.399005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.963003, "energy": 42.603256, "activity_lines": [ 140.406663, 139.478179, 132.841903, 124.176343 ] }, { "date": "2023-12-29", "close": 139.25, "volume": 6291043, "typical_volume": 16252690.6, "trend": 113.708333, "fair_value": 94.557692, "relative_strength": 22.16176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.09864, "energy": 41.228486, "activity_lines": [ 140.356664, 139.609088, 134.268093, 125.94731 ] }, { "date": "2024-01-05", "close": 144.350006, "volume": 14330539, "typical_volume": 16079393.75, "trend": 115.86, "fair_value": 94.875, "relative_strength": 25.907173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.625069, "energy": 41.854179, "activity_lines": [ 141.660001, 140.698181, 135.958808, 127.924193 ] }, { "date": "2024-01-12", "close": 161.600006, "volume": 43340525, "typical_volume": 17835992.35, "trend": 118.6, "fair_value": 95.309295, "relative_strength": 38.527541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.716752, "energy": 52.503596, "activity_lines": [ 148.283336, 144.66, 139.081904, 130.875161 ] }, { "date": "2024-01-19", "close": 162.25, "volume": 22310042, "typical_volume": 18628845.6, "trend": 121.378333, "fair_value": 95.75641, "relative_strength": 39.524481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.03932, "energy": 69.683888, "activity_lines": [ 153.776669, 148.245455, 141.969999, 133.69129 ] }, { "date": "2024-01-26", "close": 161.899994, "volume": 12622894, "typical_volume": 17759155.7, "trend": 124.113333, "fair_value": 96.233974, "relative_strength": 39.547577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.150423, "energy": 78.096771, "activity_lines": [ 158.083333, 151.347272, 144.539047, 136.305591 ] }, { "date": "2024-02-02", "close": 176.300003, "volume": 24543141, "typical_volume": 18212780.15, "trend": 127.255, "fair_value": 96.697756, "relative_strength": 46.557378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.289758, "energy": 87.224725, "activity_lines": [ 165.560001, 156.740909, 148.249999, 139.672472 ] }, { "date": "2024-02-09", "close": 175.75, "volume": 25097117, "typical_volume": 19140551.4, "trend": 130.025, "fair_value": 97.120192, "relative_strength": 44.716091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.083819, "energy": 82.455621, "activity_lines": [ 170.383333, 161.266364, 151.585238, 142.801182 ] }, { "date": "2024-02-16", "close": 174.399994, "volume": 10221525, "typical_volume": 17292236.9, "trend": 132.744999, "fair_value": 97.527244, "relative_strength": 40.172549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.651858, "energy": 71.89788, "activity_lines": [ 172.663331, 164.858181, 154.44857, 145.664085 ] }, { "date": "2024-02-23", "close": 178.949997, "volume": 9485263, "typical_volume": 16610095.75, "trend": 135.436666, "fair_value": 97.949359, "relative_strength": 40.918032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.096406, "energy": 62.587088, "activity_lines": [ 175.606664, 168.677272, 157.49738, 148.645053 ] }, { "date": "2024-03-01", "close": 186.850006, "volume": 15225642, "typical_volume": 16369630.75, "trend": 138.236666, "fair_value": 98.419231, "relative_strength": 44.347563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.245806, "energy": 61.766265, "activity_lines": [ 180.07, 173.337273, 161.051666, 151.962042 ] }, { "date": "2024-03-08", "close": 163.550003, "volume": 9755202, "typical_volume": 15711240.6, "trend": 140.594999, "fair_value": 98.766346, "relative_strength": 24.376741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.165156, "energy": 46.54271, "activity_lines": [ 175.103335, 172.862728, 162.118809, 153.595161 ] }, { "date": "2024-03-15", "close": 163.199997, "volume": 13863153, "typical_volume": 15674675.85, "trend": 142.696666, "fair_value": 99.151282, "relative_strength": 25.531959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.348255, "energy": 33.156988, "activity_lines": [ 170.87, 171.882727, 163.045, 155.053548 ] }, { "date": "2024-03-22", "close": 163.899994, "volume": 5821304, "typical_volume": 15534089.15, "trend": 144.851666, "fair_value": 99.591667, "relative_strength": 24.415285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.468855, "energy": 24.35231, "activity_lines": [ 167.706665, 170.687271, 163.879047, 156.421504 ] }, { "date": "2024-03-29", "close": 156.600006, "volume": 3310602, "typical_volume": 15050705.7, "trend": 146.663333, "fair_value": 99.950641, "relative_strength": 16.613646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.431443, "energy": 21.240371, "activity_lines": [ 162.810001, 168.122727, 163.877381, 157.179462 ] }, { "date": "2024-04-05", "close": 172.899994, "volume": 11030541, "typical_volume": 14811462.1, "trend": 148.636666, "fair_value": 100.4375, "relative_strength": 26.488211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.712998, "energy": 19.646099, "activity_lines": [ 164.836665, 168.624544, 165.344999, 158.87215 ] }, { "date": "2024-04-12", "close": 171.149994, "volume": 5048059, "typical_volume": 14451796.3, "trend": 150.728332, "fair_value": 100.949679, "relative_strength": 24.051277, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.536786, "energy": 17.641365, "activity_lines": [ 167.209997, 168.60818, 166.508094, 160.324622 ] }, { "date": "2024-04-19", "close": 173.300003, "volume": 6365426, "typical_volume": 14014801.6, "trend": 153.049999, "fair_value": 101.521795, "relative_strength": 26.554008, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.510866, "energy": 25.043858, "activity_lines": [ 169.793332, 169.076362, 167.699285, 161.780859 ] }, { "date": "2024-04-26", "close": 174.949997, "volume": 5096873, "typical_volume": 13561351.0, "trend": 154.803332, "fair_value": 102.114102, "relative_strength": 25.059871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.48575, "energy": 31.459646, "activity_lines": [ 172.253332, 169.889089, 168.879047, 163.193762 ] }, { "date": "2024-05-03", "close": 173.649994, "volume": 3644000, "typical_volume": 12852115.3, "trend": 156.354999, "fair_value": 102.721474, "relative_strength": 22.711429, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 50.524293, "energy": 31.913361, "activity_lines": [ 173.54333, 170.455452, 169.775237, 164.409676 ] }, { "date": "2024-05-10", "close": 166.25, "volume": 5573230, "typical_volume": 12648806.05, "trend": 157.544999, "fair_value": 103.2375, "relative_strength": 18.651243, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.766565, "energy": 23.09838, "activity_lines": [ 171.229998, 169.772725, 169.835951, 165.048063 ] }, { "date": "2024-05-17", "close": 180.949997, "volume": 7301611, "typical_volume": 12699334.45, "trend": 158.878332, "fair_value": 103.83782, "relative_strength": 25.454403, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 60.095409, "energy": 33.643151, "activity_lines": [ 174.259998, 172.13727, 171.159522, 166.558063 ] }, { "date": "2024-05-24", "close": 182.050003, "volume": 12806567, "typical_volume": 12623135.85, "trend": 160.618332, "fair_value": 104.407692, "relative_strength": 22.129352, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 58.984218, "energy": 34.59214, "activity_lines": [ 177.003333, 174.385453, 172.389284, 168.05301 ] }, { "date": "2024-05-31", "close": 183.350006, "volume": 8251742, "typical_volume": 10868696.7, "trend": 162.249999, "fair_value": 104.986859, "relative_strength": 23.965887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.382032, "energy": 39.59333, "activity_lines": [ 179.596668, 176.527273, 173.563333, 169.519569 ] }, { "date": "2024-06-07", "close": 207.600006, "volume": 31798199, "typical_volume": 11343104.55, "trend": 164.531666, "fair_value": 105.673718, "relative_strength": 33.973537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.196668, "energy": 70.131923, "activity_lines": [ 189.713337, 182.724547, 176.943333, 172.445376 ] }, { "date": "2024-06-14", "close": 223.75, "volume": 30300617, "typical_volume": 12226990.7, "trend": 167.191666, "fair_value": 106.470833, "relative_strength": 41.146756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.127408, "energy": 84.218479, "activity_lines": [ 202.950003, 190.93091, 181.645476, 176.265914 ] }, { "date": "2024-06-21", "close": 236.850006, "volume": 21789843, "typical_volume": 12089325.8, "trend": 170.618333, "fair_value": 107.319872, "relative_strength": 46.74068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.245431, "energy": 91.053912, "activity_lines": [ 216.720004, 200.594548, 187.300715, 180.76 ] }, { "date": "2024-06-28", "close": 224.559998, "volume": 13791465, "typical_volume": 11524043.2, "trend": 173.507, "fair_value": 108.040128, "relative_strength": 34.223119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.580491, "energy": 84.738589, "activity_lines": [ 222.666669, 206.829093, 191.497143, 184.240108 ] }, { "date": "2024-07-05", "close": 231.619995, "volume": 7268297, "typical_volume": 11376381.8, "trend": 176.514333, "fair_value": 108.788974, "relative_strength": 34.697949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.961166, "energy": 86.937683, "activity_lines": [ 228.132666, 213.415274, 196.133524, 187.989333 ] }, { "date": "2024-07-12", "close": 235.729996, "volume": 9116137, "typical_volume": 11357925.5, "trend": 179.498666, "fair_value": 109.61032, "relative_strength": 34.305732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.882227, "energy": 81.055396, "activity_lines": [ 231.750664, 219.718364, 200.888857, 191.809699 ] }, { "date": "2024-07-19", "close": 220.809998, "volume": 4284670, "typical_volume": 10810876.9, "trend": 182.277333, "fair_value": 110.356538, "relative_strength": 24.223244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.930325, "energy": 57.123938, "activity_lines": [ 228.519997, 222.179999, 203.952857, 194.474946 ] }, { "date": "2024-07-26", "close": 263.769989, "volume": 19529923, "typical_volume": 11299612.95, "trend": 186.427999, "fair_value": 111.35891, "relative_strength": 44.420501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.150299, "energy": 63.814595, "activity_lines": [ 239.805328, 231.460543, 210.94657, 199.732536 ] }, { "date": "2024-08-02", "close": 252.600006, "volume": 6126806, "typical_volume": 10912795.6, "trend": 190.036333, "fair_value": 112.317884, "relative_strength": 37.184584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.540221, "energy": 58.798872, "activity_lines": [ 245.572664, 237.204362, 216.399237, 204.001698 ] }, { "date": "2024-08-09", "close": 239.449997, "volume": 8268867, "typical_volume": 11035173.75, "trend": 192.631332, "fair_value": 113.180384, "relative_strength": 30.214273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.880312, "energy": 51.487329, "activity_lines": [ 245.087331, 239.274543, 220.173809, 207.189677 ] }, { "date": "2024-08-16", "close": 234.050003, "volume": 6125834, "typical_volume": 11175935.35, "trend": 195.024666, "fair_value": 114.043846, "relative_strength": 24.99137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.660244, "energy": 48.438271, "activity_lines": [ 242.28, 239.342908, 223.074333, 209.861849 ] }, { "date": "2024-08-23", "close": 232.75, "volume": 4270952, "typical_volume": 10837955.9, "trend": 197.386333, "fair_value": 114.903141, "relative_strength": 21.590389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.372513, "energy": 38.531206, "activity_lines": [ 239.151334, 238.693999, 225.482238, 212.295741 ] }, { "date": "2024-08-30", "close": 233.5, "volume": 6587712, "typical_volume": 10914938.55, "trend": 199.292999, "fair_value": 115.756346, "relative_strength": 18.804467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.811241, "energy": 26.290233, "activity_lines": [ 235.476667, 238.017817, 227.676571, 214.625655 ] }, { "date": "2024-09-06", "close": 271.119995, "volume": 31432348, "typical_volume": 12168284.65, "trend": 202.471999, "fair_value": 116.837243, "relative_strength": 38.308974, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.884338, "energy": 43.633929, "activity_lines": [ 246.359999, 244.242544, 233.156856, 219.259655 ] }, { "date": "2024-09-13", "close": 254.0, "volume": 11471797, "typical_volume": 12487030.85, "trend": 205.125333, "fair_value": 117.82891, "relative_strength": 25.574808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.762394, "energy": 40.832628, "activity_lines": [ 250.301999, 246.507999, 236.540856, 222.584042 ] }, { "date": "2024-09-20", "close": 235.660004, "volume": 4696118, "typical_volume": 12539636.75, "trend": 207.015666, "fair_value": 118.716795, "relative_strength": 13.48662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.819638, "energy": 37.140722, "activity_lines": [ 247.160667, 245.032, 237.801762, 224.554021 ] }, { "date": "2024-09-27", "close": 231.910004, "volume": 6644334, "typical_volume": 12593191.95, "trend": 208.517666, "fair_value": 119.575513, "relative_strength": 9.339069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.288731, "energy": 30.145769, "activity_lines": [ 242.662002, 242.875455, 238.410238, 226.160107 ] }, { "date": "2024-10-04", "close": 243.529999, "volume": 11326446, "typical_volume": 12794433.7, "trend": 211.183666, "fair_value": 120.392372, "relative_strength": 19.236922, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.648472, "energy": 21.213191, "activity_lines": [ 242.092668, 242.629819, 239.812714, 228.418968 ] }, { "date": "2024-10-11", "close": 251.639999, "volume": 11572329, "typical_volume": 12732721.8, "trend": 214.131666, "fair_value": 121.255769, "relative_strength": 22.455338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.433296, "energy": 21.187576, "activity_lines": [ 243.558001, 244.226728, 241.689571, 231.029054 ] }, { "date": "2024-10-18", "close": 247.059998, "volume": 20458283, "typical_volume": 13343048.85, "trend": 216.903666, "fair_value": 122.117051, "relative_strength": 19.994891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.023749, "energy": 20.885462, "activity_lines": [ 244.795333, 245.008364, 242.798857, 233.153462 ] }, { "date": "2024-10-25", "close": 215.789993, "volume": 5978117, "typical_volume": 12052044.75, "trend": 218.876666, "fair_value": 122.829166, "relative_strength": 7.201115, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.577679, "energy": 4.993009, "activity_lines": [ 236.071997, 239.96618, 240.626666, 233.081612 ] }, { "date": "2024-11-01", "close": 245.580002, "volume": 7577265, "typical_volume": 10915877.15, "trend": 221.299333, "fair_value": 123.712692, "relative_strength": 20.512797, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.268223, "energy": 12.320328, "activity_lines": [ 238.603332, 240.672363, 241.252618, 234.804408 ] }, { "date": "2024-11-08", "close": 235.770004, "volume": 6036750, "typical_volume": 10128222.5, "trend": 223.453333, "fair_value": 124.528846, "relative_strength": 15.756571, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.829276, "energy": 11.291693, "activity_lines": [ 236.953333, 239.361636, 240.840333, 235.738 ] }, { "date": "2024-11-15", "close": 229.729996, "volume": 12009996, "typical_volume": 10039149.05, "trend": 225.334333, "fair_value": 125.33609, "relative_strength": 15.093819, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.001173, "energy": 11.452705, "activity_lines": [ 233.807332, 236.911454, 239.857952, 236.142946 ] }, { "date": "2024-11-22", "close": 231.309998, "volume": 7608615, "typical_volume": 10056164.95, "trend": 227.213, "fair_value": 126.189679, "relative_strength": 13.323878, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.149236, "energy": 8.070344, "activity_lines": [ 232.648666, 235.50109, 239.001428, 236.528472 ] }, { "date": "2024-11-29", "close": 249.470001, "volume": 16370333, "typical_volume": 10418874.75, "trend": 229.740333, "fair_value": 127.145256, "relative_strength": 20.130772, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.464264, "energy": 12.701334, "activity_lines": [ 238.593333, 237.80509, 239.875904, 237.964408 ] }, { "date": "2024-12-06", "close": 277.329987, "volume": 17895606, "typical_volume": 11099421.55, "trend": 233.442999, "fair_value": 128.300256, "relative_strength": 29.289403, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.063602, "energy": 44.056138, "activity_lines": [ 251.579329, 244.923451, 243.338284, 241.034708 ] }, { "date": "2024-12-13", "close": 295.100006, "volume": 20035347, "typical_volume": 11124692.75, "trend": 237.248, "fair_value": 129.594166, "relative_strength": 35.541422, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.988513, "energy": 70.594895, "activity_lines": [ 268.371998, 254.446908, 248.223904, 245.01258 ] }, { "date": "2024-12-20", "close": 290.01001, "volume": 16249958, "typical_volume": 11630850.35, "trend": 240.846667, "fair_value": 130.861538, "relative_strength": 38.10221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.592686, "energy": 75.822807, "activity_lines": [ 279.512669, 262.107273, 252.475571, 248.41658 ] }, { "date": "2024-12-27", "close": 293.779999, "volume": 8840225, "typical_volume": 11659418.25, "trend": 244.527666, "fair_value": 132.100192, "relative_strength": 36.818144, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.673407, "energy": 79.273766, "activity_lines": [ 287.891335, 269.755455, 256.908143, 251.831634 ] }, { "date": "2025-01-03", "close": 305.399994, "volume": 16146391, "typical_volume": 12160446.1, "trend": 247.787666, "fair_value": 133.39923, "relative_strength": 39.291662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.211496, "energy": 82.881259, "activity_lines": [ 295.978666, 278.666909, 262.188666, 255.758881 ] }, { "date": "2025-01-10", "close": 271.600006, "volume": 15828671, "typical_volume": 12738332.05, "trend": 249.382666, "fair_value": 134.47391, "relative_strength": 25.791112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.776359, "energy": 61.420801, "activity_lines": [ 289.070669, 279.803637, 263.910381, 257.295161 ] }, { "date": "2025-01-17", "close": 290.350006, "volume": 13824760, "typical_volume": 13100184.45, "trend": 251.165999, "fair_value": 135.708205, "relative_strength": 34.393213, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.699706, "energy": 46.699334, "activity_lines": [ 288.79467, 283.876365, 267.23281, 259.938215 ] }, { "date": "2025-01-24", "close": 257.600006, "volume": 7978387, "typical_volume": 11927486.4, "trend": 252.267333, "fair_value": 136.745384, "relative_strength": 18.92981, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.514919, "energy": 27.273182, "activity_lines": [ 277.918671, 281.002185, 267.165477, 260.353312 ] }, { "date": "2025-01-31", "close": 257.799988, "volume": 8591211, "typical_volume": 11783457.1, "trend": 253.139999, "fair_value": 137.770064, "relative_strength": 16.224119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.36095, "energy": 21.786115, "activity_lines": [ 269.269999, 277.657637, 267.181571, 260.710258 ] }, { "date": "2025-02-07", "close": 249.100006, "volume": 9218971, "typical_volume": 12009599.75, "trend": 253.585666, "fair_value": 138.763013, "relative_strength": 11.487071, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.584535, "energy": 17.472498, "activity_lines": [ 260.120001, 272.249638, 266.351001, 260.449613 ] }, { "date": "2025-02-14", "close": 207.550003, "volume": 11538378, "typical_volume": 12254301.95, "trend": 253.143667, "fair_value": 139.471346, "relative_strength": -4.773901, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.434285, "energy": 38.162972, "activity_lines": [ 240.873335, 259.29382, 261.499287, 257.47957 ] }, { "date": "2025-02-21", "close": 195.600006, "volume": 13412683, "typical_volume": 12358613.8, "trend": 250.871334, "fair_value": 140.138974, "relative_strength": -9.827356, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.14798, "energy": 61.118168, "activity_lines": [ 221.913336, 245.434002, 255.625478, 253.767076 ] }, { "date": "2025-02-28", "close": 172.149994, "volume": 9495761, "typical_volume": 12254785.4, "trend": 248.189667, "fair_value": 140.663974, "relative_strength": -18.133776, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.002357, "energy": 78.167123, "activity_lines": [ 201.453334, 229.119637, 247.746572, 248.68828 ] }, { "date": "2025-03-07", "close": 189.410004, "volume": 15421684, "typical_volume": 12002955.45, "trend": 246.521667, "fair_value": 141.294487, "relative_strength": -11.835537, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.888626, "energy": 84.134425, "activity_lines": [ 192.443335, 218.086365, 241.890001, 244.896044 ] }, { "date": "2025-03-14", "close": 172.119995, "volume": 9054598, "typical_volume": 12156779.5, "trend": 244.457333, "fair_value": 141.81032, "relative_strength": -19.372666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.94006, "energy": 87.824305, "activity_lines": [ 182.229333, 205.807091, 234.661286, 240.095936 ] }, { "date": "2025-03-21", "close": 192.429993, "volume": 17194630, "typical_volume": 12637647.75, "trend": 243.113333, "fair_value": 142.470128, "relative_strength": -13.681865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.397889, "energy": 78.276639, "activity_lines": [ 183.91733, 199.643817, 229.574809, 236.739333 ] }, { "date": "2025-03-28", "close": 192.509995, "volume": 16287968, "typical_volume": 13150208.65, "trend": 241.747, "fair_value": 143.130769, "relative_strength": -14.468078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.116434, "energy": 54.406267, "activity_lines": [ 186.639996, 194.934543, 224.749047, 233.474602 ] }, { "date": "2025-04-04", "close": 192.199997, "volume": 5945865, "typical_volume": 12847002.1, "trend": 239.116333, "fair_value": 143.766987, "relative_strength": -12.438504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.207781, "energy": 49.173301, "activity_lines": [ 189.465329, 191.947816, 220.099761, 230.278021 ] }, { "date": "2025-04-11", "close": 186.490005, "volume": 4656322, "typical_volume": 12699387.45, "trend": 236.866, "fair_value": 144.378782, "relative_strength": -14.854591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.518059, "energy": 44.957266, "activity_lines": [ 189.050665, 189.111999, 215.085381, 226.882774 ] }, { "date": "2025-04-18", "close": 194.289993, "volume": 4884445, "typical_volume": 12125093.05, "trend": 235.487, "fair_value": 145.047628, "relative_strength": -15.152926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.72672, "energy": 38.326991, "activity_lines": [ 191.430664, 188.990907, 211.027285, 224.135935 ] }, { "date": "2025-04-25", "close": 190.470001, "volume": 9861229, "typical_volume": 11723374.2, "trend": 234.105666, "fair_value": 145.714423, "relative_strength": -17.490413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.88325, "energy": 36.909203, "activity_lines": [ 191.059332, 189.171816, 206.868142, 221.231612 ] }, { "date": "2025-05-02", "close": 181.619995, "volume": 4683032, "typical_volume": 10955758.45, "trend": 232.041999, "fair_value": 146.363589, "relative_strength": -22.27588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.195136, "energy": 44.14208, "activity_lines": [ 187.868664, 188.054179, 202.279761, 217.84544 ] }, { "date": "2025-05-09", "close": 176.149994, "volume": 5734912, "typical_volume": 10430006.15, "trend": 229.525666, "fair_value": 147.023205, "relative_strength": -23.522509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.84665, "energy": 47.714029, "activity_lines": [ 183.580663, 186.196179, 197.710808, 214.239504 ] }, { "date": "2025-05-16", "close": 198.470001, "volume": 5873979, "typical_volume": 10281693.85, "trend": 227.905999, "fair_value": 147.82141, "relative_strength": -17.296462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.239375, "energy": 41.683536, "activity_lines": [ 187.802664, 188.323634, 195.80976, 212.235913 ] }, { "date": "2025-05-23", "close": 211.179993, "volume": 12646621, "typical_volume": 10106705.35, "trend": 227.752333, "fair_value": 148.71423, "relative_strength": -11.510679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.447269, "energy": 26.949668, "activity_lines": [ 195.462663, 192.597269, 195.573045, 211.156816 ] }, { "date": "2025-05-30", "close": 220.080002, "volume": 12996464, "typical_volume": 9965095.0, "trend": 226.902333, "fair_value": 149.576282, "relative_strength": -7.539281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.846929, "energy": 14.327793, "activity_lines": [ 204.963331, 197.778907, 196.632617, 210.661827 ] }, { "date": "2025-06-06", "close": 223.139999, "volume": 9737462, "typical_volume": 9760730.1, "trend": 226.481332, "fair_value": 150.481987, "relative_strength": -7.201888, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.536437, "energy": 26.320915, "activity_lines": [ 213.509999, 203.01418, 198.22895, 210.419095 ] }, { "date": "2025-06-13", "close": 206.240005, "volume": 7548728, "typical_volume": 9739247.15, "trend": 225.698333, "fair_value": 151.325513, "relative_strength": -13.035916, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.800557, "energy": 23.838461, "activity_lines": [ 213.655334, 204.619817, 198.535808, 209.113203 ] }, { "date": "2025-06-20", "close": 201.720001, "volume": 6622078, "typical_volume": 9640790.5, "trend": 224.711999, "fair_value": 152.157372, "relative_strength": -15.930986, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.611431, "energy": 19.007205, "activity_lines": [ 210.288001, 205.148363, 198.656761, 207.566214 ] }, { "date": "2025-06-27", "close": 212.710007, "volume": 4697485, "typical_volume": 9414716.2, "trend": 223.486666, "fair_value": 153.054231, "relative_strength": -12.982576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.332924, "energy": 12.2928, "activity_lines": [ 210.367337, 207.398183, 200.091428, 206.791892 ] }, { "date": "2025-07-04", "close": 210.75, "volume": 3985271, "typical_volume": 9037060.85, "trend": 221.267333, "fair_value": 153.916089, "relative_strength": -12.96717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.933038, "energy": 6.682194, "activity_lines": [ 209.691336, 208.956729, 201.512714, 205.970172 ] }, { "date": "2025-07-11", "close": 205.130005, "volume": 4389465, "typical_volume": 8585899.95, "trend": 218.268333, "fair_value": 154.754102, "relative_strength": -13.985291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.959723, "energy": 11.10341, "activity_lines": [ 207.764004, 209.124729, 202.383524, 204.929054 ] }, { "date": "2025-07-18", "close": 206.320007, "volume": 3158921, "typical_volume": 8269057.95, "trend": 215.478667, "fair_value": 155.591731, "relative_strength": -12.726963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.495013, "energy": 11.107199, "activity_lines": [ 207.434005, 209.08164, 203.322287, 204.158194 ] }, { "date": "2025-07-25", "close": 201.529999, "volume": 2671820, "typical_volume": 7631564.75, "trend": 212.403667, "fair_value": 156.40282, "relative_strength": -13.863556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.93807, "energy": 11.228882, "activity_lines": [ 205.502003, 207.619094, 203.642144, 203.25828 ] }, { "date": "2025-08-01", "close": 197.479996, "volume": 2511617, "typical_volume": 7304415.7, "trend": 208.806333, "fair_value": 157.192756, "relative_strength": -14.279633, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.373083, "energy": 18.854006, "activity_lines": [ 202.232667, 205.364547, 203.518572, 202.295462 ] }, { "date": "2025-08-08", "close": 192.050003, "volume": 2610056, "typical_volume": 6575187.0, "trend": 206.154667, "fair_value": 157.929295, "relative_strength": -15.608902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.579688, "energy": 30.126998, "activity_lines": [ 198.168668, 202.37182, 202.757096, 201.214409 ] }, { "date": "2025-08-15", "close": 177.550003, "volume": 6224719, "typical_volume": 6072024.55, "trend": 202.394667, "fair_value": 158.57, "relative_strength": -22.457647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.561918, "energy": 62.213615, "activity_lines": [ 190.518001, 197.252366, 200.616477, 199.368947 ] }, { "date": "2025-08-22", "close": 182.220001, "volume": 3912361, "typical_volume": 5970349.35, "trend": 199.882, "fair_value": 159.229102, "relative_strength": -20.846636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.628067, "energy": 67.920311, "activity_lines": [ 186.262668, 193.810911, 198.991858, 198.067355 ] }, { "date": "2025-08-29", "close": 172.779999, "volume": 2220949, "typical_volume": 5848580.7, "trend": 197.048, "fair_value": 159.791154, "relative_strength": -23.237758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.068834, "energy": 77.367528, "activity_lines": [ 180.467334, 189.089819, 196.515715, 196.318839 ] }, { "date": "2025-09-05", "close": 185.639999, "volume": 5454431, "typical_volume": 5877080.0, "trend": 194.932666, "fair_value": 160.395256, "relative_strength": -17.988636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -36.903539, "energy": 62.352186, "activity_lines": [ 180.875334, 187.233092, 195.32962, 195.582839 ] }, { "date": "2025-09-12", "close": 186.300003, "volume": 2229210, "typical_volume": 5495479.05, "trend": 194.224333, "fair_value": 161.043013, "relative_strength": -18.474083, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.12828, "energy": 51.493147, "activity_lines": [ 182.292668, 185.988546, 194.247573, 195.025893 ] }, { "date": "2025-09-19", "close": 194.800003, "volume": 3526573, "typical_volume": 5437656.1, "trend": 194.197666, "fair_value": 161.777308, "relative_strength": -15.212415, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.55272, "energy": 22.54808, "activity_lines": [ 186.926668, 186.734001, 193.994906, 195.063033 ] }, { "date": "2025-09-26", "close": 190.970001, "volume": 3394645, "typical_volume": 5320642.75, "trend": 194.825, "fair_value": 162.500192, "relative_strength": -14.410761, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.686754, "energy": 11.492144, "activity_lines": [ 189.134002, 186.97091, 193.314716, 194.854797 ] }, { "date": "2025-10-03", "close": 188.779999, "volume": 2096076, "typical_volume": 5131747.6, "trend": 194.804, "fair_value": 163.1975, "relative_strength": -15.821454, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -34.057009, "energy": 21.461602, "activity_lines": [ 190.028001, 187.088728, 192.355382, 194.464797 ] }, { "date": "2025-10-10", "close": 192.619995, "volume": 3675172, "typical_volume": 4683175.15, "trend": 195.487333, "fair_value": 163.945705, "relative_strength": -14.990869, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.866757, "energy": 21.016719, "activity_lines": [ 191.135332, 188.136545, 191.807905, 194.323893 ] }, { "date": "2025-10-17", "close": 190.289993, "volume": 2809461, "typical_volume": 4173825.0, "trend": 195.416, "fair_value": 164.691474, "relative_strength": -16.953299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.521857, "energy": 16.460631, "activity_lines": [ 191.000663, 188.849089, 191.126905, 193.988581 ] }, { "date": "2025-10-24", "close": 189.389999, "volume": 1635104, "typical_volume": 3768707.1, "trend": 195.312, "fair_value": 165.431474, "relative_strength": -17.337235, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.178501, "energy": 15.000951, "activity_lines": [ 190.299997, 189.429998, 190.502047, 193.599806 ] }, { "date": "2025-10-31", "close": 205.660004, "volume": 5919938, "typical_volume": 3687267.6, "trend": 195.760667, "fair_value": 166.275128, "relative_strength": -9.56804, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.715685, "energy": 11.522296, "activity_lines": [ 195.383332, 192.753817, 191.587429, 194.26742 ] }, { "date": "2025-11-07", "close": 198.919998, "volume": 6099806, "typical_volume": 3661154.0, "trend": 196.175, "fair_value": 167.070449, "relative_strength": -11.365324, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.488793, "energy": 16.244888, "activity_lines": [ 197.240666, 194.425999, 192.033666, 194.471247 ] }, { "date": "2025-11-14", "close": 198.800003, "volume": 3636203, "typical_volume": 3608089.9, "trend": 196.325334, "fair_value": 167.881025, "relative_strength": -12.447386, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.771929, "energy": 21.885937, "activity_lines": [ 198.382001, 195.601091, 192.481809, 194.640602 ] }, { "date": "2025-11-21", "close": 178.529999, "volume": 4831680, "typical_volume": 3650410.35, "trend": 195.927334, "fair_value": 168.548846, "relative_strength": -21.363479, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.013617, "energy": 20.895072, "activity_lines": [ 192.354667, 192.851454, 191.065714, 193.492516 ] }, { "date": "2025-11-28", "close": 177.759995, "volume": 6085976, "typical_volume": 3735235.9, "trend": 195.798667, "fair_value": 169.166218, "relative_strength": -21.489288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.344944, "energy": 35.922863, "activity_lines": [ 186.854665, 190.10309, 189.729714, 192.32043 ] }, { "date": "2025-12-05", "close": 160.580002, "volume": 3290650, "typical_volume": 3741822.35, "trend": 195.279667, "fair_value": 169.662884, "relative_strength": -28.216729, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -78.929683, "energy": 75.34169, "activity_lines": [ 176.403333, 184.540908, 186.887857, 190.048258 ] }, { "date": "2025-12-12", "close": 165.449997, "volume": 18135512, "typical_volume": 4515006.95, "trend": 194.179, "fair_value": 170.196538, "relative_strength": -24.70072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.488304, "energy": 78.598124, "activity_lines": [ 170.580665, 180.416726, 184.727618, 188.123763 ] }, { "date": "2025-12-19", "close": 172.649994, "volume": 5555526, "typical_volume": 4667202.4, "trend": 192.894667, "fair_value": 170.794615, "relative_strength": -20.152375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.885458, "energy": 75.174379, "activity_lines": [ 169.38933, 178.025816, 183.424903, 186.734795 ] }, { "date": "2025-12-26", "close": 170.410004, "volume": 2389331, "typical_volume": 4656166.15, "trend": 191.239, "fair_value": 171.312308, "relative_strength": -20.352433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.041251, "energy": 73.843177, "activity_lines": [ 169.194666, 175.590726, 182.027094, 185.284172 ] }, { "date": "2026-01-02", "close": 169.360001, "volume": 2179079, "typical_volume": 4453884.15, "trend": 189.446334, "fair_value": 171.847308, "relative_strength": -20.533815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.57271, "energy": 51.966585, "activity_lines": [ 169.191333, 173.326181, 180.632333, 183.872623 ] }, { "date": "2026-01-09", "close": 162.080002, "volume": 2397374, "typical_volume": 4378134.8, "trend": 187.974334, "fair_value": 172.320256, "relative_strength": -21.048613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.105358, "energy": 49.548001, "activity_lines": [ 167.321334, 170.102182, 178.583238, 182.107054 ] }, { "date": "2026-01-16", "close": 150.160004, "volume": 4897748, "typical_volume": 4511974.75, "trend": 186.255667, "fair_value": 172.716474, "relative_strength": -25.694177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.72292, "energy": 61.588193, "activity_lines": [ 161.378002, 165.503273, 175.494809, 179.667419 ] }, { "date": "2026-01-23", "close": 146.0, "volume": 5144793, "typical_volume": 4496492.85, "trend": 184.032, "fair_value": 173.121282, "relative_strength": -24.912391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.160674, "energy": 75.807048, "activity_lines": [ 155.067335, 161.034546, 172.117905, 177.07028 ] }, { "date": "2026-01-30", "close": 148.970001, "volume": 3306820, "typical_volume": 4550373.35, "trend": 181.972667, "fair_value": 173.575897, "relative_strength": -23.241355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.087562, "energy": 81.006314, "activity_lines": [ 151.523335, 158.065819, 169.212619, 174.808215 ] }, { "date": "2026-02-06", "close": 155.179993, "volume": 3914744, "typical_volume": 4569781.9, "trend": 180.307667, "fair_value": 174.068718, "relative_strength": -20.295922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.676747, "energy": 76.528309, "activity_lines": [ 151.478665, 156.763636, 167.076523, 173.079655 ] }, { "date": "2026-02-13", "close": 151.610001, "volume": 4255975, "typical_volume": 4612848.4, "trend": 178.484, "fair_value": 174.546666, "relative_strength": -20.826227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.938271, "energy": 59.385215, "activity_lines": [ 151.189332, 155.222909, 164.789095, 171.228193 ] }, { "date": "2026-02-20", "close": 142.910004, "volume": 4701722, "typical_volume": 4743130.7, "trend": 176.53, "fair_value": 174.980064, "relative_strength": -25.088537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.756912, "energy": 58.050766, "activity_lines": [ 148.698, 152.263455, 161.860524, 168.933097 ] }, { "date": "2026-02-27", "close": 130.020004, "volume": 10428713, "typical_volume": 5080807.75, "trend": 174.281333, "fair_value": 175.325705, "relative_strength": -30.312489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.239037, "energy": 64.197033, "activity_lines": [ 142.393335, 147.370183, 157.922762, 165.932452 ] }, { "date": "2026-03-06", "close": 120.449997, "volume": 5612931, "typical_volume": 5220981.25, "trend": 171.894667, "fair_value": 175.584038, "relative_strength": -32.914518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.270706, "energy": 89.599619, "activity_lines": [ 133.964001, 141.512, 153.371667, 162.459462 ] }, { "date": "2026-03-13", "close": 115.919998, "volume": 6731593, "typical_volume": 5475805.7, "trend": 169.840333, "fair_value": 175.840897, "relative_strength": -31.332441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.188656, "energy": 92.985744, "activity_lines": [ 125.926, 135.738545, 148.721714, 158.848193 ] }, { "date": "2026-03-20", "close": 113.730003, "volume": 7036079, "typical_volume": 5531612.75, "trend": 167.557333, "fair_value": 176.095577, "relative_strength": -31.926892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.054148, "energy": 92.188671, "activity_lines": [ 119.775334, 130.538546, 144.213048, 155.228172 ] }, { "date": "2026-03-27", "close": 109.260002, "volume": 6875179, "typical_volume": 5570381.4, "trend": 165.44, "fair_value": 176.321602, "relative_strength": -33.153068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.060064, "energy": 92.073581, "activity_lines": [ 114.660001, 125.40491, 139.716429, 151.467054 ] }, { "date": "2026-04-03", "close": 111.919998, "volume": 5515120, "typical_volume": 5664327.25, "trend": 162.982667, "fair_value": 176.506025, "relative_strength": -30.55877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.682838, "energy": 84.15119, "activity_lines": [ 112.674667, 121.498546, 135.900096, 148.014151 ] }, { "date": "2026-04-10", "close": 124.870003, "volume": 7496975, "typical_volume": 5797592.0, "trend": 160.935, "fair_value": 176.765128, "relative_strength": -26.237332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.445454, "energy": 64.44476, "activity_lines": [ 116.212668, 120.566364, 133.73081, 145.555269 ] }, { "date": "2026-04-17", "close": 138.820007, "volume": 13013287, "typical_volume": 6143957.55, "trend": 159.069, "fair_value": 177.103077, "relative_strength": -18.472204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.250382, "energy": 45.254726, "activity_lines": [ 124.106003, 122.608729, 133.14562, 144.128495 ] }, { "date": "2026-04-24", "close": 133.050003, "volume": 7740889, "typical_volume": 6366469.5, "trend": 157.138333, "fair_value": 177.39282, "relative_strength": -19.851859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.32679, "energy": 30.027905, "activity_lines": [ 128.549337, 123.899457, 132.196335, 142.44985 ] }, { "date": "2026-05-01", "close": 134.25, "volume": 5266966, "typical_volume": 5723042.2, "trend": 155.320667, "fair_value": 177.69859, "relative_strength": -19.046577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.038747, "energy": 29.570624, "activity_lines": [ 132.104669, 125.74582, 131.49243, 140.973184 ] }, { "date": "2026-05-08", "close": 137.210007, "volume": 5554382, "typical_volume": 5722985.0, "trend": 153.473667, "fair_value": 178.04032, "relative_strength": -17.491363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.684366, "energy": 28.588808, "activity_lines": [ 134.980671, 128.287821, 131.219002, 139.804754 ] }, { "date": "2026-05-15", "close": 128.089996, "volume": 4225422, "typical_volume": 5814789.55, "trend": 151.400334, "fair_value": 178.329038, "relative_strength": -20.682574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.794241, "energy": 22.270417, "activity_lines": [ 133.130668, 129.040911, 130.245763, 138.167098 ] }, { "date": "2026-05-22", "close": 123.440002, "volume": 4629383, "typical_volume": 5937304.75, "trend": 149.202001, "fair_value": 178.629936, "relative_strength": -23.093247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.410912, "energy": 24.038555, "activity_lines": [ 129.516001, 128.809638, 129.031192, 136.363205 ] }, { "date": "2026-05-29", "close": 122.389999, "volume": 3742455, "typical_volume": 6004558.8, "trend": 146.426334, "fair_value": 178.888846, "relative_strength": -22.376955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.866456, "energy": 33.508109, "activity_lines": [ 126.576667, 128.250729, 127.935287, 134.633399 ] }, { "date": "2026-06-05", "close": 122.360001, "volume": 715476, "typical_volume": 5795445.2, "trend": 143.874334, "fair_value": 179.161667, "relative_strength": -20.95746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.199936, "energy": 40.617188, "activity_lines": [ 124.338, 127.52891, 127.025525, 133.080732 ] }, { "date": "2026-06-12", "close": 123.059998, "volume": 1136082, "typical_volume": 5595009.65, "trend": 141.349667, "fair_value": 179.441538, "relative_strength": -20.645477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.380994, "energy": 46.610625, "activity_lines": [ 123.125333, 126.696182, 126.314811, 131.737872 ] }, { "date": "2026-06-19", "close": 135.160004, "volume": 1386232, "typical_volume": 5498980.25, "trend": 139.904001, "fair_value": 179.802179, "relative_strength": -13.650988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.200187, "energy": 22.445591, "activity_lines": [ 126.889334, 127.86091, 126.865716, 131.338539 ] }, { "date": "2026-06-26", "close": 131.029999, "volume": 0, "typical_volume": 5303243.05, "trend": 138.346334, "fair_value": 180.130256, "relative_strength": -15.730275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.924235, "energy": 13.212536, "activity_lines": [ 128.805334, 128.087637, 127.089049, 130.766023 ] }, { "date": "2026-07-03", "close": 132.050003, "volume": 457825, "typical_volume": 5113335.55, "trend": 137.395334, "fair_value": 180.450769, "relative_strength": -15.109596, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.43052, "energy": 11.081359, "activity_lines": [ 130.555335, 128.641455, 127.524525, 130.359808 ] }, { "date": "2026-07-10", "close": 131.589996, "volume": 3281565, "typical_volume": 5042327.7, "trend": 136.266667, "fair_value": 180.700384, "relative_strength": -14.483831, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.617193, "energy": 15.983317, "activity_lines": [ 131.508, 129.129818, 128.009334, 129.98527 ] }, { "date": "2026-07-17", "close": 123.93, "volume": 2847654, "typical_volume": 4663274.75, "trend": 134.642668, "fair_value": 180.899936, "relative_strength": -19.107603, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.078826, "energy": 12.611288, "activity_lines": [ 129.292, 128.273818, 127.818524, 129.189356 ] }, { "date": "2026-07-24", "close": 120.870003, "volume": 2816899, "typical_volume": 4523473.15, "trend": 132.991334, "fair_value": 181.045256, "relative_strength": -18.469068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.289753, "energy": 28.451219, "activity_lines": [ 125.998001, 127.10291, 127.365287, 128.300797 ] }, { "date": "2026-07-31", "close": 121.089996, "volume": 2390469, "typical_volume": 4306416.95, "trend": 131.382334, "fair_value": 181.162179, "relative_strength": -19.623141, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.063913, "energy": 46.312383, "activity_lines": [ 123.729999, 126.103272, 126.931, 127.532968 ] }, { "date": "2026-08-07", "close": 118.330002, "volume": 4103978, "typical_volume": 4159811.9, "trend": 129.924001, "fair_value": 181.325833, "relative_strength": -21.301876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.042527, "energy": 62.79181, "activity_lines": [ 121.204667, 124.644546, 126.209239, 126.690882 ] } ], "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." } } }