{ "ticker": { "uuid": "1f6d4cb2-508b-4868-90a0-ae13a2009413", "symbol": "NXS", "name": "Nexans S.A.", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 48.734, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -21.205, "architecture_energy": 34.218, "architecture_maturity": 4.095, "architecture_confidence": 61.459, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 36.78, "rotation_up": 15.0, "upward_expansion": 24.51, "deceleration": 55.85, "rotation_down": 63.26, "downward_expansion": 45.18 }, "activity_lines": [ 135.413337, 137.914548, 143.098307, 140.100295 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 139.600006, "trend_reference": 136.037955, "distance_from_trend": 0.026184, "trend_direction": "Improving", "fair_value": 106.53263, "distance_from_fair_value": 0.310397, "fair_value_direction": "Weakening", "relative_strength": -1.574521, "relative_strength_direction": "Weakening", "price_momentum": 0.016828, "excess_performance": -0.047811, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.026184, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050099, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.310397, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.281995, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.015745, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.314852, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.016828, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.947648, "read": "Supply-led" } ], "volume": { "latest": 4651, "relative_activity": 3.3288, "balance": 0.947648, "dry_up": 1.667979, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.065494, "annualized_volatility": 0.417792, "from_high_reference": -0.151834, "from_low_reference": 0.292296 }, "levels": { "trend_reference": 136.037955, "fair_value_reference": 106.53263, "structural_low": 108.024769, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.017252, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.033904, "regime_survival": 0.4, "best_return": 0.266576, "worst_return": -0.081749, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.146936, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.073367, "regime_survival": 0.0, "best_return": 0.243572, "worst_return": -0.064186, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.032317, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.219655, "regime_survival": 0.333333, "best_return": 0.157645, "worst_return": -0.059904, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.140123, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.097275, "regime_survival": 0.0, "best_return": 0.191949, "worst_return": 0.088298, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2025-01-10", "tenure": "Developing", "return": -0.124651, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-05-16", "tenure": "Established", "return": 0.069574, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.032587, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.039139, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-10-10", "tenure": "Established", "return": 0.144928, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2026-01-09", "tenure": "Established", "return": 0.040597, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": 0.129241, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": -0.126362, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.148376, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.010791, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-26", "tenure": "Developing", "return": -0.101175, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.046176, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 68.520073, "volume": 352, "typical_volume": 269.7, "trend": 76.55826, "fair_value": 68.629029, "relative_strength": -18.444591, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.673212, "energy": 28.38008, "activity_lines": [ 71.666438, 72.434778, 71.943278, 73.402194 ] }, { "date": "2023-08-25", "close": 70.441643, "volume": 22, "typical_volume": 267.45, "trend": 75.956376, "fair_value": 68.72503, "relative_strength": -15.821737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.831736, "energy": 28.005827, "activity_lines": [ 70.932184, 71.998486, 71.801495, 73.007574 ] }, { "date": "2023-09-01", "close": 70.863441, "volume": 29, "typical_volume": 249.1, "trend": 75.250068, "fair_value": 68.823735, "relative_strength": -15.829674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.842266, "energy": 31.687959, "activity_lines": [ 70.666601, 71.748811, 71.720332, 72.678998 ] }, { "date": "2023-09-08", "close": 67.629601, "volume": 60, "typical_volume": 242.85, "trend": 74.557487, "fair_value": 68.90171, "relative_strength": -18.432705, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.865457, "energy": 50.966912, "activity_lines": [ 69.454301, 70.883896, 71.353964, 72.187355 ] }, { "date": "2023-09-15", "close": 72.691277, "volume": 180, "typical_volume": 231.95, "trend": 74.050338, "fair_value": 69.012132, "relative_strength": -12.474562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.666191, "energy": 27.166841, "activity_lines": [ 70.397898, 71.042394, 71.501113, 72.066954 ] }, { "date": "2023-09-22", "close": 69.738625, "volume": 139, "typical_volume": 234.7, "trend": 73.572365, "fair_value": 69.103626, "relative_strength": -13.422238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.821849, "energy": 28.546211, "activity_lines": [ 70.301037, 70.660637, 71.354659, 71.788779 ] }, { "date": "2023-09-29", "close": 70.67598, "volume": 137, "typical_volume": 238.55, "trend": 73.119561, "fair_value": 69.201129, "relative_strength": -10.513766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.011085, "energy": 24.731243, "activity_lines": [ 70.435392, 70.518332, 71.293062, 71.601915 ] }, { "date": "2023-10-06", "close": 68.75441, "volume": 10, "typical_volume": 238.1, "trend": 72.482702, "fair_value": 69.286314, "relative_strength": -11.227772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.061171, "energy": 25.002104, "activity_lines": [ 69.9136, 70.111863, 71.041317, 71.320293 ] }, { "date": "2023-10-13", "close": 62.942863, "volume": 339, "typical_volume": 243.35, "trend": 71.87694, "fair_value": 69.334246, "relative_strength": -17.647429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.766879, "energy": 59.37834, "activity_lines": [ 67.595228, 68.722886, 70.25283, 70.704819 ] }, { "date": "2023-10-20", "close": 61.724308, "volume": 170, "typical_volume": 249.1, "trend": 71.230559, "fair_value": 69.374367, "relative_strength": -16.306237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.830766, "energy": 76.185814, "activity_lines": [ 65.18312, 67.325386, 69.377973, 70.049811 ] }, { "date": "2023-10-27", "close": 61.86491, "volume": 827, "typical_volume": 288.45, "trend": 70.531143, "fair_value": 69.415389, "relative_strength": -14.72159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.96049, "energy": 81.874564, "activity_lines": [ 63.549011, 66.137511, 68.546412, 69.445575 ] }, { "date": "2023-11-03", "close": 63.364666, "volume": 294, "typical_volume": 232.1, "trend": 70.152104, "fair_value": 69.466024, "relative_strength": -15.008066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.794253, "energy": 79.517226, "activity_lines": [ 62.939735, 65.343322, 67.887144, 68.983222 ] }, { "date": "2023-11-10", "close": 62.661655, "volume": 2150, "typical_volume": 321.7, "trend": 69.719251, "fair_value": 69.512153, "relative_strength": -15.60999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.459383, "energy": 78.233595, "activity_lines": [ 62.583543, 64.549985, 67.223413, 68.499967 ] }, { "date": "2023-11-17", "close": 66.504776, "volume": 225, "typical_volume": 330.95, "trend": 69.461591, "fair_value": 69.582918, "relative_strength": -13.811295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.301553, "energy": 48.001047, "activity_lines": [ 63.914575, 64.60452, 66.957608, 68.292582 ] }, { "date": "2023-11-24", "close": 66.551651, "volume": 153, "typical_volume": 334.05, "trend": 69.343725, "fair_value": 69.653983, "relative_strength": -13.806022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.689278, "energy": 31.385436, "activity_lines": [ 65.023771, 64.68803, 66.728627, 68.104844 ] }, { "date": "2023-12-01", "close": 66.598518, "volume": 50, "typical_volume": 335.4, "trend": 69.269954, "fair_value": 69.725348, "relative_strength": -15.273774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.227854, "energy": 21.428888, "activity_lines": [ 65.826767, 64.891691, 66.532454, 67.927734 ] }, { "date": "2023-12-08", "close": 70.957176, "volume": 1527, "typical_volume": 404.35, "trend": 69.329319, "fair_value": 69.824654, "relative_strength": -11.28668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.04011, "energy": 19.442353, "activity_lines": [ 67.767074, 65.944928, 66.784422, 68.036587 ] }, { "date": "2023-12-15", "close": 73.159943, "volume": 16, "typical_volume": 400.5, "trend": 69.359002, "fair_value": 69.93808, "relative_strength": -8.014212, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.11699, "energy": 38.661515, "activity_lines": [ 69.93547, 67.393555, 67.267156, 68.283724 ] }, { "date": "2023-12-22", "close": 73.769211, "volume": 154, "typical_volume": 342.9, "trend": 69.512101, "fair_value": 70.055411, "relative_strength": -6.537597, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.579424, "energy": 57.886045, "activity_lines": [ 71.607069, 68.872858, 67.806352, 68.568253 ] }, { "date": "2023-12-29", "close": 74.706573, "volume": 80, "typical_volume": 345.7, "trend": 69.735503, "fair_value": 70.178752, "relative_strength": -5.166702, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.917925, "energy": 71.03919, "activity_lines": [ 73.106827, 70.325747, 68.439062, 68.90338 ] }, { "date": "2024-01-05", "close": 68.941887, "volume": 264, "typical_volume": 341.3, "trend": 69.765186, "fair_value": 70.265139, "relative_strength": -11.292072, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.023888, "energy": 54.985638, "activity_lines": [ 72.141361, 70.49447, 68.509141, 68.852179 ] }, { "date": "2024-01-12", "close": 77.893539, "volume": 737, "typical_volume": 377.05, "trend": 69.812053, "fair_value": 70.408908, "relative_strength": -0.092433, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.359255, "energy": 70.442998, "activity_lines": [ 74.003555, 72.162095, 69.429748, 69.376589 ] }, { "date": "2024-01-19", "close": 77.612343, "volume": 646, "typical_volume": 407.9, "trend": 70.087008, "fair_value": 70.550875, "relative_strength": 0.816141, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.287388, "energy": 67.79355, "activity_lines": [ 75.309593, 73.514431, 70.288091, 69.879834 ] }, { "date": "2024-01-26", "close": 80.377518, "volume": 302, "typical_volume": 420.0, "trend": 70.322907, "fair_value": 70.710567, "relative_strength": 2.374043, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.612668, "energy": 81.576695, "activity_lines": [ 77.240528, 75.097696, 71.377645, 70.543738 ] }, { "date": "2024-02-02", "close": 78.549698, "volume": 206, "typical_volume": 421.3, "trend": 70.524437, "fair_value": 70.858543, "relative_strength": 0.848118, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.468213, "energy": 85.910711, "activity_lines": [ 78.121637, 76.096398, 72.232417, 71.074498 ] }, { "date": "2024-02-09", "close": 84.220634, "volume": 144, "typical_volume": 421.55, "trend": 70.880629, "fair_value": 71.042871, "relative_strength": 8.438112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.662141, "energy": 93.325348, "activity_lines": [ 80.636849, 77.908033, 73.599381, 71.958124 ] }, { "date": "2024-02-16", "close": 86.282806, "volume": 311, "typical_volume": 430.25, "trend": 71.244632, "fair_value": 71.240418, "relative_strength": 10.148251, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.544345, "energy": 94.1543, "activity_lines": [ 82.820869, 79.774207, 75.09378, 72.951813 ] }, { "date": "2024-02-23", "close": 89.797852, "volume": 45, "typical_volume": 432.0, "trend": 71.810165, "fair_value": 71.460497, "relative_strength": 12.825586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.28901, "energy": 94.711612, "activity_lines": [ 85.617287, 82.000831, 76.848628, 74.148795 ] }, { "date": "2024-03-01", "close": 89.047981, "volume": 464, "typical_volume": 438.25, "trend": 72.289774, "fair_value": 71.675769, "relative_strength": 10.071186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.810125, "energy": 89.989233, "activity_lines": [ 87.35138, 83.788609, 78.431852, 75.260912 ] }, { "date": "2024-03-08", "close": 92.609901, "volume": 271, "typical_volume": 443.3, "trend": 72.981849, "fair_value": 71.913874, "relative_strength": 14.20251, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.650994, "energy": 91.584265, "activity_lines": [ 89.694749, 85.946212, 80.229997, 76.571888 ] }, { "date": "2024-03-15", "close": 87.688828, "volume": 156, "typical_volume": 409.75, "trend": 73.620807, "fair_value": 72.120434, "relative_strength": 7.672359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.806109, "energy": 70.728197, "activity_lines": [ 89.460413, 86.88356, 81.412394, 77.520725 ] }, { "date": "2024-03-22", "close": 92.937973, "volume": 218, "typical_volume": 405.95, "trend": 74.370685, "fair_value": 72.360642, "relative_strength": 12.581597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.336175, "energy": 69.934166, "activity_lines": [ 90.74458, 88.434444, 82.971738, 78.766994 ] }, { "date": "2024-03-29", "close": 90.735214, "volume": 26, "typical_volume": 299.75, "trend": 75.033077, "fair_value": 72.58673, "relative_strength": 8.391371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.244688, "energy": 64.125122, "activity_lines": [ 90.850815, 89.311291, 84.18047, 79.82277 ] }, { "date": "2024-04-05", "close": 90.313393, "volume": 268, "typical_volume": 301.9, "trend": 75.789204, "fair_value": 72.810114, "relative_strength": 9.689068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.887548, "energy": 61.200633, "activity_lines": [ 90.753953, 89.872846, 85.215346, 80.808597 ] }, { "date": "2024-04-12", "close": 90.172798, "volume": 250, "typical_volume": 306.75, "trend": 76.371921, "fair_value": 73.032596, "relative_strength": 10.8984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.784354, "energy": 61.327777, "activity_lines": [ 90.525865, 90.228186, 86.123457, 81.736571 ] }, { "date": "2024-04-19", "close": 91.157013, "volume": 262, "typical_volume": 317.35, "trend": 77.085867, "fair_value": 73.261388, "relative_strength": 13.105388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.302734, "energy": 56.671845, "activity_lines": [ 90.788322, 90.551145, 87.012821, 82.690448 ] }, { "date": "2024-04-26", "close": 89.704117, "volume": 350, "typical_volume": 258.5, "trend": 77.720139, "fair_value": 73.480866, "relative_strength": 8.459507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.814292, "energy": 45.605584, "activity_lines": [ 90.335269, 90.483825, 87.646869, 83.504528 ] }, { "date": "2024-05-03", "close": 94.109657, "volume": 102, "typical_volume": 262.8, "trend": 78.565313, "fair_value": 73.728585, "relative_strength": 14.351165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.358781, "energy": 53.630808, "activity_lines": [ 91.566319, 91.155307, 88.611221, 84.561917 ] }, { "date": "2024-05-10", "close": 101.795898, "volume": 147, "typical_volume": 262.45, "trend": 79.860415, "fair_value": 74.025575, "relative_strength": 18.074769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.909833, "energy": 68.77303, "activity_lines": [ 95.134486, 93.145891, 90.207835, 86.060664 ] }, { "date": "2024-05-17", "close": 104.045525, "volume": 387, "typical_volume": 277.8, "trend": 81.271122, "fair_value": 74.336986, "relative_strength": 20.559138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.944005, "energy": 89.733798, "activity_lines": [ 98.687029, 95.313718, 91.885239, 87.620994 ] }, { "date": "2024-05-24", "close": 109.126945, "volume": 212, "typical_volume": 275.2, "trend": 82.846523, "fair_value": 74.680969, "relative_strength": 25.730577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.340233, "energy": 96.589432, "activity_lines": [ 103.00853, 98.197518, 93.906879, 89.418144 ] }, { "date": "2024-05-31", "close": 106.350899, "volume": 960, "typical_volume": 286.35, "trend": 84.279397, "fair_value": 75.007158, "relative_strength": 23.055754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.377871, "energy": 90.565783, "activity_lines": [ 105.206687, 100.186799, 95.472776, 90.934555 ] }, { "date": "2024-06-07", "close": 104.53212, "volume": 1780, "typical_volume": 343.05, "trend": 85.67508, "fair_value": 75.321687, "relative_strength": 19.890333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.193428, "energy": 87.498003, "activity_lines": [ 105.688799, 101.601522, 96.729945, 92.241182 ] }, { "date": "2024-06-14", "close": 98.309975, "volume": 405, "typical_volume": 348.2, "trend": 86.735253, "fair_value": 75.596331, "relative_strength": 15.859461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.589079, "energy": 64.986556, "activity_lines": [ 103.402031, 101.634092, 97.266339, 93.056337 ] }, { "date": "2024-06-21", "close": 102.138985, "volume": 94, "typical_volume": 342.6, "trend": 87.921497, "fair_value": 75.89552, "relative_strength": 18.700468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.514235, "energy": 55.465288, "activity_lines": [ 102.623995, 102.217454, 98.082007, 94.050126 ] }, { "date": "2024-06-28", "close": 99.171494, "volume": 580, "typical_volume": 364.4, "trend": 89.007263, "fair_value": 76.175687, "relative_strength": 14.379754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.946133, "energy": 35.612362, "activity_lines": [ 100.983898, 102.043705, 98.502728, 94.775932 ] }, { "date": "2024-07-05", "close": 105.106476, "volume": 574, "typical_volume": 377.55, "trend": 90.145573, "fair_value": 76.493898, "relative_strength": 19.14785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.581565, "energy": 35.40882, "activity_lines": [ 101.985825, 102.803326, 99.417491, 95.814591 ] }, { "date": "2024-07-12", "close": 101.851814, "volume": 550, "typical_volume": 402.8, "trend": 91.101969, "fair_value": 76.791246, "relative_strength": 13.383034, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.060583, "energy": 31.545058, "activity_lines": [ 101.985827, 102.691147, 99.932649, 96.569832 ] }, { "date": "2024-07-19", "close": 98.788597, "volume": 578, "typical_volume": 408.5, "trend": 91.935948, "fair_value": 77.068958, "relative_strength": 13.107288, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.356487, "energy": 24.894352, "activity_lines": [ 101.143443, 101.881253, 100.098673, 97.065744 ] }, { "date": "2024-07-26", "close": 112.094421, "volume": 418, "typical_volume": 415.85, "trend": 93.18221, "fair_value": 77.431964, "relative_strength": 25.792527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.161245, "energy": 47.892148, "activity_lines": [ 104.704425, 103.545279, 101.485534, 98.366291 ] }, { "date": "2024-08-02", "close": 107.882507, "volume": 351, "typical_volume": 425.6, "trend": 94.480231, "fair_value": 77.767971, "relative_strength": 25.537886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.872346, "energy": 43.435834, "activity_lines": [ 106.197741, 104.297158, 102.378476, 99.314697 ] }, { "date": "2024-08-09", "close": 114.296112, "volume": 504, "typical_volume": 439.9, "trend": 95.69365, "fair_value": 78.14509, "relative_strength": 31.544861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.062403, "energy": 61.761494, "activity_lines": [ 109.248191, 106.237773, 103.786078, 100.593141 ] }, { "date": "2024-08-16", "close": 116.306351, "volume": 2509, "typical_volume": 564.05, "trend": 96.98345, "fair_value": 78.535095, "relative_strength": 28.496575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.789386, "energy": 77.908956, "activity_lines": [ 112.356078, 108.399427, 105.283426, 101.922992 ] }, { "date": "2024-08-23", "close": 116.402069, "volume": 2043, "typical_volume": 652.8, "trend": 98.184268, "fair_value": 78.925714, "relative_strength": 25.60676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.132383, "energy": 77.020555, "activity_lines": [ 114.532235, 110.364408, 106.668123, 103.175807 ] }, { "date": "2024-08-30", "close": 111.902977, "volume": 1233, "typical_volume": 701.95, "trend": 99.296044, "fair_value": 79.287493, "relative_strength": 18.341879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.899327, "energy": 67.473063, "activity_lines": [ 114.034463, 111.182426, 107.500103, 104.060885 ] }, { "date": "2024-09-06", "close": 111.041443, "volume": 478, "typical_volume": 712.75, "trend": 100.190071, "fair_value": 79.643749, "relative_strength": 20.492419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.771626, "energy": 46.647721, "activity_lines": [ 113.262276, 111.666273, 108.146555, 104.818652 ] }, { "date": "2024-09-13", "close": 114.296112, "volume": 327, "typical_volume": 711.6, "trend": 101.123848, "fair_value": 80.020868, "relative_strength": 20.678526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.675304, "energy": 42.348405, "activity_lines": [ 113.364383, 112.526061, 109.008287, 105.728719 ] }, { "date": "2024-09-20", "close": 125.687431, "volume": 808, "typical_volume": 746.9, "trend": 102.320168, "fair_value": 80.471009, "relative_strength": 31.446214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.957426, "energy": 52.351162, "activity_lines": [ 117.263597, 115.289914, 110.837803, 107.313467 ] }, { "date": "2024-09-27", "close": 126.453247, "volume": 359, "typical_volume": 757.5, "trend": 103.56701, "fair_value": 80.926059, "relative_strength": 26.226166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.115361, "energy": 63.583289, "activity_lines": [ 120.792677, 117.759631, 112.589883, 108.87044 ] }, { "date": "2024-10-04", "close": 123.007118, "volume": 397, "typical_volume": 758.0, "trend": 104.58025, "fair_value": 81.359018, "relative_strength": 24.160605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.025211, "energy": 71.798164, "activity_lines": [ 122.502969, 119.099786, 113.896344, 110.12464 ] }, { "date": "2024-10-11", "close": 128.272018, "volume": 295, "typical_volume": 762.15, "trend": 105.933023, "fair_value": 81.825726, "relative_strength": 26.620987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.357939, "energy": 82.135218, "activity_lines": [ 125.227952, 121.198783, 115.613931, 111.653141 ] }, { "date": "2024-10-18", "close": 131.622406, "volume": 532, "typical_volume": 740.75, "trend": 107.222504, "fair_value": 82.313911, "relative_strength": 26.876012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.142646, "energy": 82.382956, "activity_lines": [ 127.921025, 123.536222, 117.559435, 113.310521 ] }, { "date": "2024-10-25", "close": 129.420715, "volume": 422, "typical_volume": 672.85, "trend": 108.512021, "fair_value": 82.787983, "relative_strength": 24.88661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.634521, "energy": 77.602031, "activity_lines": [ 128.725116, 125.158331, 119.174915, 114.742663 ] }, { "date": "2024-11-01", "close": 124.825897, "volume": 1546, "typical_volume": 729.9, "trend": 109.662438, "fair_value": 83.232601, "relative_strength": 20.749869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.825487, "energy": 53.777356, "activity_lines": [ 127.748714, 125.706575, 120.234275, 115.795171 ] }, { "date": "2024-11-08", "close": 113.913216, "volume": 762, "typical_volume": 763.3, "trend": 110.453785, "fair_value": 83.607266, "relative_strength": 9.706745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.887145, "energy": 31.369014, "activity_lines": [ 123.243243, 124.117535, 120.128066, 116.069415 ] }, { "date": "2024-11-15", "close": 108.073967, "volume": 1334, "typical_volume": 801.0, "trend": 111.017684, "fair_value": 83.78033, "relative_strength": 3.574673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.032084, "energy": 16.513959, "activity_lines": [ 117.397615, 121.430264, 119.40967, 115.915879 ] }, { "date": "2024-11-22", "close": 100.320206, "volume": 1257, "typical_volume": 835.15, "trend": 111.371553, "fair_value": 83.942518, "relative_strength": -4.763162, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -38.655159, "energy": 40.607519, "activity_lines": [ 110.313937, 117.387172, 117.910429, 115.225719 ] }, { "date": "2024-11-29", "close": 102.904785, "volume": 352, "typical_volume": 825.25, "trend": 111.664724, "fair_value": 84.121274, "relative_strength": -4.221253, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.109315, "energy": 45.631905, "activity_lines": [ 106.178599, 114.06811, 116.680129, 114.679476 ] }, { "date": "2024-12-06", "close": 106.73381, "volume": 191, "typical_volume": 805.9, "trend": 111.829321, "fair_value": 84.331765, "relative_strength": -4.687735, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.087627, "energy": 56.526947, "activity_lines": [ 105.087331, 111.859465, 115.809484, 114.361352 ] }, { "date": "2024-12-13", "close": 101.373184, "volume": 396, "typical_volume": 804.8, "trend": 111.740243, "fair_value": 84.512207, "relative_strength": -9.758943, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.332759, "energy": 64.712594, "activity_lines": [ 103.415326, 109.034696, 114.390469, 113.686763 ] }, { "date": "2024-12-20", "close": 99.554405, "volume": 366, "typical_volume": 805.55, "trend": 111.421159, "fair_value": 84.680991, "relative_strength": -9.242591, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.319515, "energy": 67.347538, "activity_lines": [ 101.973064, 106.272584, 112.849291, 112.900579 ] }, { "date": "2024-12-27", "close": 100.703102, "volume": 279, "typical_volume": 794.3, "trend": 111.232899, "fair_value": 84.834417, "relative_strength": -8.836956, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.519841, "energy": 57.019499, "activity_lines": [ 101.481672, 104.241465, 111.45717, 112.209092 ] }, { "date": "2025-01-03", "close": 99.650124, "volume": 52, "typical_volume": 671.45, "trend": 111.070165, "fair_value": 84.984256, "relative_strength": -9.703093, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.928811, "energy": 60.793306, "activity_lines": [ 100.613761, 102.581064, 110.029494, 111.461816 ] }, { "date": "2025-01-10", "close": 90.077591, "volume": 643, "typical_volume": 601.45, "trend": 110.795753, "fair_value": 85.046848, "relative_strength": -19.56589, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.901044, "energy": 84.51697, "activity_lines": [ 96.771983, 99.721486, 107.769463, 110.107457 ] }, { "date": "2025-01-17", "close": 92.183548, "volume": 380, "typical_volume": 558.8, "trend": 110.463905, "fair_value": 85.13502, "relative_strength": -20.320078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.723522, "energy": 83.784912, "activity_lines": [ 94.742606, 97.876597, 105.835355, 108.906669 ] }, { "date": "2025-01-24", "close": 92.470726, "volume": 469, "typical_volume": 558.35, "trend": 110.240546, "fair_value": 85.285718, "relative_strength": -21.794917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.319068, "energy": 82.573843, "activity_lines": [ 93.421596, 96.479007, 104.022499, 107.745819 ] }, { "date": "2025-01-31", "close": 90.508354, "volume": 184, "typical_volume": 551.2, "trend": 109.753942, "fair_value": 85.418086, "relative_strength": -24.516376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.103891, "energy": 88.849701, "activity_lines": [ 91.918708, 95.008317, 102.111182, 106.472774 ] }, { "date": "2025-02-07", "close": 88.593849, "volume": 1128, "typical_volume": 567.2, "trend": 109.31201, "fair_value": 85.527826, "relative_strength": -26.065091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.963183, "energy": 89.851676, "activity_lines": [ 90.457302, 93.367932, 100.130806, 105.107607 ] }, { "date": "2025-02-14", "close": 89.168198, "volume": 215, "typical_volume": 560.0, "trend": 108.99133, "fair_value": 85.620253, "relative_strength": -27.713866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.813702, "energy": 87.44402, "activity_lines": [ 89.92443, 92.092174, 98.381767, 103.808006 ] }, { "date": "2025-02-21", "close": 101.756081, "volume": 2399, "typical_volume": 660.1, "trend": 108.646718, "fair_value": 85.816668, "relative_strength": -16.500521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.819595, "energy": 52.756255, "activity_lines": [ 93.648145, 93.424496, 98.009121, 103.341216 ] }, { "date": "2025-02-28", "close": 96.299736, "volume": 623, "typical_volume": 676.5, "trend": 108.260626, "fair_value": 86.004279, "relative_strength": -21.695766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.269258, "energy": 41.68464, "activity_lines": [ 94.91491, 93.757794, 97.218019, 102.544636 ] }, { "date": "2025-03-07", "close": 91.130569, "volume": 644, "typical_volume": 682.1, "trend": 107.488441, "fair_value": 86.158754, "relative_strength": -27.053962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.523287, "energy": 38.20123, "activity_lines": [ 94.203352, 93.210419, 96.086864, 101.439472 ] }, { "date": "2025-03-14", "close": 92.997215, "volume": 1253, "typical_volume": 723.65, "trend": 106.71147, "fair_value": 86.26796, "relative_strength": -25.264986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.650242, "energy": 29.049377, "activity_lines": [ 94.072528, 93.176481, 95.326303, 100.504554 ] }, { "date": "2025-03-21", "close": 94.14592, "volume": 2442, "typical_volume": 768.45, "trend": 105.969598, "fair_value": 86.384529, "relative_strength": -23.758694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.580701, "energy": 34.055448, "activity_lines": [ 94.031048, 93.47236, 94.848588, 99.693873 ] }, { "date": "2025-03-28", "close": 89.263924, "volume": 603, "typical_volume": 760.5, "trend": 105.214963, "fair_value": 86.462039, "relative_strength": -26.082117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.323615, "energy": 45.423493, "activity_lines": [ 92.030388, 92.806633, 94.052016, 98.616088 ] }, { "date": "2025-04-04", "close": 78.303368, "volume": 1315, "typical_volume": 759.55, "trend": 104.123694, "fair_value": 86.497186, "relative_strength": -29.143883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.48916, "energy": 59.158017, "activity_lines": [ 87.20902, 90.201162, 92.328959, 96.879856 ] }, { "date": "2025-04-11", "close": 81.079399, "volume": 5726, "typical_volume": 983.0, "trend": 103.01647, "fair_value": 86.541788, "relative_strength": -25.386868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.225196, "energy": 68.187034, "activity_lines": [ 84.512753, 88.358013, 91.012051, 95.393127 ] }, { "date": "2025-04-18", "close": 83.56826, "volume": 534, "typical_volume": 992.1, "trend": 101.612498, "fair_value": 86.602344, "relative_strength": -25.792229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.221839, "energy": 70.674704, "activity_lines": [ 83.316185, 87.138819, 90.0238, 94.138404 ] }, { "date": "2025-04-25", "close": 85.291321, "volume": 109, "typical_volume": 988.0, "trend": 100.240434, "fair_value": 86.638857, "relative_strength": -27.501825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.000193, "energy": 63.841157, "activity_lines": [ 83.322567, 86.324283, 89.291729, 93.085425 ] }, { "date": "2025-05-02", "close": 93.571564, "volume": 1583, "typical_volume": 1047.35, "trend": 99.259249, "fair_value": 86.746855, "relative_strength": -23.043238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.250817, "energy": 34.489627, "activity_lines": [ 86.679337, 87.085735, 89.450359, 92.655175 ] }, { "date": "2025-05-09", "close": 94.14592, "volume": 460, "typical_volume": 1052.05, "trend": 98.121712, "fair_value": 86.902827, "relative_strength": -23.53519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.403167, "energy": 14.758262, "activity_lines": [ 89.940383, 88.100425, 89.700841, 92.325283 ] }, { "date": "2025-05-16", "close": 98.597145, "volume": 397, "typical_volume": 1057.95, "trend": 97.02087, "fair_value": 87.045853, "relative_strength": -20.41015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.238473, "energy": 16.562481, "activity_lines": [ 93.629, 89.963588, 90.401004, 92.355956 ] }, { "date": "2025-05-23", "close": 96.436653, "volume": 114, "typical_volume": 1061.05, "trend": 95.921401, "fair_value": 87.137053, "relative_strength": -21.189251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.320445, "energy": 23.553273, "activity_lines": [ 95.429604, 91.298179, 90.905433, 92.318264 ] }, { "date": "2025-05-30", "close": 99.579193, "volume": 119, "typical_volume": 1034.85, "trend": 95.079844, "fair_value": 87.22532, "relative_strength": -19.389784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.11971, "energy": 37.364023, "activity_lines": [ 97.419828, 93.141605, 91.724455, 92.554251 ] }, { "date": "2025-06-06", "close": 100.364822, "volume": 84, "typical_volume": 1020.05, "trend": 94.628231, "fair_value": 87.324758, "relative_strength": -19.326888, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.548934, "energy": 51.961219, "activity_lines": [ 98.719403, 95.029087, 92.573053, 92.895217 ] }, { "date": "2025-06-13", "close": 98.695351, "volume": 84, "typical_volume": 1000.8, "trend": 94.315611, "fair_value": 87.426055, "relative_strength": -17.618485, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.417175, "energy": 50.269485, "activity_lines": [ 99.009605, 96.411193, 93.223694, 93.157612 ] }, { "date": "2025-06-20", "close": 96.38755, "volume": 70, "typical_volume": 995.1, "trend": 94.184522, "fair_value": 87.594644, "relative_strength": -18.513967, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.400934, "energy": 35.988792, "activity_lines": [ 98.227244, 97.002936, 93.624905, 93.291286 ] }, { "date": "2025-06-27", "close": 107.435539, "volume": 284, "typical_volume": 952.9, "trend": 94.335547, "fair_value": 87.851581, "relative_strength": -11.42842, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.569703, "energy": 51.01993, "activity_lines": [ 101.274852, 99.325075, 95.050308, 94.14619 ] }, { "date": "2025-07-04", "close": 104.292999, "volume": 584, "typical_volume": 971.35, "trend": 94.254187, "fair_value": 88.078441, "relative_strength": -12.696852, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.614679, "energy": 61.339565, "activity_lines": [ 102.541688, 100.641892, 96.0867, 94.788606 ] }, { "date": "2025-07-11", "close": 108.417587, "volume": 1153, "typical_volume": 909.05, "trend": 94.489, "fair_value": 88.325607, "relative_strength": -10.665417, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.742071, "energy": 79.204157, "activity_lines": [ 104.869133, 102.363149, 97.443887, 95.702374 ] }, { "date": "2025-07-18", "close": 113.524208, "volume": 655, "typical_volume": 910.65, "trend": 94.954661, "fair_value": 88.559644, "relative_strength": -6.314768, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.581758, "energy": 89.967993, "activity_lines": [ 108.361934, 104.742955, 99.255697, 96.930452 ] }, { "date": "2025-07-25", "close": 117.550583, "volume": 1338, "typical_volume": 945.35, "trend": 95.516243, "fair_value": 88.766326, "relative_strength": -2.239177, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.078313, "energy": 93.521933, "activity_lines": [ 112.20827, 107.502496, 101.36895, 98.388253 ] }, { "date": "2025-08-01", "close": 122.657211, "volume": 2155, "typical_volume": 990.45, "trend": 96.283146, "fair_value": 88.996103, "relative_strength": 5.812008, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.509234, "energy": 96.211296, "activity_lines": [ 116.345946, 110.845907, 103.842739, 100.139283 ] }, { "date": "2025-08-08", "close": 132.575851, "volume": 142, "typical_volume": 875.45, "trend": 97.699755, "fair_value": 89.276315, "relative_strength": 11.296829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.923192, "energy": 98.17651, "activity_lines": [ 122.775057, 115.51597, 107.119922, 102.480748 ] }, { "date": "2025-08-15", "close": 136.798645, "volume": 520, "typical_volume": 871.3, "trend": 99.186925, "fair_value": 89.577462, "relative_strength": 14.24189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.921323, "energy": 97.691382, "activity_lines": [ 128.726242, 120.353875, 110.616277, 105.003257 ] }, { "date": "2025-08-22", "close": 134.343536, "volume": 662, "typical_volume": 838.65, "trend": 100.582685, "fair_value": 89.885365, "relative_strength": 12.496671, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.18504, "energy": 92.525451, "activity_lines": [ 131.966988, 124.082963, 113.652456, 107.271426 ] }, { "date": "2025-08-29", "close": 129.138702, "volume": 706, "typical_volume": 587.65, "trend": 101.870363, "fair_value": 90.172172, "relative_strength": 10.446869, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.478103, "energy": 86.523184, "activity_lines": [ 132.084833, 126.217569, 115.926078, 109.113749 ] }, { "date": "2025-09-05", "close": 122.853615, "volume": 331, "typical_volume": 577.5, "trend": 103.012355, "fair_value": 90.392399, "relative_strength": 6.792036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.346586, "energy": 66.40799, "activity_lines": [ 129.335109, 126.613956, 117.372267, 110.467508 ] }, { "date": "2025-09-12", "close": 131.299194, "volume": 381, "typical_volume": 591.1, "trend": 104.416722, "fair_value": 90.681955, "relative_strength": 13.903127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.213963, "energy": 64.753724, "activity_lines": [ 129.387484, 128.265574, 119.435723, 112.292465 ] }, { "date": "2025-09-19", "close": 131.3974, "volume": 775, "typical_volume": 550.7, "trend": 105.404766, "fair_value": 90.975353, "relative_strength": 14.796062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.244035, "energy": 60.434449, "activity_lines": [ 129.557704, 129.444026, 121.289448, 114.033154 ] }, { "date": "2025-09-26", "close": 127.27282, "volume": 1621, "typical_volume": 608.75, "trend": 106.437202, "fair_value": 91.254289, "relative_strength": 11.224132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.177523, "energy": 51.36099, "activity_lines": [ 128.713148, 129.45474, 122.570232, 115.443996 ] }, { "date": "2025-10-03", "close": 128.549469, "volume": 788, "typical_volume": 628.3, "trend": 107.684499, "fair_value": 91.528555, "relative_strength": 9.902379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.410413, "energy": 50.90511, "activity_lines": [ 128.765522, 129.447597, 123.814855, 116.870594 ] }, { "date": "2025-10-10", "close": 124.13028, "volume": 2591, "typical_volume": 752.15, "trend": 108.722268, "fair_value": 91.77537, "relative_strength": 7.37115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.54284, "energy": 40.330305, "activity_lines": [ 127.384115, 128.436985, 124.495972, 117.931612 ] }, { "date": "2025-10-17", "close": 118.532623, "volume": 3978, "typical_volume": 945.1, "trend": 109.535158, "fair_value": 91.986302, "relative_strength": 5.024483, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.032469, "energy": 23.254346, "activity_lines": [ 124.051712, 126.381834, 124.512105, 118.564538 ] }, { "date": "2025-10-24", "close": 118.630836, "volume": 1516, "typical_volume": 1016.7, "trend": 110.514055, "fair_value": 92.19319, "relative_strength": 4.080246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.927263, "energy": 22.049042, "activity_lines": [ 121.603151, 124.599872, 124.447337, 119.151356 ] }, { "date": "2025-10-31", "close": 119.809288, "volume": 1784, "typical_volume": 1101.7, "trend": 111.897585, "fair_value": 92.46255, "relative_strength": 6.998136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.262451, "energy": 20.917525, "activity_lines": [ 120.398512, 123.362498, 124.407822, 119.751049 ] }, { "date": "2025-11-07", "close": 117.255974, "volume": 3075, "typical_volume": 1251.95, "trend": 113.103471, "fair_value": 92.676399, "relative_strength": 6.862398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.347987, "energy": 22.469237, "activity_lines": [ 118.840337, 121.925143, 124.024591, 120.096751 ] }, { "date": "2025-11-14", "close": 119.907486, "volume": 847, "typical_volume": 1280.1, "trend": 114.314779, "fair_value": 92.929154, "relative_strength": 8.14537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.343269, "energy": 18.280425, "activity_lines": [ 118.918899, 121.185932, 123.794512, 120.53572 ] }, { "date": "2025-11-21", "close": 117.452377, "volume": 850, "typical_volume": 1293.4, "trend": 115.386814, "fair_value": 93.148352, "relative_strength": 9.578619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.365322, "energy": 15.953832, "activity_lines": [ 118.460611, 120.053903, 123.271223, 120.738145 ] }, { "date": "2025-11-28", "close": 122.657211, "volume": 901, "typical_volume": 1280.8, "trend": 116.356336, "fair_value": 93.444147, "relative_strength": 10.903136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.65119, "energy": 11.352396, "activity_lines": [ 119.809284, 120.119967, 123.180968, 121.207203 ] }, { "date": "2025-12-05", "close": 127.27282, "volume": 436, "typical_volume": 1269.85, "trend": 117.460566, "fair_value": 93.768946, "relative_strength": 14.131237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.765209, "energy": 22.440966, "activity_lines": [ 122.428068, 121.184146, 123.462487, 121.911493 ] }, { "date": "2025-12-12", "close": 123.737457, "volume": 1202, "typical_volume": 1263.05, "trend": 118.298576, "fair_value": 94.058813, "relative_strength": 10.166829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.86092, "energy": 20.39594, "activity_lines": [ 123.370829, 121.605532, 123.341836, 122.316453 ] }, { "date": "2025-12-19", "close": 120.300308, "volume": 654, "typical_volume": 1188.0, "trend": 119.094031, "fair_value": 94.326939, "relative_strength": 6.680908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.872153, "energy": 18.497372, "activity_lines": [ 122.735775, 121.489472, 122.864376, 122.445597 ] }, { "date": "2025-12-26", "close": 121.96978, "volume": 40, "typical_volume": 1182.9, "trend": 119.840384, "fair_value": 94.60898, "relative_strength": 7.944346, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.851081, "energy": 14.563, "activity_lines": [ 122.631024, 121.746589, 122.557136, 122.63113 ] }, { "date": "2026-01-02", "close": 125.996162, "volume": 590, "typical_volume": 1186.4, "trend": 120.694762, "fair_value": 94.934067, "relative_strength": 10.543379, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 32.521503, "energy": 16.3247, "activity_lines": [ 123.567239, 122.673281, 122.683867, 123.028277 ] }, { "date": "2026-01-09", "close": 123.344643, "volume": 913, "typical_volume": 1198.95, "trend": 121.516405, "fair_value": 95.192788, "relative_strength": 4.937454, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 31.456397, "energy": 14.103937, "activity_lines": [ 123.397018, 122.983964, 122.609512, 123.199237 ] }, { "date": "2026-01-16", "close": 121.576965, "volume": 638, "typical_volume": 1195.55, "trend": 122.356052, "fair_value": 95.434336, "relative_strength": 3.119698, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.780308, "energy": 9.528829, "activity_lines": [ 122.89945, 122.908972, 122.419183, 123.203144 ] }, { "date": "2026-01-23", "close": 123.835663, "volume": 502, "typical_volume": 1204.1, "trend": 122.902723, "fair_value": 95.660858, "relative_strength": 6.421748, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.350747, "energy": 10.423923, "activity_lines": [ 123.298814, 123.166089, 122.479976, 123.298602 ] }, { "date": "2026-01-30", "close": 132.968658, "volume": 669, "typical_volume": 1218.5, "trend": 123.858578, "fair_value": 95.92314, "relative_strength": 15.36042, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 43.326356, "energy": 42.154272, "activity_lines": [ 126.506819, 125.012329, 123.405902, 123.948018 ] }, { "date": "2026-02-06", "close": 137.289658, "volume": 386, "typical_volume": 1199.05, "trend": 124.820981, "fair_value": 96.23649, "relative_strength": 17.513736, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 43.010619, "energy": 57.866605, "activity_lines": [ 130.421899, 127.362091, 124.735402, 124.814539 ] }, { "date": "2026-02-13", "close": 135.227356, "volume": 968, "typical_volume": 1166.4, "trend": 125.544419, "fair_value": 96.539834, "relative_strength": 14.168411, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.507019, "energy": 64.633338, "activity_lines": [ 132.896645, 129.070845, 125.840433, 125.485918 ] }, { "date": "2026-02-20", "close": 123.835663, "volume": 1778, "typical_volume": 1215.9, "trend": 125.753922, "fair_value": 96.794692, "relative_strength": 2.979226, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.540744, "energy": 50.276435, "activity_lines": [ 130.781979, 128.563753, 125.822663, 125.375676 ] }, { "date": "2026-02-27", "close": 118.139816, "volume": 321, "typical_volume": 1102.4, "trend": 125.603342, "fair_value": 97.011869, "relative_strength": -2.008135, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -10.345963, "energy": 11.941213, "activity_lines": [ 126.618118, 127.019268, 125.284878, 124.884443 ] }, { "date": "2026-03-06", "close": 117.255974, "volume": 1698, "typical_volume": 988.4, "trend": 125.092679, "fair_value": 97.200304, "relative_strength": 3.816671, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.933921, "energy": 22.174348, "activity_lines": [ 122.539366, 125.353366, 124.691443, 124.345903 ] }, { "date": "2026-03-13", "close": 115.586494, "volume": 848, "typical_volume": 955.0, "trend": 124.385608, "fair_value": 97.42127, "relative_strength": 2.60161, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.584869, "energy": 47.761429, "activity_lines": [ 118.951633, 123.469627, 123.94509, 123.732601 ] }, { "date": "2026-03-20", "close": 117.255974, "volume": 473, "typical_volume": 889.45, "trend": 123.816022, "fair_value": 97.652939, "relative_strength": 8.556787, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.828467, "energy": 54.829306, "activity_lines": [ 117.367271, 122.078697, 123.372231, 123.272624 ] }, { "date": "2026-03-27", "close": 111.854736, "volume": 1394, "typical_volume": 805.4, "trend": 123.23989, "fair_value": 97.838883, "relative_strength": 3.495588, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.455762, "energy": 74.734576, "activity_lines": [ 115.180588, 119.816427, 122.297128, 122.500929 ] }, { "date": "2026-04-03", "close": 115.881111, "volume": 714, "typical_volume": 798.75, "trend": 123.007473, "fair_value": 98.102635, "relative_strength": 2.714605, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.524915, "energy": 65.404784, "activity_lines": [ 115.134759, 118.462993, 121.631209, 122.026169 ] }, { "date": "2026-04-10", "close": 128.451263, "volume": 3212, "typical_volume": 916.85, "trend": 122.912542, "fair_value": 98.441122, "relative_strength": 10.198573, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.924973, "energy": 21.575757, "activity_lines": [ 119.429561, 119.539669, 122.181621, 122.377381 ] }, { "date": "2026-04-17", "close": 136.504028, "volume": 2046, "typical_volume": 974.1, "trend": 123.082763, "fair_value": 98.840285, "relative_strength": 12.150319, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.427947, "energy": 25.247136, "activity_lines": [ 125.662265, 122.162619, 123.446587, 123.254251 ] }, { "date": "2026-04-24", "close": 135.03096, "volume": 1446, "typical_volume": 1024.6, "trend": 123.341368, "fair_value": 99.256589, "relative_strength": 12.80025, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.213196, "energy": 48.614789, "activity_lines": [ 130.009444, 124.532022, 124.505323, 124.025102 ] }, { "date": "2026-05-01", "close": 156.537704, "volume": 2122, "typical_volume": 1070.6, "trend": 124.274309, "fair_value": 99.818935, "relative_strength": 28.69399, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.534033, "energy": 87.031777, "activity_lines": [ 140.340539, 130.815313, 127.575377, 126.166801 ] }, { "date": "2026-05-08", "close": 159.876663, "volume": 1608, "typical_volume": 1118.3, "trend": 125.465855, "fair_value": 100.400348, "relative_strength": 29.91072, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.371345, "energy": 96.362095, "activity_lines": [ 148.805755, 137.111106, 130.807236, 128.463728 ] }, { "date": "2026-05-15", "close": 162.429962, "volume": 829, "typical_volume": 1157.75, "trend": 126.9291, "fair_value": 100.9783, "relative_strength": 32.793929, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.303882, "energy": 95.153958, "activity_lines": [ 155.189035, 143.112282, 134.093808, 130.848509 ] }, { "date": "2026-05-22", "close": 158.599991, "volume": 556, "typical_volume": 1156.05, "trend": 128.261405, "fair_value": 101.55153, "relative_strength": 23.70876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.375208, "energy": 89.694817, "activity_lines": [ 158.030411, 147.595755, 136.822952, 132.891792 ] }, { "date": "2026-05-29", "close": 158.399994, "volume": 867, "typical_volume": 1153.75, "trend": 129.547762, "fair_value": 102.130988, "relative_strength": 21.509189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.229992, "energy": 88.009575, "activity_lines": [ 159.332057, 151.260801, 139.377793, 134.836217 ] }, { "date": "2026-06-05", "close": 154.800003, "volume": 515, "typical_volume": 1147.6, "trend": 130.799229, "fair_value": 102.687068, "relative_strength": 19.466204, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.398993, "energy": 77.719859, "activity_lines": [ 157.87577, 153.523231, 141.422847, 136.465394 ] }, { "date": "2026-06-12", "close": 146.0, "volume": 350, "typical_volume": 1140.0, "trend": 131.66898, "fair_value": 103.132661, "relative_strength": 12.525701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.900366, "energy": 55.980341, "activity_lines": [ 153.601996, 153.404837, 142.471601, 137.446089 ] }, { "date": "2026-06-19", "close": 160.5, "volume": 250, "typical_volume": 1119.05, "trend": 133.103901, "fair_value": 103.716868, "relative_strength": 20.951917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.143067, "energy": 50.715229, "activity_lines": [ 155.086666, 155.37519, 144.795763, 139.306155 ] }, { "date": "2026-06-26", "close": 140.699997, "volume": 408, "typical_volume": 1120.15, "trend": 133.705327, "fair_value": 104.148916, "relative_strength": 6.905627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.325703, "energy": 28.752242, "activity_lines": [ 150.099999, 153.162838, 145.103109, 139.796225 ] }, { "date": "2026-07-03", "close": 138.600006, "volume": 0, "typical_volume": 1071.75, "trend": 134.0829, "fair_value": 104.57261, "relative_strength": 0.424278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.980423, "energy": 25.18156, "activity_lines": [ 145.606668, 150.49238, 145.194216, 140.112011 ] }, { "date": "2026-07-10", "close": 133.300003, "volume": 2305, "typical_volume": 1098.1, "trend": 134.401651, "fair_value": 104.95572, "relative_strength": -0.973298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.505897, "energy": 19.597806, "activity_lines": [ 140.666669, 146.793393, 144.7645, 140.061502 ] }, { "date": "2026-07-17", "close": 135.600006, "volume": 1764, "typical_volume": 1170.25, "trend": 134.911641, "fair_value": 105.341856, "relative_strength": 1.407352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.012286, "energy": 25.029866, "activity_lines": [ 137.92667, 143.935092, 144.508764, 140.138815 ] }, { "date": "2026-07-24", "close": 133.300003, "volume": 1006, "typical_volume": 1135.65, "trend": 135.289315, "fair_value": 105.729472, "relative_strength": -1.537891, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.324982, "energy": 35.021952, "activity_lines": [ 135.113337, 141.100002, 143.950837, 140.034838 ] }, { "date": "2026-07-31", "close": 132.2, "volume": 1901, "typical_volume": 1188.3, "trend": 135.49611, "fair_value": 106.09832, "relative_strength": -4.344144, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.281915, "energy": 41.767961, "activity_lines": [ 133.746669, 138.594548, 143.211747, 139.835528 ] }, { "date": "2026-08-07", "close": 139.600006, "volume": 4651, "typical_volume": 1397.2, "trend": 136.037955, "fair_value": 106.53263, "relative_strength": -1.574521, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.204636, "energy": 34.218155, "activity_lines": [ 135.413337, 137.914548, 143.098307, 140.100295 ] } ], "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." } } }