{ "ticker": { "uuid": "200474ed-7050-478c-ab29-a5050cd27852", "symbol": "9917", "name": "Taiwan Secom Co., Ltd.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 67.248, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 11.327, "architecture_energy": 6.23, "architecture_maturity": 9.41, "architecture_confidence": 44.354, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 55.51, "rotation_up": 32.53, "upward_expansion": 48.35, "deceleration": 56.53, "rotation_down": 24.42, "downward_expansion": 28.68 }, "activity_lines": [ 108.366667, 108.427398, 108.742024, 108.283048 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 107.5, "trend_reference": 106.960042, "distance_from_trend": 0.005048, "trend_direction": "Improving", "fair_value": 108.940676, "distance_from_fair_value": -0.013224, "fair_value_direction": "Improving", "relative_strength": -27.82243, "relative_strength_direction": "Improving", "price_momentum": 0.076717, "excess_performance": -0.364655, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.005048, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.021221, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.013224, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.000376, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.278224, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.048178, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.076717, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.990674, "read": "Supply-led" } ], "volume": { "latest": 1026136, "relative_activity": 0.343009, "balance": 0.990674, "dry_up": 0.863561, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.034058, "annualized_volatility": 0.162952, "from_high_reference": -0.080851, "from_low_reference": 0.092322 }, "levels": { "trend_reference": 106.960042, "fair_value_reference": 108.940676, "structural_low": 98.414225, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": -0.009804, "positive_rate": 0.222222, "directional_follow_through": 0.222222, "median_excess_return": -0.040731, "regime_survival": 0.666667, "best_return": 0.019802, "worst_return": -0.088119, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.060606, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.052623, "regime_survival": 0.0, "best_return": 0.059237, "worst_return": -0.093204, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.024272, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.060891, "regime_survival": 0.333333, "best_return": 0.127162, "worst_return": -0.090909, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.039319, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.466281, "regime_survival": 0.5, "best_return": 0.099803, "worst_return": -0.021166, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-05", "end": "2024-03-08", "tenure": "Developing", "return": 0.043478, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-06-07", "tenure": "Established", "return": 0.049383, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-06-21", "tenure": "New", "return": 0.071146, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-28", "end": "2024-09-27", "tenure": "Established", "return": 0.04943, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-11-29", "tenure": "Developing", "return": -0.062044, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.045977, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-08-01", "tenure": "Extended", "return": -0.034558, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-10-03", "tenure": "Developing", "return": -0.047619, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-03-06", "tenure": "Established", "return": -0.036364, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": 0.026549, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-15", "tenure": "Developing", "return": -0.038627, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": 0.089286, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.029221, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-14", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 94.855812, "volume": 2158442, "typical_volume": 2659022.75, "trend": 91.370691, "fair_value": 79.403742, "relative_strength": -0.464695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.473716, "energy": 18.393208, "activity_lines": [ 95.380359, 96.399006, 96.246668, 94.278461 ] }, { "date": "2023-08-18", "close": 94.855812, "volume": 3322075, "typical_volume": 2712937.65, "trend": 91.744145, "fair_value": 79.594623, "relative_strength": 0.839762, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.003733, "energy": 14.678064, "activity_lines": [ 95.001519, 95.984384, 96.256891, 94.503307 ] }, { "date": "2023-08-25", "close": 93.107315, "volume": 2251994, "typical_volume": 2798031.95, "trend": 92.067691, "fair_value": 79.775265, "relative_strength": -1.620396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.353511, "energy": 13.10691, "activity_lines": [ 94.272979, 95.300882, 96.06957, 94.591254 ] }, { "date": "2023-09-01", "close": 93.107315, "volume": 1706512, "typical_volume": 2768315.45, "trend": 92.366115, "fair_value": 79.956878, "relative_strength": -2.551285, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.078288, "energy": 14.143845, "activity_lines": [ 93.74843, 94.728647, 95.853572, 94.658326 ] }, { "date": "2023-09-08", "close": 91.795944, "volume": 3018319, "typical_volume": 2751292.05, "trend": 92.620827, "fair_value": 80.13057, "relative_strength": -3.432765, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -9.757634, "energy": 32.944255, "activity_lines": [ 93.019891, 94.021301, 95.493975, 94.621541 ] }, { "date": "2023-09-15", "close": 92.670189, "volume": 3231910, "typical_volume": 2801172.95, "trend": 92.918636, "fair_value": 80.308896, "relative_strength": -4.38752, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.952344, "energy": 37.936797, "activity_lines": [ 92.728474, 93.623916, 95.203182, 94.624726 ] }, { "date": "2023-09-22", "close": 91.795944, "volume": 2064359, "typical_volume": 2793859.65, "trend": 93.159392, "fair_value": 80.484528, "relative_strength": -1.895631, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.409137, "energy": 39.543798, "activity_lines": [ 92.29135, 93.12321, 94.820477, 94.552294 ] }, { "date": "2023-09-29", "close": 93.107315, "volume": 2218920, "typical_volume": 2782702.5, "trend": 93.415948, "fair_value": 80.665656, "relative_strength": -0.480948, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.174564, "energy": 23.546228, "activity_lines": [ 92.495341, 92.980152, 94.562163, 94.548934 ] }, { "date": "2023-10-06", "close": 97.478546, "volume": 2812027, "typical_volume": 2736986.4, "trend": 93.818212, "fair_value": 80.873349, "relative_strength": 3.277822, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 9.384964, "energy": 6.932753, "activity_lines": [ 94.15641, 93.687496, 94.7174, 94.811037 ] }, { "date": "2023-10-13", "close": 100.101295, "volume": 3265025, "typical_volume": 2685934.7, "trend": 94.307901, "fair_value": 81.103676, "relative_strength": 4.430924, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 47.740046, "energy": 33.399549, "activity_lines": [ 96.400312, 94.855809, 95.128755, 95.216397 ] }, { "date": "2023-10-20", "close": 99.664169, "volume": 3360744, "typical_volume": 2655978.3, "trend": 94.755107, "fair_value": 81.334111, "relative_strength": 6.1587, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 57.944242, "energy": 48.093994, "activity_lines": [ 97.944816, 95.833376, 95.474378, 95.561963 ] }, { "date": "2023-10-27", "close": 100.975548, "volume": 2381476, "typical_volume": 2624997.25, "trend": 95.176246, "fair_value": 81.564706, "relative_strength": 9.513979, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.912102, "energy": 71.325165, "activity_lines": [ 99.460181, 96.961951, 95.952782, 95.963282 ] }, { "date": "2023-11-03", "close": 100.538414, "volume": 3749535, "typical_volume": 2507745.25, "trend": 95.624682, "fair_value": 81.790559, "relative_strength": 6.554319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.177281, "energy": 75.975368, "activity_lines": [ 100.21786, 97.89978, 96.373253, 96.309228 ] }, { "date": "2023-11-10", "close": 102.286911, "volume": 2059833, "typical_volume": 2516588.05, "trend": 96.061621, "fair_value": 82.020343, "relative_strength": 7.224109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.605407, "energy": 78.980947, "activity_lines": [ 101.062966, 99.020406, 96.954003, 96.739049 ] }, { "date": "2023-11-17", "close": 105.346779, "volume": 3531513, "typical_volume": 2575378.55, "trend": 96.614512, "fair_value": 82.270228, "relative_strength": 6.94474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.839194, "energy": 85.805513, "activity_lines": [ 102.60747, 100.53047, 97.809517, 97.338092 ] }, { "date": "2023-11-24", "close": 106.65815, "volume": 3186952, "typical_volume": 2604975.85, "trend": 97.141335, "fair_value": 82.525123, "relative_strength": 7.599343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.767207, "energy": 88.372961, "activity_lines": [ 104.239398, 102.032586, 98.764944, 97.986068 ] }, { "date": "2023-12-01", "close": 107.532394, "volume": 4685143, "typical_volume": 2750100.25, "trend": 97.669387, "fair_value": 82.786107, "relative_strength": 7.372404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.207135, "energy": 89.068136, "activity_lines": [ 105.696476, 103.439329, 99.751595, 98.656459 ] }, { "date": "2023-12-08", "close": 102.286911, "volume": 9155846, "typical_volume": 3136123.5, "trend": 97.994678, "fair_value": 83.006675, "relative_strength": 2.392802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.925602, "energy": 60.704061, "activity_lines": [ 104.967937, 103.606231, 100.194963, 98.954364 ] }, { "date": "2023-12-15", "close": 105.783897, "volume": 11447718, "typical_volume": 3605114.8, "trend": 98.227196, "fair_value": 83.248205, "relative_strength": 4.043335, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.33442, "energy": 52.935738, "activity_lines": [ 105.288493, 104.242046, 100.942236, 99.456894 ] }, { "date": "2023-12-22", "close": 102.72403, "volume": 22465696, "typical_volume": 4603701.95, "trend": 98.483321, "fair_value": 83.475455, "relative_strength": 1.405259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.601051, "energy": 40.034393, "activity_lines": [ 104.355961, 104.170516, 101.35438, 99.747013 ] }, { "date": "2023-12-29", "close": 102.286911, "volume": 2824368, "typical_volume": 4636998.25, "trend": 98.515537, "fair_value": 83.708636, "relative_strength": -0.861984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.082125, "energy": 25.607667, "activity_lines": [ 103.452572, 103.971823, 101.683264, 99.992406 ] }, { "date": "2024-01-05", "close": 100.538414, "volume": 1910469, "typical_volume": 4566417.95, "trend": 98.615073, "fair_value": 83.931578, "relative_strength": -0.205496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.993425, "energy": 20.284413, "activity_lines": [ 102.257767, 103.407536, 101.810238, 100.122914 ] }, { "date": "2024-01-12", "close": 102.72403, "volume": 1405061, "typical_volume": 4524071.3, "trend": 98.731639, "fair_value": 84.166105, "relative_strength": 1.965244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.955607, "energy": 21.580768, "activity_lines": [ 102.257766, 103.248581, 102.118305, 100.388008 ] }, { "date": "2024-01-19", "close": 100.538414, "volume": 2465116, "typical_volume": 4562001.5, "trend": 98.789922, "fair_value": 84.380316, "relative_strength": -1.170562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.119789, "energy": 20.365995, "activity_lines": [ 101.500086, 102.652503, 102.172425, 100.504574 ] }, { "date": "2024-01-26", "close": 102.72403, "volume": 1480682, "typical_volume": 4485119.65, "trend": 98.877346, "fair_value": 84.610962, "relative_strength": -0.822254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.943527, "energy": 17.931571, "activity_lines": [ 101.820642, 102.485601, 102.399313, 100.758387 ] }, { "date": "2024-02-02", "close": 102.72403, "volume": 1604721, "typical_volume": 4403760.2, "trend": 99.110479, "fair_value": 84.844034, "relative_strength": -1.275751, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.328345, "energy": 13.189483, "activity_lines": [ 102.141199, 102.366385, 102.574162, 101.006561 ] }, { "date": "2024-02-09", "close": 102.72403, "volume": 333236, "typical_volume": 4317204.05, "trend": 99.256187, "fair_value": 85.080501, "relative_strength": -1.564077, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.822832, "energy": 16.773925, "activity_lines": [ 102.432615, 102.318698, 102.701136, 101.239693 ] }, { "date": "2024-02-16", "close": 101.412659, "volume": 620808, "typical_volume": 4237298.45, "trend": 99.431036, "fair_value": 85.311473, "relative_strength": -5.50327, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.154647, "energy": 18.096616, "activity_lines": [ 102.141199, 102.120005, 102.651178, 101.37882 ] }, { "date": "2024-02-23", "close": 102.72403, "volume": 1102132, "typical_volume": 4151803.7, "trend": 99.635027, "fair_value": 85.547455, "relative_strength": -5.704753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.805798, "energy": 18.118141, "activity_lines": [ 102.374331, 102.175639, 102.686564, 101.591271 ] }, { "date": "2024-03-01", "close": 103.161156, "volume": 1096783, "typical_volume": 4043391.6, "trend": 99.941013, "fair_value": 85.78527, "relative_strength": -5.52962, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.730376, "energy": 19.90377, "activity_lines": [ 102.607464, 102.366384, 102.738603, 101.818764 ] }, { "date": "2024-03-08", "close": 104.909653, "volume": 1697574, "typical_volume": 3960233.1, "trend": 100.276141, "fair_value": 86.033807, "relative_strength": -7.991855, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.328148, "energy": 36.162144, "activity_lines": [ 103.394288, 102.86709, 102.942594, 102.139321 ] }, { "date": "2024-03-15", "close": 106.221024, "volume": 5109467, "typical_volume": 4096632.65, "trend": 100.654982, "fair_value": 86.289781, "relative_strength": -6.314329, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.934107, "energy": 65.389017, "activity_lines": [ 104.472528, 103.558541, 103.246499, 102.522862 ] }, { "date": "2024-03-22", "close": 104.035408, "volume": 3185138, "typical_volume": 4068412.8, "trend": 101.019251, "fair_value": 86.527378, "relative_strength": -10.635954, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.059726, "energy": 62.035373, "activity_lines": [ 104.589096, 103.749287, 103.317272, 102.740954 ] }, { "date": "2024-03-29", "close": 107.095268, "volume": 3742898, "typical_volume": 4152566.05, "trend": 101.485516, "fair_value": 86.787015, "relative_strength": -8.21787, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.04309, "energy": 72.493672, "activity_lines": [ 105.550767, 104.472528, 103.662807, 103.132955 ] }, { "date": "2024-04-05", "close": 107.095268, "volume": 923204, "typical_volume": 4022150.6, "trend": 101.995494, "fair_value": 87.02725, "relative_strength": -8.341126, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.789367, "energy": 70.49413, "activity_lines": [ 106.221022, 105.076553, 103.985446, 103.494874 ] }, { "date": "2024-04-12", "close": 109.280891, "volume": 1821142, "typical_volume": 3953860.1, "trend": 102.549184, "fair_value": 87.276158, "relative_strength": -8.169087, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.064571, "energy": 74.234631, "activity_lines": [ 107.357545, 105.998487, 104.507913, 103.9649 ] }, { "date": "2024-04-19", "close": 110.155128, "volume": 3785519, "typical_volume": 3908878.9, "trend": 103.161157, "fair_value": 87.536977, "relative_strength": -1.68556, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.817849, "energy": 78.606964, "activity_lines": [ 108.494063, 106.960158, 105.101152, 104.455606 ] }, { "date": "2024-04-26", "close": 110.155128, "volume": 1467375, "typical_volume": 3524455.35, "trend": 103.729417, "fair_value": 87.79343, "relative_strength": -4.470745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.823133, "energy": 76.069778, "activity_lines": [ 109.368309, 107.786718, 105.681901, 104.90683 ] }, { "date": "2024-05-03", "close": 112.777878, "volume": 851809, "typical_volume": 2994659.9, "trend": 104.239395, "fair_value": 88.056994, "relative_strength": -3.101352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.386052, "energy": 85.14135, "activity_lines": [ 110.708822, 108.931187, 106.474969, 105.490602 ] }, { "date": "2024-05-10", "close": 114.526375, "volume": 1635730, "typical_volume": 1953161.6, "trend": 104.720231, "fair_value": 88.327401, "relative_strength": -3.255181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.290396, "energy": 87.263951, "activity_lines": [ 112.253328, 110.210768, 107.401255, 106.154278 ] }, { "date": "2024-05-17", "close": 112.777878, "volume": 1445752, "typical_volume": 1884230.8, "trend": 105.157355, "fair_value": 88.59048, "relative_strength": -6.943732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.891431, "energy": 75.071177, "activity_lines": [ 112.719594, 110.9658, 108.104816, 106.674126 ] }, { "date": "2024-05-24", "close": 112.340752, "volume": 1793467, "typical_volume": 1878380.7, "trend": 105.536195, "fair_value": 88.863368, "relative_strength": -8.453935, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.239867, "energy": 61.878606, "activity_lines": [ 112.807019, 111.498296, 108.716789, 107.137571 ] }, { "date": "2024-05-31", "close": 107.969513, "volume": 2264192, "typical_volume": 1921337.25, "trend": 105.783898, "fair_value": 89.110662, "relative_strength": -10.097508, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.65067, "energy": 42.845991, "activity_lines": [ 111.291656, 111.124754, 108.856252, 107.294559 ] }, { "date": "2024-06-07", "close": 111.466507, "volume": 1422188, "typical_volume": 1869190.85, "trend": 106.089885, "fair_value": 89.382312, "relative_strength": -9.883735, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.330692, "energy": 30.790787, "activity_lines": [ 111.087665, 111.315499, 109.303784, 107.661179 ] }, { "date": "2024-06-14", "close": 110.592262, "volume": 1163006, "typical_volume": 1853307.05, "trend": 106.264734, "fair_value": 89.643023, "relative_strength": -12.914175, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.825918, "energy": 24.033961, "activity_lines": [ 110.679684, 111.267813, 109.616016, 107.951655 ] }, { "date": "2024-06-21", "close": 118.460487, "volume": 6123309, "typical_volume": 2079236.45, "trend": 106.658145, "fair_value": 89.951745, "relative_strength": -9.521704, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.732308, "energy": 45.042341, "activity_lines": [ 113.156719, 112.587133, 110.640134, 108.738478 ] }, { "date": "2024-06-28", "close": 119.551445, "volume": 4330164, "typical_volume": 2279082.85, "trend": 107.05878, "fair_value": 90.267946, "relative_strength": -7.582222, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.961517, "energy": 69.393898, "activity_lines": [ 115.618566, 113.937906, 111.693218, 109.570304 ] }, { "date": "2024-07-05", "close": 119.551445, "volume": 2358569, "typical_volume": 2365970.9, "trend": 107.634265, "fair_value": 90.579296, "relative_strength": -9.431685, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.969228, "energy": 79.084428, "activity_lines": [ 117.5997, 115.117837, 112.666171, 110.376282 ] }, { "date": "2024-07-12", "close": 119.096878, "volume": 1973176, "typical_volume": 2409523.1, "trend": 108.078031, "fair_value": 90.886762, "relative_strength": -10.918062, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.052082, "energy": 79.287267, "activity_lines": [ 118.657183, 116.044278, 113.509457, 111.115806 ] }, { "date": "2024-07-19", "close": 121.824287, "volume": 2563587, "typical_volume": 2482863.3, "trend": 108.714706, "fair_value": 91.205405, "relative_strength": -4.598675, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.065728, "energy": 82.851673, "activity_lines": [ 120.115111, 117.351721, 114.534531, 112.002661 ] }, { "date": "2024-07-26", "close": 121.824287, "volume": 1653182, "typical_volume": 2480643.7, "trend": 109.365952, "fair_value": 91.521623, "relative_strength": -1.336924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.23281, "energy": 75.96254, "activity_lines": [ 120.824237, 118.526474, 115.470732, 112.84844 ] }, { "date": "2024-08-02", "close": 122.278854, "volume": 2800511, "typical_volume": 2365195.9, "trend": 110.090633, "fair_value": 91.831538, "relative_strength": 1.208257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.039548, "energy": 58.397557, "activity_lines": [ 121.460632, 119.619395, 116.369679, 113.681531 ] }, { "date": "2024-08-09", "close": 120.460579, "volume": 2434395, "typical_volume": 2327658.75, "trend": 110.681851, "fair_value": 92.123072, "relative_strength": 0.524177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.08129, "energy": 51.719174, "activity_lines": [ 121.309108, 120.201028, 117.018992, 114.35056 ] }, { "date": "2024-08-16", "close": 131.824799, "volume": 2310808, "typical_volume": 2256054.25, "trend": 111.724731, "fair_value": 92.487964, "relative_strength": 5.635186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.384529, "energy": 63.916368, "activity_lines": [ 124.885049, 122.621773, 118.672396, 115.714621 ] }, { "date": "2024-08-23", "close": 132.279358, "volume": 1265531, "typical_volume": 2273170.6, "trend": 112.709909, "fair_value": 92.854237, "relative_strength": 6.796543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.909473, "energy": 70.496712, "activity_lines": [ 127.763981, 124.755014, 120.251332, 117.040726 ] }, { "date": "2024-08-30", "close": 134.097626, "volume": 1393816, "typical_volume": 2251804.3, "trend": 113.755695, "fair_value": 93.236255, "relative_strength": 7.571059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.823755, "energy": 85.085501, "activity_lines": [ 130.551998, 126.824538, 121.883512, 118.420578 ] }, { "date": "2024-09-06", "close": 132.733932, "volume": 2639875, "typical_volume": 2194522.1, "trend": 114.756025, "fair_value": 93.578853, "relative_strength": 10.366346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.935889, "energy": 84.6541, "activity_lines": [ 132.067228, 128.361807, 123.267641, 119.644981 ] }, { "date": "2024-09-13", "close": 130.461075, "volume": 2641027, "typical_volume": 2253204.7, "trend": 115.724306, "fair_value": 93.911993, "relative_strength": 6.669281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.496109, "energy": 68.583649, "activity_lines": [ 132.127833, 129.246147, 124.32779, 120.65821 ] }, { "date": "2024-09-20", "close": 126.824532, "volume": 3917833, "typical_volume": 2406505.9, "trend": 116.527656, "fair_value": 94.231538, "relative_strength": 1.787938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.023676, "energy": 52.021891, "activity_lines": [ 130.309558, 129.27094, 124.944906, 121.374353 ] }, { "date": "2024-09-27", "close": 125.460838, "volume": 4544830, "typical_volume": 2551960.9, "trend": 117.270978, "fair_value": 94.52649, "relative_strength": -2.167676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.525563, "energy": 35.738318, "activity_lines": [ 128.370069, 128.907287, 125.365258, 121.950688 ] }, { "date": "2024-10-04", "close": 124.551697, "volume": 1433747, "typical_volume": 2551360.65, "trend": 117.925713, "fair_value": 94.818683, "relative_strength": -0.504235, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.484059, "energy": 23.035548, "activity_lines": [ 126.582101, 128.312216, 125.646956, 122.420411 ] }, { "date": "2024-10-11", "close": 123.64257, "volume": 1608426, "typical_volume": 2542108.6, "trend": 118.506432, "fair_value": 95.114251, "relative_strength": -3.626715, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.184968, "energy": 25.145381, "activity_lines": [ 125.127486, 127.502259, 125.786005, 122.789241 ] }, { "date": "2024-10-18", "close": 125.006264, "volume": 2698517, "typical_volume": 2563824.85, "trend": 119.20546, "fair_value": 95.412425, "relative_strength": -4.751375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.654678, "energy": 22.330762, "activity_lines": [ 124.733527, 126.915453, 126.001111, 123.208585 ] }, { "date": "2024-10-25", "close": 122.733429, "volume": 1813550, "typical_volume": 2583392.95, "trend": 119.726732, "fair_value": 95.691939, "relative_strength": -5.601713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.729003, "energy": 15.11726, "activity_lines": [ 123.94561, 125.832755, 125.91863, 123.436196 ] }, { "date": "2024-11-01", "close": 126.369972, "volume": 1661137, "typical_volume": 2608299.5, "trend": 120.369222, "fair_value": 95.993742, "relative_strength": -0.19251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.611555, "energy": 13.940926, "activity_lines": [ 124.642614, 125.576544, 126.128833, 123.864792 ] }, { "date": "2024-11-08", "close": 128.188248, "volume": 1236281, "typical_volume": 2363948.1, "trend": 120.999467, "fair_value": 96.301575, "relative_strength": -1.84858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.119704, "energy": 19.275405, "activity_lines": [ 125.885101, 125.758372, 126.437074, 124.369245 ] }, { "date": "2024-11-15", "close": 120.915154, "volume": 2813153, "typical_volume": 2288097.55, "trend": 121.358135, "fair_value": 96.55256, "relative_strength": -3.847052, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.531089, "energy": 5.810412, "activity_lines": [ 124.460787, 124.725262, 126.006317, 124.363806 ] }, { "date": "2024-11-22", "close": 123.64257, "volume": 2697165, "typical_volume": 2305027.35, "trend": 121.807716, "fair_value": 96.818471, "relative_strength": -2.10902, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.570295, "energy": 7.304275, "activity_lines": [ 124.127439, 124.402934, 125.82882, 124.511189 ] }, { "date": "2024-11-29", "close": 116.824043, "volume": 3749861, "typical_volume": 2393861.6, "trend": 121.942589, "fair_value": 97.027891, "relative_strength": -4.53499, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.309135, "energy": 37.164899, "activity_lines": [ 121.612162, 122.964846, 124.982457, 124.189661 ] }, { "date": "2024-12-06", "close": 118.642303, "volume": 2847481, "typical_volume": 2408056.3, "trend": 122.079786, "fair_value": 97.269419, "relative_strength": -6.688992, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.151646, "energy": 48.60174, "activity_lines": [ 120.09693, 122.039177, 124.320086, 123.97674 ] }, { "date": "2024-12-13", "close": 119.096878, "volume": 2104640, "typical_volume": 2430629.2, "trend": 122.290419, "fair_value": 97.503635, "relative_strength": -5.358891, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.549101, "energy": 54.516104, "activity_lines": [ 119.248402, 121.320132, 123.716159, 123.784294 ] }, { "date": "2024-12-20", "close": 118.187744, "volume": 9551679, "typical_volume": 2768187.6, "trend": 122.485319, "fair_value": 97.737136, "relative_strength": -3.753667, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.864368, "energy": 58.208707, "activity_lines": [ 118.70292, 120.534969, 123.038636, 123.519605 ] }, { "date": "2024-12-27", "close": 112.278358, "volume": 27768791, "typical_volume": 4034907.4, "trend": 122.628947, "fair_value": 97.93787, "relative_strength": -11.297437, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.832289, "energy": 65.826719, "activity_lines": [ 116.36947, 118.77455, 121.817796, 122.861092 ] }, { "date": "2025-01-03", "close": 113.187492, "volume": 7034214, "typical_volume": 4271077.7, "trend": 122.686314, "fair_value": 98.134205, "relative_strength": -8.888093, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.786374, "energy": 72.815746, "activity_lines": [ 115.096679, 117.410845, 120.722503, 122.251965 ] }, { "date": "2025-01-10", "close": 112.278358, "volume": 2016313, "typical_volume": 4308616.8, "trend": 122.742517, "fair_value": 98.322155, "relative_strength": -9.710784, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.593809, "energy": 74.16614, "activity_lines": [ 113.76328, 116.055405, 119.629375, 121.580484 ] }, { "date": "2025-01-17", "close": 111.823784, "volume": 1858030, "typical_volume": 4331827.5, "trend": 122.521293, "fair_value": 98.519975, "relative_strength": -10.332596, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.292332, "energy": 74.780172, "activity_lines": [ 112.702619, 114.873527, 118.588197, 120.87605 ] }, { "date": "2025-01-24", "close": 112.278358, "volume": 584884, "typical_volume": 4229077.95, "trend": 122.278857, "fair_value": 98.718152, "relative_strength": -11.115218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.949622, "energy": 63.373871, "activity_lines": [ 112.278356, 114.071834, 117.696377, 120.215216 ] }, { "date": "2025-02-07", "close": 112.278358, "volume": 2490314, "typical_volume": 4221542.3, "trend": 122.036421, "fair_value": 98.918886, "relative_strength": -10.646902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.573754, "energy": 51.358123, "activity_lines": [ 112.248052, 113.427174, 116.901965, 119.570022 ] }, { "date": "2025-02-14", "close": 110.91465, "volume": 1852423, "typical_volume": 4118271.8, "trend": 121.76368, "fair_value": 99.110878, "relative_strength": -10.204739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.781132, "energy": 50.092387, "activity_lines": [ 111.763179, 112.741189, 116.064261, 118.852488 ] }, { "date": "2025-02-21", "close": 114.096634, "volume": 1955324, "typical_volume": 3988796.5, "trend": 121.506091, "fair_value": 99.318154, "relative_strength": -9.668062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.319445, "energy": 42.826965, "activity_lines": [ 112.49049, 112.74119, 115.605364, 118.35784 ] }, { "date": "2025-02-28", "close": 113.187492, "volume": 985803, "typical_volume": 3966399.3, "trend": 121.218198, "fair_value": 99.517046, "relative_strength": -7.579499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.609628, "energy": 36.164727, "activity_lines": [ 112.793535, 112.658541, 115.113997, 117.821156 ] }, { "date": "2025-03-07", "close": 112.732918, "volume": 1535882, "typical_volume": 3962772.1, "trend": 120.9, "fair_value": 99.71558, "relative_strength": -5.850476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.819171, "energy": 35.122451, "activity_lines": [ 112.854141, 112.600686, 114.633453, 117.273719 ] }, { "date": "2025-03-14", "close": 112.732918, "volume": 2014484, "typical_volume": 3928570.45, "trend": 120.642412, "fair_value": 99.911558, "relative_strength": -3.184728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.28658, "energy": 29.74414, "activity_lines": [ 112.884444, 112.642009, 114.204859, 116.746811 ] }, { "date": "2025-03-21", "close": 112.732918, "volume": 3012929, "typical_volume": 3988539.4, "trend": 120.006016, "fair_value": 100.104979, "relative_strength": -4.123951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.531666, "energy": 29.117292, "activity_lines": [ 112.884442, 112.675068, 113.83471, 116.236521 ] }, { "date": "2025-03-28", "close": 113.642059, "volume": 1631521, "typical_volume": 3987058.6, "trend": 119.384772, "fair_value": 100.296558, "relative_strength": -0.681013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.753681, "energy": 26.655867, "activity_lines": [ 113.06627, 112.881689, 113.598767, 115.825943 ] }, { "date": "2025-04-04", "close": 111.823784, "volume": 1074026, "typical_volume": 3978945.85, "trend": 118.642311, "fair_value": 100.471368, "relative_strength": -0.86249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.709449, "energy": 34.932044, "activity_lines": [ 112.672311, 112.732921, 113.250265, 115.338137 ] }, { "date": "2025-04-11", "close": 104.096123, "volume": 5349360, "typical_volume": 4105756.2, "trend": 117.687717, "fair_value": 100.581302, "relative_strength": 0.624811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.566635, "energy": 56.595437, "activity_lines": [ 109.793379, 111.179124, 112.24372, 114.399673 ] }, { "date": "2025-04-18", "close": 104.096123, "volume": 1614908, "typical_volume": 4051643.35, "trend": 116.808886, "fair_value": 100.696349, "relative_strength": 1.282942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.481752, "energy": 78.486591, "activity_lines": [ 107.490233, 109.774094, 111.317266, 113.522796 ] }, { "date": "2025-04-25", "close": 103.186989, "volume": 2079385, "typical_volume": 3968119.55, "trend": 116.020968, "fair_value": 100.785115, "relative_strength": -1.855173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.811482, "energy": 85.096614, "activity_lines": [ 105.459829, 108.352536, 110.397307, 112.643964 ] }, { "date": "2025-05-02", "close": 105.459831, "volume": 1160887, "typical_volume": 3883789.85, "trend": 115.354267, "fair_value": 100.880781, "relative_strength": -3.967932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.003342, "energy": 80.684292, "activity_lines": [ 104.823434, 107.484724, 109.758747, 111.962601 ] }, { "date": "2025-05-09", "close": 110.460083, "volume": 2497308, "typical_volume": 3903423.25, "trend": 114.884547, "fair_value": 101.028952, "relative_strength": 0.069488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.165343, "energy": 54.391001, "activity_lines": [ 106.399272, 107.683082, 109.659175, 111.646847 ] }, { "date": "2025-05-16", "close": 108.187241, "volume": 2701257, "typical_volume": 3560902.15, "trend": 114.369369, "fair_value": 101.167668, "relative_strength": -5.95842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.886017, "energy": 37.89062, "activity_lines": [ 107.308409, 107.517785, 109.384269, 111.214762 ] }, { "date": "2025-05-23", "close": 107.278107, "volume": 2080721, "typical_volume": 2276498.65, "trend": 113.778431, "fair_value": 101.315896, "relative_strength": -5.803604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.167607, "energy": 24.806229, "activity_lines": [ 107.64176, 107.269839, 109.070401, 110.757262 ] }, { "date": "2025-05-30", "close": 107.732674, "volume": 1784245, "typical_volume": 2014000.2, "trend": 113.278405, "fair_value": 101.464481, "relative_strength": -3.996108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.683549, "energy": 19.402686, "activity_lines": [ 107.914501, 107.203721, 108.823636, 110.367213 ] }, { "date": "2025-06-06", "close": 108.187241, "volume": 1759420, "typical_volume": 2001155.55, "trend": 112.672314, "fair_value": 101.60064, "relative_strength": -4.949431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.520642, "energy": 19.922133, "activity_lines": [ 108.035719, 107.311164, 108.646138, 110.038751 ] }, { "date": "2025-06-13", "close": 111.369217, "volume": 1930687, "typical_volume": 2004788.4, "trend": 112.11168, "fair_value": 101.772536, "relative_strength": -3.962472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.93646, "energy": 11.822095, "activity_lines": [ 109.035768, 108.096327, 108.791166, 109.95468 ] }, { "date": "2025-06-20", "close": 107.278107, "volume": 5179822, "typical_volume": 2234535.3, "trend": 111.657112, "fair_value": 101.90798, "relative_strength": -7.359918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.191148, "energy": 15.196791, "activity_lines": [ 108.611505, 108.145917, 108.54873, 109.642836 ] }, { "date": "2025-06-27", "close": 106.971977, "volume": 5749104, "typical_volume": 2397474.8, "trend": 111.101425, "fair_value": 102.051689, "relative_strength": -9.692282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.953281, "energy": 15.979164, "activity_lines": [ 108.145808, 108.081993, 108.30095, 109.34057 ] }, { "date": "2025-07-04", "close": 107.447411, "volume": 7169329, "typical_volume": 2663320.1, "trend": 110.788871, "fair_value": 102.176847, "relative_strength": -9.018015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.857167, "energy": 19.031447, "activity_lines": [ 107.858997, 108.052223, 108.123717, 109.104827 ] }, { "date": "2025-07-11", "close": 106.496552, "volume": 2332309, "typical_volume": 2682169.35, "trend": 110.384013, "fair_value": 102.312014, "relative_strength": -10.500369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.543017, "energy": 29.918816, "activity_lines": [ 107.274251, 107.772107, 107.872437, 108.827903 ] }, { "date": "2025-07-18", "close": 107.922844, "volume": 1831944, "typical_volume": 2724476.4, "trend": 110.011545, "fair_value": 102.459007, "relative_strength": -11.635175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.717717, "energy": 28.355211, "activity_lines": [ 107.277648, 107.732467, 107.793185, 108.669118 ] }, { "date": "2025-07-25", "close": 107.447411, "volume": 1341381, "typical_volume": 2714751.35, "trend": 109.653534, "fair_value": 102.597584, "relative_strength": -11.717146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.007389, "energy": 27.399233, "activity_lines": [ 107.352326, 107.652517, 107.693724, 108.50369 ] }, { "date": "2025-08-01", "close": 108.398275, "volume": 2585171, "typical_volume": 2743285.7, "trend": 109.524198, "fair_value": 102.744941, "relative_strength": -10.911834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.223254, "energy": 17.046745, "activity_lines": [ 107.732671, 107.758903, 107.70999, 108.422706 ] }, { "date": "2025-08-08", "close": 109.82457, "volume": 2618398, "typical_volume": 2723559.15, "trend": 109.4121, "fair_value": 102.898757, "relative_strength": -11.591474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.074091, "energy": 7.056356, "activity_lines": [ 108.493362, 108.104248, 107.882735, 108.442084 ] }, { "date": "2025-08-15", "close": 108.873703, "volume": 2089906, "typical_volume": 2746478.4, "trend": 109.298612, "fair_value": 103.043793, "relative_strength": -13.117713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.014956, "energy": 10.909439, "activity_lines": [ 108.778619, 108.238674, 107.97877, 108.407349 ] }, { "date": "2025-08-22", "close": 106.971977, "volume": 2191442, "typical_volume": 2802349.2, "trend": 109.136885, "fair_value": 103.171272, "relative_strength": -12.129333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.917409, "energy": 11.589493, "activity_lines": [ 108.271491, 108.01485, 107.916395, 108.257244 ] }, { "date": "2025-08-29", "close": 106.496552, "volume": 1793898, "typical_volume": 2624576.1, "trend": 108.944158, "fair_value": 103.295703, "relative_strength": -13.701293, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.15354, "energy": 17.886212, "activity_lines": [ 107.669279, 107.784536, 107.831846, 108.0869 ] }, { "date": "2025-09-05", "close": 107.447411, "volume": 1320776, "typical_volume": 2609869.5, "trend": 108.783126, "fair_value": 103.426229, "relative_strength": -13.324949, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.343041, "energy": 20.589397, "activity_lines": [ 107.447411, 107.741315, 107.826424, 107.990335 ] }, { "date": "2025-09-12", "close": 107.447411, "volume": 1268552, "typical_volume": 2569327.85, "trend": 108.667552, "fair_value": 103.56749, "relative_strength": -16.029495, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.92182, "energy": 23.819883, "activity_lines": [ 107.288934, 107.689449, 107.805043, 107.90416 ] }, { "date": "2025-09-19", "close": 106.496552, "volume": 2752633, "typical_volume": 2648915.15, "trend": 108.414216, "fair_value": 103.70534, "relative_strength": -16.524615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.644251, "energy": 36.598642, "activity_lines": [ 106.971981, 107.4647, 107.672816, 107.764096 ] }, { "date": "2025-09-26", "close": 106.021118, "volume": 1711711, "typical_volume": 2609635.3, "trend": 108.175337, "fair_value": 103.84551, "relative_strength": -16.39474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.84239, "energy": 42.652709, "activity_lines": [ 106.655027, 107.153509, 107.490374, 107.609702 ] }, { "date": "2025-10-03", "close": 104.594826, "volume": 1783574, "typical_volume": 2563751.15, "trend": 107.904067, "fair_value": 103.981905, "relative_strength": -20.669739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.005586, "energy": 58.651196, "activity_lines": [ 105.926033, 106.617569, 107.193232, 107.378701 ] }, { "date": "2025-10-10", "close": 104.594826, "volume": 1378562, "typical_volume": 2528643.2, "trend": 107.632797, "fair_value": 104.110248, "relative_strength": -21.7054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.196817, "energy": 65.768486, "activity_lines": [ 105.32382, 106.133493, 106.913196, 107.165202 ] }, { "date": "2025-10-17", "close": 102.6931, "volume": 3556815, "typical_volume": 2617271.7, "trend": 107.298136, "fair_value": 104.237137, "relative_strength": -22.632284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.935675, "energy": 77.516869, "activity_lines": [ 104.277871, 105.372803, 106.464822, 106.846512 ] }, { "date": "2025-10-24", "close": 105.545685, "volume": 1517716, "typical_volume": 2605186.5, "trend": 107.028257, "fair_value": 104.398414, "relative_strength": -20.680019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.54387, "energy": 65.380899, "activity_lines": [ 104.499738, 105.260428, 106.31212, 106.733451 ] }, { "date": "2025-10-31", "close": 102.6931, "volume": 2325935, "typical_volume": 2624948.9, "trend": 106.723901, "fair_value": 104.560728, "relative_strength": -24.252173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.569685, "energy": 68.531925, "activity_lines": [ 103.834135, 104.689911, 105.900322, 106.453763 ] }, { "date": "2025-11-07", "close": 103.168533, "volume": 2864120, "typical_volume": 2509163.8, "trend": 106.692982, "fair_value": 104.727701, "relative_strength": -21.730602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.17974, "energy": 61.7832, "activity_lines": [ 103.548876, 104.283634, 105.575119, 106.224384 ] }, { "date": "2025-11-14", "close": 102.217667, "volume": 1579558, "typical_volume": 2300686.5, "trend": 106.630366, "fair_value": 104.881601, "relative_strength": -21.189164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.937319, "energy": 55.613433, "activity_lines": [ 103.041749, 103.764981, 105.178926, 105.935654 ] }, { "date": "2025-11-21", "close": 101.266808, "volume": 2466968, "typical_volume": 2065568.45, "trend": 106.56636, "fair_value": 105.008471, "relative_strength": -18.587891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.228227, "energy": 74.40763, "activity_lines": [ 102.376146, 103.168531, 104.714815, 105.589618 ] }, { "date": "2025-11-28", "close": 103.168533, "volume": 1679219, "typical_volume": 2032913.95, "trend": 106.489984, "fair_value": 105.143775, "relative_strength": -20.092943, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.415816, "energy": 59.098653, "activity_lines": [ 102.439538, 103.030224, 104.461252, 105.370404 ] }, { "date": "2025-12-05", "close": 102.217667, "volume": 1816620, "typical_volume": 2032147.75, "trend": 106.215237, "fair_value": 105.259564, "relative_strength": -21.315957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.222705, "energy": 50.985484, "activity_lines": [ 102.344451, 102.779542, 104.132977, 105.09477 ] }, { "date": "2025-12-12", "close": 102.217667, "volume": 1509841, "typical_volume": 2040570.75, "trend": 106.016251, "fair_value": 105.367301, "relative_strength": -21.436843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.751475, "energy": 44.327607, "activity_lines": [ 102.281059, 102.598013, 103.831871, 104.836863 ] }, { "date": "2025-12-19", "close": 101.266808, "volume": 3137956, "typical_volume": 2068210.0, "trend": 105.815874, "fair_value": 105.482899, "relative_strength": -20.2536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.096781, "energy": 43.975856, "activity_lines": [ 101.964106, 102.286822, 103.46511, 104.530447 ] }, { "date": "2025-12-26", "close": 101.266808, "volume": 2704595, "typical_volume": 2072519.85, "trend": 105.600345, "fair_value": 105.608159, "relative_strength": -22.097512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.059183, "energy": 44.599554, "activity_lines": [ 101.710543, 102.036141, 103.132308, 104.236959 ] }, { "date": "2026-01-02", "close": 102.6931, "volume": 1577775, "typical_volume": 2046913.3, "trend": 105.417207, "fair_value": 105.731827, "relative_strength": -22.704275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.761972, "energy": 37.62795, "activity_lines": [ 101.93241, 102.070718, 102.976095, 104.049395 ] }, { "date": "2026-01-09", "close": 104.594826, "volume": 2806853, "typical_volume": 2077683.85, "trend": 105.191394, "fair_value": 105.865538, "relative_strength": -23.228715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.822935, "energy": 20.550843, "activity_lines": [ 102.819882, 102.502928, 103.03043, 103.996338 ] }, { "date": "2026-01-16", "close": 102.6931, "volume": 2570478, "typical_volume": 2116512.85, "trend": 105.038561, "fair_value": 105.992963, "relative_strength": -26.808067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.269097, "energy": 16.689146, "activity_lines": [ 102.914969, 102.554793, 102.914968, 103.835158 ] }, { "date": "2026-01-23", "close": 101.266808, "volume": 3095464, "typical_volume": 2205247.25, "trend": 104.848388, "fair_value": 106.105877, "relative_strength": -28.561723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.991829, "energy": 20.250612, "activity_lines": [ 102.502928, 102.355977, 102.681781, 103.591819 ] }, { "date": "2026-01-30", "close": 101.266808, "volume": 3439391, "typical_volume": 2313789.2, "trend": 104.642368, "fair_value": 106.220402, "relative_strength": -28.287544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.357002, "energy": 26.904762, "activity_lines": [ 102.090888, 102.174449, 102.478025, 103.360749 ] }, { "date": "2026-02-06", "close": 99.840515, "volume": 2860408, "typical_volume": 2319177.95, "trend": 104.4205, "fair_value": 106.320952, "relative_strength": -28.158108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.379369, "energy": 53.947766, "activity_lines": [ 101.203417, 101.733595, 102.167862, 103.050952 ] }, { "date": "2026-02-13", "close": 100.315948, "volume": 1753020, "typical_volume": 2321243.4, "trend": 104.166937, "fair_value": 106.424551, "relative_strength": -31.184858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.700859, "energy": 60.965391, "activity_lines": [ 100.664596, 101.439692, 101.934675, 102.786142 ] }, { "date": "2026-02-27", "close": 100.791374, "volume": 2347146, "typical_volume": 2349422.0, "trend": 103.945069, "fair_value": 106.533881, "relative_strength": -33.814388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.809004, "energy": 59.014646, "activity_lines": [ 100.569509, 101.266808, 101.773934, 102.568364 ] }, { "date": "2026-03-06", "close": 100.791374, "volume": 2768403, "typical_volume": 2418914.05, "trend": 103.691506, "fair_value": 106.637843, "relative_strength": -29.638196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.369252, "energy": 51.624237, "activity_lines": [ 100.601203, 101.119856, 101.631304, 102.3649 ] }, { "date": "2026-03-13", "close": 107.447411, "volume": 6596607, "typical_volume": 2570903.65, "trend": 103.612267, "fair_value": 106.779104, "relative_strength": -23.934733, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 9.002679, "energy": 10.211509, "activity_lines": [ 102.883272, 102.191737, 102.140695, 102.607216 ] }, { "date": "2026-03-20", "close": 107.922844, "volume": 4267761, "typical_volume": 2708405.9, "trend": 103.580572, "fair_value": 106.923414, "relative_strength": -23.25712, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.788867, "energy": 35.137977, "activity_lines": [ 104.911779, 103.237685, 102.672725, 102.885318 ] }, { "date": "2026-03-27", "close": 108.398277, "volume": 2870646, "typical_volume": 2735641.45, "trend": 103.628115, "fair_value": 107.07077, "relative_strength": -21.264121, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.152289, "energy": 55.015685, "activity_lines": [ 106.559941, 104.27499, 103.238715, 103.196138 ] }, { "date": "2026-04-03", "close": 109.82457, "volume": 2693437, "typical_volume": 2727107.3, "trend": 103.739049, "fair_value": 107.221902, "relative_strength": -18.190528, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.090041, "energy": 71.662274, "activity_lines": [ 108.144712, 105.502467, 103.913374, 103.595909 ] }, { "date": "2026-04-10", "close": 110.299995, "volume": 2103974, "typical_volume": 2753328.1, "trend": 103.834135, "fair_value": 107.362663, "relative_strength": -23.676501, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.309743, "energy": 83.899123, "activity_lines": [ 109.285746, 106.686722, 104.601617, 104.019196 ] }, { "date": "2026-04-17", "close": 110.775429, "volume": 2420997, "typical_volume": 2751029.55, "trend": 103.945069, "fair_value": 107.514522, "relative_strength": -25.419533, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.689033, "energy": 84.748371, "activity_lines": [ 109.951349, 107.79318, 105.296652, 104.467021 ] }, { "date": "2026-04-24", "close": 108.398277, "volume": 2838928, "typical_volume": 2809015.0, "trend": 104.00846, "fair_value": 107.637724, "relative_strength": -30.149373, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.605064, "energy": 74.774972, "activity_lines": [ 109.6027, 108.294544, 105.720012, 104.754325 ] }, { "date": "2026-05-01", "close": 107.447411, "volume": 1579244, "typical_volume": 2797146.2, "trend": 104.056003, "fair_value": 107.757515, "relative_strength": -29.929637, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.883477, "energy": 50.655586, "activity_lines": [ 108.905401, 108.467428, 106.027911, 104.976193 ] }, { "date": "2026-05-08", "close": 108.398277, "volume": 1940570, "typical_volume": 2818682.65, "trend": 104.182785, "fair_value": 107.869982, "relative_strength": -33.052124, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.180173, "energy": 38.329062, "activity_lines": [ 108.588448, 108.683534, 106.401464, 105.256339 ] }, { "date": "2026-05-15", "close": 106.496552, "volume": 2298597, "typical_volume": 2776714.7, "trend": 104.246176, "fair_value": 107.96489, "relative_strength": -32.640242, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.817488, "energy": 25.265591, "activity_lines": [ 107.732672, 108.415564, 106.564469, 105.405615 ] }, { "date": "2026-05-22", "close": 106.496552, "volume": 2389344, "typical_volume": 2760952.15, "trend": 104.372957, "fair_value": 108.054431, "relative_strength": -33.57683, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.214853, "energy": 22.4572, "activity_lines": [ 107.13046, 108.043863, 106.702571, 105.5508 ] }, { "date": "2026-05-29", "close": 108.398277, "volume": 1936855, "typical_volume": 2778906.15, "trend": 104.468044, "fair_value": 108.115905, "relative_strength": -35.285744, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.600166, "energy": 20.396605, "activity_lines": [ 107.447414, 108.035219, 106.996885, 105.810498 ] }, { "date": "2026-06-05", "close": 110.775429, "volume": 3566138, "typical_volume": 2816870.4, "trend": 104.737455, "fair_value": 108.216771, "relative_strength": -33.478072, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.835966, "energy": 33.715043, "activity_lines": [ 108.556753, 108.450141, 107.490428, 106.217426 ] }, { "date": "2026-06-12", "close": 116.005173, "volume": 4709750, "typical_volume": 2923834.0, "trend": 105.165343, "fair_value": 108.310904, "relative_strength": -28.027921, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 86.797163, "energy": 75.897117, "activity_lines": [ 111.187471, 109.772704, 108.45261, 106.944376 ] }, { "date": "2026-06-19", "close": 111.250862, "volume": 5408134, "typical_volume": 3039467.5, "trend": 105.466449, "fair_value": 108.398715, "relative_strength": -33.45877, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.161244, "energy": 71.050268, "activity_lines": [ 111.726293, 110.118472, 108.89861, 107.33699 ] }, { "date": "2026-06-26", "close": 105.5, "volume": 8770908, "typical_volume": 3306043.35, "trend": 105.607556, "fair_value": 108.438927, "relative_strength": -33.327323, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.024023, "energy": 38.591778, "activity_lines": [ 110.031207, 109.40134, 108.749365, 107.339154 ] }, { "date": "2026-07-03", "close": 107.0, "volume": 3348272, "typical_volume": 3330436.55, "trend": 105.735271, "fair_value": 108.491555, "relative_strength": -34.705628, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.649438, "energy": 23.866274, "activity_lines": [ 108.902557, 109.052853, 108.72282, 107.42899 ] }, { "date": "2026-07-10", "close": 107.5, "volume": 0, "typical_volume": 3242785.55, "trend": 105.911349, "fair_value": 108.538983, "relative_strength": -31.436437, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.391544, "energy": 19.500986, "activity_lines": [ 108.033793, 108.820697, 108.709801, 107.542843 ] }, { "date": "2026-07-17", "close": 109.0, "volume": 3492658, "typical_volume": 3300061.15, "trend": 106.137427, "fair_value": 108.624047, "relative_strength": -25.223433, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.294795, "energy": 21.014529, "activity_lines": [ 107.883391, 108.860313, 108.805429, 107.742111 ] }, { "date": "2026-07-24", "close": 110.0, "volume": 3632132, "typical_volume": 3343247.6, "trend": 106.428533, "fair_value": 108.698708, "relative_strength": -25.357028, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.784031, "energy": 16.351484, "activity_lines": [ 108.533333, 109.070807, 108.957206, 107.991309 ] }, { "date": "2026-07-31", "close": 109.0, "volume": 3862432, "typical_volume": 3206538.85, "trend": 106.686306, "fair_value": 108.78097, "relative_strength": -24.223777, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.788988, "energy": 14.338116, "activity_lines": [ 108.933333, 109.035784, 108.969895, 108.15721 ] }, { "date": "2026-08-07", "close": 108.0, "volume": 1812919, "typical_volume": 3083796.75, "trend": 106.863203, "fair_value": 108.854019, "relative_strength": -25.863648, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.655198, "energy": 11.021414, "activity_lines": [ 108.766667, 108.773425, 108.879953, 108.241965 ] }, { "date": "2026-08-14", "close": 107.5, "volume": 1026136, "typical_volume": 2991571.25, "trend": 106.960042, "fair_value": 108.940676, "relative_strength": -27.82243, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.327475, "energy": 6.229936, "activity_lines": [ 108.366667, 108.427398, 108.742024, 108.283048 ] } ], "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." } } }