{ "ticker": { "uuid": "2299df86-3ec6-41be-9dc3-cded768e5094", "symbol": "FOI-B", "name": "Fenix Outdoor International AG", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -81.477, "architecture_energy": 85.943, "architecture_maturity": 40.913, "architecture_confidence": 85.655, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 14.14, "rotation_up": 10.37, "upward_expansion": 19.72, "deceleration": 37.14, "rotation_down": 76.94, "downward_expansion": 93.05 }, "activity_lines": [ 374.733333, 389.809091, 405.219603, 418.84621 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 356.5, "trend_reference": 438.18251, "distance_from_trend": -0.186412, "trend_direction": "Weakening", "fair_value": 555.627071, "distance_from_fair_value": -0.358383, "fair_value_direction": "Weakening", "relative_strength": -30.571422, "relative_strength_direction": "Weakening", "price_momentum": -0.244982, "excess_performance": -0.306476, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.186412, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.056694, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.358383, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.103134, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.305714, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.10523, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.244982, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.21301, "read": "Supply-led" } ], "volume": { "latest": 9408, "relative_activity": 1.118475, "balance": 0.21301, "dry_up": 1.283132, "accumulation_observations": 1, "distribution_observations": 6 }, "risk": { "range_context": 0.066998, "annualized_volatility": 0.319739, "from_high_reference": -0.337461, "from_low_reference": 0.030347 }, "levels": { "trend_reference": 438.18251, "fair_value_reference": 555.627071, "structural_low": 346.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 34, "median_return": -0.018525, "positive_rate": 0.352941, "directional_follow_through": 0.647059, "median_excess_return": -0.006996, "regime_survival": 0.852941, "best_return": 0.17, "worst_return": -0.144231, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.068237, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.082802, "regime_survival": 0.636364, "best_return": 0.174242, "worst_return": -0.229814, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.098612, "positive_rate": 0.166667, "directional_follow_through": 0.666667, "median_excess_return": -0.088486, "regime_survival": 0.333333, "best_return": 0.001595, "worst_return": -0.203002, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.203002, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.208634, "regime_survival": 0.333333, "best_return": -0.114205, "worst_return": -0.206675, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.015762, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-24", "end": "2024-07-12", "tenure": "Developing", "return": 0.059322, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-07-19", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-09-06", "tenure": "Developing", "return": 0.022293, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-13", "end": "2024-09-20", "tenure": "New", "return": 0.00315, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2024-12-13", "tenure": "Developing", "return": 0.14992, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-20", "end": "2025-01-17", "tenure": "Developing", "return": -0.02849, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-04-04", "tenure": "Developing", "return": -0.098187, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.061017, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-11-28", "tenure": "Extended", "return": -0.133333, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-03-20", "tenure": "Established", "return": -0.128458, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.130286, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": -0.076719, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": -0.174769, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 565.600159, "volume": 13662, "typical_volume": 9085.95, "trend": 735.127734, "fair_value": 903.353128, "relative_strength": -25.098135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.219404, "energy": 91.176434, "activity_lines": [ 576.851331, 608.31042, 657.312437, 689.678365 ] }, { "date": "2023-08-25", "close": 575.63501, "volume": 6640, "typical_volume": 9116.7, "trend": 725.35591, "fair_value": 901.804325, "relative_strength": -23.334311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.048089, "energy": 83.670853, "activity_lines": [ 572.776583, 597.661882, 645.908763, 679.388511 ] }, { "date": "2023-09-01", "close": 591.143372, "volume": 20588, "typical_volume": 9834.5, "trend": 716.190692, "fair_value": 900.421247, "relative_strength": -22.059784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.648259, "energy": 64.885908, "activity_lines": [ 578.4934, 592.221503, 636.91268, 670.729638 ] }, { "date": "2023-09-08", "close": 581.108582, "volume": 9917, "typical_volume": 10148.9, "trend": 707.76688, "fair_value": 898.924109, "relative_strength": -22.42937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.225853, "energy": 61.95922, "activity_lines": [ 580.743653, 586.648443, 627.903047, 662.014663 ] }, { "date": "2023-09-15", "close": 582.020752, "volume": 12976, "typical_volume": 10554.7, "trend": 698.237801, "fair_value": 897.189668, "relative_strength": -22.449432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.836246, "energy": 58.88911, "activity_lines": [ 581.655892, 583.032574, 619.940332, 653.90201 ] }, { "date": "2023-09-22", "close": 607.563965, "volume": 8340, "typical_volume": 10645.15, "trend": 689.918795, "fair_value": 895.718437, "relative_strength": -17.42265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.092544, "energy": 45.006107, "activity_lines": [ 591.143356, 585.586885, 615.213959, 648.052085 ] }, { "date": "2023-09-29", "close": 607.563965, "volume": 10085, "typical_volume": 10939.9, "trend": 683.273415, "fair_value": 894.12563, "relative_strength": -16.521894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.594163, "energy": 36.256744, "activity_lines": [ 597.833232, 589.202735, 611.252146, 642.73887 ] }, { "date": "2023-10-06", "close": 598.441406, "volume": 2662, "typical_volume": 10183.9, "trend": 677.369965, "fair_value": 892.413558, "relative_strength": -17.211267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.669514, "energy": 29.740032, "activity_lines": [ 599.353658, 591.839986, 607.120916, 637.265837 ] }, { "date": "2023-10-13", "close": 618.511169, "volume": 9747, "typical_volume": 10422.15, "trend": 673.181521, "fair_value": 890.95724, "relative_strength": -15.310106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.540019, "energy": 20.683506, "activity_lines": [ 607.07747, 597.96042, 605.548362, 633.468496 ] }, { "date": "2023-10-20", "close": 591.143372, "volume": 4762, "typical_volume": 10073.75, "trend": 667.781954, "fair_value": 889.308908, "relative_strength": -14.14654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.059122, "energy": 21.745938, "activity_lines": [ 603.185177, 597.977008, 601.903673, 628.175712 ] }, { "date": "2023-10-27", "close": 563.775635, "volume": 5593, "typical_volume": 9975.45, "trend": 660.812636, "fair_value": 887.816709, "relative_strength": -16.404605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.02361, "energy": 37.04233, "activity_lines": [ 589.56213, 592.868364, 596.351931, 621.465627 ] }, { "date": "2023-11-03", "close": 587.494263, "volume": 11261, "typical_volume": 10044.9, "trend": 654.693709, "fair_value": 886.222352, "relative_strength": -15.471984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.941704, "energy": 31.550441, "activity_lines": [ 586.764514, 592.105371, 593.927923, 616.735409 ] }, { "date": "2023-11-10", "close": 603.914978, "volume": 4541, "typical_volume": 10037.55, "trend": 648.524418, "fair_value": 884.821673, "relative_strength": -12.243284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.704951, "energy": 27.476733, "activity_lines": [ 590.778451, 594.11234, 593.636868, 613.459362 ] }, { "date": "2023-11-17", "close": 637.668518, "volume": 5685, "typical_volume": 9831.55, "trend": 643.689447, "fair_value": 883.664994, "relative_strength": -10.455377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.648891, "energy": 8.449149, "activity_lines": [ 605.678662, 602.024106, 596.942716, 612.758981 ] }, { "date": "2023-11-24", "close": 655.001465, "volume": 6562, "typical_volume": 9888.6, "trend": 640.496543, "fair_value": 882.547584, "relative_strength": -8.863415, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.581334, "energy": 16.275954, "activity_lines": [ 625.079366, 612.058953, 602.099149, 613.488789 ] }, { "date": "2023-12-01", "close": 685.105957, "volume": 8609, "typical_volume": 9907.85, "trend": 637.729358, "fair_value": 881.518155, "relative_strength": -5.250849, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.376618, "energy": 47.707378, "activity_lines": [ 650.257695, 626.240423, 610.174806, 616.366815 ] }, { "date": "2023-12-08", "close": 652.264709, "volume": 10224, "typical_volume": 9936.15, "trend": 634.323594, "fair_value": 880.377675, "relative_strength": -11.859107, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.128878, "energy": 47.544331, "activity_lines": [ 656.400252, 633.040902, 615.031499, 617.30458 ] }, { "date": "2023-12-15", "close": 701.526611, "volume": 67273, "typical_volume": 12245.45, "trend": 633.228884, "fair_value": 879.403771, "relative_strength": -7.663688, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.153974, "energy": 63.602598, "activity_lines": [ 674.645414, 647.98535, 624.545049, 621.640259 ] }, { "date": "2023-12-22", "close": 694.228516, "volume": 6290, "typical_volume": 11918.55, "trend": 632.012539, "fair_value": 878.383085, "relative_strength": -7.799889, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.384361, "energy": 62.070489, "activity_lines": [ 683.950435, 659.728596, 632.82922, 625.575719 ] }, { "date": "2023-12-29", "close": 706.087952, "volume": 2868, "typical_volume": 11414.25, "trend": 630.948238, "fair_value": 877.23948, "relative_strength": -6.600439, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.232591, "energy": 60.413943, "activity_lines": [ 693.437935, 672.251423, 641.586903, 630.354778 ] }, { "date": "2024-01-05", "close": 692.404053, "volume": 5254, "typical_volume": 10993.85, "trend": 629.154132, "fair_value": 875.455545, "relative_strength": -5.506291, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.19031, "energy": 65.928899, "activity_lines": [ 694.95837, 680.196367, 648.454907, 634.319669 ] }, { "date": "2024-01-12", "close": 684.193787, "volume": 6674, "typical_volume": 10995.55, "trend": 628.393919, "fair_value": 873.453195, "relative_strength": -6.840594, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.646829, "energy": 56.480397, "activity_lines": [ 693.25551, 684.309837, 653.937152, 637.870614 ] }, { "date": "2024-01-19", "close": 670.509888, "volume": 26540, "typical_volume": 11293.15, "trend": 627.937789, "fair_value": 871.263659, "relative_strength": -5.91194, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.88965, "energy": 41.05494, "activity_lines": [ 684.862744, 684.177152, 657.599222, 640.587774 ] }, { "date": "2024-01-26", "close": 685.105957, "volume": 6476, "typical_volume": 11121.1, "trend": 628.120241, "fair_value": 869.676091, "relative_strength": -6.172808, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.949585, "energy": 31.841498, "activity_lines": [ 683.403117, 685.487481, 662.273458, 644.276043 ] }, { "date": "2024-02-02", "close": 673.246582, "volume": 7706, "typical_volume": 10857.6, "trend": 628.363509, "fair_value": 867.691986, "relative_strength": -7.170425, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.944487, "energy": 26.346886, "activity_lines": [ 678.598535, 683.779062, 665.323005, 647.187419 ] }, { "date": "2024-02-09", "close": 653.17688, "volume": 4933, "typical_volume": 10687.25, "trend": 627.937787, "fair_value": 865.269765, "relative_strength": -8.765249, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.692484, "energy": 20.559087, "activity_lines": [ 669.293477, 678.089876, 666.026742, 648.788282 ] }, { "date": "2024-02-16", "close": 598.441406, "volume": 30843, "typical_volume": 11725.15, "trend": 626.386945, "fair_value": 862.695618, "relative_strength": -17.656193, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.610539, "energy": 14.541392, "activity_lines": [ 644.358407, 663.029315, 661.300373, 646.88529 ] }, { "date": "2024-02-23", "close": 587.494263, "volume": 27888, "typical_volume": 12986.45, "trend": 626.326125, "fair_value": 860.095504, "relative_strength": -19.285508, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.509425, "energy": 38.091912, "activity_lines": [ 621.491113, 646.956969, 655.574859, 644.376084 ] }, { "date": "2024-03-01", "close": 582.933044, "volume": 8121, "typical_volume": 12905.15, "trend": 627.207975, "fair_value": 857.598779, "relative_strength": -20.135679, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.38817, "energy": 57.05866, "activity_lines": [ 602.637789, 632.128627, 649.467073, 641.576531 ] }, { "date": "2024-03-08", "close": 572.898193, "volume": 9236, "typical_volume": 13128.85, "trend": 626.87348, "fair_value": 854.916153, "relative_strength": -21.710375, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.267994, "energy": 70.780743, "activity_lines": [ 587.251041, 617.49932, 642.573006, 638.072674 ] }, { "date": "2024-03-15", "close": 582.020752, "volume": 6877, "typical_volume": 13193.05, "trend": 627.420833, "fair_value": 852.524103, "relative_strength": -21.253106, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.527451, "energy": 69.086801, "activity_lines": [ 581.59504, 606.950292, 636.634637, 635.178949 ] }, { "date": "2024-03-22", "close": 583.845276, "volume": 6719, "typical_volume": 12965.95, "trend": 627.694509, "fair_value": 849.95586, "relative_strength": -20.34419, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.179844, "energy": 70.26493, "activity_lines": [ 581.290955, 598.739965, 630.78315, 632.367623 ] }, { "date": "2024-03-29", "close": 629.458252, "volume": 16986, "typical_volume": 13588.2, "trend": 628.971672, "fair_value": 847.414753, "relative_strength": -13.008549, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.990491, "energy": 35.420969, "activity_lines": [ 597.16427, 600.647424, 629.293132, 632.481413 ] }, { "date": "2024-04-05", "close": 637.668518, "volume": 17735, "typical_volume": 14190.7, "trend": 630.857003, "fair_value": 844.649971, "relative_strength": -10.812887, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.739641, "energy": 13.151683, "activity_lines": [ 612.976742, 604.794053, 628.46341, 633.0425 ] }, { "date": "2024-04-12", "close": 646.791138, "volume": 19480, "typical_volume": 14836.6, "trend": 633.016016, "fair_value": 841.965771, "relative_strength": -9.047636, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 9.853872, "energy": 20.540058, "activity_lines": [ 628.181055, 611.461839, 628.502508, 634.070509 ] }, { "date": "2024-04-19", "close": 632.194946, "volume": 5716, "typical_volume": 14691.95, "trend": 633.837048, "fair_value": 838.978014, "relative_strength": -10.343291, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 6.339789, "energy": 22.35133, "activity_lines": [ 633.593774, 615.956779, 627.19059, 634.017536 ] }, { "date": "2024-04-26", "close": 640.405334, "volume": 5238, "typical_volume": 14442.65, "trend": 634.931761, "fair_value": 836.059923, "relative_strength": -10.664896, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.135175, "energy": 19.788042, "activity_lines": [ 638.398344, 622.326008, 626.912571, 634.441297 ] }, { "date": "2024-05-03", "close": 656.090881, "volume": 13026, "typical_volume": 11730.3, "trend": 636.85341, "fair_value": 833.410134, "relative_strength": -7.304214, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.882354, "energy": 25.199978, "activity_lines": [ 644.660758, 630.784173, 628.184886, 635.806401 ] }, { "date": "2024-05-10", "close": 644.907471, "volume": 7488, "typical_volume": 11790.2, "trend": 637.733287, "fair_value": 830.789309, "relative_strength": -11.365485, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.51349, "energy": 19.509334, "activity_lines": [ 645.419861, 635.96178, 628.608476, 636.326018 ] }, { "date": "2024-05-17", "close": 650.499268, "volume": 8709, "typical_volume": 12082.25, "trend": 639.711816, "fair_value": 827.880006, "relative_strength": -9.268014, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.862613, "energy": 25.611313, "activity_lines": [ 647.560299, 641.029269, 629.79948, 637.14963 ] }, { "date": "2024-05-24", "close": 659.818665, "volume": 24506, "typical_volume": 13044.85, "trend": 642.913251, "fair_value": 825.008075, "relative_strength": -8.300911, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.824671, "energy": 36.629898, "activity_lines": [ 652.559994, 646.380266, 632.142753, 638.446846 ] }, { "date": "2024-05-31", "close": 647.703369, "volume": 18180, "typical_volume": 13620.15, "trend": 644.920221, "fair_value": 822.338072, "relative_strength": -8.811271, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.07485, "energy": 25.355446, "activity_lines": [ 651.679675, 648.113974, 633.487357, 638.755886 ] }, { "date": "2024-06-07", "close": 657.954834, "volume": 5585, "typical_volume": 12572.4, "trend": 646.72155, "fair_value": 819.935086, "relative_strength": -7.577948, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.885021, "energy": 25.191314, "activity_lines": [ 653.729977, 650.550528, 635.982055, 639.596829 ] }, { "date": "2024-06-14", "close": 662.614563, "volume": 4787, "typical_volume": 12487.95, "trend": 647.553084, "fair_value": 817.919842, "relative_strength": -4.361061, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.379375, "energy": 22.071381, "activity_lines": [ 657.209257, 653.316187, 638.980323, 640.622184 ] }, { "date": "2024-06-21", "close": 663.546448, "volume": 6954, "typical_volume": 12450.35, "trend": 647.837917, "fair_value": 815.955307, "relative_strength": -4.35121, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.874337, "energy": 23.829977, "activity_lines": [ 659.818693, 655.797714, 642.174444, 641.654014 ] }, { "date": "2024-06-28", "close": 673.797913, "volume": 9171, "typical_volume": 12662.25, "trend": 647.460982, "fair_value": 813.351923, "relative_strength": -2.487611, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.376793, "energy": 35.562023, "activity_lines": [ 664.975472, 659.838502, 646.391085, 643.328853 ] }, { "date": "2024-07-05", "close": 687.7771, "volume": 7501, "typical_volume": 11495.15, "trend": 648.644729, "fair_value": 810.771049, "relative_strength": 0.235255, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.238167, "energy": 49.332264, "activity_lines": [ 673.86003, 665.664543, 651.840883, 645.929892 ] }, { "date": "2024-07-12", "close": 698.96051, "volume": 4984, "typical_volume": 10349.95, "trend": 648.559192, "fair_value": 807.848073, "relative_strength": -0.786492, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.582694, "energy": 70.990137, "activity_lines": [ 683.80081, 672.662627, 657.930359, 649.176072 ] }, { "date": "2024-07-19", "close": 698.96051, "volume": 4042, "typical_volume": 10146.0, "trend": 648.716925, "fair_value": 805.081665, "relative_strength": 1.657298, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.323077, "energy": 75.958605, "activity_lines": [ 691.007878, 678.881262, 663.489043, 652.42777 ] }, { "date": "2024-07-26", "close": 585.262878, "volume": 40615, "typical_volume": 11714.95, "trend": 644.689423, "fair_value": 801.698263, "relative_strength": -14.935898, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 10.597258, "energy": 10.306435, "activity_lines": [ 657.892672, 663.444819, 657.66687, 648.33396 ] }, { "date": "2024-08-02", "close": 582.467041, "volume": 7619, "typical_volume": 11752.05, "trend": 641.024856, "fair_value": 798.36404, "relative_strength": -11.406941, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.5579, "energy": 31.464353, "activity_lines": [ 629.064424, 648.686157, 651.519547, 644.319613 ] }, { "date": "2024-08-09", "close": 578.739258, "volume": 7831, "typical_volume": 11807.65, "trend": 637.509705, "fair_value": 794.871718, "relative_strength": -11.486546, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.924955, "energy": 44.655912, "activity_lines": [ 605.082308, 634.65611, 645.015072, 640.301188 ] }, { "date": "2024-08-16", "close": 593.650452, "volume": 5797, "typical_volume": 11248.2, "trend": 634.947723, "fair_value": 791.575632, "relative_strength": -11.689569, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.094692, "energy": 44.296374, "activity_lines": [ 593.339779, 624.591082, 639.955025, 637.471558 ] }, { "date": "2024-08-23", "close": 592.718445, "volume": 4847, "typical_volume": 10603.8, "trend": 631.86814, "fair_value": 787.837415, "relative_strength": -12.499797, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.277495, "energy": 62.72538, "activity_lines": [ 588.307251, 615.525769, 634.976729, 634.747089 ] }, { "date": "2024-08-30", "close": 595.514343, "volume": 4585, "typical_volume": 9859.05, "trend": 629.277065, "fair_value": 783.350532, "relative_strength": -13.070638, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.580992, "energy": 60.724762, "activity_lines": [ 591.289494, 608.23964, 630.478757, 632.401683 ] }, { "date": "2024-09-06", "close": 598.310181, "volume": 3737, "typical_volume": 9760.1, "trend": 627.448175, "fair_value": 778.859066, "relative_strength": -8.442769, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.860311, "energy": 36.296915, "activity_lines": [ 594.520252, 602.698792, 626.49123, 630.403819 ] }, { "date": "2024-09-13", "close": 591.78656, "volume": 6098, "typical_volume": 9803.1, "trend": 627.226347, "fair_value": 774.213257, "relative_strength": -10.825417, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.803263, "energy": 33.516175, "activity_lines": [ 594.52026, 597.344335, 622.043762, 628.10307 ] }, { "date": "2024-09-20", "close": 593.650452, "volume": 4994, "typical_volume": 9401.5, "trend": 627.431553, "fair_value": 769.3656, "relative_strength": -12.092662, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -46.415576, "energy": 35.488677, "activity_lines": [ 594.271745, 594.07405, 618.005326, 625.936883 ] }, { "date": "2024-09-27", "close": 584.330994, "volume": 8794, "typical_volume": 9466.8, "trend": 627.478151, "fair_value": 764.863291, "relative_strength": -15.072178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.488661, "energy": 42.598284, "activity_lines": [ 590.916744, 591.024047, 613.376657, 623.156202 ] }, { "date": "2024-10-04", "close": 602.96991, "volume": 3420, "typical_volume": 9202.35, "trend": 628.480542, "fair_value": 760.975568, "relative_strength": -10.859116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.490574, "energy": 32.608076, "activity_lines": [ 594.333879, 593.44711, 610.811583, 621.575025 ] }, { "date": "2024-10-11", "close": 573.147644, "volume": 4778, "typical_volume": 8215.95, "trend": 628.184772, "fair_value": 756.547853, "relative_strength": -14.387472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.582303, "energy": 41.226124, "activity_lines": [ 587.31322, 590.125998, 605.632623, 618.00516 ] }, { "date": "2024-10-18", "close": 568.487854, "volume": 4578, "typical_volume": 7535.85, "trend": 627.672858, "fair_value": 752.281558, "relative_strength": -14.852102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.668025, "energy": 45.014183, "activity_lines": [ 580.416801, 586.127094, 600.422593, 614.153746 ] }, { "date": "2024-10-25", "close": 577.807312, "volume": 6674, "typical_volume": 7590.3, "trend": 625.95116, "fair_value": 748.873924, "relative_strength": -13.049867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.854672, "energy": 59.983235, "activity_lines": [ 578.180115, 584.009027, 596.477347, 610.936614 ] }, { "date": "2024-11-01", "close": 547.053101, "volume": 14102, "typical_volume": 8056.05, "trend": 622.930646, "fair_value": 745.460438, "relative_strength": -16.157257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.526592, "energy": 79.739308, "activity_lines": [ 566.748234, 576.587341, 589.984784, 605.846417 ] }, { "date": "2024-11-08", "close": 557.304504, "volume": 5825, "typical_volume": 7999.6, "trend": 619.947758, "fair_value": 741.887618, "relative_strength": -14.199143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.89082, "energy": 77.908285, "activity_lines": [ 561.218681, 571.859827, 585.018837, 601.612472 ] }, { "date": "2024-11-15", "close": 573.147644, "volume": 379152, "typical_volume": 26498.65, "trend": 617.979515, "fair_value": 738.47262, "relative_strength": -9.62401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.785564, "energy": 65.589686, "activity_lines": [ 564.014534, 570.707607, 582.067675, 598.59311 ] }, { "date": "2024-11-22", "close": 559.168396, "volume": 13142, "typical_volume": 26780.7, "trend": 615.271617, "fair_value": 735.305582, "relative_strength": -11.49151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.558731, "energy": 52.298701, "activity_lines": [ 562.150639, 567.471207, 578.264442, 594.798844 ] }, { "date": "2024-11-29", "close": 598.310181, "volume": 14750, "typical_volume": 27269.0, "trend": 613.345593, "fair_value": 732.445717, "relative_strength": -4.802334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.75767, "energy": 26.70469, "activity_lines": [ 573.955302, 571.944552, 578.801422, 593.704558 ] }, { "date": "2024-12-06", "close": 630.928284, "volume": 9774, "typical_volume": 27555.6, "trend": 612.87962, "fair_value": 729.603649, "relative_strength": -3.165709, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.844621, "energy": 13.529906, "activity_lines": [ 595.265808, 582.26374, 582.924174, 594.838925 ] }, { "date": "2024-12-13", "close": 671.934021, "volume": 7944, "typical_volume": 25922.05, "trend": 613.594112, "fair_value": 727.058198, "relative_strength": 5.718636, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 43.997317, "energy": 43.423871, "activity_lines": [ 624.653215, 599.191292, 591.276198, 598.648887 ] }, { "date": "2024-12-20", "close": 654.22699, "volume": 6966, "typical_volume": 25889.4, "trend": 613.407723, "fair_value": 724.07292, "relative_strength": 6.558757, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.15028, "energy": 45.686764, "activity_lines": [ 640.49631, 611.645491, 597.529118, 601.270363 ] }, { "date": "2024-12-27", "close": 644.907471, "volume": 3987, "typical_volume": 25697.2, "trend": 613.314526, "fair_value": 721.309211, "relative_strength": 4.672921, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.618023, "energy": 60.409349, "activity_lines": [ 647.827608, 620.931063, 602.552751, 603.302605 ] }, { "date": "2025-01-03", "close": 641.179749, "volume": 3021, "typical_volume": 25558.4, "trend": 612.755357, "fair_value": 718.712898, "relative_strength": 3.516954, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.73148, "energy": 65.489913, "activity_lines": [ 648.200395, 628.149419, 606.906276, 605.100361 ] }, { "date": "2025-01-10", "close": 619.744934, "volume": 2580, "typical_volume": 25445.05, "trend": 611.326369, "fair_value": 716.350512, "relative_strength": -0.082327, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.59484, "energy": 35.709635, "activity_lines": [ 638.570272, 630.31831, 608.99206, 605.551301 ] }, { "date": "2025-01-17", "close": 635.588074, "volume": 150809, "typical_volume": 32756.25, "trend": 610.394424, "fair_value": 714.02217, "relative_strength": -0.815691, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.085348, "energy": 25.832939, "activity_lines": [ 634.966752, 634.046102, 612.458017, 607.116573 ] }, { "date": "2025-01-24", "close": 616.949097, "volume": 20058, "typical_volume": 33572.3, "trend": 608.499463, "fair_value": 711.551842, "relative_strength": -5.179346, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 12.477696, "energy": 12.835755, "activity_lines": [ 627.573303, 632.961651, 613.958006, 607.539455 ] }, { "date": "2025-01-31", "close": 632.792236, "volume": 11190, "typical_volume": 33826.9, "trend": 606.666634, "fair_value": 709.171821, "relative_strength": -2.409095, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.904098, "energy": 19.803401, "activity_lines": [ 627.946094, 633.961382, 616.878108, 609.10673 ] }, { "date": "2025-02-07", "close": 640.247803, "volume": 5132, "typical_volume": 33833.8, "trend": 604.709544, "fair_value": 706.153195, "relative_strength": 0.170704, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.506464, "energy": 24.958813, "activity_lines": [ 631.611755, 634.978054, 620.313, 611.273257 ] }, { "date": "2025-02-14", "close": 616.949097, "volume": 10952, "typical_volume": 33941.7, "trend": 601.97583, "fair_value": 703.581597, "relative_strength": -6.058897, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.917935, "energy": 17.890784, "activity_lines": [ 627.573312, 630.996096, 621.307075, 612.062906 ] }, { "date": "2025-02-21", "close": 602.037964, "volume": 5188, "typical_volume": 34030.1, "trend": 602.535, "fair_value": 701.454529, "relative_strength": -8.426586, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.816276, "energy": 12.535005, "activity_lines": [ 618.750879, 624.55719, 620.725717, 612.066915 ] }, { "date": "2025-02-28", "close": 619.744934, "volume": 5328, "typical_volume": 34057.6, "trend": 603.777596, "fair_value": 699.919195, "relative_strength": -5.678072, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.182793, "energy": 14.18376, "activity_lines": [ 618.067444, 622.608571, 621.835176, 613.177233 ] }, { "date": "2025-03-07", "close": 607.629639, "volume": 7158, "typical_volume": 34186.6, "trend": 604.740609, "fair_value": 698.26119, "relative_strength": -7.618395, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.216521, "energy": 11.650254, "activity_lines": [ 613.159188, 619.084117, 621.568905, 613.425752 ] }, { "date": "2025-03-14", "close": 618.812988, "volume": 3954, "typical_volume": 34050.6, "trend": 605.57936, "fair_value": 696.410441, "relative_strength": -4.283062, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.985517, "energy": 11.887683, "activity_lines": [ 613.656222, 618.270778, 622.181326, 614.333647 ] }, { "date": "2025-03-21", "close": 625.33667, "volume": 2452, "typical_volume": 33468.1, "trend": 606.666634, "fair_value": 694.759044, "relative_strength": -1.382216, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.622531, "energy": 8.324915, "activity_lines": [ 617.756803, 619.050231, 623.219785, 615.608312 ] }, { "date": "2025-03-28", "close": 585.262878, "volume": 3642, "typical_volume": 33358.95, "trend": 606.324919, "fair_value": 692.591959, "relative_strength": -4.404387, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.060246, "energy": 13.746442, "activity_lines": [ 607.940283, 612.441872, 620.068913, 614.227425 ] }, { "date": "2025-04-04", "close": 556.372559, "volume": 4522, "typical_volume": 14627.45, "trend": 604.926998, "fair_value": 690.284689, "relative_strength": 1.116969, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.960549, "energy": 39.572479, "activity_lines": [ 589.611995, 601.495732, 614.033446, 611.004692 ] }, { "date": "2025-04-11", "close": 549.848938, "volume": 8063, "typical_volume": 14373.5, "trend": 603.529077, "fair_value": 687.789319, "relative_strength": 0.487482, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.73991, "energy": 49.626599, "activity_lines": [ 573.333993, 590.46487, 607.456565, 607.451269 ] }, { "date": "2025-04-18", "close": 565.692078, "volume": 2131, "typical_volume": 13742.55, "trend": 602.597131, "fair_value": 685.485528, "relative_strength": 0.060737, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.498149, "energy": 54.517603, "activity_lines": [ 566.189083, 583.82264, 602.432931, 605.010172 ] }, { "date": "2025-04-25", "close": 559.168396, "volume": 4093, "typical_volume": 13458.5, "trend": 601.758378, "fair_value": 684.000794, "relative_strength": -3.848577, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.490608, "energy": 54.980125, "activity_lines": [ 560.411007, 577.349844, 596.94332, 602.208318 ] }, { "date": "2025-05-02", "close": 583.398987, "volume": 4544, "typical_volume": 13288.5, "trend": 601.106014, "fair_value": 682.682879, "relative_strength": -0.961078, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.639134, "energy": 46.100371, "activity_lines": [ 567.121013, 576.333168, 594.103097, 601.023841 ] }, { "date": "2025-05-09", "close": 559.14447, "volume": 10487, "typical_volume": 13464.55, "trend": 600.639242, "fair_value": 681.083045, "relative_strength": -4.421262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.766514, "energy": 35.229846, "activity_lines": [ 565.870439, 571.24547, 589.374516, 598.316645 ] }, { "date": "2025-05-16", "close": 577.304749, "volume": 119418, "typical_volume": 19236.1, "trend": 600.933138, "fair_value": 679.616865, "relative_strength": -4.828097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.621675, "energy": 28.709704, "activity_lines": [ 570.488497, 570.561468, 586.828259, 596.811194 ] }, { "date": "2025-05-23", "close": 568.702515, "volume": 3373, "typical_volume": 19253.7, "trend": 600.629645, "fair_value": 677.888639, "relative_strength": -3.63681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.163666, "energy": 22.737693, "activity_lines": [ 570.408757, 568.864785, 583.784659, 594.731799 ] }, { "date": "2025-05-30", "close": 549.586487, "volume": 3691, "typical_volume": 19309.25, "trend": 600.714091, "fair_value": 675.710276, "relative_strength": -7.276929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.363446, "energy": 33.656196, "activity_lines": [ 563.756311, 564.60356, 579.265615, 591.438692 ] }, { "date": "2025-06-06", "close": 544.807434, "volume": 4311, "typical_volume": 11984.35, "trend": 600.297522, "fair_value": 673.190923, "relative_strength": -8.755121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.827485, "energy": 37.181021, "activity_lines": [ 556.149642, 560.850693, 574.62551, 587.831811 ] }, { "date": "2025-06-13", "close": 529.514648, "volume": 6348, "typical_volume": 11298.85, "trend": 598.843089, "fair_value": 671.475869, "relative_strength": -8.763022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.492619, "energy": 53.668112, "activity_lines": [ 546.018148, 555.052872, 568.961239, 583.265174 ] }, { "date": "2025-06-20", "close": 504.663757, "volume": 4617, "typical_volume": 10970.2, "trend": 597.026268, "fair_value": 669.469326, "relative_strength": -12.232809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.885721, "energy": 67.868133, "activity_lines": [ 529.578345, 545.225033, 561.346571, 577.189088 ] }, { "date": "2025-06-27", "close": 496.061523, "volume": 7052, "typical_volume": 11066.2, "trend": 593.617979, "fair_value": 667.591556, "relative_strength": -15.315218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.220474, "energy": 74.93247, "activity_lines": [ 515.113863, 534.654701, 553.522778, 570.675233 ] }, { "date": "2025-07-04", "close": 541.940063, "volume": 7020, "typical_volume": 10869.6, "trend": 590.651705, "fair_value": 665.720512, "relative_strength": -7.310565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.094712, "energy": 65.373231, "activity_lines": [ 520.784961, 533.691931, 550.754971, 567.341174 ] }, { "date": "2025-07-11", "close": 521.868225, "volume": 4111, "typical_volume": 10815.75, "trend": 585.649512, "fair_value": 663.78977, "relative_strength": -11.440129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.506688, "energy": 60.726818, "activity_lines": [ 520.275207, 529.392979, 546.432746, 562.90353 ] }, { "date": "2025-07-18", "close": 509.442749, "volume": 4766, "typical_volume": 10787.65, "trend": 580.82337, "fair_value": 661.503506, "relative_strength": -13.085961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.649923, "energy": 50.138249, "activity_lines": [ 517.152909, 523.95359, 541.308904, 557.986965 ] }, { "date": "2025-07-25", "close": 497.017334, "volume": 6636, "typical_volume": 10761.55, "trend": 575.893699, "fair_value": 659.459443, "relative_strength": -16.893719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.99144, "energy": 46.154509, "activity_lines": [ 511.226933, 517.158702, 535.526937, 552.580124 ] }, { "date": "2025-08-01", "close": 477.901276, "volume": 5012, "typical_volume": 10814.45, "trend": 570.451083, "fair_value": 657.246862, "relative_strength": -17.467804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.887619, "energy": 63.240344, "activity_lines": [ 499.438698, 508.347939, 528.451118, 546.258032 ] }, { "date": "2025-08-08", "close": 488.4151, "volume": 2881, "typical_volume": 10835.9, "trend": 566.073422, "fair_value": 655.262603, "relative_strength": -17.569385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.647682, "energy": 72.675015, "activity_lines": [ 492.365755, 503.099712, 523.047624, 540.965388 ] }, { "date": "2025-08-15", "close": 479.812897, "volume": 3420, "typical_volume": 10824.8, "trend": 560.880916, "fair_value": 653.26918, "relative_strength": -19.821204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.249221, "energy": 79.9137, "activity_lines": [ 485.993742, 497.399655, 517.47688, 535.400193 ] }, { "date": "2025-08-22", "close": 488.4151, "volume": 6924, "typical_volume": 10944.9, "trend": 556.59645, "fair_value": 651.440098, "relative_strength": -19.518785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.369588, "energy": 69.629787, "activity_lines": [ 485.292818, 494.445354, 513.227536, 530.724979 ] }, { "date": "2025-08-29", "close": 491.282501, "volume": 4586, "typical_volume": 10771.05, "trend": 551.879459, "fair_value": 649.617903, "relative_strength": -16.78393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.826045, "energy": 49.539208, "activity_lines": [ 486.949538, 492.759662, 509.574885, 526.511176 ] }, { "date": "2025-09-05", "close": 487.45932, "volume": 2402, "typical_volume": 10784.6, "trend": 546.786509, "fair_value": 647.684991, "relative_strength": -17.067171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.524734, "energy": 45.307043, "activity_lines": [ 487.714187, 490.622143, 505.83701, 522.355038 ] }, { "date": "2025-09-12", "close": 488.4151, "volume": 2624, "typical_volume": 10711.15, "trend": 542.502043, "fair_value": 646.15477, "relative_strength": -16.827875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.350147, "energy": 40.755699, "activity_lines": [ 488.160225, 488.814805, 502.562698, 518.58914 ] }, { "date": "2025-09-19", "close": 480.768677, "volume": 2837, "typical_volume": 10625.8, "trend": 538.459733, "fair_value": 644.638755, "relative_strength": -18.129736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.484598, "energy": 42.639723, "activity_lines": [ 486.057456, 486.59039, 498.897075, 514.606343 ] }, { "date": "2025-09-26", "close": 463.56424, "volume": 221419, "typical_volume": 21172.4, "trend": 533.25371, "fair_value": 643.064181, "relative_strength": -20.68951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.582312, "energy": 49.13413, "activity_lines": [ 478.156157, 481.98516, 494.081651, 509.774375 ] }, { "date": "2025-10-03", "close": 454.006226, "volume": 8493, "typical_volume": 15626.15, "trend": 528.13293, "fair_value": 641.42259, "relative_strength": -24.296109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.760956, "energy": 66.968494, "activity_lines": [ 468.725576, 476.476264, 488.811083, 504.661634 ] }, { "date": "2025-10-10", "close": 449.227203, "volume": 8463, "typical_volume": 15880.65, "trend": 522.48007, "fair_value": 639.623924, "relative_strength": -24.130634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.750445, "energy": 77.515359, "activity_lines": [ 460.187073, 470.880475, 483.672507, 499.570942 ] }, { "date": "2025-10-17", "close": 443.970276, "volume": 6394, "typical_volume": 16015.8, "trend": 516.434524, "fair_value": 637.670865, "relative_strength": -24.48538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.076045, "energy": 83.19811, "activity_lines": [ 452.445068, 464.850228, 478.6022, 494.505794 ] }, { "date": "2025-10-24", "close": 477.901276, "volume": 10797, "typical_volume": 16340.1, "trend": 512.855803, "fair_value": 635.693924, "relative_strength": -20.848001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.987921, "energy": 59.239241, "activity_lines": [ 458.976386, 465.797341, 477.266352, 492.019778 ] }, { "date": "2025-10-31", "close": 501.796326, "volume": 12745, "typical_volume": 16659.95, "trend": 511.036596, "fair_value": 633.881652, "relative_strength": -16.052343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.556355, "energy": 24.547659, "activity_lines": [ 473.66388, 471.123765, 478.524824, 491.306264 ] }, { "date": "2025-11-07", "close": 460.696838, "volume": 9020, "typical_volume": 16880.1, "trend": 508.064859, "fair_value": 631.932363, "relative_strength": -21.626839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.31201, "energy": 24.099102, "activity_lines": [ 472.102738, 468.73426, 476.00105, 488.058537 ] }, { "date": "2025-11-14", "close": 478.857086, "volume": 3872, "typical_volume": 16721.1, "trend": 505.170359, "fair_value": 630.11098, "relative_strength": -18.85019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.966488, "energy": 20.113142, "activity_lines": [ 476.148973, 470.202722, 475.416191, 486.174165 ] }, { "date": "2025-11-21", "close": 478.857086, "volume": 7547, "typical_volume": 16747.45, "trend": 502.493316, "fair_value": 628.145914, "relative_strength": -16.776844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.301971, "energy": 18.136576, "activity_lines": [ 478.219881, 471.827587, 474.913257, 484.476534 ] }, { "date": "2025-11-28", "close": 484.591888, "volume": 7797, "typical_volume": 16931.75, "trend": 499.199746, "fair_value": 626.355546, "relative_strength": -17.976453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.044462, "energy": 12.108712, "activity_lines": [ 479.876603, 474.668926, 475.25689, 483.321604 ] }, { "date": "2025-12-05", "close": 497.75, "volume": 18370, "typical_volume": 17611.95, "trend": 497.153263, "fair_value": 624.735735, "relative_strength": -16.412345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.675258, "energy": 8.03732, "activity_lines": [ 485.473321, 479.833136, 477.031183, 483.228072 ] }, { "date": "2025-12-12", "close": 475.125, "volume": 9008, "typical_volume": 17730.55, "trend": 493.747272, "fair_value": 622.850197, "relative_strength": -19.358007, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.065435, "energy": 10.796133, "activity_lines": [ 483.798128, 480.262151, 476.706393, 481.806893 ] }, { "date": "2025-12-19", "close": 466.271729, "volume": 10163, "typical_volume": 17988.1, "trend": 490.332912, "fair_value": 620.896413, "relative_strength": -20.692791, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.95223, "energy": 13.38685, "activity_lines": [ 478.209967, 478.697502, 475.642685, 480.034278 ] }, { "date": "2025-12-26", "close": 473.157593, "volume": 2101, "typical_volume": 17949.1, "trend": 487.785282, "fair_value": 619.032748, "relative_strength": -19.04348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.638675, "energy": 12.931796, "activity_lines": [ 475.756118, 478.074928, 475.290151, 478.926193 ] }, { "date": "2026-01-02", "close": 475.125, "volume": 5104, "typical_volume": 18033.3, "trend": 485.462535, "fair_value": 616.733402, "relative_strength": -18.925492, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.230364, "energy": 17.011553, "activity_lines": [ 474.338037, 477.279386, 475.197645, 478.1094 ] }, { "date": "2026-01-09", "close": 475.125, "volume": 4848, "typical_volume": 17929.5, "trend": 483.649546, "fair_value": 614.399572, "relative_strength": -20.828902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.74675, "energy": 17.468505, "activity_lines": [ 473.551082, 476.534321, 475.127462, 477.442462 ] }, { "date": "2026-01-16", "close": 494.798889, "volume": 8892, "typical_volume": 18144.8, "trend": 483.320717, "fair_value": 612.278068, "relative_strength": -18.679925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.830006, "energy": 4.876321, "activity_lines": [ 480.830424, 479.851261, 476.994268, 478.161775 ] }, { "date": "2026-01-23", "close": 476.108673, "volume": 11206, "typical_volume": 18585.0, "trend": 482.655622, "fair_value": 609.760881, "relative_strength": -20.532571, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.210976, "energy": 9.302844, "activity_lines": [ 480.568101, 479.149942, 477.06431, 477.696482 ] }, { "date": "2026-01-30", "close": 516.440186, "volume": 9977, "typical_volume": 18952.65, "trend": 481.805626, "fair_value": 607.519473, "relative_strength": -13.615214, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.167617, "energy": 36.796845, "activity_lines": [ 493.093819, 485.831596, 481.029498, 479.876131 ] }, { "date": "2026-02-06", "close": 472.173889, "volume": 19595, "typical_volume": 19790.55, "trend": 480.149149, "fair_value": 605.20121, "relative_strength": -22.709339, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.220608, "energy": 19.137687, "activity_lines": [ 487.978599, 483.781504, 480.645397, 479.254729 ] }, { "date": "2026-02-13", "close": 482.010864, "volume": 7104, "typical_volume": 9074.8, "trend": 479.234752, "fair_value": 602.727605, "relative_strength": -20.515072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.525817, "energy": 24.540336, "activity_lines": [ 486.339111, 483.745735, 481.239077, 479.374839 ] }, { "date": "2026-02-20", "close": 473.649445, "volume": 9447, "typical_volume": 9122.5, "trend": 478.455823, "fair_value": 600.26937, "relative_strength": -22.834392, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 23.770435, "energy": 11.57048, "activity_lines": [ 481.453426, 482.475873, 480.948591, 479.014497 ] }, { "date": "2026-02-27", "close": 460.861389, "volume": 8616, "typical_volume": 9130.15, "trend": 477.887827, "fair_value": 598.051011, "relative_strength": -25.27421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.616932, "energy": 18.493467, "activity_lines": [ 473.715019, 478.907739, 479.346655, 477.879372 ] }, { "date": "2026-03-06", "close": 470.206512, "volume": 9637, "typical_volume": 9292.3, "trend": 477.280874, "fair_value": 596.093714, "relative_strength": -18.581671, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.91394, "energy": 13.863496, "activity_lines": [ 470.108138, 477.137088, 478.57933, 477.383803 ] }, { "date": "2026-03-13", "close": 449.548889, "volume": 13924, "typical_volume": 9448.65, "trend": 476.272073, "fair_value": 594.205152, "relative_strength": -20.993584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.54706, "energy": 43.104428, "activity_lines": [ 462.697628, 471.664162, 475.719678, 475.594643 ] }, { "date": "2026-03-20", "close": 433.809784, "volume": 7261, "typical_volume": 9174.45, "trend": 474.451896, "fair_value": 592.158225, "relative_strength": -18.945897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.548361, "energy": 63.787582, "activity_lines": [ 451.549082, 463.7946, 471.496076, 472.855141 ] }, { "date": "2026-03-27", "close": 430.366821, "volume": 22475, "typical_volume": 9847.2, "trend": 472.421374, "fair_value": 589.962787, "relative_strength": -18.900548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.071512, "energy": 67.815005, "activity_lines": [ 442.466288, 456.050231, 467.268317, 470.010942 ] }, { "date": "2026-04-03", "close": 468.730957, "volume": 4659, "typical_volume": 9886.55, "trend": 471.797095, "fair_value": 588.024767, "relative_strength": -13.941214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.611073, "energy": 51.630301, "activity_lines": [ 449.057047, 456.452651, 466.838714, 469.772851 ] }, { "date": "2026-04-10", "close": 479.059784, "volume": 6308, "typical_volume": 9824.6, "trend": 471.485251, "fair_value": 586.038011, "relative_strength": -15.348974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.887745, "energy": 24.490342, "activity_lines": [ 458.566111, 458.86718, 467.441029, 470.241411 ] }, { "date": "2026-04-17", "close": 486.4375, "volume": 4838, "typical_volume": 9676.65, "trend": 471.674212, "fair_value": 584.13878, "relative_strength": -15.214299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.155386, "energy": 11.658723, "activity_lines": [ 469.944196, 463.302756, 468.745018, 471.206073 ] }, { "date": "2026-04-24", "close": 466.271729, "volume": 8574, "typical_volume": 9186.85, "trend": 471.764461, "fair_value": 582.314954, "relative_strength": -15.886993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.473072, "energy": 13.508318, "activity_lines": [ 472.141115, 463.812489, 468.119669, 470.857525 ] }, { "date": "2026-05-01", "close": 426.0, "volume": 13857, "typical_volume": 9429.3, "trend": 470.83092, "fair_value": 580.121867, "relative_strength": -21.305331, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.411998, "energy": 21.902368, "activity_lines": [ 458.749996, 457.286257, 463.808813, 467.904979 ] }, { "date": "2026-05-08", "close": 430.5, "volume": 4548, "typical_volume": 9148.55, "trend": 470.20668, "fair_value": 578.045344, "relative_strength": -20.048375, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.354483, "energy": 45.196844, "activity_lines": [ 447.149998, 452.444559, 460.160458, 465.302985 ] }, { "date": "2026-05-15", "close": 432.0, "volume": 2635, "typical_volume": 9175.25, "trend": 469.807671, "fair_value": 576.107088, "relative_strength": -18.023766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.487068, "energy": 61.429678, "activity_lines": [ 438.598731, 448.427614, 456.825301, 462.838037 ] }, { "date": "2026-05-22", "close": 416.0, "volume": 9728, "typical_volume": 9406.45, "trend": 467.744295, "fair_value": 574.089659, "relative_strength": -22.983265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.806666, "energy": 74.491695, "activity_lines": [ 427.851449, 442.196242, 452.162324, 459.366575 ] }, { "date": "2026-05-29", "close": 405.0, "volume": 12030, "typical_volume": 9765.55, "trend": 464.517751, "fair_value": 571.954935, "relative_strength": -24.05247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.438231, "energy": 78.33774, "activity_lines": [ 418.133333, 434.57485, 446.733274, 455.318556 ] }, { "date": "2026-06-05", "close": 391.5, "volume": 5971, "typical_volume": 9619.5, "trend": 462.21119, "fair_value": 569.681043, "relative_strength": -25.308639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.067505, "energy": 83.585205, "activity_lines": [ 408.0, 425.022726, 440.35244, 450.607733 ] }, { "date": "2026-06-12", "close": 428.0, "volume": 10022, "typical_volume": 9560.3, "trend": 460.515954, "fair_value": 567.89258, "relative_strength": -17.537119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.39502, "energy": 67.877229, "activity_lines": [ 412.333333, 422.813636, 437.939695, 448.40056 ] }, { "date": "2026-06-19", "close": 404.0, "volume": 7756, "typical_volume": 9449.25, "trend": 458.020717, "fair_value": 566.096466, "relative_strength": -23.052225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.742329, "energy": 55.1404, "activity_lines": [ 408.833333, 416.981472, 433.470325, 444.754369 ] }, { "date": "2026-06-26", "close": 401.0, "volume": 513, "typical_volume": 8495.15, "trend": 455.234321, "fair_value": 564.310361, "relative_strength": -22.376312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.736568, "energy": 50.51458, "activity_lines": [ 406.2, 411.968577, 429.25067, 441.075613 ] }, { "date": "2026-07-03", "close": 424.0, "volume": 2435, "typical_volume": 8261.7, "trend": 452.775988, "fair_value": 562.759409, "relative_strength": -19.482473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.752522, "energy": 38.371545, "activity_lines": [ 412.233333, 412.690909, 427.560414, 439.060496 ] }, { "date": "2026-07-10", "close": 411.0, "volume": 8708, "typical_volume": 8224.75, "trend": 450.638488, "fair_value": 561.125123, "relative_strength": -19.527823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.313646, "energy": 35.647507, "activity_lines": [ 412.666667, 411.818182, 424.908305, 436.365271 ] }, { "date": "2026-07-17", "close": 417.0, "volume": 2990, "typical_volume": 7943.45, "trend": 448.996097, "fair_value": 559.663798, "relative_strength": -16.881284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.249529, "energy": 28.91469, "activity_lines": [ 413.8, 412.309091, 423.125956, 434.195046 ] }, { "date": "2026-07-24", "close": 376.5, "volume": 21041, "typical_volume": 8513.65, "trend": 445.774177, "fair_value": 558.299575, "relative_strength": -25.533581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.726835, "energy": 44.697145, "activity_lines": [ 402.166667, 405.681818, 417.695327, 429.517878 ] }, { "date": "2026-07-31", "close": 366.0, "volume": 9733, "typical_volume": 8304.1, "trend": 442.136677, "fair_value": 557.078565, "relative_strength": -27.999775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.647781, "energy": 76.989253, "activity_lines": [ 388.866667, 398.154545, 411.710921, 424.371157 ] }, { "date": "2026-08-07", "close": 356.5, "volume": 9408, "typical_volume": 8411.45, "trend": 438.18251, "fair_value": 555.627071, "relative_strength": -30.571422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.476528, "energy": 85.942877, "activity_lines": [ 374.733333, 389.809091, 405.219603, 418.84621 ] } ], "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." } } }