{ "ticker": { "uuid": "28f3c887-dc19-4465-be6d-e07dfd37d6fc", "symbol": "4923", "name": "Force MOS Technology Co., LTD.", "exchange": "TWO", "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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 33.257, "architecture_energy": 25.875, "architecture_maturity": 79.0, "architecture_confidence": 92.302, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 41.3, "rotation_up": 25.73, "upward_expansion": 56.61, "deceleration": 88.28, "rotation_down": 37.71, "downward_expansion": 20.28 }, "activity_lines": [ 46.546666, 49.799999, 47.968571, 44.816236 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 52.0, "trend_reference": 40.913333, "distance_from_trend": 0.270979, "trend_direction": "Improving", "fair_value": 38.864356, "distance_from_fair_value": 0.337987, "fair_value_direction": "Improving", "relative_strength": 5.612786, "relative_strength_direction": "Improving", "price_momentum": 0.637795, "excess_performance": 0.196423, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.270979, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.231464, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.337987, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.374318, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.056128, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.282574, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.637795, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.055221, "read": "Demand-led" } ], "volume": { "latest": 2064393, "relative_activity": 0.485426, "balance": 2.055221, "dry_up": 0.42275, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.177589, "annualized_volatility": 0.713499, "from_high_reference": -0.262411, "from_low_reference": 0.943925 }, "levels": { "trend_reference": 40.913333, "fair_value_reference": 38.864356, "structural_low": 27.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.004612, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.014866, "regime_survival": 0.357143, "best_return": 0.32925, "worst_return": -0.130873, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.004641, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.062571, "regime_survival": 0.285714, "best_return": 0.49747, "worst_return": -0.166107, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.021228, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.024398, "regime_survival": 0.25, "best_return": 0.259696, "worst_return": -0.183252, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.065081, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.0021, "regime_survival": 0.0, "best_return": 0.101308, "worst_return": 0.028855, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-05-10", "tenure": "New", "return": 0.030452, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-07-26", "tenure": "Developing", "return": -0.051502, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2025-02-07", "tenure": "Extended", "return": -0.211628, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": -0.161692, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.051395, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-27", "tenure": "Developing", "return": 0.325, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-11-07", "tenure": "Established", "return": -0.183824, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-01-09", "tenure": "Developing", "return": -0.034305, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-27", "tenure": "Developing", "return": -0.040936, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": 0.170854, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": -0.082645, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": 0.029494, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-07-31", "tenure": "Developing", "return": -0.014925, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": 0.146637, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 38.835232, "volume": 676000, "typical_volume": 587640.0, "trend": 42.456357, "fair_value": 39.007573, "relative_strength": -12.524777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.983748, "energy": 76.407713, "activity_lines": [ 38.35199, 39.073505, 40.188383, 41.559471 ] }, { "date": "2023-08-18", "close": 39.795311, "volume": 234000, "typical_volume": 571620.0, "trend": 42.53014, "fair_value": 39.174645, "relative_strength": -8.861308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.835381, "energy": 52.624219, "activity_lines": [ 38.803228, 39.083978, 39.998142, 41.387791 ] }, { "date": "2023-08-25", "close": 41.763474, "volume": 887000, "typical_volume": 604210.0, "trend": 42.664461, "fair_value": 39.357891, "relative_strength": -4.598816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.487057, "energy": 24.133098, "activity_lines": [ 39.862517, 39.466265, 40.0371, 41.338329 ] }, { "date": "2023-09-01", "close": 41.091415, "volume": 272000, "typical_volume": 547070.0, "trend": 42.696581, "fair_value": 39.532827, "relative_strength": -6.720278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.167342, "energy": 23.599296, "activity_lines": [ 40.480167, 39.733341, 40.046245, 41.236842 ] }, { "date": "2023-09-08", "close": 43.299599, "volume": 536000, "typical_volume": 531090.0, "trend": 42.782041, "fair_value": 39.727254, "relative_strength": -0.979618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 11.062318, "energy": 25.262474, "activity_lines": [ 41.638662, 40.414997, 40.294399, 41.275746 ] }, { "date": "2023-09-15", "close": 43.395611, "volume": 522000, "typical_volume": 505290.0, "trend": 42.855501, "fair_value": 39.920962, "relative_strength": -2.524088, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.608927, "energy": 33.626661, "activity_lines": [ 42.45153, 41.068725, 40.564821, 41.315331 ] }, { "date": "2023-09-22", "close": 42.051498, "volume": 261000, "typical_volume": 451140.0, "trend": 42.684025, "fair_value": 40.108054, "relative_strength": -1.931213, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.599139, "energy": 28.073382, "activity_lines": [ 42.512336, 41.413481, 40.717368, 41.26346 ] }, { "date": "2023-09-29", "close": 44.547707, "volume": 2406000, "typical_volume": 523800.0, "trend": 42.52229, "fair_value": 40.318484, "relative_strength": 3.88044, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.638326, "energy": 49.399528, "activity_lines": [ 43.254798, 42.157979, 41.111229, 41.383698 ] }, { "date": "2023-10-06", "close": 48.58004, "volume": 4943000, "typical_volume": 741250.0, "trend": 42.545632, "fair_value": 40.55654, "relative_strength": 11.900525, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 59.389248, "energy": 69.153804, "activity_lines": [ 45.155756, 43.525657, 41.859672, 41.77452 ] }, { "date": "2023-10-13", "close": 45.027748, "volume": 752000, "typical_volume": 756890.0, "trend": 42.473365, "fair_value": 40.772047, "relative_strength": 2.000649, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.577596, "energy": 48.150784, "activity_lines": [ 45.373375, 44.058065, 42.228198, 41.934657 ] }, { "date": "2023-10-20", "close": 43.491615, "volume": 840000, "typical_volume": 753850.0, "trend": 42.296693, "fair_value": 40.974372, "relative_strength": 0.442049, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.622347, "energy": 37.140527, "activity_lines": [ 44.96374, 44.176765, 42.424786, 42.00035 ] }, { "date": "2023-10-27", "close": 43.299599, "volume": 333000, "typical_volume": 750450.0, "trend": 42.12122, "fair_value": 41.162575, "relative_strength": 1.718949, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.036667, "energy": 28.450128, "activity_lines": [ 44.483699, 44.175892, 42.594171, 42.065054 ] }, { "date": "2023-11-03", "close": 43.875648, "volume": 450000, "typical_volume": 754750.0, "trend": 41.952283, "fair_value": 41.353136, "relative_strength": 0.587229, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 38.922245, "energy": 21.463343, "activity_lines": [ 44.112468, 44.216041, 42.805389, 42.178243 ] }, { "date": "2023-11-10", "close": 45.507786, "volume": 681000, "typical_volume": 782000.0, "trend": 41.89855, "fair_value": 41.556827, "relative_strength": 3.407605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.104586, "energy": 23.896878, "activity_lines": [ 44.330086, 44.514539, 43.163819, 42.40763 ] }, { "date": "2023-11-17", "close": 47.043911, "volume": 666000, "typical_volume": 805750.0, "trend": 41.931487, "fair_value": 41.773032, "relative_strength": 3.564102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.653497, "energy": 36.201524, "activity_lines": [ 45.264564, 45.012034, 43.650945, 42.739589 ] }, { "date": "2023-11-24", "close": 49.924152, "volume": 2762000, "typical_volume": 927400.0, "trend": 42.078166, "fair_value": 41.995031, "relative_strength": 9.192598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.934149, "energy": 63.634935, "activity_lines": [ 47.02471, 45.965132, 44.382663, 43.255245 ] }, { "date": "2023-12-01", "close": 51.268265, "volume": 1613000, "typical_volume": 996400.0, "trend": 42.360323, "fair_value": 42.232091, "relative_strength": 10.852283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.602316, "energy": 75.362491, "activity_lines": [ 48.804059, 47.043912, 45.194387, 43.848154 ] }, { "date": "2023-12-08", "close": 49.828144, "volume": 1785000, "typical_volume": 1065650.0, "trend": 42.742488, "fair_value": 42.45992, "relative_strength": 7.882276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.217837, "energy": 72.346511, "activity_lines": [ 49.572123, 47.693275, 45.810896, 44.329949 ] }, { "date": "2023-12-15", "close": 48.003994, "volume": 669000, "typical_volume": 1081800.0, "trend": 43.014511, "fair_value": 42.669832, "relative_strength": 2.164933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.802541, "energy": 62.605504, "activity_lines": [ 49.335304, 47.914967, 46.199728, 44.669401 ] }, { "date": "2023-12-22", "close": 47.667965, "volume": 322000, "typical_volume": 1080500.0, "trend": 43.282, "fair_value": 42.861585, "relative_strength": 1.857096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.283381, "energy": 41.306928, "activity_lines": [ 48.820061, 48.086036, 46.509697, 44.969624 ] }, { "date": "2023-12-29", "close": 47.523952, "volume": 376000, "typical_volume": 1065500.0, "trend": 43.478816, "fair_value": 43.043524, "relative_strength": -0.338267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.150205, "energy": 31.968708, "activity_lines": [ 48.21521, 48.182917, 46.758175, 45.243298 ] }, { "date": "2024-01-05", "close": 47.859978, "volume": 319000, "typical_volume": 1069750.0, "trend": 43.722036, "fair_value": 43.226727, "relative_strength": 2.68018, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.460084, "energy": 23.830795, "activity_lines": [ 47.882382, 48.267578, 46.99728, 45.525954 ] }, { "date": "2024-01-12", "close": 46.467865, "volume": 245000, "typical_volume": 1037650.0, "trend": 43.866048, "fair_value": 43.402563, "relative_strength": -0.294635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.939658, "energy": 18.622104, "activity_lines": [ 47.312734, 48.016211, 47.0654, 45.703104 ] }, { "date": "2024-01-19", "close": 45.987827, "volume": 139001, "typical_volume": 1031000.05, "trend": 44.00526, "fair_value": 43.572876, "relative_strength": -2.312444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.097579, "energy": 18.13598, "activity_lines": [ 46.807093, 47.630434, 47.0654, 45.839993 ] }, { "date": "2024-01-26", "close": 46.611877, "volume": 177000, "typical_volume": 1013050.05, "trend": 44.198876, "fair_value": 43.746745, "relative_strength": -2.756358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.06969, "energy": 17.011269, "activity_lines": [ 46.64388, 47.349393, 47.101517, 46.008162 ] }, { "date": "2024-02-02", "close": 45.699799, "volume": 178000, "typical_volume": 995850.05, "trend": 44.394092, "fair_value": 43.919213, "relative_strength": -4.973385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.275554, "energy": 12.723353, "activity_lines": [ 46.247046, 46.910374, 47.034997, 46.104996 ] }, { "date": "2024-02-09", "close": 46.515869, "volume": 57000, "typical_volume": 985650.05, "trend": 44.642113, "fair_value": 44.09958, "relative_strength": -3.439656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.02154, "energy": 12.397082, "activity_lines": [ 46.243846, 46.696538, 47.035226, 46.241885 ] }, { "date": "2024-02-16", "close": 47.043911, "volume": 215000, "typical_volume": 876100.05, "trend": 44.926937, "fair_value": 44.290889, "relative_strength": -4.935166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.675987, "energy": 9.447835, "activity_lines": [ 46.506267, 46.665117, 47.064486, 46.396839 ] }, { "date": "2024-02-23", "close": 46.75589, "volume": 618000, "typical_volume": 659850.05, "trend": 45.21336, "fair_value": 44.456567, "relative_strength": -6.543003, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.080665, "energy": 11.328794, "activity_lines": [ 46.634278, 46.631951, 47.054428, 46.514836 ] }, { "date": "2024-03-01", "close": 46.467865, "volume": 263000, "typical_volume": 635400.05, "trend": 45.507785, "fair_value": 44.581055, "relative_strength": -6.867191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.016113, "energy": 11.721789, "activity_lines": [ 46.615077, 46.569109, 47.025625, 46.595772 ] }, { "date": "2024-03-08", "close": 45.699799, "volume": 721000, "typical_volume": 629450.05, "trend": 45.736604, "fair_value": 44.70373, "relative_strength": -11.840689, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.048732, "energy": 4.064293, "activity_lines": [ 46.349454, 46.38844, 46.916816, 46.60816 ] }, { "date": "2024-03-15", "close": 44.35569, "volume": 311000, "typical_volume": 628350.05, "trend": 45.888616, "fair_value": 44.822236, "relative_strength": -13.478177, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.463168, "energy": 35.353352, "activity_lines": [ 45.635795, 45.996553, 46.669481, 46.519069 ] }, { "date": "2024-03-22", "close": 46.083832, "volume": 232000, "typical_volume": 617450.05, "trend": 46.032628, "fair_value": 44.946929, "relative_strength": -12.021605, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.83361, "energy": 29.158437, "activity_lines": [ 45.642196, 45.982588, 46.581703, 46.531663 ] }, { "date": "2024-03-29", "close": 45.891815, "volume": 83000, "typical_volume": 587550.05, "trend": 46.192642, "fair_value": 45.06639, "relative_strength": -12.151805, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.771932, "energy": 31.410951, "activity_lines": [ 45.648596, 45.940693, 46.465121, 46.522579 ] }, { "date": "2024-04-05", "close": 45.795811, "volume": 87000, "typical_volume": 558600.05, "trend": 46.275849, "fair_value": 45.145669, "relative_strength": -11.96994, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.959989, "energy": 26.872343, "activity_lines": [ 45.680599, 45.883089, 46.337568, 46.496977 ] }, { "date": "2024-04-12", "close": 45.939819, "volume": 302000, "typical_volume": 435600.05, "trend": 46.360656, "fair_value": 45.191193, "relative_strength": -12.905889, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.105867, "energy": 12.034127, "activity_lines": [ 45.805409, 45.866505, 46.229673, 46.475297 ] }, { "date": "2024-04-19", "close": 42.867565, "volume": 326000, "typical_volume": 371250.05, "trend": 46.387858, "fair_value": 45.19524, "relative_strength": -13.200369, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.619579, "energy": 52.141527, "activity_lines": [ 44.890133, 45.286966, 45.848156, 46.249937 ] }, { "date": "2024-04-26", "close": 44.931736, "volume": 168000, "typical_volume": 290400.05, "trend": 46.400659, "fair_value": 45.219188, "relative_strength": -11.238926, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.669666, "energy": 45.168206, "activity_lines": [ 44.762122, 45.149064, 45.703229, 46.155993 ] }, { "date": "2024-05-03", "close": 47.139919, "volume": 441000, "typical_volume": 279000.05, "trend": 46.352655, "fair_value": 45.239063, "relative_strength": -7.540567, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.62883, "energy": 20.33524, "activity_lines": [ 45.446979, 45.451052, 45.791922, 46.203688 ] }, { "date": "2024-05-10", "close": 46.299999, "volume": 896000, "typical_volume": 307700.05, "trend": 46.395063, "fair_value": 45.256666, "relative_strength": -10.684219, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.98012, "energy": 16.292989, "activity_lines": [ 45.768655, 45.593346, 45.804738, 46.20029 ] }, { "date": "2024-05-17", "close": 46.599998, "volume": 225000, "typical_volume": 300150.05, "trend": 46.498676, "fair_value": 45.28775, "relative_strength": -12.246856, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.245209, "energy": 14.188399, "activity_lines": [ 46.156719, 45.793236, 45.852638, 46.213512 ] }, { "date": "2024-05-24", "close": 47.099998, "volume": 344000, "typical_volume": 301400.05, "trend": 46.625356, "fair_value": 45.383614, "relative_strength": -12.420534, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.895509, "energy": 20.195139, "activity_lines": [ 46.667437, 46.067669, 45.952558, 46.252307 ] }, { "date": "2024-05-31", "close": 47.349998, "volume": 604000, "typical_volume": 319350.05, "trend": 46.741168, "fair_value": 45.480413, "relative_strength": -10.152729, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.844464, "energy": 23.488031, "activity_lines": [ 46.979326, 46.33766, 46.079906, 46.299058 ] }, { "date": "2024-06-07", "close": 46.0, "volume": 446000, "typical_volume": 334700.0, "trend": 46.757575, "fair_value": 45.568558, "relative_strength": -15.251456, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.84186, "energy": 13.586726, "activity_lines": [ 46.679999, 46.339175, 46.074482, 46.251241 ] }, { "date": "2024-06-14", "close": 46.0, "volume": 261000, "typical_volume": 338900.0, "trend": 46.722778, "fair_value": 45.656703, "relative_strength": -17.433631, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.597585, "energy": 10.555227, "activity_lines": [ 46.456666, 46.338723, 46.069, 46.202365 ] }, { "date": "2024-06-21", "close": 45.900002, "volume": 324000, "typical_volume": 346200.0, "trend": 46.588639, "fair_value": 45.724201, "relative_strength": -19.981809, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.923803, "energy": 12.039454, "activity_lines": [ 46.22, 46.316378, 46.056908, 46.149283 ] }, { "date": "2024-06-28", "close": 45.799999, "volume": 186000, "typical_volume": 352650.0, "trend": 46.406364, "fair_value": 45.761272, "relative_strength": -19.122413, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.662916, "energy": 19.582205, "activity_lines": [ 45.996667, 46.276574, 46.034339, 46.098403 ] }, { "date": "2024-07-05", "close": 45.900002, "volume": 396000, "typical_volume": 361700.0, "trend": 46.275426, "fair_value": 45.796979, "relative_strength": -20.474771, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.508998, "energy": 18.665729, "activity_lines": [ 45.893334, 46.201635, 46.024703, 46.065734 ] }, { "date": "2024-07-12", "close": 45.799999, "volume": 456000, "typical_volume": 353600.0, "trend": 46.201959, "fair_value": 45.826602, "relative_strength": -21.630841, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.401567, "energy": 19.324313, "activity_lines": [ 45.853334, 46.090909, 46.01099, 46.035061 ] }, { "date": "2024-07-19", "close": 45.700001, "volume": 363000, "typical_volume": 358600.0, "trend": 46.136361, "fair_value": 45.85513, "relative_strength": -18.050451, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.099616, "energy": 23.260474, "activity_lines": [ 45.793334, 45.986364, 45.992305, 46.002677 ] }, { "date": "2024-07-26", "close": 44.200001, "volume": 167000, "typical_volume": 330900.0, "trend": 46.025562, "fair_value": 45.870868, "relative_strength": -17.917576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.432612, "energy": 47.608806, "activity_lines": [ 45.253334, 45.62, 45.834419, 45.877751 ] }, { "date": "2024-08-02", "close": 43.0, "volume": 413000, "typical_volume": 336000.0, "trend": 45.863563, "fair_value": 45.85034, "relative_strength": -18.21084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.115952, "energy": 70.144396, "activity_lines": [ 44.426667, 45.079091, 45.56939, 45.682553 ] }, { "date": "2024-08-09", "close": 36.400002, "volume": 1660000, "typical_volume": 407400.0, "trend": 45.527967, "fair_value": 45.809728, "relative_strength": -29.861812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.542186, "energy": 94.740323, "activity_lines": [ 41.586668, 43.412728, 44.682245, 45.072001 ] }, { "date": "2024-08-16", "close": 39.200001, "volume": 805000, "typical_volume": 443500.0, "trend": 45.301707, "fair_value": 45.762573, "relative_strength": -27.049863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.365417, "energy": 92.852857, "activity_lines": [ 40.313334, 42.454546, 44.10788, 44.663745 ] }, { "date": "2024-08-23", "close": 39.849998, "volume": 500000, "typical_volume": 464150.0, "trend": 45.076311, "fair_value": 45.731831, "relative_strength": -24.757413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.99424, "energy": 88.070599, "activity_lines": [ 39.696667, 41.738182, 43.627285, 44.312022 ] }, { "date": "2024-08-30", "close": 39.549999, "volume": 334000, "typical_volume": 465750.0, "trend": 44.871317, "fair_value": 45.699165, "relative_strength": -25.276466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.750025, "energy": 87.658661, "activity_lines": [ 39.37, 41.079091, 43.146432, 43.955485 ] }, { "date": "2024-09-06", "close": 39.549999, "volume": 322000, "typical_volume": 465550.0, "trend": 44.639122, "fair_value": 45.671489, "relative_strength": -21.88817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.173525, "energy": 72.827306, "activity_lines": [ 39.353333, 40.535454, 42.696007, 43.612175 ] }, { "date": "2024-09-13", "close": 38.150002, "volume": 245000, "typical_volume": 469400.0, "trend": 44.342658, "fair_value": 45.636653, "relative_strength": -25.283141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.274801, "energy": 64.283714, "activity_lines": [ 39.1, 39.850909, 42.128047, 43.193522 ] }, { "date": "2024-09-20", "close": 39.150002, "volume": 253000, "typical_volume": 460000.0, "trend": 44.089128, "fair_value": 45.618658, "relative_strength": -24.207207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.791312, "energy": 55.81751, "activity_lines": [ 39.063334, 39.489091, 41.687619, 42.858512 ] }, { "date": "2024-09-27", "close": 39.799999, "volume": 364000, "typical_volume": 433400.0, "trend": 43.866866, "fair_value": 45.602109, "relative_strength": -24.578552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.659584, "energy": 49.428176, "activity_lines": [ 39.246667, 39.366364, 41.347143, 42.581794 ] }, { "date": "2024-10-04", "close": 39.400002, "volume": 75000, "typical_volume": 425900.0, "trend": 43.656873, "fair_value": 45.588892, "relative_strength": -22.842084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.526548, "energy": 43.146122, "activity_lines": [ 39.300001, 39.278182, 40.999524, 42.293609 ] }, { "date": "2024-10-11", "close": 39.549999, "volume": 111000, "typical_volume": 414250.0, "trend": 43.496683, "fair_value": 45.56938, "relative_strength": -23.963293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.691364, "energy": 36.530624, "activity_lines": [ 39.413334, 39.304546, 40.700477, 42.028649 ] }, { "date": "2024-10-18", "close": 38.299999, "volume": 187000, "typical_volume": 393400.0, "trend": 43.237222, "fair_value": 45.541401, "relative_strength": -27.580246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.352099, "energy": 42.163652, "activity_lines": [ 39.11, 39.166364, 40.318334, 41.693379 ] }, { "date": "2024-10-25", "close": 39.150002, "volume": 258000, "typical_volume": 384000.0, "trend": 43.012495, "fair_value": 45.524767, "relative_strength": -24.886959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.462718, "energy": 37.530272, "activity_lines": [ 39.08, 39.148182, 40.060238, 41.429688 ] }, { "date": "2024-11-01", "close": 37.450001, "volume": 209000, "typical_volume": 381400.0, "trend": 42.734301, "fair_value": 45.497236, "relative_strength": -25.706945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.293523, "energy": 45.879553, "activity_lines": [ 38.483334, 38.821819, 39.672858, 41.070817 ] }, { "date": "2024-11-08", "close": 34.400002, "volume": 755000, "typical_volume": 402950.0, "trend": 42.349641, "fair_value": 45.443803, "relative_strength": -33.264432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.397481, "energy": 82.764173, "activity_lines": [ 37.026668, 37.984546, 39.035715, 40.53312 ] }, { "date": "2024-11-15", "close": 34.549999, "volume": 461000, "typical_volume": 416700.0, "trend": 42.072389, "fair_value": 45.369109, "relative_strength": -29.834094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.728795, "energy": 87.700271, "activity_lines": [ 35.953334, 37.268182, 38.467619, 40.029918 ] }, { "date": "2024-11-22", "close": 34.0, "volume": 164270, "typical_volume": 405113.5, "trend": 41.707997, "fair_value": 45.253697, "relative_strength": -30.572623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.109474, "energy": 90.559127, "activity_lines": [ 35.03, 36.542728, 37.900715, 39.509118 ] }, { "date": "2024-11-29", "close": 33.700001, "volume": 243000, "typical_volume": 394463.5, "trend": 41.26, "fair_value": 45.11822, "relative_strength": -28.281317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.660713, "energy": 89.490288, "activity_lines": [ 34.293334, 35.838182, 37.361905, 38.992474 ] }, { "date": "2024-12-06", "close": 34.950001, "volume": 208000, "typical_volume": 386713.5, "trend": 40.881667, "fair_value": 44.972614, "relative_strength": -27.710661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.795088, "energy": 77.908814, "activity_lines": [ 34.336667, 35.460001, 36.999762, 38.585377 ] }, { "date": "2024-12-13", "close": 35.0, "volume": 165000, "typical_volume": 386613.5, "trend": 40.495, "fair_value": 44.80329, "relative_strength": -26.250344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.441579, "energy": 60.433269, "activity_lines": [ 34.563334, 35.179091, 36.693572, 38.205914 ] }, { "date": "2024-12-20", "close": 34.849998, "volume": 141000, "typical_volume": 373013.5, "trend": 40.086667, "fair_value": 44.623934, "relative_strength": -24.079885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.096952, "energy": 53.380997, "activity_lines": [ 34.7, 34.950909, 36.416905, 37.841721 ] }, { "date": "2024-12-27", "close": 34.349998, "volume": 163000, "typical_volume": 298163.5, "trend": 39.653334, "fair_value": 44.451804, "relative_strength": -26.819336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.000438, "energy": 48.92967, "activity_lines": [ 34.649999, 34.717272, 36.131429, 37.471613 ] }, { "date": "2025-01-03", "close": 33.25, "volume": 173000, "typical_volume": 266563.5, "trend": 39.228334, "fair_value": 44.279427, "relative_strength": -27.137133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.614991, "energy": 51.684435, "activity_lines": [ 34.209999, 34.355454, 35.750952, 37.058495 ] }, { "date": "2025-01-10", "close": 32.0, "volume": 240000, "typical_volume": 253563.5, "trend": 38.761667, "fair_value": 44.100397, "relative_strength": -29.330397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.955366, "energy": 57.681694, "activity_lines": [ 33.383333, 33.873636, 35.279762, 36.592151 ] }, { "date": "2025-01-17", "close": 31.450001, "volume": 166000, "typical_volume": 245163.5, "trend": 38.28, "fair_value": 43.911038, "relative_strength": -30.105186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.170364, "energy": 64.036153, "activity_lines": [ 32.57, 33.390909, 34.793572, 36.12043 ] }, { "date": "2025-01-24", "close": 31.299999, "volume": 71000, "typical_volume": 232613.5, "trend": 37.796667, "fair_value": 43.745209, "relative_strength": -30.69044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.857182, "energy": 77.300519, "activity_lines": [ 31.943333, 32.934545, 34.331667, 35.670108 ] }, { "date": "2025-02-07", "close": 33.900002, "volume": 601128, "typical_volume": 250419.9, "trend": 37.396667, "fair_value": 43.591965, "relative_strength": -23.954594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.084604, "energy": 57.656023, "activity_lines": [ 32.420001, 33.01, 34.156667, 35.41871 ] }, { "date": "2025-02-14", "close": 40.200001, "volume": 1658762, "typical_volume": 320708.0, "trend": 37.21, "fair_value": 43.482281, "relative_strength": -7.774638, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -6.179827, "energy": 8.83746, "activity_lines": [ 35.026667, 34.232728, 34.601905, 35.59957 ] }, { "date": "2025-02-21", "close": 43.400002, "volume": 7503365, "typical_volume": 677676.25, "trend": 37.133334, "fair_value": 43.356372, "relative_strength": -2.158002, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.645977, "energy": 45.297771, "activity_lines": [ 38.236668, 35.919092, 35.346905, 35.998925 ] }, { "date": "2025-02-28", "close": 40.25, "volume": 1322942, "typical_volume": 740073.35, "trend": 37.001667, "fair_value": 43.223876, "relative_strength": -5.888259, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.271864, "energy": 46.194944, "activity_lines": [ 39.636668, 36.879092, 35.774762, 36.2 ] }, { "date": "2025-03-07", "close": 35.900002, "volume": 761429, "typical_volume": 772594.8, "trend": 36.765, "fair_value": 43.081185, "relative_strength": -13.510983, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.240724, "energy": 39.851889, "activity_lines": [ 39.000001, 36.952728, 35.784286, 36.128925 ] }, { "date": "2025-03-14", "close": 33.700001, "volume": 410033, "typical_volume": 783746.45, "trend": 36.675, "fair_value": 42.935277, "relative_strength": -15.881525, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.659924, "energy": 19.26452, "activity_lines": [ 37.323335, 36.607274, 35.601667, 35.931183 ] }, { "date": "2025-03-21", "close": 34.049999, "volume": 275163, "typical_volume": 784604.6, "trend": 36.503334, "fair_value": 42.799776, "relative_strength": -15.286824, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.416006, "energy": 20.492746, "activity_lines": [ 35.776667, 36.337273, 35.474286, 35.761828 ] }, { "date": "2025-03-28", "close": 33.099998, "volume": 296256, "typical_volume": 788967.4, "trend": 36.278334, "fair_value": 42.673152, "relative_strength": -14.663059, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.492043, "energy": 35.904267, "activity_lines": [ 34.323333, 35.88, 35.280714, 35.542258 ] }, { "date": "2025-04-04", "close": 32.299999, "volume": 184006, "typical_volume": 760417.7, "trend": 36.036667, "fair_value": 42.517816, "relative_strength": -14.855171, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.458497, "energy": 40.816085, "activity_lines": [ 33.289999, 35.257273, 35.031667, 35.285592 ] }, { "date": "2025-04-11", "close": 26.0, "volume": 775323, "typical_volume": 776133.85, "trend": 35.585, "fair_value": 42.330259, "relative_strength": -24.502086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.59331, "energy": 74.172011, "activity_lines": [ 30.686666, 33.473636, 34.192619, 34.638065 ] }, { "date": "2025-04-18", "close": 31.299999, "volume": 393210, "typical_volume": 787580.85, "trend": 35.356667, "fair_value": 42.180758, "relative_strength": -7.881066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.680836, "energy": 65.756181, "activity_lines": [ 30.509999, 32.75, 33.899048, 34.361613 ] }, { "date": "2025-04-25", "close": 33.549999, "volume": 3126792, "typical_volume": 931770.45, "trend": 35.17, "fair_value": 42.075615, "relative_strength": -3.093262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.137101, "energy": 48.12361, "activity_lines": [ 31.243332, 32.482727, 33.832619, 34.245054 ] }, { "date": "2025-05-02", "close": 32.400002, "volume": 341803, "typical_volume": 938460.6, "trend": 34.923334, "fair_value": 41.967635, "relative_strength": -9.862695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.885736, "energy": 34.994201, "activity_lines": [ 31.626667, 32.127273, 33.657381, 34.066344 ] }, { "date": "2025-05-09", "close": 29.75, "volume": 743081, "typical_volume": 967364.65, "trend": 34.601667, "fair_value": 41.860811, "relative_strength": -16.910957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.018251, "energy": 30.962601, "activity_lines": [ 31.173334, 31.49, 33.241905, 33.732581 ] }, { "date": "2025-05-16", "close": 29.200001, "volume": 183368, "typical_volume": 969483.05, "trend": 34.256667, "fair_value": 41.71599, "relative_strength": -21.117538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.554659, "energy": 33.681032, "activity_lines": [ 30.706667, 30.943636, 32.799048, 33.384086 ] }, { "date": "2025-05-23", "close": 28.9, "volume": 150009, "typical_volume": 968833.5, "trend": 33.943334, "fair_value": 41.571061, "relative_strength": -20.463854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.696656, "energy": 49.150145, "activity_lines": [ 29.926667, 30.464546, 32.354524, 33.038495 ] }, { "date": "2025-05-30", "close": 26.799999, "volume": 164011, "typical_volume": 968384.05, "trend": 33.531667, "fair_value": 41.404053, "relative_strength": -24.38504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.279605, "energy": 68.625705, "activity_lines": [ 28.606667, 29.690909, 31.735952, 32.577634 ] }, { "date": "2025-06-06", "close": 29.700001, "volume": 279015, "typical_volume": 970334.8, "trend": 33.273333, "fair_value": 41.252914, "relative_strength": -16.579231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.34114, "energy": 60.765082, "activity_lines": [ 28.703334, 29.576364, 31.424286, 32.33043 ] }, { "date": "2025-06-13", "close": 32.25, "volume": 704718, "typical_volume": 997270.7, "trend": 33.201667, "fair_value": 41.099524, "relative_strength": -10.43458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.374153, "energy": 36.697521, "activity_lines": [ 29.83, 29.987273, 31.366429, 32.264409 ] }, { "date": "2025-06-20", "close": 35.650002, "volume": 4890428, "typical_volume": 1238242.1, "trend": 33.238333, "fair_value": 40.973373, "relative_strength": -0.368388, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.142888, "energy": 10.202269, "activity_lines": [ 31.923334, 31.017273, 31.628572, 32.422366 ] }, { "date": "2025-06-27", "close": 34.450001, "volume": 2145595, "typical_volume": 1315465.45, "trend": 33.253334, "fair_value": 40.868556, "relative_strength": -5.498519, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.650987, "energy": 18.611747, "activity_lines": [ 33.186668, 31.653637, 31.755715, 32.500538 ] }, { "date": "2025-07-04", "close": 34.0, "volume": 771073, "typical_volume": 1271081.0, "trend": 33.263334, "fair_value": 40.800768, "relative_strength": -6.060406, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.796872, "energy": 21.836559, "activity_lines": [ 33.930001, 32.15091, 31.837381, 32.54871 ] }, { "date": "2025-07-11", "close": 32.700001, "volume": 454108, "typical_volume": 918618.15, "trend": 33.188333, "fair_value": 40.734153, "relative_strength": -9.90871, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.87653, "energy": 21.331426, "activity_lines": [ 33.760001, 32.403637, 31.824762, 32.512366 ] }, { "date": "2025-07-18", "close": 33.849998, "volume": 346136, "typical_volume": 869777.85, "trend": 33.15, "fair_value": 40.662732, "relative_strength": -8.747346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.523318, "energy": 22.916871, "activity_lines": [ 33.773333, 32.86, 31.972619, 32.555054 ] }, { "date": "2025-07-25", "close": 33.150002, "volume": 253602, "typical_volume": 844386.5, "trend": 33.093334, "fair_value": 40.598515, "relative_strength": -9.929955, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.367933, "energy": 14.056784, "activity_lines": [ 33.446667, 33.114546, 32.084286, 32.555054 ] }, { "date": "2025-08-01", "close": 32.950001, "volume": 201118, "typical_volume": 833940.75, "trend": 33.046667, "fair_value": 40.523273, "relative_strength": -10.090768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.363538, "energy": 4.644255, "activity_lines": [ 33.220001, 33.26091, 32.19, 32.545807 ] }, { "date": "2025-08-08", "close": 32.299999, "volume": 224374, "typical_volume": 831401.3, "trend": 33.015, "fair_value": 40.430223, "relative_strength": -13.332856, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.23592, "energy": 4.233319, "activity_lines": [ 32.876667, 33.215455, 32.237381, 32.497635 ] }, { "date": "2025-08-15", "close": 30.700001, "volume": 309586, "typical_volume": 832067.8, "trend": 32.971667, "fair_value": 40.34007, "relative_strength": -18.246569, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.756797, "energy": 19.002751, "activity_lines": [ 32.113334, 32.779091, 32.140715, 32.34828 ] }, { "date": "2025-08-22", "close": 30.200001, "volume": 307070, "typical_volume": 838221.0, "trend": 32.93, "fair_value": 40.251097, "relative_strength": -17.150222, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.452078, "energy": 24.444415, "activity_lines": [ 31.316667, 32.233637, 32.007858, 32.169463 ] }, { "date": "2025-08-29", "close": 31.35, "volume": 446567, "typical_volume": 821783.2, "trend": 32.931667, "fair_value": 40.153419, "relative_strength": -15.121396, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.378387, "energy": 26.89549, "activity_lines": [ 31.146667, 31.934546, 31.994524, 32.067527 ] }, { "date": "2025-09-05", "close": 31.1, "volume": 259187, "typical_volume": 815082.05, "trend": 32.838334, "fair_value": 40.062421, "relative_strength": -16.161421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.417815, "energy": 28.137037, "activity_lines": [ 31.013334, 31.668182, 31.931905, 31.949355 ] }, { "date": "2025-09-12", "close": 31.950001, "volume": 402554, "typical_volume": 678870.15, "trend": 32.563334, "fair_value": 39.979794, "relative_strength": -16.557483, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.300925, "energy": 20.847541, "activity_lines": [ 31.286667, 31.617273, 31.951191, 31.892043 ] }, { "date": "2025-09-19", "close": 33.0, "volume": 304060, "typical_volume": 676983.0, "trend": 32.216667, "fair_value": 39.917539, "relative_strength": -13.653145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.773345, "energy": 5.104766, "activity_lines": [ 31.933334, 31.794546, 32.078096, 31.920215 ] }, { "date": "2025-09-26", "close": 31.200001, "volume": 165134, "typical_volume": 648085.65, "trend": 31.915, "fair_value": 39.840822, "relative_strength": -17.790361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.381895, "energy": 4.822376, "activity_lines": [ 31.826667, 31.639091, 32.030715, 31.854624 ] }, { "date": "2025-10-03", "close": 32.349998, "volume": 133821, "typical_volume": 645608.3, "trend": 31.796667, "fair_value": 39.795836, "relative_strength": -17.95212, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.462774, "energy": 10.584531, "activity_lines": [ 32.036666, 31.740909, 32.085953, 31.882688 ] }, { "date": "2025-10-10", "close": 31.950001, "volume": 165663, "typical_volume": 646391.0, "trend": 31.738333, "fair_value": 39.772645, "relative_strength": -19.9488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.57955, "energy": 15.701493, "activity_lines": [ 32.046667, 31.784546, 32.088096, 31.892581 ] }, { "date": "2025-10-17", "close": 30.799999, "volume": 238281, "typical_volume": 650104.5, "trend": 31.63, "fair_value": 39.745979, "relative_strength": -22.218678, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.778156, "energy": 12.150184, "activity_lines": [ 31.616666, 31.637273, 31.966191, 31.832043 ] }, { "date": "2025-10-24", "close": 31.6, "volume": 195840, "typical_volume": 645945.75, "trend": 31.58, "fair_value": 39.740519, "relative_strength": -20.354724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.343776, "energy": 5.463918, "activity_lines": [ 31.53, 31.662727, 31.901429, 31.830108 ] }, { "date": "2025-10-31", "close": 30.35, "volume": 322195, "typical_volume": 626819.6, "trend": 31.515, "fair_value": 39.734109, "relative_strength": -24.800847, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -27.634996, "energy": 25.190028, "activity_lines": [ 31.12, 31.444545, 31.708572, 31.750753 ] }, { "date": "2025-11-07", "close": 27.75, "volume": 294954, "typical_volume": 397045.9, "trend": 31.573334, "fair_value": 39.711521, "relative_strength": -29.185827, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.253734, "energy": 63.123502, "activity_lines": [ 29.9, 30.750909, 31.277143, 31.50785 ] }, { "date": "2025-11-14", "close": 29.15, "volume": 173547, "typical_volume": 298443.5, "trend": 31.501667, "fair_value": 39.651381, "relative_strength": -24.51769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.958749, "energy": 62.261296, "activity_lines": [ 29.453333, 30.377273, 31.016667, 31.351506 ] }, { "date": "2025-11-21", "close": 28.049999, "volume": 108218, "typical_volume": 265300.75, "trend": 31.318334, "fair_value": 39.593446, "relative_strength": -24.247892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.473893, "energy": 71.633751, "activity_lines": [ 28.826666, 29.839091, 30.676667, 31.128817 ] }, { "date": "2025-11-28", "close": 28.4, "volume": 143200, "typical_volume": 249755.35, "trend": 31.185, "fair_value": 39.531909, "relative_strength": -26.147875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.517931, "energy": 72.213005, "activity_lines": [ 28.5, 29.435454, 30.398333, 30.940538 ] }, { "date": "2025-12-05", "close": 28.200001, "volume": 168124, "typical_volume": 240854.75, "trend": 31.133334, "fair_value": 39.470551, "relative_strength": -27.08716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.740962, "energy": 65.40719, "activity_lines": [ 28.32, 29.079091, 30.121429, 30.747957 ] }, { "date": "2025-12-12", "close": 28.9, "volume": 136234, "typical_volume": 234986.35, "trend": 31.123334, "fair_value": 39.404424, "relative_strength": -25.352052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.261255, "energy": 51.381173, "activity_lines": [ 28.516667, 28.904545, 29.938095, 30.603871 ] }, { "date": "2025-12-19", "close": 28.450001, "volume": 143028, "typical_volume": 232081.85, "trend": 31.108334, "fair_value": 39.338822, "relative_strength": -24.662918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.454492, "energy": 41.471938, "activity_lines": [ 28.486667, 28.710909, 29.732143, 30.431398 ] }, { "date": "2025-12-26", "close": 28.799999, "volume": 214842, "typical_volume": 231605.25, "trend": 31.175, "fair_value": 39.275952, "relative_strength": -25.464707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.814862, "energy": 36.458639, "activity_lines": [ 28.62, 28.644545, 29.580952, 30.282473 ] }, { "date": "2026-01-02", "close": 28.450001, "volume": 128446, "typical_volume": 222548.25, "trend": 31.133334, "fair_value": 39.215222, "relative_strength": -27.842513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.049316, "energy": 31.326596, "activity_lines": [ 28.586667, 28.550909, 29.413095, 30.106667 ] }, { "date": "2026-01-09", "close": 28.15, "volume": 225026, "typical_volume": 218446.05, "trend": 30.996667, "fair_value": 39.153544, "relative_strength": -30.296226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.241245, "energy": 36.591374, "activity_lines": [ 28.45, 28.46, 29.227381, 29.914194 ] }, { "date": "2026-01-16", "close": 34.200001, "volume": 1407360, "typical_volume": 266485.7, "trend": 30.948334, "fair_value": 39.131378, "relative_strength": -17.977599, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 1.949354, "energy": 12.274362, "activity_lines": [ 30.333334, 29.509091, 29.627619, 30.12086 ] }, { "date": "2026-01-23", "close": 37.75, "volume": 4948092, "typical_volume": 500930.95, "trend": 31.058333, "fair_value": 39.132456, "relative_strength": -10.800105, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.984139, "energy": 48.282441, "activity_lines": [ 33.046667, 31.086364, 30.352381, 30.559678 ] }, { "date": "2026-01-30", "close": 32.099998, "volume": 1032086, "typical_volume": 532407.55, "trend": 30.995, "fair_value": 39.096342, "relative_strength": -24.029027, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.630514, "energy": 37.377771, "activity_lines": [ 33.256666, 31.48, 30.507381, 30.626882 ] }, { "date": "2026-02-06", "close": 31.75, "volume": 249414, "typical_volume": 529675.25, "trend": 30.963333, "fair_value": 39.042638, "relative_strength": -23.697992, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.58613, "energy": 38.704841, "activity_lines": [ 33.13, 31.736364, 30.628333, 30.675591 ] }, { "date": "2026-02-13", "close": 32.700001, "volume": 125017, "typical_volume": 527669.4, "trend": 30.925, "fair_value": 38.991127, "relative_strength": -24.834737, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.31075, "energy": 49.859064, "activity_lines": [ 33.1, 32.104546, 30.845714, 30.787634 ] }, { "date": "2026-02-27", "close": 32.799999, "volume": 204136, "typical_volume": 531185.15, "trend": 30.913333, "fair_value": 38.937333, "relative_strength": -27.483194, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.851031, "energy": 20.762166, "activity_lines": [ 32.8, 32.409091, 31.065476, 30.908602 ] }, { "date": "2026-03-06", "close": 29.85, "volume": 328667, "typical_volume": 539335.35, "trend": 30.81, "fair_value": 38.826142, "relative_strength": -29.530512, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.96056, "energy": 13.21012, "activity_lines": [ 31.61, 32.106363, 31.002143, 30.84 ] }, { "date": "2026-03-13", "close": 31.049999, "volume": 191301, "typical_volume": 536986.35, "trend": 30.768333, "fair_value": 38.708515, "relative_strength": -25.509785, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.688447, "energy": 15.58788, "activity_lines": [ 31.346666, 31.996363, 31.063095, 30.855484 ] }, { "date": "2026-03-20", "close": 36.5, "volume": 2545455, "typical_volume": 654467.1, "trend": 30.961667, "fair_value": 38.635568, "relative_strength": -12.206505, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.151265, "energy": 30.460988, "activity_lines": [ 32.97, 32.836363, 31.641905, 31.225269 ] }, { "date": "2026-03-27", "close": 34.950001, "volume": 444233, "typical_volume": 660569.0, "trend": 31.12, "fair_value": 38.55707, "relative_strength": -14.203902, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.287847, "energy": 31.136613, "activity_lines": [ 33.76, 33.248182, 32.049762, 31.482581 ] }, { "date": "2026-04-03", "close": 36.299999, "volume": 222073, "typical_volume": 656924.95, "trend": 31.285, "fair_value": 38.476994, "relative_strength": -8.816687, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.938877, "energy": 53.223182, "activity_lines": [ 34.85, 33.781818, 32.564286, 31.816774 ] }, { "date": "2026-04-10", "close": 35.450001, "volume": 363629, "typical_volume": 666429.05, "trend": 31.43, "fair_value": 38.392931, "relative_strength": -17.435895, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.914033, "energy": 56.570833, "activity_lines": [ 35.423334, 34.122727, 32.957143, 32.085484 ] }, { "date": "2026-04-17", "close": 35.25, "volume": 278083, "typical_volume": 674922.3, "trend": 31.54, "fair_value": 38.305151, "relative_strength": -20.52353, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.18299, "energy": 48.848418, "activity_lines": [ 35.556667, 34.469091, 33.300952, 32.331935 ] }, { "date": "2026-04-24", "close": 33.299999, "volume": 404033, "typical_volume": 687963.95, "trend": 31.55, "fair_value": 38.216563, "relative_strength": -28.154389, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.268042, "energy": 31.837755, "activity_lines": [ 34.76, 34.403636, 33.424762, 32.445484 ] }, { "date": "2026-05-01", "close": 33.299999, "volume": 269140, "typical_volume": 693014.75, "trend": 31.62, "fair_value": 38.134795, "relative_strength": -27.163924, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.744759, "energy": 21.670798, "activity_lines": [ 34.176666, 34.31, 33.525238, 32.558387 ] }, { "date": "2026-05-08", "close": 35.599998, "volume": 1801653, "typical_volume": 776285.7, "trend": 31.728333, "fair_value": 38.071181, "relative_strength": -26.295818, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.012136, "energy": 22.894831, "activity_lines": [ 34.469999, 34.623636, 33.820476, 32.815161 ] }, { "date": "2026-05-15", "close": 36.650002, "volume": 3926200, "typical_volume": 965444.3, "trend": 31.885, "fair_value": 38.031735, "relative_strength": -22.644565, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.879663, "energy": 28.946698, "activity_lines": [ 35.16, 35.077273, 34.183809, 33.132688 ] }, { "date": "2026-05-22", "close": 40.200001, "volume": 4825201, "typical_volume": 1195962.25, "trend": 32.198333, "fair_value": 38.043509, "relative_strength": -16.814884, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.0972, "energy": 52.116133, "activity_lines": [ 36.953334, 36.052727, 34.84619, 33.66914 ] }, { "date": "2026-05-29", "close": 47.0, "volume": 14132397, "typical_volume": 1896159.8, "trend": 32.711667, "fair_value": 38.089385, "relative_strength": -7.661823, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.574501, "energy": 77.111458, "activity_lines": [ 40.683334, 38.098182, 36.101905, 34.624086 ] }, { "date": "2026-06-05", "close": 45.700001, "volume": 6502112, "typical_volume": 2210014.1, "trend": 33.223333, "fair_value": 38.12821, "relative_strength": -10.524016, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.626494, "energy": 80.221287, "activity_lines": [ 43.066667, 39.716364, 37.145476, 35.462043 ] }, { "date": "2026-06-12", "close": 47.5, "volume": 4797212, "typical_volume": 2379506.7, "trend": 33.881667, "fair_value": 38.165906, "relative_strength": -4.62213, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.530118, "energy": 84.034027, "activity_lines": [ 45.223334, 41.466364, 38.276905, 36.383118 ] }, { "date": "2026-06-19", "close": 57.700001, "volume": 13039086, "typical_volume": 2784056.4, "trend": 34.833333, "fair_value": 38.275756, "relative_strength": 10.547069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.977439, "energy": 96.606215, "activity_lines": [ 49.986667, 44.867273, 40.316429, 37.919785 ] }, { "date": "2026-06-26", "close": 55.0, "volume": 10893661, "typical_volume": 3277135.15, "trend": 35.731667, "fair_value": 38.358144, "relative_strength": 10.575786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.710205, "energy": 89.88768, "activity_lines": [ 52.446667, 47.372728, 42.00381, 39.22086 ] }, { "date": "2026-07-03", "close": 61.099998, "volume": 2228864, "typical_volume": 3376107.65, "trend": 36.821667, "fair_value": 38.481789, "relative_strength": 17.484037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.128498, "energy": 92.659857, "activity_lines": [ 55.953333, 50.628182, 44.163095, 40.857527 ] }, { "date": "2026-07-10", "close": 63.299999, "volume": 9761320, "typical_volume": 3857922.8, "trend": 37.991667, "fair_value": 38.625998, "relative_strength": 25.785358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.85988, "energy": 89.793983, "activity_lines": [ 59.253333, 53.778182, 46.392143, 42.565806 ] }, { "date": "2026-07-17", "close": 48.900002, "volume": 4418858, "typical_volume": 4068658.9, "trend": 38.658333, "fair_value": 38.684053, "relative_strength": 3.805303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.967977, "energy": 56.928743, "activity_lines": [ 56.58, 53.764546, 47.104048, 43.26957 ] }, { "date": "2026-07-24", "close": 44.549999, "volume": 2136483, "typical_volume": 4159049.7, "trend": 39.195, "fair_value": 38.719148, "relative_strength": -6.866719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.629073, "energy": 39.681577, "activity_lines": [ 52.363333, 52.718182, 47.325, 43.649677 ] }, { "date": "2026-07-31", "close": 39.599998, "volume": 1510254, "typical_volume": 4224997.35, "trend": 39.555, "fair_value": 38.726204, "relative_strength": -15.44489, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.56261, "energy": 18.153993, "activity_lines": [ 47.373333, 50.628181, 47.004524, 43.675806 ] }, { "date": "2026-08-07", "close": 45.349998, "volume": 1480269, "typical_volume": 4171738.05, "trend": 40.118333, "fair_value": 38.772274, "relative_strength": -4.948656, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.061388, "energy": 27.166343, "activity_lines": [ 45.326665, 49.594545, 47.190952, 44.049677 ] }, { "date": "2026-08-14", "close": 52.0, "volume": 2064393, "typical_volume": 4252746.05, "trend": 40.913333, "fair_value": 38.864356, "relative_strength": 5.612786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.256817, "energy": 25.875203, "activity_lines": [ 46.546666, 49.799999, 47.968571, 44.816236 ] } ], "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." } } }