{ "ticker": { "uuid": "2a91e667-181f-4d2e-8a73-f315239dde87", "symbol": "SESHAPAPER", "name": "Seshasayee Paper and Boards Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 91.07, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -37.234, "architecture_energy": 19.194, "architecture_maturity": 50.598, "architecture_confidence": 74.54, "architecture_tenure": "Developing", "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": 38.94, "rotation_up": 28.23, "upward_expansion": 20.64, "deceleration": 43.24, "rotation_down": 31.89, "downward_expansion": 59.31 }, "activity_lines": [ 231.894001, 229.79089, 234.003094, 239.699415 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 229.210007, "trend_reference": 243.969728, "distance_from_trend": -0.060498, "trend_direction": "Weakening", "fair_value": 292.9576, "distance_from_fair_value": -0.2176, "fair_value_direction": "Weakening", "relative_strength": -6.862765, "relative_strength_direction": "Weakening", "price_momentum": -0.036447, "excess_performance": 0.007262, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.060498, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.019258, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.2176, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.104424, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.068628, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.103613, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.036447, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.504031, "read": "Demand-led" } ], "volume": { "latest": 505623, "relative_activity": 1.402327, "balance": 3.504031, "dry_up": 3.939708, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.071206, "annualized_volatility": 0.34073, "from_high_reference": -0.218007, "from_low_reference": 0.083274 }, "levels": { "trend_reference": 243.969728, "fair_value_reference": 292.9576, "structural_low": 215.050003, "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": 24, "median_return": 0.011365, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": -0.003578, "regime_survival": 0.791667, "best_return": 0.167676, "worst_return": -0.115515, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.016209, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.004264, "regime_survival": 0.444444, "best_return": 0.394619, "worst_return": -0.143068, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.05159, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.022254, "regime_survival": 0.333333, "best_return": 0.260101, "worst_return": -0.105224, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.176566, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.045726, "regime_survival": 0.25, "best_return": 0.735915, "worst_return": -0.110495, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-08-09", "tenure": "New", "return": -0.008441, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-10-25", "tenure": "Developing", "return": -0.112281, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-01", "end": "2024-11-08", "tenure": "New", "return": -0.028944, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-05-23", "tenure": "Extended", "return": 0.001897, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": -0.006552, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-08-01", "tenure": "Developing", "return": -0.131343, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": -0.001329, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.010356, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-09-19", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2026-02-06", "tenure": "Established", "return": -0.056032, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.033221, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-05-29", "tenure": "Developing", "return": -0.126707, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.025263, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.009806, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 275.966827, "volume": 927118, "typical_volume": 478035.5, "trend": 258.60926, "fair_value": 194.50941, "relative_strength": -2.439521, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.006004, "energy": 21.514146, "activity_lines": [ 267.308265, 270.678467, 269.40892, 264.32066 ] }, { "date": "2023-08-25", "close": 301.356537, "volume": 1577111, "typical_volume": 548075.75, "trend": 260.110806, "fair_value": 195.52741, "relative_strength": 6.727066, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.823504, "energy": 31.237364, "activity_lines": [ 277.871041, 276.041382, 272.775252, 267.078549 ] }, { "date": "2023-09-01", "close": 313.319031, "volume": 882101, "typical_volume": 577656.2, "trend": 262.068453, "fair_value": 196.641522, "relative_strength": 10.041804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.750457, "energy": 68.448736, "activity_lines": [ 291.727982, 283.059072, 276.973281, 270.511338 ] }, { "date": "2023-09-08", "close": 365.612061, "volume": 3721655, "typical_volume": 749401.15, "trend": 265.789911, "fair_value": 198.119242, "relative_strength": 25.442608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.913678, "energy": 88.344593, "activity_lines": [ 319.959398, 298.729679, 285.865107, 277.19157 ] }, { "date": "2023-09-15", "close": 373.375458, "volume": 2269758, "typical_volume": 841437.75, "trend": 269.964505, "fair_value": 199.660478, "relative_strength": 25.230769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.685352, "energy": 93.806159, "activity_lines": [ 343.197502, 314.155267, 294.926661, 284.132573 ] }, { "date": "2023-09-22", "close": 365.660919, "volume": 446619, "typical_volume": 821472.65, "trend": 274.181446, "fair_value": 201.157941, "relative_strength": 25.376478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.131372, "energy": 91.106036, "activity_lines": [ 356.442481, 326.416022, 302.753166, 290.306536 ] }, { "date": "2023-09-29", "close": 375.426208, "volume": 526266, "typical_volume": 829945.8, "trend": 278.359082, "fair_value": 202.746398, "relative_strength": 28.3252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.590553, "energy": 90.983917, "activity_lines": [ 366.96295, 338.899604, 311.059987, 296.838456 ] }, { "date": "2023-10-06", "close": 368.883423, "volume": 295142, "typical_volume": 833567.05, "trend": 282.296322, "fair_value": 204.299789, "relative_strength": 25.518581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.731221, "energy": 85.927532, "activity_lines": [ 370.364512, 348.657777, 318.252251, 302.678736 ] }, { "date": "2023-10-13", "close": 360.387634, "volume": 815096, "typical_volume": 857011.15, "trend": 286.601937, "fair_value": 205.82622, "relative_strength": 21.636971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.181288, "energy": 62.987613, "activity_lines": [ 367.229852, 355.027399, 324.126866, 307.716885 ] }, { "date": "2023-10-20", "close": 357.1651, "volume": 593905, "typical_volume": 866998.65, "trend": 290.889346, "fair_value": 207.339467, "relative_strength": 21.403877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.058478, "energy": 55.740308, "activity_lines": [ 363.369309, 358.83852, 329.230828, 312.269347 ] }, { "date": "2023-10-27", "close": 343.83551, "volume": 511141, "typical_volume": 866714.6, "trend": 294.840766, "fair_value": 208.77474, "relative_strength": 19.804506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.896634, "energy": 41.437447, "activity_lines": [ 356.14626, 358.496736, 332.642167, 315.685229 ] }, { "date": "2023-11-03", "close": 339.929382, "volume": 262609, "typical_volume": 864992.25, "trend": 298.279642, "fair_value": 210.177502, "relative_strength": 17.148617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.200788, "energy": 31.286255, "activity_lines": [ 349.076196, 356.210771, 335.284837, 318.594172 ] }, { "date": "2023-11-10", "close": 323.32843, "volume": 462047, "typical_volume": 876667.25, "trend": 300.618728, "fair_value": 211.478629, "relative_strength": 10.223412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.587317, "energy": 23.423811, "activity_lines": [ 338.838936, 350.205127, 336.026534, 320.210222 ] }, { "date": "2023-11-17", "close": 323.32843, "volume": 330898, "typical_volume": 882725.2, "trend": 303.196776, "fair_value": 212.741197, "relative_strength": 8.339032, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.59521, "energy": 24.668488, "activity_lines": [ 331.638676, 344.017494, 336.496664, 321.675364 ] }, { "date": "2023-11-24", "close": 319.373444, "volume": 199546, "typical_volume": 841055.2, "trend": 304.899024, "fair_value": 213.939853, "relative_strength": 6.555297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.936778, "energy": 22.44935, "activity_lines": [ 325.5907, 337.879566, 336.357622, 322.71902 ] }, { "date": "2023-12-01", "close": 328.503998, "volume": 207540, "typical_volume": 828787.05, "trend": 306.808446, "fair_value": 215.197038, "relative_strength": 6.837177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.130542, "energy": 18.474357, "activity_lines": [ 325.105687, 334.383593, 336.883783, 324.241922 ] }, { "date": "2023-12-08", "close": 343.933167, "volume": 712343, "typical_volume": 833447.85, "trend": 309.198719, "fair_value": 216.505302, "relative_strength": 7.869101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.160015, "energy": 16.906727, "activity_lines": [ 330.78583, 334.368504, 338.649672, 326.637065 ] }, { "date": "2023-12-15", "close": 343.249603, "volume": 400192, "typical_volume": 815440.95, "trend": 311.903938, "fair_value": 217.767635, "relative_strength": 5.076484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.717725, "energy": 18.58946, "activity_lines": [ 335.9712, 334.801732, 340.09819, 328.833897 ] }, { "date": "2023-12-22", "close": 347.595123, "volume": 603221, "typical_volume": 804648.75, "trend": 314.72374, "fair_value": 219.105352, "relative_strength": 6.525543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.780609, "energy": 28.497934, "activity_lines": [ 341.276998, 336.491123, 341.599717, 331.136554 ] }, { "date": "2023-12-29", "close": 345.837372, "volume": 340325, "typical_volume": 804231.65, "trend": 317.308119, "fair_value": 220.400415, "relative_strength": 3.97467, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.163563, "energy": 32.522688, "activity_lines": [ 344.3791, 338.093515, 342.478126, 333.143885 ] }, { "date": "2024-01-05", "close": 352.721893, "volume": 312924, "typical_volume": 773521.95, "trend": 320.380927, "fair_value": 221.718985, "relative_strength": 6.013532, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.261357, "energy": 34.907391, "activity_lines": [ 348.01178, 341.153596, 343.613222, 335.428644 ] }, { "date": "2024-01-12", "close": 355.700317, "volume": 329132, "typical_volume": 711123.0, "trend": 323.146129, "fair_value": 223.101484, "relative_strength": 5.794185, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.875398, "energy": 37.742572, "activity_lines": [ 351.022741, 344.593638, 344.666478, 337.707315 ] }, { "date": "2024-01-19", "close": 358.19046, "volume": 722480, "typical_volume": 703141.95, "trend": 326.209171, "fair_value": 224.521168, "relative_strength": 7.704182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.795965, "energy": 43.051628, "activity_lines": [ 354.079274, 348.19969, 345.69811, 339.968239 ] }, { "date": "2024-01-26", "close": 323.181946, "volume": 446099, "typical_volume": 539364.15, "trend": 327.831835, "fair_value": 225.73258, "relative_strength": -1.665451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.369717, "energy": 13.926851, "activity_lines": [ 344.470245, 344.806702, 343.181924, 339.772934 ] }, { "date": "2024-02-02", "close": 328.943451, "volume": 416838, "typical_volume": 446718.15, "trend": 329.581449, "fair_value": 226.967174, "relative_strength": -2.304571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.106408, "energy": 10.175687, "activity_lines": [ 338.409263, 342.463923, 341.416501, 339.844652 ] }, { "date": "2024-02-09", "close": 322.351868, "volume": 300650, "typical_volume": 439419.7, "trend": 330.984394, "fair_value": 228.188509, "relative_strength": -4.017874, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.690216, "energy": 14.894513, "activity_lines": [ 331.277348, 338.748675, 339.234889, 339.378227 ] }, { "date": "2024-02-16", "close": 321.082367, "volume": 191784, "typical_volume": 422695.6, "trend": 331.988588, "fair_value": 229.36793, "relative_strength": -5.602902, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.145619, "energy": 29.798622, "activity_lines": [ 325.746934, 334.914465, 337.138606, 338.739387 ] }, { "date": "2024-02-23", "close": 334.314362, "volume": 384135, "typical_volume": 427145.25, "trend": 334.2167, "fair_value": 230.571491, "relative_strength": -2.638567, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.247698, "energy": 33.706851, "activity_lines": [ 326.935049, 333.901542, 336.561294, 338.889436 ] }, { "date": "2024-03-01", "close": 324.207306, "volume": 207060, "typical_volume": 396743.45, "trend": 336.627097, "fair_value": 231.697411, "relative_strength": -6.149651, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.664687, "energy": 34.733795, "activity_lines": [ 326.345884, 331.213431, 335.186019, 338.243669 ] }, { "date": "2024-03-08", "close": 326.404449, "volume": 239672, "typical_volume": 379031.8, "trend": 338.772203, "fair_value": 232.837415, "relative_strength": -6.176703, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.440573, "energy": 33.335075, "activity_lines": [ 326.420744, 329.350034, 334.192283, 337.584144 ] }, { "date": "2024-03-15", "close": 310.535889, "volume": 212853, "typical_volume": 364117.4, "trend": 339.924505, "fair_value": 233.878986, "relative_strength": -8.897845, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.092801, "energy": 34.707519, "activity_lines": [ 321.37535, 324.95477, 331.833735, 335.762446 ] }, { "date": "2024-03-22", "close": 304.823212, "volume": 167589, "typical_volume": 359366.4, "trend": 340.04006, "fair_value": 234.86929, "relative_strength": -10.904887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.444932, "energy": 50.80769, "activity_lines": [ 315.213462, 320.287855, 329.089692, 333.497846 ] }, { "date": "2024-03-29", "close": 287.343353, "volume": 301564, "typical_volume": 351342.25, "trend": 339.174205, "fair_value": 235.741566, "relative_strength": -16.868568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.450667, "energy": 67.36917, "activity_lines": [ 304.308899, 313.367823, 324.848072, 330.098059 ] }, { "date": "2024-04-05", "close": 313.904938, "volume": 222546, "typical_volume": 345924.65, "trend": 337.450634, "fair_value": 236.775439, "relative_strength": -9.992291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.397451, "energy": 58.023416, "activity_lines": [ 305.389598, 312.565299, 323.307486, 328.467784 ] }, { "date": "2024-04-12", "close": 314.34433, "volume": 151479, "typical_volume": 343521.3, "trend": 335.482929, "fair_value": 237.826178, "relative_strength": -9.862144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.433381, "energy": 47.89457, "activity_lines": [ 307.303585, 312.011337, 321.853619, 326.977054 ] }, { "date": "2024-04-19", "close": 307.557495, "volume": 208588, "typical_volume": 343573.7, "trend": 333.546149, "fair_value": 238.912026, "relative_strength": -10.317486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.339128, "energy": 36.408758, "activity_lines": [ 307.759302, 310.488844, 319.777336, 325.175413 ] }, { "date": "2024-04-26", "close": 339.343475, "volume": 869216, "typical_volume": 351417.35, "trend": 332.343391, "fair_value": 240.172934, "relative_strength": -2.2879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.709461, "energy": 13.418189, "activity_lines": [ 319.008905, 315.014608, 320.828034, 325.549434 ] }, { "date": "2024-05-03", "close": 325.476776, "volume": 413929, "typical_volume": 352104.2, "trend": 330.896503, "fair_value": 241.289057, "relative_strength": -6.45238, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.326138, "energy": 17.683085, "activity_lines": [ 323.334924, 316.687135, 320.57995, 325.106427 ] }, { "date": "2024-05-10", "close": 314.442017, "volume": 237000, "typical_volume": 333793.15, "trend": 329.364982, "fair_value": 242.386156, "relative_strength": -7.830793, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.205252, "energy": 17.304892, "activity_lines": [ 321.440462, 316.514025, 319.365569, 324.044847 ] }, { "date": "2024-05-17", "close": 322.54718, "volume": 137571, "typical_volume": 323655.45, "trend": 328.211051, "fair_value": 243.484994, "relative_strength": -7.17949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.932264, "energy": 17.212178, "activity_lines": [ 322.211916, 317.992131, 319.08098, 323.604989 ] }, { "date": "2024-05-24", "close": 326.510284, "volume": 191244, "typical_volume": 317571.45, "trend": 327.633544, "fair_value": 244.536302, "relative_strength": -8.049295, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.233729, "energy": 8.137005, "activity_lines": [ 323.757548, 320.260935, 319.284735, 323.495262 ] }, { "date": "2024-05-31", "close": 317.290466, "volume": 118519, "typical_volume": 307040.8, "trend": 326.878913, "fair_value": 245.532096, "relative_strength": -8.910098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.666914, "energy": 9.028321, "activity_lines": [ 320.966388, 320.562964, 318.735229, 322.827967 ] }, { "date": "2024-06-07", "close": 331.368042, "volume": 291460, "typical_volume": 285489.8, "trend": 327.1469, "fair_value": 246.635168, "relative_strength": -7.992746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.955687, "energy": 6.78657, "activity_lines": [ 324.337954, 323.197875, 319.70935, 323.117588 ] }, { "date": "2024-06-14", "close": 349.460693, "volume": 606357, "typical_volume": 293502.7, "trend": 328.017976, "fair_value": 247.848539, "relative_strength": -3.743109, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.257005, "energy": 27.460352, "activity_lines": [ 333.347652, 328.32191, 322.534305, 324.557187 ] }, { "date": "2024-06-21", "close": 340.339996, "volume": 287683, "typical_volume": 287044.95, "trend": 328.716861, "fair_value": 248.931108, "relative_strength": -6.421962, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.86194, "energy": 31.533717, "activity_lines": [ 336.98254, 331.141168, 324.365486, 325.352157 ] }, { "date": "2024-06-28", "close": 329.0383, "volume": 674143, "typical_volume": 305719.6, "trend": 328.734671, "fair_value": 249.889818, "relative_strength": -11.382972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.355311, "energy": 27.99318, "activity_lines": [ 335.664008, 331.432924, 325.066045, 325.372895 ] }, { "date": "2024-07-05", "close": 354.516724, "volume": 1254968, "typical_volume": 358878.8, "trend": 329.087456, "fair_value": 250.864786, "relative_strength": -5.782838, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.089909, "energy": 45.022354, "activity_lines": [ 342.669749, 335.96656, 328.161281, 327.036253 ] }, { "date": "2024-07-12", "close": 361.852905, "volume": 462517, "typical_volume": 362797.9, "trend": 329.707566, "fair_value": 251.874664, "relative_strength": -4.585517, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.933589, "energy": 45.692969, "activity_lines": [ 349.639134, 341.558171, 331.79599, 329.150153 ] }, { "date": "2024-07-19", "close": 347.725769, "volume": 457650, "typical_volume": 375327.4, "trend": 329.711921, "fair_value": 252.80094, "relative_strength": -8.354218, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.043814, "energy": 45.327765, "activity_lines": [ 349.867149, 343.919827, 333.954121, 330.312617 ] }, { "date": "2024-07-26", "close": 340.58783, "volume": 382964, "typical_volume": 382492.0, "trend": 329.536936, "fair_value": 253.755566, "relative_strength": -11.345069, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.246708, "energy": 44.384783, "activity_lines": [ 347.831513, 344.378517, 335.320456, 331.014289 ] }, { "date": "2024-08-02", "close": 347.08139, "volume": 336142, "typical_volume": 388656.45, "trend": 329.34892, "fair_value": 254.762101, "relative_strength": -9.354543, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.04609, "energy": 30.9285, "activity_lines": [ 347.943874, 345.689842, 337.237685, 332.146189 ] }, { "date": "2024-08-09", "close": 337.71286, "volume": 184370, "typical_volume": 389495.5, "trend": 328.749338, "fair_value": 255.757581, "relative_strength": -10.574909, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.547928, "energy": 19.080042, "activity_lines": [ 343.73052, 344.923778, 338.088647, 332.685798 ] }, { "date": "2024-08-16", "close": 334.193481, "volume": 154213, "typical_volume": 382127.95, "trend": 327.949438, "fair_value": 256.831828, "relative_strength": -12.059491, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.540471, "energy": 15.594108, "activity_lines": [ 339.464296, 343.146511, 338.447813, 333.037033 ] }, { "date": "2024-08-23", "close": 363.885223, "volume": 420935, "typical_volume": 392047.4, "trend": 329.306214, "fair_value": 258.125142, "relative_strength": -5.218428, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.053563, "energy": 27.308652, "activity_lines": [ 346.939282, 346.716371, 341.411668, 335.355471 ] }, { "date": "2024-08-30", "close": 348.221466, "volume": 158216, "typical_volume": 392384.25, "trend": 329.948815, "fair_value": 259.294152, "relative_strength": -10.52348, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.249906, "energy": 22.60664, "activity_lines": [ 348.115718, 347.17601, 342.645735, 336.57581 ] }, { "date": "2024-09-06", "close": 339.100769, "volume": 99457, "typical_volume": 386927.7, "trend": 330.507112, "fair_value": 260.401368, "relative_strength": -10.988617, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.524191, "energy": 19.192647, "activity_lines": [ 345.743013, 345.834042, 342.849844, 337.166258 ] }, { "date": "2024-09-13", "close": 358.58136, "volume": 330056, "typical_volume": 359969.7, "trend": 331.757078, "fair_value": 261.638905, "relative_strength": -7.241163, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.83561, "energy": 35.354167, "activity_lines": [ 350.39588, 347.851045, 344.759042, 338.9775 ] }, { "date": "2024-09-20", "close": 347.626617, "volume": 228584, "typical_volume": 350702.45, "trend": 332.20082, "fair_value": 262.81983, "relative_strength": -11.016512, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.093232, "energy": 23.455252, "activity_lines": [ 350.005932, 347.802375, 345.533322, 340.001341 ] }, { "date": "2024-09-27", "close": 341.033966, "volume": 113917, "typical_volume": 344548.3, "trend": 332.761708, "fair_value": 263.909192, "relative_strength": -13.327751, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.445319, "energy": 15.932442, "activity_lines": [ 346.522892, 346.8137, 345.574255, 340.571222 ] }, { "date": "2024-10-04", "close": 332.508118, "volume": 97325, "typical_volume": 342536.0, "trend": 332.965164, "fair_value": 264.918191, "relative_strength": -10.936998, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.197311, "energy": 5.619753, "activity_lines": [ 341.72132, 344.39654, 344.676574, 340.554861 ] }, { "date": "2024-10-11", "close": 334.044769, "volume": 106746, "typical_volume": 338311.1, "trend": 333.748793, "fair_value": 265.935831, "relative_strength": -9.779323, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.677817, "energy": 10.438527, "activity_lines": [ 338.479521, 342.405676, 343.877808, 340.624513 ] }, { "date": "2024-10-18", "close": 321.949951, "volume": 104410, "typical_volume": 337605.65, "trend": 334.319685, "fair_value": 266.939156, "relative_strength": -12.053463, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.094751, "energy": 24.784956, "activity_lines": [ 331.543182, 338.452783, 341.891276, 339.863297 ] }, { "date": "2024-10-25", "close": 296.66983, "volume": 242010, "typical_volume": 335133.15, "trend": 334.630567, "fair_value": 267.783756, "relative_strength": -16.069115, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.936816, "energy": 53.789508, "activity_lines": [ 318.622231, 330.190102, 337.474926, 337.434275 ] }, { "date": "2024-11-01", "close": 308.268951, "volume": 69485, "typical_volume": 308289.55, "trend": 334.442701, "fair_value": 268.716925, "relative_strength": -12.657241, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.054745, "energy": 58.571932, "activity_lines": [ 312.964772, 324.718601, 334.328483, 335.733525 ] }, { "date": "2024-11-08", "close": 299.346558, "volume": 90249, "typical_volume": 298417.85, "trend": 333.942775, "fair_value": 269.583523, "relative_strength": -14.15383, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.011486, "energy": 74.286653, "activity_lines": [ 306.517517, 318.636052, 330.52844, 333.469258 ] }, { "date": "2024-11-15", "close": 287.499573, "volume": 55656, "typical_volume": 267493.5, "trend": 333.274178, "fair_value": 270.403216, "relative_strength": -14.92246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.993712, "energy": 79.200769, "activity_lines": [ 298.332037, 311.28814, 325.795319, 330.472922 ] }, { "date": "2024-11-22", "close": 284.029755, "volume": 62851, "typical_volume": 207887.65, "trend": 331.430387, "fair_value": 271.2415, "relative_strength": -16.792054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.899553, "energy": 81.136554, "activity_lines": [ 292.092965, 304.247555, 320.929542, 327.295863 ] }, { "date": "2024-11-29", "close": 304.352997, "volume": 85393, "typical_volume": 189031.45, "trend": 330.726261, "fair_value": 272.240912, "relative_strength": -11.235485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.162239, "energy": 69.194293, "activity_lines": [ 295.156319, 302.25759, 318.334965, 325.548934 ] }, { "date": "2024-12-06", "close": 317.439178, "volume": 304512, "typical_volume": 181374.55, "trend": 330.826167, "fair_value": 273.309995, "relative_strength": -9.034281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.714599, "energy": 42.763764, "activity_lines": [ 302.069523, 303.433722, 317.2605, 324.691703 ] }, { "date": "2024-12-13", "close": 313.622375, "volume": 131935, "typical_volume": 168823.1, "trend": 330.528673, "fair_value": 274.392419, "relative_strength": -10.048428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.784612, "energy": 27.539004, "activity_lines": [ 307.099111, 304.344887, 315.966752, 323.581781 ] }, { "date": "2024-12-20", "close": 298.652557, "volume": 167501, "typical_volume": 160391.05, "trend": 329.600082, "fair_value": 275.409735, "relative_strength": -9.606912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.045184, "energy": 22.650871, "activity_lines": [ 306.187038, 302.877644, 313.375714, 321.525257 ] }, { "date": "2024-12-27", "close": 313.96936, "volume": 147915, "typical_volume": 158568.3, "trend": 329.489379, "fair_value": 276.518884, "relative_strength": -5.518375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.091717, "energy": 19.82048, "activity_lines": [ 309.637034, 304.838769, 312.474032, 320.516824 ] }, { "date": "2025-01-03", "close": 303.361603, "volume": 116043, "typical_volume": 156659.8, "trend": 328.555831, "fair_value": 277.488349, "relative_strength": -8.985586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.887095, "energy": 19.819644, "activity_lines": [ 307.555137, 305.016313, 310.675152, 318.831161 ] }, { "date": "2025-01-10", "close": 287.103027, "volume": 124856, "typical_volume": 141855.85, "trend": 326.477242, "fair_value": 278.344216, "relative_strength": -11.265406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.582372, "energy": 34.989272, "activity_lines": [ 300.119808, 302.116083, 307.474655, 316.156786 ] }, { "date": "2025-01-17", "close": 292.456451, "volume": 82074, "typical_volume": 138048.75, "trend": 324.881124, "fair_value": 279.232585, "relative_strength": -8.215077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.690968, "energy": 34.484704, "activity_lines": [ 296.491363, 300.574038, 305.149637, 313.961897 ] }, { "date": "2025-01-24", "close": 293.299133, "volume": 126336, "typical_volume": 139392.7, "trend": 323.689818, "fair_value": 280.2053, "relative_strength": -7.191764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.944677, "energy": 42.608051, "activity_lines": [ 294.554874, 299.310483, 303.170422, 311.924349 ] }, { "date": "2025-01-31", "close": 290.325012, "volume": 104993, "typical_volume": 128139.55, "trend": 321.550094, "fair_value": 281.174981, "relative_strength": -9.415353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.591212, "energy": 46.77684, "activity_lines": [ 291.983907, 297.400732, 301.126061, 309.771781 ] }, { "date": "2025-02-07", "close": 279.717255, "volume": 46141, "typical_volume": 119017.4, "trend": 318.812239, "fair_value": 282.097232, "relative_strength": -12.555128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.760017, "energy": 50.13747, "activity_lines": [ 287.45331, 293.447838, 298.396467, 307.072888 ] }, { "date": "2025-02-14", "close": 281.353027, "volume": 132470, "typical_volume": 119945.05, "trend": 316.599815, "fair_value": 283.023919, "relative_strength": -9.32938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.466787, "energy": 43.945953, "activity_lines": [ 285.044261, 290.24028, 296.146039, 304.656164 ] }, { "date": "2025-02-21", "close": 298.751709, "volume": 139804, "typical_volume": 122069.0, "trend": 315.205277, "fair_value": 284.096315, "relative_strength": -2.89076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.909434, "energy": 31.702048, "activity_lines": [ 288.818105, 290.852231, 295.836823, 303.504674 ] }, { "date": "2025-02-28", "close": 271.736664, "volume": 66572, "typical_volume": 120060.3, "trend": 312.693786, "fair_value": 284.964685, "relative_strength": -8.70211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.460318, "energy": 38.012837, "activity_lines": [ 283.167251, 286.822731, 293.115491, 300.700247 ] }, { "date": "2025-03-07", "close": 282.542694, "volume": 95514, "typical_volume": 119615.5, "trend": 310.854781, "fair_value": 285.812795, "relative_strength": -6.607501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.331776, "energy": 31.665499, "activity_lines": [ 282.555904, 285.247344, 291.720009, 298.755015 ] }, { "date": "2025-03-14", "close": 264.350891, "volume": 125845, "typical_volume": 113807.25, "trend": 308.526695, "fair_value": 286.390636, "relative_strength": -11.724049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.55067, "energy": 39.594272, "activity_lines": [ 276.399445, 280.93575, 288.779629, 295.754764 ] }, { "date": "2025-03-21", "close": 271.141846, "volume": 112698, "typical_volume": 115967.9, "trend": 305.435249, "fair_value": 287.048002, "relative_strength": -12.8789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.179912, "energy": 51.510866, "activity_lines": [ 273.531061, 278.568161, 286.639906, 293.342839 ] }, { "date": "2025-03-28", "close": 257.8078, "volume": 148345, "typical_volume": 118872.7, "trend": 302.42146, "fair_value": 287.616869, "relative_strength": -17.531271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.123967, "energy": 58.338286, "activity_lines": [ 266.898741, 274.066403, 283.407069, 290.2701 ] }, { "date": "2025-04-04", "close": 262.962982, "volume": 71312, "typical_volume": 119655.5, "trend": 299.883534, "fair_value": 288.195795, "relative_strength": -13.315179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.989625, "energy": 58.891146, "activity_lines": [ 264.714408, 271.131926, 280.863006, 287.724392 ] }, { "date": "2025-04-11", "close": 261.37677, "volume": 57665, "typical_volume": 119396.2, "trend": 296.643381, "fair_value": 288.645984, "relative_strength": -13.235483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.117242, "energy": 53.713791, "activity_lines": [ 262.586251, 268.460614, 278.284716, 285.240084 ] }, { "date": "2025-04-18", "close": 269.30777, "volume": 40902, "typical_volume": 117171.65, "trend": 294.032752, "fair_value": 289.091662, "relative_strength": -14.112458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.085683, "energy": 42.475469, "activity_lines": [ 264.512821, 267.757633, 276.569631, 283.476497 ] }, { "date": "2025-04-25", "close": 265.094421, "volume": 64199, "typical_volume": 105156.0, "trend": 291.501434, "fair_value": 289.56659, "relative_strength": -15.60913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.821484, "energy": 35.534751, "activity_lines": [ 264.704484, 266.477852, 274.620156, 281.609507 ] }, { "date": "2025-05-02", "close": 266.284088, "volume": 60597, "typical_volume": 101589.1, "trend": 289.293967, "fair_value": 290.067594, "relative_strength": -15.861693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.540278, "energy": 31.091902, "activity_lines": [ 265.695864, 265.709986, 273.033244, 279.982582 ] }, { "date": "2025-05-09", "close": 261.327209, "volume": 47043, "typical_volume": 95566.2, "trend": 286.870048, "fair_value": 290.647831, "relative_strength": -15.843196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.909594, "energy": 30.147807, "activity_lines": [ 264.469865, 264.631189, 271.199668, 278.178275 ] }, { "date": "2025-05-16", "close": 276.792694, "volume": 127191, "typical_volume": 94530.0, "trend": 285.364806, "fair_value": 291.19926, "relative_strength": -14.046483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.864307, "energy": 20.874992, "activity_lines": [ 268.508079, 266.553561, 271.016736, 277.528123 ] }, { "date": "2025-05-23", "close": 288.04483, "volume": 164967, "typical_volume": 96976.2, "trend": 285.077306, "fair_value": 291.920516, "relative_strength": -9.596913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.429498, "energy": 11.615718, "activity_lines": [ 275.269277, 270.626321, 272.082467, 277.701028 ] }, { "date": "2025-05-30", "close": 285.268982, "volume": 140489, "typical_volume": 97757.85, "trend": 284.31064, "fair_value": 292.611274, "relative_strength": -9.751372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.922832, "energy": 12.478448, "activity_lines": [ 279.856055, 273.763583, 272.956769, 277.713394 ] }, { "date": "2025-06-06", "close": 282.149994, "volume": 110619, "typical_volume": 99185.1, "trend": 283.737422, "fair_value": 293.324385, "relative_strength": -11.24566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.147994, "energy": 18.040227, "activity_lines": [ 282.058199, 276.0769, 273.542757, 277.573998 ] }, { "date": "2025-06-13", "close": 283.399994, "volume": 61915, "typical_volume": 95964.05, "trend": 283.600769, "fair_value": 294.106607, "relative_strength": -9.356686, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.459127, "energy": 21.633145, "activity_lines": [ 283.619283, 278.174903, 274.296872, 277.552228 ] }, { "date": "2025-06-20", "close": 306.450012, "volume": 239371, "typical_volume": 102682.95, "trend": 284.348111, "fair_value": 294.968227, "relative_strength": -3.18593, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.163463, "energy": 47.104782, "activity_lines": [ 291.392187, 284.092237, 277.293366, 279.026373 ] }, { "date": "2025-06-27", "close": 300.5, "volume": 210933, "typical_volume": 110922.55, "trend": 284.219678, "fair_value": 295.696126, "relative_strength": -6.729002, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.791356, "energy": 47.570055, "activity_lines": [ 295.2046, 288.108237, 279.646405, 280.06843 ] }, { "date": "2025-07-04", "close": 305.600006, "volume": 215233, "typical_volume": 115060.7, "trend": 283.825039, "fair_value": 296.470934, "relative_strength": -4.10992, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.185407, "energy": 55.247102, "activity_lines": [ 299.88667, 292.48438, 282.386195, 281.447806 ] }, { "date": "2025-07-11", "close": 295.200012, "volume": 183496, "typical_volume": 117245.3, "trend": 283.21096, "fair_value": 297.165371, "relative_strength": -5.788576, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.825129, "energy": 47.189216, "activity_lines": [ 299.746673, 294.233149, 284.020046, 282.181675 ] }, { "date": "2025-07-18", "close": 295.450012, "volume": 115491, "typical_volume": 119691.25, "trend": 283.104208, "fair_value": 297.739478, "relative_strength": -4.678969, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.83153, "energy": 29.215839, "activity_lines": [ 298.820009, 295.501629, 285.694621, 282.971292 ] }, { "date": "2025-07-25", "close": 285.100006, "volume": 126564, "typical_volume": 121243.75, "trend": 282.141896, "fair_value": 298.255204, "relative_strength": -7.210253, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 40.950586, "energy": 24.438225, "activity_lines": [ 293.640008, 294.267875, 286.270559, 283.100053 ] }, { "date": "2025-08-01", "close": 266.200012, "volume": 78998, "typical_volume": 118901.4, "trend": 280.903177, "fair_value": 298.486487, "relative_strength": -11.964774, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 11.343906, "energy": 13.055208, "activity_lines": [ 283.583343, 289.446716, 285.034321, 282.071544 ] }, { "date": "2025-08-08", "close": 263.299988, "volume": 62820, "typical_volume": 116407.5, "trend": 280.109742, "fair_value": 298.67222, "relative_strength": -11.781075, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.986719, "energy": 21.909163, "activity_lines": [ 274.846669, 284.495459, 283.513084, 280.935855 ] }, { "date": "2025-08-15", "close": 266.0, "volume": 47476, "typical_volume": 111364.05, "trend": 279.22786, "fair_value": 298.850445, "relative_strength": -11.454384, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.065314, "energy": 29.919618, "activity_lines": [ 269.830001, 280.434549, 282.286334, 280.025549 ] }, { "date": "2025-08-22", "close": 262.950012, "volume": 109420, "typical_volume": 113269.45, "trend": 278.216223, "fair_value": 298.819175, "relative_strength": -12.747949, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.962065, "energy": 46.071085, "activity_lines": [ 265.743337, 276.112732, 280.730098, 278.975365 ] }, { "date": "2025-08-29", "close": 265.549988, "volume": 441712, "typical_volume": 132471.8, "trend": 277.390389, "fair_value": 298.673143, "relative_strength": -9.867555, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.533757, "energy": 45.276386, "activity_lines": [ 264.689998, 272.635456, 279.421541, 278.158188 ] }, { "date": "2025-09-05", "close": 266.700012, "volume": 50343, "typical_volume": 132943.85, "trend": 276.956481, "fair_value": 298.602495, "relative_strength": -10.216499, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.968654, "energy": 34.587865, "activity_lines": [ 265.323336, 270.110912, 278.202637, 277.468487 ] }, { "date": "2025-09-12", "close": 268.299988, "volume": 65128, "typical_volume": 132990.3, "trend": 276.52138, "fair_value": 298.59633, "relative_strength": -10.523731, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.904074, "energy": 20.634879, "activity_lines": [ 266.456665, 268.491819, 277.14853, 276.910003 ] }, { "date": "2025-09-19", "close": 262.299988, "volume": 86310, "typical_volume": 134275.95, "trend": 275.306322, "fair_value": 298.55109, "relative_strength": -12.822148, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.85154, "energy": 25.16477, "activity_lines": [ 265.256661, 266.459998, 275.507729, 275.992494 ] }, { "date": "2025-09-26", "close": 252.0, "volume": 70285, "typical_volume": 135438.05, "trend": 274.648433, "fair_value": 298.489761, "relative_strength": -13.568821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.719796, "energy": 45.948052, "activity_lines": [ 260.869995, 263.153634, 272.90495, 274.48886 ] }, { "date": "2025-10-03", "close": 263.600006, "volume": 118937, "typical_volume": 135025.35, "trend": 274.01701, "fair_value": 298.420074, "relative_strength": -10.064803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.556745, "energy": 40.871885, "activity_lines": [ 261.079999, 262.746362, 271.451348, 273.776059 ] }, { "date": "2025-10-10", "close": 256.850006, "volume": 55847, "typical_volume": 129569.35, "trend": 273.766981, "fair_value": 298.327644, "relative_strength": -13.266647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.051752, "energy": 53.517169, "activity_lines": [ 259.170001, 261.502727, 269.417711, 272.66851 ] }, { "date": "2025-10-17", "close": 251.699997, "volume": 41673, "typical_volume": 124628.55, "trend": 273.118919, "fair_value": 298.193929, "relative_strength": -15.972572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.982701, "energy": 59.000779, "activity_lines": [ 256.200001, 259.492727, 267.042144, 271.244834 ] }, { "date": "2025-10-24", "close": 254.5, "volume": 40211, "typical_volume": 121108.15, "trend": 273.008659, "fair_value": 297.847779, "relative_strength": -14.981621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.391776, "energy": 50.185228, "activity_lines": [ 255.270001, 258.202727, 265.093096, 270.043613 ] }, { "date": "2025-10-31", "close": 255.399994, "volume": 78226, "typical_volume": 121923.7, "trend": 272.75656, "fair_value": 297.560706, "relative_strength": -14.04632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.200243, "energy": 52.532699, "activity_lines": [ 255.159999, 257.285453, 263.361429, 268.90757 ] }, { "date": "2025-11-07", "close": 251.850006, "volume": 64402, "typical_volume": 113175.25, "trend": 272.439001, "fair_value": 297.29009, "relative_strength": -14.117168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.328043, "energy": 50.218071, "activity_lines": [ 253.64, 255.86, 261.425, 267.55876 ] }, { "date": "2025-11-14", "close": 256.75, "volume": 142321, "typical_volume": 109744.65, "trend": 272.020409, "fair_value": 297.159643, "relative_strength": -13.524248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.452974, "energy": 37.123951, "activity_lines": [ 254.536667, 255.574546, 260.215238, 266.546567 ] }, { "date": "2025-11-21", "close": 245.449997, "volume": 54341, "typical_volume": 101700.05, "trend": 271.365594, "fair_value": 296.92214, "relative_strength": -17.490276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.397966, "energy": 44.632433, "activity_lines": [ 251.673333, 253.415454, 258.137619, 264.832346 ] }, { "date": "2025-11-28", "close": 242.699997, "volume": 58826, "typical_volume": 95466.55, "trend": 270.579458, "fair_value": 296.716947, "relative_strength": -18.373581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.285557, "energy": 60.496474, "activity_lines": [ 248.309999, 251.171818, 256.084523, 262.982953 ] }, { "date": "2025-12-05", "close": 238.100006, "volume": 41782, "typical_volume": 91781.1, "trend": 269.805218, "fair_value": 296.510145, "relative_strength": -19.354843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.95024, "energy": 70.453199, "activity_lines": [ 244.200001, 248.448182, 253.843333, 260.887505 ] }, { "date": "2025-12-12", "close": 241.639999, "volume": 141623, "typical_volume": 92534.05, "trend": 268.633461, "fair_value": 296.303365, "relative_strength": -17.239652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.874214, "energy": 69.191041, "activity_lines": [ 242.423334, 246.620909, 252.212381, 259.070394 ] }, { "date": "2025-12-19", "close": 238.729996, "volume": 52081, "typical_volume": 91188.2, "trend": 266.989634, "fair_value": 296.327922, "relative_strength": -17.491835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.124327, "energy": 65.54561, "activity_lines": [ 240.357332, 244.663818, 250.511238, 257.141138 ] }, { "date": "2025-12-26", "close": 242.119995, "volume": 31950, "typical_volume": 89644.7, "trend": 265.551334, "fair_value": 296.165271, "relative_strength": -16.000543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.626672, "energy": 48.612586, "activity_lines": [ 240.622664, 243.652544, 249.263761, 255.536645 ] }, { "date": "2026-01-02", "close": 240.039993, "volume": 44290, "typical_volume": 89485.4, "trend": 264.147667, "fair_value": 295.957119, "relative_strength": -17.120626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.285063, "energy": 45.846061, "activity_lines": [ 240.416662, 242.43727, 247.919046, 253.890752 ] }, { "date": "2026-01-09", "close": 233.339996, "volume": 46255, "typical_volume": 86327.15, "trend": 262.479001, "fair_value": 295.771273, "relative_strength": -16.949978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.921271, "energy": 49.949216, "activity_lines": [ 238.154662, 240.266724, 246.059855, 251.90316 ] }, { "date": "2026-01-16", "close": 229.429993, "volume": 53579, "typical_volume": 66920.5, "trend": 259.911667, "fair_value": 295.474581, "relative_strength": -17.846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.322486, "energy": 51.530817, "activity_lines": [ 234.906661, 237.78636, 243.969283, 249.770966 ] }, { "date": "2026-01-23", "close": 221.600006, "volume": 53990, "typical_volume": 67102.85, "trend": 257.281667, "fair_value": 295.25208, "relative_strength": -18.045359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.92066, "energy": 67.378641, "activity_lines": [ 229.862665, 234.289998, 241.304998, 247.299246 ] }, { "date": "2026-01-30", "close": 226.300003, "volume": 47982, "typical_volume": 66245.55, "trend": 254.638334, "fair_value": 295.070737, "relative_strength": -16.699793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.13247, "energy": 63.503253, "activity_lines": [ 227.527334, 232.287271, 239.303094, 245.300429 ] }, { "date": "2026-02-06", "close": 237.880005, "volume": 62372, "typical_volume": 65048.65, "trend": 252.727667, "fair_value": 294.967606, "relative_strength": -13.302318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.729655, "energy": 46.307755, "activity_lines": [ 230.106669, 232.738182, 238.604047, 244.219247 ] }, { "date": "2026-02-13", "close": 267.899994, "volume": 275645, "typical_volume": 75316.65, "trend": 251.809333, "fair_value": 295.094288, "relative_strength": -1.196093, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -7.830383, "energy": 7.34371, "activity_lines": [ 242.836667, 238.734908, 240.880332, 245.198106 ] }, { "date": "2026-02-20", "close": 276.140015, "volume": 201496, "typical_volume": 79444.6, "trend": 251.510666, "fair_value": 295.331386, "relative_strength": 1.868521, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.341844, "energy": 35.032133, "activity_lines": [ 256.009339, 245.688002, 243.865667, 246.767828 ] }, { "date": "2026-02-27", "close": 271.859985, "volume": 73984, "typical_volume": 80351.45, "trend": 251.699332, "fair_value": 295.470892, "relative_strength": 2.128473, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.318066, "energy": 41.792207, "activity_lines": [ 264.641332, 251.235636, 246.383666, 248.080687 ] }, { "date": "2026-03-06", "close": 259.549988, "volume": 40300, "typical_volume": 80282.8, "trend": 251.574332, "fair_value": 295.527198, "relative_strength": 0.758555, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.059041, "energy": 39.09508, "activity_lines": [ 265.819328, 253.942725, 247.657807, 248.587181 ] }, { "date": "2026-03-13", "close": 243.550003, "volume": 136760, "typical_volume": 85110.25, "trend": 250.825999, "fair_value": 295.606242, "relative_strength": 0.088094, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.660077, "energy": 35.236689, "activity_lines": [ 259.44733, 253.423817, 247.37076, 248.069482 ] }, { "date": "2026-03-20", "close": 259.0, "volume": 127219, "typical_volume": 87559.9, "trend": 250.694332, "fair_value": 295.80148, "relative_strength": 6.685283, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.940817, "energy": 20.142982, "activity_lines": [ 257.847331, 255.65018, 248.607284, 248.596837 ] }, { "date": "2026-03-27", "close": 265.450012, "volume": 116937, "typical_volume": 90186.65, "trend": 250.690999, "fair_value": 296.058897, "relative_strength": 10.619252, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.120734, "energy": 17.058853, "activity_lines": [ 258.990669, 258.582728, 250.440952, 249.548817 ] }, { "date": "2026-04-03", "close": 254.660004, "volume": 56318, "typical_volume": 85886.5, "trend": 250.289666, "fair_value": 296.173621, "relative_strength": 6.672848, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.895531, "energy": 7.288549, "activity_lines": [ 257.250004, 258.898547, 251.182238, 249.804882 ] }, { "date": "2026-04-10", "close": 264.399567, "volume": 64778, "typical_volume": 86408.35, "trend": 250.159652, "fair_value": 296.245696, "relative_strength": 4.680779, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.05436, "energy": 24.286063, "activity_lines": [ 259.902526, 260.384104, 252.861054, 250.715198 ] }, { "date": "2026-04-17", "close": 269.108246, "volume": 91521, "typical_volume": 88043.1, "trend": 250.386594, "fair_value": 296.393909, "relative_strength": 5.266077, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.304815, "energy": 33.845345, "activity_lines": [ 263.801302, 262.033066, 254.89808, 251.937688 ] }, { "date": "2026-04-24", "close": 264.736633, "volume": 101067, "typical_volume": 91007.35, "trend": 250.811148, "fair_value": 296.371029, "relative_strength": 5.520571, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.234219, "energy": 30.606941, "activity_lines": [ 264.538991, 262.319403, 256.393008, 252.863497 ] }, { "date": "2026-05-01", "close": 265.75766, "volume": 61171, "typical_volume": 86984.75, "trend": 250.88307, "fair_value": 296.336005, "relative_strength": 5.461385, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.972592, "energy": 33.938174, "activity_lines": [ 265.234581, 262.848896, 257.858335, 253.827788 ] }, { "date": "2026-05-08", "close": 262.74411, "volume": 70966, "typical_volume": 87929.0, "trend": 251.07954, "fair_value": 296.27523, "relative_strength": 3.498496, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.858214, "energy": 28.937609, "activity_lines": [ 264.905143, 263.019242, 258.921812, 254.593016 ] }, { "date": "2026-05-15", "close": 229.73381, "volume": 234920, "typical_volume": 98077.5, "trend": 250.347334, "fair_value": 296.0678, "relative_strength": -7.237268, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.872253, "energy": 8.842222, "activity_lines": [ 253.033332, 257.353458, 256.727097, 253.215872 ] }, { "date": "2026-05-22", "close": 230.477295, "volume": 122232, "typical_volume": 101974.6, "trend": 249.546577, "fair_value": 295.859314, "relative_strength": -6.914371, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.850959, "energy": 22.990752, "activity_lines": [ 243.7204, 252.364965, 254.662173, 251.933934 ] }, { "date": "2026-05-29", "close": 231.815552, "volume": 57901, "typical_volume": 102556.9, "trend": 248.760429, "fair_value": 295.625401, "relative_strength": -5.398783, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.166933, "energy": 38.22437, "activity_lines": [ 237.42895, 247.857477, 252.770238, 250.789997 ] }, { "date": "2026-06-05", "close": 229.148956, "volume": 29286, "typical_volume": 101342.25, "trend": 248.003727, "fair_value": 295.424191, "relative_strength": -5.504334, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.751674, "energy": 49.436882, "activity_lines": [ 232.443374, 243.359417, 250.631601, 249.524741 ] }, { "date": "2026-06-12", "close": 227.809998, "volume": 7611, "typical_volume": 99023.3, "trend": 247.03906, "fair_value": 295.136151, "relative_strength": -6.760645, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.656709, "energy": 55.05323, "activity_lines": [ 229.452058, 239.277929, 248.366783, 248.22192 ] }, { "date": "2026-06-19", "close": 225.759995, "volume": 47803, "typical_volume": 99014.35, "trend": 246.382727, "fair_value": 294.876284, "relative_strength": -8.625154, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.610581, "energy": 57.377355, "activity_lines": [ 228.106349, 235.311894, 245.877155, 246.849077 ] }, { "date": "2026-06-26", "close": 223.360001, "volume": 0, "typical_volume": 95895.75, "trend": 245.738061, "fair_value": 294.548451, "relative_strength": -9.345005, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.632472, "energy": 68.03383, "activity_lines": [ 226.225563, 231.612035, 243.161527, 245.36374 ] }, { "date": "2026-07-03", "close": 231.479996, "volume": 21524, "typical_volume": 83189.7, "trend": 245.517394, "fair_value": 294.260149, "relative_strength": -6.447972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.806192, "energy": 58.709101, "activity_lines": [ 227.525928, 230.220325, 241.288375, 244.443864 ] }, { "date": "2026-07-10", "close": 224.550003, "volume": 445160, "typical_volume": 95372.9, "trend": 244.947727, "fair_value": 293.903011, "relative_strength": -8.584525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.890804, "energy": 55.599016, "activity_lines": [ 226.538666, 228.173283, 238.928652, 243.09113 ] }, { "date": "2026-07-17", "close": 222.339996, "volume": 205706, "typical_volume": 101959.0, "trend": 244.401394, "fair_value": 293.463162, "relative_strength": -9.495694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.335908, "energy": 54.649607, "activity_lines": [ 225.121332, 226.473651, 236.60412, 241.632566 ] }, { "date": "2026-07-24", "close": 230.229996, "volume": 695106, "typical_volume": 134699.3, "trend": 244.00506, "fair_value": 293.224437, "relative_strength": -3.720257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.767342, "energy": 38.132463, "activity_lines": [ 226.698664, 226.943185, 235.266825, 240.718283 ] }, { "date": "2026-07-31", "close": 243.110001, "volume": 4275568, "typical_volume": 341639.7, "trend": 244.107394, "fair_value": 293.168121, "relative_strength": -0.738641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.529269, "energy": 21.117427, "activity_lines": [ 232.271332, 229.745516, 235.295816, 240.660537 ] }, { "date": "2026-08-07", "close": 229.210007, "volume": 505623, "typical_volume": 360559.9, "trend": 243.969728, "fair_value": 292.9576, "relative_strength": -6.862765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.233808, "energy": 19.194256, "activity_lines": [ 231.894001, 229.79089, 234.003094, 239.699415 ] } ], "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." } } }