{ "ticker": { "uuid": "2f3edc2c-4010-4cc1-a1c5-d1ef8c5c078e", "symbol": "GSLSU", "name": "Global Surfaces 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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -72.369, "architecture_energy": 89.035, "architecture_maturity": 78.0, "architecture_confidence": 84.181, "architecture_tenure": "Extended", "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": 0.17, "rotation_up": 8.8, "upward_expansion": 21.48, "deceleration": 37.23, "rotation_down": 84.37, "downward_expansion": 99.48 }, "activity_lines": [ 28.576001, 33.657455, 41.871524, 48.100667 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 28.040001, "trend_reference": 58.069, "distance_from_trend": -0.517126, "trend_direction": "Weakening", "fair_value": 149.403077, "distance_from_fair_value": -0.81232, "fair_value_direction": "Weakening", "relative_strength": -64.16925, "relative_strength_direction": "Weakening", "price_momentum": -0.68223, "excess_performance": -0.638521, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.517126, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.308941, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.81232, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.177746, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.641692, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.261672, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.68223, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.235661, "read": "Supply-led" } ], "volume": { "latest": 155733, "relative_activity": 0.406657, "balance": 0.235661, "dry_up": 2.531355, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.189564, "annualized_volatility": 0.69729, "from_high_reference": -0.799241, "from_low_reference": 0.215958 }, "levels": { "trend_reference": 58.069, "fair_value_reference": 149.403077, "structural_low": 23.059999, "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": 17, "median_return": -0.03336, "positive_rate": 0.470588, "directional_follow_through": 0.529412, "median_excess_return": -0.026231, "regime_survival": 0.882353, "best_return": 0.232485, "worst_return": -0.319121, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.217272, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.212132, "regime_survival": 0.666667, "best_return": 0.162177, "worst_return": -0.530034, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.416891, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.391114, "regime_survival": 1.0, "best_return": -0.045895, "worst_return": -0.458159, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.443653, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.501986, "regime_survival": 1.0, "best_return": -0.443653, "worst_return": -0.443653, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-10-25", "tenure": "Developing", "return": -0.167586, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2025-05-23", "tenure": "Extended", "return": -0.34009, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-09-19", "tenure": "Established", "return": -0.213464, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": 0.154183, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-07", "end": "2025-12-19", "tenure": "Developing", "return": -0.172742, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.134458, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-08-07", "tenure": "Extended", "return": -0.651936, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 182.699997, "volume": 3553476, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 180.0, "volume": 1571126, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 179.850006, "volume": 1197199, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 173.149994, "volume": 2333745, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 173.75, "volume": 3264369, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 171.949997, "volume": 1000258, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 181.0, "volume": 3295700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 205.100006, "volume": 3768799, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 222.600006, "volume": 5805658, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 221.199997, "volume": 3073472, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 208.949997, "volume": 2337003, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 208.100006, "volume": 1171047, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 204.050003, "volume": 890750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 206.25, "volume": 421173, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 209.050003, "volume": 1771624, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 201.75, "volume": 907685, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 203.600006, "volume": 7415870, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 191.550003, "volume": 1893421, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 182.0, "volume": 1956226, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 179.949997, "volume": 1693791, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 197.149994, "volume": 5921151, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 236.300003, "volume": 8579710, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 293.950012, "volume": 11290127, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 293.25, "volume": 1633495, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 295.700012, "volume": 1891129, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 306.200012, "volume": 3415132, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 289.75, "volume": 1421399, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 283.25, "volume": 756954, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 308.850006, "volume": 3676418, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 264.0, "volume": 1808071, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 234.5, "volume": 1837749, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 222.149994, "volume": 368266, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 230.75, "volume": 1053586, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 246.050003, "volume": 434520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 231.699997, "volume": 323118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 215.350006, "volume": 410326, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 206.300003, "volume": 825173, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 219.050003, "volume": 3288391, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 209.800003, "volume": 340907, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 210.300003, "volume": 343091, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 215.899994, "volume": 1235568, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 212.350006, "volume": 310547, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 211.350006, "volume": 763423, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 221.860001, "volume": 622232, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 222.190002, "volume": 377364, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 213.100006, "volume": 358377, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 213.419998, "volume": 1883049, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 226.419998, "volume": 2110912, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 214.990005, "volume": 532792, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 212.330002, "volume": 947676, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 204.470001, "volume": 1031138, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 188.580002, "volume": 990678, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 169.539993, "volume": 930689, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 178.979996, "volume": 1486587, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 192.669998, "volume": 3451372, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 231.75, "volume": 8082273, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 233.779999, "volume": 2341944, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 216.610001, "volume": 2864879, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 215.770004, "volume": 2345399, "typical_volume": 1650499.5, "trend": 216.200334, "fair_value": 212.594501, "relative_strength": -17.85474, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 11.502984, "energy": 22.291423, "activity_lines": [ 220.186668, 209.377636, 209.115715, 211.071183 ] }, { "date": "2024-10-04", "close": 200.369995, "volume": 886350, "typical_volume": 1677662.45, "trend": 214.079334, "fair_value": 212.443581, "relative_strength": -19.794049, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -0.76979, "energy": 9.651285, "activity_lines": [ 214.271333, 208.636181, 208.168285, 210.049871 ] }, { "date": "2024-10-11", "close": 191.589996, "volume": 799982, "typical_volume": 1655883.15, "trend": 212.649, "fair_value": 212.189269, "relative_strength": -22.618129, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -42.397915, "energy": 19.762585, "activity_lines": [ 204.915998, 206.515817, 206.431952, 208.598946 ] }, { "date": "2024-10-18", "close": 195.770004, "volume": 1149190, "typical_volume": 1697815.3, "trend": 211.769668, "fair_value": 211.991447, "relative_strength": -20.045637, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -40.374226, "energy": 25.394411, "activity_lines": [ 199.631333, 205.389636, 205.209476, 207.509979 ] }, { "date": "2024-10-25", "close": 179.610001, "volume": 1025378, "typical_volume": 1710913.05, "trend": 210.065001, "fair_value": 211.605954, "relative_strength": -24.078201, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -64.477468, "energy": 47.323868, "activity_lines": [ 191.494, 201.194545, 202.526904, 205.435162 ] }, { "date": "2024-11-01", "close": 189.449997, "volume": 432102, "typical_volume": 1701406.55, "trend": 208.178334, "fair_value": 211.345295, "relative_strength": -19.849083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.737568, "energy": 50.892099, "activity_lines": [ 189.103333, 198.605454, 200.932618, 204.105161 ] }, { "date": "2024-11-08", "close": 187.5, "volume": 589848, "typical_volume": 1712030.75, "trend": 206.705001, "fair_value": 211.068024, "relative_strength": -19.726232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.076582, "energy": 51.667498, "activity_lines": [ 187.817333, 195.471454, 199.306952, 202.771075 ] }, { "date": "2024-11-15", "close": 177.889999, "volume": 439579, "typical_volume": 1716090.85, "trend": 205.456334, "fair_value": 210.686668, "relative_strength": -21.396399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.99775, "energy": 54.711649, "activity_lines": [ 184.185999, 190.684181, 196.931237, 200.912043 ] }, { "date": "2024-11-22", "close": 175.130005, "volume": 228877, "typical_volume": 1633382.25, "trend": 204.417334, "fair_value": 210.282615, "relative_strength": -23.332272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.023616, "energy": 50.485541, "activity_lines": [ 180.548001, 186.374364, 194.460333, 198.955505 ] }, { "date": "2024-11-29", "close": 183.130005, "volume": 347511, "typical_volume": 1545212.2, "trend": 203.220001, "fair_value": 209.977529, "relative_strength": -20.193839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.197351, "energy": 46.168006, "activity_lines": [ 180.952669, 184.585456, 192.933667, 197.582129 ] }, { "date": "2024-12-06", "close": 184.080002, "volume": 497610, "typical_volume": 1543453.1, "trend": 202.362667, "fair_value": 209.689779, "relative_strength": -21.198429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.435979, "energy": 47.672171, "activity_lines": [ 181.439336, 183.578002, 191.70362, 196.347291 ] }, { "date": "2024-12-13", "close": 178.509995, "volume": 274062, "typical_volume": 1509772.4, "trend": 201.303, "fair_value": 209.347144, "relative_strength": -23.595076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.67412, "energy": 43.999676, "activity_lines": [ 180.427334, 182.134001, 190.090286, 194.808409 ] }, { "date": "2024-12-20", "close": 170.539993, "volume": 233741, "typical_volume": 1469902.55, "trend": 199.791, "fair_value": 208.925327, "relative_strength": -23.149409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.107707, "energy": 50.525607, "activity_lines": [ 177.357998, 179.638363, 187.878952, 192.823699 ] }, { "date": "2024-12-27", "close": 169.720001, "volume": 705149, "typical_volume": 1455626.1, "trend": 198.37, "fair_value": 208.503764, "relative_strength": -24.06539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.263843, "energy": 60.718383, "activity_lines": [ 174.505331, 177.376363, 185.751095, 190.883634 ] }, { "date": "2025-01-03", "close": 164.75, "volume": 388412, "typical_volume": 1428512.25, "trend": 196.816667, "fair_value": 208.038299, "relative_strength": -26.542846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.847768, "energy": 71.844029, "activity_lines": [ 170.356665, 174.684363, 183.239714, 188.714602 ] }, { "date": "2025-01-10", "close": 151.839996, "volume": 1435868, "typical_volume": 1425976.3, "trend": 194.482666, "fair_value": 207.446738, "relative_strength": -30.02159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.908555, "energy": 83.089996, "activity_lines": [ 163.129998, 169.915271, 179.521618, 185.812881 ] }, { "date": "2025-01-17", "close": 154.699997, "volume": 1633296, "typical_volume": 1335072.5, "trend": 192.233, "fair_value": 206.897293, "relative_strength": -26.951092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.899439, "energy": 79.805116, "activity_lines": [ 159.005998, 166.349998, 176.205142, 183.246257 ] }, { "date": "2025-01-24", "close": 140.990005, "volume": 737967, "typical_volume": 967857.2, "trend": 189.829333, "fair_value": 206.217836, "relative_strength": -32.012152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.317465, "energy": 87.684258, "activity_lines": [ 151.899333, 160.888363, 171.763762, 179.940258 ] }, { "date": "2025-01-31", "close": 133.800003, "volume": 636968, "typical_volume": 882608.4, "trend": 187.175333, "fair_value": 205.478879, "relative_strength": -35.53948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.993472, "energy": 91.95223, "activity_lines": [ 144.366001, 154.790364, 167.069809, 176.325462 ] }, { "date": "2025-02-07", "close": 134.830002, "volume": 468418, "typical_volume": 762785.35, "trend": 184.122333, "fair_value": 204.765254, "relative_strength": -33.987112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.139407, "energy": 88.893342, "activity_lines": [ 139.570668, 149.631091, 162.950048, 172.948344 ] }, { "date": "2025-02-14", "close": 117.059998, "volume": 656616, "typical_volume": 678346.2, "trend": 180.858, "fair_value": 203.888201, "relative_strength": -40.041393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.984554, "energy": 94.292725, "activity_lines": [ 130.846668, 142.119091, 157.527333, 168.621742 ] }, { "date": "2025-02-21", "close": 107.82, "volume": 620217, "typical_volume": 665039.55, "trend": 177.374333, "fair_value": 202.937031, "relative_strength": -43.426102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.196466, "energy": 93.977452, "activity_lines": [ 121.361334, 134.145637, 151.694667, 163.909613 ] }, { "date": "2025-02-28", "close": 113.32, "volume": 966959, "typical_volume": 673388.4, "trend": 174.336, "fair_value": 202.058432, "relative_strength": -37.484763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.779408, "energy": 86.337319, "activity_lines": [ 116.834667, 128.457455, 146.826524, 159.777075 ] }, { "date": "2025-03-07", "close": 111.279999, "volume": 982844, "typical_volume": 665071.1, "trend": 171.759333, "fair_value": 201.177088, "relative_strength": -38.797472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.399806, "energy": 76.274692, "activity_lines": [ 113.472666, 123.438727, 142.136809, 155.708946 ] }, { "date": "2025-03-14", "close": 103.870003, "volume": 1239441, "typical_volume": 675774.25, "trend": 169.570333, "fair_value": 200.241443, "relative_strength": -41.640106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.855308, "energy": 70.243863, "activity_lines": [ 109.142001, 118.135273, 137.143714, 151.328989 ] }, { "date": "2025-03-21", "close": 110.790001, "volume": 1987733, "typical_volume": 753555.8, "trend": 167.297333, "fair_value": 199.389525, "relative_strength": -39.516071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.555921, "energy": 64.505837, "activity_lines": [ 109.182001, 115.19691, 133.170334, 147.53671 ] }, { "date": "2025-03-28", "close": 107.809998, "volume": 2489546, "typical_volume": 848540.7, "trend": 164.468667, "fair_value": 198.525567, "relative_strength": -40.730103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.448789, "energy": 60.210497, "activity_lines": [ 108.646667, 112.463091, 129.287714, 143.698817 ] }, { "date": "2025-04-04", "close": 107.730003, "volume": 366020, "typical_volume": 844862.75, "trend": 160.334667, "fair_value": 197.67701, "relative_strength": -38.227857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.813164, "energy": 56.534574, "activity_lines": [ 108.085334, 110.567273, 125.776953, 140.038258 ] }, { "date": "2025-04-11", "close": 117.260002, "volume": 784346, "typical_volume": 872636.2, "trend": 156.450667, "fair_value": 196.932408, "relative_strength": -31.6504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.877766, "energy": 43.605574, "activity_lines": [ 111.073335, 111.00891, 123.507905, 137.259248 ] }, { "date": "2025-04-18", "close": 121.269997, "volume": 310731, "typical_volume": 870797.2, "trend": 153.272667, "fair_value": 196.238258, "relative_strength": -31.532251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.717122, "energy": 37.240558, "activity_lines": [ 114.999333, 112.480364, 121.896334, 134.989527 ] }, { "date": "2025-04-25", "close": 118.050003, "volume": 364211, "typical_volume": 864127.25, "trend": 150.015333, "fair_value": 195.527455, "relative_strength": -33.127528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.359531, "energy": 30.638344, "activity_lines": [ 116.692001, 113.61291, 120.272667, 132.717097 ] }, { "date": "2025-05-02", "close": 110.470001, "volume": 264961, "typical_volume": 863672.2, "trend": 147.018667, "fair_value": 194.761172, "relative_strength": -37.356926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.391145, "energy": 29.102909, "activity_lines": [ 115.374001, 113.349274, 118.241524, 130.165785 ] }, { "date": "2025-05-09", "close": 103.32, "volume": 265077, "typical_volume": 865239.0, "trend": 144.076334, "fair_value": 193.944733, "relative_strength": -39.75163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.771413, "energy": 38.997422, "activity_lines": [ 111.495334, 111.737455, 115.853429, 127.346517 ] }, { "date": "2025-05-16", "close": 124.800003, "volume": 924280, "typical_volume": 876195.55, "trend": 141.710667, "fair_value": 193.332833, "relative_strength": -29.337229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.99219, "energy": 26.011921, "activity_lines": [ 115.070668, 114.21291, 115.831144, 126.102882 ] }, { "date": "2025-05-23", "close": 125.019997, "volume": 906675, "typical_volume": 902108.7, "trend": 139.891, "fair_value": 192.733597, "relative_strength": -27.878571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.775044, "energy": 17.315015, "activity_lines": [ 118.216667, 116.482546, 116.043715, 125.026065 ] }, { "date": "2025-05-30", "close": 131.309998, "volume": 2218105, "typical_volume": 941220.55, "trend": 137.953, "fair_value": 192.199479, "relative_strength": -23.062556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.533319, "energy": 9.783406, "activity_lines": [ 123.209333, 119.511273, 117.044524, 124.472452 ] }, { "date": "2025-06-06", "close": 127.239998, "volume": 358950, "typical_volume": 877503.25, "trend": 135.944333, "fair_value": 191.639484, "relative_strength": -25.370166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.880707, "energy": 17.488815, "activity_lines": [ 125.961332, 121.426909, 117.755476, 123.78129 ] }, { "date": "2025-06-13", "close": 127.279999, "volume": 3808017, "typical_volume": 1031005.75, "trend": 134.257333, "fair_value": 191.089403, "relative_strength": -23.559452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.524532, "energy": 16.807672, "activity_lines": [ 127.608665, 122.996545, 118.601, 123.222301 ] }, { "date": "2025-06-20", "close": 121.389999, "volume": 740421, "typical_volume": 1036178.4, "trend": 132.466, "fair_value": 190.49873, "relative_strength": -27.280797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.107256, "energy": 13.091074, "activity_lines": [ 125.695332, 123.139817, 118.950857, 122.39215 ] }, { "date": "2025-06-27", "close": 116.800003, "volume": 1011778, "typical_volume": 1063346.4, "trend": 130.255, "fair_value": 189.879413, "relative_strength": -30.597072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.141826, "energy": 8.515881, "activity_lines": [ 122.479333, 122.373454, 118.922667, 121.381441 ] }, { "date": "2025-07-04", "close": 114.300003, "volume": 523873, "typical_volume": 1056709.25, "trend": 127.929, "fair_value": 189.249584, "relative_strength": -30.741553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.532439, "energy": 18.593973, "activity_lines": [ 118.978001, 121.233819, 118.742238, 120.352086 ] }, { "date": "2025-07-11", "close": 112.339996, "volume": 606499, "typical_volume": 1056023.35, "trend": 125.723333, "fair_value": 188.613968, "relative_strength": -30.096934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.097936, "energy": 27.181767, "activity_lines": [ 115.957333, 119.806, 118.388286, 119.346344 ] }, { "date": "2025-07-18", "close": 129.850006, "volume": 4300850, "typical_volume": 1222717.9, "trend": 124.367, "fair_value": 188.132296, "relative_strength": -17.731967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.943727, "energy": 9.155126, "activity_lines": [ 119.766669, 121.527819, 119.680429, 119.612581 ] }, { "date": "2025-07-25", "close": 116.629997, "volume": 1096894, "typical_volume": 1228420.4, "trend": 122.597334, "fair_value": 187.550976, "relative_strength": -24.835512, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.025325, "energy": 13.705281, "activity_lines": [ 118.998, 120.363637, 119.63481, 119.11342 ] }, { "date": "2025-08-01", "close": 110.309998, "volume": 363282, "typical_volume": 1184612.45, "trend": 120.782667, "fair_value": 186.928065, "relative_strength": -27.27583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.236527, "energy": 21.20124, "activity_lines": [ 116.439999, 118.198909, 118.961809, 118.320688 ] }, { "date": "2025-08-08", "close": 117.870003, "volume": 552793, "typical_volume": 1112865.45, "trend": 119.650334, "fair_value": 186.375601, "relative_strength": -20.93292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.017315, "energy": 13.763371, "activity_lines": [ 116.834667, 117.676182, 118.978143, 118.132774 ] }, { "date": "2025-08-15", "close": 122.690002, "volume": 409250, "typical_volume": 1008850.65, "trend": 118.583334, "fair_value": 185.87016, "relative_strength": -18.099032, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.23432, "energy": 4.805313, "activity_lines": [ 118.598001, 118.274183, 119.41981, 118.328882 ] }, { "date": "2025-08-22", "close": 114.699997, "volume": 358982, "typical_volume": 1008498.75, "trend": 117.707, "fair_value": 185.309765, "relative_strength": -23.539726, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.04547, "energy": 10.889417, "activity_lines": [ 117.008, 117.502182, 119.029667, 118.078344 ] }, { "date": "2025-08-29", "close": 108.010002, "volume": 202328, "typical_volume": 979397.85, "trend": 116.847334, "fair_value": 184.70586, "relative_strength": -25.934119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.215616, "energy": 19.711484, "activity_lines": [ 114.198001, 115.742546, 117.969191, 117.452731 ] }, { "date": "2025-09-05", "close": 105.040001, "volume": 570383, "typical_volume": 992380.45, "trend": 115.854334, "fair_value": 184.088295, "relative_strength": -27.702382, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -33.718354, "energy": 35.617425, "activity_lines": [ 110.972667, 113.686182, 116.669905, 116.690968 ] }, { "date": "2025-09-12", "close": 102.220001, "volume": 646869, "typical_volume": 1006513.35, "trend": 115.359667, "fair_value": 183.458539, "relative_strength": -29.499422, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -37.868648, "energy": 51.573465, "activity_lines": [ 107.158667, 111.33091, 115.179334, 115.811334 ] }, { "date": "2025-09-19", "close": 103.279999, "volume": 300338, "typical_volume": 1008282.2, "trend": 115.208334, "fair_value": 182.846489, "relative_strength": -28.336124, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.071588, "energy": 64.810432, "activity_lines": [ 104.741334, 109.388, 113.865096, 115.032 ] }, { "date": "2025-09-26", "close": 91.32, "volume": 386222, "typical_volume": 1014339.45, "trend": 114.475, "fair_value": 182.153107, "relative_strength": -33.893017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.855457, "energy": 77.515214, "activity_lines": [ 99.631334, 105.435273, 111.446048, 113.490817 ] }, { "date": "2025-10-03", "close": 97.059998, "volume": 2504417, "typical_volume": 1093346.3, "trend": 114.001, "fair_value": 181.513309, "relative_strength": -29.417955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.991272, "energy": 70.496291, "activity_lines": [ 97.993333, 103.226727, 109.63081, 112.367269 ] }, { "date": "2025-10-10", "close": 93.68, "volume": 552760, "typical_volume": 1075650.55, "trend": 113.661333, "fair_value": 180.857837, "relative_strength": -31.989704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.684826, "energy": 69.231545, "activity_lines": [ 95.958666, 100.759454, 107.625762, 111.056237 ] }, { "date": "2025-10-17", "close": 91.139999, "volume": 2356427, "typical_volume": 1082566.65, "trend": 113.006333, "fair_value": 180.19326, "relative_strength": -33.915625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.74391, "energy": 70.827685, "activity_lines": [ 93.834666, 98.132727, 105.528048, 109.603247 ] }, { "date": "2025-10-24", "close": 101.769997, "volume": 6135754, "typical_volume": 1371406.85, "trend": 112.805, "fair_value": 179.616618, "relative_strength": -25.522151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.882197, "energy": 43.412274, "activity_lines": [ 95.992665, 97.924726, 104.634, 108.878322 ] }, { "date": "2025-10-31", "close": 105.400002, "volume": 1364984, "typical_volume": 1249255.2, "trend": 112.727333, "fair_value": 179.074891, "relative_strength": -21.594187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.059025, "energy": 30.417127, "activity_lines": [ 99.461333, 98.75709, 104.206952, 108.400581 ] }, { "date": "2025-11-07", "close": 131.119995, "volume": 8462826, "typical_volume": 1635375.45, "trend": 113.189333, "fair_value": 178.727392, "relative_strength": -0.623687, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.708963, "energy": 12.861673, "activity_lines": [ 110.564665, 104.434908, 106.333618, 109.587204 ] }, { "date": "2025-11-14", "close": 133.460007, "volume": 2626441, "typical_volume": 1716108.6, "trend": 113.595667, "fair_value": 178.401727, "relative_strength": 0.417541, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.045943, "energy": 39.235706, "activity_lines": [ 120.177334, 110.118, 108.63681, 110.894989 ] }, { "date": "2025-11-21", "close": 125.43, "volume": 2324644, "typical_volume": 1806147.15, "trend": 113.841667, "fair_value": 178.023358, "relative_strength": -5.304304, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.502727, "energy": 38.202794, "activity_lines": [ 124.461334, 113.824364, 110.095905, 111.658495 ] }, { "date": "2025-11-28", "close": 128.210007, "volume": 1364446, "typical_volume": 1844044.5, "trend": 114.433, "fair_value": 177.670072, "relative_strength": -2.710731, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.549909, "energy": 53.315715, "activity_lines": [ 127.386003, 117.614183, 111.766763, 112.585484 ] }, { "date": "2025-12-05", "close": 114.980003, "volume": 1412972, "typical_volume": 1699650.6, "trend": 114.821667, "fair_value": 177.228592, "relative_strength": -11.658513, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.776994, "energy": 42.257206, "activity_lines": [ 124.138003, 118.545275, 112.102049, 112.620775 ] }, { "date": "2025-12-12", "close": 118.440002, "volume": 386290, "typical_volume": 1664120.4, "trend": 114.609667, "fair_value": 176.817483, "relative_strength": -7.561375, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.891349, "energy": 18.517982, "activity_lines": [ 121.40467, 119.675275, 112.837668, 112.854216 ] }, { "date": "2025-12-19", "close": 108.470001, "volume": 141117, "typical_volume": 1653012.15, "trend": 114.058, "fair_value": 176.342848, "relative_strength": -14.054312, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.937129, "energy": 4.026092, "activity_lines": [ 116.193336, 118.60382, 112.615144, 112.458108 ] }, { "date": "2025-12-26", "close": 106.129997, "volume": 47188, "typical_volume": 1627731.9, "trend": 113.218667, "fair_value": 175.858621, "relative_strength": -15.128691, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.585147, "energy": 13.727195, "activity_lines": [ 111.868001, 116.838001, 112.178525, 111.946624 ] }, { "date": "2026-01-02", "close": 100.889999, "volume": 177428, "typical_volume": 1616140.8, "trend": 112.340334, "fair_value": 175.345138, "relative_strength": -19.215525, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.322079, "energy": 21.350911, "activity_lines": [ 107.082666, 113.84691, 111.298763, 111.151226 ] }, { "date": "2026-01-09", "close": 95.019997, "volume": 211417, "typical_volume": 1608762.55, "trend": 111.265, "fair_value": 174.798708, "relative_strength": -21.115015, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.773014, "energy": 41.702369, "activity_lines": [ 102.161998, 109.804546, 109.963762, 110.033785 ] }, { "date": "2026-01-16", "close": 91.860001, "volume": 40488, "typical_volume": 1600670.55, "trend": 110.280667, "fair_value": 174.238312, "relative_strength": -22.792317, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.593242, "energy": 61.088292, "activity_lines": [ 97.518666, 105.376364, 108.421524, 108.78185 ] }, { "date": "2026-01-23", "close": 80.559998, "volume": 284925, "typical_volume": 1586397.65, "trend": 109.072667, "fair_value": 173.609598, "relative_strength": -29.700898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.430229, "energy": 78.420561, "activity_lines": [ 90.880665, 99.607454, 105.88, 106.864387 ] }, { "date": "2026-01-30", "close": 89.400002, "volume": 95358, "typical_volume": 1558822.1, "trend": 108.242667, "fair_value": 173.048201, "relative_strength": -22.117452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.899665, "energy": 72.166366, "activity_lines": [ 89.05, 96.407636, 104.296953, 105.595183 ] }, { "date": "2026-02-06", "close": 88.239998, "volume": 172678, "typical_volume": 1552439.1, "trend": 107.439334, "fair_value": 172.486557, "relative_strength": -23.501469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.395486, "energy": 73.74074, "activity_lines": [ 87.947999, 93.651999, 102.664476, 104.304688 ] }, { "date": "2026-02-13", "close": 83.449997, "volume": 130524, "typical_volume": 1539654.2, "trend": 105.892667, "fair_value": 171.90079, "relative_strength": -26.445564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.368518, "energy": 72.971859, "activity_lines": [ 86.092665, 90.752181, 100.647428, 102.756989 ] }, { "date": "2026-02-20", "close": 84.669998, "volume": 99741, "typical_volume": 1419420.4, "trend": 104.827333, "fair_value": 171.330654, "relative_strength": -25.2044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.736177, "energy": 62.001536, "activity_lines": [ 85.415332, 88.647453, 98.784047, 101.387785 ] }, { "date": "2026-02-27", "close": 82.800003, "volume": 135832, "typical_volume": 1398574.0, "trend": 103.910334, "fair_value": 170.75578, "relative_strength": -25.119444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.719872, "energy": 58.570365, "activity_lines": [ 84.594, 86.816727, 96.801571, 99.966667 ] }, { "date": "2026-03-06", "close": 74.650002, "volume": 87980, "typical_volume": 1285151.65, "trend": 102.469667, "fair_value": 170.135743, "relative_strength": -29.901872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.452987, "energy": 76.819279, "activity_lines": [ 80.906667, 83.970909, 94.094714, 98.078903 ] }, { "date": "2026-03-13", "close": 66.82, "volume": 187281, "typical_volume": 987728.0, "trend": 100.607333, "fair_value": 169.473462, "relative_strength": -33.216423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.503389, "energy": 90.805435, "activity_lines": [ 75.592667, 80.273818, 90.720667, 95.778925 ] }, { "date": "2026-03-20", "close": 57.650002, "volume": 331482, "typical_volume": 936052.9, "trend": 98.705667, "fair_value": 168.801347, "relative_strength": -41.706416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.377494, "energy": 95.800472, "activity_lines": [ 68.650001, 75.52891, 86.639714, 93.007484 ] }, { "date": "2026-03-27", "close": 48.439999, "volume": 671904, "typical_volume": 546506.8, "trend": 96.72, "fair_value": 168.050001, "relative_strength": -49.831277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.390024, "energy": 97.1157, "activity_lines": [ 60.357334, 69.788909, 81.909, 89.764538 ] }, { "date": "2026-04-03", "close": 48.709999, "volume": 228082, "typical_volume": 426588.85, "trend": 94.842333, "fair_value": 167.169296, "relative_strength": -48.718687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.806785, "energy": 94.382475, "activity_lines": [ 54.57, 64.887455, 77.597714, 86.667118 ] }, { "date": "2026-04-10", "close": 57.75, "volume": 205607, "typical_volume": 320637.0, "trend": 93.36, "fair_value": 166.352949, "relative_strength": -41.851177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.39808, "energy": 88.265388, "activity_lines": [ 54.068666, 62.208727, 74.550952, 84.274065 ] }, { "date": "2026-04-17", "close": 62.790001, "volume": 246853, "typical_volume": 264757.35, "trend": 92.010333, "fair_value": 165.375962, "relative_strength": -36.825549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.5167, "energy": 70.607037, "activity_lines": [ 56.374, 61.021818, 72.306476, 82.301807 ] }, { "date": "2026-04-24", "close": 59.599998, "volume": 119970, "typical_volume": 200107.25, "trend": 90.953, "fair_value": 164.308014, "relative_strength": -38.187975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.806761, "energy": 63.18016, "activity_lines": [ 57.884666, 59.717636, 70.069714, 80.210817 ] }, { "date": "2026-05-01", "close": 57.110001, "volume": 114884, "typical_volume": 186536.95, "trend": 89.621334, "fair_value": 163.283078, "relative_strength": -40.403353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.316987, "energy": 55.993326, "activity_lines": [ 58.435333, 58.394364, 67.859524, 78.027398 ] }, { "date": "2026-05-08", "close": 59.32, "volume": 305119, "typical_volume": 194737.05, "trend": 88.476, "fair_value": 162.330962, "relative_strength": -38.002099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.727356, "energy": 50.957295, "activity_lines": [ 59.144667, 57.974, 66.151857, 76.072473 ] }, { "date": "2026-05-15", "close": 56.279999, "volume": 283426, "typical_volume": 206548.95, "trend": 87.314, "fair_value": 161.375385, "relative_strength": -39.082303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.036071, "energy": 53.248081, "activity_lines": [ 58.133333, 57.427818, 64.388714, 73.995312 ] }, { "date": "2026-05-22", "close": 54.25, "volume": 152033, "typical_volume": 205279.2, "trend": 85.73, "fair_value": 160.473462, "relative_strength": -40.666197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.402123, "energy": 58.3205, "activity_lines": [ 56.543333, 56.846545, 62.669619, 71.86215 ] }, { "date": "2026-05-29", "close": 54.369999, "volume": 139604, "typical_volume": 201688.55, "trend": 84.029, "fair_value": 159.578398, "relative_strength": -39.192759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.684078, "energy": 58.062397, "activity_lines": [ 55.562666, 56.515636, 61.184047, 69.838925 ] }, { "date": "2026-06-05", "close": 52.049999, "volume": 43117, "typical_volume": 201820.0, "trend": 81.393334, "fair_value": 158.584488, "relative_strength": -40.47374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.264007, "energy": 62.098365, "activity_lines": [ 54.157333, 55.822545, 59.671095, 67.775763 ] }, { "date": "2026-06-12", "close": 48.889999, "volume": 68743, "typical_volume": 191010.9, "trend": 78.574333, "fair_value": 157.535706, "relative_strength": -43.804681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.025612, "energy": 66.237417, "activity_lines": [ 52.035999, 54.489272, 58.046762, 65.678774 ] }, { "date": "2026-06-19", "close": 46.82, "volume": 376096, "typical_volume": 205047.8, "trend": 75.954, "fair_value": 156.584872, "relative_strength": -46.248985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.777441, "energy": 81.115793, "activity_lines": [ 49.919999, 52.776363, 56.376095, 63.630107 ] }, { "date": "2026-06-26", "close": 45.720001, "volume": 0, "typical_volume": 196413.9, "trend": 73.204333, "fair_value": 155.618013, "relative_strength": -46.857359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.964901, "energy": 87.498489, "activity_lines": [ 48.068, 51.062182, 54.803428, 61.679527 ] }, { "date": "2026-07-03", "close": 40.07, "volume": 73295, "typical_volume": 193552.45, "trend": 70.707333, "fair_value": 154.594744, "relative_strength": -53.121472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.599721, "energy": 92.2655, "activity_lines": [ 44.901333, 48.631091, 52.895143, 59.541828 ] }, { "date": "2026-07-10", "close": 38.990002, "volume": 752825, "typical_volume": 226206.65, "trend": 68.059, "fair_value": 153.597565, "relative_strength": -53.539881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.762303, "energy": 92.055984, "activity_lines": [ 42.328001, 46.358727, 51.090571, 57.495548 ] }, { "date": "2026-07-17", "close": 26.809999, "volume": 2374332, "typical_volume": 338131.65, "trend": 65.337, "fair_value": 152.557244, "relative_strength": -67.481351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.446108, "energy": 97.683477, "activity_lines": [ 36.565334, 42.201273, 48.343524, 54.834322 ] }, { "date": "2026-07-24", "close": 28.01, "volume": 804479, "typical_volume": 373956.6, "trend": 62.733, "fair_value": 151.542885, "relative_strength": -64.506946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.021247, "energy": 95.19073, "activity_lines": [ 32.674667, 38.853091, 45.977381, 52.426129 ] }, { "date": "2026-07-31", "close": 27.950001, "volume": 543076, "typical_volume": 391746.35, "trend": 60.301667, "fair_value": 150.481988, "relative_strength": -64.79607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.024037, "energy": 92.053367, "activity_lines": [ 30.018, 36.008, 43.827619, 50.182065 ] }, { "date": "2026-08-07", "close": 28.040001, "volume": 155733, "typical_volume": 382958.9, "trend": 58.069, "fair_value": 149.403077, "relative_strength": -64.16925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.36916, "energy": 89.034691, "activity_lines": [ 28.576001, 33.657455, 41.871524, 48.100667 ] } ], "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." } } }