{ "ticker": { "uuid": "334f0694-00b3-453b-9681-0216e70f2320", "symbol": "7738", "name": "EUI", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 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": -53.061, "architecture_energy": 32.189, "architecture_maturity": 29.583, "architecture_confidence": 91.49, "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": 23.49, "rotation_up": 20.88, "upward_expansion": 3.51, "deceleration": 48.29, "rotation_down": 51.28, "downward_expansion": 79.18 }, "activity_lines": [ 166.466667, 167.272727, 169.478571, 171.892473 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 166.5, "trend_reference": 173.566667, "distance_from_trend": -0.040714, "trend_direction": "Weakening", "fair_value": 177.905034, "distance_from_fair_value": -0.064107, "fair_value_direction": "Improving", "relative_strength": -39.230109, "relative_strength_direction": "Improving", "price_momentum": 0.006042, "excess_performance": -0.43533, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.040714, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.050511, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.064107, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.006216, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.392301, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.0504, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.006042, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.281486, "read": "Demand-led" } ], "volume": { "latest": 104035, "relative_activity": 0.516965, "balance": 1.281486, "dry_up": 0.420263, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.058212, "annualized_volatility": 0.26039, "from_high_reference": -0.362069, "from_low_reference": 0.040625 }, "levels": { "trend_reference": 173.566667, "fair_value_reference": 177.905034, "structural_low": 160.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.000116, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.087399, "regime_survival": 0.833333, "best_return": 0.088757, "worst_return": -0.093583, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.046143, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.33457, "regime_survival": 1.0, "best_return": -0.018717, "worst_return": -0.073569, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.090909, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.729114, "regime_survival": 1.0, "best_return": -0.090909, "worst_return": -0.090909, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-04-03", "tenure": "Established", "return": -0.018717, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-22", "tenure": "Developing", "return": -0.109043, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-14", "tenure": "Developing", "return": -0.064607, "active": true } ], "chart_path": [ { "date": "2024-06-14", "close": 184.265457, "volume": 615543, "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": 187.650925, "volume": 302433, "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": 184.265457, "volume": 164167, "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": 173.141815, "volume": 202800, "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": 156.698196, "volume": 280859, "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": 157.181824, "volume": 186800, "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": 149.927277, "volume": 77027, "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": 149.443634, "volume": 197057, "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": 158.149078, "volume": 157167, "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": 149.927277, "volume": 95596, "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": 143.156372, "volume": 91149, "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": 143.156372, "volume": 140892, "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": 149.449997, "volume": 142493, "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": 156.800003, "volume": 239876, "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": 166.600006, "volume": 332657, "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": 166.600006, "volume": 178232, "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": "2024-10-04", "close": 166.110001, "volume": 144890, "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": "2024-10-11", "close": 165.62001, "volume": 60943, "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": "2024-10-18", "close": 161.699997, "volume": 167408, "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": "2024-10-25", "close": 163.169998, "volume": 25997, "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": "2024-11-01", "close": 163.660004, "volume": 88498, "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": "2024-11-08", "close": 166.110001, "volume": 83146, "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": "2024-11-15", "close": 165.62001, "volume": 94477, "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": "2024-11-22", "close": 164.639999, "volume": 16466, "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": "2024-11-29", "close": 162.680008, "volume": 190447, "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": "2024-12-06", "close": 161.210007, "volume": 222281, "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": "2024-12-13", "close": 150.430008, "volume": 178550, "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": "2024-12-20", "close": 147.490005, "volume": 85007, "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": "2024-12-27", "close": 147.0, "volume": 65346, "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": "2025-01-03", "close": 147.0, "volume": 111496, "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": "2025-01-10", "close": 146.020004, "volume": 83422, "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": "2025-01-17", "close": 147.0, "volume": 99946, "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": "2025-01-24", "close": 150.919998, "volume": 55806, "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": "2025-02-07", "close": 169.540009, "volume": 297041, "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": "2025-02-14", "close": 169.540009, "volume": 125755, "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": "2025-02-21", "close": 167.580002, "volume": 120870, "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": "2025-02-28", "close": 167.089996, "volume": 76768, "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": "2025-03-07", "close": 166.600006, "volume": 112007, "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": "2025-03-14", "close": 161.699997, "volume": 100428, "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": "2025-03-21", "close": 163.169998, "volume": 31146, "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": "2025-03-28", "close": 160.229996, "volume": 167995, "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": "2025-04-04", "close": 154.350006, "volume": 182708, "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": "2025-04-11", "close": 140.630005, "volume": 259287, "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": "2025-04-18", "close": 137.199997, "volume": 238263, "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": "2025-04-25", "close": 137.199997, "volume": 75029, "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": "2025-05-02", "close": 142.100006, "volume": 159140, "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": "2025-05-09", "close": 148.470001, "volume": 502707, "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": "2025-05-16", "close": 158.270004, "volume": 223995, "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": "2025-05-23", "close": 156.800003, "volume": 165456, "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": "2025-05-30", "close": 160.229996, "volume": 130888, "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": "2025-06-06", "close": 156.800003, "volume": 104541, "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": "2025-06-13", "close": 177.380005, "volume": 918178, "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": "2025-06-20", "close": 202.37001, "volume": 1102362, "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": "2025-06-27", "close": 245.0, "volume": 2543564, "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": "2025-07-04", "close": 217.559998, "volume": 1031876, "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": "2025-07-11", "close": 231.279999, "volume": 803700, "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": "2025-07-18", "close": 236.669998, "volume": 661646, "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": "2025-07-25", "close": 229.809998, "volume": 363724, "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": "2025-08-01", "close": 220.499999, "volume": 285955, "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": "2025-08-08", "close": 220.5, "volume": 415251, "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": "2025-08-15", "close": 221.0, "volume": 1140091, "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": "2025-08-22", "close": 225.0, "volume": 734788, "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": "2025-08-29", "close": 234.5, "volume": 692547, "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": "2025-09-05", "close": 233.0, "volume": 600912, "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": "2025-09-12", "close": 234.0, "volume": 451539, "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": "2025-09-19", "close": 253.0, "volume": 1042632, "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": "2025-09-26", "close": 231.5, "volume": 704942, "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": "2025-10-03", "close": 234.0, "volume": 402809, "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": "2025-10-10", "close": 228.0, "volume": 187243, "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": "2025-10-17", "close": 210.5, "volume": 1491106, "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": "2025-10-24", "close": 202.0, "volume": 741557, "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": "2025-10-31", "close": 202.0, "volume": 661172, "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": "2025-11-07", "close": 195.5, "volume": 255060, "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": "2025-11-14", "close": 199.5, "volume": 507311, "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": "2025-11-21", "close": 212.0, "volume": 551263, "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": "2025-11-28", "close": 210.0, "volume": 359153, "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": "2025-12-05", "close": 202.5, "volume": 146012, "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": "2025-12-12", "close": 193.0, "volume": 548282, "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": "2025-12-19", "close": 185.0, "volume": 197227, "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": "2025-12-26", "close": 187.0, "volume": 79148, "typical_volume": 574739.7, "trend": 214.362334, "fair_value": 179.304547, "relative_strength": -17.080045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.556358, "energy": 78.258906, "activity_lines": [ 191.266667, 196.490909, 206.361905, 211.881333 ] }, { "date": "2026-01-02", "close": 190.0, "volume": 257208, "typical_volume": 530595.55, "trend": 215.469, "fair_value": 179.43659, "relative_strength": -18.05993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.883181, "energy": 77.158745, "activity_lines": [ 189.433333, 194.881818, 204.014286, 210.30957 ] }, { "date": "2026-01-09", "close": 184.0, "volume": 374002, "typical_volume": 512556.25, "trend": 215.689667, "fair_value": 179.492241, "relative_strength": -23.043866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.979859, "energy": 79.561715, "activity_lines": [ 186.933333, 192.4, 201.242857, 208.279312 ] }, { "date": "2026-01-16", "close": 177.0, "volume": 382003, "typical_volume": 497029.05, "trend": 214.844, "fair_value": 179.462214, "relative_strength": -28.487001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.116659, "energy": 85.481768, "activity_lines": [ 183.333333, 188.972727, 198.0, 205.783204 ] }, { "date": "2026-01-23", "close": 169.5, "volume": 349100, "typical_volume": 484438.45, "trend": 212.327333, "fair_value": 179.343616, "relative_strength": -32.52928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.484203, "energy": 89.36054, "activity_lines": [ 178.3, 184.518182, 194.316667, 202.857785 ] }, { "date": "2026-01-30", "close": 172.0, "volume": 245454, "typical_volume": 474134.2, "trend": 210.808666, "fair_value": 179.257221, "relative_strength": -31.576526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.689829, "energy": 87.509809, "activity_lines": [ 175.133333, 181.063636, 191.17381, 200.256021 ] }, { "date": "2026-02-06", "close": 165.5, "volume": 148595, "typical_volume": 429432.35, "trend": 208.616, "fair_value": 179.097253, "relative_strength": -33.250815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.613543, "energy": 90.204828, "activity_lines": [ 170.8, 177.154545, 187.707143, 197.332882 ] }, { "date": "2026-02-13", "close": 167.0, "volume": 261254, "typical_volume": 407247.95, "trend": 206.293667, "fair_value": 178.958204, "relative_strength": -35.927462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.926076, "energy": 86.02071, "activity_lines": [ 168.6, 174.327273, 184.8, 194.647978 ] }, { "date": "2026-02-27", "close": 169.0, "volume": 175342, "typical_volume": 395874.6, "trend": 204.266667, "fair_value": 178.845043, "relative_strength": -38.120463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.346439, "energy": 78.595002, "activity_lines": [ 168.2, 172.509091, 182.390476, 192.241935 ] }, { "date": "2026-03-06", "close": 169.0, "volume": 216021, "typical_volume": 397313.5, "trend": 202.55, "fair_value": 178.734425, "relative_strength": -34.415132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.27522, "energy": 64.245467, "activity_lines": [ 168.333333, 171.127273, 180.290476, 189.966667 ] }, { "date": "2026-03-13", "close": 185.0, "volume": 332051, "typical_volume": 339360.75, "trend": 201.366667, "fair_value": 178.804042, "relative_strength": -27.44281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.27024, "energy": 43.336906, "activity_lines": [ 173.833333, 172.945455, 179.995238, 188.834409 ] }, { "date": "2026-03-20", "close": 196.5, "volume": 428303, "typical_volume": 323698.05, "trend": 200.55, "fair_value": 178.998503, "relative_strength": -22.97073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.456011, "energy": 20.567491, "activity_lines": [ 182.3, 176.890909, 180.916667, 188.52043 ] }, { "date": "2026-03-27", "close": 184.0, "volume": 205412, "typical_volume": 300910.05, "trend": 199.183333, "fair_value": 179.052867, "relative_strength": -26.599054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.186749, "energy": 27.22956, "activity_lines": [ 184.533333, 178.445455, 180.67381, 187.452688 ] }, { "date": "2026-04-03", "close": 183.5, "volume": 63389, "typical_volume": 291326.5, "trend": 197.483333, "fair_value": 179.100686, "relative_strength": -25.24592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.390675, "energy": 25.802136, "activity_lines": [ 185.466667, 179.909091, 180.469048, 186.44086 ] }, { "date": "2026-04-10", "close": 188.0, "volume": 176439, "typical_volume": 274782.9, "trend": 195.983333, "fair_value": 179.195359, "relative_strength": -29.215343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.38922, "energy": 18.708168, "activity_lines": [ 186.933333, 182.072727, 180.75, 185.829032 ] }, { "date": "2026-04-17", "close": 180.0, "volume": 270434, "typical_volume": 260741.45, "trend": 194.183333, "fair_value": 179.203829, "relative_strength": -34.391884, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.891627, "energy": 10.812999, "activity_lines": [ 184.466667, 182.445455, 180.32381, 184.797849 ] }, { "date": "2026-04-24", "close": 184.5, "volume": 248102, "typical_volume": 255188.9, "trend": 191.9, "fair_value": 179.258998, "relative_strength": -36.042232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.316905, "energy": 7.676546, "activity_lines": [ 183.833333, 183.490909, 180.478571, 184.173118 ] }, { "date": "2026-05-01", "close": 179.5, "volume": 104265, "typical_volume": 253101.55, "trend": 190.166667, "fair_value": 179.261482, "relative_strength": -37.393746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.050934, "energy": 14.165245, "activity_lines": [ 182.333333, 183.281818, 180.278571, 183.373118 ] }, { "date": "2026-05-08", "close": 175.5, "volume": 377027, "typical_volume": 244538.8, "trend": 188.216667, "fair_value": 179.2231, "relative_strength": -42.333864, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.826617, "energy": 23.567076, "activity_lines": [ 179.8, 182.118182, 179.807143, 182.426882 ] }, { "date": "2026-05-15", "close": 166.5, "volume": 376020, "typical_volume": 253478.45, "trend": 186.166667, "fair_value": 179.094584, "relative_strength": -44.270079, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.543136, "energy": 38.740585, "activity_lines": [ 174.8, 179.2, 178.561905, 181.025806 ] }, { "date": "2026-05-22", "close": 167.5, "volume": 205265, "typical_volume": 259784.3, "trend": 184.733333, "fair_value": 178.978638, "relative_strength": -44.909306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.254857, "energy": 54.697262, "activity_lines": [ 171.566667, 176.509091, 177.5, 179.821505 ] }, { "date": "2026-05-29", "close": 178.0, "volume": 319814, "typical_volume": 262914.6, "trend": 183.933333, "fair_value": 178.968948, "relative_strength": -44.195139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.474694, "energy": 45.036758, "activity_lines": [ 172.666667, 176.045455, 177.530952, 179.387097 ] }, { "date": "2026-06-05", "close": 168.0, "volume": 349055, "typical_volume": 261667.25, "trend": 182.8, "fair_value": 178.86141, "relative_strength": -47.187052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.18021, "energy": 50.909295, "activity_lines": [ 170.866667, 174.1, 176.666667, 178.35914 ] }, { "date": "2026-06-12", "close": 170.5, "volume": 312245, "typical_volume": 258179.35, "trend": 181.966667, "fair_value": 178.780231, "relative_strength": -44.798495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.326114, "energy": 35.753614, "activity_lines": [ 170.666667, 172.9, 176.116667, 177.565591 ] }, { "date": "2026-06-19", "close": 173.5, "volume": 246051, "typical_volume": 253026.9, "trend": 181.1, "fair_value": 178.729459, "relative_strength": -45.963782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.275864, "energy": 27.02529, "activity_lines": [ 171.8, 172.481818, 175.883333, 177.019355 ] }, { "date": "2026-06-26", "close": 166.0, "volume": 169238, "typical_volume": 249216.1, "trend": 179.566667, "fair_value": 178.608227, "relative_strength": -45.272517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.704798, "energy": 37.178308, "activity_lines": [ 169.966667, 170.963636, 174.916667, 176.045161 ] }, { "date": "2026-07-03", "close": 170.0, "volume": 73001, "typical_volume": 245436.4, "trend": 178.233333, "fair_value": 178.527017, "relative_strength": -45.488521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.036022, "energy": 30.00859, "activity_lines": [ 169.566667, 170.427273, 174.359524, 175.427957 ] }, { "date": "2026-07-10", "close": 168.0, "volume": 223005, "typical_volume": 243523.95, "trend": 177.083333, "fair_value": 178.428633, "relative_strength": -43.466585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.353214, "energy": 30.763314, "activity_lines": [ 169.033333, 169.790909, 173.590476, 174.767742 ] }, { "date": "2026-07-17", "close": 168.0, "volume": 173190, "typical_volume": 243416.35, "trend": 176.25, "fair_value": 178.332072, "relative_strength": -38.79259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.014, "energy": 36.68238, "activity_lines": [ 168.5, 169.363636, 172.816667, 174.18172 ] }, { "date": "2026-07-24", "close": 167.0, "volume": 83006, "typical_volume": 236765.6, "trend": 175.65, "fair_value": 178.228108, "relative_strength": -39.386834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.644508, "energy": 31.033617, "activity_lines": [ 167.8, 168.890909, 171.952381, 173.584946 ] }, { "date": "2026-07-31", "close": 165.5, "volume": 110147, "typical_volume": 225670.4, "trend": 174.933333, "fair_value": 178.112398, "relative_strength": -38.05375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.770561, "energy": 32.664144, "activity_lines": [ 167.033333, 168.136364, 170.954762, 172.930108 ] }, { "date": "2026-08-07", "close": 166.5, "volume": 41110, "typical_volume": 206310.75, "trend": 174.15, "fair_value": 178.007782, "relative_strength": -38.154707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.317392, "energy": 32.119691, "activity_lines": [ 166.633333, 167.6, 170.145238, 172.386022 ] }, { "date": "2026-08-14", "close": 166.5, "volume": 104035, "typical_volume": 201241.9, "trend": 173.566667, "fair_value": 177.905034, "relative_strength": -39.230109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.060931, "energy": 32.189345, "activity_lines": [ 166.466667, 167.272727, 169.478571, 171.892473 ] } ], "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." } } }