{ "ticker": { "uuid": "3549d736-9a50-4e30-8135-7f746fe686d3", "symbol": "SBFC", "name": "SBFC Finance 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": 84.61, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -10.163, "architecture_energy": 5.582, "architecture_maturity": 11.954, "architecture_confidence": 86.01, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 74.71, "rotation_up": 23.62, "upward_expansion": 30.42, "deceleration": 38.06, "rotation_down": 33.43, "downward_expansion": 45.76 }, "activity_lines": [ 92.635333, 92.432727, 92.635904, 92.415655 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 94.25, "trend_reference": 92.944999, "distance_from_trend": 0.014041, "trend_direction": "Weakening", "fair_value": 92.743269, "distance_from_fair_value": 0.016246, "fair_value_direction": "Weakening", "relative_strength": -4.225967, "relative_strength_direction": "Weakening", "price_momentum": 0.006514, "excess_performance": 0.050223, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.014041, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.046972, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.016246, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.048344, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.04226, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.03018, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.006514, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.14681, "read": "Demand-led" } ], "volume": { "latest": 4991790, "relative_activity": 0.805169, "balance": 1.14681, "dry_up": 0.871004, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.049794, "annualized_volatility": 0.300299, "from_high_reference": -0.23374, "from_low_reference": 0.184045 }, "levels": { "trend_reference": 92.944999, "fair_value_reference": 92.743269, "structural_low": 79.599998, "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": 3, "median_return": 0.104433, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.055458, "regime_survival": 0.666667, "best_return": 0.110139, "worst_return": 0.010684, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.228949, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.138702, "regime_survival": 0.0, "best_return": 0.228949, "worst_return": 0.228949, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.303044, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.212054, "regime_survival": 0.0, "best_return": 0.303044, "worst_return": 0.303044, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.103159, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.018589, "regime_survival": 0.0, "best_return": 0.103159, "worst_return": 0.103159, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-04-18", "tenure": "Developing", "return": 0.121999, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-25", "end": "2025-08-08", "tenure": "Established", "return": -0.045407, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-10-17", "tenure": "Developing", "return": 0.074776, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-12-05", "tenure": "Developing", "return": -0.079754, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-07-10", "tenure": "Extended", "return": -0.126934, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.001701, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 88.25, "volume": 246153350, "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": 88.300003, "volume": 29969187, "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": 86.849998, "volume": 13238030, "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": 88.900002, "volume": 12602406, "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": 85.900002, "volume": 11551557, "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": 85.199997, "volume": 4626505, "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": 83.25, "volume": 4069966, "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": 86.849998, "volume": 7362944, "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": 84.25, "volume": 4712614, "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": 84.5, "volume": 3273346, "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": 84.550003, "volume": 9003720, "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": 81.849998, "volume": 3552367, "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": 83.75, "volume": 7303309, "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": 91.400002, "volume": 39005090, "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": 87.75, "volume": 14616595, "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": 89.75, "volume": 10145012, "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": 86.449997, "volume": 7086294, "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": 93.949997, "volume": 31489339, "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": 89.099998, "volume": 11894162, "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": 89.400002, "volume": 4870445, "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": 90.150002, "volume": 8670750, "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": 87.75, "volume": 6172800, "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": 85.949997, "volume": 4470366, "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": 89.300003, "volume": 12108974, "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": 87.400002, "volume": 9869618, "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": 87.849998, "volume": 5392786, "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": 88.849998, "volume": 7722753, "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": 89.099998, "volume": 6625950, "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": 84.0, "volume": 13363400, "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": 82.199997, "volume": 110826036, "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": 77.349998, "volume": 19829233, "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": 83.300003, "volume": 6837416, "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": 81.949997, "volume": 5888411, "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": 83.449997, "volume": 5291429, "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": 87.599998, "volume": 7982851, "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": 87.800003, "volume": 7903117, "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": 90.300003, "volume": 7120699, "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": 85.75, "volume": 92596899, "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": 82.75, "volume": 16903373, "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": 81.900002, "volume": 7632734, "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": 83.449997, "volume": 5021003, "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": 81.199997, "volume": 4354835, "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": 84.599998, "volume": 7624401, "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": 86.190002, "volume": 8611103, "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": 85.220001, "volume": 10932357, "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": 82.339996, "volume": 7595528, "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": 83.459999, "volume": 5334478, "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": 81.900002, "volume": 8321935, "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": 81.120003, "volume": 5123613, "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": 82.309998, "volume": 6538315, "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": 82.599998, "volume": 9458038, "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": 81.269997, "volume": 5894947, "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": 84.110001, "volume": 5855050, "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": 84.559998, "volume": 13010824, "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": 84.379997, "volume": 14652281, "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": 82.529999, "volume": 8615982, "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": 83.769997, "volume": 7693130, "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": 88.18, "volume": 15346989, "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": 93.730003, "volume": 204278154, "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": 90.400002, "volume": 19738695, "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": 89.919998, "volume": 17153095, "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": 87.529999, "volume": 9665018, "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": 78.830002, "volume": 13592288, "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": 86.980003, "volume": 13336783, "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": 84.809998, "volume": 7515935, "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": 82.910004, "volume": 5141095, "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": 84.269997, "volume": 5459413, "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": 86.919998, "volume": 12967511, "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": 87.129997, "volume": 6912224, "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": 92.239998, "volume": 20039279, "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": 84.540001, "volume": 8987539, "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": 89.129997, "volume": 5542176, "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": 89.75, "volume": 10823559, "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": 87.459999, "volume": 7537955, "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": 86.57, "volume": 6768097, "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": 88.160004, "volume": 6122623, "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": "2025-01-31", "close": 85.25, "volume": 7184044, "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": 83.489998, "volume": 4909453, "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": 82.410004, "volume": 9566651, "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": 87.050003, "volume": 9490451, "typical_volume": 9435759.45, "trend": 86.029333, "fair_value": 85.844625, "relative_strength": 6.43524, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -14.017432, "energy": 15.711543, "activity_lines": [ 84.934669, 85.828365, 86.292286, 86.380796 ] }, { "date": "2025-02-28", "close": 88.269997, "volume": 7503789, "typical_volume": 8953294.15, "trend": 86.218333, "fair_value": 85.874568, "relative_strength": 11.064564, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -5.136944, "energy": 6.440723, "activity_lines": [ 85.934, 86.171819, 86.483, 86.525355 ] }, { "date": "2025-03-07", "close": 86.599998, "volume": 10779488, "typical_volume": 9009017.65, "trend": 86.396, "fair_value": 85.883414, "relative_strength": 6.790295, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -0.56835, "energy": 0.94258, "activity_lines": [ 86.369333, 86.143818, 86.522524, 86.549978 ] }, { "date": "2025-03-14", "close": 83.32, "volume": 3799070, "typical_volume": 8519356.75, "trend": 86.369666, "fair_value": 85.85253, "relative_strength": 3.343095, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -37.668609, "energy": 15.896086, "activity_lines": [ 85.621333, 85.565455, 86.254095, 86.351527 ] }, { "date": "2025-03-21", "close": 87.980003, "volume": 46156940, "typical_volume": 10160364.6, "trend": 86.483667, "fair_value": 85.877857, "relative_strength": 4.669494, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -17.437912, "energy": 9.341686, "activity_lines": [ 86.438, 85.951273, 86.408095, 86.455419 ] }, { "date": "2025-03-28", "close": 88.239998, "volume": 8688559, "typical_volume": 10218995.8, "trend": 86.612333, "fair_value": 85.905647, "relative_strength": 4.179431, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 12.231455, "energy": 7.619453, "activity_lines": [ 86.97, 86.374909, 86.582095, 86.568731 ] }, { "date": "2025-04-04", "close": 92.949997, "volume": 10519239, "typical_volume": 10487903.0, "trend": 86.959666, "fair_value": 85.987558, "relative_strength": 12.475219, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 63.769395, "energy": 43.295304, "activity_lines": [ 88.992666, 87.624545, 87.188333, 86.977613 ] }, { "date": "2025-04-11", "close": 89.669998, "volume": 7716143, "typical_volume": 10600739.5, "trend": 87.156333, "fair_value": 86.029885, "relative_strength": 8.844927, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 24.211197, "energy": 33.06053, "activity_lines": [ 89.609999, 88.190726, 87.434381, 87.152473 ] }, { "date": "2025-04-18", "close": 97.669998, "volume": 12100859, "typical_volume": 10557406.9, "trend": 87.472666, "fair_value": 86.162159, "relative_strength": 13.391438, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 73.336478, "energy": 64.858747, "activity_lines": [ 92.689331, 90.13109, 88.416618, 87.830774 ] }, { "date": "2025-04-25", "close": 106.150002, "volume": 31799429, "typical_volume": 11801767.15, "trend": 87.886666, "fair_value": 86.386741, "relative_strength": 22.022068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.453033, "energy": 80.82669, "activity_lines": [ 97.638666, 93.355454, 90.155285, 89.035763 ] }, { "date": "2025-05-02", "close": 100.309998, "volume": 12734883, "typical_volume": 11436547.35, "trend": 88.217, "fair_value": 86.541444, "relative_strength": 13.669041, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.332316, "energy": 75.204057, "activity_lines": [ 99.429999, 95.086363, 91.24719, 89.837268 ] }, { "date": "2025-05-09", "close": 98.529999, "volume": 12833638, "typical_volume": 11628852.3, "trend": 88.504, "fair_value": 86.673186, "relative_strength": 13.016021, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.653377, "energy": 71.964626, "activity_lines": [ 99.823332, 96.252544, 92.131142, 90.502623 ] }, { "date": "2025-05-16", "close": 107.870003, "volume": 19566016, "typical_volume": 12330044.3, "trend": 89.182, "fair_value": 86.903587, "relative_strength": 18.308397, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.215846, "energy": 77.326424, "activity_lines": [ 102.958, 98.930363, 93.838, 91.752043 ] }, { "date": "2025-05-23", "close": 106.980003, "volume": 14983770, "typical_volume": 12538054.85, "trend": 90.120333, "fair_value": 87.119462, "relative_strength": 17.703221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.720399, "energy": 63.671346, "activity_lines": [ 104.582668, 101.059637, 95.370857, 92.900301 ] }, { "date": "2025-05-30", "close": 112.919998, "volume": 21257573, "typical_volume": 13224035.75, "trend": 90.985, "fair_value": 87.393936, "relative_strength": 24.127356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.720362, "energy": 68.761578, "activity_lines": [ 107.566667, 103.838727, 97.387381, 94.371247 ] }, { "date": "2025-06-06", "close": 114.5, "volume": 12849082, "typical_volume": 13528085.0, "trend": 91.974666, "fair_value": 87.679263, "relative_strength": 23.979544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.411283, "energy": 78.926664, "activity_lines": [ 110.626, 106.451636, 99.433143, 95.888344 ] }, { "date": "2025-06-13", "close": 110.440002, "volume": 11355786, "typical_volume": 13789743.15, "trend": 92.892333, "fair_value": 87.916354, "relative_strength": 20.461028, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.483527, "energy": 65.214124, "activity_lines": [ 111.386001, 107.84891, 100.959238, 97.079656 ] }, { "date": "2025-06-20", "close": 103.050003, "volume": 10464792, "typical_volume": 13953780.55, "trend": 93.518333, "fair_value": 88.072371, "relative_strength": 10.364722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.888296, "energy": 48.453486, "activity_lines": [ 108.888668, 107.584547, 101.675429, 97.734989 ] }, { "date": "2025-06-27", "close": 106.589996, "volume": 13707670, "typical_volume": 14393691.4, "trend": 94.174, "fair_value": 88.261326, "relative_strength": 11.397006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.798385, "energy": 39.016814, "activity_lines": [ 107.892666, 107.720546, 102.644, 98.578323 ] }, { "date": "2025-07-04", "close": 110.889999, "volume": 32171294, "typical_volume": 15523923.55, "trend": 94.966, "fair_value": 88.489899, "relative_strength": 16.142657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.554194, "energy": 32.541484, "activity_lines": [ 108.355999, 108.476182, 103.912095, 99.656774 ] }, { "date": "2025-07-11", "close": 119.019997, "volume": 16594681, "typical_volume": 15879135.05, "trend": 95.858666, "fair_value": 88.7952, "relative_strength": 25.306864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.604108, "energy": 44.811942, "activity_lines": [ 111.664665, 110.623818, 105.818857, 101.208645 ] }, { "date": "2025-07-18", "close": 115.589996, "volume": 8163793, "typical_volume": 15912135.25, "trend": 96.893666, "fair_value": 89.060495, "relative_strength": 21.760052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.823948, "energy": 47.647032, "activity_lines": [ 113.528664, 111.807635, 107.246714, 102.481634 ] }, { "date": "2025-07-25", "close": 109.459999, "volume": 13096188, "typical_volume": 16027970.25, "trend": 97.571333, "fair_value": 89.26049, "relative_strength": 15.275668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.379529, "energy": 47.767799, "activity_lines": [ 113.005998, 111.566726, 107.960666, 103.292365 ] }, { "date": "2025-08-01", "close": 101.339996, "volume": 12297244, "typical_volume": 16452878.95, "trend": 97.957666, "fair_value": 89.377767, "relative_strength": 7.480791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.845279, "energy": 26.328728, "activity_lines": [ 109.34933, 109.820543, 107.792427, 103.535505 ] }, { "date": "2025-08-08", "close": 101.330002, "volume": 7042928, "typical_volume": 14497178.35, "trend": 98.42, "fair_value": 89.492692, "relative_strength": 7.915954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.164895, "energy": 15.795431, "activity_lines": [ 106.039332, 108.175089, 107.537428, 103.753075 ] }, { "date": "2025-08-15", "close": 104.980003, "volume": 4927873, "typical_volume": 14309144.05, "trend": 99.033666, "fair_value": 89.64019, "relative_strength": 10.128009, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.523548, "energy": 18.260383, "activity_lines": [ 104.583334, 107.403999, 107.566476, 104.176301 ] }, { "date": "2025-08-22", "close": 113.43, "volume": 12200586, "typical_volume": 14393211.4, "trend": 99.876, "fair_value": 89.864622, "relative_strength": 17.177664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.544621, "energy": 23.612876, "activity_lines": [ 106.880001, 108.342363, 108.320571, 105.105096 ] }, { "date": "2025-08-29", "close": 105.599998, "volume": 8504310, "typical_volume": 14432619.75, "trend": 100.554333, "fair_value": 90.011682, "relative_strength": 10.533593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.551403, "energy": 10.73996, "activity_lines": [ 106.710667, 107.802727, 108.231428, 105.474387 ] }, { "date": "2025-09-05", "close": 106.82, "volume": 15685074, "typical_volume": 14611830.5, "trend": 101.332, "fair_value": 90.167314, "relative_strength": 9.852521, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.687016, "energy": 11.868194, "activity_lines": [ 107.205333, 107.438545, 108.182619, 105.878623 ] }, { "date": "2025-09-12", "close": 106.669998, "volume": 3444356, "typical_volume": 13194076.85, "trend": 102.140666, "fair_value": 90.318715, "relative_strength": 7.572256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.26589, "energy": 16.96794, "activity_lines": [ 107.284666, 107.042908, 108.075952, 106.22301 ] }, { "date": "2025-09-19", "close": 107.440002, "volume": 7994995, "typical_volume": 12957082.45, "trend": 102.820333, "fair_value": 90.474363, "relative_strength": 7.008374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.805594, "energy": 11.534503, "activity_lines": [ 107.264667, 106.864, 108.040142, 106.564903 ] }, { "date": "2025-09-26", "close": 106.57, "volume": 10860361, "typical_volume": 12858418.6, "trend": 103.430333, "fair_value": 90.619369, "relative_strength": 8.645292, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.047205, "energy": 10.128999, "activity_lines": [ 106.790667, 106.737455, 107.887523, 106.806817 ] }, { "date": "2025-10-03", "close": 108.370003, "volume": 5901374, "typical_volume": 12175186.5, "trend": 104.156, "fair_value": 90.777857, "relative_strength": 9.027602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.430453, "energy": 11.699937, "activity_lines": [ 107.374001, 107.102182, 107.868047, 107.125505 ] }, { "date": "2025-10-10", "close": 108.760002, "volume": 7873648, "typical_volume": 11819680.4, "trend": 105.004, "fair_value": 90.936991, "relative_strength": 7.365873, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.731872, "energy": 14.459472, "activity_lines": [ 107.902668, 107.557637, 107.883333, 107.422538 ] }, { "date": "2025-10-17", "close": 112.830002, "volume": 10896609, "typical_volume": 11301632.2, "trend": 105.832333, "fair_value": 91.129035, "relative_strength": 9.0907, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.667621, "energy": 29.556044, "activity_lines": [ 109.658669, 108.618183, 108.277762, 107.927441 ] }, { "date": "2025-10-24", "close": 115.480003, "volume": 16772245, "typical_volume": 11497790.35, "trend": 106.740333, "fair_value": 91.340782, "relative_strength": 10.640101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.16707, "energy": 50.408531, "activity_lines": [ 111.887336, 109.951456, 108.925001, 108.549871 ] }, { "date": "2025-10-31", "close": 114.080002, "volume": 6482911, "typical_volume": 11254146.6, "trend": 107.444667, "fair_value": 91.53681, "relative_strength": 9.164905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.195309, "energy": 57.386937, "activity_lines": [ 113.113336, 110.839274, 109.434239, 109.023398 ] }, { "date": "2025-11-07", "close": 113.970001, "volume": 36352514, "typical_volume": 12548532.7, "trend": 108.254667, "fair_value": 91.728547, "relative_strength": 9.545644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.906774, "energy": 57.59976, "activity_lines": [ 113.802002, 111.695274, 109.915668, 109.444388 ] }, { "date": "2025-11-14", "close": 109.300003, "volume": 7319452, "typical_volume": 12229121.8, "trend": 108.642334, "fair_value": 91.877457, "relative_strength": 3.025573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.083796, "energy": 39.766194, "activity_lines": [ 112.560669, 111.550002, 109.900334, 109.511829 ] }, { "date": "2025-11-21", "close": 107.519997, "volume": 8520606, "typical_volume": 11046587.4, "trend": 108.688, "fair_value": 92.008907, "relative_strength": 0.450162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.007654, "energy": 13.460874, "activity_lines": [ 110.69, 111.036001, 109.702572, 109.43942 ] }, { "date": "2025-11-28", "close": 108.379997, "volume": 6323689, "typical_volume": 10533037.8, "trend": 108.957, "fair_value": 92.145333, "relative_strength": 0.481335, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.565158, "energy": 13.748183, "activity_lines": [ 109.459999, 110.662909, 109.602762, 109.419549 ] }, { "date": "2025-12-05", "close": 106.269997, "volume": 3286338, "typical_volume": 10289165.05, "trend": 109.215, "fair_value": 92.262066, "relative_strength": -1.655168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -6.37798, "energy": 14.974407, "activity_lines": [ 107.999998, 109.889091, 109.352667, 109.246194 ] }, { "date": "2025-12-12", "close": 105.330002, "volume": 4237788, "typical_volume": 9846245.05, "trend": 109.130333, "fair_value": 92.36918, "relative_strength": -2.148819, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.831099, "energy": 31.090604, "activity_lines": [ 106.747332, 108.949818, 109.057429, 108.995549 ] }, { "date": "2025-12-19", "close": 103.629997, "volume": 9673765, "typical_volume": 9715071.1, "trend": 109.018667, "fair_value": 92.460731, "relative_strength": -3.611951, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.302345, "energy": 48.027049, "activity_lines": [ 105.503998, 107.756727, 108.619952, 108.640688 ] }, { "date": "2025-12-26", "close": 104.489998, "volume": 4734267, "typical_volume": 9599638.05, "trend": 108.737666, "fair_value": 92.557742, "relative_strength": -3.216435, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.464055, "energy": 51.085968, "activity_lines": [ 104.925332, 106.813272, 108.253476, 108.348516 ] }, { "date": "2026-01-02", "close": 102.989998, "volume": 11812554, "typical_volume": 9943872.1, "trend": 108.354, "fair_value": 92.6412, "relative_strength": -5.718562, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.501573, "energy": 53.462527, "activity_lines": [ 104.048665, 105.748726, 107.729095, 107.977699 ] }, { "date": "2026-01-09", "close": 99.449997, "volume": 5140515, "typical_volume": 9590868.55, "trend": 107.987666, "fair_value": 92.695238, "relative_strength": -6.732325, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.136636, "energy": 63.088477, "activity_lines": [ 102.351331, 104.267635, 106.877047, 107.403247 ] }, { "date": "2026-01-16", "close": 107.010002, "volume": 8323047, "typical_volume": 9581805.4, "trend": 108.119666, "fair_value": 92.807952, "relative_strength": 0.113401, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.403313, "energy": 39.18109, "activity_lines": [ 103.628666, 104.42709, 106.811571, 107.340172 ] }, { "date": "2026-01-23", "close": 101.860001, "volume": 8913079, "typical_volume": 9243205.65, "trend": 107.962, "fair_value": 92.878672, "relative_strength": -2.360464, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.964127, "energy": 37.926243, "activity_lines": [ 103.077333, 103.776726, 106.248904, 106.936322 ] }, { "date": "2026-01-30", "close": 85.419998, "volume": 57391744, "typical_volume": 11940575.05, "trend": 107.113, "fair_value": 92.820852, "relative_strength": -18.904198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.473917, "energy": 72.355088, "activity_lines": [ 97.163999, 100.272544, 104.144142, 105.482 ] }, { "date": "2026-02-06", "close": 93.639999, "volume": 9428612, "typical_volume": 12012255.9, "trend": 106.267, "fair_value": 92.827154, "relative_strength": -12.431842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.044209, "energy": 67.116874, "activity_lines": [ 95.261999, 98.664726, 102.923428, 104.612774 ] }, { "date": "2026-02-13", "close": 96.75, "volume": 5970704, "typical_volume": 11767773.05, "trend": 105.639, "fair_value": 92.857099, "relative_strength": -8.818885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.004674, "energy": 69.242509, "activity_lines": [ 95.02, 97.890363, 102.064618, 103.998774 ] }, { "date": "2026-02-20", "close": 96.029999, "volume": 3291732, "typical_volume": 11637290.95, "trend": 105.191333, "fair_value": 92.881136, "relative_strength": -9.825556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.698278, "energy": 68.516666, "activity_lines": [ 94.717999, 97.158181, 101.183999, 103.378838 ] }, { "date": "2026-02-27", "close": 93.089996, "volume": 5485874, "typical_volume": 11517902.25, "trend": 104.916333, "fair_value": 92.882706, "relative_strength": -11.103223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.897194, "energy": 48.006892, "activity_lines": [ 94.167998, 96.060544, 100.082142, 102.598107 ] }, { "date": "2026-03-06", "close": 93.959999, "volume": 3925886, "typical_volume": 11169366.1, "trend": 104.670666, "fair_value": 92.890746, "relative_strength": -7.601335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.885495, "energy": 40.186589, "activity_lines": [ 94.492665, 95.312726, 99.137761, 101.891247 ] }, { "date": "2026-03-13", "close": 90.949997, "volume": 3984077, "typical_volume": 10529957.7, "trend": 104.203, "fair_value": 92.87637, "relative_strength": -5.632544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.210623, "energy": 44.016005, "activity_lines": [ 93.244664, 94.209089, 97.99657, 101.006042 ] }, { "date": "2026-03-20", "close": 86.769997, "volume": 13791741, "typical_volume": 10895399.2, "trend": 103.314333, "fair_value": 92.83147, "relative_strength": -9.821265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.98235, "energy": 50.589111, "activity_lines": [ 90.782664, 92.564362, 96.574094, 99.881332 ] }, { "date": "2026-03-27", "close": 83.480003, "volume": 15685849, "typical_volume": 9862065.95, "trend": 102.577, "fair_value": 92.763211, "relative_strength": -12.081308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.003288, "energy": 64.897195, "activity_lines": [ 87.889333, 90.551999, 94.968332, 98.601698 ] }, { "date": "2026-04-03", "close": 82.57, "volume": 5523121, "typical_volume": 9772249.4, "trend": 101.768666, "fair_value": 92.689347, "relative_strength": -12.460883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.36963, "energy": 74.038481, "activity_lines": [ 85.529333, 88.801999, 93.421094, 97.310924 ] }, { "date": "2026-04-10", "close": 92.68, "volume": 11818785, "typical_volume": 9937158.35, "trend": 101.302333, "fair_value": 92.68928, "relative_strength": -7.174751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.931599, "energy": 50.073143, "activity_lines": [ 87.240667, 89.240908, 92.963999, 96.724558 ] }, { "date": "2026-04-17", "close": 97.349998, "volume": 9965825, "typical_volume": 10119265.15, "trend": 100.966, "fair_value": 92.722571, "relative_strength": -3.666815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.478304, "energy": 28.798738, "activity_lines": [ 90.594, 90.396908, 93.022332, 96.469569 ] }, { "date": "2026-04-24", "close": 94.940002, "volume": 5055216, "typical_volume": 10207709.05, "trend": 100.578333, "fair_value": 92.738298, "relative_strength": -4.063622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.805455, "energy": 18.286872, "activity_lines": [ 92.717334, 91.047272, 92.903666, 96.080795 ] }, { "date": "2026-05-01", "close": 92.309998, "volume": 4571835, "typical_volume": 10224411.4, "trend": 100.042999, "fair_value": 92.735281, "relative_strength": -6.990279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.756859, "energy": 22.690757, "activity_lines": [ 93.419333, 91.252363, 92.588475, 95.547354 ] }, { "date": "2026-05-08", "close": 98.769997, "volume": 14414787, "typical_volume": 10461462.5, "trend": 99.709999, "fair_value": 92.777482, "relative_strength": -1.207947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.017799, "energy": 17.687198, "activity_lines": [ 95.685999, 92.699635, 92.950523, 95.465225 ] }, { "date": "2026-05-15", "close": 91.400002, "volume": 9601056, "typical_volume": 10704801.95, "trend": 98.995666, "fair_value": 92.767916, "relative_strength": -6.32591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.137551, "energy": 13.565956, "activity_lines": [ 94.416, 92.703636, 92.633809, 94.929096 ] }, { "date": "2026-05-22", "close": 91.169998, "volume": 2811450, "typical_volume": 10254746.75, "trend": 98.185333, "fair_value": 92.756896, "relative_strength": -6.65982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.075165, "energy": 10.662, "activity_lines": [ 93.154666, 92.712363, 92.357523, 94.424214 ] }, { "date": "2026-05-29", "close": 94.300003, "volume": 5879772, "typical_volume": 10291709.6, "trend": 97.525999, "fair_value": 92.767465, "relative_strength": -2.498036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.342818, "energy": 8.575937, "activity_lines": [ 93.348667, 93.286182, 92.435619, 94.173548 ] }, { "date": "2026-06-05", "close": 92.959999, "volume": 637080, "typical_volume": 9907411.25, "trend": 96.825666, "fair_value": 92.768775, "relative_strength": -2.865411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.545546, "energy": 15.885218, "activity_lines": [ 93.138667, 93.479454, 92.410619, 93.878967 ] }, { "date": "2026-06-12", "close": 90.589996, "volume": 1032463, "typical_volume": 9513380.45, "trend": 96.201999, "fair_value": 92.754054, "relative_strength": -6.089313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.205705, "energy": 18.540988, "activity_lines": [ 92.095332, 93.069454, 92.226809, 93.476666 ] }, { "date": "2026-06-19", "close": 95.400002, "volume": 3794321, "typical_volume": 6833509.3, "trend": 95.797999, "fair_value": 92.771812, "relative_strength": -2.650081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.716092, "energy": 8.457527, "activity_lines": [ 93.200666, 93.388181, 92.554761, 93.424924 ] }, { "date": "2026-06-26", "close": 90.82, "volume": 0, "typical_volume": 6362078.7, "trend": 95.212666, "fair_value": 92.7588, "relative_strength": -7.322065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.452637, "energy": 16.018018, "activity_lines": [ 92.512666, 92.824727, 92.399, 93.103763 ] }, { "date": "2026-07-03", "close": 91.25, "volume": 672351, "typical_volume": 6097161.05, "trend": 94.711999, "fair_value": 92.748808, "relative_strength": -7.447307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.955037, "energy": 16.928594, "activity_lines": [ 91.991333, 92.458182, 92.297619, 92.848107 ] }, { "date": "2026-07-10", "close": 91.959999, "volume": 10929946, "typical_volume": 6479071.75, "trend": 94.266333, "fair_value": 92.743618, "relative_strength": -6.065636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.934741, "energy": 17.72781, "activity_lines": [ 91.91, 92.287818, 92.290047, 92.670559 ] }, { "date": "2026-07-17", "close": 94.089996, "volume": 4158492, "typical_volume": 6412702.65, "trend": 93.948332, "fair_value": 92.752418, "relative_strength": -4.044994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.509682, "energy": 8.60487, "activity_lines": [ 92.605332, 92.51109, 92.504714, 92.659182 ] }, { "date": "2026-07-24", "close": 92.18, "volume": 2982867, "typical_volume": 6365551.7, "trend": 93.537999, "fair_value": 92.748701, "relative_strength": -3.507309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.497614, "energy": 15.332883, "activity_lines": [ 92.430665, 92.472181, 92.532714, 92.545096 ] }, { "date": "2026-07-31", "close": 90.400002, "volume": 9466659, "typical_volume": 6639680.8, "trend": 93.118333, "fair_value": 92.733548, "relative_strength": -7.57698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.415929, "energy": 16.49073, "activity_lines": [ 91.877333, 92.095454, 92.399666, 92.342645 ] }, { "date": "2026-08-07", "close": 94.25, "volume": 4991790, "typical_volume": 6199683.25, "trend": 92.944999, "fair_value": 92.743269, "relative_strength": -4.225967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.16319, "energy": 5.581668, "activity_lines": [ 92.635333, 92.432727, 92.635904, 92.415655 ] } ], "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." } } }