{ "ticker": { "uuid": "3e6807ae-f5f7-451f-9539-14e79f17799d", "symbol": "IITL", "name": "Industrial Investment Trust 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": 81.621, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -29.67, "architecture_energy": 16.261, "architecture_maturity": 32.576, "architecture_confidence": 61.643, "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": 54.47, "rotation_up": 25.55, "upward_expansion": 15.48, "deceleration": 40.53, "rotation_down": 30.75, "downward_expansion": 60.81 }, "activity_lines": [ 135.554667, 133.255455, 140.047286, 141.001828 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 144.860001, "trend_reference": 141.389, "distance_from_trend": 0.024549, "trend_direction": "Weakening", "fair_value": 202.235321, "distance_from_fair_value": -0.283706, "fair_value_direction": "Weakening", "relative_strength": -7.112571, "relative_strength_direction": "Weakening", "price_momentum": 0.046223, "excess_performance": 0.089932, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024549, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.080233, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.283706, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.088345, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.071126, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.07785, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.046223, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.877501, "read": "Demand-led" } ], "volume": { "latest": 1094951, "relative_activity": 2.95923, "balance": 1.877501, "dry_up": 1.765628, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.110382, "annualized_volatility": 0.423569, "from_high_reference": -0.329352, "from_low_reference": 0.341296 }, "levels": { "trend_reference": 141.389, "fair_value_reference": 202.235321, "structural_low": 108.0, "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": 15, "median_return": 0.027726, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.010829, "regime_survival": 0.733333, "best_return": 0.241828, "worst_return": -0.157258, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.118166, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.164105, "regime_survival": 0.2, "best_return": 0.675201, "worst_return": -0.242724, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.006371, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.030992, "regime_survival": 0.25, "best_return": 1.616919, "worst_return": -0.108002, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.090704, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.007828, "regime_survival": 0.333333, "best_return": 0.340231, "worst_return": -0.11908, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": -0.205919, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.075828, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-09-12", "tenure": "Established", "return": -0.165715, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": 0.017639, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": -0.000403, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.072253, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": 0.006931, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": -0.109838, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": -0.09365, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.251325, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.008807, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.069234, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.056996, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.093448, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 103.699997, "volume": 1728, "typical_volume": 179260.15, "trend": 96.771667, "fair_value": 78.48718, "relative_strength": 8.543488, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.349159, "energy": 16.903479, "activity_lines": [ 104.986665, 106.724544, 104.462143, 100.696667 ] }, { "date": "2023-08-25", "close": 108.0, "volume": 215789, "typical_volume": 188558.25, "trend": 97.288333, "fair_value": 78.788462, "relative_strength": 12.584761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.574069, "energy": 18.013437, "activity_lines": [ 105.826665, 106.614544, 105.23119, 101.421075 ] }, { "date": "2023-09-01", "close": 107.150002, "volume": 17970, "typical_volume": 188028.65, "trend": 97.688333, "fair_value": 79.114103, "relative_strength": 10.085823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.709784, "energy": 22.53318, "activity_lines": [ 106.423333, 106.413636, 105.82119, 102.057312 ] }, { "date": "2023-09-08", "close": 110.099998, "volume": 88660, "typical_volume": 190900.65, "trend": 98.35, "fair_value": 79.439103, "relative_strength": 10.518856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.517931, "energy": 27.774735, "activity_lines": [ 107.829999, 106.912726, 106.59619, 102.858064 ] }, { "date": "2023-09-15", "close": 107.0, "volume": 11155, "typical_volume": 188899.8, "trend": 98.815, "fair_value": 79.771154, "relative_strength": 4.930473, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.000247, "energy": 23.659624, "activity_lines": [ 107.77, 106.900908, 106.961666, 103.416129 ] }, { "date": "2023-09-22", "close": 107.849998, "volume": 6970, "typical_volume": 188009.35, "trend": 99.313333, "fair_value": 80.114103, "relative_strength": 7.97177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.899888, "energy": 23.514162, "activity_lines": [ 107.989999, 107.184545, 107.288809, 103.999032 ] }, { "date": "2023-09-29", "close": 105.0, "volume": 208128, "typical_volume": 163249.3, "trend": 99.816666, "fair_value": 80.441026, "relative_strength": 4.774729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.204063, "energy": 19.15965, "activity_lines": [ 106.983333, 106.866363, 107.223809, 104.365914 ] }, { "date": "2023-10-06", "close": 106.699997, "volume": 5063, "typical_volume": 159135.15, "trend": 100.386666, "fair_value": 80.777244, "relative_strength": 5.875965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.947946, "energy": 11.857938, "activity_lines": [ 106.743332, 106.922726, 107.269761, 104.81 ] }, { "date": "2023-10-13", "close": 115.0, "volume": 30371, "typical_volume": 150178.15, "trend": 101.183333, "fair_value": 81.175641, "relative_strength": 12.975966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.15268, "energy": 31.147398, "activity_lines": [ 109.299999, 108.44909, 108.013094, 105.752795 ] }, { "date": "2023-10-20", "close": 146.800003, "volume": 643548, "typical_volume": 160909.4, "trend": 103.218333, "fair_value": 81.751282, "relative_strength": 44.071053, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 86.078467, "energy": 76.657011, "activity_lines": [ 122.13, 115.55, 111.696904, 108.695806 ] }, { "date": "2023-10-27", "close": 137.649994, "volume": 281240, "typical_volume": 130230.95, "trend": 104.991666, "fair_value": 82.290705, "relative_strength": 37.115109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.407517, "energy": 78.357125, "activity_lines": [ 129.256665, 120.262726, 114.270475, 110.917204 ] }, { "date": "2023-11-03", "close": 177.100006, "volume": 2133759, "typical_volume": 223475.2, "trend": 107.981667, "fair_value": 83.095834, "relative_strength": 71.811338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.841076, "energy": 93.483587, "activity_lines": [ 147.546667, 131.530909, 120.483333, 115.569355 ] }, { "date": "2023-11-10", "close": 171.800003, "volume": 2560115, "typical_volume": 330255.45, "trend": 110.808333, "fair_value": 83.879167, "relative_strength": 62.508007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.226665, "energy": 91.130413, "activity_lines": [ 159.263335, 140.579092, 125.879048, 119.686667 ] }, { "date": "2023-11-17", "close": 183.899994, "volume": 105683, "typical_volume": 328287.25, "trend": 114.068333, "fair_value": 84.719872, "relative_strength": 68.36215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.062327, "energy": 92.996608, "activity_lines": [ 170.673333, 150.651818, 132.162142, 124.402258 ] }, { "date": "2023-11-24", "close": 174.449997, "volume": 493009, "typical_volume": 345352.7, "trend": 117.151667, "fair_value": 85.470192, "relative_strength": 57.02984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.252563, "energy": 87.500998, "activity_lines": [ 174.339998, 157.664545, 137.207618, 128.297849 ] }, { "date": "2023-12-01", "close": 168.800003, "volume": 471964, "typical_volume": 367412.15, "trend": 120.028333, "fair_value": 86.181731, "relative_strength": 46.513943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.817166, "energy": 67.757171, "activity_lines": [ 174.28, 162.423636, 141.430714, 131.63 ] }, { "date": "2023-12-08", "close": 185.75, "volume": 139325, "typical_volume": 373536.4, "trend": 123.076667, "fair_value": 86.833654, "relative_strength": 53.740543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.739807, "energy": 64.063242, "activity_lines": [ 177.793333, 169.156363, 146.955952, 135.870107 ] }, { "date": "2023-12-15", "close": 191.75, "volume": 77451, "typical_volume": 376856.55, "trend": 126.563333, "fair_value": 87.551923, "relative_strength": 52.985035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.691343, "energy": 62.010935, "activity_lines": [ 182.73, 175.511818, 152.685238, 140.300645 ] }, { "date": "2023-12-22", "close": 179.550003, "volume": 94709, "typical_volume": 379981.2, "trend": 129.331667, "fair_value": 88.24968, "relative_strength": 42.03559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.378307, "energy": 53.030656, "activity_lines": [ 182.270001, 178.102728, 156.837381, 143.71914 ] }, { "date": "2023-12-29", "close": 187.5, "volume": 28735, "typical_volume": 380768.6, "trend": 132.36, "fair_value": 89.042628, "relative_strength": 43.872871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.816666, "energy": 52.967427, "activity_lines": [ 184.750001, 180.965455, 161.385, 147.471935 ] }, { "date": "2024-01-05", "close": 199.050003, "volume": 196204, "typical_volume": 390492.4, "trend": 135.231667, "fair_value": 89.837821, "relative_strength": 50.64638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.664188, "energy": 53.592145, "activity_lines": [ 190.210002, 185.188183, 166.649048, 151.774516 ] }, { "date": "2024-01-12", "close": 219.600006, "volume": 710660, "typical_volume": 415235.95, "trend": 138.835, "fair_value": 90.79968, "relative_strength": 62.289689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.222817, "energy": 59.051905, "activity_lines": [ 200.503337, 192.030911, 173.416191, 157.217635 ] }, { "date": "2024-01-19", "close": 242.350006, "volume": 165572, "typical_volume": 422616.05, "trend": 143.041667, "fair_value": 91.925962, "relative_strength": 78.382209, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.509841, "energy": 87.262968, "activity_lines": [ 216.123338, 202.237276, 181.818573, 163.896022 ] }, { "date": "2024-01-26", "close": 246.949997, "volume": 58395, "typical_volume": 421102.8, "trend": 147.506667, "fair_value": 93.098077, "relative_strength": 80.576855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.226346, "energy": 92.688191, "activity_lines": [ 229.903336, 211.997275, 190.015239, 170.599786 ] }, { "date": "2024-02-02", "close": 259.850006, "volume": 108313, "typical_volume": 425960.7, "trend": 152.343334, "fair_value": 94.350962, "relative_strength": 82.065221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.797187, "energy": 94.780505, "activity_lines": [ 243.490003, 222.956366, 198.788811, 177.847743 ] }, { "date": "2024-02-09", "close": 274.5, "volume": 101734, "typical_volume": 430698.9, "trend": 158.051667, "fair_value": 95.744231, "relative_strength": 88.764091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.144912, "energy": 95.96664, "activity_lines": [ 257.136669, 235.026366, 208.229763, 185.728818 ] }, { "date": "2024-02-16", "close": 257.25, "volume": 35476, "typical_volume": 422066.3, "trend": 163.006667, "fair_value": 97.019872, "relative_strength": 71.622969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.408801, "energy": 88.418755, "activity_lines": [ 260.003335, 242.038184, 215.234287, 192.128711 ] }, { "date": "2024-02-23", "close": 232.550003, "volume": 12820, "typical_volume": 422454.15, "trend": 167.273334, "fair_value": 98.147436, "relative_strength": 51.733363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.380224, "energy": 73.383297, "activity_lines": [ 252.126668, 243.259093, 219.16143, 196.615377 ] }, { "date": "2024-03-01", "close": 197.949997, "volume": 140953, "typical_volume": 427983.25, "trend": 170.418334, "fair_value": 99.038462, "relative_strength": 27.099853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.498856, "energy": 46.63568, "activity_lines": [ 233.37, 237.447274, 219.194049, 198.594517 ] }, { "date": "2024-03-08", "close": 235.949997, "volume": 90192, "typical_volume": 400315.45, "trend": 174.718334, "fair_value": 100.160577, "relative_strength": 48.270693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.303646, "energy": 30.513276, "activity_lines": [ 230.546665, 238.21, 222.450715, 202.822366 ] }, { "date": "2024-03-15", "close": 196.550003, "volume": 77750, "typical_volume": 390140.95, "trend": 177.813334, "fair_value": 101.051282, "relative_strength": 24.927241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.578073, "energy": 26.442357, "activity_lines": [ 216.183333, 230.928182, 221.530477, 204.230861 ] }, { "date": "2024-03-22", "close": 205.649994, "volume": 17628, "typical_volume": 284334.4, "trend": 181.068334, "fair_value": 102.041026, "relative_strength": 28.804663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.225124, "energy": 26.628481, "activity_lines": [ 210.049998, 225.346363, 221.196429, 206.026775 ] }, { "date": "2024-03-29", "close": 200.800003, "volume": 46193, "typical_volume": 158638.3, "trend": 184.19, "fair_value": 102.92468, "relative_strength": 23.117575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.109769, "energy": 16.007895, "activity_lines": [ 205.739999, 219.136363, 220.264524, 207.299786 ] }, { "date": "2024-04-05", "close": 203.0, "volume": 17478, "typical_volume": 154228.05, "trend": 187.286667, "fair_value": 103.866026, "relative_strength": 22.131412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.306578, "energy": 18.707877, "activity_lines": [ 204.28, 214.081818, 219.404048, 208.513334 ] }, { "date": "2024-04-12", "close": 189.300003, "volume": 40867, "typical_volume": 131620.95, "trend": 190.030001, "fair_value": 104.733013, "relative_strength": 12.823943, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.313325, "energy": 21.806808, "activity_lines": [ 197.916668, 207.335455, 217.147858, 208.643227 ] }, { "date": "2024-04-19", "close": 185.5, "volume": 11471, "typical_volume": 108596.3, "trend": 192.618334, "fair_value": 105.58109, "relative_strength": 11.414401, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.366859, "energy": 27.917957, "activity_lines": [ 193.396667, 201.180909, 214.459048, 208.350968 ] }, { "date": "2024-04-26", "close": 182.899994, "volume": 41918, "typical_volume": 103725.95, "trend": 195.215, "fair_value": 106.403846, "relative_strength": 7.519341, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.37823, "energy": 42.537893, "activity_lines": [ 188.746665, 196.171817, 211.443095, 207.723979 ] }, { "date": "2024-05-03", "close": 169.449997, "volume": 39353, "typical_volume": 101821.05, "trend": 197.306667, "fair_value": 107.125641, "relative_strength": -1.37834, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.948654, "energy": 51.246142, "activity_lines": [ 181.129998, 190.06909, 207.159762, 206.061721 ] }, { "date": "2024-05-10", "close": 142.649994, "volume": 44133, "typical_volume": 99292.25, "trend": 198.228334, "fair_value": 107.677244, "relative_strength": -15.67255, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.540072, "energy": 66.513313, "activity_lines": [ 166.669996, 180.240907, 200.430237, 202.535484 ] }, { "date": "2024-05-17", "close": 147.800003, "volume": 39291, "typical_volume": 99820.05, "trend": 198.261667, "fair_value": 108.241987, "relative_strength": -14.60964, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.272742, "energy": 68.625978, "activity_lines": [ 157.949998, 172.354544, 194.366904, 199.282043 ] }, { "date": "2024-05-24", "close": 158.449997, "volume": 26741, "typical_volume": 91346.9, "trend": 198.955, "fair_value": 108.808013, "relative_strength": -10.78993, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.049036, "energy": 74.735056, "activity_lines": [ 155.546664, 168.007271, 189.506904, 196.713548 ] }, { "date": "2024-05-31", "close": 155.449997, "volume": 44179, "typical_volume": 58022.85, "trend": 198.233333, "fair_value": 109.319872, "relative_strength": -11.194509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.997575, "energy": 75.088755, "activity_lines": [ 153.946664, 163.807271, 184.554523, 193.906774 ] }, { "date": "2024-06-07", "close": 157.5, "volume": 24095, "typical_volume": 50949.0, "trend": 197.756667, "fair_value": 109.865385, "relative_strength": -13.103766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.29835, "energy": 64.882915, "activity_lines": [ 154.859999, 160.892725, 180.102856, 191.278817 ] }, { "date": "2024-06-14", "close": 167.369995, "volume": 217978, "typical_volume": 58928.15, "trend": 197.205667, "fair_value": 110.475769, "relative_strength": -8.621901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.585546, "energy": 46.335033, "activity_lines": [ 159.859998, 160.559998, 176.995236, 189.318386 ] }, { "date": "2024-06-21", "close": 174.630005, "volume": 148010, "typical_volume": 60913.0, "trend": 197.211667, "fair_value": 111.144872, "relative_strength": -5.084699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.414914, "energy": 34.281057, "activity_lines": [ 165.632, 162.19509, 174.957999, 187.861892 ] }, { "date": "2024-06-28", "close": 173.820007, "volume": 47337, "typical_volume": 58193.15, "trend": 197.379, "fair_value": 111.842436, "relative_strength": -7.835444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.589964, "energy": 24.805354, "activity_lines": [ 169.345336, 163.949637, 173.249428, 186.352753 ] }, { "date": "2024-07-05", "close": 201.910004, "volume": 77486, "typical_volume": 60293.65, "trend": 197.917667, "fair_value": 112.707885, "relative_strength": 5.071565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.831752, "energy": 19.204934, "activity_lines": [ 181.397337, 171.02382, 174.695524, 186.645075 ] }, { "date": "2024-07-12", "close": 202.059998, "volume": 138133, "typical_volume": 66559.3, "trend": 198.261334, "fair_value": 113.536475, "relative_strength": 3.635412, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.742297, "energy": 22.958742, "activity_lines": [ 190.402002, 177.779637, 176.419428, 186.912323 ] }, { "date": "2024-07-19", "close": 190.279999, "volume": 61729, "typical_volume": 62598.1, "trend": 198.619, "fair_value": 114.279936, "relative_strength": -3.049594, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.551537, "energy": 22.870274, "activity_lines": [ 192.509335, 181.800728, 177.166619, 186.397398 ] }, { "date": "2024-07-26", "close": 188.080002, "volume": 63989, "typical_volume": 61287.95, "trend": 198.638334, "fair_value": 115.029808, "relative_strength": -5.852877, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.643063, "energy": 22.039198, "activity_lines": [ 192.356001, 184.555819, 177.74081, 185.717462 ] }, { "date": "2024-08-02", "close": 209.770004, "volume": 1549123, "typical_volume": 134856.6, "trend": 198.995667, "fair_value": 115.943398, "relative_strength": 4.706522, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.151466, "energy": 27.134314, "activity_lines": [ 198.536002, 190.522184, 180.608667, 186.435635 ] }, { "date": "2024-08-09", "close": 235.520004, "volume": 1700987, "typical_volume": 219024.55, "trend": 199.526334, "fair_value": 117.023654, "relative_strength": 18.083481, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.554974, "energy": 50.237271, "activity_lines": [ 210.902669, 200.237275, 185.865953, 188.792043 ] }, { "date": "2024-08-16", "close": 231.020004, "volume": 906663, "typical_volume": 262048.05, "trend": 199.148667, "fair_value": 118.081475, "relative_strength": 13.925463, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.257829, "energy": 55.225136, "activity_lines": [ 219.52867, 207.678366, 190.55243, 190.823893 ] }, { "date": "2024-08-23", "close": 230.5, "volume": 307294, "typical_volume": 276538.85, "trend": 198.600334, "fair_value": 119.14077, "relative_strength": 11.423427, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.452171, "energy": 63.523027, "activity_lines": [ 226.050669, 213.688184, 195.045477, 192.84656 ] }, { "date": "2024-08-30", "close": 260.410004, "volume": 210305, "typical_volume": 285010.75, "trend": 198.619, "fair_value": 120.401411, "relative_strength": 22.464873, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.173337, "energy": 73.247036, "activity_lines": [ 239.861336, 223.988366, 202.256144, 196.83428 ] }, { "date": "2024-09-06", "close": 256.950012, "volume": 121910, "typical_volume": 290532.7, "trend": 198.034001, "fair_value": 121.596603, "relative_strength": 21.378312, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.137731, "energy": 80.869662, "activity_lines": [ 247.696673, 232.099822, 208.798669, 200.597572 ] }, { "date": "2024-09-13", "close": 258.899994, "volume": 198104, "typical_volume": 298342.0, "trend": 198.089, "fair_value": 122.810705, "relative_strength": 18.552354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.718249, "energy": 80.940418, "activity_lines": [ 253.036669, 239.054366, 215.186669, 204.52441 ] }, { "date": "2024-09-20", "close": 271.5, "volume": 267679, "typical_volume": 309758.3, "trend": 199.387334, "fair_value": 124.116795, "relative_strength": 20.866205, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.935924, "energy": 82.892675, "activity_lines": [ 261.018001, 247.263639, 222.412764, 209.260603 ] }, { "date": "2024-09-27", "close": 298.600006, "volume": 32556, "typical_volume": 309179.45, "trend": 202.742334, "fair_value": 125.523526, "relative_strength": 29.231385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.858828, "energy": 87.805329, "activity_lines": [ 275.334003, 259.137639, 231.73386, 215.661421 ] }, { "date": "2024-10-04", "close": 300.0, "volume": 24682, "typical_volume": 308449.0, "trend": 204.877334, "fair_value": 126.964231, "relative_strength": 33.964858, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.464359, "energy": 89.61625, "activity_lines": [ 285.576668, 269.29673, 240.445669, 221.936109 ] }, { "date": "2024-10-11", "close": 300.799988, "volume": 23403, "typical_volume": 308282.1, "trend": 208.352334, "fair_value": 128.415513, "relative_strength": 32.816468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.053634, "energy": 88.509383, "activity_lines": [ 293.446663, 277.566363, 248.508906, 228.124667 ] }, { "date": "2024-10-18", "close": 295.450012, "volume": 15288, "typical_volume": 306837.55, "trend": 211.345668, "fair_value": 129.851731, "relative_strength": 29.828431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.617135, "energy": 85.013955, "activity_lines": [ 296.610002, 283.208183, 255.384764, 233.743872 ] }, { "date": "2024-10-25", "close": 319.350006, "volume": 40949, "typical_volume": 307680.25, "trend": 215.297334, "fair_value": 131.483782, "relative_strength": 42.448728, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.877375, "energy": 87.794163, "activity_lines": [ 305.303337, 292.105821, 263.870145, 240.711894 ] }, { "date": "2024-11-01", "close": 341.700012, "volume": 46308, "typical_volume": 299096.75, "trend": 219.920668, "fair_value": 133.25718, "relative_strength": 50.133006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.069065, "energy": 90.381924, "activity_lines": [ 318.256673, 303.461095, 273.713384, 248.866906 ] }, { "date": "2024-11-08", "close": 389.950012, "volume": 103354, "typical_volume": 296863.95, "trend": 226.609002, "fair_value": 135.323526, "relative_strength": 69.892236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.454085, "energy": 98.092436, "activity_lines": [ 344.420009, 321.567278, 287.321718, 259.836541 ] }, { "date": "2024-11-15", "close": 405.5, "volume": 182650, "typical_volume": 303629.6, "trend": 233.942335, "fair_value": 137.495962, "relative_strength": 78.431677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.202941, "energy": 97.77634, "activity_lines": [ 369.770007, 340.145459, 301.38567, 271.377896 ] }, { "date": "2024-11-22", "close": 395.049988, "volume": 33619, "typical_volume": 301436.25, "trend": 241.014001, "fair_value": 139.620642, "relative_strength": 68.52213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.6651, "energy": 92.337149, "activity_lines": [ 384.656667, 354.122729, 313.351145, 281.771938 ] }, { "date": "2024-11-29", "close": 406.799988, "volume": 59291, "typical_volume": 297494.15, "trend": 248.925668, "fair_value": 141.819359, "relative_strength": 69.096022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.609462, "energy": 92.59828, "activity_lines": [ 396.819995, 367.760909, 325.515953, 292.467808 ] }, { "date": "2024-12-06", "close": 401.75, "volume": 30736, "typical_volume": 295944.5, "trend": 257.562335, "fair_value": 143.876731, "relative_strength": 60.992499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.99378, "energy": 69.020425, "activity_lines": [ 401.469995, 378.020908, 336.224858, 302.327442 ] }, { "date": "2024-12-13", "close": 391.700012, "volume": 63360, "typical_volume": 295913.05, "trend": 265.692335, "fair_value": 145.906218, "relative_strength": 54.372448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.74006, "energy": 66.962072, "activity_lines": [ 398.766667, 384.578183, 344.969621, 310.981486 ] }, { "date": "2024-12-20", "close": 380.649994, "volume": 107152, "typical_volume": 223814.5, "trend": 273.099002, "fair_value": 147.858782, "relative_strength": 55.275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.862006, "energy": 63.118024, "activity_lines": [ 392.263332, 387.459091, 351.692382, 318.398109 ] }, { "date": "2024-12-27", "close": 373.75, "volume": 44868, "typical_volume": 141008.55, "trend": 280.375668, "fair_value": 149.734103, "relative_strength": 49.064866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.731417, "energy": 51.372964, "activity_lines": [ 385.116667, 387.633636, 356.944287, 324.891722 ] }, { "date": "2025-01-03", "close": 327.149994, "volume": 16344, "typical_volume": 96492.6, "trend": 286.030668, "fair_value": 151.257821, "relative_strength": 28.393058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.705109, "energy": 28.510745, "activity_lines": [ 363.856665, 377.911816, 357.099857, 327.90942 ] }, { "date": "2025-01-10", "close": 327.0, "volume": 178785, "typical_volume": 90067.15, "trend": 291.351668, "fair_value": 152.830577, "relative_strength": 30.545415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.352348, "energy": 25.321896, "activity_lines": [ 347.856665, 368.020907, 356.783381, 330.552603 ] }, { "date": "2025-01-17", "close": 359.0, "volume": 92676, "typical_volume": 84185.7, "trend": 297.497335, "fair_value": 154.622565, "relative_strength": 43.629015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.377074, "energy": 23.304874, "activity_lines": [ 347.506665, 364.215453, 359.055, 334.917011 ] }, { "date": "2025-01-24", "close": 396.25, "volume": 195862, "typical_volume": 87883.3, "trend": 304.911668, "fair_value": 156.676731, "relative_strength": 57.718956, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.536948, "energy": 25.002898, "activity_lines": [ 361.753333, 367.745453, 364.404762, 341.288151 ] }, { "date": "2025-01-31", "close": 399.5, "volume": 58463, "typical_volume": 80901.25, "trend": 311.498001, "fair_value": 158.753975, "relative_strength": 54.800896, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.175006, "energy": 34.068175, "activity_lines": [ 376.043333, 372.034545, 369.400714, 347.390624 ] }, { "date": "2025-02-07", "close": 395.899994, "volume": 33970, "typical_volume": 69215.8, "trend": 317.959334, "fair_value": 160.85077, "relative_strength": 51.951764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.023257, "energy": 43.696582, "activity_lines": [ 387.416665, 375.58818, 373.384285, 352.835914 ] }, { "date": "2025-02-14", "close": 358.149994, "volume": 1743, "typical_volume": 67675.15, "trend": 323.555001, "fair_value": 162.694359, "relative_strength": 40.280763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.013621, "energy": 34.565097, "activity_lines": [ 381.62333, 372.476361, 373.180237, 355.42886 ] }, { "date": "2025-02-21", "close": 323.799988, "volume": 863, "typical_volume": 66484.2, "trend": 328.079, "fair_value": 164.371603, "relative_strength": 26.750744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 4.744547, "energy": 8.137118, "activity_lines": [ 362.303327, 363.911814, 369.421188, 355.444665 ] }, { "date": "2025-02-28", "close": 285.450012, "volume": 60635, "typical_volume": 68345.8, "trend": 330.601667, "fair_value": 165.786987, "relative_strength": 14.335793, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -17.009949, "energy": 28.590429, "activity_lines": [ 332.546665, 349.609089, 361.896427, 352.694408 ] }, { "date": "2025-03-07", "close": 284.399994, "volume": 24814, "typical_volume": 68822.1, "trend": 332.231, "fair_value": 167.157821, "relative_strength": 11.351863, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -36.763517, "energy": 53.931469, "activity_lines": [ 309.826664, 336.846361, 354.34476, 349.713655 ] }, { "date": "2025-03-14", "close": 235.399994, "volume": 32973, "typical_volume": 68423.3, "trend": 332.377, "fair_value": 168.224487, "relative_strength": -7.443366, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.050485, "energy": 77.353123, "activity_lines": [ 278.446663, 316.799088, 342.179045, 343.466493 ] }, { "date": "2025-03-21", "close": 254.350006, "volume": 152565, "typical_volume": 73736.15, "trend": 333.172, "fair_value": 169.412949, "relative_strength": -4.331854, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.914239, "energy": 75.996633, "activity_lines": [ 264.083333, 301.865453, 332.217855, 338.432494 ] }, { "date": "2025-03-28", "close": 217.550003, "volume": 100953, "typical_volume": 73616.1, "trend": 331.743333, "fair_value": 170.245321, "relative_strength": -18.796296, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.204531, "energy": 90.922437, "activity_lines": [ 244.373335, 281.561818, 319.167856, 330.97301 ] }, { "date": "2025-04-04", "close": 222.309998, "volume": 22900, "typical_volume": 65628.6, "trend": 330.588666, "fair_value": 170.955962, "relative_strength": -14.890873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.986842, "energy": 89.977246, "activity_lines": [ 233.333333, 264.695454, 307.392142, 323.912795 ] }, { "date": "2025-04-11", "close": 211.360001, "volume": 12640, "typical_volume": 64579.65, "trend": 329.004, "fair_value": 171.545449, "relative_strength": -18.930485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.55094, "energy": 89.322266, "activity_lines": [ 222.852667, 249.000727, 295.445904, 316.220623 ] }, { "date": "2025-04-18", "close": 209.970001, "volume": 48373, "typical_volume": 64033.75, "trend": 326.953, "fair_value": 172.111282, "relative_strength": -22.973609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.520651, "energy": 86.818194, "activity_lines": [ 216.778001, 236.474, 284.241999, 308.54101 ] }, { "date": "2025-04-25", "close": 204.320007, "volume": 23969, "typical_volume": 63695.4, "trend": 323.810333, "fair_value": 172.585449, "relative_strength": -25.674226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.064427, "energy": 84.460065, "activity_lines": [ 210.515336, 226.300547, 273.437286, 300.629204 ] }, { "date": "2025-05-02", "close": 187.350006, "volume": 64684, "typical_volume": 63761.6, "trend": 320.055333, "fair_value": 172.901475, "relative_strength": -32.725412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.422203, "energy": 78.917066, "activity_lines": [ 201.931337, 215.838548, 261.956524, 291.825312 ] }, { "date": "2025-05-09", "close": 169.509995, "volume": 928476, "typical_volume": 104827.8, "trend": 315.679, "fair_value": 173.293846, "relative_strength": -38.334224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.368957, "energy": 73.697876, "activity_lines": [ 189.414002, 204.61382, 249.74981, 282.112709 ] }, { "date": "2025-05-16", "close": 173.860001, "volume": 346623, "typical_volume": 119915.55, "trend": 311.626, "fair_value": 173.591987, "relative_strength": -39.347204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.409074, "energy": 76.353499, "activity_lines": [ 181.866668, 196.288001, 238.96281, 272.963097 ] }, { "date": "2025-05-23", "close": 176.860001, "volume": 96429, "typical_volume": 123919.8, "trend": 306.876333, "fair_value": 173.998141, "relative_strength": -37.909228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.283203, "energy": 70.221242, "activity_lines": [ 177.819334, 190.517456, 229.413381, 264.268516 ] }, { "date": "2025-05-30", "close": 169.550003, "volume": 51686, "typical_volume": 117564.85, "trend": 301.138, "fair_value": 174.32218, "relative_strength": -40.224249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.741392, "energy": 72.721007, "activity_lines": [ 173.542668, 184.482183, 219.883429, 255.408753 ] }, { "date": "2025-06-06", "close": 175.949997, "volume": 74305, "typical_volume": 116646.3, "trend": 294.004666, "fair_value": 174.733398, "relative_strength": -38.622263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.679495, "energy": 67.090269, "activity_lines": [ 173.717333, 181.152364, 211.712762, 247.332107 ] }, { "date": "2025-06-13", "close": 173.0, "volume": 469366, "typical_volume": 130321.5, "trend": 286.254666, "fair_value": 175.232436, "relative_strength": -38.94316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.10157, "energy": 64.245492, "activity_lines": [ 173.668667, 178.042546, 204.13281, 239.525355 ] }, { "date": "2025-06-20", "close": 170.360001, "volume": 631982, "typical_volume": 158997.45, "trend": 278.764999, "fair_value": 175.704616, "relative_strength": -40.753456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.881781, "energy": 66.282891, "activity_lines": [ 172.507334, 175.349273, 197.364524, 232.04828 ] }, { "date": "2025-06-27", "close": 169.559998, "volume": 228558, "typical_volume": 168726.85, "trend": 270.857, "fair_value": 176.183205, "relative_strength": -42.17937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.825257, "energy": 72.466124, "activity_lines": [ 171.312666, 173.256, 191.611191, 225.002796 ] }, { "date": "2025-07-04", "close": 168.350006, "volume": 176321, "typical_volume": 177455.75, "trend": 263.077, "fair_value": 176.741218, "relative_strength": -42.028739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.210326, "energy": 72.051211, "activity_lines": [ 170.201335, 171.677455, 186.82043, 218.389441 ] }, { "date": "2025-07-11", "close": 167.100006, "volume": 9871, "typical_volume": 177906.15, "trend": 255.590333, "fair_value": 177.27327, "relative_strength": -41.589475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.935893, "energy": 67.650853, "activity_lines": [ 168.753337, 170.525638, 182.81443, 212.197377 ] }, { "date": "2025-07-18", "close": 170.910004, "volume": 19645, "typical_volume": 175856.65, "trend": 248.599, "fair_value": 177.862757, "relative_strength": -39.730621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.189032, "energy": 64.573649, "activity_lines": [ 169.165337, 170.43473, 179.917478, 206.73413 ] }, { "date": "2025-07-25", "close": 166.100006, "volume": 11040, "typical_volume": 175167.95, "trend": 241.677334, "fair_value": 178.423654, "relative_strength": -41.028496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.247384, "energy": 63.72317, "activity_lines": [ 168.113338, 169.443821, 177.107859, 201.411614 ] }, { "date": "2025-08-01", "close": 158.5, "volume": 7778, "typical_volume": 173908.2, "trend": 236.055667, "fair_value": 178.961154, "relative_strength": -42.90752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.52511, "energy": 67.170412, "activity_lines": [ 164.812004, 167.212185, 174.137764, 196.045335 ] }, { "date": "2025-08-08", "close": 168.949997, "volume": 17309, "typical_volume": 167145.4, "trend": 230.787334, "fair_value": 179.573975, "relative_strength": -38.352226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.398534, "energy": 60.321587, "activity_lines": [ 165.731334, 167.214366, 172.529097, 191.715937 ] }, { "date": "2025-08-15", "close": 170.399994, "volume": 35603, "typical_volume": 163877.9, "trend": 224.500667, "fair_value": 180.201539, "relative_strength": -38.236146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.541802, "energy": 54.03144, "activity_lines": [ 167.093998, 167.491091, 171.465191, 187.819979 ] }, { "date": "2025-08-22", "close": 171.0, "volume": 9565, "typical_volume": 163211.15, "trend": 216.992334, "fair_value": 180.851859, "relative_strength": -38.358747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.874922, "energy": 44.519268, "activity_lines": [ 168.436665, 167.977818, 170.682953, 184.368323 ] }, { "date": "2025-08-29", "close": 170.0, "volume": 4598, "typical_volume": 162809.05, "trend": 209.342334, "fair_value": 181.490641, "relative_strength": -37.243743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.398919, "energy": 34.779015, "activity_lines": [ 169.439998, 168.319091, 170.04981, 181.33656 ] }, { "date": "2025-09-05", "close": 180.929993, "volume": 25180, "typical_volume": 161649.4, "trend": 202.176667, "fair_value": 182.123846, "relative_strength": -33.709098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.360182, "energy": 19.803553, "activity_lines": [ 173.826663, 170.65418, 170.654571, 179.503506 ] }, { "date": "2025-09-12", "close": 185.470001, "volume": 127241, "typical_volume": 166813.0, "trend": 196.420667, "fair_value": 182.856026, "relative_strength": -32.723616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.441777, "energy": 12.417605, "activity_lines": [ 178.231331, 173.607999, 171.83, 178.425656 ] }, { "date": "2025-09-19", "close": 186.520004, "volume": 107887, "typical_volume": 168973.15, "trend": 191.844668, "fair_value": 183.598782, "relative_strength": -32.538119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.664345, "energy": 20.387421, "activity_lines": [ 181.884667, 176.441454, 173.195191, 177.786904 ] }, { "date": "2025-09-26", "close": 189.809998, "volume": 46335, "typical_volume": 124866.1, "trend": 188.656667, "fair_value": 184.377693, "relative_strength": -29.012363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.654473, "energy": 27.648111, "activity_lines": [ 185.56, 179.519999, 174.877667, 177.655635 ] }, { "date": "2025-10-03", "close": 198.300003, "volume": 122212, "typical_volume": 113645.55, "trend": 185.786667, "fair_value": 185.188911, "relative_strength": -26.022518, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.415546, "energy": 44.403182, "activity_lines": [ 190.811334, 183.798545, 177.272048, 178.277786 ] }, { "date": "2025-10-10", "close": 198.589996, "volume": 41723, "typical_volume": 110910.25, "trend": 184.559668, "fair_value": 185.969295, "relative_strength": -26.509614, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.27416, "energy": 58.902248, "activity_lines": [ 194.272666, 187.544363, 179.577667, 179.103807 ] }, { "date": "2025-10-17", "close": 199.240005, "volume": 185075, "typical_volume": 117579.7, "trend": 182.722668, "fair_value": 186.752885, "relative_strength": -26.942483, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.519573, "energy": 54.25296, "activity_lines": [ 196.773335, 190.679455, 181.841715, 180.050925 ] }, { "date": "2025-10-24", "close": 193.220001, "volume": 104665, "typical_volume": 119097.7, "trend": 181.911667, "fair_value": 187.503334, "relative_strength": -28.644729, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.134522, "energy": 43.208642, "activity_lines": [ 196.349334, 192.169273, 183.391048, 180.728173 ] }, { "date": "2025-10-31", "close": 198.220001, "volume": 98724, "typical_volume": 100565.6, "trend": 181.108668, "fair_value": 188.245129, "relative_strength": -25.725939, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.627159, "energy": 44.956736, "activity_lines": [ 197.145335, 194.153274, 185.334334, 181.780323 ] }, { "date": "2025-11-07", "close": 184.630005, "volume": 71444, "typical_volume": 72538.7, "trend": 180.217668, "fair_value": 188.890834, "relative_strength": -29.022957, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.606446, "energy": 28.704177, "activity_lines": [ 192.850669, 193.171456, 185.863239, 182.007506 ] }, { "date": "2025-11-14", "close": 184.929993, "volume": 63350, "typical_volume": 64278.3, "trend": 179.383001, "fair_value": 189.552564, "relative_strength": -28.697461, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.950645, "energy": 19.078735, "activity_lines": [ 189.567333, 191.978182, 186.352762, 182.311527 ] }, { "date": "2025-11-21", "close": 171.289993, "volume": 96956, "typical_volume": 60310.05, "trend": 178.282, "fair_value": 190.0775, "relative_strength": -33.077414, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.044014, "energy": 14.469699, "activity_lines": [ 182.647997, 188.232181, 185.470047, 181.789398 ] }, { "date": "2025-11-28", "close": 170.240005, "volume": 180093, "typical_volume": 68821.15, "trend": 177.711667, "fair_value": 190.620064, "relative_strength": -32.459202, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.179348, "energy": 19.97773, "activity_lines": [ 177.241999, 184.553091, 184.473333, 181.270559 ] }, { "date": "2025-12-05", "close": 168.600006, "volume": 162466, "typical_volume": 75962.2, "trend": 177.681334, "fair_value": 191.127436, "relative_strength": -31.724408, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.806624, "energy": 27.099758, "activity_lines": [ 172.821335, 180.871819, 183.305477, 180.68271 ] }, { "date": "2025-12-12", "close": 171.419998, "volume": 62955, "typical_volume": 78557.95, "trend": 177.6, "fair_value": 191.665385, "relative_strength": -28.871328, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.524363, "energy": 32.597943, "activity_lines": [ 171.315334, 178.088909, 182.417191, 180.278753 ] }, { "date": "2025-12-19", "close": 164.970001, "volume": 46417, "typical_volume": 80489.9, "trend": 177.203667, "fair_value": 192.235385, "relative_strength": -29.909941, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.438868, "energy": 44.926498, "activity_lines": [ 168.540001, 174.622001, 180.889286, 179.463914 ] }, { "date": "2025-12-26", "close": 165.259995, "volume": 42935, "typical_volume": 81771.2, "trend": 177.060667, "fair_value": 192.751475, "relative_strength": -28.574653, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.581864, "energy": 42.655707, "activity_lines": [ 167.191999, 171.81909, 179.35819, 178.693355 ] }, { "date": "2026-01-02", "close": 167.089996, "volume": 52447, "typical_volume": 82613.4, "trend": 176.765334, "fair_value": 193.302372, "relative_strength": -27.424918, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.050854, "energy": 36.587788, "activity_lines": [ 166.855998, 169.966726, 178.018952, 178.050086 ] }, { "date": "2026-01-09", "close": 148.820007, "volume": 72669, "typical_volume": 85768.6, "trend": 175.959334, "fair_value": 193.666282, "relative_strength": -32.525455, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.389576, "energy": 53.367072, "activity_lines": [ 160.64, 165.267637, 174.955476, 176.247161 ] }, { "date": "2026-01-16", "close": 146.850006, "volume": 44759, "typical_volume": 87776.65, "trend": 175.175667, "fair_value": 193.931667, "relative_strength": -31.96069, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.030192, "energy": 69.982152, "activity_lines": [ 155.086002, 161.108547, 171.810001, 174.36914 ] }, { "date": "2026-01-23", "close": 147.25, "volume": 49707, "typical_volume": 89003.0, "trend": 174.432001, "fair_value": 194.282629, "relative_strength": -28.161345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.72357, "energy": 71.200204, "activity_lines": [ 151.303335, 157.709092, 168.812858, 172.567484 ] }, { "date": "2026-01-30", "close": 142.949997, "volume": 389019, "typical_volume": 102091.9, "trend": 173.585334, "fair_value": 194.589039, "relative_strength": -29.117959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.6832, "energy": 71.650391, "activity_lines": [ 147.268668, 154.21291, 165.566572, 170.536387 ] }, { "date": "2026-02-06", "close": 138.460007, "volume": 92449, "typical_volume": 101320.0, "trend": 172.630667, "fair_value": 194.898077, "relative_strength": -30.423517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.842253, "energy": 71.931366, "activity_lines": [ 143.224669, 150.415638, 162.095144, 168.270237 ] }, { "date": "2026-02-13", "close": 124.68, "volume": 626930, "typical_volume": 130349.75, "trend": 171.089667, "fair_value": 195.100834, "relative_strength": -35.0715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.773724, "energy": 77.821796, "activity_lines": [ 136.496002, 144.690729, 157.540191, 165.176646 ] }, { "date": "2026-02-20", "close": 129.479996, "volume": 69213, "typical_volume": 127699.8, "trend": 169.869, "fair_value": 195.335321, "relative_strength": -31.232499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.836077, "energy": 75.751167, "activity_lines": [ 132.976666, 140.637091, 153.752524, 162.492151 ] }, { "date": "2026-02-27", "close": 131.050003, "volume": 88076, "typical_volume": 130017.45, "trend": 168.954, "fair_value": 195.599103, "relative_strength": -27.863254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.802983, "energy": 74.210649, "activity_lines": [ 131.138667, 137.631456, 150.442096, 159.987699 ] }, { "date": "2026-03-06", "close": 131.929993, "volume": 82199, "typical_volume": 124873.65, "trend": 167.72, "fair_value": 195.870449, "relative_strength": -23.749743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.988339, "energy": 57.050256, "activity_lines": [ 130.673998, 135.402545, 147.537095, 157.599054 ] }, { "date": "2026-03-13", "close": 131.389999, "volume": 85051, "typical_volume": 123892.95, "trend": 166.419667, "fair_value": 196.128718, "relative_strength": -18.732028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.238598, "energy": 47.453656, "activity_lines": [ 130.763998, 133.681454, 144.90119, 155.255183 ] }, { "date": "2026-03-20", "close": 133.070007, "volume": 90421, "typical_volume": 123477.8, "trend": 165.155334, "fair_value": 196.432052, "relative_strength": -16.37997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.942683, "energy": 42.108053, "activity_lines": [ 131.885334, 132.91491, 142.719715, 153.103592 ] }, { "date": "2026-03-27", "close": 133.460007, "volume": 105512, "typical_volume": 125181.2, "trend": 163.937334, "fair_value": 196.746218, "relative_strength": -14.23627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.464471, "energy": 33.686072, "activity_lines": [ 132.577337, 132.505638, 140.88562, 151.058732 ] }, { "date": "2026-04-03", "close": 132.059998, "volume": 131418, "typical_volume": 128584.6, "trend": 162.308334, "fair_value": 197.0325, "relative_strength": -13.791901, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.686332, "energy": 30.325423, "activity_lines": [ 132.537335, 132.085274, 139.161858, 149.00213 ] }, { "date": "2026-04-10", "close": 149.529999, "volume": 376426, "typical_volume": 142558.1, "trend": 161.110334, "fair_value": 197.433334, "relative_strength": -7.0096, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -32.224169, "energy": 18.764711, "activity_lines": [ 138.253335, 135.117455, 139.353667, 148.177721 ] }, { "date": "2026-04-17", "close": 165.25, "volume": 382637, "typical_volume": 152685.3, "trend": 160.401334, "fair_value": 197.940706, "relative_strength": 2.080466, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -4.781827, "energy": 11.792913, "activity_lines": [ 148.036001, 140.888182, 141.146239, 148.444796 ] }, { "date": "2026-04-24", "close": 164.649994, "volume": 614990, "typical_volume": 175311.5, "trend": 159.562667, "fair_value": 198.470834, "relative_strength": 4.133811, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 4.746148, "energy": 18.795322, "activity_lines": [ 155.361331, 146.062727, 142.905429, 148.718903 ] }, { "date": "2026-05-01", "close": 166.100006, "volume": 384287, "typical_volume": 191378.1, "trend": 158.489334, "fair_value": 199.006731, "relative_strength": 4.850613, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.527321, "energy": 32.977277, "activity_lines": [ 161.064667, 150.774182, 144.821524, 149.140667 ] }, { "date": "2026-05-08", "close": 160.470001, "volume": 460292, "typical_volume": 212071.85, "trend": 157.218667, "fair_value": 199.430898, "relative_strength": 0.672415, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.205541, "energy": 37.088759, "activity_lines": [ 162.715334, 153.796183, 146.226763, 149.268452 ] }, { "date": "2026-05-15", "close": 163.389999, "volume": 484627, "typical_volume": 234156.45, "trend": 156.023667, "fair_value": 199.919616, "relative_strength": 4.825282, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.766382, "energy": 42.060296, "activity_lines": [ 163.445334, 156.814182, 147.931524, 149.666603 ] }, { "date": "2026-05-22", "close": 173.050003, "volume": 501717, "typical_volume": 256619.95, "trend": 155.351334, "fair_value": 200.410321, "relative_strength": 10.610069, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.282306, "energy": 36.484675, "activity_lines": [ 166.471335, 161.016546, 150.565191, 150.765076 ] }, { "date": "2026-05-29", "close": 149.360001, "volume": 392556, "typical_volume": 272614.3, "trend": 153.722667, "fair_value": 200.748206, "relative_strength": -3.694111, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.780643, "energy": 17.407473, "activity_lines": [ 161.080668, 160.154183, 150.914286, 150.378538 ] }, { "date": "2026-06-05", "close": 136.5, "volume": 103503, "typical_volume": 275551.5, "trend": 152.118334, "fair_value": 200.899488, "relative_strength": -10.993468, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.379462, "energy": 8.138486, "activity_lines": [ 152.422667, 156.657455, 150.036048, 149.267399 ] }, { "date": "2026-06-12", "close": 136.889999, "volume": 92053, "typical_volume": 277668.8, "trend": 150.517001, "fair_value": 201.062244, "relative_strength": -11.394658, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.305299, "energy": 16.852537, "activity_lines": [ 145.868, 153.176364, 149.244239, 148.284925 ] }, { "date": "2026-06-19", "close": 127.540001, "volume": 187819, "typical_volume": 267608.8, "trend": 149.058667, "fair_value": 201.135257, "relative_strength": -18.434917, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.018836, "energy": 35.841592, "activity_lines": [ 137.768667, 147.907455, 147.611286, 146.802538 ] }, { "date": "2026-06-26", "close": 128.720001, "volume": 0, "typical_volume": 262986.35, "trend": 147.674667, "fair_value": 201.236026, "relative_strength": -17.519475, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.262931, "energy": 50.808275, "activity_lines": [ 132.452667, 143.25291, 146.164096, 145.490366 ] }, { "date": "2026-07-03", "close": 132.479996, "volume": 94521, "typical_volume": 236365.9, "trend": 146.470667, "fair_value": 201.34968, "relative_strength": -15.572895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.578131, "energy": 54.348125, "activity_lines": [ 131.345332, 139.946182, 145.121381, 144.510065 ] }, { "date": "2026-07-10", "close": 127.5, "volume": 474669, "typical_volume": 256638.7, "trend": 145.006667, "fair_value": 201.505129, "relative_strength": -18.196827, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.765978, "energy": 56.985289, "activity_lines": [ 129.703333, 136.318909, 143.567238, 143.286151 ] }, { "date": "2026-07-17", "close": 128.729996, "volume": 502129, "typical_volume": 277341.35, "trend": 143.798667, "fair_value": 201.634167, "relative_strength": -17.456718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.630894, "energy": 53.653567, "activity_lines": [ 129.071331, 133.61709, 142.139666, 142.236043 ] }, { "date": "2026-07-24", "close": 132.020004, "volume": 456288, "typical_volume": 296045.8, "trend": 142.690667, "fair_value": 201.810257, "relative_strength": -13.032505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.751159, "energy": 41.178836, "activity_lines": [ 130.08, 132.090545, 141.036476, 141.476129 ] }, { "date": "2026-07-31", "close": 132.0, "volume": 559847, "typical_volume": 319785.6, "trend": 141.521001, "fair_value": 201.992308, "relative_strength": -14.977032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.257121, "energy": 34.603424, "activity_lines": [ 130.783333, 131.130727, 139.930952, 140.786409 ] }, { "date": "2026-08-07", "close": 144.860001, "volume": 1094951, "typical_volume": 370012.1, "trend": 141.389, "fair_value": 202.235321, "relative_strength": -7.112571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.670013, "energy": 16.260671, "activity_lines": [ 135.554667, 133.255455, 140.047286, 141.001828 ] } ], "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." } } }