{ "ticker": { "uuid": "42b58867-1667-46cf-a5ab-c85c39960a48", "symbol": "ICON", "name": "iCon Group Ltd", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.875, "architecture_energy": 65.55, "architecture_maturity": 69.003, "architecture_confidence": 96, "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": 21.84, "rotation_up": 29.96, "upward_expansion": 12.0, "deceleration": 54.45, "rotation_down": 49.26, "downward_expansion": 80.67 }, "activity_lines": [ 7.4682, 7.482636, 147.138991, 263.863708 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 7.271, "trend_reference": 387.421452, "distance_from_trend": -0.981232, "trend_direction": "Weakening", "fair_value": 474.748551, "distance_from_fair_value": -0.984685, "fair_value_direction": "Weakening", "relative_strength": -98.57565, "relative_strength_direction": "Weakening", "price_momentum": -0.985311, "excess_performance": -1.014211, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.981232, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.312655, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.984685, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.234884, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.985757, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.838191, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.985311, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.340305, "read": "Supply-led" } ], "volume": { "latest": 18536, "relative_activity": 0.996728, "balance": 0.340305, "dry_up": 0.699782, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 8.435174, "annualized_volatility": 6.372761, "from_high_reference": -0.989966, "from_low_reference": 0.04845 }, "levels": { "trend_reference": 387.421452, "fair_value_reference": 474.748551, "structural_low": 6.935, "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": 12, "median_return": 0.053833, "positive_rate": 0.583333, "directional_follow_through": 0.333333, "median_excess_return": 0.00996, "regime_survival": 0.666667, "best_return": 0.173708, "worst_return": -0.10857, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.021524, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.036685, "regime_survival": 0.25, "best_return": 0.177617, "worst_return": -0.098018, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.176686, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.170023, "regime_survival": 0.0, "best_return": 0.18175, "worst_return": -0.024452, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.072781, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.353032, "regime_survival": 0.0, "best_return": -0.072781, "worst_return": -0.072781, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": 0.052064, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-11-29", "tenure": "New", "return": -0.075936, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-03-21", "tenure": "Established", "return": 0.199298, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-06-13", "tenure": "Developing", "return": 0.098437, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.082326, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": -0.236877, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-09-12", "tenure": "Developing", "return": -0.056068, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-19", "end": "2025-10-17", "tenure": "Developing", "return": 0.091326, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": -0.091583, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": -0.168414, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-03-06", "tenure": "Developing", "return": 0.265327, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-05-22", "tenure": "Developing", "return": 0.158579, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": -0.008183, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.022069, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 597.570251, "volume": 22379, "typical_volume": 13343.95, "trend": 608.953014, "fair_value": 890.942218, "relative_strength": -5.719643, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.325895, "energy": 17.018349, "activity_lines": [ 642.026184, 643.601384, 638.322679, 623.233155 ] }, { "date": "2023-08-25", "close": 588.886658, "volume": 790, "typical_volume": 12940.8, "trend": 608.313681, "fair_value": 887.586045, "relative_strength": -6.86651, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -2.746433, "energy": 6.321873, "activity_lines": [ 621.997388, 634.026761, 634.7995, 621.938551 ] }, { "date": "2023-09-01", "close": 588.986389, "volume": 56606, "typical_volume": 15557.1, "trend": 607.02909, "fair_value": 884.30473, "relative_strength": -6.709552, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -8.203219, "energy": 23.704037, "activity_lines": [ 607.238599, 625.167135, 631.011763, 620.691629 ] }, { "date": "2023-09-08", "close": 594.575867, "volume": 23623, "typical_volume": 15852.6, "trend": 606.379835, "fair_value": 881.155503, "relative_strength": -4.377765, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.467388, "energy": 33.397973, "activity_lines": [ 596.665251, 618.198489, 627.678063, 619.888195 ] }, { "date": "2023-09-15", "close": 573.914917, "volume": 16710, "typical_volume": 16309.55, "trend": 605.321268, "fair_value": 877.851841, "relative_strength": -8.084448, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.261492, "energy": 51.078403, "activity_lines": [ 586.012052, 608.021361, 622.313441, 617.793684 ] }, { "date": "2023-09-22", "close": 555.849121, "volume": 23882, "typical_volume": 15029.15, "trend": 605.074073, "fair_value": 874.42628, "relative_strength": -11.333425, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.383551, "energy": 59.658343, "activity_lines": [ 575.032821, 595.762724, 615.263913, 614.601933 ] }, { "date": "2023-09-29", "close": 541.476318, "volume": 31284, "typical_volume": 16343.55, "trend": 603.579473, "fair_value": 870.921544, "relative_strength": -12.415581, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.563434, "energy": 65.634763, "activity_lines": [ 562.044063, 582.447906, 607.25002, 610.498852 ] }, { "date": "2023-10-06", "close": 552.156128, "volume": 9851, "typical_volume": 16710.6, "trend": 602.610491, "fair_value": 867.601071, "relative_strength": -9.701003, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.02666, "energy": 62.784496, "activity_lines": [ 555.775932, 573.365086, 600.676261, 607.181217 ] }, { "date": "2023-10-13", "close": 508.03949, "volume": 16238, "typical_volume": 17256.85, "trend": 601.401592, "fair_value": 863.89425, "relative_strength": -10.913218, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.789096, "energy": 81.420836, "activity_lines": [ 537.257605, 557.564049, 590.360525, 601.079862 ] }, { "date": "2023-10-20", "close": 467.017029, "volume": 15687, "typical_volume": 17827.55, "trend": 599.929524, "fair_value": 859.844483, "relative_strength": -15.590977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.551067, "energy": 91.141656, "activity_lines": [ 510.834216, 537.734263, 576.801871, 592.40989 ] }, { "date": "2023-10-27", "close": 388.565369, "volume": 39525, "typical_volume": 19110.9, "trend": 595.902268, "fair_value": 855.084088, "relative_strength": -26.672947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.240359, "energy": 97.341831, "activity_lines": [ 465.3868, 507.137563, 556.596738, 578.773493 ] }, { "date": "2023-11-03", "close": 385.571045, "volume": 26897, "typical_volume": 19723.2, "trend": 591.043471, "fair_value": 850.388957, "relative_strength": -30.351363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.035056, "energy": 96.934641, "activity_lines": [ 430.093526, 479.79653, 537.246656, 565.203737 ] }, { "date": "2023-11-10", "close": 412.220673, "volume": 2697, "typical_volume": 19624.5, "trend": 585.699342, "fair_value": 846.050657, "relative_strength": -26.024724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.108016, "energy": 89.690247, "activity_lines": [ 414.077147, 460.997531, 521.585315, 553.666782 ] }, { "date": "2023-11-17", "close": 416.312958, "volume": 9790, "typical_volume": 19745.65, "trend": 580.19974, "fair_value": 841.837543, "relative_strength": -25.694729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.587838, "energy": 88.859963, "activity_lines": [ 408.753892, 446.156506, 507.384548, 542.738628 ] }, { "date": "2023-11-24", "close": 422.002136, "volume": 8822, "typical_volume": 18668.75, "trend": 574.88645, "fair_value": 837.761471, "relative_strength": -27.466197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.034463, "energy": 87.531709, "activity_lines": [ 411.442133, 435.591021, 494.718018, 532.532331 ] }, { "date": "2023-12-01", "close": 439.069916, "volume": 8506, "typical_volume": 18249.9, "trend": 568.162497, "fair_value": 833.927898, "relative_strength": -23.217764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.599784, "energy": 64.809574, "activity_lines": [ 422.820626, 430.890819, 484.715502, 523.769974 ] }, { "date": "2023-12-08", "close": 449.749695, "volume": 4251, "typical_volume": 16869.0, "trend": 562.143877, "fair_value": 830.269058, "relative_strength": -22.216938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.896385, "energy": 55.660187, "activity_lines": [ 434.392076, 430.255653, 476.694001, 516.130439 ] }, { "date": "2023-12-15", "close": 476.099915, "volume": 4457, "typical_volume": 16544.0, "trend": 556.39142, "fair_value": 826.92784, "relative_strength": -18.266212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.584819, "energy": 43.973203, "activity_lines": [ 450.468356, 436.079193, 472.218655, 510.579215 ] }, { "date": "2023-12-22", "close": 493.367249, "volume": 18119, "typical_volume": 17065.55, "trend": 551.254463, "fair_value": 823.810451, "relative_strength": -16.173371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.888944, "energy": 32.66831, "activity_lines": [ 468.041797, 446.425089, 470.09125, 506.51314 ] }, { "date": "2023-12-29", "close": 467.116852, "volume": 167963, "typical_volume": 25403.85, "trend": 545.482042, "fair_value": 820.507733, "relative_strength": -20.288496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.365523, "energy": 30.29576, "activity_lines": [ 471.728154, 452.264953, 466.431976, 501.084907 ] }, { "date": "2024-01-05", "close": 488.77594, "volume": 23270, "typical_volume": 25448.4, "trend": 540.840816, "fair_value": 817.464322, "relative_strength": -17.190153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.609365, "energy": 27.866011, "activity_lines": [ 479.626559, 462.041019, 465.750885, 497.426449 ] }, { "date": "2024-01-12", "close": 476.099915, "volume": 4182, "typical_volume": 25618.0, "trend": 535.803674, "fair_value": 814.361009, "relative_strength": -18.330176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.869688, "energy": 21.609655, "activity_lines": [ 479.985887, 467.690342, 464.380621, 493.249616 ] }, { "date": "2024-01-19", "close": 485.482147, "volume": 4252, "typical_volume": 23000.3, "trend": 530.749897, "fair_value": 811.398136, "relative_strength": -15.343932, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.627982, "energy": 17.363677, "activity_lines": [ 481.715945, 473.399546, 464.440983, 490.003066 ] }, { "date": "2024-01-26", "close": 481.190277, "volume": 2856, "typical_volume": 21961.95, "trend": 525.965609, "fair_value": 808.449852, "relative_strength": -15.110178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.973787, "energy": 17.577278, "activity_lines": [ 481.389897, 476.996383, 464.585473, 486.805671 ] }, { "date": "2024-02-02", "close": 533.990356, "volume": 50904, "typical_volume": 23671.65, "trend": 522.428959, "fair_value": 806.021007, "relative_strength": -5.020049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 18.862562, "energy": 26.327938, "activity_lines": [ 499.475673, 489.013647, 470.298473, 487.323397 ] }, { "date": "2024-02-09", "close": 503.847412, "volume": 6885, "typical_volume": 22821.8, "trend": 517.840967, "fair_value": 803.370361, "relative_strength": -10.666191, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.48344, "energy": 26.651309, "activity_lines": [ 503.055568, 493.514226, 473.330834, 486.124587 ] }, { "date": "2024-02-16", "close": 488.376648, "volume": 3584, "typical_volume": 21436.8, "trend": 511.872251, "fair_value": 800.631285, "relative_strength": -14.436577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.28408, "energy": 19.073737, "activity_lines": [ 500.473777, 494.024167, 475.137415, 484.223663 ] }, { "date": "2024-02-23", "close": 493.367249, "volume": 14701, "typical_volume": 21679.3, "trend": 507.523806, "fair_value": 797.982457, "relative_strength": -15.58523, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.898872, "energy": 17.183528, "activity_lines": [ 498.737071, 494.739181, 477.672148, 483.029792 ] }, { "date": "2024-03-01", "close": 516.423706, "volume": 22983, "typical_volume": 22016.55, "trend": 501.515167, "fair_value": 795.575972, "relative_strength": -12.72631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.038813, "energy": 21.524471, "activity_lines": [ 504.160177, 499.332326, 482.68268, 483.603979 ] }, { "date": "2024-03-08", "close": 519.517822, "volume": 1873, "typical_volume": 21325.85, "trend": 496.853982, "fair_value": 793.236497, "relative_strength": -11.549309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.065576, "energy": 28.758065, "activity_lines": [ 508.265759, 504.06883, 487.947966, 484.765441 ] }, { "date": "2024-03-15", "close": 517.621338, "volume": 67775, "typical_volume": 22738.35, "trend": 494.189018, "fair_value": 790.920403, "relative_strength": -9.051387, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.03243, "energy": 38.719047, "activity_lines": [ 512.704016, 507.507774, 492.78263, 486.10527 ] }, { "date": "2024-03-22", "close": 518.320007, "volume": 1832, "typical_volume": 21485.1, "trend": 491.836796, "fair_value": 788.648733, "relative_strength": -13.172676, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.135034, "energy": 50.901679, "activity_lines": [ 516.456901, 510.549287, 497.069282, 487.662109 ] }, { "date": "2024-03-29", "close": 506.941559, "volume": 11893, "typical_volume": 21944.9, "trend": 489.101968, "fair_value": 786.320574, "relative_strength": -15.509633, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 31.017682, "energy": 45.646433, "activity_lines": [ 514.420746, 510.754353, 499.640134, 488.636609 ] }, { "date": "2024-04-05", "close": 489.552399, "volume": 4698, "typical_volume": 21690.3, "trend": 485.601186, "fair_value": 783.888048, "relative_strength": -16.048486, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.320848, "energy": 26.138388, "activity_lines": [ 505.68325, 507.407582, 500.103824, 488.665669 ] }, { "date": "2024-04-12", "close": 468.979614, "volume": 6791, "typical_volume": 21588.75, "trend": 482.103343, "fair_value": 781.327817, "relative_strength": -18.625597, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.557308, "energy": 14.833716, "activity_lines": [ 491.87958, 500.168267, 498.259442, 487.59331 ] }, { "date": "2024-04-19", "close": 455.597321, "volume": 41488, "typical_volume": 23237.85, "trend": 478.761616, "fair_value": 778.700958, "relative_strength": -19.570952, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -28.065932, "energy": 30.705153, "activity_lines": [ 476.984359, 491.67782, 494.916853, 485.883244 ] }, { "date": "2024-04-26", "close": 469.379059, "volume": 4946, "typical_volume": 23272.6, "trend": 476.358374, "fair_value": 776.226383, "relative_strength": -17.194081, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.960276, "energy": 31.617631, "activity_lines": [ 470.817985, 486.570419, 492.808109, 485.277918 ] }, { "date": "2024-05-03", "close": 457.694519, "volume": 67082, "typical_volume": 26403.85, "trend": 473.209654, "fair_value": 773.698352, "relative_strength": -19.218778, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.34019, "energy": 54.796159, "activity_lines": [ 464.019495, 479.683967, 489.493079, 484.073798 ] }, { "date": "2024-05-10", "close": 457.894287, "volume": 435, "typical_volume": 25519.65, "trend": 471.538147, "fair_value": 771.211706, "relative_strength": -21.138398, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.35378, "energy": 62.060384, "activity_lines": [ 460.57073, 473.482431, 486.284719, 483.08571 ] }, { "date": "2024-05-17", "close": 458.593353, "volume": 1786, "typical_volume": 17210.8, "trend": 471.257358, "fair_value": 768.769375, "relative_strength": -19.51903, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.415277, "energy": 59.081136, "activity_lines": [ 459.465527, 468.472169, 483.311855, 482.250562 ] }, { "date": "2024-05-24", "close": 453.599976, "volume": 14184, "typical_volume": 16756.5, "trend": 473.425178, "fair_value": 766.326202, "relative_strength": -19.096887, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.290454, "energy": 60.874969, "activity_lines": [ 457.388283, 463.661738, 479.90402, 481.111376 ] }, { "date": "2024-05-31", "close": 440.417358, "volume": 57160, "typical_volume": 19405.4, "trend": 475.253389, "fair_value": 763.819211, "relative_strength": -21.887753, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.321658, "energy": 68.539366, "activity_lines": [ 451.04999, 457.618493, 475.408202, 478.981839 ] }, { "date": "2024-06-07", "close": 425.437195, "volume": 1747, "typical_volume": 19280.15, "trend": 475.693939, "fair_value": 761.236142, "relative_strength": -22.527399, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.486424, "energy": 73.657877, "activity_lines": [ 441.649089, 450.267993, 469.655618, 475.767891 ] }, { "date": "2024-06-14", "close": 410.556915, "volume": 5185, "typical_volume": 19396.6, "trend": 475.502071, "fair_value": 758.579481, "relative_strength": -25.354619, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.854893, "energy": 92.841398, "activity_lines": [ 429.438582, 441.693885, 462.771794, 471.565502 ] }, { "date": "2024-06-21", "close": 398.373016, "volume": 216618, "typical_volume": 27682.3, "trend": 474.714434, "fair_value": 755.871162, "relative_strength": -26.071159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.095426, "energy": 94.900973, "activity_lines": [ 416.322601, 432.340804, 455.063947, 466.589434 ] }, { "date": "2024-06-28", "close": 385.090576, "volume": 8989, "typical_volume": 27787.5, "trend": 472.915122, "fair_value": 753.104142, "relative_strength": -27.996719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.217965, "energy": 95.518856, "activity_lines": [ 402.793829, 421.856491, 446.736903, 460.80725 ] }, { "date": "2024-07-05", "close": 382.593903, "volume": 41379, "typical_volume": 29677.25, "trend": 470.676596, "fair_value": 750.359622, "relative_strength": -29.041367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.268536, "energy": 94.219012, "activity_lines": [ 393.000126, 412.200178, 438.737589, 454.980075 ] }, { "date": "2024-07-12", "close": 398.173279, "volume": 1051749, "typical_volume": 81529.65, "trend": 468.079042, "fair_value": 747.770017, "relative_strength": -27.171751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.419905, "energy": 88.382796, "activity_lines": [ 392.254445, 406.95439, 432.725753, 450.302441 ] }, { "date": "2024-07-19", "close": 418.046967, "volume": 12965, "typical_volume": 81028.75, "trend": 465.568366, "fair_value": 745.363279, "relative_strength": -21.724587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.383787, "energy": 73.690326, "activity_lines": [ 399.950922, 406.404205, 429.059954, 447.074565 ] }, { "date": "2024-07-26", "close": 434.125732, "volume": 51757, "typical_volume": 83522.95, "trend": 464.468661, "fair_value": 743.107935, "relative_strength": -18.053764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.414227, "energy": 50.95681, "activity_lines": [ 412.50765, 409.501928, 427.393926, 445.046008 ] }, { "date": "2024-08-02", "close": 457.794403, "volume": 17489, "typical_volume": 81008.65, "trend": 463.435944, "fair_value": 741.055319, "relative_strength": -9.873696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.380788, "energy": 26.546541, "activity_lines": [ 430.57042, 417.347912, 428.388687, 444.615411 ] }, { "date": "2024-08-09", "close": 446.409485, "volume": 12118, "typical_volume": 81522.95, "trend": 462.446263, "fair_value": 738.950706, "relative_strength": -12.263066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.906432, "energy": 29.460168, "activity_lines": [ 439.991296, 423.047649, 428.584059, 443.51693 ] }, { "date": "2024-08-16", "close": 446.409485, "volume": 10934, "typical_volume": 81475.0, "trend": 461.143841, "fair_value": 736.875946, "relative_strength": -13.645785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.075176, "energy": 26.94635, "activity_lines": [ 445.1578, 428.638437, 429.121863, 442.482299 ] }, { "date": "2024-08-23", "close": 426.535767, "volume": 13399, "typical_volume": 81910.05, "trend": 459.322024, "fair_value": 734.690451, "relative_strength": -16.617795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.128966, "energy": 19.870419, "activity_lines": [ 440.483985, 430.234508, 428.05518, 440.24952 ] }, { "date": "2024-08-30", "close": 426.63562, "volume": 95587, "typical_volume": 86349.85, "trend": 455.743532, "fair_value": 732.536222, "relative_strength": -17.534484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.160374, "energy": 12.558649, "activity_lines": [ 435.277533, 431.55821, 427.298085, 438.14072 ] }, { "date": "2024-09-06", "close": 407.361115, "volume": 25029, "typical_volume": 85526.9, "trend": 452.527322, "fair_value": 730.278061, "relative_strength": -19.650069, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.536906, "energy": 27.076098, "activity_lines": [ 424.145587, 428.86359, 424.906962, 435.019274 ] }, { "date": "2024-09-13", "close": 401.568756, "volume": 9347, "typical_volume": 85746.95, "trend": 449.633726, "fair_value": 728.011101, "relative_strength": -19.386664, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.32147, "energy": 41.966492, "activity_lines": [ 414.445075, 424.710896, 422.193882, 431.731624 ] }, { "date": "2024-09-20", "close": 399.771149, "volume": 6539, "typical_volume": 82719.8, "trend": 446.513856, "fair_value": 725.762882, "relative_strength": -16.475738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.314875, "energy": 58.984581, "activity_lines": [ 407.134741, 419.886367, 419.632507, 428.514684 ] }, { "date": "2024-09-27", "close": 418.64621, "volume": 21402, "typical_volume": 83768.15, "trend": 443.254606, "fair_value": 723.673653, "relative_strength": -16.34319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.237675, "energy": 51.831834, "activity_lines": [ 409.225318, 418.464614, 419.144582, 426.716771 ] }, { "date": "2024-10-04", "close": 453.100616, "volume": 6947, "typical_volume": 84026.2, "trend": 441.040699, "fair_value": 721.845457, "relative_strength": -8.733539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.627319, "energy": 8.43652, "activity_lines": [ 423.326666, 423.296404, 422.124925, 427.351998 ] }, { "date": "2024-10-11", "close": 435.424011, "volume": 9113, "typical_volume": 83772.65, "trend": 438.300788, "fair_value": 719.923165, "relative_strength": -11.662729, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.717648, "energy": 9.236892, "activity_lines": [ 429.77148, 424.569268, 423.447938, 426.989631 ] }, { "date": "2024-10-18", "close": 433.027161, "volume": 1252, "typical_volume": 80977.25, "trend": 435.457694, "fair_value": 718.010525, "relative_strength": -13.401238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.686451, "energy": 16.277348, "activity_lines": [ 433.546484, 425.813075, 424.629232, 426.649397 ] }, { "date": "2024-10-25", "close": 426.236145, "volume": 223, "typical_volume": 80901.05, "trend": 432.767513, "fair_value": 716.078244, "relative_strength": -15.166532, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.039163, "energy": 16.204865, "activity_lines": [ 432.96059, 426.065467, 425.198953, 426.054458 ] }, { "date": "2024-11-01", "close": 447.408142, "volume": 5397, "typical_volume": 80911.65, "trend": 431.362705, "fair_value": 714.310678, "relative_strength": -12.730473, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.171993, "energy": 34.496216, "activity_lines": [ 437.667694, 430.534101, 427.781251, 426.999015 ] }, { "date": "2024-11-08", "close": 458.093994, "volume": 38262, "typical_volume": 71993.85, "trend": 430.999851, "fair_value": 712.636059, "relative_strength": -11.421974, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.740893, "energy": 47.576457, "activity_lines": [ 444.019287, 436.566119, 431.205767, 428.723614 ] }, { "date": "2024-11-15", "close": 458.992798, "volume": 8938, "typical_volume": 71991.3, "trend": 431.113033, "fair_value": 710.989025, "relative_strength": -12.434074, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.815007, "energy": 52.951619, "activity_lines": [ 450.33759, 442.189586, 434.431498, 430.529611 ] }, { "date": "2024-11-22", "close": 442.714325, "volume": 78106, "typical_volume": 73827.65, "trend": 430.224209, "fair_value": 709.25822, "relative_strength": -14.941438, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 56.174775, "energy": 57.880856, "activity_lines": [ 449.658482, 443.914573, 435.754982, 431.278081 ] }, { "date": "2024-11-29", "close": 424.138947, "volume": 90866, "typical_volume": 25783.5, "trend": 429.10569, "fair_value": 707.430533, "relative_strength": -18.157349, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 42.038029, "energy": 26.765252, "activity_lines": [ 442.141771, 441.514117, 435.023096, 430.885483 ] }, { "date": "2024-12-06", "close": 426.935242, "volume": 44010, "typical_volume": 27335.75, "trend": 428.073721, "fair_value": 699.884268, "relative_strength": -19.347944, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.024009, "energy": 12.959003, "activity_lines": [ 435.696971, 439.179027, 434.433877, 430.745455 ] }, { "date": "2024-12-13", "close": 454.398895, "volume": 33324, "typical_volume": 26414.1, "trend": 427.933906, "fair_value": 693.134361, "relative_strength": -14.065869, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.845666, "energy": 20.210982, "activity_lines": [ 439.771582, 441.68662, 436.417919, 432.443853 ] }, { "date": "2024-12-20", "close": 470.777222, "volume": 21207, "typical_volume": 26600.0, "trend": 428.506481, "fair_value": 686.515022, "relative_strength": -11.670773, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.246488, "energy": 29.54931, "activity_lines": [ 449.551976, 447.148484, 439.865262, 435.207938 ] }, { "date": "2024-12-27", "close": 429.931274, "volume": 132341, "typical_volume": 32611.15, "trend": 428.156945, "fair_value": 679.678615, "relative_strength": -19.365479, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.427271, "energy": 19.202466, "activity_lines": [ 444.931425, 444.541027, 439.360693, 435.29986 ] }, { "date": "2025-01-03", "close": 445.710358, "volume": 96811, "typical_volume": 36905.0, "trend": 428.832717, "fair_value": 673.243917, "relative_strength": -17.061168, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.346371, "energy": 24.867216, "activity_lines": [ 446.422772, 444.858784, 440.437361, 436.432338 ] }, { "date": "2025-01-10", "close": 454.398895, "volume": 130107, "typical_volume": 42740.4, "trend": 430.294116, "fair_value": 666.142289, "relative_strength": -16.176316, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.813412, "energy": 30.147871, "activity_lines": [ 449.372205, 446.402197, 442.344838, 438.081769 ] }, { "date": "2025-01-17", "close": 457.794403, "volume": 53151, "typical_volume": 40618.6, "trend": 432.274829, "fair_value": 659.164745, "relative_strength": -17.470768, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.836707, "energy": 25.258903, "activity_lines": [ 451.622563, 448.435871, 444.443015, 439.855981 ] }, { "date": "2025-01-24", "close": 451.502747, "volume": 60004, "typical_volume": 42367.35, "trend": 434.488568, "fair_value": 652.18524, "relative_strength": -17.75116, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.957622, "energy": 27.635697, "activity_lines": [ 451.549335, 449.331055, 445.793611, 441.096492 ] }, { "date": "2025-01-31", "close": 436.72226, "volume": 36605, "typical_volume": 43730.25, "trend": 436.292847, "fair_value": 645.104592, "relative_strength": -17.35944, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.720765, "energy": 18.741669, "activity_lines": [ 447.834243, 447.675061, 445.526344, 441.240601 ] }, { "date": "2025-02-07", "close": 441.51593, "volume": 54833, "typical_volume": 46144.95, "trend": 437.737602, "fair_value": 638.086649, "relative_strength": -17.707918, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.009239, "energy": 12.717031, "activity_lines": [ 445.264309, 446.999589, 445.548219, 441.577574 ] }, { "date": "2025-02-14", "close": 442.514618, "volume": 59372, "typical_volume": 48043.45, "trend": 438.55319, "fair_value": 631.030341, "relative_strength": -16.591079, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.714812, "energy": 12.790484, "activity_lines": [ 443.306899, 446.189752, 445.466423, 441.885769 ] }, { "date": "2025-02-21", "close": 454.299011, "volume": 7922, "typical_volume": 48092.2, "trend": 439.225633, "fair_value": 624.727437, "relative_strength": -14.29138, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.063916, "energy": 14.859825, "activity_lines": [ 446.069906, 447.23927, 446.393291, 442.901628 ] }, { "date": "2025-02-28", "close": 443.113831, "volume": 24309, "typical_volume": 48852.0, "trend": 438.73628, "fair_value": 618.135408, "relative_strength": -14.208073, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.909512, "energy": 10.21877, "activity_lines": [ 445.337545, 446.256935, 446.249197, 443.15248 ] }, { "date": "2025-03-07", "close": 447.507996, "volume": 2435, "typical_volume": 48911.15, "trend": 438.772897, "fair_value": 611.801762, "relative_strength": -12.571868, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.319586, "energy": 15.424013, "activity_lines": [ 446.629167, 446.576511, 446.486977, 443.718397 ] }, { "date": "2025-03-14", "close": 469.878418, "volume": 12234, "typical_volume": 49511.7, "trend": 439.555195, "fair_value": 608.290987, "relative_strength": -9.067443, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.784363, "energy": 39.53512, "activity_lines": [ 454.658547, 450.643858, 448.786316, 445.725205 ] }, { "date": "2025-03-21", "close": 512.022644, "volume": 33818, "typical_volume": 50932.75, "trend": 442.404758, "fair_value": 605.201287, "relative_strength": -0.013273, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.245391, "energy": 67.835682, "activity_lines": [ 474.84517, 461.934373, 454.891571, 450.400524 ] }, { "date": "2025-03-28", "close": 517.415527, "volume": 3026, "typical_volume": 49170.95, "trend": 445.430755, "fair_value": 602.071976, "relative_strength": 3.123727, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.091932, "energy": 85.316345, "activity_lines": [ 492.195553, 473.157708, 461.202746, 455.239928 ] }, { "date": "2025-04-04", "close": 525.404907, "volume": 1319, "typical_volume": 48790.0, "trend": 449.365548, "fair_value": 598.622973, "relative_strength": 5.636254, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.350071, "energy": 90.784434, "activity_lines": [ 508.001294, 484.749637, 467.992331, 460.399551 ] }, { "date": "2025-04-11", "close": 475.670746, "volume": 16710, "typical_volume": 45720.2, "trend": 451.835614, "fair_value": 593.678497, "relative_strength": -2.722399, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.729371, "energy": 78.537808, "activity_lines": [ 501.74291, 485.955316, 469.729081, 462.096661 ] }, { "date": "2025-04-18", "close": 485.657532, "volume": 5787, "typical_volume": 41466.25, "trend": 454.698493, "fair_value": 588.484688, "relative_strength": -3.189645, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.870967, "energy": 59.377529, "activity_lines": [ 496.935938, 488.268619, 472.260018, 464.27872 ] }, { "date": "2025-04-25", "close": 595.512207, "volume": 57040, "typical_volume": 42117.75, "trend": 460.594027, "fair_value": 584.012559, "relative_strength": 18.005158, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.704186, "energy": 62.906164, "activity_lines": [ 527.695249, 509.752925, 484.960359, 473.363476 ] }, { "date": "2025-05-02", "close": 601.604187, "volume": 17780, "typical_volume": 41340.55, "trend": 465.544146, "fair_value": 579.828933, "relative_strength": 18.656374, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.088006, "energy": 69.373407, "activity_lines": [ 554.919251, 529.56309, 497.438142, 482.460905 ] }, { "date": "2025-05-09", "close": 564.253601, "volume": 32835, "typical_volume": 41921.95, "trend": 469.838465, "fair_value": 575.636145, "relative_strength": 6.447858, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.607668, "energy": 78.79448, "activity_lines": [ 564.080479, 539.903963, 505.657748, 488.829257 ] }, { "date": "2025-05-16", "close": 600.205994, "volume": 9518, "typical_volume": 35780.8, "trend": 475.411093, "fair_value": 572.434973, "relative_strength": 13.5491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.716031, "energy": 89.421366, "activity_lines": [ 582.635925, 554.579093, 516.856266, 497.240066 ] }, { "date": "2025-05-23", "close": 559.4599, "volume": 5997, "typical_volume": 31240.1, "trend": 479.851885, "fair_value": 569.388363, "relative_strength": 7.447532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.730603, "energy": 74.090421, "activity_lines": [ 579.306991, 559.069516, 523.363372, 502.662569 ] }, { "date": "2025-05-30", "close": 559.260193, "volume": 9761, "typical_volume": 25222.8, "trend": 483.580287, "fair_value": 565.752019, "relative_strength": 3.253333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.898489, "energy": 51.664058, "activity_lines": [ 570.991329, 561.894874, 529.309793, 507.785686 ] }, { "date": "2025-06-06", "close": 548.674194, "volume": 1284, "typical_volume": 22629.45, "trend": 486.599627, "fair_value": 562.239703, "relative_strength": 0.220265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.30818, "energy": 39.162786, "activity_lines": [ 561.563802, 561.93664, 533.748685, 511.985293 ] }, { "date": "2025-06-13", "close": 568.348145, "volume": 25541, "typical_volume": 20906.3, "trend": 490.244805, "fair_value": 559.096559, "relative_strength": 5.343547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.606948, "energy": 31.781579, "activity_lines": [ 562.222925, 564.987149, 539.628525, 517.259391 ] }, { "date": "2025-06-20", "close": 561.657043, "volume": 3463, "typical_volume": 19249.2, "trend": 494.209562, "fair_value": 555.635486, "relative_strength": -1.008841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.008536, "energy": 30.612577, "activity_lines": [ 560.378711, 566.040308, 544.314711, 521.866632 ] }, { "date": "2025-06-27", "close": 584.227112, "volume": 4552, "typical_volume": 16735.15, "trend": 499.545834, "fair_value": 552.127205, "relative_strength": 0.412821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.530865, "energy": 35.830374, "activity_lines": [ 568.627783, 569.633728, 550.555499, 527.674216 ] }, { "date": "2025-07-04", "close": 607.895874, "volume": 3531, "typical_volume": 13943.1, "trend": 505.577855, "fair_value": 548.88578, "relative_strength": 0.131605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.044175, "energy": 48.939727, "activity_lines": [ 583.115295, 575.738386, 558.370879, 534.664541 ] }, { "date": "2025-07-11", "close": 742.018372, "volume": 12236, "typical_volume": 14158.8, "trend": 515.165171, "fair_value": 546.862303, "relative_strength": 20.508521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.378532, "energy": 88.041905, "activity_lines": [ 639.067928, 606.003794, 578.1723, 549.918768 ] }, { "date": "2025-07-18", "close": 722.544189, "volume": 3208, "typical_volume": 13103.75, "trend": 523.557404, "fair_value": 544.464539, "relative_strength": 18.830546, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.14425, "energy": 93.693504, "activity_lines": [ 675.639555, 630.175457, 594.748944, 563.298059 ] }, { "date": "2025-07-25", "close": 612.589661, "volume": 48702, "typical_volume": 15417.1, "trend": 529.646016, "fair_value": 541.720126, "relative_strength": -0.063735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.554966, "energy": 83.322288, "activity_lines": [ 665.279936, 631.477377, 599.523108, 569.042076 ] }, { "date": "2025-08-01", "close": 588.12207, "volume": 3713, "typical_volume": 14991.05, "trend": 534.393074, "fair_value": 539.732892, "relative_strength": -3.083813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.172617, "energy": 64.407621, "activity_lines": [ 643.368945, 628.105486, 601.180922, 572.814724 ] }, { "date": "2025-08-08", "close": 566.250916, "volume": 8894, "typical_volume": 13744.85, "trend": 538.121474, "fair_value": 537.519109, "relative_strength": -3.900437, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.162688, "energy": 26.55464, "activity_lines": [ 613.907906, 620.235892, 600.192704, 574.870069 ] }, { "date": "2025-08-15", "close": 584.227112, "volume": 44200, "typical_volume": 15803.55, "trend": 542.335898, "fair_value": 535.412883, "relative_strength": -1.709988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.336978, "energy": 27.43946, "activity_lines": [ 593.215263, 615.507593, 600.658275, 577.844626 ] }, { "date": "2025-08-22", "close": 559.160339, "volume": 6061, "typical_volume": 16040.65, "trend": 545.924484, "fair_value": 532.792899, "relative_strength": -6.723215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.426295, "energy": 24.492627, "activity_lines": [ 574.686446, 605.575282, 598.418384, 578.930074 ] }, { "date": "2025-08-29", "close": 561.557129, "volume": 1109, "typical_volume": 15260.6, "trend": 550.085647, "fair_value": 531.077356, "relative_strength": -8.375993, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.899479, "energy": 19.952429, "activity_lines": [ 567.848816, 596.245802, 596.246018, 579.938632 ] }, { "date": "2025-09-05", "close": 552.968506, "volume": 2345, "typical_volume": 15088.5, "trend": 553.800732, "fair_value": 529.491609, "relative_strength": -8.910968, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.334889, "energy": 19.152156, "activity_lines": [ 561.55048, 585.356571, 592.846705, 580.124623 ] }, { "date": "2025-09-12", "close": 551.47052, "volume": 280, "typical_volume": 12250.5, "trend": 557.432596, "fair_value": 527.877711, "relative_strength": -10.351218, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.466917, "energy": 26.801286, "activity_lines": [ 557.096387, 574.763317, 588.984199, 579.974287 ] }, { "date": "2025-09-19", "close": 522.708557, "volume": 2093, "typical_volume": 11466.15, "trend": 559.712914, "fair_value": 526.575149, "relative_strength": -12.793948, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.381398, "energy": 38.376319, "activity_lines": [ 544.040332, 559.966531, 582.59218, 577.734026 ] }, { "date": "2025-09-26", "close": 506.529938, "volume": 708, "typical_volume": 9859.8, "trend": 561.826784, "fair_value": 525.252668, "relative_strength": -15.585388, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.599323, "energy": 51.058307, "activity_lines": [ 529.692641, 546.215628, 575.035034, 574.302866 ] }, { "date": "2025-10-03", "close": 507.828217, "volume": 783, "typical_volume": 9423.05, "trend": 563.837458, "fair_value": 524.189881, "relative_strength": -19.272853, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.974386, "energy": 58.208102, "activity_lines": [ 519.286404, 536.628309, 567.876408, 570.819088 ] }, { "date": "2025-10-10", "close": 536.789917, "volume": 2065, "typical_volume": 9226.45, "trend": 566.067842, "fair_value": 523.338972, "relative_strength": -16.285661, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.567374, "energy": 59.094924, "activity_lines": [ 522.115993, 534.211506, 563.915934, 569.074085 ] }, { "date": "2025-10-17", "close": 570.445374, "volume": 845, "typical_volume": 8780.65, "trend": 568.015266, "fair_value": 522.707639, "relative_strength": -9.025287, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.13846, "energy": 31.628546, "activity_lines": [ 537.242641, 538.84719, 563.268693, 569.356506 ] }, { "date": "2025-10-24", "close": 579.033997, "volume": 16013, "typical_volume": 9517.1, "trend": 570.069215, "fair_value": 522.581656, "relative_strength": -7.161504, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.31746, "energy": 18.5397, "activity_lines": [ 553.967174, 544.968178, 563.386154, 570.067392 ] }, { "date": "2025-10-31", "close": 555.764771, "volume": 39267, "typical_volume": 10203.4, "trend": 571.08121, "fair_value": 522.163236, "relative_strength": -12.629409, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.776049, "energy": 25.139612, "activity_lines": [ 559.180268, 546.952818, 561.142928, 569.144525 ] }, { "date": "2025-11-07", "close": 529.100037, "volume": 5585, "typical_volume": 10309.5, "trend": 572.862187, "fair_value": 521.598195, "relative_strength": -17.999775, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.264822, "energy": 27.321394, "activity_lines": [ 552.222795, 544.151063, 556.420123, 566.436062 ] }, { "date": "2025-11-14", "close": 517.715149, "volume": 8553, "typical_volume": 10509.55, "trend": 573.930774, "fair_value": 521.013901, "relative_strength": -21.658445, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.161333, "energy": 28.963964, "activity_lines": [ 540.052238, 539.869457, 550.768078, 562.878189 ] }, { "date": "2025-11-21", "close": 550.771362, "volume": 6926, "typical_volume": 10679.3, "trend": 572.439413, "fair_value": 520.690758, "relative_strength": -14.525225, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.273504, "energy": 31.225303, "activity_lines": [ 540.17207, 542.239041, 548.580966, 561.384033 ] }, { "date": "2025-11-28", "close": 535.29187, "volume": 67103, "typical_volume": 13422.65, "trend": 570.229002, "fair_value": 520.264549, "relative_strength": -17.450699, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.80103, "energy": 37.033715, "activity_lines": [ 536.443673, 541.806884, 545.191639, 558.987417 ] }, { "date": "2025-12-05", "close": 526.703247, "volume": 689, "typical_volume": 13296.7, "trend": 568.977324, "fair_value": 519.799915, "relative_strength": -21.190189, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.458966, "energy": 38.233462, "activity_lines": [ 532.768542, 539.584372, 541.968759, 556.179304 ] }, { "date": "2025-12-12", "close": 526.00415, "volume": 1876, "typical_volume": 10955.4, "trend": 566.503929, "fair_value": 519.333998, "relative_strength": -23.624855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.298621, "energy": 33.258091, "activity_lines": [ 530.797815, 536.867964, 539.611875, 553.406841 ] }, { "date": "2025-12-19", "close": 646.444824, "volume": 55918, "typical_volume": 13565.65, "trend": 569.403426, "fair_value": 519.476393, "relative_strength": -6.688097, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 12.226009, "energy": 15.64395, "activity_lines": [ 569.180371, 555.719389, 549.137843, 558.564319 ] }, { "date": "2025-12-26", "close": 537.574585, "volume": 28832, "typical_volume": 14562.55, "trend": 568.680573, "fair_value": 518.904911, "relative_strength": -20.894568, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -22.362422, "energy": 16.031409, "activity_lines": [ 562.690869, 552.782499, 548.01749, 556.510845 ] }, { "date": "2026-01-02", "close": 487.586243, "volume": 17382, "typical_volume": 13221.65, "trend": 566.644308, "fair_value": 518.111493, "relative_strength": -29.65728, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.790657, "energy": 24.435787, "activity_lines": [ 540.418372, 541.354471, 542.272896, 551.278953 ] }, { "date": "2026-01-09", "close": 503.78244, "volume": 15473, "typical_volume": 13692.25, "trend": 564.492117, "fair_value": 517.455157, "relative_strength": -29.98799, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.093389, "energy": 24.869103, "activity_lines": [ 526.724982, 534.533892, 538.530991, 547.223348 ] }, { "date": "2026-01-16", "close": 536.374817, "volume": 23768, "typical_volume": 14825.2, "trend": 563.649377, "fair_value": 516.958496, "relative_strength": -27.253851, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.913324, "energy": 31.183491, "activity_lines": [ 525.423771, 534.584333, 538.156827, 545.409329 ] }, { "date": "2026-01-23", "close": 522.278137, "volume": 8508, "typical_volume": 15133.35, "trend": 561.584411, "fair_value": 516.408569, "relative_strength": -29.072188, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.781638, "energy": 38.571106, "activity_lines": [ 518.73229, 531.939473, 536.560038, 542.740217 ] }, { "date": "2026-01-30", "close": 528.676636, "volume": 3554, "typical_volume": 15297.05, "trend": 558.943769, "fair_value": 515.774932, "relative_strength": -28.162487, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.978381, "energy": 31.717296, "activity_lines": [ 522.45142, 530.375013, 535.718774, 540.617135 ] }, { "date": "2026-02-06", "close": 494.984497, "volume": 7950, "typical_volume": 15589.9, "trend": 550.709307, "fair_value": 515.011669, "relative_strength": -33.164053, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.170559, "energy": 28.723935, "activity_lines": [ 515.533034, 523.086431, 531.777277, 536.49073 ] }, { "date": "2026-02-13", "close": 533.5755, "volume": 21421, "typical_volume": 16625.55, "trend": 544.410351, "fair_value": 514.549512, "relative_strength": -29.634375, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.252089, "energy": 22.008518, "activity_lines": [ 520.985099, 523.547257, 531.643133, 535.385323 ] }, { "date": "2026-02-20", "close": 623.354553, "volume": 18753, "typical_volume": 17524.05, "trend": 544.76918, "fair_value": 514.934702, "relative_strength": -18.709927, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.642888, "energy": 17.008519, "activity_lines": [ 554.377311, 540.206597, 539.930587, 540.478497 ] }, { "date": "2026-02-27", "close": 583.263916, "volume": 15464, "typical_volume": 18194.0, "trend": 544.607242, "fair_value": 514.915148, "relative_strength": -21.709575, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.224943, "energy": 23.616528, "activity_lines": [ 568.607328, 547.806723, 543.849759, 542.962029 ] }, { "date": "2026-03-06", "close": 616.955994, "volume": 25199, "typical_volume": 19411.7, "trend": 546.297411, "fair_value": 515.144189, "relative_strength": -21.193014, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.310329, "energy": 52.682562, "activity_lines": [ 590.002319, 562.681425, 550.756396, 547.62969 ] }, { "date": "2026-03-13", "close": 607.758179, "volume": 2280, "typical_volume": 18725.05, "trend": 547.08178, "fair_value": 515.550931, "relative_strength": -18.677164, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.500906, "energy": 58.176204, "activity_lines": [ 602.446082, 574.440499, 556.565572, 551.594901 ] }, { "date": "2026-03-20", "close": 674.742554, "volume": 12683, "typical_volume": 17395.85, "trend": 550.934521, "fair_value": 516.599415, "relative_strength": -12.11045, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.257623, "energy": 71.84138, "activity_lines": [ 629.699724, 596.193606, 568.61743, 559.83108 ] }, { "date": "2026-03-27", "close": 625.953918, "volume": 8260, "typical_volume": 17529.6, "trend": 553.08108, "fair_value": 517.346664, "relative_strength": -13.678263, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.048299, "energy": 67.244965, "activity_lines": [ 631.27935, 605.967686, 575.45619, 564.671041 ] }, { "date": "2026-04-03", "close": 622.454712, "volume": 1649, "typical_volume": 17184.4, "trend": 555.397287, "fair_value": 517.930765, "relative_strength": -15.381023, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.101086, "energy": 61.505077, "activity_lines": [ 631.519283, 613.476836, 581.500484, 569.146759 ] }, { "date": "2026-04-10", "close": 576.165527, "volume": 22509, "typical_volume": 17963.55, "trend": 556.220454, "fair_value": 517.953976, "relative_strength": -25.603227, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.583455, "energy": 37.016036, "activity_lines": [ 613.716768, 610.748378, 582.637524, 570.486646 ] }, { "date": "2026-04-17", "close": 656.346863, "volume": 5349, "typical_volume": 14875.85, "trend": 560.675064, "fair_value": 518.435039, "relative_strength": -14.103818, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.985682, "energy": 37.246822, "activity_lines": [ 625.36073, 621.73491, 591.289957, 576.946414 ] }, { "date": "2026-04-24", "close": 681.341003, "volume": 34258, "typical_volume": 16554.3, "trend": 566.5021, "fair_value": 519.075681, "relative_strength": -9.116132, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.067743, "energy": 42.14475, "activity_lines": [ 642.096826, 634.33197, 601.746332, 584.731313 ] }, { "date": "2026-05-01", "close": 634.551941, "volume": 64189, "typical_volume": 19669.95, "trend": 570.726224, "fair_value": 519.035703, "relative_strength": -15.652716, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.077823, "energy": 33.919672, "activity_lines": [ 642.796671, 635.735283, 607.010236, 589.121626 ] }, { "date": "2026-05-08", "close": 649.048584, "volume": 36114, "typical_volume": 18679.75, "trend": 574.468179, "fair_value": 519.155834, "relative_strength": -14.756506, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.402139, "energy": 41.264449, "activity_lines": [ 647.75553, 639.57076, 613.137878, 594.174681 ] }, { "date": "2026-05-15", "close": 669.243835, "volume": 14019, "typical_volume": 17939.1, "trend": 577.761461, "fair_value": 519.287694, "relative_strength": -8.70234, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.272999, "energy": 42.572318, "activity_lines": [ 657.673214, 645.882016, 621.176478, 600.28924 ] }, { "date": "2026-05-22", "close": 704.135681, "volume": 14154, "typical_volume": 17777.7, "trend": 581.931517, "fair_value": 519.650897, "relative_strength": -3.527737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.963253, "energy": 49.807506, "activity_lines": [ 673.016292, 657.586555, 631.911115, 608.442415 ] }, { "date": "2026-05-29", "close": 7.296712, "volume": 418, "typical_volume": 17024.95, "trend": 563.649249, "fair_value": 515.593251, "relative_strength": -98.990318, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -44.632893, "energy": 55.138943, "activity_lines": [ 452.893793, 540.840783, 575.248948, 571.369202 ] }, { "date": "2026-06-05", "close": 7.237, "volume": 26519, "typical_volume": 17162.5, "trend": 546.253814, "fair_value": 511.61392, "relative_strength": -98.929203, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.921388, "energy": 95.308676, "activity_lines": [ 277.687676, 436.219532, 520.945312, 535.471637 ] }, { "date": "2026-06-12", "close": 7.114, "volume": 82386, "typical_volume": 20856.4, "trend": 529.233776, "fair_value": 507.638919, "relative_strength": -98.938775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.887754, "energy": 94.978105, "activity_lines": [ 144.261556, 342.825317, 469.149666, 500.688423 ] }, { "date": "2026-06-19", "close": 6.935, "volume": 27, "typical_volume": 20680.05, "trend": 511.105897, "fair_value": 503.599429, "relative_strength": -98.888501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.321541, "energy": 91.706623, "activity_lines": [ 53.571407, 260.586569, 419.790134, 466.991728 ] }, { "date": "2026-06-26", "close": 7.018, "volume": 0, "typical_volume": 20282.55, "trend": 493.496768, "fair_value": 499.639807, "relative_strength": -98.812627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.333543, "energy": 88.548051, "activity_lines": [ 7.062847, 188.712557, 372.922992, 434.469928 ] }, { "date": "2026-07-03", "close": 7.953, "volume": 732, "typical_volume": 19248.1, "trend": 476.205093, "fair_value": 495.587648, "relative_strength": -98.650475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.621523, "energy": 88.927524, "activity_lines": [ 7.340467, 128.814525, 328.468547, 403.144524 ] }, { "date": "2026-07-10", "close": 8.0, "volume": 9299, "typical_volume": 18775.4, "trend": 458.938288, "fair_value": 491.526833, "relative_strength": -98.573343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.208037, "energy": 87.637695, "activity_lines": [ 7.59, 81.168457, 286.521542, 372.937744 ] }, { "date": "2026-07-17", "close": 7.718, "volume": 6779, "typical_volume": 18341.15, "trend": 437.647394, "fair_value": 487.297858, "relative_strength": -98.605667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.75319, "energy": 69.76665, "activity_lines": [ 7.694667, 44.86297, 247.47794, 343.826757 ] }, { "date": "2026-07-24", "close": 7.344, "volume": 14263, "typical_volume": 17794.35, "trend": 419.973041, "fair_value": 483.346084, "relative_strength": -98.670091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.640976, "energy": 67.018743, "activity_lines": [ 7.6344, 20.150038, 211.139414, 316.065248 ] }, { "date": "2026-07-31", "close": 7.55, "volume": 12477, "typical_volume": 18304.2, "trend": 403.971833, "fair_value": 478.928566, "relative_strength": -98.557364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.091148, "energy": 63.088321, "activity_lines": [ 7.615533, 7.509104, 177.723421, 289.45731 ] }, { "date": "2026-08-07", "close": 7.271, "volume": 18536, "typical_volume": 18596.85, "trend": 387.421452, "fair_value": 474.748551, "relative_strength": -98.57565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.87497, "energy": 65.55004, "activity_lines": [ 7.4682, 7.482636, 147.138991, 263.863708 ] } ], "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." } } }