{ "ticker": { "uuid": "4b100a62-7ef9-4772-8aa6-fac299e2cfef", "symbol": "3152", "name": "Advanced Ceramic X Corporation", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 94.575, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -36.747, "architecture_energy": 61.165, "architecture_maturity": 19.51, "architecture_confidence": 67.675, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 28.52, "rotation_up": 16.63, "upward_expansion": 21.53, "deceleration": 43.52, "rotation_down": 71.05, "downward_expansion": 63.2 }, "activity_lines": [ 220.66555, 243.859626, 271.432541, 272.243507 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 225.0, "trend_reference": 270.71712, "distance_from_trend": -0.168874, "trend_direction": "Improving", "fair_value": 275.44868, "distance_from_fair_value": -0.183151, "fair_value_direction": "Weakening", "relative_strength": -33.190531, "relative_strength_direction": "Weakening", "price_momentum": -0.075727, "excess_performance": -0.517099, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.168874, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.082219, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.183151, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.180429, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.331905, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.190447, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.075727, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.430513, "read": "Demand-led" } ], "volume": { "latest": 577825, "relative_activity": 0.163437, "balance": 1.430513, "dry_up": 0.206226, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.191895, "annualized_volatility": 0.645828, "from_high_reference": -0.43212, "from_low_reference": 0.270328 }, "levels": { "trend_reference": 270.71712, "fair_value_reference": 275.44868, "structural_low": 197.262527, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.084445, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.055226, "regime_survival": 0.333333, "best_return": 0.159836, "worst_return": 0.037862, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.144454, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.040086, "regime_survival": 0.0, "best_return": 0.28, "worst_return": 0.008909, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.197259, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.174679, "regime_survival": 0.0, "best_return": 0.613333, "worst_return": -0.218814, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.223369, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.498692, "regime_survival": 0.0, "best_return": -0.223369, "worst_return": -0.223369, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-03", "end": "2024-12-06", "tenure": "Extended", "return": -0.175396, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2024-12-27", "tenure": "New", "return": 0.002747, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.084033, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.009434, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-08-08", "tenure": "Extended", "return": -0.240805, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-10-03", "tenure": "Developing", "return": -0.132143, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-07", "tenure": "Developing", "return": -0.029787, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-12", "tenure": "Developing", "return": 0.084445, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2025-12-19", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-03-06", "tenure": "Developing", "return": -0.045902, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": 0.151079, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-07-10", "tenure": "Established", "return": -0.054875, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": -0.006479, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.050292, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 299.265442, "volume": 287180, "typical_volume": 421895.65, "trend": 330.92689, "fair_value": 467.321356, "relative_strength": -9.51308, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.121662, "energy": 63.772797, "activity_lines": [ 310.664575, 321.747115, 327.018313, 330.080804 ] }, { "date": "2023-08-18", "close": 292.998138, "volume": 128890, "typical_volume": 353407.2, "trend": 331.083405, "fair_value": 465.53928, "relative_strength": -10.265204, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.90864, "energy": 71.132078, "activity_lines": [ 302.580713, 314.923113, 323.291024, 327.633788 ] }, { "date": "2023-08-25", "close": 287.514221, "volume": 203513, "typical_volume": 356375.1, "trend": 331.082747, "fair_value": 463.592284, "relative_strength": -12.360762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.516869, "energy": 75.240888, "activity_lines": [ 296.302392, 308.344604, 319.36323, 324.822873 ] }, { "date": "2023-09-01", "close": 311.80011, "volume": 217081, "typical_volume": 347584.45, "trend": 330.020858, "fair_value": 462.052113, "relative_strength": -5.90116, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.637649, "energy": 61.331116, "activity_lines": [ 299.709548, 307.244421, 318.092605, 323.578831 ] }, { "date": "2023-09-08", "close": 336.08609, "volume": 921468, "typical_volume": 353068.0, "trend": 330.306664, "fair_value": 461.142518, "relative_strength": 2.067033, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.839589, "energy": 22.893613, "activity_lines": [ 311.695685, 311.055212, 319.36717, 323.970137 ] }, { "date": "2023-09-15", "close": 352.537842, "volume": 508785, "typical_volume": 359229.95, "trend": 330.269549, "fair_value": 460.183129, "relative_strength": 4.69293, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.889205, "energy": 12.761663, "activity_lines": [ 327.364032, 317.729293, 322.189705, 325.404406 ] }, { "date": "2023-09-22", "close": 338.43634, "volume": 354453, "typical_volume": 366013.8, "trend": 329.480488, "fair_value": 458.873065, "relative_strength": 3.879218, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.697767, "energy": 21.779635, "activity_lines": [ 334.780385, 321.677991, 323.513459, 325.931296 ] }, { "date": "2023-09-29", "close": 327.468475, "volume": 176942, "typical_volume": 367455.35, "trend": 329.222772, "fair_value": 457.410501, "relative_strength": 0.251902, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.64349, "energy": 24.563747, "activity_lines": [ 335.51157, 323.79734, 323.722328, 325.801489 ] }, { "date": "2023-10-06", "close": 322.767944, "volume": 111931, "typical_volume": 363724.2, "trend": 328.808372, "fair_value": 455.698623, "relative_strength": -2.36345, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.592014, "energy": 18.575713, "activity_lines": [ 332.012294, 324.769292, 323.42882, 325.385048 ] }, { "date": "2023-10-13", "close": 326.685059, "volume": 106843, "typical_volume": 359964.85, "trend": 329.498365, "fair_value": 454.422823, "relative_strength": -2.799547, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.933347, "energy": 9.709404, "activity_lines": [ 329.087535, 326.385938, 323.519977, 325.24806 ] }, { "date": "2023-10-20", "close": 329.818756, "volume": 183727, "typical_volume": 359456.1, "trend": 328.960216, "fair_value": 452.957059, "relative_strength": 0.001431, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.744738, "energy": 8.977146, "activity_lines": [ 327.834076, 328.2519, 323.862265, 325.268731 ] }, { "date": "2023-10-27", "close": 318.850861, "volume": 567013, "typical_volume": 337634.75, "trend": 327.56956, "fair_value": 451.416423, "relative_strength": -1.622871, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.326995, "energy": 15.749, "activity_lines": [ 324.439258, 327.568184, 323.12704, 324.616514 ] }, { "date": "2023-11-03", "close": 336.869537, "volume": 523483, "typical_volume": 345012.15, "trend": 326.805152, "fair_value": 450.04152, "relative_strength": 1.316938, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.151143, "energy": 3.501924, "activity_lines": [ 328.356364, 329.690542, 324.310206, 325.216513 ] }, { "date": "2023-11-10", "close": 340.003143, "volume": 420595, "typical_volume": 361491.15, "trend": 326.119572, "fair_value": 448.714103, "relative_strength": 1.127722, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.432379, "energy": 14.426083, "activity_lines": [ 332.691268, 331.485277, 325.835113, 326.067996 ] }, { "date": "2023-11-17", "close": 344.703644, "volume": 274744, "typical_volume": 365222.3, "trend": 326.538868, "fair_value": 447.654264, "relative_strength": -0.723755, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.034727, "energy": 38.645391, "activity_lines": [ 337.443992, 333.621866, 327.80312, 327.266968 ] }, { "date": "2023-11-24", "close": 426.179077, "volume": 3428096, "typical_volume": 515653.85, "trend": 330.084044, "fair_value": 446.810762, "relative_strength": 21.514562, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.585042, "energy": 78.937174, "activity_lines": [ 368.153955, 350.415487, 337.456149, 333.695369 ] }, { "date": "2023-12-01", "close": 407.377075, "volume": 2767802, "typical_volume": 627445.8, "trend": 332.874352, "fair_value": 445.892396, "relative_strength": 14.734958, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.876573, "energy": 82.097128, "activity_lines": [ 386.172563, 362.451631, 344.925547, 338.682016 ] }, { "date": "2023-12-08", "close": 393.275543, "volume": 892072, "typical_volume": 639402.3, "trend": 335.450878, "fair_value": 444.463536, "relative_strength": 10.945444, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.112213, "energy": 80.339437, "activity_lines": [ 393.588912, 370.670392, 350.766817, 342.578867 ] }, { "date": "2023-12-15", "close": 387.008209, "volume": 1675039, "typical_volume": 705290.3, "trend": 337.510969, "fair_value": 443.067562, "relative_strength": 7.134001, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.636321, "energy": 78.716666, "activity_lines": [ 395.155749, 376.553145, 355.621158, 345.905147 ] }, { "date": "2023-12-22", "close": 363.505707, "volume": 723607, "typical_volume": 723663.2, "trend": 339.069541, "fair_value": 441.224121, "relative_strength": 0.972164, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.440917, "energy": 50.776853, "activity_lines": [ 385.754748, 376.994712, 357.913577, 347.582226 ] }, { "date": "2023-12-29", "close": 383.874542, "volume": 779008, "typical_volume": 748254.6, "trend": 341.102059, "fair_value": 439.168776, "relative_strength": 4.439637, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.903888, "energy": 38.266101, "activity_lines": [ 381.889888, 380.470237, 361.886623, 350.472872 ] }, { "date": "2024-01-05", "close": 372.906677, "volume": 222169, "typical_volume": 752918.55, "trend": 341.487635, "fair_value": 437.120751, "relative_strength": 3.699878, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.088651, "energy": 26.182981, "activity_lines": [ 377.189376, 380.968772, 364.41221, 352.524783 ] }, { "date": "2024-01-12", "close": 344.703644, "volume": 327317, "typical_volume": 759108.75, "trend": 341.445649, "fair_value": 434.869106, "relative_strength": -4.137181, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.635148, "energy": 18.498958, "activity_lines": [ 365.385878, 375.35665, 363.871277, 352.732267 ] }, { "date": "2024-01-19", "close": 333.73584, "volume": 392331, "typical_volume": 767871.25, "trend": 341.268712, "fair_value": 432.350804, "relative_strength": -8.023431, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.501077, "energy": 15.239082, "activity_lines": [ 353.164573, 367.607943, 362.01346, 352.23486 ] }, { "date": "2024-01-26", "close": 338.43634, "volume": 280961, "typical_volume": 735845.9, "trend": 341.581608, "fair_value": 430.20054, "relative_strength": -8.314499, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.406697, "energy": 19.906057, "activity_lines": [ 346.061593, 360.827824, 360.498855, 352.052126 ] }, { "date": "2024-02-02", "close": 333.73584, "volume": 174682, "typical_volume": 719140.75, "trend": 341.250909, "fair_value": 427.969915, "relative_strength": -9.612316, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.270554, "energy": 27.727379, "activity_lines": [ 339.06307, 353.30702, 358.525391, 351.545948 ] }, { "date": "2024-02-09", "close": 335.302643, "volume": 55401, "typical_volume": 704188.15, "trend": 340.844302, "fair_value": 425.763032, "relative_strength": -9.157137, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.827765, "energy": 28.641461, "activity_lines": [ 335.929395, 347.751874, 356.790679, 351.162189 ] }, { "date": "2024-02-16", "close": 351.754456, "volume": 180336, "typical_volume": 704357.85, "trend": 342.190554, "fair_value": 423.853395, "relative_strength": -6.972223, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.312846, "energy": 23.846528, "activity_lines": [ 340.786593, 346.498412, 356.637729, 351.866069 ] }, { "date": "2024-02-23", "close": 362.72226, "volume": 472605, "typical_volume": 722391.55, "trend": 343.646131, "fair_value": 421.831412, "relative_strength": -5.130518, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 21.559549, "energy": 14.5768, "activity_lines": [ 348.829672, 347.994025, 357.413685, 353.190696 ] }, { "date": "2024-03-01", "close": 354.104675, "volume": 441512, "typical_volume": 739125.0, "trend": 345.147604, "fair_value": 419.580668, "relative_strength": -7.368782, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 21.586471, "energy": 14.19071, "activity_lines": [ 352.067794, 348.364367, 357.17866, 353.86544 ] }, { "date": "2024-03-08", "close": 354.104675, "volume": 1846895, "typical_volume": 822283.4, "trend": 346.975579, "fair_value": 417.393852, "relative_strength": -11.032578, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.025305, "energy": 19.054363, "activity_lines": [ 354.261361, 348.905636, 356.813064, 354.443316 ] }, { "date": "2024-03-15", "close": 365.072479, "volume": 598106, "typical_volume": 823838.05, "trend": 349.378057, "fair_value": 414.784182, "relative_strength": -7.687229, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.339089, "energy": 24.945978, "activity_lines": [ 358.75294, 351.982323, 357.376375, 355.610858 ] }, { "date": "2024-03-22", "close": 365.855927, "volume": 341452, "typical_volume": 814736.5, "trend": 351.989447, "fair_value": 412.252594, "relative_strength": -9.670065, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.216233, "energy": 24.154089, "activity_lines": [ 361.521012, 355.343894, 357.794196, 356.673946 ] }, { "date": "2024-03-29", "close": 357.238312, "volume": 236868, "typical_volume": 805550.15, "trend": 353.504054, "fair_value": 409.136074, "relative_strength": -11.650195, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.461074, "energy": 20.658346, "activity_lines": [ 360.476449, 356.754039, 357.253262, 357.012583 ] }, { "date": "2024-04-05", "close": 372.906677, "volume": 170160, "typical_volume": 800320.95, "trend": 354.731407, "fair_value": 406.119992, "relative_strength": -7.579804, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.735593, "energy": 28.695777, "activity_lines": [ 365.02027, 360.58566, 358.122481, 358.264365 ] }, { "date": "2024-04-12", "close": 350.187561, "volume": 288310, "typical_volume": 643331.65, "trend": 354.653064, "fair_value": 403.113529, "relative_strength": -14.403361, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.720644, "energy": 15.063101, "activity_lines": [ 360.737585, 359.659799, 356.693675, 357.971214 ] }, { "date": "2024-04-19", "close": 318.850861, "volume": 491826, "typical_volume": 529532.85, "trend": 354.000215, "fair_value": 400.061444, "relative_strength": -16.833964, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.140248, "energy": 28.380177, "activity_lines": [ 346.270475, 352.737235, 352.642285, 355.661394 ] }, { "date": "2024-04-26", "close": 328.251892, "volume": 189380, "typical_volume": 494398.25, "trend": 354.026329, "fair_value": 397.361867, "relative_strength": -16.562483, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.501773, "energy": 56.977832, "activity_lines": [ 338.018484, 347.823072, 349.907785, 354.000212 ] }, { "date": "2024-05-03", "close": 343.920258, "volume": 221037, "typical_volume": 421698.15, "trend": 354.731406, "fair_value": 394.762727, "relative_strength": -13.157678, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.030988, "energy": 53.915512, "activity_lines": [ 337.496216, 346.185022, 348.975146, 353.348207 ] }, { "date": "2024-05-10", "close": 345.487061, "volume": 258913, "typical_volume": 398463.45, "trend": 355.358139, "fair_value": 392.100569, "relative_strength": -14.042653, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.658911, "energy": 51.710178, "activity_lines": [ 338.384086, 345.1737, 348.396908, 352.751798 ] }, { "date": "2024-05-17", "close": 354.888062, "volume": 271917, "typical_volume": 373108.9, "trend": 356.193783, "fair_value": 389.891378, "relative_strength": -13.694812, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.041445, "energy": 23.251514, "activity_lines": [ 344.233598, 346.028335, 348.799806, 352.72147 ] }, { "date": "2024-05-24", "close": 350.971008, "volume": 189946, "typical_volume": 371497.75, "trend": 357.264454, "fair_value": 388.109141, "relative_strength": -15.617293, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.021421, "energy": 15.08591, "activity_lines": [ 348.464059, 346.156535, 348.967683, 352.384517 ] }, { "date": "2024-05-31", "close": 325.901642, "volume": 400809, "typical_volume": 375172.35, "trend": 356.898858, "fair_value": 386.280361, "relative_strength": -19.882881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.037546, "energy": 21.815531, "activity_lines": [ 342.196721, 341.983058, 346.852456, 350.36111 ] }, { "date": "2024-06-07", "close": 326.685059, "volume": 244781, "typical_volume": 367794.85, "trend": 356.454922, "fair_value": 383.968008, "relative_strength": -21.698184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.35856, "energy": 31.540845, "activity_lines": [ 336.347205, 338.678463, 344.901373, 348.411833 ] }, { "date": "2024-06-14", "close": 321.201141, "volume": 357845, "typical_volume": 371639.05, "trend": 355.671505, "fair_value": 381.670731, "relative_strength": -24.788878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.014362, "energy": 59.55824, "activity_lines": [ 329.81873, 334.932305, 342.461588, 346.137395 ] }, { "date": "2024-06-21", "close": 327.468475, "volume": 638243, "typical_volume": 394817.1, "trend": 352.381151, "fair_value": 379.267507, "relative_strength": -25.364545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.602764, "energy": 62.812223, "activity_lines": [ 326.998427, 333.265764, 340.700765, 344.317845 ] }, { "date": "2024-06-28", "close": 322.767944, "volume": 635415, "typical_volume": 423817.8, "trend": 349.560847, "fair_value": 376.605837, "relative_strength": -25.31557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.246788, "energy": 63.617595, "activity_lines": [ 324.439254, 331.157654, 338.522116, 342.407315 ] }, { "date": "2024-07-05", "close": 325.118195, "volume": 387241, "typical_volume": 434163.05, "trend": 347.288935, "fair_value": 373.922702, "relative_strength": -25.928436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.782238, "energy": 54.590518, "activity_lines": [ 324.543701, 329.405644, 336.62699, 340.83037 ] }, { "date": "2024-07-12", "close": 311.80011, "volume": 850238, "typical_volume": 453044.7, "trend": 344.781999, "fair_value": 371.446438, "relative_strength": -29.518746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.392207, "energy": 54.330121, "activity_lines": [ 320.261017, 325.289139, 333.590313, 338.540768 ] }, { "date": "2024-07-19", "close": 302.399139, "volume": 666509, "typical_volume": 464294.55, "trend": 342.745113, "fair_value": 369.18389, "relative_strength": -28.134266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.692702, "energy": 69.648317, "activity_lines": [ 313.837006, 320.04737, 329.900793, 335.80639 ] }, { "date": "2024-07-26", "close": 292.214691, "volume": 262872, "typical_volume": 385093.4, "trend": 339.689785, "fair_value": 366.454222, "relative_strength": -27.80444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.30974, "energy": 79.927033, "activity_lines": [ 305.271645, 313.7373, 325.487543, 332.546363 ] }, { "date": "2024-08-02", "close": 276.546326, "volume": 408723, "typical_volume": 375624.25, "trend": 336.477773, "fair_value": 363.797635, "relative_strength": -29.745213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.505097, "energy": 91.408519, "activity_lines": [ 293.833748, 305.717952, 319.876781, 328.472592 ] }, { "date": "2024-08-09", "close": 261.96756, "volume": 517265, "typical_volume": 384414.9, "trend": 333.719904, "fair_value": 361.230248, "relative_strength": -32.509139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.892115, "energy": 94.089429, "activity_lines": [ 280.617704, 296.401095, 313.299118, 323.665481 ] }, { "date": "2024-08-16", "close": 274.785522, "volume": 192771, "typical_volume": 382210.05, "trend": 331.754893, "fair_value": 358.82722, "relative_strength": -31.588502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.342491, "energy": 87.653666, "activity_lines": [ 275.884357, 290.577214, 308.43692, 319.863263 ] }, { "date": "2024-08-23", "close": 272.382141, "volume": 161678, "typical_volume": 381785.95, "trend": 329.553086, "fair_value": 356.495546, "relative_strength": -31.22231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.283706, "energy": 85.450069, "activity_lines": [ 272.817521, 285.259984, 303.738462, 316.032763 ] }, { "date": "2024-08-30", "close": 286.001221, "volume": 156025, "typical_volume": 375171.7, "trend": 327.961932, "fair_value": 354.305969, "relative_strength": -27.682072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.393132, "energy": 63.111707, "activity_lines": [ 276.291512, 283.306567, 300.815746, 313.222965 ] }, { "date": "2024-09-06", "close": 261.96756, "volume": 257219, "typical_volume": 363441.35, "trend": 325.51743, "fair_value": 351.898403, "relative_strength": -30.579875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.352786, "energy": 62.929734, "activity_lines": [ 272.168514, 277.737345, 295.90976, 308.965264 ] }, { "date": "2024-09-13", "close": 269.177673, "volume": 182030, "typical_volume": 363073.85, "trend": 322.76487, "fair_value": 349.719707, "relative_strength": -29.077129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.821785, "energy": 56.068037, "activity_lines": [ 271.420805, 274.584513, 291.961324, 305.330441 ] }, { "date": "2024-09-20", "close": 273.984406, "volume": 256653, "typical_volume": 364854.65, "trend": 319.806942, "fair_value": 348.181725, "relative_strength": -28.454945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.22917, "energy": 50.354368, "activity_lines": [ 271.794666, 273.322733, 288.751978, 302.183314 ] }, { "date": "2024-09-27", "close": 287.603485, "volume": 821973, "typical_volume": 393007.65, "trend": 317.590235, "fair_value": 346.571035, "relative_strength": -26.474231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.978955, "energy": 39.377466, "activity_lines": [ 276.761627, 275.224708, 287.172715, 300.105672 ] }, { "date": "2024-10-04", "close": 277.188904, "volume": 178074, "typical_volume": 388315.5, "trend": 315.026376, "fair_value": 345.190072, "relative_strength": -26.901182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.331012, "energy": 31.718242, "activity_lines": [ 277.242306, 275.502135, 284.877223, 297.499134 ] }, { "date": "2024-10-11", "close": 274.785522, "volume": 169594, "typical_volume": 387297.9, "trend": 312.016811, "fair_value": 343.939592, "relative_strength": -28.829007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.708265, "energy": 28.794633, "activity_lines": [ 277.509344, 275.615779, 282.722834, 294.90295 ] }, { "date": "2024-10-18", "close": 273.984406, "volume": 234605, "typical_volume": 378987.7, "trend": 308.954427, "fair_value": 342.458083, "relative_strength": -30.136804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.480859, "energy": 26.956924, "activity_lines": [ 276.654814, 275.61578, 280.854936, 292.449246 ] }, { "date": "2024-10-25", "close": 270.779877, "volume": 172420, "typical_volume": 375369.65, "trend": 306.072479, "fair_value": 341.0078, "relative_strength": -29.884077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.626184, "energy": 35.104623, "activity_lines": [ 274.411658, 274.814651, 278.929069, 289.986372 ] }, { "date": "2024-11-01", "close": 269.177673, "volume": 314315, "typical_volume": 373193.15, "trend": 302.614846, "fair_value": 339.509596, "relative_strength": -27.839158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.318642, "energy": 36.866413, "activity_lines": [ 271.848069, 273.795043, 277.116827, 287.606062 ] }, { "date": "2024-11-08", "close": 264.370911, "volume": 241390, "typical_volume": 353350.5, "trend": 299.754291, "fair_value": 337.975875, "relative_strength": -30.711007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.597752, "energy": 42.746075, "activity_lines": [ 268.910614, 271.959741, 275.094529, 285.138711 ] }, { "date": "2024-11-15", "close": 269.97876, "volume": 1283273, "typical_volume": 385743.4, "trend": 298.125221, "fair_value": 336.45457, "relative_strength": -26.000829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.705122, "energy": 35.988128, "activity_lines": [ 268.696975, 271.537326, 273.906776, 283.217709 ] }, { "date": "2024-11-22", "close": 267.575409, "volume": 395826, "typical_volume": 386172.65, "trend": 296.102671, "fair_value": 334.804912, "relative_strength": -26.026695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.228135, "energy": 34.263386, "activity_lines": [ 268.002669, 270.53228, 272.74151, 281.246754 ] }, { "date": "2024-11-29", "close": 269.97876, "volume": 1293449, "typical_volume": 408333.2, "trend": 293.637955, "fair_value": 332.831818, "relative_strength": -22.145468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.53835, "energy": 30.027303, "activity_lines": [ 268.536747, 269.993339, 272.079148, 279.56134 ] }, { "date": "2024-12-06", "close": 283.59787, "volume": 1100109, "typical_volume": 430013.2, "trend": 291.574982, "fair_value": 331.204864, "relative_strength": -20.479517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.470583, "energy": 14.009191, "activity_lines": [ 273.663937, 272.00343, 272.912993, 278.913593 ] }, { "date": "2024-12-13", "close": 291.6091, "volume": 1090499, "typical_volume": 471394.55, "trend": 289.465683, "fair_value": 329.789272, "relative_strength": -16.657401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.942861, "energy": 7.757689, "activity_lines": [ 280.500189, 275.542937, 274.599342, 278.915794 ] }, { "date": "2024-12-20", "close": 284.399017, "volume": 1004569, "typical_volume": 501186.85, "trend": 287.246617, "fair_value": 328.34158, "relative_strength": -16.023167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.668837, "energy": 13.226427, "activity_lines": [ 283.117202, 277.509335, 275.6019, 278.588912 ] }, { "date": "2024-12-27", "close": 292.410248, "volume": 1001745, "typical_volume": 525410.85, "trend": 286.130237, "fair_value": 326.99701, "relative_strength": -15.542071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.276931, "energy": 22.968867, "activity_lines": [ 287.443274, 280.75753, 277.330039, 278.92205 ] }, { "date": "2025-01-03", "close": 286.001221, "volume": 319403, "typical_volume": 531742.45, "trend": 284.774109, "fair_value": 325.620769, "relative_strength": -15.102455, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.873262, "energy": 25.474013, "activity_lines": [ 287.977348, 282.505431, 278.30283, 278.913726 ] }, { "date": "2025-01-10", "close": 261.96756, "volume": 621849, "typical_volume": 554751.0, "trend": 282.799656, "fair_value": 323.991636, "relative_strength": -21.737278, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -35.550553, "energy": 14.861339, "activity_lines": [ 279.432037, 279.606824, 276.933292, 277.442336 ] }, { "date": "2025-01-17", "close": 254.757431, "volume": 404201, "typical_volume": 567159.8, "trend": 280.375955, "fair_value": 322.537474, "relative_strength": -23.543748, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.213726, "energy": 24.914483, "activity_lines": [ 269.925371, 275.528378, 274.926668, 275.63316 ] }, { "date": "2025-01-24", "close": 257.160797, "volume": 78578, "typical_volume": 558227.75, "trend": 278.18905, "fair_value": 321.174015, "relative_strength": -23.252789, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.821091, "energy": 37.455848, "activity_lines": [ 263.676605, 272.061698, 273.297716, 274.135408 ] }, { "date": "2025-02-07", "close": 267.575409, "volume": 423031, "typical_volume": 570277.8, "trend": 276.270957, "fair_value": 319.900848, "relative_strength": -19.211746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.818104, "energy": 38.060084, "activity_lines": [ 262.715258, 270.721638, 272.683522, 273.450657 ] }, { "date": "2025-02-14", "close": 265.172028, "volume": 336115, "typical_volume": 574250.9, "trend": 274.716688, "fair_value": 318.654629, "relative_strength": -18.020484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.918184, "energy": 46.498591, "activity_lines": [ 262.608439, 268.944599, 271.848064, 272.734597 ] }, { "date": "2025-02-21", "close": 273.183258, "volume": 331453, "typical_volume": 549724.9, "trend": 273.742825, "fair_value": 317.558593, "relative_strength": -16.752532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.252645, "energy": 27.433558, "activity_lines": [ 266.560644, 268.711542, 271.817544, 272.635666 ] }, { "date": "2025-02-28", "close": 267.575409, "volume": 253329, "typical_volume": 553487.65, "trend": 272.921515, "fair_value": 316.459553, "relative_strength": -15.170583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.37625, "energy": 15.876863, "activity_lines": [ 267.895852, 267.648234, 271.32161, 272.237768 ] }, { "date": "2025-03-07", "close": 254.757431, "volume": 311729, "typical_volume": 560594.4, "trend": 272.195219, "fair_value": 315.560714, "relative_strength": -16.658765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.011441, "energy": 27.813976, "activity_lines": [ 264.103869, 264.69136, 269.650696, 271.065892 ] }, { "date": "2025-03-14", "close": 250.751801, "volume": 263458, "typical_volume": 562037.05, "trend": 271.82136, "fair_value": 314.622079, "relative_strength": -14.915327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.452033, "energy": 40.826468, "activity_lines": [ 259.1369, 261.545127, 267.693665, 269.682446 ] }, { "date": "2025-03-21", "close": 253.956314, "volume": 200777, "typical_volume": 563454.9, "trend": 271.127053, "fair_value": 313.647512, "relative_strength": -13.885154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.665824, "energy": 54.842775, "activity_lines": [ 256.359676, 259.73896, 266.152457, 268.529862 ] }, { "date": "2025-03-28", "close": 233.928177, "volume": 298603, "typical_volume": 562669.3, "trend": 269.845255, "fair_value": 312.530442, "relative_strength": -17.584356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.136553, "energy": 75.194034, "activity_lines": [ 247.654121, 254.873948, 262.783919, 266.129934 ] }, { "date": "2025-04-04", "close": 229.121445, "volume": 296826, "typical_volume": 565441.1, "trend": 267.949262, "fair_value": 311.448445, "relative_strength": -17.294502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.235766, "energy": 81.555378, "activity_lines": [ 239.963327, 249.644791, 259.125452, 263.502592 ] }, { "date": "2025-04-11", "close": 173.843887, "volume": 779173, "typical_volume": 540236.1, "trend": 265.011806, "fair_value": 310.03093, "relative_strength": -30.59408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.633523, "energy": 95.202215, "activity_lines": [ 216.410278, 234.831279, 250.370311, 257.431277 ] }, { "date": "2025-04-18", "close": 187.462997, "volume": 620351, "typical_volume": 551462.35, "trend": 262.287984, "fair_value": 308.808957, "relative_strength": -23.815712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.738088, "energy": 94.562563, "activity_lines": [ 202.791169, 224.008821, 243.370013, 252.428128 ] }, { "date": "2025-04-25", "close": 188.26413, "volume": 275401, "typical_volume": 500559.95, "trend": 259.430641, "fair_value": 307.601532, "relative_strength": -24.545239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.373697, "energy": 91.124474, "activity_lines": [ 193.658358, 214.788613, 236.827501, 247.652396 ] }, { "date": "2025-05-02", "close": 194.673126, "volume": 213706, "typical_volume": 456239.8, "trend": 256.332963, "fair_value": 306.406954, "relative_strength": -24.608043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.189421, "energy": 88.022007, "activity_lines": [ 191.041357, 208.132002, 231.284486, 243.474492 ] }, { "date": "2025-05-09", "close": 187.462997, "volume": 254820, "typical_volume": 414455.85, "trend": 253.342099, "fair_value": 305.297928, "relative_strength": -26.942976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.26538, "energy": 84.821295, "activity_lines": [ 188.637984, 201.591916, 225.478244, 239.031268 ] }, { "date": "2025-05-16", "close": 197.076492, "volume": 304195, "typical_volume": 379437.15, "trend": 250.751798, "fair_value": 304.354063, "relative_strength": -25.567832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.281503, "energy": 64.108693, "activity_lines": [ 192.216339, 198.256327, 221.083507, 235.401229 ] }, { "date": "2025-05-23", "close": 189.065247, "volume": 257319, "typical_volume": 342215.85, "trend": 247.921159, "fair_value": 303.316488, "relative_strength": -27.040528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.42354, "energy": 61.917886, "activity_lines": [ 191.575438, 194.512892, 216.341615, 231.421451 ] }, { "date": "2025-05-30", "close": 185.860764, "volume": 197925, "typical_volume": 336141.95, "trend": 245.090522, "fair_value": 302.324257, "relative_strength": -26.357023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.93377, "energy": 61.03382, "activity_lines": [ 189.75956, 191.308398, 211.786654, 227.417555 ] }, { "date": "2025-06-06", "close": 176.247253, "volume": 460905, "typical_volume": 328094.75, "trend": 241.992842, "fair_value": 301.43041, "relative_strength": -30.354566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.073449, "energy": 63.660091, "activity_lines": [ 184.899403, 187.594094, 206.792979, 222.976054 ] }, { "date": "2025-06-13", "close": 176.247253, "volume": 428152, "typical_volume": 329292.3, "trend": 239.055386, "fair_value": 300.282431, "relative_strength": -30.863292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.743713, "energy": 64.64063, "activity_lines": [ 181.267637, 184.928534, 202.207497, 218.734403 ] }, { "date": "2025-06-20", "close": 184.258499, "volume": 646348, "typical_volume": 357680.8, "trend": 236.198044, "fair_value": 299.199925, "relative_strength": -26.911696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.475071, "energy": 58.143661, "activity_lines": [ 181.054003, 184.680913, 198.758848, 215.19912 ] }, { "date": "2025-06-27", "close": 200.280991, "volume": 703021, "typical_volume": 371680.3, "trend": 233.954897, "fair_value": 298.49779, "relative_strength": -21.750205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.893198, "energy": 47.253356, "activity_lines": [ 187.035732, 187.157116, 197.183305, 212.88189 ] }, { "date": "2025-07-04", "close": 189.065247, "volume": 321777, "typical_volume": 370963.4, "trend": 231.25778, "fair_value": 297.822587, "relative_strength": -25.312262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.22438, "energy": 36.276716, "activity_lines": [ 188.531164, 187.361038, 194.860045, 209.985784 ] }, { "date": "2025-07-11", "close": 185.860764, "volume": 240490, "typical_volume": 366415.25, "trend": 227.999876, "fair_value": 297.338619, "relative_strength": -26.52614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.421554, "energy": 35.996933, "activity_lines": [ 188.744802, 186.967761, 192.59401, 207.056944 ] }, { "date": "2025-07-18", "close": 192.26976, "volume": 339789, "typical_volume": 370738.25, "trend": 224.688565, "fair_value": 296.914559, "relative_strength": -25.426273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.981861, "energy": 28.709731, "activity_lines": [ 190.453872, 187.899981, 191.354176, 204.751775 ] }, { "date": "2025-07-25", "close": 193.871994, "volume": 299663, "typical_volume": 370134.95, "trend": 221.670998, "fair_value": 296.434883, "relative_strength": -24.092434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.118967, "energy": 29.08438, "activity_lines": [ 191.628852, 189.03612, 190.625535, 202.76361 ] }, { "date": "2025-08-01", "close": 200.464691, "volume": 302628, "typical_volume": 372093.45, "trend": 218.606146, "fair_value": 295.95982, "relative_strength": -21.099262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.56503, "energy": 17.627349, "activity_lines": [ 194.360499, 191.429195, 190.8147, 201.395461 ] }, { "date": "2025-08-08", "close": 203.141891, "volume": 1163448, "typical_volume": 420227.0, "trend": 215.844168, "fair_value": 295.506624, "relative_strength": -21.396126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.244194, "energy": 14.845165, "activity_lines": [ 197.972299, 194.101772, 191.498299, 200.397767 ] }, { "date": "2025-08-15", "close": 235.040222, "volume": 2559913, "typical_volume": 533292.5, "trend": 214.94659, "fair_value": 295.32379, "relative_strength": -9.813973, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 25.626605, "energy": 34.403854, "activity_lines": [ 211.278433, 202.259842, 195.461808, 201.636222 ] }, { "date": "2025-08-22", "close": 214.893906, "volume": 1978569, "typical_volume": 617379.65, "trend": 213.617806, "fair_value": 295.001068, "relative_strength": -15.070448, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.546841, "energy": 34.755953, "activity_lines": [ 214.590498, 205.685983, 197.501324, 201.632823 ] }, { "date": "2025-08-29", "close": 219.091064, "volume": 622752, "typical_volume": 609558.6, "trend": 212.348815, "fair_value": 294.542619, "relative_strength": -14.584483, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.784968, "energy": 47.633269, "activity_lines": [ 217.793339, 209.172577, 200.00832, 201.985936 ] }, { "date": "2025-09-05", "close": 216.572769, "volume": 498795, "typical_volume": 603480.8, "trend": 210.648727, "fair_value": 294.107453, "relative_strength": -15.855811, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.897779, "energy": 47.380161, "activity_lines": [ 218.475477, 211.56798, 202.060016, 202.25845 ] }, { "date": "2025-09-12", "close": 212.375626, "volume": 520757, "typical_volume": 615748.6, "trend": 208.888847, "fair_value": 293.354616, "relative_strength": -20.092874, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.682354, "energy": 28.748788, "activity_lines": [ 216.684695, 212.904052, 203.573366, 202.369862 ] }, { "date": "2025-09-19", "close": 217.412201, "volume": 600622, "typical_volume": 635094.4, "trend": 207.029812, "fair_value": 292.974113, "relative_strength": -17.944142, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.529779, "energy": 26.37446, "activity_lines": [ 215.95719, 214.73204, 205.451573, 202.919756 ] }, { "date": "2025-09-26", "close": 210.696762, "volume": 443358, "typical_volume": 644521.3, "trend": 205.133857, "fair_value": 292.550563, "relative_strength": -19.870736, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.814219, "energy": 17.178578, "activity_lines": [ 214.166406, 214.765376, 206.581933, 203.156334 ] }, { "date": "2025-10-03", "close": 203.981339, "volume": 390554, "typical_volume": 648839.25, "trend": 203.44132, "fair_value": 292.236741, "relative_strength": -25.150142, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 9.815629, "energy": 9.654694, "activity_lines": [ 210.416958, 213.24269, 206.962092, 203.081978 ] }, { "date": "2025-10-10", "close": 197.2659, "volume": 345312, "typical_volume": 653238.9, "trend": 201.658457, "fair_value": 291.983365, "relative_strength": -28.344247, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.892193, "energy": 16.453104, "activity_lines": [ 205.436345, 210.315208, 206.669805, 202.683564 ] }, { "date": "2025-10-17", "close": 188.032181, "volume": 382860, "typical_volume": 662485.65, "trend": 199.460986, "fair_value": 291.55252, "relative_strength": -31.027089, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.31405, "energy": 21.89357, "activity_lines": [ 198.66495, 205.767029, 205.459065, 201.804449 ] }, { "date": "2025-10-24", "close": 195.587036, "volume": 256889, "typical_volume": 652284.85, "trend": 198.182948, "fair_value": 291.268669, "relative_strength": -28.224378, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.687431, "energy": 24.765321, "activity_lines": [ 196.034736, 202.867182, 204.957496, 201.554517 ] }, { "date": "2025-10-31", "close": 199.784195, "volume": 680375, "typical_volume": 664896.0, "trend": 197.205039, "fair_value": 291.041292, "relative_strength": -27.871073, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.853877, "energy": 22.621237, "activity_lines": [ 196.258587, 201.447785, 204.763562, 201.657823 ] }, { "date": "2025-11-07", "close": 191.389893, "volume": 348304, "typical_volume": 649993.8, "trend": 197.789906, "fair_value": 290.824172, "relative_strength": -28.76398, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.976534, "energy": 28.627424, "activity_lines": [ 194.411841, 198.776873, 203.658089, 201.282652 ] }, { "date": "2025-11-14", "close": 188.871597, "volume": 325062, "typical_volume": 631095.85, "trend": 197.83686, "fair_value": 290.383923, "relative_strength": -28.436447, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.524017, "energy": 36.007829, "activity_lines": [ 192.565093, 196.151747, 202.27882, 200.707277 ] }, { "date": "2025-11-21", "close": 177.95903, "volume": 404021, "typical_volume": 635208.05, "trend": 197.493356, "fair_value": 289.834296, "relative_strength": -29.391595, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.298549, "energy": 51.864504, "activity_lines": [ 187.640443, 192.046175, 199.91459, 199.424837 ] }, { "date": "2025-11-28", "close": 193.068741, "volume": 319987, "typical_volume": 639182.9, "trend": 197.439877, "fair_value": 289.317459, "relative_strength": -25.999893, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.212418, "energy": 43.690979, "activity_lines": [ 188.423906, 191.31358, 199.042266, 199.139378 ] }, { "date": "2025-12-05", "close": 189.711029, "volume": 146542, "typical_volume": 629520.55, "trend": 197.514811, "fair_value": 288.680533, "relative_strength": -27.417553, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.216634, "energy": 39.714529, "activity_lines": [ 188.256019, 190.413101, 197.815836, 198.640742 ] }, { "date": "2025-12-12", "close": 204.82077, "volume": 437684, "typical_volume": 636421.6, "trend": 197.772954, "fair_value": 287.972904, "relative_strength": -21.437193, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.553258, "energy": 9.377296, "activity_lines": [ 193.796256, 192.641405, 198.040614, 199.112095 ] }, { "date": "2025-12-19", "close": 223.288208, "volume": 5148269, "typical_volume": 878703.65, "trend": 198.913719, "fair_value": 287.575857, "relative_strength": -11.958985, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.884383, "energy": 25.81645, "activity_lines": [ 204.596915, 198.212164, 199.972058, 200.75824 ] }, { "date": "2025-12-26", "close": 256.02594, "volume": 5075485, "typical_volume": 1074305.5, "trend": 201.252558, "fair_value": 287.388668, "relative_strength": -1.3296, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.342539, "energy": 70.792868, "activity_lines": [ 224.015709, 209.262104, 204.912699, 204.442899 ] }, { "date": "2026-01-02", "close": 241.755661, "volume": 1992107, "typical_volume": 1045915.2, "trend": 203.436172, "fair_value": 287.169142, "relative_strength": -8.511538, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.097113, "energy": 80.165705, "activity_lines": [ 233.473284, 216.481198, 208.242436, 207.056003 ] }, { "date": "2026-01-09", "close": 237.558517, "volume": 2196800, "typical_volume": 1056826.75, "trend": 205.479881, "fair_value": 286.893141, "relative_strength": -12.015061, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.800718, "energy": 79.263772, "activity_lines": [ 238.286016, 222.097745, 211.140467, 209.257444 ] }, { "date": "2026-01-16", "close": 275.332825, "volume": 10392948, "typical_volume": 1545336.55, "trend": 208.515692, "fair_value": 286.874068, "relative_strength": -1.101465, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.523864, "energy": 87.868268, "activity_lines": [ 252.500351, 233.895543, 217.528124, 213.764086 ] }, { "date": "2026-01-23", "close": 270.296234, "volume": 3991361, "typical_volume": 1719964.85, "trend": 210.849533, "fair_value": 286.758642, "relative_strength": -4.05936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.710155, "energy": 81.26648, "activity_lines": [ 260.335019, 243.251362, 223.168288, 217.749927 ] }, { "date": "2026-01-30", "close": 259.383698, "volume": 4131325, "typical_volume": 1900493.25, "trend": 213.193481, "fair_value": 286.578192, "relative_strength": -7.65381, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.911703, "energy": 61.171291, "activity_lines": [ 261.398306, 249.142635, 227.513337, 220.881164 ] }, { "date": "2026-02-06", "close": 243.434509, "volume": 2650142, "typical_volume": 2002969.25, "trend": 215.112606, "fair_value": 285.935741, "relative_strength": -11.842978, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.686389, "energy": 50.278186, "activity_lines": [ 256.921347, 250.653607, 230.115568, 222.832198 ] }, { "date": "2026-02-13", "close": 241.755661, "volume": 665036, "typical_volume": 2014053.15, "trend": 216.762136, "fair_value": 285.386021, "relative_strength": -16.41161, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.032764, "energy": 38.974647, "activity_lines": [ 251.772849, 250.943593, 232.433992, 224.551105 ] }, { "date": "2026-02-27", "close": 265.259674, "volume": 1741273, "typical_volume": 2081589.1, "trend": 219.141726, "fair_value": 284.819408, "relative_strength": -12.180038, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.961461, "energy": 34.521189, "activity_lines": [ 254.179211, 254.560769, 236.842995, 227.679978 ] }, { "date": "2026-03-06", "close": 244.273956, "volume": 1690926, "typical_volume": 2148869.8, "trend": 220.602035, "fair_value": 284.064061, "relative_strength": -13.9176, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.224447, "energy": 24.392793, "activity_lines": [ 250.261878, 253.263472, 238.961556, 229.301412 ] }, { "date": "2026-03-13", "close": 233.361359, "volume": 988104, "typical_volume": 2179132.0, "trend": 221.60935, "fair_value": 283.41125, "relative_strength": -16.455156, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.22644, "energy": 18.701411, "activity_lines": [ 244.441831, 249.600507, 239.816974, 230.124595 ] }, { "date": "2026-03-20", "close": 236.719086, "volume": 934896, "typical_volume": 2213032.35, "trend": 221.665312, "fair_value": 282.779962, "relative_strength": -14.761681, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.092638, "energy": 16.280641, "activity_lines": [ 241.47585, 246.960121, 240.776322, 231.099416 ] }, { "date": "2026-03-27", "close": 237.558517, "volume": 790029, "typical_volume": 2218515.05, "trend": 222.420799, "fair_value": 282.341329, "relative_strength": -12.479121, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.456029, "energy": 18.079545, "activity_lines": [ 239.237373, 244.563932, 241.61975, 232.124784 ] }, { "date": "2026-04-03", "close": 261.901947, "volume": 2422721, "typical_volume": 2322235.9, "trend": 223.847829, "fair_value": 281.802475, "relative_strength": -1.264653, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.574107, "energy": 19.722144, "activity_lines": [ 245.393182, 246.593822, 244.601721, 234.671955 ] }, { "date": "2026-04-10", "close": 268.617401, "volume": 5776114, "typical_volume": 2594788.5, "trend": 225.58265, "fair_value": 281.213031, "relative_strength": -6.16535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.500796, "energy": 31.765877, "activity_lines": [ 254.011325, 250.088902, 247.887488, 237.560315 ] }, { "date": "2026-04-17", "close": 282.048279, "volume": 5116526, "typical_volume": 2830413.75, "trend": 227.905072, "fair_value": 280.714612, "relative_strength": -4.905133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.427687, "energy": 52.311645, "activity_lines": [ 265.483531, 256.056483, 252.072645, 241.203258 ] }, { "date": "2026-04-24", "close": 281.208832, "volume": 4841163, "typical_volume": 3056472.55, "trend": 230.031626, "fair_value": 280.205883, "relative_strength": -9.845129, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.848479, "energy": 65.038818, "activity_lines": [ 273.430126, 261.459355, 255.682191, 244.642211 ] }, { "date": "2026-05-01", "close": 287.084839, "volume": 7393448, "typical_volume": 3418817.85, "trend": 232.577895, "fair_value": 279.917165, "relative_strength": -7.48164, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.21878, "energy": 65.720775, "activity_lines": [ 280.369407, 267.243785, 259.431641, 248.323063 ] }, { "date": "2026-05-08", "close": 292.121429, "volume": 3527557, "typical_volume": 3573311.5, "trend": 235.515898, "fair_value": 279.739586, "relative_strength": -11.415945, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.472115, "energy": 66.960813, "activity_lines": [ 285.685797, 273.119793, 263.197083, 252.164581 ] }, { "date": "2026-05-15", "close": 278.690521, "volume": 5747489, "typical_volume": 3603272.5, "trend": 238.230052, "fair_value": 279.45127, "relative_strength": -14.145866, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.288061, "energy": 51.355281, "activity_lines": [ 284.510585, 276.065421, 265.267672, 254.950041 ] }, { "date": "2026-05-22", "close": 304.71283, "volume": 3588159, "typical_volume": 3528906.2, "trend": 242.119407, "fair_value": 279.379046, "relative_strength": -8.156381, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.465438, "energy": 47.915403, "activity_lines": [ 291.337935, 283.116623, 269.552757, 259.239252 ] }, { "date": "2026-05-29", "close": 335.771729, "volume": 8071357, "typical_volume": 3832868.7, "trend": 246.79223, "fair_value": 279.446778, "relative_strength": -4.083682, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.034189, "energy": 64.594728, "activity_lines": [ 307.007282, 294.517597, 276.563989, 265.281338 ] }, { "date": "2026-06-05", "close": 300.515717, "volume": 3444572, "typical_volume": 3895257.3, "trend": 250.149948, "fair_value": 279.342722, "relative_strength": -14.369627, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.552072, "energy": 46.516383, "activity_lines": [ 307.287097, 297.707431, 279.769811, 268.747369 ] }, { "date": "2026-06-12", "close": 371.027771, "volume": 7340942, "typical_volume": 3742657.0, "trend": 256.137877, "fair_value": 279.651239, "relative_strength": 7.811049, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.485743, "energy": 72.662347, "activity_lines": [ 330.175539, 312.572962, 289.39127, 276.545938 ] }, { "date": "2026-06-19", "close": 342.487183, "volume": 4894546, "typical_volume": 3787816.25, "trend": 261.258396, "fair_value": 279.530392, "relative_strength": -5.256397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.137059, "energy": 63.292687, "activity_lines": [ 338.290029, 320.265189, 295.838887, 282.116861 ] }, { "date": "2026-06-26", "close": 356.656036, "volume": 735201, "typical_volume": 3618010.05, "trend": 267.214963, "fair_value": 279.598935, "relative_strength": 2.945101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.299085, "energy": 57.422475, "activity_lines": [ 346.874359, 329.190484, 303.292153, 288.271548 ] }, { "date": "2026-07-03", "close": 280.141876, "volume": 2625978, "typical_volume": 3616801.85, "trend": 270.117401, "fair_value": 279.221358, "relative_strength": -22.404769, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.789663, "energy": 37.676793, "activity_lines": [ 326.491089, 322.847609, 302.995154, 289.105542 ] }, { "date": "2026-07-10", "close": 266.570984, "volume": 1047460, "typical_volume": 3635923.05, "trend": 272.6794, "fair_value": 278.820855, "relative_strength": -23.363305, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.721122, "energy": 12.842535, "activity_lines": [ 305.292845, 314.056698, 301.230892, 288.876741 ] }, { "date": "2026-07-17", "close": 224.404297, "volume": 1219664, "typical_volume": 3609842.6, "trend": 273.332184, "fair_value": 278.056416, "relative_strength": -30.924825, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.313535, "energy": 24.022521, "activity_lines": [ 272.30202, 297.972096, 295.332587, 285.762218 ] }, { "date": "2026-07-24", "close": 222.950272, "volume": 668119, "typical_volume": 3558702.25, "trend": 273.320919, "fair_value": 277.258015, "relative_strength": -32.386536, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.26677, "energy": 39.128502, "activity_lines": [ 248.601419, 282.854346, 289.490353, 282.511772 ] }, { "date": "2026-07-31", "close": 214.226135, "volume": 863746, "typical_volume": 3552484.35, "trend": 271.927593, "fair_value": 276.635317, "relative_strength": -33.663732, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.746244, "energy": 59.151713, "activity_lines": [ 229.9619, 267.163849, 282.91879, 278.699206 ] }, { "date": "2026-08-07", "close": 218.0, "volume": 806733, "typical_volume": 3546076.2, "trend": 271.135737, "fair_value": 275.987529, "relative_strength": -33.565148, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.950826, "energy": 62.072357, "activity_lines": [ 222.075662, 253.804722, 276.797763, 275.220006 ] }, { "date": "2026-08-14", "close": 225.0, "volume": 577825, "typical_volume": 3535466.0, "trend": 270.71712, "fair_value": 275.44868, "relative_strength": -33.190531, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.747295, "energy": 61.16516, "activity_lines": [ 220.66555, 243.859626, 271.432541, 272.243507 ] } ], "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." } } }