{ "ticker": { "uuid": "512119a1-4e81-40f3-b206-32e16956aec1", "symbol": "9924", "name": "Taiwan Fu Hsing Industrial Co.,Ltd.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -77.06, "architecture_energy": 70.552, "architecture_maturity": 64.686, "architecture_confidence": 80.949, "architecture_tenure": "Extended", "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": 11.14, "rotation_up": 14.77, "upward_expansion": 13.21, "deceleration": 42.0, "rotation_down": 73.04, "downward_expansion": 88.87 }, "activity_lines": [ 38.936666, 39.430909, 39.919082, 40.619948 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 38.349998, "trend_reference": 41.847219, "distance_from_trend": -0.083571, "trend_direction": "Weakening", "fair_value": 50.032102, "distance_from_fair_value": -0.233492, "fair_value_direction": "Weakening", "relative_strength": -41.051081, "relative_strength_direction": "Improving", "price_momentum": -0.145246, "excess_performance": -0.586618, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.083571, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.072812, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.233492, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.024743, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.410511, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.044059, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.145246, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.035748, "read": "Demand-led" } ], "volume": { "latest": 1218600, "relative_activity": 1.642684, "balance": 1.035748, "dry_up": 1.577056, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.028385, "annualized_volatility": 0.111229, "from_high_reference": -0.272696, "from_low_reference": 0.007884 }, "levels": { "trend_reference": 41.847219, "fair_value_reference": 50.032102, "structural_low": 38.049999, "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": 21, "median_return": -0.003627, "positive_rate": 0.47619, "directional_follow_through": 0.52381, "median_excess_return": -0.015056, "regime_survival": 0.714286, "best_return": 0.076227, "worst_return": -0.049887, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.004346, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.051527, "regime_survival": 0.5, "best_return": 0.079708, "worst_return": -0.119748, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.048234, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.041369, "regime_survival": 0.4, "best_return": 0.078811, "worst_return": -0.145246, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.021668, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.109055, "regime_survival": 0.0, "best_return": 0.092538, "worst_return": -0.135874, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-26", "end": "2024-06-14", "tenure": "Established", "return": 0.153231, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-09-20", "tenure": "Established", "return": 0.050373, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-11-15", "tenure": "Developing", "return": -0.061403, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": -0.026022, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": 0.013619, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-03-07", "tenure": "Developing", "return": 0.042389, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.022388, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-20", "tenure": "Developing", "return": 0.086704, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-08-01", "tenure": "Developing", "return": -0.036364, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2025-09-26", "tenure": "Developing", "return": 0.089279, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": -0.082143, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": 0.024668, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": -0.095841, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-08-14", "tenure": "Extended", "return": -0.185419, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 42.622562, "volume": 570408, "typical_volume": 543189.05, "trend": 41.149247, "fair_value": 37.845223, "relative_strength": -2.37925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.625641, "energy": 52.056925, "activity_lines": [ 42.695764, 42.669251, 42.169813, 41.764152 ] }, { "date": "2023-08-18", "close": 41.923836, "volume": 627194, "typical_volume": 556688.0, "trend": 41.246691, "fair_value": 37.90594, "relative_strength": -2.700673, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.879316, "energy": 33.001671, "activity_lines": [ 42.422928, 42.552692, 42.187969, 41.814125 ] }, { "date": "2023-08-25", "close": 42.12347, "volume": 276077, "typical_volume": 561449.0, "trend": 41.343006, "fair_value": 37.962351, "relative_strength": -2.847534, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.017965, "energy": 21.943921, "activity_lines": [ 42.283181, 42.471929, 42.221003, 41.870692 ] }, { "date": "2023-09-01", "close": 42.622562, "volume": 243829, "typical_volume": 551600.45, "trend": 41.448172, "fair_value": 38.016907, "relative_strength": -2.647371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.855988, "energy": 23.066306, "activity_lines": [ 42.353053, 42.483725, 42.296263, 41.953244 ] }, { "date": "2023-09-08", "close": 42.572655, "volume": 259816, "typical_volume": 539348.2, "trend": 41.553232, "fair_value": 38.072472, "relative_strength": -2.263437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.328291, "energy": 21.194995, "activity_lines": [ 42.412944, 42.483725, 42.358641, 42.025791 ] }, { "date": "2023-09-15", "close": 42.822205, "volume": 500192, "typical_volume": 548775.9, "trend": 41.660383, "fair_value": 38.113411, "relative_strength": -3.491185, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.292178, "energy": 36.074715, "activity_lines": [ 42.562674, 42.530913, 42.434002, 42.10766 ] }, { "date": "2023-09-22", "close": 42.672474, "volume": 508299, "typical_volume": 566776.5, "trend": 41.745416, "fair_value": 38.163232, "relative_strength": -0.328924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.831755, "energy": 37.32246, "activity_lines": [ 42.649183, 42.548154, 42.484245, 42.172956 ] }, { "date": "2023-09-29", "close": 42.672474, "volume": 382458, "typical_volume": 567944.55, "trend": 41.817995, "fair_value": 38.206137, "relative_strength": -0.236916, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.635501, "energy": 36.684983, "activity_lines": [ 42.685784, 42.569933, 42.526344, 42.232767 ] }, { "date": "2023-10-06", "close": 42.373016, "volume": 726832, "typical_volume": 584561.25, "trend": 41.865022, "fair_value": 38.24526, "relative_strength": -1.70654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.875759, "energy": 30.059102, "activity_lines": [ 42.585964, 42.53908, 42.531111, 42.268574 ] }, { "date": "2023-10-13", "close": 43.820389, "volume": 1764917, "typical_volume": 658296.6, "trend": 41.975864, "fair_value": 38.304036, "relative_strength": 0.207539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.883873, "energy": 48.897352, "activity_lines": [ 42.985239, 42.777737, 42.66745, 42.394727 ] }, { "date": "2023-10-20", "close": 43.071747, "volume": 1012492, "typical_volume": 666697.4, "trend": 42.044625, "fair_value": 38.353224, "relative_strength": 0.735704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.956661, "energy": 37.173384, "activity_lines": [ 43.051784, 42.859407, 42.718212, 42.465429 ] }, { "date": "2023-10-27", "close": 43.371204, "volume": 573028, "typical_volume": 626379.75, "trend": 42.121812, "fair_value": 38.397948, "relative_strength": 3.517372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.425627, "energy": 44.938215, "activity_lines": [ 43.201512, 42.987356, 42.790117, 42.551015 ] }, { "date": "2023-11-03", "close": 44.319481, "volume": 1004691, "typical_volume": 543083.55, "trend": 42.232164, "fair_value": 38.451411, "relative_strength": 3.577706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.876985, "energy": 71.838826, "activity_lines": [ 43.62075, 43.261404, 42.945311, 42.6928 ] }, { "date": "2023-11-10", "close": 48.062683, "volume": 10573894, "typical_volume": 1056440.5, "trend": 42.470404, "fair_value": 38.530198, "relative_strength": 11.157715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.999264, "energy": 90.713054, "activity_lines": [ 45.177922, 44.176106, 43.447019, 43.068963 ] }, { "date": "2023-11-17", "close": 48.362137, "volume": 2809388, "typical_volume": 1175650.2, "trend": 42.738865, "fair_value": 38.614363, "relative_strength": 8.392672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.15655, "energy": 97.395741, "activity_lines": [ 46.455601, 45.046343, 43.950628, 43.449074 ] }, { "date": "2023-11-24", "close": 48.162495, "volume": 1704373, "typical_volume": 1238152.35, "trend": 42.992887, "fair_value": 38.693525, "relative_strength": 7.349622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.576924, "energy": 94.266868, "activity_lines": [ 47.363949, 45.775018, 44.40813, 43.798986 ] }, { "date": "2023-12-01", "close": 49.909325, "volume": 2148895, "typical_volume": 1330513.05, "trend": 43.291125, "fair_value": 38.776701, "relative_strength": 10.090638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.916111, "energy": 96.636412, "activity_lines": [ 48.515191, 46.724203, 45.005853, 44.245208 ] }, { "date": "2023-12-08", "close": 47.813133, "volume": 2374830, "typical_volume": 1434200.5, "trend": 43.52416, "fair_value": 38.844578, "relative_strength": 5.683043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.136117, "energy": 87.410858, "activity_lines": [ 48.531827, 47.160682, 45.370666, 44.53695 ] }, { "date": "2023-12-15", "close": 48.91114, "volume": 1673685, "typical_volume": 1501012.3, "trend": 43.786011, "fair_value": 38.91577, "relative_strength": 6.246305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.155471, "energy": 68.022842, "activity_lines": [ 48.681556, 47.703333, 45.816048, 44.884497 ] }, { "date": "2023-12-22", "close": 48.312229, "volume": 2379545, "typical_volume": 1605742.15, "trend": 44.035683, "fair_value": 38.986847, "relative_strength": 5.345926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.985621, "energy": 62.093601, "activity_lines": [ 48.575083, 48.018216, 46.17492, 45.176511 ] }, { "date": "2023-12-29", "close": 47.763222, "volume": 2148191, "typical_volume": 1684631.3, "trend": 44.243701, "fair_value": 39.055734, "relative_strength": 2.23758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.171494, "energy": 50.459019, "activity_lines": [ 48.288936, 48.151609, 46.454649, 45.416998 ] }, { "date": "2024-01-05", "close": 47.41386, "volume": 1453391, "typical_volume": 1725941.15, "trend": 44.427618, "fair_value": 39.119722, "relative_strength": 3.876642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.351367, "energy": 40.360839, "activity_lines": [ 47.912953, 48.136183, 46.676627, 45.621524 ] }, { "date": "2024-01-12", "close": 48.811321, "volume": 2360851, "typical_volume": 1830179.85, "trend": 44.647219, "fair_value": 39.19586, "relative_strength": 6.928828, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.521818, "energy": 40.609503, "activity_lines": [ 48.169154, 48.301338, 47.005553, 45.904344 ] }, { "date": "2024-01-19", "close": 48.91114, "volume": 2174171, "typical_volume": 1926696.95, "trend": 44.861829, "fair_value": 39.270776, "relative_strength": 6.019394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.62971, "energy": 40.371525, "activity_lines": [ 48.392082, 48.402971, 47.312139, 46.179435 ] }, { "date": "2024-01-26", "close": 48.711502, "volume": 1169541, "typical_volume": 1972183.2, "trend": 45.06313, "fair_value": 39.344678, "relative_strength": 3.686302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.801769, "energy": 42.253932, "activity_lines": [ 48.548465, 48.452881, 47.569767, 46.427801 ] }, { "date": "2024-02-02", "close": 49.510048, "volume": 2665082, "typical_volume": 2080427.7, "trend": 45.291049, "fair_value": 39.423698, "relative_strength": 4.843713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.823335, "energy": 48.664155, "activity_lines": [ 48.944411, 48.641628, 47.874213, 46.714699 ] }, { "date": "2024-02-09", "close": 50.009144, "volume": 644307, "typical_volume": 2087228.1, "trend": 45.527287, "fair_value": 39.512037, "relative_strength": 5.507229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.501396, "energy": 63.372157, "activity_lines": [ 49.390268, 48.89662, 48.194346, 47.019093 ] }, { "date": "2024-02-16", "close": 51.506424, "volume": 2297414, "typical_volume": 2182975.9, "trend": 45.818425, "fair_value": 39.610506, "relative_strength": 5.518621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.190926, "energy": 77.310766, "activity_lines": [ 50.162199, 49.422029, 48.62214, 47.404843 ] }, { "date": "2024-02-23", "close": 52.105339, "volume": 3042846, "typical_volume": 2298776.6, "trend": 46.13119, "fair_value": 39.710419, "relative_strength": 5.020946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.299961, "energy": 82.114357, "activity_lines": [ 50.954095, 49.989181, 49.064907, 47.810451 ] }, { "date": "2024-03-01", "close": 51.007332, "volume": 1666986, "typical_volume": 2293880.05, "trend": 46.409018, "fair_value": 39.803295, "relative_strength": 2.479633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.32878, "energy": 75.524923, "activity_lines": [ 51.167042, 50.298619, 49.356758, 48.12504 ] }, { "date": "2024-03-08", "close": 53.003704, "volume": 3188190, "typical_volume": 2402664.95, "trend": 46.755056, "fair_value": 39.907637, "relative_strength": 1.888575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.823539, "energy": 77.231078, "activity_lines": [ 51.89239, 50.922032, 49.804516, 48.550504 ] }, { "date": "2024-03-15", "close": 53.003704, "volume": 2844120, "typical_volume": 2516219.55, "trend": 47.124385, "fair_value": 40.007191, "relative_strength": 2.366633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.899597, "energy": 71.251348, "activity_lines": [ 52.384829, 51.450163, 50.204979, 48.953643 ] }, { "date": "2024-03-22", "close": 53.502796, "volume": 1482816, "typical_volume": 2540125.8, "trend": 47.503696, "fair_value": 40.109412, "relative_strength": 0.491772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.334493, "energy": 68.970708, "activity_lines": [ 52.843994, 51.967405, 50.607106, 49.365153 ] }, { "date": "2024-03-29", "close": 53.902069, "volume": 1196120, "typical_volume": 2071237.1, "trend": 47.87968, "fair_value": 40.210735, "relative_strength": 0.861739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.114862, "energy": 72.538778, "activity_lines": [ 53.303159, 52.471942, 51.003528, 49.777951 ] }, { "date": "2024-04-05", "close": 54.500984, "volume": 809347, "typical_volume": 1971235.05, "trend": 48.277291, "fair_value": 40.315365, "relative_strength": 1.698992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.397164, "energy": 68.831344, "activity_lines": [ 53.84218, 52.994629, 51.429183, 50.205132 ] }, { "date": "2024-04-12", "close": 53.402977, "volume": 1769551, "typical_volume": 1974493.95, "trend": 48.629983, "fair_value": 40.408699, "relative_strength": -2.271975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.812394, "energy": 57.037276, "activity_lines": [ 53.782288, 53.212415, 51.721034, 50.535822 ] }, { "date": "2024-04-19", "close": 52.804066, "volume": 2225916, "typical_volume": 1978345.0, "trend": 48.967703, "fair_value": 40.498993, "relative_strength": 2.526746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.013934, "energy": 49.180502, "activity_lines": [ 53.496142, 53.250528, 51.930891, 50.805117 ] }, { "date": "2024-04-26", "close": 53.802254, "volume": 1584466, "typical_volume": 1938826.8, "trend": 49.338696, "fair_value": 40.590099, "relative_strength": 1.331044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.885037, "energy": 45.017891, "activity_lines": [ 53.556033, 53.419312, 52.222029, 51.117024 ] }, { "date": "2024-05-03", "close": 56.597176, "volume": 3071448, "typical_volume": 2008714.95, "trend": 49.812834, "fair_value": 40.696461, "relative_strength": 5.37016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.70974, "energy": 54.038676, "activity_lines": [ 54.527602, 54.054522, 52.75083, 51.585313 ] }, { "date": "2024-05-10", "close": 59.891193, "volume": 5799571, "typical_volume": 2179716.25, "trend": 50.348528, "fair_value": 40.825003, "relative_strength": 9.25895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.934979, "energy": 65.166336, "activity_lines": [ 56.417503, 55.206974, 53.556747, 52.23553 ] }, { "date": "2024-05-17", "close": 56.896633, "volume": 2869347, "typical_volume": 2215774.05, "trend": 50.809357, "fair_value": 40.942329, "relative_strength": 1.010974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.775806, "energy": 70.71287, "activity_lines": [ 56.949869, 55.653436, 54.02233, 52.657988 ] }, { "date": "2024-05-24", "close": 55.798622, "volume": 2329881, "typical_volume": 2259598.55, "trend": 51.223604, "fair_value": 41.066716, "relative_strength": -2.428803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.423839, "energy": 70.091248, "activity_lines": [ 56.883322, 55.829479, 54.339848, 52.979876 ] }, { "date": "2024-05-31", "close": 56.397537, "volume": 1616075, "typical_volume": 2222359.75, "trend": 51.626206, "fair_value": 41.195474, "relative_strength": 0.310521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.116355, "energy": 55.296574, "activity_lines": [ 56.816776, 56.063599, 54.674478, 53.313678 ] }, { "date": "2024-06-07", "close": 56.996449, "volume": 3266268, "typical_volume": 2276964.6, "trend": 51.923999, "fair_value": 41.323549, "relative_strength": -1.887125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.212938, "energy": 45.655365, "activity_lines": [ 56.776848, 56.35398, 55.030022, 53.660145 ] }, { "date": "2024-06-14", "close": 56.175594, "volume": 4416350, "typical_volume": 2439305.05, "trend": 52.184447, "fair_value": 41.445829, "relative_strength": -6.114024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.781881, "energy": 34.155507, "activity_lines": [ 56.436684, 56.438854, 55.268888, 53.934442 ] }, { "date": "2024-06-21", "close": 56.491779, "volume": 1911406, "typical_volume": 2401621.25, "trend": 52.46209, "fair_value": 41.568275, "relative_strength": -8.599183, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.836209, "energy": 32.861299, "activity_lines": [ 56.449621, 56.550768, 55.502324, 54.212334 ] }, { "date": "2024-06-28", "close": 55.964806, "volume": 1126650, "typical_volume": 2425738.4, "trend": 52.663939, "fair_value": 41.68681, "relative_strength": -8.52097, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.844199, "energy": 29.296575, "activity_lines": [ 56.313891, 56.510709, 55.652326, 54.438316 ] }, { "date": "2024-07-05", "close": 55.859409, "volume": 1765986, "typical_volume": 2399167.0, "trend": 52.932148, "fair_value": 41.80467, "relative_strength": -10.603011, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.783414, "energy": 23.883803, "activity_lines": [ 56.13195, 56.394019, 55.76393, 54.644475 ] }, { "date": "2024-07-12", "close": 54.594669, "volume": 1580080, "typical_volume": 2326028.7, "trend": 53.121599, "fair_value": 41.912029, "relative_strength": -13.818077, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.592014, "energy": 15.510317, "activity_lines": [ 55.564303, 56.009974, 55.734353, 54.751735 ] }, { "date": "2024-07-19", "close": 55.543224, "volume": 1119304, "typical_volume": 2298644.6, "trend": 53.362633, "fair_value": 42.021743, "relative_strength": -8.248883, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.04565, "energy": 15.876942, "activity_lines": [ 55.472961, 55.834802, 55.783261, 54.907969 ] }, { "date": "2024-07-26", "close": 58.915863, "volume": 3261971, "typical_volume": 2302333.65, "trend": 53.734387, "fair_value": 42.154673, "relative_strength": 0.481552, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.719924, "energy": 31.507051, "activity_lines": [ 56.547989, 56.351891, 56.131774, 55.266241 ] }, { "date": "2024-08-02", "close": 58.705082, "volume": 2528358, "typical_volume": 2286545.55, "trend": 54.110761, "fair_value": 42.286753, "relative_strength": 2.215086, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 63.460448, "energy": 40.940402, "activity_lines": [ 57.391152, 56.793943, 56.432059, 55.586931 ] }, { "date": "2024-08-09", "close": 55.437828, "volume": 1767811, "typical_volume": 2300795.3, "trend": 54.331645, "fair_value": 42.399862, "relative_strength": -2.723921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.276874, "energy": 31.314578, "activity_lines": [ 56.962545, 56.589104, 56.394027, 55.672549 ] }, { "date": "2024-08-16", "close": 57.124153, "volume": 843071, "typical_volume": 2283142.85, "trend": 54.605412, "fair_value": 42.524627, "relative_strength": -3.710872, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 49.118156, "energy": 40.522641, "activity_lines": [ 57.124152, 56.70832, 56.507384, 55.85271 ] }, { "date": "2024-08-23", "close": 57.440334, "volume": 673178, "typical_volume": 2276334.4, "trend": 54.896373, "fair_value": 42.66552, "relative_strength": -2.367921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.994819, "energy": 31.263712, "activity_lines": [ 57.22252, 56.8827, 56.635509, 56.035609 ] }, { "date": "2024-08-30", "close": 57.545731, "volume": 698839, "typical_volume": 2222798.8, "trend": 55.164229, "fair_value": 42.809064, "relative_strength": -2.688702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.796194, "energy": 25.893011, "activity_lines": [ 57.229546, 57.053249, 56.759676, 56.206535 ] }, { "date": "2024-09-06", "close": 56.913361, "volume": 1178510, "typical_volume": 2170428.5, "trend": 55.39437, "fair_value": 42.941502, "relative_strength": -0.081225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.931533, "energy": 25.202412, "activity_lines": [ 57.117124, 57.089658, 56.803889, 56.319382 ] }, { "date": "2024-09-13", "close": 58.178097, "volume": 677680, "typical_volume": 2125089.2, "trend": 55.616759, "fair_value": 43.078382, "relative_strength": 0.512195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.196982, "energy": 30.182525, "activity_lines": [ 57.54573, 57.338773, 56.948986, 56.498978 ] }, { "date": "2024-09-20", "close": 59.337448, "volume": 943436, "typical_volume": 2018688.6, "trend": 55.857829, "fair_value": 43.22636, "relative_strength": 0.617039, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.735661, "energy": 41.049294, "activity_lines": [ 58.1781, 57.756521, 57.183659, 56.739022 ] }, { "date": "2024-09-27", "close": 60.075211, "volume": 1048335, "typical_volume": 1781126.8, "trend": 56.160092, "fair_value": 43.382451, "relative_strength": -1.109228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.841379, "energy": 56.24743, "activity_lines": [ 58.908839, 58.222175, 57.475547, 57.011111 ] }, { "date": "2024-10-04", "close": 60.391399, "volume": 462909, "typical_volume": 1660804.9, "trend": 56.406348, "fair_value": 43.540006, "relative_strength": 1.62448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.7559, "energy": 66.623534, "activity_lines": [ 59.569316, 58.662918, 57.796671, 57.284099 ] }, { "date": "2024-10-11", "close": 61.339954, "volume": 2801556, "typical_volume": 1684388.65, "trend": 56.684223, "fair_value": 43.707307, "relative_strength": 0.472387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.996088, "energy": 69.899048, "activity_lines": [ 60.356266, 59.249298, 58.191493, 57.602396 ] }, { "date": "2024-10-18", "close": 57.440334, "volume": 3991692, "typical_volume": 1803169.5, "trend": 56.815475, "fair_value": 43.84961, "relative_strength": -8.145491, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.915372, "energy": 38.292857, "activity_lines": [ 59.548237, 59.07875, 58.188534, 57.651177 ] }, { "date": "2024-10-25", "close": 56.597176, "volume": 711386, "typical_volume": 1675425.4, "trend": 56.905311, "fair_value": 43.981996, "relative_strength": -8.781717, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.06579, "energy": 17.210276, "activity_lines": [ 58.508339, 58.71849, 58.100309, 57.637093 ] }, { "date": "2024-11-01", "close": 57.018757, "volume": 883330, "typical_volume": 1498774.4, "trend": 56.989237, "fair_value": 44.114265, "relative_strength": -5.68531, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.158097, "energy": 14.134524, "activity_lines": [ 57.791653, 58.444463, 58.054137, 57.644412 ] }, { "date": "2024-11-08", "close": 59.021259, "volume": 2448136, "typical_volume": 1525610.9, "trend": 57.176513, "fair_value": 44.264446, "relative_strength": -5.322884, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.516521, "energy": 22.18069, "activity_lines": [ 57.946232, 58.542193, 58.194663, 57.775511 ] }, { "date": "2024-11-15", "close": 56.386383, "volume": 2543379, "typical_volume": 1596447.35, "trend": 57.295924, "fair_value": 44.398865, "relative_strength": -6.097797, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.450711, "energy": 15.366826, "activity_lines": [ 57.313861, 58.134026, 58.072204, 57.724534 ] }, { "date": "2024-11-22", "close": 56.702568, "volume": 586206, "typical_volume": 1537458.35, "trend": 57.392601, "fair_value": 44.532773, "relative_strength": -6.024846, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.02281, "energy": 14.957771, "activity_lines": [ 57.117123, 57.792929, 57.97785, 57.686253 ] }, { "date": "2024-11-29", "close": 56.280987, "volume": 549082, "typical_volume": 1485908.45, "trend": 57.382061, "fair_value": 44.661158, "relative_strength": -3.799875, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.590975, "energy": 19.352165, "activity_lines": [ 56.829042, 57.402009, 57.83933, 57.614536 ] }, { "date": "2024-12-06", "close": 56.597176, "volume": 615492, "typical_volume": 1460717.85, "trend": 57.272261, "fair_value": 44.793544, "relative_strength": -6.930469, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.076976, "energy": 23.990772, "activity_lines": [ 56.667437, 57.124149, 57.722894, 57.563899 ] }, { "date": "2024-12-13", "close": 55.227039, "volume": 715473, "typical_volume": 1333392.95, "trend": 57.216608, "fair_value": 44.91602, "relative_strength": -8.253999, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.113633, "energy": 35.202636, "activity_lines": [ 56.077225, 56.660411, 57.47095, 57.431949 ] }, { "date": "2024-12-20", "close": 54.173088, "volume": 705752, "typical_volume": 1242262.65, "trend": 57.162423, "fair_value": 45.032021, "relative_strength": -7.735005, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.101631, "energy": 50.240509, "activity_lines": [ 55.388644, 56.098943, 57.136195, 57.235593 ] }, { "date": "2024-12-27", "close": 54.910851, "volume": 325292, "typical_volume": 1170136.7, "trend": 57.112867, "fair_value": 45.153315, "relative_strength": -9.350398, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.941366, "energy": 57.555745, "activity_lines": [ 55.093538, 55.80192, 56.893284, 57.09033 ] }, { "date": "2025-01-03", "close": 54.700062, "volume": 397957, "typical_volume": 1147881.0, "trend": 57.036321, "fair_value": 45.27213, "relative_strength": -8.033693, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.182179, "energy": 58.588026, "activity_lines": [ 54.847615, 55.512563, 56.632808, 56.934665 ] }, { "date": "2025-01-10", "close": 53.962296, "volume": 578938, "typical_volume": 1143169.0, "trend": 56.962544, "fair_value": 45.38396, "relative_strength": -9.385587, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.426103, "energy": 62.838031, "activity_lines": [ 54.461166, 55.123559, 56.313611, 56.736341 ] }, { "date": "2025-01-17", "close": 53.962296, "volume": 727704, "typical_volume": 1144612.25, "trend": 56.878228, "fair_value": 45.495789, "relative_strength": -9.62666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.624598, "energy": 64.19137, "activity_lines": [ 54.250376, 54.790127, 56.010976, 56.542777 ] }, { "date": "2025-01-24", "close": 54.910851, "volume": 309778, "typical_volume": 1101175.65, "trend": 56.843096, "fair_value": 45.613699, "relative_strength": -9.260853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.807134, "energy": 51.871477, "activity_lines": [ 54.440087, 54.721141, 55.815744, 56.415849 ] }, { "date": "2025-02-07", "close": 54.278481, "volume": 781859, "typical_volume": 1106384.6, "trend": 56.790399, "fair_value": 45.728684, "relative_strength": -9.836182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.577886, "energy": 49.43381, "activity_lines": [ 54.369823, 54.564006, 55.569822, 56.25039 ] }, { "date": "2025-02-14", "close": 54.805454, "volume": 685102, "typical_volume": 1093467.9, "trend": 56.797425, "fair_value": 45.845918, "relative_strength": -7.404983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.981374, "energy": 37.013879, "activity_lines": [ 54.517376, 54.546759, 55.392658, 56.122329 ] }, { "date": "2025-02-21", "close": 55.437828, "volume": 662886, "typical_volume": 1074195.45, "trend": 56.793912, "fair_value": 45.961566, "relative_strength": -8.318644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.93723, "energy": 28.391292, "activity_lines": [ 54.868693, 54.671317, 55.297301, 56.034613 ] }, { "date": "2025-02-28", "close": 55.332432, "volume": 495223, "typical_volume": 1075811.15, "trend": 56.674464, "fair_value": 46.075974, "relative_strength": -5.550012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.541294, "energy": 23.377787, "activity_lines": [ 55.08651, 54.797791, 55.213988, 55.940324 ] }, { "date": "2025-03-07", "close": 57.018757, "volume": 2462333, "typical_volume": 1058850.0, "trend": 56.618253, "fair_value": 46.204012, "relative_strength": -0.488097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.479398, "energy": 15.217555, "activity_lines": [ 55.775092, 55.228954, 55.315369, 55.962537 ] }, { "date": "2025-03-14", "close": 56.491779, "volume": 1585355, "typical_volume": 938533.15, "trend": 56.653385, "fair_value": 46.327825, "relative_strength": 1.403494, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.805369, "energy": 16.306056, "activity_lines": [ 56.147489, 55.512562, 55.387138, 55.954377 ] }, { "date": "2025-03-21", "close": 56.597176, "volume": 615910, "typical_volume": 933759.35, "trend": 56.635819, "fair_value": 46.453725, "relative_strength": 0.600316, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.737572, "energy": 17.928128, "activity_lines": [ 56.407464, 55.78659, 55.473461, 55.950751 ] }, { "date": "2025-03-28", "close": 55.859409, "volume": 556920, "typical_volume": 917438.85, "trend": 56.583121, "fair_value": 46.573767, "relative_strength": 2.121035, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.712663, "energy": 17.814001, "activity_lines": [ 56.302069, 55.891985, 55.489522, 55.90066 ] }, { "date": "2025-04-04", "close": 55.227039, "volume": 655474, "typical_volume": 827805.75, "trend": 56.505832, "fair_value": 46.686089, "relative_strength": 2.458245, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.859747, "energy": 11.627632, "activity_lines": [ 55.957778, 55.847911, 55.450877, 55.813171 ] }, { "date": "2025-04-11", "close": 48.218266, "volume": 2420144, "typical_volume": 821644.0, "trend": 56.215995, "fair_value": 46.748125, "relative_strength": -2.282771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.75022, "energy": 63.209769, "activity_lines": [ 53.284256, 54.50652, 54.762798, 55.278489 ] }, { "date": "2025-04-18", "close": 48.48175, "volume": 1273772, "typical_volume": 856022.3, "trend": 55.892784, "fair_value": 46.815234, "relative_strength": -1.014347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.570808, "energy": 82.223163, "activity_lines": [ 51.285262, 53.334717, 54.138708, 54.779505 ] }, { "date": "2025-04-25", "close": 49.535702, "volume": 881792, "typical_volume": 872657.8, "trend": 55.566059, "fair_value": 46.897842, "relative_strength": -1.1344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.833007, "energy": 82.528281, "activity_lines": [ 50.171586, 52.459938, 53.654142, 54.369371 ] }, { "date": "2025-05-02", "close": 50.431561, "volume": 940284, "typical_volume": 888897.4, "trend": 55.244604, "fair_value": 46.98027, "relative_strength": -3.594055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.220886, "energy": 81.227378, "activity_lines": [ 49.827296, 51.843856, 53.287015, 54.038113 ] }, { "date": "2025-05-09", "close": 49.272213, "volume": 2278476, "typical_volume": 967047.55, "trend": 54.873964, "fair_value": 47.061471, "relative_strength": -6.076781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.505846, "energy": 78.623051, "activity_lines": [ 49.458412, 51.108006, 52.838835, 53.652798 ] }, { "date": "2025-05-16", "close": 51.432812, "volume": 761755, "typical_volume": 969847.7, "trend": 54.543726, "fair_value": 47.156521, "relative_strength": -5.73788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.678318, "energy": 47.836103, "activity_lines": [ 50.206717, 50.875178, 52.624782, 53.430788 ] }, { "date": "2025-05-23", "close": 51.274719, "volume": 580142, "typical_volume": 982590.2, "trend": 54.338206, "fair_value": 47.252815, "relative_strength": -4.971149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.576801, "energy": 37.732933, "activity_lines": [ 50.68802, 50.715168, 52.408722, 53.219884 ] }, { "date": "2025-05-30", "close": 53.119137, "volume": 769323, "typical_volume": 1001158.5, "trend": 54.222271, "fair_value": 47.36206, "relative_strength": -0.070136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.336879, "energy": 23.255652, "activity_lines": [ 51.597932, 50.985363, 52.385636, 53.141235 ] }, { "date": "2025-06-06", "close": 51.696304, "volume": 1491174, "typical_volume": 1046770.3, "trend": 54.044856, "fair_value": 47.461056, "relative_strength": -3.948392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.381406, "energy": 21.616049, "activity_lines": [ 51.794671, 51.060099, 52.23457, 52.978269 ] }, { "date": "2025-06-13", "close": 51.949219, "volume": 2952675, "typical_volume": 1158018.85, "trend": 53.809121, "fair_value": 47.559135, "relative_strength": -5.094777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.70473, "energy": 20.504595, "activity_lines": [ 51.991398, 51.256511, 52.118381, 52.843067 ] }, { "date": "2025-06-20", "close": 52.398991, "volume": 539298, "typical_volume": 1169494.85, "trend": 53.676208, "fair_value": 47.656995, "relative_strength": -4.066168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.515117, "energy": 18.604667, "activity_lines": [ 52.159582, 51.594297, 52.054614, 52.75209 ] }, { "date": "2025-06-27", "close": 52.567657, "volume": 427288, "typical_volume": 1151766.3, "trend": 53.538378, "fair_value": 47.757737, "relative_strength": -5.9609, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.613685, "energy": 14.796991, "activity_lines": [ 52.319577, 51.886736, 52.018872, 52.680571 ] }, { "date": "2025-07-04", "close": 52.398991, "volume": 589890, "typical_volume": 1147005.7, "trend": 53.408978, "fair_value": 47.860392, "relative_strength": -6.049891, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.279293, "energy": 11.053841, "activity_lines": [ 52.337153, 52.07422, 51.975213, 52.607062 ] }, { "date": "2025-07-11", "close": 52.061661, "volume": 343101, "typical_volume": 1131016.45, "trend": 53.257794, "fair_value": 47.964476, "relative_strength": -7.430069, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.542231, "energy": 11.926766, "activity_lines": [ 52.290296, 52.148311, 51.910887, 52.520138 ] }, { "date": "2025-07-18", "close": 51.836773, "volume": 381999, "typical_volume": 1125355.25, "trend": 53.144785, "fair_value": 48.066521, "relative_strength": -10.275561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.240923, "energy": 13.121722, "activity_lines": [ 52.144119, 52.151875, 51.841219, 52.42846 ] }, { "date": "2025-07-25", "close": 50.206333, "volume": 1666551, "typical_volume": 1085566.15, "trend": 53.01256, "fair_value": 48.156617, "relative_strength": -12.838074, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.686333, "energy": 38.241073, "activity_lines": [ 51.461959, 51.812367, 51.632918, 52.238882 ] }, { "date": "2025-08-01", "close": 50.656108, "volume": 389358, "typical_volume": 1025766.3, "trend": 52.870735, "fair_value": 48.246602, "relative_strength": -11.97527, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.528487, "energy": 48.926196, "activity_lines": [ 51.0759, 51.576936, 51.499893, 52.086853 ] }, { "date": "2025-08-08", "close": 48.407227, "volume": 1459490, "typical_volume": 1067945.3, "trend": 52.660974, "fair_value": 48.316183, "relative_strength": -17.487313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.24007, "energy": 74.512227, "activity_lines": [ 50.067652, 50.943865, 51.180477, 51.798885 ] }, { "date": "2025-08-15", "close": 48.632114, "volume": 1932359, "typical_volume": 1136717.25, "trend": 52.483301, "fair_value": 48.386008, "relative_strength": -17.793115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.388066, "energy": 77.570059, "activity_lines": [ 49.400483, 50.437354, 50.921479, 51.538958 ] }, { "date": "2025-08-22", "close": 48.126114, "volume": 694854, "typical_volume": 1138686.25, "trend": 52.288762, "fair_value": 48.445105, "relative_strength": -16.345887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.15083, "energy": 81.224627, "activity_lines": [ 48.793284, 49.894555, 50.648706, 51.257849 ] }, { "date": "2025-08-29", "close": 49.756557, "volume": 784098, "typical_volume": 1056883.95, "trend": 52.116952, "fair_value": 48.513754, "relative_strength": -14.819592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.837328, "energy": 71.527283, "activity_lines": [ 48.976943, 49.717711, 50.565028, 51.094481 ] }, { "date": "2025-09-05", "close": 51.049664, "volume": 1336408, "typical_volume": 1060015.75, "trend": 52.009325, "fair_value": 48.588298, "relative_strength": -13.192454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.787486, "energy": 38.220579, "activity_lines": [ 49.621623, 49.824022, 50.597177, 51.025624 ] }, { "date": "2025-09-12", "close": 50.037663, "volume": 971756, "typical_volume": 1064513.95, "trend": 51.850399, "fair_value": 48.655157, "relative_strength": -17.731473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.120305, "energy": 24.89691, "activity_lines": [ 49.902732, 49.773933, 50.520717, 50.89842 ] }, { "date": "2025-09-19", "close": 49.644108, "volume": 868021, "typical_volume": 1060900.8, "trend": 51.657275, "fair_value": 48.709912, "relative_strength": -18.226871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.310333, "energy": 19.527738, "activity_lines": [ 49.943961, 49.695222, 50.404385, 50.756079 ] }, { "date": "2025-09-26", "close": 52.72897, "volume": 618522, "typical_volume": 977903.1, "trend": 51.570492, "fair_value": 48.79043, "relative_strength": -12.7162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -3.985629, "energy": 13.899505, "activity_lines": [ 50.94601, 50.221349, 50.5856, 50.82522 ] }, { "date": "2025-10-03", "close": 52.72897, "volume": 0, "typical_volume": 939815.35, "trend": 51.4275, "fair_value": 48.873942, "relative_strength": -16.11518, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.298574, "energy": 22.715799, "activity_lines": [ 51.641203, 50.731256, 50.750353, 50.899961 ] }, { "date": "2025-10-10", "close": 48.962616, "volume": 1368801, "typical_volume": 979248.3, "trend": 51.176527, "fair_value": 48.939598, "relative_strength": -23.074123, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.98234, "energy": 21.162687, "activity_lines": [ 50.882783, 50.510504, 50.550234, 50.740936 ] }, { "date": "2025-10-17", "close": 49.24509, "volume": 2953004, "typical_volume": 1088432.35, "trend": 50.931458, "fair_value": 49.008861, "relative_strength": -22.069291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.895418, "energy": 21.496839, "activity_lines": [ 50.357658, 50.371902, 50.388028, 50.616327 ] }, { "date": "2025-10-24", "close": 49.904205, "volume": 463965, "typical_volume": 1037071.9, "trend": 50.732951, "fair_value": 49.086541, "relative_strength": -21.271568, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.147002, "energy": 19.285156, "activity_lines": [ 50.105076, 50.337906, 50.307042, 50.550053 ] }, { "date": "2025-10-31", "close": 48.397663, "volume": 793271, "typical_volume": 929101.7, "trend": 50.505305, "fair_value": 49.159055, "relative_strength": -25.100158, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.07989, "energy": 38.867964, "activity_lines": [ 49.332974, 50.006863, 50.09111, 50.399389 ] }, { "date": "2025-11-07", "close": 48.397663, "volume": 1177693, "typical_volume": 961021.45, "trend": 50.511285, "fair_value": 49.229174, "relative_strength": -23.037064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.446301, "energy": 55.74651, "activity_lines": [ 48.849625, 49.670884, 49.89209, 50.263412 ] }, { "date": "2025-11-14", "close": 49.621727, "volume": 968152, "typical_volume": 988064.65, "trend": 50.549284, "fair_value": 49.305642, "relative_strength": -19.888671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.559396, "energy": 49.056049, "activity_lines": [ 49.063052, 49.582168, 49.828701, 50.206021 ] }, { "date": "2025-11-21", "close": 48.680141, "volume": 960262, "typical_volume": 1006583.25, "trend": 50.520766, "fair_value": 49.369487, "relative_strength": -18.1028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.620302, "energy": 47.797928, "activity_lines": [ 48.918676, 49.348218, 49.689666, 50.085431 ] }, { "date": "2025-11-28", "close": 50.657475, "volume": 756788, "typical_volume": 1027267.6, "trend": 50.528296, "fair_value": 49.447505, "relative_strength": -18.001754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.045856, "energy": 19.877824, "activity_lines": [ 49.471074, 49.498465, 49.756657, 50.094251 ] }, { "date": "2025-12-05", "close": 50.845795, "volume": 468273, "typical_volume": 1031581.3, "trend": 50.580749, "fair_value": 49.524335, "relative_strength": -18.239542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.149773, "energy": 12.382881, "activity_lines": [ 50.036028, 49.664528, 49.84827, 50.114735 ] }, { "date": "2025-12-12", "close": 52.069859, "volume": 549563, "typical_volume": 975731.9, "trend": 50.601984, "fair_value": 49.608113, "relative_strength": -16.486977, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.065192, "energy": 20.096765, "activity_lines": [ 50.845794, 50.087387, 50.061179, 50.210807 ] }, { "date": "2025-12-19", "close": 49.998363, "volume": 570966, "typical_volume": 984812.3, "trend": 50.559439, "fair_value": 49.678612, "relative_strength": -17.933032, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.003131, "energy": 15.583832, "activity_lines": [ 50.720248, 50.145594, 50.06793, 50.171864 ] }, { "date": "2025-12-26", "close": 49.810047, "volume": 167668, "typical_volume": 920221.2, "trend": 50.449136, "fair_value": 49.749401, "relative_strength": -20.241615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.680593, "energy": 10.355038, "activity_lines": [ 50.506822, 50.15073, 50.059877, 50.123516 ] }, { "date": "2026-01-02", "close": 49.339252, "volume": 395770, "typical_volume": 843391.75, "trend": 50.370567, "fair_value": 49.81837, "relative_strength": -22.671145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.353166, "energy": 10.635812, "activity_lines": [ 50.061137, 50.059995, 50.000307, 50.05191 ] }, { "date": "2026-01-09", "close": 47.267757, "volume": 760596, "typical_volume": 846678.85, "trend": 50.214518, "fair_value": 49.875856, "relative_strength": -27.685622, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.445726, "energy": 41.087255, "activity_lines": [ 49.012835, 49.602897, 49.740084, 49.851729 ] }, { "date": "2026-01-16", "close": 47.079437, "volume": 646983, "typical_volume": 839823.1, "trend": 50.0372, "fair_value": 49.926446, "relative_strength": -30.013857, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.566296, "energy": 64.862302, "activity_lines": [ 48.140295, 49.132102, 49.466013, 49.649466 ] }, { "date": "2026-01-23", "close": 47.079437, "volume": 379948, "typical_volume": 792000.1, "trend": 49.854259, "fair_value": 49.978235, "relative_strength": -30.690278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.230491, "energy": 70.448251, "activity_lines": [ 47.60045, 48.685275, 49.204691, 49.458642 ] }, { "date": "2026-01-30", "close": 45.149181, "volume": 518477, "typical_volume": 769336.15, "trend": 49.612599, "fair_value": 50.016152, "relative_strength": -33.18406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.030133, "energy": 82.61716, "activity_lines": [ 46.611782, 47.933716, 48.77844, 49.155089 ] }, { "date": "2026-02-06", "close": 44.866707, "volume": 358650, "typical_volume": 743867.6, "trend": 49.372767, "fair_value": 50.050762, "relative_strength": -32.460606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.586285, "energy": 84.370201, "activity_lines": [ 45.83968, 47.194997, 48.348566, 48.848902 ] }, { "date": "2026-02-13", "close": 44.819622, "volume": 264359, "typical_volume": 726159.45, "trend": 49.138862, "fair_value": 50.085369, "relative_strength": -35.578459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.519971, "energy": 85.406215, "activity_lines": [ 45.350053, 46.553004, 47.936957, 48.555151 ] }, { "date": "2026-02-27", "close": 45.24334, "volume": 409762, "typical_volume": 746647.55, "trend": 48.973429, "fair_value": 50.121495, "relative_strength": -37.677976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.860593, "energy": 82.731242, "activity_lines": [ 45.164874, 46.097618, 47.603365, 48.303827 ] }, { "date": "2026-03-06", "close": 43.595558, "volume": 569171, "typical_volume": 706666.05, "trend": 48.738077, "fair_value": 50.143765, "relative_strength": -36.042293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.844794, "energy": 88.802841, "activity_lines": [ 44.552841, 45.466753, 47.148488, 47.956867 ] }, { "date": "2026-03-13", "close": 42.465652, "volume": 610114, "typical_volume": 589521.55, "trend": 48.540025, "fair_value": 50.156397, "relative_strength": -36.57427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.521156, "energy": 91.207316, "activity_lines": [ 43.796431, 44.746865, 46.611558, 47.552195 ] }, { "date": "2026-03-20", "close": 42.512733, "volume": 392626, "typical_volume": 585954.6, "trend": 48.336046, "fair_value": 50.166336, "relative_strength": -35.974646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.224662, "energy": 89.755795, "activity_lines": [ 43.234617, 44.169072, 46.111395, 47.163337 ] }, { "date": "2026-03-27", "close": 43.454323, "volume": 864522, "typical_volume": 589517.15, "trend": 48.180319, "fair_value": 50.185305, "relative_strength": -32.898414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.720102, "energy": 77.795357, "activity_lines": [ 43.143597, 43.886596, 45.736105, 46.848387 ] }, { "date": "2026-04-03", "close": 42.418571, "volume": 550189, "typical_volume": 558141.95, "trend": 47.93572, "fair_value": 50.194342, "relative_strength": -32.560455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.92728, "energy": 68.650689, "activity_lines": [ 42.798347, 43.485136, 45.285711, 46.476662 ] }, { "date": "2026-04-10", "close": 42.653969, "volume": 342805, "typical_volume": 526874.6, "trend": 47.655863, "fair_value": 50.204588, "relative_strength": -36.759617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.602895, "energy": 61.406075, "activity_lines": [ 42.719881, 43.211219, 44.886208, 46.135904 ] }, { "date": "2026-04-17", "close": 42.418571, "volume": 517705, "typical_volume": 504746.75, "trend": 47.401893, "fair_value": 50.213624, "relative_strength": -38.662417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.41437, "energy": 61.067644, "activity_lines": [ 42.625722, 42.974966, 44.497466, 45.798014 ] }, { "date": "2026-04-24", "close": 41.524063, "volume": 574425, "typical_volume": 495628.6, "trend": 47.131225, "fair_value": 50.217525, "relative_strength": -42.392971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.320527, "energy": 64.662223, "activity_lines": [ 42.236531, 42.625722, 44.05335, 45.418799 ] }, { "date": "2026-05-01", "close": 41.382828, "volume": 385817, "typical_volume": 491505.8, "trend": 46.753021, "fair_value": 50.224413, "relative_strength": -41.714954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.522504, "energy": 64.78328, "activity_lines": [ 41.866174, 42.311574, 43.639276, 45.047935 ] }, { "date": "2026-05-08", "close": 40.770794, "volume": 633376, "typical_volume": 495696.45, "trend": 46.354415, "fair_value": 50.225881, "relative_strength": -45.440437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.811176, "energy": 78.788241, "activity_lines": [ 41.429905, 41.948635, 43.211974, 44.661985 ] }, { "date": "2026-05-15", "close": 39.735046, "volume": 1000492, "typical_volume": 517172.75, "trend": 46.046829, "fair_value": 50.218014, "relative_strength": -45.456943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.599732, "energy": 86.57977, "activity_lines": [ 40.758239, 41.478697, 42.739834, 44.234929 ] }, { "date": "2026-05-22", "close": 39.452572, "volume": 619667, "typical_volume": 539772.7, "trend": 45.720412, "fair_value": 50.209235, "relative_strength": -46.420829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.09558, "energy": 88.324413, "activity_lines": [ 40.18701, 41.027591, 42.289666, 43.809493 ] }, { "date": "2026-05-29", "close": 40.017521, "volume": 1066398, "typical_volume": 573304.1, "trend": 45.390856, "fair_value": 50.202581, "relative_strength": -47.799203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.216834, "energy": 79.052989, "activity_lines": [ 40.00183, 40.733986, 41.942623, 43.441564 ] }, { "date": "2026-06-05", "close": 40.676636, "volume": 879944, "typical_volume": 579271.5, "trend": 45.133488, "fair_value": 50.201649, "relative_strength": -46.383207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.275015, "energy": 64.530313, "activity_lines": [ 40.136791, 40.605588, 41.702742, 43.137421 ] }, { "date": "2026-06-12", "close": 40.849998, "volume": 1237396, "typical_volume": 608792.15, "trend": 44.881899, "fair_value": 50.197337, "relative_strength": -44.12201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.627938, "energy": 55.987927, "activity_lines": [ 40.376619, 40.559213, 41.510758, 42.861067 ] }, { "date": "2026-06-19", "close": 40.650002, "volume": 368181, "typical_volume": 608203.8, "trend": 44.582842, "fair_value": 50.189347, "relative_strength": -46.219393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.944117, "energy": 42.898491, "activity_lines": [ 40.544502, 40.504996, 41.329391, 42.588041 ] }, { "date": "2026-06-26", "close": 40.0, "volume": 725264, "typical_volume": 618543.15, "trend": 44.293504, "fair_value": 50.175095, "relative_strength": -43.849207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.823951, "energy": 50.468576, "activity_lines": [ 40.43472, 40.369031, 41.116735, 42.292374 ] }, { "date": "2026-07-03", "close": 40.5, "volume": 714366, "typical_volume": 636328.95, "trend": 43.954921, "fair_value": 50.162449, "relative_strength": -44.861591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.711017, "energy": 43.571011, "activity_lines": [ 40.455109, 40.36795, 40.976219, 42.047632 ] }, { "date": "2026-07-10", "close": 39.900002, "volume": 0, "typical_volume": 623111.0, "trend": 43.590061, "fair_value": 50.144677, "relative_strength": -42.961587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.005582, "energy": 53.112003, "activity_lines": [ 40.243334, 40.276398, 40.799353, 41.786024 ] }, { "date": "2026-07-17", "close": 40.25, "volume": 541010, "typical_volume": 629673.4, "trend": 43.196066, "fair_value": 50.129148, "relative_strength": -37.799836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.061638, "energy": 46.543635, "activity_lines": [ 40.200001, 40.275442, 40.679248, 41.570536 ] }, { "date": "2026-07-24", "close": 39.799999, "volume": 807980, "typical_volume": 641613.85, "trend": 42.856121, "fair_value": 50.109135, "relative_strength": -38.869223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.98963, "energy": 46.663496, "activity_lines": [ 40.046667, 40.202137, 40.540063, 41.351435 ] }, { "date": "2026-07-31", "close": 38.75, "volume": 1581147, "typical_volume": 690165.5, "trend": 42.487452, "fair_value": 50.083351, "relative_strength": -38.756103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.44897, "energy": 55.935891, "activity_lines": [ 39.6, 39.936742, 40.318952, 41.086524 ] }, { "date": "2026-08-07", "close": 39.049999, "volume": 1071932, "typical_volume": 724130.8, "trend": 42.144477, "fair_value": 50.05981, "relative_strength": -38.800053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.333293, "energy": 53.147251, "activity_lines": [ 39.336666, 39.738666, 40.144106, 40.864753 ] }, { "date": "2026-08-14", "close": 38.349998, "volume": 1218600, "typical_volume": 741834.7, "trend": 41.847219, "fair_value": 50.032102, "relative_strength": -41.051081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.060392, "energy": 70.552208, "activity_lines": [ 38.936666, 39.430909, 39.919082, 40.619948 ] } ], "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." } } }