{ "ticker": { "uuid": "52f6aeac-a55c-407c-a3ac-790cc2873f21", "symbol": "STARCEMENT", "name": "Star Cement Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -64.39, "architecture_energy": 58.201, "architecture_maturity": 12.449, "architecture_confidence": 91.0, "architecture_tenure": "New", "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": 15.97, "rotation_up": 13.58, "upward_expansion": 11.96, "deceleration": 39.29, "rotation_down": 68.58, "downward_expansion": 89.96 }, "activity_lines": [ 203.448002, 206.006728, 211.380952, 212.707749 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 201.960007, "trend_reference": 213.853736, "distance_from_trend": -0.055616, "trend_direction": "Weakening", "fair_value": 210.414179, "distance_from_fair_value": -0.040179, "fair_value_direction": "Weakening", "relative_strength": -10.935045, "relative_strength_direction": "Weakening", "price_momentum": -0.058232, "excess_performance": -0.014523, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.055616, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.025227, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.040179, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.194816, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.10935, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.166399, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.058232, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.525899, "read": "Supply-led" } ], "volume": { "latest": 1170011, "relative_activity": 1.322157, "balance": 0.525899, "dry_up": 1.07891, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.050829, "annualized_volatility": 0.235695, "from_high_reference": -0.343308, "from_low_reference": 0.027786 }, "levels": { "trend_reference": 213.853736, "fair_value_reference": 210.414179, "structural_low": 196.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.004703, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.000518, "regime_survival": 0.733333, "best_return": 0.183092, "worst_return": -0.078422, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.018166, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.004581, "regime_survival": 0.5, "best_return": 0.149853, "worst_return": -0.051479, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.046686, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.01661, "regime_survival": 0.25, "best_return": 0.224056, "worst_return": -0.075385, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.157361, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.096889, "regime_survival": 0.0, "best_return": 0.251645, "worst_return": 0.063077, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-11-15", "tenure": "Developing", "return": -0.200228, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": 0.278195, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": 0.090815, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": -0.035268, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-04-18", "tenure": "Developing", "return": 0.043792, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-25", "end": "2025-06-20", "tenure": "Developing", "return": -0.034183, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-25", "tenure": "Developing", "return": 0.083622, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-10-03", "tenure": "Developing", "return": 0.046084, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": -0.154802, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": -0.012822, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-05-01", "tenure": "Established", "return": 0.058689, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.078241, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-07-10", "tenure": "Developing", "return": -0.018177, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.016987, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 155.393219, "volume": 1865796, "typical_volume": 3357883.85, "trend": 127.393013, "fair_value": 103.35162, "relative_strength": 23.84076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.448968, "energy": 66.642833, "activity_lines": [ 155.320474, 150.683132, 143.59318, 136.399525 ] }, { "date": "2023-08-25", "close": 156.335602, "volume": 2058906, "typical_volume": 3434222.65, "trend": 129.160385, "fair_value": 103.781795, "relative_strength": 23.847688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.908718, "energy": 73.478205, "activity_lines": [ 156.643111, 152.218894, 145.548083, 138.266788 ] }, { "date": "2023-09-01", "close": 159.857117, "volume": 1389093, "typical_volume": 3469499.45, "trend": 130.797148, "fair_value": 104.26443, "relative_strength": 24.460087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.053842, "energy": 63.068195, "activity_lines": [ 158.174062, 154.210964, 147.633833, 140.247223 ] }, { "date": "2023-09-08", "close": 159.212341, "volume": 4055143, "typical_volume": 3644312.4, "trend": 132.372738, "fair_value": 104.727353, "relative_strength": 20.725565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.316076, "energy": 53.178668, "activity_lines": [ 158.230278, 155.753039, 149.440886, 142.080461 ] }, { "date": "2023-09-15", "close": 161.791489, "volume": 5514409, "typical_volume": 3847170.05, "trend": 134.009501, "fair_value": 105.200768, "relative_strength": 19.672005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.046886, "energy": 51.590595, "activity_lines": [ 159.562839, 157.410546, 151.260929, 143.978445 ] }, { "date": "2023-09-22", "close": 152.218887, "volume": 1490841, "typical_volume": 3722924.2, "trend": 135.337097, "fair_value": 105.648747, "relative_strength": 14.929098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.805057, "energy": 41.925027, "activity_lines": [ 157.46315, 157.069664, 151.949172, 145.153244 ] }, { "date": "2023-09-29", "close": 151.7229, "volume": 1597601, "typical_volume": 3692900.4, "trend": 136.63328, "fair_value": 106.087506, "relative_strength": 14.248479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.319658, "energy": 30.128098, "activity_lines": [ 155.409754, 156.45103, 152.46618, 146.210393 ] }, { "date": "2023-10-06", "close": 157.228378, "volume": 2887147, "typical_volume": 3736618.6, "trend": 138.195644, "fair_value": 106.561875, "relative_strength": 17.68351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.315629, "energy": 28.139337, "activity_lines": [ 155.499031, 156.653934, 153.375256, 147.539109 ] }, { "date": "2023-10-13", "close": 161.692276, "volume": 5280196, "typical_volume": 3630815.5, "trend": 140.040721, "fair_value": 107.070581, "relative_strength": 19.795526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.262305, "energy": 28.556456, "activity_lines": [ 157.251524, 157.372667, 154.541774, 149.05502 ] }, { "date": "2023-10-20", "close": 167.24736, "volume": 13549151, "typical_volume": 4043496.1, "trend": 141.814708, "fair_value": 107.598046, "relative_strength": 24.265789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.292539, "energy": 39.346405, "activity_lines": [ 160.690382, 159.169951, 156.090441, 150.810287 ] }, { "date": "2023-10-27", "close": 154.649246, "volume": 3882736, "typical_volume": 3882688.65, "trend": 143.271261, "fair_value": 108.062558, "relative_strength": 17.131717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.330427, "energy": 31.171695, "activity_lines": [ 159.566144, 158.51164, 156.310802, 151.638322 ] }, { "date": "2023-11-03", "close": 155.591629, "volume": 1196085, "typical_volume": 3808943.55, "trend": 144.678216, "fair_value": 108.51022, "relative_strength": 15.967626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.099808, "energy": 29.320528, "activity_lines": [ 158.594009, 158.038198, 156.553601, 152.433185 ] }, { "date": "2023-11-10", "close": 157.625168, "volume": 2884504, "typical_volume": 3873987.4, "trend": 146.124849, "fair_value": 108.97505, "relative_strength": 15.558121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.675212, "energy": 24.905117, "activity_lines": [ 158.041806, 157.948017, 156.945432, 153.268472 ] }, { "date": "2023-11-17", "close": 163.577042, "volume": 5322688, "typical_volume": 4080487.5, "trend": 147.898835, "fair_value": 109.478987, "relative_strength": 17.20083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.1408, "energy": 24.439396, "activity_lines": [ 159.447108, 158.980576, 157.827584, 154.39442 ] }, { "date": "2023-11-24", "close": 165.560974, "volume": 2197563, "typical_volume": 4001716.9, "trend": 149.565356, "fair_value": 109.969253, "relative_strength": 17.328502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.977258, "energy": 29.743851, "activity_lines": [ 161.38807, 160.294492, 158.785313, 155.533913 ] }, { "date": "2023-12-01", "close": 162.634644, "volume": 4140210, "typical_volume": 4128640.65, "trend": 150.780528, "fair_value": 110.403561, "relative_strength": 11.848422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.342928, "energy": 29.371102, "activity_lines": [ 162.466014, 161.007812, 159.378845, 156.377093 ] }, { "date": "2023-12-08", "close": 163.130646, "volume": 3945415, "typical_volume": 4272421.35, "trend": 152.086631, "fair_value": 110.85313, "relative_strength": 8.023212, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.543358, "energy": 33.564353, "activity_lines": [ 163.176932, 161.621936, 159.920889, 157.173874 ] }, { "date": "2023-12-15", "close": 176.819931, "volume": 7730028, "typical_volume": 4590403.95, "trend": 153.913522, "fair_value": 111.411435, "relative_strength": 13.828122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.049892, "energy": 54.941319, "activity_lines": [ 167.948344, 164.517608, 161.665352, 158.769571 ] }, { "date": "2023-12-22", "close": 172.901627, "volume": 2785277, "typical_volume": 3843286.0, "trend": 155.315517, "fair_value": 111.935085, "relative_strength": 11.16365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.025786, "energy": 52.677146, "activity_lines": [ 170.134004, 166.344651, 162.865882, 159.99461 ] }, { "date": "2023-12-29", "close": 174.984756, "volume": 1629178, "typical_volume": 3770098.35, "trend": 156.472824, "fair_value": 112.402458, "relative_strength": 9.976366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.868824, "energy": 56.287553, "activity_lines": [ 172.392401, 168.346638, 164.229376, 161.263593 ] }, { "date": "2024-01-05", "close": 178.605484, "volume": 3324913, "typical_volume": 3843054.2, "trend": 157.742554, "fair_value": 112.874601, "relative_strength": 11.819968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.201684, "energy": 62.980805, "activity_lines": [ 175.229456, 170.866259, 165.857636, 162.691507 ] }, { "date": "2024-01-12", "close": 176.720718, "volume": 2000716, "typical_volume": 3840144.7, "trend": 158.75933, "fair_value": 113.357872, "relative_strength": 9.232572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.437793, "energy": 54.967831, "activity_lines": [ 176.373532, 172.607628, 167.195859, 163.915905 ] }, { "date": "2024-01-19", "close": 173.645599, "volume": 2400291, "typical_volume": 3890704.6, "trend": 159.829013, "fair_value": 113.842733, "relative_strength": 8.197804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.403329, "energy": 44.845195, "activity_lines": [ 175.586564, 173.405719, 168.144141, 164.876309 ] }, { "date": "2024-01-26", "close": 180.688629, "volume": 2059773, "typical_volume": 3790936.1, "trend": 161.192981, "fair_value": 114.386095, "relative_strength": 13.247906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.501368, "energy": 51.410799, "activity_lines": [ 177.358895, 175.19308, 169.697529, 166.222091 ] }, { "date": "2024-02-02", "close": 185.499741, "volume": 5437971, "typical_volume": 3787114.2, "trend": 162.456099, "fair_value": 114.928185, "relative_strength": 12.932789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.345626, "energy": 52.201292, "activity_lines": [ 180.215796, 177.544069, 171.606851, 167.790269 ] }, { "date": "2024-02-09", "close": 193.633942, "volume": 5628390, "typical_volume": 3993991.65, "trend": 164.180486, "fair_value": 115.560252, "relative_strength": 17.483149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.359357, "energy": 64.50469, "activity_lines": [ 185.083098, 181.011481, 174.177961, 169.801743 ] }, { "date": "2024-02-16", "close": 211.439926, "volume": 14235849, "typical_volume": 4625904.05, "trend": 166.500059, "fair_value": 116.297876, "relative_strength": 25.725015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.392641, "energy": 87.091301, "activity_lines": [ 194.883832, 187.152721, 178.247665, 172.850739 ] }, { "date": "2024-02-23", "close": 213.423874, "volume": 2953436, "typical_volume": 4629218.5, "trend": 168.915523, "fair_value": 117.042813, "relative_strength": 24.922939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.727455, "energy": 89.68902, "activity_lines": [ 203.031267, 192.776328, 182.22195, 175.878082 ] }, { "date": "2024-03-01", "close": 207.720016, "volume": 1936917, "typical_volume": 4462054.55, "trend": 170.32413, "fair_value": 117.717484, "relative_strength": 20.032292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.50307, "energy": 86.190079, "activity_lines": [ 206.625532, 196.697344, 185.385412, 178.381597 ] }, { "date": "2024-03-08", "close": 205.636871, "volume": 1270045, "typical_volume": 3848099.25, "trend": 171.906334, "fair_value": 118.398833, "relative_strength": 17.194893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.950402, "energy": 83.009257, "activity_lines": [ 207.723322, 199.606544, 188.1313, 180.659839 ] }, { "date": "2024-03-15", "close": 201.668961, "volume": 1989612, "typical_volume": 3753443.05, "trend": 173.448859, "fair_value": 119.080499, "relative_strength": 16.543162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.598534, "energy": 56.769946, "activity_lines": [ 206.156001, 201.236995, 190.316485, 182.580008 ] }, { "date": "2024-03-22", "close": 230.436295, "volume": 4693636, "typical_volume": 3928320.6, "trend": 175.918882, "fair_value": 119.945618, "relative_strength": 31.534348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.648418, "energy": 64.037897, "activity_lines": [ 213.642123, 207.678535, 195.017512, 186.256617 ] }, { "date": "2024-03-29", "close": 225.724411, "volume": 4633075, "typical_volume": 4015749.15, "trend": 178.114459, "fair_value": 120.762727, "relative_strength": 26.376736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.066275, "energy": 60.386138, "activity_lines": [ 218.291192, 212.286721, 198.913385, 189.469877 ] }, { "date": "2024-04-05", "close": 225.873199, "volume": 2227012, "typical_volume": 3860965.35, "trend": 180.336487, "fair_value": 121.56076, "relative_strength": 24.337704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.066263, "energy": 59.332483, "activity_lines": [ 222.169821, 215.975072, 202.499146, 192.551086 ] }, { "date": "2024-04-12", "close": 224.831619, "volume": 1882141, "typical_volume": 3845194.25, "trend": 182.437825, "fair_value": 122.377234, "relative_strength": 22.687147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.405949, "energy": 57.727337, "activity_lines": [ 224.491045, 218.652508, 205.689061, 195.421739 ] }, { "date": "2024-04-19", "close": 225.079605, "volume": 1540929, "typical_volume": 3715230.2, "trend": 184.866516, "fair_value": 123.202292, "relative_strength": 23.746864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.465071, "energy": 53.617478, "activity_lines": [ 225.615281, 220.659907, 208.620353, 198.172822 ] }, { "date": "2024-04-26", "close": 225.526001, "volume": 1550669, "typical_volume": 3595492.9, "trend": 187.326619, "fair_value": 123.993648, "relative_strength": 21.441421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.599197, "energy": 50.094574, "activity_lines": [ 225.327606, 222.176729, 211.296801, 200.796015 ] }, { "date": "2024-05-03", "close": 234.503403, "volume": 5995656, "typical_volume": 3508774.3, "trend": 189.902453, "fair_value": 124.849864, "relative_strength": 24.960503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.281111, "energy": 51.905433, "activity_lines": [ 228.359751, 225.069696, 214.53112, 203.839678 ] }, { "date": "2024-05-10", "close": 217.242996, "volume": 1743926, "typical_volume": 3456706.75, "trend": 191.754144, "fair_value": 125.605929, "relative_strength": 17.13919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.111422, "energy": 40.080133, "activity_lines": [ 225.053162, 224.441143, 215.846906, 205.603584 ] }, { "date": "2024-05-17", "close": 218.036591, "volume": 1408104, "typical_volume": 3445653.05, "trend": 193.447118, "fair_value": 126.316528, "relative_strength": 14.629732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.354021, "energy": 31.865271, "activity_lines": [ 222.58645, 223.783735, 217.027124, 207.299226 ] }, { "date": "2024-05-24", "close": 214.763046, "volume": 16554087, "typical_volume": 4107111.75, "trend": 195.450911, "fair_value": 126.989927, "relative_strength": 9.924031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.193075, "energy": 23.296969, "activity_lines": [ 219.481559, 222.305687, 217.690568, 208.674447 ] }, { "date": "2024-05-31", "close": 210.894363, "volume": 2817859, "typical_volume": 4147968.9, "trend": 197.294336, "fair_value": 127.642343, "relative_strength": 9.543099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.862479, "energy": 19.502784, "activity_lines": [ 215.774878, 219.886168, 217.813386, 209.670799 ] }, { "date": "2024-06-07", "close": 217.292603, "volume": 2877733, "typical_volume": 4171841.0, "trend": 199.28325, "fair_value": 128.317015, "relative_strength": 8.755223, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.1426, "energy": 16.490498, "activity_lines": [ 215.176386, 218.985274, 218.382828, 210.96101 ] }, { "date": "2024-06-14", "close": 221.290268, "volume": 3685154, "typical_volume": 4253110.05, "trend": 201.207025, "fair_value": 129.060871, "relative_strength": 9.519517, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.641657, "energy": 12.691682, "activity_lines": [ 217.057835, 218.964533, 219.125158, 212.380817 ] }, { "date": "2024-06-21", "close": 214.048828, "volume": 1540926, "typical_volume": 4058257.8, "trend": 202.823286, "fair_value": 129.771342, "relative_strength": 5.41675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.848081, "energy": 10.81841, "activity_lines": [ 216.255653, 217.710493, 218.984486, 213.209321 ] }, { "date": "2024-06-28", "close": 209.41629, "volume": 4191740, "typical_volume": 3986425.3, "trend": 204.382675, "fair_value": 130.425411, "relative_strength": 0.624697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.460519, "energy": 6.75656, "activity_lines": [ 214.175142, 215.810223, 218.266672, 213.634676 ] }, { "date": "2024-07-05", "close": 208.751678, "volume": 1699073, "typical_volume": 3359586.5, "trend": 205.903376, "fair_value": 131.058687, "relative_strength": -1.193963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.032675, "energy": 8.260795, "activity_lines": [ 212.229545, 214.073903, 217.410407, 213.916547 ] }, { "date": "2024-07-12", "close": 203.27597, "volume": 2034281, "typical_volume": 3313628.75, "trend": 206.785244, "fair_value": 131.671805, "relative_strength": -4.70596, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.290543, "energy": 18.946342, "activity_lines": [ 208.601557, 211.646987, 216.045447, 213.747037 ] }, { "date": "2024-07-19", "close": 204.089386, "volume": 1324637, "typical_volume": 3283014.75, "trend": 207.824836, "fair_value": 132.258026, "relative_strength": -4.675853, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.658697, "energy": 33.058722, "activity_lines": [ 206.17915, 209.935737, 214.806279, 213.57311 ] }, { "date": "2024-07-26", "close": 208.017609, "volume": 2607157, "typical_volume": 3349870.35, "trend": 208.925931, "fair_value": 132.88437, "relative_strength": -4.283511, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.762762, "energy": 29.780841, "activity_lines": [ 206.212876, 209.177866, 213.958516, 213.585547 ] }, { "date": "2024-08-02", "close": 205.210312, "volume": 2047469, "typical_volume": 3352763.2, "trend": 209.812758, "fair_value": 133.490812, "relative_strength": -5.091082, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.097909, "energy": 32.153738, "activity_lines": [ 205.712918, 208.09174, 212.832055, 213.34583 ] }, { "date": "2024-08-09", "close": 197.324097, "volume": 1239039, "typical_volume": 3180033.35, "trend": 210.499538, "fair_value": 134.017768, "relative_strength": -7.418015, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.377234, "energy": 40.716857, "activity_lines": [ 202.86462, 205.745443, 210.937662, 212.54011 ] }, { "date": "2024-08-16", "close": 210.289246, "volume": 4171409, "typical_volume": 3156950.05, "trend": 211.720993, "fair_value": 134.630377, "relative_strength": -2.145296, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.858009, "energy": 18.430416, "activity_lines": [ 205.099877, 206.003178, 210.435722, 212.526543 ] }, { "date": "2024-08-23", "close": 220.863708, "volume": 4806325, "typical_volume": 3285915.7, "trend": 213.060162, "fair_value": 135.367366, "relative_strength": 1.433412, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 7.293055, "energy": 5.975369, "activity_lines": [ 210.392403, 208.310876, 211.014375, 213.116395 ] }, { "date": "2024-08-30", "close": 226.408859, "volume": 2151523, "typical_volume": 3299384.8, "trend": 214.423799, "fair_value": 136.137038, "relative_strength": 2.112264, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.200558, "energy": 16.126381, "activity_lines": [ 216.415025, 211.634539, 212.144992, 213.977602 ] }, { "date": "2024-09-06", "close": 218.086182, "volume": 1315745, "typical_volume": 3288125.6, "trend": 215.238874, "fair_value": 136.852724, "relative_strength": -0.284579, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.221055, "energy": 23.861312, "activity_lines": [ 218.437337, 213.22026, 212.475462, 214.213884 ] }, { "date": "2024-09-13", "close": 206.380859, "volume": 1565412, "typical_volume": 3288862.75, "trend": 215.070238, "fair_value": 137.484792, "relative_strength": -7.539108, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.870139, "energy": 15.946094, "activity_lines": [ 215.699484, 212.520106, 211.724442, 213.6424 ] }, { "date": "2024-09-20", "close": 211.310989, "volume": 3795825, "typical_volume": 3178871.2, "trend": 214.999809, "fair_value": 138.15355, "relative_strength": -7.017749, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.395797, "energy": 12.436682, "activity_lines": [ 214.001224, 212.759445, 211.534125, 213.399867 ] }, { "date": "2024-09-27", "close": 202.323669, "volume": 2211317, "typical_volume": 3202240.75, "trend": 214.81993, "fair_value": 138.768512, "relative_strength": -12.292386, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.359381, "energy": 25.087734, "activity_lines": [ 209.239073, 211.218635, 210.598313, 212.582052 ] }, { "date": "2024-10-04", "close": 206.688354, "volume": 2836819, "typical_volume": 3273676.5, "trend": 214.85498, "fair_value": 139.416222, "relative_strength": -6.283436, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.838054, "energy": 27.358102, "activity_lines": [ 207.167821, 210.503508, 210.14923, 212.057434 ] }, { "date": "2024-10-11", "close": 206.837158, "volume": 1191258, "typical_volume": 2505535.05, "trend": 215.027253, "fair_value": 140.081419, "relative_strength": -6.047066, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.944906, "energy": 27.887962, "activity_lines": [ 206.46087, 209.839605, 209.768358, 211.540155 ] }, { "date": "2024-10-18", "close": 205.418625, "volume": 698424, "typical_volume": 2399563.3, "trend": 214.193331, "fair_value": 140.758189, "relative_strength": -6.217762, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.447618, "energy": 36.321042, "activity_lines": [ 206.03101, 208.888207, 209.29013, 210.920244 ] }, { "date": "2024-10-25", "close": 193.584335, "volume": 1693374, "typical_volume": 2340345.35, "trend": 213.121995, "fair_value": 141.364503, "relative_strength": -9.137413, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.746608, "energy": 47.589166, "activity_lines": [ 201.720535, 205.637947, 207.710901, 209.590631 ] }, { "date": "2024-11-01", "close": 210.130524, "volume": 1645969, "typical_volume": 2238386.1, "trend": 212.597239, "fair_value": 142.071796, "relative_strength": -1.991223, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.996066, "energy": 25.250604, "activity_lines": [ 204.107234, 205.699811, 207.820397, 209.397633 ] }, { "date": "2024-11-08", "close": 199.863556, "volume": 2330288, "typical_volume": 2277854.2, "trend": 211.76497, "fair_value": 142.703418, "relative_strength": -6.210285, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.452896, "energy": 28.898256, "activity_lines": [ 202.551153, 204.090102, 207.005227, 208.576105 ] }, { "date": "2024-11-15", "close": 181.0755, "volume": 1396654, "typical_volume": 2138099.9, "trend": 210.298167, "fair_value": 143.244173, "relative_strength": -12.691172, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.694564, "energy": 59.180236, "activity_lines": [ 195.187373, 199.547024, 204.468268, 206.596139 ] }, { "date": "2024-11-22", "close": 178.466614, "volume": 1398899, "typical_volume": 2123091.2, "trend": 208.729521, "fair_value": 143.783465, "relative_strength": -15.130762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.29363, "energy": 66.850609, "activity_lines": [ 188.671408, 195.202526, 201.8178, 204.542491 ] }, { "date": "2024-11-29", "close": 181.422714, "volume": 1213915, "typical_volume": 2082072.9, "trend": 206.960164, "fair_value": 144.327399, "relative_strength": -14.430648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.33983, "energy": 72.079028, "activity_lines": [ 184.937611, 191.903031, 199.59308, 202.780761 ] }, { "date": "2024-12-06", "close": 200.667053, "volume": 19732922, "typical_volume": 3002487.15, "trend": 206.407633, "fair_value": 144.998828, "relative_strength": -7.521915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.339854, "energy": 56.554337, "activity_lines": [ 188.429368, 192.645931, 199.305217, 202.374754 ] }, { "date": "2024-12-13", "close": 228.115067, "volume": 38090753, "typical_volume": 4776666.95, "trend": 206.743582, "fair_value": 145.860195, "relative_strength": 4.521923, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.257264, "energy": 6.189772, "activity_lines": [ 201.701361, 198.409499, 201.647747, 203.775234 ] }, { "date": "2024-12-20", "close": 211.142349, "volume": 13202925, "typical_volume": 5334439.75, "trend": 206.622892, "fair_value": 146.612126, "relative_strength": 1.399432, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.601224, "energy": 12.258015, "activity_lines": [ 207.432348, 200.697542, 202.278126, 204.059025 ] }, { "date": "2024-12-27", "close": 230.317245, "volume": 30824668, "typical_volume": 6813721.2, "trend": 207.270322, "fair_value": 147.482522, "relative_strength": 9.173588, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.433052, "energy": 31.826574, "activity_lines": [ 217.550509, 206.393653, 204.706437, 205.587693 ] }, { "date": "2025-01-03", "close": 226.141037, "volume": 7706121, "typical_volume": 6990456.8, "trend": 207.565269, "fair_value": 148.28259, "relative_strength": 6.064599, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.478432, "energy": 33.794185, "activity_lines": [ 222.819893, 210.877751, 206.579905, 206.805159 ] }, { "date": "2025-01-10", "close": 213.533005, "volume": 3362052, "typical_volume": 6918243.15, "trend": 207.306694, "fair_value": 149.014873, "relative_strength": 2.370503, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.991692, "energy": 38.577609, "activity_lines": [ 220.905378, 212.47754, 207.177122, 207.190174 ] }, { "date": "2025-01-17", "close": 205.299606, "volume": 2859771, "typical_volume": 6953655.55, "trend": 207.015053, "fair_value": 149.724582, "relative_strength": -0.783418, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.818431, "energy": 27.394127, "activity_lines": [ 215.388667, 212.518484, 207.025115, 207.060684 ] }, { "date": "2025-01-24", "close": 218.165527, "volume": 8905981, "typical_volume": 7333167.35, "trend": 207.306694, "fair_value": 150.523441, "relative_strength": 5.716535, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 50.168797, "energy": 24.751366, "activity_lines": [ 215.681626, 214.799849, 208.198953, 207.78007 ] }, { "date": "2025-01-31", "close": 211.797043, "volume": 3014702, "typical_volume": 7405631.85, "trend": 207.408207, "fair_value": 151.283067, "relative_strength": 0.700605, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.097876, "energy": 15.392701, "activity_lines": [ 213.383546, 215.248944, 208.765892, 208.06977 ] }, { "date": "2025-02-07", "close": 210.88443, "volume": 1892886, "typical_volume": 7310484.9, "trend": 207.661822, "fair_value": 152.048288, "relative_strength": 0.03408, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.610028, "energy": 14.902425, "activity_lines": [ 212.015941, 214.926101, 209.220123, 208.294042 ] }, { "date": "2025-02-14", "close": 201.718567, "volume": 4538509, "typical_volume": 7426844.5, "trend": 207.582795, "fair_value": 152.749667, "relative_strength": -1.513389, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.905498, "energy": 10.298434, "activity_lines": [ 208.610156, 212.401071, 208.803447, 207.910606 ] }, { "date": "2025-02-21", "close": 205.210312, "volume": 2791441, "typical_volume": 7424575.6, "trend": 207.489218, "fair_value": 153.494731, "relative_strength": 0.90918, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.712052, "energy": 6.405483, "activity_lines": [ 207.155915, 210.491784, 208.722199, 207.757543 ] }, { "date": "2025-02-28", "close": 200.339722, "volume": 2429190, "typical_volume": 7486472.2, "trend": 207.326865, "fair_value": 154.217157, "relative_strength": 1.556114, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.779087, "energy": 14.374405, "activity_lines": [ 204.084097, 208.113386, 208.184124, 207.296285 ] }, { "date": "2025-03-07", "close": 212.93782, "volume": 2713547, "typical_volume": 7587228.35, "trend": 207.847322, "fair_value": 154.997767, "relative_strength": 5.826329, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.094963, "energy": 9.38651, "activity_lines": [ 206.400033, 208.221962, 208.876807, 207.658282 ] }, { "date": "2025-03-14", "close": 203.206528, "volume": 1080742, "typical_volume": 7556596.75, "trend": 207.611232, "fair_value": 155.705504, "relative_strength": 1.708766, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.379235, "energy": 12.060927, "activity_lines": [ 205.396152, 206.877203, 208.606896, 207.358876 ] }, { "date": "2025-03-21", "close": 213.215576, "volume": 885062, "typical_volume": 7518551.4, "trend": 207.356294, "fair_value": 156.484079, "relative_strength": 2.649166, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.880443, "energy": 11.330728, "activity_lines": [ 208.240481, 207.769261, 209.244406, 207.720447 ] }, { "date": "2025-03-28", "close": 213.294937, "volume": 1779231, "typical_volume": 7490998.55, "trend": 206.919163, "fair_value": 157.26666, "relative_strength": 2.179696, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.897959, "energy": 17.289444, "activity_lines": [ 210.344796, 208.68152, 209.874785, 208.103585 ] }, { "date": "2025-04-04", "close": 217.381866, "volume": 1944495, "typical_volume": 7518390.6, "trend": 206.895686, "fair_value": 158.067809, "relative_strength": 7.058966, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.173645, "energy": 27.972022, "activity_lines": [ 213.272445, 210.191487, 210.830436, 208.778598 ] }, { "date": "2025-04-11", "close": 218.790482, "volume": 1671286, "typical_volume": 7532009.95, "trend": 207.30934, "fair_value": 158.87608, "relative_strength": 8.204798, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.658019, "energy": 38.66853, "activity_lines": [ 215.533491, 211.971815, 211.747353, 209.546004 ] }, { "date": "2025-04-18", "close": 221.072021, "volume": 1369490, "typical_volume": 7539788.7, "trend": 207.634708, "fair_value": 159.691345, "relative_strength": 4.846977, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.609127, "energy": 47.982998, "activity_lines": [ 218.164872, 214.039814, 212.689541, 210.433919 ] }, { "date": "2025-04-25", "close": 217.064438, "volume": 1856072, "typical_volume": 6645946.2, "trend": 208.126067, "fair_value": 160.499997, "relative_strength": 2.371806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.841022, "energy": 45.501751, "activity_lines": [ 218.269359, 215.193933, 213.061249, 211.042289 ] }, { "date": "2025-05-02", "close": 217.441391, "volume": 1810601, "typical_volume": 4831938.6, "trend": 208.484502, "fair_value": 161.326963, "relative_strength": 1.587806, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.82866, "energy": 37.750899, "activity_lines": [ 218.242907, 216.137573, 213.390774, 211.643277 ] }, { "date": "2025-05-09", "close": 212.630325, "volume": 1309964, "typical_volume": 4237290.55, "trend": 208.677607, "fair_value": 162.15361, "relative_strength": 0.960932, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.219673, "energy": 23.112473, "activity_lines": [ 216.336335, 215.984091, 213.312929, 211.91075 ] }, { "date": "2025-05-16", "close": 220.228851, "volume": 1532718, "typical_volume": 2772693.05, "trend": 209.171281, "fair_value": 162.992085, "relative_strength": 0.539106, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.606536, "energy": 23.262371, "activity_lines": [ 217.279375, 216.988693, 213.951668, 212.655991 ] }, { "date": "2025-05-23", "close": 218.453217, "volume": 4131809, "typical_volume": 2593977.45, "trend": 210.000244, "fair_value": 163.815681, "relative_strength": 0.522011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.237568, "energy": 18.687999, "activity_lines": [ 217.534646, 217.537889, 214.469338, 213.254826 ] }, { "date": "2025-05-30", "close": 215.626068, "volume": 942133, "typical_volume": 2472981.5, "trend": 210.183429, "fair_value": 164.629102, "relative_strength": -0.225925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.247354, "energy": 16.054816, "activity_lines": [ 217.02212, 217.295845, 214.754365, 213.617782 ] }, { "date": "2025-06-06", "close": 215.725266, "volume": 798565, "typical_volume": 2369921.2, "trend": 210.712153, "fair_value": 165.4492, "relative_strength": -1.034513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.237532, "energy": 16.985942, "activity_lines": [ 216.638552, 217.028009, 215.038873, 213.97532 ] }, { "date": "2025-06-13", "close": 212.759262, "volume": 1256632, "typical_volume": 1987453.75, "trend": 211.768278, "fair_value": 166.272223, "relative_strength": -1.092402, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.461032, "energy": 11.153209, "activity_lines": [ 215.380724, 216.176713, 214.991258, 214.107392 ] }, { "date": "2025-06-20", "close": 209.644455, "volume": 472482, "typical_volume": 1860342.75, "trend": 212.807539, "fair_value": 167.071782, "relative_strength": -3.907388, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.1314, "energy": 11.340196, "activity_lines": [ 213.076032, 214.843135, 214.672739, 213.970371 ] }, { "date": "2025-06-27", "close": 212.223602, "volume": 610099, "typical_volume": 1796203.4, "trend": 213.834236, "fair_value": 167.89169, "relative_strength": -4.624931, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.712217, "energy": 8.758857, "activity_lines": [ 212.336681, 214.144785, 214.610103, 213.932697 ] }, { "date": "2025-07-04", "close": 211.053055, "volume": 1174411, "typical_volume": 1627998.5, "trend": 214.180436, "fair_value": 168.696463, "relative_strength": -4.430329, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.853094, "energy": 15.824585, "activity_lines": [ 211.622456, 213.394488, 214.42961, 213.753266 ] }, { "date": "2025-07-11", "close": 209.644455, "volume": 350997, "typical_volume": 1505976.3, "trend": 213.564749, "fair_value": 169.502063, "relative_strength": -3.902121, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.997663, "energy": 24.638809, "activity_lines": [ 210.743565, 212.49738, 214.070514, 213.460623 ] }, { "date": "2025-07-18", "close": 224.37532, "volume": 2007533, "typical_volume": 1484893.45, "trend": 214.005848, "fair_value": 170.367754, "relative_strength": 3.444821, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.775137, "energy": 16.217838, "activity_lines": [ 215.18035, 214.420373, 215.093243, 214.158079 ] }, { "date": "2025-07-25", "close": 229.970062, "volume": 5201634, "typical_volume": 1609297.8, "trend": 213.994275, "fair_value": 171.287113, "relative_strength": 6.377145, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.437948, "energy": 45.200785, "activity_lines": [ 220.707644, 217.147047, 216.534349, 215.188028 ] }, { "date": "2025-08-01", "close": 241.893631, "volume": 3535183, "typical_volume": 1732019.85, "trend": 214.519361, "fair_value": 172.22663, "relative_strength": 12.745161, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.275244, "energy": 68.588685, "activity_lines": [ 228.854422, 221.86453, 219.029928, 216.987987 ] }, { "date": "2025-08-08", "close": 257.685883, "volume": 9871033, "typical_volume": 2181318.4, "trend": 215.991124, "fair_value": 173.297583, "relative_strength": 20.44446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.408676, "energy": 85.991801, "activity_lines": [ 240.287281, 229.027142, 222.845306, 219.772923 ] }, { "date": "2025-08-15", "close": 287.363739, "volume": 17234586, "typical_volume": 2954086.15, "trend": 218.726595, "fair_value": 174.533027, "relative_strength": 31.959512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.742914, "energy": 96.727266, "activity_lines": [ 258.503904, 240.821004, 229.275383, 224.377608 ] }, { "date": "2025-08-22", "close": 275.448303, "volume": 3132735, "typical_volume": 3013498.15, "trend": 220.636021, "fair_value": 175.701945, "relative_strength": 24.682657, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.17438, "energy": 92.748058, "activity_lines": [ 267.56743, 249.145905, 234.217948, 228.037073 ] }, { "date": "2025-08-29", "close": 283.849823, "volume": 2429094, "typical_volume": 3051388.55, "trend": 223.03778, "fair_value": 176.926944, "relative_strength": 30.071281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.958198, "energy": 92.80032, "activity_lines": [ 276.026596, 257.858555, 239.684151, 232.115383 ] }, { "date": "2025-09-05", "close": 290.967224, "volume": 3245127, "typical_volume": 3145170.4, "trend": 225.707207, "fair_value": 178.142883, "relative_strength": 30.799265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.811294, "energy": 91.871635, "activity_lines": [ 283.266245, 266.516089, 245.518395, 236.497928 ] }, { "date": "2025-09-12", "close": 270.909119, "volume": 1446802, "typical_volume": 3124706.9, "trend": 228.013558, "fair_value": 179.221659, "relative_strength": 19.298086, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.987797, "energy": 65.384038, "activity_lines": [ 280.548287, 270.094992, 249.10951, 239.41418 ] }, { "date": "2025-09-19", "close": 272.203186, "volume": 1293030, "typical_volume": 3098828.35, "trend": 230.246654, "fair_value": 180.318269, "relative_strength": 18.217407, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.209961, "energy": 58.755896, "activity_lines": [ 277.380135, 272.820888, 252.567465, 242.265124 ] }, { "date": "2025-09-26", "close": 251.89621, "volume": 1088978, "typical_volume": 3087779.05, "trend": 231.965204, "fair_value": 181.259588, "relative_strength": 11.793025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.527659, "energy": 39.966284, "activity_lines": [ 268.453695, 270.717176, 253.830652, 243.66187 ] }, { "date": "2025-10-03", "close": 253.040955, "volume": 907619, "typical_volume": 3056524.1, "trend": 233.301975, "fair_value": 182.199025, "relative_strength": 10.77709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.706001, "energy": 24.838012, "activity_lines": [ 261.478976, 268.321219, 255.015883, 245.021595 ] }, { "date": "2025-10-10", "close": 264.289429, "volume": 1577619, "typical_volume": 2928814.6, "trend": 235.338072, "fair_value": 183.196579, "relative_strength": 13.396883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.772157, "energy": 23.608266, "activity_lines": [ 260.307672, 267.550968, 257.116148, 247.020786 ] }, { "date": "2025-10-17", "close": 256.574768, "volume": 1265992, "typical_volume": 2945007.55, "trend": 236.783378, "fair_value": 184.188555, "relative_strength": 7.883209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.013504, "energy": 23.053712, "activity_lines": [ 258.343335, 264.970856, 258.263416, 248.390895 ] }, { "date": "2025-10-24", "close": 249.855545, "volume": 571411, "typical_volume": 2933649.85, "trend": 238.002065, "fair_value": 185.130147, "relative_strength": 4.346002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.42234, "energy": 19.478749, "activity_lines": [ 255.09488, 261.189268, 258.575765, 249.234261 ] }, { "date": "2025-10-31", "close": 255.728638, "volume": 799853, "typical_volume": 2910810.9, "trend": 239.280291, "fair_value": 186.102074, "relative_strength": 6.815236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.114683, "energy": 12.79475, "activity_lines": [ 255.293966, 259.157483, 259.28493, 250.377911 ] }, { "date": "2025-11-07", "close": 245.27652, "volume": 3898571, "typical_volume": 3082115.35, "trend": 240.163159, "fair_value": 186.995872, "relative_strength": 3.086536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.563753, "energy": 11.327758, "activity_lines": [ 251.753517, 255.583852, 258.79404, 250.764764 ] }, { "date": "2025-11-14", "close": 232.883286, "volume": 1032151, "typical_volume": 3103217.95, "trend": 240.556868, "fair_value": 187.829621, "relative_strength": -3.956243, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.798866, "energy": 20.120354, "activity_lines": [ 244.599619, 250.458239, 256.953165, 250.295095 ] }, { "date": "2025-11-21", "close": 223.376831, "volume": 816205, "typical_volume": 3085307.65, "trend": 240.767281, "fair_value": 188.610062, "relative_strength": -8.642785, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.690057, "energy": 51.443094, "activity_lines": [ 236.370645, 244.660251, 254.108534, 249.186706 ] }, { "date": "2025-11-28", "close": 224.372269, "volume": 665429, "typical_volume": 3101029.25, "trend": 240.99831, "fair_value": 189.370813, "relative_strength": -8.902856, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.002311, "energy": 59.492665, "activity_lines": [ 230.68668, 239.907475, 251.300021, 248.128963 ] }, { "date": "2025-12-05", "close": 221.784134, "volume": 706501, "typical_volume": 3035977.65, "trend": 241.303437, "fair_value": 190.039303, "relative_strength": -9.959178, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.723207, "energy": 64.219727, "activity_lines": [ 225.838889, 235.553782, 248.174888, 246.889339 ] }, { "date": "2025-12-12", "close": 220.559738, "volume": 673412, "typical_volume": 2809566.55, "trend": 241.314466, "fair_value": 190.719656, "relative_strength": -9.839885, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.180814, "energy": 67.532158, "activity_lines": [ 222.845932, 231.524964, 244.945484, 245.551036 ] }, { "date": "2025-12-19", "close": 215.562622, "volume": 593697, "typical_volume": 2662492.25, "trend": 241.218113, "fair_value": 191.448099, "relative_strength": -11.491484, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.022958, "energy": 66.480086, "activity_lines": [ 219.835056, 227.178147, 241.284976, 243.889626 ] }, { "date": "2025-12-26", "close": 224.750534, "volume": 721613, "typical_volume": 2205021.25, "trend": 241.522262, "fair_value": 192.173757, "relative_strength": -7.791034, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.884974, "energy": 54.687761, "activity_lines": [ 221.041527, 225.387801, 238.624892, 242.827202 ] }, { "date": "2026-01-02", "close": 221.495438, "volume": 530866, "typical_volume": 1369835.25, "trend": 241.714601, "fair_value": 192.861698, "relative_strength": -9.927969, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.562641, "energy": 52.774334, "activity_lines": [ 221.071387, 223.584242, 235.811634, 241.535149 ] }, { "date": "2026-01-09", "close": 217.523651, "volume": 1057628, "typical_volume": 1266079.9, "trend": 241.873414, "fair_value": 193.520046, "relative_strength": -9.200455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.852802, "energy": 52.858635, "activity_lines": [ 219.969106, 221.574179, 232.93377, 239.974442 ] }, { "date": "2026-01-16", "close": 215.443161, "volume": 1446458, "typical_volume": 1216948.1, "trend": 242.066704, "fair_value": 194.172053, "relative_strength": -10.021672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.758488, "energy": 52.676383, "activity_lines": [ 218.457361, 219.88048, 230.133595, 238.269265 ] }, { "date": "2026-01-23", "close": 210.844238, "volume": 713308, "typical_volume": 1090357.15, "trend": 242.020726, "fair_value": 194.861346, "relative_strength": -9.480004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.89047, "energy": 66.552427, "activity_lines": [ 215.753746, 217.893039, 227.221174, 236.254912 ] }, { "date": "2026-01-30", "close": 218.976974, "volume": 878144, "typical_volume": 1061924.25, "trend": 242.284856, "fair_value": 195.555082, "relative_strength": -6.928802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.714784, "energy": 53.994228, "activity_lines": [ 216.075603, 217.784987, 225.464836, 234.768218 ] }, { "date": "2026-02-06", "close": 214.447723, "volume": 4058367, "typical_volume": 1200191.1, "trend": 242.444965, "fair_value": 196.212153, "relative_strength": -10.06467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.485163, "energy": 47.862655, "activity_lines": [ 215.272613, 216.933432, 223.524438, 232.972274 ] }, { "date": "2026-02-13", "close": 216.470001, "volume": 3414191, "typical_volume": 1316451.75, "trend": 242.181455, "fair_value": 196.877418, "relative_strength": -8.366448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.991782, "energy": 42.815798, "activity_lines": [ 215.613564, 216.63001, 222.051664, 231.29647 ] }, { "date": "2026-02-20", "close": 213.479996, "volume": 3778659, "typical_volume": 1460003.75, "trend": 241.631786, "fair_value": 197.525425, "relative_strength": -9.863908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.576828, "energy": 40.679014, "activity_lines": [ 215.028089, 215.879571, 220.462823, 229.444763 ] }, { "date": "2026-02-27", "close": 214.210007, "volume": 1582233, "typical_volume": 1460234.45, "trend": 240.708998, "fair_value": 198.175249, "relative_strength": -8.040901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.294059, "energy": 39.454245, "activity_lines": [ 214.816829, 215.390584, 219.131893, 227.675616 ] }, { "date": "2026-03-06", "close": 203.960007, "volume": 980613, "typical_volume": 1445965.5, "trend": 238.918136, "fair_value": 198.775265, "relative_strength": -9.626764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.294014, "energy": 47.022258, "activity_lines": [ 210.964518, 213.062554, 217.063245, 225.304713 ] }, { "date": "2026-03-13", "close": 204.929993, "volume": 1843855, "typical_volume": 1509587.7, "trend": 236.170344, "fair_value": 199.407253, "relative_strength": -4.056496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.99111, "energy": 48.560448, "activity_lines": [ 208.436667, 211.288895, 215.337524, 223.11193 ] }, { "date": "2026-03-20", "close": 216.389999, "volume": 1590475, "typical_volume": 1549118.8, "trend": 234.201734, "fair_value": 200.063421, "relative_strength": 1.420495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.991362, "energy": 39.728788, "activity_lines": [ 210.363333, 211.900063, 214.917163, 221.835779 ] }, { "date": "2026-03-27", "close": 206.720001, "volume": 1546835, "typical_volume": 1431532.0, "trend": 231.63074, "fair_value": 200.677314, "relative_strength": -1.857616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.391305, "energy": 42.845726, "activity_lines": [ 209.072, 210.773661, 213.763177, 220.062764 ] }, { "date": "2026-04-03", "close": 206.880005, "volume": 572655, "typical_volume": 1408557.2, "trend": 228.827833, "fair_value": 201.276654, "relative_strength": -1.242431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.52025, "energy": 37.626006, "activity_lines": [ 208.284668, 209.834954, 212.808032, 218.465942 ] }, { "date": "2026-04-10", "close": 216.399994, "volume": 498036, "typical_volume": 1392648.75, "trend": 227.010862, "fair_value": 201.931614, "relative_strength": -2.323311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.686645, "energy": 22.016091, "activity_lines": [ 211.159332, 210.699231, 212.883377, 217.664146 ] }, { "date": "2026-04-17", "close": 222.360001, "volume": 644491, "typical_volume": 1391601.85, "trend": 225.349422, "fair_value": 202.649579, "relative_strength": -0.853081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.007778, "energy": 11.231091, "activity_lines": [ 215.191333, 212.694, 213.559566, 217.36409 ] }, { "date": "2026-04-24", "close": 231.75, "volume": 1584746, "typical_volume": 1435514.1, "trend": 224.677882, "fair_value": 203.394353, "relative_strength": 5.157104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.881711, "energy": 13.893847, "activity_lines": [ 221.191333, 216.252182, 215.139622, 217.777031 ] }, { "date": "2026-05-01", "close": 230.289993, "volume": 620006, "typical_volume": 1432843.8, "trend": 223.919517, "fair_value": 204.061728, "relative_strength": 3.916735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 21.696962, "energy": 27.239859, "activity_lines": [ 225.680664, 219.26709, 216.533173, 218.139103 ] }, { "date": "2026-05-08", "close": 236.449997, "volume": 1450154, "typical_volume": 1475666.65, "trend": 222.991535, "fair_value": 204.782897, "relative_strength": 5.704862, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.682307, "energy": 52.122693, "activity_lines": [ 230.651997, 223.096362, 218.467057, 218.947521 ] }, { "date": "2026-05-15", "close": 215.119995, "volume": 726468, "typical_volume": 1475909.4, "trend": 221.60971, "fair_value": 205.379736, "relative_strength": -1.724687, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.567934, "energy": 34.669563, "activity_lines": [ 226.541996, 222.643088, 218.270048, 218.439679 ] }, { "date": "2026-05-22", "close": 220.990005, "volume": 1182181, "typical_volume": 1508475.15, "trend": 220.647525, "fair_value": 205.957609, "relative_strength": 0.524266, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.080605, "energy": 20.626888, "activity_lines": [ 224.473999, 223.054181, 218.677948, 218.399698 ] }, { "date": "2026-05-29", "close": 217.949997, "volume": 1485852, "typical_volume": 1529886.35, "trend": 219.388237, "fair_value": 206.455586, "relative_strength": -0.24885, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.611755, "energy": 5.497368, "activity_lines": [ 221.483998, 222.620544, 218.79873, 218.225664 ] }, { "date": "2026-06-05", "close": 209.059998, "volume": 450586, "typical_volume": 1480092.75, "trend": 218.18102, "fair_value": 206.894986, "relative_strength": -3.639947, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.314043, "energy": 18.333577, "activity_lines": [ 216.450665, 220.54218, 218.070815, 217.559326 ] }, { "date": "2026-06-12", "close": 218.570007, "volume": 1739140, "typical_volume": 1531384.35, "trend": 217.70391, "fair_value": 207.358785, "relative_strength": -0.482187, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.992845, "energy": 12.041543, "activity_lines": [ 216.002668, 220.150363, 218.279011, 217.584422 ] }, { "date": "2026-06-19", "close": 213.25, "volume": 293430, "typical_volume": 1502148.65, "trend": 217.366349, "fair_value": 207.818367, "relative_strength": -4.587261, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.723472, "energy": 15.788788, "activity_lines": [ 214.973335, 218.578727, 217.943751, 217.297073 ] }, { "date": "2026-06-26", "close": 210.649994, "volume": 0, "typical_volume": 1299230.3, "trend": 216.90894, "fair_value": 208.272729, "relative_strength": -6.011638, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.922723, "energy": 22.854265, "activity_lines": [ 213.201999, 216.591635, 217.388142, 216.86376 ] }, { "date": "2026-07-03", "close": 209.690002, "volume": 192108, "typical_volume": 1138126.15, "trend": 216.505802, "fair_value": 208.670702, "relative_strength": -7.335184, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.204318, "energy": 25.547422, "activity_lines": [ 211.8, 214.642909, 216.75919, 216.398022 ] }, { "date": "2026-07-10", "close": 205.259995, "volume": 892814, "typical_volume": 993833.9, "trend": 215.995811, "fair_value": 209.076841, "relative_strength": -9.080162, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.014231, "energy": 43.682296, "activity_lines": [ 209.471998, 212.289817, 215.740618, 215.672486 ] }, { "date": "2026-07-17", "close": 205.449997, "volume": 794544, "typical_volume": 954449.45, "trend": 215.658723, "fair_value": 209.484516, "relative_strength": -9.370867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.268396, "energy": 53.770591, "activity_lines": [ 207.460664, 210.426362, 214.779284, 214.992111 ] }, { "date": "2026-07-24", "close": 204.880005, "volume": 1171335, "typical_volume": 963985.55, "trend": 214.996372, "fair_value": 209.89426, "relative_strength": -7.344587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.304012, "energy": 56.329999, "activity_lines": [ 206.134, 209.022909, 213.80538, 214.29671 ] }, { "date": "2026-07-31", "close": 202.779999, "volume": 683132, "typical_volume": 905949.4, "trend": 214.372524, "fair_value": 210.133479, "relative_strength": -10.327889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.216991, "energy": 59.922696, "activity_lines": [ 204.665333, 207.423818, 212.627094, 213.508557 ] }, { "date": "2026-08-07", "close": 201.960007, "volume": 1170011, "typical_volume": 884926.2, "trend": 213.853736, "fair_value": 210.414179, "relative_strength": -10.935045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.389926, "energy": 58.20117, "activity_lines": [ 203.448002, 206.006728, 211.380952, 212.707749 ] } ], "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." } } }