{ "ticker": { "uuid": "53e1b9f1-2d97-40cb-8784-64e0964f15e2", "symbol": "KARE", "name": "Kardan Real Estate Enterprise and Development Ltd", "exchange": "TLV", "country": "IL", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -67.882, "architecture_energy": 66.817, "architecture_maturity": 72.811, "architecture_confidence": 96, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 4.2, "rotation_up": 29.75, "upward_expansion": 12.0, "deceleration": 55.76, "rotation_down": 58.32, "downward_expansion": 87.67 }, "activity_lines": [ 4.978733, 5.305909, 164.760309, 272.65355 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 4.529, "trend_reference": 396.627838, "distance_from_trend": -0.988581, "trend_direction": "Weakening", "fair_value": 485.263772, "distance_from_fair_value": -0.990667, "fair_value_direction": "Weakening", "relative_strength": -99.184518, "relative_strength_direction": "Weakening", "price_momentum": -0.991748, "excess_performance": -1.020648, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.988581, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.342387, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.990667, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.389845, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.991845, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.86427, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.991748, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.141707, "read": "Supply-led" } ], "volume": { "latest": 618839, "relative_activity": 3.081447, "balance": 0.141707, "dry_up": 1.454881, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 15.771422, "annualized_volatility": 6.389908, "from_high_reference": -0.994338, "from_low_reference": 0.017753 }, "levels": { "trend_reference": 396.627838, "fair_value_reference": 485.263772, "structural_low": 4.45, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.021508, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.010551, "regime_survival": 0.75, "best_return": 0.16101, "worst_return": -0.186813, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.061528, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.023477, "regime_survival": 0.0, "best_return": 0.131973, "worst_return": -0.098668, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.017729, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": 0.012063, "regime_survival": 0.5, "best_return": -0.002532, "worst_return": -0.032925, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.035374, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": 0.024176, "regime_survival": 0.0, "best_return": -0.035374, "worst_return": -0.035374, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.097205, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.063148, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-06-20", "tenure": "Developing", "return": 0.03548, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.137032, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": -0.172003, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-09-19", "tenure": "Developing", "return": -0.154637, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": 0.376486, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-12-05", "tenure": "Developing", "return": -0.015562, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-02-13", "tenure": "Developing", "return": -0.100145, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.062609, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.179654, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.053029, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-05-29", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.245544, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 391.853546, "volume": 254716, "typical_volume": 1314742.2, "trend": 367.975226, "fair_value": 383.633514, "relative_strength": 7.897705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.381457, "energy": 18.868487, "activity_lines": [ 399.402126, 401.885413, 394.410504, 382.544127 ] }, { "date": "2023-08-25", "close": 391.753601, "volume": 467554, "typical_volume": 1322726.15, "trend": 369.507595, "fair_value": 384.979537, "relative_strength": 7.115592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.841698, "energy": 15.986589, "activity_lines": [ 395.564539, 399.521445, 395.32707, 384.078216 ] }, { "date": "2023-09-01", "close": 370.46701, "volume": 523708, "typical_volume": 1331549.15, "trend": 370.373716, "fair_value": 386.265935, "relative_strength": 0.862854, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.769602, "energy": 8.400447, "activity_lines": [ 387.063224, 393.848653, 393.987438, 384.140113 ] }, { "date": "2023-09-08", "close": 371.766174, "volume": 1603244, "typical_volume": 1324142.7, "trend": 371.226514, "fair_value": 387.513283, "relative_strength": 2.143395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.336695, "energy": 13.409627, "activity_lines": [ 380.620609, 389.244275, 392.606402, 384.229949 ] }, { "date": "2023-09-15", "close": 382.659332, "volume": 1239093, "typical_volume": 1347987.05, "trend": 372.47906, "fair_value": 388.792046, "relative_strength": 3.924314, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.277733, "energy": 15.673181, "activity_lines": [ 379.141542, 386.985697, 392.086729, 384.967551 ] }, { "date": "2023-09-22", "close": 412.840363, "volume": 2878057, "typical_volume": 1307847.2, "trend": 375.080758, "fair_value": 390.295008, "relative_strength": 10.899954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.110761, "energy": 14.788614, "activity_lines": [ 389.521686, 390.568901, 394.322944, 387.571506 ] }, { "date": "2023-09-29", "close": 428.730347, "volume": 2540225, "typical_volume": 1313387.6, "trend": 378.61187, "fair_value": 391.872939, "relative_strength": 15.793561, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 51.00469, "energy": 33.80806, "activity_lines": [ 403.799369, 396.777723, 397.811226, 391.03277 ] }, { "date": "2023-10-06", "close": 434.726593, "volume": 1650006, "typical_volume": 1315898.3, "trend": 381.78321, "fair_value": 393.485466, "relative_strength": 17.764528, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 63.12693, "energy": 54.775747, "activity_lines": [ 417.610685, 404.067685, 401.556491, 394.653074 ] }, { "date": "2023-10-13", "close": 389.455078, "volume": 555179, "typical_volume": 1243317.4, "trend": 384.175041, "fair_value": 394.802029, "relative_strength": 12.291717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.414455, "energy": 35.498746, "activity_lines": [ 412.047524, 402.401465, 400.706076, 395.148033 ] }, { "date": "2023-10-20", "close": 345.982422, "volume": 1122178, "typical_volume": 1194485.0, "trend": 383.881893, "fair_value": 395.821995, "relative_strength": 2.039947, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -4.04281, "energy": 4.740274, "activity_lines": [ 390.814217, 392.872916, 395.547894, 392.683994 ] }, { "date": "2023-10-27", "close": 328.393463, "volume": 903471, "typical_volume": 1207169.35, "trend": 383.312251, "fair_value": 396.781069, "relative_strength": 0.366581, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -44.639321, "energy": 45.794343, "activity_lines": [ 366.163051, 381.303829, 388.776915, 389.104095 ] }, { "date": "2023-11-03", "close": 361.472656, "volume": 2536628, "typical_volume": 1266368.65, "trend": 383.905211, "fair_value": 397.81262, "relative_strength": 4.766813, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.968949, "energy": 42.323098, "activity_lines": [ 358.168076, 376.902959, 385.563222, 387.695089 ] }, { "date": "2023-11-10", "close": 362.272156, "volume": 1643366, "typical_volume": 1269666.95, "trend": 384.78799, "fair_value": 398.80768, "relative_strength": 3.525397, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.641678, "energy": 51.175557, "activity_lines": [ 354.923448, 373.198016, 382.716917, 386.299408 ] }, { "date": "2023-11-17", "close": 378.76178, "volume": 1545130, "typical_volume": 1263749.65, "trend": 386.253735, "fair_value": 399.743905, "relative_strength": 6.877765, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.754773, "energy": 54.116622, "activity_lines": [ 362.005656, 372.640183, 381.698034, 385.91062 ] }, { "date": "2023-11-24", "close": 386.057159, "volume": 982764, "typical_volume": 1297660.65, "trend": 387.196474, "fair_value": 400.677597, "relative_strength": 4.126891, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -43.740933, "energy": 21.312607, "activity_lines": [ 372.232544, 373.281591, 381.43629, 385.897938 ] }, { "date": "2023-12-01", "close": 380.760498, "volume": 640047, "typical_volume": 1238750.3, "trend": 387.955995, "fair_value": 401.651602, "relative_strength": 3.749242, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.925023, "energy": 15.517949, "activity_lines": [ 378.022229, 372.89819, 380.746722, 385.482713 ] }, { "date": "2023-12-08", "close": 390.854187, "volume": 414513, "typical_volume": 1191756.5, "trend": 388.892074, "fair_value": 402.749852, "relative_strength": 4.624755, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.075225, "energy": 15.524296, "activity_lines": [ 383.685341, 374.933276, 381.102214, 385.669693 ] }, { "date": "2023-12-15", "close": 414.839081, "volume": 1449600, "typical_volume": 1178085.6, "trend": 390.217907, "fair_value": 403.764967, "relative_strength": 9.45312, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.527815, "energy": 16.389797, "activity_lines": [ 395.38465, 382.017909, 383.919964, 387.343694 ] }, { "date": "2023-12-22", "close": 430.129456, "volume": 581089, "typical_volume": 1189998.0, "trend": 392.746316, "fair_value": 404.849286, "relative_strength": 11.233363, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.580173, "energy": 34.587703, "activity_lines": [ 408.676288, 392.244201, 388.098763, 389.918633 ] }, { "date": "2023-12-29", "close": 417.437469, "volume": 412702, "typical_volume": 1197163.5, "trend": 394.69176, "fair_value": 405.728681, "relative_strength": 7.382832, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.743641, "energy": 39.036685, "activity_lines": [ 414.312752, 399.423325, 390.886059, 391.51161 ] }, { "date": "2024-01-05", "close": 445.419891, "volume": 915773, "typical_volume": 1230216.35, "trend": 395.744433, "fair_value": 406.72727, "relative_strength": 12.758739, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.941842, "energy": 57.944691, "activity_lines": [ 427.18467, 410.39098, 396.301228, 394.784393 ] }, { "date": "2024-01-12", "close": 407.743561, "volume": 1064042, "typical_volume": 1260040.75, "trend": 395.248078, "fair_value": 407.387029, "relative_strength": 3.846752, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.540635, "energy": 55.811331, "activity_lines": [ 423.187185, 412.38064, 397.873097, 395.55853 ] }, { "date": "2024-01-19", "close": 386.856689, "volume": 450870, "typical_volume": 1256398.85, "trend": 394.268695, "fair_value": 408.025578, "relative_strength": -0.350803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.604878, "energy": 26.828889, "activity_lines": [ 411.10145, 409.731397, 397.379597, 395.01715 ] }, { "date": "2024-01-26", "close": 387.256439, "volume": 475951, "typical_volume": 1200034.2, "trend": 394.115458, "fair_value": 408.892051, "relative_strength": 0.27139, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.723489, "energy": 13.418798, "activity_lines": [ 401.014459, 406.707845, 396.846123, 394.564747 ] }, { "date": "2024-02-02", "close": 401.747345, "volume": 1956483, "typical_volume": 1235903.7, "trend": 394.102134, "fair_value": 409.834768, "relative_strength": 4.250215, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.911318, "energy": 19.407368, "activity_lines": [ 398.615971, 406.164554, 397.618972, 395.057126 ] }, { "date": "2024-02-09", "close": 387.956024, "volume": 863076, "typical_volume": 1135154.65, "trend": 393.755686, "fair_value": 410.398415, "relative_strength": -0.240897, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.561262, "energy": 12.254917, "activity_lines": [ 392.666384, 402.828474, 396.987466, 394.660603 ] }, { "date": "2024-02-16", "close": 394.75174, "volume": 421424, "typical_volume": 1029214.6, "trend": 392.639723, "fair_value": 411.142633, "relative_strength": -0.345179, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.293447, "energy": 15.858077, "activity_lines": [ 392.81296, 400.597152, 397.121669, 394.724865 ] }, { "date": "2024-02-23", "close": 413.739777, "volume": 512502, "typical_volume": 972339.4, "trend": 393.269326, "fair_value": 411.975918, "relative_strength": 1.365468, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.105875, "energy": 14.366008, "activity_lines": [ 400.155003, 401.747335, 399.226059, 396.086159 ] }, { "date": "2024-03-01", "close": 442.721558, "volume": 886322, "typical_volume": 988896.55, "trend": 394.968258, "fair_value": 412.919436, "relative_strength": 6.248245, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.268115, "energy": 41.12697, "activity_lines": [ 415.365434, 408.18692, 404.190555, 399.276625 ] }, { "date": "2024-03-08", "close": 460.710236, "volume": 495790, "typical_volume": 957577.15, "trend": 396.670521, "fair_value": 413.866226, "relative_strength": 10.515498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.486896, "energy": 67.111892, "activity_lines": [ 432.874416, 417.668227, 410.614609, 403.518043 ] }, { "date": "2024-03-15", "close": 436.225647, "volume": 599011, "typical_volume": 942354.15, "trend": 398.149591, "fair_value": 414.550426, "relative_strength": 7.257368, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.482478, "energy": 67.371708, "activity_lines": [ 438.29101, 421.911013, 414.160475, 406.069987 ] }, { "date": "2024-03-22", "close": 476.500275, "volume": 1459431, "typical_volume": 888494.3, "trend": 400.97448, "fair_value": 415.325696, "relative_strength": 11.110058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.378652, "energy": 81.260624, "activity_lines": [ 453.914504, 433.643626, 421.028533, 411.12487 ] }, { "date": "2024-03-29", "close": 454.771301, "volume": 351770, "typical_volume": 823914.5, "trend": 403.784623, "fair_value": 415.904642, "relative_strength": 4.971153, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.56417, "energy": 72.952946, "activity_lines": [ 456.845105, 440.175395, 425.279414, 414.595632 ] }, { "date": "2024-04-05", "close": 448.373138, "volume": 791470, "typical_volume": 786231.5, "trend": 406.338189, "fair_value": 416.54248, "relative_strength": 5.812729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.342167, "energy": 59.62111, "activity_lines": [ 454.90755, 444.30905, 428.480474, 417.472311 ] }, { "date": "2024-04-12", "close": 429.878357, "volume": 1299490, "typical_volume": 802067.8, "trend": 407.912156, "fair_value": 417.050234, "relative_strength": 1.81414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.218147, "energy": 40.903128, "activity_lines": [ 446.428296, 443.968805, 429.588644, 418.991031 ] }, { "date": "2024-04-19", "close": 428.278809, "volume": 661166, "typical_volume": 803123.75, "trend": 408.426771, "fair_value": 417.384427, "relative_strength": 2.271813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.318743, "energy": 23.465734, "activity_lines": [ 439.471318, 442.82626, 430.335804, 420.305009 ] }, { "date": "2024-04-26", "close": 429.878357, "volume": 320100, "typical_volume": 798403.1, "trend": 408.465038, "fair_value": 417.392652, "relative_strength": 1.826995, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.523176, "energy": 20.057811, "activity_lines": [ 433.577311, 441.241401, 431.009024, 421.688982 ] }, { "date": "2024-05-03", "close": 423.880066, "volume": 2328201, "typical_volume": 842333.15, "trend": 408.103487, "fair_value": 416.92566, "relative_strength": -0.512359, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.932719, "energy": 20.76419, "activity_lines": [ 428.792002, 437.927277, 430.925148, 422.6835 ] }, { "date": "2024-05-10", "close": 439.375671, "volume": 804873, "typical_volume": 853522.35, "trend": 409.767507, "fair_value": 416.727071, "relative_strength": -0.32976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.99264, "energy": 18.631129, "activity_lines": [ 431.231311, 437.246168, 432.273992, 424.70106 ] }, { "date": "2024-05-17", "close": 425.879486, "volume": 2124222, "typical_volume": 939098.35, "trend": 412.430742, "fair_value": 416.286985, "relative_strength": -2.447762, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.813727, "energy": 15.676302, "activity_lines": [ 429.771722, 434.17204, 432.293456, 425.740543 ] }, { "date": "2024-05-24", "close": 419.881195, "volume": 974917, "typical_volume": 942055.55, "trend": 415.480333, "fair_value": 415.930128, "relative_strength": -3.250026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.136043, "energy": 8.676929, "activity_lines": [ 426.579295, 430.640601, 431.701454, 426.221217 ] }, { "date": "2024-05-31", "close": 433.277405, "volume": 390072, "typical_volume": 908357.05, "trend": 417.873825, "fair_value": 416.177886, "relative_strength": -1.804928, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.194121, "energy": 8.879683, "activity_lines": [ 428.412111, 429.842008, 432.506894, 427.369415 ] }, { "date": "2024-06-07", "close": 409.984009, "volume": 566264, "typical_volume": 914126.75, "trend": 419.46422, "fair_value": 416.05218, "relative_strength": -5.287745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.733686, "energy": 8.63744, "activity_lines": [ 422.25386, 425.594123, 430.972326, 426.860395 ] }, { "date": "2024-06-14", "close": 407.884583, "volume": 212663, "typical_volume": 900962.35, "trend": 420.43498, "fair_value": 415.557582, "relative_strength": -6.594712, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.924428, "energy": 23.130285, "activity_lines": [ 416.322203, 421.778838, 429.127682, 426.113321 ] }, { "date": "2024-06-21", "close": 406.884857, "volume": 499428, "typical_volume": 828109.6, "trend": 421.129237, "fair_value": 415.431862, "relative_strength": -5.697933, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.467023, "energy": 33.446713, "activity_lines": [ 412.15671, 418.517941, 427.089597, 425.23912 ] }, { "date": "2024-06-28", "close": 408.084534, "volume": 1635048, "typical_volume": 866708.2, "trend": 422.040038, "fair_value": 415.194074, "relative_strength": -5.647459, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.806677, "energy": 37.980814, "activity_lines": [ 409.657418, 415.89323, 425.141303, 424.397526 ] }, { "date": "2024-07-05", "close": 420.88092, "volume": 709421, "typical_volume": 881108.05, "trend": 423.040929, "fair_value": 414.883973, "relative_strength": -4.501139, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.760242, "energy": 28.42107, "activity_lines": [ 412.210032, 415.962303, 424.315862, 424.322744 ] }, { "date": "2024-07-12", "close": 461.869293, "volume": 413639, "typical_volume": 876164.9, "trend": 424.608603, "fair_value": 414.994802, "relative_strength": 2.119984, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 29.626952, "energy": 16.269601, "activity_lines": [ 429.25187, 423.647398, 427.269651, 426.8278 ] }, { "date": "2024-07-19", "close": 458.670197, "volume": 809118, "typical_volume": 872304.7, "trend": 425.559961, "fair_value": 415.248431, "relative_strength": 2.710694, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 59.964626, "energy": 38.168909, "activity_lines": [ 441.768323, 430.060125, 429.689576, 429.025322 ] }, { "date": "2024-07-26", "close": 464.668518, "volume": 935433, "typical_volume": 894286.85, "trend": 427.134329, "fair_value": 415.550116, "relative_strength": 3.810267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.527323, "energy": 57.08291, "activity_lines": [ 452.898509, 437.212647, 432.604823, 431.548455 ] }, { "date": "2024-08-02", "close": 432.177704, "volume": 655965, "typical_volume": 897134.55, "trend": 426.692923, "fair_value": 415.938121, "relative_strength": -0.444179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.557858, "energy": 47.337591, "activity_lines": [ 449.346179, 437.752493, 432.406859, 431.873834 ] }, { "date": "2024-08-09", "close": 441.874969, "volume": 992747, "typical_volume": 873800.35, "trend": 427.830637, "fair_value": 416.4075, "relative_strength": 0.622322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.838113, "energy": 45.52975, "activity_lines": [ 447.42006, 439.831905, 433.151719, 432.853321 ] }, { "date": "2024-08-16", "close": 439.775543, "volume": 351926, "typical_volume": 873808.15, "trend": 429.594598, "fair_value": 416.75327, "relative_strength": -2.250225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.939147, "energy": 25.46439, "activity_lines": [ 443.394529, 441.373284, 433.861517, 433.62396 ] }, { "date": "2024-08-23", "close": 433.677277, "volume": 220022, "typical_volume": 845235.75, "trend": 431.14196, "fair_value": 416.785847, "relative_strength": -3.408917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.34993, "energy": 15.268964, "activity_lines": [ 438.809159, 441.264223, 434.061936, 433.887359 ] }, { "date": "2024-08-30", "close": 459.769897, "volume": 280193, "typical_volume": 794270.9, "trend": 433.076045, "fair_value": 416.972877, "relative_strength": 0.186571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.477235, "energy": 22.895268, "activity_lines": [ 444.587524, 445.430317, 436.817346, 435.734322 ] }, { "date": "2024-09-06", "close": 459.170074, "volume": 391975, "typical_volume": 780811.35, "trend": 435.449846, "fair_value": 416.976744, "relative_strength": 0.917683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.730946, "energy": 30.609599, "activity_lines": [ 450.492523, 448.525806, 439.37329, 437.417808 ] }, { "date": "2024-09-13", "close": 471.166656, "volume": 182276, "typical_volume": 773920.15, "trend": 437.99701, "fair_value": 417.17663, "relative_strength": 4.234515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.097872, "energy": 54.083501, "activity_lines": [ 458.596891, 452.873664, 442.924664, 439.722118 ] }, { "date": "2024-09-20", "close": 438.175995, "volume": 218447, "typical_volume": 668432.45, "trend": 438.811551, "fair_value": 417.154151, "relative_strength": 0.119747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.174624, "energy": 39.876188, "activity_lines": [ 453.751593, 450.308933, 443.137459, 439.733666 ] }, { "date": "2024-09-27", "close": 457.170624, "volume": 265667, "typical_volume": 641472.15, "trend": 439.293186, "fair_value": 417.475658, "relative_strength": -0.71652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.165921, "energy": 35.991874, "activity_lines": [ 455.344474, 451.628559, 445.091191, 440.918122 ] }, { "date": "2024-10-04", "close": 454.071533, "volume": 375640, "typical_volume": 554043.05, "trend": 439.071896, "fair_value": 417.804197, "relative_strength": -1.10407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.7487, "energy": 25.458422, "activity_lines": [ 454.338102, 452.411978, 446.665034, 441.871564 ] }, { "date": "2024-10-11", "close": 448.872986, "volume": 1030758, "typical_volume": 556835.1, "trend": 439.493474, "fair_value": 418.032167, "relative_strength": -2.128826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.301562, "energy": 15.33809, "activity_lines": [ 451.978772, 452.44288, 447.609529, 442.503892 ] }, { "date": "2024-10-18", "close": 453.971558, "volume": 331784, "typical_volume": 553920.7, "trend": 438.742517, "fair_value": 418.196117, "relative_strength": -3.086739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.164725, "energy": 18.90086, "activity_lines": [ 452.005438, 453.097244, 448.901546, 443.437962 ] }, { "date": "2024-10-25", "close": 459.470001, "volume": 205446, "typical_volume": 535879.8, "trend": 438.89914, "fair_value": 418.218558, "relative_strength": -2.810333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.410443, "energy": 24.375597, "activity_lines": [ 455.011259, 454.531387, 450.618681, 444.775219 ] }, { "date": "2024-11-01", "close": 475.665405, "volume": 996330, "typical_volume": 575063.15, "trend": 439.808883, "fair_value": 418.193035, "relative_strength": -1.614597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.002189, "energy": 44.198484, "activity_lines": [ 461.995947, 458.552068, 453.642587, 447.147236 ] }, { "date": "2024-11-08", "close": 479.864227, "volume": 1187218, "typical_volume": 609452.65, "trend": 441.475078, "fair_value": 418.246302, "relative_strength": -1.926932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.47061, "energy": 58.520391, "activity_lines": [ 469.147257, 462.57275, 456.743616, 449.731452 ] }, { "date": "2024-11-15", "close": 509.055969, "volume": 498892, "typical_volume": 552644.85, "trend": 444.16765, "fair_value": 418.245257, "relative_strength": 2.273424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.866169, "energy": 76.109939, "activity_lines": [ 484.309635, 471.535671, 462.277289, 454.091509 ] }, { "date": "2024-11-22", "close": 514.15448, "volume": 774167, "typical_volume": 555882.15, "trend": 446.976854, "fair_value": 418.313399, "relative_strength": 3.577218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.471933, "energy": 81.520801, "activity_lines": [ 497.159318, 480.518577, 467.815719, 458.606789 ] }, { "date": "2024-11-29", "close": 526.251099, "volume": 296919, "typical_volume": 550046.15, "trend": 450.389222, "fair_value": 418.717172, "relative_strength": 5.773068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.948119, "energy": 86.883107, "activity_lines": [ 510.029012, 490.919272, 474.062048, 463.721256 ] }, { "date": "2024-12-06", "close": 569.138916, "volume": 350100, "typical_volume": 527095.25, "trend": 454.714664, "fair_value": 419.329905, "relative_strength": 11.099538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.689899, "energy": 95.894637, "activity_lines": [ 532.742572, 507.516386, 484.086351, 471.382527 ] }, { "date": "2024-12-13", "close": 576.237, "volume": 533080, "typical_volume": 506977.6, "trend": 459.726581, "fair_value": 419.635906, "relative_strength": 11.788033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.871499, "energy": 93.984693, "activity_lines": [ 551.590593, 523.368274, 494.26062, 479.222677 ] }, { "date": "2024-12-20", "close": 529.950012, "volume": 639730, "typical_volume": 506165.85, "trend": 463.395541, "fair_value": 419.57603, "relative_strength": 1.486886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.245967, "energy": 83.768031, "activity_lines": [ 548.584766, 528.583155, 499.495327, 483.753221 ] }, { "date": "2024-12-27", "close": 537.547913, "volume": 293130, "typical_volume": 471185.0, "trend": 466.871225, "fair_value": 419.179326, "relative_strength": 2.269988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.280459, "energy": 67.196514, "activity_lines": [ 546.718636, 533.705346, 504.98806, 488.537245 ] }, { "date": "2025-01-03", "close": 569.338928, "volume": 776237, "typical_volume": 492400.55, "trend": 472.183056, "fair_value": 418.632898, "relative_strength": 6.784091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.013134, "energy": 61.807373, "activity_lines": [ 553.88995, 543.08815, 513.052924, 495.148065 ] }, { "date": "2025-01-10", "close": 568.139221, "volume": 637408, "typical_volume": 513269.85, "trend": 477.524877, "fair_value": 418.105037, "relative_strength": 4.877899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.152476, "energy": 54.601815, "activity_lines": [ 557.788839, 550.25521, 520.386562, 501.338785 ] }, { "date": "2025-01-17", "close": 592.432312, "volume": 729305, "typical_volume": 535725.45, "trend": 483.709792, "fair_value": 417.707925, "relative_strength": 5.883584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.389778, "energy": 58.920867, "activity_lines": [ 569.852071, 560.157852, 529.393532, 508.752168 ] }, { "date": "2025-01-24", "close": 601.229919, "volume": 316926, "typical_volume": 531973.0, "trend": 490.147972, "fair_value": 417.81358, "relative_strength": 7.533764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.18516, "energy": 60.875456, "activity_lines": [ 583.768152, 569.613368, 538.606643, 516.334112 ] }, { "date": "2025-01-31", "close": 606.728333, "volume": 582813, "typical_volume": 551999.85, "trend": 496.342885, "fair_value": 417.636193, "relative_strength": 11.318721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.802092, "energy": 59.717213, "activity_lines": [ 594.765043, 578.392705, 547.666938, 523.855425 ] }, { "date": "2025-02-07", "close": 630.021729, "volume": 1083472, "typical_volume": 595251.1, "trend": 501.947967, "fair_value": 418.024396, "relative_strength": 12.467721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.854213, "energy": 66.761091, "activity_lines": [ 608.914372, 589.724044, 558.30012, 532.479867 ] }, { "date": "2025-02-14", "close": 635.720154, "volume": 401844, "typical_volume": 602059.95, "trend": 507.849632, "fair_value": 418.612434, "relative_strength": 13.472406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.19619, "energy": 72.765009, "activity_lines": [ 620.917656, 600.204721, 568.562458, 541.110331 ] }, { "date": "2025-02-21", "close": 656.114319, "volume": 228026, "typical_volume": 594679.25, "trend": 514.231158, "fair_value": 419.88709, "relative_strength": 15.956089, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.658778, "energy": 75.901621, "activity_lines": [ 635.213599, 613.18286, 579.916861, 550.675794 ] }, { "date": "2025-02-28", "close": 627.822327, "volume": 8365967, "typical_volume": 961439.7, "trend": 520.752646, "fair_value": 420.42258, "relative_strength": 12.717427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.081863, "energy": 59.68201, "activity_lines": [ 635.833411, 619.564686, 587.61468, 558.004257 ] }, { "date": "2025-03-07", "close": 562.740784, "volume": 334897, "typical_volume": 961595.35, "trend": 524.781506, "fair_value": 420.795768, "relative_strength": 1.219637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.445644, "energy": 43.073472, "activity_lines": [ 612.986548, 612.334008, 588.262118, 560.713169 ] }, { "date": "2025-03-14", "close": 568.339172, "volume": 525186, "typical_volume": 977582.35, "trend": 529.066961, "fair_value": 421.220213, "relative_strength": 0.48452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.20241, "energy": 26.439352, "activity_lines": [ 594.938318, 605.663166, 588.924786, 563.523341 ] }, { "date": "2025-03-21", "close": 561.541138, "volume": 1818312, "typical_volume": 1018681.45, "trend": 533.329089, "fair_value": 421.118205, "relative_strength": -0.21416, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.686854, "energy": 23.863079, "activity_lines": [ 578.736247, 597.774495, 588.421598, 565.618449 ] }, { "date": "2025-03-28", "close": 511.855164, "volume": 319047, "typical_volume": 975272.9, "trend": 535.065265, "fair_value": 420.925686, "relative_strength": -7.391987, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.51474, "energy": 26.305709, "activity_lines": [ 550.917452, 580.971976, 582.777481, 564.233035 ] }, { "date": "2025-04-04", "close": 509.455841, "volume": 400565, "typical_volume": 970356.55, "trend": 536.741457, "fair_value": 420.719253, "relative_strength": -7.163115, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.124826, "energy": 37.282857, "activity_lines": [ 531.91616, 565.198256, 576.752519, 562.580814 ] }, { "date": "2025-04-11", "close": 506.956543, "volume": 324382, "typical_volume": 947867.3, "trend": 537.934453, "fair_value": 420.444268, "relative_strength": -6.339632, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.938065, "energy": 42.399753, "activity_lines": [ 519.972868, 550.638737, 570.487624, 560.659206 ] }, { "date": "2025-04-18", "close": 530.349915, "volume": 155295, "typical_volume": 940786.1, "trend": 541.006917, "fair_value": 420.32821, "relative_strength": -4.796113, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.121762, "energy": 46.211679, "activity_lines": [ 519.546316, 542.146591, 566.484945, 560.169881 ] }, { "date": "2025-04-25", "close": 527.650696, "volume": 148634, "typical_volume": 930712.8, "trend": 543.356253, "fair_value": 420.552957, "relative_strength": -5.794572, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.292304, "energy": 38.376229, "activity_lines": [ 520.752641, 534.975893, 562.20568, 559.30819 ] }, { "date": "2025-05-02", "close": 533.848938, "volume": 151435, "typical_volume": 911630.55, "trend": 546.0155, "fair_value": 421.270997, "relative_strength": -5.05241, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.653434, "energy": 22.936709, "activity_lines": [ 526.28441, 530.897047, 558.714286, 558.694815 ] }, { "date": "2025-05-09", "close": 563.840454, "volume": 395526, "typical_volume": 899420.35, "trend": 549.847749, "fair_value": 422.482383, "relative_strength": -4.169259, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.876728, "energy": 9.557799, "activity_lines": [ 540.347099, 534.494211, 558.281075, 559.844812 ] }, { "date": "2025-05-16", "close": 594.531799, "volume": 104993, "typical_volume": 890013.5, "trend": 554.53309, "fair_value": 423.852712, "relative_strength": 1.203459, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.97395, "energy": 16.460898, "activity_lines": [ 561.014595, 544.834927, 560.609467, 562.727653 ] }, { "date": "2025-05-23", "close": 553.643311, "volume": 91500, "typical_volume": 855776.65, "trend": 557.672201, "fair_value": 425.047419, "relative_strength": -4.461994, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.381043, "energy": 12.963457, "activity_lines": [ 562.214246, 547.163353, 558.772364, 562.670248 ] }, { "date": "2025-05-30", "close": 548.944641, "volume": 142565, "typical_volume": 831034.5, "trend": 560.114842, "fair_value": 426.111429, "relative_strength": -8.947729, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.889823, "energy": 12.827822, "activity_lines": [ 560.294779, 548.904673, 556.562511, 562.10718 ] }, { "date": "2025-06-06", "close": 539.1474, "volume": 128890, "typical_volume": 801013.75, "trend": 562.090948, "fair_value": 427.194635, "relative_strength": -11.572034, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.777297, "energy": 17.93126, "activity_lines": [ 553.68997, 549.093704, 553.510989, 560.754442 ] }, { "date": "2025-06-13", "close": 530.749817, "volume": 208377, "typical_volume": 795586.3, "trend": 562.814076, "fair_value": 428.38737, "relative_strength": -11.566691, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.957648, "energy": 26.014401, "activity_lines": [ 543.932735, 547.259679, 549.913436, 558.732433 ] }, { "date": "2025-06-20", "close": 615.625793, "volume": 1093726, "typical_volume": 821131.95, "trend": 566.196453, "fair_value": 429.887151, "relative_strength": -2.589618, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.356016, "energy": 6.075872, "activity_lines": [ 564.673535, 560.470487, 554.734928, 562.139641 ] }, { "date": "2025-06-27", "close": 686.505737, "volume": 392199, "typical_volume": 786568.3, "trend": 571.538274, "fair_value": 431.946993, "relative_strength": 5.720683, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.666748, "energy": 54.702737, "activity_lines": [ 607.634717, 584.592752, 566.264523, 569.90153 ] }, { "date": "2025-07-04", "close": 780.579102, "volume": 1111339, "typical_volume": 822043.05, "trend": 578.58628, "fair_value": 434.54837, "relative_strength": 14.841101, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.002406, "energy": 88.906989, "activity_lines": [ 673.096191, 622.980069, 586.484514, 583.388035 ] }, { "date": "2025-07-11", "close": 746.288818, "volume": 712859, "typical_volume": 846284.7, "trend": 584.254674, "fair_value": 436.995281, "relative_strength": 8.582892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.264572, "energy": 91.063868, "activity_lines": [ 711.685274, 650.534091, 602.748959, 594.207554 ] }, { "date": "2025-07-18", "close": 679.807617, "volume": 187361, "typical_volume": 437354.4, "trend": 589.249928, "fair_value": 438.842422, "relative_strength": 0.488984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.695692, "energy": 83.764055, "activity_lines": [ 714.304529, 662.138078, 612.252458, 600.37226 ] }, { "date": "2025-07-25", "close": 659.513367, "volume": 261992, "typical_volume": 433709.15, "trend": 593.315443, "fair_value": 440.560753, "relative_strength": -3.309723, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.918618, "energy": 78.158764, "activity_lines": [ 700.221847, 667.943708, 619.575623, 604.905385 ] }, { "date": "2025-08-01", "close": 616.525574, "volume": 290878, "typical_volume": 421993.75, "trend": 594.888331, "fair_value": 442.068223, "relative_strength": -8.903062, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.359186, "energy": 39.433805, "activity_lines": [ 668.884062, 664.751892, 622.343891, 606.402813 ] }, { "date": "2025-08-08", "close": 617.92511, "volume": 1299176, "typical_volume": 396036.95, "trend": 596.547861, "fair_value": 443.168901, "relative_strength": -6.156445, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.826617, "energy": 22.651584, "activity_lines": [ 642.678133, 660.671224, 625.015989, 607.889057 ] }, { "date": "2025-08-15", "close": 612.226807, "volume": 346617, "typical_volume": 397415.45, "trend": 597.207677, "fair_value": 444.178599, "relative_strength": -7.947632, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.125678, "energy": 24.935257, "activity_lines": [ 625.41637, 654.30031, 626.876896, 608.900601 ] }, { "date": "2025-08-22", "close": 583.534912, "volume": 94958, "typical_volume": 382135.1, "trend": 596.617844, "fair_value": 445.254217, "relative_strength": -13.057876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.315866, "energy": 21.216805, "activity_lines": [ 607.528109, 641.383971, 625.527282, 608.018488 ] }, { "date": "2025-08-29", "close": 620.524414, "volume": 101275, "typical_volume": 370979.75, "trend": 597.077713, "fair_value": 446.718134, "relative_strength": -9.618285, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.057402, "energy": 20.377843, "activity_lines": [ 608.387862, 634.233268, 627.347719, 609.560847 ] }, { "date": "2025-09-05", "close": 597.031067, "volume": 111393, "typical_volume": 368784.65, "trend": 595.978024, "fair_value": 448.186483, "relative_strength": -12.1391, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.739166, "energy": 13.64904, "activity_lines": [ 604.015763, 622.721981, 626.389896, 609.557837 ] }, { "date": "2025-09-12", "close": 579.33606, "volume": 99454, "typical_volume": 366325.65, "trend": 594.098555, "fair_value": 449.529872, "relative_strength": -15.697089, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.095936, "energy": 12.295711, "activity_lines": [ 595.044963, 609.620232, 623.429305, 608.484162 ] }, { "date": "2025-09-19", "close": 517.553589, "volume": 157152, "typical_volume": 366611.5, "trend": 589.479864, "fair_value": 450.427891, "relative_strength": -22.589271, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.134644, "energy": 35.579588, "activity_lines": [ 568.052608, 588.944271, 614.338548, 603.545777 ] }, { "date": "2025-09-26", "close": 521.252502, "volume": 27195, "typical_volume": 348194.95, "trend": 585.927536, "fair_value": 451.412402, "relative_strength": -22.054969, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.606364, "energy": 50.792893, "activity_lines": [ 548.604773, 573.099662, 605.677665, 599.144012 ] }, { "date": "2025-10-03", "close": 619.024841, "volume": 128599, "typical_volume": 349375.25, "trend": 587.803671, "fair_value": 453.114627, "relative_strength": -12.020275, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.997369, "energy": 33.289431, "activity_lines": [ 565.899878, 577.914662, 606.531234, 601.279322 ] }, { "date": "2025-10-10", "close": 644.817566, "volume": 62870, "typical_volume": 347943.75, "trend": 590.352951, "fair_value": 455.005893, "relative_strength": -10.341077, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.811326, "energy": 12.077104, "activity_lines": [ 591.892529, 588.155403, 609.724619, 604.957638 ] }, { "date": "2025-10-17", "close": 717.497009, "volume": 150019, "typical_volume": 348316.45, "trend": 595.55148, "fair_value": 457.520006, "relative_strength": 1.672176, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 58.19603, "energy": 36.206497, "activity_lines": [ 638.925895, 611.096189, 619.405692, 613.16048 ] }, { "date": "2025-10-24", "close": 648.816406, "volume": 107250, "typical_volume": 347234.45, "trend": 600.116855, "fair_value": 459.614359, "relative_strength": -7.637011, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.237, "energy": 36.622453, "activity_lines": [ 653.854997, 619.739194, 621.743126, 616.596927 ] }, { "date": "2025-10-31", "close": 703.900818, "volume": 95694, "typical_volume": 341600.3, "trend": 606.598354, "fair_value": 461.983661, "relative_strength": -2.064001, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.508599, "energy": 59.264572, "activity_lines": [ 678.394714, 637.732282, 628.80446, 623.292667 ] }, { "date": "2025-11-07", "close": 639.81897, "volume": 199225, "typical_volume": 296875.25, "trend": 611.027102, "fair_value": 463.855697, "relative_strength": -12.468421, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.661861, "energy": 55.378577, "activity_lines": [ 669.397262, 641.885653, 628.938233, 625.435932 ] }, { "date": "2025-11-14", "close": 706.100159, "volume": 51936, "typical_volume": 279862.1, "trend": 616.885443, "fair_value": 466.037302, "relative_strength": -6.009937, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.647179, "energy": 53.170215, "activity_lines": [ 681.107263, 657.73934, 635.269294, 631.569678 ] }, { "date": "2025-11-21", "close": 610.427246, "volume": 125035, "typical_volume": 230546.9, "trend": 619.644661, "fair_value": 467.673524, "relative_strength": -16.597648, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.542845, "energy": 23.804747, "activity_lines": [ 656.840788, 654.214877, 632.395343, 631.15302 ] }, { "date": "2025-11-28", "close": 618.325012, "volume": 63833, "typical_volume": 198095.6, "trend": 622.460531, "fair_value": 469.408419, "relative_strength": -15.926789, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.997528, "energy": 12.933405, "activity_lines": [ 642.344885, 651.561077, 631.083807, 631.067881 ] }, { "date": "2025-12-05", "close": 638.719299, "volume": 79379, "typical_volume": 192696.5, "trend": 624.956492, "fair_value": 471.215751, "relative_strength": -15.549736, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.204259, "energy": 14.032572, "activity_lines": [ 636.679838, 650.783122, 632.323935, 632.116834 ] }, { "date": "2025-12-12", "close": 619.924561, "volume": 51651, "typical_volume": 182179.45, "trend": 625.802917, "fair_value": 472.90965, "relative_strength": -20.31997, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.052623, "energy": 15.668944, "activity_lines": [ 629.095313, 644.452182, 631.969747, 631.792194 ] }, { "date": "2025-12-19", "close": 585.734253, "volume": 150091, "typical_volume": 175140.1, "trend": 626.872616, "fair_value": 474.588739, "relative_strength": -24.89513, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.444467, "energy": 16.907202, "activity_lines": [ 611.440312, 631.888463, 628.547857, 629.207118 ] }, { "date": "2025-12-26", "close": 568.539124, "volume": 154424, "typical_volume": 117902.5, "trend": 627.525765, "fair_value": 476.108915, "relative_strength": -25.462134, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.040203, "energy": 40.315663, "activity_lines": [ 596.077995, 617.2726, 623.634961, 625.443667 ] }, { "date": "2026-01-02", "close": 606.428406, "volume": 340298, "typical_volume": 117586.55, "trend": 629.768465, "fair_value": 477.761144, "relative_strength": -21.963752, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.436976, "energy": 39.012233, "activity_lines": [ 596.13798, 612.254022, 622.56574, 624.082547 ] }, { "date": "2026-01-09", "close": 656.414246, "volume": 197226, "typical_volume": 122699.95, "trend": 633.95728, "fair_value": 479.622327, "relative_strength": -18.629859, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.182419, "energy": 16.108766, "activity_lines": [ 613.65302, 617.094469, 626.284686, 625.80163 ] }, { "date": "2026-01-16", "close": 655.614502, "volume": 303829, "typical_volume": 132827.65, "trend": 635.290236, "fair_value": 481.44443, "relative_strength": -20.556496, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -11.548801, "energy": 5.637346, "activity_lines": [ 629.721814, 622.652901, 629.580422, 627.19887 ] }, { "date": "2026-01-23", "close": 630.22168, "volume": 231386, "typical_volume": 138827.3, "trend": 633.414101, "fair_value": 483.267758, "relative_strength": -23.342713, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.648352, "energy": 7.532105, "activity_lines": [ 634.947005, 623.307265, 630.290698, 626.871867 ] }, { "date": "2026-01-30", "close": 603.129333, "volume": 144939, "typical_volume": 141101.55, "trend": 627.499109, "fair_value": 484.925745, "relative_strength": -26.282586, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.828158, "energy": 6.912878, "activity_lines": [ 628.175586, 620.415355, 628.2627, 624.918011 ] }, { "date": "2026-02-06", "close": 548.844727, "volume": 1205582, "typical_volume": 193523.05, "trend": 620.917639, "fair_value": 486.224863, "relative_strength": -32.985641, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.696021, "energy": 19.850823, "activity_lines": [ 601.003284, 607.786207, 620.951438, 619.843534 ] }, { "date": "2026-02-13", "close": 557.842163, "volume": 234948, "typical_volume": 203910.7, "trend": 616.852124, "fair_value": 487.588704, "relative_strength": -33.051976, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.715192, "energy": 47.681225, "activity_lines": [ 580.669039, 598.056235, 614.348069, 615.774149 ] }, { "date": "2026-02-20", "close": 555.142883, "volume": 212424, "typical_volume": 208101.95, "trend": 613.373108, "fair_value": 489.001226, "relative_strength": -33.52002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.494393, "energy": 57.140912, "activity_lines": [ 566.006506, 589.305977, 607.31339, 611.792907 ] }, { "date": "2026-02-27", "close": 513.154785, "volume": 139825, "typical_volume": 211949.7, "trend": 609.927415, "fair_value": 490.221469, "relative_strength": -36.195963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.19013, "energy": 67.636545, "activity_lines": [ 544.046049, 574.099369, 596.584044, 605.327209 ] }, { "date": "2026-03-06", "close": 614.82605, "volume": 311173, "typical_volume": 220007.4, "trend": 609.824113, "fair_value": 491.985826, "relative_strength": -26.933396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.856906, "energy": 43.851031, "activity_lines": [ 563.780473, 578.698071, 596.164641, 605.64325 ] }, { "date": "2026-03-13", "close": 567.93927, "volume": 80551, "typical_volume": 218672.45, "trend": 608.347862, "fair_value": 493.589922, "relative_strength": -28.972568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.54065, "energy": 28.785374, "activity_lines": [ 567.106189, 573.930324, 591.76874, 602.941002 ] }, { "date": "2026-03-20", "close": 580.135803, "volume": 315682, "typical_volume": 229671.85, "trend": 608.234558, "fair_value": 495.034531, "relative_strength": -29.098294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.667918, "energy": 20.135371, "activity_lines": [ 573.224447, 572.079932, 588.919543, 601.120869 ] }, { "date": "2026-03-27", "close": 540.099976, "volume": 53641, "typical_volume": 222392.65, "trend": 605.553744, "fair_value": 496.282078, "relative_strength": -30.00931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.083483, "energy": 19.844134, "activity_lines": [ 564.511186, 564.337178, 582.846767, 596.72509 ] }, { "date": "2026-04-03", "close": 571.200012, "volume": 51162, "typical_volume": 222353.95, "trend": 604.692708, "fair_value": 497.740515, "relative_strength": -27.020159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.912427, "energy": 19.307004, "activity_lines": [ 567.167464, 564.349241, 580.210752, 594.50872 ] }, { "date": "2026-04-10", "close": 565.099976, "volume": 53114, "typical_volume": 218757.9, "trend": 604.218172, "fair_value": 499.210458, "relative_strength": -31.342392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.935877, "energy": 22.491278, "activity_lines": [ 563.920715, 564.325327, 577.636162, 591.95435 ] }, { "date": "2026-04-17", "close": 589.900024, "volume": 119884, "typical_volume": 221560.45, "trend": 606.62972, "fair_value": 500.845782, "relative_strength": -27.130948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.503253, "energy": 17.682158, "activity_lines": [ 572.255721, 569.501956, 577.639326, 591.030599 ] }, { "date": "2026-04-24", "close": 600.599976, "volume": 63854, "typical_volume": 220784.2, "trend": 609.274636, "fair_value": 502.402353, "relative_strength": -24.487699, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.649107, "energy": 12.648416, "activity_lines": [ 582.693327, 575.877571, 578.79689, 590.641583 ] }, { "date": "2026-05-01", "close": 631.0, "volume": 376238, "typical_volume": 237013.55, "trend": 609.673808, "fair_value": 504.152514, "relative_strength": -21.210635, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.454845, "energy": 9.48176, "activity_lines": [ 601.899996, 587.003048, 583.031215, 592.043219 ] }, { "date": "2026-05-08", "close": 708.5, "volume": 1135451, "typical_volume": 286281.55, "trend": 611.796556, "fair_value": 506.36872, "relative_strength": -12.757493, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.639753, "energy": 44.047445, "activity_lines": [ 640.879997, 610.840214, 594.593752, 598.419103 ] }, { "date": "2026-05-15", "close": 622.299988, "volume": 290816, "typical_volume": 293101.15, "trend": 608.623322, "fair_value": 507.953566, "relative_strength": -20.375997, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.124607, "energy": 34.664009, "activity_lines": [ 641.973328, 615.45292, 597.362166, 599.096744 ] }, { "date": "2026-05-22", "close": 589.299988, "volume": 176151, "typical_volume": 284893.8, "trend": 606.639441, "fair_value": 509.460122, "relative_strength": -24.106185, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 10.060735, "energy": 22.740239, "activity_lines": [ 628.253325, 613.929735, 596.731718, 597.850077 ] }, { "date": "2026-05-29", "close": 598.700012, "volume": 262249, "typical_volume": 288144.95, "trend": 603.132747, "fair_value": 510.996185, "relative_strength": -23.40396, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.344992, "energy": 11.116447, "activity_lines": [ 617.706665, 613.727269, 597.078074, 597.337856 ] }, { "date": "2026-06-05", "close": 6.003, "volume": 6785, "typical_volume": 273292.75, "trend": 582.005548, "fair_value": 508.381847, "relative_strength": -99.180572, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.131484, "energy": 78.463215, "activity_lines": [ 409.720999, 505.424179, 541.251926, 558.813356 ] }, { "date": "2026-06-12", "close": 5.995, "volume": 12552, "typical_volume": 262351.05, "trend": 558.66871, "fair_value": 505.711083, "relative_strength": -99.177912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.942305, "energy": 96.469365, "activity_lines": [ 243.399133, 406.830489, 488.518404, 521.651385 ] }, { "date": "2026-06-19", "close": 5.758, "volume": 7276, "typical_volume": 255467.9, "trend": 538.513068, "fair_value": 503.0798, "relative_strength": -99.151455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.301403, "energy": 95.77512, "activity_lines": [ 123.831934, 318.470162, 438.734818, 485.979726 ] }, { "date": "2026-06-26", "close": 5.763, "volume": 0, "typical_volume": 195188.8, "trend": 518.094335, "fair_value": 500.604861, "relative_strength": -99.101518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.754024, "energy": 92.191508, "activity_lines": [ 45.369201, 240.280599, 391.796334, 451.608754 ] }, { "date": "2026-07-03", "close": 6.009, "volume": 6244, "typical_volume": 183753.6, "trend": 497.003991, "fair_value": 498.065514, "relative_strength": -99.055658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.291846, "energy": 88.489132, "activity_lines": [ 5.890933, 172.756436, 347.467382, 418.570991 ] }, { "date": "2026-07-10", "close": 5.686, "volume": 232411, "typical_volume": 184752.95, "trend": 476.529373, "fair_value": 495.548441, "relative_strength": -99.062977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.594154, "energy": 88.770934, "activity_lines": [ 5.817733, 115.984291, 305.735445, 386.873056 ] }, { "date": "2026-07-17", "close": 5.35, "volume": 249143, "typical_volume": 190218.85, "trend": 457.183231, "fair_value": 492.837667, "relative_strength": -99.110767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.50926, "energy": 86.525769, "activity_lines": [ 5.653667, 70.5204, 266.58797, 356.474386 ] }, { "date": "2026-07-24", "close": 5.114, "volume": 104203, "typical_volume": 179870.35, "trend": 438.402393, "fair_value": 490.339349, "relative_strength": -99.148143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.255737, "energy": 67.847044, "activity_lines": [ 5.453933, 37.798146, 229.836136, 327.30863 ] }, { "date": "2026-07-31", "close": 5.077, "volume": 196535, "typical_volume": 185669.55, "trend": 418.357346, "fair_value": 487.860653, "relative_strength": -99.108506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.933528, "energy": 67.132276, "activity_lines": [ 5.2848, 16.290727, 195.984169, 299.352153 ] }, { "date": "2026-08-07", "close": 4.529, "volume": 618839, "typical_volume": 200827.4, "trend": 396.627838, "fair_value": 485.263772, "relative_strength": -99.184518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.882293, "energy": 66.816861, "activity_lines": [ 4.978733, 5.305909, 164.760309, 272.65355 ] } ], "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." } } }