{ "ticker": { "uuid": "592fc036-50f7-474d-908e-78da119ee082", "symbol": "GPN", "name": "Global Payments Inc.", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 82.842, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 81.141, "architecture_energy": 88.402, "architecture_maturity": 19.401, "architecture_confidence": 63.742, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 17.2, "rotation_up": 85.02, "upward_expansion": 98.5, "deceleration": 39.05, "rotation_down": 8.5, "downward_expansion": 20.5 }, "activity_lines": [ 72.199999, 68.980726, 65.192165, 63.73867 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 74.599998, "trend_reference": 62.55668, "distance_from_trend": 0.192518, "trend_direction": "Weakening", "fair_value": 86.386092, "distance_from_fair_value": -0.136435, "fair_value_direction": "Improving", "relative_strength": -8.409049, "relative_strength_direction": "Improving", "price_momentum": 0.219937, "excess_performance": 0.04569, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.192518, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.004334, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.136435, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.198297, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.08409, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.170141, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.219937, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.253125, "read": "Demand-led" } ], "volume": { "latest": 486, "relative_activity": 7.048586, "balance": 2.253125, "dry_up": 2.614213, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.058075, "annualized_volatility": 0.477021, "from_high_reference": -0.041131, "from_low_reference": 0.367576 }, "levels": { "trend_reference": 62.55668, "fair_value_reference": 86.386092, "structural_low": 54.549084, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.001271, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.024123, "regime_survival": 0.5, "best_return": 0.060449, "worst_return": -0.15834, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.079874, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.179087, "regime_survival": 0.0, "best_return": 0.069538, "worst_return": -0.149382, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.220767, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.382338, "regime_survival": 0.25, "best_return": 0.115517, "worst_return": -0.326192, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.258814, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.536585, "regime_survival": 0.0, "best_return": -0.113175, "worst_return": -0.404452, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-08", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": -0.009552, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-07", "tenure": "Developing", "return": -0.116064, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.081661, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-08-08", "tenure": "Established", "return": -0.019924, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-09-12", "tenure": "Developing", "return": -0.014916, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.025634, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": -0.025984, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-11-07", "tenure": "New", "return": -0.135607, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": 0.075821, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.053744, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-06-26", "tenure": "Established", "return": -0.048222, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": 0.017241, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.019126, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 111.056786, "volume": 0, "typical_volume": 0.0, "trend": 96.118383, "fair_value": 110.500346, "relative_strength": 12.436153, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.783948, "energy": 94.179655, "activity_lines": [ 108.136623, 102.534155, 97.529834, 96.283456 ] }, { "date": "2023-08-25", "close": 108.537178, "volume": 0, "typical_volume": 0.0, "trend": 96.406069, "fair_value": 110.482659, "relative_strength": 10.941227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.428857, "energy": 88.657123, "activity_lines": [ 109.221995, 104.431794, 98.799094, 97.084669 ] }, { "date": "2023-09-01", "close": 115.902191, "volume": 0, "typical_volume": 0.0, "trend": 96.889455, "fair_value": 110.531048, "relative_strength": 16.165585, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.773045, "energy": 94.813153, "activity_lines": [ 112.03879, 107.312608, 100.691085, 98.342483 ] }, { "date": "2023-09-08", "close": 115.126938, "volume": 0, "typical_volume": 0.0, "trend": 97.189565, "fair_value": 110.57172, "relative_strength": 16.817307, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.291443, "energy": 90.850129, "activity_lines": [ 113.292138, 109.543259, 102.408359, 99.519095 ] }, { "date": "2023-09-15", "close": 114.792046, "volume": 0, "typical_volume": 0.0, "trend": 97.526706, "fair_value": 110.60874, "relative_strength": 15.535614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.287959, "energy": 80.706981, "activity_lines": [ 114.02038, 111.200289, 104.005291, 100.654739 ] }, { "date": "2023-09-22", "close": 109.159264, "volume": 0, "typical_volume": 0.0, "trend": 97.767657, "fair_value": 110.596136, "relative_strength": 11.115158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.767241, "energy": 65.130087, "activity_lines": [ 112.712459, 111.460442, 104.974772, 101.405226 ] }, { "date": "2023-09-29", "close": 107.02269, "volume": 0, "typical_volume": 0.0, "trend": 97.937388, "fair_value": 110.56533, "relative_strength": 9.074883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.160599, "energy": 51.894171, "activity_lines": [ 110.818847, 111.102332, 105.654507, 102.002325 ] }, { "date": "2023-10-06", "close": 105.080368, "volume": 0, "typical_volume": 0.0, "trend": 98.337646, "fair_value": 110.51845, "relative_strength": 9.164191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.670458, "energy": 35.953184, "activity_lines": [ 108.378761, 110.221269, 106.074091, 102.463163 ] }, { "date": "2023-10-13", "close": 105.274597, "volume": 0, "typical_volume": 0.0, "trend": 98.84615, "fair_value": 110.474011, "relative_strength": 8.842237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.596499, "energy": 34.188431, "activity_lines": [ 106.724873, 109.216363, 106.447173, 102.910708 ] }, { "date": "2023-10-20", "close": 102.361076, "volume": 0, "typical_volume": 0.0, "trend": 99.356764, "fair_value": 110.405835, "relative_strength": 10.171712, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.048221, "energy": 30.251962, "activity_lines": [ 104.756634, 107.748094, 106.469029, 103.137477 ] }, { "date": "2023-10-27", "close": 95.271561, "volume": 0, "typical_volume": 0.0, "trend": 99.42423, "fair_value": 110.279716, "relative_strength": 3.525925, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -20.840879, "energy": 34.125944, "activity_lines": [ 101.253955, 105.173594, 105.75812, 102.873916 ] }, { "date": "2023-11-03", "close": 102.943794, "volume": 0, "typical_volume": 0.0, "trend": 99.788674, "fair_value": 110.219089, "relative_strength": 5.876581, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.388345, "energy": 27.039628, "activity_lines": [ 101.234534, 104.281049, 105.755008, 103.100985 ] }, { "date": "2023-11-10", "close": 98.476418, "volume": 0, "typical_volume": 0.0, "trend": 99.914, "fair_value": 110.122837, "relative_strength": 0.697331, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.290703, "energy": 34.737335, "activity_lines": [ 99.997913, 102.677952, 105.259849, 103.016323 ] }, { "date": "2023-11-17", "close": 99.447594, "volume": 0, "typical_volume": 0.0, "trend": 100.010487, "fair_value": 110.036047, "relative_strength": -0.626627, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.021431, "energy": 43.490414, "activity_lines": [ 99.525281, 101.568264, 104.806799, 102.986232 ] }, { "date": "2023-11-24", "close": 100.030296, "volume": 0, "typical_volume": 0.0, "trend": 100.155392, "fair_value": 109.955355, "relative_strength": 0.457502, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.84184, "energy": 34.940324, "activity_lines": [ 99.635351, 100.849602, 104.349622, 102.98751 ] }, { "date": "2023-12-01", "close": 106.439987, "volume": 0, "typical_volume": 0.0, "trend": 100.668593, "fair_value": 109.927232, "relative_strength": 4.679382, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 24.614726, "energy": 19.841981, "activity_lines": [ 102.037369, 101.564733, 104.475564, 103.392968 ] }, { "date": "2023-12-08", "close": 107.799629, "volume": 0, "typical_volume": 0.0, "trend": 101.220672, "fair_value": 109.910346, "relative_strength": 5.584665, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 42.905488, "energy": 26.968428, "activity_lines": [ 104.148039, 102.576513, 104.68376, 103.853035 ] }, { "date": "2023-12-15", "close": 116.792717, "volume": 0, "typical_volume": 0.0, "trend": 102.066078, "fair_value": 109.964538, "relative_strength": 12.233481, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 69.462574, "energy": 50.547176, "activity_lines": [ 108.932683, 105.209274, 105.700269, 104.857683 ] }, { "date": "2023-12-22", "close": 112.510315, "volume": 0, "typical_volume": 0.0, "trend": 102.823505, "fair_value": 109.984427, "relative_strength": 6.610838, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.043052, "energy": 57.140372, "activity_lines": [ 111.068773, 106.850464, 106.211473, 105.531505 ] }, { "date": "2023-12-29", "close": 112.704979, "volume": 0, "typical_volume": 0.0, "trend": 103.571312, "fair_value": 110.005517, "relative_strength": 5.666968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.892648, "energy": 74.020194, "activity_lines": [ 112.398903, 108.39549, 106.724143, 106.169019 ] }, { "date": "2024-01-05", "close": 113.288933, "volume": 0, "typical_volume": 0.0, "trend": 104.332141, "fair_value": 110.030774, "relative_strength": 6.108976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.820365, "energy": 77.541386, "activity_lines": [ 113.078706, 109.858618, 107.291039, 106.795962 ] }, { "date": "2024-01-12", "close": 116.208755, "volume": 0, "typical_volume": 0.0, "trend": 105.240375, "fair_value": 110.077934, "relative_strength": 9.511899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.128238, "energy": 74.985799, "activity_lines": [ 114.275186, 111.525034, 108.125385, 107.562196 ] }, { "date": "2024-01-19", "close": 114.456863, "volume": 0, "typical_volume": 0.0, "trend": 106.125746, "fair_value": 110.111108, "relative_strength": 9.3102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.819867, "energy": 60.716458, "activity_lines": [ 114.327094, 112.631743, 108.756352, 108.156808 ] }, { "date": "2024-01-26", "close": 119.517883, "volume": 0, "typical_volume": 0.0, "trend": 107.21212, "fair_value": 110.181835, "relative_strength": 10.134983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.479048, "energy": 74.126124, "activity_lines": [ 116.221732, 114.368084, 109.876204, 109.020816 ] }, { "date": "2024-02-02", "close": 123.216316, "volume": 0, "typical_volume": 0.0, "trend": 108.176275, "fair_value": 110.279107, "relative_strength": 13.627172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.040123, "energy": 90.763075, "activity_lines": [ 118.88201, 116.411954, 111.327378, 110.053345 ] }, { "date": "2024-02-09", "close": 122.243042, "volume": 0, "typical_volume": 0.0, "trend": 109.033691, "fair_value": 110.367729, "relative_strength": 15.084219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.862566, "energy": 89.968638, "activity_lines": [ 120.517107, 117.8573, 112.645743, 110.960879 ] }, { "date": "2024-02-16", "close": 123.021675, "volume": 0, "typical_volume": 0.0, "trend": 109.878298, "fair_value": 110.460773, "relative_strength": 13.76643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.258697, "energy": 89.932357, "activity_lines": [ 121.814808, 119.156887, 113.975961, 111.863329 ] }, { "date": "2024-02-23", "close": 121.075119, "volume": 0, "typical_volume": 0.0, "trend": 110.703244, "fair_value": 110.53825, "relative_strength": 12.263364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.926519, "energy": 81.995734, "activity_lines": [ 122.009462, 119.825791, 115.044607, 112.585705 ] }, { "date": "2024-03-01", "close": 116.987373, "volume": 0, "typical_volume": 0.0, "trend": 110.971996, "fair_value": 110.584983, "relative_strength": 8.293041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.050083, "energy": 55.514724, "activity_lines": [ 120.400318, 119.673607, 115.647778, 112.991132 ] }, { "date": "2024-03-08", "close": 115.624786, "volume": 0, "typical_volume": 0.0, "trend": 111.079039, "fair_value": 110.62124, "relative_strength": 6.570734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.333237, "energy": 38.006354, "activity_lines": [ 118.505678, 119.192278, 116.065403, 113.291312 ] }, { "date": "2024-03-15", "close": 117.031349, "volume": 0, "typical_volume": 0.0, "trend": 111.278191, "fair_value": 110.667027, "relative_strength": 6.516841, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.71809, "energy": 26.779924, "activity_lines": [ 117.585995, 118.913601, 116.553827, 113.675332 ] }, { "date": "2024-03-22", "close": 122.102715, "volume": 0, "typical_volume": 0.0, "trend": 111.730376, "fair_value": 110.748131, "relative_strength": 7.903491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.918912, "energy": 33.153101, "activity_lines": [ 118.704213, 119.488946, 117.42162, 114.373689 ] }, { "date": "2024-03-29", "close": 120.542313, "volume": 0, "typical_volume": 0.0, "trend": 111.885046, "fair_value": 110.817104, "relative_strength": 5.113278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.311568, "energy": 33.43437, "activity_lines": [ 119.363561, 119.673419, 118.04957, 114.942201 ] }, { "date": "2024-04-05", "close": 113.520432, "volume": 0, "typical_volume": 0.0, "trend": 111.831496, "fair_value": 110.836008, "relative_strength": -2.041604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.050019, "energy": 20.12491, "activity_lines": [ 117.717803, 118.470541, 117.903693, 115.04771 ] }, { "date": "2024-04-12", "close": 113.764236, "volume": 0, "typical_volume": 0.0, "trend": 111.797236, "fair_value": 110.856343, "relative_strength": -1.676202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.110485, "energy": 9.535004, "activity_lines": [ 116.384442, 117.421037, 117.714023, 115.172402 ] }, { "date": "2024-04-19", "close": 113.179077, "volume": 0, "typical_volume": 0.0, "trend": 111.93123, "fair_value": 110.872362, "relative_strength": -1.824068, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.869822, "energy": 15.492536, "activity_lines": [ 114.980064, 116.436995, 117.403224, 115.261553 ] }, { "date": "2024-04-26", "close": 114.544441, "volume": 0, "typical_volume": 0.0, "trend": 112.181955, "fair_value": 110.897513, "relative_strength": -1.126121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.391899, "energy": 22.560096, "activity_lines": [ 114.287627, 115.866002, 117.190368, 115.430148 ] }, { "date": "2024-05-03", "close": 100.11058, "volume": 0, "typical_volume": 0.0, "trend": 112.016295, "fair_value": 110.824133, "relative_strength": -14.590847, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -51.583566, "energy": 64.788833, "activity_lines": [ 109.287787, 112.824801, 115.570741, 114.651349 ] }, { "date": "2024-05-10", "close": 100.549446, "volume": 0, "typical_volume": 0.0, "trend": 111.85879, "fair_value": 110.754709, "relative_strength": -16.369598, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.44926, "energy": 75.097003, "activity_lines": [ 105.796351, 110.244567, 114.072349, 113.911553 ] }, { "date": "2024-05-17", "close": 97.721184, "volume": 0, "typical_volume": 0.0, "trend": 111.704127, "fair_value": 110.667236, "relative_strength": -19.972282, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.243566, "energy": 84.909157, "activity_lines": [ 102.226894, 107.448976, 112.361556, 112.999449 ] }, { "date": "2024-05-24", "close": 92.727844, "volume": 0, "typical_volume": 0.0, "trend": 111.619336, "fair_value": 110.54764, "relative_strength": -23.799199, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -63.158735, "energy": 86.765535, "activity_lines": [ 98.062526, 104.071024, 110.246557, 111.775173 ] }, { "date": "2024-05-31", "close": 89.509491, "volume": 11, "typical_volume": 0.55, "trend": 111.171526, "fair_value": 110.408315, "relative_strength": -25.072784, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.75203, "energy": 95.778144, "activity_lines": [ 94.18879, 100.5498, 107.922959, 110.348731 ] }, { "date": "2024-06-07", "close": 89.138885, "volume": 84, "typical_volume": 4.75, "trend": 110.860275, "fair_value": 110.268384, "relative_strength": -24.587061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.793033, "energy": 93.661831, "activity_lines": [ 91.860516, 97.553796, 105.691205, 108.92727 ] }, { "date": "2024-06-14", "close": 84.908836, "volume": 0, "typical_volume": 4.75, "trend": 110.37565, "fair_value": 110.102635, "relative_strength": -25.467254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.880381, "energy": 95.519323, "activity_lines": [ 88.853671, 94.359664, 103.17715, 107.252984 ] }, { "date": "2024-06-21", "close": 85.886818, "volume": 0, "typical_volume": 4.75, "trend": 109.904201, "fair_value": 109.94539, "relative_strength": -25.593305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.091446, "energy": 91.588827, "activity_lines": [ 87.215528, 91.863558, 100.921042, 105.673059 ] }, { "date": "2024-06-28", "close": 86.923485, "volume": 0, "typical_volume": 4.75, "trend": 109.253651, "fair_value": 109.796861, "relative_strength": -24.912084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.470022, "energy": 86.754548, "activity_lines": [ 86.711898, 90.062799, 98.941423, 104.190433 ] }, { "date": "2024-07-05", "close": 86.649651, "volume": 0, "typical_volume": 4.75, "trend": 108.548651, "fair_value": 109.648482, "relative_strength": -26.846507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.11009, "energy": 86.473174, "activity_lines": [ 86.503947, 88.689626, 97.103913, 102.73211 ] }, { "date": "2024-07-12", "close": 88.038391, "volume": 0, "typical_volume": 4.75, "trend": 107.590174, "fair_value": 109.202976, "relative_strength": -25.324125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.2438, "energy": 66.29337, "activity_lines": [ 86.949566, 88.07613, 95.571864, 101.408867 ] }, { "date": "2024-07-19", "close": 89.505371, "volume": 0, "typical_volume": 4.75, "trend": 106.823342, "fair_value": 108.770534, "relative_strength": -23.085573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.269682, "energy": 58.8158, "activity_lines": [ 87.957544, 87.948851, 94.336846, 100.242106 ] }, { "date": "2024-07-26", "close": 90.424683, "volume": 21, "typical_volume": 5.8, "trend": 106.080666, "fair_value": 108.35771, "relative_strength": -22.041548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.935983, "energy": 53.725142, "activity_lines": [ 88.965524, 88.189521, 93.320247, 99.184128 ] }, { "date": "2024-08-02", "close": 84.69368, "volume": 10, "typical_volume": 6.3, "trend": 105.127491, "fair_value": 107.991718, "relative_strength": -23.521985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.593975, "energy": 61.076388, "activity_lines": [ 87.760645, 87.520855, 91.877839, 97.804322 ] }, { "date": "2024-08-09", "close": 92.987007, "volume": 771, "typical_volume": 44.85, "trend": 104.353432, "fair_value": 107.711829, "relative_strength": -16.351294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.571275, "energy": 42.426823, "activity_lines": [ 89.468862, 88.506142, 91.379261, 97.021065 ] }, { "date": "2024-08-16", "close": 96.918526, "volume": 0, "typical_volume": 44.85, "trend": 103.768821, "fair_value": 107.480017, "relative_strength": -13.923524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.452875, "energy": 24.424355, "activity_lines": [ 92.065096, 90.143023, 91.39376, 96.541394 ] }, { "date": "2024-08-23", "close": 96.253487, "volume": 0, "typical_volume": 44.85, "trend": 102.993341, "fair_value": 107.251262, "relative_strength": -15.491512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.231595, "energy": 20.300408, "activity_lines": [ 93.84764, 91.51754, 91.457415, 96.056534 ] }, { "date": "2024-08-30", "close": 98.141006, "volume": 0, "typical_volume": 44.85, "trend": 102.157498, "fair_value": 107.072121, "relative_strength": -14.217724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.680233, "energy": 26.143469, "activity_lines": [ 95.809483, 93.028975, 91.783058, 95.74348 ] }, { "date": "2024-09-06", "close": 95.608025, "volume": 0, "typical_volume": 44.85, "trend": 101.269664, "fair_value": 106.814521, "relative_strength": -12.419499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.039941, "energy": 25.302943, "activity_lines": [ 96.412578, 93.857065, 91.941861, 95.320933 ] }, { "date": "2024-09-13", "close": 97.971886, "volume": 0, "typical_volume": 44.85, "trend": 100.434671, "fair_value": 106.599572, "relative_strength": -10.284304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.193972, "energy": 26.119586, "activity_lines": [ 97.076003, 94.957048, 92.409465, 95.108173 ] }, { "date": "2024-09-20", "close": 97.030594, "volume": 0, "typical_volume": 44.85, "trend": 99.633187, "fair_value": 106.372478, "relative_strength": -11.022413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.806194, "energy": 20.994519, "activity_lines": [ 97.093339, 95.680028, 92.866339, 94.888555 ] }, { "date": "2024-09-27", "close": 88.794373, "volume": 0, "typical_volume": 44.85, "trend": 98.69342, "fair_value": 106.116726, "relative_strength": -18.808977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.383549, "energy": 17.158881, "activity_lines": [ 94.357797, 94.742018, 92.553478, 94.189277 ] }, { "date": "2024-10-04", "close": 88.14724, "volume": 26, "typical_volume": 46.15, "trend": 97.777502, "fair_value": 105.827493, "relative_strength": -18.051878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.3445, "energy": 27.377702, "activity_lines": [ 91.903818, 93.699275, 92.234962, 93.508878 ] }, { "date": "2024-10-11", "close": 89.304245, "volume": 0, "typical_volume": 46.15, "trend": 96.853265, "fair_value": 105.564621, "relative_strength": -16.633183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.310844, "energy": 33.355088, "activity_lines": [ 90.501759, 92.908304, 92.072227, 92.962217 ] }, { "date": "2024-10-18", "close": 91.539795, "volume": 0, "typical_volume": 45.6, "trend": 95.834501, "fair_value": 105.324633, "relative_strength": -14.372569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.702943, "energy": 33.998701, "activity_lines": [ 90.265134, 92.439969, 92.138704, 92.619412 ] }, { "date": "2024-10-25", "close": 90.265129, "volume": 0, "typical_volume": 41.4, "trend": 94.825261, "fair_value": 105.143999, "relative_strength": -14.165697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.235583, "energy": 34.011339, "activity_lines": [ 90.032428, 91.766189, 92.074117, 92.260098 ] }, { "date": "2024-11-01", "close": 95.010765, "volume": 84, "typical_volume": 45.6, "trend": 94.208273, "fair_value": 105.015784, "relative_strength": -7.931388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.458629, "energy": 12.616015, "activity_lines": [ 91.83263, 92.076223, 92.456131, 92.272066 ] }, { "date": "2024-11-08", "close": 101.482079, "volume": 20, "typical_volume": 46.6, "trend": 93.798867, "fair_value": 104.972743, "relative_strength": -2.119069, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.051005, "energy": 31.464212, "activity_lines": [ 95.375512, 93.585455, 93.406357, 92.741344 ] }, { "date": "2024-11-15", "close": 108.100471, "volume": 0, "typical_volume": 46.6, "trend": 93.62958, "fair_value": 104.98496, "relative_strength": 4.095137, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.582406, "energy": 80.037704, "activity_lines": [ 100.235535, 96.237283, 94.912643, 93.664028 ] }, { "date": "2024-11-22", "close": 110.551735, "volume": 0, "typical_volume": 46.6, "trend": 93.49649, "fair_value": 105.013502, "relative_strength": 7.116203, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.175728, "energy": 90.734159, "activity_lines": [ 104.659564, 99.107661, 96.551539, 94.75578 ] }, { "date": "2024-11-29", "close": 110.845894, "volume": 0, "typical_volume": 46.6, "trend": 93.854334, "fair_value": 105.07601, "relative_strength": 7.254944, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.887521, "energy": 92.56205, "activity_lines": [ 107.914183, 101.802798, 98.104632, 95.875096 ] }, { "date": "2024-12-06", "close": 109.375137, "volume": 0, "typical_volume": 46.6, "trend": 94.148524, "fair_value": 105.098537, "relative_strength": 4.653521, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.578515, "energy": 88.539263, "activity_lines": [ 109.306499, 103.979337, 99.409045, 96.876438 ] }, { "date": "2024-12-13", "close": 107.75576, "volume": 0, "typical_volume": 45.55, "trend": 94.48301, "fair_value": 105.100007, "relative_strength": 1.633408, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.465737, "energy": 86.315731, "activity_lines": [ 109.201398, 105.487248, 100.464614, 97.754324 ] }, { "date": "2024-12-20", "close": 105.986847, "volume": 0, "typical_volume": 45.05, "trend": 94.924976, "fair_value": 105.042982, "relative_strength": 1.823183, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.270318, "energy": 58.854919, "activity_lines": [ 108.088414, 106.31702, 101.269185, 98.496507 ] }, { "date": "2024-12-27", "close": 106.47821, "volume": 0, "typical_volume": 6.5, "trend": 95.4906, "fair_value": 104.997987, "relative_strength": 1.375789, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.456241, "energy": 54.451758, "activity_lines": [ 107.280126, 106.932811, 102.019158, 99.241877 ] }, { "date": "2025-01-03", "close": 107.067848, "volume": 0, "typical_volume": 6.5, "trend": 96.088232, "fair_value": 104.862766, "relative_strength": 1.618416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.605836, "energy": 44.162006, "activity_lines": [ 106.939952, 107.384201, 102.761042, 99.988797 ] }, { "date": "2025-01-10", "close": 101.859398, "volume": 0, "typical_volume": 6.5, "trend": 96.653251, "fair_value": 104.716511, "relative_strength": -2.935068, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.530047, "energy": 29.836118, "activity_lines": [ 105.115498, 106.583096, 102.958554, 100.36113 ] }, { "date": "2025-01-17", "close": 104.070534, "volume": 4, "typical_volume": 6.7, "trend": 97.259375, "fair_value": 104.606476, "relative_strength": -3.780648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.435929, "energy": 23.97507, "activity_lines": [ 104.529138, 106.059495, 103.339955, 100.839664 ] }, { "date": "2025-01-24", "close": 101.908539, "volume": 0, "typical_volume": 6.7, "trend": 97.758877, "fair_value": 104.471865, "relative_strength": -6.859018, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.178432, "energy": 22.378848, "activity_lines": [ 103.467795, 105.095742, 103.487216, 101.13961 ] }, { "date": "2025-01-31", "close": 107.313522, "volume": 35, "typical_volume": 8.45, "trend": 98.447673, "fair_value": 104.392112, "relative_strength": -1.872344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.659985, "energy": 23.804671, "activity_lines": [ 104.480001, 105.227293, 104.119235, 101.756039 ] }, { "date": "2025-02-07", "close": 105.200668, "volume": 9, "typical_volume": 8.9, "trend": 99.019748, "fair_value": 104.2636, "relative_strength": -3.570199, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.775501, "energy": 21.486499, "activity_lines": [ 104.732234, 105.033565, 104.505546, 102.191716 ] }, { "date": "2025-02-14", "close": 99.304314, "volume": 93, "typical_volume": 13.55, "trend": 99.34638, "fair_value": 104.167107, "relative_strength": -12.828535, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.36544, "energy": 8.028232, "activity_lines": [ 103.143495, 103.870414, 104.291394, 102.210075 ] }, { "date": "2025-02-21", "close": 98.469002, "volume": 0, "typical_volume": 12.25, "trend": 99.614524, "fair_value": 104.052398, "relative_strength": -12.120483, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.974353, "energy": 11.780656, "activity_lines": [ 101.446657, 102.738494, 103.947641, 102.15347 ] }, { "date": "2025-02-28", "close": 98.469002, "volume": 0, "typical_volume": 12.25, "trend": 100.073701, "fair_value": 103.976884, "relative_strength": -13.567557, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.882403, "energy": 26.397228, "activity_lines": [ 100.123255, 101.775423, 103.554737, 102.079566 ] }, { "date": "2025-03-07", "close": 90.037224, "volume": 8, "typical_volume": 12.65, "trend": 99.975375, "fair_value": 103.838399, "relative_strength": -22.883416, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.022847, "energy": 65.355066, "activity_lines": [ 96.218562, 99.415991, 102.315165, 101.432051 ] }, { "date": "2025-03-14", "close": 84.489304, "volume": 0, "typical_volume": 12.65, "trend": 99.561068, "fair_value": 103.638879, "relative_strength": -26.99851, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.098923, "energy": 75.869826, "activity_lines": [ 91.616316, 96.346772, 100.554374, 100.43295 ] }, { "date": "2025-03-21", "close": 88.786705, "volume": 0, "typical_volume": 8.45, "trend": 99.312175, "fair_value": 103.450642, "relative_strength": -21.811561, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.16863, "energy": 75.898785, "activity_lines": [ 89.827295, 94.469419, 99.230364, 99.737829 ] }, { "date": "2025-03-28", "close": 88.865547, "volume": 0, "typical_volume": 7.45, "trend": 99.002993, "fair_value": 103.245111, "relative_strength": -19.428743, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.289012, "energy": 74.727129, "activity_lines": [ 88.765728, 92.844085, 97.943501, 99.063853 ] }, { "date": "2025-04-04", "close": 77.58979, "volume": 0, "typical_volume": 7.45, "trend": 98.402385, "fair_value": 102.974051, "relative_strength": -21.286168, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.89034, "energy": 93.861991, "activity_lines": [ 84.585806, 89.445068, 95.642835, 97.682356 ] }, { "date": "2025-04-11", "close": 70.6903, "volume": 110, "typical_volume": 12.95, "trend": 97.492999, "fair_value": 102.623472, "relative_strength": -26.68754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.396683, "energy": 95.208865, "activity_lines": [ 79.498001, 85.233758, 92.830364, 95.89448 ] }, { "date": "2025-04-18", "close": 60.479042, "volume": 0, "typical_volume": 12.95, "trend": 96.274614, "fair_value": 102.220939, "relative_strength": -39.739745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.662612, "energy": 97.139778, "activity_lines": [ 72.296239, 79.831732, 89.235208, 93.506483 ] }, { "date": "2025-04-25", "close": 62.233479, "volume": 80, "typical_volume": 16.95, "trend": 95.389251, "fair_value": 101.797123, "relative_strength": -39.442371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.989181, "energy": 93.956072, "activity_lines": [ 67.279973, 75.561815, 86.046983, 91.31028 ] }, { "date": "2025-05-02", "close": 67.595375, "volume": 0, "typical_volume": 16.95, "trend": 94.704189, "fair_value": 101.517849, "relative_strength": -34.587806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.108851, "energy": 87.884623, "activity_lines": [ 65.82122, 72.940803, 83.5939, 89.517127 ] }, { "date": "2025-05-09", "close": 69.901779, "volume": 0, "typical_volume": 16.95, "trend": 94.05744, "fair_value": 101.241698, "relative_strength": -34.793975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.888178, "energy": 83.308986, "activity_lines": [ 66.549281, 71.300476, 81.551714, 87.916972 ] }, { "date": "2025-05-16", "close": 72.838997, "volume": 0, "typical_volume": 16.95, "trend": 93.43408, "fair_value": 101.006163, "relative_strength": -33.507983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.273617, "energy": 64.192266, "activity_lines": [ 68.768948, 70.713593, 79.961097, 86.54804 ] }, { "date": "2025-05-23", "close": 64.638458, "volume": 0, "typical_volume": 16.95, "trend": 92.579857, "fair_value": 100.670802, "relative_strength": -39.791763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.836446, "energy": 63.764966, "activity_lines": [ 68.111856, 68.948398, 77.749662, 84.690258 ] }, { "date": "2025-05-30", "close": 65.229836, "volume": 0, "typical_volume": 16.95, "trend": 91.58716, "fair_value": 100.347517, "relative_strength": -39.380787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.974578, "energy": 60.506242, "activity_lines": [ 67.374596, 67.65165, 75.796594, 82.92574 ] }, { "date": "2025-06-06", "close": 66.19577, "volume": 0, "typical_volume": 16.75, "trend": 90.41095, "fair_value": 100.082388, "relative_strength": -38.327178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.155578, "energy": 59.889225, "activity_lines": [ 66.759556, 66.958834, 74.109947, 81.287586 ] }, { "date": "2025-06-13", "close": 64.850349, "volume": 0, "typical_volume": 16.75, "trend": 88.969279, "fair_value": 99.8563, "relative_strength": -37.825217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.072493, "energy": 63.436763, "activity_lines": [ 65.78935, 66.433573, 72.47552, 79.638515 ] }, { "date": "2025-06-20", "close": 66.017578, "volume": 7, "typical_volume": 15.35, "trend": 87.484807, "fair_value": 99.593411, "relative_strength": -35.961491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.522073, "energy": 59.340957, "activity_lines": [ 65.544982, 66.352162, 71.128725, 78.15776 ] }, { "date": "2025-06-27", "close": 66.670433, "volume": 0, "typical_volume": 14.9, "trend": 86.012292, "fair_value": 99.377145, "relative_strength": -36.096177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.709346, "energy": 53.415175, "activity_lines": [ 65.972993, 66.47441, 70.040754, 76.814897 ] }, { "date": "2025-07-04", "close": 68.253105, "volume": 0, "typical_volume": 10.25, "trend": 84.641557, "fair_value": 99.126127, "relative_strength": -33.642368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.010807, "energy": 46.253321, "activity_lines": [ 66.793097, 66.771847, 69.286991, 75.669143 ] }, { "date": "2025-07-11", "close": 67.441994, "volume": 0, "typical_volume": 10.25, "trend": 83.297765, "fair_value": 98.84992, "relative_strength": -35.415427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.128636, "energy": 42.689263, "activity_lines": [ 67.14128, 66.812361, 68.603843, 74.559494 ] }, { "date": "2025-07-18", "close": 69.301636, "volume": 149, "typical_volume": 17.7, "trend": 82.074925, "fair_value": 98.572718, "relative_strength": -33.176004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.581904, "energy": 38.33893, "activity_lines": [ 68.026261, 67.19378, 68.245551, 73.656518 ] }, { "date": "2025-07-25", "close": 71.418465, "volume": 2, "typical_volume": 17.4, "trend": 80.906266, "fair_value": 98.288482, "relative_strength": -31.979233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.303817, "energy": 26.674757, "activity_lines": [ 69.3201, 67.970989, 68.227753, 72.969005 ] }, { "date": "2025-08-01", "close": 66.45282, "volume": 149, "typical_volume": 24.85, "trend": 79.552432, "fair_value": 97.940432, "relative_strength": -34.52834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.602016, "energy": 27.591864, "activity_lines": [ 68.598664, 67.871181, 67.825698, 72.036524 ] }, { "date": "2025-08-08", "close": 69.281853, "volume": 279, "typical_volume": 38.8, "trend": 78.466514, "fair_value": 97.573615, "relative_strength": -34.926097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.559119, "energy": 18.028535, "activity_lines": [ 68.834747, 68.252755, 67.778963, 71.373906 ] }, { "date": "2025-08-15", "close": 73.515526, "volume": 0, "typical_volume": 38.8, "trend": 77.448014, "fair_value": 97.233937, "relative_strength": -32.066446, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.871733, "energy": 10.178205, "activity_lines": [ 70.413471, 69.330414, 68.228315, 71.054488 ] }, { "date": "2025-08-22", "close": 75.177345, "volume": 0, "typical_volume": 38.8, "trend": 76.556974, "fair_value": 96.939969, "relative_strength": -29.027833, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.864343, "energy": 19.320371, "activity_lines": [ 72.141233, 70.577136, 68.909031, 70.907993 ] }, { "date": "2025-08-29", "close": 74.920151, "volume": 0, "typical_volume": 33.3, "trend": 75.477195, "fair_value": 96.642507, "relative_strength": -25.986697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.129476, "energy": 28.635253, "activity_lines": [ 73.391549, 71.589331, 69.57674, 70.802391 ] }, { "date": "2025-09-05", "close": 73.337471, "volume": 0, "typical_volume": 33.3, "trend": 74.415088, "fair_value": 96.302302, "relative_strength": -26.594872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.415483, "energy": 34.6922, "activity_lines": [ 73.88086, 72.151902, 70.073575, 70.664345 ] }, { "date": "2025-09-12", "close": 72.418938, "volume": 0, "typical_volume": 29.3, "trend": 73.518909, "fair_value": 95.966071, "relative_strength": -27.555436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.584332, "energy": 40.086429, "activity_lines": [ 73.605016, 72.426247, 70.421701, 70.535561 ] }, { "date": "2025-09-19", "close": 73.570343, "volume": 0, "typical_volume": 29.3, "trend": 72.688954, "fair_value": 95.72349, "relative_strength": -25.366947, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.699822, "energy": 27.940278, "activity_lines": [ 73.503835, 72.834197, 70.830982, 70.538879 ] }, { "date": "2025-09-26", "close": 71.684433, "volume": 50, "typical_volume": 31.8, "trend": 71.796135, "fair_value": 95.484534, "relative_strength": -27.090427, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.509134, "energy": 14.418688, "activity_lines": [ 72.770363, 72.787829, 71.0322, 70.474071 ] }, { "date": "2025-10-03", "close": 74.106331, "volume": 0, "typical_volume": 31.8, "trend": 71.265105, "fair_value": 95.256172, "relative_strength": -25.653372, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.407125, "energy": 16.244177, "activity_lines": [ 73.077051, 73.138483, 71.455586, 70.623116 ] }, { "date": "2025-10-10", "close": 74.820992, "volume": 0, "typical_volume": 31.8, "trend": 70.942828, "fair_value": 95.034549, "relative_strength": -22.87362, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.325253, "energy": 24.097733, "activity_lines": [ 73.676214, 73.570205, 71.941, 70.852528 ] }, { "date": "2025-10-17", "close": 72.180725, "volume": 0, "typical_volume": 31.8, "trend": 70.389295, "fair_value": 94.793227, "relative_strength": -23.489332, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.623245, "energy": 23.926807, "activity_lines": [ 73.296386, 73.36973, 72.126472, 70.932393 ] }, { "date": "2025-10-24", "close": 75.098915, "volume": 67, "typical_volume": 35.15, "trend": 69.930408, "fair_value": 94.532099, "relative_strength": -21.226458, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.893541, "energy": 38.604962, "activity_lines": [ 73.90517, 73.647128, 72.556768, 71.236239 ] }, { "date": "2025-10-31", "close": 67.475876, "volume": 0, "typical_volume": 35.15, "trend": 69.593277, "fair_value": 94.375049, "relative_strength": -30.467676, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.470614, "energy": 8.845682, "activity_lines": [ 71.871035, 72.50973, 72.218664, 71.077882 ] }, { "date": "2025-11-07", "close": 64.915009, "volume": 488, "typical_volume": 59.2, "trend": 69.400767, "fair_value": 94.172189, "relative_strength": -31.370709, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.292812, "energy": 30.424238, "activity_lines": [ 69.263849, 71.046747, 71.624165, 70.776058 ] }, { "date": "2025-11-14", "close": 64.379005, "volume": 0, "typical_volume": 59.2, "trend": 69.530766, "fair_value": 93.998368, "relative_strength": -32.205793, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.036384, "energy": 57.290516, "activity_lines": [ 67.09075, 69.66822, 70.983868, 70.452074 ] }, { "date": "2025-11-21", "close": 63.20776, "volume": 48, "typical_volume": 61.6, "trend": 69.563242, "fair_value": 93.802742, "relative_strength": -31.325182, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.064893, "energy": 67.993181, "activity_lines": [ 65.223368, 68.239621, 70.242936, 70.044138 ] }, { "date": "2025-11-28", "close": 65.312042, "volume": 0, "typical_volume": 61.6, "trend": 69.487131, "fair_value": 93.619004, "relative_strength": -30.899482, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.881532, "energy": 66.984071, "activity_lines": [ 64.655611, 67.361094, 69.726438, 69.769867 ] }, { "date": "2025-12-05", "close": 68.666977, "volume": 0, "typical_volume": 54.15, "trend": 69.445971, "fair_value": 93.483145, "relative_strength": -27.116443, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.685642, "energy": 52.193199, "activity_lines": [ 65.858623, 67.242706, 69.539599, 69.716954 ] }, { "date": "2025-12-12", "close": 69.877975, "volume": 0, "typical_volume": 54.05, "trend": 69.34727, "fair_value": 93.384509, "relative_strength": -24.906898, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.517039, "energy": 21.631275, "activity_lines": [ 67.385896, 67.399363, 69.471116, 69.744825 ] }, { "date": "2025-12-19", "close": 69.260284, "volume": 8, "typical_volume": 47.0, "trend": 69.501331, "fair_value": 93.272151, "relative_strength": -26.170115, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.24011, "energy": 10.392799, "activity_lines": [ 68.376406, 67.520591, 69.35114, 69.739213 ] }, { "date": "2025-12-26", "close": 67.845589, "volume": 0, "typical_volume": 33.05, "trend": 69.588523, "fair_value": 93.134783, "relative_strength": -26.560305, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.000951, "energy": 12.951214, "activity_lines": [ 68.569933, 67.485706, 69.083063, 69.632391 ] }, { "date": "2026-01-02", "close": 64.338745, "volume": 0, "typical_volume": 33.05, "trend": 69.526622, "fair_value": 92.93638, "relative_strength": -30.401169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.962611, "energy": 24.575913, "activity_lines": [ 67.285324, 66.892034, 68.487841, 69.293695 ] }, { "date": "2026-01-09", "close": 68.104622, "volume": 5, "typical_volume": 33.3, "trend": 69.635098, "fair_value": 92.757669, "relative_strength": -25.765741, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.621762, "energy": 21.287967, "activity_lines": [ 67.320893, 67.178706, 68.294972, 69.201953 ] }, { "date": "2026-01-16", "close": 64.199272, "volume": 0, "typical_volume": 33.3, "trend": 69.574488, "fair_value": 92.539897, "relative_strength": -29.621994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.335667, "energy": 45.098792, "activity_lines": [ 66.09217, 66.743883, 67.763844, 68.851255 ] }, { "date": "2026-01-23", "close": 63.880463, "volume": 21, "typical_volume": 34.35, "trend": 69.481489, "fair_value": 92.308961, "relative_strength": -29.375305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.585913, "energy": 55.676968, "activity_lines": [ 65.135757, 66.264107, 67.253406, 68.483899 ] }, { "date": "2026-01-30", "close": 59.05854, "volume": 0, "typical_volume": 34.35, "trend": 69.175003, "fair_value": 92.037537, "relative_strength": -34.378017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.050562, "energy": 77.731589, "activity_lines": [ 62.93069, 64.916683, 66.32877, 67.81145 ] }, { "date": "2026-02-06", "close": 61.1507, "volume": 111, "typical_volume": 39.9, "trend": 68.965293, "fair_value": 91.749249, "relative_strength": -31.440103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.691999, "energy": 78.488195, "activity_lines": [ 62.008814, 64.025092, 65.667009, 67.293753 ] }, { "date": "2026-02-13", "close": 57.504372, "volume": 0, "typical_volume": 37.4, "trend": 68.572051, "fair_value": 91.446855, "relative_strength": -33.898141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.967899, "energy": 86.349121, "activity_lines": [ 60.084032, 62.546193, 64.717119, 66.554339 ] }, { "date": "2026-02-20", "close": 68.602753, "volume": 659, "typical_volume": 70.35, "trend": 68.478194, "fair_value": 91.233214, "relative_strength": -22.445029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.196081, "energy": 43.067943, "activity_lines": [ 62.565393, 63.288138, 64.891743, 66.55632 ] }, { "date": "2026-02-27", "close": 64.617699, "volume": 0, "typical_volume": 70.35, "trend": 68.417024, "fair_value": 90.994028, "relative_strength": -24.41145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.413047, "energy": 28.202831, "activity_lines": [ 63.424838, 63.328713, 64.713044, 66.307256 ] }, { "date": "2026-03-06", "close": 66.669998, "volume": 0, "typical_volume": 70.35, "trend": 68.329962, "fair_value": 90.82478, "relative_strength": -16.786244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.595984, "energy": 16.679483, "activity_lines": [ 64.919233, 63.826845, 64.77839, 66.194544 ] }, { "date": "2026-03-13", "close": 60.599998, "volume": 255, "typical_volume": 79.75, "trend": 67.899444, "fair_value": 90.636194, "relative_strength": -21.513095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.068551, "energy": 26.325544, "activity_lines": [ 63.882864, 63.242714, 64.291882, 65.695837 ] }, { "date": "2026-03-20", "close": 59.439999, "volume": 0, "typical_volume": 79.75, "trend": 67.374866, "fair_value": 90.459254, "relative_strength": -21.03082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.919599, "energy": 32.353419, "activity_lines": [ 62.496542, 62.515652, 63.763941, 65.150066 ] }, { "date": "2026-03-27", "close": 58.380001, "volume": 0, "typical_volume": 55.35, "trend": 66.823528, "fair_value": 90.235744, "relative_strength": -22.507341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.545512, "energy": 46.463445, "activity_lines": [ 60.627846, 61.753401, 63.173313, 64.569752 ] }, { "date": "2026-04-03", "close": 55.860001, "volume": 0, "typical_volume": 55.35, "trend": 66.240945, "fair_value": 90.00401, "relative_strength": -27.372889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.537502, "energy": 70.344149, "activity_lines": [ 58.600667, 60.638774, 62.373805, 63.862428 ] }, { "date": "2026-04-10", "close": 55.743587, "volume": 0, "typical_volume": 52.95, "trend": 65.6851, "fair_value": 89.754183, "relative_strength": -31.078836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.25384, "energy": 74.010391, "activity_lines": [ 57.118529, 59.648806, 61.603776, 63.185179 ] }, { "date": "2026-04-17", "close": 60.919781, "volume": 0, "typical_volume": 52.95, "trend": 65.263415, "fair_value": 89.525765, "relative_strength": -25.965765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.553683, "energy": 61.536339, "activity_lines": [ 58.090217, 59.660237, 61.362262, 62.877739 ] }, { "date": "2026-04-24", "close": 57.336262, "volume": 0, "typical_volume": 52.95, "trend": 64.785142, "fair_value": 89.279951, "relative_strength": -27.309599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.806547, "energy": 49.195045, "activity_lines": [ 57.84608, 59.024318, 60.800376, 62.36631 ] }, { "date": "2026-05-01", "close": 60.52161, "volume": 0, "typical_volume": 52.95, "trend": 64.332318, "fair_value": 89.084295, "relative_strength": -23.16982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.486413, "energy": 32.923047, "activity_lines": [ 58.803974, 58.970609, 60.595812, 62.091243 ] }, { "date": "2026-05-08", "close": 59.128021, "volume": 338, "typical_volume": 69.45, "trend": 63.809219, "fair_value": 88.878467, "relative_strength": -25.423149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.639685, "energy": 22.221784, "activity_lines": [ 59.154565, 58.810451, 60.303079, 61.755482 ] }, { "date": "2026-05-15", "close": 58.132603, "volume": 0, "typical_volume": 69.45, "trend": 63.340949, "fair_value": 88.665018, "relative_strength": -25.693527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.178616, "energy": 26.150009, "activity_lines": [ 58.955482, 58.569119, 59.963794, 61.389249 ] }, { "date": "2026-05-22", "close": 62.910622, "volume": 0, "typical_volume": 69.45, "trend": 62.934672, "fair_value": 88.492731, "relative_strength": -20.753937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.463005, "energy": 14.328293, "activity_lines": [ 60.189804, 59.351744, 60.12581, 61.361486 ] }, { "date": "2026-05-29", "close": 64.304207, "volume": 0, "typical_volume": 69.2, "trend": 62.82895, "fair_value": 88.326278, "relative_strength": -20.695243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.834534, "energy": 13.16651, "activity_lines": [ 61.755932, 60.345736, 60.427349, 61.449843 ] }, { "date": "2026-06-05", "close": 56.539925, "volume": 8, "typical_volume": 69.6, "trend": 62.54978, "fair_value": 88.108816, "relative_strength": -28.950451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.467219, "energy": 20.682762, "activity_lines": [ 60.269436, 59.839601, 60.00753, 61.044099 ] }, { "date": "2026-06-12", "close": 58.0, "volume": 0, "typical_volume": 68.55, "trend": 62.337147, "fair_value": 87.910343, "relative_strength": -28.557527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.446006, "energy": 21.833245, "activity_lines": [ 59.535078, 59.63239, 59.763239, 60.750565 ] }, { "date": "2026-06-19", "close": 58.400002, "volume": 0, "typical_volume": 68.55, "trend": 62.176888, "fair_value": 87.721268, "relative_strength": -30.379356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.765644, "energy": 26.719244, "activity_lines": [ 59.009255, 59.458997, 59.585045, 60.496556 ] }, { "date": "2026-06-26", "close": 60.799999, "volume": 0, "typical_volume": 63.0, "trend": 62.026487, "fair_value": 87.55379, "relative_strength": -25.520643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.276069, "energy": 25.10537, "activity_lines": [ 59.265604, 59.673669, 59.638559, 60.407724 ] }, { "date": "2026-07-03", "close": 69.599998, "volume": 0, "typical_volume": 63.0, "trend": 62.057588, "fair_value": 87.39551, "relative_strength": -16.186821, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.411229, "energy": 36.552459, "activity_lines": [ 62.595994, 61.490519, 60.531838, 60.896338 ] }, { "date": "2026-07-10", "close": 66.800003, "volume": 312, "typical_volume": 45.65, "trend": 61.954989, "fair_value": 87.204993, "relative_strength": -17.961899, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.315031, "energy": 50.761166, "activity_lines": [ 64.640001, 62.575301, 61.100852, 61.2023 ] }, { "date": "2026-07-17", "close": 69.0, "volume": 0, "typical_volume": 45.65, "trend": 61.946312, "fair_value": 87.021125, "relative_strength": -13.048816, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.796008, "energy": 68.28504, "activity_lines": [ 66.733334, 63.945931, 61.887974, 61.656817 ] }, { "date": "2026-07-24", "close": 70.800003, "volume": 235, "typical_volume": 57.4, "trend": 62.044793, "fair_value": 86.857492, "relative_strength": -11.403315, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.694002, "energy": 85.015589, "activity_lines": [ 68.693335, 65.464343, 62.825657, 62.228023 ] }, { "date": "2026-07-31", "close": 73.199997, "volume": 0, "typical_volume": 44.65, "trend": 62.340168, "fair_value": 86.628487, "relative_strength": -7.917618, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.788149, "energy": 87.178347, "activity_lines": [ 70.626667, 67.188801, 63.972244, 62.947714 ] }, { "date": "2026-08-07", "close": 74.599998, "volume": 486, "typical_volume": 68.95, "trend": 62.55668, "fair_value": 86.386092, "relative_strength": -8.409049, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.141315, "energy": 88.402289, "activity_lines": [ 72.199999, 68.980726, 65.192165, 63.73867 ] } ], "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." } } }