{ "ticker": { "uuid": "5bc2a2cd-1b33-486f-93d2-559d13606ed4", "symbol": "BHARATWIRE", "name": "Bharat Wire Ropes Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 86.961, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "up", "architecture_direction": 5.851, "architecture_energy": 17.914, "architecture_maturity": 40.308, "architecture_confidence": 79.177, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 46.68, "rotation_up": 19.24, "upward_expansion": 44.35, "deceleration": 72.29, "rotation_down": 40.69, "downward_expansion": 36.01 }, "activity_lines": [ 199.390668, 203.153273, 208.775811, 203.027894 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 201.169998, "trend_reference": 194.242002, "distance_from_trend": 0.035667, "trend_direction": "Improving", "fair_value": 228.233141, "distance_from_fair_value": -0.118577, "fair_value_direction": "Weakening", "relative_strength": 7.949215, "relative_strength_direction": "Weakening", "price_momentum": 0.17602, "excess_performance": 0.219729, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.035667, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041812, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.118577, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.226541, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.079492, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.317527, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.17602, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.764876, "read": "Supply-led" } ], "volume": { "latest": 943885, "relative_activity": 0.308759, "balance": 0.764876, "dry_up": 0.258702, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.086486, "annualized_volatility": 0.517108, "from_high_reference": -0.232176, "from_low_reference": 0.359165 }, "levels": { "trend_reference": 194.242002, "fair_value_reference": 228.233141, "structural_low": 148.009995, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": -0.041427, "positive_rate": 0.416667, "directional_follow_through": 0.416667, "median_excess_return": -0.040311, "regime_survival": 0.666667, "best_return": 0.293655, "worst_return": -0.2545, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.109526, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.13103, "regime_survival": 0.0, "best_return": -0.03701, "worst_return": -0.207618, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.174914, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.176676, "regime_survival": 0.0, "best_return": 0.907837, "worst_return": -0.196341, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.654902, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.603798, "regime_survival": 0.0, "best_return": 1.450816, "worst_return": -0.51939, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-24", "end": "2024-09-06", "tenure": "Established", "return": -0.027424, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-13", "end": "2024-11-01", "tenure": "Developing", "return": -0.163712, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-04-18", "tenure": "Established", "return": -0.224252, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-06-13", "tenure": "Developing", "return": 0.122958, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": -0.032887, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.196206, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": 0.024716, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": -0.077494, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": 0.206599, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2026-03-13", "tenure": "Established", "return": -0.21243, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.044749, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.008785, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": -0.055848, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.037418, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 208.300003, "volume": 1004881, "typical_volume": 3535377.35, "trend": 156.638334, "fair_value": 82.722756, "relative_strength": 42.666196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.380551, "energy": 60.341369, "activity_lines": [ 210.769999, 203.401817, 190.119524, 176.723871 ] }, { "date": "2023-08-25", "close": 202.449997, "volume": 1211764, "typical_volume": 3493945.05, "trend": 159.688334, "fair_value": 83.828846, "relative_strength": 37.406057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.295044, "energy": 53.723567, "activity_lines": [ 208.626665, 204.563635, 192.385, 179.679462 ] }, { "date": "2023-09-01", "close": 241.199997, "volume": 5533497, "typical_volume": 3686447.6, "trend": 164.281667, "fair_value": 85.20609, "relative_strength": 59.578405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.259485, "energy": 63.806699, "activity_lines": [ 218.886665, 212.351817, 198.082142, 184.938279 ] }, { "date": "2023-09-08", "close": 269.799988, "volume": 5774329, "typical_volume": 3677591.4, "trend": 169.78, "fair_value": 86.758013, "relative_strength": 72.375612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.696752, "energy": 77.217232, "activity_lines": [ 236.546661, 224.131815, 206.064046, 191.745913 ] }, { "date": "2023-09-15", "close": 261.0, "volume": 3494182, "typical_volume": 3325452.1, "trend": 175.128333, "fair_value": 88.260577, "relative_strength": 61.192543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.610695, "energy": 83.978111, "activity_lines": [ 248.066663, 232.598179, 212.636427, 197.631074 ] }, { "date": "2023-09-22", "close": 254.300003, "volume": 1048579, "typical_volume": 3201819.1, "trend": 180.45, "fair_value": 89.739743, "relative_strength": 58.843292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.544085, "energy": 84.931417, "activity_lines": [ 253.983331, 238.455452, 218.112856, 202.738924 ] }, { "date": "2023-09-29", "close": 273.399994, "volume": 2970005, "typical_volume": 3222633.75, "trend": 186.1, "fair_value": 91.334615, "relative_strength": 68.09353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.952475, "energy": 87.474714, "activity_lines": [ 263.199997, 246.834543, 224.987141, 208.735698 ] }, { "date": "2023-10-06", "close": 264.350006, "volume": 853471, "typical_volume": 3161275.95, "trend": 191.146667, "fair_value": 92.88141, "relative_strength": 59.989087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.717585, "energy": 66.520649, "activity_lines": [ 264.67, 252.138181, 230.441665, 213.784085 ] }, { "date": "2023-10-13", "close": 285.850006, "volume": 3982092, "typical_volume": 3240766.4, "trend": 197.013334, "fair_value": 94.563141, "relative_strength": 69.234892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.459812, "energy": 67.828105, "activity_lines": [ 271.763336, 260.348182, 237.434761, 219.893978 ] }, { "date": "2023-10-20", "close": 273.399994, "volume": 1249070, "typical_volume": 2988063.3, "trend": 201.806667, "fair_value": 96.166346, "relative_strength": 61.041559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.396187, "energy": 60.106587, "activity_lines": [ 273.636667, 265.128181, 242.644285, 224.82215 ] }, { "date": "2023-10-27", "close": 240.899994, "volume": 1755429, "typical_volume": 2963002.0, "trend": 204.663333, "fair_value": 97.557692, "relative_strength": 43.703393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.149886, "energy": 47.395775, "activity_lines": [ 263.849998, 262.854544, 244.336189, 227.3443 ] }, { "date": "2023-11-03", "close": 265.899994, "volume": 1761426, "typical_volume": 2945835.1, "trend": 208.589999, "fair_value": 99.116346, "relative_strength": 54.557888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.735455, "energy": 40.729473, "activity_lines": [ 263.289996, 264.533634, 248.101665, 231.295052 ] }, { "date": "2023-11-10", "close": 286.649994, "volume": 1711823, "typical_volume": 2922575.5, "trend": 213.178333, "fair_value": 100.808013, "relative_strength": 62.025084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.485946, "energy": 46.277905, "activity_lines": [ 270.146661, 268.831815, 253.431426, 236.331181 ] }, { "date": "2023-11-17", "close": 275.200012, "volume": 988596, "typical_volume": 2858067.4, "trend": 217.358333, "fair_value": 102.403846, "relative_strength": 50.748557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.801966, "energy": 40.134019, "activity_lines": [ 271.7, 270.221818, 257.137856, 240.33258 ] }, { "date": "2023-11-24", "close": 292.75, "volume": 2964559, "typical_volume": 2879211.1, "trend": 221.621666, "fair_value": 104.106731, "relative_strength": 57.129574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.322873, "energy": 50.366259, "activity_lines": [ 279.813334, 274.704545, 262.041189, 245.196558 ] }, { "date": "2023-12-01", "close": 282.049988, "volume": 797754, "typical_volume": 2624796.25, "trend": 225.494999, "fair_value": 105.740705, "relative_strength": 45.543698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.581294, "energy": 51.467737, "activity_lines": [ 283.069997, 276.664543, 265.409998, 249.09516 ] }, { "date": "2023-12-08", "close": 325.5, "volume": 4678533, "typical_volume": 2744854.1, "trend": 231.136665, "fair_value": 107.624359, "relative_strength": 59.273986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.5748, "energy": 72.012185, "activity_lines": [ 298.066665, 286.019998, 272.535712, 255.547095 ] }, { "date": "2023-12-15", "close": 302.600006, "volume": 1248678, "typical_volume": 2417411.05, "trend": 235.974999, "fair_value": 109.358974, "relative_strength": 42.376422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.680558, "energy": 66.744255, "activity_lines": [ 301.456667, 290.264545, 276.857856, 260.157633 ] }, { "date": "2023-12-22", "close": 315.600006, "volume": 2759991, "typical_volume": 2404450.7, "trend": 241.151666, "fair_value": 111.182372, "relative_strength": 46.457673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.587687, "energy": 65.228994, "activity_lines": [ 308.116669, 296.177273, 281.973333, 265.29473 ] }, { "date": "2023-12-29", "close": 309.0, "volume": 1340348, "typical_volume": 2356450.35, "trend": 245.294999, "fair_value": 112.918269, "relative_strength": 38.644305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.803336, "energy": 53.947998, "activity_lines": [ 309.883335, 300.349092, 286.013095, 269.672042 ] }, { "date": "2024-01-05", "close": 308.850006, "volume": 1471652, "typical_volume": 2379788.9, "trend": 249.711666, "fair_value": 114.667308, "relative_strength": 36.536509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.204384, "energy": 45.749606, "activity_lines": [ 310.516671, 303.846366, 289.569286, 273.772365 ] }, { "date": "2024-01-12", "close": 395.149994, "volume": 8943981, "typical_volume": 2766399.75, "trend": 256.903333, "fair_value": 116.974038, "relative_strength": 69.380695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.236426, "energy": 69.323745, "activity_lines": [ 338.130001, 321.799092, 300.865714, 283.155483 ] }, { "date": "2024-01-19", "close": 378.049988, "volume": 2053972, "typical_volume": 2592423.5, "trend": 263.679999, "fair_value": 119.192307, "relative_strength": 60.869405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.505308, "energy": 76.863952, "activity_lines": [ 355.399996, 334.292726, 309.615951, 290.971397 ] }, { "date": "2024-01-26", "close": 360.299988, "volume": 548414, "typical_volume": 2331127.75, "trend": 269.838332, "fair_value": 121.29391, "relative_strength": 52.402886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.301108, "energy": 74.732693, "activity_lines": [ 361.723326, 341.897269, 316.024045, 297.204944 ] }, { "date": "2024-02-02", "close": 344.600006, "volume": 598092, "typical_volume": 2186323.25, "trend": 275.174998, "fair_value": 123.28173, "relative_strength": 39.993062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.62796, "energy": 71.351581, "activity_lines": [ 359.833329, 345.099998, 320.505951, 302.028278 ] }, { "date": "2024-02-09", "close": 328.950012, "volume": 630057, "typical_volume": 2165397.15, "trend": 279.406666, "fair_value": 125.171474, "relative_strength": 31.99275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.419624, "energy": 45.927334, "activity_lines": [ 350.353335, 344.514546, 323.099285, 305.497634 ] }, { "date": "2024-02-16", "close": 328.200012, "volume": 554963, "typical_volume": 2044645.05, "trend": 283.854999, "fair_value": 126.995192, "relative_strength": 28.148664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.779952, "energy": 27.976029, "activity_lines": [ 339.283339, 342.940002, 325.265715, 308.645592 ] }, { "date": "2024-02-23", "close": 328.0, "volume": 444951, "typical_volume": 2024219.05, "trend": 287.814999, "fair_value": 128.81891, "relative_strength": 25.142972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.577761, "energy": 20.422696, "activity_lines": [ 332.610006, 341.280002, 327.152144, 311.493656 ] }, { "date": "2024-03-01", "close": 316.799988, "volume": 393969, "typical_volume": 1844812.9, "trend": 290.984999, "fair_value": 130.577243, "relative_strength": 18.588168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.641741, "energy": 20.391433, "activity_lines": [ 325.54, 337.121818, 327.668809, 313.363655 ] }, { "date": "2024-03-08", "close": 305.350006, "volume": 365711, "typical_volume": 1800644.95, "trend": 294.148333, "fair_value": 132.272756, "relative_strength": 12.236088, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.343051, "energy": 17.185263, "activity_lines": [ 317.553335, 330.860001, 326.947619, 314.29043 ] }, { "date": "2024-03-15", "close": 288.0, "volume": 982221, "typical_volume": 1761984.55, "trend": 296.804999, "fair_value": 133.870833, "relative_strength": 6.987194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.895534, "energy": 14.698612, "activity_lines": [ 306.4, 321.510001, 324.421905, 313.893763 ] }, { "date": "2024-03-22", "close": 278.149994, "volume": 767560, "typical_volume": 1712291.25, "trend": 299.328333, "fair_value": 135.43141, "relative_strength": 2.190667, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.955508, "energy": 28.909818, "activity_lines": [ 294.693331, 310.748182, 320.733809, 312.690215 ] }, { "date": "2024-03-29", "close": 275.200012, "volume": 483229, "typical_volume": 1650861.55, "trend": 300.461666, "fair_value": 136.965064, "relative_strength": -0.461508, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.213066, "energy": 42.940352, "activity_lines": [ 285.340002, 301.577275, 316.70643, 311.133549 ] }, { "date": "2024-04-05", "close": 317.700012, "volume": 644274, "typical_volume": 1633645.45, "trend": 302.058334, "fair_value": 138.724679, "relative_strength": 12.957863, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.224272, "energy": 29.128592, "activity_lines": [ 293.67334, 302.00364, 316.781193, 312.2457 ] }, { "date": "2024-04-12", "close": 302.799988, "volume": 176690, "typical_volume": 1494252.0, "trend": 303.451667, "fair_value": 140.391346, "relative_strength": 6.79637, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.894462, "energy": 23.324996, "activity_lines": [ 296.980001, 300.495456, 315.234525, 312.293549 ] }, { "date": "2024-04-19", "close": 290.649994, "volume": 224794, "typical_volume": 1465604.0, "trend": 304.663333, "fair_value": 141.988461, "relative_strength": 3.503826, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.656281, "energy": 16.148365, "activity_lines": [ 296.406665, 297.538181, 312.482857, 311.467634 ] }, { "date": "2024-04-26", "close": 308.100006, "volume": 636208, "typical_volume": 1263487.75, "trend": 305.82, "fair_value": 143.664102, "relative_strength": 7.628576, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.184497, "energy": 8.903576, "activity_lines": [ 301.473334, 298.450001, 311.352144, 311.689355 ] }, { "date": "2024-05-03", "close": 287.100006, "volume": 3227537, "typical_volume": 1362430.7, "trend": 306.578334, "fair_value": 145.204487, "relative_strength": -0.495572, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.636081, "energy": 13.330668, "activity_lines": [ 297.543335, 295.909093, 308.304287, 310.481614 ] }, { "date": "2024-05-10", "close": 256.600006, "volume": 1095184, "typical_volume": 1279190.35, "trend": 305.603334, "fair_value": 146.485577, "relative_strength": -9.789552, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -43.076019, "energy": 40.555051, "activity_lines": [ 282.653337, 288.566366, 302.425478, 307.257206 ] }, { "date": "2024-05-17", "close": 271.25, "volume": 708416, "typical_volume": 1247593.75, "trend": 305.531667, "fair_value": 147.860897, "relative_strength": -6.858894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.318686, "energy": 55.835369, "activity_lines": [ 276.720003, 284.98182, 298.222859, 305.040861 ] }, { "date": "2024-05-24", "close": 286.25, "volume": 1174439, "typical_volume": 1232733.1, "trend": 307.043334, "fair_value": 149.349679, "relative_strength": -4.350218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.780605, "energy": 54.293916, "activity_lines": [ 277.890002, 284.744547, 295.628573, 303.796883 ] }, { "date": "2024-05-31", "close": 273.549988, "volume": 571107, "typical_volume": 814089.4, "trend": 307.298334, "fair_value": 150.744231, "relative_strength": -7.161995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.352543, "energy": 56.2545, "activity_lines": [ 275.119997, 282.229999, 291.932381, 301.636022 ] }, { "date": "2024-06-07", "close": 268.200012, "volume": 1606507, "typical_volume": 791716.15, "trend": 306.683334, "fair_value": 152.082692, "relative_strength": -12.20599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.348276, "energy": 39.240279, "activity_lines": [ 272.870001, 278.826365, 288.305716, 299.11355 ] }, { "date": "2024-06-14", "close": 280.600006, "volume": 1650162, "typical_volume": 846803.55, "trend": 306.863334, "fair_value": 153.506731, "relative_strength": -9.157139, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.003127, "energy": 30.503013, "activity_lines": [ 276.013336, 277.804548, 286.383097, 297.430754 ] }, { "date": "2024-06-21", "close": 272.149994, "volume": 626200, "typical_volume": 848208.95, "trend": 306.176667, "fair_value": 154.830128, "relative_strength": -12.310043, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.475871, "energy": 32.484123, "activity_lines": [ 274.74, 275.92091, 284.035239, 295.191184 ] }, { "date": "2024-06-28", "close": 257.350006, "volume": 977231, "typical_volume": 865567.65, "trend": 305.353335, "fair_value": 155.983974, "relative_strength": -19.023448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.115361, "energy": 37.173889, "activity_lines": [ 268.473336, 271.903638, 280.622859, 292.041077 ] }, { "date": "2024-07-05", "close": 266.0, "volume": 1026636, "typical_volume": 889151.3, "trend": 303.370001, "fair_value": 157.199679, "relative_strength": -17.54632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.791192, "energy": 34.687107, "activity_lines": [ 267.016669, 270.064547, 278.375239, 289.502152 ] }, { "date": "2024-07-12", "close": 250.0, "volume": 1111087, "typical_volume": 922458.1, "trend": 301.616668, "fair_value": 158.282372, "relative_strength": -23.05629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.631389, "energy": 49.544738, "activity_lines": [ 260.730001, 266.081819, 274.900001, 286.058926 ] }, { "date": "2024-07-19", "close": 241.600006, "volume": 701613, "typical_volume": 937840.3, "trend": 299.150001, "fair_value": 159.323077, "relative_strength": -25.727187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.141627, "energy": 59.109991, "activity_lines": [ 252.856669, 261.246366, 270.996192, 282.186883 ] }, { "date": "2024-07-26", "close": 259.100006, "volume": 1007387, "typical_volume": 969924.1, "trend": 297.486668, "fair_value": 160.460898, "relative_strength": -21.297581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.462, "energy": 45.156272, "activity_lines": [ 253.416671, 259.865457, 269.117145, 279.603013 ] }, { "date": "2024-08-02", "close": 255.199997, "volume": 1491765, "typical_volume": 995401.3, "trend": 295.698334, "fair_value": 161.575641, "relative_strength": -21.997733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.220422, "energy": 42.901912, "activity_lines": [ 253.546668, 257.996366, 267.086906, 276.87484 ] }, { "date": "2024-08-09", "close": 245.100006, "volume": 721911, "typical_volume": 993118.85, "trend": 290.696668, "fair_value": 162.684615, "relative_strength": -23.922648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.991605, "energy": 41.436507, "activity_lines": [ 250.453337, 254.855457, 264.250955, 273.610432 ] }, { "date": "2024-08-16", "close": 230.600006, "volume": 445002, "typical_volume": 991207.5, "trend": 285.781669, "fair_value": 163.733654, "relative_strength": -28.785774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.797806, "energy": 43.380873, "activity_lines": [ 243.920004, 249.595458, 260.191431, 269.733228 ] }, { "date": "2024-08-23", "close": 263.600006, "volume": 3086476, "typical_volume": 1113317.6, "trend": 282.558336, "fair_value": 165.014744, "relative_strength": -19.532462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.815381, "energy": 32.514229, "activity_lines": [ 249.680005, 251.019095, 259.487146, 268.302153 ] }, { "date": "2024-08-30", "close": 285.75, "volume": 3328866, "typical_volume": 1270926.4, "trend": 280.596669, "fair_value": 166.421154, "relative_strength": -14.061402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.555752, "energy": 12.314965, "activity_lines": [ 261.35667, 256.779094, 261.150003, 268.508067 ] }, { "date": "2024-09-06", "close": 278.399994, "volume": 1837993, "typical_volume": 1351586.35, "trend": 278.911668, "fair_value": 167.795513, "relative_strength": -14.678871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.494324, "energy": 13.168282, "activity_lines": [ 268.806667, 260.955456, 262.19405, 268.366346 ] }, { "date": "2024-09-13", "close": 287.700012, "volume": 1183833, "typical_volume": 1378967.6, "trend": 277.561668, "fair_value": 169.195513, "relative_strength": -13.382069, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.600451, "energy": 26.877466, "activity_lines": [ 277.810004, 266.440003, 264.182146, 268.933336 ] }, { "date": "2024-09-20", "close": 257.200012, "volume": 1372418, "typical_volume": 1286211.65, "trend": 275.201669, "fair_value": 170.433654, "relative_strength": -23.537623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.910251, "energy": 19.421997, "activity_lines": [ 273.806673, 265.984551, 263.362623, 267.619681 ] }, { "date": "2024-09-27", "close": 262.600006, "volume": 1058575, "typical_volume": 1284381.2, "trend": 273.395003, "fair_value": 171.721154, "relative_strength": -22.64554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.684018, "energy": 11.719925, "activity_lines": [ 269.830007, 266.380005, 263.199766, 266.80667 ] }, { "date": "2024-10-04", "close": 262.25, "volume": 984066, "typical_volume": 1298163.7, "trend": 271.958336, "fair_value": 172.989744, "relative_strength": -18.795577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.504988, "energy": 10.619326, "activity_lines": [ 265.803339, 266.330005, 262.975004, 266.087638 ] }, { "date": "2024-10-11", "close": 272.799988, "volume": 736839, "typical_volume": 1276283.7, "trend": 271.451669, "fair_value": 174.326603, "relative_strength": -14.909137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.91706, "energy": 12.786851, "activity_lines": [ 266.86, 268.140911, 263.79786, 266.141938 ] }, { "date": "2024-10-18", "close": 248.949997, "volume": 843632, "typical_volume": 1289909.95, "trend": 270.478336, "fair_value": 175.531731, "relative_strength": -21.537194, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.678405, "energy": 20.806299, "activity_lines": [ 260.339997, 265.295455, 262.413335, 264.690217 ] }, { "date": "2024-10-25", "close": 234.949997, "volume": 752898, "typical_volume": 1247229.5, "trend": 269.136668, "fair_value": 176.667628, "relative_strength": -23.550347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.678962, "energy": 35.065493, "activity_lines": [ 251.736663, 259.834545, 259.81262, 262.398066 ] }, { "date": "2024-11-01", "close": 240.600006, "volume": 696374, "typical_volume": 1199540.1, "trend": 266.566668, "fair_value": 177.842949, "relative_strength": -21.644238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.066231, "energy": 47.058726, "activity_lines": [ 246.499999, 255.321819, 257.908335, 260.556991 ] }, { "date": "2024-11-08", "close": 232.149994, "volume": 833808, "typical_volume": 1209920.5, "trend": 264.211668, "fair_value": 178.948398, "relative_strength": -23.306881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.574595, "energy": 57.082766, "activity_lines": [ 239.913331, 249.690908, 255.389763, 258.336561 ] }, { "date": "2024-11-15", "close": 213.740005, "volume": 513957, "typical_volume": 1186756.8, "trend": 261.648002, "fair_value": 179.941282, "relative_strength": -26.997171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.118929, "energy": 68.029518, "activity_lines": [ 229.196667, 241.687273, 251.308335, 255.080324 ] }, { "date": "2024-11-22", "close": 219.550003, "volume": 492487, "typical_volume": 1160049.35, "trend": 258.696335, "fair_value": 180.9775, "relative_strength": -25.542406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.417148, "energy": 68.633975, "activity_lines": [ 224.354002, 235.915637, 247.987906, 252.364324 ] }, { "date": "2024-11-29", "close": 234.539993, "volume": 983346, "typical_volume": 1153662.3, "trend": 256.944335, "fair_value": 182.118782, "relative_strength": -20.677553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.616753, "energy": 61.258389, "activity_lines": [ 226.467999, 234.108544, 246.316286, 250.805851 ] }, { "date": "2024-12-06", "close": 238.0, "volume": 512858, "typical_volume": 1144224.55, "trend": 256.324335, "fair_value": 183.290577, "relative_strength": -20.557639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.152954, "energy": 47.47114, "activity_lines": [ 229.762666, 233.342544, 245.04781, 249.583635 ] }, { "date": "2024-12-13", "close": 234.800003, "volume": 393422, "typical_volume": 1113526.3, "trend": 255.109335, "fair_value": 184.443782, "relative_strength": -21.336066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.009266, "energy": 30.806507, "activity_lines": [ 232.164, 232.442, 243.491715, 248.194969 ] }, { "date": "2024-12-20", "close": 220.009995, "volume": 335052, "typical_volume": 1055690.65, "trend": 252.901335, "fair_value": 185.506026, "relative_strength": -21.921497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.041044, "energy": 30.531427, "activity_lines": [ 229.458665, 229.351454, 240.642762, 245.930495 ] }, { "date": "2024-12-27", "close": 216.550003, "volume": 167817, "typical_volume": 1027985.95, "trend": 251.001335, "fair_value": 186.518846, "relative_strength": -23.245133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.083623, "energy": 38.951474, "activity_lines": [ 225.182, 226.591636, 237.631857, 243.585248 ] }, { "date": "2025-01-03", "close": 218.679993, "volume": 395988, "typical_volume": 1025535.25, "trend": 249.350668, "fair_value": 187.496603, "relative_strength": -22.464184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.854128, "energy": 47.881153, "activity_lines": [ 221.815331, 224.80818, 234.959761, 241.5 ] }, { "date": "2025-01-10", "close": 201.339996, "volume": 363538, "typical_volume": 889388.35, "trend": 246.708667, "fair_value": 188.308398, "relative_strength": -25.7162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.01933, "energy": 71.132038, "activity_lines": [ 213.725997, 220.167816, 230.692999, 238.402538 ] }, { "date": "2025-01-17", "close": 196.300003, "volume": 758412, "typical_volume": 760865.65, "trend": 244.180334, "fair_value": 189.076026, "relative_strength": -25.749137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.407044, "energy": 77.938863, "activity_lines": [ 206.400665, 215.324908, 226.242713, 235.150366 ] }, { "date": "2025-01-24", "close": 187.869995, "volume": 305848, "typical_volume": 684258.4, "trend": 241.864334, "fair_value": 189.801795, "relative_strength": -27.527362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.49797, "energy": 84.177089, "activity_lines": [ 198.831998, 209.601089, 221.415523, 231.51744 ] }, { "date": "2025-01-31", "close": 189.220001, "volume": 481127, "typical_volume": 649123.1, "trend": 239.305001, "fair_value": 190.482692, "relative_strength": -27.338007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.389353, "energy": 82.857938, "activity_lines": [ 193.855999, 204.593089, 217.147999, 228.121032 ] }, { "date": "2025-02-07", "close": 175.550003, "volume": 522870, "typical_volume": 606645.7, "trend": 236.823334, "fair_value": 191.105128, "relative_strength": -31.829497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.508309, "energy": 86.269656, "activity_lines": [ 186.145334, 197.65109, 212.047523, 224.007806 ] }, { "date": "2025-02-14", "close": 158.5, "volume": 447798, "typical_volume": 576106.85, "trend": 234.053334, "fair_value": 191.627885, "relative_strength": -35.857089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.469474, "energy": 92.148655, "activity_lines": [ 175.626667, 188.681636, 205.712047, 218.954688 ] }, { "date": "2025-02-21", "close": 157.639999, "volume": 522201, "typical_volume": 553013.6, "trend": 230.671334, "fair_value": 192.226539, "relative_strength": -34.920179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.038895, "energy": 89.372364, "activity_lines": [ 167.677333, 181.001272, 199.79038, 214.024795 ] }, { "date": "2025-02-28", "close": 142.600006, "volume": 561188, "typical_volume": 544231.05, "trend": 226.918001, "fair_value": 192.711795, "relative_strength": -38.481956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.33873, "energy": 93.292199, "activity_lines": [ 157.292002, 171.989273, 192.934476, 208.342774 ] }, { "date": "2025-03-07", "close": 174.009995, "volume": 3219880, "typical_volume": 663043.45, "trend": 224.548334, "fair_value": 193.385577, "relative_strength": -25.554947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.454222, "energy": 64.237295, "activity_lines": [ 160.394667, 170.095636, 189.69, 204.929354 ] }, { "date": "2025-03-14", "close": 173.559998, "volume": 1013592, "typical_volume": 676078.15, "trend": 222.647, "fair_value": 194.059359, "relative_strength": -24.486099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.038494, "energy": 55.257517, "activity_lines": [ 164.361332, 168.893636, 186.759523, 201.639784 ] }, { "date": "2025-03-21", "close": 190.190002, "volume": 1309005, "typical_volume": 706709.7, "trend": 220.2, "fair_value": 194.860577, "relative_strength": -19.962173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.07358, "energy": 37.180021, "activity_lines": [ 174.004, 171.535636, 185.70519, 199.545785 ] }, { "date": "2025-03-28", "close": 192.449997, "volume": 1722489, "typical_volume": 751143.75, "trend": 217.09, "fair_value": 195.655769, "relative_strength": -18.95834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.612519, "energy": 24.076491, "activity_lines": [ 182.287332, 174.791272, 185.106142, 197.755462 ] }, { "date": "2025-04-04", "close": 194.089996, "volume": 770140, "typical_volume": 763952.9, "trend": 214.279667, "fair_value": 196.409551, "relative_strength": -15.162582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.904255, "energy": 23.942835, "activity_lines": [ 188.796664, 178.41509, 184.852332, 196.271591 ] }, { "date": "2025-04-11", "close": 181.199997, "volume": 482050, "typical_volume": 763431.05, "trend": 210.729666, "fair_value": 197.062756, "relative_strength": -19.681656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.426334, "energy": 21.862879, "activity_lines": [ 187.576664, 179.58218, 183.464475, 194.137418 ] }, { "date": "2025-04-18", "close": 180.089996, "volume": 236801, "typical_volume": 726103.8, "trend": 208.159332, "fair_value": 197.665897, "relative_strength": -22.760079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.533922, "energy": 18.111675, "activity_lines": [ 185.50733, 180.693271, 182.153522, 192.160665 ] }, { "date": "2025-04-25", "close": 186.080002, "volume": 915916, "typical_volume": 746256.7, "trend": 205.608665, "fair_value": 198.36609, "relative_strength": -19.868033, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.03276, "energy": 10.812312, "activity_lines": [ 184.999332, 182.810907, 181.672332, 190.736192 ] }, { "date": "2025-05-02", "close": 175.130005, "volume": 690079, "typical_volume": 761089.55, "trend": 202.704666, "fair_value": 199.044808, "relative_strength": -24.698928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.756602, "energy": 22.178241, "activity_lines": [ 181.115334, 182.436181, 180.395523, 188.769827 ] }, { "date": "2025-05-09", "close": 167.690002, "volume": 301560, "typical_volume": 759414.95, "trend": 199.200999, "fair_value": 199.741539, "relative_strength": -26.189821, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.908864, "energy": 28.276667, "activity_lines": [ 175.906002, 180.390727, 178.694285, 186.510817 ] }, { "date": "2025-05-16", "close": 198.350006, "volume": 646229, "typical_volume": 783335.55, "trend": 197.514333, "fair_value": 200.581282, "relative_strength": -15.513353, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.284027, "energy": 11.674404, "activity_lines": [ 182.67667, 183.463638, 180.162191, 186.455914 ] }, { "date": "2025-05-23", "close": 180.639999, "volume": 461335, "typical_volume": 786602.9, "trend": 195.704, "fair_value": 201.341475, "relative_strength": -21.706465, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.199146, "energy": 16.035551, "activity_lines": [ 182.400669, 182.874001, 180.030096, 185.367247 ] }, { "date": "2025-05-30", "close": 180.869995, "volume": 403938, "typical_volume": 788622.9, "trend": 193.712999, "fair_value": 202.101859, "relative_strength": -20.486129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.021295, "energy": 13.170968, "activity_lines": [ 182.164667, 182.197455, 180.101047, 184.410215 ] }, { "date": "2025-06-06", "close": 223.220001, "volume": 6282035, "typical_volume": 1064804.05, "trend": 193.415333, "fair_value": 203.107436, "relative_strength": -2.329799, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.140736, "energy": 31.532205, "activity_lines": [ 196.392666, 189.390364, 184.302809, 186.313892 ] }, { "date": "2025-06-13", "close": 208.960007, "volume": 1417080, "typical_volume": 1120365.65, "trend": 193.256, "fair_value": 204.087949, "relative_strength": -6.830214, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.820295, "energy": 40.435526, "activity_lines": [ 202.661335, 193.431093, 187.018286, 187.316774 ] }, { "date": "2025-06-20", "close": 221.059998, "volume": 7059931, "typical_volume": 1449305.85, "trend": 193.306333, "fair_value": 205.11141, "relative_strength": -2.406271, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.172215, "energy": 56.590325, "activity_lines": [ 210.212001, 199.401456, 190.785715, 189.110581 ] }, { "date": "2025-06-27", "close": 224.410004, "volume": 1787736, "typical_volume": 1512549.15, "trend": 192.968667, "fair_value": 206.179744, "relative_strength": -2.549338, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.006753, "energy": 63.850192, "activity_lines": [ 217.365335, 205.256183, 194.720572, 191.117269 ] }, { "date": "2025-07-04", "close": 213.789993, "volume": 889795, "typical_volume": 1534649.0, "trend": 192.161666, "fair_value": 207.150834, "relative_strength": -6.005476, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.072218, "energy": 64.030704, "activity_lines": [ 218.060666, 208.374182, 197.411333, 192.460581 ] }, { "date": "2025-07-11", "close": 221.910004, "volume": 1397947, "typical_volume": 1578436.3, "trend": 191.732, "fair_value": 208.1525, "relative_strength": -0.934161, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.07453, "energy": 61.992823, "activity_lines": [ 219.268, 212.464728, 200.612143, 194.379828 ] }, { "date": "2025-07-18", "close": 211.850006, "volume": 1162689, "typical_volume": 1608511.35, "trend": 191.46, "fair_value": 209.100898, "relative_strength": -4.456494, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.996766, "energy": 40.262157, "activity_lines": [ 217.209335, 213.875638, 202.548811, 195.677764 ] }, { "date": "2025-07-25", "close": 190.220001, "volume": 877076, "typical_volume": 1491371.15, "trend": 190.582333, "fair_value": 209.917372, "relative_strength": -13.236441, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.499226, "energy": 19.2766, "activity_lines": [ 207.748002, 210.550911, 202.095715, 195.597764 ] }, { "date": "2025-08-01", "close": 178.369995, "volume": 606114, "typical_volume": 1470997.25, "trend": 189.238667, "fair_value": 210.579359, "relative_strength": -17.189108, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.294314, "energy": 13.869227, "activity_lines": [ 196.392667, 205.219455, 200.436858, 194.809871 ] }, { "date": "2025-08-08", "close": 182.070007, "volume": 1835175, "typical_volume": 1497305.75, "trend": 188.596334, "fair_value": 211.181731, "relative_strength": -14.284279, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.422928, "energy": 19.594525, "activity_lines": [ 189.340002, 200.602002, 199.107477, 194.347377 ] }, { "date": "2025-08-15", "close": 177.149994, "volume": 400501, "typical_volume": 1431206.35, "trend": 187.958, "fair_value": 211.600962, "relative_strength": -17.104907, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.383537, "energy": 29.611405, "activity_lines": [ 182.761999, 195.068182, 197.348191, 193.608904 ] }, { "date": "2025-08-22", "close": 186.570007, "volume": 1109366, "typical_volume": 1448167.65, "trend": 187.914667, "fair_value": 212.120641, "relative_strength": -12.933603, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.974502, "energy": 26.127374, "activity_lines": [ 182.308002, 192.084729, 196.558906, 193.519356 ] }, { "date": "2025-08-29", "close": 170.979996, "volume": 349039, "typical_volume": 1441517.1, "trend": 187.306667, "fair_value": 212.577885, "relative_strength": -17.969511, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.414894, "energy": 37.26718, "activity_lines": [ 178.342667, 186.673819, 194.320667, 192.426796 ] }, { "date": "2025-09-05", "close": 171.869995, "volume": 618462, "typical_volume": 1460600.15, "trend": 187.184, "fair_value": 212.836987, "relative_strength": -17.801198, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.391447, "energy": 40.289937, "activity_lines": [ 175.956665, 182.335272, 192.215857, 191.430882 ] }, { "date": "2025-09-12", "close": 167.279999, "volume": 1382865, "typical_volume": 1483947.6, "trend": 187.476667, "fair_value": 213.168269, "relative_strength": -20.335295, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.908565, "energy": 42.848858, "activity_lines": [ 172.473998, 178.117454, 189.713048, 190.146753 ] }, { "date": "2025-09-19", "close": 168.720001, "volume": 598756, "typical_volume": 1479381.45, "trend": 187.846, "fair_value": 213.498526, "relative_strength": -19.714041, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.824212, "energy": 52.298143, "activity_lines": [ 170.457332, 175.00709, 187.436905, 188.936645 ] }, { "date": "2025-09-26", "close": 157.729996, "volume": 488477, "typical_volume": 1488727.3, "trend": 188.350333, "fair_value": 213.809616, "relative_strength": -22.242024, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.442585, "energy": 69.060588, "activity_lines": [ 165.339331, 170.865635, 184.144619, 186.993677 ] }, { "date": "2025-10-03", "close": 166.699997, "volume": 1865166, "typical_volume": 1549674.15, "trend": 188.106667, "fair_value": 214.106731, "relative_strength": -17.88381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.497052, "energy": 60.734806, "activity_lines": [ 165.133998, 169.339089, 181.754047, 185.596881 ] }, { "date": "2025-10-10", "close": 170.490005, "volume": 826000, "typical_volume": 1567907.4, "trend": 188.004333, "fair_value": 214.433911, "relative_strength": -16.491699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.333326, "energy": 49.40848, "activity_lines": [ 166.477333, 168.929272, 179.875143, 184.460323 ] }, { "date": "2025-10-17", "close": 176.389999, "volume": 1797573, "typical_volume": 1637589.15, "trend": 187.544333, "fair_value": 214.781282, "relative_strength": -14.384851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.683484, "energy": 31.137891, "activity_lines": [ 169.879333, 169.735454, 178.606476, 183.711011 ] }, { "date": "2025-10-24", "close": 172.289993, "volume": 247547, "typical_volume": 1335864.75, "trend": 186.872333, "fair_value": 215.119359, "relative_strength": -16.039462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.074342, "energy": 24.238243, "activity_lines": [ 171.307331, 169.899453, 176.968666, 182.72686 ] }, { "date": "2025-10-31", "close": 201.139999, "volume": 22575363, "typical_volume": 2393778.9, "trend": 187.107333, "fair_value": 215.67859, "relative_strength": -1.205175, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.699179, "energy": 13.153292, "activity_lines": [ 182.113998, 175.397271, 178.320999, 183.647354 ] }, { "date": "2025-11-07", "close": 197.429993, "volume": 3548230, "typical_volume": 2218193.85, "trend": 187.648333, "fair_value": 216.195769, "relative_strength": -1.706969, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.858131, "energy": 24.420685, "activity_lines": [ 188.789996, 179.955634, 179.357236, 184.313332 ] }, { "date": "2025-11-14", "close": 194.699997, "volume": 1333962, "typical_volume": 2195505.15, "trend": 188.135333, "fair_value": 216.687757, "relative_strength": -4.262564, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.479204, "energy": 26.033743, "activity_lines": [ 192.507329, 183.536724, 180.245998, 184.768278 ] }, { "date": "2025-11-21", "close": 180.570007, "volume": 533191, "typical_volume": 2177674.95, "trend": 187.951667, "fair_value": 217.079552, "relative_strength": -11.258394, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.868004, "energy": 23.092781, "activity_lines": [ 189.900666, 184.133635, 179.930523, 184.280193 ] }, { "date": "2025-11-28", "close": 178.75, "volume": 422880, "typical_volume": 2128921.6, "trend": 188.072333, "fair_value": 217.487885, "relative_strength": -11.976366, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.222242, "energy": 12.535985, "activity_lines": [ 186.408667, 184.157999, 179.599904, 183.686537 ] }, { "date": "2025-12-05", "close": 171.779999, "volume": 449052, "typical_volume": 2093239.75, "trend": 188.208666, "fair_value": 217.885513, "relative_strength": -14.702528, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.583571, "energy": 17.672875, "activity_lines": [ 180.162667, 182.732726, 178.810999, 182.635419 ] }, { "date": "2025-12-12", "close": 178.110001, "volume": 580146, "typical_volume": 2078393.25, "trend": 187.534, "fair_value": 218.346795, "relative_strength": -10.494423, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.081568, "energy": 20.757961, "activity_lines": [ 177.984001, 182.202909, 178.815761, 181.983892 ] }, { "date": "2025-12-19", "close": 174.539993, "volume": 559515, "typical_volume": 2076063.3, "trend": 187.330666, "fair_value": 218.894808, "relative_strength": -11.43549, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.875569, "energy": 23.77881, "activity_lines": [ 175.903332, 180.816544, 178.538189, 181.145569 ] }, { "date": "2025-12-26", "close": 178.929993, "volume": 3678276, "typical_volume": 2168218.35, "trend": 187.265999, "fair_value": 219.371282, "relative_strength": -8.959776, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.381467, "energy": 20.883132, "activity_lines": [ 176.629996, 180.154725, 178.69695, 180.60359 ] }, { "date": "2026-01-02", "close": 186.619995, "volume": 2156538, "typical_volume": 2256020.2, "trend": 186.045999, "fair_value": 219.910192, "relative_strength": -5.593068, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.660042, "energy": 9.844566, "activity_lines": [ 180.029328, 180.844906, 179.603045, 180.561912 ] }, { "date": "2026-01-09", "close": 180.619995, "volume": 904775, "typical_volume": 2245790.65, "trend": 185.101332, "fair_value": 220.404872, "relative_strength": -5.956977, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.829155, "energy": 7.13781, "activity_lines": [ 180.903995, 180.183633, 179.892616, 180.211847 ] }, { "date": "2026-01-16", "close": 172.529999, "volume": 503932, "typical_volume": 2253535.3, "trend": 183.483665, "fair_value": 220.772372, "relative_strength": -9.80297, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.026798, "energy": 10.563858, "activity_lines": [ 178.492663, 178.424542, 179.440045, 179.400794 ] }, { "date": "2026-01-23", "close": 164.020004, "volume": 1207047, "typical_volume": 2282964.55, "trend": 181.470665, "fair_value": 221.112564, "relative_strength": -11.679304, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.909246, "energy": 24.601012, "activity_lines": [ 173.616666, 175.570907, 178.169617, 178.145074 ] }, { "date": "2026-01-30", "close": 172.240005, "volume": 1954017, "typical_volume": 2311522.15, "trend": 180.085666, "fair_value": 221.553846, "relative_strength": -7.951687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.080246, "energy": 35.65581, "activity_lines": [ 172.182002, 174.769635, 177.719427, 177.549547 ] }, { "date": "2026-02-06", "close": 171.059998, "volume": 1294721, "typical_volume": 2346320.4, "trend": 178.390666, "fair_value": 221.978269, "relative_strength": -9.723183, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.901797, "energy": 41.429114, "activity_lines": [ 170.800001, 173.905272, 177.133237, 176.967246 ] }, { "date": "2026-02-13", "close": 175.110001, "volume": 627523, "typical_volume": 2353272.7, "trend": 177.165999, "fair_value": 222.456218, "relative_strength": -6.768991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.561064, "energy": 36.612053, "activity_lines": [ 171.805335, 173.91709, 176.921618, 176.75559 ] }, { "date": "2026-02-20", "close": 178.75, "volume": 8537725, "typical_volume": 2686900.65, "trend": 176.783665, "fair_value": 222.995321, "relative_strength": -5.222273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.077841, "energy": 3.726979, "activity_lines": [ 174.391334, 174.530182, 176.973904, 176.857784 ] }, { "date": "2026-02-27", "close": 178.300003, "volume": 875622, "typical_volume": 2689381.75, "trend": 176.781332, "fair_value": 223.472244, "relative_strength": -4.145749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.87275, "energy": 3.826291, "activity_lines": [ 176.412668, 175.049819, 176.925952, 176.955612 ] }, { "date": "2026-03-06", "close": 164.820007, "volume": 698177, "typical_volume": 2634411.95, "trend": 176.206332, "fair_value": 223.804744, "relative_strength": -8.521513, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.247497, "energy": 20.424132, "activity_lines": [ 172.98867, 173.050184, 175.557, 176.183914 ] }, { "date": "2026-03-13", "close": 155.490005, "volume": 798429, "typical_volume": 2661956.05, "trend": 175.484333, "fair_value": 224.097308, "relative_strength": -8.609941, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.626141, "energy": 42.708621, "activity_lines": [ 166.949338, 169.61073, 173.354572, 174.847376 ] }, { "date": "2026-03-20", "close": 164.25, "volume": 785703, "typical_volume": 1572473.05, "trend": 174.740332, "fair_value": 224.319423, "relative_strength": -3.044716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.755798, "energy": 49.046208, "activity_lines": [ 164.868003, 168.330003, 172.066429, 174.122581 ] }, { "date": "2026-03-27", "close": 153.960007, "volume": 707379, "typical_volume": 1430430.5, "trend": 174.173, "fair_value": 224.311475, "relative_strength": -7.596217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.750003, "energy": 65.881086, "activity_lines": [ 160.080671, 165.476003, 169.973954, 172.781915 ] }, { "date": "2026-04-03", "close": 160.5, "volume": 511822, "typical_volume": 1389323.5, "trend": 173.794, "fair_value": 224.390962, "relative_strength": -2.859253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.23926, "energy": 60.126377, "activity_lines": [ 159.126003, 164.14873, 168.711335, 171.899786 ] }, { "date": "2026-04-10", "close": 171.600006, "volume": 527921, "typical_volume": 1389060.0, "trend": 173.938, "fair_value": 224.535834, "relative_strength": -1.708378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.242545, "energy": 33.232248, "activity_lines": [ 163.058004, 164.90364, 168.668716, 171.758238 ] }, { "date": "2026-04-17", "close": 221.960007, "volume": 14329980, "typical_volume": 2084415.0, "trend": 175.712667, "fair_value": 224.998398, "relative_strength": 25.038054, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.329509, "energy": 27.807721, "activity_lines": [ 183.324672, 174.82655, 173.465003, 174.856432 ] }, { "date": "2026-04-24", "close": 223.910004, "volume": 21733594, "typical_volume": 3148642.1, "trend": 177.918667, "fair_value": 225.376987, "relative_strength": 27.991275, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.534762, "energy": 66.235996, "activity_lines": [ 199.810005, 184.17855, 178.241241, 177.965937 ] }, { "date": "2026-05-01", "close": 222.029999, "volume": 1827586, "typical_volume": 3211014.1, "trend": 179.763, "fair_value": 225.737116, "relative_strength": 25.709884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.249456, "energy": 81.54543, "activity_lines": [ 211.691336, 192.301458, 182.590193, 180.81183 ] }, { "date": "2026-05-08", "close": 250.779999, "volume": 6821096, "typical_volume": 3524093.15, "trend": 182.439334, "fair_value": 226.343077, "relative_strength": 39.701947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.031848, "energy": 92.76501, "activity_lines": [ 228.618002, 204.86473, 189.468098, 185.393571 ] }, { "date": "2026-05-15", "close": 227.830002, "volume": 4384308, "typical_volume": 3559394.75, "trend": 184.154, "fair_value": 226.794231, "relative_strength": 29.204773, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.473409, "energy": 82.328134, "activity_lines": [ 231.876001, 211.937457, 193.797241, 188.322002 ] }, { "date": "2026-05-22", "close": 219.139999, "volume": 1758761, "typical_volume": 3539505.9, "trend": 185.715667, "fair_value": 227.17141, "relative_strength": 23.253141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.301788, "energy": 74.331722, "activity_lines": [ 228.488667, 216.284547, 197.065907, 190.579163 ] }, { "date": "2026-05-29", "close": 223.059998, "volume": 1254491, "typical_volume": 3556991.7, "trend": 186.446334, "fair_value": 227.417308, "relative_strength": 25.673861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.220704, "energy": 51.954142, "activity_lines": [ 226.595999, 220.187092, 200.55305, 192.988474 ] }, { "date": "2026-06-05", "close": 209.630005, "volume": 285879, "typical_volume": 3546089.05, "trend": 186.853001, "fair_value": 227.630641, "relative_strength": 19.009175, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.515229, "energy": 34.398783, "activity_lines": [ 220.283334, 220.578547, 202.55905, 194.484195 ] }, { "date": "2026-06-12", "close": 208.990005, "volume": 146576, "typical_volume": 3493065.5, "trend": 187.329335, "fair_value": 227.820321, "relative_strength": 17.241419, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.840324, "energy": 25.511878, "activity_lines": [ 214.584003, 219.841456, 204.327431, 195.912389 ] }, { "date": "2026-06-19", "close": 214.570007, "volume": 156173, "typical_volume": 3403173.3, "trend": 188.462668, "fair_value": 228.075577, "relative_strength": 18.375737, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.030932, "energy": 22.665518, "activity_lines": [ 213.530671, 219.237276, 206.413098, 197.669852 ] }, { "date": "2026-06-26", "close": 202.399994, "volume": 0, "typical_volume": 3338437.25, "trend": 189.251001, "fair_value": 228.247693, "relative_strength": 11.559011, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.404271, "energy": 21.09089, "activity_lines": [ 209.304668, 215.639092, 207.138145, 198.569034 ] }, { "date": "2026-07-03", "close": 212.119995, "volume": 116447, "typical_volume": 3312883.45, "trend": 190.595668, "fair_value": 228.424744, "relative_strength": 15.780282, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.740641, "energy": 18.513489, "activity_lines": [ 209.434666, 214.163818, 208.639668, 200.044453 ] }, { "date": "2026-07-10", "close": 216.360001, "volume": 3415127, "typical_volume": 3056753.55, "trend": 191.870668, "fair_value": 228.516795, "relative_strength": 18.372051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.743252, "energy": 18.465562, "activity_lines": [ 211.707332, 213.673818, 210.368763, 201.706668 ] }, { "date": "2026-07-17", "close": 200.380005, "volume": 1083911, "typical_volume": 3067168.0, "trend": 192.732001, "fair_value": 228.552885, "relative_strength": 9.124882, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.371309, "energy": 11.740954, "activity_lines": [ 208.204667, 210.381456, 210.396859, 202.255658 ] }, { "date": "2026-07-24", "close": 193.309998, "volume": 659113, "typical_volume": 3065214.8, "trend": 193.211335, "fair_value": 228.451026, "relative_strength": 7.655193, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.796562, "energy": 8.047314, "activity_lines": [ 202.919333, 206.72, 209.646477, 202.292948 ] }, { "date": "2026-07-31", "close": 196.990005, "volume": 476533, "typical_volume": 3049120.0, "trend": 193.557002, "fair_value": 228.292629, "relative_strength": 6.710355, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.736904, "energy": 12.151856, "activity_lines": [ 200.278002, 204.355274, 209.110906, 202.536733 ] }, { "date": "2026-08-07", "close": 201.169998, "volume": 943885, "typical_volume": 3057029.1, "trend": 194.242002, "fair_value": 228.233141, "relative_strength": 7.949215, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.851226, "energy": 17.913907, "activity_lines": [ 199.390668, 203.153273, 208.775811, 203.027894 ] } ], "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." } } }